How to Win Consistently at Trading Forex

Trading Forex is a fantastic career or hobby, but unless you are winning consistently then it can be a short lived career or an expensive hobby. The elation of a win is often followed by several losses if you do not have a serious approach to your money management strategy and control of your emotions.…

Trading Forex is a fantastic career or hobby, but unless you are winning consistently then it can be a short lived career or an expensive hobby. The elation of a win is often followed by several losses if you do not have a serious approach to your money management strategy and control of your emotions. In this article we are going to establish a money management and psychological strategy that will help you win consistently at trading Forex.

First of all let us look at the trade settings themselves. Now this article is not to define a winning strategy; but to show you that even a strategy that only wins 50% of the time can make consistent returns. You may already have a winning strategy but poor money and psychological management.

It is important to aim for a 3: 1 risk reward ratio. In simple terms; you need to look for trades that can offer you 3 times the return of the potential loss. If you adopt this approach then you only need to win 50% of the time because your wins out way the losses by 3 times. Once you master this rule you are well on your way to a winning strategy.

Research your trades well and do not jump into the markets without doing your analysis whether that is fundamental or technical. If you can stick to these rules then you are half way to winning the psychological battle as well.

The biggest issue traders face is getting into trades too early because they think they are going to miss the trade or too late because they were scared to pull the trigger. Leaving a trade too early because they believe it is about to turn against them, only to later watch it hit their, would be, take profit level. Or, equally as common, they let the trade run and run expect more and more profit only to let all the profit get sucked away in a reversal. There is an old saying amongst successful traders “plan your trade and trade your plan.

Don not let your emotions let you take profit early if that was not your original plan. Make sure you plan for the trade turning before your profit level and have a preset plan to take profit. A solid plan is to take profit if the trade has reached 90% of the target and is showing signs of reversal. If you have your stop loss set correctly from your original analysis do not extend it as you are compromising your 3: 1 risk reward ratio. Keeping these rules in min is the first step to winning consistently at Forex trading.

How Export Data Can Help You in Well-Turned Global Trading

To get success in any business, It is very important to have a structured information of prospective product that we are going to trade. In reference to the international business, you must need to ensure the market is spot on or not. While the consistent growth of the export sector impact on the growth of…

To get success in any business, It is very important to have a structured information of prospective product that we are going to trade. In reference to the international business, you must need to ensure the market is spot on or not. While the consistent growth of the export sector impact on the growth of economy too, the execution of structured data strategy has become more crucial for both trader as well as the country. Whether it's a small, medium or large enterprise. An efficient export data directory is considered a very important factor in order to trade globally. This data can help in getting information about the trend of the international trade market and analyzing demand for the products in the prospective market.

There are many companies available in the market that offer export data directories for the business owner to avail them to have a lookup of previous export activities around the world on which behalf a business owner can take the decision about to export or import the products. These directories can help them both, whether you are a buyer looking to import from somewhere or seller looking to export somewhere. Here are some facts that simply that how to export data can help in successful International business:

Time-Saving

By easy and convenient facility of data directories help in availing a business to find the required information on a single window. A computer-based application of organized data directory makes it easier to find the thousand of products information in reference to export or import to various countries that help in saving the time of a business owner.

Setting up goals

In every business, a setting up of goals will give you a long-term vision and short-term motivation. Setting up of goal in reference to an international trade will help you to choose where you want to go for better business by knowing fairly what do you want to achieve and where you want to concentrate your efforts to get success. A sharp bundle of information can help you set up your goals whether you are looking for to export or Import.

Decision Making

In every business, decision making is of paramount importance for every operations or activities within a business enterprise. An organized manner of data can help you to give broad, balanced and agile approach to your decision making. You can take decision as per the information available with you. Making the decision to export requires careful assessment of advantages of expanding business into the new market. It can help you to Enhance domestic competition, increase sales and profit, gain global market share and gain information about the foreign competition.

Global Marketing Plan

Global marketing can be considered as the advanced level of a business. An international marketing plan is an essential tool to evaluate all the factors that can affect the ability of your company to go international. An organized information of the international products can help you to make global marketing plan as well as you will come to know about the competitors in reference to your business niche.

5 Ways Blockchain Will Transform the Life of a Common Man

With all of the media set ablaze with news of prices of cryptocurrencies, you may wonder how it affects a common man. Right at the heart of cryptocurrency and other digital circles is Blockchain technology. There are various industrial and administrative problems that the technology can solve for the common man. Do you own a…

With all of the media set ablaze with news of prices of cryptocurrencies, you may wonder how it affects a common man. Right at the heart of cryptocurrency and other digital circles is Blockchain technology.

There are various industrial and administrative problems that the technology can solve for the common man. Do you own a small business but often feel transparency is lacking because of traditional methods of communication? Have you ever ended up with higher than usual medical bills? As a business owner, is finding legitimate mandates a hassle for you? These problems affect entrepreneurs, startups, small businesses, individuals and Blockchain technology seeks to provide solutions to make the life of a common man much simpler through simplified solutions.

Banking

Banking in almost all countries is still very focused on paper-intensive transactions for any money transfer, recordkeeping or other back-end functions. Blockchain technology can replicate this in a digital format and create a decentralized ledger that allows not only the bankers but also the customers to access a single source of information. This system allows banks to eliminate chances of fraud as documentation and proof of ownership of assets can be digitally examined by bankers in the Blockchain ledger which can be accessed at any time in an unalterable format.

Identity theft is also a major problem in the banking sector, with citizens' information being stolen and used to open fraudulent accounts for illegal activities. According to the Federal Trade Commission's online database of complaints, there have been over 13 million complaints filed for card fraud and identity theft with 3 million of these complaints being filed in 2016 alone. Through a blockchain system, customers can directly view all accounts owned under their name and immediately notify their respective banks in case they spot any suspicious activity in their banking details. Some of the known examples include IBM-backed Hyperledger Fabric project and the Utility Settlement Coin by UBS.

Healthcare

Blockchain technology can simplify health care in incredible ways and make medical data management much simpler. Making patient records broadly accessible can allow research on drug development much more convenient, and it also reduces the implications of counterfeit drugs. Clinical trials and their outcomes can be made available in a decentralized network, allowing healthcare specialists and researchers to conduct research and find solutions to better healthcare. Accenture is one of the largest companies that have started offering innovative healthcare solutions for the medical care sector for secure and fraud-free transactions.

Medicare frauds can also be taken down through blockchain billing management as the billing system can be fully automated without any scope of intermediaries committing fraudulent activities. With over 56 million people under Medicare as of 2017, over $ 1.3 billion has been ripped off the government through fraudulent activities by rehabilitation facilities and home health care services. Blockchain systems can effectively safeguard citizens who seek medical assistance from healthcare providers that overcharge for services offered through fraudulent billing practices. The centralized data not only help medical professionals in offering treatment based on the history of the patient and his / her family but it also eliminates the chances of a patient incorrectly recollecting past symptoms or disorders.

Public Records

One of the most important civic administration functions of a government is to record all information about its citizens. This includes information about individuals and businesses with regards to their assets and activities. Most of the recorded information is recorded in paper databases, making data management extremely difficult even in developed countries.

Blockchain-based systems like Ubitiquity can encode all public records in a digital ledger to keep the data on citizens from being altered for fraudulent activities. Identity theft is a problem that can be very difficult to deal with for the administration and digitizing all public information to make it tamper-proof can help prevent such instances of criminal activity.

Voting

One of the largest limitations of the voting system in almost every country is that even today, voters need to be physically present at polling booths to cast their votes and can make things difficult for people who need to travel on poll days. More importantly, there are no means of verifying the poll results for the average citizen.

Blockchain development companies like Followmyvote are coming up with solutions that seek to make online voting a reality. It will allow citizens to view accurate information on poll stands and results and various other statistics publicly. It also leads to safer voting for citizens of countries in internal or external conflict and criminal activities to coerce citizens intooting for specific candidates which can be completely avoided.

Business Hiring

Businesses of all sizes have a hard time finding the right staff. Through blockchain technology, it is possible for businesses to verify credentials of all applicants through a digital database. Blockchain technology can be applied to create a decentralized database of professionals with verified qualifications in a secure ledger that businesses can refer to for hiring candidates. Learning Machine is a New York based company that seeks to address this problem that focuses on recording verifiable information on workers.

Tax or employment-related frauds make up 34% of all identity theft as of 2016, and a blockchain system makes the hiring process for any business much more secure as a company would have access to valid candidates only, reducing the risk of hiring fraudulent employees . It also helps applicants by speeding up the hiring process and helping them to find jobs that they are eligible for and have a hassle-free application process.

Use of blockchain technologies helps individuals and businesses alike, and it also protects personal information while making important data publicly visible. While blockchain has the best application in cryptocurrency, its use can spread to other sectors as well to provide meaningful solutions to citizens around the world.

How Blockchain Technology Is Making the World Better?

Blockchain technology can help immensely in banks, insurance, health and pharmaceutical industry, supply chain of many sectors (agribusiness, luxury, international trade, distribution, wines, aeronautics, and automobile), music industry, energy, and real estate. Blockchains have the potential to replace most of the centralized “trusted third parties” including banking trades, notaries, land registry, etc. by distributed computer…

Blockchain technology can help immensely in banks, insurance, health and pharmaceutical industry, supply chain of many sectors (agribusiness, luxury, international trade, distribution, wines, aeronautics, and automobile), music industry, energy, and real estate. Blockchains have the potential to replace most of the centralized “trusted third parties” including banking trades, notaries, land registry, etc. by distributed computer systems.

1. Medicines / Pharmacy
Blockchain technology can be used to improve drug integrity. If drugs can be clearly identified and tracked from production to consumption, it could save up to one million lives each year. Because DHL is already working with Accenture to establish a track-and-trace serialization system based on blockchain technology.

“At the moment, there are already more than 7 billion unique pharmaceutical serial numbers in the system. In addition, the system can now handle more than 1,500 transactions per second,” said Scott Allison, DHL's President, Healthcare.

Allison has not only the capacity of the system in mind. For example, track-and-trace serialization should reduce costs, increase security and confidence, and eliminate error-release data movement. The technology can add additional verified information to the element, which can not be manipulated. The validation is carried out by all participants.

“THE SYSTEM NOT ONLY MEETS THE GLOBAL SERIALIZATION REQUIREMENTS, IT EVEN SURPASSES THEM,” Says Allison

2. Fashion / Fashion
The CGS project allows consumers to track the entire lifecycle of a garment. This brings together companies from the fashion, apparel and consumer goods sectors to work together. With this solution, consumers no longer need to explicitly blindly on the value in sustainability fashion. Blockchain technology allows tracking of sustainability and conformity of the garment

3. Cross-border payments
In developing and underdeveloped countries, access to capital for small food producers is often a big problem. Binkabi is a cross-border agricultural trading platform that is breaking new ground with the help of a block bridge solution from Sweet bridge. Thus, a system for fair commodity trading is to be developed.

A blockchain banking solution has recently been announced by IBM. This is intended to make international payments faster and more cost-effective.

4. Food safety
In the area of ​​food safety, IBM is working with food manufacturers Dole, Nestlé, and Walmart. Thus, the data of breeders, suppliers, processors, traders, retailers not only to all parties involved but also the supervisor jurisdictions and consumers are available. So every transaction can be traced and all information about the food can be viewed. With all members of the food system having access to the blockchain, contaminated food can be quickly removed from the production and supply chain before it reaches the shelf.

The World Wildlife Fund (WWF) “tracks” fish and seafood using blockchain technology. In this project, the technology should help in the fight against illegal fishing. However, full traceability of fish and seafood is also of interest to fish wholesalers and fish retailers, as they want to prevent their products or brands from being associated with illegal activities.

“CONSUMERS ARE ALSO INCREASINGLY SLANDERING FOR FULLY TRACEABLE FISH AND SEAFOOD THAT ARE NOT FROM ILLEGAL FISHING,” says Bubba Cook, WWF's Western Central Pacific Tuna Program Manager.

5. Humanitarian Crises
Blockchain technology is not just used by companies. The United Nations currently uses blockchain technology in 16 areas, including:

· World Food Program (Refugee Aid)

· Office for the Coordination of Humanitarian Affairs (donor financing, safeguarding, and monitoring of supply chains)

In addition, it is currently being investigated how blockchain technology can be used to tackle current problems, such as child trafficking, according to Mahrinah von Schlegel, Managing Director of Nonprofit Embassy 2.0.

As part of the public-private partnership ID2020, Microsoft and Accenture have announced a partnership. The goal is to give 1.1 billion people a legal form of identity and identification using blockchain technology.

6. Jewelry
In collaboration with Everledger, the jewelry company Brilliant Earth intends to use blockchain technology to accurately track the origins of diamonds and other gems. This ensures that only conflict-free stones are processed.

Crypto Signal Services – Choosing The Best

Crypto trading can be profitable when the trader manages to keep an eye on the market round the clock. It is however something that can be challenging to do, but luckily there are crypto signal services that can be used to offer the needed assistance with the trading. They offer signals so traders are able…

Crypto trading can be profitable when the trader manages to keep an eye on the market round the clock. It is however something that can be challenging to do, but luckily there are crypto signal services that can be used to offer the needed assistance with the trading. They offer signals so traders are able to make the right decisions with their trading at the right time for that matter. With crypto currency trading so popular, a number of crypto signal services have popped up. So how do you choose the best to offer valuable information to make your trading most successful?

Service quality

It is one of the most important factors you should consider when choosing the services. The trading platform should have an impressive prediction success rate and should also offer relevant signals to guide you through the trades and market trends. The signals should also be sent in promptly so they match with real market activities. Check to see that they generate signals in the fastest way possible; it makes all the difference.

Reliability

Remember that you will be trusting them with guiding you with your trades and because you want to choose someone you can completely rely on to make safe choices. This means that you should select a provider who is 100% legitimate. A provider who tells how they generate the signals is more reliable whether they are expert traders or automated software. In the world full of scams, you really want to be careful what you choose to work with.

Free trial

One of the best ways that you can tell that a provider is genuine is by them offering you a free trial for the services they offer. This applies even when it comes to the crypto trading. A provider who offers free signals for a certain period of time gives you a chance to determine the quality and reliability of the service. By trying before investing, you get into the services with complete trust and confidence. Legit signals will have no issues, giving you the freedom to make a decision of working with them or looking elsewhere in case you are not happy with what you get.

Pricing

Even with a free trial, you definitely will need to subscribe to the services at some point. Avoid providers offering the signals at no charge at all as they may not be legit. However, you should also not be scammed to pay huge amounts for the subscription either. The pricing should be reasonable for the quality of service you stand to enjoy. Do your maths and research a little so you make the right decisions in the end.

Support

Apart from being available round the clock for your assistance, they should be knowledgeable towards the digital currency exchanges and the application they are offering you. Without this kind of support then you will still have issues enjoying the value that the services are meant to add you.