Posts tagged finance
Everybody has to have money, that is clear enough, but how do you get it, or enough of it, on a recurring basis to be able to enjoy a fairly comfortable life? Most people work for somebody else, some others prefer to set up their own firm in order to be their own bosses and still others choose to buy and sell intangible goods like stocks and shares. A concept comparable to this last one is trading currencies on the foreign currency exchange, which is normally shortened to Forex or even FX.
The Forex is the largest market in the world. It turns over trillions of dollars every day and is actually open 24/7. Every country in the world has access to the Forex and every government and every bank trades on it every day. With all this money sloshing about it is obvious that there is a lot of money to be made from trading on the Forex. However, one must never forget that when someone wins, someone else loses. Billions of dollars are made and lost every day.
Never let anyone persuade you that making money on the Forex is easy. If it were easy, everyone would be rich and if everyone were rich no one would be. There is no easy money. However, what Forex traders try to do is establish a strategy that works for them. Once a profitable strategy has been developed, traders try to utilize that same strategy over and over again. This is a way of minimizing risk and, it is hoped, maximizing profits.
As you are developing your own strategy or maybe adapting one that you have read about in a book on Forex strategies, you will come across various terms which describe tools that are used in parts of those strategies. One of the most common tools is called ‘Leverage’.
Leverage effectively multiplies the value of your trading account. Leverage is often 100 times the real, funded value. Consequently, if you have $1,000 in your account, you can use leverage to ‘play’ with $100,000. This evidently gives you higher gains or losses and is a dangerously useful tool.
Another tool to be utilized in your general strategy is the ‘Stop Loss Order’. In many ways, the stop loss order can be used to stop you making a total idiot of yourself with leverage. For example, if you bought the USD/GBP at 1.50 and expected it to go to 1.60 and it does head off in that direction all well and good. However, you could place a stop loss order on the transaction at, say, 1.47, so that if it goes in the wrong direction you can only lose a ‘little bit’. The stop loss order is there to permit you to run your profits, but minimize your losses.
An ‘Automatic Entry Order’ allows you to enter the market at a price prearranged by you. So, for instance you may think that the USD would never drop below GBP 0.66 in a million years, but if it does hit 0.66, you are so sure that it will rebound that you want to purchase at that price at any time. You place an automatic entry order and you will never miss that opportunity, if it ever crops up.
These tools or strategies can be used in an overall strategy to minimize risk, but not eliminate it, you still have keep your eye on the ball and learn the rules of the game.
An individual who purchases something from a source or person, and then sells that same item all together or in parts to a third person, is termed as a reseller. This person is also called a middle man in business jargon. The transaction of reselling is done to accrue profit.
The hosting reseller does not need to have an exhaustive technical knowledge about server technology, networking and the likes. Interacting with clients on aspects of web page designing and the likes is all that the reseller windows hosting needs to concentrate on.
Linux operating system was the initial choice for a hosting reseller, but with time having realized the various advantages offered by the Windows operating system, the shift towards reseller of windows hosting as a solution has occurred.
If your business needs huge data management then hosting on windows will be advantageous over Linux systems. One can integrate various databases by using MS Access. You do not need to manage separate database accounts for your clients and all can be managed easily through one account.
Windows also supports powerful database engines like ASP and SQL. Such database centric applications are known to function better under the Windows Operating system. Linux has a lack of such utility packages.
No doubt, the initial investment will be more in case of reseller windows hosting as compared to Linux shared hosting. However, this investment will be easily compensated as you will save money and time by using windows hosting server.
It is not easy to manage a huge database in Linux operated system hosting program while one can do it with ease on window operated systems. Window hosting services like MS Access can be used to integrate a huge database. One does not have to open separate accounts to maintain the database of different clients and they can be easily managed in one.
Linux is an open source server solution which is highly scalable. It also will differ it its features from one hosting firm to another. There is something which is considered as a loose standard for Linux hosting features, but if you decide to go with this type server it is a good practice to shop around before making a decision.
Windows hosting services are provided with control panel which makes the hosting look simpler. You will get complete independence on various window based application. You can manage your application easily through the control panel. You can run many applications at the same time on windows hosted server without any interruption.
Reseller windows hosting is a costly affair initially as compared to other shared hosting plans. Linux hosting is much cheaper but will provide you with fewer benefits. If you go by only the initial cost, you may consider Linux but windows hosting will be more time saving. With longer use, windows hosting will prove to be more beneficial and the initial cost expenditure will also be covered up.
When you start a new hobby or even profession, you are bound to come across terminology that you do not understand. The problem with not understanding the terminology of the industry, is that it hinders your development in your chosen field.
I know many people, especially older people, who think that they will never be able to grasp computers, because the terminology sounds like a foreign language. The same can be said for Forex, so I am going to explain my top 20 terms to trade Forex that I think you have to be aware of.
Ask, Offer – the price at which a trader will buy a currency; it is the seller’s price
Base Currency – the currency that all trades are quoted in. This will usually be the USD, but some systems allow the trader to choose
Bear – someone who thinks that the market or position will fall
Bull – someone who thinks that the market or position will rise
Broker – the person who places and deals with the trade for the trader. In FX there are no fees as such, as they are dealt with by the spread.
Cable – dealers’ slang for the USD/GBP exchange rate
Currency Risk – the risk of incurring losses resulting from an adverse change in exchange rates.
Day Trading – refers to opening and closing the same position or positions within one day’s trading (day trader)
ECB – the European Central Bank
Forex, FX or Foreign Exchange – the concurrent buying of one currency and selling of another. The currencies are written in pairs such as USD/GBP.
GTC – ‘good till cancelled’ – this means that an order is left with the dealer to buy or sell at a price pre-set by the trader. When the price is met the trade will be automatically carried out.
Initial Margin – this is the initial deposit of collateral required in order to enter into a position. It is a guarantee on future performance
Margin – clients must deposit funds as security to cover any potential losses from unfavorable movements in currency prices
Market Maker – is a dealer who offers prices and is prepared to buy or sell at those stated bid and ask (offer) prices. A market maker keeps a trading book
Open Position – this refers to any deal which has not been sorted out by monetary payment or reversed by an equal and opposite deal for the same value date.
Pip or Points – in currency markets refer to the smallest move an exchange rate can make. This could be 0.0001 in the case of EUR/USD, GBD/USD, USD/CHF or 0.01 in the case of USD/JPY
Resistance – is the level at which charts suggest that selling will take place
Spread – this is the difference between the bid and offer (ask) prices. It is used to measure market liquidity, narrower spreads often indicate higher liquidity
Stop Loss Order – an order to buy or sell when a particular price is reached, either above or below the price that prevailed when the order was given
Technical Analysis – is an attempt to predict future market activity by analyzing historical market data. It is usually represented in the form of charts, price trends and volume graphs.
In general, reseller hosting is the type of hosting done by someone on behalf of web hosting companies. The account owner is normally allowed to use his or her hard drive space and bandwidth for hosting websites of other people.
The account owner acts as a marketer for the hosting company, earning some side income. It is common for web design companies and system integrators to buy reseller hosting services. Under normal circumstances, these firms include the web hosting service as a free service to promote their main businesses.
For both types of plans, the web hosting company is usually responsible for any hardware and software related problems. They also troubleshoot any connectivity problems. The reseller is only responsible for setting up, managing and maintaining the customer accounts.
Normally, web design firms, web developers and system integrators sign up for reseller hosting services. They offer web hosting service as an additional feature to attract customers. In relation to this, most of the hosting plans allows resellers to make their very own service and pricing plans.
It is simply a matter of pointing and clicking on the control panel. Due to the stiff competition among resellers, the profit made from reseller hosting is usually marginal. Much time, energy and money needs to be spent to get customers through advertisements and marketing.
So, there is high competition among resellers. It is not that easy to get customers as well. Aggressive online marketing and advertising might be needed for getting customers.
To put it briefly, reseller hosting offers a good alternative for making some side income through the internet for individuals. For companies or individuals having the main business of web development or such, this type of hosting is a good way to attract customers towards buying the main services.
Offering domain purchasing will greatly increase your business and create an all in one stop at the same time. You could quickly establish yourself as an authority when it comes to reseller hosting with just this one simple addition.
The reseller business is one of the most popular business opportunities out there today and is a highly profitable industry to get involved with if you want to build an online business. It is not at all as complicated as one might believe either. You just have to put yourself out there and give it a good effort.
Being able to offer domain services can give you a major boost to your online presence making you the one stop web site owners are looking for. Taking advantage of this can build your reputation as an expert in the field to all new levels and all you have to do is add one simple option.
As a reseller you can also sign up and be able to receive discounted domain registration as well. You can then offer domain names to your customers so that your profit is increased even more.
There are many reasons as to why you could want to move to a new web hosting provider; be it for better service or higher capacity. No matter the reason though, the process to go through is still the same and, not following it, could well lead to a little trouble. Following this guide however, should remove that chance.
There are two different flavors of servers from which you can choose if you decide to go with a hosting account. These are the Windows server and the Linux based server. Either one of these will work wonderfully as a hosting solution, and neither one will give your site any visual advantage over the other. There are some hidden variances which you should be made aware of before you make the final decision of which one to use.
The main advantage of using Linux is that it happens to be open source. It can be changed and adapted to perform a variety of tasks, and is scalable so if certain resources are not needed they simply are not added to the server. This allows different web hosts to customize their installation to offer specific features.
The Microsoft Windows server is a different story. It is not an open source hosting solution. When you go with a Windows hosting platform, there will be little to no difference between hosting companies. This is because Microsoft made their server to be an all-in-one bundle which does not need to be pieced together. There are those people who voice their belief that the Linux server will run faster than the Windows server, but the majority of users state they cannot tell a difference.
You may be wondering if there are any advantages to using a Windows server rather than a Linux server. The answer is yes. Since Microsoft has the proprietary . Net framework system and ASP, you will want to choose it over Linux if you plan on using either of them.
Even if you are not going to use any of the Microsoft only technology, there is no reason why you shouldn’t get a reseller windows hosting account for all of your hosting needs. Not only will it allow you to quickly and conveniently create websites, you can easily create sites for your family and friends and make money while doing it.
Change nameservers – This is no more involved than notifying the company that sold you the domain of the change. Again, a simple task, though this could of course be complicated should you have purchased your domain through your old host; but the new host may be able to help here.
The domain registrar will also need to be notified, in order the DNS nameservers can be pointed to the new host too. As a rule, customers are advised this could take up to 48 hours to become live, though the process tends to be much quicker than this in reality.
Having backed everything up, you will need to transfer all data. Your new web hosting provider will have given you access to a temporary domain, though not all codes may be accommodated so should be checked. If it is lacking, and you need these codes on your pages, ask for a temporary real domain. Having done this, simply FTPing all files should be suffice.
The web hosting industry has grown enormously and many people want to try their luck in business. Controlling the costs s somehow difficult even though you are dealing with the best web hosting provider. This means that you should be aware of the various ways on how to save money on website hosting services.
There are numerous ways you can adopt to reduce costs on these services. One of them is actually to look for an optimum hard drive space. Too much disk space than the required can really push your profits down. You need to look for a disk space that is just enough for your site.
You also need to find an optimum bandwidth. This is just the same as in disk space in that you do not need extra bandwidth since you will incur extra costs for no reason. Avoid over usage of bandwidth since it will make you incur extra costs. Stay within your limits and try to choose bandwidth that match high data transfer.
Shop around for block purchase of bandwidth and disk space. You require those providers that offer block purchase facilities to their clients. Check whether the amount allocated within the block can best suit your needs. This will actually help you reduce costs and save more.
Deal with providers that are ready to offer reliable services to clients. Make sure you can easily get notified immediately when an over usage for bandwidth and space occurs. This will enable you to reduce your spending since you will not be charged for the extra usage.
Look for reliable providers that have multiple domain services. There are numerous options whereby one account is capable of offering multiple domains to a client. This is good because you will reduce costs as compared to those with single domain facilities.
Clients with more than one websites should prefer multiple domains in order to save more. Teaming up with other webmasters that are willing to launch their sites can also be cost effective. This is because the cost will be shared equally thus making the service affordable.
You may also prefer a free mail server. Stay away from those web hosting providers that charge for mail servers since this facility is available for free. Look for standard web hosting providers and you will enjoy free mail server.
Using correct options and optimum facilities are the effective ways on how to save money on website hosting services. Ensure that customer care service is reliable. Let everything be optimal and you will greatly reduce your costs.
Do well with the cost of hosting your website and you will be able to run your business better. Another way to save cost with your website is by using the Adobe promotion codes here to buy your design software.
The Forex market used to be the realm of governments, banks, financial institutions and very rich people. That was not so long ago either. Fifteen years ago, perhaps, maybe even less. The development that altered all that is the Internet. These days, the Forex market is played by small companies and even ordinary people as well as the big players of yesteryear.
Whether or not it is a level playing field for the big and the small, you will have to decide for yourself, because so much shame has come to light recently about issues in other financial markets. However, the Forex is so big that it is hard to think that it can be manipulated. (Although George Soros is blamed for a run on the GBP in the early nineties).
It is probable that the big players have more access to information that the rest of us. Particularly governments as they introduce the policies that affect the way a currency moves. Information is the key to successful Forex trading. Therefore, you have to know the terminology of the Forex market; how to utilize the financial instruments that your broker makes available to you and you have to be up-to-date on the information affecting your target currencies.
Therefore, it stands to reason that you should decide to open an account with a Forex broker that provides the most advanced trading platform, supplies the best training and distributes the best, up-to-date news and market analysis.
The best way of selecting an online Forex trading system is to Google “online Forex trading system” and pick six of the most impressive to you and save them into a folder in your ‘Favourites’ list. If you are new to Forex trading, you should read the companies’ training literature. This will give you an impression of how much the broker cares. Try putting some of the doctrines that you learn into practice in a ‘practice account’. The practice account is free, but sometimes you may only use a practice account for a month or so.
You will discover that some online Forex trading systems are simpler to use than others. One online Forex trading system might suit you but not suit me, it is a personal preference. Some online Forex trading systems will have all the bells and whistles, but you may prefer a simpler system. For example, if your computer is slow or your Internet connection is slow, you may want to be able to turn off any elements that you do not need in order to speed your system up.
Another aspect that you should pay close consideration to when choosing an online Forex trading system, is the system’s functionality for technical analysis. You will have to have free access to the historical data of the currencies that you are interested in. These data can then be interpreted by graphs, which may be able to help you determine which way a particular currency pair may go. Breaking news is also very important and your broker should supply you with all the most recent news stories ‘hot off the wire’.
The type of legal structure you choose for your business can have a major influence on the success or failure of your venture. This is because your ability to take decisions quickly, to compete in the market-place and raise additional capital if necessary is directly related to the legal structure of that business.
There are basically three legal structures to choose from: sole proprietorship, partnership and corporation or limited company. No on form is better than another per se, because each has its own peculiar advantages and disadvantages. Therefore, what is important is to choose the legal structure that is best for you.
There are several questions that you should ask yourself to help you decide which form of business to choose. What do I already know about this type of business? In which ares of the business will I need help? How much money will I need to get started? Where will I be able to get money from, should I wish to expand later? What kinds of risks will I be exposed to later? How can I limit my liability? What kinds of taxes will I be expected to pay?
Sole Proprietorship More than 75% of all businesses in the United States are sole proprietorship. The essence of this type of business is that they are owned by just one person and usually, that person is directly involved in the day-to-day running of that business. As a sole proprietor, you have total responsibility for that business and all the profits from that business will be your too, as will all the debts and liabilities.
The advantages of a sole proprietorship are that you are the only boss, it is very simple to get started, you retain all the profits, income from the business is taxed as your personal income and you can stop whenever you like. The disadvantages are that you take on unlimited liability, your ability to raise investment capital is limited, you have to be able to do everything yourself from book-keeping to advertising, retaining high-quality employees can be hard and the life of the business is limited to your own life time.
Partnership A partnership is when two or more people share in the ownership of the business. The partners are accountable for every decision collectively, although decision-making might be divided up unevenly by agreement of all partners equally. All agreements should be written down, if at all possible in the presence of a solicitor.
The advantages of a partnership are that you get the benefit of other opinions, it is easy to get started, more investment capital is accessible, partners pay only personal income tax, high-quality employees can be made partners to encourage them to stay. The disadvantages are that partners have limitless responsibility, profits must be shared,partners, may quarrel and the lifetime of the partnership is limited by death.
Corporation A corporation differs from the other types of company, because a corporation is considered as a ‘person’ by the law. It has a wholly separate existence from its owners. As such it can sue and be sued..
The advantages of a corporation are that stockholders have limited liability, corporations can raise the most investment capital, they have an unlimited lifespan, ownership is easily transferable and they utilize specialists. The disadvantages are that they are taxed twice, starting up is expensive and they are more closely regulated.