- What is the best eCommerce platform for your online store?
- What are temporary frames and what is the best temporality for trading?
- How to analyze the temporality and what time Frame choose?
- What is the meaning of merchant?
What advantages do electronic commerce platforms offer?
- Possibility of selling worldwide.
- It allows you to join a business that is increasingly generated.
- The necessary investment is much lower than that of a physical store.
What is the best eCommerce platform for your online store?
It cannot be said that there is a better platform than another but rather that there are more indicated options and others less recommended for your particular case. In other words: it is clear that platforms like Woocommerce are ideal because they allow you to design the web in your own way and in a WordPress environment; However, if you do not like this CMS and/or you do not have the computer science, however good this option is, Woocommerce is not ideal for you.
In this sense we can find two types of ecommerce platforms: those that offer you a custom web construction experience and those that already offer it to you. Within this last type we find cloud store options that, paying a subscription, you can have your website whenever you want and design it very easily. In this case Shopify is one of the most prominent. This platform also offers “customizable templates” so that you only have to drag your images and incorporate the texts that adapt to each category.
The price is something that must be taken into account: obviously the online subscription options have a cost, something that sometimes, especially if it is an online store that starts for the first time, you cannot allow one. Fortunately there are completely free options such as the aforementioned Woocommerce or Prestashop. In conclusion, take into account the needs of your company and your budget largely condition the platform that you have to choose.
While a Prestashop platform is free, it is not the most intuitive for the creation of the store. You need some knowledge and spend a lot of time to leave your store ready to sell.
Some users who are starting to launch their entrepreneurship and want to do something fast and easy, choose platforms like Wix that make you quite simple. This is a good way to test your product with little development time. Then if you see that the thing is going well, you can opt for a “more professional” platform.
Pros, cons and commissions of the best trading platforms 2022
There are so many online trading platforms in the market that it is difficult to choose the best: which one that has the most competitive commissions? The most reliable? Which will give me access to more assets and financial markets?, Etc.
In addition, choosing badly can give you many headaches, and even missing money by paying more commissions than you should for your operations.
To the point, what trading platform do I have to choose?
If you do not feel like reading the entire guide, I briefly tell you which are the best trading platforms for each investment strategy.
- If you want the best trading platform that allows you to operate with CFD and actions, take a look at ETORO, XTB or INTERACTIVE BROKERS.
- For cryptocurrencies, the only one that I have tried that allows you to buy crypts is Etoro.
- The most adjusted commissions to operate with CFD (contracts by difference), in my experience, have ETORO and XTB.
- If we look at registered users, Etoro is the investment platform with more registered users.
But let’s now see the best trading platforms *, and let it tell you some aspects that you will have to consider before choosing one.
What broker do you operate from Mexico?
Tell us in the comments and we leave you our opinion about it. Also if you have doubts about whether your broker is serious and reliable you can ask ourselves and we give you all the data.
What are temporary frames and what is the best temporality for trading?
Temporary frames gather information on market movements in real time, under different temporal spheres. That is, they graphically represent the evolution of the prices of the different commercial assets, in defined time margins.
For example, you can operate in the “EUR/USD” market, considering the price oscillation that occurred every minute, time, day and more. Each of these spheres of time is a temporal framework, which evolves in unison with the rest.
The list of temporary frames and their denomination on trading platforms are:
- M1 (temporality or sail of a 1 minute)
- M5 (temporality or 5 minute candle)
- M15 (Temporality or 15 minute candle)
- M30 (temporality or 30 minute candle)
- H1 (1 hour temporality or candle)
- H4 (temporality or 4 hour candle)
- D1 (temporality or daily candle)
- W1 (temporality or weekly candle)
- M1 (temporality or monthly candle)
Of course, some broker will give you the possibility of customizing the operating times. But, these are the most common and which one is the best?
The truth is that the temporalities division allows traders to operate under a comfortable rhythm; according to its objectives, experience and mental resistance. Short term positions allow small profits to be received, while long ones aspire to greater profitability.
How to analyze the temporality and what time Frame choose?
To make an analysis of multiple temporary frames in trading effectively, it is necessary to use what the platform itself can offer you. We talk about technical analysis tools, such as Fibonacci lines, Bollinger bands and/or mobile mean.
However, knowing how to take advantage of the possibilities that each temporality offers is a different matter. This falls to the profile of each trader and its investment objectives. For example:
- Traders who use scalping as a trading system, will find the ideal time frame in the temporalities of 1, 5 and 30 minutes.
- Those who use intradic trading as a source of capital generation, will be better allied with the temporalities of 15 and 30 minutes. Also with 1 and 4 hours.
- Those who prefer to use the swing trading will be better handled with time frames daily and weekly. The most extreme cases can use monthly temporality.
Merchant account vs payment catwalk
A gateway is an end to end encrypted solution that is designed to connect commercial accounts to all online payment networks. It is built with powerful APIs that are integrated with the merchant’s online store to help virtually handle credit card processing.
The payment catwalk captures payment details safely and transmits the data to the acquirer bank for security controls. A merchant needs a solid fraud protection solution to avoid return returns and penalty problems. And that is where the payment gateway enters.
The long line factor that online merchants need to protect in addition to product quality and fast shipping are safe transactions.
And for that reason, the retailer needs a competent commercial account service provider. With the payment catwalks, the main component to be taken into account is the processing rates. In general, there is a small surcharge for each credit or debit card transaction. The rates vary from one processor to another.
All processed payments go to the commercial account. And that is why any electronic commerce merchant needs one so that the funds can be transferred in real time. Therefore, it is worth noting that the funds may take between 2 and 4 business days to be reflected in the company’s bank account.
What is the meaning of merchant?
It is believed that the word “merchant” is derived from the Latin word “Mercari” which means traffic and the French word “Mercis” which means merchandise.
A merchant is a company or endive that sells a service or goods. An electronic commerce merchant is someone who sells exclusively through the Internet. A merchant will sell the goods to the customer to obtain a gain and, by law, will have the duty to take care of the customer due to the knowledge of the products he has for sale.
A merchant can be wholesale or retail, and the products can be sold from any source to any other source. A merchant is a non specific term for anyone who sells something, the only determining factor is that the product or service for sale is sold for profit.
Historically, a merchant is anyone involved in businesses or trade. During the 10th century, merchants included local merchants such as bakers, shopkeepers, shopkeepers and others that imported and exported products to large distances, and offered value added services such as credit and finance.
Over the years, the reputation of the merchants has varied. In ancient Rome and Greece, merchants may have been rich, but they were granted a high social status. And, in the Middle East, the merchants enjoyed high status. The current scenario has changed a lot. In modern times, a merchant is someone who performs activities only with the purpose of generating profits, cash flow and income.