What does it mean to be a position trader in forex trading?

A position trader trades in large quantities, typically holding their positions for a long time. This type of trading is often used by those looking to make significant gains in the forex market, as they buy and sell many currency pairs over an extended period.

Why use position trading?

There are several great reasons why traders might choose to use position trading. One reason is that it allows the trader to take advantage of long-term trends in the market. Another reason is that this type of trading can help the trader minimise their risk exposure, as they are only required to make one trade at a time.

How to position trade

There are a few things that traders can do to position trade successfully. One of the most important things is to have a good understanding of both fundamental and technical analysis, which will help you identify potential trading opportunities and pinpoint when it might be best to close your positions.

Another critical aspect of position trading is money management. You need to have a solid risk-reward ratio when entering into each trade, and also make sure that you set appropriate stop losses and take profits for each position you open.

Ultimately, suppose you want to be successful as a position trader in forex. In that case, it’s essential to consistently monitor your trades and make sure that they are working in line with your original plan. 

Several vital factors define a position trader in forex trading

Positions traders place larger trades

First and foremost, position traders typically place larger trades than your typical day trader or short-term investor. They have more capital at their immediate disposal and take longer-term views on market movements. They must be willing to ride out periods of volatility that can sometimes last for weeks or months before profits materialise.

Position traders use risk management techniques

Another essential characteristic of a position trader is using proper risk management techniques. Position traders understand that market movement can be volatile, which means they need to take on a certain level of risk to reap the potential financial rewards. 

Position trading can be very profitable

Position trading can be a very profitable strategy if you know what you’re doing and have sufficient capital. Position trading requires a great deal of discipline and patience, but those who can master this trading style can make significant gains over time by taking advantage of long-term trends in the forex market.

Advantages of positions trading

There are several advantages of position trading, including:

  • You can take advantage of long-term trends in the market by holding your positions for extended periods 
  • Position trading can help you to minimise your risk exposure, as you are only required to make one trade at a time 
  • This trading style can be very profitable if you have a good understanding of both fundamental and technical analysis.

Disadvantages of position trading

There are also a few disadvantages to position trading that you should be aware of, including:

  • You need to have a large amount of capital available to place trades in this manner 
  • Position trading requires a great deal of patience and discipline, as you need to wait for long-term trends to play out before taking profits 
  • There is also a greater level of risk involved in this trading style, as you are exposed to potential losses for an extended period.

Summary

If you’re thinking about position trading in forex, it’s essential to weigh the pros and cons before making any decisions carefully. This trading style can be very profitable, but it’s not without its risks. Make sure you understand what you’re getting into before putting any money on the line. We recommend contacting an experienced and reputable online broker such as Saxo Bank before trying your hand at position trading. Trade on the Saxo demo account and practise different trading strategies before investing real money.

What is a personal loan?

Introduction

Today, an increasing number of people are applying for Personal Loans to meet their larger expenses. One of the reasons for the significant rise in the growing popularity of Personal Loan is that being an unsecured loan, it does not require any collateral and the processing time is quick. You can easily avail of a Personal Loan from any bank or a non-banking financial company of your choice. With the advent of the online services offered by financial institutions, you can get the money within 48 hours.

What is a Personal Loan?

A personal loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession, and credit history. A personal loan, which is also known as a consumer loan is a multi-purpose loan, which you can use to meet any of your immediate needs. It is good at personal loan in jurong east

What are the benefits of availing a Personal Loan?

  • Unlike other types of loans like Home Loan or Gold Loan, where you must provide several documents, Personal Loans require minimum documents and the approval process is quick.
  • With various financial institutions offering Personal Loan online services, the loan amount is disbursed within a few hours provided the lender is convinced of your repayment capacity.
  • Another significant feature of a Personal Loan is that the lenders offer you the flexibility to choose your loan tenure. Usually, Personal Loan tenure ranges from one to five years. So, you can select the loan term based on your repayment capacity. You should opt for a shorter loan so that you can save on the interest payment and repay the amount faster.

What is the maximum amount that you can borrow?

The maximum amount that you can avail of depends on your income level, your profession, and the lender’s assessment of your loan application. Generally, the lenders sanction the loan based on their calculation, so that the EMI is not more than 40% – 50% of your monthly income. Also, the lenders consider if you have any dues while calculating the loan amount.

If you are a business owner or self-employed, the lender will determine the loan amount based on the profits earned and recorded in the profit and loss statement. If you are a salaried professional, the lender will determine the amount based on your salary and other liabilities.

Conclusion

Now that you know about Personal Loans, you can compare the loan offers from different lenders, apply for a Personal Loan online, and get the amount you need to meet your expenses.

Money Lending in Singapore – An Overview

Consider other options, such as the different financial aid initiatives offered by various government organizations, before visiting a moneylender. You can contact the agencies to learn more about their programs.Click here to become good at personal loan in ang mo kio.

Any loan contract you sign with a licensed moneylender is legally binding on you. Consider whether you can meet the contractual terms in light of your income and financial responsibilities. Borrow only what you need and can return. Keep in mind that if you are unable to meet the contractual conditions, the late payment fines and interest payments will put a financial strain not only on you but also on your family.

Moneylenders are required by law to explain loan terms to you in a language you understand and to give you a copy of the loan contract. Make certain that you thoroughly comprehend the contract’s conditions, particularly the repayment plan, interest rate, and fees.

Before committing to any contractual term that allows a moneylender to lodge a caveat on the sale revenues of your real estate property in the event of loan repayment default, think twice. When a caveat is registered against your property, you will be unable to sell it until you first repay the moneylender in full. If the payback is deducted from the net proceeds of the property’s sale, it can wipe out all or a significant portion of the proceeds.

You should shop around for the best terms from various moneylenders. You should not hurry into or commit to a loan until you are completely pleased with the terms and conditions. You can get a loan of any amount with secured loans. The highest interest rate that moneylenders can charge is 4% per month as of October 1, 2015.

If a borrower fails to repay the loan on time, the highest late interest rate a moneylender can charge is 4% per month for each month the loan is not repaid on time.The amount of principal remaining after deducting from the original principal the total payments made by or on behalf of the borrower that is appropriated to principal must be used to compute the interest payable on the loan.

These are a few of the tips and methods for money lending in Singapore. We hope it could give you a proper insight of financial regulations in Singapore.

PrimeXBT: A bitcoin-based margin trading platform with a lot to offer (2021 review)

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PrimeXBT is a Bitcoin-based multi-asset margin trading platform that, while built on the foundations of the traditional market, is geared towards diversifying advanced trading tools, instruments and products.

The platform allows its users to operate with more than 50 trading pairs, with leverages that can reach 100x in Cryptocurrencies and up to 1000x in other trading instruments, 24 hours a day.

This large number of trading instruments, as well as its high leverage, makes it stand out from many similar platforms with more time in the market such as Binance or Bitmex.

It is important to note that, when choosing a trading platform like this, there are many variables that we must take into account, since not only the variety or quantity of products and instruments guarantee their quality and effectiveness.

Next, we will review this platform and discuss the advantages and disadvantages of trading with it.

PrimeXBT Overview

PrimeXBT is a margin trading and trading platform, founded in 2018 in the Seychelles Islands, which also has offices in Saint Vincent and the Grenadines and Switzerland. It enables its users to trade with leverage in Bitcoin, other cryptocurrencies, and a wide variety of traditional financial instruments ranging from currency markets to precious metals.

In addition, it offers its users other elements including its friendly interface, a simple registration process (not KYC) that only requires an email, multiple languages ​​(including Spanish), high levels of security, very low commissions and a great liquidity.

Recently PrimeXBT was voted the best Bitcoin margin trading platform in the ADVFN International Financial Awards 2020, it was also awarded as the best cryptocurrency trading application and the best Forex and Cryptocurrency broker.

Trading tools

PrimeXBT has a set of trading tools and features that make it a high-level and competitive option, supported by elements such as high leverage, risk management tools, and much more.

The platform offers 100X leverage on Cryptocurrency trading pairs such as Bitcoin, Ethereum, Litecoin, Ripple, and EOS, as well as up to 1000X leverage for the currency markets (Forex), stock indices, and commodities.

Additionally, the platform allows you to place advanced Stop Loss, Take Profit and OCO orders, to adjust our trading strategies and at the same time manage risks without neglecting profits.

It also features charting tools such as trend lines, support, and resistance, multiple technical analysis indicators such as the Relative Strength Index, Ichimoku Cloud, MACD, and Williams Alligator, and integrated charting software.

The fact that the platform allows the opening of both long and short positions makes it possible for its users to obtain profits regardless of whether the market is high or low.

Instruments

While the central focus of the platform is Cryptocurrency trading, it also offers its users the ability to trade a varied list of traditional assets such as currencies, commodities, and stock indices.

These are the instruments and trading pairs that can be traded on PrimeXBT:

Cryptocurrencies

Bitcoin, Ethereum, Waves, Litecoin, EOS, and Ripple.

Pairs: BTC / USD, ETH / USD, ETH / BTC, LTC / USD, LTC / BTC, XRP / USD, XRP / BTC, EOS / USD, EOS / BTC

Currency markets

US Dollar, Euro, Gold, Silver, Australian Dollar, Canadian Dollar, British Pound, Japanese Yen, Turkish Lira, New Zealand Dollar, Singapore Dollar and Russian Ruble.

Pairs: AUD / CAD, AUD / CHF, AUD / JPY, AUD / NZD, AUD / USD, CAD / CHF, CAD / JPY, CHF / JPY, EUR / AUD, EUR / CAD, EUR / CHF, EUR / GBP, EUR / JPY, EUR / NZD, EUR / SGD, EUR / USD, GBP / AUD, GBP / CAD, GBP / CHF, GBP / JPY, GBP / NZD, GBP / SGD, GBP / USD, NZD / CAD, NZD / CHF, NZD / JPY, NZD / SGD, NZD / USD, USD / CAD, USD / CHF, USD / JPY, USD / RUB, USD / SGD, USD / TRY, XAG / USD, XAU / USD

Commodities

WTI Crude Oil, Brent Oil and Natural Gas.

Stock indices

Dow Jones, Germany 30, Europe 30, NASDAQ, France 40, Spain 35, S & p 500, Nikkei 225 and Australia 200.

This great diversity of instruments reflects a point in favor of PrimeXBT over its closest competitors such as ByBit or Binance, which despite managing multiple instruments do not have a variety of options to trade as diverse as this, despite the fact that in the section cryptocurrency exchange Binance has more pairs to trade.

Deposits and Withdrawals

The PrimeXBT platform is based on Bitcoin, so all deposits are made with this currency and can be from 0.001 BTC. This makes the deposit process much easier by only requiring you to send the funds to the platform’s wallet, where with two confirmations you will already credit the amount.

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Likewise, the withdrawal process is quite simple due to the use of BTC and only the address of the wallet that will receive the funds must be entered. The platform allows you to make a withdrawal per day, which is processed from 12 to 01 pm GMT and its commission is 0.0005 BTC.

Any withdrawal requested before 12 pm GMT is processed that same day. Likewise, any withdrawal request made after 12pm GMT will be processed the next day.

Since PrimeXBT uses hot wallets for immediate withdrawals, withdrawals for large amounts may take some time, as they may not have the amount in them and must withdraw from their cold wallets to complete the operation.

Commissions, Fees and Limits

The platform handles only two types of commission, per operation and overnight financing. The latter is applicable to leveraged operations that are kept open at night. Thus, if a user opens and closes a position with leverage during the day, he would only have to pay the commission per operation.

The fees for operations with Cryptocurrencies are 0.05%. Those of other instruments such as stock indices, raw materials or metals are 0.01% and those of currency markets or FOREX are 0.001%.

Privacy & Security

PrimeXBT has banking-level security protocols that guarantee the security of its users’ funds. It uses Cloudflare to protect against DDoS attacks, SSL encryption that encrypts all information sent to the platform, two-factor authentication, and address whitelisting.

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To store user passwords, Prime XBT claims it uses the “Bcrypt” algorithm, which prevents reading them even if a hacker had access to the exchange’s servers.

The vast majority of the platform’s funds are stored in cold wallets, which because they are offline represent an additional security measure. The hot wallets used by PrimeXBT are used for withdrawal operations and immediate payments, so the funds in them are limited.

On the other hand, in case of moving funds from a cold portfolio to a hot one, the authorization of several people will be needed, since they have a multi-signature access system.

Because the platform is non-KYC and does not require detailed personal information in its registration process, there is no risk of exposing the identity of users of the platform.

PrimeXBT Turbo

Recently PrimeXBT launched a new trading option called PrimeXBT Turbo, a Bitcoin contract that offers a binary options-like experience with greater speed and simplicity.

This product allows users to choose between upload or download contracts, with durations of 30 seconds, one minute and five minutes. While this option allows the profits of its users to multiply quickly, it also offers a high potential risk of loss.

Users can try PrimeXBT Turbo through the use of a demo account with 1 BTC, to trade without any risk and put this new product to the test.

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Covesting Module

Another of the most recent PrimeXBT innovations is its new Covesting module, a product that is the result of the partnership between the financial software company Covesting and PrimeXBT that allows copy trading.

Copy trading allows inexperienced users to connect with experienced traders as followers. Then, they can copy the strategies and operations carried out by the expert traders, creating a kind of beneficial synergy for both, since the expert trader will get a percentage of the profits from his followers.

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Followers will be able to trade with any experienced trader and strategy of their choice, based on the statistics supplied daily by PrimeXBT and even get a percentage of the profits generated by the creator of the strategy.

It should be noted that even an expert trader can generate losses, so it is important to be careful and attentive to the use of risk management tools when trading.

Mobile app

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For users who want to review and carry out their operations from anywhere without depending on their computer, PrimeXBT developed its mobile application for Android and IOS.

This application offers functionality very similar to that offered in its traditional version of a web browser. It allows a comfortable management of the accounts and an easy execution of the operations. However, the first and most comfortable option to operate is the web version of the platform.

Support and Customer Service

PrimeXBT has a customer service and support system that is available 24 hours a day, 7 days a week. Here, users can access multiple options such as live chat, email, and help desk.

It also has an extensive library of tutorials, video tutorials and trading guides, an innovative Telegram Bot that allows its users to get up-to-date information without having to log into their accounts.

Referral program

PrimeXBT has a four-level referral system that allows its users to obtain additional income from the commissions generated by the trading of their referrals. In addition, it has created a CPA referral program where people with high influence and followers, youtubers, influencers or webmasters can obtain even greater benefits.

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Interested users have an easy-to-share reference link and allusive material to promote the process.

Advantages and Disadvantages

Among the main advantages of using PrimeXBT are:

  • Wide range of financial instruments. Being able to trade both crypto and traditional markets with a wide variety of instruments is definitely PrimeXBT’s main distinction.
  • Anonymous accounts. The simple registration process without KYC protects the privacy of users.
  • Security of funds. The platform provides strong banking-level security procedures to its users.
  • 100x leverage in crypto. While leverage enhances profits, it also does so with losses, so caution in its use is highly recommended.
  • Tools for trading. A robust offering of graphical and risk management tools makes trading easy for newbies and professionals.

The main disadvantages of the platform are:

  • Recent creation. Despite its good reputation in the market, it has only been in operation for two years.
  • No client for PC. This prevents your users from operating without using the web browser.
  • No API functionality. Prevents users from programming their own bots or algorithms for automated trading.
  • Restrictions on use. It cannot operate in some countries such as the United States, Canada, Israel, Japan, Algeria, Ecuador, Iran, North Korea, Sudan, and Syria.

Conclusion

PrimeXBT is a solid and very complete platform that offers a wide variety of instruments to trade. It allows its users to diversify their operations, hand in hand with an easy-to-use interface, offering advanced and even professional tools.

Its high leverage and competitive rates, added to its advantages outlined above, make it an excellent option for any user, whether novice or professional, and these in turn make it stand out from its closest competitors.

A Little Even More Concerning Automated Organization

Internet Video camera timestamp sustained to avoid friend strike in/out. It permits you to limit your workers to clock in/out just from specific computer systems or networks. Open Up Time Clock is an online time clock software application for staff member time monitoring. Taking care of staff members’ time and also participation using monitoring software program enhances the record, precision as well as efficiency maintaining self-confidence of a business. Time is a cost-free income calculator that transforms an income in between its per hour, biweekly, monthly, as well as yearly quantities. Free Strategy – Take a free, permanent strategy with limitless supervisors as well as workers. Likewise, you can take a complimentary thirty days test of the paid strategy. It is vital to maintain in mind that some blunders can be dealt with cost-free, yet a down payment slip can be just readily available after you spend on it. If you do not satisfy any one of the requirements for non-payment over, after that, you are among the several Americans that require to pay projected quarterly taxes-read on!

The dining establishment pay stub theme has columns for cash, bank cards, and assigned ideas. It permits you to quit pal boxing and also control where as well as when workers appear. Accessibility Control – Develop a listing of the allowed areas to stay clear of staff members appear from the house. Accessibility from any gadget – You and your workers can access computer systems with Windows, Linux, Mac OS, or Google Chrome OS. Likewise, the software program can be accessed from Android, iphone, Windows, and also Blackberry smartphones, tablets, and also pads. Easy Clocking is a time and a presence software application relied on by over 50000 business to automate their staff member presence. Gain access to from Anywhere – Accessibility anytime, anywhere, as well as obtain instantaneous real-time understandings to handle your business’s time participation information successfully. Mobile Application – The mobile application permits you to easily track staff member time if you are far from your computer system. Keep in mind that the calculator outcomes are based upon the minimal details caught.

We identify the value of having the ability to give you an easily offered pay-roll calculator that is personalized to your demands. You can likewise export the records to pay-roll and the Human Resources software program, or they can be exported to Excel. You can do this by taking advantage of the established pay-roll software application to do the tasks. Complete Records – Obtain pay-roll records, timesheet records, Set up records, PTO records, and staff member call records. It is developed for company proprietors, pay-roll specialists as well as accountants to track worker’s schedule, time, and free paycheck calculator also lack. Effective Coverage – Obtain a variety of payroll records or produce your very own customized records. Canadian pay-roll and also contract out pay-roll. Prices – The rates strategy will certainly cost you $200/year or $30/month. Army retired life calculators vary based upon armed forces retired life strategy suitable to a specific person. Prices – The prices strategy begins at $12.95 each month for endless customers. Not every person will receive financing.

Bailout

What is a ‘Bailout’

A bailout is a scenario in which a service, an individual or a federal government offers cash to a stopping working service to prevent the effects that arise from business’s failure. Bailouts can take the type of loans, bonds, stocks or money. They may require repayment. Bailouts have generally happened in markets or businesses that are viewed as no longer being feasible or are sustaining big losses.

BREAKING DOWN ‘Bailout’

Normally, business in need of bailout use a great deal of people, leading some people to believe that the economy would be not able to sustain such a huge dive in unemployment if business folded. Bailouts are usually just considered for business or industries whose bankruptcies might cause a severely negative effect to the economy as an entire, and not just to the market.

Financial Market Bailout

Among the biggest bailouts in history was the one used by the U.S. government in 2008 to many of the biggest banks in the world that experienced severe losses resulting from the collapse in the subprime mortgage market and resulting credit crisis. Banks, which had been providing an increasing number of mortgages to debtors with low credit report, experienced enormous loan losses as much of these mortgages entered into default.

Automobile Industry Bailout

Throughout the 2008 financial crisis, automakers such as Chrysler and General Motors required a taxpayer bailout of their own to stay solvent. High gas costs at the time led to plunging sales of these business’ SUVs and larger cars. The difficulty in getting car loans throughout the monetary crisis further hindered car sales. While intended for monetary companies, the 2 car manufacturers ended up drawing roughly $17 billion from TARP to survive. In June 2009, both Chrysler and GM emerged from insolvency, and they remain amongst the larger vehicle producers today.

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