5 Essential Elements to Consider When Investing in Managed Forex Accounts

When choosing potential forex investment opportunities there are many things to consider. Below are five things that you need to consider and keep uppermost in your mind as a potential investor in managed forex products. This is does not intended to be a complete list but is only a basis from which to build a successful Managed Forex portfolio. In the end it is up to the individual to do their own due diligence and not simply rely on the advice of other third parties.

1) Do You Have Complete Control of Your Funds?

The absolute most important thing to consider when evaluating managed account options is ensure you always have control over your funds at all times. If you are dealing with a reputable Forex Broker, and this should always be the case, you should not have too much to worry about in this respect. Further down we cover more on this aspect. If you avoid any type of pooled fund arrangement and use a LPOA or “Limited Power of Attorney” you should then be able to revoke the right of the trader to trade the account should the unthinkable eventuate. Best to be safe than sorry.

2) Historical Performance

Obviously there is a huge advantage in being able to see a managed forex account traders historical performance figures. They also need to be verifiable figures, in the form of original statements. A spreadsheet of numbers or a table on a website doesn’t constitute verifiable figures, no matter what the trader or company does to try and back up their claimed performance figures.

3) Money Management

When it is all said and done all you really have to go off in terms of deciding on a Managed Forex provider is their history. Their history needs to be verifiable, that is audited or displayed as original statements with known authenticity. Don’t settle for a table on a web page or a bunch of Excel spreadsheets, these simply cannot be verified as authentic. If the provider cannot present you with verifiable documentation to validate their performance claims you have to assume that their figures are bogus.

4) The Broker

Another important fact to consider when choosing a managed forex account is which broker they use to execute their trades. Do they offer tight spreads and fair trade execution and do they process deposit and withdrawal requests in a timely fashion? A bad broker can really ruin your whole managed account experience. Often I have had to deal with brokers who take weeks to process your withdrawal requests and can also take weeks to put your funds into trade. This can end up costing you thousands of dollars and months of waisted opportunities. Sometimes it is bureaucratic incompetence while in other cases it may well be something more sinister, all the same it is best to study up on prospective brokers and see if they have a good bad or indifferent reputation amongst other traders.

5) Draw Down

Something that traders dread, but invariably have to deal with is draw down. What constitutes an acceptable level of draw down, and what is down right dangerous to the safety of your trading account? Personally I set the figure at somewhere between 25-30%, others prefer a more conservative 15% whilst others can deal with 50%. For me 50% is simply to much and difficult to recover from. You basically need to then double your account just to recover your original amount. A difficult feat to achieve. Whatever amount you decide on stick to it and do not be tempted to trade out of an impossible situation. That is simply gambling not trading.

In conclusion follow these 5 points and do your own due diligence on any prospective investments you look at. Every success to you with your trading.

4 Reasons Your Small Business Needs Consulting Services

Every now and then, entrepreneurs and small business owners need advice from industry experts. Business consulting is one of the most under-looked services for small businesses that can actually deliver great results. Operating a business for the first time can be very complicated in the beginning, and in most cases, it takes years to learn all the ropes. All of the trial and errors you go through can help with the learning curve, but sometimes it’s at the expense of the entire business.

Why not shorten the learning curve by working with a professional that specializes in small business development? Consulting with an expert can help ensure that your company stays afloat, whether it’s a startup or been around for many years. There’s always something new to learn, especially with the ever-changing world we live in.

The following are five reasons why we believe it’s a good idea to hire business consulting services.

You Can Boost Profits and Reduce Expenses

These are the two most effective ways to maintain a profitable business. It doesn’t matter how much money your company is earning – if the overhead costs are too high, then your profits will always suffer. Sometimes, you need to tweak your methods and add techniques to help drive better results. An expert in business can analyze your company and offer great advice for improving everything from your marketing to your business plan.

You Can Learn the Best Practices

If you are opening an online business for the first time, you’ll quickly learn that it’s a lot different than operating a brick and mortar. Some things are simpler and others are a bit tricky. Working with a business consultant can help clear things up about how things should be ran. It’s information that’s definitely worth knowing for the long-term.

You Can Learn What Isn’t Working

Collecting data is important to see what’s working and what isn’t. But simply pouring over the numbers isn’t always enlightening, especially when you’re unsure of what to look for. A consultant knows this and can offer insight into what is and isn’t effective in your business strategies.

You’ve Run Fresh Out of Ideas

Running a small business takes creativity. Without it, it becomes much harder to compete with medium and large size companies. Using business development consulting services means getting access to someone with a fresh perspective, which can be beneficial for reviving your brand. Reputable SEO companies can offer the best strategies for revamping your marketing strategies so you’re online advertising becomes more efficient.

Umbilical Cord Blood Banking Could Be an Investment in Our Future Health

Most people are aware that donating blood can help save the lives of others. In fact there are certain times of the year where calls are made for people to donate blood to cover shortages. What you may not be aware of is another form of blood donation that is starting to gain popularity. What is this new form of blood donation? Umbilical cord blood found in new born babies. The blood found in the discarded umbilical cord is full of valuable cells that could be the cure for many diseases.

The umbilical cord and placenta are viewed very differently by people around the world. In some cultures it is revered whilst in others it is considered hospital waste. In today’s medical world it is considered a treasure full of live saving cells. Many scientists working on diseases are fighting hard to have cord blood preserved and used for scientific research. So what is all the fuss about? After all, cord blood is just blood isn’t it?

It seems not. Umbilical cord blood contains cells known as stem cells. Stems cells are the basic building blocks for every organ in the body. It’s not just organs either. Stem cells are really the building blocks for every part of the body – skin, blood, nerves and of course our organs. This is what has stirred up interest in the science community. If stem cells are the building blocks for our organs – can they be used to ‘grow’ organs for transplanting. Imagine, organs that have been grown in a laboratory. They have not been exposed to hardship, pollution or any other damaging environment that human to human transplants have.

Doctors have already found uses for stem cells. They are being used to fight several diseases including cancers found in children. The success rate for these treatments is quite high. There are now several adult diseases that are being tackled, including cancers such as leukemia with some success. The medical community is hopeful of solving problems such as diabetes and spinal cord damage using stem cells.

A huge industry is starting to grow based on the private collection and storage of stem cells for parents. This storage is being promoted as a form of insurance policy for their children. Save their stem cells now and if any disease afflicts them, their own stem cells will be there to help treat them. Is it a viable insurance policy? Time will tell – it is certainly viable for the companies selling this service.

Public cord blood banks are also being established, often through major public hospitals. The cord blood saved in these banks is available on a needs basis to suitable patients. A small quantity is also made available to researchers who trialing various treatment programs.

As a parent, we have a choice. We can allow the hospital to throw away this cord blood, we can pay a small fortune to bank it for our child, or we can donate it to the public cord blood bank. Public donations are investments in our future health since they provide researchers with valuable stem cells to use in their research. Public donation of umbilical cord blood also means there is a supply of stem cells available to treat those who most need it. As an investment – hopefully it will pay off for all us.