The US company Artezio is doing what they can, however small, to help Americans in fighting the economic consequences of the coronavirus pandemic. The software company decided to significantly reduce the price of Cost Track in the US.
Cost Track is a powerful software tool for monitoring income and expenses and effective budgeting. It allows for expense tracking and keeping statistics of cash distribution grouped by different categories. The app supports various currencies including bitcoins and precious metals. The daily use of Cost Track allows users to save money due to the careful attitude towards expenses and finance planning in the long term.
Cost Track functionality and user-friendliness was highlighted by jury members of international contests many times.
“The coronavirus pandemic will not only impact the global economies of all countries, but also income of people who lose their jobs or a large part of their earnings. Therefore, software products for budget management can be valuable and in much demand today. We’ve already noticed the growing interest of Cost Track on the part of the US citizens. To help people cope with current and future difficulties, we decided to forgo profit from selling the app and offer Cost Track for the minimum price that Google Play marketplace allows,” says Igor Esipovich, Director of Artezio Mobile Development Department.
Starting April 22nd the Cost Track on Google Play will be available for $0.99 as a one-time purchase. At the moment, the cost of a one-time purchase for the app is 10 times higher.
The promotion will be limited in time and available only to the US. According to the development team, the duration of this special offer will depend on how the coronavirus situation evolves. It is possible that the practice of cost reduction for solutions that can help people during the crisis will be used in other regions of the world as well.
Analysis Paralysis: Determining How to Analyze Your Trading Decisions
One of the most crucial parts of the process of being a day trader is the analysis, it is the part of the process that informs decision making for day traders regardless of what kind of trading they’re involved in, and it stands as one of the three main pillars of success. Thomas Yin details the two main ways in which analysis is handled in his book, Trading Secrets, explaining that both forms have different benefits and drawbacks and details how each function regarding trade.
The first type of analysis is fundamental analysis, which involves tracking the news and numbers. Fundamental analysis is a numbers game at heart. It’s tracking those numbers such as revenue, earnings, and profit and tracking ratios and using them to make predictions about future shifts in the market. Yin states that fundamental analysis isn’t necessarily the best way to track changes as it can be right; it’s merely a matter of when it’s right and when it isn’t. Therein lies the problem, the ability to be right is good, but it is almost as if you’re guessing when the fundamental analysis will work out in your favor.
The second type of analysis is technical analysis; Yin discusses that this kind of analysis leans into the idea of trade psychology. Technical analysis deals with tracking the fear and greed and using that to pinpoint and determine where and when the market will shift and by how much. Technical analysis works on the principle of looking at both historical and current price movements in the market to predict the future price movements and determine the existing trade conditions.
Unlike the fundamental analysis, technical analysis uses all past and current market information as a determining factor in how the market behaves and moves. In terms of the analysis, there is a great deal of visual representation in the form of charts and graphs that depict the information, trends, and future predictions easily, and while it might come off as complicated, it is quite the opposite. Yin makes a clear assurance otherwise, stating, “If technical analysis is complicated and hard, it will not work.” This kind of analysis must be kept simple to function appropriately as otherwise, it will cause more harm than good, but when it’s done right and kept simple, the probabilities tend to err more on the side of success for winning trades.
As a systematic market analysis is paramount to success in the market, understanding both of these forms of analysis is key to understanding how to succeed. The logistics of each form of analysis resides on the fact that analysis in the market is systematic. It isn’t merely one analysis, and then it’s done. It must be done systematically to keep up with the market trends and keep the success going. Mastering the market analysis is a deal-breaking element of success in the market, and learning it can lead to great success or tragic failure.
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