Mirza Ramish Baig "MRB"

03/03/2023

WHAT ARE PIPS IN FOREX?

In the context of finance and trading, "pip" is a term used to describe the smallest unit of price movement for a currency pair. The word "pip" stands for "percentage in point" or "price interest point". It represents the fourth decimal place in currency pairs that are quoted to four decimal places, or the second decimal place in pairs quoted to two decimal places. For example, if the EUR/USD currency pair moves from 1.2000 to 1.2001, that would be a movement of 1 pip. The value of a pip can vary depending on the currency pair being traded, as well as the size of the trade. It is an important concept in forex trading as it is used to calculate the profit or loss of a trade.

24/02/2023

Dear Forex Beginners,

Welcome to the exciting world of currency trading! While it may seem daunting at first, I want to remind you that every successful trader was once a beginner just like you.

Remember that learning the ins and outs of Forex trading takes time and dedication. Don't be discouraged by setbacks or losses - they are a natural part of the learning process. The key is to keep pushing forward and continually educate yourself about the markets.

One of the most important traits of a successful trader is discipline. This means sticking to a well-defined trading plan, managing risk effectively, and avoiding impulsive decisions based on emotions. Set realistic goals and develop a strategy that suits your personality and risk tolerance.

Don't be afraid to seek guidance from more experienced traders, but also remember to trust your own instincts and do your own research. Keep a positive mindset, stay patient, and never stop learning.

In the end, the journey to becoming a successful Forex trader is challenging, but the rewards can be immense. Stay motivated and committed, and you will undoubtedly achieve your goals.

Best of luck on your trading journey!

24/02/2023

WHAT IS FOREX SCALPING?

Forex scalping is a trading strategy that involves making numerous trades in a short period with the aim of making small profits from each trade. The idea behind this strategy is to capitalize on small price movements in the market that can lead to quick profits. Forex scalping is a popular trading technique among day traders who focus on short-term price movements.

In forex scalping, traders look for short-term price movements in the market and enter and exit trades quickly to make small profits. The trades are usually opened and closed within a few seconds to a few minutes. Traders use technical analysis tools such as moving averages, Bollinger Bands, and other indicators to identify short-term trends in the market.

One of the key features of forex scalping is that traders use high leverage to make small profits. Traders often use leverage of up to 100:1 or more, which means they can control large positions with a relatively small amount of capital. However, high leverage also increases the risk of large losses.

Forex scalping requires traders to be highly disciplined and focused on their trading strategy. Traders must have a solid understanding of technical analysis and be able to identify short-term trends in the market. They must also be able to make quick decisions and act fast to capitalize on small price movements.

Some of the advantages of forex scalping include:

Quick profits: Forex scalping can be a highly profitable trading strategy, with traders making small profits from multiple trades throughout the day.

High liquidity: The forex market is the largest financial market in the world, with high liquidity and tight spreads, making it an ideal market for scalping.

Low risk: Forex scalping involves low-risk trades, as traders are only looking for small price movements.

However, forex scalping also has some disadvantages, including:

High risk: Although forex scalping involves low-risk trades, high leverage can lead to large losses if the market moves against the trader.

Time-consuming: Forex scalping requires traders to spend a lot of time in front of their computer screens, monitoring the market and making quick trading decisions.

Trading costs: Forex scalping involves making multiple trades throughout the day, which can result in high trading costs, such as commissions and spreads.

In conclusion, forex scalping is a popular trading strategy that involves making multiple trades in a short period to capitalize on small price movements in the market. While it can be a highly profitable strategy, it requires discipline, focus, and a solid understanding of technical analysis. Forex scalping also carries high risk due to high leverage, and traders should be aware of the potential for large losses.

24/02/2023

COMING SOON

09/07/2022

WANT TO BUILD A BRAND ON DARAZ?
Daraz has zero competition and great potential to easily BUILD AN ASSET.

BUT HOW?
STEP 1: COMPANY CREATION Trade Mark Registration
SMC( Single Member Company) or Sole proprietorship Registration\
Takes 7-8 days for the creation of the Company.
STEP 2: BUSINESS BANK ACCOUNT
With the details of the company, you can easily Create Business Bank Account in any Bank.
Takes 7 days for the creation of an Account.
STEP 3: TRADEMARK REGISTER
You will get trademark registration no. in 1 month and a letter after 9-10months. Trademark registration no. would be enough for account creation on Daraz.
(Single company | Mother Company | under which you can create different brands mean with using one company you can create various brands under it.)
STEP 4: DARAZ ACCOUNT CREATION
Account on Daraz must be a Business account which will unlock many features that a local seller won't have like
Enhanced content listings/ A+listings
STEP 5: LISTINGS PRODUCTS ON DARAZ
Before Listing your item it is necessary to do keyword research so that your listings would be highly optimized with relevant Long-tail & Short-tail KWs and do give a thought to Eye-Catching Product Images as well.
STEP 6: RANKING ON DARAZ
For better ranking try participating in campaigns, give Free shipping, and free gifts if still, your store is struggling with ranking you can also run ads on Facebook and Instagram, and do check out influencer marketing.

CONVERSION RATE ON DARAZ
Daraz is the platform where you get a conversion rate of 20-25% while on other platforms you'll get a conversion rate of 2-3%.
Every store I am operating on Daraz has a minimum CONVERSION RATE of 25% per month. Per-day conversion rate can be 1% or 1.6% but per month conversion is most likely to be 40/60%.
MORE CONVERSION RATE MORE VISITORS MORE SALES MORE PROFIT
The market will be saturated in 2-3 years so now is the best time to Build a Brand on DARAZ.
Feel free to ask any questions.

07/07/2022

DARAZ MALL
As you know, with old strategies daraz has become very saturated, Price wars between Local Sellers is very high, Profit Margins are getting low, its very hard to keep your store Profitable with all the expenses you have to bear Monthly,
Investing on New Products involves a lot of risk.
𝐒𝐨, 𝐖𝐡𝐚𝐭 𝐎𝐩𝐭𝐢𝐨𝐧 𝐝𝐨 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐃𝐚𝐫𝐚𝐳???

In this Post we will share a case and see what Benefits DarazMall Tag brings to you.
The attached screenshot is of a 1.5 Year old Daraz Mall Store,
It shows the Revenue Generated in the Month of April 2022.
Total 30 SKUs are listed out of which 95% revenue is from 5 locally sourced chinese products. (rest 25 are company products with almost 0 investment for Daraz)

Store Age: 1.5 years
Total SKUs: 30
Initial Investment: 5-6lac PKR

95% of the Revenue is Generated by 5 Locally Sourced Chinese Products.
Below are the Stats are of those 5 Products

Profit Margin : 19%-35% (with local Sourcing)
Price Range: 350-1200rs
Ranking Budget: Almost None

So what's the secret?

1. Daraz Mall Tag itself has the power to give you these Stats.

2. Single Category, Avg. Priced, Saturated Products (Yes, In term of Daraz Mall the competition is stilll very low)

3. Keep Adding New Products time to Time.

4. 100% Organic Followers. (Having Organic Followers will take time, this store has around 3K organic Followers in 1.5years, but they are very helpful in new Launches that is why Ranking Budget is almost 0)

5. Invest Heavily on Inventories after reaching a stage, Sourcing directly from China will take your profit from 25% to 40%.

So, if you are looking to invest on Daraz, Invest on Daraz Mall. The starting takes time but the results are GOLD.

07/07/2022

Daraz Product Hunting Techniques | How to Find Profitable Products | Hindi/Urdu | PART 2 | MUST WATCH

In this video you will learn how to find the products that can give you huge return on investments. The product hunting is a core area which sets out your ro...

07/07/2022

Daraz Product Hunting Techniques | How to Find Profitable Products | Hindi/Urdu | PART 1 | MUST WATCH

In this video you will learn how to find the products that can give you huge return on investments. The product hunting is a core area which sets out your ro...

07/07/2022

Daraz Product Listing | Product Management | Build PL on Daraz in Pakistan | Hindi/Urdu

How To Do Daraz Product Listing And Product Management?In this video, I teach you to complete Daraz product listing and product management. ...