Ecommerce Website Development – What Does this Service Constitute?
While many who transition to ecommerce look for a provider of ecommerce website development services, they have little idea of what the service constitutes. Actuallv by, an ecommerce website developer’s main focus is not to develop the ecommerce technology but to use existing programs, solutions and applications to make your Internet space appear and behave responsively as a web-based online store.
It should be capable of accepting orders, offering amenities, processing customer payments and releasing the purchased merchandise to carriers who will ship them directly to customers.
There are three known ways by which a website developer customizes and builds an online store.
One is to build it from scratch using an open-source ecommerce platform.
The Drawback of Building from Scratch
Building from scratch may seem economical at first, as it uses an open-source ecommerce platform, which allows modifying any or all aspects if the codes. Yet the developer here is building only a website designed and customized for ecommerce use. At the end of the day, turning it into a functional and mobile-responsive ecommerce website will prove to be more costly and cumbersome.
The ecommerce merchant has to pay web hosting fees, obtain tools and applications, and hire an administrator to ensure the online store is PCI compliant, has no security issues exposing its customers to cyber theft, is up to date with manual patches and software updates. This is why many developers give advice against building from scratch because in time and as the business grows, the greater the complexities become.
Lease to Customize a Third Party SaaS Ecommerce Platform
The second option is to simply customize a monolith solution of a large block of pre-built, cloud-based ecommerce platform offered for lease by a third party SaaS provider.
This is the traditional ecommerce model, which ties together all the needs and requirements into a single monolithic architecture. This of course benefits an ecommerce merchant in terms of setting up market operations within a shorter period of waiting time. Although it does not offer much in terms of flexibility of customization and functionality integrations, the SaaS solutions provider assumes administrative many responsibilities.
Such responsibilities include site hosting and ensuring security, software updates, PCI compliance and all other tasks that basically comes with managing the cloud-based software.
Build Using the MACH Approach
The third option is to use the MACH approach, which follows the principle of building an ecommerce platform using the best of breed in Microservices, API-First, Cloud-Native and Headless (MACH) architecture.
This approach allows the ecommerce merchant with plans of expanding into other regions and/or launching multiple ecommerce websites. A monolith architecture is a smart choice if your intention for your ecommerce store is to let it stay within the small and mid-sized scale so you can limit the requirements.
If you have not found an ecommerce website developer who can provide you the kind of service that ecommerce store needs, reach out to Brainvire. The company has a team of knowledgeable and highly qualified web developers. They can unlock the potential of any eCommerce platform to create and accelerate the rollout of a customer-focused, web-based store using the eCommerce platforms of Magento, WooCommerce, Shopify and Squarespace.
Is it Legal and Safe to Engage in Forex Trading in Malaysia?
Trading on foreign currencies is popular among Malaysian retail investors looking to grow their small capital by way of short term investment opportunities. The advent of modern Malaysia-based online trading platforms have made such opportunities accessible, not only to local investors but also to non-Malaysian residents.
Are Malaysia-Based Online Trading Platforms Legal and Reliable?
Generally, forex trading by way of Malaysian online trading platforms is legal but only if the platform is operated by market intermediaries or brokers, duly licensed by the Securities Commission of Malaysia (SC). The SC, being the financial regulatory body of the Malaysian government, issues a Capital Markets Services License (CMSL) to those who satisfactorily meet the legal requirements, as well as abide by the laws and regulations prescribed by the government.
The CSML license held by Malaysian financial institutions and market intermediaries gives Malaysian investors the confidence to engage in investing and trading activities in the country’s financial markets. As a rule, the Securities Commission of Malaysia awards a CSML license to investment brokers only if they meet the following factors:
Proven probity, a characteristic pertaining to honesty and beyond, as it also denotes the refusal to lie or to deceive in any way or manner and for whatever reason.
Verified Financial Status, which refers to a license applicant’s level of income as required under a specific category, which determines the extent of one’s financial ability to provide market intermediary services.
Proven ability to carry out efficiently, equitably and honestly, financial servicing functions based on their role as intermediaries in Malaysia’s financial markets. As an example, Rakuten Trade became the first fully developed online trading platform to operate in Malaysia in 2017, as it merited the SC’s approval for a CSML license.
Proven reputation, reliability and integrity in performing related functions, including providing sufficient protection to investors from defaults or insolvencies.
Through its authorit,y the SC regulates the financial markets by ascertaining that such factors and other regulatory requirements are met before a CSML license is awarded.
A Closer Look at Rakuten Trade and Its Online Trading Platform
Rakuten Trade is a fintech firm founded by Japan-based Rakuten Securities Inc and Kenaga Investment Bank Berhad of Malaysia. The company received approval from the SC in 2017 to operate a web-based trading platform. The technology serves as a self-service investment portal that Malaysians can use in accessing Malaysia’s financial markets, including Bursa Malaysia. In 2018, Rakuten Trade won the coveted ‘FinTech Company of the Year.’
Through Rakuten Trade’s user-friendly online trading platform and by using their individual Rakuten Trade accounts, retail investors and day traders can carry out their investing and trading activities, as well as execute trading strategies. The web-based platform enables users to view their respective account summary, such as their transaction history, portfolio of corporate subscriptions and their reward points along with related conversions.
Readers looking for more information about Rakuten Trade and the usability of its platform, its fees, customer service support and user reviews, can find a comprehensive review published by AskTrader.com in this page https://www.asktraders.com/broker-reviews/rakuten-trade/.
Why Trading Signals have Become Essential Elements in Crypto Trading
In the early days of cryptocurrency exchanges, many bitcoin owners experienced difficulty in managing their digital money due to lack of full understanding. Not a few suffered many sleepless nights after waking up to find the value of their bitcoin assets going way below the original acquisition price. Back then, there were no trading signals that would have helped them mitigate their losses, or made them aware of opportunities to sell their bitcoin for a reasonable profit.
The high volatility of the bitcoin market and frequent news of bitcoin prices crashing, painted a picture of bitcoin as a risky investment. It seemed that only those who are knowledgeable about cryptocurrencies can make money from trading crypto assets. As a result, bitcoin prices remained stagnant for quite some time.
Still, technological innovations, trading signals, full-blast mining operations and several developments gave bitcoin and other crypto money the facelift they needed to gain the support of European and Asian governments and financial institutions. Only recently, even leading payments processor PayPal has embraced digital currency trading, while its blockchain technology partner Paxos, has put forward an application for recognition as a federally regulated bank In the U.S.
That means cryptocurrency owners can expect to receive PayPal signals in addition to binance signals, or trading signals from other cryptocurrency exchange sites like Coinbase and BitMex.
Why are Trading Signals Important?
Training signals are crucial to one’s management of cryptocurrencies because paying close attention to significant developments in the digital money markets is the best approach to making wise decisions. To those who want to do so, but find it difficult to keep constantly abreast with what is taking place in the market, trading signals are the ways to go.
Trading signals are relevant pieces of information provided by expert advisers (EAs) operating via the Telegram Financial Trading Channels. They are trading calls sent directly to customers through an established and secure connection at the Telegram messaging app.
Aside from stating the recommended cryptocurrency to buy, e.g. bitcoin (BTC), etherium (ETH) or RippleNet /Ripple X Current (XRP), the communicating EA recommends the “price to buy at” as the reasonable price; and the “price targets to sell at” in order to realize profit.
In addition, trading signal notifications include a recommendation at what “price target to place one’s stop losses.’ The Stop Loss feature of the Telegram Trading Channel allows a trader to automatically stop trading once the price target has been reached, as a way to mitigate trading losses.
When trading signals providers are reliable, following the calls they send in real time will likely enrich not only one’s trading experience but also one’s MetaTrader account.
Importance of Financial Literacy in Effectively Managing Financial Resources
In coming of age in an economy where there is much uncertainty on the security of your main source of income, having financial literacy is of utmost importance. The pandemic has taught us lessons about the lack of preparedness for unexpected distress of not having enough money saved for contingencies.
Yet what is financial literacy and how can it help us prepare for the unexpected?
Financial Literacy Defined
Financial literacy is that state of mind where a person is knowledgeable about basic financial matters in ways that will enable him or her to effectively manage financial resources. In being financially literate, you will be able to understand and develop basic skills in budgeting, in keeping your cash position illiquid, in negotiating for the best deals, as well as in choosing the right investment product on which to grow your money.
The more financially literate you are, the better equipped you become in saving up for the future and whatever that future brings.
Studies Revealed Low Levels of Financial Literacy Among American Millennials and Gen Zs
A study conducted by the National Endowment for Financial Education revealed that only 24 percent of American millennials indicated basic financial literacy. The Teachers Insurance and Annuity Association of America (TIAA) fielded a 2020 survey that revealed the members of Generation Z as the demographic with the lowest level of financial literacy; as only 41% were able to answer the index questions accurately.
Such revelations were supported by the results of a study performed by the Urban Institute, which revealed that as many as 77 million Americans in all demographics have outstanding credit card debts. A separate study by the Financial Industry Regulatory Authority (FINRA) indicated that one-third of American with credit card debts pay only the minimum amount due on their credit card bill/s each month.
Importance of Being Financially Literate
According to financial expert and founder of Edelmar Financial Engine, persons who are not financially literate tend to pay for purchases that could have cost them less and at the same time tend to miss out on investment opportunities. The most common case examples provided by financial experts in relation to lack of financial literacy is the practice of using credit cards for nearly all purchases, without understanding the impact of compounded interests.
Why Financial Literacy Matters in the Use of Credit Cards
While the main benefit of credit cards is in having the power to defer payment on purchases, one should have full understanding of the Annual Percentage Rate (APR) of interest being applied by credit card companies on outstanding debts.Since this article mainly focuses on the importance of financial literacy, we will not go into long discussions about APR.
We will simply point out that the interest increases the amount of your obligation on a daily basis and has a compounding effect. When an interest becomes part of your outstanding balance, the minimum payments you make monthly will first apply as payment of the interest due. In the meantime, the unpaid balance of your credit purchase remains outstanding and still subject to monthly interest charges. As a result, your credit score will be affected because your credit card history will reflect slowness in the payment of obligations when they fall due.
Financial literacy is more than just looking for the best offers, let’s say for a car insurance coverage. Even if websites like carinsurancenearme.com furnish the most comprehensive data with which to make comparisons, being financially literate will enable you to analyze which insurance policy can effectively provide you the best coverage for car-related contingencies.
Rapid Changes in Oil Prices Spur Spike in Oil Futures Derivatives
A spike in oil future derivatives is likely to transpire now that oil-producing countries finally took action to arrest the continuing decline in oil prices.
What Caused the Collapse in Global Oil Prices?
The collapse of global oil prices went as low as $2. per barrel, only to slump further at 25 cents per barrel. Price drops were driven by the excessive supply of oil amidst the coronavirus crisis. Inasmuch as the economies of countries across the globe halted, the demand for oil rapidly vanished and caused a reverse trend on how oil prices go in the global oil markets.
As prices continued to drop, member countries of the Organization of Petroleum Exporting Countries (OPEC) finally came to an agreement to cut their supply of oil. That way, a semblance of balance will be achieved if less will be available until such time that supply, becomes more or less, proportionate to current demand.
A more significant step that was taken, was the suspension of oil production. Since nearly all storage tanks remain full, none will be available if oil fields and drilling sites continue to pump out oil. Currently, the price of oil is coursing at an upward trend, as the demand for oil and petrol products is likewise increasing in countries that are gradually reopening their economies.
Still, rapid changes in oil price are taking place, as countries in Asia where Russia’s oil are being delivered, are currently experiencing a second wave of the COVID-19 pandemic. In the U.S., several states are also experiencing a second wave; although it is widely suspected that the additional cases are mere extensions of the first wave.
Nonetheless, stock market investors have little confidence in buying shares of oil companies despite their ridiculously low prices. The general consensus is that it will take time before oil companies can recover from the losses caused by the oil-price collapse. That being the case, not a few, but many financial traders are turning their attention to oil futures and their related derivatives.
Newbies are Advised to Practice First Before Participating in Derivatives for Oil Futures
Although derivatives for oil futures may have the appeal of being a straightforward yet lucrative transaction, it would be best for newbies not to quickly jump in. The matter of making decisions on whether to agree (Yes) or disagree (No) to a proposition requires careful thinking and assessments of global conditions. A wrong decision over a proposition could spell substantial losses that one might find hard to recover.
Newbies should first take time to practice by using a demo or practice trading platform like the one that they will find at https://ipoption.com/
The platform is offered free of charge by leading CFD broker IQ Option Europe Limited, which comes with a 10,000 demo money value. This broker is licensed and regulated by the Cyprus Securities and Exchange Commission, which requires licensed brokers to offer a demo trading platform that has the same and exact features as the platform used for real money. The only difference is that the demo software runs only on demo-money.
Another great thing about using the IQ Option demo trading platform is that for a minimum deposit of $10, new members can practice all they want and for as along as they want.