Solving the problem of overtrading in 4 easy steps

People who are new to trading are always trying new things to earn money. They are using the most complicated means of doing so. The use of complicated means is making their trading strategy more complex and the UK traders are failing to earn consistent profit. As a new trader, you have to learn more about the critical market dynamics, and soon you will be able to boost your performance to the next level. Trading is not a job for weak people. You must have strong endurance as this will help you to overcome many challenges.

Today, we will give you some amazing tips that will help you to overcome the obstacles in 4 easy steps. Follow the steps carefully so that you don’t have to lose a big sum of money in the learning phase.

Learn about price action trading strategy

You must learn about the price action trading strategy to become a skilled trader. Unless you become good at analyzing the price action trading method, it will be a challenging task to overcome the issues. People who have strong skill in their trading business knows a lot. They never rely on the complex system that uses too many indicators and trading tools. For the safety of your trading capital, you should come up with a unique strategy that will allow you to improve your skills over the period. You may be new to the trading industry but if you carefully assess the raw price, it will be an easy task to earn money. Once trades are taken by analyzing the price action pattern, the trader will be able to focus on quality trade execution. This will eventually slow down the process of overtrading.

Focus on the major chart pattern

You must focus on the major chart pattern to become a skilled trader. As a new chart pattern trader, you should learn more about the critical market dynamics. Click here to contact the professionals of Saxo so that you can use their advanced platform for free. With the demo account, you should develop a unique trading strategy so that you can earn money without losing too much money. Things might seem frustrating for new traders but as you gain more experience about this market, you will slowly learn the importance of chart pattern trading technique. Many retail traders think chart pattern trading strategy is a waste of time. But in reality, it is a powerful way to ride the trend.

Use indicators wisely

The use of too many indicators is another key reason for which people are losing so much money. To control the cash flow, you must learn to use the indicators wisely. People who are depending too … Read more

Is Building a Strong Brand Identity Important?

Brand identity encompasses a lot, and defining it can put significant limitations on what it actually is. From a customer point of view, brand identity includes mental associations with your brand and the emotion it triggers.

Amazon’s growth was explosive, and its ability to sustain its brand promise is impressive. It promises to deliver an exceptional shopping experience, catering to frugal and luxurious clients. The brand manages its identity well, with reports in January 2020 saying that Americans trust Amazon better in doing what is right compared to various government officials. Not only do consumers buy from this no. 2 on the Fortune 500’s list, but they also trust it big time. How else is brand identity important?

Consumers recall you first

What’s the first brand to come to mind when you think of pizza? If you think of this brand and purchase from it too, you regard its brand relevance as high. It takes a lot of effort to be a relevant brand—the buyer’s first choice. The first step to acing their list is to have a strong brand identity where your name is easily associated with what your business does.

It builds a sense of community

Consumers attach deeper to businesses they value. Humans have a natural tendency to go after choices that nurture their sense of belonging. Once you fulfill this need, consumers will become advocates of your brand for as long as it takes.

It attracts like-minded consumers

Some businesses do well in supporting the deaf and mute community. If you have programs like this, make sure you communicate them to consumers. Many of them will feel elated, knowing that their purchases empower a community that deserves better recognition for their talent and abilities. Similarly, if your business admires the LGBTQ community, you can show love and support through pride shirts. Efforts like these create an inclusive culture that encourages hope and downplays fear.  

It helps weather the storms

2019 was not particularly easy for the brand, Apple. The uncertainties between the US-China trade threatened to put tariffs on iPhones, they had a lengthy battle with Qualcomm, and the unveiling of 5G enabled competitor devices to endanger their sales. Strong brand identities clearly establish the ‘why’ behind businesses, which will help you navigate through the stormy days. In April, Apple and Qualcomm finally settled their issues as they agreed on a six-year patent license agreement. The deal is good enough for Qualcomm and even better for Apple, who’s under pressure to produce a 5G enabled smartphone. This reminds brands that even legal battles should be ironed out to keep true to their growth endeavors. Apple’s identity is about innovating smartphones, and it couldn’t do so … Read more

Startup Management 101: Dealing with Stress and Productivity

It would be understandable to think that stress is a necessary part of the business management experience. After all, it can be easy to get overwhelmed when running a startup – especially in a competitive industry. Even if your chosen industry is not known for being particularly competitive, the slightest mistake could have far-reaching consequences, as a startup does not have the same staying power as an industry veteran.

It is critical to note that stress does not have to go hand-in-hand with productivity, even if it might feel that way. When it comes to startup management, here are some tips to help you deal with stress, while simultaneously maintaining productivity.

If a task is too difficult, consider outsourcing

There are some limitations when running a startup that most entrepreneurs must come to terms with. For example, the IT industry requires expensive hardware and trained specialists to get the job done, but not every company will have the resources to build an in-house IT team. There are plenty of other examples of startups unable to take advantage of large projects due to a lack of available budget.

That being said, an in-house development team is not the only solution. A great way to deal with issues in the IT industry would be to outsource tasks to businesses like those offered by IT services London firm MMR IT. Not only will it allow you to massively benefit from having an IT infrastructure as a startup, but you will not have to blow your budget to get the job done.

Acknowledging the hard work of your staff

Keep in mind that dealing with stress when it comes to business management also includes the stress levels of your staff. How your staff handles the first year of business in your company will directly dictate whether or not your startup can realise its full potential.

A good way to help ease the stress levels would be to ensure that you acknowledge the hard work of your staff. From employee incentives to verbally praising staff that goes the extra mile, a little bit goes a long way. You can also make an attempt at decorating your office to have a more comfortable and accommodating ambience.

Taking care of your stress levels

Last but certainly not least, the starry-eyed entrepreneur might only realise too late that they are compromising their health by spending every waking moment trying to steer the business in the right direction. To avoid compromising your health to push for success, ensure that you take the time to disassociate from work. A good example would be to adopt a schedule similar to your employees, allowing yourself a day or two to gather your … Read more

The Best Tips for Selecting the Ideal Labelling Machine for Your Needs

If you have a good product, it naturally follows that you cannot market it properly if you don’t have a good label. One of the best investment decisions you can make is to purchase a labelling machine so it’s easy to label your products. But in order to find a labelling machine that is just right for your business needs, you should decide what is important for you in terms of functionality, style, and price. Once you can narrow down what you are looking for, you can find the ideal machine from the wide choice that is readily available. Here are the best tips for selecting the most ideal labelling machine for your needs and a few key questions to ask before shopping for a labelling machine.

  • What applications will I use for the labelling machine?

Based on the type of product you are producing, what type of label you have, and how labour-intensive you want the process to be, you will need an automatic or semi-automatic system. The application will also affect the type of machine you buy in terms of how the labels are fixed – on the top, for instance, or on the sides. If you have an oddly-shaped item, you also need to take this into account when looking at the different options available. 

  •  Is it a good brand?

There are many different labelling machines available, so make sure the one you are looking at is a respected brand and has a good history of use. Remember this: poor-quality machines and brands tend not to last on the market, while the strongest products remain for a longer amount of time. You certainly do need to choose a machine that will last and which will be sturdy and robust enough to deliver good performance for many years. 

  • Do I need customisation? 

Many labelling needs are unique, and the machine you need may have to be configured in a particular way to suit your own unique needs. If you want to set up a short, specialised print run of specific labels or you have an oddly-shaped or even bulky package to label, then you should contact a reliable supplier such as www.labeller.co.uk and ask about their advanced label options and their customisation packages. 

  • How long does my label need to last?

You also have to think carefully about the durability of your label – how it needs to be – when looking at different label machines. If your label needs to withstand harsh environments, make sure the labelling machine is fit to print these specific items. 

  • What type of surface do I need to label?

You need a machine that works with your product. Fortunately, there are different … Read more

Things to Do to Have a Productive Meeting Over a Heated Issue

You already expect some topics during the meeting with employees to be tough. You even know what the possible ideas of both sides are. With the personality of the people involved in the meeting, you know it would be a rough discussion. Despite that, you have to face everyone and move ahead with the meeting. The goal is to stay productive even if you expect yelling and possible insults. 

Talk to different groups separately first 

You might already have an idea about the people who will end up fighting during the meeting. It’s not necessarily due to personal issues, but of how passionate everyone is. The employees want their ideas to succeed, and they will do everything to defend them. Understanding where they’re coming from will help you facilitate the meeting. You can also talk to them to stay calm during the larger conference.

Set rules

If you have to preside the meeting, you need to set clear rules. Make sure that everyone understands the rules. You can’t allow the employees to talk over each other. It would help if you also reminded everyone of professional courtesy. Despite the differences in opinion, there could still be respect.

Determine how you’re going to settle the conflicts

It also helps if you can settle the differences in a democratic way. For instance, after presentations and discussions, you can put ideas to a vote. The results should be final, and everyone has to respect them. If a group of executives will decide, you should also make it clear to everyone. 

Take one issue at a time

If you have several issues on the table, and all of them require detailed discussions, you have to take things one at a time. You can’t expect several resolutions in one meeting. If anything, you’re only making things worse. If time isn’t enough, you can schedule another meeting on a later date. 

Provide snacks

When people are hungry, they become angry. Given that the discussion could be fierce, you can at least provide snacks to lighten the mood. It’s also more fun to talk while eating than waiting until hunger strikes. 

Never show you already chose a side

Even if you believe one idea over another, it doesn’t mean you have to be obvious. You need to maintain impartiality throughout the meeting. If one group feels like you favour the other, it could make things worse. 

Another way to show you are fair is by giving everyone the chance to speak at an equal time. You can even allow a PowerPoint presentation if necessary. Don’t forget to invest in a projector ceiling mount so that the discussion would be smooth and professional. If you have a huge … Read more

What You Should Know about Digital Printing and Its Benefits for Your Product Label

Digital printing has been around for a while, but it is now taking centre-stage when it comes to the printing of stickers, product labels, and more. Digital printing is indeed a notable printing solution because it not only produces high-quality printed products, but it is also a quick and fast process – and it is budget-friendly as well. In terms of product labels, digital printing has been known to produce labels for various food products and items, for cosmetic products, for medicines, and so on with quick turnaround time, and these labels are long-lasting, too. So what else should you know about digital printing and its benefits for your product label? Let’s find out.

What is digital printing?

Digital printing is different from other printing processes in that it makes use of a digital file of whatever design you have, and then it prints the digital file’s image straight onto a label. Digital printing differs from another standard printing method, flexographic printing, because all the images and colours are produced in a single step. Another distinguishing fact about digital printing is that you can run smaller batches because the presses of the digital printer run more slowly than that of a flexographic press, so it’s easier and more convenient to print small orders. 

What you should remember about digital printing and its benefits

  • Ideal for product labels

Digital printing is ideal for product labels due to the fact that it can print colours really well, but it works even better if your product label has more than four colours. The printing you can get from digital printing is of the best quality, and with it, you can enhance the image of your product and make it stand out among its competitors. With digital printing, you will not only get the best in colour consistency, but you can also take advantage of better colour vibrancy and a better overall impression of images. If your aim is to have your product label speak for the quality of your brand, then digital printing is an excellent choice.

  • Perfect for short-run ordering 

Compared to other printing processes and methods that require huge batch printing, digital printing lets you print a lower volume of labels or orders, as confirmed by experienced printers in Stockport like Harveyboard Print & Digital. For example, if you require 500 to around 25,000 labels for your products, then you can benefit from digital printing instead of printing methods such as flexographic printing, which require a greater minimum amount. With a short-run order, you can have the exact amount of labels you want, and you won’t have to deal with excess inventory that you don’t need.

  • Variable printing

Digital printing … Read more

Bookkeeper vs. Accountant vs. CPA: What’s the Difference?

When managing business finances, it’s common to interchange the words CPA, accountant, and bookkeeper. But these aren’t the same and refer to different levels of professional expertise. Not only that, but each individual also has a specific set of tasks and licence scope. And although all are involved with financial data, it’s critical to understand and distinguish between them, especially if you’re looking to hire one that fits your company’s requirements. In this article, we’ll distinguish them based on what they do to determine when to hire an accountant, a CPA, or a bookkeeper.

Accountants

An accountant is someone who has earned a bachelor’s degree but not necessarily related to accounting. An accountant can keep company books, but that function is typically reserved for a bookkeeper. All accountants in Central London typically work with detailed financial information necessary for management decisions. In addition to preparing these statements, they can also audit ledgers, books, and other data necessary for filing taxes. However, an accountant doesn’t have the authority to represent a company when it’s time to file taxes. They can’t sign any of the official documents submitted to the government.

Hiring an accountant is ideal when the company needs help analysing and preparing reports to gain a better view of the company’s finances. Making sense of massive amounts of data can be time-consuming, and accountants can lend their expertise in condensing information and painting the “big picture.”

Bookkeeper

Bookkeepers do most of the repetitive tasks associated with recording financial data. The brunt of the work usually falls to bookkeepers: updating ledgers, tracking invoices, and other statements. These days, however, they use software to automate some functions and work more efficiently. The main task of a bookkeeper is to keep an eye on the company’s cash flow. For most small businesses, it’s usually the owner who does the work. But as the business gets bigger, it’s better to hire a bookkeeper as things can easily get overlooked if you don’t have a person dedicated to working primarily with financial matters.

Most bookkeepers don’t need to earn a college degree, although some may have completed associate courses related to bookkeeping. They make considerably less than an accountant but are essential to businesses as they make sure daily transactions are detailed and organised.

Certified public accountants

A CPA is someone who has an accounting degree and has also passed the examination requirements to hold a licence. Although a CPA can also perform the same tasks delegated to an accountant, they’re primarily hired as consultants that audit and review financial documents. CPAs are also authorised to represent businesses when filing tax returns.

Which finance expert does your company need?

All businesses need someone who can … Read more

5 Financial Activities Commonly Outsourced to a Bookkeeping Firm

Most business owners are aware of outsourcing accounting services but often find it hard to choose which tasks to delegate to a third party. Many concerns complicate the decision, such as budget constraints as well as issues with authority. In which case, the most sensible solution is to determine which functions yield the most return of investment.

Indeed, while the question of what to outsource varies according to the needs of each company, there are specific activities most likely delegated to a third party, regardless of the unique requirements of the business.

Repetitive business tasks

Financial tasks are always repetitive. Some examples include preparing accounts receivables and accounts payables. According to www.kenbellaccounting.co.uk, many medium enterprises today rely on accounting software to simplify these functions. But, if your business doesn’t have the same capabilities, the next best solution is to outsource to a bookkeeping firm that can manage these tasks efficiently.

Tasks completed manually

Despite how computer-dependent most businesses today are, there are still some financial tasks typically completed manually. Usually, these activities are reserved for an experienced accountant or bookkeeper. The problem with manually completing tasks is the higher likelihood of committing errors. Having to correct mistakes isn’t only time-consuming, but also detrimental to the business if left unchecked. The benefit of outsourcing these activities is the peace of mind and confidence knowing that the company handling the tasks is experienced, capable, and highly competent.

Payroll operations

One of the commonly outsourced financial functions is payroll. Most businesses today prefer to outsource payroll-related tasks because of the complexities and nuances associated with these activities. A bookkeeping firm has the resources, such as the right software to use, which will make payroll management and implementation more efficient. Also, having a dedicated team working on all payroll-related issues will ensure that all concerns are directed and resolved by the same team.

Tax-related functions

Most companies dread tax season because of the amount of work it takes to prepare and file taxes. There’s always a possibility of missing out on write-offs if the taxes aren’t filed correctly. Instead of taking chances, it’s best to outsource tax functions to an experienced bookkeeping company. They’ll be able to include all activities qualified to receive incentives. Also, an expert bookkeeper has updated knowledge and expertise on regulations and laws that apply to business taxes.

Tax activities specific to each locality

Paying sales taxes can be confusing if local rates and national rates apply for each transaction. Nevertheless, even if only one sales tax applies, each payment should be precisely tracked and recorded. Any mistakes made in charging and paying for these taxes could result in penalties and fines for the company. The good thing is, … Read more

An Open Office Could be a Terrible Idea, So You Need to Rethink Your Plans

There was a time when open office space was a thing. Even big companies followed this design because of researchers showing that it leads to growth in businesses. The truth is that an open office will only hamper development. If anything, it makes everyone feel uncomfortable. You should reconsider your plans if you intend to have it in your company. 

Your employees deserve privacy

The office is like a second home to employees. They stay inside the office for up to eight hours a day. They deserve privacy while working. Don’t worry about not being sure if they’re working. Trust them to be professional enough to know what to do. Even if they’re doing other stuff, it’s okay. You gave them a deadline, and if they don’t submit work on time, their job is on the line. Allow them to work quietly without feeling disturbed. 

People have different working styles

This idea was one of the reasons for the popularity of an open office. Some people thought that an open office would allow everyone to work in any way. The problem is that some people prefer being loud while working or even playing games. It makes everyone else feel uncomfortable. You can have a different space for those who wish to be loud while working instead of letting everyone mix in the same area. 

Employees feel like you don’t trust them

Another reason for avoiding an open office is that it sends a message that employers don’t trust employees. They feel like there’s a need to see everything they do at all times. The lack of trust in the workplace could adversely impact the relationship among employees. 

It discourages break time

Employees deserve a break, and they need to recharge before working again. When they work privately, they can determine when to take a break. Employees also have different ways of relaxing. Some prefer walking outside, while others watch funny YouTube videos. If they take a break while others are working, it might create tension. Employees will compare themselves with one another and think that others aren’t working as hard as they do. Not taking a break is a terrible thing for employees, and you shouldn’t promote it. 

Invest in desks and cubicles 

Provide your employees with a comfortable private space while working. The problem is that if your office isn’t too big, there might be no space for tables and chairs. Instead of considering an open office, you can move to a bigger office. If you relocate, you can find a place that is sufficient for everyone at work. It would help if you also considered those who will join your team in the future. If you need quality … Read more

How to Make a Great First Impression on Prospective Clients

First impressions have a significant effect on your business. If you are looking to succeed, it is vital to create a great first impression on your prospective clients. While it may seem to come naturally for others, some may have a more challenging time impressing clients who are hard to please. However, by practising a few practical techniques, you could manage to win them over.

Here are a few suggestions that can prove useful.

Make your office presentable

Nothing can make a better impression than coming into a well-kept attractive office. It reflects the quality of the business you run. Your clients will want to see everything neat and in place, comfortable and pleasant to the eyes. Add some plants. They can transform the appearance of your office. Make sure that the temperature inside is comfortable. You can find the best commercial air conditioning units that are perfect for the size of your office space. Make sure that you invest in proper lighting too, not only for the benefit of clients and guests but for you and your staff as well.

Research on your prospective clients

You can make your clients feel important if you have done some research on them. Conduct a little research on their company, so you have an idea of their background and what they are most interested in, their vision and personal values. This shows that you place value in what they do and that you are interested in doing business with them. 

Be punctual

You can turn your clients off immediately if you are not on time. If you have planned a meeting at your office, make sure that you are ready to get started the minute they arrive. Show respect for the time they take to meet with you by being punctual. This will give them the impression that you are a professional and are serious about conducting your business.

Always be attentive

Start with a firm handshake. Get your clients comfortable and start listening. Maintain eye contact at all times. This shows that you are paying close attention and are interested in what they have to say. Avoid being distracted while you are talking. Keep your phone off and maintain your focus. Make comments and ask pertinent questions related to the business at hand. 

Be confident

Show your prospective clients that you are sure of what you are offering and proud of your business. By maintaining your self-confidence, they know that you can be trusted. You send that message across. They can always tell if you are unsure and unprepared. This could make them think twice about doing business with you.

Never take first impressions for granted. If you don’t create a … Read more