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Reporter

First Aid in the Office – What Every Start up needs to know

June 14, 2014 by Reporter Leave a Comment

first aid and safety and wellbeing  supplies

In most start-up offices, it’s wonderfully rare that anyone should need to use the first aid kit, and for the most part it’s not something that staff needs to think about on a regular basis.

Office emergencies are relatively rare and as such it can be very tempting to forget about making a priority of office safety and taking the appropriate health and safety measures. Even though people in start-ups tend to be young and carefree – first aid is a necessity.

As with anything in life, however, disaster always seems to strike when we’re least prepared, and that’s why the law states that it’s absolutely essential to keep your kit well stocked and ready, as well as ensuring that you and all other employees are well versed in the first aid workplace policies in your area.

We’ve put together a few things you need to know about first aid in the office in order to help you gather all the supplies you need to deal quickly and efficiently with an emergency situation:

Appoint a Health and Safety Officer

If you haven’t done this already, it’s vital that you do; appointing someone in this capacity to ensure that the kit is properly stocked at all times and that everyone is apprised of the appropriate policies and procedures will go a long way toward not only obeying the law but avoiding disaster should a real emergency occur.

Assess the Situation

Not every office has the same needs as far as their first aid kit, particularly as not every office has the same level of staffing, risk and/or activity; perform a comprehensive risk assessment to ascertain the supplies you should keep on hand in order to address an emergency; be intelligent and remember it’s better to be slightly over prepared then left floundering in a bad situation.

Leave Out Potential Allergens

Depending on how many office staff you have, there are a wide variety of potential allergens in the average kit, from ointment and painkillers to other over-the-counter meds; if someone in the office requires any of these items for health reasons, they should be able to supply them on their own, while keeping them away from others who may be allergic.

Post Your Medical Emergency Plan

Writing and posting your formal emergency plan is a must in any office; information should be posted in a position where it is readily available when required and all employees should be apprised of both its location and contents.

The plan should include the address and phone number of the office, as well as the location of the first aid kits and any staff members who are specially trained to administer assistance; also include any emergency numbers as well as directions to and contact information for the medical services facilities closest to your location.

Keeping employees informed is a vital part of dealing with an emergency quickly and efficiently.

Buy Prepackaged

There are a variety of companies who sell prepackaged first aid kits and purchasing one of these handy supplies has a few advantages; first of all, as experts in emergency supplies, they’ll know firsthand the items a company such as yours may require; these kits are also quite conspicuously marked and recognizable to employees, and the items inside are generally of sound quality.

So regardless of how unlikely an office emergency seems at your place of work, always be well stocked and prepared for a first aid emergency; keeping all staff well informed and ready will go a long way toward dealing with a crisis in the most safe and effective way.

Filed Under: Australia, Small Business Tagged With: Emergency, First Aid, Healthcare, Safety

World Cup fever – have you got it yet?

June 13, 2014 by Reporter Leave a Comment

It’s only days now until the first match of the Brazilian World Cup. How excited are you? The general opinion is that that the Socceroos have lucked out in terms of the Group draw; in fact Group B has been described as the group of death in some sections of the media. The Aussie team is up against Chile, Holland and Spain, all of which have a stronger World Cup history than the Socceroos.

fifa world cup betting soccer smaller

However, that hasn’t stopped more than 40,000 tickets to the World Cup matches being sold to Autralian fans who will be making the trip over to Brazil this month. In fact, more tickets have been sold to Australians than to England fans.

But what if you haven’t put a huge chunk of your savings into a trip to Brazil – how will you approach watching the World Cup? At the moment, it’s not looking that likely that the Australian team will see it through the Group stage.

If you don’t know much about football, then watching a big tournament can be a little daunting if you don’t know what’s going on. However, if you get a grasp of the basics of the World Cup, it’ll make watching the games a lot more interesting, which is handy when that’s what all your mates are doing. There are 32 teams that have made it to the World Cup finals, divided into four groups of eight. During the group stage, each team will play the other three teams in its group. At the time of writing, the odds on Australia winning Group B are around 33/1, whereas the odds on Spain winning it are around 4/6. The winners of each group go through to the elimination stage, along with the runners-up.

We’re then into the knock-out round – where each game could be a team’s last. For people who are only mildly interested in the event, even if Australia hasn’t made it through the group stage, this is where the tournament gets much more exciting. In the second round, each of the Group winners plays a runner-up from another group. Then it’s the quarter-finals, with the top eight teams playing each other. Following the semi-finals, there’s the match between the two losing semi-finalists for third place, followed by the final, which will take place in Rio de Janeiro on 13 July.

One way to really tune your interest in a match is to get a bet on the outcome. With mobile betting apps so easy to download and use today, it’s no surprise that the majority of people now choose to place their bets this way. And bets on the World Cup could be free ones if you sign up at a site like bet365, where there’s a 100% bonus on the first deposit you make as long as it’s $20 or more – up to a value of $200.

Whatever way you look at it, this year’s World Cup will be an exciting tournament, and you never know, a free bet on the Brazilian World Cup could pay for you to go and see the 2018 World Cup in person!

Filed Under: Australian Apps, Entertainment, Sports, Technology Tagged With: FIFA 2014, Punt, Sports Event

When money transfer is right !!

June 8, 2014 by Reporter Leave a Comment

money transfer exchange  australia

Foreign exchange and money transfer will always exist because they will always be migrants in all countries and there will always be people who will send money home.

Currency fluctuation means there will always be room for people to either make more money or lose money either by trading or then just sending money home to your loved ones or family. Choosing the correct moment when it’s favourable to send money can benefit you and actually increase the money that you are sending to the other person.

The FX trading industry related to foreign exchange industry is actually bigger than the stock markets due to trading being available in these markets 24/7.

How to send money overseas or do foreign exchange transfer

1. Transfer money through bank – Now days most bank’s allow you to transfer money either to their overseas branch and also to other branches overseas. The banks usually charge a fee for doing this foreign exchange transaction, which could either be a percentage or a transfer fee. This process involves having to get special codes or transfer codes ( IBAN, NCC, sort code or BSB number) from the receiving country bank account and it can take a couple of days to process.

2. Transfer money through a private foreign exchange agency – They are many foreign exchange agencies ( Western union , Travelex, Local Exchange agencies ) that allow you to transfer money almost instantly nowadays to a person in another country. Transferring of money via a money transfer agency nowadays can be done instantly with the person on the other end receiving the money almost instantly if they possess the predetermined code the payer will give them to receive the money.

3. Telegraph Transfer – A Telegraphic Transfer is another method of transferring money overseas. This method is now fast becoming out-dated with newer and quicker methods becoming available.

Travellers cheques is another safe way of carrying money overseas or transferring money overseas and is often used by tourists when travelling. Transferring money via mobile and PayPal is another modern money phenomenon that’s taking over money exchange industry.

Many money transfer agencies have now started offering to transfer money online without your having to actually go to a foreign exchange or money transfer agency. The actual process of doing money exchange online can be quite simple, often just including a quick 3 step process

1. Select currency & amount
Confirm rate & add recipient

2. Pay money online
BPAY or electronic bank transfer

3. Track progress online, email / SMS
Money received

People transferring money overseas should always check the veracity of the transferring agency and if they meet the local registration and licensing requirement of the country from where you are sending the money.

It is also wise to check the exchange rates that your get for the currency you are exchanging to and transferring to, as sometimes different agencies offer different exchange rates and often you can get short-changed if the rate is not in your favour.

Foreignexchangedandenong is a foreign exchange and money exchange and transfer agency in Dandenong that provide you with these services.

Filed Under: Banks, Finance, Rates Tagged With: Foreign Exchange, Forex trading

10 tips on getting approval for a housing loan in Australia

June 1, 2014 by Reporter Leave a Comment

what is non conforming loans

I had a friend who approached me recently to get a loan and suggest a good broker. She was applying for a loan and got rejected multiple times. The first thing I told her was to stop and take a break from applying for loans as she was just making things worse for herself.

Banks often have a poor rating for people who applied for loans at many places and have been rejected, so make sure you really either get a good broker who will get you a loan with minimum tries for a loan from the right institutions and not further lend to your bad credit record by multiple applications for loans.

There are other options like a non –conforming loans that people who have been rejected for loans might qualify for. Non conforming loans assist those borrowers who do not meet standard lending criteria These loans often help a person in business who needs money, or to renovate a home or pay a tax debt.

 

how to get a home loan

 

First checkout, 7 reasons why you could be refused a home loan

 

1. Avoid paying bills late, where it leads to your bill being collected by collection agencies or solicitors.

2. If you have too many loans already and a low income you got very low borrowing capacity and so can be refused a loan.

3. You can increase you borrowing capacity by paying of personal loans , credit cards being paid off and cancelled, and having lower outgoing expenses

4. Don’t become bankrupt or insolvent as this will appear on your credit file and stop you from getting loans at least for a minimum period of three years.

5. Make sure when you apply for a loan that your chances of getting the loan are high, loan brokers normally know which bank has more relaxed rules compared to another bank or credit union

6. Having savings for a deposit helps you gain loan approval. Conventional lenders typically require at least a 5 percent down payment, while the minimum on FHA loans is 3.5 percent.

7. Regular employment- A steady regular employment history lends to your good record as the bank can see a regular income coming in. if you have a permanent job it adds even more to your good credit file.

8. Where you are seeking to buy your home are also sometimes factors considered for your home loan. A poor rated suburb of fire prone zone can further tighten lending criteria.

9. If you are an investor and already own other investment properties, the LVR on those properties can affect your borrowing capacity for the next loan you take.

10. Check your credit history through veda ( credit history organisation)

 

low doc loans in australia

 

There is a loan that some institutions offer called the “low doc loan” which is becoming scarcer as the markets tighten up. If the banks, building societies and credit unions won’t lend to you because you’re self-employed, newly arrived in the country or have a poor credit history, consider the "low doc" loan market. These loans can be risky if the value of your property declines rapidly due to the maximum borrowing capacity (95 %) taken on these loans. These loans are also called non-conforming loans and the interest rate can be generally a little bit higher.

Check out http://www.non-conformingloans.com.au/ to get further information on non –conforming loans

Filed Under: Gpost, Property, Queensland Tagged With: Low doc loans, Non-conforming

How are your taxes calculated in US?

May 29, 2014 by Reporter Leave a Comment

tax law in states us  australia

Taxes are common for every state or city you live in, all over the United States and if you do not pay them on time, you are likely to get in trouble. What many people don’t realize is that the amount of taxes owed actually varies from state to state and even from town to town. The reason for this is the fact that for tax calculations each state considers different factors and follows different laws.

What are some unique tax laws for the different US cities?

Although most of the taxes are rather trivial – you owe tax for your pet, vehicle and property, there are some that seem more or less strange, here are some of them:

· In the state of Colorado, some food packaging is not considered essential and therefore it’s eligible for taxation. For example, if you go to any fast food chain and order your favorite drink – its cup is considered essential, but the closing lid is not, so it will be taxed with 2.9%!

· In the state of Indian, you will owe sales taxes if you decide to get custom made Halloween costume. However, if you decide to get a pre-made one, you will not owe extra taxes.

· In Kansas taxes are applied to "any place providing amusement, entertainment or recreation services." Although, taxes can’t be imposed to airlines and airport passengers, the state’s department decided to apply sales taxes only to hot air balloon rides.

· In Kentucky candy not containing flour is imposed with taxes, while products containing it are exempt.

· In New York you will owe sales taxes if you decide to visit a haunted house! Think this is weird – you owe taxes for prepared bagels, but the ones you cook yourself are tax free!

· Fine Texas clothing is also eligible for extra sales taxes. For example, you can buy nice leather belt is tax free, but if you purchase a belt buckle you will be charged with sales tax.

· In Wisconsin ice cream cakes are subject of sales taxes, if the ice cream is mixed with another food item by the retailer. If you made the ice cream cake yourself or by anyone else than the retailer, you might not have to pay taxes unless it can be considered a prepared food.

· Since the 1960s businesses offering their customers the opportunity to dance in the state of Washington are subject to sales taxes!

· If you are more than 100 years old in the state of New Mexico you are able to receive tax-exempt. Why? Because for 100 years you have paid enough taxes according to the state’s laws.

· Some Virginia and Maryland residents need to pay taxes for flushing their toilets!

· Business owners in Utah, employing nude or partially nude workers need to pay 10$ sales tax.

· If you are resident of the state of Arkansas and you have tattoos, you will be required to pay 6% sales tax.

Besides these rather weird and unique tax laws for every state, there are many other things you need to know when it comes to calculating the amount of taxes you owe. You can learn more from this beautiful infographic titled – The Geography of Taxation!

Filed Under: TAX, World Tagged With: States, Taxation

When is gambling the same as investing?

May 27, 2014 by Reporter Leave a Comment

cas investing

clip_image004 by Kripptic

It’s often said that all investing is a form of gambling and there is a lot of truth in this. But there are also crucial differences.

If you invest in shares in a large multinational company, for example, which provides essential products like food, water, electricity, gas or mines natural resources etc., profitably, then are you really gambling? In days gone by, shares were primarily bought for their dividend income and any capital gain was seen almost as a bonus.

But today – many people seem to see them as tantamount to casino chips to be gambled with. But if you’re a sensible investor – in the true sense of that word – and you can see a well-run and profitable company supplying something that people really need, and your focus is mainly on the dividend stream – then that really is investing rather than gambling. This is because the overall pot is growing. It’s not a finite game; what is often referred to as a ‘zero sum’ game (as it would be with a group of people sitting round a table playing cards, for example) because the pot is growing.

On the other hand, if you’re dealing in currencies, for example, then that is pretty close to gambling.

You “think” the Australian Dollar is going to strengthen against the US Dollar or the British Pound for XYZ reason, so you buy Aussie Dollars – or short the other currencies against the Aussie Dollar. But this is, essentially, a “bet”. There’s no dividend income and there’s no enlargement of the overall “pot”; another zero sum game (ignoring any interest you may receive in your bought currency of course). You simply get it right, or you get it wrong.

So this is closer to gambling and we aren’t all as smart as George Soros! But at least you are using your judgement which, over time, may be like George Soros’s judgement in the sense that you get more calls right than you do wrong – or it may prove otherwise; only time will tell if you have what it takes.

This is rather like a person who studies the form to make value-based bets on the horses. S/he either comes out ahead or not. But at least it’s value-based. The same is true of poker.

Such gambling is not like gambling on games of pure chance – which is what generally happens in a casino, with games such as roulette, for example. In such games the house edge is against the gambler and there is no real judgement required.

In these circumstances, the statistics run slightly against you. But at the same time, you can often profit from the free money you can sometimes get as welcome bonus from 32Red and others. For instance, at the moment 32Red is offering a $10 no deposit bonus which makes it an attractive incentive. Or, perhaps, you simply love playing the games for their own sake. There’s nothing wrong with enjoying the process – but it’s not investing.

Filed Under: Cup betting offers, Gpost Tagged With: Casino, Investing

Mortgage Brokers Make Home Buying Easier

May 15, 2014 by Reporter Leave a Comment

mortgage broker and loans

For most people, buying a home is one of the biggest investments they’ll ever make. Finding a house and making an offer are just the tip of the iceberg. The real work begins with securing the right loan and successfully making it through the closing process. Navigating those murky waters can be confusing, and finding the best deals can seem downright impossible. A great way to simplify matters is by hiring a mortgage broker.

Top Reasons to Hire a Mortgage Broker

Like many people, you may be uncertain about paying someone else to help you find a suitable home loan product. Most people find the cost to be well worth it, though. A few reasons include:

  • Get the Best Rate –
  • Even if you have impeccable credit, zeroing in on home loans with the most competitive rates is a tall order. It’s in your best interests to pay the lowest interest rate possible. Doing so can save you thousands of dollars over the life of the loan and will result in lower monthly payments too. Mortgage brokers are well-versed about the available home loan products. They assess clients’ credit reports and ratings to determine the most viable options. That’s a lot easier than sorting through them all yourself.
  • Take Your Pick from More Options –
  • In addition to being more cumbersome, taking matters into your own hands when looking for a home loan means missing out on many great opportunities. Mortgage brokers generally have access to home loan products that aren’t available to the general public. Just make sure that the one you hire isn’t committed to just a small handful of lenders.
  • Enjoy More Flexibility –
  • Because a mortgage broker acts as a go-between, he can help smooth out the inevitable bumps that you’ll hit on the road to buying your home. For instance, your mortgage broker can help negotiate better terms for you and may be able to help you qualify for loans that you’d otherwise never be considered for in the first place.
  • Get Extra Help –
  • Most mortgage brokers offer services that extend above and beyond pairing buyers with home loans. For instance, many can work with you to help you improve your credit before applying for a mortgage. Others will guide you along through the underwriting process and keep you informed about how your loan is progressing.

Why put up with the headache of finding the perfect home loan yourself when you can hire a mortgage broker? The fees can often be rolled into your closing costs or even into your home loan, so there’s typically no need to pay upfront. Hire a mortgage broker before starting your search to enjoy the smoothest process possible.

By Garry Dowd

Filed Under: Australia, Property Tagged With: Broker, Mortgage Loans

The Benefits of Outsourcing Vehicle Maintenance

April 20, 2014 by Reporter Leave a Comment

car repair.

For a reliable and roadworthy vehicle, regular maintenance needs to be applied to ensure the safety of drivers is not compromised. Vehicle safety and reliability is a major concern for fleet managers, but the headache-inducing task of managing weekly and monthly checks on all fleets can be even more distressing – not to mention time consuming and costly.

The quality of the vehicle’s tyres, brakes, engine oil and fluid levels cannot be overlooked. Whilst some factors may seem irrelevant or easily delayed, it’s this neglect and postponement that will run the risk of fleet vehicles needing major maintenance. Poor vehicle management and significant expenses, combined with having to take your vehicles off the road screams disaster for fleet managers.

To alleviate the risks on your business and fleet vehicles, businesses are opting to outsource maintenance and vehicle management. As the day-to-day tasks of running your business add up, fleet managers are fast realising the positive effects outsourcing has. These benefits of outsourcing maintenance requirements are tied to measureable and intrinsic results. We take a look at how it’s a dependable solution to keeping your fleet on the road.

Gets You Back On the Road – Faster

One of the biggest benefits of outsourcing fleet vehicle servicing is your vehicle is being maintained by a team of qualified experts. Vehicle servicing may not be the core area of your business, but it is for someone else. Repairs will be arranged promptly and paperwork completed to ensure your vehicle is back on the road as fast as possible, in the safest condition with minimal productivity losses to your business. These guys know what they’re doing and will put their resources, energy and TLC into ensuring the vehicles are running smoothly.

The process in getting the vehicles roadworthy is fully managed, with minimal involvement required from you or your drivers. This ensures a time saving process for a fleet manager’s busy schedule.

Improved Company Focus

With less time wasted on worrying about regular vehicle checks, your company’s focus can stay on track for its core business. It’s easy as a fleet manager to get bombarded with constant quality improvements and enhancing your vehicles and this can chew up valuable time and money. Outsourcing vehicle servicing enables you to achieve your fleet’s goals and maintain more administrative and financial control.

Redirected Resources and Local Outsourcing

With the opportunity to redirect personnel and financial resources from non-core business activities to your company’s primary business, human resource productivity is significantly improved. Many companies opt to outsource because they don’t have the required resources within their own company from shop equipment to personnel, expertise and training. Getting a qualified team to take care of this will enhance driver/user satisfaction.

Fleet vehicles that are serviced locally will have the advantage of cutting down the time it takes for drivers to drop off and pick up vehicles. Most servicing companies will have a wide range of preferred suppliers to ensure you can choose one in a convenient location for local maintenance.

Managed Accounts and Cash Flow

Accounts are consolidated into one easy-to-manage monthly invoice when fleet maintenance is outsourced. Instead of drivers having to pay for their vehicle repairs at the point of service, it will be invoiced to your company workshop. Managed monthly accounts saves time with less paperwork and stress and ensures a smoother cash flow.

Vehicle servicing companies will carry all parts required for your fleet vehicles and inventory costs. No parts will need to be paid for by your business until it’s used on your fleet thus, increasing fleet utilisation resulting in increased cash flow and reduction in operating costs.

High-Quality and Approved Servicing

Once vehicle maintenance is outsourced, a team of experts will monitor the quality of any repairs and servicing done. Before any work can commence quotes are signed off by management, checked and approved.

Having repairs completed to the highest of quality by reputable people in the trade ensures money, and time, is saved by unnecessary work. Most companies follow the strictest standards in the industry and this quality assurance gives you a quick turnaround in repairs and improved reliability for your drivers.

Big Fleet Discounts

To further improve your cash flow, fleet management companies have the power to negotiate fleet discounts for vehicle repairs. These substantial discounts allow you to enjoy well-earned savings regardless of the fleet size.

Maintenance Alerts

These days, no one has the time to remember when their vehicle is next due for a service and when managing a fleet business remembering these things can be even harder. Email or SMS reminders are sent to all your drivers when maintenance is due so there are no excuses for services to be missed.

Servicing your vehicles on time is the most important factor to keep your fleet running in a perfect condition. This helps you to avoid nasty surprises and expensive repairs down the track by fixing any issues early.

Records and Reporting

As a fleet manager, your business is run with operational and financial goals to meet so having access to all vehicle operating costs, repair costs and turnaround, KPI’s and downtime is crucial. This in-depth reporting will be provided by the outsourced company after the completion of each job for you to update the fleet reporting system.

A clear picture will be painted on all maintenance and repairs completed across your fleet and this information accessible 24/7. Having accurate documentation will positively help in the resale of any vehicles down the track.

Reduced Risks

Above all, the safety of your drivers is priority so providing them with roadworthy vehicles is a must. The facility and vehicle risks associated with lack of maintenance operations is significant and includes various federal, state and local laws. Working directly with a trusted repair service will ensure your company is compliant with the fluctuating changes in regulations and technologies, and ultimately reduce risks and expenses for you and your drivers.

Author Bio

This article is written by Jayde Ferguson who writes for Fleetcare – Australia’s premier fleet management company based in Perth.

Filed Under: Small Business, WA Tagged With: Car care, Perth News

5 tips for a healthier workplace

April 15, 2014 by Reporter Leave a Comment

drinking water for healthy office

For any business the main factor that determines profitability is the productivity of its staff. So if you’re a business owner than making sure that your staff are happy and healthy is essential if you’re to have staff who are reliable and effect. So with all that in mind we look at 5 ways that you can promote a healthier workforce.

5. Organise pre/post work workouts

Workouts needn’t be the all out, hard-core routines of the local gym, instead they can be games such as 5 aside football or badminton. This is also a great way of getting a bit of a team bonding session going.

4. Encourage people to walk up the stairs

This sounds like an extremely simple tip that won’t have much of an impact upon your work place’s health. However if you start paying attention to how many times in any one day you use the elevator yourself you’ll soon realise just how much you rely on it to move you from A to B!

3. Swap your office chairs for exercise balls

Back problems are the singular biggest issue facing employers and time off work through injury. A leading reason for the almost epidemic levels of off-sick employees with bad backs can be attributed to people sitting with bad postures throughout an 8 hour day. A great way to avoid this and promote better posture is to swap the office chairs for exercise balls every now and then. These make sure that people have to sit with their back straight (otherwise they risk falling off!).

2. Ensuring that your staff get the recommended time away from their computer

Legally employers are required to provide those that work at computers with a 20 minute break every four hours, however, as many will appreciate, this doesn’t always happen. Whilst many think that skipped breaks increases the productivity of staff, in fact it actually encourages lethargy and tiredness. In particular, a breath of fresh air can help your staff get a much needed refreshment, particularly on a gloomy Monday morning.

To make sure that your staff are taking the breaks they should, you should ensure that the workplace has a set break rota and people overseeing the breaks.

1. Encouraging your staff to drink more water

Dehydration is far more detrimental to a person’s health and performance than most people imagine. www.aqua-vitae.co.uk is one company that offer water filters to ensure people have a clean, tasty source of water in the workplace. As well as this, it’s also far easier to become dehydrated than most think; to avoid dehydration, a person should be drinking around 1-2 litres of fluid each day. This equates to around eight 150ml glasses. And the effects of not doing so can include: lethargy, mild confusion, headaches, dizziness, dry mouth, eyes and lips.

If you’d like to help your staff in drinking more water and becoming more energetic then water coolers are essential. Aqua Vitae can install and fully manage your workplace’s water coolers and make sure that your staff have cool, refreshing water to hand all day every day.

Filed Under: Business Tagged With: Office health

The Basic Definition Of Forex Trading

April 8, 2014 by Reporter Leave a Comment

website software for trading  with forex trader

The Basic Definition Of Forex Trading Forex stands for Foreign Currency Exchange and it is a global market where institutions and people from all over the world can buy and sell currencies. Daily transactions on this market exceed the amazing figure of $4 trillion US. Despite this huge value, this form of trade doesn’t have a formal regulatory body and it is not centralized.

The Forex trading market is regulated through agreements between special agencies in each country. The market doesn’t have a physical location, being only a network of computers and telephones traders use for concluding their transactions.

The main players on this market are the big international banks and financial institutions. The trade the biggest volumes and may influence the market, so their transactions reflect in the variation of the exchange rates. Exchange rates are also influenced by international events, natural disasters, wars, revolutions or various crises that may affect countries and governments.

Transactions on the Forex market are done in pairs of currencies such as USD and Euro, GB Pound and Euro, USD and GB pound and so on. These transactions can record either a profit or a loss, depending on the exchange rates variations. In order to become a Forex trader, one has to use a special software or websites that enable these transactions.

There are multiple Forex trading software programs, each of them having its particularities and advantages for the user. Playing on the Forex exchange market is considered a high risk activity, because the evolution of exchange rates is unpredictable. To make yourself an idea about how this market works, you can imagine yourself travelling outside of your country. Whenever you are abroad and you need to buy something, you have to exchange money, so that you can pay in the local currency.

The exchange happens at a rate which is determined by various parameters of the Forex market and by the evolution of financial indexes.

Filed Under: Finance Tagged With: Forex trading, Formula, Strategy trading

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