Amateur online trading – Basics

In simple terms, online trading is the process of purchasing and selling financial products using the internet as the platform. These platforms are mostly facilitated by broker firms who make percentage of commission on every single trade though there are few brokers who offer no charge between transactions. If you are doing cryptocurrency trading, there are online exchanges to make trades just like the stock exchanges for the stock market. For some individuals, this online trading could be the only source of money while for others, it could be a great source of supplemental income. Since, the trading is risky, choosing the resources and tools could be of great help in ensuring you have a smooth run. ECNpremium

If you are a novice who is just entering this space, you might want to first get familiarize with the terminologies in the stock market. It could be useful while doing real time trading and also when you communicate with the brokers. You could also work on the test environments that brokers provide to get hands on experience with how the platform works. This is crucial as the trades need to be executed quickly while doing real time. Whether you are an amateur or an experienced trader, doing research about companies and understanding the stop loss would go a long way in mitigating your losses, if any.

Commissions are another important factor to be kept in mind while dealing with stock markets. There are many brokerage firms who have different ways of charging for each trade you execute. If you are a beginner, it would be a great idea to go with a broker who does not charge any commissions. This would help you to understand different patterns in the stock market trading before you make high risk trades.

Another important factor to remember is the hidden costs associated in online trading. Even though these costs could be significantly lower than what you might pay a brokerage firm, you might have to keep a certain account balance at any instant to avoid monthly maintenance fees. The concept of online trading could be alluring to a lot of individuals, but little mistakes could prove to quite hefty in this financial space. Also, try to choose a trading platform that’s easy to navigate as you might not want to have an account in something you do not know how to get around.

If you are in the cryptocurrency space, it is always a great idea to have accounts in multiple exchanges as not all the crypto pairs exist on one single exchange. Most of them offer exchanges with Bitcoin and Ethereum on their platforms, but there are other ones too. Even with these exchanges, you need to pay a percentage of the fee which could be in the form of bitcoins every time you execute a trade or move your coins or cryptos from one exchange to another. One of the most important points to remember is to avoid saving your digital currencies on exchanges and rather save them on wallets. Saving the currencies on wallets would ensure safety of your assets even if the exchanges shut down. There are also hardware wallets available for storing cryptocurrencies. CFDpremium

It is a known fact that there is a higher percentage of people who lose money in online trading than the ones who make profits. It could be overwhelming in the beginning, but you might have to test the waters if you want to excel in this space. Being conservative and setting your stop losses effectively could help you to understand the strategies and minimize your overall losses.

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The 2010 Bayrock Group Lawsuit

According to an article published in February 2018 by Bloomberg News, February 22, 2018 marks the date that the Jody Kriss v. B.Group LLC, was settled. The lawsuit that linked money fraud, was filed in 2010. The two parties involved were Jody Kriss, employee and former finance director at the company and a large, multi-million dollar private company and developer of Trump Soho in New York City that specializes in international real estate investment and development and provides luxury residential, retail, resort, hotel and mixed use projects.

Company Operations

The Bayrock Group, LLC was founded in 2001 by Tevfik Arif who originally owned the company in Kazakhstan and Turkey, and expanded it into the U.S. In 2003, Felix Sater was brought into a partnership agreement with Arif. They agreed on two company terms: Arif was to contribute capital to Bayrock Group and Sater would manage company affairs in exchange for 50% of profits earned from investments.

According to the Third Amended Complaint, two allegations were brought up against the partners, in addition to Sater’s criminal conviction record that accused him of assault in 1991, and racketeering based on alleged stock manipulation and money laundering, in 1998. The TAC’s allegations claimed that: 1.Arif and Sater agreed to operate in a way that maximized profits, at expense of all investors, and concealed Sater’s criminal history and 2. They initiated an enterprise based on the partner agreement.

The company grew in size in 2003 and additional entities were formed and contributed to their enterprise. Between the times on 2003 and 2006, the group was in connection with specific real estate developments and brought in large profits. However, unfortunately, more allegations were made claiming that “the entities were managed and operated as a means to enrich the owners personally at the expense of third parties”. These claims were linked to the accountants that were employed at the firm that claimed their duties were assigned in a manner designed to create false impression that the Bayrock Group and its investments were operating in a “routine, and above-board manner”.

Additional fraud allegations as indicated by the Third Amended Complaint accused instances of concealment of information through material information concealment, bad faith practices and illegally structured payments. The material information concealment allegation was made in connection to Sater’s 1998 criminal conviction that accused him of one count of racketeering though familiarity with converting corporate assets into personal income without triggering detection. The second allegation was due to bad faith practices observed in Arif and Sater’s partner agreement where they agreed to simply ignore contract provisions and promises, along with IRS Regulations, to increase their take from the enterprise. Last, were the illegally structured payments Sater received between 2003-2007 that were not treated as wages and committed tax fraud.

Claims also found that one of the investment fraud targets included the Trump Organization. In 2003, Donald Trump was introduced to the company and settled with several of their developments, that started their marketing under the Trump brand. Throughout their business years, they did not notify the Trump Organization of the TAC Allegations that were made against them.

Their last major fraudulent allegation was made in 2007. During this time, there was alleged fraud with FL Group. The fraud occurred when the Group sold a major share of its projected profits to an Icelandic Investment Company, known as FL Group, and had generated $227.5 million dollars in profit. The company sold $50 million in exchange for equity interests that would entitle 62% of total profits. According to TAC, the transaction affected a sale of membership profit interests which were not sufficiently owned, made a large transfer and caused infringement upon FL Group.

Jody Kriss Affiliation

Jody Kriss joined the group in 2003. He had known Felix Sater from a previous real estate company that he worked for in 2002. Kriss received a proposal from Felix Sater to provide professional services for his company in exchange for 10% of profits earned from investments. Kriss accepted Sater’s offer and served as Director of Finance from 2003-2007.

The work experience got complicated when Kriss was later offered several additional compensation agreements for his work. In 2004, he was offered a new compensation agreement: a full-time position for the same job he currently held, for an additional 3-year term, making $10,000/month plus 10% membership interest in operating agreements, and an additional set of reimbursements from the company’s capital contributions. One year later, the compensation agreement was updated, known as the “2005 Kriss Agreement”, that offered him a non-dilutable 10% non-voting membership in the company and each of its entities.

It 2007, Kriss inquired on payments from his third compensation agreement and was responded with a $500,000 bonus that refused to pay any distributions. Due to this incident, he resigned in mid-September 2007 and …

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CRM Tools: 4 Key Advantages

Generating and organizing useful data on customers is a vitally important job in almost every business, and it’s also one that demands an absolute minimum of errors. This is why investing in a premium Customer Relationship Management (CRM) tool makes sense for an ever-growing number of organizations. With robust CRM tools at your disposal, you can do more than you ever thought possible to understand your customers, help fulfil their needs, and identify new opportunities. Don’t let incomplete or incorrect data cost you revenue! Below you’ll find four of the broadest and best benefits that Rocket CRM tools deliver.

1) More Organised, Structured Customer Information

No matter what industry your business works in, making your customers as happy as possible is a top priority. In order to do that, you need to know everything you possibly can about them, their needs and their past business with you. In an ideal world, every point where a given customer interacts with your organisation should be documented and integrated into a consistent record. This is not the sort of goal you can meet with scribbled notes jammed into unsorted filing cabinets! CRM tools take your customer data into the 21st century, lending it consistency and opening it up for analysis that can deliver powerful insights. CRM tools also go beyond organising your customer data; they spread equally powerful access to that data throughout your organisation. Every employee who deals with customers in any context gains the full benefit of access to all of your information, saving time and improving the customer experience.

2) Better Communication Via CRM

To expand on that last point, with CRM tools, the full power of your customer data is available to every employee whenever they need it. No matter how carefully you curate customer experiences – so that each customer gets a single primary point of contact – sooner or later, other employees will need to interact with an unfamiliar customer. A ‘fresh start’ with a new employee can be forbidding to customers; they don’t want to deal with someone who’s unfamiliar with their specific issues. With good CRM software, this barrier to positive customer interactions is minimized. Every person who has contact with the customer gets to work from the same rich source of information. The fact that CRM solutions are cloud-based and accessible through any internet connection further expands their flexibility; employees can access all the customer resources they need even if they’re not in the office.

3) Robust Task Automation

Securing the customer’s agreement is just the start of completing a sale. Every sale breaks down into dozens or possibly even hundreds of tasks that need to be completed properly to keep your selling and documentation processes running smoothly. Information has to be recorded, reports have to be generated, multiple departments (e.g. the legal team) need to be notified – the sheer volume of information handling can be formidable. Addressing all of these ancillary chores is vitally important but also labour-intensive. A properly-designed CRM system streamlines the process considerably by adding helpful automation to most if not all of these tasks. Keep your sales representatives focused on the jobs they do best: closing leads and enhancing customer experiences. You can trust your CRM tools to handle the details!

4) Better Reporting and Analysis

Bad data handling is a terrible reason to fall short of your goals, and CRM software does a lot to protect you from it. The centralised storage of data offered by CRM tools goes a long way toward reducing flaws in analysis and reporting. You can free up time be relying on integrated plugins and other analytical tools to generate the insightful reports you need. Set up personal dashboards to track key metrics like progress toward sales goals, employee performance, and more. More reliable, easy-to-process data leads to more effective decision-making. With intelligent software that unlocks the full potential of the customer data you collect, you’ll be able to cultivate greater customer loyalty and earn higher profits in the long term.…

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The Importance Of Floor Plans

There are many things you should do once you’ve decided you’re going to sell your home. You’ve got to get yourself an agent, de-clutter all the rooms, and commission some nice, professional pictures that’ll make the place look great.

However, there might be a really important step you’re missing. These days, it can be a terrible idea to try and sell your home without distributing its floor plan. In fact, it can be just as important as fancy photos, or enticing descriptions, and end up doing an excellent job marketing your property, potentially making or breaking a successful sale. Let us explain why.

They Give Potential Buyers Perspective

While photographs can give an interested party an idea of what the home looks like, they’re hardly objective or precise. A property floor plan, on the other hand, gives prospective buyers actual data that they can work with, so they understand how much space there is at your home and how exactly it is distributed. This way, they’ll easily understand whether or not the home’s dimensions suit their needs.

They Paint A Picture

A good floor plan helps communicate whether your not your home is a good fit for buyers, so they have a quick way to figure out if it has a few spare rooms for when they start a family, or whether the bedroom is far enough away from the road. If you don’t provide that information, you could lose a buyer to someone who has.

They Provide A Reality Check

When a prospective buyer is considering whether or not to buy a home, they want to have a sense of which of their belongings they’ll be able to wring with them, and which ones they’re going to have to leave behind. Again, the level of detail available in the floor plan will be a lot more useful in that regard when compared with pictures.

With the floor plans, buyers will know whether their Italian armchair is going to fit the bay window – and more. This may not sound that important to you as a seller, but it’s crucial information for buyers, and if they’ll want to know it, it’s your job to take into account.

They Tell No Lies

Floor plans can be trusted. When a potential buyer is inspecting your home, they might start daydreaming. As the walk through the property, it’s natural for them to fixate on certain pieces of furniture or pay too much attention to the varnish on trims and fittings.

In only a few hours, they may notice that they’ve forgotten important information about the physical space that the home offers, and end up confused about what is and isn’t included in the property. It gets hard to make a decision about the property – but it can be counteracted with ease by offering them the floor plans.

They Inspire Change

There are two main reasons why someone will fall in love with a place they’re thinking of buying. Either they are really satisfied with how everything already is, or they see a lot of potentials and believe they could make it into the home they want.

A floor plan is great for this purpose – as it will illustrate the current makeup of the home, and potentially inspire some professional or even do-it-yourself renovation. A good floor plan will be simple and user-friendly, so potential buyers will understand at a glance what kind of modification is architecturally possible. This way, they can make plans for whatever home improvement they might have in their mind.

Floor Plans Can Sell Homes

When the time comes to sell your home, floor plans are absolutely essential. A floor plan that’s well-designed and detailed could sell your home on its own, even. Floor plans are so important that, according to research, 20% of people looking to buy a home will ignore property adverts that don’t include one.

Many buyers consider this information significantly more important than summary texts or images commonly published with the brochures. If you’ve decided your home is going to market, do it right and don’t neglect this important step. Book an agent, arrange some pictures and invest in a clear, beautiful floor plan.…

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How Best to Determine if You can Really Afford to Get a Mortgage

Before making a decision to buy the property of your dreams, you need to think about some major factors that can have an effect on your decision. Although it’s the dream of many to have their own home, not all can realistically afford a mortgage. So how do you know if it’s feasible for you to get a mortgage? Here’s how best to determine if you can really afford to get a mortgage – and if lenders will actually give you one.

Figure it out

The first important thing you have to do is determine your whole income. How much do you earn per month? Do you have a stable income? Do you have other sources of income? Once you have figured out how much you earn every month, figure out your monthly expenses. How much do you spend on food, utilities, transport, entertainment, and so on? Make a list of your monthly expenses and subtract your expenses from your earnings. This will help you get a broader idea of how much you can pay every month for a mortgage.

How qualified are you?

The next aspect you have to determine is how ‘attractive’ you are to lenders. In other words, are you qualified? Lenders will assess your circumstances very carefully before they accept your application since it’s their responsibility to make sure that you can afford repayments. Typically, lenders will look at your earnings/income, your employment status, your monthly expenses or outgoings (and what you usually buy or pay for), your current debts, if any, and your financial responsibilities (e.g. children).

Other aspects which can affect your qualification

Lenders will also take a look at other aspects which can affect how qualified you are, as any mortgage expert from Mortgage Wise would tell you. This includes the following:

  • Your history as a creditor. By assessing your history of credit, lenders can determine how much you have borrowed and how you have managed your debt prior to your mortgage application.

  • Your deposit. The deposit you are able to save will make a big difference, since the more you have, the lower the lender’s risk. If your deposit is large, you are more likely to get approved – and you could benefit from lower rates of interest as well.

  • Your age. The fact is that the older you are (and the closer you are to retiring), the lower your chances of getting a mortgage. You may need a larger amount of deposit as well.

Fortunately, there are certain kinds of mortgages which may not be as strict or stringent as others; all you have to do is look for those mortgage deals and get some good advice. Good luck!…

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Best Solutions for the Private Money Lender Now

If you need more money than you have at hand, you can take out a loan. If you cannot get credit from your bank or get want you can also may take out a personal loan. You lend yourself the money “simply” with friends, relatives, your employer or other private persons. We tell you here, when a personal loan is worthwhile and what you should borrow when borrowing from a private person.

Banks issue consumer loans for private purposes or to individuals. Such loans are often referred to as personal loans. This refers to a loan from a bank for private individuals. The word personal loan is also commonly used for loans from private individuals. Unless otherwise apparent, we use in this text the word “personal loan” in terms of “credit from private individual to private individual.” The use of the private money lender Singapore is important here.

Personal loan: advantages and disadvantages

  • Borrowing money from friends or relatives has several advantages over a bank loan. One thing is certain, that if you know someone who has the money and is willing to entrust it to you, you can easily get the money. As a rule, the lender knows you and trusts that you can and will repay him. On a credit check is waived with such a rule in most cases.
  • Even high interest rates are generally uncommon. In most cases, the loan is considered a friendly service, following the motto “just give it back to me and if you really do not want to thank me with wordsand then just invite me for a beer and you’re done”. In a friendship, it should also be possible to renegotiate the repayment, if financially something should intervene and you cannot repay the money for a month.
  • But this can also be the biggest problem with such personal loans, because the sentence “When money listens to the friendship” is not completely out of thin air. Not only many partnerships and marriages are breaking due to money disputes. The dispute over money can also destroy friendships between best friends who have been sandboxed for over thirty years.

Probably your best friend will not even think about making you a scene when you unexpectedly need to drive into the garage and need the money. But if something like that happens all the time and he always has to run after his money, he will surely end his patience at some point. It’s the other way around. Suppose your friend gets into a situation in which he wants to have the borrowed money back quickly. If you cannot afford that, then a fight is inevitable.

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How to Choose the Right Merchant Portal

For letting your business have a chance to do effectively online exchanges without hardly lifting a finger, Merchant portal is utilized. You can find different kind of merchant portal as per the selected merchant account and this will help you channelize online transactions on your e-commerce store in the most efficient way possible. Such sort of portal does not need to be an expansive market but rather it has to meet the rules. These are for the most part thought to be generally safe and have low charges. You can likewise run with all kinds of merchant accounts and you will find one of the most customized and well organized payment managements system with your payment portal.

With a Merchant Portal you will find a comprehensive overview of all your online payments. You will be able to get the detailed data of all your payments, You will also have an option to create custom reports along with monitor payment related details and statistics etc. If you want to make payment analysis then it is as easy for you as possible. You will have the option to display full payment history by utilizing different filters and data export possibilities. Along with all this, portal also lets you conveniently cancel the authorization on your customer account and refund the money that’s been already debited and hence it ensures great ease of functioning for you.

Some of notable of the Merchant Portal:

  • Offers full payment history along with different filters and export option
  • Also provides detailed payment overview along with payment cancellations and refunds details
  • With your merchant portal, you will find different Fraud detection tool
  • It offers subscription management along with E- shop settings management

Varieties of merchant portals are available for you. From EverPay portal to Paytm, you can easily find the one that suits your specific requirements. They give you a complete and up to date overview of financial transactions. You will get information about all the transactions and settlements for all acquired card types. All such information is also updated daily and from the portal you will also be able to get direct access to news and other information concerning card acquiring.

Some key features of Merchant Portal

  • The Merchant Portal is simple to use and highly user friendly. User can easily navigate to find the information and figures they seek. Via this searches can be performed on single transactions or at a batch level and along with all this, the final outcome can be presented for the entire store chain or single stores
  • Yu can find out reporting different formats from your merchant portal and settlement reports can be downloaded in variety of formats. In case your business has special needs for importing data to other programmes or systems then such portal can assist you with the needed system adjustments as well and reports can further be provided via e-mail
  • These portals also offer personal and secure log in options and you will be able to log into the Merchant Portal via a personal username and password with great ease. This will also give you access to personal sites customized to the needs of your business and hence you can manage your acquiring agreement with the portal

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