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WBTPO: How to begin trading in the market

WBTPO: How to begin trading in the market

Investing in the stock market can be overwhelming especially if it is your first time. However, with a bit of guidance, rest assured that you will be able to trade in the market with ease. Not only is this a great way to earn profit but is also helpful if you are saving for retirement. Interested in online trading? If yes, then read further to know more below!

Assess your investment goals

If you are just starting out in online trading, the first thing you need to do is assess your investment goals. Most traders can be classified as either short or long-term investors. For a proper evaluation, make sure to write these goals down before trading. Some examples include:

  • For instance, if you are planning to save money for retirement then you probably want to organize a long term investment.
  • On the contrary, if you are planning to get your children to college, you need to plan on short term investments.

Conduct research on current trends.

Once you have written down your investment goals, you now need to research the current trends. By doing this, you will be able to know which one to invest in to earn money. Fortunately, there are many reputable sources that report on market trends such as:

  • Kiplinger
  • Investor’s Business Daily
  • Traders World
  • The Economist
  • Bloomberg BusinessWeek
  • You could
  • Abnormal Returns
  • Deal Book
  • Footnoted
  • Calculated Risk
  • Zero Hedge

Select a trading website. 

For people who are just starting out, using a reputable trading website will give you a higher chance of successful trades. However, when looking for one, make sure to read reviews online. This will give you a better idea of the platform that is suitable for you. Moreover, they must also offer amenities such as a mobile phone app, investor education and research tools, low transaction fees, easy to read data and 24/7 customer service. Some of the best sites we recommend include:

  • Scottrade
  • OptionsHouse
  • TD Ameritrade
  • Motif Investing
  • TradeKing

Buy reliable stocks.

Although you have a lot of stocks to choose from, it can be quite hard to pick one that will guarantee profit the most. For this reason, you must always keep these things in mind before investing in a particular stock:

  • Try to look into a company’s public financial reports to evaluate how profitable they are. Remember, a more profitable company usually means a more profitable stock. To find them, visit their website to get their contact information, call the company staff and request a hard copy.
  • Before investing, try to research the company’s worst quarter on record and decide if the risk of repeating that quarter is worth the potential for profit.
The Most Popular Export Products of India

The Most Popular Export Products of India

The Most Popular Export Products of India

The economy is one of the most important aspects that contribute to the growth of any country. Indeed, it is with the flow of products that the gross annual income of a country is computed. By knowing how much has been earned by its citizens and its businesses, the economic state of the country is determined. One of the things that are observed is the flow of the export products and how well they perform in foreign countries where they are being sold. 

All countries have their own export products. More often than not, products that are exported are the ones which a certain country is most proud of. India is one of the countries that have an impressive flow of export goods. 

Here at West Bengal Trade Promotion Organisation, we monitor the trade and commerce of the country. With that, here is a closer look at India’s export market. 

Export products 

India is one of the countries that are doing well when it comes to their exports. In fact, this is one of the reasons why India is one of the fastest-growing economies in the world. According to statistics, the export market of India is the major contributor to its economy. Aside from that, they are also known as one of the leading exporters around the world. 

Here are some of India’s most popular exports. 

  • Precious metals 
  • Gems
  • Oil and other mineral fuels
  • Vehicles
  • Iron and steel
  • Clothing
  • Computers and other gadget components 
  • Pharmaceuticals
  • Organic chemicals 
  • Electrical machinery and its components 

These are just some of the products that are being exported from India. More often than not, the net worth of the exports can be valued at more than a hundred million dollars. 

Top export recipients 

Given the fact that the products being exported by India are really promising, the things that they offer have already made their way to several countries around the world. By being one of the top exporters in the world, it is not surprising to know that the variety of products they offer appeals to the interests of other countries. With that, here are some of the most common recipients of Indian exports and the products that they usually receive. 

  • United States (diamonds)
  • United Arab Emirates (jewellery)
  • China (refined copper)
  • Hong Kong (diamonds)
  • Germany (gas turbines)

Although the aforementioned are just some of the country’s main exports, what remains to be on top is refined petroleum. Given that this is highly important in any country, it is not surprising to know that India became an economic powerhouse because of the way that it exports a lot of essential petroleum across the world. 

By looking at the performance of Indian products on the export market, one will really be impressed by how India is capable of having a promising economy that can rival that of other huge countries. 

Trade Expo Explained for Beginners

Trade Expo Explained for Beginners

Trade Expo Explained for Beginners

Trade expo goes by many names which usually only differ by region. In Europe, it is called a trade show while it is called a trade fair in most parts of the United States. It is also called a trade exposition which is the full version of the word. Many just call it simply ‘expo’.

What Is the Purpose of an Expo?

By definition of the word ‘trade exposition’, this event is all about exposing your trade to interested parties. Investing in public marketing is one way to get your product and brand to reach its target audience. 

Meanwhile, joining an expo allows your goods and services to be appraised by enthusiasts of a similar field. This is how you meet with experts in the industry, see potential investors, make connections with trade partners, or identify your rivals.

Types of Expo

There are two types of trade expos and those are the following:

Consumer Expo

Consumer expo or public expo is the kind of event that is open for people outside of the industry. This kind of setting always allows the exhibitors to sell their products in retail to random people. 

While they may not be experts, some members of the public may know a thing or two about your trade. If they give their opinion, you have to respect it. A consumer expo is like a market and along with that is the common practice of haggling. Be sure to be ready for that kind of engagement.

Trade-Only Expo

A trade-only expo is an event where nobody who is not registered or recognized as a member of the industry is allowed to enter the event’s floor. Every person visiting your booth is an expert in the field. 

The kinds of people invited to these events are company representatives and investors. Members of the press are also invited to write about most of the exhibits and hopefully promote them. Other times, they’re just there to become the window for the public looking in. 

Most trade-only expos are about innovations in the industry such as new medical equipment or techniques. Others include project proposals looking for investors to start their operations. Other times, traders just want to get an orientation on the state of the industry and maybe buy wholesale from each other. 

Other Things that Happen in an Expo

Aside from trading or making connections, expos are also great mediums to spread awareness about certain topics that must be addressed by industry leaders. Some of these include a change in the way marketing should be held because of the popularity of a certain medium. 

Other times, it’s an opportunity to stop a certain practice that may be causing more harm than good to sales. The West Bengal Trade Promotion Organisation often addressed such topics for both global and local scales.

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