A stock CFD is a contract for difference that allows traders to speculate on the price movement of particular stocks without owning the underlying asset. When trading stock CFDs, traders can take advantage of rising and falling markets. There are several strategies that traders can use to trade stock CFDs.

Trend following

One of the most popular stock CFD trading strategies is trend following. Traders who use this strategy try to identify trends in the market and then trade in the same direction. Traders can use this strategy to trade both rising and falling markets.

To trade using this strategy, traders must first identify a trend by looking at price charts and identifying whether prices increase or decrease over time. Once a trader has identified a trend, they can look for opportunities to enter the market in the same direction.

Trend following is a relatively simple strategy that both beginners and experienced traders can use. However, it is essential to remember that trends can sometimes change direction, so it is crucial to monitor the market closely and be prepared to exit a trade if the trend changes.

Breakout trading

Another popular stock CFD trading strategy is breakout trading. This strategy is contingent on the idea that prices often break out of range-bound market conditions and move into new territory. Traders who use this strategy try to identify range-bound market conditions and enter the market when prices break out of the range.

To trade using this strategy, traders must first identify a range-bound market by looking at price charts and identifying a period where prices are not moving up or down significantly. Once a trader has identified a range-bound market, they can look for opportunities to enter the market when prices break out of the range.

Breakout trading can be a profitable strategy, but it is also risky because prices can sometimes continue to move in the same direction after breaking out of a range, resulting in losses for the trader.

Support and resistance trading

Another common stock CFD trading strategy is support and resistance trading. This strategy is contingent on the idea that prices often find support or resistance at certain levels. Traders who use this strategy try to identify these levels and enter the market when prices break through them.

To trade using this strategy, traders must first identify support and resistance levels by looking at price charts and identifying where prices have stopped moving up or down significantly. Once a trader has identified these levels, they can look for opportunities to enter the market when prices break through them.

Support and resistance trading can be lucrative, but it is also risky because prices can sometimes continue to move in the same direction after breaking through a support or resistance level, resulting in losses for the trader.

Scalping

Another popular stock CFD trading strategy is scalping. This strategy involves taking small profits regularly. Traders who use scalping enter and exit the market very quickly, often taking only a few pips of profit at a time.

To trade using this strategy, traders must first identify opportunities where they think prices will move up or down very slightly. Once a trader has identified these opportunities, they can enter and exit the market quickly to take small profits.

Scalping can be a lucrative strategy, but it is also risky because prices can sometimes move quickly in the opposite direction, resulting in losses for the trader.

News trading

Another common stock CFD trading strategy is news trading. This strategy involves taking advantage of economic news releases to make trading decisions. Traders who use this strategy try to predict how the market will react to a particular news release and then trade in that direction.

Traders must first identify upcoming economic news releases to trade using this strategy. This information is typically available on economic calendars. Once a trader has identified an upcoming release, they can try to predict how the market will react to it and then trade accordingly.

News trading can be a profitable strategy, but it is also risky because economic news releases can sometimes surprise the market, resulting in losses for the trader.

Who says crypto is just for experts in finance and cryptography? In these times, people are looking for convenient and secure ways to transact online. Earnity allows crypto buyers to build their digital assets through their easy-to-use app. Led by executives Domenic Carosa and Dan Schatt, the Earnity team consists of fintech veterans and experts who know precisely what people need. They are currently developing an app that will empower users to grow their online portfolios even if they consider themselves beginners in crypto.

Why should you start buying crypto now? Here are three reasons:

1. Crypto can bring profitable returns over time.

Despite still being speculative, buyers are already catching up to the potential of cryptocurrency. Cryptocurrencies are still in their early stages, which means plenty of room for growth. Those who buy now could see their initial purchase multiply several times in the coming years.

2. Crypto provides more secure transactions than traditional finance.

Cryptocurrencies are built on blockchain technology that makes transactions more secure than traditional banking systems. This makes it a safer purchase option, especially in light of recent security breaches and scandals in the financial world. The team behind Earnity is developing a secure and private platform that will allow users to transact without worries.

3. Crypto is quickly becoming mainstream.

Cryptocurrencies are becoming a global phenomenon, with more and more people adopting them as a form of purchase. This means that the growth potential is enormous, making it an attractive option for purchasing digital currencies. In addition, cryptocurrencies are gaining more mainstream acceptance, with some of the world’s biggest companies now accepting them as payment. This trend will only continue, making cryptos a good purchase option.

Before getting into any crypto purchase, it’s essential to know at least the basics. Buyers must also be informed of the trends. The Domenic Carosa and Dan Schatt-led Earnity provides crypto enthusiasts of all levels the opportunity to learn and earn.

A few years ago, many may have not even heard the term ‘cryptocurrency.’ But, although it isn’t as new as some people may think, it is recently that it is gaining a wider audience. With the world markets seeming so uncertain, people are understandably looking for alternative options to try to secure their future and have some stability now. And so, investing in crypto is becoming the choice of many. Could it be an option for you?

Is it too risky?

This is often the first question people ask. We all want security, so risk is an issue for everybody. Unfortunately, in the current world climate, any option for our finances involves risk. This is true whether your money is in a bank, in property, in cryptocurrency, or anywhere else. The bigger risks for cryptocurrency are around the markets. As we all know, the markets can be up one day, down a bit the next, only to bounce back the day after. To invest in cryptocurrency, you have to be prepared for this and able to handle the continual movement. If this is something you think you will find stressful, why not start small to trial it and see how you get on? This is a good way to start in any case while you get to grips with how it works.

From a security point of view, the risks with cryptocurrency are much lower. When we use a bank transaction to pay for things, we are involving a third party each time. With cryptocurrency, there is no third party, so there is some of the risk immediately taken care of. But even better, each transaction using cryptocurrency is stored on what are called blockchains. These blockchains don’t run off one centralised system, they run off a whole network. This means that they are almost impossible to hack, and it makes each transaction you make so much safer. As more and more people that you speak to today have been the victim of hackers or scams, you can certainly understand the appeal of this more secure type of transaction.

How to get started

As we have said, a good idea is to start small, dip your toes in the water, so to speak. As well as starting small, it would be a good idea to split your investments. With markets fluctuating daily, it would be good to spread your investments out a bit to minimise risk even further.

Make sure you do your research beforehand as there will usually be fees attached and you want to get what works best for you personally. Make sure you know exactly what you are investing in and who your fees are paid to.

Summary

As you can see, cryptocurrency, while involving some risk, has many benefits. So, why not give it a go and be part of this fast growing opportunity.

 

For many owning their very own powersports vehicle, it is their most treasured possession. They view it as their favourite hobby, their ultimate way to relax, their way to build new friendships or strengthen existing ones, their way to unwind after a long day of work, or maybe they spend all weekend enjoying it after a long week at work. Especially since the start of the pandemic, people are using their powersports more often. But as they are so highly valued by those owning them, they are worth protecting and caring for in the best way possible. If you own such a vehicle, you will surely want to have good insurance so there is no delay in fixing any issues that may arise. But what type of warranty is best for your powersports vehicle? And should you get powersports battery insurance as part of your protection plan?

Getting the right type of warranty

This is something that will require some thought and research. It does not matter what jargon is used about how your vehicle comes with a standard warranty; this is likely no where near the kind of coverage you will want for that treasured possession of yours. If an accident were to occur, or some damage was done to your vehicle, you would likely still be left paying out a small fortune to have the damage repaired. I would highly recommend getting an extended warranty for your vehicle. With greater coverage, you can get on with enjoying your powersports vehicle, whilst also enjoying greater peace of mind.

Battery insurance for your powersports vehicle

Getting battery insurance is definitely something you should consider. The battery is a part of the powersports vehicle that is likely to need replacing more often than others. This is the case whatever type of powersports vehicle you are in ownership of. Obviously, some get more usage than others. For example, if you live in a city, you likely use your motorcycle for a daily commute into work, whereas if you own a jet ski, you likely use it more on the weekends when you can travel to some water. But whatever the vehicle, and however often you use it, battery insurance is something to think about. Again, it will offer you greater peace of mind and avoid any unnecessary costs in the future.

Summary

If you are considering owning a powersports vehicle, or even if you already have one, make sure you know exactly what your warranty covers. Be sure to do your research and look into the best options of extended warranties and battery insurance.

 

Money makes the world go round, and you couldn’t run a business without it. While you never want to cut corners in business, it is helpful to know where you can safely cut some costs, without sacrificing the good name of your business. Below are 7 simple tips that when used properly will save your business thousands every year.

Outsource as much as possible

Think about it. You’ll save so much money by paying a company a lump sum per month to undertake one of the tasks that aren’t your strength, compared to paying an internal member of staff a salary. Common things that businesses outsource include start up business accounting, marketing and IT services.

Look for sponsorship

If you’re looking to put on an event, to help expand your customer base, look for potential sponsorship. A sponsor is someone who will provide the necessary funding for the event to go ahead, in exchange for an amenity, such as their branding being visible. It is usually a good trade for both of the businesses.

Move away from traditional advertising

The rise of social media means that traditional advertising methods are out, in favour of cheaper options given on social media. All traditional advertising costs can be cut, in favour of an active Facebook, Instagram or LinkedIn page.

Embrace the work from home lifestyle

It’s not ideal for everyone, but working from home and hybrid working has become an integrated part of our society, and it is beneficial for our businesses’ funds. It means you can avoid the expense of office space and operating costs. It doesn’t have to be every member of staff, just some.

Move away from meetings

According to Harvard Business Review, meetings are a productivity and financial-sink for many companies. Reduce the number of people who participate in meetings, to keep things lean and productive. If possible, have the meeting take place over Zoom or Microsoft Teams, to save on travel costs.

Don’t pay for an underperforming employee

If an employee isn’t hitting the mark, it’s time to either cut their contract, or invest more in them to help them improve their performance. The interests of the company have to come before sentimental attachments to members of staff. Eventually, this attitude will take its toll on other employees, who will consequently start to underperform.

Go green

Going green is guaranteed to save your business money. Going paperless for example, will save the cost of buying paper, as well as the stationary that goes with it. With modern software, we can create an infinite amount of digital documents, to compensate for printed files.

Saving money will ultimately help your business to grow quicker. Cutting costs and investing wisely is a crucial part of being a business owner and sets those whose business will thrive apart from the businesses which will fail. If you ignore cost cutting, you are shooting yourself in the foot. Be savvy and apply the tips in this blog today!