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Friday, October 21, 2016

What exactly is spread betting and can it make me money?

The simple definition of spread betting is the act of allocating money on speculative outcomes such as whether or not an asset will increase or decrease in price. Everything in the trader's market can bet on including indices, shares, stock, commodities and even house prices.

Traders enjoy this option of trading because it means you aren't buying the asset itself. All you need to do is take a quick look on the prices which are being offered on whether a certain asset will increase or decrease and away you go.
If your trade goes the opposite way to which you planned then you just as quickly lose money as you can making it. Because of this loss which can happen many spread betting firms like CMC Markets for example offer some protection to their traders. This happens through a deposit which is called a 'margin'. Although this comes in a variation of sizes it is usually based on ten percent of the initial investment of your bet. When it comes to losses, on a particular trade exceed that margin percentage then your provider can demand more money. If you haven't got the money then your provider will close out the trade at the current position you are standing in.
Saying that, you will go deep into debt if you rely on margin calls when it comes to losses through spread betting. The strategy to take on is to stop losses happening in the first place. You can create orders on many online platforms where you can close out the trade when it reaches a specific level. There also comes a potential problem when setting out a level to close out at and that is that if the market is moving rapidly, many stop-loss orders can be triggered together at once meaning you may not exit at the level you expected. This works on a first come, first serve basis.

Why choose spread betting?

Many traders choose spread betting as their way of trading because not only is it simple and requires less strategy but is also affordable and tax free because you don't own any assets. In the trading world, when you buy stocks through a broker you have to pay a commission or a fee but with spread betting you don't. This makes spread betting affordable and effective to many traders around the globe.
Spread betting can be done on a range of markets around the world and isn't meant for one specific market making it diverse for individual traders. With spread betting it is possible to bet on currencies, shares, and even political events such as who will win in a political election for example.
Spread betting can be done through virtual platforms as well as through stockbroker offices. There is also demo accounts available for the traders who want to try and the water before swimming. Having the choice to practice without investing is vital when understanding what and how you are going to trade on in the future.
With spread betting it is also possible to trade during all hours of the day and night, even when the traditional markets are closed. Putting this in contrast with the general trading markets which are only open during the working hours of a weekday.
If you think spread betting is for you then have a go today! The possibilities to make large profits is increased if you have read up to date reports on the market you are betting on and if you read about strategies. Make sure you are in the know on the latest events that co-inside with your asset that you have chosen to bet on. If you aren't sure on whether to invest in such a risky trade then have a go on virtual demo platforms before making a commitment.

Image: US-PD

What are the most frequent citations issued by OSHA?

By: Michael Schreyer

The Occupational Safety and Health Administration (OSHA) serves a very important role in our daily lives by making sure that we have a safe environment to work in. OSHA will periodically audit companies to inspect working conditions and insure that the company you’re working for is compliant with the rules and regulations that they have established. However, even with the best of intentions, not all companies are OSHA compliant. As such, here is a list of the most common OSHA violations that businesses tend to commit.

Image Courtesy of: Anirudh Koul
Fall protection- Gravity has a tendency to do a nasty number on the human body. Slips and falls tend to be one of the most common workplace injuries and while it might not always be due to noncompliance,

fall protection violations don’t help matters much. When working on a surface that is 6 feet or more above another surface, OSHA requires there to be some measure of fall protection, whether it be guardrails, safety netting, or a personal safety harness.

Hazard communication- Do you always know what chemicals you’re working with? OSHA mandates that all chemicals that are used are clearly labeled as well as having the necessary and up today material data safety sheets that explain what the chemical does as well as how it can be neutralized in case of an emergency. Companies get violations for used unapproved cleaners, unlabeled bottles, or not having an up to date MDSS for the chemical agents being used.

Scaffolding- Hand in hand with slips and falls, scaffolding can be some of the most dangerous equipment for an employee to use. Not only does it have to reach considerable heights, but is also in danger of falling over which can lead to serious injury or death. Because of this, OSHA has some very strict requirements regarding scaffolding and the necessary safety measures that must be in place for it to be used.

Respiratory protection- Chemicals, fine dust, and particulate matter that is stirred into the air can create a very real hazard for employees. Anywhere from a respiratory infection to long term and chronic illnesses and diseases can be caused by lack of proper respiratory gear. Often times violations are from employees not using protective gear, or it not being on hand or properly located.

Lock Out/ Tag Out- This is a very common violation that can lead to some very serious injuries. The Lock Out/ Tag Out process is used when a piece of equipment is malfunctioning and is in need of repairs. During a lockout / tagout, the equipment is locked and disabled from being used, a tag is then hanged on the equipment to let employees know that the device is out of order and not to be used.

These are just a handful of the violations that OSHA audits tend to turn up. Make sure you take steps to protect yourself. If something isn’t working, or seems to be wrong, bring it up with your supervisor so the problem is addressed. Workplace injuries can be more than just a painful inconvenience, as serious matters can cause significant and prolonged harm. If you’ve been injured on the job, then speak with a personal injury attorney to help protect your rights.

About the author: Michael Schreyer is a personal injury attorney in Maryland and is a partner in the firm of Alpert Schreyer, LLC.  He is an experienced personal injury attorney, serving the Maryland and Washington, DC area and providing information and advice on his law blog at dcmdlaw.com.

Resource: Google Search: OSHA
Image: Flickr, Creative Commons

How to know if you have a medical malpractice case

By: Michael Schreyer

While the human body might be one of the most incredible machines in existence, it doesn’t mean that it’s completely impervious to harm. Even with the most well balanced diet, plenty of exercise, and perfect hydration levels, you can still get sick or injured. There are few things in this world that are more terrifying than being sick or hurt, especially if you take good care of yourself. Having to go to the Doctor’s can make that feeling even worse. For some people, a trip to the Doctor’s office is a prime trigger for anxiety, that can make that nervous feeling even worse. But we calm ourselves down, swallow our fear, and sit down in the waiting room, waiting for our turn on the table. After all, the Doctor is supposed to help us get better, right?

But what happens if the doctor makes a mistake?

They are human after all, and accidents do happen. However, while making a mistake in the course of your daily life doesn’t tend to be too detrimental, when a doctor makes a mistake, things can become much more serious. When something like this occurs, it is referred to as Medical Malpractice. However, there is a very fine line between a treatment simply not working and an outright malpractice case. The definition of a malpractice case is when a doctor or a medical professional makes a mistake and you are harmed because of that mistake.

What can Result from medical malpractice?

The degrees of what constitute a malpractice case can vary greatly. A simple case would be a doctor prescribing a medication that you have a known allergy to. More extreme cases could be something as terrifying as a surgeon amputating the wrong limb during surgery. While it’s not common, it’s not completely unheard of. Due to the highly sensitive nature of the medical field, a there are any number of things that can go wrong. Especially if a doctor is in a rush or overlooks something. To help protect yourself from any possible mishaps and malpractice, make sure you’re talking with your doctor and have a firm understanding of any procedure that is about to take place, or any medications you are prescribed.

What Should I do if I’m harmed due to malpractice?

Again, a malpractice case can be one of the most difficult cases to face in a courtroom. Not only does it take a keen grasp on the legal system, but also that of the medical field as well, meaning that success is often out of the reach of normal people. If you feel you’ve been harmed during treatment and medical care as a result of malpractice, it is important that you seek legal counsel immediately. With the help of an experienced legal representative, one who both understands courtroom procedure as well as having a strong understanding and experience with medical malpractice cases will give your case the best chance of succeeding. The harm that can come from a medical doctor making a mistake can stay with you for the rest of your life. Protect yourself, and speak with a lawyer. 
About the author: Michael Schreyer is a personal injury attorney in Maryland and is a partner in the firm of Alpert Schreyer, LLC.  He is an experienced personal injury attorney, serving the Maryland and Washington, DC area and providing information and advice on his law blog at dcmdlaw.com.
Citation: Boeschen, Coulter. Medical malpractice. Nolo
Image: DFID/Flickr, CC BY 2.0 

Wednesday, October 12, 2016

4 tips for handling your startup's finance

By Dan Radak

Dealing with finances of your small business can be quite difficult. In most cases there won’t be enough money to hire a financial adviser who can help you make sure that every nickel is spent wisely. Because of that, you have to be informed about all the financial aspects when it comes to running a small business. Here are 4 tips that will help you handle your startup’s finances properly. Make sure you check them all out.

Calculate your cash flow

Your cash-flow is something that keeps your business going. Therefore, having a constant influx of money should always be your top priority. The best way to do this is to maintain and calculate your current cash flow and make any future decisions according to it. Even though this can be difficult, it’s important that your cash projection is done properly. Without this, even some of the biggest businesses in the world wouldn’t be able to remain competitive in the market. When making cash-flow projections you shouldn’t consider only the past sales and revenue statistics, but you should always try to make a projection for the future, as well.

Calculate your employee’s payroll

Of course, when starting a small business, you won’t be able to do everything by yourself. Therefore, hiring at least a few employees is an absolute must. When it comes to finances, it’s very important that you keep track of your payroll expenses. 

There are many things you should have in mind when calculating your employees’ payroll. Make sure you get familiar with processes such as retirement fund financing, local tax insurance requirements and automatic deposit. Only by being familiar with processes like this will you be able to properly handle your startup’s finances in the future.

Advertise your startup wisely

Small business owners have to be very careful about advertising. Since your budget is not going to be large at the beginning, it’s very important that you know how much income you generate from every single dollar you invest into advertising. This includes keeping track of your investments into flyers, billboards, radio commercials and TV commercials. Without knowing how much money you invested into all of these, you won’t be able to know whether your marketing campaign was successful. Luckily, today there are many different ways you can keep track of your marketing campaign. Google analytics and Facebook Ads Insight are just some of the services you might find quite helpful.

Get debtors to pay up

Another important thing you’ll have to do if you want to handle your startup’s finances in the right way is collect all of your business debts. If you allow your clients or business partners to owe you money for a long time, chances are they’ll be reluctant to pay up their debts. 

Not collecting all debts can be very serious and it could even ruin your business. Sometimes, sending e-mails and letters to your debtors may just not be enough. Luckily, today there are companies who can collect all the business debts for you. If your business is based in the most populous city of Australia, there are experts in debt collection in Sydney you can turn to.

The more you know about finances the better. Only by handling your finances properly will you be able to keep your business going. Just make sure you stay on top all of the trends in the business world and keep your startup up-to-date.

About the authorDanRadak is a marketing professional with ten years of experience. He is a coauthor on several websites and regular contributor to BizzMark Blog. Currently, he is working with a number of companies in the field of digital marketing, closely collaborating with a couple of e-commerce companies.

Images: Author owned and licensed