A strategic and sales plan puts your marketing plan into action and is the implementation work horse of a business plan. This article on the strategic and sales planning process is divided into ten sections, which are presented in a particular, building-block order.Potential Problems and Company Objectives: First identify and rank your potential problems in your company operations. With your problems identified and ranked in importance and...more
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Forex trading is nothing more than direct access trading of different types of foreign currencies. In the past, foreign exchange trading was mostly limited to large banks and institutional traders. Recent technological advancements have made it so that small traders can also take advantage of the many benefits of Forex trading by using the various online trading platforms.Forex markets possess unique attributes that offer unmatched potential for profitable trading in any market or any stage of the business cycle. For starters, Forex trading boasts a 24-hour market, giving traders the chance to take advantage of profitable market conditions anytime. Secondly, the Forex market is the most liquid market in the world. Forex traders can enter or exit the market whenever they want, during almost any market condition. There also exist minimal execution barriers or risk and no daily trading limits.For all the advantages of the Forex market, one glaring weakness emerges. The Forex market is seen as unregulated although the operations of major dealers, like commercial banks in money centers, are regulated under the banking laws. The daily operations of retail Forex brokerages are not...more
When you trade currencies via the internet, online trading software is a necessity that you can't afford not to posses and mastered. Having said that, it is not impossible to become a pro trader without a bunch of sophisticated software; yet, if these software can make your life easier, why don't you use it? There are a few online trading software...more
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5 Things to Read Before Trading Today From the Desk of Lou Brien:Stocks were broadly higher in Asian trade overnight. The Nikkei led the way with a gain of 1.8% and the Hang Seng added 0.9%; but mainland China is closed for a holiday for the first few days of the week and Australia was off today for the Queen's birthday celebration. Europe is generally higher; the Dax currently has a one percent gain and the Footsie is up by about a half percent. Spain's IBEX has been trending lower for the last couple of hours after an early rally and is now down by one third of a percent. US stock futures are higher by about three quarters of a percent as I write. The Bank of Japan meets later today; no one expects any change in their 0.10% target rate to come from the Tuesday, local time, meeting. The May reading of Switzerland's Producer and Import Price Index was +0.3% on a month on month basis, well above the -0.1% expectation; the annualized rate of +1.4% was also stronger than forecast. The euro is quite strong this morning. The single currency is back above the key dollar/euro level of 1.2134, it is currently up by about 120 pips at 1.2230. There does not appear to be any...more
6 Things To Read Before Trading Today Asian trade was mixed but most of the key indexes showed a gain. The Nikkei and Shanghai both rose a fraction, the Hang Seng gained a half percent and Australia added about 1.3%. But European...more
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