Category: Money Transfer

When someone says that they are buying shares, selling them or holding them, they are talking about stock trading or in particular, themselves as they are the stock traders. Stock traders are divided on the basis of the trading volume that they undergo.

Traders are generally traders or investors. The investors invest their money in some firm and then they tend to practically forget about any such investment. The idea is to make long term gains, avoiding every day fluctuation that the market has always been a witness to.

Traders on the other hand trade their stocks with one and one aim only. Make profits. Buy low and sell high has always been the mantra of day traders who begin their trading when the market opens and are done with it when the market closes. It has to be kept in mind that stock trading is never as easy as it seems and should always be done with ease and care.

Since stock trading has become vast to the levels that are unprecedented, people come up with a lot of different strategies and ways to make money. It is hard to define stock trading sometimes.

Still, let us answer some of the most basic questions about stock trading.

What is stock trading? :

To make the money off of the price movements that a stock may undergo in one single day, day traders will always be in a loop of selling and buying the shares. There are traders who aremore into penny stocksthat have a relatively lower price movement and there are traders who are more into the blue chip stocks that are kept in the game for the long term.

Stock trending is broadly classified into two categories.

Active trading and day trading.

Active trading:

Active trading is when the person is actively involved in trading but is not trading on the daily. Maybe more than 10 times a month but not more than that. These types of traders follow a specific strategy that they have set to make them short term profits at a particular moment in that particular tenure.

Day trading:

Here, the traders play on the daily. They are actively involved in trading and trade every day. Day traders are active as soon as the market opens and the good ones have already set their targets a few hours ago and are just waiting to execute those ideas. Their business ends as the trading day does.

Day traders buy and sell stocks multiple times a day with an aim of making money with the help of minimum risk ratio.

How can you trade stocks online?

To be a good trader, the key is to be in the game for a long time and that is the only way to make profits and money in the market. The game is to stick to the strategy that is once made and then making money with that and that only.

The step by step process to become an online stock trader can be found anywhere on the internet.

They Have artiles where they tell you to become a trader with a broker first and then open your account with the broker. Everyone knows that. The key to becoming a successful online stock broker is to be consistent and that is it.

There are brokers who put in therotten ideas of trading on either leverage or CFDs into the heads of novice traders.

The traders being new to the market always pay unwanted heed to such things and end up losing their money rapidly.

There are specific characteristics a goodtrading strategyhas always had.The survival of the trader and the success rate of the trade both are dependent on how verified the strategy is. The strategies that the novices device are not verified by anyone and hence are responsible for bringing loss to the trader. Sometimes the loss is so big that the trader quits trading altogether. The improv schemes the traders go through while trading are the reasons why trades fail.

Are you looking for a broker that can help you in trading stocks online?

Look no further

HFTradingwas established as a broker in 2019 and ever since, the broker has made a lot of noise in the market.

The fact that it is regulated with no one but two brokers makes it more than legitimate. With more than 300 tradable assets to trade with, the broker has made three thief trading accounts on which the trader can choose to trade from. The leverage that the broker provides, the preads that the broker asks, are all different for each trading account and respond to different assets differently.

Bottom Line:

Trading in stocks is a hard thing to do and should never be taken lightly. It has to be kept in mind that emotions never bought the food, math did.

Have you been planning to send money online to India? It can be a risky affair to send a huge amount from one country to another with the help of online remittance services. If you want the money to reach safely and timely to your friends or family in India, here are top 5 safety tips that you need to follow. These tips will not only ensure that the money is in safe hands but also help you avoid misuse of your personal information such as card number or bank details.

1. The device you are using for online remittance needs to be safe. For instance, if you are using your laptop or your smart phone to make a transfer, make sure it is secure and malware-free. There are certain malware that can easily pull your personal details including bank account number and card details so; the device you use for logging in to your online account should be security scanned and safe from any malicious software.
2. Always choose a reputed online remittance agency that has been into business for many years. With so many remittance websites out there, it can be difficult to choose the right one if you don’t do some research. You can ask for recommendations if you have friends or colleagues who send money through an online agency. A good agency will not only ensure quick and hassle-free transfer of money but also offer the best security system to keep your money safe till it doesn’t reach the beneficiary.
3. Password protection is the third most important safety tip when you transfer money to India. You must have a strong password for accessing the online service for money transfer. This is because password theft has become common on the internet. Due to this theft, many people have compromised on their financial security. Always have different passwords for different accounts. For instance, don’t have the same password for your email account as well as bank account. Even if you lose one password, your other account will be safe for use later.
4. It is important to save or print the receipts of the transfers you have made. This is because in case something goes wrong, you can use the reference number or other details from the transaction as a proof for payment. This will help resolve issues easily, if any. Reputed money transfer firms on the internet always email a receipt of the transfer to the money sender once the transaction is completed. You should always save these details for future use or reference.

It is strongly recommended to send money to people in India whom you know. In case there is someone you need to make a payment to, it would be advisable to send the money to your family and they can give it to that person, as and when required. Also, beware of spam emails in which people ask you to wire them money for a specific job or purpose.