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Attracting the best talent for your business

The firms who get it right are those who know the value of getting and retaining the best staff, and there are lots of ways that companies can improve their techniques for growing the talent pool. It’s important to assess the whole brand of your business when trying to attract good staff and that means how you come across to potential employees.

Therefore, consider how your company is perceived by people looking for a job. Do you have good mission and vision for your company? Do you come across as employee-friendly? Do you give the impression that new staff can grow and progress with opportunities for challenge? It can help to look at these aspects of your business intermittently and analyse if you are giving out the right message as when this is undertaken effectively excellent staff will naturally start to gravitate to your company.

Job Description

Don’t underestimate the benefits of a well thought out job description and person specification that clearly defines the roles, tasks and behaviours of a particular job. Many companies don’t invest much thought in these key documents and are then surprised when potential candidates don’t match up to their requirements.

Equally, good candidates want to understand as much as possible about the role and if they feel it is good fit for them, so use the many internet resources at your disposal to devise the perfect job description.

Networking

Good employees can come from a number of directions not least through the contacts and networks of your already established staff. Therefore, make sure you spread the word amongst staff about other positions you wish to recruit to so that they can pass this to professional colleagues, networks and family members.

Social Media

Make sure you tap into the many benefits of professional networking through Facebook, Twitter and LinkedIn to connect to a huge audience of potential employees. The beauty of modern technology means that you can get the message out to literally hundreds of people from the comfort of your P.C. or laptop and with minimal costs! There are a range of helpful sites and information to support businesses to use social media more effectively.

Recruitment Agencies

Another great method for acquiring key staff for your business is through recruitment agencies who will have undertaken all the legwork to screen and profile staff and match them to an employer’s needs.

Agencies work with a range of businesses from small SME’s to large blue-chip companies in diverse sectors and are well-versed in every aspect of assessing top quality candidates and matching them to the business needs of their clients. This means that by the time they are referred to a potential employer they have already had a range of background checks and compatibility profiling to ensure that businesses get top notch candidates for interview. Many companies have grown their business by recruiting in this manner and equally, excellent candidates get a chance to progress their careers.

Internet

In addition to the benefits of social media outlined above the internet is a powerful tool for recruitment. There are many options to post vacancies including professional association websites classified advertisements, newspapers, trade journals and job websites so hunt around for the best options.

4 ways in which chain conveyors are used in business

"Shot of a chain and bearings rolling along a track in on an industrial machine. A great editorial shot for industry, engineering or manufacturing."

The main task of conveyors is reducing manual work when transporting materials in businesses while increasing efficiency at the same time. Chain conveyors are specifically used in moving heavy loads by employing the use of strong, continuous chains. They are mostly implemented using a double strand architecture. However, depending on the weight or width of what is being transported, chain driven conveyors may have a varied number of strands. In businesses, these conveyors are used in:

  1. Moving heavy products

Chain conveyors are tough and strong. They can withstand the weight of heavy things such as engines and their components without slipping as rubber conveyor belts would. Also, when these heavy materials are placed on them, they do not compress or buckle as roller conveyors would. Instead, they provide grip and efficiently move materials around the business plant.

  1. Moving products through extreme temperatures

Chain conveyors come in handy in moving products through either hot or ice cold temperatures along the processing/ manufacturing plants. A roller conveyor might not be suitable for high temperatures because its components might expand unevenly and ruin its ability to roll. Similarly, a rubber belt roller might not be suitable for cold temperatures because rubber gets hard and stiff in the cold which makes it lose grip and therefore slip. This leaves chain conveyors as the most suitable option to operate in such conditions.

  1. Moving in indexing mode

Chain conveyors are the safest option when dealing with high precision processing. These conveyor units usually contain an index drive that moves the material to the exact position for further processing. An example is the precision link conveyor which is used by design engineers and machine builders to move engine parts to accurate positions for robot welding, automated inspection or other automated processing procedures.

  1. Moving products in variable speeds

The ability to change speeds on conveyors when moving materials is very advantageous. Chain conveyors can easily be fitted with a Variable Frequency Drive which can adjust the conveying speed to suit the speed at which other activities in the plant are being carried out. This adjustment can be done comfortably without worrying about slipping because sprockets grip firmly onto the chains regardless of external factors.

Additionally, chain conveyors have several advantages come in a variety of types which are majorly classified as pallet handling conveyors and factory handling conveyors, each with its own unique application area.

Advantages of chain conveyors

  1. Ease of installation

Chain conveyors are very easy to install. In fact, most chain conveyor manufacturers offer free installation services for every purchased conveyor to make it easier for you to begin operations immediately.

  1. Affordable

Their affordability is relative to their durability. Since they last for long with little maintenance costs, whatever the chain conveyor’s initial cost was, it is recovered eventually because it gives you a high return on investment.

  1. Flexible

Chain conveyors are very flexible. As the business operations scale upwards, more conveyors might be required. It is quite simple to modify and upgrade existing ones which reduces the overall scaling costs.

It is important to note that each conveyor system has its own application area where it performs best. Before buying such a system, consider these tips so that in the end you get the most efficient system that suits your business requirements.

Medical Options You Need to Know for Emergencies at Work

You should always be prepared for any medical emergency at work – particularly as an employer. While you may not expect any serious incidents, prior preparation minimises risks and safeguards your business reputation. Medtree are leading suppliers for medical apparatus and first aid kits, and are sharing the options and provisions for your business.

In 2017 alone, there were a reported 609,000 non-fatal injuries. Thankfully, fatal injuries are rare, with the construction industry attributed to the highest number. However, you must be aware of the common causes of injury to ensure you can protect your employees. In the UK, the most reported incidents are due to slips, carrying and handling.

Risk assessment

The Health and Safety at Work Act 1974 outlines the necessity for a risk assessment. An assessment is essential to analysing the safety of the workplace and subsequent conditions. If you are unsure of what to include, we suggest looking at the government website. You can also find many free templates online. The basics of your assessment should include:

  • Actions to resolve any medical incidents
  • Name the first aiders within the venue
  • Identify any unsafe working

Importance of accident reporting

Accident reporting is critical for your business. Should a severe accident occur, and the proper provisions are not in place, you could face more than an employee out of work for a while. Many team members are unaware of the need to report emergencies, protecting them and your company. To rectify this problem, you should extensively outline all information required for accident reporting, providing employees with the forms to do so.

Potential hazards

It’s impossible to eliminate all hazards for your workforce. You would be working all hours available to do so, but you can identify potential hazards and reduce those risks. For example, if you are aware of what commonly causes injury, you can work to improve safety.

Handling incidents

Handling and carrying incidents accounted for 122,000 non-fatal injuries within the UK. While you cannot always be around for events, you can put procedures in place. An example is to provide thorough handling training to your staff, ensure doorways and warehouses are not obstructed, with clear pathways.

Falls

Falls account for the most significant number of incidents across all industries in the UK. Many slips can be avoided with proper measures in place. If there happens to be a spillage, clean it up immediately. Use signs to highlight any potential hazards and use suitable floor materials. Ignoring the most common incidents could leave your business reputation in tatters.

First aid kits

You’d be surprised how many employees are unaware of where their company first aid kits are stored, and who are the first aiders. The size of your workforce should directly correlate with the number of first aid kits. Your basic kit should include:

  • Gloves
  • Various types of dressing
  • Eye pads
  • Sharp and blunt scissors
  • Instant ice packs
  • Sports tape
  • Triangular bandages
  • Sterile gauze swabs
  • Crepe bandages
  • Wound wash solution
  • Deep freeze spray
  • Emergency foil blanket
  • Safety pins
  • Resuscitation face mask

Emergency medical plan

We cannot stress this point enough, but you need a plan of emergency. You should include all of these factors to your medplan, to protect both your employees and company:

  • Proper evaluation of the incident
  • Indicate which staff members must undertake incident reporting
  • Identify all first aiders and ensure they have had adequate training, and certificates have not expired
  • Store first aid kits and certificates in a clear, easy-to-reach place for all employees
  • Deliver the emergency medical plan to all staff
  • Consult with healthcare professionals
  • If you have any medical facilities close by, ask whether they can assist in an emergency

Useful medical apps

Medical apps can certainly never replace the need for proper care and healthcare professionals. However, they can spell the difference between fatal and non-fatal in many cases, with several apps approved by trusted names.

Medical dictionary

The medical dictionary does exactly what you would expect, providing access to more than 180,000 medical terms. The ‘clear, in-depth definitions of medical technology’ could prove invaluable when describing an incident to a healthcare professional. The app, which has several thousand downloads, offers terms for diseases, common ailments, drugs, physiology and even treatments.

First Aid by British Red Cross

The British Red Cross has produced an excellent first aid app, with fantastic guidance for all first aiders and even those that are not properly trained. The app shares step-by-step instructions for many medical incidents, such as asthma, broken bones, burns and even choking.

St John Ambulance First Aid

This app is similar to the above, offered by the trusted St John Ambulance. While both of these apps do not replace official first aid training, they do provide clear guides to assessing an accident and what steps you can take before paramedics arrive. This app boasts the addition of voice instructions, covering major and minor illnesses.

If you put proper medical provisions in place, you can rest assured you have fulfilled your duty of care and ensured the protection of your company reputation.

8 Quick And Easy Supply Chain Wins For SMEs

Portrait of adult businessman using tablet computer in office with big windows

While the biggest improvements to your business occur through large-scale changes and long term thinking, few things are as encouraging as implement a quick, easy change that produces real results.

From rethinking the way you transport inventory to renegotiating your payment terms, making small, simple changes to the way you manage your supply chain can have major benefits for your business, both in the short term and over the next quarter, year or decade.

Below, we’ve listed eight quick and easy “wins” for your supply chain management process, all of which can help you increase efficiency, improve effectiveness and lower costs for your small or mid-sized enterprise this year.

Reposition your top-selling inventory items

Do you run your own network of fulfillment centers or warehouses? One easy win, on a local level, is to reposition your fast-moving items so that they’re easier for employees to pick and pack for individual fulfillment.

Look into alternative transportation and shipping options

When was the last time you checked out alternative transportation and delivery options? As your business grows, it’s important to keep up to date with the latest rates from a variety of logistics providers, as you could be paying more than the market rate relative to volume.

Use an on-demand packaging machine

On-demand packaging machines, which cut flawlessly-sized boxes from cardboard, can help you save money, improve efficiency and reduce resource usage as your business fulfills more orders and makes more deliveries.

Use EDI software to eliminate paperwork

Human data entry means human errors — an aspect of supply chain management that many SMEs find unavoidable. Luckily, EDI platforms like XEDI can be used to eliminate paperwork and automate parts aspects of your supply chain for fewer errors and better accuracy.

Simplify your payment terms with suppliers

When and how does your company pay its bills? If you’re currently on different payment terms with all of your key suppliers, try negotiating with them to produce a more consistent payment system that lets your accounting department pay suppliers at optimal efficiency.

Consider drop-shipping specific items

Drop-shipping — shipping orders directly from manufacturers or suppliers — is rapidly becoming more popular, even among mid-sized and large retailers. While it’s rarely cost effective for your top-selling products, drop-shipping can often help you simplify fulfillment for niche products.

Equip employees with portable label printers

Portable label printers allow your fulfillment and logistics staff to print labels as required, without having to return to a standard printer between picking items. The end result? A less centralized, more effective fulfillment environment in which orders are picked, packed and processed faster.

Improve communications with suppliers

Finally, sometimes the easiest way to improve your supply chain is to reach out to your suppliers more frequently.

From frequent reports to weekly or monthly phone calls, clear and steady communication can be key to maintaining a strong supply chain. As suppliers become more important to your business, make it a priority for your team to invest in stronger relationships and increased transparency.

What Successful Poker Players and Finance Professionals Have in Common

Poker and finance are two of a kind. The type of strategic thinking that is instrumental in winning poker is the same requirement in making successful finance and investment decisions. In poker and trading, players and investors are both required to balance expected returns with associated risk. Which is why it is no big surprise when someone in the field of finance is successful in poker, and vice versa. Both all about mastering the basics and maintaining self-discipline. Learning the basics in one field can actually benefit the other. So, a poker player might improve his hand by studying the tricks in finance, and a trading professional might improve his investing decisions by playing poker. 

Different Setting, Same Strategy

Poker players and investment traders are always attuned to noticing patterns and letting them inform their decision-making, although there may be slight differences in how they approach pattern analysis. For poker players, it is critical to watch opponents closely and look for indications such as changes in body language and other “tells” that could reveal their next bet. Meanwhile, in investing, the approach is not as personal as that of poker, as traders analyse data in order to forecast where the market is headed. In both arenas, pattern analysis is vital. It is necessary to observe changes and fluctuations from the status quo in order to decide one’s next move.  

Access to online poker games is beneficial to anyone who wants to become successful in the card game of poker. Unlike in the past, when one needed to go to a land-based poker room in order to play and learn the strategies of the game, online poker sites are now easily accessible to anyone who wants to become an expert poker player. One’s understanding of poker is related to the number of hands they play, and playing online makes it possible to play more games than in a physical casino. Some online poker sites even let new players play for free without requiring a deposit, and there are even bonuses given out too. And with mobile devices like smartphones and tablets, one can play online poker anytime and practically anywhere. All it takes it to download the app or access the site on a browser. Click here to see how you can practice poker online for free by playing different variants such as Texas Hold’em, 7 Card Stud, Omaha as well as webcam poker, where you can see your opponent, and fast-fold versions like SNAP.

Risk Management and Recovery from Losses

Successful poker players and trading investors should both be impartial and well-acquainted with risk. While people outside these industries may find it challenging to separate the decision from the outcome, this is something that expert poker players and investment traders are very good at. They are able to make an unbiased decision and accept the outcome, whether it was a success or not. It is equally important that they bounce back from losses, assessing carefully and objectively what went wrong and planning their next move.

In both fields, there is no room for sulking. Playing your loss over and over in your mind will not change anything, but focusing on your next hand could give you the win you’ve been wanting to achieve. Both poker players and investment traders are able to quickly move forward from any losses. They know how to compartmentalise, and they do not allow defeats to affect their strategy. In both poker and trading, one must be able to strategise based on factors revolving the current situation. It is dangerous to base one’s decisions on recent losses, or even on recent gains.

Top Poker Players Who Are Also on Wall Street

One proof that the worlds of poker and finance are similar on so many levels is the existence of top poker players on Wall Street. For one, there’s Vanessa Selbst, the most successful female poker player to this day. Vanessa has achieved almost $12 million in winnings and recently made a career switch from poker to finance. Vanessa is a three-time World Series of Poker winner and known to be an aggressive player with a diverse background. Before she took a job with Bridgewater, the world’s largest hedge fund, she worked at consulting giant McKinsey & Company.

Another legend in poker who migrated to Wall Street is Jason Strasser, one of the top figures in the poker tournament scene back in early 2000. To the surprise of many, Jason left poker in 2007 to take on the role of co-founder and chief investment officer at Caption Partners. But Jason didn’t leave the poker world for good. He still plays in poker tournaments from time to time. In fact, he recently topped a massive field of 1,249 entries and secured the 2018 World Series of Poker Circuit Choctaw $1,675 No-Limit Hold’em main event title, earning $332,539 and his second WSOPC gold ring.

In 2010, Louis Bacon’s $4 billion hedge fund, Moore Capital, hired James Vogl from North London. James won a coveted bracelet in 2004 during a World Series of Poker event in Las Vegas. In the said event, he won over 800 other players and earned $400,00 0 in tax-free profits in just one hand. James, who admits that he is highly competitive, has always had a passion for risk and reward games, spending a lot of time learning poker and the odds, practising and doing the calculations.

High stakes, effective strategy, risk-taking, and a lot of self-discipline – these are just some of the things that are needed in poker if one wishes to succeed in this game. And since poker and finance are practically identical, these factors are equally essential in the world of investment trading. What’s amazing about these two worlds is, they offer the same opportunities and excitement to people who excel in either that one can grow in one field and evolve in the other, such as the case of the top poker players who decided to join the exciting world of Wall Street. 

 

The Lifespan of NME: Terminating Print Publications After 66 Years

Attractive woman reading magazine at home

Established in 1952, NME is the longest standing music publication in the world. However, in March 2018, the company announced they were terminating the magazine to focus solely on the website. The print industry has experienced a rapid decline with the rise of digital, and the company is adapting to the changing market. The enormous growth of the internet and mobile has influenced the demise of many newspaper and magazine publications, with NME the most recent casualty. Business Rescue Expert, a leading insolvency practitioner firm in the UK, is analysing what NME ceasing print publications means for the future of the brand, and the market.

NME is the world’s most popular and established music magazine. The brand changed the face of the industry, with music royalty gracing the covers and the pages in the publication. The magazine launched with the sole intention of appealing to men, aged between their late teens and twenties. However, as they grew in popularity, so did their readership. Today, their readers are 63% male and 37% female.

NME rode the boom in the print industry, generating more than £1 million a week in revenue at the height of their popularity. Coupled with 400,000 subscribers, the brand had a solid customer base to launch their website in 1996, covering more topical areas. As accessing news through the internet became popular, NME recorded a dip in profits. In 2008, the bold headline was ‘mobile to overtake fixed internet access in 2014’, and the reports proved it to be true. More than 69% of consumers spend their media time on their smartphone, leading to a sharp decline in those reading NME. In 2015, the company announced they only had 15,000 subscribers.

Measures were put in place to save the publication, including making the magazine free for all readers in September 2015. Thus, NME relied on advertising revenue, rather than sales revenue. This temporary relief boosted subscribers up to 300,000. Soon after, NME was acquired by a private equity firm, who have concluded that keeping the brand in its current form is no longer financially viable. NME will now only be available online.

The print industry changes

As more readers use their smartphones for news, the print industry experiences more losses. Rather than going to the shop for breaking news, mobile phone users can see the stories unfold in real time. Similarly, news apps offer the option of notifications, meaning you are alerted to any news occurring around the world. Today, younger readers are also said to have less disposable income and can access websites sharing similar stories to those of print publications free, and whenever they want.

However, not all print publications are terminating, and some news outlets are adapting to the changes in the market. Those reactions to these attitudes include:

  • Magazines/newspapers adding QR codes to print, taking the reader to a webpage or app
  • Offering exclusive discounts that can only be found in the print edition
  • Producing highly valuable and in-depth content not available online

How do online publications obtain funding

Funding for online publications can take a variety of formats. Primarily, most websites gain funding through advertising. For example, if you have ever been skimming an article and an advert has popped up. Paywalls are also another method, asking consumers to pay a small amount to access their content. Typically, this is a one-off payment over a certain amount of time.

Online articles often include surveys you must answer before accessing the story, with the condition that the data is sold to another party. This is a form of funding for the site, as are competitions. If a company offers the chance to win £20,000, they could ask you to text into a premium rate line. If enough people do so, the business will make their money back along with additional profits.

The continuing development of websites and digital applications mean you can no longer run a print publication as you did 20 years ago. Times are changing, and magazines are suffering. Those who adapt to the changes will be the companies that survive.

How Mucuna Pruriens Can Help Bodybuilders

Spirulina tablets and powder in bowls on a wooden background

Step into your local health store and you’ll find row after row of supplements claiming to rapidly build muscle, burn fat and promote optimal physical performance.

While many of these supplements work, some are more effective than others. Over the last few years, one supplement — a naturally occuring legume powder — has started to attract attention for its notable effects on muscle-building hormones such as HGH and IGF-1.

Mucuna pruriens powder, a packaged form of the mucuna pruriens tropical legume, is linked to improved levels of dopamine. It’s marketed as a treatment for drug withdrawal and Parkinson’s disease, but it’s also an interesting supplement for bodybuilders and athletes.

Mucuna Pruriens and Human Growth Hormone (HGH)

Mucuna pruriens is a rich source of L-DOPA — an important amino acid that’s converted by the body into dopamine.

Dopamine is a powerful neurotransmitter that plays a major role in many aspects of human brain activity. Steady levels of dopamine help your body regulate blood flow, maintain an appetite and even play a role in learning and optimal cognitive function.

Dopamine is also closely linked to production of human growth hormone (HGH), a hormone that the body produces in the pituitary gland. HGH is closely associated with several muscle-building benefits, from faster recovery during training to optimal muscle growth and development.

In fact, one study shows that dopamine agonists — substances that bind to the body’s dopamine receptors — play an important role in moderating the secretion of human growth hormone (HGH) and insulin-like growth factor-1 (IGF-1).

HGH levels are typically high in people’s youth, but the amount of HGH secreted by the pituitary gland declines with age. As a result, people with lower levels of HGH usually have less muscle mass than younger people with optimal HGH levels.

As an important source of L-DOPA, a precursor of dopamine, mucuna pruriens can play a major role in helping your body produce optimal HGH for strength development and muscle growth.

Mucuna Pruriens and Testosterone

Mucuna pruriens is also linked to improvements in testosterone levels and libidio. As one of the body’s primary muscle-building hormones, testosterone levels are closely linked with strength, muscle mass and athletic performance.

One study from 1985 shows that higher levels of testosterone contributed to a 20% increase in muscle mass in men, as estimated using creatinine excretion analysis.

In short, higher levels of testosterone increase your body’s potential to develop muscle, making testosterone one of the most important hormones for bodybuilders and strength athletes to pay attention to.

While there are no current human studies on mucuna pruriens and testosterone, a 2012 study of male rats showed a noticeable increase in hormonal levels after 60 days of mucuna pruriens extract use.

Human studies of mucuna pruriens also show an improvement in sexual performance and male fertility, suggesting that mucuna pruriens can improve the biological pathways that fuel optimal production of muscle-building hormones such as testosterone.

As a result, mucuna pruriens is a popular ingredient in testosterone boosting supplements, as well as an effective and increasingly popular supplement for bodybuilders and strength athletes on its own.

5 easy ways for small B&Bs to boost their revenue

Giving up a stressful life of working long hours at a blank, soulless office in a bustling city and becoming a B&B owner instead can seem like a very quaint notion. However, that’s before financial matters arise and, potentially, you notice that the monetary sums aren’t quite adding up to your liking. Still, with a small B&B, you can help produce more buoyant revenue if you follow these tips…

Make your own home a B&B

The upfront costs of setting up a B&B can be eye-watering; buying one costs £572,000 on average, according to The Telegraph. Now, consider the comparatively measly £127,000 in average turnover! Nonetheless, you might not have good reason to be too concerned by these figures…

David Weston, the Bed and Breakfast Association’s chief executive, has pointed out that most people starting a B&B do so at little or zero capital expanse; hence, they use their own home as the B&B.

Pay off your mortgage before you start

If you have decided to indeed go down the route of making your residence the B&B, it would still be wise for you to make sure that you have paid off the mortgage on that property first.

The website Start a Bed & Breakfast says that this would significantly ease your financial sums, as you would not even need to factor in any mortgage payments. This, in turn, would enable you to see your B&B’s financial picture in greater clarity and so help you discern how to boost revenue.

More rooms don’t always equal more money

Logic might indicate that the more rooms your B&B has, the more rooms it can fill and so the more revenue it can make. However, this doesn’t account for the costs of maintaining those rooms and an array of uncontrollable factors which could affect your occupancy rates.

Reassuringly, with just two guest rooms, you could still easily bring in £30,000 provided that you charge £70 per night and the occupancy rate does not fall below 60%, Weston has estimated.

Choose a location conducive to better revenue

The weather and seasons can both affect a B&B’s occupancy rates. For example, B&Bs can be very busy during summer but turn quieter in winter. However, the B&B’s location could affect that pattern. For that reason, you might want to think carefully about which location to settle for.

In helping yourself to decide, you should research and understand any area where you are interested in setting up a B&B, This is MONEY.co.uk advises.

Make it easier for people to place bookings

If there are people interested in staying at your B&B, it would obviously be a pity if they attempted to book only to abandon this attempt out of frustration over the booking process.

Fortunately, there are hotel reservation systems which can be used for B&Bs and ease the process of booking a room at one. However, carefully research different systems before selecting one; consider, for example, that eviivo would let you advertise your B&B on many major travel sites.

Importance of proper education in currency trading

Business Team Investment Entrepreneur Trading Concept

There are many things that you need to learn to become a successful trader. If you do a background check of the expert traders in the United Kingdom you will be surprised to see their depth of knowledge in the trading industry. No one is born talented. Every trader needs to learn the basic elements of the market with strong devotion. But the new traders don’t want to spend quality times in learning the art of trading. They simply consider trading as a shortcut way to secure their financial freedom in the global market. To become a profitable trader you need to have a clear idea about the structure of the Forex market. If you don’t develop a balanced trading system, it will be really hard for you to deal with the dynamic price movement of currency pairs.

In the past, trading was limited to large banks and institutions. But due to the recent advancement in technology, the retail traders in the United Kingdom can easily trade this market in a professional trading environment. For instance, high class brokerage firm like ETX Capital is now offering high leverage trading accounts to their clients which allows them to trade with big lot size even with a small amount of trading capital. But having access to the high leverage trading account doesn’t mean you will become a profitable trader. You need to educate yourself and learn the three major forms of market analysis.

Professional trading course

Many novice traders often buy signals from expert traders. If you can do the perfect research you might find some high-quality signal provider in the United Kingdom but do you really think that this is the ultimate solution to become a successful trader. You need to teach yourself how to trade this market with managed risk. Take professional Forex training from the expert traders who have a proven track record in the financial industry. Never rely on other people’s advice and always remember that no one can give you 100 % profitable trade setups. It’s your duty to master the art of trading through hard work.

Some retail traders say that they are not ready to invest money in trading education. But sadly they have the money to fund the trading account. If you don’t learn the basic trading system it won’t take much time to lose your investment. Always remember, making profit consistently in the Forex market is an art. You can’t trade this market based on gut feelings and become a successful trader. You need to take some professional forex training. When you start investing money in a trading education you will see a dramatic improvement in your trading career.

Embrace the losing trades

The majority of the novice traders don’t want to embrace their losing trades. They simply don’t understand that losing are just a part of the trader’s career. You need to trade this market with managed risk or else you might even blow your entire trading account from a single losing trades. Make sure that you have learned the precise art of trade management so that you don’t have to lose more than 2% of your account capital in any single trade.

Following proper risk management factors in the financial industry is very hard. Novice traders become frustrated after facing a few losing trades. They double their lot size immediately to recover their trading loss. But following the aggressive trading strategy will never help you to make a consistent profit. Just have a look at the portfolio of the professional traders. You will notice one thing they have in common. None of them take too much risk in any single trade even though they have the perfect trade setups. You need to have strong mental stability or else this market will never allow you to make a profit. Always stick to your trading rules and try to trade in favor of the market trend.

How to create the perfect trading environment

Close-up of young businessman pointing on the data presented in the chart with pen while working in creative office

Who doesn’t want to lead a luxurious life? People are always fighting hard to secure their financial freedom so that they can full fill their dream. For this very reason, they try their best to have the best education from the top class university. But having the top class education will never help you to become a rich person. It’s true that you might get some high standard job, but if you consider the long-term scenario, you can’t lead your dream life based on the day job. You need to develop a business which will help you to earn huge amount of money. When it comes to traditional business, most of the people step one step back considering the initial investment. However, the people in the United Kingdom are very smart, they consider trading as their business. Most of the elite class broker like Saxo offer high leverage trading account to their clients which allows them to trade with small trading capital. If you can use the market leverage in an efficient way, you can easily secure a huge amount of profit.

In order to trade the market, you need to have a professional trading environment. Without having a class trading environment it’s almost impossible for you to make a huge profit. For instance, if you trade the market with your mobile device you won’t be able to do the perfect market analysis. Some novice traders often trade the market while walking in the streets. But do you really think the profession UK traders follow the same principal? All the expert traders always trade the market with precise risk management. They never take any unnecessary risk even though they have the perfect market setup. You need to limit your risk to become a profitable trader. Now we will give you some useful advice to which will help you to create the perfect trading environment.

Isolate your trading room

You need to have an isolate Forex trading room to trade the market. Your room should have high configuration pc which will help you to trade the market without any lag. Some novice traders often use more than four monitors to do the perfect market analysis. In the past using more than four monitor was tradition but due to the recent advancement in technology, you can easily trade the market with tow monitors. However, if you trade only one major pair you can easily trade with a single monitor. You need to identify your need before you decide the number monitors you should buy. Some retail traders often spend a huge amount of money for buying an expensive graphics card. But this is nothing but a waste of time. You don’t need a gaming pc to run your professional trading platform.

Keep your mind fresh

If you trade the market under stress you are not going to make any significant progress. Most of the novice traders are losing money since they trade with their hard earn money which they can’t afford to lose. You need to understand the fact losing is just a part of the trader’s career. Before you even think about the trading profession, you need to ask yourself whether you can truly trade the market without any emotions. Make sure you have at least six months financial back since it will help you to trade without any mental stress.

You also need to find a professional broker like Saxo who will offer you a premium trading platform. For instance, SaxoTraderGo has all the advanced trading tools which will help you enhance your trading performance. It’s true that professional brokerage firm will charge you a little bit higher but consider the overall conditions of the market you are paying nothing. If you can make a profit, it won’t be a big deal to deal with your losing trades. Try to protect your investment by following the conservative way of trading.

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