Archive for: January, 2024

Some economic indicators you can consider while Trading Forex

Jan 18 2024 Published by admin under Uncategorized

There are technical tools and fundamental tools which help in analysing the trade in the forex trading. Most of the traders make use of them, but somewhere to harvest most, you require to learn other concepts which affect the price of the currency. Here we have compiled the list of top economic indicators which you can consider while making the trading decisions.

1) Economic indicators

Economic indicators refer to the report or data issued by the private or the government organisation which reflect the economic performance of the country’s currency. The economic information is the key instrument through which one can directly estimate the economic health of the county. But always remember that there are some other political factors which too affect the financial performance of the nation.

2) Gross domestic product or GDP

GDP refers to the total value of products and services produced in a boundary of the country during a given financial year. It is also regarded as the primary tool to measure the economy of a country.

The figures for GDP acts as a lagging indicator. Most traders pay attention to two reports issued in the months before the final gross domestic figure data releases. These are the preliminary report and the advance report. Notable revisions of these reports can lead to considerable volatility.

3) Retail Sales

The retail sales data keeps the track and estimates the total financial receipts of all retail stores in a provided country. This report is prepared by collecting several samples from retail stores throughout the country. Traders can use this to anticipate the performance of most vital lagging signals and to assess the instant direction of the economy. Revision of this retail sales report helps in causing significant volatility. One can also compare the sales movements of a publicly-traded firm with retail sales reports.

4) Industrial production

This report reflects a variation in the production of mines, utilities and factories within a country. It also brings out its utilisation capacity. It is the degree to which the capacity of the factory is used. It is suitable for a country if the production increases while being at its zenith or near-maximum capacity utilisation.

5) Consumer price index (CPI)

The consumer price index estimates the variations in the cost of goods across 200 distinct categories. When we compare this report with the total national export, then we can see if the nation is losing or making capital on its goods and services. Stay vigilant and monitor the exports. It is because this is the famous focus with many investors as the cost of exports generally varies concerning currency’s weakness or strength.

How to start trading with a suitable broker?

The process of opening an account with an authentic financial service provider is simple and instant. You just need to follow these four simple steps:

1) Visit the site of the broker and check the URL precisely. There are various fake firms around in the forex market. Always remember that no two websites have the same URL. Their design of counterfeit and authentic can be the same but URLs are always different for a different website.

2) Get yourself registered with the broker. You will have to enter your name, surname, profession, email id and phone number

3) The next step is uploading the required documents. It includes identity proof such as passport and national id, addresses proof such as bills and financial and bank statements (not older than six months)

4) Choose the trade you wish to pursue and deposit the amount for the same.

Follow the steps provided above to open an online trading account with a financial service provider. Remember to stay away from the fake ones.

There are sundry brokers around the world but finding the authentic one is a difficult task. We have found the best for you. TradeATF is a legitimate financial service provider regulated by the Cyprus Securities and Exchange Commission. The minimum deposit to start trade with the broker is $250 with zero commission on the trade.

The Bottom Line

Trading in forexis not a simple job. It requires expertise in reading charts, graphs, understanding statistical data and making their use while making decisions. The charts and graphs are made by analysing the economic condition of a country and impact on a particular currency. The article covered all the economic indicators, reports and indexes which one should check on their part despite relying entirely on others.

Comments are off for this post

Little Known Ways for Wealth Management

Jan 18 2024 Published by admin under Uncategorized

1. Know your real worth

This is the first step to create a solid financial plan for yourself. When you know your net worth, you also know your assets and liabilities. It offers you a snapshot of your financial position at a given point in time. Knowing your net worth allows you to confront the realities of your current financial situation. A review of your net worth helps determine where exactly you stand. It shows you the path of where you want to go in terms of personal finance. It also gives you a wake-up call if you are not heading in the right direction. If you have trouble determining your net worth you can always consult a mutual fund advisor in India online or offline depending on your convenience.

2. Spend less than your income

It sounds like very old advice, but as they say, old is gold. To create wealth, you must have surplus funds to invest in the market. You should not simply exhaust all of your monthly income on pleasure instruments. We are not suggesting you be overly frugal, but have a cautious approach while spending your hard-earned money. Keeping track of your monthly budget is an excellent way to start.

3. Invest wisely with proper knowledge about the product

You need to have leftover funds to invest in. However, there are so many schemes and products on the market to invest in. Do not gamble your hard-earned money on products that are difficult to understand. Decent quality of assets can offer you capital growth as well as income. You need to consider your risk limits before investing in any financial instrument. It is recommended that you should speak to a wealth management company in India for an organized wealth management plan.

4. Don’t put all your eggs in one basket

This is an old saying, yet it is very appropriate while investing. You need to keep a standard variation in your asset allocation. Diversification of your investments has three key advantages:

It minimizes the risk in your investments with diverse asset allocation.
It helps you to preserve the capital and protect your savings.
It removes the dependency on one source of income and helps you generate returns through other investment channels.

5. Be patient

Investments are always subject to market risks. It is important to not panic with the slightest fluctuations in the market. You need to trust your investments, have patience, and give them time so that it can settle and mature. Patience will ensure that you get the best returns for your investments. In case of market fluctuations or when you are worried about returns on investments, it is advisable to speak with your financial advisor before arriving at any hasty decisions. Always remember, volatility is an integral part of any investment and can be tackled with patience.

6. Monitor your investments periodically

Patience is good for any investment. However, only patience will not help you generate great returns. You need to keep a regular tab on all your investments. It will allow you to find out which investments are performing and those which are not. It will help reshuffle your asset allocation, to get the best returns over a period of time.

7. Be safe, be insured

You can never be sure of what life has planned for you. It is imperative to have proper insurance cover while creating wealth. People purchase insurance to save taxes or as an investment or both. However, you mustn’t mix your investments and insurance. First, you need to have the proper coverage that will take care of your family and you in case of any emergency. Next, choose those insurance policies such as endowment or child plans that will help you reach your financial goals. In the end, buy plans such as unit-linked insurance policies (ULIPs) that will help you create wealth.

8. Plan your taxes

One thing is certain in finance: taxes will never go away. The rules, regulations, and tax brackets will change according to time, however, taxation itself will remain. It keeps affecting your finances in every aspect. You need to have a strong approach in terms of dealing with taxes. Don’t wake up when it is the final week of filing your returns. Plan your taxes well ahead. Consult with a financial planning advisor who will guide you to make the necessary investments that will provide you a tax benefit. Planning your taxes will not only save you from the chaos and hasty investment decisions, but it will also help you save money.

9. Plan for retirement

Retirement planning is an important part of your wealth management plan. You have to make sure that all the wealth creation ideas must be in line with your retirement too. You need to invest in such a way that even after your successful professional life, you can have a steady source of income and continue building up wealth. You can also avail of certain tax benefits. More importantly, you will have that peace of mind that you were always looking for!

Comments are off for this post

Reach Influential Professionals from Corporate with Responsive Finance Mailing List

Jan 18 2024 Published by admin under Uncategorized

Suppose you are looking to reach independent planners or the CEO of an investment firm. In that case, the Finance Mailing List updated by DataListsGroup contains the data, finance marketers need for a successful direct marketing campaign.

There are around one million financial institutions in the United States. Targeting the perfect audience in a sea of financial corporations is the core to yield a better ROI from marketing campaigns.

DataListsGroup makes it effortless for the marketers to create the marketing campaigns with the organized Finance Mailing List. They provide mailing lists according to the client’s needs.

The finance mailing list covers banking solutions, financing, financing advisory, insurance, banking professionals, senior management in financial services, brokerage, and mutual fund providers, investment bankers, insurance professionals’ investments that hold the record of

49,871- Finance mailing list
33,917- Banking industry mailing list
26,340- Credit union mailing list
6,526- Hedge fund email list
7,532- Email list of commercial banks
The finance and banking mailing database consists of a complete form of 603,532 email addresses of finance and banking industry professionals.

The List of Financial Services Companies in USA empowers marketers to target credit unions, banks, and savings institutions that render checking and savings account services and purchase products for operation.

With the profoundly responsive finance industry mailing lists, businesses can reach the most influential professionals from corporate to middle management, working in banking, investment firms, credit unions, loan and mortgage brokers, securities, and stock exchanges.

The mailing list helps reach the right accounts based on search criteria, including industry, location, company size, title, and more. Finance marketers can connect with top financial professionals and real decision-makers from various economic sectors and management levels, including CPAs, chartered accountants, CFOs, investment bankers, insurance advisers, bankers, financial intermediaries, wealth management professionals, stockbrokers, and many more.

Marketers are offered a pre-packaged and customized List of Financial Services Providers, banking and finance professionals’ email addresses, and a financial services contact database.

You can market to professionals working in the finance and banking industry using the finance mailing list. Financial professionals are always interested in products and services that develop their financial knowledge and implement resources that efficiently and expertly execute their work. These decision-makers are incredibly active to offers including investment materials, hardware/software, industry related subscriptions, seminar/webinars, office supplies, travel, business card, financial services, mobile, surveys, electronic gadgets, and more.

Today’s market has become commonplace for attracting a number of service providers. But DataListsGroup is offering verified and authentic database to accomplish the required business goals.

Comments are off for this post