Significance of Third Party Car Insurance

Third-party car insurance or third-party liability cover is a constitutional prerequisite under the Motor Vehicles Act of 1988, and is compulsory for anyone possessing, purchasing, or driving a motor vehicle.

It is known as the ‘third-party’ coverage because it does not provide any benefit to you, instead, covers your legal liability for the demise/ disability/ injury caused to the third-party or harm to the third-party vehicle.

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Thus, even though you are not the direct beneficiary, a third-party car insurance secures you from legal repercussions which could cost you heavily otherwise.

Since the third party car insurance plan is mandatory in India, it is usually a part of the main car insurance policy.

Basics about Third Party Car Insurance

Popular third party car insurance plans offer a lot of features such as:

i. Reimbursement in Case of

– Permanent total disability

If the third-party involved in the accident suffers a partial or permanent disability, the insurance covers the expenses of the damage for the person.

– Death

Third party insurance also covers the case of death due to a severe accident and provides death compensation to the third party. This coverage is unrestricted and generally depends on factors like the earning volume of the affected, the effect on the household, etc.

– Property Damage

The third party plan also insures you against any loss or damage of the property belonging to the third-party.

ii. Ensures Peace of Mind

Third-party car insurance policies bring peace of mind to you as an owner-driver of a car in India, since you are financially covered for any traumatic situations involving your vehicle which can only be compensated for monetarily. Hence, instead of having to worry about such unforeseen expenses, attention can be paid to providing immediate relief from stress and coping up with the incident.

iii. Easily Accessible

Third-party car insurance policies are easily accessible as they can be bought and renewed online itself, which is a quick and simple process. Hence, it can easily be availed by anyone as per their time and convenience.

iv. Cost-Effective

The third-party vehicle liability insurance as an add-on or a part of the main plan is cost-effective and quite advantageous in terms of financial costs and premiums. Such policies are affordable by all as the premiums are low and have a fixed nominal value.

How Much Does Third Party Insurance Cost?

Third-party car insurance is an affordable option when compared to other insurance plans. A comprehensive car cover for a mid-segment car, along with protection for your own damage and third-party liability will cost you around INR 10,000- 12,000.

But, buying only a third-party liability cover costs you even less than INR 1,000, which is a minor segment of the complete cover.

Also, as third-party insurance cover is compulsory by law, you generally won’t find any discrepancy in the premiums of these policies and hence, the premium amounts will essentially remain similar regardless of the insurance company you choose.

Always make sure that the insurance company you choose is registered with the Insurance and Regulatory Authority of India (IRDA) before you purchase a third-party car insurance in 2018.

How to Make the Most of Third Party Car Insurance

You can make the most of any third-party car insurance by ensuring that the plan you select has the following benefits:

i. Easy and Hassle-Free Purchase and Renewal

Third-party car insurance policy must be easily available to be bought and renewed. You should find it easily, either through the website of the insurance company or through insurance aggregator portals like Coverfox.com.

At the same time, it should be possible to renew the insurance without too many additional processes. Ideally, the company should store a copy of the previous records associated with you to make it a hassle-free and tension-free process.

ii. Easy Insurance Claim Back Process

In the event of an accident, there is enough stress that both parties go through, the policyholder and the third-party. Therefore, the insurance companies must provide relief with a simple and paperless claim back process, so as not to add undue stress. Ensure that you read the policy terms and conditions of your liability-only plan thoroughly.

Which Insurance Plan is the Best for You?

Coverfox.com can help you provide more information and assistance on the best third-party car insurance policies along with detailed descriptions of their features and benefits.

It also assists you with cost analysis and provides you with a comparison tool of all these different insurance policies. Stay insured, stay safe.

Trading Tips: Avoiding Risks in the Market

When you’re a trader, you’re always playing with the words ‘risks’ and ‘rewards.’  And of course, if you’ve been studying up about this game, you’d know the basic rule: higher rewards mean higher risks.

Now, you may think that the reverse is also true.  But, in fact, higher risks do not necessarily mean higher rewards.  This is because we sometimes incur unnecessary risks.

Therefore, it is important to understand you own risk tolerance and Kinds of Derivatives.  This also refers to your risk appetite, or the amount of risks you are willing to withstand in exchange for an amount of potential reward.  You also have to create strategies that can minimize the amount of risks you have to endure.

Here are some tips that can help you avoid the risks in your investments.

Diversification

Of course, this is one golden rule of thumb in the world of investors.  Never put all your eggs in one basket if you want to stay in the game for the long haul.  When you diversify your portfolio, you minimize the overall risk your portfolio has to suffer.  Just imagine if you concentrated all your money on stock A, and stock A suddenly crashes or goes out of business.  You have to say bitter goodbye to your investments.

Keep close eyes on your investments

Monitoring your Derivative Trading and investments on a regular basis and on an efficient way is very crucial for a successful portfolio.  You have to keep tabs on the performances of your investments.  Read the news and keep yourself updated with everything the industry does.

Monitoring your investments closely will help you see which risks are coming.  And since you know which they are ahead of time, you’d have time to prepare or even find a way to avoid them altogether.

Research

Aside from monitoring your investments, you also have to perform the proper and sufficient amount of research about them.  Researching involves going back in time (not literally) and checking how the investment performed in the past.

You also have to know the history of its growth, earnings, management changes, and debt load.  Inasmuch as you know these things, it’s equally important to know how to interpret them against the present condition of the company and the most current information about it.

The future can be easier foreseen then, if you successfully and accurately interpreted the data you have gathered.  In other words, you need to use the investment’s past and present to predict its future.  And you’re going to use your prediction to know what lies ahead for your profitability.

Do not forget Stop Loss Orders

A stop loss order is a tool placed on a stock.  This automatically triggers the stock’s sale when it goes lower than a predetermined price.  A stop loss order is there to limit or stop the losses you may incur in a trade.

It is very common for rookie traders to lose huge amounts from their investments simply because they forget to or don’t place stop loss orders.  Bear in mind that it has been proven that stop loss orders help minimize losses and maximize profits.

Guide To Move For The Revolutionary Level Trading Platform

Isn’t wrong to say HQBroker is the fortified and well-trusted platform to avail on best online trading. The brand offers a direct level of the result by means of the reputational process. The ongoing operation of the HQBroker is provided with a highly specialized fund management system whereby the client’s currencies are safely maintained under the administration place. Here you will get the HQBroker News of desperate on the funds and assets and so the traders loaded with transparent trading. Also, it has been a good intention for the trading accountability.

The traditional model of HQBroker:

The concerned HQBroker isn’t any form of any common financial regulatory authority the overall process is financial regulatory authority operational base alone. HQBroker has implemented the latest trading technologies for the purpose of assuring the customers about no chance of any downtime.

Fortified terms of HQBroker:

Around thousands of clients trust the transaction process of HQBroker and so to safeguard the valuable info about the customer’s data from any intruders an advanced technology of SSL encryption technology is blended to encrypt any sort of customer transaction.

Tradeline of HQBroker:

The trading system and its narrowed spreads will constantly differ by means of the narrowed accounts of the clients. Take for an example if you belong to the general account possessed with EUR / USD pair of the coin then the spread value is of 1.2 pips, aside from for the Silver account the spread value is 1 pip and alternatively, for the gold account the spread value is 0.8 pips. Only when your accounts have high foreign currency pair then the spread value will increase up to 5.5 pips.

Though HQBroker offers several beneficial terms and reputed as a topmost trading platform the clients have to look HQBroker Reviews to reduce shortcoming chaos on your trading line.

3 Most Common Tips On Forex Trading For Beginners- How To Be Successful

About to invest money in trading? You see, most of the inexperienced beginners face losses in Forex trading due to the implication of wrong methods. So it is very important to follow the right methods and gothrough the relevant HQBroker Reviews before hiring a broker. This article will provide tips on forex trading for beginners.

  1. Understanding needs –

It is very important to recognize markets for a profit in forex trading. But before that, it is important to know one’s self. So the first step is to ensure that the capital allocation and risk tolerance to trading are not lacking as well as are not excessive. In simple words, it means that the person should first analyze his/her financial aims before engaging in forex trading.

After that, it is important to plan the goals like defining a timeframe and developing a plan for trading. Time devoted for trading, time for the trial and error method, is it for extra income or financial independence are important things to consider while planning.

  1. Choosing a broker –

Most beginners neglect this step but it is very important to choose a right broker.  Choosing an unreliable and fake broker can result in invalidation of everything gained in time through hard work. It is important to know the broker’s aim about a client profile. It is important to see if the trading software meets the requirements of the person. There are many reviews which can be used to choose a good broker.

  1. Picking account type –

The person should choose an account type that meets the knowledge level as well as the expectations. Brokers may offer several account types, but the common rule for beginners is lower leverage is always better. People can watch various HQBroker Video Reviews.

Forex trading can be very tricky so before beginning anything proper research should be done to search for valuable info about forex trading.

How To Reap Benefit From Forext Broker Bonuses

Forex trading seems to be the quite lucrative opportunity for the investors. You can get plenty of bonus amounts depending upon your prediction on the present market. The best thing regarding trading in currency exchange market is that one need not have plenty of money for startup rather they can buy and sell a currency with just a few dollars. Furthermore, you can avail Forex Trading Bonus under specific conditions. You can avail forex trading bonus in a secure way.

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Significance Of Forex Broker Bonuses

Forex broker bonuses are regarded as the great benefit for the forex traders at various levels. In fact, there are different types of broker bonuses available such as new account bonus, competition bonus, and bonus on each trading process, bonus for specific pips, rebate bonus and other special bonus options. Forex broker bonus will help you to reap extra benefit out of forex trading. It does not matter whether you start up with a micro account or an advanced trader who uses best tools and forex signals then broker bonuses will surely serve your Forex account. Therefore, open up an account with licensed forex broker who offers you massive bonuses. The best forex broker will offer you Forex Daily Bonus by opening a new account with them.

Important Points About Forex Bonuses

  • Forex trading system realizes the utmost potential of providing massive forex bonuses for its traders.
  • The broker bonuses offer the traders with wonderful opportunity to perform forex trading easily and successfully.
  • With the aid of forex bonuses, the traders are earning plenty of cash amount on every new trader.
  • It is a wonderful idea and the traders are sure to reap wonderful benefit from forex trade.
  • It is regarded as the win-win situation for the forex broker and trader because the trader gets bonus amount for trading and broker to get the opportunity to develop a good business relationship with customers.

Go With the Right Tools to Prevent Major Risk in a Fine Manner

FHBC is leading trading company which delivers the different trading platform to trade with comfort and safe forever.  By choosing right Trading Platform will allow to make more money on trading without meeting any risk and trouble of it. Even though forex trading is available but the Meta trader 4 is become powerful systems to trade with safer for trader.

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It allow to enter and trade the Forex, futures in the all other financial markets and it deliver major essential tools and support to trade in a winning way. It provide simple transaction of the trading and also  it build with the option of the automatic trading programs so it become more comfortable for the trader to trade with low to high investment. The fresh Meta trader 4 becomes effective trading systems for the different reason and it is well designed and embodies with the all need of the trader in this single platform.

 While coming to trade, you just meet the risk at financial trading and all forex traders have all basic techniques for managing and also minimizing all Financial Trading Risk Management.  By using right tools, you can minimize risk like stop losing and take profit. Hence the trader need to limits the investor can set in advance during the place of forex order.  It build with the stop loss function which can lower limit and it allow to trader to exit as different poison when the pair of exchange rate are get drops below the present level. Then it can stop losing trade amount in a winning way. When it comes to stop lossing, then you can make more profit which is highly valuable for all traders to control the ordinary risk and support. On the other hand this trader are most important tools  which let to outlook on the trading  and needs to enter the market completely to come out risk of trading.

Minimizing Distractions in Home-Based Forex Trading

When you’re a part-time trader who does the trading at home, it’s easy to be distracted by a plethora of things. This is one of the challenges of being a home-based trader. Distractions are everywhere.

For one, you might want to keep up with your trades and market movements, but you also have this strong desire to keep up with the Kardashians. You may even want to watch your favourite Netflix series’ season finale instead of watching your HQBroker Review charts and indicators.

Sometimes, the urge to follow celebrities on Twitter or stalk that special person is stronger than the need to follow market updates.

Don’t fret, because there are ways to minimize or ward off these distractions. Read on to know more!

Set a schedule and strictly follow it

This is as just as important as having a trading plan and strictly following it. If you dedicate a time for your trades, say a couple hours or so each night, then follow it and don’t break it unless extremely necessary.

And even if you’re a full-time trader at home, you still have to make the most out of your allotted time to trading. Maximize your time.

If your schedule says that you should trade every night from 5 pm to 9 pm, you better follow that schedule at all costs. No excuses.

Tell them not to disturb you

When you’re a home-based trader, you can’t be uninterrupted all the time. Sometimes, one of your housemates will ask you a question, tell you a story, sing you a song, or borrow money from you—while you’re in your trading zone.

The fix to these scenario is very simple. You just have to inform these people that when you’re trading, you’re trading, and they can’t disturb you except for some specific reason, which you yourself will set.

When they know that you’re in the zone, chances are they will try not to disturb you in any way. Also, if they’re cooperative, you’ll feel that they will support you, which will make you more confident of your trades and make you become a keener trader.

Do not visit distractive websites

Since you’re doing all your trades online and you’re also enjoying fast internet connection, you are more likely to be tempted to visit websites other than those related and relevant to your trading.

Facebook is just one click away. It may even be in your bookmarks. Sometimes, you get bored of monitoring price movements when there’s really no action in the market. So you resort to browsing photos of cute cats on Instagram, or maybe you just watch Buzzfeed videos on Youtube.

What you can do to minimize this distraction is to write down websites which are important and relevant to Finance Magnates HQBroker Review. If it’s not trading-related, ditch the website while you’re still trading. You can even block these distractive websites for the time of your trading, and then just unblock them when you’re done.

This way, you can be more focused on your trades.

How to get easy credit in Singapore?

If you want to purchase something and you are unable to pay cash for it then borrowing money could be the best way to get you money quickly. It is possible to borrow money in Singapore from banks or from money lenders in the form of loans. Personal loans can be used for home repair, child’s education, unexpected expenses or anything you need funds so here are 2 ways for Easy Credit Singapore

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  • You can take loan from banks. Although the interest rate of all the banks may vary from each other. Some banks may charge huge penalty fee. So you must be aware of all the terms and conditions before taking a loan from bank. There are certain criteria and requirements that are important to be filled while taking a loan from bank. It requires more paper work.

 2) If you are in need of instant cash, than there could be no better option than borrowing from money lenders. Be assured you take loan licensed money lender Singapore Singapore (IPTO). These licensed money lenders provides you money in easier and quicker way. Unlike banks, it does not require much paper work. Although the interest rate may vary from one another

The licensed money lenders in Singapore also have some general criterias.

Few of the licensed money lenders in Singapore are:-

  • CREDIT HUB CAPITAL PTE. LTD
  • CREDIT EXCEL CAPITAL PTE. LTD
  • 101 CREDIT PTE. LTD

And there are many such licensed money lenders from whom you can borrow money. When you select a money lender you need to go to the office with few documents such as contact details, employment status, salary slip and other necessary documents. In Singapore there is a range of loan options which include personal loans, payday’s loans, foreigner loans etc. Borrowing money from a money lender in an urgent situation could be a smarter move. According to rules and regulations the lenders are not allowed to disclose any information about their borrower, so you need to get worry while borrowing money from a money lender. Before getting up a loan, one must be clear of the reason of taking loan and able to fill in given period.

A quick guide to day trading forex and scalping

Day traders are traders that use a set of strategies requiring them to open and close a trade or even multiple trades within the same day. This is HARD WORK, it often requires you to sit in front of your screen for extended periods of time through the session.

Is it for you?

In day trading, given that the time frame is so short, there is little room for error. This means it is more essential than ever that you stick to your trading plan and your trading rules. Mistakes on these shorter time frames can be costlier, especially because these errors could also happen very frequently, given the frequency of trading. This in itself can have a very damaging impact on your profits. So, it is worth thinking hard whether this is the route you want to go down. Do you have the time? Are your personality traits akin with this type of trading?

A day traders best friend – Volatility & Liquidity

Volatility refers to the size of market movements. It is impossible to make any gains from a sideways moving market. And less so when you are trying to make multiple gains in a day.

The need for high volatility suddenly means that the number of markets available for you to trade has decreased significantly. Also, be aware that each pair will also have varying volatility depending on the session. For example, GBP/USD will be quieter, with less liquidity during the Asian session, rather the London or New York Session.

Liquidity refers to the volume in the market. When there is good liquidity, the chances are you will get a precise fill. However, when liquidity is lower, fills aren’t always spot on the order price.

For day traders, a slip on a fill can make the difference between a successful trading day or not.

Therefore, when choosing forex pairs to trade, chose volatile pairs with good liquidity and know when in the session you can expect to have more or less liquidity.

Scalping

Let’s take a brief look at one of the most popular day trading strategy, scalping

Scalping– this strategy looks to book profits on the smallest of prices changes. There is no time to do a proper analysis on each trade. Traders often scalp on a gut feeling that the trade will go up or down. Scalpers often trade many times in one minute, the idea being to make lots of little profits. High frequency trading is needed to balance out the small reward from each trade. And most importantly you must have a tight risk management system otherwise one loss can wipe out all the smaller profits.

Execution speed is essential for this strategy so its important that you think carefully about which forex broker you will use. Slow execution and you’ve missed your opportunity. iReview Brokers is provide list of Australian  forex broker. It is a true ECN broker meaning that its pricing, spreads and execution are second to none and renowned in the industry. Whilst there are some brokers, which don’t like their clients scalping, iReview Brokers helps to encourages its clients to use the trading strategy which bests suits them, the client.

Thinking Of Trading Exotic Currencies?

The vast majority of traders will start of their forex trading journey trading major currency pairs. These are the most traded currency pairs in the world and include pairs such as the Euro versus the US dollar EUR/USD, Japanese Yen versus US dollar, JPY/USD and Australian dollar versus the US dollar AUD/USD among others. Major pairs include the US dollar against another major currency and are characterized by high liquidity and tight spreads.

After gaining some experience some trades will feel the need to experiment. This can sometimes mean a shift of focus towards exotic currencies.

Exotic currencies

As the name suggests, these are currency pairs which are not frequently traded. These are currency pairs which often involve the US dollar versus a currency from the developing world, often Asia, Africa or South America. For example, the US dollar versus the Mexican peso, the Russian Ruble or the Turkish Lira.

High volatility

These pairs in general are not closely followed by analysts and are not heavily traded making them notoriously illiquid. The developing world currency is often linked to a country which experiences economic or political uncertainty and instability this increases the instability and volatility of the currency.

However, this high volatility is what can attract the eye of some traders. Keeping in mind the adage “high risk, high reward”, some traders can erroneously believe that trading exotic currencies could be an easy way to make a quick buck. This couldn’t be further from the truth, there is a much higher chance of a quick dabble in exotic currencies wiping out a large percentage of your account than helping make a fortune. A move into these pairs must be for the right reasons and with a solid amount of information over what you are trading.

These are the key disadvantages to keep in mind if you are tempted to move into exotic currency pairs:

Expensive to trade

Given the low liquidity of exotic pairs, they often have a very wide bid / offer spread. Whilst major pairs often have a spread of just a few points at the very most, exotic pairs, on the other hand can commonly reach a spread of 50 points. Given that the spread is a principal cost involved in trading, the higher this cost is, the more it eats into any potential profits.

Secondly given the highly illiquid nature of exotic currency pairs getting in and out of trades can involve large amounts of slippage. This adds to the expensive nature of trading these pairs.

Lack of information

With so few trading and following these currency pairs, analysts and researchers don’t spend a great amount of time on them either. Research tends to be limited and the research that is available can often have a significant bias to it. This makes doing research for trades extremely challenging and then it’s difficult to know whether you can trust the information you do have. In such circumstances it is tempting just to drop the trade.

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