The process of buying, selling and trading securities varies wildly across individual markets and asset classes, from derivative instruments such as currency to more secure stores of wealth like stocks.

However, financial trading across all of these asset classes should be considered as technical processes, and one that can be simplified considerably by having access to the best and most relevant technologies.

But what exactly are the innovations that will help you to become a trader? Here are some of the best examples:

• Your Trading Device – Smartphone or Desktop?

Let’s start with the basics, as you’ll have to access modern markets and trading platforms though a handheld or desktop device.

Smartphones have arguably become the most popular trading tools in the modern age, especially as mobile penetration rates have increased incrementally across the globe. Mobile phones also allow for more convenient and accessible trading, without compromising on the various trading platforms on offer (we’ll touch on this further below).

However, those of you who operate at a more advanced level may want to leverage a desktop trading platform, which offers far greater processing power and makes it possible for you to run detailed technical analysis platforms on a daily basis. Certainly, if you target numerous markets and process considerable amounts of data before executing orders, a desktop trading platform will be best suited to your trading.

Of course, many investors adopt a hybrid approach as they continue to scale their efforts organically over time, as both devices can be used to achieve different objectives and optimise market accessibility in real-time.

• Technical Analysis Platforms

We’ve already spoken about technical analysis, which is essentially a technical discipline utilised to evaluate specific financial instruments and identify viable opportunities in relevant price trends and patterns.

This is based on the fundamental premise that historic trading activity and price movements can offer an insight into future fluctuations, and it can prove incredibly valuable depending on your precise trading strategy.

Fortunately, you can access a wide range of technical analysis platforms, which offer access to a diverse selection of indicators that can be used across several markets.

One of the best entities within this space is eSignal, which is incredibly popular and boasts one of the most advanced charting platforms in the marketplace. This is widely used by advanced and professional traders too, so it’s highly recommended.

• Automated Trading Platforms

As you do evolve your efforts and become a more experienced trader, you’ll most likely begin to diversify your interests and invest in a broader range of assets and markets.

However, as your trading activity levels rise and your positions become increasingly leveraged (particularly when trading derivative assets such as currency), you should consider using automated trading platforms that rely on advanced algorithms.

Such platforms automate the process of buying, selling and speculating on assets in real-time, allowing for more efficient trades and potentially optimising your profits over time.

At the same time, automated platforms utilise tools such as stop losses, which automatically close positions once they’ve incurred a predetermined level of loss.

 

The online medium has been nothing less than bliss for all of us. While we are better connected now with one another – thanks to the online medium – we can indulge in online shopping, thereby saving time & money, and choose from an extensive range of products available online. The pros of this medium are not limited to just these two aspects. Today using the online platform, we can virtually do any task, and that too in a matter of a few seconds and minutes.

The digital world helps us make payments of our mobile and utility bills, carry out prepaid mobile and DTH recharge, pay for our insurance premiums and pre-book movie tickets, pay for our food orders, booking train and air tickets, paying hotel room reservations, make payments for for e-challans, recharge our metro smart cards and even book bus tickets. The list certainly does not end here – with more and more services being brought under the paradigm of the digital virtual world. As the online world evolves and develops further, so are the services getting digitized.

How to make DTH recharge online?

If you are using the online medium, you can carry out the DTH recharge process in two ways:-

1. Use the official portal of the service provider– There are many Direct-to-Home operators in the country today. All of them have their website online that facilitate online transactions. Some of them have already launched their apps so that consumers can make faster and easier payments right from their handheld smartphones.
2. Use the site of online facilitators – These are platforms that work with multiple DTH operators all across the country and are authorized by the operators to collect payments on their behalf. Some of the most reputed and trusted online payment aggregators today are Google Pay, MobiKwik and PhonePe.

There are obvious advantages of both platforms. While if you use the former, you know for sure that your money is debited going towards the right operator’s account and used for the recharge of the DTH connection; using the facilitator’s site or app helps you conduct multiple operations from one single entity with other enticing benefits like cashback and discounts. So you can make your Airtel DTH Recharge, Videocon d2h Recharge, Sun Direct Recharge & Tata Sky Recharge online and then move on to pay your premiums or your utility bills or book a train ticket; so on and so forth. The other clear advantage of using the facilitators is that you can use the electronic wallet of the said platform and use it for making safer payments online. The virtual wallets from some of the popular service providers can be used in offline mode too. With such a multi-faceted mechanism, it all works in your favour.

Recharging DTH using apps also helps users with interesting and exciting cashback offers and many other benefits. These benefits are given to the users as a token of appreciation for their loyalty when using their app for recharges and other services.

Using the online medium for DTH recharge is no rocket science. It is simple and easy, instant and fast – something that can be easily done with little knowledge of smartphones and the internet. For sure, the online medium has freed up lots of our time that would otherwise have been wasted in queuing up or waiting or travelling from one place to the other.

Now, there will be no feeling of loss when paying bills or recharging your TV, as you can look forward to enjoying cashback and discounts when making payments using a reputed app or service provider. Unlimited advantages and hassle-free availability of services have made recharging using these platforms an interesting and beneficial option.

Today, the methods of data collection and gathering have been made easier. Many businesses take advantage of this to the extent that there is a danger of obtaining too much data that they cannot deal with. Moreover, proficient companies are aiming at becoming more data-centered using numerous technologies.

One might wonder what makes data so crucial to a business. Whether natural or synthetic data, data is an essential part of a business process. More than ever, data is integral such that it allows companies to harness the most helpful information that can be used to make informed. Still not convinced? Below are some of the importance of data in a business.

Improves the decision-making process

Every business generates data, whether small or large. This data can be acquired from social media platforms, websites, and trackable electronic payment methods. You can use such to collect data about the customers’ habits, website traffic, etc.

These data can be crucial, especially when you want to plan further and improve n different departments such as marketing. For example, you can use your social media data and analytics to establish the platforms where you have the largest reach. This way, you will structure your marketing framework accordingly, basing your effort distribution on the analytics. You can even pinpoint the specific platforms that need improving.

It helps you understand your performance.

You cannot manage what you can’t measure. Data is an effective tool to gauge your performance. Take, for example, a sports team. Every time the team is out there playing, data is continually be collected and stored to be used later. This way, the analysis from the data can be used to check whether the performance is improving or taking a nosedive.

With collected data, a business can see how well they have been doing for a specific period.

It helps you to understand your customer better.

In a world that brims with products and services, customers are posed with the challenge of choosing from various choices. This means that the competition is stiff; the better a business works towards standing out among the competition, the higher the chance of being successful.

Data is deemed the voice of the customer. Therefore, you can use it to analyze your customers and understand what they want. Whether the demographics, geographical data, or behavioral data, collected data can be used to create a clear picture of the customers’ traits and behaviors, such interests as a willingness to buy.

Information about your customers can help your business to improve the customers’ experience, luring more of them to you. For example, you can use the data to:

• Devise new ways of finding new customers
• Track the audience interaction with your brand
• Put more efforts towards improving the customer retention rates
• Predict your business’ sales trend
• Make better and quicker marketing decisions

Take away

Every aspect of your business generates data. You can use this to your advantage and come up with better strategies that contribute to the overall success of your business.

 

Currency trading is a challenging task as the majority quit within a few months. There is a saying in the industry that almost 90% of investors exit Forex before 90 days have elapsed. They also lose more than 90% of their capital. This is known as the “90-90-90-“ratio. It has happened to many people. If you are new to trading and want to build a successful career, the first stage is to build up your confidence. Strategy is not the prime tool that can help an individual but without having faith, no person can ever succeed. In this article, we are going to elaborate on some techniques used by experts to become self-dependent while trading.

But the most emphasis is given on strategy formulation

The method is not the ultimate tool to make money. A plan is an equipment that forecasts what might happen but without believing in the outcome, people will not take preparations. This is a surprising matter because only a few resources are geared towards improving the self-esteem of the customers. All the websites focus on is selling products to clients to get money. If an individual does not believe in themselves, no formula in the world can make that investor trust the result. Confusion will remain and over time this will distract them from their goals. By reading this post, we expect that participants will learn tricks by which you can regain lost confidence and faith in themselves.

The strategic steps should be easy

To take quality trades in the CFD trading industry, you need to take strategic steps. These steps should be easy or else you won’t feel comfortable in the trading profession. Though it takes a bit of time to deal with the critical market dynamics, once you learn about the support and resistance level, the strategy development process will be extremely easy. So, be careful while creating a dynamic trading strategy and use your basic knowledge of the market.

Believe you can master the concepts

The first stage of becoming an affluent trader is to master basic concepts. In currency trading, numerous ways exist to educate an individual about the market. From professional blogs to premium courses, it depends on the money and desire to excel in Forex. Initially, people are overwhelmed. The vastness of this financial sector hits instantly and baffles them for the time being. As they try to go through all the options in a day, their mind cannot deal with the pressure. Suddenly, the tasks become overwhelming and the belief is set in the mind that only an expert can make a profit.

Traders need to get out of this mindset to develop their confidence. Professionals were once beginners and have made mistakes. Through perseverance and practice, they had achieved their profit goals. Even without a degree in finance, everyone has an equal chance. That is why this sector has been revered by the worldwide community. Be smart and use the oscillators in a logical way to filter the bad trades. Soon you will be taking trades with great confidence.

Set tiny goals to raise the confidence

Investors occasionally set unfeasible targets in their commencement of career. This takes years to understand and even more time to comprehend the volatility. At first, set a small goal that is achievable. Never intend to make a $10 dollar profit monthly when you have only $10 dollars in your bank account. Even a $1 profit is substantial given the uncertain condition of the market. Try to maintain a positive balance consistently. For those who are skeptical, practice in demo account and set your goals accordingly. Remember to keep the bar low so you can reach your goals. Gradually set larger targets once the previous targets have been attained.

Learn to trade autonomously

External factors can affect the performance of even the best investor. In this competition, everyone wants to make money at the expense of another trader. Never trust the community and make a decision independently. At first, you will feel uncomfortable but believe in your analysis. An important note is to never listen to your heart. Intuition may persuade you to undertake a task that is not in the schedule. When a person trades solo, they become confident and self-reliant.

 

During your foreign currency trading career, the broker will be one of the most critical success factors, besides, of course, your trading skills. The question of the reliability of the broker is at the same time delicate and fundamental. As a trader, you place our capital with a broker to be able to place orders.

The first questions you can ask yourself should be: is my money safe? In other words, can I trust the broker? But the question of funds is not the only one. There is also the quality of service and execution. All of these points are essential for a good trading experience. How then to make sure that the chosen broker is serious, professional, and reliable?

Reliability rimes with the regulation compliance

It’s an essential point in verifying the reliability of a broker. The first instinct to have is to check the broker’s authorizations in your country of operation. The competent regulatory body will be able to provide you with information.

However, a more complex question arises for brokers who operate from one country but have clients worldwide. Indeed, a regulatory body cannot act on brokers outside its territory. It is not uncommon that some brokers may be approved in more than one country by the corresponding national bodies. Making sure that your broker is regulated protects your investment and helps you avoid scam broker traps.

The history of the broker

Beyond the simple stamp of the administrative authorities, it is important to look at the broker’s reputation. Let’s say it right away, reputation is not everything, far from it, but it can enlighten the customer on the company’s practices.

To verify the customers’ satisfaction, here is the checklist of the questions: does the broker have good recommendations in online reviews? Are these reviews authentic or certified? Do you as a trader know people around you who have already been clients of the broker? All of this gives a useful first impression.

Then you have to dig a little deeper: search for press articles about the broker and see what it is. Are scandals appearing? Have regulatory authorities imposed fines? At the slightest warning, be careful!

Besides, seniority in business is an equally important criterion. How long has the broker been in business? Who are their clients? The longevity of a business is often synonymous with long-term trust.

Advertising and Marketing

The way a broker advertises itself is often overlooked, but what really matters concerns the communication of the financial intermediary with its audience. Through the broker’s advertising campaigns and marketing, one can perceive the broker’s intention and test the company’s honesty.

You need to know a minimum to detect right from wrong and exaggerations or false incitement. For example, avoid those who promise big gains with very little money in a very short time. Everyone knows that it is much more complicated than that.

But sometimes, the messages are more subtle. It’s not to say that everything is wrong or untrue in a broker’s communication. You just have to be careful of the promises.

A reliable broker respects his clients, warns them of risks, and does not lead them to a sure disaster.

In Conclusion

No matter how much effort it takes to find a reliable, professional, and honest broker, there is always room for doubt. Indeed, even after all the checks mentioned above, it is not uncommon to have problems with your broker. No risk does not exist. One way to avoid or reduce the risks, is to diversify, at least initially: having two or three brokers allows you to compare them, especially not putting all your eggs in one basket. The downside is that you have to divide your capital and, for example, only have a third of your funds with three brokers. It’s the price to pay for not depending on the actions of one broker alone.

It’s been long enough for all of you to know that Cryptocurrencies have become widely used and are now viewed as a financial stronghold. Through the last year, even JPMORGAN, an ardent skeptic has created and put in using their version of cryptocurrency. Let’s get some bases in and understand what makes invest now a good option.

A little reminder of what this is really

Cryptocurrency is digital money. That means there is no physical coin or bill, it’s all online. You can transfer cryptocurrency to someone online without a go-between, like a bank. Bitcoin and Ether are well-known cryptocurrencies, but new cryptocurrencies continue to be created.

People might use cryptocurrencies for quick payments and to avoid transaction fees. Some might get cryptocurrencies as an investment, hoping the value goes up. You can buy cryptocurrency with a credit card or, in some cases, get it through a process called “mining.” Cryptocurrency is stored in a digital wallet, either online, on your computer, or other hardware.

Investing is a move for the future

As with any investment, do your due diligence and don’t pin all your hopes on one company or one cryptocurrency: spread your money around so you spread the risk and only invest what you can afford to lose. Coinbase and Binance are two of the world’s largest bitcoin trading platforms. They are presented as an easy and fast way for new users to purchase various cryptocurrencies such as bitcoin. Other ways to buy include the digital currency app Ziglu and on the investment platform eToro. Gemini, founded by the Winklevoss brothers (of Facebook fame), is a digital exchange that allows customers to buy, sell and store cryptocurrencies.

All this has made access to the market very easy for you and me. Simplicity in trading was the first step, but this was just the beginning.

Paying your daily coffee, but with crypto

That being said the next step was obviously the common access to using your investments. Mark Hipperson, chief executive of the Crypto platform Ziglu, argues the case for digital coins going mainstream. “With more and more big brands such as Tesla and Starbucks accepting crypto, Starbucks is testing a way to let users of its mobile app pay for coffee and food with the cryptocurrency Bakkt Cash. there now seems to be little doubt that one day soon crypto will be accepted at as many places as traditional currencies.”

And the list is long, Microsoft has been accepting Bitcoin for use in its online Xbox Store since 2014. The majority of the Online casino market accepts e-wallets. The online platform Twitch accepts cryptocurrencies for multiple situations. Overstock is currently leading the way in the shopping field with cryptocurrency…

The biggest fears that were put forward a few years back are now completely obsolete. More and more former skeptics are now converting to being pro-crypto. And they are backed with more and more brands accepting these currencies as valid as wanted payment methods.

How many signs do you need to take the leap?

 

If you’re a sports fan, then there’s a pretty high chance that you’re into sports betting as well. Watching the games is fun and all, but let’s be honest- who doesn’t like to beat the odds and win some money?

Most people have traditionally gone to their local bookmaker (or “bookie”) to place bets on the latest sports games. However, most of these bookies are involved in illegal gambling rings and aren’t always the best company to keep around, especially if you have a reputable job or place in the community. It just doesn’t look good.

If you’re lucky enough to live in a state where sports betting is legal (or near an Indian reservation), then you can place your bets at the casino or use a mobile platform like Draft Kings. However, nine times out of ten, the best place to do your online sports betting is through offshore casino sites.

These offshore sites operate as legal, registered businesses in countries that don’t have the same dark-age rules regarding gambling and sportsbook betting. Most of these laws come from a time in the past when religious authorities viewed gambling as a supreme vice and did their best to limit citizen’s betting options.

Today, we’re about to pull the hood back and reveal the marvelous world of online sports betting and explain why it’s a lot better than continuing to deal with that shady bookie your friend introduced you to.

Top Reasons To Bet On Sports Online

So, why should you start betting online more often?

Well, to name a few reasons off of the top of the head, you can bet on almost any sports including college football and basketball, foreign matches, professional leagues (NFL, NBA, NHL, MLB, etc.). Sportsbook betting on the internet is also a bit cheaper since you don’t have the pay the middleman his cut. Oh, and the best part- you can even bet with Bitcoin to ensure secure, seamless deposits.

Here’s a more in-depth look.

Live Betting Opportunities

If you’ve never heard of live betting before, it’s because neither your neighborhood bookie nor the Vegas casino simply doesn’t offer it. With them, you’ll only be able to place traditional sportsbook-style bets and bet on games before they happen.

With internet gambling sites like BetUS.com.pa, you’ll be able to bet on live matches as their happening in real-time. This gives you the opportunity to make short-term bets quarter by quarter or continuously update your wagers as the odds increase in your favor.

Live betting is more involved, fun, and may also provide you with better odds. It’s a relatively new concept, but thanks to the lightning-fast speed of the internet, it’s now possible. Players from all over the world can wager on real-time NBA games, cricket matches, soccer tournaments, and more!

Fair Betting Odds

The nice thing about a state-regulated casino is that they’re constantly being examined by commissioners to ensure that all betting options are fair and that every player has a chance to win. Of course, the odds will always be in favor of the house, but the regulations give players the confidence that they’re not being overtly ripped-off or scammed by the casino.

However, this is not always the case when it comes to illegal bookies…

There have been numerous reports of bookmakers running off with the money, manipulating the numbers, and not following a fair practice. This is why many bettors have grown increasingly wary of underground betting operations.

With online gambling and sportsbook sites, you’ll be able to wager your money with complete confidence that the odds are fair, measured, and that all users have a fair chance of winning.

Opportunity To Win Free Bets

Another great reason to use internet sports betting sites is that some platforms offer free bets, promotions, and bonuses to their valued customers. If you’re a regular who is constantly investing, making new deposits, etc., then administrators will often reach out to you directly with the latest offers!

Bet On Any Sports (Even Horse Racing)

If you’re tired of betting on the same old NBA and NFL games, then you’re not alone. Sites like DraftKings, for instance, only allow users to bet on popular North American sports. There are just not as many options. Online casino sites, on the other hand, allow you to bet on just about any sporting match in the world (including political debates).

Mobile Betting Platforms

One of the worst things about dealing with the bookmaker is that they can be a bit hard to reach and get in contact with. This can make it hard to collect your winnings or place bets on future sports events. Most online sports betting platforms allow users to access their accounts from an easy-to-use mobile betting platform so that you can keep on betting all day long!

Bitcoin (BTC) has become very popular because of its stability and ever-growing value. Most, if not all, crypto investors have already bought BTC. Hence, it would be best to know how to sell Bitcoin. The aim is to make a profit buying and selling unless you want to accumulate as many coins as possible while waiting for cryptocurrency to take over fiat currency.

If you want to understand the fundamentals of how to sell Bitcoin, then you are in the right place. The point is to guide both newbies and even experienced crypto enthusiasts on this matter. So, read on.

How to Sell Bitcoin on an Exchange Platform

When you are new to something, it might look like a challenge. But as you get used to it, things become a lot easier. However, the right information makes everything possible all from the word go. So, here is what you need to know about how to sell Bitcoin.

· Creating an exchange account – With Bitcoins already in your wallet, it would be best to have an exchange account to sell the coins efficiently. The sector has really grown, so finding an appropriate exchange platform is pretty easy. For instance, you could try the NakitCoins website since it is a reliable exchange platform with all the information on how to sell Bitcoin.

· Selling on the exchange platform – Now that you have an account with the exchange platform, they will require you to transfer the Bitcoins into your exchange platform Bitcoin wallet for ease of sale. After this step, sales are usually very quick on exchanges. Also, a reputable exchange platform has a record of safety and security in conducting transactions.

How to Sell Bitcoin on a BTC ATM

Bitcoin ATMs can now be found in many places, and they are easy to use. If you have already used regular money ATMs, then this environment will be familiar to you. The good thing is that you do not have to wait to be matched with a buyer by a BTC ATM. Rather, they buy your digital coins instantly.

For this option of how to sell Bitcoin through an ATM, a seller should have their wallet ready and have a bank account or any other account in which to deposit the money. Some ATMs can also dispense cash to Bitcoin sellers.

How to Sell Bitcoin to an Individual

When you have a friend, workmate, or a person you have been connected to by a P2P platform, you can easily sell your Bitcoins. Selling to an individual is fast and safe. Once you agree on the price, you will just send the coins directly into their wallet, and in return, you get fiat money from the buyer. So, if you are still wondering how to sell Bitcoin to an individual, this makes it easy for you.

Final Words

Now you know how to sell Bitcoin through different reliable ways. Additionally, the information is useful to both newbies and those who have many years of experience in cryptocurrency. If it is not enough, more research or consultation with a crypto expert will help.

 

 

 

The GameStop hearing that was held in February (the next one is slated for March 17) brought to painful relief many of the market inefficiencies and inequalities that private investors, institutions, and think-tanks have long contented limit the upward mobility of private investors and unfairly stack the odds against non-institutional buyers and sellers. The explosive collision between professional Wall Street traders and individual investors – facilitated by mass-market apps and platforms such as Reddit and Robinhood – made it clear that much needs to be done to reform the financial services sector, improve oversight, and make public markets fairer and more equitable to all.

To fully understand the importance of the events in play, here is a quick primer on what has happened so far.

On February 18, 2021, the House Committee on Financial Services held a hearing to investigate the meteoric stock price rise of GameStop, a videogame retailer that operates about 5,000 brick-and-mortar stores countrywide. The mass transition from in-store to online shopping (which further accelerated because of the coronavirus pandemic) had GameStop in troubled waters for some time, and its stock had been shorted by many institutional investors on Wall Street that expected the company to go under.

“Shorting” is a type of investment in which you bet that a stock’s price will fall. To short a stock, an investor will borrow and then sell the stock at its current price with a promise of returning the stock to its original owner before a certain date. By the time that date rolls around, as long as the stock’s price has fallen, the investor can purchase it at a price lower than what he or she sold it for, return it to the original owner, and pocket the difference.

What happened, however, was that a band of investors (often referred to as retail investors or day-traders) started buying as much GameStop stock as they could. Some contend that these investors illegally coordinated activities on Reddit, a social platform, even though some of them had purchased the stock more than a year ago believing that GameStop had the potential to turn itself around and reinvent itself for the digital and online trading worlds. Over time, however, thanks to easy access to company financials and the closing of information asymmetry gaps between professional and retail investors, more and more private individuals got on board when it became clear that the number of shorted GameStop stocks exceeded the total supply of stocks. In other words, there was no way all of the shorted stocks could be returned, and private individuals continued to buy GameStop, driving its price higher and higher.

As a result, many of the Wall Street investors who were betting that GameStop stock would fall and wanted to purchase it at lower prices to return the shares they had borrowed lost billions.

Throughout the entire saga, much can be said about how Robinhood restricted the trading of GameStop shares when it seemed prices were spiraling out of control, especially in light of how the company makes money. Robinhood’s revenues come from three primary sources: margin lending, interest earned on customers’ cash balances, and selling order information to high-frequency traders. The sale of order information is of particular interest because it creates an agency problem for Robinhood: should Robinhood help small-time traders execute profitable trades, or should it continue to sell information to large institutional investors that pay the bills? The practice is what compelled the SEC to open an investigation into the company in September 2020.

Armed with order information from trading platforms such as Robinhood, institutional investors such as hedge funds can jump the queue on profitable trade orders placed by the general public, and the SEC has even fined exchanges and brokerages in the past for these kinds of “hide not slide” orders that allow high-frequency customers to avoid slippage (price changes caused by changes in liquidity) – all at the expense of private individuals and/or non-institutional traders.

These practices are precisely what many in the financial oversight and ethics spaces feel warrant industry-wide changes to current rules and processes. For example, Dr. Chris Brummer, a Georgetown law professor and author who lectures widely on fintech, financial regulation, and global governance, has long spoken about the inequalities that many – whether minorities, retail investors, or small businesses – face when it comes to trading and financial freedom and independence. Some of Dr. Brummer’s work includes lending his expertise to nonprofits and policymakers and guiding firms and governments on how they can better understand and respond to new developments and challenges in the financial system – such as the uncoordinated yet impactful actions of private individuals on public forums or questionable practices by platforms such as Robinhood that take restrictive actions or bend the rules when things are not going their way. And in a recent podcast, he discussed the role of social media and technology in markets with a range of experts including former CFTC general counsel Patrick McCarty and Emory’s Kristin Johnson.

There is much that needs to be done, but what recent events have taught us is that new apps and platforms have somewhat leveled the playing field, and maybe it’s time for the law to adapt to the new normal we find ourselves in. Events of the past are only as useful as the lessons they teach us, and we need to move forward with a renewed conviction that changes need to be made to make our markets and policies fairer for all and that we need a system that can understand, process, and respond to the unexpected or the unforeseen methodically and equitably. Dr. Brummer and other thought leaders can help chart the path we need to take, and the progress our markets make can benefit us all.

 

An economic expert can turn any court case around and help a company in need. Although not every expert needs to be an expert witness, their abilities are endless in court and can help turn around a case in your favor. Here are some of the best things to look for in an economic expert when hiring one, and why it’s essential to consider each factor.

Case Matter History

Unless you’re getting an economic expert fresh out of college, the potentials you speak to will have a work history. Ask if you can look at the previous cases that they’ve helped with. When you receive this information, there are a couple of things to consider.

First- how did the cases turn out? Is there a win or loss percentage in their favor? Do you think they had much of a hand in those wins or losses, or did other evidence come up to sway the case?

Secondly- what was the case over? Think about the case’s content matter, what caused it, and whether that ties into what your business needs. Even if someone has worked dozens of cases, if none of those cases align with what your company needs, you might as well be working with a brand new witness.

Cost of their Services

How much can your company afford? An expert witness can charge anywhere from a hundred to six hundred dollars per hour in court, which can add up quickly. Consider what your budget is for your court date and whether there’s room in it for them. Don’t be shy to ask for their rates, and consider shopping around if you can’t find what you need.

Style in Court

Their facts and numbers are useless if they don’t have a right presence in court. Look at how they’ve done in previous cases, and if that matches how you’d like your chance to be presented. Although you should still care about their numbers and their wealth of knowledge, court cases- especially those with a full jury- can often turn into a personality contest.

It would help if you tried to find a professional who can be severe with the information and is extremely capable of dumbing it down for everyone in the courtroom. An excellent reason for this is that someone who can simplify complex information has a deep understanding of it. Not only will it help you find someone personable, but they’ll also be incredibly skilled in their field.

Availability

If your company has a lot of use for an economic expert, and you know you’ll have to hire them on again soon: look for one that doesn’t currently have a huge caseload. You want to find someone who can devote their time to your company. Consider, if it’s needed, hiring an economic consultant to work exclusively with your company. It may be a good idea to work with them on a case or two first to see if they mesh with your company, and then go for it! They’re fantastic professionals.