Here Are The Common Factors That Causes Loan Rejection!

The loan applications of various people are rejected and they get frustrated because of the rejection of their application. There might be several causes why your application has been denied by the loan provider. Some of the major factors behind the denial of the loan applications are mentioned here below:-

1. Your credit rating is not satisfactory for the approval:

A person with perfect credit scores faces no problem to get approved for the loan because good credit score reflects the stable financial condition of the person and reflects that the borrower repay the amount at the fixed time. Borrowers with bad credit ratings are rejected by most of the loan providers because they are risky borrowers and providers or lenders are not hopeful of getting back the loan amount they lend to bad credit applicants.

Understanding Fundamental Analysis

Fundamental analysis looks at the underlying reasons why a market may have moved in a particular direction, instead of analyzing trading patterns as with technical analysis. If you prefer to perform fundamental analysis, this means that you will be following the latest forex news and major global events, in order to better determine which direction a particular currency will travel in and more accurately execute a trade.

Five Things You Need To Know to Start Successful Forex Trading

The Foreign Exchange markets or Forex markets as they are known will probably seem a daunting place when you first come across them. Even those who have experience in other forms of investment can often come unstuck when starting trading on these markets. Therefore prior to tackling the currency markets there are some specific things that you will need to learn before you start trading.

Here are the answers to the five most common questions that beginners need answered if they are to lay the foundations for successful Forex trading.

What You Need To Start Trading 

The good news is that there is nothing in particular that you will need in order to get started. Provided you have access to a computer with an Internet connection you will have the minimum requirements for trading.

This will allow you to visit a broker and open up and account which will allow you to open and close orders on the currency markets.

Forex Analysis for the Coming Week

AUD/USD 

What a down turn we had last week, a nice sizable trend that people were able to get their teeth into. The price has even dipped below the breakout point of the double bottom pattern that was witnessed between August and September. The coming week would suggest a bearish biased heading towards 0.9000 and September lows of 0.8900. However I would expect some retracement on the long candles that were experienced at the end of the week. I would expect to see a pull back to a strong support and resistance level of 0.9280 before heading south again.

EUR/USD

The Euro has been reacting strongly to fundamentals with Mario Draghi giving some insight to the future of the ECB. The price has acted as if strong support levels were not even there and big swings in the market have made it difficult to pin point any entry prices. As it stands at time of writing 1.3557 I would expect to see a return to 1.3480 before continuing on a bullish trend. It doesn't seem to matter what Draghi says the currency keeps bounding back.

3 Irrational Trading Expectations

It is true that the expectations we have for ourselves play a central role in affecting our emotions and even our actual experience. In particular, waiting for a good result makes us feel excited while foreseeing a negative result makes us worry.

Experts in trading psychology have highlighted the connection of having reasonable expectations and ending up with a healthy trading mindset. After all, when one sets expectations that are too high, disappointment becomes more likely. On the other hand, when one sets very low expectations, there isn't enough challenge to do better.

One of the irrational expectations in trading is thinking that hard work means more trades. This kind of expectation doesn't at all take the quality of the trades itself into account. As a result, you might wind up overtrading if you think that the sheer number of trades will eventually translate to profits.

Steps to Becoming a Professional Forex Broker

What It Takes To Be a Successful Forex Trader

Not all trading systems have it, and it is important to find the right forex trading system before you begin to trade. Statistics show, over 90 percent of forex traders fail and even with the best course, with all aspects covered you can still fail.

It is important when you check out a company, to read everything on the company. What others had to say and everything I could get my hands on before I signed up for a training program. Yes, I am a trader, and happy to be a successful trader. This isn't to say there haven't been ups and downs, there have; but I thank my success to a will to learn and succeed in training, which has been dynamic.

So, with that said, before you start, get to know yourself, and definitely get to know the company and program you sign up with. Forex trading is not easy; it is intense, and without knowing the market and all indicators, it is complicated. You need self-discipline and focus and a dedication to learning.

How To Avoid Rejection of Your Personal Loan Application

This article particularly deals with looking into the various issues surrounding the rejection of a personal loan application. Once the application has been logged in, there are several background processes that occur based on which the loan application is approved or rejected.

1) CIBIL Score

Your cibil or credit score should be a minimum of 750 in order to be considered for approval. This is the reason why every individual must purchase a credit information report prior to their application, because if your loan is rejected once, it might take a while before you will be able to apply for a loan again (i.e. after a minimum of 6 months)

2) Documents mismatch / document fabrication