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Author: by.idun.sophia
EP147A How do I set realistic profit targets?
Setting realistic profit targets is essential for long-term success in forex trading. Unrealistic expectations can lead to overtrading, poor risk management, and emotional decision-making. A well-defined profit target helps traders lock in gains and maintain consistency. Below are key steps to setting achievable profit targets. 1. Understand Risk-to-Reward Ratio (RRR) A realistic profit target should… Read more
EP153C How do I align project objectives with business strategy?
How to Align Project Objectives with Business Strategy Aligning project objectives with business strategy is essential to ensuring that projects contribute to an organization’s long-term goals. A misalignment can lead to wasted resources, lack of stakeholder support, and project failure. Successful alignment ensures that projects drive business growth, enhance efficiency, and create value. Understand the… Read more
EP153A How do stop loss orders work?
How Do Stop-Loss Orders Work? A stop-loss order is a risk management tool used in forex trading to automatically close a position when the market reaches a specified price. It helps traders limit losses and protect their trading capital by preventing excessive drawdowns. Understanding how stop-loss orders work can significantly improve a trader’s ability to… Read more
EP153 How do I manage software subscriptions and cost
Software subscriptions can quickly add up, eating into a small business’s budget. While these tools are essential for operations, marketing, finance, and customer service, managing them wisely ensures businesses only pay for what they truly need. Here’s how to keep software costs under control. 1. Audit and Consolidate Software Subscriptions Many businesses accumulate multiple software… Read more
EP152C How do I manage multiple project constraints
How to Manage Multiple Project Constraints Managing multiple project constraints—such as time, cost, scope, resources, and quality—requires strategic planning, proactive risk management, and strong communication. Constraints are interconnected, meaning that changes to one often impact others. Successfully balancing them ensures a project stays on track and meets stakeholder expectations. Identify and Prioritize Constraints The first… Read more
EP152 What is the role of liquidity in price movements?
The Role of Liquidity in Price Movements Liquidity is one of the most important factors in forex trading, as it determines how easily currencies can be bought or sold without causing significant price changes. High liquidity leads to smooth price movements, while low liquidity can cause volatility and price spikes. Understanding liquidity helps traders make… Read more
EP152 How Do I Know the Right Technology to Adopt?
Adopting the right technology is essential for improving efficiency, productivity, and competitiveness in business. However, with so many options available, it can be challenging to determine which technology best suits your needs. Here’s a structured approach to making the right choice. 1. Identify Business Needs and Goals Before selecting any technology, clearly define the problems… Read more
EP151C How do I track deliverables efficiently?
How to Track Deliverables Efficiently Efficiently tracking deliverables is crucial for ensuring that projects stay on schedule, meet quality expectations, and align with stakeholder requirements. A well-structured tracking system reduces confusion, minimizes missed deadlines, and enhances team accountability. Define Clear Deliverables Before tracking can be effective, deliverables must be well-defined. Each deliverable should have a… Read more