Digital Finance

Digital Finance

Digital finance is a robust medium to broaden the access outside the financial services to other sectors, which includes agronomy, infrastructure, services, energy among others. People without a bank account are accessing the financial services via the digital medium. Several stakeholders are utilizing the cell phones along with a gamut of agents to provide simple financial services at better suitability and reduced cost against conventional banking. It is also known as “Branchless Banking”.

Traditionally, the huge expenditure involved in constructing and managing conventional banks has been a key stumbling block for connecting with the low income groups. A banking infrastructure is not easy to manage in remote areas, while it would be expensive for customers in the rural areas to commute to the urban centres.

Digital finance assists in negating the obstacles. Agents having cell phones are the most optimal medium for handling less value transactions for low income groups, cost effectively. Cash flow into innovative digital finance firms keeps increasing for consolidating assigned digital banking, mobile solutions and delivery platforms among others.

The impact of digital finance on the global economy is expanding at an accelerated pace. It is transforming the way financial transactions are done. The benefits of the digital finance are many, including cost decrease, development of essentially digital financial products and services, including advanced ones. Certain digital finance products are delivered on modified global digital platforms.

The technological advancements provide new prospects for FinTech start-ups. It also assists various stakeholders including governments and firms to steer development. There is a need for a highly effective global regulatory infrastructure to manage digital finance.

The Establishment of a Facilitating Scenario for Digital Finance Needs Certain Critical Policy and Regulatory Queries to Be Resolved Such as:

Corresponding the keenness for innovation with assurance about the legal framework.
Regulating and protecting the provision of modified digital finance tools such as e-money.
Comprehending AML’s concerns pertaining to digital finance and mobile-empowered international remittances.
Monitoring digital financial services.
Regulating a wide array of third-party agents.

The provision of financial services via highly innovative technology, which includes mobile money, could be a driving force for the utilization of a gamut of financial services – credit, insurance, savings among others.

According to Jin-Yong Cai, International Finance Corporation Executive Vice President and CEO, “The benefits of digital finance extend well beyond conventional financial services: This can also be a powerful tool and an engine for job creation in developing countries.”

As per Thomas Duveau, the Head of Mobisol Solar Home Systems, “The buzzword ‘digital finance’ is already an everyday reality for our Tanzanian, Kenyan, and Rwandan customers who are using Mobisol Solar Home Systems. Paying for solar power in small instalments through mobile money is not a ‘fancy option’: It’s already the norm for commercial transactions by those at the bottom of the economic pyramid.”

Digital finance is also critical for the retail business. It ensures the small businessmen have the access to funding, along with the electronic payment systems, robust financial products and the opportunity to construct a financial track record.

According to Walt Macnee, President of the MasterCard Center for Inclusive Growth, “Innovations in electronic payment technology like mobile and prepaid enable people to live more secure, empowered and included lives and that digital money will be the only way to achieve universal access to finance by year 2020.”

Digital Finance is a priority for banks in the recent past. The innovations like mobile deposits have radically changed the reach of banking. Currently, customers are finishing most of the transactions online using a mobile or tablet device. Customers are very conscious about the latest technology.

The penetration of the digital finance is expected across various segments, including the medium scale business and corporate banking. There are obstacles like security, greater intricacy with regard to the kind of services required for distinct businesses.

Some of The Challenges That Could Be a Stumbling Block for Digital Finance:

Availability of Liquidity with Agents

Agents operating in rural environments usually have problems in honouring their commitments, resulting in displeased customers and falling confidence in the service.

Interoperability

Transferring money through the mobile is usually not interoperable amongst providers. This prevents the flow of money which could have been used to cater to more customers.

Malpractices

The increase in agents has led to various malpractices along with service delays in certain markets.

The Key Developments in the Digital Finance:

The availability of instruments to expedite the account creation process.
The utilization of biometrics (finger and voice) to facilitate customer verification.
The use of field oriented management instruments to monitor field personnel.
The appearance of third-party agent aggregators.
The development of applications that assist financial firms with mobile money amalgamation.
The creation of top notch technology that ensures digital payments in retail stores.
The use of other data options for arriving at credit conclusions.
The leverage of business intelligence.
The availability of micro credit through the mobile.
The expansion of financial products provided by non-mobile cash benefactors.
The advancements in financial competencies.
The overall buying and selling in agribusiness using the mobile apps.

Digital financial services are evolving across global markets. Certain nations with the available infrastructure are providing a wide array of products and services. The differences between nations are directed by many aspects, which includes the use of cell phones, the growth of financial infrastructure, the regulatory framework among others.

The part of innovation is critical, since it would ignite enhancement in the fast transforming mobile money environment. Any increase in process efficiency would reduce the cost and decrease obstacles.

The digital finance environment is changing continuously and would be radically different in the long term. In an increasingly integrated international economy, innovations from various markets could be implemented and customized to suit local requirements. It would help consumers from various income strata. The digital finance journey has been excellent, but it is just the beginning.

The Forgotten Two-Dollar Bill

The Forgotten Two-Dollar Bill

When you look inside your wallet you might find a $1, $5, $10, $20, even a $50 or a $100 bill, but you almost never see a $2 bill with a picture of Thomas Jefferson on the front. The $2 bill has had an unfortunate history in the U.S. economy, but it is perfectly legal tender.

In 1862, the first nationalized paper bills were printed by the federal government. The only bills to be printed were the $1 and $2. Nationalized coins had already been in circulation for at least the past sixty years. So, the federal government was not sure how the public would react to using paper money for the first time.

Before the turn of the 20th century, the average worker earned $15 a month. Inflation slowly brought the value of paper money down, but then the Great Depression plunged the economy into chaos. Most items cost a lot and most people didn’t have a lot of money. Paper money was rarely used. So, owning $2 bills was considered a luxury only the wealthy could afford. It even became known as a “shady” bill used for dark exchanges such as: gambling, prostitution, and “under the table” dealings.

After the economy recovered, $2 bills were rarely printed, because the federal government started printing many new $5, $10, and $20 bills into circulation between 1928 and 1950. So, the lonesome $2 bill got lost in the shuffle.

By 1966, the federal government didn’t know what to do with the bill, so it stopped printing them completely. However, they came back into circulation in 1976. Yet the average consumer started stashing them away like collectors’ items. A few years ago, I remember receiving a crisp new $2 bill placed in a special leather case from my uncle at Christmas. He gave the entire family the same present. Everyone was so impressed, we wondered how much he paid for it. “Two $1 dollar bills,” he said.

One common misconception is that the $2 bill is no longer in circulation. However, that is not the case since the official Bureau of Engraving lists the $2 bill as one of the U.S. Currency Small Denominations. Today, millions of these bills are being printed back into circulation. Yet, people still stop when they are handed a $2 bill in change; they think they either were given a collector’s item, worth more money, or they may be some new novelty item the government started printing.

Although the $2 bills are scarce, it’s perfectly legal to use when purchasing something. But if you are stopped because the cashier thinks the bill is phony, you are now equipped to talk about its history.

What Are Forex Signals And Who’s The Best?

What Are Forex Signals And Who’s The Best?

Forex signals are basically info or indicators that reduce the risks associated with trading. The signals basically let you know when the market pricing fluctuates and this way you get to figure out when it’s the best time to sell or purchase in order to make a good profit! One thing to note about Forex signals is that they are subscription based most of the time, however you can also find free products that do this as well.

The ability to alert a trader when it’s the best time to trade is definitely what sets this type of product apart from anything else in the business. On top of that, these services are becoming very popular mostly because they just require the trader to state the risk tolerance and once that is done the process will be automatized from there. You won’t have to monitor the trading process, you just need to invest in a proper Forex signals service and you will receive notifications based on that.

Forex signals especially from a good company are suitable not only for beginners in the Forex world, they also offer quite a lot of value for experienced traders, as they can help save time all while delivering the tools necessary to create powerful and complex trading strategies.

Benefits

The signals have quite a lot of benefits, and here are the most important ones:

Investors can view detailed statistics and transaction history
These signal services offer automatic trading
They are suitable for beginners and help them learn the ins and outs of trading
They are accurate and easy to use
Forex signals reduce the market risks by offering traders instant updates about any specific fluctuations on the market
You are free to unsubscribe at any given time

How do the Forex signals work?

The process is simple, traders, analysts and professionals will offer you the trading signal service. They will study the market data,perform technical and fundamental analysis in order to offer an accurate and very professional analysis of the market situation. Once that is done, the signals are shared with the traders!

Getting Forex signals based services is easy, you can subscribe to proven accurate providers without a problem and achieve those results that you always wanted without a problem. This is the best software if you want to obtain accurate, precise and very professional signals on the market,however you will have to customize the desired notification system as that’s how you can get the best precision and results. Don’t hesitate to use Forex signals, they are very useful especially if you are a beginner, so just check them out and you will not regret it!

Introduction to MetaTrader 4 Free Trading Platform

Introduction to MetaTrader 4 Free Trading Platform

The MetaTrader 4 software, often referred to as MT4, has plenty of options and novice users find themselves overwhelmed with the settings. If you’ve never traded with MetaTrader 4, it’s basically a trading platform that opens up a window into the world of foreign exchange. While it’s true that it takes some time to figure everything out, there are really only a few settings that you will need to know to trade.

One of the most useful features is the ability to add indicators, expert advisors and templates to your trading window in MetaTrader 4. This is extremely valuable because there are thousands of MT4 users, as well as trading professionals and companies who share their configurations for free or a for a small payment.

Trading indicators help the user recognise price patterns and aid in live trading. There are thousands of different indicators out there. Indicators can produce buy and sell signals visible on the charts. Within MT4 there are many built-in indicators but users can also install custom indicators. These are very popular among traders as they often show much more information than the standard built-in ones. Indicators can also become parts of an Expert Advisor.

Expert Advisors are built to automate trading. So if you have an indicator that shows buy and sell signals, an expert advisor would execute the trades on the signals. In addition, Expert Advisors have rules that define each trading position according to specific trading strategy and money management.

Expert Advisors are usually paid by subscription but there are also free ones available on trading forums. Using EAs is completely automated so trades are executed without user input. The risks of such automated system are obvious so most traders prefer to rely on trading indicators and live analysis based on their market knowledge.

In addition to Indicators and Expert Advisors there are custom templates that can be added to MetaTrader 4. Templates allow to configure the look and feel of your trading window. MT4 users often share templates with their settings.

Now that you are considering using MetaTrader 4 and giving trading a go it’s important to understand that all indicators are just that, indicators. There is no magical indicator that will make you rich. Markets are too unpredictable and too organic for anyone to predict the trends correctly all the time. However there are indicators that can help with that.

There is a saying ‘The trend is your friend’ which is often used in trading classrooms. If you can just follow the trends you can make it as a successful trader. However it’s a lot easier said than done. Trends change and consolidate, their nature often seems very erratic. Indicators such as Moving Averages and Bollinger Bands help to see what’s going on and recognise certain market sentiments, whether it is bullish, going up or bearish, going down.

The type of moving averages to use largely depend on your trading strategy and the topic of moving averages in trading goes beyond the scope of this article. However these are the simplest indicators one can use to trade binary options or Forex using the MetaTrader 4 software.

Finding The Best Software for Trading

Finding The Best Software for Trading

Trading software tools and platforms provide users with a large amount of high-level trading capability. Interfaces are very easy to use and let beginners learn and apply skills fast to meet trading and investment goals. Top trading tools that should be considered for stocks, Forex, options or futures include stock screeners, streaming quotes, watch lists and trading strategy builders.

Must-Have Trading Software Tools

As mentioned above, the top trading software tools include:

1. Stock Screeners
2. Streaming Quotes
3. Watch Lists
4. Trading Strategy Builders

Stock Screeners

Whether one is a day trader or a long term investor, they should consider implementing a stock screener as a necessary trading software tool. This tool lets the trader hone in on particular stock symbols that exist in a large group. By creating a list if criteria, they are easily chosen.

Running on this criteria, the screener will give a list of options that will help reach particular trading goals set forth. As a basic tool that most brokers use, screeners can search for things like mutual funds and bonds among others. Some even allow the user to save screens on Sub-sector, Index and Exchange. From there, one can choose to further separate them based on things like Price, Technicals, Fundamentals and more. Being able to skip a process that typically lasts hours is a great benefit.

Streaming Quotes

The constant evaluation of volume and trading prices is crucial in being able to place orders and take profits among other important tasks. The use of trading software tools to include real-time data is invaluable, and lets one customise trades from anywhere based on market trends.

Take not of any customisable features within the trading software. Being able to personalise anything to one’s own style is the perfect option.

This includes:

• Various fonts and colours
• Charting for many trend lines and technical indicators
• Plotting and analysing recent price patterns
• Lists of winners and losers on the trade floor

The tool easily helps investors avoid scanning many sites, and lets them enjoy everything they need on just one screen.

Watch Lists

As a trading software perk, watch lists keep day traders from having to watch every single stock within the trading realm by doing it automatically. Start with the stock screener to find which are the most important to keep an eye on, then add them to the watch list for future checks. It’s super easy to tailor the list to fit personal needs and desires.

Use drag and drop features to make the list even more personal and sort with just one click. The list can usually be exported to Microsoft Excel, Google Sheets and more to work into one’s current software.

Trading Strategy Builders

Finally, for those who are seasoned traders or new, keeping up with the best strategy is made simple, allowing them to make fast decision. Vertical spreads, calendar spreads and many more trading strategies are available to fit individual needs. Which one fits with the set of priorities presented? Align with experts in trade to determine this.

Building strategies is crucial to success and not a step that shouldn’t be executed. In fact, it should be determined right away. The perfect advice comes from professionals who will quickly guide new and seasoned traders to the right decisions. It doesn’t have to be an ongoing relationship, but it can be. This gives anyone peace of mind knowing that they are in charge of their trading activities at all times; it’s worth the investment!