Saturday, 15 April 2017

Trading emotion cheat sheet

Emotions are a big part of trading and being able to understand which emotion influence your trading decisions can help you deal with emotions better. With this cheat sheet, you can easily see how your trading behaviour is influenced and how to correct your decisions.


Top 10 Cashless Countries In the World

By Kar 
Cashless transactions have become very popular in recent time. Such transactions entail the use of an account that contains money you have added previously. It helps you to take care of payments immediately. Today there are many online wallets out there as well as an assortment of card-based payment options that can be used. 

In fact, cashless transactions have become especially desired in many countries. This is especially the case in India where some monetary notes were suddenly taken off the market due to laundering and corruption issues. 

Cashless transactions are great for many reasons: 

  • They make it easier for people to move money between countries. Cashless transactions can be transferred with automatic currency exchange functions if needed. 
  • This also helps to get money moved immediately. There’s no need to worry about funds being certified or confirmed, a process that often takes a while. 
  • It is also a secure option. There’s no need to send bank account information or credit card data to anyone. All that is required is a proper account with a cashless money service to get money sent out. 
  • The risk of fraud is also eliminated thanks to cashless transactions. This comes as such transactions are easy to prepare without the risk of fake money being transferred. 
Many countries have greatly adapted cashless transactions over the years. India is not on this list of the top 10 cashless countries in the world but considering how that country is making a massive push for it, don’t be surprised if it gets there soon. 

Top 10 Cashless Countries In the World 

1. Singapore – 61 percent 

The culture of Singapore has focused heavily on technology over the years. This is different from other countries where ATMs are prevalent. The government has especially helped to encourage cashless transactions around the city-state. National ID numbers are also being used to send money to bank accounts rather than traditional bank account numbers, thus improving upon how secure such payments are. 

2. Netherlands – 60 percent 

The Netherlands has long been known for being a country where people often act differently. The efforts by the government to promote cashless transactions have been strong. The Schiphol airport in Amsterdam is especially a popular place for cashless functions. Most high-value items like rent payments are also made with cashless systems. 

3. France – 59 percent 

Contact-less payments are becoming more popular in France. This allows people to use a card or phone to take care of small payments without having to enter a PIN. Digital wallets are also popular around the country. In fact, cash payments of €1,000 or higher are outlawed in France as the country is aiming to get high-value transactions handled in a cashless manner. 

4. Sweden – 59 percent 

Many of the largest banks in Sweden no longer deal with physical cash. Many street stalls take online wallet or credit card transactions only. It is big part of why 59 percent of transactions are online or cashless. Mobile transactions are especially easy to work with in many parts of Sweden. 

5. Canada – 57 percent 

The Canadian government does not take cash payments for many charges anymore. Nearly three-quarters of transactions are handled by credit card with a vast number handled through online wallets. The Interac system has also become popular around the country. It allows people to make payments through debit cards throughout the entire country. 

6. Belgium – 56 percent 

The Belgian government has established limits on how big cash-based payments can be around the country. This is to establish a cashless and online payment society. Cash payments of €3,000 are prohibited and all cash payments are not allowed when taking care of real estate investments.  

7. United Kingdom – 52 percent 

It is estimated that a typical person in the UK has less than twenty pounds in physical money on hand. In fact, buses in London no longer take physical cash. Whether the UK will eliminate money altogether in the future is uncertain. The Paym mobile payment system is the most popular solution available in the country. 

8. United States – 45 percent 

In addition to online wallets, NFC payments are becoming commonplace in the United States. This is where people can use their phones linked to proper accounts to pay off different transactions at many points of sale all around the country. The development of chip-based debit cards has especially helped to bring about a cashless society. 

9. Australia – 35 percent 

Credit card companies have been testing many quick-pay services around Australia over the years. These include contact-free payment systems that improve upon how well transactions may be used. In fact, contact-free payments have become popular in the debit card world around Australia, thus keeping personal data from having to be shared. 

10. Germany – 33 percent 

Online wallets are a key part of what is causing Germany to go cashless. PayPal has especially become an essential system in Germany. The online wallet allows for fast transactions and has spawned various competitors all around Germany. 

Quote for the day

"Let us not look back in anger, nor forward in fear, but around in awareness." - James Thurber