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The Most Famous Antagonists That Played A Forex Trader In Movies

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The Most Famous Antagonists That Played A Forex Trader In Movies

It’s interesting how much we can find out about the world’s history through movies and mainly its economic side thanks to Wall Street, which has inspired the film industry since 1929 (yes!). It will continue to do so as we see significant technology changes, especially after the recession and rise of cryptos. But, let’s see who are the greatest antagonists in the movies we know and ones that should be on our movie list. Some are rather unexpected although they are playing forex traders, since the accent is on the other side of the personality, but is it that disconnected from their job? Is it a consequence of capitalism? Let’s see some top antagonists, who people either love or hate in the movies. 

The Wolf of Wall Street (1929) and The Wolf of Wall Street (2013)

Believe it or not, even though DiCaprio pushed for this film to be made and was impressed by Jordan Belfort’s story, there was another Wolf of the Wall Street called Jim Bradford, a world-class stock manipulator. The Academy Award-nominated George Bancroft played him. Imagine playing such an exciting role where, months before the market crash when the Great Depression started, portrayed the world of obscenity, madness, and manipulation to gain more and more. It’s important to mention the film had sound since it was still a new thing to have talking movies. 

Compared to Dicaprio’s role, there is not much difference if you tell apart different periods. The drive is the same – get more, earn more, be more recognizable and ultimately feel the consequences of this way of life. While Bradford is a real antagonist, Belfort doesn’t seem like that at first. Mostly since he redeemed himself in real life by still working, staying away from suspicious activities – it looks like he learned his lesson after losing almost everything he cherished. Even though we don’t look at Dicaprio’s role as antagonistic, we are witnessing someone with a simple drive leading a better life to become the antagonist in the end, even though he didn’t have bad intentions in the beginning. Is it what Wall Street can bring you if you get money too fast, and don’t process it? And how do you process becoming rich in such a short time?

2. Wall Street (1987)

Don’t worry, not every movie about the stock market has “Wall Street” in the title. This movie is essential antagonist-wise because it depicts the 80s excess where Gordon Gekko is the main antagonist ruthlessly running the corporate market. Charlie Sheen took on Gekko’s protegee Bud Fox’s role, and famous Michale Douglass plays Gekko. You can hate the character of Gekko since many real-life traders inspire him, but in the end, the industry is portrayed with a sentence that follows that kind of life, when Gekko says “If you want a friend, get a dog”. Nobody is your friend if you are working with money.

3. Boiler Room (2000)

Boiler Room is a must – watch a movie for every broker who’s just starting. The main character, Seth Davis, You will not come across a broker who hasn’t seen it or at least heard of it. The antagonist in the movie is the whole brokerage company that Giovanni Ribisi joins, after being busted for running an unlicensed casino. Even though his first job was quite sketchy, he quickly realized what he got into was far more sinister and robbed clients. This movie is based on real experiences. Since writer and director, Ben Younger interviewed many brokers to write the best screenplay he wanted. By the end of the movie, the question is, how far people are willing to go to secure their finances and what becomes too much?

4. American Psycho (2000)

The most famous antagonist where often people don’t even think about Patrick Bateman, played by Christian Bale is an investment banking executive. Yes, we see his “perfect” life and all the expensive things he owns, but we instead connect it with his psychopathic character rather than his job. As he descends into his madness led by his alter ego, in the end, we have to ask ourselves, what is this movie really about? It is still speculated by many is it merely someone with an illness represented in an unorthodox way. Still, maybe it’s another way to show how far people can go if their character is already prone to instability once they gain “everything that is wanted by many”.

5. Margin Call (2011)

Margin Call depicts a whole day before the 2008 financial crisis. There are many big stars in the movie from Kevin Spacey to Jeremy Irons and Zachary Quinto. The film was meant to show us, by the director’s words, the tragedy of lost potential and how manipulated a system can be. 

6. Arbitrage (2012)

Richard Gere was nominated for a Golden Globe Award thanks to his portrayal of Robert Miller, a hedge fund manager who goes on a trip trying to cover up his company’s frauds. He desperately tries to sell his company before everything gets revealed, but life gets in the way, and he becomes even more on the edge when unfortunate events unfold. 

In conclusion

What do you think? Is the case of antagonists in this line of job natural or bound to become one? Maybe it’s both? Where would you draw the line if you were in the same position?

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Finance

Amazing Facts You Must Know About How to Acquire your Credit Card with Instant Approval

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The way to get a credit card has become a lot easier for Indians than it was in the past. The Reserve Bank of India has come up with a number of regulations to urge people to get into the credit card culture, as a way towards “Digital India”. The aim is to work towards transparency in monetary and financial transactions and to eliminate the evils of corruption and fraud, including scamming in the banking industry, and the financial world overall. With a huge influx of credit card inquiries in June/July 2020, after lockdown rules were lifted, the Reserve Bank of India was inundated with credit card transactions from over 50 million Indians. This was happy news for the country that faced one of the most intense economic downturns, due to businesses virtually shutting down due to COVID-19 lockdown restrictions.

Indeed, this was the situation all over the world, but considering India was just trying to get on its economic feet before the lockdown, analysts predicted a slow recovery. The use of credit cards showed that people were ready to spend, and businesses were getting back on their feet. More Indians in small towns were applying for credit cards and were finding the process easy. Now, you can also apply without hassles for credit cards. Apply online, and get quick approval so your card gets processed at the earliest. This is called instant approval and makes the incentive to obtain a card all the more attractive.

The Reserve Bank of India’s new rules

Effective October 2020, the Reserve Bank of India introduced new rules and guidelines for Indian credit card users, ahead of the Diwali season. With the intention of making payments by such tools more secure, India’s head bank did this to address and detect real-time fraud in digital transactions. The directions issued fall under Section 10(2) of the “Payment and Settlement Systems Act, 2007”, the bank claimed in its order. By default, all new credit cards issued would be enabled for use only within India and not abroad, though this facility could be activated by the bank issuing the card. Also in the notice, it was announced that cards that have never been used would be disabled. Furthermore, customers would have more control over their cards by setting individual cash limits. With cards like the Bajaj Finserv RBL credit card, you can get access to such cards online, and you can even get instant approval if you apply for them. 

Instant approval

Instant approval for your credit card comes after you apply for it online. With the Reserve Bank of India’s moves to shift processes online for the sake of transparency and authentication, this system works for potential cardholders as well. Here are five things you should know about how you can acquire instant approval when you apply for your credit card online:

  1. You can submit an application online with details that are verified electronically by the bank or credit card company, and you can get quickly approved for a credit card.
  2. This is a contactless approval system.
  3. This approval system, though mostly done digitally and remotely, will require some documentation such as your Aadhaar card, PAN Card, driver’s license, or passport.
  4. You will need to be at least 21 years of age (in some cases, 25 years of age).
  5. You will need to submit proof of sound and regular cash flow into your bank account.

You can avail the advantages offered by the Bajaj Finserv RBL Bank SuperCard, which gives you control over a card with four great functions. The card can get you loans of up to 3 months. Interest charged for EMIs that let you buy items on monthly installments is a mere 1.16% per month. Get instant approval by applying online for this truly super card that gets you rewards and cashback deals of 5% on your first down payment. You get exciting rewards on spends, plus a welcome bonus. With reward points, you can potentially save up to 55,000 INR per year. Last but not least, the card can be used as an ATM cash card free of charge for 50 days!

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Finance

How Does A Demat Account Work For Earning Online?

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Thanks to the Demat account, the scale and speed of investing and trading in securities have reached a remarkable level today. The number of investors and traders is gradually increasing because Demat has made investing procedures completely online that is convenient for every individual. There are around 4 crore Demat accounts in India in 2020. This figure shows traditional investors of gold, real estate, and fixed deposits are also moving towards equities and derivatives. Let us find out how a Demat account works and helps you to earn money. 

What is Demat Account?

A demat is an online system that allows an investor to store his/her financial securities like stocks, bonds, ETFs, and other securities in electronic form with stockbrokers who are registered with any of two national depositories – NSDL and CDSL. The establishment of depositories and introduction of Demat accounts has reduced the transfer time of securities, lowered transaction fees, eliminated fraud deliveries, risk of delays, and theft, hence, attracted more investors and traders. Before the development of demat accounts, stocks and other financial securities were available in physical form only. Storing securities in physical form was highly risky and unsecured. Hence, demat accounts have made investing and trading more secure and convenient. 

How Demat Account Works?

A demat account can be said similar to a savings account where you store cash with a bank. A demat account stores the financial securities of the account holder with a depository participant (DP)/stockbroker registered with the national depository. When you buy a security, it will be credited to your demat account and, when you sell it, it will be debited from your demat account. Savings account, demat account, and trading account, these three accounts must be interlinked for investing and trading activities.

SEBI Regulations

The Securities and Exchange Board of India (SEBI) has made it mandatory to have a demat account if you intend to invest or trade in the stock market. It is mandatory to dematerialize physical securities if you have any. You can open a demat account online for free following an easy process. SEBI makes necessary changes in rules and regulations from time to time such as demat account opening charges. SEBI has mandated the brokers to submit their tariff structure every year to the Depository with which they are registered. 

Participants in the account opening process

  1. Depository

Depositories are NSDL and CSDL. They are responsible to maintain securities in the demat accounts. They hold the demat account on an investor’s behalf.

  1. Depository participant (DP) 

You can open a demat account with DP, called stockbrokers. A DP can be an NBFC, a bank or a brokerage firm, or a one-person company that is registered with the NSDL or CSDL. They act as an intermediary between the depository and the investor.

  1. Bank 

Your savings account should be linked with your demat account. The money to buy securities will be used from your bank account. Your securities will be credited to your demat account. 

Depository Participant’s Support 

Whenever an individual opens a demat account with a Depository Participant (DP), he is advised to check what services it is offering to their clients. 

  • Check how well a DP helps you secure your information.
  • Check the kind of technology the broker has to keep your account safe.
  • The type of resources it offers to beginners.
  • What types of securities you can hold in the account.
  • How well it educates its clients to earn online and with which type of educational offerings – through videos, podcasts, forums, or financial articles.

A demat account offers the facility of automatic credit of shares, arising out of split/bonus/consolidation etc. It allows you to receive non-cash corporate benefits such as bonuses, rights shares, etc. 

So, you have seen how a demat works and it is more beneficial if you open a demat account and trade with the right participant depositors.

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Finance

Equipment Financing – 5 Steps to Apply And Vital Benefits

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Equipment financing is availed to either upgrade to a new version or revamp a broken piece. The buying and revamping of equipment are one of the key aspects of business operations in India. Every small and large business may have some equipment and financing one at the right time may lead businesses to newer heights. 

However, if you don’t have the required money to do that, you can rely on equipment financing.The facility is available in India from leading lenders. You can apply for business loan online and get a considerable amount as per your eligibility and lender’s policies. 

On that note, you can check out the benefits of applying for the equipment financing and simple steps to apply for it online!  

What are the benefits of equipment financing?

 

  • Large loan amount of up to Rs.45 lakh 

 

You can avail a considerable loan amount of up to Rs.45 lakh and fund your working capital needs. The loan amount can also be used to buy or upgrade to new equipment – something that may give wings to your firm. 

 

  • Unsecured loan 

 

You don’t need to submit any collateral to get the approval for the equipment financing. If your CIBIL score is 750 and more, you can get the approval for the unsecured equipment financing at a lower rate. In turn, it can help you repay reduced EMIs. 

 

  • Flexi loan facility 

 

The Flexi loan facility is offered by leading financial companies in India. Under the Flexi loan facility, you are free to use a portion of your total loan limit. You can withdraw an amount out of your total loan limit as many times as possible. The best thing is that you only need to pay the interest on the utilised amount as the EMI. This way, you can pay up to 45%* lower EMIs. The remaining principal amount can be repaid at the end of the tenor. 

 

 

  • Easy to meet eligibility and documentations 

 

Applying for the equipment financing in India does not mean running from pillar to post to know about the eligibility parameters and documents needed. It is because the precise eligibility norms and document lists are mentioned on lenders’ websites. One can go through the same and be better prepared. 

You are now aware of the benefits that the equipment financing can offer to you. You don’t have to worry if you wish to apply for business loan. Let’s check out the standard ways you can follow to apply for the equipment financing in India. It may differ from lenders to lenders.   

  1. Browse the website of the lender that you wish to apply for the equipment financing with. 
  2. Land on the equipment financing page and click on ‘Click Here’ to apply option. 
  3. Once done, a new online loan application page will open. 
  4. You will be asked to enter a few of your mandatory details on the online form and click on ‘Submit.’ 
  5. The representative of the lender will contact you with an offer that is suited best for you. 

You can land on the website of the creditor that you wish to apply the equipment financing with. It is because the application procedure may vary from lenders to lenders.

For availing the best possible equipment financing, you can compare all loan options. You can do that on a lender’s website and pick one that suits your needs and budget the most.    

Bajaj Finserv offers pre-approved offers on business loans, personal loans, home loans and more. It is to simplify loan processing and make it less time-consuming. You can check out your pre-approved loan offers today after sharing your basic details like your name and mobile number.      

 

   

       

 

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