Categories
Life Insurance

How to Create Personal Health Record (PHR)

A personal health record (PHR) is a collection of information about your health. It is different from an Electronic Medical Record (EMR) or Electronic Health Record (EHR), which are owned and stored by your healthcare provider.

A PHR is a document that you are in charge of-one that you compile, update, and keep. It can simply be a folder full of papers, but people are increasingly turning to electronic personal health record systems. These store health information in a secure location online that you can access anytime

Why do I need one?
hand holding a smartphone displaying a medications listAnytime you move, switch healthcare providers, or seek medical treatment during a vacation, you will be asked to provide your health history. It can be difficult to remember all of this information. Having a PHR on hand means you know the answer when you are asked when your last tetanus shot was or the dosage of your medications.

PHRs can also save you in an emergency situation. Consider this example: If you were to experience a health emergency at work, or on a trip with friends, would your companions be able to answer questions about your health history and current healthcare provider? In a time of crisis, it can be difficult to remember important and potentially life-saving information; a PHR can do that work for you.

How does it work?
You create a PHR online through the system of your choice and then either print off a copy or pull the record up on your web-enabled device to present to your healthcare provider. Some online PHR systems can be automatically accessed by medical personnel; others will offer a printed ID card with a password, should you be unconscious or unable to access your record yourself in an emergency situation.

How do I create one?
Start first with your health insurance company. Many offer a PHR online tool on their website. However, check to make sure that you can transfer your information if you need to switch insurance companies.

Other PHR online systems are available. A good free one is Microsoft’s Healthvault . You can create an account through the Mayo Clinic website .
hands typing on a laptop keyboard

What kind of information should I put in my PHR?

  1. Emergency contacts
  2. Names, addresses, and phone numbers of your healthcare providers, including specialists and dentists
  3. Health insurance information, such as the name of your insurance company and key phone numbers for service
  4. Current medications and dosages
  5. Allergies (to foods, drugs and other substances)
  6. Important events, dates, and hereditary conditions in your family history
  7. A list and dates of significant illnesses and surgical procedures
  8. Results from recent doctor visits
  9. Important tests results; eye and dental records, immunization records
  10. Any information you want to include about your health – such as your exercise regimen, any over-the-counter or herbal medications you take and any counseling you may receive.

What about privacy?
Online PHR systems are not covered by HIPPA; however, most have a very similar privacy policy of their own. Take the time to read it before you start an account.

Categories
Online Stock Trading

A Beginner’s Guide To Online Stock Trading

A Beginner’s Guide To Online Stock Trading

It’s important to educate yourself before you consider any type of investment or investment strategy. This beginner’s guide to online stock trading will give you a starting point and walk you through several processes: choosing a discount broker, 12 types of stock trades you can make, how to select individual stocks, uncovering hidden fees, expenses, and commissions, and more.

Choosing a Broker for Your Online Trading
If you haven’t already opened a brokerage account with a respected online stock broker, do it now. Read our guide to choosing a low-cost stockbroker and open an account so you can begin trading stocks. Also, note that there is a difference between a prime brokerage and other brokers.

The 13 Types of Trades You Can Place with a Stock Broker
Thirteen types of trades are available when you begin online stock trading. They include the market trade, limit trade, stop loss, day orders, good-till-canceled trades, trailing stops, and bracket trades. Walk through this step-by-step guide to stock trading and find a definition and example for each of these terms.

Avoid Expenses That Can Destroy Your Stock Trading Profits
The biggest enemy of successful stock trading is expenses. They represent money you’re shredding without any benefit to you. Commissions and fees are good examples of these. Learn how to avoid them.

How to Trade Stock on Margin with Borrowed Money
If your stock trading brokerage account is for speculation and you want to roll the dice, you can actually borrow money from your brokerage firm. This is known as trading on margin. This approach to trading stocks has some big potential pitfalls you’ll have to guard against, however.

How to Short a Stock
When you’ve been approved for margin stock trading, you’re also eligible to short stock. Almost every successful stock trader has shorted stock at one time or another. When you short stock, you make money when the company’s shares fall—or, even better yet, when they crash. The problem is that you can expose yourself to unlimited liability when you do this.

Using ADRs to Trade Foreign Stocks in the United States
If you’re interested in stock trading and you want to buy or sell shares of foreign companies, it might be possible to do that right here at home if the corporation you’re considering has American Depositary Receipts (ADRs). It’s fairly simple to find out if a business has them and how they’re different from regular stock.

The Role of Market Makers in Stock Trading
Stock trading wouldn’t even be possible without market makers. Every time you buy or sell stock, the odds are good that your order is going to go through a market maker on one of the major stock exchanges.

Stock Trading and Investment Banks
Now that you’ve learned about market markers and the role they play, it’s time to go one step further and learn about the investment bank. You might trade directly with an investment bank if you’re extremely wealthy. Otherwise, your stockbroker trades on your behalf through an investment bank, whether you realize it or not.

Avoid the Dreaded Wash Sale Rule
If you trade stock regularly, you might find yourself accidentally violating the dreaded wash-sale rule. This means you’ve sold shares of stock and then bought the same or similar shares shortly thereafter. This can cost you huge tax penalties. With a little planning, you can avoid this fate and still enjoy trading stocks aggressively with a little planning.

How Stocks Can Affect Your Tax Bill
You have to know the tax rules for each of your positions if you’re going to be an active stock trader. The shorter you hold a stock, the more you’ll pay the IRS in taxes. This was designed to encourage long-term investment over short-term speculating.

Categories
FOREX

2020 Best Forex Trading Platform

This article will take a look at the best available choices in your search for an online Forex trading platform. We’ll look at what actually makes a good trading platform, and how to choose the right platform for your trading style.

Forex trading (FX) is performed online via an electronic trading platform. Naturally, many traders are curious as to what the best trading platform software is. In fact, ‘which Forex trading platform is the best?’ is one of the main questions that a trader asks when beginning their Forex journey. This is especially true in current times, as there is a lot of competition in terms of software.

The trading software industry is heavily dominated by MetaQuotes Corp – the company behind MetaTrader 4 (MT4), which is the most popular software used by traders in the retail Forex market. Whilst MetaTrader 4 is the dominant choice for many professional traders, there are other options which have developed in recent years.

MetaQuotes Platforms
When it comes to trading FX online, most brokers will supply you with various trading platforms, yet MetaTrader platforms are the most common. This software was developed nearly ten years ago. There are two primary choices of the trading platform offered by MetaQuotes Corp – MetaTrader 4 and MetaTrader 5.

MetaTrader 4
MetaTrader 4 is a Forex platform, which was specifically designed for FX trading. As retail Forex is a relatively new industry, it didn’t have reliable third party software available until MetaTrader 4 appeared. This is a reliable trading platform that provides traders with lots of useful features, which include:

  • 1-click trading
  • Lots of available Expert Advisors
  • Over 50 indicators
  • Pending orders
  • Limit orders
  • Multi charting
  • Nine different time-frames

Advantages of MetaTrader 4
These are just a few of the benefits of MetaTrader 4. One of its strongest selling points is its stability. You can really count on this platform. In addition to this, it is also supplied with a powerful set of mobile apps. These applications are available for nearly any type of operating system, including iOS, Android, and Windows. Needless to say, these mobile platforms are also very stable and powerful.

Disadvantages of MetaTrader 4
Occasionally you may find that some brokers offer wider spreads on the MT4 platform in comparison with the smaller spreads they may offer through their main trading platform (assuming that the broker in question offers several trading platforms to trade on.). Additionally, Some professional traders argue that the platform is slower in comparison with other trading platforms.

What is the best Forex trading platform

MetaTrader 4 Supreme Edition Add-On
Whilst MetaTrader 4 is quite a powerful platform in itself, Admiral Markets offers a plugin for it known as MetaTrader 4 Supreme Edition. It’s a plugin that has over 50 additional tools for traders. Once you have downloaded your MT4 Forex trading platform, you will need to download Admiral Markets’ MetaTrader 4 Supreme Edition and install this package over the original MetaTrader 4 installation.

This plugin significantly increases the advantages of MetaTrader 4 – and it also allows users access to a more flexible 1-click-trader, also known as the ‘Mini-Terminal’. New orders, like OCA orders will become accessible and you will be even able to drag and drop your stop-losses and take-profits. Admiral Markets recognises the great advantages of MT4, and has developed this add-on to make it even better for its clients.

MetaTrader 5
Quite similar to MetaTrader 4, this is one of the best Forex trading platforms. In general, MetaTrader 5 is slightly faster, supports more types of orders, comes with a larger amount of indicators and has some additional features. Whilst it is a better platform, there aren’t any huge, revolutionary differences which can make MetaTrader 4 redundant. What is good about MetaTrader 5 for both traders and brokers is that it can handle a larger amount of trading instruments compared to MetaTrader 4.

Advantages of MetaTrader 5
While MetaTrader 5 is similar to MetaTrader 4 there are some distinct advantages that are simply not found in other forex trading platforms. For example, MetaTrader 5 has:

21 timeframes the trader can view. This includes 11 types of ‘minute’ charts (such as M1, M2, M3, etc), seven types of ‘hourly’ charts (such as H1, H2, H3, etc) as well as daily, weekly and monthly charts. Most platforms, such as MetaTrader 4 only come with nine timeframes.
Six types of pending orders including buy-stop, sell-stop, buy-limit, sell-limit, buy-stop-limit and sell-stop-limit orders. MetaTrader 4 and other platforms typically offer the first four types of pending orders.

The ability to switch between ‘hedging’ mode and ‘netting’ mode. Hedging mode allows the ability to take trades in opposing positions and has revolutionised the trading options for Forex traders.
The Depth of Market (DOM) function which allows Forex traders to view the bids and offers at different prices of a financial instrument.
MetaTrader 5 Supreme Edition Add-On
While MetaTrader 5 is fully loaded with advanced trading features, making it one of the most powerful platforms available for Forex trading, Admiral Markets offers a plugin called MetaTrader 5 Supreme Edition which offers even more advanced trading tools. This includes:

Inbuilt technical analysis insight and access to an award-winning technical analysis pattern recognition system from Trading Central.
A mini-terminal function allowing traders to open and manage positions more effectively with integrated lot-size and margin calculator and smart order lines for partial closing and time-based stops.
An inbuilt trading history analyser which allows traders to view detailed statistics of their trading performance to help optimise future trading decisions.
Advanced trading indicators such as candle countdown, pivot points, renko charts and much more.
Once you have downloaded your MT5 Forex trading platform, you will need to download Admiral Markets’ MetaTrader 5 Supreme Edition and install this package over the original MetaTrader 4 installation.

Other Trading Platforms

cTrader
In recent years, Spotware has developed ‘cTrader’ as a competing trading platform for Forex traders. While the platform does offer advanced charting and trading features, similar to the MetaTrader platform there are some differences:

As MetaTrader is one of the best known platforms for auto-trading it has a large online community that share new strategies and indicators. It also makes it much easier to find support on the internet for the MetaTrader platforms, whereas support may be limited for cTrader’s auto-trading capabilities.
cTrader does not allow the customisation of indicators and has limitations to using third party programmes whereas MetaTrader excel in the platform being fully customisable.
MetaTrader comes packed with additional features such as an economic calendar, real time market news and ‘signal trading’ functionality whereas cTrader does not have any of these features.
As this platform is available in a web browser, there hasn’t been a strong emphasis placed on the development of mobile apps until recent times. At the moment, cTrader is supplied for Android and iOS devices only. Whilst this probably does cover the majority of traders, it does hinder those using a Windows phone. MetaTrader 4 and 5 are certainly the best Forex trading platforms for mobile trading.

NinjaTrader
The NinjaTrader trading platform has been around since 2004 and is designed for active forex, futures and stock traders. While the platform offers advanced charting, automated strategy development and trade simulation, those who wish to execute trades from their platform must purchase a lifetime licence or lease the platform on a quarterly or annual basis.

One of the main reasons MetaTrader platforms are so popular and commonly used is the fact they are free to the trader via their broker. And, in some cases such as with Admiral Markets, advanced trading tools like the Supreme Edition plugin come at no additional cost.

Also, NinjaTrader acts primarily as the trading platform and is not a market data provider. This means in order to receive end-of-day or real-time market data, users need to connect their platform to one of the market data providers NinjaTrader operates with such as Google Finance or Kinetick.

eSignal
The eSignal trading platform is geared towards advanced traders who enjoy fully customisable features. While the platform offers all the standard features expected of a modern trading platform, users can create their own trading strategies or market screeners through the coding language.

The platform offers advanced drawing tools such as time and price squares and Gann boxes, as well as the ability to view up to 500 symbols at one time. However, to access streaming and real-time data feeds, traders need to connect their platform with one of eSignal’s supported brokers. This means users will have to lease the platform from eSignal for a monthly or annual fee.

ProRealTime
The ProRealTime trading platform is a technical analysis software developed in France by IT-Finance. The platform is unique as it is a web-based software that is backed up on the company’s cloud network. The platform itself offers a wide range of advanced charting and analytical tools, as well as, the ability to create customised market scanners and trading strategies using their ProRealCode language.

However, users must pay a software licence to use the platform. On top of this, there are additional fees to access real-time market data.

Conclusion
As you can see, there’s a lot to consider when choosing the best Forex platform for beginners – but MetaTrader 4 and MetaTrader 5 frequently top the list for the best FX software. They are time tested, and have been proven to work over and over again.