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How to Send Form Data Using Axios Post Request In React
React is the leading programming language used by developers globally. More than 8,787 industry leaders were using React.js in 2020. Hence, multiple developers prefer to go for React and Javascript. Multiple encoding types can be used for non-file transfers. Form data: One of the encoding types allows the files to be incorporated into the required form data before being transferred to the server for processing. Some other encoding types used for the non-file transfers include text/ plain, application/x-www-form-urlencoded, etc. Moreover, Bosc Tech has a skilled developers who have developed various react application using React. Hire skilled React developers from Bosc Tech for your next project. While multipart or form-data allows the files to be included in the form data, text/ plain sends the data as plain text without encoding. It is used for debugging and not for production. The application/x-www-form-urlencoded encodes the data as query string — separating key — value pairs assigned with “ = “ and other symbols like “&.” All these encoding types can be added to the HTML using the “enctype” attribute in the following way: <form action=”/path/to/api” method=”post” enctype=”multipart/form-data”></form> These encoding types are used with HTML “<form>” tag. The default setting works well with the different cases; this attribute is often missing. Axios Axios is the promise-based HTTP client for Node.js and browsers. It makes XMLHttpRequests from the browser and HTTP requests from Node.js. Further, it supports the “Promise” API and can intercept responses, requests, etc. Axios can cancel requests, transform requests, and response data, automatically transform for JSON data, and offer client-side support to protect against “XSRF.” Axios is dependent on a native ES6 Promise implementation to be supported. It is easy for the users to polyfill if the system doesn’t support the ES6 Promises. Further, it is heavily inspired by the “$ http service” offered in “Angular JS.” More or less, Axios is an effective method to offer a single “$ htttp” like service for using it outside AngularJS. Browser support: Edge, IE, Opera, Safari, Mozilla Firefox, Google Chrome, etc. Also, check out our article on 4 ways to Set Input Field After Rendering in React. Common request methods: Some of the common request methods in Axios are: axios.patch(url[, data[, config]]) axios.put(url[, data[, config]]) axios.post(url[, data[, config]]) axios.options(url[, config]) axios.delete(url[, config]) axios.head(url[, config]) axios.get(url[, config]) axios.request(config) Common instance methods: Some of the available instance methods in Axios are: axios#getUri([config])v axios#patch(url[, data[, config]]) axios#put(url[, data[, config]]) axios#post(url[, data[, config]]) axios#options(url[, config]) axios#head(url[, config]) axios#request(config) axios#delete(url[, config]) axios#get(url[, config]) 1. Installing Axios: Axios is commonly used to send HTTP requests over the “fetch()” command. For different Node projects, it is easy to install Axios using “npm.” npm install axio or yard add axios The other way to install Axios is to include it in CDN directly or download the files to the system. The library in markup is included like: <script src=””https://cdnjs.cloudflare.com/ajax/libs/axios/0.27.2/axios.min.js”"></script> 2. Setting “enctype” with HTML and Axios: It is important to set the encoding type to send the multipart data or files through form data. It is easy to set the default global encoding type with Axios, which enforces all Axios requests in multipart/ form — data encoding type in the following way: axios.defaults.headers.post[‘Content-Type’] = ‘multipart/form-date’; The encoding type can be defined for separate individual requests by altering the “headers” in the following way: axios.post(“api/path”, formData, { headers: { “Content-type”: “multipart/form-date”, }, }); The third way to set the encoding type is to set the “enctype” in the “<form>” of a specific form. Axios adopts the following encoding type in the following way: <form action=”/api-endpoitn” methot=”POST”, enctype=”multipart/form-date”> 3. Axios and Express: Let us consider the case where a simple form with two inputs is created in Axios and Express. One is used for the user to submit their name, and the other one is used to select the profile image in the following way: Name : <input type=”text” name=”username” placeholder=”Enter Username”> <br> <br> Select a file : <input type=”file” name=”userDp” placeholder=”ChooseProfile Picture”> <br> <br> <button type=”submit”> Submit </button> If Axios is not used in the program, the default set of events unfolds. Pressing the “Submit” button will send a “POST” request to the “/update — profile” endpoint of our server. This default behaviour can be overridden by attaching an event listener to the button and preventing the unfolding of the default events. A simple example of attaching the event listener, preventing the default behaviour, and sending our form data using Axios is mentioned below. It is easy to customize the request before sending it out and altering the headers as all Axios requests are entailed synchronically. const form = document.querySelector(“form”); if (form) { form.addEventListener(“submit”, (e) => { e.preventDefault(); const formData = new FormData(form); axios .post(“/update-profile”, formData, { headers: { “Content-Type”: “multipart/form-data”, }, }) .then((res) => { console.log(res); }) .catch((err) => { console.log(err); }); }); The request is forwarded to the “http: / / localhost : 5000 / update — profile” endpoint with dedicated upload support files when the form is filled and the “Submit” button is clicked. It all comes down to the endpoint, which receives and processes the request. 4. Express Backend: The REST API is spun using Express.js for the backend support. Hence, developers can focus on development than on the different setups. This technique sets the server and handles requests. Express is expandable with middleware and works on minimalist coding. It becomes easy to expand the core functionality of Express by installing simple or complex middleware. Express can be installed using “npm.” The “express — fileupload” middleware can be used for simple file handling with Express. The simple technique for the same is: npm install express express-fileupload Let us start a server and define the endpoint that accepts the “POST” to “/update — profile.” const express = require(“express”); var fileupload = require(“express-fileupload”); const app = express(); app.use(fileupload()); app.use(express.static(“public”)); app.use(express.urlencoded({ extended: true })); app.post(“/update-profile”, (req, res) => { let username = req.body.username; let userPicture = req.files.userPicture; console.log(userPicture); res.send(` Your username is: ${username}<br> Uploaded image file name is ${userPicture.name} `); }); app.listen(3001, () => { console.log(“Server started on port 3001”); }); The “req” request passed through the request handler carries data sent by the form. The body contains all data from the different set fields like the “username.” All the files created are located in the “req” object under the “files” field. Further, it is easy to access the input “username” through “req . body . username.” The uploaded files can be accessed using “req . files . userPicture.” The following response is received in the browser console when the form is submitted with the HTML page: If information like encoding type, file name, and other information is required, it is easy to log the “req. files .userPicture” to the console. Wrapping Up: Hence, it is easy to understand the Axios post request to send form data. Axios is the leading asynchronous HTTP library that is used to send post requests carrying the file or multipart data. The REST API is used to handle the request. It accepts the incoming file and other form data using the “enctype” attribute. This attribute is set with Axios.
Top 8 Best ParseHub Competitors and Alternatives
If you're looking for a comparably priced (or free) web scraping software alternative to ParseHub, look no further! In this blog post, we'll introduce you to some of the top ParseHub competitors. Each of these web scraping tools has its own unique set of features, so be sure to read up on each before deciding which one is the best fit for your needs. Happy scraping! 1)PromptCloud Web scraping software PromptCloud is one of the most popular web scraping software that helps you extract data from websites in a quick and easy way. With PromptCloud, you can turn any website into an API in just a few minutes, making it easy to get the data you need without having to code or use complex tools. PromptCloud also offers a variety of features that make it unique among web scraping software, including the ability to schedule crawls, set up alerts, and download data in multiple formats. Whether you're looking for data for research or need to monitor a competitor's website, PromptCloud can help you get the information you need. 2)Octoparse Web scraping software Octoparse is a web scraping tool that enables users to easily extract data from websites. With Octoparse, users can collect data from online sources with just a few clicks. Octoparse has many features that make it an valuable tool for web scraping, including its ability to handle dynamic web pages, login systems, and anti-scraping measures. Octoparse is also easy to use, with a user-friendly interface and detailed instructions. Overall, Octoparse is a powerful and user-friendly web scraping software that can be used to collect data from online sources. 3)ParseHub Web scraping software ParseHub is a web scraping tool that enables users to collect data from websites. It is easy to use and requires no programming skills. Simply enter the URL of the website you want to scrape and ParseHub will do the rest. The software will extract data from the website and store it in a format of your choice (e.g., JSON, CSV, XML). You can then access the data offline or use it for further analysis. ParseHub is an invaluable tool for anyone who needs to collect data from websites. It is fast, efficient, and easy to use. 4)Webscraper. io Web scraping software Webscraper. io is a web scraping tool that enables you to extract data from websites and store it in a format of your choice. The software is easy to use and can be used for a variety of purposes, such as research, lead generation, and competitor analysis. Webscraper. io provides a free plan that allows you to scrape up to 500 pages per month. The paid plans start at $99 per month and allow you to scrape unlimited pages. Webscraper. io is a versatile web scraping tool that can be used for a variety of purposes. 5)ScrapeHero Web scraping software With ScrapeHero, you can easily set up a crawler to extract data from any website and save it to a spreadsheet or database. ScrapeHero also allows you to schedule regular crawls to keep your data up-to-date. In addition, ScrapeHero provides a visual editor so you can see the data being extracted in real-time and make changes on the fly. ScrapeHero is the perfect tool for anyone who needs to collect data from websites. 6)Zyte Web scraping software Zyte ( formerly ScrapingHub) is a web scraping software. Zyte has all the features that you need to scrape the data that you need from websites. Zyte is easy to use, efficient and fast. With Zyte you can scrape websites with ease and get the data that you need in a format that is easy to work with. 7)Apify Web scraping software Apify is a web scraping tool that enables users to transform websites into structured data. It offers a simple and user-friendly interface that makes it easy to get started with web scraping. Apify also provides a wide range of features, including the ability to schedule scrapes, extract data from Javascript-based websites, and handle CAPTCHAs. Additionally, Apify integrates with a number of popular data analysis tools, making it easy to visualize and analyze the data that you've collected. Overall, Apify is an excellent choice for those who want to get started with web scraping. 8)Mozenda Web scraping software Mozenda is a web scraping application that enables users to collect data from websites automatically. With Mozenda, users can specify the data they want to collect, and the software will do the rest, extracting the information and saving it in a format of their choice. Mozenda is particularly useful for extracting large amounts of data from websites, making it a valuable tool for businesses and researchers. In addition, Mozenda can be used to automate repetitive tasks such as filling out online forms. As a result, it can save users a considerable amount of time and effort. Conclusion: ParseHub is a powerful web scraping tool that can be used to extract data from websites. It has some great features and is easy to use, but it does have some competitors. If you are looking for an alternative to ParseHub, or if you are just curious about what else is out there, here are some of the top ParseHub competitors & alternatives.
Rarible Clone Script - Create Your Own NFT Marketplace like Rarible
Many fintech entrepreneurs are getting attracted to the NFT Marketplace platforms because of the popularity of Non-Fungible Token (NFT) which also becoming a money-making opportunity for many investors, startups, and business people. Building an NFT marketplace like Rarible is a billion-dollar revenue-making project. So, the people who are interested in this business can start their own NFT marketplace and earn a huge margin as a profit. As many startups and entrepreneurs are getting into the NFT sphere, the NFT marketplace clones like Rarible are grabbing more attention. Let’s dive into this topic. Rarible Clone Script: Rarible Clone Script is a ready-made NFT marketplace clone script that helps to launch your own NFT marketplace like Rarible with similar features and functionalities that let creators create, buy, and sell their digital collectibles with blockchain technology that provides ownership in their digital works. This script is completely customizable, which means you can add or remove features based on your requirements. You can build your own Rarible clone software on various blockchain networks such as Ethereum, Binance Smart Chain, Polygon, Flow, Tezos, Solana, TRON, and more. Features of Rarible Clone script: - Blockchain-powered - Multi-Wallet support - Search mechanism - Diverse collectibles - Copyrights breach - Data storage - Simple and intuitive UI - Community governance - Voting mechanism - 100% decentralized - Advanced filters 6 Unique Features of Rarible Clone Script: Here, are the six major features that you can include in your Rarible clone script are, - FREE NFT creation - Connect with NFT artists - Make your Ethereum NFTs carbon-negative - Follow favorite collectors, artists, and friends - External royalties collection - Floor bids NFT marketplace development solutions for Various Industries: - Art - Music - Videos - Metaverse - Sports - Real-Estate - Supply chain - Comics - Media - Entertainment Where to get the best Rarible Clone Script: Nodalsoft Technologies, a leading NFT marketplace development company offers the best Rarible clone script that helps you to launch your own NFT marketplaces like Rarible for global finch entrepreneurs, startups, and enterprises. Not only rarible clone scripts, but they can also offer various NFT marketplace clone scripts such as, - OpenSea Clone Script - Axie Infinity Clone Scrip - Crypto Punks Clone Script - Binance NFT Marketplace Clone Script - Wazirx NFT Marketplace Clone Script - eBay NFT Marketplace Clone Script - Solanart Clone Script - Solsea Clone Script - NFTrade Clone Script - NBA Top Shot Clone Script - Enjin NFT Marketplace Clone Script - Polygon NFT Marketplace Clone Script
Study of Smart Contracts: Concept and Evolution
What is a smart contract In 1996, Nick Szabo proposed the concept of smart contracts in the article “Smart Contracts: Building Blocks For Digital Markets”. The so-called “contract” is something like a clause or a contract, which records the conditions of occurrence and the corresponding executed clauses to support operations such as confirmation of rights; the so-called “intelligence” means automation and programmability. Therefore, Bridge Smart Contract Development Services is a programmable contract, and it can also be understood as a self-executing clause contract. In a computer, it is a self-executing program fragment. It is easier to save the contract, and it is run by a certain algorithm. Given the input, the corresponding output is obtained, which greatly guarantees the execution of the contract. Using the vending machine analogy can help us better understand the core features of smart contracts. When the user selects the goods to be purchased and completes the payment, the shipping logic will be triggered, and the user can get the desired goods, and this process does not require manual intervention, which saves the labor cost of selling goods. If you want to break this contract, you have to physically destroy the vending machine. Like POS card swiping machines, EDI (Electronic Data Interchange), etc., this analogy can also be used. Smart Contracts and Blockchain Smart contracts were proposed in the last century, while blockchain was born in 2009. By definition, smart contracts have little to do with blockchain. So why have smart contracts and blockchains been so closely related in the past 10 years? Because the blockchain can ensure that the smart contract cannot be tampered with, not only the contract content cannot be tampered with, but also the record of each call. The most basic premise for smart contracts to generate value is to have a strong underlying medium for storage, so that it cannot be physically damaged. However, the ontology of a smart contract is a piece of code, which is very easy to be tampered with, and how to provide a strong storage medium for it becomes a problem. This is exactly what the blockchain is good at solving — through the practice of Bitcoin, Cross chain bridge development it has been proved that the blockchain can make electronic records immutable in a distributed environment. At the same time, smart contracts are also feeding the blockchain, which greatly expands the business scenarios of the blockchain. After being combined with smart contracts, the blockchain no longer serves a single currency payment, and can be extended to all aspects of life. The rich application scenarios also pose new challenges to the capabilities of the blockchain. Blockchain 2.0: The Birth of Ethereum Bitcoin, born in 2009, uses technologies such as blockchain to ensure the ecology, creating the era of blockchain 1.0. Users can customize some things through script code, such as how to unlock a fund. These script codes are saved with the transaction, thus enjoying immutability and determinism. So from a certain perspective, these scripts can also be regarded as smart contracts. But they don’t work well. First, these script codes are not Turing-complete, which limits the functions that can be implemented; second, the development threshold is high, and the experience of writing complex logic will be poor, such as writing programs with JVM bytecode. In 2013, a young goddess Buterin proposed Ethereum, the core of which is to update and verify blockchain data through the state of the world. The biggest difference between Ethereum and Bitcoin is that complex logical operations can be performed through smart contracts. On Ethereum, the language of smart contracts is Solidity, Build a cross chain bridge which is a Turing-complete and relatively upper-level language, which greatly expands the capabilities of smart contracts and reduces the difficulty of writing smart contracts. Because of this, the birth of Ethereum also marks the beginning of the blockchain 2.0 era. Subsequently, smart contract technology has gradually penetrated into multiple business scenarios such as traceability, certificate storage, and supply chain. Status and Prospects of Smart Contracts From a programming perspective, a smart contract is a piece of code. Smart contracts have many differences and limitations compared to regular code, such as: single thread execution Code execution consumes resources and cannot exceed resource limits It is currently difficult to obtain off-chain data, such as weather information, game results, etc. Other restrictions like TPS These characteristics make the current smart contract ecology center on the governance of on-chain resources. Just like various ERC standards and governance schemes on Ethereum; there are various resource models on EOS, such as CPU, RAM, concurrent economic model, Rex, Bancor protocol, etc. Obviously, as far as the current ecology is concerned, the influence of smart contracts on the real world is limited. But things are always evolving. At present, there have been many researches devoted to breaking these limitations, typically Oracles (oracles, but often referred to as oracles), which allow smart contracts to interact with off-chain, which can greatly improve the use of smart contracts In the scene, it seems that a computer is connected to the Internet; for example, those attempts to break through the performance bottleneck of the chain itself, such as payment channels, cross-chain, plasma, and rollup, all break the shackles of security and performance from different angles. Undoubtedly, smart contracts will play an increasingly important role, and with the implementation of Ethereum 2.0 in the future, a new blockchain era may be opened. Smart Contract Technology Ethereum adopts Solidity as a smart contract language, Solidity is a high-level programming language created to implement smart contracts that can run on nodes that allow Ethereum programs. The language absorbs some features of C++ and JavaScript, such as it is a statically typed language, supports inheritance, libraries, etc. In addition to Solidity, the smart contract technology of each platform is also different. Next, we will introduce the technologies adopted by other platforms from the public chain and alliance chain. Smart contract operation analysis The function of this Solidity code is to access the _num field. This field is called a “state variable” and is persistently stored by the blockchain. Users can deploy this code on Ethereum or similar blockchains. Successful deployment means that the smart contract can no longer be modified. As long as the underlying blockchain is not destroyed, the contract will always exist. Anyone can call the contract interface through the “contract address”, and the information of each call will be recorded on the chain. Before explaining how this code works, let’s review how a traditional java program works. First, after the user compiles the java code, Build a token bridge it will be saved on the disk in the form of bytecode; then the user will call the program, which is managed and executed by the JVM; during the execution of the program, the call parameters may be recorded through the log, and the Disk for IO. Solidity’s implementation is similar. The difference is that the medium is changed from hard disk to blockchain, and from stand-alone to distributed. After the code is deployed, it is stored on each node in the form of bytecode. When a user requests to call a function, the call request will be included in the transaction and packaged into a block. Once the entire network reaches a consensus on the block, it means that the call is legal. Next, the EVM will call the bytecode, which is responsible for accessing the underlying state variables, just like traditional programming IO. Epilogue This article introduces the concept and historical evolution of smart contracts. Smart contract is a technology proposed in the last century, which has radiated new vitality under the wave of blockchain. On the contrary, the extensive application scenarios of smart contracts have greatly promoted the development of blockchain. To learn smart contracts, it is recommended to choose Solidity language, because it has the characteristics of some traditional languages. At the same time, the execution environment is completely based on blockchain, and the actual business development experience will be different from the previous programming experience. Readers can try to quickly build a blockchain environment based on FISCO BCOS, deploy a simplest contract, become familiar with the deployment and invocation methods, and then further enter the world of Solidity.
How Does an eCommerce Business App Work? A Complete Guide
If you're like most people, you probably have a love-hate relationship with technology. On one hand, it's amazing how much it can help us accomplish and connect with others. On the other hand, it can be frustrating when things don't work the way they're supposed to or we can't figure out how to do something. That's where online business or eCommerce business apps come in. These tools help you automate repetitive tasks, stay organised, connect with customers, employees, and much more. But with literally thousands of options to choose from, it can be overwhelming to know where to start. What is an Online eCommerce Business App? An online eCommerce business app is a software application that helps businesses automate tasks, manage customer relationships, and stay organised. There are apps for just about everything, from accounting and invoicing to project management and customer support. While many business eCommerce software’s are designed for use on a desktop computer, an increasing number are available as mobile apps that can be used on a smartphone or tablet. This is especially convenient for small businesses to manage their operations. Online Business Apps benefits: There are tons of great reasons to use online eCommerce business apps. Here are just a few: 1. They can help you automate repetitive tasks: If you're doing the same thing over and over again, there's a good chance there's an app that can help you automate it. This can save you time and energy so you can focus on other tasks. 2. They can help you stay organised: It's hard to run a business if you're constantly losing track of important information. Online eCommerce business apps can help you keep track of your to-do list, customers, appointments, and more. 3. They can help you connect with customers and employees: In today's world, it's important to be able to connect with your customers and employees online. eCommerce business apps can help you do this by providing a platform for communication and collaboration. 4. They can help you save money: Many online eCommerce business apps are free or have very affordable monthly plans. This can save you a lot of money compared to traditional software programs, which can be quite expensive. 5. They're easy to use: Unlike complex software programs, online eCommerce business apps are usually quite simple and easy to use. This makes them a great option for small businesses that don't have the time or resources to invest in training employees on how to use new software. What to look for in an online eCommerce business app: When you're looking for an online eCommerce business app, there are a few things you should keep in mind: 1. Ease of use: The app should be easy to use and understand. It shouldn't require a lot of training to use it effectively. 2. Affordability: The app should be affordable, especially if you're a small business owner. There are a lot of great free options out there, so you shouldn't have to break the bank to find a good eCommerce business app. 3. Functionality: The app should offer the features and functionality you need to run your business effectively. Make sure it has all the bells and whistles you need before you commit to using it. 4. Customer support: If you have any problems with the app, you should be able to easily get in touch with customer support. They should be responsive and help you resolve any issues you're having. 5. Security: Make sure the app is secure before you input any sensitive information, such as your customer's credit card information. The last thing you want is to have your data hacked. 6. Compatibility: The app should be compatible with the devices and software you're using. You don't want to invest in an app that won't work with the equipment you have. 7. Reviews: Before you invest in an app, take some time to read reviews from other users. This can give you a good idea of what to expect from the app and whether or not it's a good fit for your needs. 8. Free trial: Many business apps offer a free trial so you can test them out before you commit to using them. This is a great way to see if the app is a good fit for your business. 9. Recommendations: Ask other business owners or entrepreneurs for recommendations on which apps they use and why. This can give you some great ideas on which apps to try out. Now that you know what to look for in an online eCommerce business app, it's time to start shopping around. There are a lot of great options out there. Why Choose Growcify: There are a lot of great out there, but Growcify is one of the best. Here's why: online eCommerce business apps 1. Growcify is easy to use: Growcify is designed to be easy to use, even for those who are not tech-savvy. You can get started quickly and start using it to run your eCommerce business effectively. 2. Growcify is affordable: Growcify is very affordable, especially when you compare it to other online eCommerce business apps. You can get started for an affordable amount, which is a great deal. 3. Growcify is feature-rich: Growcify offers a lot of features and functionality, including everything you need to run your eCommerce business effectively. You won't find a better app for your needs. 4. Growcify has great customer support: If you have any problems with Growcify, you can easily get in touch with customer support. They're always responsive and help you resolve any issues you're having. 5. Growcify is secure: Growcify is a secure app, so you can feel confident inputting your customer's credit card information. You don't have to worry about your data being hacked. 6. Growcify is compatible: is compatible with the devices and software you're using. You can use it on your computer, laptop Growcify, smartphone, or tablet. 7. Growcify is regularly updated: Growcify is regularly updated with new features and bug fixes. This ensures that you're always using the latest and greatest version of the app. 8. Growcify has great reviews: If you're still not sure about Growcify, take some time to read the reviews from other users. This can give you a good idea of what to expect from the app. 9. Growcify Set up within 24 hours: Growcify's team will set your eCommerce business with the app within 24 hours. This is a great way to get started quickly and see how Growcify can help your business. 10. Growcify is always improving with constantly updating new features: The Growcify team is constantly working on new features and improvements. This ensures that you're always using the best possible version of the app and get all the relevant functionalities in the market. Why Growcify? Growcify is a SaaS platform that helps businesses with quick and easy eCommerce setup within 24 hours. It supports interface elements, custom features, friendly UI themes, and ePOS with a complete no-code solution. This eCommerce website and app development platform is easy-to-access and user-friendly, and you can also get access to unlimited features in minutes. Growcify makes your business grow online along with the same functions and functionalities of other platforms. On the other hand, it helps you scale your growth and revenue. Also manage customers, subscriptions, inventory, orders, and shipments without extra charges or effort. If you're looking for an online eCommerce business app that offers everything you need to run your eCommerce business effectively, then you need Growcify. It's easy to use, feature-rich, affordable, and comes with great customer support. Setup only takes 24 hours, so you can get started quickly and see how Growcify can help your business grow. Try Growcify.com today and see the difference it can make for your business.
Tricks to Make Money with Copy Trading Platforms
Copy trading platforms are extremely popular due to the ease of use of the automatic system that copies the trades of experts. This success, however, is overshadowed by the numerous negative online comments. As a result, it is reasonable to ask, "Do you really earn money with these platforms?" How to Lose Money When Using the Copy Trader Platform I can't give you an exact answer, but I'm sure the majority of traders lose money. How do I know this? Since 2016, I've been promoting several brokers, and the statistics in my affiliate program control panel show that: ► Approximately 45% of new traders who open a real account stop trading within a week. ► Approximately 25% quit within a month. ► Approximately 10% quit within six months. ► Only 20% of traders are still investing. I have serious doubts that 20% will match the number of winning traders. Why? Still comparing affiliate program statistics, some traders who continue to deposit funds with some regularity. So, if a trader is profitable, I suppose it is pointless for him to continue depositing. Obviously, these are just hypotheses, because I can't see how much a trader earns or loses on the control panel. In this analysis, I'd like to play devil's advocate by assuming that only 10% of investors actually profit. But now I'm curious about how this 10% makes money! Look for mistakes made by copiers. I started a discussion with 100 people who complained in British and especially foreign forums to understand their flop. Aside from two respondents who spoke negatively about a popular broker, I discovered from this survey that: ► All dissatisfied traders have used the copy trading platforms at least once, but none have used the program for more than ten days. ► They all began with small amounts of money. more specifically (rounded amounts). ► 82 started with a capital of 200 €/$, 7 with 250 €/$, 4 with 300 €/$, 3 with 400 €/$, and 4 with 500 €/$. ► All 100 have never planned to diversify their investments. ► 84 traders entered the markets with no intention of determining the best times to trade, consulting an economic calendar, or gathering economic news. ► At most two "experts" have been copied by 76 traders. ► 61 traders have only invested in a single currency pair or financial asset. ► 48 traders have redeposited, paying a maximum of 50 to 200 euros. ► 27 traders exited the platform before even seeing the results of their trades. ► Nobody has ever talked to the trader they were impersonating. That's terrible! I am not surprised that 90% of those polled lose money. Given the fact that trading is not a secure investment, To make money with copy trading platforms, you must do the exact opposite of what these 100 investors did. User Manual Even if learning how to use it only takes 5 minutes. It is critical to study it in stages. ► Trading, simulating real-world markets. ► Experiment with issuing stop orders (authentic parachute). The traders you emulate are human beings who make errors. ► Market intervention (especially in real life). You can change orders and log out at any time with copy trading programs. ► Choose carefully who to imitate. Each trader you copy has a personal card that contains information about his trades and characteristics. The program displays the ranking of the best traders by asset category; however, this ranking is skewed due to the trader's popularity. In fact, the platform does highlight the best traders in the top positions, but they are also the ones who interact the most with the community. The first traders you'll come across are those who publish multiple posts and frequently participate in social trading discussions. Your objective is to find at least five traders, each specializing in a different currency pair or financial asset and having a different risk appetite. Each trader's investment capital must also be diverse. While it is incorrect to distribute the same amount to each trader you copy, An Investment Diversification Example ► Invest 100 euros in Trader 1, which specializes in the EUR/USD exchange and operates with 1:100 leverage at low risk, with gains ranging from 10 to 20%. ► Invest 50 euros in Trader 2, a Litecoin specialist, with a leverage of 1:200 and a high risk. ► Trader 3, gold specialist, low leverage, high payout ratio, 80 euros invested ► A Trader 4 index specialist receives a 70-euro investment. ► Invest 95 euros in Alibaba shares with Trader 5, a specialist. (*) You can balance profit and loss by planning your strategy from the demo by selecting five traders with different characteristics. Plus, even more importantly, no more than 10% was invested in any single trade. You must choose unwilling traders to increase your profits. ► To the overtrade. ► Scalping. ► High leverage. ► Deadly Sins One flaw with these platforms is that traders earn a commission for each trader who copies them, allowing them to do frenzied scalping. If the trader you are copying makes a string of bad trades, this will have a negative impact on your investment. Furthermore, if you started with a small deposit, this trade will quickly deplete your account. This type of trading is very popular, so if you want to make money, you must have an emergency fund on hand. The second and most important trick to making money with copt trading is to have enough capital to invest. Again, based on the statistics generated by the affiliate program's control panel, the traders who continue to operate have the most capital. This supports the theory that the greater the capital invested, the greater the likelihood of profit. In fact, the winning traders account for 10% of the pie. They all deposited more than $1,000. How much money should be invested and why? The minimum recommended trading capital for any platform is $1,000. However, these programs are insufficient. Why? The main issue for those who invest little money in this program is that they risk being forced out of the market right away. Because you understand this, simply select a single trader who scalps and trades with high leverage, and you can rest assured that you will receive a margin call alert from the broker in less time than you say. With low capital, your operations are limited to those that require less than the entire amount. Gains and losses are always proportional, but the real issue is that your trading is restricted. To protect your money, you cannot afford to invest more than 10% of your capital in a single trade. You have the following advantages by depositing 1200 euros (minimum recommended capital): If you have 1000 euros to invest (max 10% for each trade) and 200 euros as an emergency fund in case your traders make poor decisions. Review and compare copy trading platforms at acorn2oak-fx.
How do Bitcoin scams work? And What will you do if you fall victim to Bitcoin Scams?
In Bitcoin scams, thieves take money from victims who actively invest in or use the new digital currency for transactions. How do Bitcoin scams work? Getting your lost money back from cryptocurrency fraudsters may be challenging because crypto assets aren't regulated or monitored by the government. Unfortunately, this is also the cause for the increasing number of scammers who fearlessly enter the cryptocurrency industry and prey on the unsuspecting ones. It is now up to the end-users to safeguard their assets. The following categories best describe cryptocurrency scams: Getting into someone's wallet: Bitcoin scams involve attempts to get into the target's digital wallet by acquiring their account login credentials. Additionally, scammers will attempt to access sensitive data, such as security codes, or they may even try to access actual hardware. Directly transfer or steal bitcoin: In these scams, fraudsters move cryptocurrency from the victim's wallet to their wallet by impersonating someone else, creating false business opportunities, or other nefarious means. What will you do if you fall victim to Bitcoin Scams? Ultimately, there are several ways to adopt when investigating a suspected Bitcoin Scam, depending on the circumstances. These options include investigating and pursuing the case through law enforcement, pursuing it through a private prosecution, or pursuing it through civil courts. Implementing compliance bitcoin tracing methods can augment any of these options. It's crucial to move promptly. But, first, consider reporting the purported fraud to Morgan Financial Recovery, which offers a thorough reporting process and more in-depth information. You can take further actions to help the investigation of your fraud allegations. Law enforcement authorities may or may not investigate the alleged fraud after receiving a report, depending on the factors that they’ll evaluate when determining whether to pursue the case. Therefore, it's crucial to think about the actions you can take to support any ensuing inquiry. Consider extra assistance by asking a specialized private business to investigate one of your alternatives in this area. For example, bitcoin scam recovery companies ought to carry out a compliance investigation that, if required, can be utilized to aid in civil or criminal private prosecutions and for additional actions under the law enforcement. The advantages of using specialized technologies are that it lets you follow fund transfers and collect evidence in a way that should also be admissible in any later cases with services provided by specialized businesses. It should theoretically be feasible to attempt to track all transactions and then provide evidence of the trails of any alleged fraudulent conduct because the blockchain (where all cryptocurrency transactions are kept) is a visual record. Conclusion: This article covered some of the problems dealt by victims of the Bitcoin Scam, and how Bitcoin scams work out there. The fact is that con artists frequently develop new fraudulent tactics. Hence, we take our users' account safety and protection very seriously. Before signing off, here’s a reminder that you should always report any suspicious account activity to Morgan Financial Recovery.
METAVERSE – THE WONDERS OF THE ONLINE PHENOMENA
Think of a virtual world in which people live, work, shop, and interact with others -- all from the comfort of their own spaces in the physical world. This is known as the metaverse. Metaverse is a new technology, an improved version of an augmented reality that enables several people to share a collaborative, and immersive virtual space. The recent announcement by Facebook, now Meta, (NASDAQ: META) was created for a virtual universe that integrates each of its services. Various companies like Disney, Qualcomm, Nike, and Microsoft have shown immense interest in it. The metaverse market supposedly is projected to grow at 45.2% CAGR from 2024 to 2030, according to the latest Market Research Future report. DIFFERENT APPLICATIONS Owing to its appealing features and multiple benefits, metaverse has a wide range of applications such as, Healthcare- Considering the arrival of the latest 5G technology, telemedicine may attain new horizons. Using AR in the metaverse, healthcare can supplement maximum people’s requirements across the globe. For example, during an eye exam, doctors can use tools and devices from the metaverse to facilitate the diagnosis. Through this technology, ophthalmologists can capture the patient’s eyes through a three-dimensional view and also make use of sensors for collecting vital signs. Along with pre-operative pictures from 3D scans, MRI, and CT, AR headsets are utilized for viewing crucial real-time patient data like respiration rate, blood pressure, body temperature, and heart rate. Besides, physicians and nurses, AR can also be used by everyone for vein identification. Manufacturing- With the use of virtual reality, there are less chances of accidents taking place. A manufacturer will not be required to spend time or money educating new employees as this will be looked after by VR training. This technology also helps to create better products as every element can be examined through a VR goggle. Manufacturers can also create flooring through virtual reality. Military Applications- The military application of VR and AR have faced a considerable breakthrough. TAR (tactical augmented reality) is a technology that appears akin to NVG (night-vision goggles), but with high functionality. This may display the precise location of a soldier along with the position of hostile forces and ally. A synthetic training environment again is an AR system that has been designed for offering a realistic training experience via putting them in psychologically and physically demanding combat settings. Education- Through a VR headset, students are highly motivated to learn. With the help of this technology, teachers can develop a highly effective classroom environment. This also allows incorporating of any language in the software thus solving the issue of language barrier. Investment- Metaverse can fundamentally change the standard through which we socialize with others. The metaverse is the next big investment theme and the stock sectors are already benefitting from it. Metaverse - a virtual world for immersive experiences where people across the world can meet, play, watch, and trade - has gained traction this year after major companies. ACTUAL PERKS OF METAVERSE Metaverse will offer people with novel capabilities and new opportunities which they have not yet known. Affordability of Various Products and Experiences- Metaverse will boost up the affordability of different products and experiences radically thus giving the common people access to luxuries. Metaverse will allow humanity to travel the world virtually with superior quality interaction with families in distant places, and more. Also, most of the jobs which were earlier accessible only locally will now be accessible globally or nationally as remote work will be far better than it presently is over Slack or Zoom. This novel wave of information ultimately will develop huge new job markets. Development of New Possibilities- Metaverse will launch new possibilities which currently do not exist. Within a span of a few years through rapid VR development, people will have access to new possibilities that will offer much more than entertainment value. Sustainability- The metaverse will prove to be an immense boon for sustainability. By attending social gatherings, schools, and workplaces virtually instead of physically, people will indeed save precious resources. In short, the metaverse is the merge of the physical and virtual space. This possesses the potential of overcoming the limits that people experience in real life. This technology is surely here to stay for good! Source: metaverse market