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January 27, 2018

What are the best currency pairs to trade?

currency to tradeIrrespective of an ever-changing economic climate, some currency pairs will always be more appealing than others. This is because popularity and size of the market dictate what pairs are frequently traded. High liquidity and low spreads attract a higher number of traders.

The G10 are the world’s most liquid currencies. These are the US dollar, the euro, the Japanese yen, the British pound, the Swiss franc, the Australian dollar, the New Zealand dollar and Canadian dollar, the Swedish krona and the Norwegian krona. Traders regularly buy and sell these currencies, making them the most traded currencies in the world. From here, let’s consider the best currency pair to trade.

EUR/USD

As you might expect, the trading of the world’s two largest currencies would be popular, as a result of its stability and liquidity. It’s a safe bet particularly for beginners, the pair is unaffected by other trades and is not considered volatile. The predictable nature of the way this pair trades, benefits strategists and newcomers alike. The high levels of liquidity mean that this pair often has a tight spread, meaning low trading costs. These low spreads can be taken advantage of by scalpers.

GBP/USD

The aforementioned benefits of EUR/USD are also relevant for GBP/USD. It is liquid, relatively stable and predictable, although slightly less so than EUR/USD. Generally speaking, the similarities continue for performance, the two pairs tend to move in a similar manner, although Brexit developments can impact on this GBP/USD, which have made it more unpredictable than the euro over the past year or so. Beginners are usually advised to not trade both GDP/USD and EUR/USD simultaneously.

Risk Off Sentiment

When market sentiment is negative, investors tend to seek safety in currencies which are traditionally seen as safe havens. The two main safe haven currencies are the Swiss Franc (CHF) and the Japanese yen (JPY). Therefore, when considering which currency pairs are the best to trade, it is also worth considering the trading environment that you are trading in. If it is a risk off environment, where the market is responding negatively to a particular event, then USD/CHF and USD/ JPY could be the best to trade. You could expect USD/CHF and USD/JPY to move lower when investors are searching for safe havens.

Commodity Currencies

Commodity currencies are currencies that move in line with the world’s primary commodity prices. They are Australian dollar, New Zealand dollar and the Canadian dollar. They co-move with a particular commodity price because of these countries heavy dependency on the export of a certain raw material for income. If you are interested in commodity prices, the currencies could be the best to trade.

Which broker?

There are many different currency pairs to trade, depending on your personal preferences and interests. There are also many different brokers through which to chose to trade. However, it is important to choose a broker which provides first rate pricing and execution.

Vantage FX is an award winning Australian broker. It is a true ECN broker meaning that its pricing is inline with that of top institutions and it receives liquidity from the likes of JP Morgan, HSBC, Citibank and RBS to name but a few. Execution at Vantage FX is among the best in the industry meaning you have best chance of making your trade a winning trade.

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January 25, 2018

How to Pick the Right Overseas Money Transfer Company in Today’s World

transfer your moneyBanks and a limited number of high street forex brokers ruled the remittance market until the turn of the last century, giving individuals and small businesses little to no value for money. Now, just about everyone can get access to competitive exchange rates, mainly because a number of companies specialize in this realm alone. How, though, do you select the right money transfer company?

Supported Currencies and Countries

What good is a money transfer company if it does not support your desired currencies or countries? Start by determining if the company you shortlist supports both the countries and currencies in question. For example, while Transfer Wise and World First support most countries and currencies, Azimo lets you register only from a European country, and InstaReM operates mainly in Australasia.

Cost Effectiveness

Do not get carried away by great exchange rates because how much you pay as fees also requires your attention. An easy way to determine the most cost-effective alternative is to look at how much money the recipient will receive at the end of the transfer.

Transfer Methods and Speed

Transfers to bank accounts can take one to seven working days, depending on where you live, the destination country, and the company you select. If you’re in a hurry to send money overseas, a better bet is to look for companies that operate out of physical locations or have tie-ups with agents. Some companies that allow transfers to cash pickup locations include Azimo, Western Union, and MoneyGram. Bear in mind that these transfers tend to cost more than transfers to bank accounts.

Payment Methods

Just about every overseas money transfer company lets you pay through bank account transfers. Some let you pay using debit and credit cards. You can also find companies that accept payments via region specific methods such as ACH, SOFORT, and POLi.

Trustworthiness

An easy way to determine if a company is trustworthy is to check if it is registered with and regulated by relevant regulatory bodies. Depending on where the company is based out of, it may be registered with the UK Financial Conduct Authority (FCA), the U.S. Financial Crimes Enforcement Network (FinCEN), the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), or the Australian Securities and Investments Commission (ASIC).

Keeping Track

Once you initiate a transfer, keeping track of its progress should be simple. Good money transfer companies let you track your transfers through their websites or through apps designed for mobile devices.

Customer Service

The top players provide local phone support in different countries. Online support is easier to find, through email or chat. Since you might need to contact customer service now and again, select a company that rates well on this front. Turning to platforms such as Trustpilot and Feefo gives you easy means to determine how previous customers feel about the companies you shortlist.

Conclusion

There is no single overseas money transfer company that works equally well for everyone, given the varied requirements. To narrow down on one that suits your best, pay attention to aspects such as cost and speed as well as transfer and payment methods.

Jon works as a researcher for iCompareFX. The website lets its users compare leading overseas money transfer companies, and also provides in-depth reviews. When he’s not working, Jon likes to discover new music.

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November 29, 2017

In The Nick Of Time: Advantages Of Real-Time Construction Notifications

construction expensesCloud Computing: Revolutionizing Construction Techniques

Cloud computing is truly a game-changer; just consider these five revolutionary cloud computing applications. It’s possible to cut tens of thousands from traditional operations by reducing time necessary in regard to bureaucratic management, and costs associated with information technology.

On a job-site, the right cloud solutions can get everybody “on the same page” more quickly, provide for remote monitoring, clock-in/clock-out procedures, and information provision. Managers of a given site can more cohesively lead their workers, and those funding a given project can watch its progress in real time.

Beyond convenience and complication reduction in operations, many financing construction projects are becoming increasingly interested in problem prevention. There are many situations where a tiny change like a halt in building could have stopped a much bigger, costly problem from happening.

With the cloud, such close monitoring is more realistically feasible than it’s likely ever been. When you add to that positive political trends in reference to the construction market, such innovation presents itself as a nearly essential component of modern building endeavors.

Today, there is hope on the horizon—there is light at the end of the tunnel! Brexit last year heralded in global change, and was swiftly followed by a political administrative change in the United States that is, and provided nothing politically untoward happens, will continue to be, very good for construction.

Additional Cost-Saving Solutions

If you’re looking for discount sleeper trucks, at https://www.mylittlesalesman.com/find/sleeper-semi-trucks-i2c55f0m0, you can find a fine inventory of them—according to the site: “…you’ll find new and used sleeper trucks for sale that offer comfort and have as many axles as you need to comfortably haul any type of cargo…”

With a sleeper truck you can cut down transit times when shipping specific materials, which in turn cuts down operational costs. Cloud computing solutions can help you identify areas of operations where a tweak here or there could substantively reduce costs.

There are always places where you can conserve assets and optimize your business. Always. Sometimes optimization involves acquisition of newer software solutions, sometimes it means liquidation of antiquated tech. What’s sure regardless of purchase or sale is that there’s something you can do.

Look at your regular contracted jobs at the present time. What kind of jobs characterize the majority of operations? What are common problems which occur when you’re pursuing these jobs, and how can you prepare for those problems in advance? Conservation of time is the next best thing to the conservation of money.

Time And Money

When technology solutions can save you time with minimal invasive bureaucratic rearranging, that’s a cost-effective optimization. Additionally, it can be that which provides you increased competitiveness against other construction groups who have yet to incorporate this technological upgrade.

Look at cost-savings in terms of time. How much is one hour of production worth to your company? $1,000? $10,000? $100,000? If you can save just ten hours a month through more smooth operations via technology, at these numbers you’re cutting expenses by a minimum of $120,000 a year. If you’re saving ten hours at $100k a month, you’re saving $1.2 million annually.

Little costs add up. You can be “nickel-and-dimed” to bankruptcy, if you’re not careful of this trend. At the same time, you can use such techniques to increase profit gradually over time. Attention to detail is key.

So sit down and consider the costs of operation right now, identify where you can upgrade things, and take steps to facilitate those upgrades. Little changes can produce big savings, so be diligent to conserve all that is available to you.

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September 5, 2017

Why property investment should be a key part of Estate Planning?

plan for your estatePeople underestimate the importance of property investments within estate planning until it’s too late. Estate planning is your declaration after you pass away. You may not want your family to receive money and other assets you intended for your wife and children. Molly McCollough found out how essential property investment within estate planning is the hard way.

Meet Molly

Molly McCollough is a 54 year old woman who is the founder of Theature Company. Molly thought she and her husband has everything figured out. They never thought they needed life insurance or a strategy for financial planning because they were married and didn’t have children, so everything would be left to Molly. After her husband, Joe died, Molly found out being his wife didn’t carry much weight in collecting his estate.

The Issue

Molly’s husband didn’t have a will, and the money he left behind was in a foreign bank account that did not have her name on it. Because Molly’s name was not on any of the accounts, she didn’t have access to anything.

Molly was afraid and mourning the death of her husband. Molly needed to figure out a way to gain access to his estate before his family tried to claim any part of the estate. Molly felt her husband was hiding secrets, and she didn’t know where to turn or who she could trust.

Molly said, “There’s just something about death and greed and money and long-buried resentment that bubbles to the surface when there’s any substantial inheritance. It tears families apart. People lie and steal and cheat.” In her situation, she was right. Joe’s family did just what Molly hoped they wouldn’t. They came and took all of his estate and left her with nothing. Inheritance drama is something no one wants to deal with and it can cause years of frustration, and put a rift between families.

Life insurance, financial planning, and estate planning are things you need to discuss with your partner before it’s too late. Make sure you and your partner have a will whether you have children or not. If these things are not in place before you pass away, the state will do what they see fit, and most of the time, it’s not what you wanted.

The Solution

At Unified Lawyers, we work tirelessly to help people who don’t understand wills, trusts, estate planning, and similar assets. We understand the urgency in these situations and always put our best foot forward. We are not a traditional law firm. We believe in helping people instead of collecting a check. All our fees and costs are straightforward so each of our clients know how every cent of their money was spent. We are here to help you get your situation resolved.

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September 4, 2017

Loan Types to Consider if You Own a Small Business

offering business loansSmall business owners are earning increasing visibility in Western society, and are increasingly applauded for their courage in setting off on their own. Founders pour their hearts and souls into both startups and other types of small businesses, and for many people their lives revolve around their company. But even once your small business is off the ground, you’ll likely need to take out loans of some type to cover expenses and to help you expand your company. Read on for some basics on the different types of loans that you could take out, depending on your business’ specific needs.

Business Line of Credit

A business line of credit offers you readily available cash whenever you need it for your business. Like a line of credit for a credit card, there is a fixed maximum, but you only pay interest on the amount of money that you actually use. Also as with a credit card, funds are there for your business when you need them, even if what you really need is physical cash.

Different lenders will have different terms with your business line of credit, but some may require that you routinely pay off the entire amount. Even if your specific line of credit only requires you to pay interest, it is always a good idea to pay off portions of the principal as regularly as possible.

Business Credit Cards

Business credit cards are very similar to the personal credit cards that you already have open. Unlike a business line of credit, withdrawing cash from a business credit card typically incurs high fees, but there are other benefits to business credit cards. Depending on the specific card, you can earn cash back bonuses or “points” on various purchases, which may help you cut costs in the future. You can also build your business’ credit, even if you already have the capital you need, by making relatively small purchases on your business credit card and paying them off quickly.

Term Loans

Small businesses can apply for term loans, which would give you a lump sum of money that must be repaid within an agreed-upon amount of time. Term loans do also accrue interest, which typically must be paid back monthly. Term loans may be repayable in extremely variable time periods, from several months to several years. These loans are best for business that are looking to make big purchases or investments, but need a one-time financial boost in order to do so.

Equipment Loans

If your business needs to purchase new equipment or machinery (including computers, printers, or other industry-specific needs), equipment loans may be the way to go. These are especially beneficial when a business has no other costs that require a loan, except for the equipment costs. Equipment loans are typically made for the exact amount of the desired equipment, and may sometimes be kept for the entire lifespan of the equipment. As with all loans, equipment loans will accrue interest, which will need to be paid back regularly.

In addition to these more standard loan types, there are also some less traditional loans, such as competitive loans offered to small businesses by online companies such as LendGenius. To learn more about these non-traditional finance options, and the potential benefits for your business, visit their website.

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