Pay on the Go: How Mobile Payments Evolved in the Last Decade

Back when Steve Jobs announced the iPhone, most people only saw a smarter, better phone, with a bunch of features they didn’t know what to do with. But in time the various industries discovered the potential of this pocket-sized computer, rolling out new services, new ways to use it. Among them, an ever-growing service that allows users to use their phones as payment devices, much like virtual credit cards.

Paying online was never this easy

There are several ways in which you can transfer money over the internet, from the traditional remittance to a series of electronic methods. Some of them are listed at

, but there are many others – some available worldwide, others for residents of certain countries only. But this was not always the case. For years, online money transfer was a service offered by a single company, a groundbreaker on the market – PayPal. The next years saw a rapid development of online payments, with new operators emerging, and their services becoming more widespread and secure. But due to the low penetration of mobile internet connections, these services were most of the times restricted to the land-based internet – and desktop devices.

Mobile payments in the new century

Although mobile payment systems were introduced in the late 1990s, they didn’t start to grow in a meaningful manner until the early 2000s. Although more than 90 million people purchased various products and services using their mobile phones by 2003, many markets were tardy in adopting this new way of money transfer. Some of the options introduced in these times are still available today – like the one when you send a text message to a certain number to pay for a product or service, which will appear on your phone bill at the end of the month. But with the emergence of smartphones, mobile payments have become more seamless and handy than ever.

Using your smartphone as a credit card

The introduction of services like Apple Pay, mobile payments have taken an evolutionary step. Users don’t need to have their credit cards on them anymore – they only need their smartphone. Apple Pay and its likes store the users’ credit card information in a safe virtual wallet on the device. Payments are made using technologies like BLE (Bluetooth Low Energy) or NFC (Near Field Communication). Users don’t need to swipe their credit cards anymore – they can simply hold it close to the merchant’s POS, enter a PIN code, and voilá – their payment has been done.

Mobile payments are becoming increasingly popular among smartphone users. According to an estimate, up to 90% of smartphone users will have made a payment using their device by 2020. And the value of such transactions is estimated to exceed $60 billion by next year.

The Benefits of Compatibility: Choosing a Trading Platform that Suits you

While the UK may have voted by a narrow majority to leave the EU, this prospect arguably appears to be further away than ever before. With departing Prime Minister David Cameron refusing to pull the trigger on Brexit and his potential replacements also unwilling to make such a commitment, it is unclear whether Britain’s extraction from European Union will ever come to pass.

Although the fulfilment of Brexit could ultimately damage the British economy and reduce its GDP, the uncertainty surrounding its implementation is even more debilitating. This is certainly having an impact on traders, with the value of sterling, shares and property likely to fall below 2015 peaks in the near-term.

Choosing a Trading Platform to suit you: The Key Considerations

To help thrive in such a climate, investors will need to choose asset classes and trading platforms that suit their needs. The latter point is particularly important, so here are the key considerations when choosing a compatible option: –

1. Does your Platform include Multiple Asset Classes?

On this note, the short-term economic uncertainty will hit some assets harder than others. Currency and equities are likely to suffer considerably, for example, but it is possible for experienced traders to alter their portfolios in real-time and capitalise on such turbulence. With this in mind, it is important to select a trading platform that affords you access to multiple products and derivatives, as this creates the type of diversity and flexibility that enables you to prosper in a strained economic climate.

2. Do you Need to hone your skills and Strategies?

While we would not recommend entering the financial marketplace as a novice in the current climate, those of you who are inexperienced and already financial invested will need to tread carefully in the coming months. If you feel as though you are in need of further education or keen on honing your existing skills within a simulated market environment, for example, it is wise to open a demo account and utilise this for a period of three to six months.

This will let you refine your strategy in a real-time but risk-free market, so look out for a trading platform that offers a demo account.

3. Do you Rely on Analytical Tools?

As a trader, your underlying philosophy and the assets that you invest in will determine how you execute decisions. It is likely that you will need a suite of analytical tools to help inform your decisions, however, so it is well worth selecting a platform that offers economic calendars, webinars and live market insight.

Different platforms offer this to varying degrees, so remain vigilant and seek out the platform that features the tools to suite you. Pay particular attention to your appetite for risk and your trading style, as this will help you to select a platform that helps you to get the most from your portfolio.

5 Best Quora Answers on CFDs

What is Contract for Difference?

CFDs are a type of derivative trading that allows one to try and make profits from speculating on the falling and rising prices of the fast moving and dynamic financial markets or products like indices, shares, currencies commodities, and Treasuries.

A CFD can also be described as a leveraged financial product (derivative) since their value is obtained from the value of other assets such as market indices, shares or commodities. When trading CFDs, one takes a position on the variation in the value of the underlying asset over a period.

All the CFD companies allow traders to trade both long (buying) and short (selling) with the expectation that the underlying asset will either increase or decrease in value. In both scenarios, the trader expects to gain the difference between the closing and opening value of the asset being traded.

What is leverage in trading CFDs?

CFDs allow a person to bet on the rising and falling in currencies, shares, and other assets while only committing a small amount of his or her money. The investors only leverage off the sum of money they have in their possession with the hope of making more. With CFDs, an investor can only commit a fraction of the market value of the asset being traded that can be as little as 1%. The CFD provider covers the remainder of the asset which is 99%.

Although you risk only 1% of your investment, you are entitled to the same losses or gains as if you had paid 100%.

The actual percentage to be invested is dictated by the CFD provider and the underlying assets.

This fact makes CFDs more desirable to most investors since even if you do not have enough money to procure the assets, you can share in the expected gains and losses on the value of the asset.

However when trading with leverage, your gains and losses are magnified, and there is a very high chance of losing much more than you put in especially when you over leverage.

What is the best platform for CFD intraday trading?

The recommended platform will always depend on how you trade. For example;

- If your trading is based on algorithms, automation, and technical analysis, then you are advised to use MetaTrader (MT) platform.

- If your orders are placed manually and your trading decisions are made through a separate analytical tool, then it’s advisable to use CMC market front end.

What are the benefits of CFD trading?

There are a number of advantages that come with the trading of CFDs that include;

  1. Trading on both falling and rising markets

Trading in CFDs allows one to trade the price of an asset going up as well as going down, therefore, letting you benefit from both shorting or selling opportunities as well as buying opportunities. The majority of investors use CFDs as a means of hedging their portfolios through times of short-term volatility.

  1. Efficient use of capital

One of the main benefits of CFD trading is the use of margin while trading. This use of margin gives you leverage thus enabling one to trade without having to invest the full value of a position. This moves also ensures that all your money isn’t tied up in only one transaction, and therefore it can be used for other investments.

  1. Diversification

CFDs give traders the opportunity to trade in different markets and in a wide range of instruments like foreign commodities, equities, and indices. The ability of trading across different markets aids traders to diversify their trading portfolio and spread their risks at the same time.

Is it advisable to trade CFDs so as to make bigger profits?

CFDs are generally leveraged derivatives of their underlying assets like commodities or stocks. Therefore, for a small down margin, a trader can have control over a larger position size. However, this condition magnifies not only the profits but equally magnifies the losses thus it must be used cautiously. It is never advisable to risk more money than the sum available in your account since you might get wiped out when a certain move goes against you. Such a scenario will have you owning your broker and hence receiving a margin call.

In short, when trading CFDs, always think of the risk prior to the reward

Understanding a Contract for Difference

A contract for difference (or CFD) is an agreement between two groups to transact  the difference between the opening price and closing price of a contract.

CFDs always enable you to make the potentially profit irrespective of whether market prices are moving up or down, Unlike conventional forms of trading like physical shares trading.

This means you can potentially profit even during falling markets. If the index moves in the way you predicted, you can profit from every point the S&P 500 falls. ETX Capital offers the right opportunity to traders to use CFD for a better transaction.

Title -Common CFD Trading Strategies

  • Going long CFDs :

Goal: Profit from buying low and selling high
Timeframe: All time frames
Suited to: Experience traders.
Risk Level: Low

  • Going short CFDs – Short Selling :

Goal: Profit from selling high and buying low
Timeframe: All times frames
Suited to: Traders familiar with short selling CFDs
Risk Level: Medium

  • Short term trading CFDs :

Goal: Take advantage of short term movements in the CFD market. Short term trading CFDs can be from days to several months
Timeframe: Days to months
Suited to: All traders
Risk Level: Medium

  • Swing trading CFDs :

Goal: Take advantage of small swings in the market.

Timeframe: 1 day – 20 days
Suited to: All short to medium term traders.
Risk Level: Medium

  • Intra day trading CFDs :

Goal: Take advantage of intraday (within the one trading day) moves and close the position before the market close.
Timeframe: Open and close your position within the same trading day.
Suited to: Experienced traders
Risk Level: High due to small moves requiring large amounts of capital to take advantage of.

  • Position trading CFDs :

Goal: Position yourself based on intraday information with the goal to hold for days to weeks.
Timeframe: Intraday (if stop gets hit) to several weeks.
Suited to: Experienced traders
Risk Level: Medium to high.

  • Zone trading CFDs :

Goal: You believe the market has a memory and ranges between support and resistance levels. You attempt to buy on support and sell on or near resistance levels.
Timeframe: Days to 2 weeks usually.
Suited to: All levels of traders.
Risk Level: Medium.

  • Pairs trading CFDs :

Goal: To take advantage of highly correlated shares that slip out of correlation.
Timeframe: Weeks to months
Suited to: Sophisticated traders.
Risk Level: Low to medium

  • News trading CFDs :

Goal: Monitor news items in the AFR or business section in your local paper plus websites in order to find volatile stocks to trade that day.
Timeframe: Minutes to days.
Suited to: Experienced traders
Risk Level: High

  • Dividend stripping :

Goal: ‘Strip’ the dividend of a stock by buying prior to the stock going ex-dividend and sell before it goes ex-dividend enjoying a capital appreciation as investors jump on board for the dividend.
Timeframe: days to weeks
Suited to: Experienced traders

Risk Level: Medium


  • Hedging CFDs :

Goal: Protect current share trades by taking an opposite CFD trade.
Timeframe: days to years potentially if your stock doesn’t come out of a downtrend.
Suited to: Owners of shares

Risk Level: Low


DIY ( Do it Yourself) is getting more and more popular with the growth of sites like Pinterest. Every day we experiment with new home projects or ways to keep our kids busy, but did you know that DIY has its advantages with restaurants as well? As long as you are smart about the way you handle any projects your restaurant (existing or in the near future) you can save a TON of money without compromising on quality.


Once you pick your new spot, it may come with some much needed repairs. While it is quick and easy to jump on the phone and hire a painter, contractor or plumber, look into the things you can do yourself and actually do them! Pick out a fresh new paint and get to work! Go to a local outlet store and start buying some decor! You’d be surprised by how much you can save when you actually take the time to plan it out.


Another way to save is to find products at a discounted rate, without going through a 3rd party to find it for you. This is more of a literal DIY, but still applies nonetheless. For example, if you are in need of chef wear for your chefs, you can find them at a discounted rate at Restaurant Discount Warehouse instead of those more expensive places where you have to go through a sales rep.


There are always ways to cut corners and DIY, and these are just a few. Be creative and be willing to try new things and you will succeed no matter what!