Everything You Need to Know About Forex Deposit Bonuses

September 9, 2020

The world of Forex trading is not void of aggressive advertisement techniques. We are referring to are attractive deposit bonuses that may not be as beneficial as traders think.

Moreover, if you’re a beginner trader, you may fall in love with a $50 bonus on a $50 deposit – because that’s doubling your investment with no effort whatsoever!

Therefore, to avoid falling into a trap here’s everything you should know about Forex deposit bonuses!

What is a Deposit Bonus?

As the name implies, a deposit bonus is a bonus offered to Forex traders after they have deposited a certain amount to their Forex account. For example, the popular Forex broker markets.com gives a 35% bonus with every deposit made by a trader, but their minimum deposit is $250.

However, it’s not always this easy when it comes to deposit bonuses.

Types of Deposit Bonuses

No Deposit Bonus – This type of bonus is rare and only available to new traders when registering on specific platforms. It is the one exception from the law of deposit bonuses as you don’t need to deposit anything to receive it.
Common Deposit Bonus – This is the most common type of deposit bonus where you get a certain amount or percentage for every deposit you make.
Welcome Deposit Bonus – This is similar to the no deposit bonus and is also only offered to new traders. However, it does require a deposit, and you’re no longer eligible for it once you start trading.

Terms & Conditions of the Deposit Bonus

But why did we said that a trading bonus is not always easy to understand?

While it is pleasant to notice the bonus in your trading account, you may not actually have access to it. Here’s why:

Some bonuses become active only after you complete a trade. In some cases, the trade is also required to have a specific value – most likely to balance the bonus offered. The trade required to unlock your bonus may very well only leave you with the deposit funds.
Other bonuses have the trader complete multiple trades. As such, there’s the possibility that they will have to make a deposit again and complete more trades before unlocking the deposit.
Some bonuses require a certain amount of successful trades to be completed or a certain amount of funds to be won.
There are also bonuses that the trader can freely use, but can only be withdrawn after, for instance, a certain trade volume is completed.

The Bottom Line

As you can see, most deposit bonuses tend to come with explicit terms and conditions. However, reputable traders who offer around 30% of your deposit as a bonus usually don’t hide the bonus behind prerequisites.

This is where a broker’s reputation comes into play. Reputed brokers won’t feel the need to aggressively promote their bonuses or make them look better than they are.

On the other hand, brokers who lock bonuses behind requirements will often only talk about their bonuses when advertising themselves!

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Artificial Intelligence: A Key to Decipher Ancient Languages

September 8, 2020

There is a famous saying about language that goes something like this “you can never understand one language until you understand at least two”. Just how important a language is to civilization can best be understood by the efforts made to decode the lost languages of the past.

According to language experts, over 7000 languages are spoken globally in the world today, although more than 30,000 languages have been used throughout human history. Out of these languages, only a few had been lost when linguists came up with a tool to decipher those ancient languages—artificial intelligence. AI plays a vital role in the comprehension and decoding of lost languages, an example being the famous Rosetta Stone, which allowed companies to decode the ancient Egyptian hieroglyphs with the help of AI. These ancient hieroglyphs consist of similar text that has been written in three distinct languages, and by interpreting the identical words in more than one language it became possible to translate all three languages—ancient Greek, Egyptian hieroglyphs, and Egyptian Demotic.

The advancement in the field of AI has served to further the cause of deciphering and decoding the lost languages. For instance, a fresh algorithm introduced by the Massachusetts Institute of Technology is collaborating with Google, showing quite an appreciative and progressive result as far as the deciphering of ancient languages is concerned. It strains to decipher symbols in a new language by relating them to the alphabets of connected languages with a similar source.

A Look at the Languages of the World

The languages spoken through the centuries have evolved with time. Astonishingly, there are more than 7000 languages spoken in the world today, yet only a little portion of the total number of languages has been exercised through the history of mankind. In reality, the aggregate of language currently is less than 1/4th of that historical total—31,000. Not surprisingly, whenever one of these languages is forgotten, the world also loses a unique line of thought and communication. However, as languages change and evolve, many of the symbols connected with these languages, even their methods, words, and characters, will remain almost identically the same as well. Owing to this, efforts may be made to decipher a long-lost language whenever it is linked to a similar ancient known language.

How AI works?

Artificial intelligence is a tool that has proved to be of huge significance in the decoding of languages. It basically emphasizes four distinct things related to characters or letters that are to be decoded such as “monotonic character mapping, distributional similarity, significant cognate overlap, and structural sparsity”. An example is the Linear B language, known as the oldest Greek language spoken by the Mycenaean, which was successfully decoded by Michael Ventris in 1953, thanks to AI. However, not all languages have been decoded with this AI. An alphabet called Linear A, which existed in 1800-1450 BC, still remains unsolved, although it might be next in line to be decoded. Similarly, symbols of the Indus Valley Civilization are also waiting to be decoded by AI experts in the coming future.

Accomplishments of the AI

Although work is still in progress to use AI tools in order to decipher ancient languages, the fact remains that it is difficult to decode that language which is not connected to any other language. To solve this complexity, machine learning is being used for translating ancient languages. In modern life, AI translation is also used to translate documents and digital content. Businesses and individuals rely on such services to convert official documents, legal papers, marketing materials, websites, and various forms of digital media into multiple languages.

The Linear B language, spoken around 1400 BC, and the cuneiform Ugaritic, a 3000-year-old language both were decoded with the help of AI. The team consisted of Jiaming Luo and Regina Barzilay and from MIT, and Yuan Cao from the Artificial intelligence lab at Google. The research team decided to put light on four exclusive properties that were connected with both the character and the context alignment — distributional similarity, monotonic character mapping, structural sparsity, and significant cognate overlap. The concerned crew programmed this AI system to search these traits and characteristics, achieving the correct translation of 67% of Linear B cognates into the suitable Greek equivalents.

Other than that, in the year 1953, a machine-translated a real language for the very first time in human history, when Michael Ventris decoded the ancient Linear B language. Later, AI tools began to be used uniformly in order to decipher the languages that were previously considered lost ones.

AI—Problems and Challenges

Although the idea of deciphering and decoding ancient languages with the help of AI is a lucrative one, it poses some unique challenges and problems. Firstly, as machine learning algorithms are trained on huge datasets that are mined through associations, a limited number of datasets are hard to mine. The ancient languages possess only a limited number of samples, which makes it difficult to generate enough data for an algorithm to decode. And secondly, the training of an algorithm involves comparison with known values, but since ancient languages have no previously known values, this is impossible.

In order to find a way around these problems, the researchers had to devise other methods of machine learning. They trained their algorithms for using a language that shared root with the script that was not deciphered, thereby pairing them with theories of language evolution over time. The main idea was to find words in the known languages as well as their characters and then associate them with the unknown scripts in order to decipher them accurately.

The Future of AI

The main role of AI in accomplishing these types of tasks, reported by MIT Technology Review piece, is that it has a bulldozer approach in achieving tasks that are quite simple and exhausting for people to complete. These machines have the energy and precision to handle any difficult task consecutively, as they test and compare one symbol to another until they have completed the assignment. The next step for these researchers is very obvious—to decode Linear A, which is known as an Ancient Greek language that has troubled scientists for many years.

The Last Word

AI technology is more than just machine learning, it is an advanced method of solving complex problems for which solutions do not previously exist. This is the reason AI has been used to decipher ancient languages, owing to the importance of these languages in the advancements of civilizations. While it is believed that a lost language cannot be recovered, thanks to AI, it is possible not only to decipher a lost language but also to translate it into other known languages. Nevertheless, it is important to realize that a lost language equals a lost civilization, and AI can be of great help to preserve them.

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Filing A Personal Injury Lawsuit – Why Timing Matters The Most

September 8, 2020

Getting injured due to someone else’s negligence is the worst experience. But you can take solace in the fact that you have the right to bring up a personal injury claim and seek compensation for your injuries and losses. Although you have good chances of getting fair value in the settlement, things aren’t as simple as they sound. Timing matters the most when it comes to filing a lawsuit if you are not happy with a settlement offer by the insurance company of the guilty party. Here are some facts that you need to understand the importance of timing while suing the other party for compensation.

Determining the right time to file

While it comes to filing a claim after an accident, you must consider an early action. Although you may be struggling to recover from the injuries, it is advisable to connect with a lawyer and understand your legal options. They can guide you through the entire process, including the optimal time to file and the expected period of closure for the claim. Typically, the nature of the case determines the personal injury timeline. Car accident claims, for instance, take less time as compared to a medical malpractice claim. Obviously, the lawyer would want to get started earlier with the malpractice cases. Moreover, you may have to extend filing if you have serious injuries.

Understanding the Statute of Limitations

While it is preferable to file a lawsuit within an optimal timeline, you also need to understand that a statute of limitations applies to all personal injury lawsuits. The statutes may vary from state to state but they impose strict deadlines for filing. Some states give you a year after the accident to file while others may accept a lawsuit up to six years. If the deadline has passed, the court is likely to dismiss the case. This is the last thing you would want to happen because you will be rendered ineligible for compensation just because of a delay in filing. Your injury attorney is the right person to decide when to file, based on the statutes of limitations that apply for your case. They can also help you with the discovery rule exemption, which lets you go ahead even if the legal period has expired.

Considering a settlement rather than a lawsuit

Even as you know that you have to follow the deadlines closely, it doesn’t always make sense to bring up a lawsuit immediately. They take up time and money, which is the reason why settlement with the insurance company is regarded as a better option where possible. If they are willing to give you the fair compensation that covers all your medical bills, damages, and economic losses, filing a lawsuit wouldn’t be necessary. Letting your lawyer handle the negotiations with the insurance company is a good idea because they will ensure that you get the claim value you deserve.

While settlement makes a better alternative to a lawsuit, you need to be very sure about its value and your injuries. Once you sign a settlement, you cannot demand more money from the insurance company even if new injuries surface or the existing ones require additional treatment.

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5 Things You Must Remember When First Starting a Business

September 7, 2020

Congratulations, you are starting a business! But don’t go celebrating just yet! Running a business is a big commitment and can be extremely complicated. It requires a lot of planning and research before you can get things off the ground. In this article, we are going to talk about five things you must remember when first starting a business. Interested? Then let’s get right into it!

The legalities

The legalities of running a business might be the most boring, but they are also the most essential. The correct permits, licenses, and insurance will all be required before you can start selling to customers. These may vary depending on where you will live, so make sure you do your research first.

On top of this, you’ll also need to work out how to register your business and how you are going to pay taxes. It’s a lengthy process, but you can end up with a substantial fine if you try and avoid it.

The finance options

Every business requires some sort of financing, so it’s vital that you get this sorted so you begin to budget your expenses. The process of applying for a loan can be extensive, especially if you have credit score issues or other loans currently being paid off.

If you are unsure of how to get the correct funding, it’s essential to do some research and look at what the best options are. It might even be beneficial to have a look at some websites online for information. A service like Hilton Smythe Finance could help.

The target market

Each business has a different target market, and this plays a valuable part in your business plan. Whoever your products/services are targeted too, will impact your marketing strategies and advertising methods. By choosing the correct market for your needs, you won’t waste any time and money on the wrong individuals.

For example, you wouldn’t go advertising on Facebook if your target market is individuals over the age of 60. This is why the analysis of your audience is critical here.

The advertising

As mentioned above, advertising plays a vital role in every business, especially if you are starting something new. You want to have a plan in place to help get things off the ground. While television and radio advertising is popular, they can also be expensive, so you might want to look for alternate methods. You might consider using social media, affiliate programs, or influencers. The options are endless.

The vision

Lastly, even though you are only just starting out, it’s important to remember your vision. What are your goals? Where do you see yourself in three years? This vision can keep you on track and remind you to stay motivated. It does make a huge difference.

By reading through the above, you can ensure that you are successfully starting your business in the best way possible. It might be tricky at first, but the more prepared you are, the better chance you have of becoming a great entrepreneur. Remember that you can do this! All it takes is a bit of hard work.

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How to Cope Financially in the Pandemic with a Disability

September 7, 2020

Covid19 has had a profound impact on the whole world, shaking it to its core with hundreds of thousands losing their lives to date. The impact of the pandemic has caused repercussions in other areas of our daily lives, too, including mental health, job security, disability, and finance. For those who are unable to work due to disabling injuries or illnesses, you may seek legal help from professionals such as the Pennsylvania Social Security Disability Lawyer.

For this reason, many people have been left in crisis. We will look specifically here at the financial situation for those who are most vulnerable; those with a disability, who have not only been more at risk healthwise during the pandemic but also in sustaining themselves financially. To know your rights and what steps to take if you were made disabled at no fault of your own, seek further information from a disability attorney.

The uncertainty of the financial support available to disabled people, as well as the short supply of essentials in stores, has put a lot of stress on people who are more vulnerable. Then, on top of that, they are the most likely to have been forced to isolate from their normal support services that the differently abled rely on. A specialist in NDIS Townsville advises us that those with a disability shouldn’t be left unsupported and there are many agencies and government schemes or programs available to the differently abled that are really beneficial in a time like this.

For anybody who has been waiting to pursue a claim for social security during the pandemic, there has been a lot of stress for them around when this will be processed due to lockdown delays. However, they will also be extremely worried about whether or not their claim will be successful and therefore potentially cause further delays.

This means they will have not only waited a long time to have it looked at but then they could also possibly have an unsuccessful outcome, meaning further appeals or reapplications against these decisions could result in further delays to receiving financial support.

So, what can they do to cope financially in the pandemic? Here are a few key points:

Talk to an attorney

Seeking information from an attorney increases the chance of your social security application having a successful outcome, as you’ll go forward with the knowledge that you require. Therefore, it is a good idea to talk to a lawyer to weigh up your options regarding finances.

Although they cannot push through the application process to make it faster, they can keep you on track with collecting the right information and meeting deadlines, plus navigating the very complex area of benefits. Having some experienced in this area on your team can be massively beneficial.

Ask for help from family, friends or neighbors

If need be, you should not be afraid to ask others for help if you are at risk of missing payments or going without essentials, such as food or utilities. There is help within the community available too, such as food banks, but there are often also lots of people around who are more than willing to help you get back on your feet.

Throughout lockdown, many people were actively looking for groups they could join to assist those within the community who were most at risk or classed as vulnerable. Therefore, if there was someone on their doorstep who they could help, they would be more than happy to help them out.

Know when to seek support for anxiety

Worrying about money is a well known leading cause of serious anxiety and depression – even for those who are considered to be affluent within society.

Therefore, when finances are of concern, it is of the utmost importance to manage your mental health appropriately and seek help, where needed, so that you feel supported and find channels to get advice.

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How to Generate Leads Through Online Marketing

September 7, 2020

To generate leads, you need to create valuable and persuasive content. That way, you’ll build trust and demonstrate authority, helping the user feel more comfortable with exchanging their contact information.

Whether that means picking the right keywords in your content or nailing your social media ads, better content leads to happy customers and, crucially, more conversions.

But how do you do it? Well, we’ve chosen eight of the best ways and tips for branding to attract leads through digital marketing that won’t lead your business astray, covering everything from web design improvements to social media advice:

1. Use Specific Keywords

Using long tail keywords (those with three or more words), rather than short and broad keywords, will help you target users who have a more specific search intent.

Let’s say you sell guitars in Buffalo, New York. You’ll want to use the long tail keyword ‘guitar shop in Buffalo NY’ rather than the keyword ‘guitar shop’ in your content, in order to reach potential customers (AKA leads) who are further down the buyer’s funnel. That is, users who are ready to buy a guitar in Buffalo.

There is also less competition with long tail keywords because they’re so specific. This means your web pages are more likely to rank for those keywords.

To find relevant keywords that will attract loads of leads, you can use tools like SEMrush, or the Google Chrome extension Keywords Everywhere.

2. Leverage PPC (Pay-per-Click)

Using PPC marketing allows you to target your web pages at specific users, based on factors like age, location, and job title. This helps you to expose your business to its ideal audience.

In other words, you can advertise to users who are likely to become leads, rather than just advertising to a broader audience and hoping for the best.

You can use Google Ads to have a link to your website appear at the top of the search results for a relevant keyword – you’ll simply pay Google Ads each time a user clicks on that link. It’s usually only a couple of dollars or so, depending on the keyword you are targeting.

PPC marketing is effective, earning businesses $2 for every $1 spent, but it can seem daunting. With that in mind, you can always hire an expert or use a PPC management company to handle all the PPC legwork for you.

3. Run A/B Tests on Your Web Design

How do you generate leads through online marketing? Test, test, test. You should test different keywords, PPC platforms, and website layouts to see what increases or damages your conversion rate.

Running an A/B test on your web design means trying and comparing different versions of your website to see which gains more traffic.

For example, your web developers can test different versions of your webforms or CTA (call-to-action) buttons to see which get more leads. Remember, to test is best!

4. Ensure Your Site is Mobile Friendly

57% of users say they won’t recommend a business that has a poorly designed website on mobile. Fewer recommendations means fewer leads, so it’s vital that you optimize your site for mobile and turn those dissatisfied visitors into happy leads.

How does it work? It’s simple. A mobile-friendly website will reformat its content to display correctly when viewed on a mobile device, ensuring your website looks great on all screen sizes. This is called responsive web design, and it helps to create an enjoyable user experience, removing the need for unnecessary scrolling or squinting at tiny navigation bars.

It’s an easy task for any web designer, and nearly all website builders come with mobile-ready templates anyway.

5. Create Lead Magnets

A lead magnet is a piece of content you can offer users in exchange for their contact information. Typically downloadable content, such as PDFs, eBooks, and quizzes (anything that would benefit or entertain the user), lead magnets can turn tentative users into confirmed leads.

Companies like Leadpages provide lead magnet templates for you to use on your own website, helping you ‘turn clicks into customers’ more easily. The same company reported that 9 out of 12 of its highest-converting templates come from its webinar registration pages.

With so many people working from home these days, there’s arguably never been a better time to start creating webinars anyway, has there?

6. Build an App

Developing an app means opening up another road to destination lead. It’s a road with heavy traffic, too, with 57% of all digital media usage coming from mobile apps. So, you can just build an app and expect more leads, right?

Wrong! To get users to download your app and become leads, you must offer value or an incentive. You can do this by providing services that are unique to your app, or services that your competitors haven’t offered yet.

7. Advertise on Social Media

As mentioned earlier, you can use PPC on social media to have your web pages appear on users’ social media feeds. The most common platforms to advertise on include Facebook, Twitter, and LinkedIn, but you can leverage paid marketing on nearly all social sites, even TikTok and Snapchat.

Attracting leads on social media is relatively cheap, too. The average CPL (cost per lead) is just $0.80 on Facebook, compared to $2.50 on Google.

You can also use social platforms to promote your lead magnets – think downloadable quizzes, PDFs, and checklists – and expose your business to the billions of active social media users around the world.

8. Personalize Your Content

No website visitor likes to be treated like ‘just another customer’. Getting personal can do wonders for your conversion rates, with 80% of customers more likely to purchase a product or service from a brand who provides a personalized experience.

You can use purchasing history data and the user’s IP address to recommend relevant products or services, or you can collect the information from your landing page forms so you can address users by their name in emails and promotions. A personalized experience should lead to more, well, leads.

Conclusion

To capture leads, you must create content that users love. You must build trust and nail your conversion rate optimization tactics.

Just think: it’s no use spending thousands on paid marketing campaigns if you’re directing users to your lousy website, because they won’t convert. So, take care of your content’s quality, and the leads should look after themselves.

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About the Author

Dan Barraclough is a writer at Expert Market, a leading B2B comparison site helping businesses find the best services and solutions. He specialises in a range of tech topics like web design and digital marketing, but also has a penchant for dash cams and postage meters.

Tips to Being an Effective Manager in the Workplace

September 7, 2020

Managers can make or break a business. Competent ones can tap into their employees’ talents, enhance productivity and retention. In fact, a study of over 5,000 workers revealed that those who trust the senior leadership of their company have higher chances of staying with their employer for over two years than those with little to no trust. Another study shows that 44 percent of employees have relinquished a job due to a bad manager. So, how does one become an effective manager in the workplace? Here are 7 helpful tips.

1. Delegate Intelligently

Knowing how to assign responsibilities to your employees wisely is crucial to leadership success. You don’t have to be on your employees’ neck, closely watching what they’re doing. Instead, you need to allocate tasks to them based on their capabilities and give them the freedom to perform their duties. Intelligent delegation of tasks allows you to accomplish a huge amount of work while developing your workforce’s autonomy, leadership, and job skills. If you’re planning to scale your taskforce globally, working with a reputable employer of record Australia can help you do that quickly and efficiently.

2. Communicate Effectively

If you’re an excellent communicator, you’ll be able to manage your teams efficiently. All main responsibilities of a manager, including delegation of tasks, motivation, relationship building, and conflict resolutions, become easy when you communicate clearly and regularly. In addition to speaking to your employees, you should also empower them to have great discussions with each other. Have the right communication channels in place. Here is a guideline on how to use some of the communication tools and channels at your disposal:

Email: Simple, neutral discussions
Chat: Group conversations, general announcements, and informal discussions
Phone: Long, comprehensive, or probably difficult discussions
Zoom or Skype: Long, in-depth, or potentially intricate conversations
In-Person: Quite detailed, lengthy, or emotional conversations

3. Be a Good Listener

Listening is a crucial part of communication. As a manager, you must offer the necessary support to people working under you. The ability to pay attention and familiarize yourself with the needs and worries of your workers forms a crucial component of your responsibilities. Each of your team members should feel that their viewpoints are valuable.

4. Set Clear Goals and Expectations

Another important responsibility you have as a manager is setting realistic goals and expectations for your workforce. Clear goals and expectations allow you to maintain the structure and be in charge of your team. They also give your team members a sense of direction because they’re fully aware of what you expect from them. Share your expectations with your staff right from when you’re hiring them and maintain these discussions throughout each worker’s tenure.

5. Provide Lasting Solutions

Effective managers are great problem solvers. They strive to find the best solution, the size of the problem notwithstanding. So instead of focusing on quick fixes, take time to develop something that will serve as a long-term solution to your current problem. For instance, if you’re having payroll-related problems with your global workforce, working with the right employer of record platform, such as Global PEO can provide you with a long-lasting solution.

6. Build on Your Team’s Strengths

Many managers focus on the weaknesses of workers and spend a lot of time looking for ways to improve them. Take a different approach by investing your time and resources in the main areas that represent your employees’ strengths. This will motivate them to work extremely hard, resulting in a huge return on your investment. In addition, consider giving your employees opportunities for growth by offering them expert training and courses. People become more passionate about what they do once they feel supported, encouraged and valued in an organization. Technical and conceptual advancements are unavoidable in any industry, so scheduling regular training sessions for your employees will make them more efficient and productive. Check out Langevine learning services to learn more about corporate training programs suitable for your business and employees.

7. Know Your Employees

Getting to know your staff better is an important part of becoming an effective manager. Determine what drives them and what they really treasure in their work. If you discover a member of staff wants to climb the leadership ladder, you can offer training or a mentor. Others may be requiring an open space, better equipment, or flexible hours to perform their responsibilities efficiently. By addressing such needs, you can create a more focused workforce and enhance the work environment.

Being an effective manager requires a wide range of skills. But if you take the right steps and remain committed to the course, you’ll acquire these skills. These tips will help you start your journey to becoming an effective manager.

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How to Handle a Small Business Cash Flow Crisis

September 4, 2020

A cash flow crisis can happen to any small business at any time. There are several reasons why you might have found yourself in a situation where you’ve got more money going out than you have coming in. Perhaps you’ve had to fund an unexpected business expense this month, you need to get a factoring company, a client is dragging their feet with paying an invoice that was expected last week, or maybe one of your biggest customers has just pulled out. The good news is that most of the time, cash flow crises can be turned around. There are several options available to you that you can use to make sure that you have the funds necessary to cover your business expenses now and in the future. Here are some ideas to consider.

Small Business Loan

Most cash flow crises aren’t serious enough to warrant going to the bank for a large loan. However, one option that might be useful to you is a small business loan. These loans are often provided by smaller lenders who focus on lending smaller amounts of cash, designed for businesses like yours. They are also easier to get if your business is fairly new since most banks and bigger lenders will expect to see extensive financial records from your company. Even if your business is in the very early stages and does not have much financial history to show, some lenders will still offer a business loan that you can use to balance your cash flow.

Business Credit Card

Keeping a business credit card on hand for emergencies is good practice. And, you can use your credit card to make essential purchases each month before repaying it in full, which will help to build your business credit rating and make it easier for you to obtain loans and other forms of business credit in the future. Business credit cards are usually much easier to get than a business loan when your business is in the early stages and can provide you with an emergency fund to fall back on if you run into a cash flow crisis.

Invoice Factoring

If your cash flow issues are due to clients not paying their invoices on time, you may benefit from invoice factoring. Invoice factoring companies work by providing you with the amount of money that you were expecting to be paid by your client, and then the client will pay their invoice to the factoring company instead. As a result, you do not need to be short if your client is ignoring the reminders to pay that you have sent them. Many invoice factoring companies also have debt management services that can step in to make sure your client pays what they owe.

Borrow From Friends and Family

Finally, if you’re struggling to get any official funds for your business by lending, you might want to consider asking your friends and family to help you out. If you have supportive friends and relatives who want your business to do well, they may be happy to offer you a loan to cover the amount that you need to balance your cash flow for the month. However, it’s always important to be careful when borrowing from friends and relatives and ensure that you can keep to the agreed terms of the loan. Borrowing informally from people in your life can be cheaper as there’s no interest, but it can damage your personal relationships if you are unable to make repayments as agreed. Be honest and upfront about what you can afford to enable you to come to an agreement that suits everyone.

Cash flow problems can happen in any business, but the good news is that there are plenty of options to consider if you’re going through this right now.

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4 Factors to Consider When Choosing a Forex Broker

September 3, 2020

People often ask how to choose a good Forex broker. In fact, the internet is filled with articles explaining exactly how to go about finding the best broker. The problem is that most of these articles are wrong. When you strip most brokers back, you find that most of the differences between them – what makes them “better” than others – is little more than marketing and window-dressing.

Jeffrey Cammack, COO at TradeForexSA, a South African Forex broker comparison portal, clarifies further: “Assuming you have a list of well-regulated Forex brokers, there are only four things that you really need to think about: How much you can afford to lose, does a broker publish its fees, how much are those fees, and how easy is it to withdraw your money. That’s it really.”

Some people may prefer a specific trading platform or want to trade a particular currency pair that isn’t available in many places. But if you are just interested in profitable trading, these four factors are the only important considerations:

1. What are you willing to spend on Forex trading (or more accurately what are you willing to lose)?

This should be a carefully made decision. Forex trading is not gambling for those with the requisite financial knowledge. But all traders are going to have losses, the markets are too volatile to profit every time. Never trade with more than you can afford to lose. Once you have a figure in mind you can narrow down your list of well-regulated brokers, only keeping those with trading accounts that have a minimum deposit that works for you.

2. Do the Forex brokers on your list publish their spreads and/or commission?

This is of the utmost importance. The spread and/or commission is going to be your main cost and you need to know what, on average, you are going to be spending. Forex brokers that do not publish spreads or are non-transparent (e.g. only publishing the minimum spread, or only publishing the spreads on their most expensive account) often have something to hide. And what they are hiding is rarely in a trader’s best interests, as we have seen recently with the JP Markets scandal.

3. What is the cost per trade on your chosen account?

This requires the answer to question 2 to be in the affirmative. Once you know the spreads and commission on an account you can get a basic cost quite easily for each currency pair. Many of the larger Forex brokers offer free trading cost calculators – using these calculators you can find the lowest cost broker that fits your deposit requirements. Remember that just because a broker charges commission does not mean they will be more expensive. Brokers with commission offer direct market access and a have much tighter spreads – in fact, commission-based brokers often come out cheaper.

4. How long does your broker take to process withdrawals?

All the above is well and good, but if a Forex broker takes forever to process your withdrawals, or charges hidden fees, you are going to be left frustrated and out of pocket. Always read the withdrawal small-print: Some brokers will have free withdrawals for e-wallets and charge for credit cards, some brokers will charge for credit cards and for e-wallets, the best brokers will have free withdrawals across the board. Many brokers will charge for bank transfers, but these are also slow and will often incur a charge from your bank too.

Once you have gone through this checklist, you should be in a good position to select a trustworthy, low-cost broker that will not charge you outrageous fees or delay your withdrawals. This will leave you free to focus all your energies on turning a profit.

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Socially Distant Socials: How Can Businesses Continue Social Calendars For Free?

September 3, 2020

Businesses everywhere are seeking ways to cut costs and squeeze every penny to help stay afloat during the current economic crisis. A common theme for companies to save cash is to pause employee benefits. However, there are some perks that if halted, could be detrimental to the business.

Work social events are key to team building, employee relationships, boosting morale and maintaining an overall positive workplace atmosphere. But with budgets cut, alongside social distancing guidelines, it can be difficult to continue with these events, which is why many businesses are seeking guides on how to resume these gatherings for as little cost as possible while staying safe.

Below is a look at some of the most popular socials that employees can take part in from their own home for no cost to the business.

Pub Quiz

The beginning of lockdown saw the public quickly adapt and become inventive when it came to socialising with colleagues, friends and families.

No activity has proven more popular than that of the classic pub quiz. Pubs were one of the first establishments to close during the pandemic and one of the most missed by the public.

In a survey of British employees, a virtual pub quiz scored the highest rating in which social event staff would want to partake in virtually with their colleagues.

There is no cost, unless employers wish to have drinks sent to employees homes and can be done with ease.

Local pubs across the country are hosting quiz nights via streaming services but if a business is strict to certain time frames for socials, it can easily be done around their own calendar.

A quiz master can be selected to generate the question list, alternatively, team members can write each round for variation. A novel idea is to create a round with questions centered towards the business or colleagues.

Zoo Talks

Animal live streaming cameras are not a new venture, however, they have risen in popularity since the start of lockdown.

After the closure of zoos, revenue was almost completely lost overnight and zookeepers have become creative to find new ways to continue interest from the public.

While zoo live streaming cameras are free, it is always recommended that an affordable donation is provided to these establishments as many are charities.

The best part of choosing this social event is there are no restrictions with locations, so the choice of animals is significantly increased and the choice or rarer or more interesting creatures is larger.

Companies can simply choose a preferred zoo and access their ‘playlist’ of animals. Many of these zoos also provide in-depth, live information from keepers, alongside feeding and other displays.

Colleagues can all log in at the same time and sit back to watch, which can lead to discussions afterwards and even allow staff to present their own relevant knowledge.

Show & Tell

Most workers state they miss having a general chat with colleagues the most while working remotely, however, this can often be difficult to simulate in a virtual environment.

Show and tell socials provide a platform for this, while reducing the risk of colleagues talking over each other or struggling for conversation ideas.

Themes can be set each week, such as holiday souvenirs, strangest household objects or lockdown DIY projects.

Alternatively, these can be completely random to allow staff to finally show off a purchase they would usually share with the office.

Providing colleagues already have a webcam installed in their devices, this is completely free and will still help continue colleague relationships, while providing some much needed fun during these times.

Dance Party

While some recoil at the thought of dancing, a virtual dance party doesn’t require much skill, just some enthusiasm and a party playlist to suit all those involved.

A growing trend is to get teams together via video call and create choreographed routines that can be filmed and shared throughout the business.

This can be as simple as a virtual Mexican wave that appears to flow seamlessly between each participant’s home to complex synchronized routines, it’s really down to how comfortable each staff member feels.

Online Karaoke

Staff are beginning to realise that large numbers of their colleagues are as tone deaf as they are with online karaoke socials and this is causing less individuals to shy away from singing with their coworkers.

With a little pre-planning, a set list can be created with everyone’s chosen track and ensuring everyone’s mic levels are at the correct setting, virtual karaoke parties are swiftly becoming a favoured choice for work socials during the pandemic.

For shy participants, there are online karaoke providers who can add a hint of autotune to their vocals, to help boost their confidence and increase likelihood of participating.

Virtual Bingo

Bingo cards can be created in cloud sharing spaces or paper copies can be sent to staff to print at home.

Virtual bingo halls have been going for many years, but new ones that require no payment or signup have begun to spring up across the web.

Web-based bingo callers are increasingly popular and provide a platform for all colleagues to participate in some well-loved bingo.

The experience is completely free, although adding affordable prizes can often inject more excitement into the game.

Team Dinners

Nothing brings people together like a good meal. Allow your teams some time to prepare a dinner of their choice and gather everyone together to sit down and enjoy the time together over video call.

Cooking and baking has risen in popularity during lockdown and this is a great chance for colleagues to show off their new skills to each other and recipes can be shared easily during this time.

For employers wanting to go the extra mile, there is also the option of having a takeaway delivered at the same time to team members’ homes, pizza is always a popular option.

The basis of any successful business is happy and content workers and social events are crucial for keeping everyone motivated and it also provides much needed entertainment for those who live alone or may be required to shield.

Business owners need to still show staff they are valued during this period of time and providing these free, but stimulating activities is one of the best ways to do so.

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