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In Business

Is it Profitable to Use Crypto Trading Bots?

July 13, 2021 No Comments

Yes, it appears more profitable to use crypto trading bots than to do the trading manually. As much as more crypto experts are switching to trading bots for more efficient trading, others have argued that trading bots are less profitable. That may not be entirely true because a good crypto bot would save you time and provide huge profits.

More so, these days, getting a crypto bot is not as difficult as it used to be. In the past, only rich traders or companies had crypto bots. Take note, not all crypto bots are worth a purchase.

Features of the Best Crypto Trading Bots

Apart from other outstanding features of crypto trading bots, one of the most notable is that it saves time. For instance, with the crypto bot, you can trade round the clock and actually be present. Below are features of top crypto bots:

Beginner-Friendly : A crypto bot should not have a complicated layout for beginners to understand. A good crypto bot should be beginner-friendly and easy to use. Experts have suggested that crypto bots should be designed as if they would be used by students in high school. At least that way, a trader can configure the bot without any hassle.
Time Saver : Depending on the market, you may need to trade all night to make a profit. However, with the crypto bot, you can go to sleep while the bot does the trading. Losing sleep constantly can cause some health issues. So opting for a crypto bot that trades round the clock is the best option.
Fast : regarding trading cryptocurrencies, speed is a very important virtue required to enjoy trading with a bot. While it may take humans a whole day to carry out a particular trade, crypto can do it in less time. Also, bots can take advantage faster. They can make an order regarding an offer before it closes.
Price : While you may find crypto bots that ask for a fee, some offer free services too. Nonetheless, it is better to opt for cryptocurrencies for a fee than to use the free cryptocurrency version. However, if the crypto bot offers a demo version before you buy it, you can opt for the crypto bot to understand how it works.

What to look out for before Investing in Crypto Bots ?

Before you invest in a crypto bot, you need to ask some questions. Don’t invest in a crypto bot by asking the following questions:

What is the professional experience of the senior traders ?
Are their algorithms popular ?
Is their success linked to yours ?

When you get good feedback, then you can get the crypto bot.

Wrapping Up

Like every other thing, the crypto bot also has its disadvantages. However, on a scale from 1 to 10, using crypto bots can be ranked at 8.5. The risk is lesser and it provides more gains. However, make you get a crypto bot that is tried and tested. Visit napbots.com for the crypto bot. {“mode”:”full”,”isActive”:false}

In Business

How Covid-19 has changed the US Housing Market

July 13, 2021 No Comments

Covid-19 Second Wave: Impact On Property Prices And Real Estate

The North American housing market has seen significant shifts since the start of the COVID-19 pandemic. US real estate prices were already high and have seen a peak in the last year unlike anything the market has witnessed in many years.

An Insurify analysis of the cities with the greatest pandemic real estate booms found that between April and July 2020, the average rate of home sales had increased, exceeding the previous year’s rate by 66 percent.

Likely homeowners have been relocating to the suburbs in record numbers. That’s partly because housing preferences have shifted: more people are choosing a larger living space over proximity to the “action” of a city center.

Driven partly by Millennial mentality, the market has become a battleground for dream homes – buyers are being bullish – and the result is skyrocketing real estate costs.

The pandemic has also prompted a renaissance in real estate technology as fintech companies like Nobul gain traction in an effort to facilitate those sales.

As the virus distrurbed the economic stability of entire nations, the housing market in North America remained remarkably stable, seeing a 13 percent increase last year.

The 2020 real estate market has proven that many interested homebuyers will invest in a new home even during a time of economic pessimism, often by looking for homes in more affordable areas.

To understand the changing priorities of home buyers and those preferences are reshaping the real estate market, the research team at Insurify examined data from Zillow.

On average, those who moved to a new city in 2020 ended up in a ZIP code with average home values nearly $27,000 lower than in their previous ZIP code, according to Zillow.

Those who changed homes in 2020 also moved to ZIP codes where the average home sold was 33 square feet bigger than their previous home, Zillow reported.

“What that suggests to me is more movement away from the more expensive housing markets in the country,” Jeff Tucker, a senior economist at Zillow, said in a KXAN story.

But what will the remaining months of 2021 mean for the market?

There are some signs that the US housing market is moderating after months of surging prices. Now that inventory is near record lows and prices are climbing at the fastest rate ever, buyers have had enough, according to Business Insider, and are forcing the market to cool by simply saying “no” to high prices.

Although sales of new and previously owned homes are still above pre-pandemic levels, the numbers have slowed from the peaks in fall 2020 thanks to a dwindling housing supply.

“The steady decline suggests the market boom could be normalizing,” the article said. “It also comes as median selling prices for new and existing homes sit at record highs, presenting an affordability problem for buyers just entering the market.”

Americans’ attitudes about housing have hit rock-bottom. In a survey from the University of Michigan about consumer sentiment, 54 percent of Americans polled said it was a bad time to buy homes in May. That’s the most pessimistic outlook since 1982.

This slowing down of the housing craze of the last 12 months is leading economists to believe that 2022 will be a markedly more modest market.

Also among economists’ varied concerns is housing price inflation – and the belief that inflation could be tempered by a number of factors as the dust settles from COVID.

Still, some believe that Millennials – who now have buying power and are in the hunt for their first homes – will help cushion the market.

In Business

How To Pick the Right Investing App

July 13, 2021 No Comments

5 Guidelines to Pick the Right Investment App for You

The pool of investors is larger than it has ever been.

Several trends have given rise to a new generation of first-time investors. Those factors include more free time during the pandemic, disposable income from government assistance, and the sudden availability of trading via mobile phone apps.

These have led to an explosion of new investors and DIY investors, including millions of people who have signed up for RobinHood, Stash or one of the many other options now available for easy investing through your smartphone.

And for good reason, as the stock market continues to be the safest and best way to grow wealth over the long-term. The stock market proved its resiliency yet again during the pandemic, with a quick rebound and record growth since.

If you’re considering the start of your own investing, how do you choose what app is best for you?

Let’s dig in.

What Are Your Goals?

Before you hit download on Stash, Mint or Robinhood, you should ask yourself what exactly you hope to accomplish with your investing, said Matt Choi, founder of Certus Trading, which offers educational courses to traders.

Are you trying to build wealth for retirement? Are you trying to help build wealth to buy a house? Or are you just looking to try out investing as a hobby?

“Don’t buy an app and start trading unless you know why you’re doing it,” said Matt Choi. “While it might sound like fun to start trading immediately, you need to know that there are no safety nets if you’re doing this on your own, and you can lose a lot of money very easily if you don’t know what you’re doing and you’re not paying attention.”

Look into insurance and security

You will want to research the basics of personal identity protections before handing over all your financial data.

So what to look for exactly? Well, check to see if the app you’re considering uses two-factor authentication and has other security practices in place to guard against breaches, said Trina Patel, financial advice manager at Albert, a mobile banking, savings and investing app.

Patel also suggests checking what kind of insurance the apps have in place. For example, for a banking-related app, make sure that the financial institution backing the app is insured by the Federal Deposit Insurance Corporation. If so, then you can trust that up to $250,000 of your deposited money will be protected if the bank fails.

Even with that backing, apps like RobinHood have their dangers, according to Tara Falcone, a financial planner and analyst and the founder of financial education company ReisUP.

“Apps like that, especially ones that are reducing trading costs, or in this case having zero commission trades, are great from an accessibility standpoint,” Falcone said. “One thing that has previously kept a lot of small investors out of the investing game is the fact that they had to pay a broker. However, I do think that targeting the millennial generation, which is very instant-gratification driven, can be a little dangerous when you’re considering the mix of investments and different investment strategies that are available through an app like Robinhood versus through another fintech app such as Acorns or Stash.”

Read the reviews

This should be a no-brainer, but many of us forget the value of researching the many platforms that offer reviews for apps, especially investing apps.

Don’t end your research with reviews on Google, Facebook, or Yahoo, either. Try to read articles about each app and its products, as well as the customer reviews.

“There’s so many new tools out there, I think it makes sense to do a little research and maybe talk to some people who’ve used it in the past,” said Ben Carlson, director of institutional asset management at Ritholtz Wealth Management.

There are tons of great tools for investing and learning about investing, Matt Choi said. It’s a positive thing that we live in a time when the stock market has become so easily accessible to so many people.

“But if you want to be successful, then don’t forget to do your homework,” Choi said.

In Business

The Services a Call Center Provides

July 7, 2021 No Comments

Call centers are offices from where trained professionals help out businesses remotely. The professionals carry out tasks like answering incoming calls, messages and emails; make outgoing calls as preferred by the businesses and transfer calls to the concerned people. Though a virtual receptionist does not remain physically present at the site of businesses, they carefully work for them. As a business grows and so does the query and expectations of people, it becomes tough to answer all the calls and mails in the real time. A remote receptionist does this job efficiently to maintain communication between a business and its customers and clients.

Outgoing calls

Many businesses require to make outgoing calls to present and prospective customer and clients. The main purpose usually is to let them know about new services and products. Often clients and customers are approached through mails. The receptionists are trained to present everything to the concerned people in an impressive way and convince them.

They are present even when you are not

Running a business does not mean you cannot enjoy your life. You can definitely decide to stay away from those phone calls and e-mails for a weekend or on a vacation. There is nothing to worry about as the receptionists got you covered. You might be on a holiday while they remain at the desk to promptly answer a call or mail. Though you might stay away from these things for a few days, you will never miss anything. The professionals will notify you of everything important to help you get back to the job without any problem.

Working with call centers has become much popular due to its low cost and efficient results. Even small businesses can easily afford the services as it is cheaper than setting up an in-house team.

In Business

5 Good Effects Of Strategic Management On Business

July 6, 2021 No Comments

Nowadays businesses want to gain canniness i.e. competitive edge over their competitors in the market. It provides healthy competition in the market. Strategic management is the procedure of identifying goals, procedures, and purposes so that a company or an organization can be more competitive in the market. If we say in precise terms strategic management looks at properly placing of staff and resources for the achievement of goals.

Generally, strategic management includes the following aspects:

Internal Organization Analysis
Strategy Evaluation
Strategy Execution throughout the organization
Allows a company to analyze areas of operational improvement.
Identify potential opportunities and threats.

Strategic Management lets businesses be more proactive rather than reactive which means that businesses anticipate the future in advance and then they work actively when a problem arises. One of the prominent saying by Peter Drucker “ Strategic Management is not a box of tricks or a bundle of techniques. As businesses are evolving day by day people understood and recognized the importance of strategic management.

Here in this article, you will learn about 5 good effects of strategic management for your business.

Smooth decision making:

In an organization, everyone has their own goals but all of them are concentrated towards the main organizational goal. The strategy provides a proper structure. Staff performs a daily decisional activity which is impossible for senior executives to know all these decisions. Therefore strategies set the defined boundaries within which staff perform their activities. These small decisions possess a significant impact on businesses. Having proper structure and boundaries helps all the personnel to focus their efforts in the same direction.

Enables progress measurement:

Strategic management is not a one-time action but is Continual action. Strategic management helps in setting practical objectives and evaluate success or failure. When there is a deviation in expected results and actual results. Then considering that deviation they plan new objectives and present n front of senior management. Bradley Fauteux a leader in the service industry also provides services related to strategic management and strategic planning.

SWOT Analysis:

Strategic management is a useful tool for SWOT analysis. SWOT here means

Strengths
Weaknesses
Opportunities
Threats

SWOT analysis is crucial in this dynamic environment. A business has to identify opportunities at the correct time and prepare itself for future threats. It should not disclose the strength to its competitors and work upon its weaknesses.

Ease communication:

For accomplishing any objective everyone in the organization must be aware of it so that they could work accordingly. Strategic management makes sure that appropriate communication flows in an organization at all stages. Subordinates and superiors have stable relations between them.

Benefits in planning:

Strategic management lets businesses develop the plan according to the current situation. Also, it helps in building economic plans. For example, now people are showing concern towards the environment in this case one of the prominent leaders Brad Fauteux advises their clients to explore new areas in businesses which is eco-friendly.