Clare Louise, Author at Ecommbits

In Finance

Why You Need a Business Strategist with Financial Expertise?

November 26, 2021 No Comments

If you are passionate to make your business successful then you need to have a good business strategist in your business. Business strategist helps to organize and manage the business effectively and they can help in creating a strategic plan for your business growth. An experienced business strategist can also help in providing creative and innovative ideas for the business and they will encourage the employees to work hard and provide faster and better work results.

Here are some reasons why you need a business strategist with financial expertise:

To prove that you are serious about your business:

“Strategy requires thought, tactics require observation,” said Max Euwe, a Dutch chess player, mathematician, author, and chess administrator.

Having an advanced business plan is necessary before you start a new business. Taking the help of an experienced business strategist can allow you to create a strategic plan for your business. Along with a strategic plan, the business strategist will make sure to provide the right path to the employees so that they can follow it and achieve the company’s goal. The business strategist will also provide clear objectives about the business and will make sure that the employees stay on the right track to achieve the common goal.

To establish business milestone:

Every business requires a long-term plan to make it successful. The business strategist will provide clear milestones and set some achievable goals for their employees. This will help the employees to work in collaboration to achieve those goals. Having a clear understanding of the business’s milestones, employees will be able to work hard to provide effective and efficient work results.

To better understand your competition:

The business strategist will do complete research on every aspect of the market to identify the latest trends and the strategies other businesses are using to stay ahead in the market competition. Once the strategist has analyzed the market competition then they will be able to provide a major improvement to their business and they will offer a great strategic plan to make their business stay ahead in the competition.

To better understand your customers:

The business strategist will analyze the entire customer’s data and track their shopping behavior and their purchase history to provide a better idea about what type of products and services their business should deliver. Along with products and services, they will also make sure to manage the business finances and offer better cost-effective solutions to the company.

Bradley Fauteux is an environmental advocate with over 16 years of experience in conservation work. Brad Fauteux served as the Managing Director of Ontario Parks and the Ministry of Natural Resources and has worked with more than 300 distinct intergovernmental, community, Indigenous and private sector partners. As the Managing Director of Ontario Parks and the Ministry of Natural Resources, Brad Fauteux oversaw the work of over 800 full-time and seasonal employees at over 110 locations across the province.

In Business

Liquid Penetrant Testing

November 22, 2021 No Comments

Liquid penetrant inspection (LPI) is a cost-effective and non-destructive way of locating surface defects such as cracks, porosity, laps, seams, and other surface irregularities. Using dye penetrant inspection, you can determine whether ferrous, nonferrous, or non-porous materials (metals, plastics, ceramics) meet the required quality standards.

For finding faults on materials’ surfaces, liquid penetrant inspection (LPI), also called dye penetrant inspection (DPI)/penetrant testing (PT), was invented in the early 1940s. The essence of the test has not changed over the years, even though there are many ways to conduct it.

In this article, we’ll focus on liquid penetrant inspection and its advantages.

What Is Liquid Penetrant Testing?

Liquid penetrant testing is a non-destructive material assessment process that involves spreading a thin liquid dye across the material’s surface, followed by applying a developer to examine for flaws such as cracks. It’s a standard method for inspecting welds, pipelines, bars, and other materials for flaws.

It’s often used to inspect castings, forgings, and weldments for flaws. ATH NDT works with a wide range of industries, including aerospace, power generation, petrochemicals, and oil and gas, and we can conduct dye penetrant inspections on-site or in authorized laboratories.

Factors To Consider Before Liquid Penetrant Testing

A wide range of penetrant materials are available, and their selection is typically influenced by the test’s needed sensitivity level, the equipment available at the test site, and other factors:

There are two liquid penetrants: visible dye (colored red) and fluorescent dye (colored green-yellow).
Sensitivity ratings for fluorescent penetrants range from one to four, with four being the most sensitive for detecting the slightest faults.
Penetrants can be washed away with water, removed with a solvent, or treated with a lipophilic (oil-based) or hydrophilic emulsifier (water-based).

Process of Liquid Penetrant Testing

The testing process can be divided into the following steps:

Pre-cleaning
Penetrant application
Penetrant dwell time
Penetrant removal
Developer application
Developer dwell time
Inspection
Post-cleaning

Benefits of Liquid Penetrant Testing

Here are the significant advantages of liquid penetrant testing:

An exceptional sense of surface irregularities
Complex parts can be easily inspected.
Inspections can be performed quickly and cheaply on significant components and materials.
Inspections can be conducted on various material types (metallic, nonmetallic, magnetic, and conductive).
The part surface displays a graphical representation of the fault.
With aerosol spray cans, the process is portable, convenient, and affordable.
Flaw indications can offer information about the size, shape, and depth of the flaw.
This is a simple, quick, and relatively painless process.

Professional Liquid Penetrant Testing Service Provider

Our highly qualified experts at ATH NDT Limited have a minimum of Level II in PCN, ASNT, or NAS410 and have extensive liquid penetrant inspection expertise.

We can provide you with a quick response, round-the-clock testing, and a regional collection and delivery service if you choose ATH NDT Limited for dye penetrant examination. In today’s highly regulated markets, we can provide the inspection service that ensures your products or equipment fit the purpose and fulfill national and international standards.

In Finance

Forex Auto trader Review

October 23, 2021 No Comments

A forex autotrader is an automated system of trading on the foreign exchange market. A forex autotrader enables a hands-off approach to trading since it uses algorithms to trade. In forex autotrading, a computer program will execute a trade after analyzing price trends and deciding whether to buy or sell. The trader only chooses or adjusts a trading algorithm based on performance.

The forex market is a high-speed and high liquid market, which has made investors opt for forex autotrading rather than manual trading. This article will discuss how a forex autotrader works, its benefits, and its drawbacks.

How Does a Forex Autotrader Work?

Forex autotrading makes use of technical analysis through a complex algorithm to make trade decisions, as the one used for Malaysian broker Juno Markets.

For example, a trader can code a program and instruct it to buy a specific currency against another when the long-term moving average moves below the short-term moving average. Additionally, the trader sets the program to sell the same currency when it gains a specific amount of pips. Such a program can trade the currency pair without human intervention.

Advantages of a Forex Autotrader

Having a computer program analyze the market, identify opportunities, and trade for you has several benefits. These benefits include:

· Minimizing Emotions

A forex autotrader will minimize emotions in the trading process. By minimizing emotions, traders can stick to their plans. Forex autotrading executes orders automatically, and once a strategy has been set, traders cannot hesitate or question the trade. Additionally, autotraders can reduce the tendency to overtrade and build confidence in traders who are afraid to trade.

· Back-testing

In forex autotrading, the rules must be absolute. The program cannot guess and must be told exactly what to do. Traders are therefore able to fine-tune and evaluate trading rules before going live. Back-testing allows traders to test the rules on historical data without risking their money in live trading. Additionally, traders can determine the average win or loss per unit of risk.

· Discipline

Autotrading automatically establishes trading rules and executes them, hence maintaining discipline even in volatile markets. Discipline is mostly compromised by emotional factors such as the fear of losing or the desire to make more profits. Autotrading also enables traders to achieve consistency.

Autotrading ensures that discipline is maintained by strictly following the trading plan. A forex trader will also eliminate pilot errors, such as incorrectly entering an order to buy 1000 shares as an order for 100 shares.

· Increased Order Entry

Computers can quickly respond to changing market conditions and generate trade orders as soon as the set rules are met. Quickly getting into or out of a trade can make a significant difference in the outcome.

When the program enters into a trade, it automatically generates all other orders, including profit targets and loss-stop orders. Since markets move quickly, a trader can reach the profit target or move past the stop-loss before entering an order in a manual system. However, this cannot happen with a forex autotrader.

· Diversifying Trade

A forex autotrader enables an investor to trade multiple strategies and accounts at one time. Such a technique allows traders to hedge against risk by spreading the risk over various trade options. Diversifying trades can be challenging for a trader using manual systems. However, a computer can effectively execute it in milliseconds.

Drawbacks of a Forex Autotrader

· Mechanical Failures

A forex autotrader is a sophisticated trading method but still prone to mechanical failures. Losing an internet connection could make an order not reach the market. There may also be a discrepancy between theoretical trades and the platform that turns them into real trades.

· Monitoring

Although trades are automatically analyzed and executed, autotrading still requires monitoring. Technical failures such as computer crashes, power losses, system quirks, and connectivity issues can still happen.

· Over-optimization

A trading system may look good on paper only to perform horribly in the market. A strategy may work fine during back-testing, but in an attempt to fine-tune it, a trader may render it unreliable in live trading.

Conclusion

A forex autotrader is an ideal tool in trading, especially for passive and new traders. However, it is not an assurance to making profits or being a successful trader. All traders should back-test the program before using it in live trading.

In Featured

Know the types of loans before you choose the right one!

October 12, 2021 No Comments

Financial difficulty may come upon you as a bolt from the blue. It might disrupt all your savings, planning and future financial decisions, turning it upside down. Be it the need to repair your house or to pay for a sudden accident or a personal event, you will need a financial support that will help you to tackle the situation. Loans are the best way to cater to such situations as this will not require you to get rid of any of your properties or goods and you will be able to make the payment for the required.

Types of loans:

Before you take a loan, it is important to know the different types of loan options that are available in the market. The types of loans are dependent on the credit score and the time span for which you need the loan. Factors like security and guarantee certainly are considered important in choosing the loan options.

Secured and unsecured loans:

If you have security and if you have a good credit score, you will be able to access or apply for the secured loans. These have a very low interest rate and hence, you will be able to repay the loan as per your convenience, without paying huge interest for it. In case you fail to do so, the property or guarantee that you put as a security for the loan, will be seized by the bank or the lender. Along with this, there is the unsecured loan, in which you will not have to put any security or guarantee. Since the lender is risking the loan amount, the interest rate for these loans will be high.

Short term loans:

This is yet another type of loan in which, if you have a poor credit score or no credit score at all, you will be able to acquire these types of loans. Short term loans or bad credit loans are usually high in interest rate and you have to return it within a very short span of time.

Instalment loans:

As the name installment loans blue springs mo suggests, you will be able to return the loan amount in instalments. Many people mistake this type of loan option with the other loans as all of them are repaid in instalments. However, the fact is that, when you have a bad or poor credit score or no credit score at all and still need loans that you can repay in a long span of time, the installment loan lenders will offer this type of loans.

When you visit the best LassoLoans online instalment loan lenders, you will find that they offer you a good deal of loan term so that you can get time to arrange for money and repay it in a long term. There is a striking difference between the short term payday loans or bad credit loans. Whereas you have to return the loan amount in full amount within a few days, the instalment loans can be repaid in instalments in its due loan term that are dependent on the loan amount and your interest rate.

In Law

Getting Witness Statements to Build a Strong Car Accident Claim

October 11, 2021 No Comments

When a car accident occurs, some people may witness it. These witnesses may saw things that the drivers involved may not be aware of. Witness accounts can be helpful or hurtful to a driver’s claim for compensation.

If you sustained injuries in a car accident that was caused by a careless driver, car accident attorneys Los Angeles can discuss your legal options in a free initial consultation. If a lawyer determines that you have a case, they will throughout investigate your accident and talk to witnesses.

Impact of Witness Statements on Your Accident Claim

Accident witnesses can give important evidence in a car crash due to the objective perspective they can offer regarding the accident. Witness statements may support your claim, help dispute the version of events of the other driver, or demonstrate inconsistent statements that the at-fault driver may make.

To recover compensation for your injuries, you need to prove the other driver acted negligently and caused the crash. These could include violating traffic laws, running a stop sign, driving while distracted, and speeding. Witnesses can explain how this driver was negligent based on what they saw. For instance, they probably saw the at-fault driver texting or talking to someone on their phone when the accident occurred. Witnesses are not associated with any of the parties involved in a car accident and have no vested interest in the claim’s outcome.

Finding Witnesses

Pedestrians are often competent witnesses to car accidents. Witnesses also include other drivers on the roadway as long as they had a clear view of the accident. Car accidents that happen during the day are usually observed by construction, road, and utility workers. Due to their close proximity, they usually have a good view of the crash scene. In addition, if a witness called 911 when the accident happened, the operator will usually record the caller’s name and phone number, so the victim can reach out to them. Other places to find witnesses include businesses in the vicinity of the car accident. The crash may have been witnessed by an employee of these businesses or captured on a surveillance camera installed at a nearby store.

When to Get Statements from Witnesses

Getting statements from witnesses can be tricky, particularly when the injured victim’s passenger was also injured. Following the crash, the victim must seek immediate medical attention. If their injury is not serious and they can safely do so, they can get the names and contact numbers of witnesses who are there at the crash scene. An experienced attorney can determine when and how the statement could affect a victim’s case.

Clare Louise