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Author: Catherine

Avid blogger and career path expert who loves to help people fulfil their dreams. Currently raising my family and walking my dog when i'm not on this site.
Small Business Owners: News Flash – You Can’t Do It Alone

Small Business Owners: News Flash – You Can’t Do It Alone

While building your small business, you will likely need to consult various professionals from time to time. Typically this will occur on an as-needed basis, which may stem from the need for specific information to help your business function more efficiently. Sometimes you need specialized guidance when dealing with certain situations or issues. Here are several experts that can possibly help your company to thrive and avoid major problems.

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Increasing Brand Recognition: Integral Steps for Startups

Increasing Brand Recognition: Integral Steps for Startups

Start-ups are appearing left and right which is making it a very crowded market. Taking the chance to be a start-up enterprise in this day and age has shown incredible promise of fame and success as self-made individuals appear to be the new models of entrepreneurship in this growing age of technological advancements and the ever-increasing development for services that are innovated to fit the new demand of the public. Here are some steps for start-ups to consider in building their brand’s accessibility in the modern market.

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Exhibition Lessons Learned from a Careers Expo

Exhibition Lessons Learned from a Careers Expo

Recruiters these days are identifying talent long before it even really knows the direction in which it is going to get developed with companies lurking at career expos they might have even organised themselves. From the point of view of a company that’s exhibiting in a bid to land some business or spread brand awareness, a lot can still be learned from how exhibitions are run as part of a careers expo.

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How You can Best Assess the Value of Your Business if You Want to Sell it

How You can Best Assess the Value of Your Business if You Want to Sell it

Deciding to sell your business could be one of the most significant decisions you will ever make, as selling something you’ve worked long and hard on cannot be easy. Once you have made the decision, there’s no turning back – but it doesn’t end there. You still have to work out the worth of your business and its value, and although you can go the standard route and calculate your business’ worth based on your assets and your business’ structure, there are other factors which can affect your business’ value as well.

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4 aspects to include in your internationalisation business plan

4 aspects to include in your internationalisation business plan

In the recent years, a rapidly growing number of UK based businesses decides to approach foreign markets and expand their potential customer base and market share abroad. Even with Brexit looming over and the uncertain outcome of this political situation, business owners in the United Kingdom seem to be putting on a brave mask and are ready to face the challenges.

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The Sidelines: Making a Career Out of Online Jobs

The Sidelines: Making a Career Out of Online Jobs

No matter your work ethic, it’s always a dream to be able to work comfortably from home – or at the very least earn enough money on the side to be comfortable. While it can be unorthodox, these methods are still capable of receiving enough money to be worth doing. There are even those who make a career out of jobs that you might not see as overly reliable, experiencing enough success actually to quit their day job.

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Career and Job Advice: Appreciating Bosses and Employees

Career and Job Advice: Appreciating Bosses and Employees

Careers aren’t just about how well you navigate your professional material. They are also about how well you interact with your bosses, co-workers, and employees. You can do a fantastic job at whatever it is you are professionally required to, but if you can’t figure out how to get along with everyone, that can make your career miserable, and negatively affect everyone around you.

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Can You Make Forex Trading a Full Time Job?

Can You Make Forex Trading a Full Time Job?

You eat up every last bit of market data available and Bloomberg is always on in your office. Trading isn’t just a hobby it’s your passion. Choose a job you love, and you’ll never work a day in your life, but is a professional Forex trader a viable and sustainable career choice? And what are the steps you have to create this exciting career path as a professional Forex trader. Let’s take a look.

Step 1 – Strategy

The difference between hobbyist and professional is consistent income. In trading terms that means consistent returns on investment. If you are so passionate about trading then I am absolutely sure that you have a strategy in place. It could be based on technical or fundamental data, (although its probably a better idea to use both) because forex trading as a career without a strategy, is like jump roping on the edge of cliff. Although you might be successful for some time, eventually the fall will come.

To transition into more professional trading, being able to prove consistent returns is important. This shouldn’t be confused with a no-loss strategy (a unicorn or silver bullet strategy if you will), anyone on the markets knows that loss is part of trading. Overall though if your accumulative losses and wins keep you in the black then you have paved a solid path to professional trading.

Step 2 – Save

Most articles about how to trade are usually sell, sell, sell. They claim that you can trade with any amount (which is true to a certain extent) – but the truth is to be a professional Forex trader, you will need a bit more “heft” behind your trades. What I mean is that you need a slightly more substantial trading account if you intend to go pro. Most analysts say that $10,000 is a good starting level, because this means you won’t be as heavily dependent on leverage, which can skew your risk/reward ratio towards risk. For example, the chart below shows a movement of 53 pips at the opening of the market – which let’s say would be a $53 return with a $1000 position, but equates to $530 with a $10,000 position in an ideal scenario.

If your strategy is intraday – a more substantial account can help make smaller movement more profitable. Another benefit of trading with a bigger account is that it negates the need for high leverage. With a smaller account to make a trade that is significant enough you would have to use a high level of leverage – and a smaller move against your position could blow your account.

Step 3 – “The Back Door”

There are other methods to trade forex as a career – one is becoming a money manager. It’s not an easy gig to get into – you need a proven track record of between 2-3 years with documentation and a license within whichever jurisdiction you have clients. Of course, the license will also benefit you professionally as it would be extremely challenging to convince anyone to give you thousands of dollar, euros or pounds without any professional certification.

Another way to launch a career as a professional forex trader, is by partnering with a broker that offers an affiliate program. If you have a blog or a strong social media presence, then there are programs that allow you to point potential clients towards the company you are partnered with. Although it isn’t directly related to becoming a professional, this can be a jumping board for developing credibility and a pool of clients to draw from when you are ready to transition.

No matter how you choose to launch your career as a professional forex trader, partnering with a forex broker with risk management tools, an intuitive platform and fair trading conditions – that help the trader not the broker – can make achieving your dream just a little less challenging.

Investing 101

Investing 101

If you’ve decided to give investing a go, you’re on the right track. No matter if you’re getting close to retirement or you just got your first job, getting into the world of investing means you’re starting to care about your financial future. However, contrary to what so many people believe, investing is tough and you can’t just magically turn a single paycheck into millions. But with enough planning and careful thinking, you should be able to get it right. And to help you get your investing career off to a good start, we came up with an investing guide for beginners.

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