How Not to Lose Millions of Dollars Trading with Online Stock Brokers!

How Not to Lose Millions of Dollars Trading with Online Stock Brokers!
The greed of earning quick money attracts individuals to invest open-heartedly in the stock markets. However, similar to any other field, making money in equities isn’t a piece of cake. It takes a great deal of patience and market research to excel in the shares market. Also, the volatility factor in the past few decades has left traders in a state of shock as they are in a difficulty whether to put in more cash, hold or sell in this situation. While there is no fool-proof method that can ensure 100% success ratio in stock markets, you can still follow the below listed tips in order to save yourself from losing a big amount of money while trading with online stock brokers: Make Your Own Decisions There is no denying the fact that most of us get influenced by the actions of others. Especially, if they’re doing really good into their respective fields. However, sometimes this herd mentality will cause more harm than good to our trades. Needless to say that you should avoid to blindly follow your peers or acquaintances as this approach is bound to backlash in the longer-run. Do Thorough Research on Your Part In-depth market research should always be conducted before investing your hard-earned money into stocks. Even if you’ve acquired the services of the top online stock brokers, you should still take interest in the overall process. Keep in mind, when you invest in stock, you’re actually investing in that particular business. Thus, make sure you gather complete details about what specific business the company is in. Never Try to Time the Market This is one thing that even the most experienced and professional traders don’t do. Yes, you got it right. Never try to time the futures market as it may significantly increase your chances of loss. According to Anil Chopra, CEO, Bajaj Capital, one should never make an attempt to time the market as no trader till date has successfully managed to do so. Follow a Systematic Approach It has been observed that even stocks that are likely to increase in value have shown downturn. The market fluctuations has certainly made investors lose lots of money. However, traders who follow a systematic trading approach from start till the end have been witnessed getting greater returns. Make sure to invest in the right stocks and have patience to hold them till the right time arrives. Avoid Emotions Many traders have been facing losses in shares markets due to their incompetency to control their emptions, especially greed and fear. When the market is showing a bullish trend, the appeal of quick money is hard to resist. The greed factor increases when traders get to know about amazing returns being generated in a futures market and that too in a relevantly shorter span of time. This gives rise to speculation. Many times, investors purchase shares of unreliable companies or establish heavy positions in the market without actually comprehending the risk-reward ratio. The result? Instead of generating any reasonable returns, they ruin their investments. Similarly, when the market is showing a bearish trend, traders usually get confused and immediately start selling their stocks at lump sum prices. Hence, greed and fear are two dangerous emotions that can literally ruin your trading business if not handled with care. Diversify Your Portfolio No matter how good your stock broker is, you can’t expect to earn optimum returns unless you pay attention to your portfolio diversification. As an old adage goes, never put all eggs in a single basket. In the same manner, never invest all your money on same assets or securities. By diversifying your investment portfolio, on one hand, you augment your chances of earning from different sources and on the latter minimize associated risk. Be Realistic That’s perfectly okay if you’re hoping to achieve real-time success in record period of time. After all, you’ve decided to put in your hard-earned money into stocks in hope of getting substantial returns.  But, you could be heading to trouble if you’re having some unrealistic objectives for yourself. For example, many shares have produced over 50% returns during the favorable market conditions. However, it doesn’t necessarily mean that you should always anticipate similar type of profits from the futures market. Always Invest Your Extra Money At this point, you must have got a clear understanding about stock market volatility. Thus, it’s recommended that you should only invest your extra money into the trades to stay safe. Review In today’s fast-moving world, any significant incident happening in any segment of the world directly or indirectly impacts our financial markets. Thus, it’s important that you keep a strict eye on your portfolio and make appropriate adjustments as needed. Apart from selecting a credible online stock broker, it’s also important that you do your homework and pay attention to the above-listed tips to stay ahead of your trading game. Happy & safe earning!

It’s 2019 – Here’s What You Need to Know About PayPal Forex Brokers

It’s 2019 – Here’s What You Need to Know About PayPal Forex Brokers

When it comes to online payment methods, PayPal is believed to be one of the widely used payment mediums around the globe. Whether you’re buying anything from an e-store or want to make a payment to your foreign clients, PayPal can be used to make fast and safe payments worldwide.

The ease of payment has also influenced forex brokers to channel their lesser-known payment methods and switch to online procedures to transfer funds and also to avail various other e-wallet benefits.

As far as PayPal is concerned, forex brokers generally find it cumbersome to follow the strict limitations and PayPal regulations that are to be followed in order to comply with the International money laundering rules. Hence, it is absolutely safe to presume that PayPal brokers acknowledging PayPal as a legitimate source are more dependable and trustworthy than other brokers that deal in other outdated payment methods.

From pros and cons of PayPal for trading to finding a trustworthy PayPal forex broker for your trades, this post covers all you need to know about PayPal forex brokers:-

Pros and Cons of PayPal Forex Transactions

Pros

PayPal forex transactions are believed to have more pros than cons. For instance,

         It offers quick, simple and safe payment options

         PayPal balance can be used to make payments for products and services

         One can fund his PayPal account through credit card or bank within minutes. Also, this amount can be further used for making payments afterwards

         PayPal accounts can be funded with a small amount of $5

         PayPal is available in 100+ countries

Cons

         You have to pay 3% fee/commission on each transaction which is huge if compared to other online payment options

         Only tangible products are eligible for chargebacks. All the other intangible products don’t qualify for chargebacks

         PayPal includes various limitations and regulations

How to Find a Dependable PayPal Forex Broker?

 

Forex brokers who allow PayPal payments will generally offer this facility through their payment portal. You can find official PayPal logo on their main page as well as on all other payment pages. In certain cases, the PayPal forex broker do not publicize the PayPal logo on their homepage. In fact, some brokers don’t even market their payment options at all. If you’re not able to find PayPal logo on your broker’s website, make sure to get in touch with the support team to know about the payment options, especially the availability of PayPal. The basic payment amount depends upon the type and availability of the payment method.

Depositing/Withdrawing Funds through PayPal

Simply put, PayPal is an e-wallet that maintains your funds via protected online accounts, which basically lets you make payments for goods and services through particular payment portals. These portals are generally installed by the traders on their dedicated payment pages. PayPal accounts are just like your bank accounts, and the only major difference is that you can only use it online.

 

Once you become a PayPal account holder, you can link your credit cards as well as your bank accounts to your PayPal account which gives you the flexibility to make payments even if your PayPal balance isn’t sufficient. In addition to that, you can also use your PayPal account to receive payments from other independent clients. Noticeably, the payment modes vary according to the account type you hold. For instance, if you have a personal PayPal account, you can only collect payments from the users having valid PayPal account. Similarly, if you have a merchant account, you can accept credit card payments for your products or services. Lastly, if you’re using your PayPal account for forex transactions, you’ll be required to connect with the PayPal support team to confirm that your PayPal account can be used to transfer funds to the brokers. Keep in mind, the fee associated with failed transactions or returns is very high and brokers generally will not take the responsibility for any failed transfer attempts.

There are companies that use PayPal as an only payment option which gives them the freedom to make payments through their credit cards. PayPal has always been the subject of various disputes. First and most importantly you should go through the local restrictions and laws that PayPal imposes to various countries. For instance, PayPal has confined its operations in some of the major countries like Japan and Turkey. Also, the company has disagreements with numerous other countries respecting the legitimacy of online payment methods. Hence, traders should confirm first that whether or not PayPal is allowed in their country prior to registering and using PayPal for deposit or withdrawal of funds for their forex trades.

In conclusion, the success you achieve from your trades heavily relies on the payment medium you choose. PayPal forex brokers are doing incredibly great as they are believed to be more reliable and trustworthy than brokers who depend on the conventional payment methods.

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