Crucial Things to Consider When Choosing a Forex Broker

Getting started with forex often involves forcing your way through a minefield.  There are so many forex brokers out there, each claiming to be the best, that it can be impossibly daunting to know which one to choose.  This is especially true if you don’t know what you should be looking out for.  In this article, we’re going to list some of the key considerations, which should, hopefully, help make your decision easier.

1. How Secure the Platform Is

The most important thing to consider when choosing a forex broker is how secure the platform is.  After all, you’ll be trusting them with your money, and you want to ensure that it is fully protected and easy to withdraw when you want it.  Fortunately, it’s not hard to check how legitimate a forex broker is.  Each country has regulatory agencies that separate the frauds from the trustworthy.  In the United States, this is the Commodity Futures Trading Commission and the National Futures Association, and in the UK, it’s the Prudential Regulation Authority and the Financial Conduct Authority.

2. The Deposit and Withdrawal Methods on Offer

A good forex broker will let you deposit and withdraw your funds without hassle.  There are many out there, though, that make depositing money easy, and then make it extremely difficult to withdraw your funds.  These are the brokers you want to avoid.  A broker really should only be there to hold your money and make trading easy, so those who do kick up a fuss or have withdrawal limits in place are not worth investing with.

3. The Transaction Costs

No matter what type of currency you want to trade, you’ll have to pay transaction costs in the form of a commission or a spread.  These can be quite high if you perform a lot of transactions or high-value transactions, so it makes sense to work with a broker that offers low rates.  Sometimes, however, you will need to sacrifice the transaction costs in order to work with a reliable broker.  It’s all a matter of weighing up your options and picking the best one for you.

4. How Easy the Trading Platform is to Use

As a new forex trader, you’ll want to work with a broker that has an easy to use an understand trading platform.  Does it provide you with all the information you need to make informed trades?  Does it provide you with charts and analysis?  What about news?  A website like InvestinGoal (which you can find at https://investingoal.com/) can help you separate the good from the bad as they review the top broker platforms based on numerous different criteria, helping you to make a decision on who to trade with based on your needs.

Forex trading can be a great way to make some extra money and get a greater insight into the financial markets around the world.  However, it’s vital that you choose a good forex broker to facilitate this.  The above four factors should all be considered before choosing a platform.

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5 Singaporean Brands Turned International Success

As flowers bloom in a humble garden, so does these homegrown brands. Five local brands refined its roots and flourished its branches all over the world. Their innovation and evolution should make you proud that they were from the little red dot!

TWG

Solidified in our history is Singapore’s rich background in tea trade. Its close proximity with tea-growing Asian countries led to the eventual boom of a local tea brand called TWG. The founders of TWG, Manoj Murjani and Taha Bouqdib, met by chance in Paris. They fused Murjani’s experience in high-end fashion and Bouqdib’s expertise in tea to create the luxury brand TWG Tea.

Tea enthusiasts and alike consider TWG as their go-to brand for quality tea. Not to mention, it is served in premier hotels and front cabins of Singapore Airlines. It quickly rose to prominence worldwide in 2009 when it sold 650 tons of tea. The brand expanded to the US markets with the help of Dean & Deluca and to the UK markets with the help of Harrods.

CHARLES AND KEITH

It all started when siblings Charles and Keith Wong helped out at their parents’ shoe shop in Ang Mo Kio. As business became slow, their mother closed up the store. A tenacious and hard working Charles Wong did not give up! He managed to turn things around in 1996 when he opened the first Charles and Keith store at Amara Shopping Centre.

To stay relevant, the brand offered other products such as bags and accessories. It later launched a footwear line exclusive for men – the Pedro. Moreover, it became the first to have an online shop in Singapore. Talk about being at the forefront!

TIGER BALM

Whenever I experience dizziness or muscle soreness, I usually turn to my go-to ointments such as Tiger Balm. Most of our grandparents are advocates of this balm to use for almost any ailments under the sun!

As years went by, they grew into a brand with a range of formulations. Tiger Balm offers back pain patches, medicated plasters, medicated sprays, mosquito repellents, and lavender-scented Tiger Balm Soft. This local brand knows that a way to a modern man’s heart is evolution!

BREADTALK

Most of us know that the international bakery with a distinctive orange logo was founded in Singapore. I cannot imagine living a life without BreadTalk’s Hokkaido Chocolate Dome! It is addictively sweet and filling. All these were possible due to brainchild George Quek.

George’s entrepreneurial journey began in Taiwan as he sold dragon beard candies. Years passed. He saw the potential of making bread a lifestyle concept in Singapore, where neighboring bakeries offer the same items. So, he founded a revenue-generating enterprise named BreadTalk Group in year 2000. BreadTalk bakeries presented a unique selection of breads in a sleek fashion. It revolutionized the local food and beverage industry.

Following BreadTalk’s success, George has continued to dish out new concepts such as Toast Box, Food Republic, and Din Tai Fung. The later was one of his biggest challenges as it took the company to an international level! What I like most about George is that he remains humble by saying they: “are learning every day to make the concepts of the BreadTalk Group a continued part of our consumers’ lives, by evolving our concepts and products to ensure they are always creative, engaging and relevant to the times.”

OSIM

When founder Ron Sim was asked about the origins of his brand, he said that “SIM” came from his surname and “O” came from the shape of the globe. He envisioned that Osim International will spread worldwide and it came true. It is a specialized retailer of home health care products spanning from one shop in 1986 to over a thousand shops in the present.

Image Credits: pixabay.com

What started out as a rebound from the 1985 recession, Osim International became a reputable wellness success. Ron attributes his brand’s expansion to having consolidated products manufactured by different companies under the Osim International brand. He even sells these products at retail-giant Amazon. Furthermore, Ron spares no expense to raising the brand’s profile by casting internationally known celebrities such as Chinese actress Gong Li and Hong Kong actor Andy Lau in their campaigns.

Sources: 1 & 2

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5 Qualities of a Reliable Personal Loan Lender in Singapore

Nowadays, it’s easy to find a personal loan lender that can give you the financial boost that you need. However, not all Singaporean lenders have the same policies and attitudes. Some lenders are invariably better than others. To find an exceptional lender, you can benefit from a list of qualities to look out for.

Here are the Top 5 qualities of a personal loan lender in Singapore

Empathy

You may think that empathy is reserved for humans and some animals. But on a greater scale, empathy is a quality practiced by organizations, groups, and affiliations. Lenders are included among these categories. An empathetic lender doesn’t have to ‘feel’ your pain, but he must be willing to understand your situation if ever you cannot pay on time.

Of course, as a borrower, it is your primary responsibility to repay the loan without fail. Still, some life situations are uncontrollable and your finances might be affected. By looking for an empathetic licensed moneylender in Singapore like Cash Mart, you will definitely have a better time.

Excellent Customer Support

Every sector in the world today needs a reliable customer support platform. Without such platform, a company or organization will lose the trust of clients. A lending company’s customer support platform can be measured by its response speed and on-point assistance.

If a lending company keeps you waiting for nothing, dump it immediately. You are a customer or client who needs to be assisted as soon as possible.

To find the best lender with excellent customer support, you have to rely on reviews. You can find these reviews on social media pages, directories, online lists, and other community channels.

Be diligent about scouring for reviews because they are the main determiners of finding a lender with excellent customer support. You can even get a head start by gathering opinions from your friends and relatives.

Fast Transaction Process

Time is very important in this fast-paced world. A lender that doesn’t value your time shouldn’t be included in your list. Apart from customer support, the lender must have a swift transaction process that takes less than 24 hours.

If you’re certain that your credit status is okay, the personal loan lender should give you pre-approval right away. Keep in mind that transaction processes differ; bigger and more complex loans take a longer period for approval. Some of these complex loans are small business loans, corporate loans, auto loans, and other credit programs.

To find a lender with a fast transaction process, check out Facebook pages. Very likely, satisfied and dissatisfied borrowers will leave their remarks on a lender’s page. This is a great source of information that can help speed up your search.

Rewarding for Borrowers

Great lenders know how to extend their positive will and appreciation through rewards and special treatment. While lenders are not obligated to offer special rewards or incentives, doing so can make a huge difference.

Having rewards is a clear indicator that the lender is ready to go beyond the call of duty to serve the borrowers.

Aside from looking for lenders that offer rewards and incentives, you should figure out the types of rewards that they are doling out. Some lenders offer fees that will go down significantly depending on your credit score and reputation.

If you are a good payer, the lender might be considerate enough with the fees. To maximize your time and options, look for rewards that match your financial priorities.

Reasonable Fees

No sane borrower would want a loan that has outrageous interest rates and service fees – unless there’s a future bargain to be made. Paying back a loan is already a difficult ordeal. You don’t have to make it harder by securing high-rate loans!

So, you should bear this quality in mind: reasonable pricing. The lender needs to make money, but it doesn’t need to drain borrowers further. In order to find such a lender, you may need to analyze a directory of the most active lenders in your area.

Start comparing their rates and figure out which one is a great fit for your budget. Small business owners are also great sources of information. There’s a big chance that these entrepreneurs have applied for loans with acceptable fees. It wouldn’t hurt to ask them at all.

A Gentle Reminder

The aforementioned qualities are great points to consider, but you should also take a glance at hard data. You can find streams of data from social media, forums, and other communities. By combining reviews and raw numbers, you might be able to find the best payday loan in Singapore that matches your expectations.

Conclusion

It’s always beneficial to look for a lender that has the mentioned qualities. Consider the qualities as positive flags that will help you separate the best lenders from the not-so-good ones. Once you’ve pinpointed a lender that practices positive qualities, it’s time to send your loan application over!

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Your strategies will save the business from ruining

As a retail trader, the Forex trading business will not let you perform properly. There will be a lot of fundamentals needed for the right approach to the trades. You may have to learn about doing the right kind of analysis. It will be actually needed for the right performance in the business. There will be a different style of analogy for the signals. You may have to think about the proper technical analysis. Then there will be some sort of research needed in the economic related information. Then the traders will also have to think from their experience of the business and the markets. With all of that, there will be good signals into your trades. Even then, there will not be proper management of the trades. There are more than what you will get in the market analysis. We are talking about proper risk to profit margins. The traders will have to think about placing the stop-losses and take-profits based on that ratio. So, all in all, you will have to make plans and strategies for your business. Today, we are going to talk about some proper way to execute trades in the business.

There is no place to do experiments in Forex trading

To keep your trading performance legit, the traders will have to know about the common mistakes. Think about the micromanagement for example. To a novice trader, it may seem very much convincing for the right management of the trades. When you will find out that the markets will not let the right signals come into your hand that easily, there will be that concept rumbling in your head. But that can only help the traders with proper technical analysis. For the right placement of the trades, the traders will need to conduct fundamental and sentimental analysis of the markets.

Combining all the three, there will be good trades happening from your account. Then there will be some inappropriate execution plans like overtrading. It is s very much stressful for the traders. There will not be good times in the trading process. You will have to place simultaneous trades according to that concept. Most of them (or all of them) will not be well planned. There will not be good risk management. Then the traders will not be able to protect their trades with proper risk to profit margins. That is why the traders will have to learn about proper control of their business as well as the trades.

Focus on trading strategy

Never think you can make a huge profit without having a perfect trading strategy. Those who are trading CFDs with Saxo always try to find high-quality trade setups in favor of the long term market trend. Never think you will be able to make a consistent profit without knowing the details of the market. Use the demo account and try to create a simple trading system to make money in the long run.

Your trades will need proper signals to trade for

It is all true that the trading business is all about finding the right signals for trades. That will be done with good signals analysis. We are talking about the proper learning of technical analysis. Then the traders will have to learn about the right studying of the fundamental things like economic condition, import and export, and unemployment statistics. Those will be based on the currency which you are trading with or for. The sentimental analysis will have to be done using experience. That is why novice traders can do work with the technical and fundamental analysis of the markets.

Apart from the right analysis of the trading markets, the traders will also need to be good with money management. It will be done for the right management of the running trades. There will not be good control of your trading mind when there are too many tensions. Having an investment which is too big will produce the same circumstance in which to tra

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How to maximise your profits on rental properties

As the rental market continues to receive high demands throughout the UK, landlords are more so facing severe competition in renting out their properties within a saturated market. As the housing industry, in particular within rental properties, is becoming more widespread and popular, more people are choosing to take advantage of the financial opportunities that come alongside the strong renting generation. For landlords, it is important to understand that marketing rental properties directly to the right audience is the most efficient way of attracting the most desirable tenants.

Look at the location

Location is one of the most important factors when looking to boost your return on investment. However, it is worth noting that different tenant types focus on different aspects of a property. Thoroughly considering your target demographic will be the driving force behind a successful investment. You can easily gauge their desires as well as help to define what will be the most important feature to them in terms of where they are renting.

To put this into perspective, if you are opting for a student rental, you must ensure the property is located in the midst of a bustling city and in proximity to local universities, library facilities as well as a convenient distance to thriving nightlife. If your property sits away from the most desirable student areas, then you will fail to attract the tenant type that you desire, causing diminishing profits within your investment. RW Invest based in Liverpool are buy to let specialists focussing on delivering high-quality student investments across the UK. Student property investments are one of the most desirable assets to own today, and one that looks to set to flourish in terms of returns over the forthcoming years.

Increase rent, but still stay affordable and competitive

Pricing your property correctly is essential to get right. If you end up setting your prices too low then you will fill it quickly and may run the risk of missing out on higher rentals. In order to calculate whether you are charging the correct rent, you should work out your cost vs revenue on each property. Don’t think that the rental figure that you come up with is set in stone. Updating your rental price at a later date is acceptable in order to make the most out of your rental income.

Make sure your rental price makes perfect sense, both to you and a potential tenant. Research similar units in the same area and compare your property with theirs, this way it is easy to work out if you are over or undercharging.

Ask yourself if there is a peak season for rentals that you need to take advantage of? Students tend to require rent for only part of the year, therefore during these peak months where demand is high you can afford to boost up your rental prices due to more competition. Whenever the value of the property increases, you should think about upping your rental price, particularly if you have recently renovated or put in new appliances that may make the home more appealing.

 

 

 

 

 

 

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