Knowing The Nature Of Foreign Exchange Market

 

The Foreign Exchange Market is an over-the-counter (OTC) market, which means that there is no central exchange and clearing house where orders are matched. With different levels of access, currencies are traded in different market makers:

The Inter-bank Market - Large commercial banks trade with each other through the Electronic Brokerage System (EBS). Banks will make their quotes available in this market only to those banks with which they trade. This market is not directly accessible to retail traders.

The Online Market Maker - Retail traders can access the FX market through online market makers that trade primarily out of the US and the UK. These market makers typically have a relationship with several banks on EBS; the larger the trading volume of the market maker, the more relationships it likely has.

Market Hours

Forex is a market that trades actively as long as there are banks open in one of the major financial centers of the world. This is effectively from the beginning of Monday morning in Tokyo until the afternoon of Friday in New York. In terms of GMT, the trading week occurs from Sunday night until Friday night, or roughly 5 days, 24 hours per day.

Price Reporting Trading Volume

Unlike many other markets, there is no consolidated tape in Forex, and trading prices and volume are not reported. It is, indeed, possible for trades to occur simultaneously at different prices between different parties in the market. Good pricing through a market maker depends on that market maker being closely tied to the larger market. Pricing is usually relatively close between market makers, however, and the main difference between Forex and other markets is that there is no data on the volume that has been traded in any given time frame or at any given price. Open interest and even volume on currency futures can be used as a proxy, but they are by no means perfect.

 

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Web-based Model for Medical Practices

“Advantages of a Web-based Model for Medical Practices"

Learn how you can find amazing savings in time, money, and efficiency by using a web-based application for managing your data.

AdvancedMD allows physician offices to access their management software without the prohibitive costs associated with traditional server-based applications. Overall costs for management, maintenance and hardware requirements—not to mention all the associated headaches—are significantly lower with a Web-based solution like AdvancedMD.

Offered Free by: AdvancedMD Software, Inc

Other Resources from: AdvancedMD Software, Inc

Click the link to download

 

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The Pillars of Employee Performance Management

"The Pillars of Employee Performance Management for Mid/Large Companies"

eBook & strategy manual for leveraging Employee Performance Management in your mid/large organization.

Does your organization consider Employee Performance Management a laborious, tactical annual practice, or is it a strategic, business-critical cycle? Maybe it's time to reassess. Now more than ever, HR professionals like you are tasked with optimizing Employee Performance Management processes across the board to ensure the most efficient use of corporate resources. Employee Performance Management has the power to accelerate time-to-revenue, reduce risks, and help your mid/large organization proactively address threats and opportunities.

Might You are interested, simply click the link to download

What you will learn:

• How to derive real value from Employee Performance Management
• How HR can help align a mid/large organization's goals
• Best practices for successful competency management
• Five costly succession planning errors to avoid
• How to manage compensation during the economic crunch

Technorati Tags: accounting,aviation,banking,biomedical business,insurance business,construction,database,decision design,enterprise,finance,financial advisor,financial management,food gear green,greenhouse hospital,internet marketing,inventory control,investment,logistics maintenance,manufacturing engineers,medical device,pharmaceutical planning,residential,restaurant,talent management,training transportation,travel agents,web development

Career Tips : Accoountancy Career Change

Accountancy Career Change

There are times when you suddenly feel that there is a need to change your career path. If you are not satisfied with your present work, you have to decide the right career path to take. Life is too short and you should be doing a work that you truly love and enjoy.

There are various reasons why many individuals want to make a career change. Perhaps you find your job boring lately because of the low salary or you have higher ambition that you want to fulfill; well, whatever the reasons are, you can make that change in your life and you shouldn’t even fret about it. You see, nowadays, there are a lot of employment options and opportunities. You can already secure a high paying job for as long as you qualify and did you know that an accountancy career might be good for you?

Even if you’re not a graduate of an accounting degree, you can become an accountant. That’s not a lie but that can only happen if you’re willing to study again. You’re never too old to go to school. If you’re an undergraduate or you’ve taken a business-related course, you can pursue your college education in accounting. Those who have taken business-related courses can easily shift to accountancy because some of their subjects in college can be credited. They will only be taking the necessary units in order to finish the degree. Although it might take a few more years, the rewards can make your head spin. Be patient and don’t hesitate to gain more knowledge.

There are thousands or even millions of people out there who have decided to make a career change. If you’re planning to do the same thing, it’s a good feeling to know that you’re not alone in your quest. But before you make that ‘big’ career change, here are a few things to ponder.

1. You have to ask yourself why you want to change your career. Even if you can name a lot of reasons why you want to leave your old job, that will not help in making a good decision. What you must do is to identify the aspects of accounting (if you plan to make an accountancy career change). If you think that you have the qualities of an accountant and you feel that you can be creatively and commercially expanded, go ahead. Does the thought of math figures and numbers excite you?

2. Suppose the reason why you want to leave your job is the low salary, an accountancy career can give you a high salary. You see, starting salaries of accountants is usually around $35,000 per year. It increases as years go by. But you must remember that you can enjoy these salary benefits if you finished a degree in accounting.

3. Get to know people who are in the accounting industry. You can conduct some research to determine the necessary skills required, how business accounting works, and many more information.

Changing a career to accountancy can alter your life forever. You have to come up with a responsible and conscious decision. Once you’re already in the accountancy profession, you have to work carefully and diligently.

Keep yourself motivated because you will surely experience set-backs. If you can overcome these things, nothing vcan stop you in doing your job efficiently.

 

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Job Vacancy : ACCOUNTING STAFF

A well known foreign company (PMA) and market leader in Sanitary Wares, Plumbing Fittings & System Kitchen,  PT. SURYA TOTO INDONESIA Tbk, looking for qualified candidates to fill the following position:

ACCOUNTING STAFF    

Requirement:

• Male/Female, age between 21-27 years old.
• S-1 Accounting Graduated From Reputable University
• Fluent in English (Oral & Written)
• Computer literate (Ms. Office & others)
• Able to work under pressure with minimum supervision.
• Mature, Smartworker, willing to learn and responsible
• Fresh Graduate are welcome
• To be placed at head office, Jakarta

Please send your application and complete resume in English, along with transcript, colour photo-graph size 4x6 and supporting Documents by 16 October 2009 via mail or email to :

PT. SURYA TOTO INDONESIA Tbk.

Jl. Tomang Raya No. 18

Jakarta 11430

Attn. : Mr. Agus Setiawan

E-mail :

Agus.s@toto.co.id

 

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