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Calculating Profit And Loss In Forex Trading

Calculating profit and loss in Forex trading

by

Shawn James

The foreign exchange market, being the most liquid financial market in the globe, offers attractive benefits for investors. In addition to having access to real time rates, your profit and loss is computed on real time basis by the Forex trading platform you are using and is shown live online. As much as this is an essential merit in currency trading, it is important that you familiarize yourself with how profit and loss is formulated.

[youtube]http://www.youtube.com/watch?v=mXi5iq1zAl4[/youtube]

In general, there are two basic methods for calculating profit and loss in Forex trading: The first method involves calculating the profit and loss in United States dollar (USD) terms by multiplying the number of pips with the size of the lot traded. If the lost size is a standard lot of 100,000, then you multiply the pips with 10 USD, if the lot size is a mini lot of 10,000, then you multiply the pips with 1 USD, and so on. This method is used only when the quote currency (second currency in a pair) is USD. The following example illustrates this: Suppose you enter a long position in EUR/USD at 1.4000 and exit the trade at 1.4010 a few moments later. In this case, your profit will be 1.4010-1.4000 = 0.0010 or 10 pips (assuming no transaction charges incurred) And, because the quote currency in this pair is USD, profit and loss in USD terms is: 0.0010 x 100,000 = 100 USD or 10 pips x 10 USD = 100 USD The second method of calculating profit and loss in Forex trading involves dividing the number of pips with the exchange rate and then multiplying the result with the lot size traded. This method is used only when the quote currency is another currency other than the USD. The following example illustrates this: Suppose you enter a long position in USD/CHF at 1.2000 and exit the trade at 1.2015 a few moments later. In this case, your profit will be 1.2015-1.2000 = 0.0015 or 15 pips (assuming no transaction costs incurred) And, because the quote currency in this pair is CHF (other than USD), profit and loss in USD terms is: 0.0015/1.2015 x 100,000 = 124.84 USD In conclusion, it is of essence to note that locking your profits before their turn to losses is an important characteristic of a successful Forex trader. Therefore, if you know how to calculate profit and loss, you will be able to take your Forex trading career to the next level.

Shawn James has 7 years experience in the Financial Markets, for PRO Investment Bank as an Investment Analyst, before becoming a

Forex

trading expert in Australia.

Tip: Be updated on daily basis with Forex News

if you want become a successful trader.

Article Source:

Calculating profit and loss in Forex trading

Canada’s Scarborough East (Ward 44) city council candidates speak

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Saturday, November 4, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Scarborough East (Ward 44). One candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Donald Blair, Diana Hall, Mohammed Mirza, Ron Moeser, Kevin Richardson, Richard Rieger, Richard Ross, and Kevin Wellington.

For more information on the election, read Toronto municipal election, 2006.

Retrieved from “https://en.wikinews.org/w/index.php?title=Canada%27s_Scarborough_East_(Ward_44)_city_council_candidates_speak&oldid=1978966”

Mutated strain of H1N1 virus detected in US and Norway

Friday, November 20, 2009

Health officials in both the United States and Norway have confirmed the presence of a mutated strain of the H1N1, swine flu virus in several patients in the countries. The mutation is resistant to current treatments for H1N1 such as tamiflu, oseltamivir and zanamivir.

At least three patients in Norway were confirmed to have the mutated strain of H1N1, with two of the cases being fatal. Health officials say the three cases are not related and isolated from one another.

At least four new cases of the mutation were detected in patients at Duke University Medical Center in North Carolina. Three of the four cases were fatal, but the same patients also had severe underlying illnesses before they caught influenza. Two prior cases of the mutation in the same state, were reported in the Summer of 2008. Health officials say none of the cases are related.

Director of the Center for Disease Control‘s Center for Immunization and Respiratory Diseases, Anne Schuchat says the cases are appearing in the U.S. “sporadically.”

“It’s just too soon for us to say what this is going to mean long term. It’s an important finding for the influenza virologists, and they’re looking into it. [The mutation] has no implications for how good the match of the vaccine is and no implications for treatment with antiviral medicine,” said Schuchat during a press conference.

Health officials in other countries such as Mexico, China, Japan, Ukraine and Brazil, also report cases of the mutation.

Retrieved from “https://en.wikinews.org/w/index.php?title=Mutated_strain_of_H1N1_virus_detected_in_US_and_Norway&oldid=2526354”

Benefits Of Outsourcing Your Business Payroll Services

By Jake D. Darren

It is inevitable for any business that has employees that each month they have to take some time to process salaries and wages. This in most cases is a time consuming and tricky process for bigger firms they are able to create a whole department that deals with this. Smaller businesses do not have the resources to maintain such a department and as a result look to outsource their payroll services to professional service providers.

One of the major advantages of hiring service providers is that they allow you and your employees to devote time and effort into running the business. If the process were to be carried out in house it eventually means that a member of staff would have to stop doing their core duties just to process the paychecks. Service providers allow you to free such staff and work towards the expansion of your business.

It is expensive to train your own staff on how to operate the paycheck system. The training has to be done on a continuous basis, as they have to keep abreast with the changing tax procedures and legislation. This is also expensive considering that the individual will not be doing enough work to generate full time employment for him or herself.

[youtube]http://www.youtube.com/watch?v=N15_HdcoKZo[/youtube]

Various types of employment are in existence that eventually leads to complicated pay structures. A service provider who has a host of experience on such matters would come in handy in such cases. The service provider’s experience in such matters would prove invaluable, as they are able to offer advice on how to handle such employees’ records.

When handling such matters online there is the risk of losing a key employee, which will eventually turn out to be a logistical nightmare come payday. Service providers have systems in place that ensure that processing of the paychecks still goes on whether an employee is in or not. This means that the quality of their service provision is not affected by their own staff turnover than what would happen in a small business.

Service providers employ the use of the latest computer software that can accurately process your employees’ information. Such systems are costly to purchase and require specialist training which would inevitably dent a small company’s cash flow. These systems also allow the data to be stored secure, safe and backed up in the event the data would be destroyed.

Payroll mistakes are painful both for the business and employees and even to the government. These mistakes can also land the business into legal battles as employees look for financial restitution in a court of law. A professional service provider is much less likely to make such mistakes.

When you outsource your business payroll services there is peace of mind and you can concentrate on the running of a successful and profitable business. There is also the added security feature with service providers as they can easily spot any fraud such as phantom workers and payment manipulation. Service providers will also be able to take over the boring monotonous work that would more than likely ground your business to a halt as it is processed.

About the Author: Get a summary of the benefits of outsourcing your payroll administration and tips for choosing a provider of

payroll services

at http://PayrollServicesForSmallBusiness.info now.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1699003&ca=Business+Management

Health organisations respond to Ebola outbreak in Democratic Republic of the Congo

Sunday, September 16, 2007

The World Health Organization (WHO), non-governmental aid organisation Médecins Sans Frontières (MSF), and the U.S. Centers for Disease Control and Prevention (CDC) have sent experts to the Democratic Republic of the Congo (DRC) to assist local health authorities with a recent outbreak of Ebola haemorrhagic fever in Kasai Occidental province of DRC. The illness had been unidentified until laboratory test results confirmed the presence of the virus.

DRC President Joseph Kabila described the situation as being contained. “The village of Kampungu has been quarantined to prevent population movement towards Kananga,” Kabila said on Thursday. Kananga is the provincial capital. “The situation is at the moment, I cannot say under control, but at least the problem has been contained very well in the area,” he continued. “There is no risk that the whole country will be affected.”

WHO is working closely with officials from the DRC Ministry of Health and MSF to improve local facilities in order to better contain the virus. A mobile field laboratory is to be established in order to provide rapid sample analysis and, subsequently, diagnosis of patients. There are concurrent outbreaks of other diseases, such as dysentery (Shigellosis), that have been complicating diagnoses and need to be identified as well.

Ebola haemorrhagic fever generates mortality rates in the range of 50 to 90 percent, typically. There is currently no vaccine or effective treatment for Ebola. WHO describes the symptoms of Ebola as being “characterized by the sudden onset of fever, intense weakness, muscle pain, headache and sore throat. This is often followed by vomiting, diarrhoea, rash, impaired kidney and liver function, and in some cases, both internal and external bleeding. Laboratory findings show low counts of white blood cells and platelets as well as elevated liver enzymes.”

MSF, who now have 14 experts in DRC, arranged for eighteen tons of supplies, such as medical and sanitation material, to be delivered to the province of West Kasai. MSF indicated that the transportation of supplies from the airport to the affected areas has been a challenge, due to poor road conditions. It has taken up to three days to travel the 250 km to the outbreak area from the provincial capital city, Kananga.

MSF experts will provide advice on sanitary burial procedures, which would include the use of body bags and spraying. Both the WHO and MSF will disseminate information to the local population regarding the transmission of the virus and measures that could be taken to reduce the spread of the disease.

The MSF emergency team coordinator in Kampungu, Rosa Crestani, described the isolation ward set up at Kampungu’s health centre. “Our isolation centre is basically divided in three parts. One is completely isolated, where the sick patients are; another is where the staff dresses with the complete protection uniform and then undresses after having been in contact with the patients; and the third part is a space for disinfection in between,” said Crestani. “In the coming days, we will decide with the Ministry of Health and the WHO whether we set up isolation structures in other locations of the health zone.”

Neighbouring countries, such as Rwanda and Zambia have issued alerts to their citizens, warning of travel to and from DRC. Zambian Health Minister Brian Chituwo stated that all people coming into Zambia from DRC will be watched for symptoms of Ebola for up to eight hours. Chituwo noted, however that it would be unlikely for an infected person to travel into the country, as the time between onset and death is very rapid and that the symptoms are severe.

There has been a minimum of 395 people affected by haemorrhagic fever, including 160 deaths, in DRC in the past few months. Since arriving in Kampungu in early September, MSF have seen 25 patients admitted with suspected Ebola haemorrhagic fever, of which eight have died.

Retrieved from “https://en.wikinews.org/w/index.php?title=Health_organisations_respond_to_Ebola_outbreak_in_Democratic_Republic_of_the_Congo&oldid=4544024”

Daughter of Yuko Ikeda kidnapped to ransom in Tokyo; freed 13 hours later

Tuesday, June 27, 2006

Ikeda Kanako, a 21-year-old senior student of the Meiji Gakuin University and the first daughter of celebrity surgeon Yuko Ikeda, was kidnapped at about 1225 (UTC+9), June 26, 2006, in Shibuya, Tokyo.

A bullet was fired and one officer slightly cut when police stormed a Kawasaki apartment to rescue the girl.

Kanako was dressed in a white light half-sleeved cardigan, blue jeans with a bistre belt made of leather, a spring green camisole and carried a bag of Vuitton when she was abducted at a bus stop.

She was found unharmed 13 hours later by Japanese police at a condominium located in Nakahara-ku, Kawasaki, Kanagawa. The young woman’s make-up was not disordered; Kanako’s long brown fringe was not disheveled at all and she was wearing what she had been when she was kidnapped.

The kidnapping of Kanako was a big story in Japanese media in June, 2006. The story appeared in many newspapers as the front-page news on June 27, 2006.

Kanako and her kidnappers had been in touch with her mother using Kanako’s mobile phone. The effort to free her was helped greatly by a woman who witnessed the moment Kanako was taken; she wrote down the license plate of the van and other details.

Police traced mobile phone calls and were able to locate the van in Kawasaki where they detained two of the kidnappers as they went shopping.

One conspirator Li Yong, 29, from China, led the policemen to the apartment and tricked Kaneo Ito, 49, from Japan, to open the door. Ito managed to discharge one bullet before being restrained by an assistant police inspector, the first man in the room.

The other man involved in the kidnap of Kanako was Choi Gi Ho, 54, from South Korea. Kanato was freed unharmed.

The Tokyo Metropolitan Police Department arrested three men on suspicion of conspiring to kidnap a woman and hold her to a reported 300 million yen ransom.

Retrieved from “https://en.wikinews.org/w/index.php?title=Daughter_of_Yuko_Ikeda_kidnapped_to_ransom_in_Tokyo;_freed_13_hours_later&oldid=1765889”

Wikinews interviews former Salt Lake City mayor and 2012 presidential candidate Rocky Anderson

Wednesday, December 21, 2011

Former Salt Lake City mayor and human rights activist Rocky Anderson took some time to discuss his 2012 U.S. presidential campaign and the newly-created Justice Party with Wikinews reporter William S. Saturn.

Anderson served as mayor of Salt Lake City for eight years (2000–2008) as a member of the Democratic Party. During his tenure, he enacted proposals to reduce the city’s carbon emissions, reformed its criminal justice system, and positioned it as a leading sanctuary for refugees. After leaving office, Anderson grew critical of the Democratic Party’s failure to push for impeachment against President George W. Bush, and for not reversing policies on torture, taxes, and defense spending. He left the party earlier this year and announced that he would form a Third party.

Anderson officially established the Justice Party last week during a press conference in Washington D.C.. He proclaimed “We the people are powerful enough to end the perverse government-to-the-highest-bidder system sustained by the two dominant parties…We are here today for the sake of justice — social justice, environmental justice and economic justice.” The party promotes campaign finance reform and is attempting to appeal to the Occupy Wall Street movement. It is currently working on ballot access efforts, and will hold a Founding Convention in February 2012 in Salt Lake City.

Among other issues, Anderson discussed climate change, health care, education, and civil liberties. He detailed his successes as mayor of Salt Lake City, stressed the importance of executive experience, and expressed his views on President Barack Obama and some of the Republican Party presidential candidates. He spoke in depth about former Massachusetts governor Mitt Romney, with whom he worked during the 2002 Winter Olympics, and fellow Utahan, former governor and U.S. ambassador to China Jon Huntsman, Jr..

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_former_Salt_Lake_City_mayor_and_2012_presidential_candidate_Rocky_Anderson&oldid=4635257”

Hospitals, Nursing Homes, And Schools Should Be Concerned About Disease Carrying Ants

Experts estimate the world is home to 22,000 ant species.Two of them, the notorious, pharaohants and fire ants are major problems throughout the world in hospitals,nursing homes and schools. They’re creating new headaches for publicadministrators and operations managers. Why all the fuss? Pharaoh ants and fireants are more than a nuisance; they’re responsible for serious human illnessand sometimes even death.

The pharaoh ant is one of the world’s premier ant pests. Thetiny disease carrying pharaoh ant (1/16 of an inch in length) is difficult tosee with a visual inspection. These tiny insects have a translucent, reddishgold color. Although a tropical species,thanks to central heating they are now flourishing in colder climates.

Pharaohants live in multi-colonies with thousands or hundreds of thousands ofmembers. They establish huge colonies throughout hospitals, nursing homes,schools and other settings. Pharaoh ants have even penetrated the security ofrecombinant DNA laboratories (source: Haack and Granovsky). The warmth seekingpharaoh ants build nests around central heating pipes and boiler rooms. Theyalso live in warm, moist inaccessible areas such as inside furniture, behindbaseboards and under floors. Pharaoh ants may even find homes between layers ofbed linens and in piles of trash and inside appliances. Once they invade abuilding they’re just about impossible to eliminate.

These insects have a wide food preference ranging fromfruits to syrups, meats, fatty foods, oily foods and dead insects. Inhospitals, nursing homes and schools, these pests easily carry germs from onearea to another. Pharaoh ants are known to spread diseases, some life threatening,especially to the sick and elderly.

Researchers have analyzed pharaoh ants found in hospitals -they discovered over a dozen types of pathogenic bacteria. According to TheLancet, one of the world’s prestigious medical journals, pharaoh ants capturedin nine hospitals were found to be carriers of Pseudomonas, Salmonella spp.,Streptococcus spp., Staphylococcus spp., and Clostridium spp.

In severely infested environments, pharaoh ants brazenlycrawl into human wounds and dine on blood plasma and wound dressings. Theseants can spread bacteria and disease while traveling from patient to patient.Newborns and burn victims residing in pharaoh ant-infested hospitals aresubjected to increased risk due to the pharaoh ants’ pathogens. In hospitals,they have been observed searching for moisture from the mouths of sleepingbabies and from active IV bottles.

It is best to ask an expert to deal with these unwantedguests. If you disturb a colony they split the colony through a process calledbudding and will create several new nests in adjacent areas. To help preventinfestations in hospitals, nursing homes and schools, keep food in sealed,secure containers and keep areas free of food particles and sweet liquids. These insects contaminate food with the pathogensthey’ve picked up while crawling in buildings.

Red imported fire antswere accidently brought to the United States from South America in theearly 1900’s. These ants are aggressive, efficient competitors. They live inlarge colonies in dirt nests, which form mounds. They eat plants andoccasionally smaller insects. Their bites create a burning sensation andpainful pustules in about 50 percent of people bitten. Infected pustules canturn into scars.

Fire ants inject their venom by utilizing the biting partsof their jaw and rotating their bodies. They often inject venom into a victimnumerous times. People allergic to fire ant venom may experience anaphylaxis; alife-threatening allergic reaction.

People are more likely to be attacked while outdoors,however there have been reports of fire ants stinging people in nursing homes,hotels and homes. Fire ant stings have actually killed a small number ofnursing home patients (source: The American Journal of Medicine).

In severely fire ant infested hospitals and nursing homes,cognitively impaired, immobile patients are particularly at risk of a fire antattacks. An attack may cause respiratory tract obstruction, frank anaphylaxisand the worsening of pre-existing conditions. In Florida, in 2000, Mary L.Morales Gay, an elderly nursing home patient with Alzheimer’s disease, died aday after being bitten 1,625 times by fire ants (source: Associated Press). Whywas she bitten that many times? Vibration or movement inspires a group of fireants to bite. It’s natural for people move when fire ants swarm on their armsor legs.

Fire ant attacks have inspired lawsuits against doctors andhealth care facilities (source: The American Journal of Medicine). In 2005,Earl Dean Griffith, while recuperating from surgery in a Florida nursing home,died after being bitten by hundreds of fire ants. The 73 year old Griffith diedfrom a combination of shock and ant poison in his system. Mariner Health Care,one of the nation’s largest nursing home chains, agreed to pay his familymembers $1.8 million. As you can see, fire ant infestations are not just aproblem for third world countries, but can be an issue for healthcarefacilities and nursing homes in the United States.

Antsof all varieties crawl through their own waste material, animal feces andother waste material as they move around their environment and nest. Their bodycan pick up and deposit bacteria and other microorganisms throughout hospitals,nursing homes, schools, homes etc. School cafeterias should be extra careful;as these specific pest ants transmit food-borne illnesses such as dysentery andSalmonella on food and food preparation surfaces. Safety measures and proactiveprofessional ant control services may prevent diseases and lawsuits.

Due to the adaptive nature of ant colonies, destroying theentire colony is nearly impossible. Typically pest management companies willstrive to control local ant populations. Hospitals, nursing homes and schoolsshould eliminate food particle and sweet liquid messes quickly. Your facilitymay not currently have disease carrying ants but they are spreading around theUnited States. It is best to implement a comprehensive ant prevention programwith the help of a professional pest management firm to avoid human illness andlawsuits from ant infestations.

An account of the Esperanza Fire from an animal rescuer

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

Saturday, December 2, 2006

As families fled their homes in the early morning hours on Thursday October 26, there was no warning. The Esperanza Fire southeast of Los Angeles and West of Palm Springs, California, had ballooned under the influence of Santa Ana winds to more than 19,000 acres as of the morning of October 27. No time to get the animals, no time for crates or even a leash. Sadly, owners left behind not only their horses, lamas, donkeys, chickens, rabbits, but also their dogs and cats.

Many of the families who did manage to evacuate their pets found themselves in the parking lot at the Fellowship in the Pass Church Red Cross Shelter where a MuttShack Animal Rescue team caught up with them.

Pam Anderson, Director of the emergency Red Cross shelter said that many people with animals had come and left.

The air was thick with smoke, and ash was raining down on the parking lot where dog owners, not able to take their dogs into the shelter were camping out in pup tents andin their cars.

Those who could afford it checked themselves into pet friendly hotels in nearby towns.

Some were prepared. Jane Garner, a small dog breeder was able to get all her animals out, and had set up her puppy runs alongside her RV in the parking lot. Others were not doing too well, having left home without as much as a leash.

The same scenario played out at the Red Cross shelter at Hemet High School. Animals were being boarded in vans, trailers and cars and small travel crates.

When MuttShack Animal Rescue arrived, a small fracas had sent several dogs off in different directions, running out of the school parking lot down busy streets necessitating an instant rescue response.

The Incident Command for the Esperanza Animals, Ramona Humane Society in San Jacinto welcomed MuttShack‘s offer to help at the shelters.

Ramona Humane Society had recently published a notice in their Newsletter about the newly passed “PETS Act”and warned owners not wait until a major disaster such as an earthquake or fireto prepare. “Be proactive to ensure that your pet will be taken care of.”

MuttShack and PetSmart Charities set up ad hoc facilities for the animals at both shelters.

The Red Cross shelter, run by Madison Burtchaell of the Orange County Red Cross was very accommodating about allowing a small emergency pet shelter adjacent to the School.

Barbara A. Fought of PetSmart Charities, an organization that works with animal welfare organizations and provide assistance in disasters, provided crates and emergency supplies.

MuttShack and Red Cross volunteers, Martin St. John, Tom Hamilton, and Steve Meissner helped assemble the crates to secure a safe environment for evacuated pets.

It was a great relief for evacuees who had camped out in the parking lot to finally leave their vehicles and relax at the shelter, setting up their cots to grab some sorely needed rest.

Firefighters and residents reported loss of wildlife and animals. The Esperanza fire burned 34 homes, consumed 40,000 acres and cost five Firefighters their lives before it was contained four days later on October 30. Firefighting operations cost nearly $10 million.

MuttShack Animal Rescue is a 501(c) 3 non-profit organization active in disasters and dedicated to the rescue, rehabilitation and care of lost or discarded dogs, cats and other animals.

Retrieved from “https://en.wikinews.org/w/index.php?title=An_account_of_the_Esperanza_Fire_from_an_animal_rescuer&oldid=2318203”

High school football coach shot dead at school gym in Iowa

Wednesday, June 24, 2009

An American football coach has been shot at his school gym in Iowa, United States. Ed Thomas was shot in front of his students at around 8.00 am local time. Thomas was in the weight room at the time of the shooting. An adult male has been arrested suspected of his murder.

Thomas was the head football coach at Aplington-Parkersburg High School. He had coached 37 seasons of High School football in his career and has a career record of 292-84 of which 156-31 is with Aplington-Parkersburg. He led Parkersburg to 19 state playoffs and won state titles in 1993 and 2001. He was named NFL High School Coach of the Year in 2003 and previously coached four active NFL players including Brad Meester, Jared DeVries, Casey Wiegmann and Aaron Kampman.

Thomas was well known in the local community for his work. When Parkersburg was hit by a tornado in the summer of 2008 Thomas worked endlessly to restore the damaged football field. County Sheriff Jason Johnson said that “Coach Thomas is the pillar of the community. Anything that affects him affects Parkersburg.”

No students were injured during the shooting.

Retrieved from “https://en.wikinews.org/w/index.php?title=High_school_football_coach_shot_dead_at_school_gym_in_Iowa&oldid=1179242”
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