Eai elephant and its components

Emergences of integration terminologies like A2A (Application to Application integration), B2B (Business to Business integration), P2P (Point to Point integration), Hub and Spoke, EMB (Enterprise Message Bus), MOM (Message Oriented Middleware), DMA (Distributed Messaging Architecture), EDA (Event Driven Architecture), SOA (Service Oriented Architecture), eAI (eBusiness Application integration) and many more terminologies including EAI (Enterprise Application integration) make one confused as to where they stand in integration arena. Understanding them in isolation or partially makes one think of it as the only EAI solution or substitute to EAI. Such interpretations reminds us of a story when multiple people with their eyes covered with mask described an Elephant differently as a snake or pillar etc. based on the part of the body of the Elephant they touched and felt. An Enterprise has multiple best of the breed, mission critical applications from different vendors with different technologies and platforms that need to communicate within and outside an Enterprise. This bring ups the eBusiness Application Integration (eAI) needs. Enterprise Application Integration (EAI) facilitates this integration. EAI encompasses Approaches, Methodologies, Frameworks and Architectures that are used for integrating various enterprise wide applications to achieve A2A and B2B integration. EAI Approaches consists of integration approaches like P2P, Hub and Spoke and Distributed Messaging. EAI Methodologies consists of integration methodologies like Object Oriented Programming, COM, CORBA etc. EAI Frameworks consists of integration frameworks like J2EE and DotNet. EIA Architecture consists of integration architectures like Event Driven Architecture and Service Oriented Architecture.

Each of them has its own merits and demerits. While some of them are specific to integration requirements while others can also be used in non-integration requirements. An Enterprise needs to make decision about which one to use based on its requirements. Following briefly describes each of them.

In Point to Point Integration scenario each integration requirement has two points on each side of application that contains the code. In Hub and Spoke Integration there is a hub that acts as a central point through which all the integration happens. No spoke directly communicates with each other. There are Enterprise Message Bus (EMB) and Message Oriented Middleware (MOM) that can be used in this scenario to store and transform the message in different formats (like CSV, XML etc.) Between two or more applications (Synchronously or Asynchronously) based on Publish / Subscribe, Request / Reply, Push / Pull model in online or batch mode. Distributed Messaging Architecture (DMA) provides for High Availability solution in Active / Active or Active / Passive mode. It helps in multiple ways by sharing the load and one server taking over the functionality when another server goes down. Event Driven Architecture is an Architectural model where in an application triggers an event based on some conditions. EDA has many times been used in multi-tired Client Server based applications to trigger an event that can either execute a code or publish a message based on the conditions. Service Oriented Architecture is an Architectural model to develop services that are standards based, flexible, loosely coupled, and reusable and can be consumed by different client applications.

There are many options including web services and Simple Object Access Protocol (SOAP) that can be used to implement it. EAI makes use of one or more of above-mentioned Approaches, Methodologies, Frameworks and Architectures to achieve enterprise integration goals.

Eai elephant and its components

Emergences of integration terminologies like A2A (Application to Application integration), B2B (Business to Business integration), P2P (Point to Point integration), Hub and Spoke, EMB (Enterprise Message Bus), MOM (Message Oriented Middleware), DMA (Distributed Messaging Architecture), EDA (Event Driven Architecture), SOA (Service Oriented Architecture), eAI (eBusiness Application integration) and many more terminologies including EAI (Enterprise Application integration) make one confused as to where they stand in integration arena. Understanding them in isolation or partially makes one think of it as the only EAI solution or substitute to EAI. Such interpretations reminds us of a story when multiple people with their eyes covered with mask described an Elephant differently as a snake or pillar etc. based on the part of the body of the Elephant they touched and felt. An Enterprise has multiple best of the breed, mission critical applications from different vendors with different technologies and platforms that need to communicate within and outside an Enterprise. This bring ups the eBusiness Application Integration (eAI) needs. Enterprise Application Integration (EAI) facilitates this integration. EAI encompasses Approaches, Methodologies, Frameworks and Architectures that are used for integrating various enterprise wide applications to achieve A2A and B2B integration. EAI Approaches consists of integration approaches like P2P, Hub and Spoke and Distributed Messaging.

EAI Methodologies consists of integration methodologies like Object Oriented Programming, COM, CORBA etc. EAI Frameworks consists of integration frameworks like J2EE and DotNet. EIA Architecture consists of integration architectures like Event Driven Architecture and Service Oriented Architecture. Each of them has its own merits and demerits. While some of them are specific to integration requirements while others can also be used in non-integration requirements. An Enterprise needs to make decision about which one to use based on its requirements. Following briefly describes each of them. In Point to Point Integration scenario each integration requirement has two points on each side of application that contains the code. In Hub and Spoke Integration there is a hub that acts as a central point through which all the integration happens.

No spoke directly communicates with each other. There are Enterprise Message Bus (EMB) and Message Oriented Middleware (MOM) that can be used in this scenario to store and transform the message in different formats (like CSV, XML etc.) Between two or more applications (Synchronously or Asynchronously) based on Publish / Subscribe, Request / Reply, Push / Pull model in online or batch mode. Distributed Messaging Architecture (DMA) provides for High Availability solution in Active / Active or Active / Passive mode. It helps in multiple ways by sharing the load and one server taking over the functionality when another server goes down. Event Driven Architecture is an Architectural model where in an application triggers an event based on some conditions.

EDA has many times been used in multi-tired Client Server based applications to trigger an event that can either execute a code or publish a message based on the conditions. Service Oriented Architecture is an Architectural model to develop services that are standards based, flexible, loosely coupled, and reusable and can be consumed by different client applications. There are many options including web services and Simple Object Access Protocol (SOAP) that can be used to implement it. EAI makes use of one or more of above-mentioned Approaches, Methodologies, Frameworks and Architectures to achieve enterprise integration goals.

Web health answers

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Accounting

Accounting Are you very much interested in accounting? Well, if you are, you should take up accounting education. By doing so, you will gain systematic knowledge about the different practices and skills involved in accountancy and business. What is the meaning of accounting? It is defined as the art of systematic recording and analyzing of financial business transactions. The history of acounting dates back many years ago. Accounting is already an essential part of modern education. Every nation needs accounting because it is the key to economic development. If you want to pursue an accounting course, you should first choose a university or college. There are local universities and colleges that you can enroll in for an accounting course. If you prefer attending college abroad, you may do so. But make sure that you choose the university or college wisely. You also have to determine where you will stay when you’re already there; you can either stay at the dormitory or you can rent an apartment. Expenses are a great consideration as well. Accounting has four general areas, namely – public, government, internal auditing, and management accounting. If you choose an accounting course, you will learn how to prepare and organize financial reports that include collation or calculation of a range of figures, analyses, tax, and even projections. Traditionally, the study of accounting focused mainly in the technical skills. The traditional methods in the study of accounting include teaching the basic principles and concepts of accounting. The present accounting practices haven’t adapted yet to the various changes in business, regulatory environment, and economics. There are now modern methodologies used in accounting education. These methodologies are based mainly on accounting communication, decision-making, ethics, analytical skills, and the internal auditing principles. Educational programs in accounting have the same objectives and one is to teach the students about the various accounting principles. Aside from that, the students will also learn to develop their skills through various accounting practices. Professional accountants today have greatly benefited from modern accounting education. Accounting education also functions as an effective management tool for business executives. The educational components of an accounting education are specialized accounting, general accounting, and professional accounting. These days, accounting students can also take advantage of doctoral programs and other continuing educational programs. Is accounting education right for you? Before you finally enroll in an accounting course, you have to be very sure that you like business matters. You see, accounting is more on business matters and mathematical computations. It also involves a lot of analyzing tasks. Once you’ve decided that an accounting course if the best for you, find a university or college now; you can either go to college abroad or you can attend school locally. Every step involves making decisions. So make sure that you make the best decisions because your future lies with it. Once you start your accounting classes, you have to study all your lessons and know them by heart. This is the only way to become a successful professional someday. And of course, you need to pass all your exams so that you will soon hold your diploma. There are many career opportunities for accounting graduates. Again, if you think that an accounting course is the best for you, enroll now. Study hard and master the principles and concepts of accounting. Only by then can you say that you’re an effective and efficient accountant.

Computer forensics vs electronic discovery

Computer Forensics The field of computer forensics was developed primarily by law enforcement personnel for investigating drug and financial crimes. It employs strict protocols to gather information contained on a wide variety of electronic devices, using forensic procedures to locate deleted files and hidden information. Computer forensics tasks include capturing all the information contained on a specific electronic device by using either a forensic copy technique or by making an image of all or a portion of the device. A forensic copy provides an exact duplicate of the hard drive or storage device. None of the metadata, including the าlast accessed date,ำis changed from the original. However, the copy is a าliveำversion, so accessing the data on the copy, even only to าsee what is there,ำcan change this sensitive metadata. By contrast, making a forensic image of the required information puts a protective electronic wrapper around the entire collection. The collection can be viewed with special software, and the documents can be opened, extracted from the collection, and examined without changing the files or their metadata. Other forensic tasks include locating and accessing deleted files, finding partial files, tracking Internet history, cracking passwords, and detecting information located in the slack or unallocated space. Slack space is the area at the end of a specific cluster on a hard drive that contains no data; unallocated space contains the remnants of files that have been าdeletedำ but not erased from the device, as าdeletingำ simply removes the pointer to the location of a specific file on a hard drive, not the file itself. Electronic Discovery Electronic discovery has its roots in the field of civil litigation support and deals with organizing electronic files using their attached metadata. Because of the large volume encountered, these files are usually incorporated into a litigation retrieval system to allow review and production in an easy methodology. Legal data management principles are used, including redaction rules and production methodologies. Electronic discovery tasks usually begin after the files are captured. File metadata is used to organize and cull the collections. Documents can be examined in their native file format or converted to TIF or PDF images to allow for redaction and easy production. Common Capabilities, Different Philosophies Computer forensics and electronic discovery methodologies share some common capabilities. One is the ability to produce an inventory of the collection, allowing reviewers to quickly see what is present. Another is the ability to determine a common time zone to standardize date and time stamps across a collection. Without this standardization, an e-mail response may appear to have been created before the original e-mail.

Emphasys advanced outsourcing llc business associates

Should You Be A Emphasys Advanced Outsourcing LLC Business Associate? Is it worth your hard-earned money to be a Emphasys Advanced outsourcing business associate? Consider the type of services offered by the BPO vendor and your outsourcing needs. Is there a perfect match? How Emphasys Views Business Process Outsourcing Having a good working relationship with your outsourcing business associate is critical to your company’s success. One thing you should definitely agree on is how you both perceive business process outsourcing. For Emphasys, the value of outsourcing is seen in the firm’s ability to help you save on costs, improve productivity, speed up business results, and leverage resources. Emphasys also understands the necessity of operating from a centralized location. Emphasys in particular is proud of being able to exceed their clients’ targets. They can, for instance, serve multiple sites and time zones from a singular point of origin. Emphasys also takes pride in its flexibility, adaptability, and responsiveness to the needs of their clients. They are capable of delivering such service by utilizing the best that technology has to offer, world-class structure, quality methodologies and practices, and by employing a customer-focused, well-motivated, and highly educated workforce. What Kind of Outsourcing Help Can You Expect from Emphasys? Once you become a business associate of the firm, you can expect to enjoy any or a combination of the following benefits. Reduced Costs Emphasys can offer you various plans to lower or maintain your operating costs through outsourcing. Access to Expert Capabilities With the help of Emphasys, you’ll be able to make use of technology that was previously beyond your budget. New tools and techniques will also be at your disposal together with enhanced documentation, procedures, and methodologies. And the best thing about it is that you don’t need to spend time, money, and effort training your workforce for it. Emphasys can easily take care of that as well! Business Process Reengineering Change, they say, is the only constant thing in the world. Your company’s inability to respond and initiate changes could place itself in danger of stagnation. With the help of outsourcing, you could derive clues and other important information to hasten the process of business process reengineering for your company. Risk Management Risk is an eternally present factor in the business but there are various ways for a business to lower them until they’re relatively manageable. One effective way of managing risk is by outsourcing functions that you are do not have the best resources to handle. Through outsourcing, you become more flexible and obtain more time as well to concentrate doing what you’re best at. Increased Availability of Capital Funds Outsourcing lead to reduced costs and consequently, it frees up a bigger portion of your company’s capital. As you no longer have to spend money on non-core functions, you get to have greater funds at your disposal - funds you can invest in more worthwhile projects. Outsourcing Services Offered by Emphasys With Emphasys, you can expect help in various departments such as application development, support, and maintenance, customer and technical support services, supply chain services, IT help desk services, offshore development centers, and finance and accounting services. How Emphasys Helps Outsourcing Business Associates Succeed Emphasys operates on a relatively simple policy to help their clients succeed. They have three primary objectives: provide clients a secure and responsive onsite team, a skilled but reasonably priced offshore team, and a flexible regional team of experts.

Find a methodology and minimize investment madness

There are many reasons to be investing these days, and too much opportunity to not have your money working for you. However, I believe the majority of people dread having to deal with investment matters, and tend to jump into purchases and then hold their breath hoping for the best. After a long day at work and taking care of the family, it's hard to get excited about reading up on your 401(k) options, Morningstar ratings and fund performances. If this sounds like you, there are basically 3 choices. You can have your investments professionally managed, you can continue as you have in the past & keep your fingers crossed, or you can find a methodology that objectifies the investing process (that's buying and selling investments) and helps you maximize your long-term results. To determine if you need help managing your investments(and this doesn't necessarily mean having to pay for advice) you might want to ask yourself these questions: => Do I really have the time and interest to follow the market closely on a daily basis? => Have I done well in the past managing my own investments? => Do I really want to add another layer of work and responsibility onto an already busy schedule? If you're like most people, you would answer yes to some and no to others, so how do you decide? If you think you could have or should have done better with your investments, then you need some help. Don't feel bad. Having counseled hundreds of people over the past 15 years I can honestly say that everybody needs some help, whether they are aware of it or not. Why? This could come as a surprise, but, in fact, your financial life is a lot shorter than your physical life? Most people who end up investing don't really start working and making money until they are about 25 years old. Considering the average retirement age of 65, this gives you only 40 years to save and invest wisely. If you make a poor investment decision, such as trying to stay fully invested during a bear market, you could lose big both in terms of diminished dollars and wasted time. To drive home this important point, let me give you an actual example involving my own portfolio. For ease of illustration I have adjusted the beginning portfolio balance to $10,000. During the period from 1/25/91 to 10/13/00 my $10,000 investment grew to $37,840, which is a 14.67% compounded annual return. On 10/13/00, based on a methodology I was following, I liquidated all of my domestic mutual fund positions and moved 100% to the safety of my money market account. Thanks to this move, my portfolio retained 100% of its value on that date. As we now know with hindsight, most people held on to their investment positions and have so far lost on average 50% to 60% of the value of their portfolios. For this example let us use 50%. If I had held onto my position, my portfolio would be down to $18,920. Last time I hit that level on the way up was in 1995. In other words, not only would I have lost 50% of my portfolio I would have lost even more by having used up 20% (8 years) of my total financial life. How can you avoid mistakes like that in the future? Spend a little of your valuable research time looking for investment methodologies that allow you to side-step bear markets and let you move back in during bull markets. In other words, invest your time looking at methodologies instead of investments themselves. This will lay the foundation for more effective use of your money and time. If you find a methodology that you like, and it matches your investment philosophy, stick with it for the long term. It should have the aspect of telling you when to get out of, as well as when to get into, an investment. I suggest you follow these broad guidelines: Don't be afraid to take a small loss to avoid bigger disasters. Stay away from commissioned sales people (because they have incentives other than your best interests), and if you use an advisor, be sure he or she is fee based. Above all, don't get overwhelmed by news, rumors and predictions that are irrelevant to your strategy. If you take this advice, I guarantee that pretty soon sleepless nights will be a thing of the past and you'll be on your way to more confidently and successfully (that means profitably) managing your investments.

Find a methodology and minimize investment madness

There are many reasons to be investing these days, and too much opportunity to not have your money working for you. However, I believe the majority of people dread having to deal with investment matters, and tend to jump into purchases and then hold their breath hoping for the best. After a long day at work and taking care of the family, it's hard to get excited about reading up on your 401(k) options, Morningstar ratings and fund performances. If this sounds like you, there are basically 3 choices. You can have your investments professionally managed, you can continue as you have in the past & keep your fingers crossed, or you can find a methodology that objectifies the investing process (that's buying and selling investments) and helps you maximize your long-term results. To determine if you need help managing your investments(and this doesn't necessarily mean having to pay for advice) you might want to ask yourself these questions: => Do I really have the time and interest to follow the market closely on a daily basis? => Have I done well in the past managing my own investments? => Do I really want to add another layer of work and responsibility onto an already busy schedule? If you're like most people, you would answer yes to some and no to others, so how do you decide? If you think you could have or should have done better with your investments, then you need some help. Don't feel bad. Having counseled hundreds of people over the past 15 years I can honestly say that everybody needs some help, whether they are aware of it or not. Why? This could come as a surprise, but, in fact, your financial life is a lot shorter than your physical life? Most people who end up investing don't really start working and making money until they are about 25 years old. Considering the average retirement age of 65, this gives you only 40 years to save and invest wisely. If you make a poor investment decision, such as trying to stay fully invested during a bear market, you could lose big both in terms of diminished dollars and wasted time. To drive home this important point, let me give you an actual example involving my own portfolio. For ease of illustration I have adjusted the beginning portfolio balance to $10,000. During the period from 1/25/91 to 10/13/00 my $10,000 investment grew to $37,840, which is a 14.67% compounded annual return. On 10/13/00, based on a methodology I was following, I liquidated all of my domestic mutual fund positions and moved 100% to the safety of my money market account. Thanks to this move, my portfolio retained 100% of its value on that date. As we now know with hindsight, most people held on to their investment positions and have so far lost on average 50% to 60% of the value of their portfolios. For this example let us use 50%. If I had held onto my position, my portfolio would be down to $18,920. Last time I hit that level on the way up was in 1995. In other words, not only would I have lost 50% of my portfolio I would have lost even more by having used up 20% (8 years) of my total financial life. How can you avoid mistakes like that in the future? Spend a little of your valuable research time looking for investment methodologies that allow you to side-step bear markets and let you move back in during bull markets. In other words, invest your time looking at methodologies instead of investments themselves. This will lay the foundation for more effective use of your money and time. If you find a methodology that you like, and it matches your investment philosophy, stick with it for the long term. It should have the aspect of telling you when to get out of, as well as when to get into, an investment. I suggest you follow these broad guidelines: Don't be afraid to take a small loss to avoid bigger disasters. Stay away from commissioned sales people (because they have incentives other than your best interests), and if you use an advisor, be sure he or she is fee based. Above all, don't get overwhelmed by news, rumors and predictions that are irrelevant to your strategy. If you take this advice, I guarantee that pretty soon sleepless nights will be a thing of the past and you'll be on your way to more confidently and successfully (that means profitably) managing your investments.

Depression medication may cause sexual side effects

When you think about side effects of medication you may think of headaches or some stomach disorders, but you never thought about sexual problems, because for some it is too much when you have depression. Under an article published in the journal Psychiatric Annals, at least 50 per cent of people that take antidepressants in the class of selective serotonin reuptake inhibitors (SSRIs) may experience sexual side effects, such as inability to become aroused and difficulty achieving orgasm. The reported incidence of sexual dysfunction (SD) with different antidepressants, for instance, varies quite markedly, due in part to the methodologies used for collecting such information. Researchers of a recently published study, in which patients received newer antidepressants, note that the reported incidence of sexual side effects in the product labeling for the new medication is around 15 per cent, but when asked directly, up to 70 per cent of patients report SD. The cause of this problem is not really clear yet, but if you were diagnosed to take antidepressants for your depression and you have experienced sexual side effects as the above mentioned, be sure to tell your doctor about it. The importance of doing this is that your doctor may adjust your medication regimen or change your medication if it is possible, so you will be able to continue taking the antidepressant needed without sacrificing your sexual pleasure and activity. This matter, however, is not as simple as seem at first sight, since depressed patients with sexual dysfunctions caused by their medication lead them to non-compliance with antidepressant pharmacotherapy which may also complicate their depression state.

Webconference applications for personnel

Problems In such a situation, a training method that is a continuing formation adapted to the ever-changing needs of the firms would be illusory; also, efforts to manage all the information within an organization as back-up data would be unrealistic. Often, consultation with employees is usually nonexistent, too. Hence, it can be safely concluded that the research result which says that clients' loyalty is directly proportional to employees' motivation is true. Solution Pedagogical methodology has profoundly evolved during the last ten years. Virtual classrooms have appeared, with long-distance training. Closer to us, "coaching" has become a common practice. Both these methodologies can make use of the web conferencing technology. By constantly recording the training sessions as well as the meetings, information can be made widely available to everybody. Usually, these concern better practices or strategic visions that can be shared. Also, thanks to the polls and votes during a web conference, the management gets to know the personnel's opinions which they can actively implicate. Results First of all, optimizing training to integrate new employees shortens the time needed for them to fully develop their capacities and to perform better. Profit targets are met faster as costs get reduced, as well. Moreover, the organization's efficiency in the developing of exchanges and the sharing of best practices improves, too. This has a considerable impact on profits. The higher the individual motivations pyramid, the more the people will feel the need to belong, to be appreciated, and to accomplish something. In short, the key is bidirectionality.

Webconference applications for personnel

Problems In such a situation, a training method that is a continuing formation adapted to the ever-changing needs of the firms would be illusory; also, efforts to manage all the information within an organization as back-up data would be unrealistic. Often, consultation with employees is usually nonexistent, too. Hence, it can be safely concluded that the research result which says that clients' loyalty is directly proportional to employees' motivation is true. Solution Pedagogical methodology has profoundly evolved during the last ten years. Virtual classrooms have appeared, with long-distance training. Closer to us, "coaching" has become a common practice. Both these methodologies can make use of the web conferencing technology. By constantly recording the training sessions as well as the meetings, information can be made widely available to everybody. Usually, these concern better practices or strategic visions that can be shared. Also, thanks to the polls and votes during a web conference, the management gets to know the personnel's opinions which they can actively implicate. Results First of all, optimizing training to integrate new employees shortens the time needed for them to fully develop their capacities and to perform better. Profit targets are met faster as costs get reduced, as well. Moreover, the organization's efficiency in the developing of exchanges and the sharing of best practices improves, too. This has a considerable impact on profits. The higher the individual motivations pyramid, the more the people will feel the need to belong, to be appreciated, and to accomplish something. In short, the key is bidirectionality.

Where else in your business do you accept a 60 failure rate

I recently surveyed CEOs and Business Leaders of large companies and small, profit and not-for-profit, and I asked just them just one question: 'What is the single biggest factor that you believe will inhibit your sustained profitable growth into the future?’ A, perhaps, surprising 37% responded that it was people - the recruitment, motivation and retention of people that was the biggest factor. So let’s address the first one - recruitment. I see many, many businesses through a year from the very smallest through to the largest corporate and I am simply amazed how many people still use 'traditional' methods to recruit - maybe a couple of interviews, nothing more – together with a great reliance on the content of the CV and on references. You may know that the generally accepted wisdom is that by using these methods you are likely to get it right just 2 times in 5 ie. a 60% failure rate! Is there anywhere else in our businesses where we would accept that degree of failure? So we need to be more sophisticated in our recruiting methodology. For example: When we recruit a sales person how often do we establish directly whether they can sell? When we recruit an accountant how often do we establish whether they can read, interpret and, most importantly, report on a set of accounts? There are comprehensive methodologies that will dramatically improve your recruiting success rate and I have been using them for many years. They, of course, take longer and they may cost more, but it is nothing compared with the cost of getting it wrong – I saw some figures recently that that cost was around five times annual salary! There’s too much to put in an article so I’ve therefore put them onto a double CD 'Recruiting to Win' - which is available on line at [http:// rogerharrop. com/orderfrm. php] Can there be anything more important to the sustained profitable growth of your business than recruiting right?

Where else in your business do you accept a 60 failure rate

I recently surveyed CEOs and Business Leaders of large companies and small, profit and not-for-profit, and I asked just them just one question: 'What is the single biggest factor that you believe will inhibit your sustained profitable growth into the future?’ A, perhaps, surprising 37% responded that it was people - the recruitment, motivation and retention of people that was the biggest factor. So let’s address the first one - recruitment. I see many, many businesses through a year from the very smallest through to the largest corporate and I am simply amazed how many people still use 'traditional' methods to recruit - maybe a couple of interviews, nothing more – together with a great reliance on the content of the CV and on references. You may know that the generally accepted wisdom is that by using these methods you are likely to get it right just 2 times in 5 ie. a 60% failure rate! Is there anywhere else in our businesses where we would accept that degree of failure? So we need to be more sophisticated in our recruiting methodology. For example: When we recruit a sales person how often do we establish directly whether they can sell? When we recruit an accountant how often do we establish whether they can read, interpret and, most importantly, report on a set of accounts? There are comprehensive methodologies that will dramatically improve your recruiting success rate and I have been using them for many years. They, of course, take longer and they may cost more, but it is nothing compared with the cost of getting it wrong – I saw some figures recently that that cost was around five times annual salary! There’s too much to put in an article so I’ve therefore put them onto a double CD 'Recruiting to Win' - which is available on line at [http:// rogerharrop. com/orderfrm. php] Can there be anything more important to the sustained profitable growth of your business than recruiting right?

Learn by hands on forex trading demo accounts vs mini accounts

If you are new to Forex, you are likely overwhelmed by the sheer amount of information you are finding about currency trading. Although the concept of trading the currency markets is simple to understand, the actual trading methodologies and understanding of how, why and when trades are executed can be hard concepts to grasp and fully understand. If you aren't aware by now, forex trading is not without substanial risks. There are several schools of thought on how a new trader should progress from learning to actual live trading. In this article we will discuss the best ways for a new trader to learn how to trade the forex and make their first live trades.

To start out, I can not stress enough the need for hands on trading. This is why you will often hear it recommended that new traders start trading with a demo account. What is a demo account? Many online forex brokers offer something known as a "demo account" which is a fake account that you can trade until you feel comfortable trading your own funds. Demo accounts behave just like real accounts, the only difference is that the money you are trading is not real and no actual trades are ever executed. The purpose of using a demo account if you are new to Forex trading is to get you comfortable making trades and to help you become familiar with the brokers trading platform. You can cut your proverbial teeth so to speak without risking any of your own funds. This makes demo accounts good for a brand new trader who just wants to see how trading works. There are some drawbacks however to using demo accounts to learn Forex trading.

The biggest downside to using a demo account is that you will likely only be able to trade standard size accounts with a demo account. If you intend to trade mini accounts, as many beginning forex traders do, a standard size demo account is going to behave differently than a mini account. Your margins are very different for a standard account versus a mini account. If you become accustomed to trading a standard size account, your trading methodologies will show it. This is because the larger margins offered on standard size accounts allow you to take greater profits from smaller movements in currency prices. The other major downside to trading with a demo account for learning forex is that as a trader, you need to carefully manage the emotional aspects of trading real money. Since a demo account is fake money, detachment is easy to come by. Once you start trading your actual funds, you might just find that your tolerance for risk is much more conservative. Ideally, as you are learning to trade you are also learning how to manage your risks most effectively. So what is a beginning trader to do? What is the best way to learn to trade the Forex, hands on? Once you have read, studied, and completed any courses on Forex trading that you may be taking, you are ready for probationary live trading. The single best way to trade the Forex is to just Do it. Now, this does not mean to jump in and trade a full size account with real money, this would be an enormous risk for a new trader and not a very smart move indeed. What you can do is to find a broker that offers mini accounts. Mini accounts typically start at $200 and typically give you 100:1 leverage. That said, as of this writing, there is one broker (Easy-Forex) that allows you to trade a live mini account for as little as $25. For less than you paid for any of your books, courses or training materials, you can actually try live trading. You will be amazed at how after just a few trades, the stubborn concepts seem to start making sense and you begin to understand Forex trading. Now, if you do decide to begin your trading with one of these tiny mini accounts, you should start by making several very small trades. You should also be trading with the same system or methodology that you are trying to perfect. Your profits will likely only be a few dollars since you are trading on a small margin. This is good, however because the reverse is true as well, you are only ever risking a few real dollars. If you happen to have a series of loosing trades and wipe out the funds in your demo account, you can consider it the least expensive education you could possibly get in actual forex trading. Much better than loosing large sums of funds, and more realistic than trading a demo account. Just learn from the experience, and consider it a good deal on a valuable lesson. Once you are comfortable trading your mini account, you can always have it converted to a regular account (with an additional deposit) if you choose. Overall, it cant be stressed enough, the best way to learn the Forex is to have experience with live hands on trading. This article showed you ways that you can do this at a minimal cost and with the smallest amount of risk.

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