Monthly Archives: April 2018

Can you stay ahead of the competition

Like it or hate it but you cannot live without digitization. The fast-paced growth of technology has seen digitization come to age much faster than probably anticipated by the masses. Thus, if you wish to remain in the rat race or even otherwise, it is mandatory that you embrace the latest technology in your field and move on.

It is similar to the emergence of the automated trading systems which have opened new avenues for anyone and everyone who wants to make some extra income by entering the trading scene. You can learn more about this software to be a part of a growing population that is supporting their passive income with profits from this software.

In the current world, the attention span of customers is limited; they are constantly bombarded with ads on TV, newspaper and social media. Unless you enhance your marketing strategies sustaining a loyal customer base will be a major challenge. So, how can you improve your marketing techniques to stay ahead of the competition?

Rely on blockchain

It is not just cryptocurrencies that rely on blockchain but even businesses have realized the potential of this tool in a multi-diverse global world where the sub-communities are so intertwined with each other that reaching all target audience can be a challenge. But with technologies like blockchain you are ensuring that you reach every segment of the market.

Incentivize the audience

The digital world has thrown open the doors of the market to everyone and there are several new players in the field – aggressive and ready to do everything that it takes to reach the top. Plain marketing is not enough to lure customers. You must look at new avenues and means to bring back old customers and entice new ones. One trend that is fast catching up is incentivization – offering benefits to customers that are hard to refuse and thereby forcing them to become powerful advocates for your company.

Don’t ignore AI

AI is expanding exponentially and is making its presence felt in all walks of life. It is by far one of the most potent marketing tools that companies have right now. The future is in the hands of algorithms that can be programmed to reach any target effectively and efficiently. The possibilities of adopting AI are immense; it is so powerful that it can adjust content according to the need of the hour and based on customer response. This is one tool you just cannot afford to ignore if you wish to remain on top of the game.

Importance of a demo account in trading systems

When you pick an investment option there are many factors that would influence your decision. One among them would be the budget and the time you have in your hand. Some investments, like trading, require a lot of time and attention. But they have the flexibility of choosing a portfolio you can afford. And not to forget the liquidity that it offers. But one cannot deny that the stock market is volatile. So nothing would prepare you for the actual stock market scenario like the stock market itself. If you have been reading several books on trading and stock market then you should also make sure that you have a practical hands-on experience to strengthen your skills.

What is a demo account?

As the name indicates this is a demo of the trading account that the trading system offers to the user. Some users open multiple trading accounts so as to widen their options and some stick with one. No matter how many trading accounts you open it is always good to have a demo account.

A demo account would be very similar to the actual trading account itself. This would give you a peek into how it would be to actually use your account, how to make deposits, how to place an order and more. There would be simulated money allotted in your account which you can use to buy shares and watch them grow. Once you are confident with the procedure and the platform you would be able to execute actual orders with real money.

Benefits of a demo account:

  • Demo accounts are very similar to the live market trading. So for those who are looking for an exposure to the stock market, this is a great feature.
  • Trading strategies can be revised easily when you have a demo account. Even experienced traders might have one or more demo accounts. If you plan to improve your trading strategy, work on the indicators that you plan to follow then demo accounts can be used to test them. You cannot go to a trial and error method and take big risks with the real trading account.
  • Demo accounts are often free. As it is simulated money that you use there would be no fees to carry out your orders in the demo account.

There are many trading bots and online trading systems like Ethereum Code that offer a demo account. Click here to know more about this trading bot.