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ඩ්‍රොප්ෂිපින් හරහා අන්තර්ජාලයෙන් මුදල් හොයමු – Dropshipping earn money online Sri Lanka sinhala

How-to-earn-money-online-with-Dropshipping-in-Sinhala-Sri-Lanka

අද අපි බලමු  Aliexpress drop shipping plugin හරහා  අන්තර්ජාලයෙන් ඩ්‍රොප්ෂිපින් ක්‍රමයට බඩු මුට්ටු අලවි කරලා මුදල් හොයන විදිය. මේකත් හොද best way to earn money online in Sri Lanka ක්‍රමයක්

මොකක්ද මේ ඩ්‍රොප්ෂිපින් කියන්නේ ?

ඉතා සරලව කිව්වොත් ඔයා කරන්නේ අතරමැදියෙකුගේ වැඩක් වගේම දෙයක්.

ඔයාගේ වෙබ් අඩවියේ ඔයා පරිගණක උපාංග දාලා තියෙනවා කියලා හිතමුකෝ. දැන් කෙනෙක් ඇවිත් ඔන්ලයින් ගෙවලා ඔර්ඩර් කරා කියලා හිතමු පෙන් ඩ්‍රයිව් එකක් Rs 2000 වගේ දීලා . දැන් ඔයාට තියෙන්නේ හොද Aliexpress සෙලර් කෙනෙක් හරහා ඒ ජාතියම පෙන් ඩ්‍රයිව් එකක් ඔර්ඩර් කරන එක අර ඔයාගේ වෙබ් අඩවියට ආපු කෙනාගේ විස්තරේ දාලා ( හිතමු ඔයා ඒක 1500ක් ගෙව්වා කියලා ). Aliexpress සෙලර් ඔයගේ කෙනාගේ නමට ඒක යවනවා. ඉතින් ඔයාට නිකන්ම Rs 500 ලාභයි.

හැබැයි ඉතින් මේ වැඩේ එකින් එක කරන්න යනවා කියන්නේ වැඩේ අල වෙන එක 😀 . මේ  Aliexpress drop shipping plugin එකෙන් ස්වයංක්‍රියවම බොහොමයක් වැඩ කරවගන්න පුළුවන් ක්‍රම දෙකක් තියෙනවා. ඉතින් අපි බලමු මොනවද මේ දේවල් කියලා.

පළමු ක්‍රමය ) වෙබ් අඩවියම ඔවුන් හදලා දෙනවා

ඔවුන් විසින් ප්ලගින් එක දාලා ඔයාට වෙබ් අඩවියම හදලා දෙනවා. ඔයාට කිසිම තාක්ෂණ දැනුමක් ඕනත් වෙන්නේ නෑ ඒක නිසා. මේකෙත් පැකේජ කීපයක්ම තියෙනවා. ඉතින් ඔයාට වඩාත් සුදුසු වෙන එකට යන්න පුළුවන්.  පහත තියෙන්නේ පැකේජ වල මිල ගණන් සහ ලැබෙන සේවාවන්.

දෙවෙනි ක්‍රමය ) WordPress වෙබ් අඩවියක් ඔයාට හදාගෙන එකට ප්ලගින් එක දාගන්න පුළුවන්.

මේක ඉතින් ලාබයි. ඔයාට කරන්න තියෙන්නේ වෙබ් අඩවිය හදාගෙන ඒකට මේ ප්ලුගින් එක දාගන්න එක. වෙබ් අඩවිය හදහන විධිය ඉගෙන ගන්න අපේ Blog making in Sinhala ලිපියෙන් ( එම ලිපියේ 5 සහ 7 වෙනි කොටස් අදාල නෑ හොදේ  ). ගන්න ඉස්සෙල්ලා ඩෙමෝ එක පහත ලින්ක් එකෙන් නොමිලේ පාවිච්චි කරලා බලන්න පුළුවන්.

ඔයාට පහත තියෙන වීඩියෝ එකෙන් ප්ලගින් එක යොදාගෙන වැඩේ කරන විදිය ඉගෙන ගන්න පුළුවන්.

Dropshippingවලට ඔබට වැදගත් වෙන කරුණු කීපයක්

ඕනෙම වියාපාරයක් කියන්නේ යම් මට්ටමක අවධාමනක් තියෙනවා කියන එක. මේකත් සාමාන්‍ය මට්ටමේ අවධානමක් ~ ලාභයක් තියෙන වියාපාර ක්‍රමයක් කියන එක මතක තියාගන්න හොදේ.

සැමවිටම ඔබ භාණ්ඩ ගන්න රේටින්ග් හොද සෙලර්ලාගෙන්.

ඩිලිවරි කරන දවස් ගණන සෙලර් දවස් ගණනට වඩා වැඩියෙන් වෙබ් අඩවියේ යොදවන්න.

පේපැල් හෝ විශ්වාසවන්ත ගේට්වේ ( Payment gateway ) එකක් පාවිච්චි කරන්න සල්ලි ගන්න ඔයාගේ පාරිභෝගිකයන්ගෙන්.

ඔබ මිල සදහන් කරදී ඔබට ලාභයක් ලැබෙන විදියට මිල යොදවන්න.

ජනප්‍රිය බඩු මුට්ටු විකුණන්නන බලන්න.

work from home එහෙමත් නැත්තම් ගෙදර සිට කරන්න පුළුවන් high reward earn money online Sri Lanka දේවල් මොනවාද?

ඔයාට ෆොරෙක්ස් කරන්න පුළුවන්. ඒක ඉහල අදායමක් උපයන ක්‍රමයක් ( ඒවගේම ඉහල අවධානමකුත් තියෙනවා ).  ඔයාට Forex Sinhala Tutorial ලිපියෙන් ෆොරෙක්ස් ට්‍රේඩ් කරන ආකාරය ඉගෙන ගන්න පුලුවන්. ඒවගේම Bo වලිනුත් ඉහල අදායමක් හොයන්න පුලුවන් ( මේකෙත් ඉහල අවධානමකුත් තියෙනවා ).

ජය වේවා ! 😎

June 18th, 2019

Posted In: blog, dropshipping, featured

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How to earn money online with Dropshipping in Sri Lanka

How-to-earn-money-online-with-Dropshipping-in-Sri-Lanka

Today will learn about how you can do drop shipping as one of the online jobs in Sri Lanka using Aliexpress drop shipping plugin. It is one of the popular method worldwide and a good way to earn money online in Sri Lanka.

What is exactly Dropshipping?

The process is simple.  Customer place an order in your website. Then you get the details of that order by the customer and place the same order in Aliexpress ( or any other place where you can get it at a lower price that will deliver the item  ). The Aliexpress seller will then deliver the product to your customer. So you are the middleman making a profit with the price difference!

So in order to do it, you need an automated system to make life easier for you. Aliexpress dropship plugin does it for you. So It is a pretty straight forward method. The good thing is these guys offer you two ways to get online as soon as possible. So let's see them, one by one.

Option 01 ) Readymade Custom Store - Go online quickly

One is they offer a ready-made solution so that they will be making your website and you don't have to know anything related to technical stuff. It is available as three packages ( You can choose and use any of the packages depending on your requirement )

Option 02 ) Get AliDropship plugin and setup your own website

First you can install and setup the WordPress website by yourself. Then you can purchase the Alidropship plugin and install it. You can test AliDropshipping plugin before making the purchase too using the demo link below.

Then you can import the products from Aliexpress to your store and start your Aliexpress drop shipping business in Sri Lanka or worldwide. You can refer below video to learn step by step instructions too.

Some useful tips when running a dropshipping store business in Sri Lanka or worldwide

Almost any business carries a certain level of risk. Same applies to dropshipping too. It is kind of a medium risk ~ medium reward business model.

So one important thing that you should remember is to choose highly rated ( So obviously those will be best sellers too ! ) sellers and only import products from them. The reason is a customer is only placing the order from your store while it is the Aliexpress seller that is delivering your item to that seller ( once you place the order you got at Aliexpress manually or using the automated process in the plugin ).

In your website, make sure to add more days for delivery than what you see at Aliexpress ( eg if  your seller delivers the good in 2 weeks, you better put additional days to be on the safe side )

Have a reliable payment method to collect payments from customers such as Paypal or Online card gateway.

Make sure you add enough margin to goods to make sure you make a profit!

Choose popular products so that it will be easier to sell than non commonly used products.

Is there is any other best ways to earn money online in Sri Lanka

Yes, you can find many ways to make money online using our website. For example,  A high reward ~ high-risk model earn money online method is Forex. You can try Forex trading in Sri Lanka using one of the popular brokers from Regulated Forex Brokers in Sri Lanka. Then another method is to trade BO using a Regulated Fx broker. Generally, Forex is high risk so invest only what you can afford to take a risk.

 Good Luck ! 😎

Useful Articles :

Work from home jobs in Sri Lanka - Sinhala

Best way to earn money online in Sri Lanka - English

June 17th, 2019

Posted In: blog, dropshipping, featured

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අන්තර්ජාල රැකියා අවස්ථා – Work from home online jobs in Sinhala Sri Lanka

online jobs in Sri Lanka by Prathilaba

නුතන තාක්ෂණය නිසා ලෝකය විශාල වශයෙන් වෙනස් වෙමින් තිබෙනවා. ඔබ අන්තර්ජාලය නිතරම භාවිතා කරන්නෙක් නම් හෝ මුහුණුපොත වගේ නිතරම පාවිච්චි කරන කෙනෙක් නම් මේ වන විටත්. ඔබටත් එක තේරිලා ඇති. ඉතින් රැකියා වෙලදපොලත් ඒ වගේම වෙනස් වෙමින් තිබෙනවා. බොහෝ දේවල් නිවසේ සිට කරමින් ස්ථාවර ආදායම් මාර්ගයක් කරගන්න පුළුවන් ඉඩ දැන් තියෙනවා. හැබැයි සාමාන්‍ය රැකියාවක් වගේ ඉවසීම සහ කැපවීම මේවටත් ඕන වෙනවා. ( නිකන් උඩ බලන් හිටියට සල්ලි ලැබෙන්නේ නෑ යාලුවේ ! 😉 )

හරි ඉතින් අපි බලමු  නිවසේ සිට කරන්න පුළුවන් අන්තරජාල රැකියා එහෙමත් නැත්තම්  ' work from home online jobs in Sri Lanka ' මොනවද කියලා.

 

1. ෆ්‍රී ලාන්සර් කෙනෙක් ලෙස රැකියාවක් කර මුදල් හොයමු - Earn money online as a Freelancer in Sri Lanka

ඔබට ලිපි ලිවීමේ, ඩිසයින් වැඩ, වෙබ් වැඩ, ප්‍රෝග්‍රෑම් වැඩ, වීඩියෝ සැදීම, උපදේශක සේවා හෝ නිවසේ සිට සැපයීය හැකි සේවා සපයන්න පුළුවන් නම් ඔබට freelancer කෙනෙක් විදියට Fiverr, Freelancer, Upwork හෝ එවෙනි වෙබ් අඩවියක් හරහා ඔබට සම්බන්ධ වෙලා වැඩ කරගෙන යන්න පුළුවන්. ඔබේ වැඩ හොදයි නම්, වෙලාවට වැඩ ඉවර කරනවා නම් සහ එහෙන් මෙහේන් කොපි ගහපුවා නෙමේ නම් අනිවාර්යෙන් නිතරම වැඩ මේ වෙබ් අඩවි වලින් ගන්න පුළුවන්.

2. බ්ලොග් ලියමු - Write Blogs and earn money online Sri Lanka Sinhala

ඔයාට පුළුවන් බ්ලොග් එකක් ලියන්න ඔයා දන්නා දැනුම භාවිතා කරලා, ඉන්පසු google adsense හෝ එවෙනි ඇඩ් නෙට්වර්ක් එකක් බ්ලොග් එකට එකතු කරලා මුදල් හොයන්න පුළුවන්.

How to earn money online with blogging in Sri Lanka කියන සිංහල ලිපිය කියවන්න වැඩි විස්තර සදහා. කරන්න ඕන හැම දේම වගේ ලිපියේ තියෙනවා.

3. ෆොරෙක්ස් ට්‍රේඩ් කරමු - Online Forex Trading in Sinhala, One of the Best way to earn money online in Sri Lanka

ඔයාට අන්තරජාලය හරහා ෆොරෙක්ස් ට්‍රේඩ් කරමින් මුදල් හොයන්න පුළුවන්.  ICMarkets, Pepperstone, Tickmill වැනි ලොව පිළිගත් බ්‍රෝකර් කෙනෙක් පාවිච්චි කරන්න පුළුවන් ෆොරෙක්ස් ට්‍රේඩින් සදහා .

IC Market Forex Tutorial Sinhala හෝ  Tickmill Forex beginner guide sinhala කියන ලිපි ටික කියවන්න ට්‍රේඩින් බ්‍රෝකර් ආයතනයක ලියාපදිංචි වෙන විදිය, කොහොමද ට්‍රේඩ් කරන්නේ කියන දේවල් සියල්ල ඉගෙනගන්න.  ( forex chart patterns සහ candlestick patterns ලිපි ටිකත් කියවන්න ).

තව දෙයක් තියෙනවා කියන්න. ෆොරෙක්ස් ට්‍රේඩින් කියන්නේ ඉහල අවධානමක් සහ ඉහළ අදායමක් උපයන්න පුළුවන් ක්‍රමයක් ඉතින් මෙහි තියෙන ඉහල අවධානම ගන්න පුළුවන් අයට තමයි මේක වඩාත් සුදුසු. ( උදාහරණයකට ඔබ $100 ගිණුමේ තියන් ට්‍රේඩ් එකකට ගියා කියමු. ඔබ අසාර්ථක වුනොත් ඔබට $100ම නැතිවෙන්න පුළුවන් හැබැයි සාර්ථක නම් $150 ~ $1000 වුනත් එම ට්‍රේඩ් එකෙන් හොයන්න පුළුවන් )

4. ඔප්ෂන් ට්‍රේඩින් - Online Options Trading in Sri Lanka

මේකත් ඉතින් ෆොරෙක්ස් වගේ තමා ඊත් ෆොරෙක්ස් වලට වඩා අවධානම අඩුයි. ( උදාහරණයකට ඔබ $100 ගිණුමේ තියන් $10 ට්‍රේඩ් එකකට ගියා කියමු. ඔබ අසාර්ථක වුනොත් ඔබට $10යි උපරිම නැතිවෙන්න පුළුවන් හැබැයි සාර්ථක නම් $18 - $20 ලැබෙනවා. ගිණුමේ ශේෂයට බලපෑමක් නෑ ෆොරෙක්ස් වල වගේ ). ඔයාට ලොව පිළිගත් Binary.com,හෝ Olymp Trade වගේ බ්‍රෝකර් කෙනෙක් පාවිච්චි කරලා ට්‍රේඩ් කරන්න පුළුවන්. BO Sinhala Tutorial හෝ Olymp Trade Sinhala Tutorial වලින් කරන්න ඕන ඔක්කොම දේවල් වගේ ඉගෙන ගන්න පුළුවන්.

5. ක්‍රිප්ටෝ  - Crypto Trading in Sinhala Sri Lanka

මේකත් ඉතින් ෆොරෙක්ස් වගේම දෙයක්. ICMarket වගේ බ්‍රෝකර් කෙනෙක් හරහා  USD/BTC වගේ ට්‍රේඩ් කරන්න පුළුවන්.  මේකත් ඉතින් ඉහල අවධානමක් තියෙන දෙයක්.

6. ෆොටෝ හෝ වීඩියෝ සල්ලි කරමු - Sell Photos and Videos Sri Lanka

ඔබට ලස්සනට DSLR camera එකකින් වගේ ෆොටෝ හෝ වීඩියෝ ගන්න පුළුවන් නම්.මේක තමයි ඔයාට හරියන නියම earn money online job in Sri Lanka. ඔයාට පුළුවන් Shutterstock, iStockPhoto, DepositPhotos  වගේ වෙබ් අඩවි වලට ෆොටෝ හෝ වීඩියෝ  upload කරලා ඒවා කවුරු හෝ මිලාදී ගැනීමේදී ඔයාට අදායමක් ලැබෙනවා.

7. උපදේශක සේවා සපයන්නෙක් වෙන්න - consultant/guru earn money online  Job vacancies in Sri Lanka

ඔයා යම් දෙකට දක්ෂ නම් ඔබට පුළුවන් එම ශේෂ්ත්‍රයේ ගුරුවරයෙක් වෙන්න. අන්තරජාලය හරහා උපදේශක සේවා සපයන්න පුළුවන් Udemy වගේ වෙබ් අඩවි හරහා.

8. ඊ පොත් ලියමු සල්ලි හොයමු - Online ebooks to earn money in Sri Lanka

පොත් ලියලා සල්ලි හොයන්න පුළුවන් වගේම ඔයාට පුළුවන් ඊ පොත් එහෙමත් නැත්තම් ebooks පළ කරලා මුදල් හොයන්න. Amazon හෝ Ebay වගේ වෙබ් අඩවි තුල ඔබට ඔබේ පොත විකුණගන්න පුළුවන්. ඒවගේම ඔයාගෙම වෙබ් අඩවියකත් පොත විකුනන්න පුළුවන් ( බ්ලොග් හදන විදියම වගේ තමයි. ඒ ලිපියත් කියවන්න ).

9. ඩ්‍රොප් ශිපින්ග්  - Drop-shipping earn money online Sri Lanka sinhala

ඔයාට පුළුවන් Aliexpress වගේ වෙබ් අඩවියක බඩුමුට්ටු ඔබේ වෙබ් අඩවියේ විකුනන්න අතරමැදියෙක් වගේ. මේකට ඕන වෙන්නේ ඔබේම වෙබ් අඩවියක්, මුදල් ලබාගන්න ක්‍රමයක් සහ Aliexpress drop shipping plugin එක විතරයි. ඔයාට ඕන බඩුමුට්ටු මේ ප්ලගින් එක හරහා ඔයාගේ වෙබ් අඩවියට import කරගන්න තියෙන්නේ සහ ඔබේ මිල ගණන් එකතු කරගන්න පුළුවන්. ඊට පස්සේ පාරිභෝගිකයා බඩුමුට්ටු මිලදී ගත් පසු ඔයාට තියෙන්නේ Aliexpress එකෙන් ඊක ඔර්ඩර් කරලා පාරිභෝගිකයාගේ ලිපිනයට යවන්න. ( අර ප්ලගින් එකෙන් මේක ස්වයංක්‍රියවම කරවගන්නත් පුළුවන් ). Dropshipping in Sri Lanka Tutorial

10. දැන්වීම් බලමු සල්ලි හොයමු  - Earn money online jobs with paid to click ads.

සමහර වෙබ් අඩවි වල ඔබ දැන්වීම් බැලුවහම ඔවුන් සල්ලි ගෙවනවා. නොමිලේ දැන්වීම් බලලා සල්ලි හොයන්න පුළුවන් Neobux වගේ වෙබ් අඩවි වලින්. සාමාන්‍යයෙන් $0.005 ~ $0.01 වගේ තමයි ගෙවන්නේ එක දැන්වීමකට. මේක ඉතාම ලේසි ක්‍රමයක්, නුමුත් මේ ක්‍රමය හරහා සැලකියයුතු මුදල් ප්‍රමාණයක් හොයන්න නම් strong downline එකක් ඕන වෙනවා. 😎

ඉතින් මේ ටික තමා දැනට ඔයාට සර්තාකව earn money online කරන්න පුළුවන් ක්‍රම. තව ඒවා හොයාගත්ත ගමන් මේකට එකතු කරන්නම්.

ජයවේවා ! 😎

English version of this article : Work from home online jobs in Sri Lanka

June 10th, 2019

Posted In: blog, featured, jobs, par time jobs

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What are the Online full time or part time jobs in Sri Lanka ?

online-jobs-in-sri-lanka by prathilaba

Today will learn about potential work from home online full time and part time jobs in Sri Lanka. Modern technology like high-speed internet connections, smartphones, tabs and laptops have made working from home easier than before. Even things like more and more businesses coming online mean more and more online job offer vacancies in Sri Lanka too.

So let's see a list of possible latest online job vacancies in Sri Lanka but remember that all these jobs do need hard work and patience. If you are already working and at least have some years of work experience then you may have an added advantage guys

1. Become an Online Freelancer -  Full time and part time job vacancies in Sri Lanka

If you are good at content writing in English or even local languages like Sinhala or Tamil you can become a good online content writer locally while if you know other languages like French, German or Mandarin ( or even any popular foreign language )you can find even more opportunities.

If you are good at graphic design, digital marketing or web designing, you can become an online IT freelance service provider easily.  So basically not only those two categories but if you know any service that you can offer remotely, then you can do that too as an online freelancer.

Where can  I find freelancer job vacancies in Sri Lanka as a full time or part time offer?

Online Local work from home job opportunities: First do some projects for your friends and family members ( if you don't have a big portfolio yet, this is going to be the best approach mate ). Then you will be able to get some more opportunities for sure. You can provide most of the local businesses your services from home nowadays ( just write to them via email and if they have an opportunity, they may get in touch with you ! ).  So when you contact local businesses you might get full time or part time offers to work with them remotely! Never give up!

Online Overseas full time or part time jobs from home in Sri Lanka: This is the best part. 🙂 Once you have some work under your portfolio ( if you don't have any, why don't you do some sample work. So that you will be able to convince your potential customers ). You can join sites like Fiverr.com, Freelancer.com, Upwork.com ( formerly known as Odesk ) or similer freelance web sites and offer your services online from home in Sri Lanka!  If you carefully look at those who are already providing services in those sites, you will notice that those who have good reputation tends to get more work than others. So build trust first by offering a good set of services without thinking about the costs for you. Once you reach around 10 - 20 completed tasks, you can slowly increase your fees.

Tip: Once you join the freelance sites for the first time, study how others that offer similer services have listed them self ( look at the profiles or service listing ). Don't copy them as you may get delisted but get an idea from them and make a profile using your own words ( You can find a good content writer from iwriter or from those freelancer sites itself in case you need some better articles )

2. Blogging in Sri Lanka - Top blogging jobs Sri Lanka

You can start a blog on any niche  (eg: If you are an architect, you can start a blog related to 'architectural guidelines for beginners'  ). Include as many articles possible and then keep on writing at least weakly basis. Share them on social media ( also use newspapers or even tv commercials to promote it to get more traffic depending on your budget ).

Then get Google AdSense or similar ad network added to your website. Patience is the key to success in blogging in Sri Lanka. So basically you can do this as a work from home online part time jobs in Sri Lanka. It does not matter whether you do a government or private jobs in Sri Lanka. You can do this as a part-time to make some extra revenue at home.

Once you have enough income from it, probably then you can do it on a full time basis. You can refer our Blog Writing Guide in Sinhala article to learn it step by step as a beginner to blogging.

Also, you can write blog posts or articles for certain websites and make a revenue. Some may pay you a one time fee or a fee based on what they earn from that article. So try contacting reputable websites, blogs or any similar site and see whether they have any opportunity of that nature. If So, you can do it on a part time basis at home!

3. Online Forex Trading in Sri Lanka

You can trade forex online using a reputable forex broker like ICMarkets, Pepperstone, Tickmill or any similarly regulated broker. Generally what you have to do is analyze the price movement of currency pairs or assets ( You can do it using forex chart patterns or candlestick patterns etc.. ), then place buy/sell orders.

The risk factor is high in these types of self-employed like online jobs but at the same time reward is high as well (eg: If you invest $100 per trade and say you are unsuccessful. You may lose up to all of that $100 ( as most brokers protect you from negative balances nowadays) but say you are successful, you might even get $150 ~ $1000 even depending on the price movement with that 100 dollar investment! ).

You can do it as a part time jobs from home initially and then when you are successful, you may do it on a full-time basis. One important thing is don't forget the risk factor involved. So practice in demo. Then invest only what you can afford to lose in case your analysis is not correct for each trade.  You can refer IC Market Forex Tutorial or Tickmill Forex beginner guide to learn more about online trading in Sri Lanka. You can also refer Skrill beginners guide as you will need an e-wallet to receive your earnings!

4. Online Options Trading in Sri Lanka

Same like Forex, You can trade options online using a reputable broker like Binary.com, Olymp Trade or any similarly regulated broker while at home.  The risk and reward factor in bo trading is also high. So trade only using what you can afford to lose.  You can do trading as a part-time job-s in Sri Lanka during your free time.

5. Crypto Trading in Sri Lanka

You can trade crypto ( eg  : BTC/USD  ) online using a reputable crypto broker like ICMarket or any similar regulated broker. You can analyze the charts to make better predictions using chart patterns and candlestick patterns ( similar to forex and options ). Again remember that this is also a very high risk - high reward earn money online job method. So trade wisely.

6. Sell Photos and Videos Online online jobs in Sri Lanka

Are you good at taking photos? got a high-quality DSLR camera?  Then this is for you.  You can take photos and submit to popular photography websites like Shutterstock, iStockPhoto, DepositPhotos and similar photo website. You will receive payments depending on the purchases made by users.  You can try with photos taken using your smartphone or normal camera, if the photo size and quality are good. They may accept your photos too! A nice way to make passive income while at home in Sri Lanka !

You can upload videos to sites like Shutterstock and make revenue.

Photo / Video uploading is one of the good online jobs for students too in Sri Lanka. Many students in other countries tend to do this during free time.

Note: Make sure that you have the full ownership of the photo/video before uploading otherwise you may have copyright issues later on. So think wisely and do guys!

7. Become an online consultant/guru -  Job vacancies in Sri Lanka

Many people need various one to one type of guidance. So set up a website using a freelance web designer in Sri Lanka and then include the consultancy packages/services that you offer. You can also start a Facebook fan page and group too to build your audience and get potential customers.  Sectors that can be provided as consultancy includes healthcare, sales, marketing, business management, educational, pets, online trading, farming, industrial, Artifical Intelligence, Robotic, Crypto and many more!

You can offer consultancy services as a part-time job or full-time job in Sri Lanka.  Some of the services you may be able to offer remotely using modern technology like Screens Sharing apps, communication apps like Viber, WhatsApp etc..

One more thing, You can offer your consultancy services via sites like Udemy too.

8. Write ebooks and sell online - ebook selling top jobs Sri Lanka

Similar to writing books you can write ebooks ( if you are already an author, you can start making online versions of your books and register them accordingly ). Then you can sell them on popular platforms like Amazon or Ebay. Optionally you can set up a website and start selling them directly.

9. Start Drop-shipping Online Business - Selling part time jobs from home in Sri Lanka

You can easily start an online drop-shipping business. Ideal part time jobs from home in Sri Lanka for housewives or those who have free time. One of the good homebasework jobs for you.  You can set up a wordpress website and then use the Aliexpress drop shipping plugin ( Optionally you can get the website also done with them ) to import the products that you are going to sell to your customers.  Add your required profit margin on top of the original price.

How does the order process work in the drop shipping business? Customers place orders and then you can place orders manually or automate the order system so that customer order will be placed in Aliexpress as well. Order will be delivered to the customer by Aliexpress seller and you can keep the margin! The success of the store mainly depends on your customer service, chosen products, and reliability of sellers. So always choose products from best sellers whenever possible. Beginners Tutorial for Dropshipping in Sri Lanka

10. PTC - Paid to click to earn money online jobs

When you view ads on certain websites, they pay you.

Generally, the free paid to click websites pay very low amount like $0.005 ~ $0.01 per ad that you view.  Normally these sites are good to make a side income only if you are good at building a strong downline. Example of a free site is Neobux.

Well PTC or paid to view ads online is also a good work from home job in Sri Lanka if you understand the concept well and do it correctly =)

We will keep on adding more online jobs, as soon as we find them.

So hope these methods will help you to make money online as a home based part time or full-time jobs in Sri Lanka. Good Luck! 😎

Sinhala version of this article : earn money online jobs in Sri Lanka

June 5th, 2019

Posted In: blog, featured, jobs, par time jobs

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Bitcoin Price and alt coins on the rise again ?

bitcoin-price-in-sri-lanka-2

About 18 months ago the bitcoin price was way above 19400 dollars. It did rise fast but at the same time in a short period of time it came down very sharply. Those who read the charts correctly and understood the price action did well with high profits ( well all those who bought at high prices did suffer but if you manage to hold on to them, losses may have minimized.)

Well the good news is that the bitcoin has started rising again. The price is around $8696 at the moment ( You can use a site like Coingecko to learn about crypto currency prices from Sri lanka or worldwide ). So those who bought at lower rates are once again making profits. Try to read and understand the forex and btc charts so that you can get a better idea about price movement in bitcin. When the price is low, you can buy bitcoins from sites like Paxful , Localbitcoins or  Coinmama  ( local cards may not work so use alternative methods )

Altcoin prices seems to be low compared to btc. Ethereum – ETH ( $275 ) , Ripple – XRP ( $0.44) Litecoin – LTC ( $112 ). So you can buy at a lesser risk ( compared to btc ) from a site like Changer or Bittrex ( These are mainly exchanging market or trading market places. So you will need btc in order to get any other altcoin )

Well trading or buying crypto involves risk. So it may not be suitable at all for those are are not able to take a risk. ( if you are in debt or finds difficulty in making day to day expenses. This is strictly not for you mate. )

May 30th, 2019

Posted In: blog, crypto currency

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බිට්කොයීන් මිල යලි ඉහළ යයි – Bitcoin Price Rises again with other alt coins

bitcoin-price-in-sri-lanka

අවුරුදු එකහමාරකට උඩදී ගේ වෙනකොට $19400 වෙනකන් බිට්කොයීන් මිල වැඩිවුනත් පසුව විශාල වශයෙන් අඩුවුණා. ඒ වෙලාවේ වැඩි වීමෙන් විශාල ලාභ ගත්තු අය හිටියා. ඒවගේම විශාල ලෙස අඩු වීමේදී පාඩු වුන අයත් හිටියා ( ඉහලම මිල ගණන් වලදී ගත්තු අයට තමයි මේ ගැටලුව වුනේ. ) .

නුමුත් දැන් අයෙත් $8696 වගේ වෙනකන් වැඩි වෙලා තියෙනවා ( Coingecko  වෙබ් අඩවියෙන් පහසුවෙන් ඔයාට crypto currency මිල ගන්නන් බලාගන්න පුළුවන් ). ඉතින් අඩු වුන වෙලේ අරන් තියා ගත්ත අයට  යලි වාසියක් අත්වුණා. ෆොරෙක්ස් චර්ට් වගේම btc චර්ට් ඒවත් බලලා අවධානමක් ගන්න පුළුවන් අයට අඩු වෙන වෙලාවට ටික ටික අරන් තියා ගන්න පුළුවන්. Paxful හෝ Localbitcoins හෝ  Coinmama වගේ වෙබ් අඩවි වලින් ගන්න පුළුවන් ( ලංකාවේ කාර්ඩ් වලින් නම් බොහෝ වෙලාවට crypto currency ගන්න බෑ . වෙනත් රටක ඉන්නවා නම් ඔයාට පහසුවෙන් එරට ඔයාගේ කාර්ඩ් පතෙන් ගන්න පුළුවන් )

Altcoins වන Ethereum – ETH ( $275 ) , Ripple – XRP ( $0.44) Litecoin – LTC ( $112 ) වගේ ඒවා නම් සාපේක්ෂව මිල අඩුයි තවමත්. ඉත්න් ඒවගේ altcoins වගේ ලොකු අවදානමක් නැතුව අරගන්න පුළුවන්. Changer හෝ Bittrex වෙබ් අඩවියකින් ඔයාට Bitcoin ( btc ) දීලා altcoins ගන්න පුළුවන්. 🙂

මේ හැම දෙයක් තුලම අඩු වැඩි වශයෙන් අවධානම තිබෙනවා.එමනිසා අවධානමක් ගත හැකි මුදල් පමණක් Cryptocurrency  වලට යොදවන්න.  අමාරුවෙන් ජිවත් වෙනවා නම් දැනටමත් ණය වල හිර වෙලා නම් මේවා ඔබට සුදුසු නොවෙන්න පුළුවන්. 😉

May 30th, 2019

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How to choose a Right Broker for Forex Trading and things to know before trading ?

How-to-choose-a-Right-Broker-for-Forex-Trading

Making a choice of broker for conducting trade is an important step, and thus it is necessary to ensure that a well-thought decision is taken.

The forex broker selected for conducting trade should belong to a recognizable and reputable market background and should also possess servers that exhibit high stability. The selected broker should also possess regulation in at least one or two countries. A reputable broker will ensure that the investments made by the businessman are safe and will also ensure smooth trading. You can choose one of the reputable and reliable brokers from recommended forex brokers supported for Forex Sri Lanka Trading.

Basic Terminologies related to Forex Trading

For Forex Trading Beginners it is important for them to be aware of the basic terms that are used while conducting a trade especially when someone chooses to start the Forex Trading from home.

  1. Quote: The currencies within the Forex Trading system are quoted in the form of pairs like EUR/USD, CAD/USD, etc. This quoted pair of currencies is referred to as Quotes. The currencies mentioned on the left side of the slash is referred to as the base currency and the currencies mentioned on the right side of the slash are referred to as the quote currency.
  2. Bid: The bid is referred to as the price which is contemplated to be the best price for buying the base currency in exchange for the quote currency.
  3. Ask: The Ask price is also known as the offer price. It refers to the best price that is available in the market for buying the base currency in exchange for the quote currency.
  4. Long: The buyer chooses to wait for the rise in the prices of the base currency and begins the trade only after the rise in prices begin to happen. This process of buying the base currency at a higher price and selling it at the even much higher price is referred to as the process of going long.
  5. Short: The short refers to the process of selling the base currency after the rate of prices begins to fall and then buying at even much lower prices.
  6. Lot: The currency trading in Forex takes place in a specific size of the unit. This size of the unit is referred to as Lot. The standard size of the trade is 100,000 which can be converted into mini, micro and trading lots.
  7. Pips and Pipettes: A specific method of quoting the currency pairs in 5, 3 or 2 decimal places has been devised by Pepperstone, and these are known as fractional pipettes.
  8. Spread: Spread refers to the difference in the prices of the BID and ASK as per the market quotes. The ASK price is found to be applicable over a Buy order whereas the BID price is found to be applicable over the SELL order.
  9. Leverage: The ability to take control over a large amount of money existing within the forex trade market is known as leverage. Through the use of leverage, the trader or the investor is able to make marginalized profits over the microscopic currency movements taking place on a daily basis and simultaneously risks only a very little amount of capital at a given position. The leverages have found to cause an exponential increase or even a decrease in profits, and therefore the leverages should be used cautiously. The greater the size of the position, higher will be the value of pip which as a result would have a greater impact on the amount of profit or loss incurred.
  10. Margin: Margin refers to the minimum amount of money that is required to present in your account before moving forward to the trading process. The calculation of margin is based on the latest market quote of the base currency of the investor’s or the trader’s account the base currency of the trader’s account. It is also based on the leverage level of the trader’s account as well as the on the volume requested. In mathematical terms, the calculation of margin is carried out as follows:

    $ Margin Required = Current Market Quote*Volume/Leverage

    MT4 / ctrader trading terminals indicates the value of free or available margin.

  11. Margin Call: The margin call is the warning message given to the investor or the trader when his/her account runs out of sufficient funds that are required for the survival of investor in the current open positions in the market. In this case, when the trader's account is devoid of the required funds, he/she is requested to add the additional funds in the account through the means of the margin call. If the trader is not able to maintain an adequate amount of funds within his/her account, then the currently open position of the trader in the market closes down. This is done in order to protect the trader from suffering through negative equity. However, the traders should avoid relying on any such means as it is important to realize the fact that it is not a guaranteed means of protection.
  12. Hedging: It is the process of opening a new position in the opposite direction of an existing position on the same instrument. There is no need of additional margin calls while hedging a position. However, it is important to keep in mind that a trader cannot hedge onto a new position if his/her account does not have sufficient usable funds.
  13. Rollovers/Swaps: Forex trading helps in generation of interest income as well as capital gains. Since the trade in forex considers the involvement of two different currencies being traded in pairs and each of the currencies have their individual interest rate.

In cases where the interest rate of the currency bought by the trader is higher than the interest rate of the currency sold by the trader then the trader is subjected to earn interest or rollover (also referred to as the positive role).

In cases where the interest rate of the currency bought by the trader is lower than the interest rate of the currency sold by the trader then the trader is subjected to pay a rollover (also referred to as negative role).

The rollover/swaps have been found to add to the cost or profit of the trade. The size of the position tends to increase or decrease on the basis of the increase/decrease in the size of the rollover amount.

Tips for trading forex in Sri Lanka

1. Learn the basics of currency trading

Forex trading is not easy So one can learn forex trading and its fundamentals by referring Forex complete Guides like our Forex School or similer guides. You should be regularly checking Forex currency charts, news and should constantly be in touch with reading them inorder to gain a detailed and complete understanding of the forex trading. Also be aware of the basic terminologies that are used in forex trading ( No need to remember them but just get an idea about what each stands for ! ). Also read about famous successful forex traders to learn more about how they traded and became profitable ! Also

2. Organize the trading capital

A large amount of money is not required for starting off with the currency trading because of the margin trading feature offered by the brokers. There is a minimal requirement  in the beginning for setting up the account over the broker platform, or one can even opt for the no-deposit bonus to start off with the forex trading ( If you are looking for a broker that offers free bonus. You can try Tickmill . They offer USD 30 after your first deposit. ). However, it is advised to start off with a deposit of a higher amount in order to ensure a little bit of buffer in case the trader or the investor suffers from losses or your trade goes against the direction predicted by you.

3. Choose a reliable forex broker

Making the choice of a broker is one of the most important tasks for trading online. They help the traders in getting access to the forex market and trade by making online platforms available to them. It is important for the traders to choose the right broker for themselves in order to achieve their financial goals. Before selecting a particular broker, the traders should carry out a comparative study between the different brokers and their feature in order to get the best one for themselves. Some of the factors that should be kept in mind while choosing the broker are regulation, license, currency types offered, demo account offered or not and payment methods offered by the broker.

4. Start by opening a demo account

After the broker has been selected continue the trade with opening a demo account on the broker’s platform. This account is provided to the trade for a specific duration of time. By opening a demo account, the trader gains knowledge and experience of using the trading platform provided by the broker and can also practice trading so that he/she can get prepared for trading on the real platform. The trades done through the demo account does not involve the usage of real money so it is not having any risk like real account.

5. Practice Well

Extensive training is required for gaining expertise in forex trading. Through practice one gains an idea about when to buy or place a sell. It is important to practice on demo account platform for a few weeks or months until you are profitable so that the chances of incurring losses by the trader alleviates. Also, practicing on demo account helps the traders in developing their own trading strategies.

6. Start trading with Real Money

After practicing in the demo account platform, it's time to start trading with the real money. The trader should be able to get a live account by depositing a specific amount of money in the account as recommended by the broker.

There are some strategies that might give you tremendous results while others may not. However, the basic fundamental principle of making profits is to repeat that strategies that help in making profits and avoiding the strategies which don't.  Patience and good Forex money management techniques are important  to minimize losses and maximize profits.

7. Risk and Reward in Forex Trading

You can do Forex at home online or as an online part time job in Sri Lanka.It carries  potential high profits but you have to understand that it carries equally high risk. So forex trading is suitable only for those who can understand the risk factor involved in it.

So trade with patience to be successful like famous forex brokers !

October 25th, 2018

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Beginner’s Guide to IQ Option Forex Broker and Review

Beginner’s-Guide-to-IQ-Option-Forex-Broker-and-Review

Introduction – IQ Option Review

IQ Option was introduced as a trading option in the year 2003, and since then it has been gaining increased attention by a steady number of investors. IQ Option provides a great deal of value to each of its investors. The IQ Option site possesses a high level of transparency and functionality due to which the customers are relaxed as they are aware of the fact that the site is functioning in accordance with the latest financial regulations for conducting trade. It makes use of the intuitive UI interface because of which navigation through the site becomes easy. Also, due to the functional platform and trading application, the use of IQ Option became easy and simplified both for the professional traders as well as the new entrants.

Trading platforms used by IQ Option

There are a variety of trading platforms which are used by the IQ Option users for conducting trade which is as follows:

  1. Contracts for Difference (CFD) on stocks : IQ Option users are provided with the facility of conducting trade through the use of CFD’s on stocks made available to them from around and over 7485 different companies including the most successful businesses as well as listed on NASDAQ and NYSE.
  2. Cryptocurrencies : It lets the user conduct trade through the use of 12 major cryptocurrencies some of which are IOTA, Bitcoin, Zcash, Omisego, Dash, Litecoin, Ripple, Monero, Ethereum, and some others.
  3. ETF’s : The ETF’s functions by tracking commodities, baskets of assets and indices. The ETF’s are traded in a similar manner as the common stocks and provides the traders with the opportunity to choose from approximately 4288 different ETF’s.
  4. Forex : The term Forex is an abbreviation that stands for Foreign Exchange. It is considered to be one of the most popular trading markets and provides access to around 188 currency trading pairs to its users. Forex makes the trade of foreign currencies easy.
  5. Options : By the use of options, the user can form a conjecture on the prices of various assets such as stocks, indices, currencies, commodities, and others. It is contemplated to be a gateway to over 10 million other options.

Signing up on the IQ Option

The method for signing up on the IQ Option site is a simple and straightforward method and can be easily understood by all. It involves filling up the basic details by the user and instantly you can start trading. You can use below form to register free.

Quick Registration Form

or you can register by going to Register with IQ Option

The use of IQ Option for trading is trouble-free for all the users - the experienced ones or the ones who have just learned the fundamentals of Forex trading online. At the start of the trade, the IQ Option requires a low minimum deposit of 10$ USD or British pounds only. Hence among all the other available web trading sites, IQ Option requires one of the the lowest deposits.

Which account to choose - Demo Account, Live Account or VIP account in IQ Option ?

IQ Option keeps the method of trade simple and believes in providing equal opportunities of trade to each one of its users regardless of the amount the user invests in. Three different account levels are available on the IQ Option website which is as follows:

  1. Demo Account: This is risk free virtual money account. You can use this account to learn and practice trading before moving to a real or vip account.
  2. Real Account: This account can be opened by a minimum deposit of $10 and no limiting conditions are placed on trading functionality. Real Accounts provides access to around 70 assets. The users are granted access to the withdrawals that can be processed within the time frame of 24 hours. The user of the Real Account is also capable of participating in various trading competitions that are held on the trading platform. You can upgrade this account to a VIP once you deposit total reaches above $3000.
  3. VIP Account: This account requires a minimum deposit of $3000. Apart from the features provided in the Real Account, a VIP Account user is also provided with a personal manager whose duty is to provide assistance to the traders in case of any queries or issues. The VIP Account user is also provided with a monthly report of trading records of the user made by the platform's analyst and you get higher profitability than in normal account for options. Also, the platform analysts provide feedback to the customers on the basis of their performance. You can refer IQ Option VIP account review for more details.

Forex Trading

IQ Option is contemplated to be the leading provider of the Forex Trading services. The word ‘Forex’ is the short form of ‘Foreign Exchange.’ Within the forex market, inter-trade of various currencies takes place, and a suitable price of the exchange is decided. Forex Trading is considered to be one of the most famous methods of trading and accounts for approximately USD 4 trillion of economic activity on a daily basis. The specific trade prices of currency pairs are listed beforehand which allows the traders to exchange one currency with the other on the basis of their belief on whether the price of the currency will experience a fall or rise.

How to start Forex Trading with IQ Option ?

You can refer below video to get a clear idea about the process of placing trades.

If you chooses to begin with a demo account, then he/she is advised to conduct 100% risk-free trades for getting an idea about the trading process. After getting a suitable experience of conducting the trade the user is advised to continue with the trading process by opening a real trading account ( this account carries a high risk as you trading with actual money unlike demo accounts ) which is required to be funded from an approved funding source ( Skrill or Neteller ). After the account has been funded, you can make trades with as low as $1 per trade.

Forex Trading Ideas

Various trading ideas exists. Below are some of the popular simple trading ideas. You can use one of the methods below or make your own method by learning below methods.

1) Pinbar Trading Idea

2) Support & Resistance Idea

Tip : Generally higher time frameworks patterns are more reliable than lower time frameworks. Also you can use indicators in IQ Option to make your prediction more accurate.

How to deposit and withdraw funds from IQ Option Broker ?

You can use Skrill, Neteller, WebMoney, Advcash or latest payments methods supported by IQ Option & your country to make deposits and withdrawals. ( You may not be able to use debit cards or master cards any longer as they are not supported anymore.)

How to start forex trading from home ? - Online Part time jobs

Forex trading helps the traders or the investors in making money through the means of currency pairs. However, it is important to realize the fact that forex trading for beginners is risky but by gaining complete knowledge about the trade one can make a good earning out of the trade. To start forex trading from home as a full time or online part time job, all you need is a little patience, money for investment, a personal computer and lastly a reliable internet connection. Once the person has got all that is required he/she needs to choose a relaible broker like IQ Option and start trading.

Advantages of Forex Trading

  1. Forex trading gives you the opportunity to learn to trade through the means of a demo account which is similar to actual trading but does not involve real money transactions.
  2. Forex trading is preferred by many traders due to its liquidity characteristic which helps to get high profits.
  3. In forex trading, the role of commissions and middlemen is completely absent or monimum which makes it a preferable method of conducting the trade and makes it the primary choice of trading for traders.
  4. It does not require any fixed size of the lot for starting the trading process. Only a small amount of money is required as the deposit in the demo or live account platform for starting off with the trading process.
  5. Leverage facilitates the trader in keeping the risk capital to a minimum level and can also make tremendous profits along with it.
  6. In forex trading the cost of the transaction is low, and the cost of a retail transaction is less as compared to market conditions, and therefore it is more preferred.
  7. The market in forex trading is an all-time market.
  8. The market in forex trading is free of manipulations ( unlike most stock markets ) due to its large size.
  9. It can be accessed easily anytime and anywhere one wants without any problem due to the availability of web trading platforms on mobile phones. An app has been developed for carrying out forex trading easily through the means of flexible trading options that it provides.
  10. Skrill, Neteller, Webmoney and many more online payment processors are supported.

 Disadvantages of Forex Trading

  1. Forex trading involves a high degree of risk as price movement depends on various factors ( Sudden unexpected event/news can move the price against any open trade !)
  2. PayPal is not yet supported as the method of payment for making deposits and withdrawals to and from the trading accounts by IQ Option. Also most of the debit cards & master cards are no longer  supported
  3. The services of IQOption forex trading are not provided to the citizens of countries like USA, Belgium, Israel, Japan, Sudan, Palestine, Australia, Syria, Iran, Russian Federation, and North Korea.
  4. Driving license are not accepted as a method of identity verification ( Accepts only Passport or NIC in English or any international language ).

Risk Warning

The trading options which are capable of providing a high level of earnings and profits to the traders or the investors also carries a high level of risk along with itself. Therefore, trading is advisable for those who are willing to take risks. If you think you are capable of taking risks then register for free with world's leading broker IQ Option. Learn the trading skills from the information provided to you for free on our trading site and brokers web site. Start with making the demo account, practice and sharpen your skills and develop your own techniques. After you get successful trading on the demo account switch over to live account and live trading and make money !

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

October 25th, 2018

Posted In: blog, forex broker reviews

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What Are Forex News Types That I Should Know Before Trading ?

What-are-Forex-News-types-that-I-should-know-by-Prathilaba

If you want to do forex trading in Sri Lanka, you would need to understand that economic indicators can have a huge impact on the currency market. Economic indicators show the strength and potential of an economy of a country. They provide you with a complete picture of an economy’s current and potential standing with factors like GDP and unemployment rate. Forex traders take interest in these indicators as these indicators help in comprehending the direction forex market might take in future.

A crucial news release related to economies around the world can lead to volatile situations in the forex market and force a specific pair of currency to move in a particular direction. It can be upward, downward, or sideways. Every week several news releases are made associated with various economic indicators and in today’s digital era, everyone can easily access the news and information to understand the mechanism of the forex market in the light of various economic indicators.

News pertaining to the economic indicators can have a huge impact on the Forex exchange. Given below are the main economic indicator news categories that you should know before entering into forex market:

Interest Rates By Central Banks

Every month, several central banks around the world from different economies gather to decide about their interest rates. They decide whether to let the interest rates remain unchanged or raise the rates, or bring down the rates. These interest rates are very important and make a vast impact on the foreign exchange market.

When there is an increase in the interest rate, the market usually takes a bullish trend and that means there will be an increase in the value of the currency. On the other hand, when the interest rate is brought down to a lower level, the forex market is expected to take the bearish trend, which means that there will be a decrease in the value of currency price. For unchanged interest rate, the market can take any direction based on the circumstances of the concerned economy at that time.

Along with the change in interest rate, the policy statement is also released providing with the complete sum-up of the economy and what could be the future of the economy. In addition, the monetary policy of the economies is also declared, associated with the essential financial matters of the country.

Gross Domestic Product or GDP

The Gross Domestic Product is a very crucial factor representing the overall economic condition of a country. Basically, GDP is the total value of all goods and services that have been produced by a country over the course of a period of time like annually. GDP does affect the price movements of the currencies in the foreign exchange market.

When the gross domestic product of a country is not up to the expectations of the market, it can be said that the currency values might go down. Similarly, when the GDP of a country is beyond what the market has been expecting, the values of the currency is expected to move upwards. Th GDP figures are diligently evaluated by the forex traders as it also helps in recognizing or anticipating the future moves of the central banks.

GDP is also a very significant economic indicator as it helps in identifying the current situations of the business cycle of a country. The business cycle is kind of a combination of expansion and recession cycles. During the expansion phase, many sectors of the economy expand or grow together, and in the recession phase, the growth rate of those sectors starts to contract.

Thus, GDP is a leading factor is analyzing the foreign exchange market. As a forex trader, you must be aware of it and you must also understand that it is a lagging economic indicator which confirms the things traders are already expecting.

Consumer Price Index - CPI

The consumer price index or CPI shows the cost of goods and services and is also recognized cost-of-living index. CPI helps in managing and controlling the rate at which prices of the good or services rise or fall. The CPI appraise the inflation rate (the rate at which the price of goods and services rise in an economy) which is a part of people’s lives through their everyday expenses. When there is any sign of a rise in the inflation rate, it means the central banks will have to increase the interest rates. Higher interest rates mean the bullish trend in the market.

When inflation stays inside the anticipated levels, it is regarded as a regular figure. Nevertheless, if inflation swerves farther from the target levels for a longer period of time than expected, it can result in a negative outcome for the economy.

CPI is a part of monetary policies, as a result, it can have a higher effect on prices in the forex market.

Non-Farm Payroll - NFP

For a majority of forex traders, non-farm payroll or NFP is one of the most crucial indicators in the all the news releases that come out on regular basis like every month. The NFP report is released by Bureau of Labor Statistics (BLS) on the first Friday of every month. The BLS also declares the unemployment rate as a component of the Employment Situation Report. The report comprises of the data figures for the new jobs which have been created in the US together with some other labor market information. The data comprises of all the workers that have been paid, however, the data leave out the government workers, personal households, non-profit establishments, and agricultural industry.

The main reason behind why NFP is so important and is followed so industriously is because it has a propensity to bring substantial movements in the forex market.

It partly depends on the timing of the release of the report.

There is a close relation between employment rate and the business cycle. The changes in NFP or non-farm payrolls is quite similar to the changes in GDP on a quarterly basis. It means that NFP can be utilized as a proxy in place of GDP. The main difference between NFP and GDP report is that NFP is released on a monthly basis and GDP report comes out on a quarterly basis. In addition, while NFP reports the data of the last month, and GDP reports the delayed information. Apart from the connection between NFP and GDP, NFP report also has the impact on monetary policy of the economy and in which direction the policy will move.

ADP National Employment Report

The ADP National Employment Report comprises the economic data concerning the levels of non-farm private employment in the U.S.A. The report is released on monthly basis. ADP stands for Automatic Data Processing, which is also the firm that has been accumulating the employment data and preparing the reports since the year 2006. ADP gathers the data using the payroll facilities and services it delivers to the about 1/5th of the U.S. private employment.

The ADP report comes out two days before the NFP report released by the Bureau of Labor Statistics. Traders in the forex market look at the ADP report as a preview of the more extensive and elaborated reports that are released by the government.

The overall ADP report is categorized in 4 distinct parts:

  1. The first category comprises of a national snapshot which displays the changes in the data figures non-farm private payrolls and divides the data based on business size and industry.
  1. The second category comprises of the data figures of the small businesses, which is further divided on the basis of small and very small sizes of the businesses, and is also divided based on whether the business delivers goods or services.
  1. The third category shares the data regarding the franchises and divided the data based on the sector, which is further divided into the industry like restaurants, real estate, and so on.
  1. The fourth category shares the data based on regions and it mainly highlights the data changes in six prominent states of the USA including New York, Texas, California, Florida, New Jersey, and Illinois. Each region is further divided into sector and industry.

One of the other reasons for why ADP is such an important indicator for forex traders is because if the employment figures show a continual and strong growth for a period of time, it escalates the inflationary rates and because of that, the Federal Reserve may also increase the interest rates and vice-versa. This will impact the forex market depending on the market situations and economy’s present and potential standing.

FOMC - Federal Open Market Committee

Even though the meetings of central banks from different economies are very crucial when it comes to economic indicators affecting the forex market price movements, the Federal Open Market Committee of America is also very important and its meetings have taken the center stage as the US Dollar is at the moment most powerful currency in the world.

Every month the FOMC meeting takes place in order to decide on rates and to provide information about present economic conditions, how effective the current monetary policy is, and what are future expectations from economic conditions and monetary policy.

FOMC meetings can have a vast impact on the volatility of the forex market. The Federal Open Markets Committee meetings are conducted eight times every year and the outcomes of these meetings are highly anticipated by the forex traders as these meetings can affect the demand and supply of the currency pairs in case the outcomes is not as expected.

Trade Balance

The trade balance is the difference between the value of the imports and exports of the economy of a country. If the value of exports is higher than the value of imports, the balance will be positive. Similarly, if the value of imports is more than the value of exports, the balance will be negative. In all of this, the exchange rate of the economy’s currency plays a very big role.

To trade successfully in the forex market, traders need to know the exchange rate and the information about a country’s net exports can help the forex traders in analyzing and predicting the future movements in inflation rate and foreign investments. This gives the hints about how the currency market may behave in future.

Trade balance comprises of three main factors:

  • The monetary value of goods produced in a country
  • Tax and duties applied the goods that have been exported and imported
  • The foreign exchange rate between the currencies of two economies.

The foreign exchange rate between two countries is the most fundamental factor for forex trading in Sri Lanka. As the trade balance of an economy relies greatly on the exchange rates between two countries, the trade balance is a main economic indicator for the foreign exchange market. A country’s trade balance is also crucial in measuring the net income of the country through foreign trade

The trade balance helps the economists and forex traders in evaluating and comparing the economic strength of one country to another. If a country has a large trade deficit i.e. large negative trade balance, it would have to borrow the funds from other trading partners in order to buy goods and services. The Trade balance reports can create substantial movements in the forex markets if the data has evidential changes as compared to previous reports.

Retail Sales Report

The proper name for retail sales is Advance Monthly Sales for Retail Trade. However, for forex traders, it is retail sales. The retail sales report is released by the Census Bureau, which is a division in the U.S. Department of Commerce.

This report provides with an early estimation of the value (in dollars) of sales for the retail sector. Although the sales do not include inflation rate adjustments. The report also shows the percentage change in the value of sales from the preceding month.

If the retail sales figures are growing, it shows that the economy is in good health and as a result, forex market takes up the bullish trend. The usage of the retail sales report in forex trading is clearly understandable as the report offers the very particular data about the industries and products on which customers are spending a large part of their income. Retail sales report is one of the most valuable economic indicators in the forex market and using this indicator, the forex traders can surmise the price movements in the forex market to some extent.

If you want to learn about how these economic indicators are useful in forex market analysis, you can refer to ‘ Fundamental and Technical Analysis in Forex Trading ’.

In addition, if you are interested in knowing about forex brokers in Sri Lanka, you can go to, ‘ Where to trade Forex Online and type of Forex brokers ? ’.

Some of the Best Forex Brokers

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October 18th, 2018

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