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Saturday, August 15, 2020

Tamir Zoltovski Describes the Work Opportunities in Financial Services

Posted by admin on November 12, 2019

Financial services include anything related to money, from investment banking to insurance to accountancy.
Financial companies have various needs such as financial news, reports, investment opportunities, stock market information, credit ratings, dedicated investment hardware and software, data analysis tools, solutions to meet financial regulations, and much more. All these jobs described below help them to operate successfully. In this article, Tamir Zoltovski will describe the roles that provide services explicitly to the finance industry.

News

Financial news blends analytical skills with the capability to communicate on paper. It’s a great career opportunity for sparkling writers who are enthralled by the business world. They will observe the market, keep readers updated with the day-to-day information, and ferret out the unpredicted for them, all in their attractive style.

Data

In the globe of financial data, the significant thing is consolidation; stock exchange information, company reports, the information regarding foreign exchange services of every bank is out there but to make them useful, it all needs to be in one place. Working in financial data, your role is to collect the data for your customers. It means building relationships with banks and stock exchanges and discovering ways to feed their data into the data service of your company.

Analysis

Analysts generally organize and evaluate data. They are responsible to produce real-time reports for clients, bringing information and making them aware of financial decisions. Their reports are useful for investment managers and private equity investors to make decisions about which company has potential as an investment option.

Technology

The finance sector needs technical solutions that do not relate to anywhere else, both software and hardware. This role is not just for the developers and engineers, anyone can go into it with any degree. Those interested in finance will find many roles, from product consultancy to customer support.

Regulation

Financial companies have to follow strict regulations, which are planned by regulatory agencies. The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are two main regulatory agencies for the UK, where PRA regulations intend to keep the economy stable, while FCA regulations guard consumers.
 
Regulations change continuously to keep up with laws, taxation, policy changes and developments within the sector. Your role may involve planning new regulations, assessing them for risk and analyzing them for probable outcomes. There is even the enforcement side of things, which includes analyzing and investigating regulation’s violation – a little like being a detective.

Compliance

Compliance is the other side of regulation. The compliance officer’s role is to ensure that your company is following all the necessary regulations and submitting reports to the regulators. You have to recognize and interpret the continuously changing rules.

Finally…

Financial services’ work opportunities are not restricted to business and mathematics graduates. While the hi-tech roles (and some areas of analysis) need some technical skill, everything else is an open game for linguists, humanities students, and even people with other degrees.

Why Should I Sell My Life Insurance Policy?

Posted by admin on November 4, 2019

Does the idea of “how can I sell my life insurance policy“ keeps running in your mind? What is a life settlement? Who can sell? Are you eligible? Why you should sell your life insurance policy. You will find all the answers here below.

Selling your life insurance policy for cash is called life settlement. This involves the following:

1.Legal and financial transactions

2. Life Settlement Company (either a provider or a broker)

3. Legal documents

4. A commission if you go ahead with a broker.

You can think of the life settlement only if your age is above is 65 years, the face value of your policy is more than $100,000 and the policy type should fall amongst Universal Life, Whole Life, Term, Convertible Term, Joint, and Second-to-Die life insurance policies and must be issued by a US-based insurance carrier. If you meet all the above mentioned that you can go ahead a step further.

You can sell your term insurance policy only it is convertible into permanent life insurance. Since term life insurance terminates when the tenure for the policy lapses. The eligibility of life settlement depends on age/health, policy type, and policy size.

Under what conditions you can think to sell your life insurance policy?

1. You No Longer Have a Beneficiary Selling your life insurance policy (https://plsettlements.com ) while having dependents is not a good idea as you may dismiss the importance of the policy and why did you purchase it in the first place. In an incident like death of a spouse, divorce or you don’t have dependents for ones you need the cover; you might decide you sell it off.

2.You are over insured If you already have one or more policy in your name having high dollar policies and you wish to terminate one of them.

3. You cannot afford the policy premiums anymore
Sometimes the premium seems to be expensive depending on your income and you might decide to sell your policy. It is a great way to encase your policy and also avoids any further premium payments. In the given scenario you can consult a life settlement company they will guide you best.

4. Your term policy is about to expire
When a term life policy approaches the defined period you need to make some decisions that can benefit you. You need to act a minimum of six months before your policy expires. Also with the option of conversion rider, you can easily convert your term policy into permanent insurance and sell it.

5. The urgent need for cash
Life puts you in some awkward situations wherein you need cash urgently rather than the beneficiary. It might be the case where your beneficiary has more solid financial conditions than yours. You can then decide to sell your life insurance policy. Aging may bring unanticipated medical bills and long-term care expenses or maybe.

Unanticipated costs crop up as we age. You may need money for long-term care, medical bills, or to bolster your retirement income. Selling your life insurance policy should well planned and well-strategized move, it is not that easy to encash your policy. Many factors are involved during the process.

Before making your mind to sell your policy think of the following factors:-

Do I need the coverage? Finding an answer to this will make difference in your decision, though there are few cases under which you can still can the cover even after selling your policy, but you need to discuss the whole case with transparency with Life Settlement Company.

By what other ways I can pay premiums? When the premiums become difficult to pay in terms of affordability either you can reduce the death benefit or you can take loans against your policy. This way the premium amount reduces and you can pay them relatively with ease.

Through whom should I sell my policy? You can sell your policy to a licensed life settlement provider or a broker having years of experience and must be specialized in the insurance industry. Never make a deal with a broker or buyer who generates any kind of pressure to sell the policy for less. You will always get more amount than the surrender value.

You must know that you will get only 13 – 21 percent of the value of policies.

You will have to pay commission charges to the broker.
Buyers buy only specific types of the policy so in short not every policy can be sold.

Tax implications are involved, so talk to your tax advisor as this will affect your financial status.

How much money can you get?

The amount of money you will get depends on the size of the death benefit, the cost of the premiums, and the life expectancy of the insured. Life settlement providers use some calculative model so decide what they can pay for your life insurance policy that in-force and that will give them a decent ROI.

The best thing is to get multiple offers, either through a broker or several providers. You can find licensed life settlement providers (https://plsettlements.com/what-is-a-life-settlement/ ) and brokers in your area.

5 Tips for Owning a Successful Online Clothing Store

Posted by admin on August 5, 2019

Many years ago, aspiring retail business owners would’ve needed a physical store to open a clothing company. But thanks to the proliferation of online platforms like Facebook, eBay, and Shopify, anyone with internet access can now start their own clothing store online. Even with limited working capital, online selling allows you to start small and grow your business through the years. You can always apply for retail business loans if you need extra capital.

If you want to start an online clothing store, here are a few tips you should keep in mind:

1.    Choose Your Niche

Niche retailers are businesses that sell limited types of products to a specific niche/group. Aspiring business owners often want to offer everything at once. However, choosing a niche market allows you to target a small group of people that can help improve your business development and maximize sales potential.

When choosing your niche, it’s important to be as specific as possible so you can easily identify and market to your target audience. By choosing your niche, you can curate the products you sell so that it appeals to your niche market. In turn, it limits your competition and increases your chances of establishing customer loyalty.

2.    Collaborate with Influencers

If you’ve ever been on the internet for the past few years, then you’ve definitely heard the term ‘influencers’. Collaborating with these bloggers, vloggers, and social media influencers are one of the most effective strategies to market your business. However, don’t just choose any influencer; make sure to choose someone that represents your brand. Start by choosing local influencers in your area, then send them some of your most fashionable pieces, and then give them a discount code to share with their followers.

3.    Create Your Online Clothing Store Business Plan

Yes, you still need a business plan even though you operate online. Ideally, you should create a business plan before you launch your business. But if you haven’t, it’s never too late to make one. Your business plan should outline the following:

  • Target Market
  • Competitive Advantage
  • Financials
  • Top Competitors
  • Brand and Market Positioning
  • Mission and Vision
  • Pricing
  • Marketing and Advertising
  • And More

4.    Bring Traffic to Your Online Store

What’s the use of an online store if no one is visiting your website? For this reason, it’s important to bring traffic to your website through the following strategies: PPC, social media posts, guest posting, email marketing, content marketing, and as mentioned, influencers.

Make sure to optimize your online store. Concentrate on Google, as well as creating social media ads for Facebook and Instagram to direct shoppers to your website.

5.    Apply for Retail Business Loans

Every business venture, regardless of the size, needs working capital to operate. For online clothing stores, you may need capital to purchase goods to sell, pay for warehouse rent, payroll, advertising, and other overhead costs.  If you’re looking to start your own clothing company or if you’re looking for ways to fund your daily operations, you can apply for retail business loans.

SMB Compass offers retail business loans for aspiring entrepreneurs all over the United States. To know more about our offer, don’t hesitate to contact (888) 853-8922 or email us at info@smbcompass.com.

How Can You Begin Forex Currency Trading As a Beginner?

Posted by admin on June 20, 2019

Currently, currency markets are the almost all liquid and the most significant international forex trading market. Major stock trading volume is bought and sold from the world’s largest lenders, and there’s about 4 trillion money flow through forex currency trading each day. Forex for starter, you’re in the proper place because the population of stock trading forex is boosting rapidly.

Benefits You Can Get from Starting Forex Trading

It is true that the trillions of cash flow can be seen nowadaysthrough currency markets every day. It is possible always to buy, market and near your deal within no time.

  • Working 24/7.
  • So long as you have a Web connection, it is possible to deal anytime.
  • Can open consideration easily as there are lots of forex trading firms to select from.
  • You can account your account only $100 to start out trading.
  • You can purchase or sell money pairs easily.
  • Many forex agents offer 0 commission rate trading.

Is there a Threat in FOREX CURRENCY TRADING?

When you require in forex currency trading, that means you’re trading the money pairs. The money will rise or decrease in value similar to the stock market. It could be risky if you’re unsure of everything you are selling or buying. For forex currency trading, you should know the fundamental, technological, and industry sentiment to be able to trade wisely. As the forex for a newbie, learn the abilities first being on the secure side.

How will you begin in Forex Currency Trading?

With the gain access to of the Internet, it is possible just to get started your forex knowledge via online lessons, helps, instructions, or tutorials. Create a routine understanding of forex to be able to start stock trading forex. Spend time to understand the INS & outs of forex can be your key to learning to be a successful trader. Another choice is to study from the specialist via seminar could be your decision as this is the fast tempo to market forex successfully.

You may begin to open a practice profile with the result oriented Vantage Forex Trading companies or broker agents. In most of the situations, they’ll begin you off with $100,000 or $50,000 demonstration account. However that whenever you open a genuine account, you might fund only $100 using a mini account. Thoughts are broken comfortable and at ease your virtual cash trading, then just you start buying and selling your real cash account. By doing so, your risk is certainly lower than those that do not master and start immediately – got used up very fast and presented up in only a few days.

There are lots of benefits in addition to the risk to become a forex trader. If you’re sure everything you trade together with your acquired skills, the chance is lowered. As forex for a newbie, I encourage one to learn from nothing and find forex software at another time thoughts is broken familiar with currency markets.

How is Personal Loan EMI calculated?

Posted by admin on June 18, 2019

It’s quite normal for most of us to have a tough time balancing our current needs and future plans. Have you experienced anything of this sort before? Is the ‘demon’ called ‘fund crunch’ coming in as an obstacle to fulfilling your dreams?

No, you do not need to feel bad about it! As I said, it happens to the most! Rather, please be informed that you have the power to ‘slay’ this demon nowadays, courtesy, personal loans!

A personal loan can do the perfect balancing work between your current needs and future plans. All you need to do is to avail a personal loan, fulfill your immediate or urgent needs and then repay the loan in easy installments without putting any stress on your regular budget.

The EMI is the calculated monthly sum that needs to be paid by the borrower to the lender, on a fixed date every month, over a proposed time period. The amount is evaluated with the purpose of paying off both the principal amount and the interest on it.

Have You Used the Calculator Yet?

The loan calculator is a tool that helps a borrower to plan out a detailed chart of the expenses associated with a personal loan. It usually calculates three main things, the EMI, the amortization table and the breakup. These three things, in combination, help to create a transparent picture in front of a potential borrower and makes him take an informed decision about his affordability for that particular personal loan.

EMI- This is the basic and most critical result of the calculation. This calculation provides an accurate answer to how much amount a borrower needs to pay monthly to the lender, after considering the interest accrued. With this information in hand, the borrower can gauge whether he can repay the amount during the scheduled period, or he needs to alter the loan amount or the time period.

Amortization Table: With this computation, the calculator presents the advancement of the loan with the increase in the time period in the form of a chart. It basically tells how much a person would have paid back to the lender by the end of the year. Also, it clarifies all the doubts related to interest rates for the initial loan EMI and the principal amount.

The breakup – This includes the various parameters on which the final amount of EMI is calculated for a given month. It highlights the principal amount,interest rate, processing fee, and other parameters involved in the process.

Do you know the calculation method?

The loan calculator brings futuristic and detailed information about the money borrowed by an individual and the money to be repaid at different stages of the loan tenure. The simple formula used is

E = P * r * (1+r)^n/((1+r)^n – 1)

  1. Where E is the amount to be paid on a fixed date every month;
  2. P is the sum borrowed by an individual
  3. ‘r’ is the interest rate applicable, which is calculated on a monthly basis rather than the annual interest rate. This is calculated by using the formula r = (annual interest/12) * 100.
  4. ‘n’ stands for the personal loan tenure in months. For example, 60 months is written instead of 5 years.

Do you know how to use the calculator?

Really, it is very easy. With just few clicks on your mouse, you can crunch the numbers easily. You need to input certain variables into it before it displays the final result for you. Some Personal loan calculator also brings forth Amortization schedule, it will help you know how much you are paying as interest component and how much you are paying as principle. 

a) Loan amount

This is the amount you look to borrow and the entire interest component is calculated from this amount. The higher is your personal loan amount, the more you need to pay every month. You need to enter the loan amount in the appropriate space provided in the calculator.

b) Loan tenure

This is the time period within which you can choose to repay your loan amount. Most lenders often specify a range and you need to choose a tenure inside that range in order to repay your loan. This tenure may go up to 5 years in case of a personal loan. The longer is your loan tenure, the more will be the interest amount you need to pay. This will eventually increase your Emi outflow too. Therefore, you need to select a loan tenure so that your personal loan Emi remains in the affordable range. If after putting a particular tenure, the installment amount is found to be beyond your affordable range, you can input a lower tenure and try again, till you can make it affordable.

c) Interest Rate

It is the agreed rate at which the lender will levy interest on the personal loan amount borrowed by you. These interest rates vary as per the loan amount, credit profile of the borrowers and also from lender to lender. Hence, it is highly imperative for you to compare the interest rates offered by different lenders before making a final decision. The online platform of Afinoz.com provides useful comparative insights and makes your task easier in this regard.

Conclusion

Make use of personal loan calculator, it allows you to know the exact amount you need to pay every month towards as loan installment. By computing it in advance, you can save yourself from straining yourself financially and also from financial distress.You can plan your expenditures and savings easily.

While using the calculator for loan, you are at absolute liberty to try out your own permutations and combinations regarding tenure, loan amount and interest rates. Surely, you can make your own informed decisions regarding the best personal loan, as per your specific need and affordability.

Home buyers should compare house and land packages

Posted by admin on May 3, 2019

Home buyer

Are you looking to buy a new home ? There are many builders who are placing exciting offers in house and land packages. Here are some important tips that you should keep in mind while you are searching for the best traffic flow, space and general appeal.

Make sure that the floor plan is correct and as per your expectations : A floor plan at a glance is very easy to understand and eye catchy and there are plenty of designs that will look stunning. You need to be sure about the design that you choose for your land. If you are making your home in a development, where the positioning of the units is predetermined, make sure that the floor plan that you choose is having its own scenery and privacy.

Building a showplace, not a fishbowl : Open floor plans in modern residential areas offer a lot of flexibility and they can be made energy efficient. If the home incorporates a large amount of glass, it will be like living in a fishbowl. The design and the positioning of your home can compromise your privacy and the passing traffic can be disturbing. Make sure that your master bedroom has enough privacy.

Positioning with the sun : the positioning of your home has a lot to do with the temperature inside and climate control costs. According to the experts, your rooms should face north and other rooms like bathrooms, utility rooms, storage areas and theater rooms should be facing towards the south. Doors and windows that are towards the west should be as small as possible. If you have trees or something else to block the sunlight exposure, your window size should be about 900mm to allow light and should be able to reduce some of the heat and glare. Therefore you need to be very mindful with the design and the lot you choose from.

Avoiding zoning nightmares : When you buy a home from the builder, although they might have taken care of all the zoning considerations with the local council, but still you should do your due diligence on the property. To keep a check on the housing costs, avoid building your house in a bush fire-prone zone where you will need to add sprinklers or in an area that requires a flora and fauna.

Make sure that you do your research and make proper decisions because buying a home is one the most important decision a person will take in his entire life.

Recent Developments in the Global Forex Market

Posted by admin on September 20, 2017

Since the 1970s, the forex market has witnessed profound changes not only in terms of size but in how it operates. This has been the result of major structural shifts in the global financial system. Political shocks like the election of Donald Trump as the US President and Brexit in 2016 caused major jolts in the foreign exchange markets, fuelling more hedge funds trading activity and bank trading rooms. The uncertainty surrounding higher interest rates and a stronger dollar could fuel more volatility as 2017 enters the last quarter.

New thinking both in terms of finance theory and practice has led to the growth of numerous new derivative products and financial instruments. Advances in thinking and technology have also contributed to a deeper understanding of the global financial system as well as the techniques needed to operate within this system.

Introduction of Global Code of Conduct

The aim of the Code is to set out global good practice principles in the forex market that offer forex signals and a common market guide. This includes areas where there exists an element of uncertainty regarding what forex trading practices are acceptable or not. This is designed to address issues surrounding trust and promote effective wholesale FX market functioning.

Towards that goal, among the guiding principles that underpin the work on the Global Code is to promote an open, fair, robust, liquid, and transparent forex market. With the support of a resilient infrastructure, a diverse set of forex sellers and buyers should have the ability of effectively and confidently transacting in a manner that is in line with acceptable standards of behaviour and at prices that are reflective of the market information that is available.

Financial Deregulation

Across the globe, major financial deregulation that includes doing away with government restrictions and controls is taking place in nearly every country. This has led to far greater freedom when it comes to national and cross-border financial transactions and more competition between financial institutions.

Also being witnessed is a fundamental change in investment and savings with investors around the world, both individual and institutional diversifying their range of investments into multiple currencies and across international borders.

Algorithms and Speed Bumps

Over the recent past, algorithmic forex trading has been growing as the appeal of trading signals that are automated also grows. The demand for these “black box” automated tools is boosting quick execution that requires minimal human supervision. In 2017, however, speed-based trading strategies have assumed less significance to currency markets. This may be attributed to the introduction by key interdealer platforms of speed bumps that are coming in the form of latency floors.The years ahead might witness a continued move to strategies that are more passive based on electronic market making.

Increased Usage of Block chain

Forex experts are predicting that blockchain, the global distributed ledger technology that underpins bitcoin trading, will in the days ahead, have a big impact in terms of delivering real-time currencies clearance and settlement. This is an international data structure that enables the recording of transactions and sharing the same across a distributed computers network.

Many trading firms are already experimenting with the usage of blockchain as a way of storing and verifying forex transactions without going through a central authority. This has the potential of speeding speed up and greatly cutting trading costs as well as doing away with legacy infrastructure.

Conclusion

A key beneficiary of these emerging FX trading changes is the forex trader who now has an investment vehicle that was undreamt of just a decade ago. Looking out towards 2020, FX market pundits are banking on lighter regulations, the transforming power of blockchain, and an increased role of humans in the forex trading process.

CFD Finance in 2017

Posted by admin on June 28, 2017

Contract for difference refer to derivatives that aren’t traded on an exchange, but they traded in an over-the-counter market by CFD providers. A CFD offers investors a chance to speculate about the future movement of the asset without owning it or taking the physical delivery of the asset. In other words, CFDs serve as leveraging instruments. They are available for a broad range of assets including shares, currencies, and commodities. Typically, a CFD involves two major things;

  • Entering into an opening with a CFD provider at one price which creates an open position that you will be required to close later. You only close the position with a reverse trade with the CFD provider but at a different price.
  • If your first position was a buying position, then your position which closes the trade shall be a selling position. Conversely, if your first position was a selling position, then you close the trade by adopting a buying position.

CFD Trading and Beginners

I know the big question you must be asking yourself at this particular point is whether CFD trading is suitable for beginners. The answer to this query is both a yes and no. CFD isn’t suitable for beginners who are naïve about the trade. However, if you are a beginner but you still find time to understand what is involved in CFD trading then you are good enough to try it out. The key point here is that you must understand what CFD is all about, the risks associated with it and the benefits associated with it as well. With a thorough understanding of the trade, you can make an informed decision whether the product is good for you.

The difference in finance rates between trading CFDS and trading shares

The financing component doesn’t come up when you are trading shares because you only pay to finance on shares if you take out a margin loan. On the other hand, when you are trading in CFDs, you are required to place a small margin up front to help you gain control of the entire position. Therefore, trading in CFDs involves taking out a loan every time you open a trade and hold it overnight.

Holding the CFD position Versus Holding for several days

Most brokers only charge you finance fees if you hold a position past the New York’s close time. Closing your position before the New York close ensures that you won’t pay CFD finance fees. This implies that if you hold your position for several weeks, you pay the CFD finance fee every single day that you hold the trade opens. Most of the CFD providers opt to charge a pro rata rate instead of the margin loan. You don’t to apply for a credit rating to get approval to trade CFDs.

Finance Rates

As of April 2017, the CMC Markets was charging what they referred to as a holding cost if you hold your position past 5 PM New York time. According to the company website, this is not a financing charge as most people may refer to it. The holding cost for CFDs and Forex trades is calculated differently.

A point to note is that CFD finance charges differ on a daily basis as your position rises and falls in the market. The best way you can avoid the CFD finance fees is by opening and closing your share CFD position within the same day. You do not have to pay the financing because you never held the position overnight.

Is CFD for everyone?

Contract for Difference is not for everyone. Do not consider CFD trading if:

  • You do not understand all the factors that may affect CFD prices in the market
  • You are too occupied to monitor the markets closely and identify significant trends that may help you to trade successfully. You need to be in a good position to respond to margin calls to cover your losses at short notice, or you risk having your CFD position closed at a loss.
  • You do not understand all the risks associated with CFD trading.

The Clamor for a Demo Account: Recent Trends

Posted by admin on April 22, 2016

With the birth of many trading platforms, binary traders are having a field day choosing from which among them can offer the best features and give the best payouts. It is very easy to be lured by the flashing banners, inviting advertisements and enticing promises of hefty returns that traders need to be vigilant on selecting which of the bunch will really have their work cut out for them.

The binary options industry is experiencing untold growth that has left brokers reeling from the sheer number of traders wanting to take part in profitable investments. Many brokers have come up with ways to attract them, from the lucrative bonuses and promotions given to new account holders, to unlimited access to a demo account for newbie traders.

For the most part, the advantages of using a binary options demo account greatly outweigh any known disadvantage. For one, demo accounts allow traders to test the trading platform, it is a way to familiarize themselves with the site features. Most platforms now offer demo accounts for free, beginners are in no way obligated to make a deposit just to figure out how a platform works.

Secondly, a demo accounts is a great tool to learn the ins and outs of binary options trading. It is where mistakes can be made, at no cost. And without risking real money. The best thing of it all is that trades are simulated, as if trading in a real-live setting, There could not be any other place to better learn how to trade binary options than thru the use of a demo account.

Demo Trading Account vs. Broker Demo at a Glance:

Be careful when you see the word ‘demo’. You can check if the site does offer demo accounts when you click on the link. If it brings you to a video tutorial instead, then look for another broker. It’s as simple as that. You can search for a list of trusted binary options brokers at yourbinary.com.

Using Google Trends to compare the interest of traders with demo trading accounts versus broker demos, we can see from the chart that a lot of the interest for demo trading accounts (blue) has been in existence from the previous years. Of course, this may be attributed to the availability of resources in the Internet as online trading started flourishing since then.

However, we can also see that the enthusiasm shown for demo accounts leave broker demos (red) by a mile. Does this mean the cybercitizens are just not that interested with what video tutorials can offer? Well, that remains to be seen.

To loosely interpret what can be inferred from the chart, it seems that attention given to broker demos seem to have risen in recent years. This is good progress as this reflects the expressed interest in broker demonstrations, which means that people are watching and are listening to what they want to say, perhaps about their platform or about trading in general.

Demo Account

Demo Account

The chart also shows a fluctuating interest on broker demos that hit all-time highs at one point, and then plunging suddenly. However, with demo trading account, interest is increasing. The periods when interest plummeted were during the tumultuous years that the financial markets were suffering a recession. And the period that there seems to be increased interest were those times that people are more focused on how they can stay afloat financially when the markets were starting to recover. They do this either by watching and reading materials about demonstrations on trading, or possibly thru practice trading.

As of late, the interest on demo trading account is more sustained. In fact, the preference for demo accounts has already reached breakout levels. The term “breakout” in Rising (under Related Searches) was used in a context explained by Google Trends as “When you see Breakout listed instead of an actual percentage, it means that the search term has experienced a change in growth greater than 5000%.”

Demo Chart

Demo Chart

It is only recently that the binary options industry is experiencing growth in exponential proportions and along with it an increasing need to create a demo account. This goes to show that they are necessary tools that will give you more chances at gaining more profits.

So, the next time you decide to trade immediately, stop and think about the benefits of a demo account before you start. You might think that it may be a total waste of time; however, no matter how many mistakes you make in a demo account you don’t have to pay for them. Plus you get to rectify your mistakes and not repeat them in real trading situations.

TraderXP – Binary Options Broker

Posted by admin on March 17, 2016

Unfortunately traderXP is not available anymore. Try IQ Option instead if you are a Trader outside of the European Union. European Traders can trade binary options with Spectre.ai.

  • Meet TraderXP:

TraderXP is an online broker that has been in operation since 2009. This online broker has been at the center of reports of a Trader XP scam but in reality, TraderXP is a leader in the industry. This online broker operates globally and offers a wide selection of trading options and special features on its innovative trading platform. Despite the negative Trader XP reviews and TraderXP scam reports this online broker is one of the top binary options brokers in the world.

Binary Options

Binary Options

  • Features of the Trading XP Platform:

Trading online with TraderXP is simple, easy and rewarding. The Trader XP platform is web-based so traders do not need to download any software in order to trade with this online broker. The well-designed, easy to use platform enables traders to perform all trading actions on a single page. Traders can easily select trades they wish to place with the options that are available at that time. There is also a list of ‘Hot Assets’ which shows traders some of the best options at any particular time. The simple design of this trading platform appeals to all types of traders – both new and experienced. There are also two trade windows that are available. The Pro Trader window allows traders to monitor 4 different trades at the same time with 15 minute expiry times. The Fast Trader window allows traders to monitor 9 trades with 5 minute expiry times.

  • Trading Options:

One Touch, Option Builder, 60 Second trades and binary options are available at Trader XP. In addition, TraderXP offers a rollover option that enables traders to move the expiry time to a later date and there is also a Double Up feature that allows traders to double their investment. These options can both be very beneficial to trader as Double Up can double profits while rollover can help in preventing losses.

  • Return Percentages and Payout:

Generally the return on investment at Trader XP will range between 65% and 75%. On standard trades the return on investment can be as high as 85% while other trades have even higher yields. For instance, One Touch trades can have returns as high as 500%. In addition, traders will enjoy some extra protection when trading with this online broker. Traders will receive a 5% to 10% refund on their investment in the event of an unsuccessful trade.

  • Available Assets:

There are a total of 53 assets available at TraderXP including stocks, commodities, currency pairs and indices. More specifically, there are 17 stock options, 20 index options, 12 currency pair options and 4 commodity options. Nearly all of the major assets are offered including a selection of global options.

  • Trading Account and Deposit Requirements:

It is free to register for an account at TraderXP however in order to participate in live trading a minimum of $200 must be deposited into the trading account. The currencies that are accepted for deposit are EUR and USD. Traders can use Western Union, credit card, wire transfer or CashU to deposit funds into their account. There is no maximum deposit limit for wire transfers or CashU but there is a $5,000 maximum for credit card deposits and a $10,000 maximum for Western Union deposits.

  • Withdrawal Requirements:

The available withdrawal methods are the same as the available deposit methods and there is a minimum withdrawal amount of $100. There is no limit on the number of withdrawals that can be made per month despite what the reports of TraderXP scams have said. In order to withdraw from a trading account, Trader XP requires proof of identity. This is standard practice and it is used to prevent fraud and identity left. In addition, SSL encryption technology is used to protect the transmission of sensitive financial information.