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The Technical Analysis Chart- Bar Chart And Candlestick Chart

The Technical Analysis Chart- Bar Chart And Candlestick Chart

Because of the limitations of the line chart, the bar chart was discovered. The bar charts displayed the open, high, low and close of the stock in a time period and thus were a better alternative to the line chart.

  • The bar has three components. This is the central line which connects the high of the stock to the low of the stock
  • The left mark is the open price
  • The right mark is the closing price of the stock.

Thus the bar chart allowed plotting the four different price points on the chart. Thus a single bar represented what the price did in a certain time period.

When the close of the stock is higher than the open then this means that the bar is bullish. When the close is lower than the open then the bar is bearish. There was also color coding to distinguish the bullish form the bearish bars. The range of the candle is the difference between the high and the low of the bar.

When the range of the bar is high then the line is long. When the range is less than the central line is short.

The bar chart thus plots all the four price points; however, it still was rejected by many because it lacked a visual appeal. This makes it a disadvantage because it did not let one spot the patterns easily with the naked eye. The complexity also started to increase when there was a need to analyze many charts at a time.

This is why the bar chart was rejected by many. However, there are some traders who still use bar charts to analyze the trades. This led to the Japanese candlestick charts and the candlestick chart is what is used by most of the technical analysts today.

History of the candlestick chart

Continue reading as its name suggests traces his origin to Japan. The earliest known candlestick chart was used by Homma Munehisa in the 18th century. He was a merchant.

The candlestick has been used for a very long time in Japan. The western countries did not know about it. This was discovered accidentally in the 1980’s by Steve Nison and introduced it to the world. He was the first to have written a book on the candlestick charts.

The pattern that you will come across on the candlestick charts mostly use Japanese names.

Debate On Ethereum And Bitcoin

Debate On Ethereum And Bitcoin

The debate on which digital currency to choose for your small business is very really very tricky and the debate is never ending as both Ethereum and Bitcoin are both strong market contenders.

In the recent days, the market has got flourished with a large number of digital currencies and many of them have some good and exciting new characteristics.  But when it comes to choosing the digital currency the small business tries to choose the top two currencies rather than choosing any new in the market. But choosing between the two is not so easy as both come with a lot of pros and cons.

While choosing a leading cryptocurrency one must understand the differences and similarities between the two. But you may get driven by the philosophy behind them, both Ethereum and Bitcoin provide exciting investment options and you can exploit them for trading. But if you are in debate on choosing either of them for your small business several key factors should be kept in mind:

  • Popularity of Bitcoin

Ethereum is catching up Bitcoin popularity and has jumped over the heap of many other digital currencies. One of the reasons behind the popularity of Bitcoin is its payment system that can make your business very attractive and many adopters are already out there.

Many people think Bitcoin as a digital currency only and do not realize the fact that there can be some other kind of coin in the digital realm.

  • Application of Ethereum

One of the advantages of Ethereum over Bitcoin is the fact that it is far more than a currency. It allows the people to utilize its platform to create their own applications. The smart contract of Ethereum can be easily incorporated into business applications. It is a one-size-fit for all kind of coin. You can not only use it for clearing your debts but also it helps you with many more things.

  • Some other factors

The popularity of Bitcoin has reached such a height that it can be sold easily to the willing buyers while Ethereum is less liquid compared to it. But Bitcoin is far more volatile as it bears the brunt of threats from the regulatory bodies, who tries to crackdown the Cryptocurrency. Ethereum is not as valuable as Bitcoin right now.

Before deciding on any cryptocurrency you must take your time and consider both positives and negatives and then only enter it into your business system. Click continue reading for more information.

 

 

 

Broad understanding of the financial market

There are few concepts which you need to learn about before you venture into trading in the financial market. These concepts are understanding about probability and the relation between demand and supply. It is very much important for you to understand the workings of the market in order to devise the trading strategy. However, if you are using the help of software like bitcoin loophole to trade in cryptocurrencies online, then you don’t have to get the in-depth knowledge of the market unless you wish to. All the market study and the decision to trade are taken by the software itself on auto-pilot mode. A full report about the software can be learned here.

Understanding the market forces

Forces of demand and supply are simple economics.  It is quite easy to understand. Whenever the sellers are more than the buyers, the process of the goods and services will go down as there are more products or asset in the market and there are no takers.  Whereas, when the buyers are more than the sellers then the price will definitely go up as there will less product to satisfy the demand of everyone.

Price in the market will go up, stay same or go down. Hence, the number of people buying and selling definitely affects the prices.   As long as the buyer and seller exist, there will be a market. At one point in time either the seller or buyer is making a profit as long as there is a change in pricing. This is the concept of demand and supply.

When the market s fall

There is no guarantee on the international and economic growth. Sometimes it would be growing at a good pace while sometimes it would be contracting.  In the history of the market, the economies have grown more compared to the times they have been contracted.  In the period of market contraction, the demand will fall and there would be over-supply. Hence these periods’ prices will fall.

As an investor or trader, you should be able to foresee the future market conditions. You need to be aware of all the political and economic conditions existing in the country and in the world and their impact on the market.  The ongoing process of studying and research is required to face such situations. You will also have to be prepared with a trading plan on how to manage these situations or else you will be losing all your money.

Blogging As A Business

Blogging As A Business

we hear a lot about blogs and sites, about anything and everything. Blogging isn’t all about writing alone. there can be photos, videos, and many other interesting factors to define your passion. Blogging is an outcome of your passion, and it needs to be nurtured and bought out carefully.

We see a lot of new blogs every week on the net, they are of all genres, ranging from cookery to life hacks and others. there are blogs that pertain only to the home organization, while others are only about empowering women; we can find a news feed being reposted and made more public.

You can start blogging as a business, with a little capital investment. So, what sort of a blog should you write? Or even start? Well, that’s your passion, but at the same time when you are thinking of converting passion into a business, then you must try to work on ways to increase your flow to the business; so, choose a niche or topic that isn’t mostly found on the net.

In case you are not comfortable with a new topic, then you can change the way you bring out the blog, at least be expressive in a way that others are not!! Chang your style, create a strategy and structure for your blog and be different from others to attract customers.

Making money from blogging is the trend now, apart from this you can also try your hands in crypto trading. Find out more about crypto trading and its best platforms here!

Here’s how you can make money from blogging too:

Ad network:

We see advertising everywhere!! Every alternate page on the net comes with an ad, and that’s the norm now!! So, why do you differ in that? Add ads of contents that will be an added advantage to your web blog, like if you are running a blog of home essentials, then host an ad about decorating your home, like home center or dollar store ads, people will find productive coming to your page.

Google AdSense:

This is the basis of all other internet ads, where the ad is pay per click. So, you get paid in small amounts when someone clicks on the ads. Google is great in that content, which gives you a code to display, and they are smart who give you ads relevant to your content, so they save your information from going unheard.

 

A Keynote On The Various Aspects Of Internal Auditing

A Keynote On The Various Aspects Of Internal Auditing

Traditionally, the internal auditor was mainly assigned with the job of verifying the mathematical accuracy of the financial transaction accounts and other assets like stock or cash with the help of different receipts and other documents provided by the business organization. In addition to this, the modern task assigned to the internal auditor includes preparing a well-organized procedure to evaluate the efficacy of the operating programmes which is further needed to measure the effectiveness of excised controls.

An internal audit strategy is almost similar to the professional auditing programme. However, it may vary depending on the size and needs of different institutions. Moreover, all the corporate business firms keep a salaried qualified staff specifically for the auditing purpose. The main duty of the internal auditor is to confirm that every sector is working economically without any wastage. He should abide by the law and follow norm auditing procedures along with the awareness of the enterprise working principles for the betterment of the business management.

Find out more on the goals of an internal audit

  • To validate the correctness and authenticity of all the transactions and its records presented to the management
  • Make sure whether the business practices strictly stick to the accounting principles or not
  • Ease the management operation by early detection of errors and other faults that leads to wastage
  • To assist in the authorized transactions carried out by the organization leading to the effectiveness of the business
  • Analyse periodically the internal checking advised for the enterprise and to carry out special investigation procedures for the executive.
  • To showcase that the liabilities are properly met by the business firm for the authentic activities.

The extent to which all these factors are considered depends on the official employed for this purpose and an internal audit becomes successful depending on the wider opportunity granted to them to investigate the business transaction from different angular aspects. He should be independent enough to take the appropriate decisions and actions on behalf of other accounting staff members of the organization.

The relation between the internal audit and the statutory audit

Even though both these internal and statutory audits share the common goals, the soundness exhibited by the internal type discharges the statutory from the need for a detailed account checking. The statutory auditor even takes the detailed reports of verification made by the internal post to presenting test checking on the effectiveness of the internal audit.

Is a Decentralized exchange the future of Crypto currency trading?

Most of the investors who have not jumped into the Crypto currency trading bandwagon are feeling the pinch of it today, the growth of the digital currency is phenomenal which has fluttered the feather of many exchanges who are still grappling to find a hold on the ever-increasing price of a famous crypto currency which has crossed over a million in terms of pricing. Centralization of digital currency like crypto brings in the similarity of exchanges holding the money, which can be of no use unless one can withdraw it with ease.

The early purpose to which lead to the birth of crypto currency was to break away from the traditional banking, policies, regulations leading to the growth of a parallel economy in tune with the traditional trading methods, except that the mode of exchange was digitally coded complex numbers in form of an exchange medium for services, trading across any part of the world. The challenges faced by Crypto currency exchanges are similar to the traditional banks, however, the amount of speculation is still high, but with more acceptances across many countries, they found a firm ground to hold on and be traded along with the other physical currencies.

Is Decentralized Crypto currency the future exchange medium?

  • tracking of transactions are faster and done smartly by weeding out the third party element, making it faster to verify the transactions which otherwise would take weeks together,
  • controlling finances of individuals will be in their own control rather than relying on fund managers, agents, as there is not controlling authority, no exchanges or servers to regulate the trades
  • with a wide set of offerings from different organizations, there is no set of rules to be bound with, spotting the bad egg from the basket of eggs wholly relies on the investors who can choose their customized trades from the software platforms which are heavily trading on forex crypto currencies ,Bitcoin Loophole is a new platform to trade form the crypto currency trading investment tool which has a good winning ratio and has a simple registration process, enabling all users to trade efficiently

Since there is no underlying asset holding in crypto form of trading, investors are still in the exchange medium of trading where they have a share in the stocks of the company, which makes the future of decentralized crypto markets to be falling into the mainstream of centralized economy parallel to the mainstream trading economy.

The Digital World today

The new trend

The digital currency also is known as cryptocurrency rules the business world today. It is nothing related to the stock market trading or its ways, likewise, it is trading with coins which take the value of the stock. Because of its uniqueness and simplicity of operation people are much interested to invest in this and make huge profits. Also, they are becoming a part of the digital world which is not a fantasy anymore.

Taking this opportunity of online trading, programs or applications like the Ethereum code have taken the advantage to curb their market into this fast-paced world of technology.and it needs to be seen as the way to reach to invest in the stocks and make profits the easy way. You need to understand the entire process and working on this system before you can decide on-“ is it a scam or legit one?”

How can you decide if crypto trading is really fruitful?

Hence before you could decide to choose such systems to invest and see the real profits, it is much needed to understand certain facts about the underlying cryptocurrency. let us take a quick look at the few of those interesting conceptual facts:

  1. The founder of the cryptocurrency is unknown. Though there are many new systems with a founder to its name, the real founder is unknown. An interesting truth indeed!
  2. The currency in this market is This tends some of the valued investors to keep away from these coins.it can either make huge profits or heavy losses. Thus it is a risky sector.
  3. The wallet is very important, where you can store your coins. Therefore if you lose this wallet, then you will lose your currency entirely.
  4. The number of cryptocurrencies are around 1500 and still counting. There is a vast future for this currency market.
  5. There is no central agency which supports this currency. There is no data storage possible. This decentralization is the main element here. Therefore there is assurance that there is cyber fraud prevention to the maximum extent.
  6. These cryptocurrencies operate 24/7 and they are not hindered by any time constraints at all.
  7. There are more than 6 million wallets with cryptocurrencies. Each of them is unique and attractive in their own ways. These are increasing with more and more investors who show interest in these.

These facts show how the crypto world is evolving day by day and aiming at a bright future ahead.