Do You Trade for Pips Or Profits?

If you ask currency traders this question, 90% of them will answer for profits. That is why there is a 10% success rate in Forex. Traders who are among the 10% success rate like to trade for pips. They do not care for profits or gains. To them, efficiency and consistent profits have the most priority. If you are a novice trader, embrace this idea. It will help you develop a positive trading mindset for Forex. When you concentrate on pips, you will have a better awareness of the market conditions. It also helps to choose the best pairs to trade. Moreover, traders understand the necessity of risk management.

A strong trading mindset always focuses on the outcome from signals. To succeed in Forex, forget about profits. Instead of it, take your time and establish a strong trading technique with efficient tools and strategies. To improve skills, use a demo account and practice your plans with demo trades. It helps to understand flaws in your approaches.

Prioritize good trade signals

To attain pips in trades, you must find good signals. And for that, you will need extensive market analysis. Both technical and fundamental analysis is crucial for an efficient market study. So, one must understand both to improve efficiency. A demo account is the best place to learn market analysis. As technical analysis is sophisticated compared to fundamental analysis, traders can spend countless hours learning it. You can also study the fundamentals of the market movement. Thus, you can establish … READ MORE ...

Making Venture Capital Loans – Important Things That You Should Know

You have probably heard a lot lately about venture capital loans and how they can be so beneficial to entrepreneurs. But what exactly is a venture capital loan and what are its advantages over conventional loans? Well, you may already know that venture capital loans are a type of private loan given to an entrepreneur based on the success of their previous business venture. This means that they were able to successfully repay the loan in a shorter period. And this is the main advantage of venture capital loans – the fast turnaround time.

But then what are the disadvantages of venture capital loans? And why should you consider them instead of conventional loans? First of all, there is a very high risk involved with these kinds of loans. Since the venture capital funds will be coming from private sources, you have to take that much risk just to get it. And you are also required to give up part of your private equity when applying for a venture capital loan.

So how do you manage this risk? One thing you can do is to take out a loan at a lower interest rate than the usual market interest. You can also get a co-signer to back your venture capital loans. This way, even if you don’t pay the full amount of your venture capital loans, you don’t lose everything.

However, risks aside, you still have other disadvantages when it comes to venture capital investment. One of these is that … READ MORE ...

5 Benefits of Accepting Payments Using UPI Enabled Payment Gateway

Launched in 2016, Unified Payments Interface (UPI) has become the most popular payment option in the country. It has even left behind credit cards and debit cards in this aspect. This payment method allows customers to link their multiple bank accounts on a single platform, which is usually a simple mobile application, and make payments in seconds without filling in any banking details. Today, almost every other customer prefers to make payments using UPI rather than using any other option. This is the main reason why every business must use a UPI enabled payment gateway to make their operations frictionless. The best part is, you can easily find a free UPI gateway for which you don’t have to pay any additional charges. Keep reading to find out the 5 biggest benefits of using a UPI enabled payment gateway!

What Is UPI?

Unified Payments Interface is a real-time payment system designed and launched by the National Payments Corporation of India, with an aim to help users to make instant payments. It was launched back in 2016 and is powered by the Reserved Bank of India.

Soon after its launch, reputed local banks released their own UPI applications. And not just that, many third-party services like Google and Phonepe also launched their UPI apps, which are among the most used UPIs in the world today’s world.

Within a couple of weeks of launch, ICICI’s UPI app has crossed 1 lakh downloads, such as the popularity of this payment method. After some time, … READ MORE ...

All You Need To Know About Gstr 1 Return Filing

The Goods and Services Tax has different types of systematic tax-paying methods. Gstr 1 return filing form is one of the many. It is a detailed tax return form that was introduced during the reformation and application of the Indian tax system through GSTN. Every registered taxpayer whose annual turnover is more than Rs 1.5 crore has to submit the outward supply details on the 11th of every month by filing gstr 1 return. Individuals whose turnover does not exceed more than 1.5 crores have to file the gstr 1 return quarterly.

What is Gstr 1?

As mentioned earlier, gstr 1 is a type of document where every registered taxpayer has to mention the details of their transactions. It is the initiation of processing input credit tax to the supplier. All the details of sales and supplying of goods need to be reported by the supplier during the tax period. It is also to be noted that even if there is no transaction that occurred in the entire month, the taxpayers still will have to submit gstr 1 return. Taxpayers can also continue submitting their invoices each month.

Who does not need to file gstr 1?

Following individuals are not obliged for gstr 1 return filing:

  • Individual responsible to collect TDS
  • Taxpayers eligible for TDS collection
  • Online Information Database Access and Retrieval (OIDAR) Services suppliers
  • Taxable individuals who are nonresidents
  • Taxpayers registered under the GST composition plan
  • Input Service Distributors (ISD)

Features of Gstr 1 return form

Following are the … READ MORE ...

5 Golden Traits of The Successful Retail Traders

Professionals are capable of adjusting to the market at any position. You can take the decision logically because you have good knowledge about every single scenario. Experts are not bothered about their results. They always focus on the action which makes them different from others. 

For the newcomers, it is important to explore the special attributes of the pro traders to trade like them. Now, we will discuss the unique characteristics of the investor that will be helpful for the newcomers. 

Self-restraint 

Taking the quickstep can be the reason behind the big failure. So, professionals avoid this. You keep their patience for grabbing the better opportunity. You know that if you do not get the opportunity, you can’t improve. Elite investors always analyze the position of the trades after that you decide the steps. Traders have to understand what is suitable for them and what is not. Pro investors wait for the good options and take the trade by determining the success rate. If the newbie wants to get success, you also have to keep the patience for getting preparation and find out the right trade. Excessive restlessness can force you to invest the money in the wrong section. 

Set an achievable goal

Before setting the goal, consider what you want from the market. Stop day-dreaming because it is a practical place. Pro traders set the right goal and also fulfill this. Traders are required to trade by adopting the systematic approach. If you fail to set the target … READ MORE ...