Many business owners are working so hard at their business that they fail to enjoy the rewards of being the business owner. If you are letting the life of your business overrule the business of living your life, then it is time to begin turning the tides.
Finding ways to make your business work harder for you and your family is the reason we all started our businesses in the first place. If your business is obstructing your efforts to enjoy life with friends and family, this is a problem. We all know a lot of work goes into building a successful business, but if it is consuming all your time, effort and energy… is it worth it?
Why this coordination is important:
Every time you find new ways to help your family benefit from the efforts of your business, your life balance and family life improves.
If your business consumes your entire life and your family life suffers because of it, your spouse and children may actually resent the time that you spend there. Even if it provides a great deal of income, the value of family and social life may be sacrificed.
Make your business help you, your family and your social life. You will be happier, healthier and live a longer more rewarding life.
5 Ways To Consider:
Consider paying children’s education expenses as wages for work
Many small business owners make a good living and have higher than average incomes. This can cause their family to qualify for little to no college financial aid when their children are ready to attend college.
If you are going to have to pay for it anyway, why not pay your children to help out at your small business. Pay them as an employee, contractor or consultant to do work for you and your business.
If you pay them enough to cover their college costs, you will receive a tax deduction for the cost of their college education by deducting their income from your business. They will be responsible for helping out with your business and they may surprise you with how much value they add to the business. New ideas, new technology, a new and different viewpoint might be just what your business needs.
Schedule family vacations around business travel
When a family vacation is something you’re considering, think about coordinating it around a work trip. Do you need to go to conventions, trade shows, seminars or other training for work? If you drive to go to those business activities, your gas mileage is tax-deductible regardless of how many individuals you have in the car with you. Does this conference or training trip require you to stay in a hotel? Your hotel expenses for that night can also be deductible regardless of whether you have your family with you in the room.
Scheduling family vacations around business travel can help make it more manageable. This allows you to enjoy time with your family or friends while also working on your business. Consult with your spouse or family to coordinate the two.
Manage taxable income and year-end purchases to lower tax bracket
Operating and owning a business requires seeing the big picture and planning for the future. Your business will likely need new or updated equipment, computers, other technologies etc. to operate smoothly and efficiently. Be able to forecast these needs.
Here is where you coordinate your tax situation with these needs. If you know you are in need of new equipment, computers, etc. in the near future, look at your taxes. If you are looking at a higher tax bracket for the year you may want to make these necessary equipment purchases sooner than expected. Or you may want to wait until next year. This requires consulting with your business advisor to determine the best option.
Use Retirement Plans
Consider reducing your current income by using a Retirement Plan. Not only will this help you once again for tax purposes, but it’s also helping you and your families future. So many small business owners neglect to put retirement needs on their priority list. Often we hear “my business is my retirement plan.” Putting all of your eggs into one basket can be extremely risky and even dangerous for your future.
You may want to consider adjusting your salary in order to account for contributing to a retirement plan. There are many ways to rearrange things to make it possible to contribute. The tax savings alone can help justify the redirecting of your income into a retirement plan. Be sure to look at all of the different options and scenarios as this will provide further clarity.
Also if you choose to offer your employees a retirement plan, this will help attract quality employees, retain them and allow for an additional tax savings for any company match. You may even be able to take a few days off without worrying about the business functioning without you! Think of how that would allow you more family time. Consult with your financial advisor to clarify your options and the benefits to you, your business and your family.
Consider adding or using a home office arrangement
There are many benefits of utilizing a home office arrangement for you, your business and especially your family. If you’re currently renting or paying for office space it may be feasible to create or use an office space at home. With technology today, working out of the house has become much more functional.
If you’re solely stationed out of your home, this provides for another tax benefit. You are able to write off the portion of your mortgage that accounts for the square footage of your home office. Also any improvement expenses, internet expenses, utility expenses or taxes that are directly related to your home office may also be deductions. Finding ways to cut taxes is crucial for a small business owner.
Many small business owners struggle with obtaining business finance, and there is absolutely nothing unusual about this. Getting a business loan for small businesses, such as retailers, restaurants, garages and so on, is not as simple as one would think from the bank.
This is not to say however, that getting a business loan is not possible. It all depends on where one goes looking for the loan. Typically, there are two primary options that business owners have, approaching their local banks and going to a private funder or lender.
Banks and small business loans
Banks look at applications for small business loans from their perspective and their perspective is determined by their criteria. When we speak of criteria, there are numerous criteria and these are all non-flexible as well as stringent.
Typically, banks require high credit scores, which should be around about 700 or over. If a business applying for a loan with the bank lacks excellent credit, their application will be rejected simply based on that one criteria. In conclusion to banks and credit scores, business funding with bad credit with a bank is not a possibility.
This is not to say that there are not a number of other criteria, which banks follow carefully and take equally seriously as well. The criteria of banks have been established over the decades based on shared experience, and these criteria are across the board.
As is generally acknowledged, banks are not very keen on funding small business loans. The reasons for this are many and one of the primary reasons is that, small businesses are considered to be high risk investments from the banks perspective and experience.
Private funders and small business loans
With a private lender the situation is completely different from what a business owner will experience with a bank. Private lenders have a completely different list of criteria to provide cash advance for business owners.
As private lenders primarily offer MCA (Merchant Cash Advances), the criteria for these is simple. An MCA loan is an unsecured loan, and does not require high credit scores either. As a result it’s easy to qualify for this kind of funding.
However, many a small business owners don’t look upon MCAs from a friendly perspective, and they do have their reasons. The interest rates are higher than traditional bank loans, and most business owners want low interest rates.
The point with MCAs is however not to compete with bank financing, as they are both in quite different arenas. Apart from the fact that they are both financing for businesses, the entire process, requirements, features and all other details related to the funding are completely different.
With an MCA loan the question how to qualify for small business loans does not really apply. Only in very few cases are small businesses turned away by private lenders. Generally, most businesses receive the funding they require for their business.
MCA loans V/S bank loans
Merchant cash advances or MCA in short are generally accompanied with high interest rates. Far higher than what the bank provides, and the reason for this is these are unsecured short term loans.
There are many businesses who would never qualify for a traditional bank loan, regardless of how badly they need it or want it. If their credit scores are low, or if they are unable to provide the collateral the banks require their applications will be rejected. This is not to say that there are not a lot of other grounds on which small business loan applications are not declined by banks. Also, banks are under not obligation to provide funding to those they choose not to. This leaves many small business with no other option.
For an MCA loan a business requires nothing much in the way of credit scores and collateral. The basic criteria for an MCA loan is mentioned here, as follows. The business should be at least 12 months old and a running business. The owner of the business should not be in active bankruptcy at the time of the loan application. Finally, the gross income of the business needs to be at least $10 thousand a month.
The easy criteria makes it simple to obtain an MCA, and the drawbacks are definitely the interest rates and the duration for some business owners. However, those who capitalize on such business funding are those business who either have no choice, or those who require quick business loans. Some of the advantages are the processing time frames, which can be as little as a couple of days.
Tales from the Online Marketing Crypt #17
Stop Doing These 3 Wasteful Things in Your Business to Start Making Net Profits!
“Waste not, want not.”â¨”Don’t waste your breath.”â¨”What a waste of time/space/energy.”
The list goes on and I’m sure you’ve either heard or said any number of these idioms over the years.
Being the system type of personality that I am, wasting time is a big pet peeve of mine.
Growing up on the farm my Dad decided he wanted to control the thistles that were starting to take over the back pasture. I guess pesticides weren’t a thing back then, but child labour was!
One summer he put me to work pulling out every single thistle stock… by hand. Armed with adult-sized leather gloves, I sat on the field grabbing the large prickly stalks at the base and tugged with all my might to free those suckers from their clutches. I had to ensure every bit of root was captured; otherwise, the weed would grow right back again.
I laboured all summer on that project (or so my childhood memory has deemed this to be true). It was a big patch of nettles with thick stocks firmly implanted into the hard ground, so they weren’t all that easy to pull out for this 10 year old.
Of course the next summer they all came back to continue their dominance of the field.
What a colossal waste of time that was.
Have you ever felt like you’ve wasted too much of something in your business? When marketing the services that we provide, you’ll often hear me encourage business owners to stop wasting three things:
1. Wasting Time
2. Wasting Money
3. Wasting Energy
Let’s explore each of these areas and see if anything resonates with you.
One of the biggest problems I see entrepreneurs have is wasting their time trying to learn and do something that’s outside their area of expertise.
Somewhere along the way, especially us women, we got it into our heads that we should know how to do everything that involves building a business.
How is that even possible?
Even if one had a Masters degree in Business, would they know HOW to do everything? Certainly they would know WHAT needs to be done, but I argue not how.
That’s why businesses can’t be built with just one person. They need a team.
Businesses need to delegate to people who have expertise in areas the founder doesn’t.. And no, the DIY tools that are available don’t cut the mustard. Just because I know how to use a calculator, doesn’t make me a mathematician.
Ultimately, you don’t know what you don’t know and that’s OK. There’s nothing wrong with you. You simply need to learn to delegate!
I asked fellow business owners in a Facebook group I belong to what they found wasteful in their business and throughout this piece you will hear their responses.
This one from Christine Awram, founder of Woman of Worth, shares her valuable lesson on trying to do everything herself:
“Wearing too many hats and not staying focused on what I’m most brilliant at, letting others shine their specific brilliance on areas I’m not as strong in. Doing everything and/or micromanaging comes with a price tag, primarily burnout and unintentionally pissing people off LOL. This was a hard lesson for me many years ago, when I thought I was Superwoman and could do everything.”
Another waste of time that I certainly fell into the trap of is attending countless webinars and seminars. And I’m not the only one! NLP Trainer and Master Coach Teri Holland wrote:
“I wasted a lot of time and money on weekend seminars that offered no value, but I felt a sense of “FOMO” if I didn’t attend. Each time I left feeling deflated the seminar didn’t provide what was promised and was just a sales pitch for a bigger program.
And there are some good ones out there too! I’m just more discerning about where I spend my time and money now and I stopped chasing the next shiny offer.”
Jenn Biddlecombe with Inner City Flooring in Coquitlam mentioned a waste of time you may have also experienced:
“I wasted energy on trying to get family to support my business at the beginning. You and you alone are the only one who cares about your success.”
I mean, who hasn’t wasted money while pursuing their dream business? I sure have!
Similar to Teri, I spent a lot of money on courses and programs that didn’t deliver anywhere near what was promised. Heck, I could have taught those courses myself and added even more value while at it!
Aside from spending money on courses and programs, there are other areas that could be sucking your money out of your net profits.
One of them I have experienced is hiring the wrong people for our team. Whether hiring an employee, contractor or sub-contractor, this can be a very costly mistake if the proper due diligence isn’t done to ensure the right person is chosen.
And I’m not the only one! Martin Jongejan, owner of ZOOM Home Cleaning Experts expressed his frustrations in this area:
“Spending too much time and effort on members of my team that I wanted to succeed in their role, more than they wanted to succeed in their role. Was like trying to push a rope. I can’t underestimate the importance of having people on your team who get it, who want it, and who are capable of doing it.”
And Renata Kobek with Kobek Immigrations has a similar experience:
“Paying for professional services that were subpar and spending too much time trying to make sure everything is perfect.”
Business Management Consultant at Black Sheep Business Consulting, Kevin Foreman shared a valuable lesson he learned about wasting money:
“I have wasted the most in business by means of capital. It underlines the need to have ample financial resources, as not every investment in
This is rightly named as the age of traveler-centricity and with the evolution of the new era of personalized travel; it is leading to research and development of a host of new so-called intelligent services. The command-and-control perspectives of traveling have changed a lot from the past and the focus has shifted more on the traveler and the productivity of each trip. It has become essential to maintain that the travelers have the greatest return on investment on each trip. New generations of young employees and managers, who have been growing up and dwelling in a digital age, are moving up the ranks as travelers. It has become essential to recognize the need for greater flexibility acknowledging that the employees who travel on corporate trips also consider a percentage of their trip to be a leisure outlet. With increasing globalization and rise in companies sending their staff overseas to network and connect with their offshore prospects/customers/suppliers, corporate travel is a highly profitable tourism segment. Before we talk about how tourism companies can better cater to business travelers, let us first look at why they prefer to use specialized corporate agencies over traditional agents
Why do businesses use Corporate Travel Agencies?
This might be the most basic question for a travel agency as to why they need to use agencies specializing in corporate travel when there are plenty of regular travel agents in the market. Here is the importance of corporate travel agencies who have online systems which allow business travelers access to their complete itinerary.
The following information is at the fingertips of the CTAs:-
- full business itinerary details
- up-to-date tracking details of flights (including delays or rescheduling)
- transparent details about additional costs such as baggage fees or in-flight fees
- travel alerts, if any, in the destined area
- complete and up-to-date details about the visa procurement policies and identification required
- currency requirement and conversion rates
What do corporate clients expect from Corporate Travel Agencies?
The Corporate Agencies tend to have tie-ups with hotels, car rentals, flights etc. giving them access to lower fares which can be used only by the frequent business travelers. Discounted prices are not the only advantage though as they also offer flight upgrades, room upgrades, and VIP check-in lines as required.
In-depth information about the travel industry
Corporate travel agents have access to many travel resources and most importantly, quickly, than any other leisure travel agent. Additional information helps to make the business trips convenient and comfortable.
Changes in Itinerary
When an airline ticket needs to get rescheduled or cancelled, chances are the airline or the online service provider will charge lofty fees. When booking with a corporate travel agent, most of the times schedule changes can be done at zero or minimal extra charges.
Viable emergency contacts
It is important for the business travelers to reach the correct person at the need of trouble. Corporate travel agents have the experience and professionalism to relieve stress for both the traveler and the company.
What you need to consider as corporate travel increases?
Business Travel Barometer reported that corporate travel is witnessing an accelerated growth. However, when poorly managed, it may be no longer an advantage to companies and may, in fact become a burden. There are some factors which the corporations and CTAs must consider to get the best out of the time spent traveling.
For travelers, starting a travel blog is not a bad idea at all. By sharing your ideas and travel experiences, you do not only derive pleasure but you also get an opportunity to make money online. Passionate travelers such as Kate (of Adventurous Kate), Matt (of Nomadic Matt), Earl (of Wandering Earl) & Stephanie (of Twenty Something Travel) have been successful in turning their travel blogs into full-time businesses, which earns them good amount of money. There are hundreds of such bloggers who have achieved success with their travel blogs.
If you have a strong passion for travelling too, you shouldn’t miss the opportunity of setting up your own travel blog. While starting a blog about travel takes only a couple of minutes, managing it successfully may take months or years.
With some expert tips at hand, however, you can also popularize your travel blog and make money from it without wasting too much time.
Given below are seven tips that you can use –
#1. Share Unique Experiences
If you want to make your travel blog really unique, avoid talking about destinations, cities or towns superficially. There are plenty of travel websites that offer general information on popular travel destinations around the world. What you need to do on your blog is share unique experiences or things or activities that very few people will rarely get a chance (or even think) to do or enjoy.
#2. Learn to Write Well
When it comes to sharing your travel experiences, you should also be able to do it in an expressive manner. You can go to any place or city of the world and indulge in as many interesting activities as you may find. But if you can’t share your story in your own unique style, it will only dilute the impact that you want to make.
Therefore, it’s important that you learn to write well. In any case, avoid copying anyone else’s style. Instead develop your own (if you don’t want to bore readers).
#3. Become an Avid Reader
If you want to become a successful blogger, you don’t just need to travel. You also need to read travel literature extensively. Find out about the most popular travel authors, books that they have written and read them to broaden your knowledge base. Subscribing to popular online travel magazines is also a good idea. If you focus on a specific niche, as a travel blogger, reading relevant travel writings can help you a great deal. To write well, you need to read really well.
#4. Take Attention-Grabbing Pictures
What’s a travel blog without pictures? A travel blog without good pictures looks dead. Like you learn to write well, you also need to photograph attractively. A well-crafted travel blog post coupled with great pictures has the potential to go viral in minutes. And you can never tell a good story without using great pictures.
#5. Be Consistent
Success doesn’t come overnight. Once you start a travel blog, you need to share your experiences, stories and other relevant pieces of information on a regular basis. If you make your readers wait for an entire week or month to read the next post on your blog, you’ll simply lose them forever. So, plan out the content strategy in advance.
#6. Stay Genuine
While sharing your travel stories with readers, you should always stay genuine. By being genuine and honest, you’ll soon be able to develop a personal attachment with readers, an essential ingredient to help you achieve success.
#7. Pay Attention to SEO
What’s your purpose of writing travel stories? Well, you do it so that more and more people can read them. Though content is always the king, you can never neglect the importance of SEO (Search Engine Optimization). Most of the travel bloggers think that writing great travel content and doing SEO are two different things, which isn’t true. In fact, great writing always remains at the heart of great SEO.
Spring Break will be here with the April warm weather, and that means it’s time to start planning your vacation. Vegas is a fantastic Spring Break destination, and when you’re there, you can take an air tour of the Grand Canyon for even more fun. These tours fill up fast because they are so popular, so be sure to book yours as soon as you can.
Helicopter Tours Of The Canyon
You can take a helicopter tour of the South or West Rim. Vegas is close enough to the West Rim that the helicopters can make the round trip. If you want to take a helicopter tour of the South Rim instead, you’ll have to add a plane flight from Vegas to the South Rim to your package since the South Rim is too far from Vegas for helicopters to make the whole trip.
You’ll even get an aerial view of Lake Mead and the Hoover Dam when you fly out of Vegas since they are along the flight path to the Canyon. A helicopter can get to the West Rim from Vegas in under 45 minutes, and it takes an airplane about 60 minutes to fly to the South Rim so you can begin your tour there.
There are landing and air-only tours available to the West Rim. The air-only tour flies over the West Rim and lets you see all the amazing scenery there before circling back to Vegas. The landing tours are more comprehensive and give you the opportunity to see the Canyon up close.
One of the more popular tours lands on the Canyon floor after a thrilling descent inside the Canyon, and once it lands, you can enjoy a champagne picnic or a boat tour along the Colorado River. Another option is to land on top of the rim where you can visit the scenic lookout points. The Skywalk is also located on top of the West Rim. The Skywalk is a huge transparent viewing bridge that lets you stand 4000 feet above the bottom of the Canyon for one of the most thrilling views you’ll see anywhere.
Touring The South Rim
If you choose a South Rim helicopter tour, you’ll hop on the chopper right after you arrive from your plane ride out of Vegas. You can pick from one of two tours. There is a short tour that gives you 30 minutes of flight time, and a longer one that lasts for 50 minutes. The 30 minute tour flies from the South Rim over to the North Rim and then circles back. The longer tour goes to the North Rim too, but it also includes an added trip to the eastern boundary of the park. You’ll get to see nearly 75 percent of the entire National Park when you take the longer tour. The longer tour costs a little more, but it is worth it because you get to see so much more of the park.
Helicopters can’t land inside the Canyon at the South Rim, but you can add a bus tour or Jeep tour to your package if you want to have a ground experience there.
Canyon Plane Tours
Tour airplanes fly to the West Rim or the South Rim. An airplane tour is more affordable than a helicopter tour, so it is a good choice when you have a tight vacation budget. You can still add on other adventures, for instance you can take an airplane to the West Rim and then ride a helicopter to the Canyon floor. The airplane tours of the South Rim cover a large portion of the park, in fact, they fly along the same flight path as the longer helicopter tour.
One difference between the two types of air tours is that airplanes need to fly at a higher altitude than helicopters, and anther important difference is that the airplanes can carry more people on each tour. The airplanes carry 19 at a time, so if you’re flying with several people, an airplane tour is probably the best choice. However, if excellent viewing is the most important thing to you, then you’ll want to book a helicopter tour since the choppers fly lower than planes and they have bigger viewing windows. When you book a deluxe helicopter tour, you will fly on an EcoStar chopper that has a panoramic wraparound windshield and six seats arranged stadium style for unobstructed views. These choppers are made specifically for sightseeing and they are quieter and offer a smoother ride.
To Wrap Up
Touring the Canyon is the ideal way to add some adventure to your exciting Spring Break vacation. The good thing about beginning your tour in Vegas is that there are many tours and options available, so you can find a tour that’s perfect for your budget.
Remember tours fill up early, so you want to buy your tour in advance. To make it easy to remember, you can book your Canyon tour when you make your hotel reservations. Also, just use your credit card to buy your tour online and you’ll get the best deal because you’ll be able to bypass a travel agent’s commission.
How are you guys doing? Hope the weather is well over there. I know you guys like Android, but perhaps you like movies as well! Today, we’ll be revealing 3 great movie Apps that every movie fan should have on their phone. Let’s Go!
1) Run Pee
Run Pee is honestly one of the most handy movie apps anyone can have on their phone. My favorite feature is that this App allows you to set an alarm to tell you when is the best time to visit the washroom so that you wouldn’t miss much of the movie. Moreover, the App also includes a short summary on what you missed while you were doing your business. Imagine going to the washroom only to come back realizing that you missed the best part of the movie. What a waste of money! Now, you wouldn’t want that, don’t you?
Also, remember those funny end-of-the-movie extra scenes in Monster Inc? Some movies have such extras that are worth watching. And this App tells you whether the movie you are watching have extras that you may want to watch. Awesome!
2) IMDb Movies & TV
Trailers, Screenshots, Casts, Show times, Ratings, Reviews and much more- all packed into the IMDb App. If you are an avid movie-goer, this is a holy grail for you. With a touch of a finger, you will be able to know about every single detail for any movie in the cinema. It allows you to buy your favorite movies using Amazon. Unbelievable. I’m sure some of you have heard of this App before. If you are looking for a better movie App, look no further. You’ve found it.
Want to turn your phone into a mini movie screen? Now you can! With Crackle, you can watch rather good movies (I’m not talking about old yucky movies here) on your phone. There are movies such as Panic Room, You don’t mess with the Zohan etc. You can share and like the movies you’d watched previously. Moreover, it has a neat, clean and easy-to-use interface. Given, there are a few Ads in the App and you can’t watch the latest blockbuster movie, but it is still one of the best movie streaming Android Apps there is on Google Play. Also, a fast internet connection is preferred since we’re streaming movies here.
Now, there are millions of movie Apps in Google Play, but these Apps will do a great job in satisfying your movie cravings. So there you have it guys, the best movie apps on Android! Now, you are a movie expert! Enjoy.
Here we have forecasts related to love career health and travel zodiac by zodiac. These forecasts can be better utilized if you have an idea about your horoscope also. Any adept astrologer can make predictions on the following-
MONTH-WISE ANALYSIS FOR THE YEAR 2010
PLANETARY POSITIONS AND THEIR EFFECTS IN THE YEAR 2010
YOUR CAREER IN 2010
FINANCIAL PROSPECTS IN 2010
RELATIONSHIPS IN 2010
General Forecast: Yearly Horoscope 2010 foresees the possibility for these people to share some of their secrets with persons near to them in the impending year. This is the year when these people need to control their skills in a manner so that they can bring in maximum gains in personal life.
Love Forecast: In accordance with Yearly Love Horoscope 2010, Pisceans will be able to solve several problems with their partner. In 2010 single Pisceans will get golden opportunities for mingling with someone they love. During the period from April to June, most probably these people will have a plan for extending their family.
Career Forecast: Yearly Career Horoscope 2010 indicates that these people may make haste to draw conclusions at work, which might jeopardize their work. It is advisable for them to take their time before they sign any new contract in 2010. During the summer months of the imminent year these people will be professionally very successful.
Health Forecast: With regard to health, Yearly Horoscope 2010 anticipates that there is no chance of any major illness during this year. However, these people should try to avoid too much anxiety in this year, because this might cause depression for them.
Travel Forecast: As indicated by Yearly Horoscope 2010, traveling will be a great possibility for the Pisceans. A few of them might visit a picturesque place in some foreign country along with their spouse and family in 2010.
General Forecast: Yearly Horoscope 2010 foretells that these people will have reasons to be very optimistic in the impending year. They will also be recognized for their hard work in the society. They will make several new friends in 2010.
Love Forecast: Yearly Love Horoscope 2010 portends that these people in 2010 will have a love life without hurdles, and may be an easy-going one. Their partner will understand them much better and there will be no room or any kind of disagreement. On the whole, a fervent love life is waiting for the Aquarians in this year of 2010.
Career Forecast: As regards career, Yearly Horoscope 2010 envisages a rewarding year for Aquarians. They will be highly enthusiastic to experiment with new ideas in their work. They are also likely to get excellent appraisals as well as promotions in the impending year.
Health Forecast: Concerning health, Yearly Horoscope 2010 points out that meanwhile the Aquarians may need to take a break in order to refresh their body and soul. Some regular sports activities are advised for them to keep healthy and fine in 2010.
Travel Forecast: As stated by Yearly Travel Horoscope 2010, Aquarians have indifferent chances for going abroad on a tour in 2010. Nevertheless, there are brilliant chances for these people to go for a domestic tour along with their family.
General Forecast: Yearly Horoscope 2010 predicts that these people will awaken to many hidden truths in the coming year. They will feel motivated to proceed in different phases of life to meet their goals on time.
Love Forecast: According to Yearly Love Horoscope 2010, these people would get chances to reconcile with their partner in the approaching year. Single Capricorns have clear chances for getting married in the year 2010.
Career Forecast: Yearly Career Horoscope 2010 visualizes that these people will get ample support from their friends and coworkers to attain new peaks in their career. They should gather courage to take some risks in their occupation in the second quarter of 2010.
Health Forecast: Yearly Health Horoscope 2010 signals that these people will commence the year with sound health. In spite of this, in the middle of 2010, they may have to cope with some minor health troubles linked to back or stomach.
Experienced traders recognize the effects of global changes on Foreign Exchange (Forex/FX) markets, stock markets and futures markets. Factors such as interest rate decisions, inflation, retail sales, unemployment, industrial productions, consumer confidence surveys, business sentiment surveys, trade balance and manufacturing surveys affect currency movement. While traders could monitor this information manually using traditional news sources, profiting from automated or algorithmic trading utilizing low latency news feeds is an often more predictable and effective trading method that can increase profitability while reducing risk.
The faster a trader can receive economic news, analyze the data, make decisions, apply risk management models and execute trades, the more profitable they can become. Automated traders are generally more successful than manual traders because the automation will use a tested rules-based trading strategy that employs money management and risk management techniques. The strategy will process trends, analyze data and execute trades faster than a human with no emotion. In order to take advantage of the low latency news feeds it is essential to have the right low latency news feed provider, have a proper trading strategy and the correct network infrastructure to ensure the fastest possible latency to the news source in order to beat the competition on order entries and fills or execution.
How Do Low Latency News Feeds Work?
Low latency news feeds provide key economic data to sophisticated market participants for whom speed is a top priority. While the rest of the world receives economic news through aggregated news feeds, bureau services or mass media such as news web sites, radio or television low latency news traders count on lightning fast delivery of key economic releases. These include jobs figures, inflation data, and manufacturing indexes, directly from the Bureau of Labor Statistics, Commerce Department, and the Treasury Press Room in a machine-readable feed that is optimized for algorithmic traders.
One method of controlling the release of news is an embargo. After the embargo is lifted for news event, reporters enter the release data into electronic format which is immediately distributed in a proprietary binary format. The data is sent over private networks to several distribution points near various large cities around the world. In order to receive the news data as quickly as possible, it is essential that a trader use a valid low latency news provider that has invested heavily in technology infrastructure. Embargoed data is requested by a source not to be published before a certain date and time or unless certain conditions have been met. The media is given advanced notice in order to prepare for the release.
News agencies also have reporters in sealed Government press rooms during a defined lock-up period. Lock-up data periods simply regulate the release of all news data so that every news outlet releases it simultaneously. This can be done in two ways: “Finger push” and “Switch Release” are used to regulate the release.
News feeds feature economic and corporate news that influence trading activity worldwide. Economic indicators are used to facilitate trading decisions. The news is fed into an algorithm that parses, consolidates, analyzes and makes trading recommendations based upon the news. The algorithms can filter the news, produce indicators and help traders make split-second decisions to avoid substantial losses.
Automated software trading programs enable faster trading decisions. Decisions made in microseconds may equate to a significant edge in the market.
News is a good indicator of the volatility of a market and if you trade the news, opportunities will present themselves. Traders tend to overreact when a news report is released, and under-react when there is very little news. Machine readable news provides historical data through archives that enable traders to back test price movements against specific economic indicators.
Each country releases important economic news during certain times of the day. Advanced traders analyze and execute trades almost instantaneously when the announcement is made. Instantaneous analysis is made possible through automated trading with low latency news feed. Automated trading can play a part of a trader’s risk management and loss avoidance strategy. With automated trading, historical back tests and algorithms are utilized to select optimal entry and exit points.
Traders must know when the data will be released to know when to monitor the market. For instance, important economic data in the United States is released between 8:30 AM and 10:00 AM EST. Canada releases information between 7:00 AM and 8:30 AM. Since currencies span the globe, traders may always find a market that is open and ready for trading.
News trading is intriguing for many traders. As a result most traders prefer to stay out of the market at the time of the news release like the NFP Report or the FOMC Meeting Minutes. But there are traders who have adopted the profession of trading news. However, news trading involves a sense of instant gratification. Within seconds, if you can predict the market direction correctly, you can make a few hundred pips. Now, compare this with most of the day traders who make these much pips in a matter of weeks. visit for more details https://forbesnewshub.com/
Trading news is for those traders who like a lot of action within a short period of time. News trading strategies are based on the fact that before any scheduled news release, market develops a certain expectation about the economic numbers that will be released. When the actual economic numbers are released if there is a wide deviation between the actual and the expected, there will be a knee jerk reaction in the market.
Now, suppose you are a risk taker who wants to trade the news despite the fact that many traders avoid trading it. How to go about it? There are basically three ways, you can trade the news. The first news trading strategy involves betting on the market direction and entering the market before the news is released. The second news trading strategy entails waiting for the news to hit the market and then entering the market. The third news trading strategy involves a combination of both the above two strategies. Let’s discuss the first news trading strategy in detail.
Suppose, you are a pro active trader. You have been watching the market before the NFP Report release and want to make an educated guess on the market direction at the time of the news release. So, you enter the market 20 minutes before the news release time. One advantage of doing this is to avoid the widening of spreads that usually happens at the time of the new release. You made an entry well before the news release time when the spreads were tight. Now you place your bet on the market direction by going long or short. Place a stop 30 pips below the entry if long and 30 pips above the entry if you have a short trade. Now, wait for the news release to take place.
Now, it depends on how well you had predicted the market direction. If your prediction was good and the market moved in the same direction that you had predicted, you will close half of the position when the market moves by the amount you had risked. In this case 30 pips! For the remaining half, place a trailing stop with a 20 day Simple Moving Average so as to capitalize on the move as much as possible. In case, the market moved in the wrong direction, the stop loss will be hit and you are out of the market with a loss of 30 pips!
You will be using the 5 minutes chart for this news trading strategy. You might be wondering why exit half of the position when the market moved in your favor. This was done to reduce risk and take profit as quickly as possible in order to avoid any whipsaw that might develop in the market. The most important thing about this news trading strategy is to predict the market direction at the time of the news release correctly.