Philip Harman's Business Journey Through Cyber Space.

posted by Philip Harman on Sep 5

Los Angeles Business Services Exemplified in Port International Trade

The Port of Los Angeles, SoCal’s gateway to international imports and exports, is situated just 20 miles from the city center. The burgeoning port not only maintains its competitive edge with innovative cargo operations, but is renowned for its groundbreaking environmental initiatives, well-known security measures and diverse recreational and educational facilities. Also known as the Los Angeles Harbor Department, Port Los Angeles occupies more than 7,500 acres land and water along 42 miles of waterfront.

The south-facing San Pedro Bay was originally a shallow mudflat, not solid enough to support a wharf. Arriving ships had two options, remaining out at anchor and have their cargo ferried to shore; or beach themselves. Phineas Banning greatly improved shipping when he dredged the channel in 1871 to a depth of 10 feet. The port handled greater than 55,000 tons of shipping that year.

After Banning’s passing in 1885 his sons continued his interests in marketing the port, which handled 500,000 tons of shipping in that year. The Southern Pacific Railroad desired to create Port Los Angeles at Santa Monica, and constructed the Long Wharf at that location in 1893. L.A. Times administrator Harrison Otis and Senator Stephen White insisted on federal support of the structure to be built at San Pedro Bay. The issue was resolved when San Pedro was certified in 1897 by a government commission. With government support construction started in 1899 and the area was annexed to Los Angeles in 1909. The Harbor Commission was established in 1907.

In 1911, the Southern Pacific Railroad completed its first significant wharf at the port. In the 1920s, the port passed San Francisco as the region’s busiest port. In WWII the port was primarily used for building ships, employing more than 90,000 workers. The opening of the Thomas Bridge in 1963 significantly facilitated access to Terminal Island and allowed for increased traffic and further expansion.

Currently the port is the busiest in the United States when measured by container volume, the 8th busiest in the world, and the 5th busiest internationally when combined with the nearby Long Beach Port.

This year, the top 5 imported materials were furniture, apparel, auto parts, toys, and computers. The top 5 exported goods were soybeans, paper, cotton, animal feed and metal scraps.

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posted by Philip Harman on Aug 27

All about trade and business service directories

The use of internet has grown in each area of life. People find internet to be helpful in almost all matter of life. Business is an important area of anybody’s life. Internet can be very useful to you in your business. The concept of internet marketing is not new now. People promote their business to the global people around the world and get increased number of customers. Business directories are the services provided to the business owners to promote their business online. Business directories are very helpful to them in order to boost up the business and earn more profit.

In this article, we are going to provide you information about such business directories. The usage of the business directories is explained here in a lucid and interesting way. After reading this article, you may be eager to promote your business to the business directory. A Business Directory is a website that lists description of various businesses. Users can find the business in which they are intrested. The information that is provided is name of the business, location, services and products provided by the business, and the region of the service. The business directory can be used by the general customers as well as business owners. General customer finds the business that provides them the services which they need. Business owners finds suppliers, transportars and other service providers that are needed in the manufacturing process and marketing.
You can gather the information about  all types of products and services that are avialable on the website. Business directory can be very helpful to you when you are finding some products online. The business directory will provide you complete description of the product as well as the name, address and contact number of the reseller. You can find hundreds of resellers for the same product and can choose the best one for you.
If you need to import something, you may be worrying about the cost of seeping. You can get a list of suppliers online and compare their shipping costs. You can also try some supplier for temperary business and if it is good for you, its need to carry on business with him.
Monitering the market is another good advantage of the business directory. Many of the business directories provide newsletter service, with which, you can get the latest news in your market. By using this service, you can also watch on the activities of your competeters. Whenever your competeter announces some new change, you will the first one to know about it. By this way, you can plan your business as per the market need and the plans of your competeter.
The business directory websites are easily available on the internet. You shoud search for your local business directory on any popular search engine. You will get a list of the specified directory websites and you can choose the best one for you. Although the business directory will charge you to use their services, there is a lot of advantages of using the services. Most of the directories use paypal or other popular online payment systems.

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posted by Philip Harman on Aug 27

Promoting the Business Services through International Trade Centers

With the combined effort of the World Trade Organization and the United Nations, a member organization has been established with the objective to improve, facilitate and expand international trade. This member organization has been named as International Trade Center.

As Globalization is taking place at a fast pace, International Trade comes to aid for developing and particularly least-developed countries. International Trade Center has global trade centers tailored for exporters, importers and manufacturers for the promotion of products and services worldwide. International Trade Center (ITC) is a joint venture among various companies and organizations to promote local trade, globally.

The International Trade Promotion Centre provides expert advice and guidance to companies wishing to grow their business globally and to international companies wishing to set up or expand their business locally. As the key international show, they attract a significant number of companies seeking to develop new markets for their products/service.

The International Trade Center works to promote product and market development, development of trade support services, human resource development, international purchasing and supply management and program design for trade promotion. International Trade Centers support Infrastructure services, IT-related services, Professional services and Business services. ITC concentrates on the three most critical issues:

Helping businesses understand World Trade Organization rules Strengthening enterprise competitiveness Helping in new trade promotion strategies

Events, trade shows, fair organizers and promoters, export and import promotion zones, indenting agents, marketing services, agents & consultants, tourist information bureau and centers, trade & export promotion organizations, trader and manufacturer associations, are the wide range of services supported by International Trade Centers.

Through the International Trade Centre, extensive range of services can be accessed by international buyers and exhibitors. Thus, International Trade has the potential to maximize a country’s capacity of producing and acquiring goods by opening up doorways for specialization and efficient use of resources.

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posted by Philip Harman on Apr 3

During the beginning of my trading career it was difficult to decipher the numbers that were released with economic data.
One of the biggest challenges is to determine which category of information is more accurate and the market will react to.

For example, often times we will see economic data released that not only has the headline numbers for the report but also core numbers.  It was said for some time that it was mostly the US that chose to focus on core numbers. While many disagree with this idea of looking at core numbers because it often skews the data, it does pose a problem because of all the confusion.

At the moment economic data is released most news traders will simply listen to the headline numbers and make a decision.  However there are often times subcategories which the markets/traders will often want to focus on.  If you are not aware of the specific report you are trying to trade and spend some time studying the details and reactions for some time, I would be very cautious trading real money on a gamble like this.

In the past news trading was an eccentric trading technique.  Which of course did not last very long as brokers were able to determine how to prevent traders from scoring on easy money.

I will stress, trading is a serious business.  If your goal is to make a living as a trader making a consistent income, then you will need to spend time understanding what moves the markets you are trading.  You also must understand how other markets can affect the Forex markets.

When I began my trading career I realized from the start I would need to study slowly and consistently.  I also realized I can only see the marketâ??s reaction to a specific economic report once a month for the most part.  So having a good understanding of how the market interprets the news will take more than two or three opportunities to witness the results of the report and the reactions.

Now the challenging part isâ?¦ as markets change, so will the way traders react to a specific economic report.   Markets move in cycles.  For example there are times when markets are watching economic reports such as employment numbers or perhaps data that will affect the Feds decision to change interest rates.  Other times itâ??s expected that interest rates will stay at current levels and markets will then be focusing on other issues and economic reports.

Of course all of this seems overwhelming especially in the beginning of your career.  So what can you do for an opportunity to trade around the news?

The first thing to remember is trade slowly.  If you do not trade during economic announcements, itâ??s okay.
No one should ever be in a hurry to lose money on something they do not understand.

Even to this day, the way I trade the news is to wait for the outcome or the reaction of traders to specific economic data reports. If it is uncertain at the time of the data release, I will either stay out of the trade or wait until I see a technical opportunity develop after the news is released.  I prefer to see this technical trade develop and point in the same direction that I am able to determine (with a little more time), the direction of price and momentum.

Several things can happen and even situations I do not mention here but in general, price will remain inside of consolidation if the news is not significant enough or traders are looking beyond the data.  Itâ??s also possible the news was priced into the moves we see up to the release of the data.

So the first tip if you are new to trading is to learn how to identify consolidation.
If the news is sufficient to break price outside of consolidation, it is important to confirm that move outside of consolidation.  You may choose to use indicators however it is important that you learn to gauge market sentiment and momentum.  This is a much more reliable method than simply looking at an indicator at the bottom of your charts for confirmation.  There are obviously several methods to gauge market sentiment and momentum and that is another important step you must take in order to be a consistent and profitable trader.

If the breakout of consolidation is confirmed and the news is the driver for the move, I will often wait for a pullback.  This takes a great deal of patience.  It is not easy to watch price move 30 or 50 pips without participating.

Waiting for a pullback after a significant move or break out of consolidation, allows for a much more affordable stop loss level.  This is for several reasons.
The first is if you enter when price is breaking outside of consolidation, it is possible that the retracement could be anywhere from the middle of consolidation or back to the opposite side of the range it broke out from.  This could be an enormous stop loss level.

If you are looking for a pullback, you are doing several things.  
The first is watching how the markets and traders are reacting to the news and price moving outside of consolidation.
The next thing you are able to do by using this technique is to confirm the outcome of the economic data release.  This will give you time to study the news and confirm the direction.

In most cases, but not every case, a pullback will stop around a support or resistance level.  Often times you can use your Fibonacci tool and it will line up at a 382, 50, or 618 retracement level.  Often times the pullback will also stop around psychological levels or old highs and lows, specifically the high or the low of consolidation from where price has broken out.

It is important that you understand both fundamental and technical analysis.  It is one of the safest ways to trade and in most cases the most reliable.  Often times the release of economic data simply has no effect and you can often times it see that in the charts.  There isnâ??t always a trade available everyday or at all times. and this is another great asset every successful consistent trader must possess, patients.

If you do not understand what you see happening in price or in the markets or if you do not see your specific trade set up, stay out of the markets and just watch.  There is a lot to learn from watching price and how traders react.

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posted by Philip Harman on Feb 5

What are five factors affecting the success or failure of trade or business in a foreign country?

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Provided by Philip Harman News – Business – Education – Products – Tips – People. I Have been working online since 1997, and live in the state of the fantastic Colorado Rocky Mountains. Are you in need of some great gift giving Ideas? - Visit Our Gift Shopping Website Some Posts Are Also Powered by ”Yahoo! Answers:
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www.ArticlesBase.com I have a marketing connection to a brand, topic or product herein. Through the use of affiliate links contained herein, I may collect fees from purchases made.