Tag Archives: Cost

Forex Trading Articles

Best Online Trading Tips 4 Forex Currency Trading Mistakes That Will Cost You 30000

A few months ago I had the opportunity to work with a Trader who was well funded but he was unable to achieve the profits he wanted. He contacted me after looking at some of my best online trading articles. After several meetings we were able to find an effective trading strategy and money management plan to fit his trading goals.

However, he had lost $30,000 from his hard earned money and he was been a victim of the psychological manipulation of the market.

During my meetings with him I was able to detect the main mistakes he was committing and that were preventing him to profit from the market. In this article I will be sharing with you the mistakes I saw he was committing that cost him $30,000 in trading losses.

Not utilizing the right money management and risk management techniques:

One of the primary issues this trader had was that he was utilizing the wrong money management techniques. People want you to think that making the most pips is what really counts, however I think differently. A pip is a unit of measure that is utilized in Forex trading and the number of pips you produce in a trade is merely determined by price fluctuations. Alternatively, when you use percentages as goals instead of pips you will be able to manage and measure the performance of your trading account.

Allowing your emotions to cloud your judgment:

Letting your emotions get on the way is the best way to lose all of your trading funds. When a trader is manipulated by his emotions he is more prone to make irrational trading decisions, and irrational decisions lead to losses.The best way to control your emotions and become a disciplined trader is by following a strict money management plan and goal oriented trading strategy. Building yours should be one of your first priorities as a FX trader.

Over trading causes failure:

This is one of the most detrimental and expensive trading mistakes. Overtrading is understood to be the act of looking for trading opportunities when they are not there. Sad but true, over 80% of all traders I have had the opportunity to do business with were overtrading. Previously I have compared over trading with an addiction like alcoholism. A person who has a drinking problem never admits that he has an addiction nor does a Fx trader who is over trading. The only way for anyone who over trades to become profitable is to admit their mistake (overtrading mistake) and find the right way to fix it.

Looking for instant gratification by trading low time frames:

I don’t have anything against scalpers or folks who choose to trade low time frames, I know low time frame traders who make a killing in the Forex. The problem is that scalping is not for everybody. Plenty of people become scalpers for the wrong reasons and quite a few times they just want to make money quickly. Unfortunately, this is not how successful Forex traders roll and I have discovered that looking for instant gratification is likely to lead to big disappointments.

In the end, ensure you concentrate on putting all together and don’t rush to open up a live account if you are not ready.

Regards,

Jay Molina

General Business

How to Ensure That Your Low Cost Website Design- Meets Business Objects

Leave a comment

In a prior issue we touched on the subject of avoiding deliverability of your website as regards functionality issues. We mentioned that you should visit other websites in your niche market or even websites in general to get a grasp of various sites and how they attempt to fulfill the owners objectives. Look at the website’s theme and ask yourself a simple question… ‘ Did I understand and grasp the websites communication objective. These are important considerations when you plan to own your own website, and it does not matter whether you are a small business, big business, work at home mom or internet marketer, the principles are still the same. First and foremost is obviously the issue of defining your target or niche market that you plan to serve or where you hope to make your money. This has a huge impact on sustained website success, and is the most important website planning aspect. In future issues we will deal with this subject in more detail as it is defined as the “golden egg” of website design, keywords and how they are used in script, images, video and off- page website design. You need to sit down, put your thoughts and ideas on paper and attempt to create a page by page textual content of your website. This is a process you will in all likelihood have to repeat many times over until you have distilled your ideas into a workable content that is worth putting on a web page. At this stage you do not need to concern yourself to much about images although using any word editing program can even cater for the insertion of images and even video material. The better you are able to crystallize your ideas and objective, the greater the chances are of future website success, and the easier it is for your website designer to marry conflicting approaches. Leaving a website design totally in the hands of a web designer may in fact compromise your objectives. Many designers will attempt to impress with visual displays, flipping images and the like. This is not bad in any way, but it has a place and function to fulfill that should only aim to enhance the deliverability of a website, not slow it down. Elaborate is thus not always better when planning a website. Gone are the days where simple website designs where sneered upon. You see, it was a real sign of talent to be able to design a complex website that worked. The shape and function of websites has changed dramatically in the last few years. .

Today a good designer will rather opt for simple, elegant clean website design as it is the end all and be all among most web professionals. People are less impressed by excessive and elaborate website designs that are difficult to navigate. Don’t get me wrong – these websites have their place. However among business in general, simple, elegant, and to the point website is viewed as the best choice.

In conclusion, you need to keep your primary website design objectives in mind every step of the way. The better you are able to define your objective, develop your own, on-page content, the easier it will be to keep your website development budget in check and then you may just find that low cost website design is not about being cheap. No advertising company can make up for poor quality inside the wrapper. Your website designer should end up designing your wrapper, not the content.

General Investing

How to Invest in a Low cost Carpet That is Not Low-cost Searching

Leave a comment

A ground is an elegant item that adds beauty and luxury to your house. But it is not required that the material you buy require to be pricey as properly. You can acquire some of the finest carpets at an unbelievably reduced rate. But for this, you will need to look close to your nearest carpet retailers and furniture product sales.

All new carpets arrive with a cash back guarantee.Numerous folks right after getting, do not come across it suitable following a couple of times for several causes. For some, the carpet holds a defect, for other people the keep gave them a size various than what they wanted, etc.In all such situations, the pieces are returned to the shop. These returned carpets, although only a few days old, can’t be re-marketed by the floor shop on original cost, and consequently, they have no other choice but to sell them on a really reduced rate. You can obtain this ground and arrange your furnishings in a way that the flaw gets covered, and therefore you can get the best floor in your location with out investing a fortune.

One more nice place to come across a reasonably very good and cheap ground is from the pieces of furniture keep that keeps cast off carpets. Because home furniture shops like to maintain fresh stock, the stock that has not been sold for what ever purpose, is casted off on income.
One particular can locate good deals from such product sales, so make certain you are in get in touch with with your neighborhood furniture keep, and when they have this kind of a sale, which is typically many times in a year, make positive you achieve there as their very first client!

When it comes to buying carpets on a reduced price tag, several folks do not consider about obtaining a commercial floor. The purpose why commercial carpets are a lot more extended-lasting than residence carpets is that industrial carpets have durable fibers.On the other hand, these carpets, as compared to typical residence carpets, expense quite much less.For that reason, always skim by means of the selections of commercial carpets prior to getting a carpet for your house.

Some other choices contain purchasing remnants or irregular pieces of carpets that will be dirt inexpensive.You can be creative with this sort of pieces and paste them beautifully on the floor in the form of some funky and chic pattern.Getting a gym floor from a wholesaler is also yet another choice from in which you can purchase a brand new flawless floor on reasonable rates.

General Business

Business Continuity Planning : Answer to Cost And Outsourcing Risk

Leave a comment

Business continuity planning (BCP) is the creation and validation of a practiced logistical plan for how an organization will recover and restore partially or completely interrupted critical functions within a predetermined time after a disaster or extended disruption. The logistical plan is called a business continuity plan.

Hence, BCP is the phenomenon by which a company plans out, how to stay in business in the event of disaster. Incidents include local incidents like building fires, regional incidents like earthquakes, or national incidents like pandemic illnesses. The company has a formal printed manual available for reference before, during, and after disruptions have occurred.

In 2007, the British Standards Institution published another standard part for BCP, BS 25999-2 “Specification for Business Continuity Management”, that specifies requirements for implementing, operating and improving a documented Business Continuity Management System (BCMS).

BCP methodology is useful for any organization of but adopted by only regulated industries. However every organization should have one in order to ensure the organization’s longevity. It is evident that firms do not invest enough time and resources into BCP preparations are sufferer in disaster survival statistics. According to a research study, fires permanently close 44% of the business affected. In the 1993 World Trade Center bombing, 150 businesses out of 350 affected failed to survive the event. Whereas, the firms affected by the Sept. 11 attacks with well-developed and tested BCP manuals were back in business within days.

For a small organization, BCP manual may be simply a printed manual, containing full details of crisis management staff, general staff members, clients, and vendors along with the location of the offsite data backup storage media, copies of insurance contracts, and other critical materials necessary for organizational survival.

For most complex organizations, a BCP manual may outline a secondary work site, technical requirements and readiness, regulatory reporting requirements, work recovery measures. They should have all the documents for the reestablishment of physical records, a new supply chain, or new production centers.

The development of a BCP manual can have five main phases:

   1. Analysis: study of various impacts and threat, its consequences.
   2. Solution design: to identify the most cost effective disaster recovery solution
   3. Implementation: execution of the design elements identified in the solution design phase
   4. Testing and organization acceptance means to achieve organizational acceptance that the business continuity solution satisfies the organization’s recovery requirements
   5. Maintenance: divided into three activities,
a)    the confirmation of information in the manual, roll out to all staff for awareness and specific training for individuals whose roles are identified as critical in response and recovery.
b)    the testing and verification of technical solutions established for recovery operations.
c)    the testing and verification of documented organization recovery procedures.

Microsoft’s Business Continuity Solutions

Microsoft Windows Server 2008 provides the most robust business continuity platform, delivering proven technologies like Network Load Balancing and Clustering as part of the operating system. It also provides support for a wide range of industry-leading, shared-storage solutions to deliver Quick and Live Migration along with partner cross-site data management and data replication technologies.

IBM – COOP Systems

IBM Business Continuity and Resiliency Services is working with COOP Systems headquartered in Herndon, VA to provide business continuity management software namely myCOOP. With a reputation for no risk deployments, low costs, and ease-of-use for all types of users, myCOOP is the next generation of business continuity software.

Market Analysis

Sim Free Phones – The Most Cost Efficient Phones In The Market

Leave a comment

Most of the people in the UK mobile market wants to get a mobile phone and they also want to get updated with the latest technology which is currently prevalent in the UK mobile market.

To make mobile phones easily available to the mobile phone consumers the manufacturers are launching their handset through several mobile phone deals such as sim free deals, sim only deals, pay as you go deals and contract deals. But among all these aforesaid deals only sim free deals are much more preferred by the users of the UK mobile market as in this particular deal there is no bondage and the user is free to choose the network provider according the choice and preference of the user rather than going for a particular time period of contract period unlike contract deals which vary from twelve to thirty six months.

The customer can purchase sim free phones from several mobile shopping web portals where the manufacturers like Nokia. Samsung, Motorola, Sony Ericsson, LG, Acer, Apple, Blackberry, Siemens, HTC etc. are offering numerous handsets on various price range from where a particular can easily avail any mobile phone according to ones choice and preference. With the help of sim free deals a user is free to choose the best handset in the market without going for a contract agreement.

sim free phones are much more well liked among the younger generation and the students who have limited resources and wants to hop their mobile operators according to the tariff rates available from time to time. In this particular phone one of the best feature which is quite notable is that the user is free from boundation and can act accordingly to the situation which is not possible in case of any other phones in the market such as contract phones, sim only phones and pay as you go phones. As this sim free phones are much more popular in a particular market segment so the mobile operators also targeting this segment to increase their client base.