4 common mistakes in the price action trading strategy

The price action trading system is based on the Japanese candlestick pattern. The Japanese candlestick pattern lets traders know about the direction of the market. Most of the time, naïve UK traders rely on the indicator based trading method and eventually they lose a big portion of their capital. You should never try to use a complicated method since it can make things really worse. You should learn about the price action trading method as it will make you a better trader. In fact, most skilled traders rely on the price action trading method because it allows them to trade with a high risk to reward ratio.

So, it’s obvious that pro traders use the price action trading method to improve their execution process. But this doesn’t mean you are going to make a big profit without facing any difficulties with the price action trading strategy. Today, we are going to highlight some of the key mistakes that can ruin your career even after learning to trade with the price action signals.

Analyzing the lower time frame

Analyzing the lower time frame is the most common problem of rookie traders. After knowing the basic price action pattern they start focusing on the minor details of the market and try to improve their win rate by trading the lower time frame data. But the smart traders at Saxo rely on the higher time frame. They know the noise associated with the lower time frame trading method. Does this mean, price action signals should never be used in the lower time frame? Of course not. To trade the lower time frame, you must use multiple time frame analysis. For that, you need to use a practice account to learn the process of studying different time frame chart.

Trading the reversal

Price action trading is not about the reversal trading strategy. In fact, this should be used to trade along with the trend. Being a price action trader, you must use a robust trading platform to get accurate price signals. The importance of having a professional trading platform is paramount. Read more to learn about the impact of a premium trading environment. Once you have a premium environment, you should try to trade in favor of the trend only. In fact, price action signals are mostly used to find the endpoint of the retracement. Once you learn this technique, you can easily make a big profit by trading the major trend.

Taking too much risk

Taking high risk after learning about the candlestick pattern is very common in trading. Most of the time, new traders get carried away by seeing the success rates in trading. But if you look at the experienced traders, you will see a difference. The more you learn, the lower the risk they take at trading. Due to this strong risk management policy, they manage to survive the most complicated situation in the market. Though it’s not easy to accept losses in trading, you can easily learn to do so, by limiting your risk to 1%. Always be prepared to accept losses from the very best trades. Once you get used to losing trades, you won’t have to face trouble at trading.

Breaking the rules

Breaking rules and taking aggressive steps to recover the loss are the criteria of the naïve traders. The elite traders never break rules even after losing 10 trades in a row. They are good at managing the risk and they know their risk to reward ratio is going to protect their capital. Without finding a good risk to reward ratio, you should not be placing any trade. Prepare a written plan and follow it strictly. Never break the rules of trading as it can cost you your capital. Be a disciplined trader to ensure your survival in this business.

Importance of considering forecasting when you want to invest

There are many reasons why forecasting is a vital part of the business. Over the years, probability and statistics have become some of the most important aspects of mathematics because of how they can be applied in our daily life. People now know the best way to do things, the best time to do things and the best people to do things with due to these mathematical concepts. A term that has a lot to do with the two concepts: probability and statistics, is forecasting. With forecasting, statistics are used to determine the success rate and failure rate of a particular condition and then the rate is used to create a probability of an event. In investing, statistics and probability can be used to monitor how an investment company has fared since it was founded and then forecast the probability that it would continue to do well and for how long, with time to time checks of the latest statistics to see if the forecasting is going a different way or not. You can read about PocketSmith to know how others have benefitted from the forecasting platform while investing. Here are some ways PocketSmith and other sources of the forecast can help you with investing in the right company.

Helps you to know the type of stock to invest in
There are often many types of stocks that you can invest in. Some stocks do well more than others, some stocks that are currently no doing well have the probability of doing well and others that are doing well have the probability of dropping in performance. With forecasting, it is possible to predict to a very large extent these trends with the hope of getting people to make the right decisions when they want to buy stocks in a company. Even though forecasting and anything prediction can never be perfect, its high success rate has made it a major factor people consider when buying stocks in a company.

Helps you to know the type of investment you can invest in
Forecasting has helped a lot of people to decide the type of investment they should make. Apart from buying stocks, there are companies where you can give your money to do business with at a profit including banks and there is the real estate sector among several others. With forecasting, an individual can consider the amount of money they have and check through all the different investments that capital can go into. They can subsequently decide with the one that they feel is the most profitable, have the most information about or the business with the least risk.

Helps to know which companies you can loan money from
Another thing you sometimes have to do when you want to invest or start a business is loan money. You must loan money from the right company as well if you want to make progress. Forecasting can help you know which companies you can loan money from, that you would most likely not have any future problems with.

The Future of Automated Warehouses

Robotic technology and automation are vital features that will transform warehouse operations in the future. In the ancient days, robots were quite bulky and limited in the functions they could perform. Nonetheless, technology and innovation have improved what robots can do in different fields such as factories, farms, and hotels. The impact of robots has been profoundly felt in the warehouse. Characterized mainly by simple, repetitive activities, warehouse work has been a primary target for increased automation.

According to research, the global robotics market was estimated to be $4 billion in 2017 and is expected to surpass $6 billion by 2025. This means that several companies are automating their warehouse activities by embracing robots. The primary reason for automating warehouses is to cut costs by reducing the amount of labor needed for warehouse operations. Lowering costs increases productivity and enables better use of building space.

Automating Warehouses: What It Means

Furthermore, when combined with useful data and integrated systems, the use of robotics in warehouses provides greater agility and responsiveness. For example, a warehouse may receive an order at 14:00 and facilitate shipment by 14:30. The ability to rapidly process orders enables goods to be shipped within the required time.

Automating activities in the warehouse promotes health and safety, especially if the warehouse stores hazardous items. This eliminates health and safety risks. For example, during stocktaking, you can use a small drone with a camera that can inspect a pallet stored 12 or more meters high. This is to mean no more risk, no more safety harnesses, and no more special lifts.

Robots can be designed to function in various areas within the warehouse. For instance, you can have robots for storage purposes, which can include all types of cranes, retrieval, and automated storage systems. By installing a robotic module, you can also have automated guided vehicles (AGV) working outside of the warehouse.

Here are some of the features that will have the most significant impact on the warehouse in the future:

Warehouse Technology and Instant Inventory Tracking

Surveys show that warehouse operators and constructors such as Smart-Space are implementing innovations to build on warehouse efficiency. This includes radio frequency identification (RFID) tags attached to every item. This will convey instant data to and from the warehouse and inventory management gadgets, enabling operators to use mobile devices to track inventory from the time it arrives.

Hyper-Connected Facilities

Hyper-connected warehouses will have operating systems installed in a highly advanced matrix to host the developing blade of technologies. The modern-day warehouse holds bandwidth for technologies such as RFID scanning, barcoding, IoT, and other future technology innovations that may occur. With this technology, warehouse operators can make wiser decisions.

Conclusion

A shortage of human labor has inspired the need to treat workers well. This has inspired features such as air quality sensors and temperature controls, which are designed to improve the working environment. This reduces employee turnover and other health and safety risks.

The plastic bag ban is great for paper bag manufacturers around the world

Plastic bags have come under heavy attack in recent years due to the heavy pollution they cause both in our waterways and our cities. This poor publicity has led to more people adopting more eco-friendly alternatives.

Whilst plastic bags are still widely used around the world paper bags are becoming increasingly popular as many countries have started to disincentivise or flat out ban plastic bags. Here are some of the different ways paper bags are being introduced around the world. 

Increased demand for biodegradable bags in India

Plastic pollution is a big problem in India and the government is trying to do something about it. On October 2, India started to initiate the ban on 6 plastic products in the country. This concluded of plastic bags, cups, plates, single-use bottles and straws.

The move is attempting to cover all aspects of the economy in India, from manufacturing to usage and imports. This ban has provided a good opportunity for paper bag manufacturers in the country. Production has stepped up with ecofriendly paper bags being favoured over plastic ones.

The growth of the paper bag industry in the country is being supported by the wider growth of the paper market. The rising demand for education and increasing literacy rate is leading to a lot of ‘paper moguls’ taking advantage of the gap in the market.

Paper bags are being increasingly adopted in the UK

Every week it seems that a new retailer is seeking some positive publicity by adopting paper bags in their supermarkets. Beyond the main shopping bags, now bakery and vegetable smaller bags are becoming more paper-based. Tesco is the latest business to offer paper bags as part of their shopping experience. In addition to this suppliers to Tesco have been told that the supermarket reserves the right to refuse items that use too much or hard to recycle plastic.

Make the switch to paper bags for your business and the environment

The public in the UK and in other countries are increasingly wanting paper bags in the stores that they shop in as they are better for the environment and often have a more quality feel than plastic ones. Luckily there are plenty of paper bag suppliers out there with the expertise to meet the new demand for their product.

What Does AML Stand For?

AML is an acronym that stands for anti-money laundering. It is a set of regulations, procedures and laws that attempt to stop criminals from being able to disguise the funds they illegally obtained as being legitimate income. AML solutions are created based on AML laws that cover different criminal behaviors and transactions. These have far-reaching implications.

As an example, AML regulations force banks, together with numerous other financial institutions, to follow specific rules. They are set in place with the purpose of stopping money-laundering procedures. Policies are overseen by AML compliance officers. These specialists make sure that financial institutions are fully AML compliant.

How Does AML Work?

AML regulations and laws target various criminal activities. This includes illegal goods traded, market manipulation, tax evasion, public funds corruption and market manipulation. In addition, methods that are used in order to conceal such crimes are targeted, together with money obtained through illegal activities.

Criminals basically want to launder money illegally obtained through some acts, like drug trafficking. A common technique used is running money through legitimate businesses that are cash-based and owned by the actual criminal or the confederates. The legitimate businesses deposit money and criminals withdraw them.

Money laundering can also sneak some cash into a foreign country in order to hide it. This is usually done through small increments so that suspicion does not appear. Launderers can also invest money, usually with the use of dishonest brokers that ignore rules in order to receive really large commissions.

The money launderer usually wants to disguise the money that is illegally obtained. This is done by running everything through some legitimate cash businesses.

Financial institutions need to monitor the deposits of their customers, together with all other transactions. The goal is to verify that the customer is not a part of a scheme that involves money laundering. Institutions have to verify where the larger amounts of money originated. Then, they have to monitor suspicious activities and always report the cash transactions that go over a specific amount of money, like $10,000 in the US. Financial institutions comply with the AML laws and have to be sure that clients know them.

Law enforcement agencies often analyze financial records in order to find suspicious activity or inconsistencies. The current regulatory environment means that extensive records are being kept about literally all financial transactions. This is especially the case with the larger ones. If the police manage to trace crimes to perpetrators, using financial transactions and their records are great proof.

In many situations, like larceny, embezzlement or robbery, police officers can return properties or funds that were discovered through money-laundering investigations. As an example, when agencies discover money that was laundered by criminals in order to cover up some embezzlement, a law enforcement agency can trace back funds to the actual victims.

The most common AML method is called AML holding. It is when funds are kept for a time frame with the purpose of verifying everything about the transaction. This alone discovered numerous illegal activities until now.

4 different ways you can advertise your business with physical merchandise

Advertising your business can be a costly endeavour, especially in the offline world where there is still a premium on ad real estate. However physical advertising exists outside the world of billboards and magazines. Here are 5 interesting ways you can promote your business through packaging like wholesale paper bags and letters.

  1. Wholesale Paper Bags 

Wholesale paper bags are great for the environment and with a little ingenuity, they can be great for your business. The material used in high-quality wholesale paper bags is great for both digital and screen printing which is great for giving you the best logo possible. Wholesale paper bags are a staple at careers and networking fairs 


2. Recycling Bins 

This is a bit of a funny one, but you would be surprised at the number of recycling schemes that are out there. Getting in touch with a few will help you do your bit for the environment and (potentially) put your joint branding on the recycling bin.

This could help you not only get your branding in front of new customers, but also appear more environmentally friendly which is becoming increasingly important to customers. 


3. Letters 

If you are in a business where you find yourself distributing items to customers via post you have an opportunity to get your brand through customer’s letterboxes. If you are a retail business make sure the branding on your wholesale bags is consistent with that on your letters to customers to hammer home the message. 


4. Stickers 

A relatively inexpensive way you can distribute branding to customers is through stickers. Giving these to customers at events and fairs along with some branded wholesale paper bags will reinforce your business in the minds of potential customers. 

Make sure the products you are advertising on is high quality 

Getting your logo in front of customers is a great start however if the merchandise you are advertising on is easily breakable then it will make your business appear cheap and unprofessional. To stop this happening make sure you go with a supplier that has a track record of delivering excellent merchandise to customers. 

Building An Effective Web Presence: Tips For Business Beginners

Building your business in the technology era means that you have to know a little bit about how to use the digital tools placed before you to gain followers.  The web grants you a nearly infinite ability to reach consumers, which is invaluable for any size business. 

The best news is that it won’t take you long to dig your toes into the proverbial sands of the digital world.  The best place to learn how to spread your purpose on the web is the web.  Start here, and read through a few simple tips for beginners that will help you build a more effective web presence. 

Spice up your business website

A stale business website won’t add much to your organization, because it won’t draw much web traffic.  Without specific design elements, your website may as well not exist.  No traffic means no views.  No views means your website is dead. 

You need to invest in building a business website that has some very specific foundational elements.  For starters, you need a great “Contact” page.  You need targeted keywords and phrases within your text, and you need high quality images with fast loading speeds. 

Learn to use social media to your benefit

Social media is essential to building a presence for your business online.  Start by adding simple and recognizable sharing icons to your business website and any other digital content your company disburses. 

Then, work to build your business presence on social media by creating a few profiles on some of the most suitable social media sites on the web.  Keep your social media profiles current, and add new, engaging materials on a regular basis. 

Start scratching the surface of SEO

If you’re not best friends with SEO (search engine optimization), then you need to introduce yourself.  SEO will help you create more efficient content for the web.  SEO will help you reach your target audience with more precision, and good SEO tactics will land your content at the top of the SERPs (search engine results pages).

Reach out to your mobile audience

Don’t forget to include the millions of web users that use their mobile devices to access the internet each day.  Your content should always be optimized for mobile access and engagement.  Mobile users dominate the webwaves of today, and your content is much more effective when optimized. 

Analyze traffic data for efficiency

You’ll never know just how effective your digital content is at reaching your target audience without adding some checks and balances to your standard operating procedures.  You have to analyze your traffic data to gather valuable information about the patterns of web users pertaining to your industry.