Trending Middle East brings you the latest social media and search trends from the region and around the world.
On today's episode, a futuristic flying bike unveiled in Abu Dhabi is expected to deliver life-saving support in crucial search and rescue operations. The Xturismo Hoverbike is being tipped as the next cutting-edge tool for emergency services confronted by challenging conditions such as desert terrain.
Lebanon’s currency hits a record low to the dollar, with 100,000 pounds — the value of the country’s largest banknote — now worth only $1. The new rate had been expected in recent weeks as the value of the local currency continued to plummet almost unabated.
An updated version of the AI based ChatGPT tool, GPT4, goes live with many sharing on social media exactly what it can do. OpenAI, the company behind GPT4, says it is more creative and collaborative than ever before.
Meta, the parent company of Facebook, Instagram and WhatsApp, announces it will lay off 10,000 employees as part of a new round of job cuts and will also close about 5,000 open roles that have yet to be filled.
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The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.