All Posts in "Financial Technology"

A Guide to Crowdfunding for The Beginner
Source: Dreamstime.com

Crowdfunding has taken the world by storm and is now becoming a significant way for businesses to raise capital. The process may seem simple, yet there is still much mystery behind it that only comes with experience.

Crowdfunding allows entrepreneurs to reach out to their community of supporters to secure funding for their ideas and project.

What is crowdfunding?

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from many people, typically via the Internet.

Crowdfunding has been used in a variety of ways, including to raise money for social causes and nonprofit organizations; to produce or distribute creative works (such as films, music albums, or video games); to provide capital for businesses to grow, or to help them launch, and to finance personal expenses.

Crowdfunding can also be done without a financial return. If there is no expectation of profit, funding may be considered a donation.

This may be by a simple donation button on a website, but this would generally not be considered crowdfunding as the term is more commonly understood.

Kickstarter is one of many crowdfunding platforms that enable people to raise money for their own creative projects. Other notable platforms include IndieGoGo, GoFundMe, and Patreon.

How does crowdfunding work?

How does crowdfunding work?

Source: itnig.net

Crowdfunding platforms like Kickstarter and GoFundMe are designed to help individuals raise money for various projects. They’re not just for filmmakers or musicians anymore – anyone can use them!

The basic idea behind crowdfunding is that you pitch your … READ MORE ...

Jonathan Tucker by — August 10, 2022 in Financial Technology
Forbrukslån Lav Rente (Low-Interest Rates Consumer Loans): Types of Consumer Credits

Consumer credit can be people’s best friends, especially small business owners. It can also cause problems with an individual’s personal finances. We need to learn how to use, as well as when to avoid a consumer credit option. As we all know, credits are arrangements to receive goods, services, or cash now and pay for them sooner or later.

This type of credit refers to the use of a debenture for personal needs of families or individuals as contrasted to debenture used for agricultural or business purposes. Although this article focuses on credits as they affect people’s personal finances, their business and personal financial situations are intertwined as an entrepreneur.

Because of this, business and personal debenture management and standing are also related. Suppose a company gets into financial trouble by having too much debt. In that case, it will most likely affect the company’s profitability, which will also affect its ability to qualify for personal loans.

Want to know more about profitability? Visit this site for details.

On the other hand, it can also be true. If individuals are over-burdened by personal debts, business creditors who are expected to ask for their personal guarantees on debentures made to their small business may be less willing to offer loans to their company if they think their personal guarantees are little to no value.

Providing and using funds from a loan has become our way of life in today’s economy. This type of debenture is based on trust in people’s willingness … READ MORE ...

Jonathan Tucker by — January 7, 2022 in Financial Technology
Top 4 common mistakes in Crypto trading Profession

Cryptocurrency trading can change your life. It can help you to fulfill your dream within a short time. But to become a successful cryptocurrency trader, you must learn to trade this market with fixed sets of rules. Moreover, you have to avoid the most common rules and only then you can succeed as a currency trader. Never think you know everything about this market. Keep on reading about the crypto trading industry and it will definitely help you to avoid the most common mistakes.

As a trader, you can commit hundreds of mistakes in the retail trading industry. But this is not going to make you rich. You need to know about the most common mistakes at trading so that you can avoid them in the real market. Go through this article as we are going to highlight the top 4 deadly mistakes in the crypto trading profession.

Absolute uptrend

The new investors in the crypto market always think the market is in the uptrend. They never think that the crypto price might start moving in a new downtrend. As a cryptocurrency trader, you should keep in mind that the price of the cryptocurrencies will go through different phases of the trend. Unless you focus on the different phases of the trend, you will never learn to protect your trading capital from the sudden change in the trend. Learn to use the trend line in an effective way so that you can find reliable trade signals. If for any reason, … READ MORE ...

Jonathan Tucker by — September 21, 2021 in Financial Technology
Fintech Job Requirements – How to Start a Career in Fintech

Irrespective of whether you are considering finance or choose to commence a career in economic technologies, a career within the sector is a good decision. Within the coming years, FINTECH careers will see massive growth, and as more corporations and shoppers adopt new technology, there will likely be numerous high-paying jobs within this space. Listed below are some of the best positions in this field. Read on to study extra. And what’s the top way to get began?

Product Managers: A product manager operates to develop a method to sell fintech products and services for the suitable segment. They also operate with sales teams to recruit new shoppers and retain present ones. Information Scientist: A data scientist creates patterns from enormous data streams and helps organizations create new products and solutions, at the same time as uncover technique gaps. They may also assistance identifying underserved customers. A content writer might help people today fully grasp the business and turn into far more informed about the most current trends.

Marketing Manager: Monetary technologies careers demand a deep understanding of a company’s competitors. Marketers are accountable for building and implementing methods to boost profits. Product managers are responsible for guaranteeing an organization has the correct strategy to attain results. Company improvement managers oversee the company’s finances, set expectations, and implement new techniques. However, the finest opportunities are identified inside a large bank’s advertising group. The field is full of varied jobs, so a career in the field is extremely rewarding.

Product Management

… READ MORE ...
Jonathan Tucker by — August 5, 2021 in Financial Technology
Top 4 Mistakes That Traders Make

Trading is a profession that includes selling and buying financial assets during a specific period of time. This process can take a few hours or a few weeks. As this is a worldwide market, there are a lot of people involved in this profession. Involving is so much easy but making a consistent profit is difficult. There are some basic rules ad tactics that should be followed by investors. Then they can succeed very easily. At the very beginning of their career, they face some difficulties and make some bad decisions. These decisions can have a significant negative impact on your performance.

So, knowing about the mistakes and take the necessary actions to manage the problems will be so much helpful for a better result. Today’s topic is the top mistakes that traders in Hong Kong make. After reading this article, you will be able to know the mistakes and the overall result will be positive. Let’s find out more.

Top mistakes that traders make

Picking the wrong Forex broker

Charges and fees are not the same for all the brokers. The method of activities is also different from each other. Some of them have better support from their customers. But the most important thing is some of them are regulated, and some of them are not. You can use both types, but your capital is not safe if you choose an unregulated broker. Brokers often try to push the selected products they want to sell. Some of them also … READ MORE ...

Jonathan Tucker by — February 12, 2021 in Financial Technology
Smart Intraday Trading Strategies For Beginners

As they say, the stock trading game can last a lifetime. You have your whole life to hone your skills and perfect your trading strategies. It is true that intraday trading carries a high element of risk but the chance to make profits also exists. So, to give yourself a good chance at making a profit, you must learn some smart tricks of the trade.

Day trading

Day trading or intraday trading, true to its name, means completing the trade during market hours. You can enter and exit in a single day and the stock holding happens over a small period of time. The idea is to exit following a value appreciation, thereby gaining from it.

Short and long positions

Long and short trading are popular investment strategies. A long position is when you buy the shares intending to sell it in the long term for a profit. A short position is when you borrow shares to sell to another investor expecting a price drop. In this way, you sell the shares and buy them later at a much lower price, thereby making a profit.

Risk factor

From a certain standpoint, day trading alleviates the risk of trading. It eliminates the overnight and weekend risks of market forces. This is because day traders do not hold their positions beyond the day.

Day trading also focuses on profits resulting out of small movements in price. It is not a magic wand for getting rich overnight. Day trading developed a bad … READ MORE ...

Jonathan Tucker by — November 8, 2019 in Financial Technology
Why is a Tighter Stop-loss Considered Wrong ?

People have many ways to minimize their loss. One of the popular technique in Forex used by both professionals and novice traders is the stop-loss. This is a strategy where your trades are automatically closed if they reach to your set levels of price. This stop-loss orders do exactly what their name says. They save your money from being gone into the Forex industry. It is not possible for the people to monitor their trades all the time. It creates confusion and you also need to plan for the next trades after placing this trade. One way to close the trades automatically is by setting a stop-loss at your expected price level. When the price comes down and hit this level, your trade will be closed. Many people set this system to tight and lost their money even in natural volatilities. This article will tell you why you should not set your stop-loss too tight.

Give your trade some space

The new traders never want to give space to their trade. Most of them use a tight stop loss to limit their risk exposure. But if you do so the market noise will always trigger your stop loss. You need to give some space to your trade. If you stop loss price is too obvious chances are very high it will be hunted by the big investors. The experienced professionals in the Australian trading community always suggest using a wide stop loss. But when you use the wide stop loss … READ MORE ...

Peggy Bell by — June 25, 2018 in Financial Technology