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Small businesses are often plagued with many different kinds of risk, big and small. Although some risk is simply unavoidable, many times you can influence how much you are exposing your organization to negative effects and can make sure that it’s the least amount possible. Ensuring long-term employees, minimizing security risks, controlling and properly managing your finances, and remaining flexible at all times are just a few crucial ways you can help your small business reduce risk. [Read more…] about 4 Ways Technology Can Help Small Businesses Reduce Risk
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Organizations of all sizes struggle to retain top talent and improve performance of those at all skill levels. A mentoring program is one way to deal with both of these issues. Internal mentoring programs have a number of benefits for employees throughout their careers, though the greatest benefits are for new hires. Here are three reasons your business needs an internal mentoring program.[Read more…] about 3 Reasons Your Business Needs an Internal Mentoring Program
Gregory Fishman, the president, and chief executive officer of Resolvly, started his career at the age of 19. He was first employed at a chemical manufacturing company as the national director of sales. Gregory was later promoted one year after working at National Interchem to become its vice president. He worked at the company for close to three decades, and he spent his final eight years at National Interchem as its president after buying it from Art Saltz who was the original owner. However, Gregory Fishman later sold National Interchem and moved with his three kids to Florida.
Finding the most efficient web tools and services for online entrepreneurs require us to invest serious hours of researching. This means less time to invest in our projects and for our customers.
Any web tool or service you are looking for, there are hundreds or even thousands of similar solutions. How do you know which one to choose? In 2019 all companies have great looking websites and know how to sell you their web tools and services. Itâ€™s very hard to differentiate these solutions, all seem to do the same but there are lots of important differences between them. Testing them can cost you money if free trials are not available and for sure you have to spend good hours playing with each solution.[Read more…] about Web Tools and Services that will Help Any Online Entrepreneur
Digital courses grow more and more common online. They are a great way for people to bypass expensive traditional educational methods, and gain expertise in new fields. Entrepreneurial online courses have also proven lucrative for the experts producing them. As a potential entrepreneur in the education industry, you might wonder what steps you need to take to sell your idea for a course. Once you have your learning concepts ready, there are many actions to getting your course available for sale on the internet. These steps below will show you how to sell your own digital course online.
Proper forex strategies are one of the critical elements that a successful trader must have. This is because they create an appropriate guideline of how the trader will handle the market situations and changes. However, coming up with them is not the end as you will still need to test and analyze them. This write up will give you proper guidelines of how you can effectively test them.
There are two main backtesting methods: the manual method and the automated method. Whichever method you decide to you use to test your strategies, the process should help you to analyze all the situations which arise.
Manual backtesting is done by manually scrolling a bar to bar with the forward arrow of your keyboard. The method can be quite arduous and timely. It is also prone to human mistakes and errors. For instance, it can be quite hard to find out the specific currency pairs which generated lower price points by looking at a piece of paper.
Manual testing involves four main steps:
Step 1: open the currency pairs chart which you want to test. After that, scroll on to the previous chart. In most online trading platforms, you can opt to drag and drop then change the date of the chart. You should also make sure that the trading indicators, as well as the other trading tools, go in hand with the strategy you have applied.
Step 2: spot any trade setups in your charts by scrolling and looking at them, one by one
Step 3: since you have probably found a trade set up by now, write down the trend results that you observe. You can do this by using an excel spreadsheet where you record all your observations.
Step 4: repeat the same process several times and come up with clear results.
As earlier mentioned, you can find the manual backtesting quite tedious especially if you are going through a tremendous amount of data. However, don’t be afraid. Press on because its results will help you to pinpoint the essential things before you apply the strategies in real trading.
Here, the trader uses an automatic program which opens and closes the trades on their behalf. Some of the programs which you can use for the automated testing include the Expert Advisors who are usually based on special algorithms.
The process of backtesting while using this method is straightforward, this is because you simply need to set the programs and then observe the results late. The only drawback of automated testing is that it might be quite costly to get the software. Also, the system does not allow you to get trading experience since it does everything. It is, however, the best option if you don’t have enough time to do the manual backtesting.
The importance of backtesting your forex strategies
The main importance in practice – backtesting helps you to practice how you will apply them in the live market, whether the markets are opened or closed. It also screens your skills so that you can always meet your market criteria, especially if you have many strategies. Practice also boosts your confidence so that you can use them in the live markets without fear.
Backtesting also helps you to:
- To see how the system would perform earlier enough before you start the CFD trading
- It provides a rough idea of the system’s metrics, as well as the average loss and wins size
- Through the backtesting, we can discount the synergies when which performs poorly.
Closing thoughtsDon’t take anything lightly when developing a system. From coming up with the strategies to writing them down to testing them, everything should be taken seriously and done in an orderly manner. Avoid complicated strategies as they may confuse you more in the backtesting stage. Start with a simple strategy and check if they align well with the current market environment. If
Getting into forex takes a lot of hard work and studying before ever jumping into the real game. There are charts to study, styles to ascertain and journals to keep. You can practice with a dummy account and learn the ropes. As exciting as it can be, there is a lot of work that has gone on behind the scenes before the first trade was ever made. But the truth is that even after youâ€™ve done everything possible to guarantee success, there is no failproof method that I know of that will keep your trades safe. Here are some of the potential pitfalls you can watch out for. [Read more…] about What Are the Risks of Forex Trading?
Ending a marriage is never an easy decision to make. The mental, emotional, and financial damage that it leaves spouses and their children can take many years to heal. One of the messier aspects of separation involves dividing the family assets between separating spouses. Regardless of whether exes end a marriage amicably or not, getting the help of a family attorney is strongly recommended especially if they share a business together. [Read more…] about The Impacts of Divorce on a Family Business