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Investigating the Benefits of Practice Management Software

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As the 21st century has progressed, we have seen a variety of changes throughout numerous aspects of our civilisation. The past 20 years have seen a major increase in functionality within our society, leading to a more effective overall world. There have been a multitude of changes that have occurred throughout the past two decades, and the Internet has been a major factor in making a more streamlined society. One of the most impacted elements in the modern world has been an improvement throughout the healthcare industry. Healthcare has become increasingly more advanced due to a variety of new technologies in the field. There have been many new procedures, technologies, and tools that have helped with efficiency within medical practices. One of the most critical of these has been practice management software, a tool that implements advanced organisational processes throughout an entire management program for your office. Learning about practice management software will help you to learn about improving upon organisational methods and creating for a more effectively managed healthcare office. A decent custom software development should be requested from the professionals, so you can avoid any problems with the end product in the future.

Fundamentals of Practice Management
Software

While there have been a myriad of technological advancements throughout the 21st century that have aided the healthcare field, practice management software has become one of the most imperative for a successful medical office. Practice management software is not a medical tool, but it is certainly still utilised to improve upon the processes within a medical office. Practice management software has a variety of beneficial elements, from scheduling patients in an online portal, to building an online payment processing system, and more. You will also be provided with text and email appointment reminders for patients along with tools for improving resourcefulness. Understanding the fundamentals of practice management software is essential for the growth and advancement of any medical office.

Improvements that Practice Management
Software Will Create

There are many different tools that a practice management program is comprised of and learning about these many features is certainly important before investing in this technology. However, what is more important is understanding how these myriad features will improve upon your medical practice. One of the most important elements of top quality practice management software is a heightened security system that will improve cybersecurity for all patients. This is imperative in an increasingly dangerous online world, as practice management software’s security system will both be more secure than paper-based systems as well as other lesser computer systems. As well as security, practice management software will also bring the benefit of increased communication throughout the entire enterprise. Patients will have increased communication with the medical office, as they can get send and receive messages from their providers and get appointment-related information such as online scheduling and reminders. Staff will also have improved communication as they can find information easier instead of having to go to another member of the team.

Final Thoughts

The medical system has become increasingly advanced throughout the 21st century, and practice management software has become one of the most integral facets of a successful office. Understanding the features and benefits that practice management software will bring is extremely important in an increasingly digitalised healthcare environment.

Hostinger’s Website Builder Lets You to Build a Website in Minutes – Not Days

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Start-ups can be tough to get going, and
website development and costs are not affordable for everyone. But there are
options out there, that enable small business start-up entrepreneurs to create
a website in minutes.

Basic web templates are free of charge,
and you get quite a few bells and whistles to support your new initiative. Get
an SSL certificate and free web hosting with a basic plan, and loads of
guidance to get your website up and running quickly.

Sounds too good to be true? Well, it isn’t. Let’s break down Hostinger’s new website builder. Here’s what you can expect: Website Builder | Easy to Use | Get 90% OFF on Hosting.

What Exactly is a Website
Builder?

If you already have an offline business,
and want to increase your target market exposure, you might have considered
having your own website. But websites are expensive unless you know an expert
who can do it at a low cost.

Current developments have become so
advanced though, that use of a website builder takes care of your online
platform to showcase your business.

You might be wondering what a website
builder is. Basically, it is software that enables the novice to create their
own personalized online site, using a template.

Once the basics have been achieved, you
can launch your business online at no cost, or
typically pay a little extra to unlock more powerful features.

The website builder is easy to use for beginners because coders understand that not everyone is tech-literate. You simply need to fill in the gaps with content or products, and you can be up and running in no time. Typically you can use drag and drop tools that make site building as easy as playing with a mobile app.

Start Free and Scale as You Grow

Who hasn’t dreamed of accessing a
website builder to start a business, but has been put off by the costs? Then
there’s the question about how easy it will be to use when you have little to
no tech experience.

Anyone without IT experience is able to register for an account, log in, and have their website up and running in less than an hour. The Zyro website builder has all the basics you need for starting for free. If you want to get extra marketing or eCommerce tools or wish yo attach domain, you will need to opt for one of the paid plans, which come at a great price.

You’ll receive a free SSL certificate
with a basic plan, together with free hosting on this website builder. If you
want to take advantage of the premium account, you will be able to use advanced
functions to improve your website and improve marketing. From email signup
forms to Google Analytics integration.

Further tailored options become
available with a premium account, together with bandwidth boosting if you
decide that’s what you need.

SEO-Friendly
Out of the Box

Zyro already has built-in SEO, so your website is conveniently, and automatically discoverable online. For those who are not familiar with SEO, or search engine optimization, several tools are used to increase your website’s online visibility. You can also use other SEO tools to make it easier for your visitors to find you. Original content, blogs, and other tools will help you reach this goal.

Ease of Use – Check

Everything is available to you to create
your own website rapidly so, which means there’s no coding required. Expert
coders and web designers and developers have provided all the foundations that
you need to develop your own website.

Anyone is able to use the templates, and
follow clear instructions to create the platform they need for their new
business.

A user-friendly drag-and-drop system is
in place to put content and images where you need these to be. Coding is for
the pro’s, and they’ve already built the foundations to take the pressure off
you. Zyro acts as an equalizer, essentially eliminating the barrier to entry
for small businesses to get online.

How
Will Zyro Benefit a Small Business

You will derive multiple benefits from having an
online business website, or a website that complements your offline business.

Zyro enables greater visibility for your business for one, but credibility and convenient customer access are others. To add to your convenience, a website is also an excellent promotional tool.

Wrapping Up

Not only does Zyro make it easy to
launch your online business, but having a website is also a great way to build
stronger relationships with your customers.

Discounts or promotional offers are
suitable to view, while the generation of an email database further aids in
extending your business reach.

Entrepreneurs can use this website
builder to do a lot of the work for them, while they focus on exercising their
core business talents.

Customers can get 90% OFF on Hosting
fees at the moment, making a website builder an excellent way to kickstart your
entrepreneurial pursuits.

Easy to use and free, the current market
makes it cost-effective to follow your dream.

Why eco-pods make great classrooms

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Tired of seeing the same old outdated portable cabins? Need a functional learning space outside of school?

Pod Developments are passionate about making their eco-friendly new learning spaces places to inspire children of all ages.

Philip Doleman, who creates bespoke eco-pods – small, sustainable abodes –  said he refused to design ones that were in any way institutional and instead, would take inspiration from nature.

Here’s his reasoning why eco-pods make great classrooms.

Focal points

Unlike portable cabins that look a little like sheds, eco-pods are streets ahead of anything else on the market, both aesthetically and in terms of quality of build. 

They last a long time so are an excellent investment when budgets are limited and they add a real focal point to any school.

Breath of fresh air

Eco-pods offer schools a building that is a breath of fresh air. We want them to inspire people but also show a strong environmental ethos and forward-thinking approach out into the neighbouring area. They are also a great opportunity to allow children to connect with nature.

Reduced costs

It goes without saying of course that eco classrooms are environmentally friendly and are doing their bit to keep the environment in check. 

Energy efficient and sustainable buildings like these reduce overall energy bills, with some even using renewable energy such as solar panels. 

So, as well as being places to learn in, they also provide a talking point in science and maths lessons!

Eco schools accreditation

These eco-pods can compliment some great geography and science lessons, which can only boost your school’s efforts to be awarded eco schools status.

Topics on recycling, renewable energy and biodiversity all fit in nicely – and what better way to learn about them, than being in an eco-classroom.For more outdoor classroom inspiration, contact Philip Doleman through http://www.ecopoddesign.co.uk/

How the Coronavirus Will Change Britain

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We are only at the start of the Coronavirus pandemic, and we
are already starting to see that the way in which the UK works is changed
forever. Even when the country comes out of lockdown, the Britain that we knew
in 2019 has gone. It isn’t coming back.

The Death of the
British High Street

The British High Street has faced a lot of challenges over
the years. Independent shops have seemingly gone the way of the dodo in many
smaller towns. The properties that aren’t boarded up seem to have been filled
up with those major brands. Pretty much every High Street looks the same in
this country now.

In March, retail sales plummeted. With a 4.3% drop on last year, this is the biggest single month decline since 1995. This was at the start of the lockdown. A time when most people still had jobs and had the ability to splash a little bit of cash. May and June figures are going to look different from this.

Retail is going to change. Companies you loved and cared for
are going to go out of business. Companies simply do not have the funds
available to sustain themselves throughout an extended lockdown. Even the
largest companies may only have cash reserves to cover them for a few months,
as major retailers such as Debenhams discovered.

The only companies that will be able to thrive are those who
sell online. Amazon, as you may be aware, is a ‘big winner’ right now.

The Loss of
Investment

Brexit resulted in a significant loss in investors in the UK. In fact, for January to March, the UK handed out fewer investor visas than it has in 4-years. This was before the lockdown. People are going to be even more anxious to invest in the country post-lockdown.

Economic experts are predicting one of the harshest
depressions the country has ever seen. With no vaccine for the virus coming any
time soon, the economy isn’t really going to get the opportunity to recover for
a good while. This means that investors are going to be dubious about putting
their cash anywhere.

The result is a lower amount of investment in housing. We
will not be able to see new companies replace the ones that have disappeared.
The stock market will plummet, which can cause untold job losses. Companies
will be reluctant to expand and may end up scaling back their business operations.

Continual investment helps make a country tick. Even if you
are not an investor, you will still benefit from those investments. Your town
or city would have seen a boost in income from these investments. Your job may
become unstable due to lack of investment.

Remember; it isn’t just external investors that we need to
worry about here. Companies are now starting to realise that their business could disappear overnight. As a result,
a lot of them are trying to build up their cash reserves to ensure that they
are ready to deal with a second wave. It is their staff that suffer from this
hoarding of cash. Of course, it will also have a knock-on effect on the
manufacturers and wholesalers who may not longer be required to send as much
product to the stores and businesses that they deal with.

This lack of investment will impact the UK for a long time
to come. Couple this with Brexit, and it is going to be a long time before we
see a light at the end of that tunnel.

Recreational Changes

One change that you are likely to see impact you in the
immediate future will be your recreation. People need some ways in which they
can entertain themselves. Sure, soon we will likely be able to go outside and
mingle with our friends, but we still won’t be able to get close to them. We
need to socially distance themselves.

We are starting to see a rise in the number of people who are using the internet to entertain themselves. Game companies have seen a massive increase in the number of players and games they are selling. According to casinofans.co.uk, casino sites are seeing a massive boost to the number of people who are playing online, particularly when it comes to live dealer casinos.  

We are likely going to see changes in the way people
entertain themselves. Massive changes. The Great British pastime of heading to
the racetrack or catching a football match are out of the question.

We, honestly, have no way to know exactly how recreational
activities will change. Just know that for the foreseeable future, you are not
going to be able to socialise in the ways you were used to.

Lykke Corp Is Launching The Open Initiative To Combat The Fallout From The Current Pandemic

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“The Open Initiative is a platform for proposals aiming to
enhance the current financial system with new tools and services which unlock
resources at the service of the people and their governments. Lykke is inviting
people and organizations from around the world to contribute with their ideas
and resources”

The proposed initiatives include:-

  • Supply Chain Platform

Leveraging the
efficiency of financial market mechanisms to solve supply chain bottlenecks.

  • Digital vouchers platform

Digitizing
Government initiatives for SMEs, Labour Force and more.

  • Real-time information system 

Aggregating,
verifying and forecasting of information necessary for decision making on a
personal, business and government level.

  • Research initiatives

New approaches
and ideas that contribute to the management of the current crisis and to the
development of responsive solutions.

The Open Initiative will fund community
solutions for key proposals to address crisis impact. Lykke is
also seeking funding from individuals and organisations, including governments
to come forward with business proposals for the whole project and/or specific
components. The problem-solving approach of the initiative has already awakened
interest among enterprise, researchers, and professionals of the industry.

Thereby Lykke is delighted to announce that
the 13th Chairman of the U.S Commodity Futures Trading Commission
(CFTC),  J. Christopher Giancarlo, joins
this effort as Strategic Advisor to the Open Initiative. Formerly, he acted as the vice
president of GFI Group Inc. where he was responsible for the strategic
transactions and relationships of GFI. Giancarlo was also one of the members of
the United States Chamber of Commerce’s Board of the Center for Capital Markets
Competitiveness.

Christopher Giancarlo is also known as
“Crypto Dad” mainly because of his efforts in promoting a blockchain-based US
dollar which, unlike Bitcoin, will be centralized and regulated by the Federal
Reserve. Due to the expertise of Christopher Giancarlo in blockchain
technology, his endorsement of the Open Initiative is expected to yield
tangible benefits.

“We
are delighted that Christopher Giancarlo is joining the Open Initiative, we are
excited that he is supporting us at this crucial time in our business. There is
a global revolution going on that combines blockchain technology, finance, and
positive social change. I am confident that Chris Giancarlo has the vision and
capability to play a significant role in shaping this revolution.”
– Richard Olsen (CEO of Lykke).

Christopher Giancarlo will also be one of
the members of the Prize Committee that will evaluate the Open Initiative
submissions. All submissions will compete for funding in the form of a prize,
one per each of the four fields of action. The Committee includes the following
people: 

For further information about the prizes
and on how to participate in The Open Initiative, please contact: openinitiative@lykke.com

About
Lykke:

Lykke is a
Swiss-based blockchain company and financial product provider. Lykke is
addressing critical failure points of the economy by leveraging blockchain
technology.

Democratizing
finance by eliminating market barriers, Lykke provides and promotes equal easy
access to the digitization and trade of virtually any asset of value from
anywhere in the world.

A
pioneer in the blockchain space, Lykke has several years of international
operational experience with a sophisticated financial engineering team, scalable
blockchain infrastructure and in-depth know-how in the tokenization of assets
of all types.

Media
Contact:

Company Name: Lykke Corp

Contact Person: Marina de Mattos

Email: pr@lykke.com

Contact No: 0041762274163

Address: Lykke Corp, Alpenstrasse 9, 6300 Zug, Switzerland

Website: https://www.lykke.com

Process you must follow to buy a home in Spain

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According to data from the Spanish Ministry of Development, in 2012 the number of foreigners who bought a home in Spain was 12.2%. In 2017 it was 17.2% and in 2018 it was 15.7%. And in 2019 it reached 16.5%. This confirms that in the last 7 years more and more foreigners have acquired homes in Spanish territory.

Many reasons have led to this situation: the sterling/euro exchange rate that favored British buyers before the Brexit and investment opportunities for German, Belgian, Russian, Chinese, and other buyers from other countries. If you are considering investing in a property and you are interested in the real estate purchasing process in Spain, read on.

Steps to buying a property as a foreigner

To buy a property safely while being a foreigner, you only have to add the obtaining of the NIE to the steps that we explain below, as established in article 206 of BOE 103 (April 30, 2011), about rights and freedoms of Foreigners in Spain and their social integration. This number is known as the Foreigner Identification Number (NIE).

You can request the NIE in person at the General Directorate of Police in Spain (as long as you are not irregularly in Spanish territory) or at the Spanish consular offices in your country of origin. In addition, you must inform about the reason for requesting the NIE, in the case of real estate purchase, it will be enough to include in the request ‘Home purchase’. 

Looking for the property

Possibly it is the step in which you need to invest more resources, especially time and energy. Searching for a property involves approaching the market where you want to invest, knowing its streets, its neighbors, and comparing prices. To reduce risks, it is advisable to have the help of a real estate consultant who knows the area where you want to buy well. 

Verify

 Once you have found the property you want to buy, and before making any money outlay, you will have to:

  • Evaluate the physical characteristics of the property: verify the meters built, degree of conservation, luminosity, height, views, etc. Again, it is helpful to have an expert, whether a real estate consultant, architect, or surveyor, independent of the seller.
  • Evaluate the legal situation of the house through the corresponding Land Registry: It is advisable to have the support of a real estate advisor or independent lawyer of the seller. 

Formalise the purchase-sale contract

The operation of buying a property is formalized with a public deed by signing it before a notary. This contract must be clear, simple and include the following information: proof of ownership and charges, description of the house, total price, the form of payment, and date of delivery of the house. Before the public deed, there can be two steps, without mandatory reservation:

  • Reserve: the real estate advisor intermediates in the buying and selling process, by delivering an amount of money that can reach 1% of the price of the house. The buyer’s price offer is included in this reservation, that is the previous step to the formal start of the negotiation process. Within a period of time (normally 24-48 hours) the seller will either accept the offer or issue a counter-offer.
  • Arras Contract: this contract is signed by the buyer and the seller and constitutes an obligation on the part of one to buy the house and on the other to sell it. As a reference value, the amount delivered in the deposit is usually less than 10% of the final sale price.  

Payment of taxes on home purchases 

Once you have purchased the property in Spain, you will have the privilege of paying the corresponding taxes. There will be two:

  • Patrimonial Transmissions or VAT: It will depend on whether you buy a new home or a second-hand one. In the first case, you will have to pay VAT (maximum 10%), while in the second case you will pay the Property Transfer Tax that depends on each Autonomous Community.
  • Documented Legal Acts (AJD): The AJD is also transferred to the Autonomous Communities and constitutes the expenses of the legal documents necessary to close the transmission of the house. It is established as a percentage of the deed value that changes according to the community. For example, if you buy a home in Madrid with a mortgage, this tax will be between 0.4% and 1% of the total amount of the mortgage liability.

Prior to the steps described, in case of buying the home as a foreign citizen, you must make the application for the Foreigner Identification Number (NIE). 

How to create a reliable commercial fleet

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For any commercial vehicle
operation, reliability is essential. You need to have confidence that your
fleet is capable of carrying out deliveries and travelling across the country –
sometimes even the continent. If you are looking at making your fleet more
reliable and feel happy and confident about sending it on the road, we have
some tips on how you can achieve this.

Fleet management
systems

Technology has developed
massively over the years and now there are some very clever and advanced
systems available which give you vital information about your fleet. These
systems can not only make the job of a fleet manager more streamlined but can
improve the safety and productivity of your fleet too.

What you can look forward to by
investing in a fleet management system:

  • Optimised routes

With full route optimisation, if
a new job appears, you can see which driver is closest and reroute them to the
new destination. With this kind of flexibility, you can improve customer
satisfaction immensely thanks to the quick response the system allows for, as
well as being more cost-effective by using a vehicle and driver already out on
the road.

  • Real-time tracking

You can rest assured that your
vehicles and drivers are safe thanks to the live, real-time tracking available
on fleet management systems. This will not only allow you to see when a driver
has reached/left their destination, but you will also be able to divert them if
they encounter traffic – increasing productivity.

  • Save money

Investing in a fleet system can
help save the business money in a range of areas. In fact, according to fleet
management system
provider ABAX, you can
save up to 18.5% of your typical costs with one in place. Having the ability to
plan drivers’ routes and provide a reroute solution, the business can save on
fuel costs thanks to smarter planning. Not only that, but the system also
allows managers to monitor a driver’s behaviour, meaning you can see where
harsh braking or accelerating and speeding is occurring. By monitoring
behaviours, you can see which drivers may need additional training, which in
the long run, will reduce vehicle damage and fuel waste – saving even more
money for the business.

Invest in training

For a reliable fleet, you will
also require some assistance from drivers to help run a dependable operation.
At the beginning of every shift, the driver of the vehicle should perform a walk-round check.
These are essential and will determine if a vehicle is safe, legal and ready to
get on the road. The government notes 24 points that need to be checked on a vehicle before it can be driven. These include the
likes of mirrors, seatbelts, fuel leaks and tyres as well as many more. A
walk-round check not only ensures your vehicles meet the legal requirements,
but can also help to prevent injury and death – tyres can, and will, come off if they are not regularly checked and secured. Invest in
appropriate training for staff to ensure they know what they need to do to
safeguard your operation and stay reliable, dependable and compliant.

With a combination of technology and human
assistance, you can feel confident that your fleet can be operated to a high
standard.

How to Pay Off Debt Quickly

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In most households, it is likely your family carries some form of debt. These debts might be in credit cards, student loans, financed purchases, or a mortgage. While some debt is manageable and good, other debt can have your family deep in the hole struggling to get out. Not having a plan can deter you from getting out of debt and really hamper your opportunity to build household wealth. You should consider the following steps to pay off debt quickly and be careful in what you choose to take a loan out for. 

Save a Couple Thousand Dollars in an Emergency Fund 

You are probably asking how does saving money get me out of debt? The reality is that the first step is critical towards getting out of it. For most people, they try to get out of debt quickly, when a problem arises in their household. This could be a broken appliance, a leaky roof, or some other circumstance that kills any momentum for getting out of debt. The reality is that having a few grand set aside at all times while you pay down debt is important because it shows you are capable of reducing household expenses and gives you wiggle room to gain momentum in paying down your debts. 

How to Get a Hard Money Loan 

Once you are debt-free, the question is when you should take out a loan. Generally, the only loans that you should take out are for real estate. In this case, a hard money loan is usually the best way to go. These loans are usually the best because they are backed by collateral, which enables a lending institution to be more willing to lend as they can take your property if you default on the loan. 

Start with Smallest Debts and Work Your Way to Bigger Ones 

Conventional wisdom would say to pay down the debt with the higher interest rates first, and then pay down small to no interest loans last. While this may be the better idea mathematically speaking, for someone who needs the psychological momentum to pay down massive debt, it is always better to tackle debts smaller to largest. This is something known as the snowball effect. Paying down debt is always a matter of will power versus dollars. 

As you start to pay off each of your existing loans, you will feel a sense of accomplishment and will give you the belief that getting out of debt is a doable process. More importantly, once one loan is paid off, it then frees up cash flow to tackle the next loan more aggressively. Obviously, since most loans have minimum payments, you will have to keep making those, but if you can use that extra cash flow to pay down a loan as fast as possible, you will feel real progress moving forward. 

Do Your Homework 

It is important to always read the fine print of loans as they come with a lot of terms and conditions. Ideally, you may want to minimize interest paid on a loan if you have a lot of cash flow on hand, so make sure there is no prepayment penalty. Also, make sure you understand the interest rate and whether it is fixed or variable. You will want to make sure the loan is from a reputable lender who has a good history of offering quality loans at reasonable interest rates. You will want to make sure you shop around to find a good interest rate as these loans tend to carry higher interest rates. 

You will also need to make sure that the property you are asking a lender to invest in has investment potential. A lender could call your notes if the property value goes under or has not realized a return. Showing a lender that you have experience in real estate is important to give them confidence that you know how to invest wisely in properties. You will also want to make sure you have the capital set aside to pay the loan off in a short period of time. Most hard loans have a maturity date of twelve months, so any insolvency on your part could force the lender to take over your property. 

Only consider a hard loan if you need a bridge to own real estate. Just make sure your investment goals are financially sound and well cared for. 

Making the change from amateur to professional forex trading

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Practice makes perfect. That is certainly the
case in the exciting world of forex trading.

Most newbies to forex will have to go through a
period of education and learning to gain the fundamentals of how to trade, what
to trade and – arguably most important of all – when to trade.

That will take you from being a trading
newcomer to the position of a novice or amateur. So how do you move on from
there to become a pro trader – one who makes a consistent secondary income from
their trading, with designs on it becoming their primary way of making money in
the future?

Here is one thing that DOES NOT separate a professional
from an amateur: technology.

Some people think that when you have a pro
set-up, with multiple screens, the leading software and an array of technical
indicators, that you suddenly become a professional.

But here’s the thing – you can have a pro
set-up with an amateur mindset, and ultimately that will not take you to where
you want to go with your trading.

Instead, focus on the five pointers listed
below. Master them, and your journey from pup to pro will be a whole lot
quicker and smoother!

#1 – Be professional

Sounds simple, right? If you want to be a
professional, you have to think like a pro and act like one.

One area where amateur traders tend to fall
short is with their mindset. Are you trading as you see it as some kind of ‘get
rich quick’ option? Trust us when we say if money is your only motivation, you
are 99% likely to fail as a trader. You will chase losses, shovel more and more
money into your account and, ultimately, lose the drive required to be
successful in the long-term.

Professional trading is difficult and requires
plenty of effort, research and – in the vast majority of cases – some kind of
learning process. Even pros make mistakes when the market moves against them!

At the very least, pro traders invest in
quality software – asking questions like is OCTAFX a good bet? – and don’t try to cut
corners. They take the time to research their chosen Forex targets every day,
and they rid themselves of distractions – phones, iPads, and social media.
YouTube and the like need to be put on the backburner.

Think like a pro to become a professional.

#2 – Plan your every move

Amateurs dive into the markets with both feet
when they think they have spotted an opportunity, with no real plan on what to
do if prices move against them.

The professional, meanwhile, caters for every
eventuality before they open a position. They know when to green up and exit a
winning position, and they will have contingencies in place when an unforeseen
change undoes their technical analysis.

Patience and planning help to minimise the risk
of amateurish decision-making.

#3 – Get the pro mindset

Charging into a trade after experiencing the
highs of a ‘winning’ run, or in chasing losses after a previous trade goes
wrong, are classic novice tropes.

Professional traders
act without emotion

– executing a trade only when the numbers and visuals stack up correctly.

Novices only have a small sample of trades to
reflect upon, and that can lead to feelings of invincibility when your ‘career’
starts well – you’ve found an edge, right?

Well, come back after a thousand trades and
let’s see.

As far as you are concerned, streaks don’t
exist – and all of your trading decisions are taken with a pro mindset when the
indicators are there.

#4 – Understand risk and reward

Most newcomers to trading will be risk-averse in the
early stages
,
and that is understandable as you are learning your craft and looking to
protect your investment capital.

Professional traders, however, don’t consider
the numbers of a trade – they will open and close a position as their analysis
dictates, not thinking about how much cash they might ‘win’ or ‘lose.’

You can see the difference between a pro and an
amateur in the use of stop losses and other automated tools. Professionals realise
they are essential – amateurs let their emotions take over and refuse to use
their software correctly.

#5 – Reflect and analyse

A trade is a trade – some you will close in
profit, others you will have to take a loss on the chin.

The critical point is that one trade should not
affect the next – all of your positions should be taken independent of one
another. You have to fight the desire to be more risk-averse after a loss, or
gung ho after a profit-maker.

That is perhaps the key differentiator that
sets professional traders apart: they make a trade, analyse it and note what
they could have done differently, and then move on to the next.

If you consider yourself an amateur but want to
improve your trading, we heartily recommend keeping a notebook of your trades –
what did you do well and what could have been improved?

By following this, and our other steps, you can
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Is General Electric Hopeless? Investor James Richman Still Confident It’ll Reach $10

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There is a saying that goes, “when you’re down, there’s nowhere else to go but up”. Generally, traders don’t believe this. It does not follow that a stock will rise when it’s sitting well-below its average.

Jesse Livermore, one of history’s greatest investors cautions to “never buy a stock because it has had a big decline from its previous high”. 

It remains interesting what approach will be the correct route especially in terms of General Electric’s future.

James Richman, the Latvian-born private investment fund manager, makes it even more interesting by making a bold forecast that GE will break the $10-level barrier. He even went as far as taking the contrarian approach  against the Sage of Omaha, Warren Buffett, after the stock has temporarily touched the $5-level.

As the stock experiences recovery from its historical low, it is now poised to double its value.

A very resilient conglomerate

Through April 9, year-to-date, GE’s stock has fallen 36%. This means it has relinquished all its previous gains since CEO Larry Culp held the reign of the company in October of 2018.

The last month saw GE’s shares fall lower than its December 2018 floor at 6.66. Its price even loitered near the March 2009 low of 5.73 and slided up to 5.48.

However, this is not the first time GE has stumbled in the market. In 2008, General Electric was affected badly by the recession. During the period, its stock price went down by as much as 78%. While the broader S&P fell by 51% at that time, GE’s shares stumbled steeply from $27 to $5-level.

The company then made a continuous rally in 10 months. It had an 82% increase from March 2009 to January 2010.

This is almost double the S&P increase over the same period. It was also during this time that James Richman earned a whopping 200% profit from his initial investments. His firm was one of the few that was able to thrive during the financial crisis of 2008.

Popular and soon-to-rise

General Electric is still one of the most closely monitored and traded stocks on Wall Street. The average shares that go in and out, amount to 52 million on a given day. It is noteworthy that GE stocks earn a commendable 82 over 99 EPS rating.

The rating reflects the company’s standing on fundamental earnings. This goes with an SMR Rating of C which interprets its sales growth, return on equity, and profit margins.

These factors contribute towards the positive outlook that other investors are taking concerning the General Electric Company.

James Richman, whose investments have been successful due to his natural talent with pattern recognition, is someone who is quick to put his profits towards his philanthropic efforts as he is one of the investors who have pledged to increase their investments towards efforts fighting against coronavirus. He is also reportedly doubling down on his investments in the UK, particularly in London, the South East, Wales and Scotland.

Sources close to the Monaco-based investor reveal that despite the odds, Richman has already placed bets that GE stock will be back to the $10 level, and likely to put the profits to good use by increasing his socially impactful investments, especially during these tough times with the global impacts of coronavirus.

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