Monthly Archives: July 2021

Learning the use of the most popular charts in the Forex market

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If you are a Forex trader, you need to be updated about the price fluctuations. The way a trader can know the value in detail is called a chart. It is a visual image of value changing for a specific period. It shows the trading activity during the time frame. It can be for 10 minutes, 1 hour, 4 hours, 1 day or 1 week. Since charting is a random event, one should not depend on that. You must follow your strategy and techniques to get success.

The chart is working as a helping hand. It has become relatively easy to identify the currency pairs patterns, movements, and tendencies from a graph. It represents the demand and supply scenery. Here are 3 different types of Forex charts.

  • Line chart
  • Bar chart
  • Candlestick chart

Line chart

It draws the image of currency rate from one closing point to another closing point. The gap between the points is called as the time frame. The price movement during a particular period will be visible through a line chart. Though it is simple to understand, the line is not enough to provide information to its customers. You will only be able to know the closing point of value. The rest of the essential facts will be unknown to you.

But this is the most used thing because day traders and scalper are very fond of this. They can observe the live-action through this one. A big-screen view is quite helpful for many traders. It is the best way to view trends. This type is famous for its simplicity.

Bar chart

A Bar typically has four tools that are used to get accurate information of price movement. Open, close, high, low; four are the ingredients of this one. It is a little bit complicated than the previous one. Where one bar has ended, the next one starts from there. When the price starts to get high, the seller receives priority, and when it goes down, the buyer usually gets the chance to buy currency.

If the lower price movement shows the high mark longer than the low mark, it means the buyer got the opportunity. While increasing the value if the low mark looks more extended than the high mark, the seller has reigned at that moment. But this is not ended yet. Here is just a visual image that shows us the market condition of the currency. It might happen that at the same point, buyers and sellers both are equally active. The bar shows us the actual graph of ongoing value during a limited time.

Candlestick charts

Candlestick chart is a variable form of the bar chart and it is widely used in the ETF investment industry. Most of the traders like it because it is easy to read and understand. It still indicates the vertical line with a high-low range. Candlestick visualizes the bullish and bearish with a color format over display during a time. The upper area of the filled color is the opening price, and the lower part is the closing value. If the closing value gets higher than the opening value, the filled color area will be unfilled or white. Some advantages of the candlestick:

  • Suitable position for beginners
  • Easy to use
  • It has cool names like shooting stars which help us to remember the exact pattern.
  • Excellent records at identifying the market situation and turning point

 

With the help of technical analysis, one can research more correctly which chart is suitable for them. The most crucial fact is to know all usage of tools and follow own strategy confidently. A chart will help you to find out the latest price update. Historical assets will ease the process of identifying the supply and demand zones for traders. It informs us about the current price.

 

 

 

 

 

The benefits of outstaffing

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The benefits of outstaffing

 

Digital transformation is not an abstract notion any longer as technology has rushed into this world rapidly. As companies have to stay competitive at this pace, so the implementation of technological solutions is inevitable. However, finding highly qualified specialists and persuading them to work for you is not always an easy task, especially for small and medium-sized businesses. That is where you may benefit from the IT outstaffing services.

 

What is IT outstaffing?

Companies aim to effectively operate their costs and expenses, so they are searching for approaches that would enable this. One of those solutions refers to outstaffing services that are very common in the IT-sphere.

 

The outstaffing model implies cooperation between a customer and a service provider. As a rule, those two parties usually reside in different cities, countries, or even continents. A customer or a client is a business searching for solutions to its needs, while a service provider is a company that provides outstaffing services.

 

When businesses need to streamline their processes by implementing technological solutions, they need IT specialists. Hiring in-house professionals might be a real challenge, especially when specific skills are required. That is why many businesses decide to collaborate with outsourcing or outstaffing companies. They provide a qualified workforce for the client to work on its projects and tasks.

The difference between IT outstaffing and outsourcing

 

Outsourcing is a relatively new but very modern notion in the world of businesses. It refers primarily to the information technology sphere but it also common for providing marketing, accounting, designing, and other solutions. In a nutshell, outsourcing implies cooperation between two companies based on the agreement. A client states the requirements for the product, while the outsourcing company does everything possible to develop it.

 

Within the outsourcing model, the collaboration is primarily project-based and has established time limits. A service provider is obliged to hire a team of professionals to work on the project and support it further if necessary. The outsourcing company also takes care of all legal, organizational, and financial tasks under control. The communication between a client and a team of specialists is done with the involvement of the project manager.

 

The outstaffing model is very similar to the outsourcing one, however, one major difference does exist. While outsourcing is associated with short-term projects with limited control over the team of professionals working on it, outstaffing allows for better interaction with remote specialists.

 

In fact, outstaffing is excellent for extending the in-house team with remote workers as well. Those external specialists are hired by the outstaffing company, so the client does not have to worry about the operational processes.

 

The benefits of IT outstaffing

Probably the main reason for companies to use outstaffing services relates to cost-effectiveness. For instance, the salaries of IT specialists differ significantly in various countries, so hiring remote professionals allows saving a lot of money and optimizing expenses.

 

Another major reason is the lack of a workforce on the market in a certain country. IT specialists possess unique skills which are usually not easy to develop. However, in Ukraine, there are plenty of such qualified professionals due to the educational and technological base available there. That is why many foreign companies refer to the IT outstaffing services in this country.