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  • Top 4 Forex Scams

    Top 4 Forex Scams

    Forex trading is an expansive field that gives users international exposure. These markets are governed by regulations that curb and control misleading brokers. However, with the vast market, forex scams still find a way to trick the traders and run their practices.

    If you’re a beginner at forex trading or aren’t familiar with how these scams work, this article can be of some assistance. However, learning about such frauds is as crucial as understanding how the forex market works. Just as the adage goes, prevention is always better than cure. While it is commendable that you are attempting to become acquainted with the numerous forex scams, it is also prudent to be aware of forex broker scam recovery firms that will assist you in recovering your funds. By performing early assessments, these companies aid in the recovery of funds. The next steps are to gather evidence and address corrupt practitioners. These companies go to great lengths to recover money from scammers on behalf of their victims.

    Hence, in this article, we’ll be covering the types of forex scams and how they work;

    • Types of Forex Scams 
    1. Failures Led by the Broker
    2. Manipulating Trader’s Behavioral Pattern
    3. The Signal-Seller
    4. The Forex Trading Robot
    • Conclusion 

    Types of Forex Scams 

    1. Failures Led by the Broker

     There are instances where the brokers fail to predict the market accurately. It then leads to losses to the traders, which is entirely the Broker’s fault. However, a significant reason could be that the Broker has focused more on getting commissions than assessing the client’s trade.

    The trading failure could either be a glitch on the buyer’s part or a fake loss. By artificial losses, we mean the cheats who take away money and show losses as a cover-up. While these brokers lure the audience with their features and skills, such as stop-losses, limits, and more, most of them never put these features to use. They might even encourage the traders to invest more funds to increase their commissions.

    It is also wise to know if the brokers you come in contact with are regulated or not. It’s better, if you check if they are trustworthy or not by visiting the licensing page of the Securities and Futures Commission (SFC) website

    2. Manipulating Trader’s Behavioral Pattern

    Trading is an activity that involves a lot of ups and downs, especially with the market being so unpredictable. A rollercoaster of emotions is guaranteed for the traders dealing with varied emotions, alongside the profits and losses. Unfortunately, many of these scam brokers use the trader’s weakness.

    For instance, if the economy faces a recession, the traders are likely to panic and make hasty decisions. Further, the inexperienced traders and beginners are more inclined to be influenced by their sentiments. Consequently, most of them tend to follow the herd.

    Their decisions are triggered by fear of losing, making the market volatile. When they seek trading support, the deceitful brokers exploit their emotions to make big money. While they assure risk-free trading, zero losses, and high returns, the market participants easily believe them.

    3. The Signal-Seller

    Modern-day scams are innovative and advanced. One popular forex scam is the signal-seller. They recommend buying or selling in currencies to make favorable returns. These services are exchanged against daily, weekly, or monthly fees. They claim to give you expert advice to turn you into a wealthy person.

    Additionally, they promote their trading skills, extensive experience, and positive reviews posted by their users. The paid reviewers affirm that the Broker is excellent at what they do and transforms your life with a fast income. Although that isn’t the truth, traders fall for the idea of stability in a volatile market.

    Many of these signal-sellers cheat an endless number of traders off their money and eventually vanish. They might even help a trader make money initially to retain their trust or get them to invest more money. The scam has been spreading wildly ever since its origin. Not all signal sellers are dishonest; some execute their services diligently. A trader needs to conduct a background study to ensure that the signal-seller is genuine.

    4. The Forex Trading Robot 

    Another peak into the modern-day scam introduces us to the forex trading bots. It has been a scam in the market for decades yet keeps upgrading with time. The fraud primarily revolves around an automated system that has been built to predict accurate details about the forex market.

    The scammer also promotes its system by ensuring precise results and its ability to raise funds even when you’re sleeping. While the practices of robbing money remain the same, the terms used are different. The system is known as a “robot” as it is established with the help of computers and is 100% automated. Unfortunately, many of these systems are never sent for testing or are rejected after the review.

    The evaluation process of a forex bot comprises testing the trading system’s optimization code and other parameters. If the principles and parameters are incorrect, the system will bear the wrong signals. These are the buy and sell suggestions that might be random or set up to be faulty. Thus, the traders seeking a gamble might lose a hefty sum.

    Again, legitimate and tested bots do prevail within the forex markets. However, every trader must research the provider or bot before purchasing their services.

    Conclusion

    Now that we’ve listed out the major forex scams, you can check whether your Broker shows any similarities with these scams. It’ll help spot the fraud and keep your funds safer. A piece of advice would be to verify your Broker before putting your money out there.

  • Tips for Making Travel More Affordable

    Tips for Making Travel More Affordable

    Making your travel dreams a reality does not have to come at the expense of all your hard-earned money. Travel can fit into any budget. Often, people worry that travel can’t be a reality for them because of cost, but with these simple and practical tips, you can make your travel dreams come true.

    Whether you’re flying across the globe and looking for the best flight deals or heading out on a road trip and need roadside assistance plans, there are many ways to make travel more affordable. Here are some of the best ones to keep in mind.
    Shop Around for the Best Rates
    For everything from flights to insurance, it’s best to do your research and shop around to find the best price possible. The four major expenses of any trip are transportation, accommodation, insurance, and the activities you partake in your location such as tours, eating out, or drinks.
    Transportation
    Transportation can quickly add up to the most expensive aspect of any trip. You’ll have to consider everything from car rentals, flight options, driving costs like gas, or even using ride-sharing apps. This is where the research comes in. Finding the cheapest transportation options isn’t always easy, but if you’re patient and put in the work, it can save you lots of money.
    Accommodations
    There are tons of different types of accommodations to choose from at all different budget levels. If you have a bit more wiggle room, you can look into hotels and resorts. But if you want to cut costs, those don’t have to be your only options.

    If you’re going abroad and want to save money, perhaps check out the hostel options. You could also look at rentals like Air that tend to have more budget-friendly options. Camping is also a great inexpensive option.
    Insurance
    There are various types of insurance you will need depending on what type of trip you’ll be going on. Road trip? You will need car insurance, maybe something with roadside assistance. If you’ll be renting a car, you’ll want to look into car rental insurance. If you’re flying to another country, you want to make sure you have international traveler’s insurance.

    There are countless options. This is where you will have to do a bit of research and compare the price and coverage of each insurance plan. While some may be more expensive, it might be worth it for better coverage and peace of mind on your trip. It could end up saving you money in the long run if something were to go wrong.
    Activities and Attractions
    If there are popular tourist attractions in your destination or must-do activities, it’s likely that there are multiple tour companies offering similar experiences at these places. Shop around and compare prices and offers from each group. You might also want to check with your accommodation to see if they offer anything at a discounted rate.

    This is an area where you can make smart decisions to save money. Choose not to go to the most expensive restaurant, or perhaps cook a meal at your Airbnb. You could even stop at the grocery store and pick up items for breakfast and lunch to save on two meals a day. This is an area where you can save loads of money or rack up a big bill quickly.
    Travel During the Off-Season
    This might just be one of the top money-saving travel hacks out there. Traveling to a destination during its off season can save you loads of money. Typically, accommodation prices jump way up during peak season, as do popular tourist attractions. Flights may also drop dramatically during these off periods.

    Going to a location during their less busy season can have many additional benefits. Having fewer people to contend with means smaller crowds and fewer lines. You might also get to see a place from a different viewpoint because you are visiting when most people don’t. It can be special to visit a place during these less crowded times of the year.
    Use Point Systems and Travel Credit Cards
    Using points systems such as airline miles and travel credit cards that let you redeem points to cover travel costs can be a huge money saver. It may not seem like it, but these points can add up quickly, and in the long run, they will save you money on baggage fees, accommodations, rentals, and more. Some rewards programs are even free.

    Keep in mind that you have to find the right credit card for you and a point system that fits your needs. For example, if one card offers points for shopping at a particular grocery store, make sure you actually shop at that grocery store, or you won’t accumulate points very quickly.
    Make Travel a Priority
    At the end of the day, you won’t save money for travel unless you really want to travel. You have to make it a priority to save extra money for travel. Can you forego that latte? Can you cut your monthly budget by not eating out and save the extra for your next trip? Every little bit helps, and when you commit to saving for travel, you will be that much closer to making it a reality.

    Sam Timmerman writes and researches for the car insurance comparison site, CarInsurance.org. She is an experienced budget traveler who has been to more than 40 countries around the world.

  • Reasons Quant Mutual Funds are giving stellar returns

    Reasons Quant Mutual Funds are giving stellar returns

    If you are investing in mutual funds online, you may have come across  quant mutual funds. Quant Small Cap Fund has been in the news for toping all equity funds with a whopping 206% return. Quant Tax Plan Fund and Quant Focused Fund are also gaining popularity. Although the fund house is not very well known yet, its recent performance has certainly garnered enough attention for going beyond expectations. However, this is not due to a stroke of luck but careful endeavors of the asset management company.

    Let’s look at the reasons why Quant mutual funds are giving stellar returns.

    1. Change in management: Quant Mutual Fund was earlier known as Escorts Mutual Fund. Quant Capital bought it over in 2018. The company is presently headed under Sandeep Tandon and was once a part of Reliance Securities. The change of management has contributed to the fund’s growth and made it one of the highest-performing equity mutual funds online. In fact, the fund’s Assets Under Management (AUM) have increased to Rs. 1,855 crore compared to Rs. 235 crore at the time of acquisition.
    2. Competent fund managers: Quant mutual funds are managed by capable and proficient fund managers. Its top fund managers include Drishti Shah, Sanjeev Sharma, Harshal Patel, and Ankit A Pande. Shah has worked with the Securities and Exchange Board of India (SEBI) and is a member of the Institute of Company Secretaries of India (ICSI). Sharma is an expert in forex management and risk mitigation from the London Academy of Professional Education. He has 11 years of experience with Quant Mutual Fund too. Patel is a member of the Institute of Chartered Accountants of India (ICAI). He also has experience in risk mitigation, asset management, corporate banking, etc. Ankit A Pande has worked in equities for over ten years and is a certified CFA.
    3. VLRT strategy: The fund house adopted a VLRT strategy that stands for analyzing valuation, liquidity, risk, and timing. Some Quant mutual funds have a very high portfolio turnover ratio of up to 500-600%. The mutual fund schemes buy and sell stocks frequently and make opportunistic bets. The fund house is not limited to any investment style. Instead, they are able to make quick changes. Quant’s National Sales Head, Anupam Saxena, also said the mutual funds online schemes give “1/3rd weightage to liquidity analytics and risk appetite (risk-on or risk-off) and 1/3rd to valuations”.
    4. Better performance than other small-cap funds: A SIP (systematic investment plan) is popular in Quant small-cap funds for various reasons. Quant’s Sortino ratio is higher than most other small caps in the market. The Sortino ratio is used to determine the fund’s possibility to fall during market corrections. A high ratio indicates that the fund can protect itself from market downside. Another metric that puts Quant mutual funds higher than others is the R-squared. R squared ratio indicates the fund’s performance in tandem with the index. The lower the number, the better it can be as the fund’s capability to outperform the index is higher than merely mimicking it.

    To sum it up

    Quant offers many mutual funds online that you can consider for your future goals as per your risk appetite. The Tata Capital Moneyfy App can help you invest in these funds and several others with great convenience.

  • Top business without investment

    Top business without investment

    In order to assist those who wish to start a business but have limited financial means in doing so, the following are five steps they may take to help them overcome the difficulties listed above.

    Try to maintain your job for as long as you possibly can if at all at all feasible

    To be an entrepreneur, some individuals feel that one must devote one’s whole time and attention to one’s own commercial operation. Others, though, are not convinced. A considerable deal of effort and many hours of hard work are required to achieve success in the real world. But if you are already employed, there is no need that you stop working right away (at least for the time being). Beginning with excitement because you have a better grasp of how the company will be received, as well as the demand for its products, and how the brand will change over time as you gain more information about the market, it is an exciting experience. For business without investment you need to consider the followings.

     During the second step, you should choose a specific area of study in which you are very interested

    Despite the fact that you may not have the required financial means, it is feasible to start your own company. The most important thing to remember is to devote the required time and attention to the task at hand. Choosing the sector in which you wish to work is an important step before beginning your job hunt. This is, in essence, the first stage in the procedure’s progression. In this instance, the question is not “What is the best business to make money in?” but rather “What is the most profitable industry to make money in?” The issue being explored is “What is the most lucrative sector to make money in?” The inquiry states that the question is “What sectors do I already have skills and expertise in, and how can I earn money in those businesses?” The inquiry further states that the question is “What sectors do I already have talents and experience in, and how can I make money in those businesses?”

    Fulfilling all of your responsibilities at your place of residence

    According to the PEGN website, it is possible to identify numerous instances of entrepreneurs who started their enterprises in a small room in their own home and eventually expanded. As a result of the reduction in overhead, it will not only become more feasible, but it will also become less costly due to the savings in lighting, water, power, and renting space that will be realized as a result of the drop in overhead. Create a website on a free or low-cost platform and use social media to market your product or service after you have determined your goals and products, and after you have determined your goals and products, after you have determined your products and services. Giving a first taste of the product to a small number of close friends may be a wonderful experience, especially if it allows you to judge how the product will be accepted by a larger audience.

    Using social media sites to reach out to customers (make sure you use the business account!) is a great way to build your brand and build relationships with your customers. When a consumer sees a basic list of accessible products and services selections, as well as when they get automatic responses during their initial contacts with the organization, customer acquisition is made easier.

    Implement, test, and re-implement your solution as many times as necessary

    Understanding what works and what doesn’t work during the first few months of operation can assist the organization in identifying areas where it may make changes to its current operating procedures. In order to determine the most lucrative road to profitability, you must first get input from customers. They will tell you whether or not your product works, what alternative items they would want you to manufacture, and what their most urgent requirements are. Following the receipt of this information, you will be better prepared to do more study and eventually choose the product or service that has the greatest likelihood of success in the marketplace. As a consequence, the creation of approaches and actions for providing items to customers as quickly and effectively as feasible would be required.

    The fifth step is to design plans for the company’s future growth and development

    Soon after your company has shown that it is capable of standing on its own two feet, you will realise that you have more time on your hands to think about long-term aims and strategies, and you will be able to put those plans into action. It is anticipated that the organisation will benefit from clarifying roles and responsibilities, as well as the elimination of day-to-day operations, which will free up resources to develop innovative ideas to attract new clients, launch more ambitious initiatives, and investigate additional job opportunities. Based on the fact that your firm is now successful, you may be in the position to allocate a portion of this revenue toward expansion initiatives, which will enable you to expand your product or service offerings into new market segments. Moreover, it is possible that you will attract the attention of an investor who is eager to assist financially to the development of your firm.

  • A Suitable Wedding Budget  In India

    A Suitable Wedding Budget In India

    An Indian marriage is an occasion where people tend to spend out of their budget. Very often, the plans for a wedding are far beyond the financial capacity of the parents. However big the plans are for splurging for your child’s marriage, ideally there should be a budget for spending.

    While you are planning a marriage, you should start with all the possible sources of financing for the occasion at the initial phase of the planning. The source can be family members, bride and groom themselves, or a borrowed fund in the form of a Personal Loan available from all leading financial institutions.

    The most crucial part of a marriage plan is to organize a successful budget wedding. There are two distinct steps that you need to take for the same. They are:

    Step 1: Put a cap on the total spending budget for the wedding.

     

    Step 2: Identify high-cost functions in the wedding and mitigate your expenses in those aspects. Some of the big-budget expense factors are as under:

    • Wedding Date – if you want to reduce the overall wedding costs, you may plan in a less popular time of the year, like summers, where prices tend to be lower than the marriage season, which falls in the winter months.
    • Events In the Wedding – events like sangeet, mehendi, reception, etc., are an integral part of any wedding ceremony. However, clubbing with some events and organizing some of the events in your home will help reduce costs.
    • List of Invitees- the guest list needs to be done with utmost care. This has a direct impact on your catering expenses. You need to maintain the right balance to ensure you are not inviting more people than are required.
    • The Venue of Wedding- local banquet halls come cheaper than fancy marriage venues. You may be advised to check on those to keep the cost under control.
    • Food- make it very clear with your caterer that you want basic food and impress upon the quality rather than an elaborate menu.
    • Décor- itis better to have a traditional décor than a themed one. That will keep your budget under control.
    • Shopping –spend judiciously on the main items like jewelry, wedding clothes. This will result in saving on your overall cost.

    Budget Wedding Cost Matrix:

    It will be wise to put a matrix around the same and allocate the maximum percentage of the entire budget that you will spend on each of the heads of expenses. That will help track the budget that you have set for the wedding.

    The table given below gives you a suggested budget allocation:

    Heads of Expense % Allocation Particulars
    Ceremony 5 ·         Cost of Venue

    ·         Logistics for Guests

    Reception 40 ·         Cost of Venue

    ·         Catering

    ·         Cost of Events

    ·         Expenses Towards Beverages

    ·         Cost of Travel To &Fro Residence to Wedding Site

    Music/Entertainment 5 Cost of DJ/Live Performers
    Décor 15 ·         Mandap Decoration

    ·         Flowers

    ·         Linens and Covers for Chairs and Tables

    Wedding Dress/Accessories 15 ·         Cost of Bridal Dress

    ·         Bridal Makeup Expenses

    ·         Cost of Jewellery

    Photo/Videography 10 Professional Fees to be paid for photo & videography
    Stationary 4 Cost of Invitation Cards
    Miscellaneous 6 Little cost items that come in at the last moment

     

    To make your dream come true, Personal Loans in the form of Marriage Loans are available from all leading financial institutions. But a loan will add to your monthly cost as a liability of EMIs. You need to check the Personal Loan rate of interest by accessing the Personal Loan EMI Calculator embedded on the websites of lending institutions. That will help you in your financial planning.

    To sum up, it may be stated that while making plans for a budget wedding, plan events and functions which are essential and go for extravagance only when all your bases are covered.

  • Top Popular Jobs for Boys And Girls

    Top Popular Jobs for Boys And Girls

    Choosing the Trending Career in the World is an important part and there are different options essential for the same now. You can find the bests right here.

    What would you like to become? Many 15-year-olds would expect the answer “YouTube star”. However, an evaluation of the Pisa study shows that the career aspirations are usually much more down-to-earth. According to the Organization for Economic Cooperation and Development (OECD), today’s teenagers still strive primarily for jobs from the past century.

    In which profession do students want to work later?

    In addition to the compulsory tests in math, reading and science, personal data was also collected in the Pisa school performance comparison. The 15-year-old participants were asked, for example, in what profession they think they will work later. According to OECD information, the question was open. No list of specific professions was given for selection. Around 600,000 schoolchildren worldwide participated in the last Pisa study, the results of which were presented last December, including almost 5,500 German students.

    Most 15-year-old girls see themselves as a teacher. This is followed by a doctor, educator, and psychologist. The OECD study does not quite apply to the boys in this country: after all, most 15-year-olds expect that they will be 30 IT specialists with 30. However, the occupations of industrial and auto mechanics, police officers and teachers also top the ranking.

    Better educate about professions and the world of work

    The director of education at the OECD, Andreas Schleicher, called for the issues of career guidance and the world of work to be given a much higher priority in schools in the OECD countries. You cannot become what you do not know, he said during a technical discussion.  There is a big risk that we will educate the next generation for our past and not for its future. Schleicher suggested bringing more employers and job fairs to schools. Citizens should also introduce children to their profession. In education, we have to focus more on what rather than the how question.

    The economy also sees a need for action. Many young people are committed to their dream job and refuse training offers in less well-known professions because they know too little about professional prospects, earning opportunities and development prospects. Young people should gain practical experience as early as possible. Because: If you know what you want and can do, it’s easier for you to choose the right job.

    Occupational fields with a shortage of young people

    The president of the Teachers’ Association, is less worried about the dream job statistics of students: Many of the jobs mentioned, such as teachers or doctors, would still be needed, and there was even a shortage of young people there, he said. In addition, it is still not foreseeable which new job profiles would arise from digitalization in 5, 10 or 20 years.

    It is crucial for us as a teacher association that we provide children and young people in schools with such comprehensive general education and so much basic skills that they are flexible enough to adapt to the changing professional world. There is nothing to be said against a more intensive exchange between the professional world, business and school. A lot is already happening there.

    Hundreds of additional career counselors

    According to a spokeswoman, the Federal Employment Agency (BA) has significantly intensified career guidance since the beginning of the current school year. Hundreds of additional career counselors are enrolled in eighth grades at general schools. Vocational guidance in higher grades at high schools has also been strengthened. The spokeswoman also referred to a little-known self-exploration tool from the BA. Online, teenagers can go through an extensive test based on psychologically based procedures and receive a recommendation as to which course of study or which profession might suit them.

    There are 326 dual apprenticeships in this country.  The number it has not increased significantly in recent years. The content of the training for the individual professions had been adapted to the new developments. Even a chimney sweep works differently today than it did 20 years ago, said a spokesman. In the course of digitization, a few new occupations have been added, such as “e-commerce merchant”, “technical product designer” or “photo media specialist”.

    Expert in marketing and communication

    Low interest rates, a growing range of goods and increasing digitization – in this area of ​​tension marketing and communication professionals are needed who know how products can be brought to customers. In this branch too, over 80 percent of companies want to hire new experts.

    The “War for talents” is global. Qualified specialists can choose the most attractive employers and places of work and are less and less regionally bound. Good personnel managers are supposed to remedy the situation and are sought in many places.

    Physicist

    As specialists for phenomena worth explaining, physicists are in demand as future specialists. Only 2.6 percent are currently unemployed, the value is significantly below the average for academics. With physics every tenth job in everyday life has hardly anything to do, a lot of work in adjacent natural sciences, the computer science or engineering climes.

    Project manager

    As a project planner, you are involved in a project from start to finish and oversee implementation and planning. As the project director, 100,000 dollars are waving, and as the project assistant, there are still a whopping 50,000 dollars a year.

    Mathematician

    Mathematicians are currently primarily sought for the areas of old-age provision, banking and insurance. But math professionals are also needed in research for example on the subject of digital currencies.

    Conclusion

    Whether your talent and interest lies in the creative, scientific or economic area, in many specialist areas there are currently jobs with good career opportunities. Perhaps the ranking offers you guidance for your professional future.