Creating an Interactive Map Using Charting Software

While surfing the web one comes across various types of maps and charts – displayed on websites, but not all look attractive. It has been found that surfers like websites which are graphic intensive, this is because – most people tend to seek entertainment on the web. Additionally, it is the way of presentation which makes a website popular. Therefore, simply adding graphics does not help in boosting a website’s popularity.

Realizing the importance of presentation, webmasters do pay a lot of attention to the layout and design of a website..However, when it comes to displaying charts – they tend to put up dull looking static charts, thereby making the web page or at least a section of it seem extremely monotonous. It must be noted, that compromising on the quality of data visualization may lead to loss of traffic. Things can be made more pleasant, simply by incorporating interactivity in charts, and this can be achieved by means of a charting software.

Charting software can add a fun element to charts by reducing the dullness. The software can help users visualize data graphically – through charts and maps. Furthermore, charts and maps generated by means of a charting software – are highly customizable and can be made interactive. Data visualization in form of maps is especially appreciated by users as it makes data accessible in a very interesting manner. A great thing about data-driven maps is that they are sensitive to mouse gestures and therefore provide and interactive experience to users. Google maps are an excellent example – they are popular due to interactive features like zoom, drill-down etc.

Interactive charts and maps have been known to be helpful in business planning. Here are some helpful business applications of real-time charts and maps:

1. Budget planning using maps for visualizing location-wise expenditure..

2. Using maps in executive dashboard for obtaining a geographical distribution of the companies business activity.

3. Displaying maps on Company website to help clients find the location of its offices all over the world.

4. Using maps for global competitor analysis.

5. Presentation of global consumer survey.

6. Monitoring key functions such as; manufacturing and sales.

As the web is evolving many companies are coming up with powerful charting software to help you in building your own custom interactive maps for your business.

Candlestick Charting – The Number One Forex Trading Tool

Forex trading has been hugely impacted by the accessibility of the internet. Not only have financial institutions been able to get more accurate and up-to-date information, but the amateur forex trader has been able to access the same information with a few mouse clicks. It is therefore vital to use the best tools for the job and candlestick charting undoubtedly are one of the best tools available.

Candlestick charting was introduced initially by the Japanese within the rice industry, however, over the last couple of decades they have lit the imagination of forex traders all over the world and have almost become a universal standard. As someone once said “You can’t do today’s job with yesterday’s methods and be in business tomorrow.” Candlestick charting is definitely the most powerful tool available today.

Structure of a Candlestick

It is true that candlestick charts hold the same information that bar charts do i.e. a high price, a low price and the opening and closing prices. The actual body of the candlestick shows the opening and closing prices. In the early days of candlestick charting, if the body was black then opening was higher than the closing. If it was empty then the opening price was lower than the closing. Nowadays candle bodies are coloured, green for upward movement and red for downward. The use of colours makes the charts much easier to read.

Candlesticks show high and low prices for a given time period by using vertical lines which appear above or below the candlestick body. These lines are also known as shadows

So what are the main features of candlestick charting that separate them from other charting methods? Listed below are the two main features.

Visual appeal

This is one of the most important features. At a glance, the trader can quickly understand what is going on within a particular forex market. No matter what the time scale being used, the trader will be able to see the market movement and whether it is the sellers of the buyers who have dominated a given session.

Readability

Any trader who has mastered the basics of candlestick charting will quickly be able to identify the opening and closing price for a given currency pair. Candlestick chart show the same information as a bar chart, but in a prettier, graphic format. It is very important to be able to use the support and resistance levels together with the opening and closing prices.

Other advantages of candlestick charting include the following:

  • Trading patterns change over time. That is why no system will always work. But candlestick patterns are not a system hence candlestick patterns always work.
  • Candlesticks get you into price action much earlier than the majority of indicators. This means that the traders using candlestick patterns can enter trades earlier than those traders relying on indicators.
  • Candlesticks are the fastest form of price prediction there is.
  • Candlestick trading is very reliable. Providing that the patterns are properly picked, and
  • the poor ones weeded out, the probability of success is extremely high.

Anyone who seriously investigates the use of candles will learn that there are many patterns and candlestick formations that provide very useful information for traders.

The forex market is extremely volatile so it is important to remember the words of Warren Buffet said “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”

Mastering candlestick charting is undoubtedly one of the most important skills that a forex traders needs to possess. This single tool will do more than any other to improve success for those who put in the effort to learn how they work and implement them into your

How to Create a Successful Business Plan

A good business plan enables you to build a strong foundation for your business, provides it integrity and helps to make you responsible towards your business. So, a proper business plan is inevitable in the success of a business. Charting a business plan can be nerve-racking, but with the right steps, it is a cake-walk.

Major sections of a business plan:

1. Executive Summary: Being the most critical section of a business plan, it is the first section that a reader sees. For the sake of perfection, you can write this section after you complete all other sections. It should provide a snapshot of your business, a mission statement, business history, current profile, founder’s details, locations, services offered, number of staff, future plans, and current profile in brief.

2. Market Analysis: This section indicates how well you have researched the prevalent market conditions. The chances of success, details of your industry, growth rate, market shares, current market trends, customer details, details of competitors and their products, comparative study of the products with respect to their strengths and weaknesses and so on can be included.

3. Company Description: This section provides a high level perspective of your industry and company, which helps the reader understand the relation between the two. It includes nature of your industry, company history, target customers, potential solutions that you will offer to target customers, and so on.

4. Organization and Management: This section should deal with how your staff is organized. The organization hierarchies, division of labor, profiles of managers, Board of Directors and Company Owner are to be included. This section should also include details of salary, perks and incentives.

5. Marketing and Sales Management: This section should help you to decide the marketing strategies for the sale of your goods and services.

6. Product Details: As the name indicates, this section describes the products or services that your business proposes to offer. You will need to provide details of current market research, benefits of products to customers, competitive advantages and copy rights or trade secrets with respect to your product.

7. Funding request: This section includes all that a bank or investor would need to know to understand the funding requirements of your business.

8. Financials: This section provides support, if you request for outside funding. Unless it is a startup company, this section should include your company’s financial track record for the past few years.

9. Appendices: This is where you will include all those details which you will not be able to fit into the other sections, but your readers might want to see.

While charting your business plan, you should think of the various audiences like bankers, investors, and professionals. Keeping properly formatted, short paragraphs is highly recommended in a business plan. You can include bulleted points to highlight the important points. It is nice to include complex data in the form of tables, or charts.