Showing posts with label finance trading. Show all posts
Showing posts with label finance trading. Show all posts

Mar 30, 2019

The 5 Key Factors That Made Norway 2018’s Most Prosperous Country

Image credit: weforum.org
Norway is one of the few countries in the world that has been receiving various accolades year in and year out. In 2017, Norway was considered the “Happiest Country in the World” by LexisNexis. Norway also never fails to make it into the top tier in various lists detailing the most beautiful countries in the world.

However, there is one accolade that the country is proud of getting nine times since 2007: the “World’s Most Prosperous Country.”

The Legatum Prosperity Index is an annual ranking developed by the Legatum Institute, whose mission is to “create the pathways from poverty to prosperity, by fostering Open Economies, Inclusive Societies and Empowered People.” This index shows how countries from different parts of the world have veered toward or away from a higher standard of living or prosperity.

Each country included in the study is evaluated according to nine important pillars or factors which are:

Economic quality
Business environment
Governance
Personal freedom
Social capital
Safety and security
Education
Health
Natural environment

What Made Norway Top the List


Norway ranked impressively high in five pillars of the Legatum Prosperity Index which propelled it to the top of the list. These five pillars or factors are:

1. Safety and Security


Norway ranked first in terms of safety and security.

This pillar measures how well citizens and properties are protected. This also evaluated by how safe and secure the citizens feel on a personal and national level.

This shouldn’t be a surprise since Norway ranked second on the 2018 Gallup survey of the world’s safest countries to visit.  The survey showed that both locals and tourists feel safe in this country.

Additionally, Norway has a relatively low crime rate, especially when compared to other Western European countries with large populations. Norway is a peaceful nation where civil unrest is almost nonexistent.

2. Governance


Norway ranked third in this pillar. This factor pertains to a country’s performance in the following key areas:

Effective governance
Democracy and political participation
Rule of law

Norway follows a parliamentary constitutional monarchy system where the executive branch is headed by the prime minister and exercised by the king's council and the cabinet.

The country got a high rating for the adherence of its citizens to the rule of law. In addition, Norway received high ratings for the quality and relevance of regulations they have implemented.

Lastly, the nation scored high in terms of the efficiency, impartiality, and accountability of its government.

3. Social Capital


The country also ranked third in terms of social capital, a pillar which measures the extent to which people trust and support one another and have the support of their family, friends, and other people. 

It evaluates the depth and quality of personal relationships, social network support, norms, and people’s civic participation.

In Norway, a study was released in 2017 showing that there has been little change in the number of locals who have people whom they can count on for help when the need arises.

With this in mind, it is safe to say that Norwegians have good personal and social relationships and they are more likely to help someone in need. They are also more open to making cash donations and volunteering to aid others.

All these efforts go a long way in pushing and maintaining the country’s prosperity status.

4. Education


In terms of education, Norway ranked fourth.

This pillar takes into account the country’s quality of education, the people’s access to education, and human capital.

The Norwegian public education system is considered one of the best in Europe. The general level of education in Norway is even higher than the European average.

The country has done a great job of maintaining the quality of education in both public and private schools. Because of this, many Norwegians are well-educated and the number of adults with at least an upper secondary level of education continues to grow.

5. Economic Quality


Lastly, Norway ranked seventh in terms of economic quality.

This factor rates countries on:

Openness of economy
Economic opportunities
Financial sector efficiency
Foundations for growth
Macroeconomic indicators

Norway is one of the few countries with an inclusive economy that continues to perform well. The country has the lowest income inequality score in the world. Because of this, Norway has a number of the best companies to invest in the long term.

The country is also successful in translating economic growth into high and rising living standards. Moreover, Norway is a consistent performer in terms of creating jobs for the majority of the population and reducing poverty.

With its great track record and continuous effort, Norway is on the right track to landing on the top of this year’s prosperity index as well.


Jan 24, 2014

Trading Binary Options in the United States

Image Courtesy: findunifi.com
Binary options have become a very popular trading vehicle and new binary options brokers are opening their doors in a steady stream. But most binary options brokers are not under supervised by any recognized regulatory organization and there is very little oversight involved, so caution is always advised when opening a binary options account.

Jan 1, 2014

Price Consolidation in Forex Trading

Forex traders love to trade on price consolidation breakouts. So what is a price consolidation?

In terms of technical analysis, consolidation is the movement of an asset's price within a well-defined pattern of trading levels. Consolidation is generally regarded as a period of indecision, which comes to an end when the price of the asset breaks beyond the restrictive barriers. Periods of consolidation can be found in charts covering any time interval (i.e. hours, days, etc.), and these periods can last for minutes, days, months or even years. Lengthy periods of consolidation are often known as a base.

Dec 23, 2013

Binary option trading - the Russian Binary Market

Binary option trading is undoubtedly a global phenomenon and traders from across the globe have access to the market, regardless of whether they are in front of their computers and trading their favorite assets or they are physically present on the floor where the trading is taking place. Binary trading has seen traders from all quarters and in this article, we will focus on the option trading market in Russia.

Oct 30, 2013

Various Contract Modes present in Binary Options Trading

Binary options or fixed return options are a type of trading that give a set amount of money to the trader. The trader has to just predict the movement of a specific asset or tool, and calculate on whether the price will go up or come down. He does that after making a thorough research about all the factors which influence the price. Binary options form a simple and easy trading method. In this method, the trader is aware before making the trading about the loss or gain that would result which considerably reduces the risk factor.

Oct 9, 2013

Binary v Vanilla: What’s Your Option?

If you’re even remotely interested in trading shares, then you are probably already familiar with the terms ‘binary options’ and ‘vanilla options’. To put it very simply, binary options, also commonly referred to as digital options, offer two results to each transactions, while vanilla options only offer a single result. In the following, we take a closer look at these two different types of options, in order to help potential upcoming traders make up their minds as to which of the two is best suited for their trading style.

Oct 2, 2013

Make Fortune Overnight with Binary Options Trading

Binary option trading is the riskiest but the most rewarding option of all the trading types. You get the cash/ asset or nothing in return of the investment made. The trader needs to have strong intuitive knowledge pertaining to the movement that occurs in the market and he can choose a specified limit where the investment can be anticipated to reach. If the options price does not reach the speculated figure, the trader gets nothing. This trading option is considered the easiest to practice as the trader need not make estimates about the magnitude of the market movement but only the direction.

Sep 22, 2013

An Overview of Binary Options and its Applications

Binary options form a simple way of dealing with price fluctuations that occur in the international markets and help in trading successfully. To benefit from binary options, a trader should first know in detail about the factors that govern the options like the risks, fees, payouts, liquidity structure, and the investment methods used. Though conventional trading still has its positive points, binary options are easier, simple, and enjoyable methods in options trading.

Aug 28, 2013

Basics of Stock Markets: The A-Z Quick Sheet for a Beginner-Level Investor

Several individuals wish to engage themselves in stock market and invest their money in stocks, but they don’t have an idea about Stock markets and how they work. In fact, there may be lot of info available to you, but they may all seem confusing without actually knowing the basics. This post aims at educating the beginners about the basics of stocks market. Read on to enlighten yourself about the A-Z of stock market. 

Aug 6, 2013

Can Anybody Profit With Binary Options?

Binary options, also called digital options, are one of the simplest types of trades to understand. That is because they simply consist in deciding if a particular stock will gain or lose value in a short amount of time. That is not to say that everybody profits from every trade. But with determination, many people can learn to develop a successful trading strategy.

Jun 3, 2013

Binary brokers: Take your pick from US friendly trading providers

When we say that a particular broker is US friendly, it simply means that the broker abides by the norms of FATCA or Foreign Account Tax Compliance Act. In USA, all types of income are subjected to taxation rules, regardless of whether the income that is being earned by US citizens is from within the country or across the border. The investments made that are subjected to taxation also include cash that you have spent for binary options. As such foreign brokers that agree to deal with US citizens have to disclose all kinds of income as necessitated by FATCA.

May 21, 2013

Weaknesses to be Known Before Investing in Exchange Traded Funds

A small as well as big investor always treats Exchange Traded Funds (ETFs) as a grand investment. Considered similar to standard mutual funds, these funds trade like stocks. However, this does not mean that one can blindly invest in them without knowing about the shortcomings or weaknesses. In fact, a wise investor will always look at both the sides of the coin to gain possible information. After all, complete and precise information acts as a vital decision-making tool for the investors. So, discussed below are some weak aspects of ETFs that every investor needs to know and understand.