6 Qualities to Look for in a Good Forex Binary Options Broker

Compared to conventional forex trading, trading in binary options offers less risk and guarantees better returns. However, the trader needs to be cautious and understand the market well in order to minimize his losses and make the most of the opportunities. Forex trading requires a lot of consideration. The mistakes that a person who is not familiar with this type of trading can make can cost a significant amount. Therefore, it is usually best to seek expert help in such cases to protect trading activities against unforeseen risks.

Forex Binary Options Broker

Brokers who work with binary options in Forex need to be experts in understanding the current market situation. Therefore, brokers can be invaluable help for traders who want to avoid the loss of trading. The broker calculates and analyzes the current state of the market and can educate the trader about trading and the assets he is trading. They help to maximize yields from low capital investment. Since trades are forex options, they can assist traders in calling positions across different foreign exchange rates. Brokers offer fixed returns on an hourly or daily basis.

Qualities of a Forex Binary Options Broker

1. Make sure brokers are up-to-date with efficient and changing trends.

2. It’s no secret that high yielding returns go hand in hand with options to deal with successfully. A good broker can help you notice these options. So ask your broker about this type of activity in advance to get an idea of ​​how it will work with you and your trading activities.

3. Loss can cause a lot of damage and if you are not sure about taking your own in the market then you are more likely to be at a loss. The broker of your choice can make or break your trading experience, so here too, ask your broker how the two of you will work together to tackle market learning.

4. Most brokers will manage all your investments. Check if your preferred broker is trustworthy and reliable. Check the broker’s background and previous reputation. If possible, try and talk to a few more clients before choosing one.

5. Check your broker’s bandwidth. Brokers who are often overloaded with existing clients will not be able to do you justice.

6. Good brokers will take the trouble to make sure they share the strategy with their clients before investing your money. Find brokers who provide clarity on where to invest your money.

The experience and knowledge of a broker can be invaluable in Forex binary trading. Knowing your broker is just as important as understanding the whole trading process. Make sure your broker is well-versed and knowledgeable about the area you are interested in trading. Needless to say, taking a chance with the broker of your choice can put you at risk of losing your investment.

Main Features of Blockchain

Blockchain was originally created as a decentralized account of bitcoin transactions that took place within the Bitcoin network. A decentralized or distributed database means that storage devices, where lasers are located, are not connected to a common processor. Blockchain has a growing list of transactions through blocks. Each block is time-stamped and then linked to the previous block to become part of the blockchain.

Before computers, people made many copies of their important documents and stored them in impenetrable steel safes, buried treasure chests or bank vaults. As an added security measure, you will translate each of these documents into a secret language that only you can understand. That way, even if someone were able to break into your bank vault and steal your belongings, they wouldn’t be able to understand your confidential messages and you would still have plenty of backups stored in other locations.

Blockchain puts this idea on steroids. Imagine you and a million friends being able to make copies of all your files, encrypt them with special software, and store them in each other’s digital bank vaults (computers) across the Internet. That way, even if a hacker breaks into your computer, steals or destroys it, they can’t interpret your data, and your friends network still has 999,999 backups of your files. This is blockchain for short.

Special files are scrambled with encryption software so that only certain people can read them, stored on a common computer, connected together via a network or the Internet. Files are called lasers – they record your data in a specific way. Computers are called nodes or blocks – personal computers that share their processing power, storage space and bandwidth with each other. And the network is called a chain – a series of connected blocks that allow computers to work together to share lasers from each other (hence the name, blockchain).

The social impact of blockchain technology is already beginning to be realized and this may just be the tip of the iceberg. Cryptocurrencies have already expressed skepticism about financial services through digital wallets, the rollout of ATMs and the provision of loans and payments. Considering that there are currently more than 2 billion people in the world without a bank account, such a change can certainly be a life-changing one and only a positive one.

Perhaps changing the cryptocurrency will be easier for developing countries than the Fiat Money and credit card process. In a way, it is similar to the transition of developing countries with cellular phones. It was easier to acquire a large number of cell phones than to provide a new infrastructure for landline phones. Decentralization away from government and control over people’s lives will probably be taken up by many and the social effects can be quite significant.

One only has to consider the fact that identity theft has occurred in the news in recent years. Handing over control of identification to the public must eliminate such incidents and allow people to disclose information with confidence. In addition to giving disadvantaged people access to banking services, greater transparency can increase the profile and effectiveness of charities operating in developing countries that fall under corrupt or manipulative governments. An increased level of confidence in where the money goes and who benefits will certainly lead to increased contributions and assistance to needy people in some parts of the world who desperately need help. Ironically, and not inline with public opinion, blockchain can create a financial system based on trust.

Taking it one step further, blockchain technology has been well established to eliminate the possibility of vote rigging and other negative aspects associated with the current process. Believe it or not, blockchain can actually solve some of these problems. Of course, with new technology, new obstacles and problems will come, but the cycle continues and those new problems will be solved with more sophisticated solutions.

A decentralized register will provide all the data needed to accurately record the vote on an anonymous basis, and will verify the accuracy and whether there has been any manipulation of the voting process. Fear will be non-existent if voters are able to cast their ballots in the privacy of their homes.

It remains to be seen whether blockchain technology will become a part of everyday life. Although inflated expectations have raised the possibility of the central bank and its responsibilities ending, as we know it today, the end of the centralized financial system is probably a long way off. Time will tell how the blockchain evolved, but one thing seems certain today. Stability is no longer an option and change is needed.

Fear Not, China Is Not Banning Cryptocurrency

Following the 2008 financial crisis, a paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published, detailing the concepts of a payment system. Bitcoin was born. Bitcoin has attracted worldwide attention for its use of blockchain technology and as an alternative to Fiat currency and products. Dubbed the next best technology after the Internet, blockchain offers solutions to problems that we have failed to address or overlooked for decades. I won’t explore the technical side of it but here are some articles and videos that I recommend:

How Bitcoin Works Under the Hood

A gentle introduction to blockchain technology

Ever wondered how Bitcoin (and other cryptocurrencies) actually works?

Fast forward to today, February 5th, to be exact, Chinese authorities unveiled a new set of bans on cryptocurrency. The Chinese government has already done so last year, but many have dispersed through foreign exchange. It now lists the almighty ‘Great Firewall of China’ to block access to foreign exchanges to prevent its citizens from transacting any cryptocurrency.

To learn more about the Chinese government’s position, let’s go back to a few years back in 2013 when Bitcoin was gaining popularity among Chinese citizens and prices were rising. Concerned about price volatility and speculation, the People’s Bank of China and five other government ministries issued an official notice in December 2013 entitled “Bitcoin Financial Risk Prevention Notice” (link is in Mandarin). Several points were highlighted:

1. Due to various reasons such as limited supply, anonymity and lack of centralized issuers, Bitcoin is not an official currency but a virtual product that cannot be used in the open market.

2. Not all banks and financial institutions are allowed to offer Bitcoin-related financial services or engage in Bitcoin-related business activities.

3. All organizations and websites offering bitcoin-related services must register with the required government ministry.

4. Due to the anonymous and cross-border nature of Bitcoin, Bitcoin-related service providers should implement preventive measures such as KYC to prevent money laundering. Authorities must report any suspicious activity, including fraud, gambling and money laundering.

5. Bitcoin-related service providers should educate the public about Bitcoin and the technology behind it, and not mislead the public with misinformation.

In general terms, Bitcoin is classified as a virtual product (such as in-game credit) that can be bought or sold in its original form and cannot be exchanged for Fiat currency. It cannot be defined as money কিছু something that acts as a medium of exchange, a unit of accounting, and a repository of value.

Although the notice is dated 2013, it is still relevant to the Chinese government’s position on Bitcoin and, as mentioned, there is no indication of a ban on Bitcoin and cryptocurrency. Rather, regulations and education about bitcoin and blockchain will play a role in the Chinese crypto-market.

A similar notification was issued in January 2017, again emphasizing that Bitcoin is a virtual product and not a currency. In September 2017, the boom of initial currency offerings (ICOs) led to the publication of a separate notice entitled “Notice to Prevent Financial Risk of Issued Tokens”. Soon, ICOs were banned and Chinese exchanges were investigated and eventually shut down. (Hindsite is 20/20, they made the right decision to ban ICO and stop stupid gambling). Another blow to China’s cryptocurrency community came in January 2018 when mining operations faced serious crackdowns, citing excessive power consumption.

Although there is no formal explanation for the crackdown on cryptocurrencies, there are some key reasons cited by experts on capital control, illegal activity and protection of its citizens from financial risk. Indeed, Chinese regulators have imposed strict controls such as foreign direct investment controls to limit foreign withdrawal caps and capital outflows and ensure domestic investment. The ease of anonymity and cross-border transactions has also made cryptocurrency a favorite medium for money laundering and fraudulent activities.

Since 2011, China has played a key role in the rise and fall of Bitcoin. At its peak, China accounted for 95% of global bitcoin trading volume and three-quarters of mining activity. With regulators taking steps to control trade and mining activities, China’s dominance in exchange for stability has shrunk significantly.

Countries such as Korea and India, following suit in the crackdown, now cast a shadow over the future of cryptocurrency. (I will repeat my point here: countries are controlling cryptocurrency, not banning it). Undoubtedly, we will see more nations pull the reins in the turbulent crypto-market in the coming months. In fact, some sort of order was overdue. Over the past year, cryptocurrencies have been experiencing price volatility that has not been heard of and ICOs are literally happening every day. In 2017, total market capitalization increased from 18 billion USD in January to an all-time high of 828 billion USD.

Yet, despite the crackdown, the Chinese community is in surprisingly good spirits. Online and offline communities are evolving (I have personally attended several events and visited a few firms) and blockchain startups are spreading across China.

Major blockchain companies like NEO, QTUM and VeChain are getting a lot of attention in the country. Startups like Nebulas, High Performance Blockchain (HPB) and Bibox are also gaining traction. Even giants like Alibaba and Tencent are exploring the power of blockchain to expand their platform. The list goes on but you get me; It’s going to be HUGGEE!

The Chinese government is also embracing blockchain technology and has stepped up efforts in recent years to help build blockchain ecosystems.

In China’s 13th Five-Year Plan (2016-2020), it called for the development of promising technologies, including blockchain and artificial intelligence. It plans to intensify research on control, cloud computing and the application of fintech to big data. Even the People’s Bank of China is testing a prototype blockchain-based digital currency; However, while it may be a centralized digital currency that has been slapped with some encryption technology, it is still seen to be adopted by Chinese citizens.

In addition to launching the trusted blockchain open lab, the China Blockchain Technology and Industry Development Forum by the Ministry of Industry and Information Technology is another initiative of the Chinese government to assist in the development of blockchain in China.

A recent report entitled “China Blockchain Development Report 2018” (English version of the link) by China Blockchain Research Center details the development of the blockchain industry in China in 2017, including various measures taken to control cryptocurrency on the mainland. In a separate section, the report highlights the optimistic outlook for the blockchain industry and the widespread attention it received in 2017 from the VC and the Chinese government.

In short, the Chinese government has shown a positive attitude towards blockchain technology, despite its use in cryptocurrency and mining operations. China wants to control cryptocurrency, and China will get control. The purpose of repeated enforcement by regulators was to protect citizens from the financial risks of cryptocurrency and to limit the outflow of capital. Until now, Chinese citizens have been allowed to hold cryptocurrencies but are not allowed to make any transactions; So the exchange is forbidden. As the market stabilizes in the coming months (or years), we will undoubtedly see a resurgence of the Chinese crypto-market. Blockchain and cryptocurrency come hand in hand (except for personal chains where a token is unnecessary). Countries can’t ban cryptocurrency without banning blockchain like this Great technology!

One thing we can all agree on is that the blockchain is still in its infancy. Many exciting developments await us and this is definitely the best time to lay the foundation for a blockchain-enabled world right now.

Last but not least, HODL!

Find Out What a Currency Trading Course Can Do For You

Have you ever wondered why so many people have succeeded in forex trading, or otherwise known as currency trading? And, have you ever wondered why some people who tried to do this still fail? The answers to these questions can only be found if you look at how these people started the business, whether they did the right currency trading course.

There are some people who say that currency trading is easy, and all you have to do is read a lot of information about it and you can go on the path to success. However, this is nothing but a myth. Without proper training, you can only fall behind when you start trading and get frustrated.

On the other hand, when you take a currency trading course, you will be equipped with all your accurate knowledge before you start forex trading. Remember that reading information alone may not be as good as listening to an expert or asking someone out whenever you have a problem.

Currency trading courses allow you to get acquainted, get acquainted and, finally, master a specific trading system that will allow you to trade easily and conveniently. These courses are designed in a specific fashion that will make it easier for you to understand what a currency transaction is. You will not feel overwhelmed with the information before you but build confidence in every step.

The course is designed to help you gain an accurate knowledge of Forex trading, and not just to feed you with information that you have no idea how to apply on the trading floor. At the end of the course, you will feel that you have achieved a really strong position in Forex trading, and you can manage it very well on your own.

A currency trading course is usually divided into several sessions. Each session will focus on different aspects of trading that you should know. Session One will always start with the most basic, like selecting a platform and setting it up, reading charts and customizing them, as well as analyzing charts. Session One will also include learning trading terminology, which is also very important in currency transactions.

After the basic concept, session two often explains the key indicators, different time frame trading, identifies the chart pattern including the candlestick formation and their interpretation and identifies the trend. The latter involves understanding the trend line and identifying concrete trends and changes that occur.

And finally, a currency trading course will help you master the trading system. You will now have the ability to do in-depth analysis and use multiple time frames. You will be able to effectively analyze the index. During the final session of the course, you will gain accurate skills and practical knowledge about when to enter the trade, when to leave and when to stay away from it. All this knowledge can only be yours through the right currency trading course.

Why Is Inflation Picking Up So Quickly?

The key is to understand what inflation is. The definition of inflation used by economists is “too much money is running after too few things.” If you break it down, you’ll notice two parts. Quantity means money part and product part. The word “product” means anything you buy with money, be it things, services, skills, etc. Notice that there is a relationship between money and products. This relationship is governed by supply and demand, but an easy way to think is that there must be a balance between the two in order for product prices to remain stable.

How can too much money pass? The question that arises from this is: how is money made? Today’s money is called Fiat Money. Fiat means “by decree” or “by law”. When you see the words used “by law”; This can be interpreted as “by force”. Since the laws are enforced by the police or the military which literally means they will harm you if you do not follow the laws. Think mafia but legal. This means that if we want to abide by the law, we have no choice but to accept the money we are using. By definition, other forms of money cannot be used for transactions or purchases of goods. Try using gold or silver currency or cryptocurrency to pay taxes in Canada. Only Canadian dollars can be used. Another key word to remember is that today means a debt unit. When you hear the word debt, it means money owed by someone. There is interest attached to that loan, just like any other type of loan. Since interest is on a country’s currency, that interest is borne by the country – which means the country’s taxpayers. This is where the income tax system comes in. Have you noticed how much extra money has been “created” around the world in the last 2 years? Is there a limit to how much money can be made? No, and that’s why so much money can be made so easily and without too much scrutiny.

What about the goods? Due to the official response to the epidemic, people could not produce the products they used to produce because they were forced to stay at home or close their businesses. Workers are also paid to stay at home instead of producing. You can add reduced demand from people who are unable to shop and the quantity of products will continue to shrink. Recently, there has been a shortage of parts and shipping delays. Due to just the time headache that is logistical today, any small disruption will create a ripple effect which will drastically increase the time lag between getting the product produced. The more complex the product and the more dependent on logistics, the greater the delay and greater disruption.

What you see now is that both forces are coming together – too much money and too little stuff. Is this going to end? Given that governments are going to create more debt to repay old debts, this creates an indicative effect that will lead to the creation of unlimited amounts of money. This means that the current Fiat currency will become more devalued and may be abandoned. Inflation will persist until money becomes scarce, scarce and limited, and manufactured goods stabilize. The two parts of the equation will then balance again. To cope with the strength of inflation, it means producing more goods in combination with less money or debt creation.

Forex Trading Tips – How You Can Profit at Least 200 Pips Each Week Trading Forex

Gaining 200 pips from the forex market may seem out of reach for most (including yourself) if you haven’t done it there. This argument is very simple to understand here – considering a trader who can consistently earn an average of 200 pips per week from the Forex market, the goal of such a profit will no longer be irresistible to him. On the other hand, if you are the type of trader who struggles to make 50 – 80 pips per week, then this target of 200 pips may seem like an impossible goal to you (at least for now). However, nothing is difficult or impossible until you break everything down and try to understand the process in a simple way – similarly to this strategy of gaining 200 pips per week.

Let me share the details below:

The key to success in Forex trading, month after month and long after, is to be “consistent”. Nothing beats this fact I’m sure. So instead of thinking about how to make 200 pips per week, you need to break it down into 40 pips per day. Not only is 40 pips a very achievable goal, it is also a “realistic” goal. Why do I say that?

Because for almost all currency pairs available for trading, their average daily pip range will be at least 100 – 150 pip. Therefore, when you notice only 40 pips out of this range, it is certainly possible to understand some of the proven information that I am sharing here. For this example, let me use EUR / USD to explain this strategy. It is one of the most traded pairs and liquidity is definitely good.

Here are some tips to help you secure a 40 pips target with confidence:

1) Always trade in large time-frames such as 1 hour or 4 hours

Looking at the big time-frames, you are actually seeing the projection of “big” prices in the market. Therefore, you are not only looking at the more reliable signal and pattern formation from the chart, but also not so tiring as looking at the 1 minute or 5 minute chart.

2) You should trade with a good “risk / reward” ratio of at least 1.5x

Forex trading is a game of chance. As long as you lose less than you have won each time and simply wash away and repeat many trades, you will be in the area of ​​”positive” profit every month. So by applying a risk / reward ratio of 1.5x, you plan your profit at 45 pips each time (applies for a pair like EUR / USD) and stop the loss at 30 pips. When you stick to this ratio, every time you win 45 pips but when you lose, it is only 30 pips.

Winning at a lower rate is more – that’s what I said!

3) Learn Forex Trading Strategies for both Sideway and Trending Markets

In the forex market, either the market is sideways (ranging) or trending. And the beauty is that after adopting some strategy for each different market you can definitely nail those pips (profit) you need from both market conditions.

In order to truly hold all the odds in your favor, it is not good to apply only one strategy in all market situations because that way, you will not get good results in the long run or maybe just be a “breakeven”. So all you have to do is include good strategies for both the surrounding and the trending market in your trading basket. And the best strategies you should use are based on price action.

Why so?

This is because the price action is not lagging behind and the “hints” you get from the actual market are often more reliable than the price action. On the other hand, when you rely too much on so-called “textbook technical indicators”, you will suffer more confusion and uncertainty because they are usually less reliable than plain lagging and price action.

By sticking to these 3 proven tips, your effort to make 200 pips per week will no longer be such a challenge. You will definitely face some losses, but if you trade only 2 times a day (using TP 45 pips and SL 30 pips) and your strategies are only 50% accurate – 200 pips at the end of the week is really possible! So if you are interested in tuning both your mindset and trading skills to make 200 pips per week, try and get acquainted with these 3 rules first using a DEMO account.

Once you have “consistently” received 200 pips per week, you can move on to a live trading account if you wish. 200 pips per week will be roughly equal to about 800 pips per month. Now do you know how much these types of pips will help you increase the size of your account with only 2-3% risk each time? I would say that knowing your success in Forex is enough to make most traders around the world “jealous”!

5 Alternative Investment Approaches

What are alternative investments?
An alternative investment is a category of investment that is not covered by any government regulator like RBI, SEBI, IRDA, and PFRDA. It refers to a privately funded investment fund – a trust or a company.

Here are some alternative investment strategies that can influence your investment decision-

Focus on the # 1 perfect return
You invest more money than you started with. This means that you are looking for an absolute return: how much you have actually done, that is the main focus.

Invest in assets that you believe will be good; Do not invest in any product as it may outperform the market. Have your analysis in hand.

# 2 Return one-dimensional, risk multidimensional
When it comes to investing, returns are easy to calculate. Also keep your focus on the risks involved with alternative investment assets. Prepare a list of relevant risks. You just have to be more discriminating with the help you render toward other people.

Also, if something unexpected happens, you can make better decisions if you think about the risks before investing.

# 3 Know the source return
Understand what will impact and drive a return on your investment. When you hold an investment, monitor the value of your investment.

Regularly review your estimates of investment return drivers, if they do not match your parameters or expectations reconsider your investment.

# 4 vaguely good
Some alternatives that are not traditional. An alternative investment is popularized by investment ideas that may not be immediately obvious. Such as cryptocurrency.

Continuing to learn, explore, research, study, and look beyond your comfort zone is the key to financial success.

# 5 Diversity is a must
Holding a mix of assets that are equally good, but which behave differently, will keep your portfolio returns intact and reduce the risk.

Diversify means creating a portfolio with very diverse return drivers and risk parameters, not just different assets.

Many of us find investing in alternative investments extremely risky. However, if you want to have a successful and fulfilling life and retire with enough money to enjoy your leisure years, you must take the risk of calculation. This includes your relationship risk, your career risk and your investment risk.

While smart calculations are vital to taking risks to reach your life goals, keep in mind that taking bad risks and losing can push you back, sometimes significantly. But it can also help to remember that taking smart risks is as easy as making wise decisions.

A framework for making good decisions

I have learned a lot in my life from observing others and from my personal experience – both good and bad. Therefore, when I consider taking risks in any area of ​​my life, here are the questions I ask myself:
1. What are the risks? Be honest. Your emotions do not prevent you from carefully considering all possible risks. This is where the landmine is.
2. What is the probability that a risk is true? Be truthful. Use real data whenever you can by researching and talking to others.
3. What is a reward? Be realistic. Can you really quit your day job and do something ten hours a week and earn $ 100,000 a year? (Probably not.)
4. What are the differences of this award? Be prudent. Find out how many others have done the same thing and how they got through.
5. Do I have any other options? Be creative. Don’t limit yourself. Consider all the possibilities.
6. Do I have to make this decision today? Probably not. Take the time you need to do your research and explore your options.

After you finish answering these six questions, remove the emotions from your decision and ask what your gut is telling you. Also, don’t forget about wild card risks; You don’t know what you don’t know!

Beware The Many Forms of Ransomware

Ransomware has proven to be a major problem for both large and small companies. It can attack your data in various ways and completely shut down your business activities.

In many cases it can cost thousands or millions of dollars to restore access and use of pirated information.

According to Chainanalysis 2021 Crypto Crime Report, the total amount paid by the victims of ransomware increased by 311% in 2020 to about $ 350 million worth of cryptocurrencies, (the most popular form of payment) and the problem will continue to grow.

Overall the best defense against a ransomware attack is a good offense. Understanding the different forms of ransomware can help prepare a company for infiltration. Here are some tips to help you deal with any type of cyber crime.

First, for those unfamiliar with ransomware, it is a virus that silently encrypts user data on their computer. It may infiltrate your system and deny access to key information, disrupting or shutting down all business activities.

Once the intruder has stolen and encrypted the data, a message may appear demanding payment of a certain amount of money to restore access to the information. The victim has only a certain amount of time to pay the cyber criminal. Exceeding the time limit may increase the ransom.

The ability to search other computers on the same network for infecting certain types of ransomware. Others infect their hosts with more malware, which can steal login credentials. This is especially dangerous for sensitive information, such as banking and financial account passwords.

The two main types of ransomware are called crypto ransomware and locker ransomware. Crypto ransomware encrypts various files on the computer so that the user cannot access them. Locker ransomware does not encrypt files. Rather, it “locks” the victim from their device, preventing them from using it. Once it is denied access, it asks the victim to pay to unlock their device.

The last few years have seen many well-known cyber attacks, including ransomware. Contains …

“WannaCry” in 2017. It spread to 150 countries, including the United Kingdom. It was designed to manipulate a Windows vulnerability. By May of that year, it had infected more than 100,000 computers.

The WannaCry attack has affected trusts in many UK hospitals, costing the NHS around £ 92 million. Users were locked out and demanded ransom in the form of Bitcoin. The attack exposed the problematic use of the old system. Cyber ​​attacks have caused nearly $ 4 billion in financial losses worldwide.

Ryuk is a ransomware attack that spread in mid-2018. This disables the Windows System Restore option on PC computers. Without a backup, it was impossible to recover encrypted files It also encrypts network drives. Many of the targeted organizations were in the United States. Claimed ransom has been paid, and the estimated loss is $ 640,000.

KeRanger is thought to be the first ransomware attack to successfully infect Mac computers running the OSX platform. It was placed in an installer of an open source BitTorrent client, also known as a transmission. When users download the infected installer, their device is infected with ransomware. The virus remains inactive for three days and then encrypts about 300 different types of files. It then downloads a file with a ransom, claims a bitcoin, and provides instructions on how to pay the ransom. After the ransom is paid, the victims’ files are decrypted.

As ransomware becomes increasingly complex, the methods used to spread it become more sophisticated. Examples include:

Pay-per-install. It targets devices that have already compromised and can be easily infected by ransomware.

Drive-by download. This ransomware is installed when a victim unknowingly visits a compromised website.

Link to email or social media messages. This method is the most common. Harmful links are sent to emails or online messages so they can click.

Cybersecurity experts agree that if you are the victim of a ransomware attack, do not pay a ransom. Cybercriminals can encrypt your data even after payment and demand more money later.

Instead, back up all data to an external drive or cloud so that it can be easily restored. If your data is not backed up, contact your Internet security company to see if they offer a decryption tool in such situations.

Managed service providers can perform a risk analysis at no cost and determine a company’s security risk.

Understanding the vulnerabilities for a potential intrusion and preparing in advance to overcome them is the best way to stop a cyber thief from wreaking havoc on your company.

Common Mistakes in Business Valuations

Everyday companies, large and small, are subject to public or private business appraisal. Despite the great advances in assessment literature and the advanced educational pathways that enable practitioners to ‘upskill’, I am still amazed at the number of errors when taking this kind of preoccupation.

Here are three of my favorite tips to avoid these errors when evaluating your business:

1) Future Maintenance Income (“FME”) and ‘Average of 3’

When applying an income method and more specifically when applying FME capital, it is common for an FME to calculate the average earnings for the last three financial years. This practice is inherently flawed and contradicts the notion of FME that requires a forward-looking approach, not a pre-existing approach to evaluating earnings.

Errors in averaging historical results increase during periods where wages, rent or other material costs increase rapidly. In addition, recent changes such as relocation to a larger (and more expensive) premises or an expanded workforce are not properly captured. Any change from price change and historical gross margin is ignored in the average process.

With so much time spent working on multiple earnings, it is a shame that FME’s intentions do not guarantee the same scrutiny.

2) Understanding economic drivers

Now more than ever, business is a matter of seemingly constant change. Technological deviations are drowning some industries while others are not going to stop. It is important to be aware of the external factors from the context of an evaluation that affect the key driver of the subject business.

Research house IBISWorld publishes their views on the ‘flying and falling’ industry. History is clearly a weak guide when evaluating businesses on both sides of the spectrum. One proposed underperformer in 2015 is those involved in mining and construction machinery manufacturing. News agencies and video stores have been named in recent years. Outperformers include online groceries and hydroponic grain farming. A deeper understanding of the industry can help avoid unrealistic evaluation decisions.

3) Crosscheck failure

Evaluation practice is a highly disciplined discipline and it is rare to find absolute agreement between practitioners. Nonetheless, it is best to confirm or reject the cross-check conclusion process. This can tighten the scope of an assessment, disprove wrong decisions and ensure that the outputs relate to the ‘real world’.

Crossshakes should include alternative methods to validate or discredit the initial method. Further, decisions based on theoretical inputs such as betas, alphas and bond rates should be weighed against economic and industry expectations so that the decisions do not differ too much. If a hen looks like a duck and sounds like a duck, it could actually be a duck! In other words, if an appraisal of fair market value is required for evaluation opportunities, does the result represent a value that would be acceptable in the market?

Conclusion

For the thematic nature of business evaluation, practitioners have to strictly challenge methods, inputs, and especially outputs before moving away from the ‘autopilot’ and printing. There are currently only 98 CAANZ accredited business evaluation specialists across Australia and New Zealand. Contact one of our team who can navigate with you to navigate the complexity of the assessment and provide a suitable supplier for the purpose.

6 Tips to Help You Improve Your Investment Strategy When Trading BTC

If you want to invest in Bitcoin, make sure you consider a number of things This decision should be based on rigorous technical evaluation and extensive analysis. You don’t want to risk your hard earned money. Instead, the goal of every investor is to achieve the highest return on their investment dollars. Let’s discuss some tips that can help you improve your investment strategy. Read on to know more.

1: Learn the basics

The first step is to make sure that you get a return on your investment, which is possible only if you are familiar with the basics. Sometimes, if you don’t fully understand the basics, you may make the wrong decision.

So, you should know Cryptocurrency Exchange, Private Key, Public Key, Wallet and Digital Coin, to name a few. It is important to know these basic conditions for making good investment decisions.

2: Be consistent

Often, we take too long to make important decisions for many reasons. Indeed, even experienced investors can make this mistake. It is important to understand that it is best to change your strategies based on market conditions. The value of Bitcoin tends to change, which means you have to change your investment strategy from time to time.

3: Use technology

The concept of digital currency depends on technology, which means you will be able to use technology to make your investment decisions. For example, you can try automated bots because they help in cryptocurrency trading. Therefore, you do not have to intervene too much.

These tools can help you save a lot of time and effort during your decision making process. Therefore, their use is a stroke of talent.

4: Consider the exchange charge

When it comes to choosing a cryptocurrency exchange, make sure you are quite selective. In fact, different exchanges have different tariff rates, which can have a big impact on your ROI. This is important if you are involved in a very small business because each transaction is charged based on the rules and regulations of the exchange. Therefore, you should make sure that you have chosen the best exchange to reduce the fee.

5: Do not overtrade

At first, some investors are involved in over-trading. They do a lot of business every day, which is a serious mistake. You may want to avoid it, as the consequences can be devastating. So, you should take your time and make every trading decision after careful thought.

6: Consider options

In some ways, your BTC investment can be quite rewarding. You may want to choose an option that minimizes your risk and maximizes your profits. So, all you have to do is choose an option that involves less risk and more profit.

In short, investing in BTC can be quite rewarding, especially if you follow a thoughtful and measurable approach. So, make sure you are learning the basics and compare different options to make the best decision Hope this helps.