Published on: 30 October 2018
Last Updated on: 04 November 2024
Every online trader knows that reading a candlestick chart is just part of their skillset. Without it, you won’t be able to glean all the information you need about the market in mere seconds. And while other charts offer a lot of data about stocks, trends, and market movement, candlestick charts are quite popular thanks to their ability to condense a lot of information in their structure and the way the body, color, and shape of the candlesticks are represented on the chart. To help you get up to speed with this important concept here’s a breakdown of candlestick charts as well as a guide to doji candlestick pattern.
Unique Candlesticks:
Shaped like a candle, data on the chart are represented by a candlestick shape called the body. That body could be hollow or filled each denoting a different piece of information. There’s also the long thin line above and below the body. They are called “shadows” and refer to the high and low ranges of the price. The top shadow represents the high end of the price while the bottom one is for the low range. A hollow body represents a stock that closes higher than its opening price. In that case, the top shadow refers to the closing price while the bottom shadow represents the opening price. On the other hand, a stock closing lower than its opening price is represented as a filled body with the bottom shadow depicting the closing price while the opening price is represented by the top shadow. Thus it is easier to interpret the candlestick charts compared to other charts and learn more about the market trading with just one look.
Bodies Long and Short:
When you look at the chart and see a long body you can tell right away that there’s a lot of trading on that stock. The opposite is true of short bodies where little price movement is involved. Whether the body is black or white also tells you more about the kind of pressure the stock went through. A long white body means the buying pressure was extreme. They refer to a bullish wave and you should take a closer look at the big picture to make a good decision regarding this stock. Along black body is the exact opposite. It means the opening price declined and selling is rather aggressive. It’s not a good sign for that stock and you might see a panic in the market.
Shadows Long and Short:
Since the shadows represent the highs and lows of the session, there’s a lot you can tell about the session by just observing those top and bottom shadows. Short shadows mean that the majority of the trading was restrained and within the opening and closing prices. Long shadows, on the other hand, mean that prices swung wildly going beyond the open and close. So if you see a long upper shadow and a short bottom one you can conclude that buying was aggressive of this stock with high bid prices but later the highs were tampered leading to a weak close. The same can be read from a short upper shadow and a long bottom one. Selling was dominating the trading of this stock but toward the end of the session buyers forced the prices up giving it a good close.
Doji Pattern:
Doji is another candlestick that represents neutral patterns. However as part of the big picture they can provide a lot of information. You need to take into account the preceding price and future confirmation in order to decide whether the doji points to a bullish trend or a bearish one. A doji means the open and close of the security were equal. But both the previous trend and following candlesticks can change that neutrality. A long white candlestick followed by a doji can mean the buying pressure is easing off. The same applies to a long black candlestick followed by a doji. It means the selling is not as aggressive as before and there won’t be a panic. In general, doji mean the market is stable and both the supply and demand are even around that security.
Candlestick charts are a valuable way to get a lot of information about the trading of a certain stock. It’s a valuable asset in your trading arsenal and will help you become a more successful trader.
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Did you know that four out of five business-to-business (B2B) marketers are using mobile marketing? It’s true! Mobile video has become an essential part of any successful marketing strategy. The rise of apps, social media, and other forms of mobile consumption has given marketers more ways to get creative with their video content.
But it’s not always easy to figure out what video content will work best for your business. And it can be even harder to find the time and money to create that content and make sure it gets in front of the right people.
With more companies adding mobile marketing strategies to their toolbox, it's important to understand the many ways to use B2B video as a component of your marketing strategy. Simply put, mobile video is where your customers are — and it's a great way to reach them with the right message at the right time in their buying journey.
While marketers have been quick to embrace social media marketing, many are still struggling with how to best incorporate video into their overall digital marketing strategy.
While we could certainly spend an entire day telling you about this topic, we're going to boil it down to 4 of our favorite ways to use mobile marketing in a B2B marketplace
1. Social Videos
One way to use video marketing is by creating social videos. These are short, bite-sized pieces of content that are perfect for sharing on social media.
You may often think that you need to create one big long brand story and then push it out into the world, but in reality, you need to be thinking about producing a whole lot of smaller pieces of content.
For example, when you're starting to think about launching a new product or service, create a series of quick videos that help illustrate why people need it or how to use it.Videos shared on social media are a great way to develop a deeper brand identity, and they are generally already optimized for mobile viewership. Take advantage of the opportunities that social media trends offer to get your custom video message in the face of the consumers that you are seeking to reach.
2. Add Video to Sales Meetings
Sales meetings are prime opportunities to show off your brand’s personality and make a personal connection with prospects. But they can also be difficult to schedule — and even more difficult to keep interesting once you do meet with a prospect. So what can you do? Get creative with video!
Instead of relying on typical Powerpoint slides or printouts for your sales meeting, create a short video about your company, its products, and its mission. This approach is one of the best ways to use video in your business-to-business marketing strategy — because it can help build relationships from the start of the sales process.
3. Use Mobile Video Marketing for Lead Generation
Video is an extremely versatile tool that can be used for any part of the sales funnel, from lead generation all of the ways through the final sale and into post-sales maintenance of your customer relationships.
For lead generation, you'll want to create videos that showcase your product or service in a way that's engaging but also informative. Video content is more valuable than ever.
Not only does video marketing have a major impact on lead generation and on converting leads into customers, but it also can be used in a variety of ways to help you get your message across. The more effectively you can communicate your value proposition to prospective customers, the more leads you can generate.
4. Make Your Calls-to-Action Prominent and Easy to Use
If someone wants to get in touch with you — whether it's on your website or in response to your email — make sure you're giving them every opportunity to do so by clearly displaying your contact information (including phone number.)
You want prospects to be able to contact you easily on the go — especially if they're having trouble using their desktop or laptop computers at the moment. Your call to action should always include a simple way for potential customers to continue their journey down your sales funnel — and contacting you is a major step forward.
If you represent an enterprise-level business looking for a sophisticated solution or a smaller business looking for an easy, effective way to create high-quality video content as part of your marketing strategies, mobile marketing is the smart way to go.
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When it comes to digital marketing, automation tools are no longer just a futuristic concept; they have become a fundamental part of the marketer's toolkit.
Automation not only enhances efficiency but also brings a level of sophistication and precision to marketing campaigns that were previously unattainable. To explore its applications further, here’s a look at how automation tools are transforming the field of digital marketing, backed by facts and recommendations that may not be commonly known.
The Emergence of Automation in Digital Marketing
The digital marketing world is inherently fast-paced and dynamic, with an ever-growing need for more efficient and effective strategies. This is where automation tools step in. They are designed to automate repetitive and time-consuming tasks such as email marketing, social media posting, and ad campaigns.
But apart from streamlining repetitive and time-consuming tasks, there are several other ways in which automation tools have impacted the field of digital marketing. These are as follows:
Enhanced Personalization and Targeting
One of the most significant impacts of automation in digital marketing is the ability to personalize content at scale. With advanced data analysis capabilities, automation tools can segment audiences more precisely and tailor messages to meet the specific needs and interests of different groups.
This granular approach to targeting not only increases the relevance of marketing messages but also boosts engagement rates. For instance, automated email marketing campaigns are known to result in a 70.5% higher open rate and a 152% higher click-through rate compared to standard emails, as per Campaign Monitor’s data.
Streamlining Marketing Operations
Automation tools streamline various aspects of marketing operations, from lead generation to customer retention strategies. They allow marketers to set up triggers based on user actions, ensuring timely and appropriate responses.
For example, a user visiting a particular product page can automatically receive targeted emails or ads related to that product. This streamlined approach not only saves time but also ensures a cohesive and consistent marketing effort.
Other Benefits and Recommendations
Here are some other benefits of using Automation tools in the field of digital marketing:
Predictive Analytics for Future Planning
Beyond just automating tasks, some sophisticated automation tools now incorporate predictive analytics. This feature uses historical data to forecast future trends and consumer behaviors, allowing marketers to plan more proactive and strategic campaigns.
Automated A/B Testing for Optimized Results
While A/B testing is a known practice, automating this process can significantly enhance its effectiveness. Automated A/B testing can simultaneously test multiple variables, providing quicker and more accurate results to optimize marketing strategies.
Integration with Customer Relationship Management (CRM)
Integrating automation tools with CRM systems can create a more seamless customer journey. This integration ensures that all customer interactions, from initial contact to post-sale service, are tracked and managed effectively, leading to improved customer experiences and loyalty.
Data-Driven Insights
Marketing automation tools provide valuable data on user interactions, allowing marketers to make informed decisions. It helps identify audience preferences, optimize campaigns, and improve overall performance.
Consistent Branding
Automation tools maintain a consistent style across marketing channels, including visuals, content, and communications. This consistency enhances brand reputation in the competitive digital space.
Social Media Integration
Social media automation tools enable scheduled posts across platforms. Marketers can create content in advance, post at optimal times, and engage with audiences more efficiently. This results in better social media presence and increased engagement.
Lead Nurturing and Generating Quality Leads
Using automation tools allows marketers to nurture leads at every stage of the customer journey. For instance, when a user downloads a brochure from your website, marketing automation can automatically send personalized follow-up emails based on their interactions.
This personalized approach increases the chances of conversion. Furthermore, 86% of marketers believe that marketing automation has improved lead quality. By analyzing user behavior and personalizing content, automation tools help attract and retain high-quality leads.
The Challenges and Ethical Considerations
While the benefits are substantial, there are challenges and ethical considerations in using automation tools. One major concern is the potential for a lack of personal touch. Marketers must balance automation with human interaction, especially in customer service and content creation.
Additionally, data privacy and security are paramount. This is one of the most crucial considerations when it comes to using automation tools in digital marketing. Transparency and consent are absolutely essential. Hence, marketers must always inform users about data collection and usage beforehand.
Moreover, with automation tools handling vast amounts of personal data, marketers must ensure compliance with regulations like GDPR and prioritize data security to maintain consumer trust.
We have discussed some other challenges and ethical considerations of using Automation tools in digital marketing:
Quality vs. Quantity
Using automation tools can help to generate large volumes of leads but not all of them will be high quality. Focusing on the quantity of leads as opposed to quality can harm conversion rates. Hence, marketers should prioritize lead quality along with quantity to build meaningful relationships with customers.
Customer Experience
Overuse of automation tools can lead to impersonal interactions and can make brands seem robotic and detached. This spoils the consumer’s experience with the brand and results in a loss of authenticity. Hence, organizations should only use automation to enhance personalization not replace genuine human connection.
The Future of Automation in Digital Marketing
Looking ahead, the role of automation in digital marketing is set to become even more significant. Advances in AI and machine learning are expected to introduce even more sophisticated automation capabilities.
As per Gartner’s prediction, by 2023, 40% of infrastructure and operations teams in large enterprises will use AI-augmented automation, resulting in higher IT productivity. We have explored some of the predictions and trends below:
Automating High-Value Actions:
Brands will move beyond automating repetitive tasks. They’ll focus on automating quality customer experiences, especially as consumers prioritize personalized interactions.
Marketing, Sales, and Success Alignment:
Teams (marketing, sales, and success) will collaborate more closely. Automation workflows will account for user behavior beyond marketing, ensuring a seamless customer journey.
Automation as a Vital Part of CRMs:
CRMs will integrate automation seamlessly. Sales professionals will leverage technology to close deals, enhancing efficiency and customer relationship management.
Across a Company’s App Stack:
Automation won’t be limited to marketing. It’ll extend across various business functions, optimizing processes and improving overall productivity.
Business Chatbots as Full-Time Agents:
Chatbots will evolve beyond simple responses. They’ll handle complex interactions, provide real-time assistance, and enhance customer support.
AI for Automated Decision-Making:
Artificial intelligence will drive data-driven decisions. Marketers will rely on AI algorithms for campaign optimization, targeting, and content recommendations.
Automating Data Collection and Reporting:
Automation tools will gather and analyze data efficiently. Real-time insights will inform marketing strategies and performance measurement.
Robotic Process Automation (RPA)
RPA will help businesses become more productive by automating repetitive tasks, reducing errors, and freeing up human resources.
Improve Efficiency and Productivity With Marketing Automation
Today, automation tools are not just transforming digital marketing; they are redefining it. By embracing these tools, marketers can unlock new levels of efficiency, personalization, and strategic insight.
In this process, it’s crucial to approach automation with a balance, ensuring that the human element of marketing remains intact. As we continue to navigate the ever-changing digital landscape, the integration of automation in digital marketing strategies is not just a trend – it's a necessity for staying competitive and relevant in today’s digital marketplace.
For further support, don’t hesitate to get in touch with an experienced digital marketing agency.
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If you have a live performance coming up, you probably have tons of tasks on your to-do list. Even if you have managers or vendors lining things up, you need to be there throughout the process. One aspect you should definitely focus on is marketing. That will really help you get as many attendees as you want. While promotion takes place across multiple mediums, the internet is where you’ll really get the results.
Online marketing has numerous elements, so you have a lot of opportunities to promote your upcoming performance. However, before you start the promotion process, make sure you have a decent website, a functioning ticketing system, and your social media pages up and running. Then, you can start off with the following online marketing ideas.
Create Live Music Posters For Social Media
Adding a multimedia element to your online promotion strategy is quite useful. So, you should make a live music poster, with audio, visuals, and text regarding your next performance. You can do this on PosterMyWall by choosing one of the many templates there, and then customizing it accordingly.
If you have a musical act, add snippets from it to this poster. In addition, make sure you keep a similar aesthetic and color scheme running throughout your online marketing collateral. When you have this poster, share it on your website, and across all your social media platforms to announce your performance.
Share A Schedule & Teasers
Periodically release information about your performance on your online platforms. You can start with a teaser announcement, then announce the date/time/venue, and then you can create a schedule and post that.
This will help you generate hype in your audience, and pique their interest. However, do share the important details before anything, otherwise, they will get frustrated at the lack of information.
Utilize Video Marketing
Videos are the top-trending medium for online marketing these days. Short-form video platforms like TikTok have changed the game with video marketing, so you need to get your information across in a short time, and in a visually appealing manner.
So, share live rehearsal snippets, behind-the-scenes videos, and communicate face-to-face with your audience with these short clips. Make sure these are filmed and edited well, and then share them on your social media pages, with a special focus on Reels and TikTok.
Build Up Hype Across Platforms
Often, companies tend to focus on only one or two online platforms. However, you need to make sure you cover all your bases. Whether it is social media, email, blogs, online forums, or your own website, have a cohesive promotion plan for all these online platforms.
Customize your posts according to the dimensions and specifications of these platforms, and then you can implement your campaigns. Of course, you’ll put a bit more effort and resources into platforms that have proven to be successful for you, but you should also not ignore all the other online promotion opportunities out there.
Work With Businesses For Cross-Promotion
If you have a sponsor, then you can ask them to share your online promotion materials on their platforms as well. Usually, they’ll want to be mentioned on your platforms in return, so fulfill your end of the deal with a few special sponsor announcement posts and logo placements as well.
You can also contact local businesses near your venue for services like food, transport, and others. Then, offer to promote these services on your platforms for your audiences to use. In return, these businesses can promote your event on their online platforms. You can even work out agreements with promo codes and discounts for patrons of both your performance and the businesses.
Utilize Influencer Marketing
These days, influencer marketing is a major tool for online promotion. Do your research into popular influencers in the area and contact them for shoutouts for your performance. Send out a few free tickets or comped services to the bigger names, so that they announce that they’ll be attending your performance to their followers.
You need to make sure you contact these influencers well in advance and figure out exactly what you want from them, and get it in writing. A proper agreement means that there will be no confusion or misunderstanding later.
Make Custom Band Email Newsletters
Email marketing is still one of the best online promotion tools you can work on. So, you should send out monthly updates in an email newsletter to your mailing list of fans and potential attendees. Use the band email templates on PosterMyWall to make these emails, and use the platform’s email marketing tool to keep track of everything in one place.
This will help you develop an email list for future performances as well. So, make these newsletters to keep people updated, and to hype up your performances.
To sum up, there are countless ways to promote your live performance online. Utilize a mixture of mediums and methods to optimize your results and get the audience of your dreams.
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