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September 2017

Forex

A brief overview of the scalping system in Forex

by Abram Jayce on

There are a lot of people in Forex who are making a very good money. Some of them are professional and others are part time traders. As this market is very risky, it is better for traders if they trade the market for a part time. This article is going to tell you about Forex scalping, a type of strategy which can give you a large amount of money in a very short time that you cannot imagine. There are numerous strategies in Forex and traders are following many of it. Sometimes they use more than one strategy and trade the market for making more profit. Sometimes they use longer time frame strategy to trade the market and keep safe on the long run in the market. Scalping is a strategy which is used by traders and it is short time strategy. We are going to tell you in details about scalping.

What is Scalping?

Scalping is a name of a strategy in Forex. It is a very short time frame strategy and before the market has another movement, you can make your money and exit your trades. Today many people in Singapore are entering the Forex market and they are looking for a short time frame strategy. Scalping is perfect for them as it allows the traders to make money in a very short time. But everything has its two sides and we are also going to tell you if you should really start scalping in Forex.

Scalpers take the largest risks

Traders who scalp the market are called scalpers and they take the largest risks in Forex. You should know that you cannot scalp the market if you have only 10 dollars in your account. Scalping is not for everybody. If you want to make money from scalping, you need to have a very large account where your profit in pips will be large and most importantly you need to trade with a reputed broker like Saxo. This is why when they lose some pips in Forex, their loss is also very large. Not all traders scalp in Forex. Only the professional and experienced trader’s in exchange traded funds community scalps the market. Day traders also take risks like scalpers, but it is nothing to their risks when scalpers trade in Forex. They have to place their trade on market with a large lot size. If their trade is lost, they do not lose only some dollars, they can also lose their account also. This is why scalping is very risky and you should think twice before scalping.

Scalping is only for the experienced professional

Currency pair can be traded in a number of different ways but this doesn’t mean that you will be able to trade with all system. In fact, most of the new traders are losing money due to lower time frame trading. When you do the technical analysis in the lower time frame you are actually participating in high-risk trading. Most of the time the lower time frame generates false trading signals and it’s not possible for the new traders to filter this signals. However, over the period of time, you will gain experience which will help you to master the art of lower time frame trading.

How to become scalper

The first that you need to do is learn a lot about this market. The professional scalpers are the most experienced and knowledgeable person. They easily make a huge amount of money by trading the high impact news releases. Instead of using the indicator based trading system they use the market support and resistance level to trade the price action confirmation signal. But it’s not like that they will always have winning trades. Since losing is part and parcel of the trader’s life, the expert always uses the advance money management technique to save their investment.

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Trading

Indian Handicrafts: The Second Largest Employment-Generating Sector of India

by Abram Jayce on

The Indian handicraft industry, which was earlier regarded as the cottage industry, has grown really big over a period of time and today it is a good foreign revenue generator. The country has always been a major exporter and supplier of handicrafts to the world market. The Indian handicraft exports reign in the low-end of the global market because the labour cost in India is not high.

The Indian handicrafts are loved across the globe with people getting attracted by the amazing creativity of the artisans here. The list of handicraft items that these artisans create is long and many of these things are exported. There are wooden handicrafts, tribal arts and then there are marble handicrafts. While the artisans who actually produce these amazing pieces are restricted to rural areas, it’s the marble handicrafts suppliers that act as a link between the artisans and the marble handicrafts exporters. They procure these items from small workers and then supply them to the exporters.

The Indian handicrafts industry is actually very labour intensive and is mostly concentrated in rural and semi-urban areas. This sector, which today offers employment to more than 6 million artisans, is the second largest employment-generating sector in the country with agriculture being the first. A large part of the workforce in this segment comprises of either women or people from the weaker sections of the society.

These people are gifted, but are mostly uneducated and don’t have any business sense. They don’t have the capability or the intent to grow big by showcasing their art to big buyers. This is where the middleman comes into picture – he gets stuff from them, even helps them with loans and then supplies the products to big enterprises cutting down a big margin for himself. These big enterprises then sell these handicraft items in big cities, malls or export them.

If we talk of marble only, then the top ten quarry stone producing countries account for nearly 93% of the world quarry stone output. This stone has always been associated with some of the most intricate carvings since centuries. The monument of love – ‘Taj Mahal’ is a unique example of a structure made of Marble. The stone is preferred even today for idols, vases and a range of handicrafts that need fine carving.

The artisans carve out beautiful breath-taking designs from these marble items and then the product is polished to give it the perfect glossy shine. For export purposes, the marble used is of the highest grade and quality and thus it is both stain-proof and chip-resistant. Most of the marble items are highly durable and have a high tensile strength that makes them the preferred choice.

People love to gift marble items to friends and relatives on various occasions because of their attractiveness, durability and reasonable prices.

If you are an artisan producing handicrafts and looking to find direct buyers or if you are a supplier of various handicraft products, explore handicraft buyers on go4WorldBusiness.com.

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