Business
Forex Brokers In Shambles As New Rules Draw Close
The new regulations established by the European Securities and Markets Authority (ESMA) are drawing closer and brokers are fidgeting. The implementation date of these rules that touch on a vast section of the forex market is set for August 1. There are many new changes that are expected to come with these new rules, among them, the reduction of the margins of major currency pairs. As of now, currencies get up to 200:1 ratios but the expected rules establish the maximum ratio to be 30:1. As expected, the volumes of trade and revenues will be highly affected by the rules. Other changes that will be heralded by the regulations include the banning of negative account balances that caused havoc in 2015.
Owing to the expected changes, a lot of brokers are set to either move to new operating bases outside Europe or completely leave the business before the regulations take effect. The market is definitely set for a turbulence as these adjustments pan out. If the brokers shift their bases though, their fate is unlikely to change as regulations will still follow in whatever country they might go. At the end of the day, the clients will have the final say as to whether to do business with the brokers or not.
Most of the smaller brokers have the option of merging their businesses with established brokers in the market. Failure to do this would render their business untenable due to high operating costs. It is expected that the new changes will raise the operating costs for brokers while the revenues will take a downward turn. Some of the major brokerage companies have already started giving out details of how much the new rules will affect the market. Some big firms like Dukascopy have already either expanded to other markets or planned to do so.
The forex market is usually tough for most traders and the high levels of leverage come with both benefits and disadvantages. Most traders today can share experiences during a forex seminar as there are many of those every year.
CME records high volumes in the month of May
CME Group Inc. came out with positive news that seems to be a reflection of the crisis in Italy and the abrupt market movements. CME reported a year on year growth of 34% by the month of May, which was higher than the previous year. In addition, EUR/USD recorded a breakout from a slump that lasted for three months. The over 1.1 million daily contracts recorded were responsible for this development.
Questrade receives accolades in Canada
In the Canadian market, long-standing firm Questrade was touted as one of the best in the market from the annual ranking of Canadian brokers. The firm came out on top of the Initial Impressions category and also came out as a strong contender in the overall market category. Other areas of the firm that were ranked as impressive include; customer service, mobile accessibility, and fees and commissions. The company has had a number of innovative solutions which include free ETF’s, a remarkable chat service and one-cent trades. MoneySense, in partnership with Surviscor Inc., carried out the research and ranking.
LCG woes persist as more staff leave
The London Capital Group has been facing several challenges in recent times. A considerable number of employees have left the firm and the latest person on the list is the CEO Charles-Henri Sabet. The many challenges that the firm has faced have not waned despite it raising huge amounts of capital in recent years. Two years ago, over one-third of the employees left the company and the departure by the CEO is simply a clear sign of failure by the firm to compete with its rivals. Some firms, including GAIN and Cantor Fitzgerald, had earlier made moves towards acquiring the troubled firm. Those moves, however, did not materialize after both firms review LCG’s financials.
XTB gets new Compliance Officer
XTB U.K. has a new Compliance Officer. Suraj Patel, the new head in the department, comes at a time when the new rules in the financial market are set to take place. This has indicated the firm’s devotion to comply with the expected regulations. Suraj Patel will be responsible for the firm’s cooperation with the Financial Conduct Authority (FCA). XTB U.K. has recently received some favorable ranking according to online broker reviews.
Business
Do’s and Don’t’s of Firing People

As a business leader one of the hardest things that you could do is fire an employee. Of course, it sounds like an easy thing to do if the employee is rightfully deserving of being fired, but it is a lot easier said than done. Is a decision that many managers actually lose a lot of sleep over, because it’s such a difficult undertaking.
No matter what you do though, whether you are firing somebody because they are just not the right fit for your business, or you are dismissing an employee for gross misconduct, legal issues can arise that could do damage to your business. HR professionals across the country will tell you that there are many different ways of gracefully terminating an employee’s contract, but there are some do’s and don’ts that you could do to make it an easier process that can help you deal with it. Let’s take a look at a few of those below.
- Do get everything in order before you fire them. From evidence as to the reason they are fired, to the paperwork for them to leave the business, get everything in order so that there are no loose ends. For a firing to go smoothly this needs to be prepared in advance. Before you terminate the employee, you need to be able to prevent any misunderstandings or even accusations of illegal activity going on. Follow the policies and procedures in place of your organization and if necessary, consult a lawyer. Secure computer files, make sure you pull together all in performance appraisals and written warnings as any other correspondence that you might need. You should also make sure that you have all of the payroll information in place so that you can reassure the person being fired that they will be paid according to the law.
- Do choose a private space. Let’s be honest, nobody wants to be fired from their job. It leaves a bad taste, it’s nothing to be proud of, and it can be embarrassing for the employee. When you are dismissing somebody, you need to choose the right time and place and make sure that there are no eavesdroppers. It’s always a good idea to do it as early in the week as possible at the end of the day so that you minimize impact to your business. If an employee depends on the company or their colleagues to get home, it just makes good sense to ensure that they are not going to be left stranded.
- Don’t fire somebody with an audience around. As we mentioned before, anybody in your business has a right to privacy. Doing it in front of an audience will be poor behavior on your part as an employer. It also won’t help people in the office to feel comforted by the idea that they may not be next. Use an official meeting space, as it’s a private and neutral location that is free from any disruption.
- Don’t forget to toe the line. If you terminate an employee on parental or medical leave, or you terminate an employee who is pregnant, you are going to open yourself up to a lawsuit. Toe the line when it comes to the law and make sure that you are firing somebody with all of your ducks in a row in advance.
Terminating an employee’s contract is not easy, but sometimes it needs to be done.
Business
Best Strategies to Create an Comfortable Atmosphere in Your Restaurant

Creating an inviting and comfortable atmosphere in any restaurant is essential for success. Customers often form their first impression of the restaurant based on its ambiance, and if it isn’t pleasant or enjoyable, they are less likely to come back. It’s important to consider all aspects that can make up a positive dining experience — from the decor to the music playing in your establishment to the service you provide. Here are some strategies that will help you create an atmosphere that customers won’t forget.
Decor:
The key to creating a cozy environment is by designing decor that reflects your restaurant’s style and promotes relaxation. Think about what kind of mood you want customers to feel when they enter your restaurant — from the lighting to the art on the walls to the decorations that adorn your tables. Depending on the cuisine you serve and the atmosphere you want to create, consider investing in muted tones or warm colors for a calming effect or bright and vibrant shades for an energetic vibe.
Music:
The music playing in your restaurant can make all the difference. Too loud music can be overwhelming and uncomfortable, while music that’s too quiet won’t create an inviting atmosphere at all. Consider investing in a music player for restaurant so you can control what music is played and when it starts and stops. You should also consider whether you want to provide live or recorded music. Live music will usually give customers a sense of authenticity and provide them with something to enjoy during their meal, while pre-recorded songs can help set the background without being distracting.
Service:
Your service can be just as important as the ambiance in creating a memorable experience. Make sure your staff is well-trained, friendly, and attentive to guests’ needs. Ensure they understand your restaurant’s standards and expectations — from proper table setting etiquette to how glasses should be filled. Customers greatly appreciate being treated with respect and kindness, so make sure your waitstaff is not only efficient but also shows genuine care for their customer’s satisfaction.
Atmosphere:
Creating the perfect atmosphere requires more than just the decor, music, and service — it also includes small touches that will make your restaurant stand out. For instance, consider offering complimentary snacks or appetizers to customers while they wait for their meals to arrive. You can also provide warm towels after meals as a sign of endearment and appreciation. Additionally, choosing linens with exquisite patterns or using fresh flowers on each table will add even more charm to your restaurant’s atmosphere.
Business
Turn Your Passion into a Career: How to Make Money Doing What You Love

Many dreams of turning their hobby, passion, or creative outlet into a career. It’s a beautiful idea, but it can take time to figure out where to start. Here’s a guide on successfully turning your hobby into a career.
Do Your Research
Before you turn your hobby into a business, please research and find out what the industry looks like, your potential customers and their needs. Next, consider your strengths, skills, and knowledge and decide how to use them in this new venture. Finally, consider what makes you unique in the industry and how you can market yourself.
Take A Strong Career Test
A Strong Career Test can help you identify your ideal job and the type of environment you would flourish in. In addition, knowing this information can give you an idea of what kind of business to start and whether it’s something you’d be passionate about.
Think About Finances and Legalities
Once you have an idea of what you want to do, consider the financial aspect – are there any costs associated with getting started? What sort of budget will you need? Will there be any tax implications? It’s also essential to think about the legal side of things – if necessary, consult with a lawyer specializing in business law so that you understand all the regulations associated with starting up and protecting your intellectual property rights.
Create a Business Plan
Now that you have researched and considered the legalities and finances involved, create a business plan that outlines all this information. Make sure it includes short-term and long-term objectives to keep track of your progress over time. Be realistic when setting targets for yourself – don’t aim too high at first because this could set you up for failure if it doesn’t pan out. Also, consider whether or not there is potential for growth or expansion once your business gets off the ground. This may include marketing strategies such as social media campaigns or investing in advertising materials such as brochures or flyers.
Start Networking
Networking is essential when launching any new business; it’s about building relationships with people who may be interested in your offer. Start by reaching out to family, friends, and acquaintances who may already know about your business or service offering; they may even be willing to share it with others! Additionally, join online groups related to your area of expertise – these are great places for exchanging ideas with like-minded people and potentially finding potential customers/collaborators/mentors/partners, etc. Finally, attend events such as trade shows or conferences where relevant topics are discussed – these are ideal opportunities for making connections within the industry that could prove beneficial down the line!
Turning your hobby into a career is no small task, but it can be approached thoughtfully and strategically! Please research the industry thoroughly before beginning to understand its nuances; familiarize yourself with the legalities of running a business; create a viable yet ambitious business plan; network extensively (both online & offline). And never give up! With dedication & hard work, anything is possible.
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