Paper Trading Platform is a software that offers life-like execution for equities, ETF, and options without any risks. Through this platform, you can start training the next generation of investors with the newest technologies in attracting new clients. Educators can also use this platform to set up an online trading simulator in just a matter of days to provide followers with the newest online trading tools. But how does this work?

Paper trading is a simulated market environment that allows participants to write down the buying and selling decisions. The process is simple because there is no need to place orders at a brokerage. New investors need to paper trade first until they learn the basic strategies. Experienced traders use a platform occasionally, especially as they work on new approaches and ideas.

What are The Key Limitations of a Paper Trading Platform?

Paper trading can affect the performance of an investor, especially if one hasn’t learned the key lessons. Below are the limitations of a paper trading platform.
• Market Correlation. Paper trading is unable to address the impact of broad markets on individual securities. A large chunk of equities moves at the same rate with major indices in periods of high correlation. This is common during the rise of the Market Volatility Index (VIX). Results may be good or bad on paper, but the broader conditions have made them, instead of the pitfalls or virtues of each position.
• Emotional Reality. Real-world emotions that are produced by profits or losses aren’t addressed by paper trading. That’s because, in the real world, a lot of traders cut profits short and then let losses run because they don’t have the market discipline. Self-destructive calculations aren’t present when working with hypothetical numbers.
• Formfitting. Traders choose their ideal entries and exits. This means they can miss the obstacles that the modern computer-driven environment generates. These levels of shakeout have become very apparent to participants in the real world who have watched technically-sound positions as algorithms shift to the predatory mode and look for their stops.
• Commissions and Slippage. There different types of hidden fees that real money traders pay from commissions and slippage. This is because of poorly capturing wide spreads in using a paper trading platform. For example, you may think you’re only paying $50 for a momentum stock, but in the real world, it’s $50.50 or more.

These are just the most common limitations when it comes to using a paper trading platform. Before you start paper trading, make sure you understand all these.

How Do You Benefit from Using a Paper Trading Platform?

Using a paper trading platform can help you reach new audiences to convert them into new clients.

With it, you get access to paper trading capabilities to teach investors how to arrange transactions between buyers and sellers. You also get to teach investors how to trade online and via mobile devices.

These aren’t the only benefits when you can get when using a paper trading platform. Through this platform, you can add more value to your current clients by teaching them new techniques and introducing new asset classes to them. You can also increase trading volumes, engagement, and client’s satisfaction when you introduce them to modern trading platforms.

Below are the key benefits of using a paper trading platform:
• No risks. Using a paper trading platform doesn’t cost anything. That means you’re not losing anything, whether you make vigorous decisions or not. This also allows you to observe the flaws in your analytical processes. From here, you can start to think of a strategy to avoid making those mistakes in real life.
• Using a paper trading platform allows you to practice. You, as a participant, can gain experience in all the elements of the trading process. From the pre-market preparation to the loss taking or final profit, you name it. When you access the platform, you’ll know how to use real-money software in a more relaxed environment. You wouldn’t have to worry about the keystrokes, as they won’t affect you.
• There’s no stress. Whenever you trade, you unconsciously conjure the twin emotions: fear and greed. These emotions can blind you and can cause you to make wrong decisions. Using a trading platform will bypass this. Thus, you can focus more on the mathematical process and not on the pitfalls.
• Paper trading can help you build statistics for a new approach. If you paper trade for a couple of weeks, or perhaps a month, then you can build statistics that are useful and create new strategies and market approach. You may be disappointed with the results at first. But in the end, you will benefit from it because it will require more data sets and paper trading.
• Paper trading can help you gain confidence. Once you know that you’re getting rewards from making complex decisions through paper trading, you’ll be more confident the more you keep doing it. That way, you can do the same thing when we’re already talking about real money.

How do You Choose a Paper Trading Platform?

Paper trading helps new investors by teaching them to be responsible for decision making, which involves taking risks. However, it doesn’t address the effects of the algorithmic strategies which targets the core of trading. Most new investors usually spend a particular amount of time paper trading their strategies and ideas before they can risk capital. Thus, they gain enough experience.

This exercise pays excellent dividends and shortens the learning curve. It allows the limited profitability earlier than the usual. To make sure you’ll get the most out of paper trading, you need to make sure you choose the best trading platform.

Below are the qualities of a trading platform you need to look for:

• Life-like Paper Trading Platform. When choosing a platform, one thing that you need to consider is the system. Does it provide a life-like platform? Is it similar to real-life paper trading? When we say Life-like, we’re talking about the following:
1. Equities and options
2. Spreads and ETFs
3. Streaming Level 1 and 2 quotes
4. Streaming charts with drawing tools
5. Real-time order execution
• Options Trading. A good trading platform must have options trading that you can choose from. These options may include multi-leg, which is a versatile option for a trading simulator. These features include:
1. Multi-Leg Options
2. Options Strategies and Spreads
3. OTO or OCO
• Customizable Trading Experience. As a trading participant, you need to consider the overall experience when you use the platform. How does it feel when you use the trading platform? When choosing the best platform, make sure you choose one that offers a customizable drag n drop interface, in order to create a unique experience to traders. Below are the features of a customizable trading experience:
1. Use multiple brands
2. Plug in 3rd party content and analytics
3. Localization (multi-language support)
4. Web-based and mobile applications (No installation needed, no downloads needed)
5. It supports any OS, including MacOS and Linux
• Broker Back Office. Also, when looking for a trading platform, make sure that it has a broker back office portal. Broker back office allows you to trade via a simulation. The trading rules, access, user permissions, trading websites, and compliance are all simulated.
1. Risk Management: pattern day trader, free riding, fat finger
2. Simulated Compliance: Buying power, margin requirements, and reg-t
3. Rules Engine: set up your own game rules or risks
4. Different Trading Account Support: Day tracker, margin, or cash
• Educational Tools and Gamification. Educators also utilize a paper trading platform to provide their followers with the newest trading tools. If you’re an educator, you should be able to make the process of becoming a stock trader more engaging. You can do so by introducing online trading competitions and contests. You can reward top performers in paper trading. Your platform should be able to do these:
1. Determine who the top performers are
2. Real-time performance tracking
3. Organize competitions and contests with just a click of a mouse
4. Track Profits and Losses
• Websocket and API. One of the best features of a trading platform is being able to access the leading API for managing the trade life cycle. Having access to the API also gives you access to extract the trading data as well as building innovative applications for trading. These applications include:
1. Rest API
2. Track or collect trading data via API for business intelligence
3. Test trading algorithms via API
4. Customer Widget Designer Module
Whether your firm is looking at upgrading stock trading platform, ETNA stock trading platform is the best choice. ETNA offers modern stock trading platform as a service to investors and aspiring investors. It offers innovative pricing plans as well as customization opportunities.

It also offers convenient usage-based pricing to convert the client-vendor relationship into a partnership that benefits each other. This makes ETNA stand out from its competition. What are you waiting for? Contact ETNA now for more information and how to get a paper trading platform.

A yarn wholesale shop might not appear like some kind of a hugely profitable venture; however, you might be undervaluing its potential. It is quite a challenging business that often requires hard work and commitment, but a lot of people actually make a decent living by just managing a yarn wholesale shop. Best of all, they are earning a living by doing something they appreciate. If you love any kind of needlework, the ideal job that you may have spent so long searching for might be by owning a yarn wholesale shop.

Also known as a “knitting shop,” a yarn shop offers knitting craft-related supplies. They usually sell yarn balls, crochet hooks, knitting needles, patterns, knitting accessories, and crochet accessories. Yarn shops will sometimes sell other items, providing the consumers the products they need for a number of hobbies.

It would be best if a yarn wholesale store is owned by someone who truly loves knitting. Good yarn shop owners like supplying low-price knitting supplies. They also love to spread the art of knitting with others. Yarn shop owners usually organize customer seminars, giveaways, and fun events.

A yarn shop owner ought to be people-oriented.

They need to engage with clients, concentrate on relationship development, and enjoy continuous knitting activities.

So if you are someone who is people-oriented, loves knitting and wants to open up a yarn shop, follow these guide once you are ready to start your yarn wholesale store to make sure that you will not be wasting time, effort and money in making your yarn business grow.

Plan your yarn wholesale store business

You might be tempted to put as many kinds and colours of yarn as possible once you start putting up a yarn store. You will also need a number of supplies to carry. Nevertheless, excessive stock can bring a financial strain on your yarn store. You must focus on purchasing stocks which are more sellable to your prospective clients and those which are not available in any other yarn wholesale shop within your area. If you plan your yarn shop properly and carefully, you will be able to carry sufficient yarn and supplies which can draw customers to your shop without wasting much of your resources or generating excessive debt.

Start by writing a plan for your yarn shop business.

A written plan is one of the fundamental factors which all successful companies follow. This plan and strategy define how your business will function, enable you to find your target market, and to know how you will approach the clients of that market. Download and customize a business plan template to meet the needs and budgets of the yarn store you are planning to launch.

Get funding to start your yarn business

Secure the capital that you will need to operate your company. In the previous stage, the business strategy that you formulated should have recognized the operating budget for your yarn shop business. Take into account how much financing is needed for the first 18 months to meet your operational costs. Secure these funds by any means that are available. The main financing options for most small business entrepreneurs are personal loans from your bank, credit card balances and loans from friends.

Survey the competition

Check out your local competition before purchasing yarns or supplies. Look for what other shops cannot offer and not at what they can offer.

Pay attention to the clients and then see what they would like to find. For instance, if you can find an area of needlecrafts not provided by local shops, concentrate your initial inventory on that area.

Register your yarn shop

You should register your yarn wholesale shop as a company. This would be a significant move as it enables you to purchase wholesale products as well as it will make it simpler for you to pay sales tax on products sold in your shop. Being fully established as a company also enables you get a Federal Employer Identification Number that is used to pay for income taxes in case you will be hiring employees to work in your yarn shop. To get more comprehensive data on how to start up a business for your yarn shop, consult the city clerk’s office in your city.

Open a bank account for your business

This distinguishes your private assets from the assets of your business that are essential for the protection of your personal or private assets.

Moreover, it would also allow you to fully grasp the financial performance of your yarn business, recording your several expenses and income sources are crucial. By opening a bank account, it will also significantly simplify your annual tax filing by keeping detailed and comprehensive records.

Procuring required licenses and permits

Failure to obtain required licenses and permits can lead to heavy penalties or can even shut down your yarn shop. So before opening up your business, procure all the needed documents.

Lease a space for your yarn shop

Rent a building or an office space for your yarn shop business. You will need a suitable place for your yarn displays like project books and other products. A cash register area and a back office are also necessary. It will also be best if you can appropriate a space to store your extra inventory, but it is also totally acceptable to have your entire storefront for your inventory. The location of your shop must be accessible and easy for clients to find.

Look out for yarn wholesaler and sign up accounts with them

Before you can continue to this stage, you will need to have registered your company in the third step because most wholesalers will demand a copy of your business license for their files. It is recommended that you sign up for accounts for yarn wholesalers for yarns, fabrics, threads, needles, craft books and any other products you intend to sell and display in your shop with yarn wholesalers. It will allow you to purchase stocks at a very low price for you to make a profit by selling it at the suggested retail price.

Allocate a crafting corner

Consider allocating a section within your shop where the people can rest and work on projects.

Putting up some area for comfortable couches and seats will provide an appealing environment for the people to work on craft projects and provide clients an enticement to enter to your yarn shop.

Since customers may also end up staying up for a long time doing their project, you can gain additional profit by selling coffee, tea and light snacks. Offering your customers with a warm social environment can help make them more comfortable.

Conduct craft seminars and workshops

To educate the people on how to use the products you sell, you may conduct craft seminars and workshops. Exposing new individuals to needlework or new methods of needling will not only teach them a skill, but will also boost the number of individuals in the area who will need the products you sell. Holding monthly seminars, workshops and any training courses will also provide a reason for clients to enter your shop, which raises your chances of having a big sale day.

Define your business brand

Your brand should be what your business stands for, and also how the public identifies your business. A powerful brand will enable you to stand out among your business rivals.

Establish web presence

A business website enables clients to know something about your business as well as the products and services that you are offering. You can even use social networking sites to lure new customers or clients.

Try selling online

You can also consider selling online as another means to reach out to customers. Selling yarns and any other supplies on the digital marketplace opens the door to a much bigger pool of customers than what you have access on at a local level. Selling products online also brings a comfort factor to your local clients who can make their purchases in advance and then choose to pay for shipping or picking products up at the shop.

Put yourself on the customer’s shoes

Think of the clients that you would like to attract to your yarn wholesale shop. Make a profile list of a customer in terms of personality, age, preferences, income and what he or she wants to have from a yarn shop. You must not stock up on yarns that your usual customers would not want just so that your shop will appear as a full-fledged yarn wholesale shop. In addition, do not be scared to specialize. Specializing could help you save money on your inventory.

Be involved with your community

Be engaged as much as possible with the community. Profitable yarn shops do not only offer knitting products — they also provide experiences. Even if you are just a starting yarn wholesale store, you should interact as much as possible with your community. Check out local organisations, organize giveaways and swap-ins. Treat buyers like family and ensure that every transaction is accompanied by trust and commitment.

The most usual type of claim that is filed is insurance for a water damage claim. This is with taking into account the commonality of the water damage.

Homes, buildings and other infrastructures can be damaged by water from natural sources such as floods or from non-natural sources such as the malfunction of appliances. Irrespective of what is the cause of the damage, you must inform your insurance provider and be prepared with your policy number if your property has water damage.

To ensure that your insurance policy covers water damage claim and to find out exactly what it covers, you need to examine it. Accidental water damage from HVAC system, flooding, mold remediation, living expenses, water-damaged items restoration and drain or sewage backups are the things to consider in checking your coverage for. You may request for additional coverage if you think that not all of the aforementioned is included in your plan.

Here is a list of how you can claim with your insurance provider in case of water damage to your property:

List down damaged properties

Unless you make a precise inventory of what has been completely destroyed, then your damaged properties can be fully refunded. You may provide details such as making and modeling of each damaged item, age, cash value, cost of replacement and even the condition. However, you must put in mind that the cost of replacement differs from the market value. Taking pictures of the damage properties can also be done as further evidence.

Do not throw anything

In making claims to your insurance company, you must procure evidence, so that the damaged property must be easily accessible for investigation. If there is no written declaration that the insurance company enables you to do so, do not dispose or throw anything away. You may not get coverage for such items if you throw away things.

Do not do repairs without insurance approval

It is not advisable to do any reconstruction that takes place before the approval of your insurer; it might not be covered anymore. However, you can perform the necessary repairs to protect your home from further damage. For such temporary work, you only need receipts and proof.

Choose the best suppliers

The company will be the one to give advice to work with their specific services, contractors and vendors for property restoration when you call your insurance regarding the damage.

Insurance claim for water damage

The next thing to do is to write a notice for your insurance company for the official insurance settlement after the evaluating coverage, creating an inventory list of damaged content and gathering detailed evidence.

The process of claims

Within a couple of days, your insurance provider should call you. The insurance company will give an explanation on how to process your claims and to let you clearly understand the actions for which you are responsible. Your insurance provider has only fifteen working days to accept or reject your insurance claim. If accepted, they will settle the claim for not more than five working days and you will be able to secure your money. And if your claim was rejected, then it is necessary for them to provide a written explanation.

Work with the adjuster

For inspection of the damage suffered, an adjuster will be sent to your house. It may be full-time employed by your insurance company, a public adjuster who works for you or an independent contractor who is connected with different insurance providers.

A public adjuster is the one who takes good care of

the claims with their entirely, is the reason why they are capable of ensuring the best chance for success with insurance claims. Being a licensed professional is an important thing concerning the adjuster.

Settling claims

If your policy covers the damage and this notice will include an estimate of the amount of repairing the damage, the insurer is the one who will notify you through a written notice.

You will be paid for those with a cost policy of replacement to perform the renovations on your home. The amount of payment will be based on costs. However, the check amount will be based on the estimated cost with the deductible costs and the subtracted depreciation. Moreover, you need to be mindful that such repairs will have to be carried out within a certain period of time.

You will be paid for actual cost of the renovation except for depreciation with the actual cash value coverage. Commonly this amount is not enough for a comprehensive restoration or renovation, but by acquiring an endorsement you may be able to raise your coverage.

It is very important to remember that your insurance policy only includes the material with the same quality as that which has been damaged. If you desire some material upgrades, you should cover these costs.

Issues with molds

Regular policies do not normally address mold remediation except if repairs are required. Policies often have limited mold coverage, and you can purchase more coverage to also include mold.

In response to water damage, mold can develop and spread rapidly, making it relevant to instantly address any water damage. You have to remove the water and to reduce the amount of damage incurred, and your property and any other affected materials must be dried as quickly and efficiently as possible.