You must have surely heard the term ‘credit score’ if you tried applying for a loan. So, what is it? Well, credit score is a three-digit number between 300 and 900 which describes the merit of your credit. It is a representation of your creditworthiness as a numeric figure. Credit scores are calculated by four credit bureaus in the country – TransUnion CIBIL, High Mark Credit Information, Equifax, and Experian Credit Information Company. Most of the lenders consider your CIBIL score in India … [Read more...]
Qualities of a Good Bookkeeper
A bookkeeper is a person who maintains your daily accounts, records financial transactions as and when they take place. But there is a variation between a bookkeeper and an accountant. There are some tasks for which a bookkeeper is not authorized to, here the need for an accountant rise. Bookkeepers record the daily transactions well and further, and the accountants use the information which is compiled by the bookkeeper. In simple form, a bookkeeper shows you the present financial position, … [Read more...]
A Comprehensive Guide to Mutual Funds Investment for Beginners
If you are an online trader in Singapore, investing in mutual funds can be one of the best business decisions you make today. While mutual funds may seem complicated for first-time investors, taking the time to understand how the trade works is a good start in your investment journey. Here is everything you need to know about investing in mutual funds as a newbie. How mutual funds work A mutual fund is created when an asset investment company like home.saxo pools together investments from … [Read more...]
Nifty50: What is it and how does it work
A stock market is a place where investors, both institutional and individual, come together to buy and sell shares or stocks. In today’s environment, these exchanges happen mostly in electronic marketplaces. The prices of shares and stocks are set by supply and demand value in the market, depending on the buyers and sellers placing orders. Difference between primary and secondary market The primary market is the place of creation of securities. Firms sell or float their fresh stocks and … [Read more...]
Questions You May Have about Perpetual Contracts
As the cryptocurrency market is getting diversified, trading on the centralized exchanges now includes several order types. Perpetual contract is one of them. In principle, these are a variation of futures contracts without an expiry date. When a trader opens a perpetual swap trade, they have to pay a funding fee. The exchange assures that the perpetual price meets the actual cost of the trade by exchanging users' currency swaps. If the perpetual price goes higher than the spot market price, … [Read more...]
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