Payment For A Day
We can define day rate as the price paid for doing a particular work for the full day. Per diem is used to refer day rate by few markets. We can say that it is a payment given by a company for one full days’ work which is usually 7.5 hours of work in a day. There are few purchasing firms that will that opt to have a quotation for day rate rather than paying on an hourly basis. Day rates will vary remarkably depending on what type of work needs to be done and in which geographic area the work is done. Unlike day rates, the payment got from trading will not vary depending on the region of work especially when it comes to trading softwares, be careful as few apps such as Olymp Trade can be a scam and doesn’t provide much scope for earning.
A specific rate is fixed by negotiating to be paid depending on day rates for workers who are not placed under the cover of salary or people who work on contract. Some of the examples of situations under which day rate is used are as follows:
The day rate will be high for works that need special skills when compared to a work that can be taught to a worker as they start working instantly such as digging a gutter or heaving the rocks. The area in which the work is done will make a lot of difference as well. Geographic areas and countries where the standard of living is high the day rates paid are also high for a worker who do perform manual work and countries that are emerging or areas inside a developed country that has a low standard of living will get lower day rates.
Per Diem Payments
Per diem in Latin means per day. Per diem is payment given in the form of allowance to the employees so that they can cover their expenses when they are away on a business tour. Expenses that incur during a business trip are as follows:
Per diem payments are most commonly used for some particular job title like consulting personnel as they travel extensively.
There Is Always Light At The End Of The Tunnel
It is not good to be broke:
I had reached a professional abyss and I did not know what to do next. It was posted recession and I was losing my job to attrition which had heavily affected my field of work. I knew that there was nothing that I could do to stop myself from getting the pink slip. I tried to keep calm and composed but you never can know what it takes the form you in order to be able to stay that way.
It took a toll on my health:
I suffered low stroke and doctors were of the belief that I must not take too much stress. I was at a loss of the irony that I was lost in. on one hand I was losing my job and on the other hand, my health was going for a toss!
I do not know how I got the strength during those times but I decided to calm down. I have always been known to be aggressive in my profession. Maybe this was nature’s way of telling me t slow down so that I do not end up being irretrievable sick.
I had to look out for options:
I could not just lie around in the house now. I had to choose something to work on. Years passed being workaholic did not give me the license, not the aptitude to be able to aimlessly idle all day long.
That is when I thought of trading online in binary options:
I began thinking about trading a few years ago but I never really got the time to do it. this was the time to explore my capabilities, I thought.
So off I set to find out which software made the cut for me. I researched intensively and came to a conclusion that if there is any scope in the field for growing in leaps and bounds then it was in trading of cryptocurrencies alone.
Setting out meant brushing up the basics:
I read extensively texts and e-books on cryptocurrencies mining. The blockchain particularly interested me and I definitely wanted to be able to transact in cryptocurrencies.
The account opening on the trading software is much easier than even signing u for an email service. It took less than five minutes to deposit my investment and to get a broker assigned. A few months later, I am not just making consistent profits but now I am thinking of starting my own trading software.
I am glad that I got hooked on trading. A good background in technicalities and computer software is a good base to be able to tap in sophisticated algorithms to be useful to other traders around the world who would also start from zilch but end up making a great looking bank balance!
When it comes to trading there are nearly limitless strategies to follow. Irrespective of the chosen trading instrument there are numerous technical indicators that could be used to come to a conclusion. Technical analysis and fundamental analysis are both essential for investing in trading. The difference that each trading strategy offers combined with the way the trader interprets and applies the strategy is what leads to the difference in the profits and losses made. If you are using an automated trading bot like Ethereum Code then you might be able to take a little burden off your shoulders. But still, you would have to work on improving your trading strategies so as to ensure steady profits and a steady income from trading in cryptocurrencies.
Price action trading
At a given point in time, the price of an asset might be interpreted in many ways by many traders. After all, given the nearly unpredictable market conditions and the many factors that influence the price trends of an asset each event might be viewed from different perspectives by traders.
Price action trading involves reading historic data from the recent market and then fine-tuning the decisions on the basis of the recent price trends observed. There is a technical analysis done and the recent price changes are also considered. So minor fluctuations in the market would be captured so as to get a better idea about the decision to be taken. It is in fact considered to be one of the most profitable strategies for forex traders.
Benefits of price action trading
Price action strategy is one that is known to be a go-to option if you need a strategy that can give you some quick profits.
The Bull And The Bear Market
Monetary decisions can be based on emotions most of the time. We are afraid to make investments, but as they progress we might feel greedy to make more profits. Emotions have a huge influence on the stock market too; Greed and Fear rule these markets and the trader’s minds. People often hear the words the Bull market and the Bear market, but what are these markets and how they are affected by the emotions of the traders.
The Bull Market: It is described as a time when the market is going up aggressively for a period of time. The traders are showing determination affecting the market to rise more and more. At times like this, the traders might trade under the effect of greed. The Bull markets usually show about a 20% rise in the stock prices.
The Bear Market: The bear market is the exact opposite of the bull market where the stock market keeps falling down over the period of time. It is said to have a bear market effect when prices fall down by 20%. The bear market tends to instill fear in stock traders making them pull out their investments.
Bull vs. Bear Markets: The Bull market is portrayed by trader’s enthusiasm and rational growth that can tend to encourage greed, whereas the bear market shows traders fear and lack of trust causing deterioration in the stock market. This happens when traders make decisions influenced by emotions when they are expected to make unbiased decisions. The number rule of the stock market suggests taking benefit of the emotions of other traders instead of taking emotional decisions. It implies buying quality stocks at lower prices in the bear market and selling stocks when the prices go higher in the bull market.
There can be various provocations in the bull market, alleging quick and very high profits but it can be just another scam waiting to happen. There are varied trading platforms available in the market, like the Olymp Trade, that claims to provide 80% returns. Investing in this type of platform can be risky as it does not provide any demo version where traders can learn the trading techniques before actually using.
Conclusion: Investors should not feel the need to change their investment planning based on sudden changes in the market. Rather they should focus on taking advantage of this situation by doing exactly the opposite of what the other traders are doing.
Crypto Currency And The Threatful Online Platforms!!
We hear a lot of news about crypto coins, that are doing extremely well!! But, what is the real fact, do you really know about people who have invested through it? who has made real money in the trading part?
Well, there is a rapid rise in the price of the coins, that have been in the news for a long time now, the factors like trade war, increasing demand to the coin due to economic factors that compel to follow many other policies keep this coin trading an all-time high, every time the markets open.
Trading in stock markets is totally different from trading in crypto markets. Crypto markets are not regulated by a central regulating authority like the stock market authorities across the globe. They are not controlled by any party and don’t have any regulations to be followed. Sometimes what we call a boon, becomes a bane in while and causes misery.
Read to understand how the same goodness of the crypto turns to ruin your savings mode.
This is the biggest drawback of the cryptocurrencies, though they are flying high, the volatile nature of the currency keeps us ticking. The hackers who are lying everywhere, the fake profiled platform creators like the Olymp trade, who are here to loot the money of innocent people with false algorithms and wrong working plans.
The platform is completely unclear about the way it tends to operate to give the claimed 80% profit. The platform demo page too can’t show how can they give the promised 80% returns to the client. The investment initially is just 10$ or even Euros, after which you never get any response to follow the way to trade, which means, your $10 or anything excess is going to fill their pockets and leave yours empty.
This forex trader is illegal and doesn’t have any registration to any of the exchanges that exist for the cryptocurrency holders. So, better avoid such fake and illegal profiles to invest and refrain from such profiles.
Such platforms which run without any base and backup are sure to ruin your life. Before investing in cryptocurrencies check for the legit mark of the platform and also for the management that it has, checks for the people who are accountable, their talent and skill sets, their background and portfolios.
Day trading is an interesting and wide subject that requires you to be constantly updated with the latest news, trends, and strategies in order to prevent trade loss and maximize your profits. Consistent market research and learning will help both amateurs and the experienced lot. By default, beginners must read and research on day trading by referring to tutorials, consulting with expert advisors, and even watching how-to trade videos as much as possible in order to understand how trading is carried out and to get some useful practical tips.
Similarly, the experienced traders too must constantly update themselves in order to explore more methods and advanced trade topics to get the maximum out of the financial markets. A good start for both these kinds of people would be the automated trading, which is quite simple to understand but at the same time can be customized as per the trader’s skills and interests. Read about the Crypto CFD Trader review to learn more about this.
Further traders may seek the assistance from a professional broker to help with trading and increase their chances of earning greater returns.
Roles of a Broker in Trading
Generally, it is recommended to make use of a professionally qualified broker in situations where you want to earn a good return on the trades placed. Brokers will help you execute the trade that is placed on the financial markets. Hence, the choice of the broker is very important, as it can make or break your trade outcome. It is as important as the investment decision that you make while trading.
Characteristics of a good Broker
Here are a few characteristics that you should be looking out for while you select your trading broker.
Anyone who has tried their hand at trading will tell you that everyone can become a trader from the comfort of his or her own home without any prior knowledge of the trade. What does set apart a profitable trader from a loser depends on hard work, research, discipline and strategic planning. There are a few key areas that will enhance your ability as a trader – even those who trade in cryptocurrency.
Cryptocurrency trading bots
With the advent of trading bots which are computers programs based on algorithms, trading has become simpler and almost everyone can hope to make a profit.
While the process is simple, one must not assume that the robot will do all the hard work and earn you money while you relax; it is not just set up and forget concept. To be a successful trader you must backtest all your strategies and update them with the dynamic market conditions. Since the robots work within selected parameters with the right strategy you can hope to make profits.
Stay away from scams
At present cryptocurrency, trading robots are a dime a dozen making it a tough choice for those who want to embark on this journey of trading in virtual currency. There are several faulty software on the market that can cause heavy losses to you. Those new to the field must know that to safeguard your investment with automated trading software you must have a stop-loss limit or sudden crashes can wipe away your entire investment. Remember the cryptocurrency world is unregulated and still very risky and that is the reason there are several scams surfacing each passing day.
Hence to know about the best and most reliable cryptocurrency robots browse through the Top10CryptoRobots.com.
Pointers to keep in mind
Seasoned traders will tell you that observation, planning, and forethought are the keys to success in this field. To begin with, you must test out various strategies of trading before you can identify which plan works for you. In general, most of these bots provide live prices and execute orders explicitly, hence set the right parameters to ensure you are not caught unawares by the vagaries of the market.
Even if you choose the best trading bot you must exercise caution in live trading. Always start with a small amount – an amount you can afford to lose because sometimes the paper trading can vary vastly from real-time trading which is governed by innumerable factors beyond the control of the human mind.
As we are inching towards another decade in the 21st century, the world of finance is advancing technologically almost at pace with the rest of the scientific world. The invention of bitcoin by Satoshi redefined how we do business online. The end of 2017 was, in fact, an eye-opener of sorts as bitcoin reached an unprecedented height of almost $19,000; detractors of bitcoin called it a bubble that will burst soon while supporters claimed that this was just a tip of the iceberg. Currently, this cryptocurrency has crashed to under $10,000 and no one knows how much more it will fall and if it will rise again.
With so much of volatility in the market anyone who intends to make profits trading in cryptocurrency must know how to protect oneself from the roller coaster ride this is going to be. Here are a few tips to help you along the way.
So, whether you are looking at crypto robots like QProfit system or at regular methods of investment, keep the above pointers in mind and stay afloat even when the tide is against you.
Speculation is a skill that needs to be mastered because while some may have become rich other may even lose their capital through speculation.
The difference between investment and speculation is that the investors are interested in the process of why the underlying price of a company should rise and they stay invested in the company for a long time. Speculators, on the other hand, are interested only in the price and do not need to know the reason behind the rise or fall in price. They stay invested in the market for a very short term.
A stock is a share in the ownership of a company. It represents a claim on the earnings and assets of a company. When you acquire more stocks of a company your ownership stake also increases. However, the definition is not exactly correct.
It is important to understand that when you hold the stocks of a company you do not own the corporation. You just own the shares that the company has issued. Companies are organizations and they are legal entities. They file taxes, own property and borrow money from banks. The company owns its own assets and the office of the company is owned by the company only and not by the shareholders.
This distinction means that the property of the company is separate from the shareholder’s property. This limits the liability of the shareholder as well as the company. In case the company goes bankrupt then the company may have to sell off all its assets, however, the personal assets of a shareholder are not at any risk. In fact, if you wish you do not even have to sell off your shares. But the share value of the company would have fallen by a great value. In a similar way in case a shareholder files for bankruptcy, he cannot sell the company’s assets to pay off the debts.
So the shareholders basically own the shares that are issued by a company. The company owns the assets. So in case you own 10% of the company shares, it does not mean that you own 10% of the company. It just means that you own 10% of the company’s shares. The shareholders have no rights on the assets of the company. This is known in financial terms as “separation of ownership and control”.
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The teenage years can be tough. While it may seem normal for teens to rebel, become moody, hang with the wrong crowd or begin to isolate themselves in their rooms, parents may want to pay closer attention to some of these behaviors which may be linked to signs of depression.
Looking for the signs
Is your child sad or appear to have no affect at all? Is your child preoccupied with the topic of death or other morbid topics? Has your son or daughter expressed suicidal thoughts or ideas?
Are they extremely moody or irritable beyond the normal hormonal twists and turns of childhood? Has there been a drastic change in your child’s eating or sleeping patterns? If you answered yes to any of these questions, your child may be suffering from a common but devastating mental health disorder called depression.
Depression occurs in 8 percent of all adolescent lives. Research indicates that children, in general, are becoming depressed earlier in life. The implications of this is the earlier the onset of the illness the longer and more chronic the problem. Studies suggest that depression often persists, recurs and continues into adulthood, and indicates that depression in youth may also predict more severe illness in adult life.
Depression in young people often co-occurs with other mental disorders, most commonly anxiety, disruptive behavior or substance abuse disorders, and with physical illnesses, such as diabetes.
Teenagers often turn to substances to “self-medicate” the feelings of depression. They reject prescribed medications because of the way it makes them feel and because of the negative social implications of being labeled as depressed. Drinking alcohol and using other substances may make teenagers feel better for a short period of time but the need to continually use these substances to feel “high” creates dependence and poses a serious health risk.
much like the lack of knowledge of the stock market is risky for a beginner. Every problem has a solution and in this case, the advent of automated trading robots has proved to be a boon for beginners with no knowledge of the financial market. Click here for further information on the topic.
Depression in adolescence is also associated with an increased risk of suicidal behavior. Suicide is the third leading cause of death for 10- to 24-year-olds and as much as 7 percent of all depressed teens will make a suicide attempt.
Signs that frequently accompany depression in adolescence include:
Parents often witness these warning signs but fail to act on them. Why? Because some teens hide the symptoms from their parents or parents chalk it up to a stage or moodiness. Many teenagers go through a time of dark looking/acting behavior with all black clothing and bizarre hair arrangements.This can throw a parent off of the trail of depression by the bewilderment of teen actions and behaviors. In addition, many teens react aggressively when confronted about possible depression by their parents causing Mom and Dad to back off.
When dealing with teen depression, it is always better to “be safe than sorry.” Coping with an adolescent’s anger is much easier to deal with then handling his or her successful suicide or overdose. When parents first notice the signs of depression, it is important to sit down with their teen and ask them, gently but firmly, if they are feeling depressed or suicidal. Contrary to popular belief, asking a child if he or she has had any thoughts of hurting or killing themselves does not cause them to act on that subject. If the teen rejects the idea that they are depressed and continues to show warning signs, it will be necessary to seek professional help.
If the child acknowledges that he or she is depressed,immediately contact your physician and seek the assistance of a mental health professional who works with children and adolescents. In addition, parents can help their teen by confronting self-defeating behaviors and thoughts by pointing out their positive attributes and value.
Parents may need to prompt their teen to eat, sleep, exercise and perform basic hygiene tasks on a daily basis. Doing these daily routines can dramatically help improve mood. Try to direct the teen to hang out with positive peers. Steer them away from other depressed adolescents. Explore underlying feelings of anger, hurt and loss. Even the smallest loss of a friend or pet can intensify feelings of sadness. Allow the teen to talk, draw or journal about their feelings without judgment. And for suicidal teens, make a “no-harm” contract for 24 to 48 hours at a time when they will not hurt themselves.
With proper care and treatment, depression can be alleviated and suicidal behaviors prevented. Parents and teens may even find a new, deeper relationship developing between them as they work through the dark feelings of depression.