chevyplaces.com

By Daniel Kidd

The Department for Business, Innovations and Skills (BIS) is consulting on consolidating and modernising consumer law enforcement powers.

The consultation focuses on five specific areas and proposes reforms to the consumer law enforcement regime with the stated objectives of reducing regulatory burdens on businesses, protecting civil liberties and improving effectiveness of enforcement.

The consultation seeks view on proposals in the following five areas:

1. Consolidating and simplifying consumer law powers

There are currently several public bodies enforcing consumer law, including Trading Standards Services (TSS), the Office of Fair Trading and various Consumer Protection Cooperation enforcers under the Enterprise Act 2002. These bodies derive their enforcement powers under more than 60 separate pieces of legislation covering many business sectors (including retailers, estate agents, providers of consumer credit etc.), with some being sector-specific.

BIS is proposing to introduce generic enforcement powers in place of existing legislation to make these powers more transparent and consistent. The new law would include:

alignment of investigatory powers to provide consistency and transparency across all consumer legislation selected by BIS for consolidation

alignment of powers to allow TSS to make test purchases

clarification of powers to require the production of documents, including digital content

alignment of penalties across consumer law for obstructing enforcement officers

It is clear from the proposals that as previously flagged, the role of the Office of Fair Trading in this area will be all but extinguished in favour of the TSS.

2. Improving cross boundary co-operation and authorisation for the Trading Standards Services (TSS)

BIS proposes to authorise TSS in England and Wales to investigate and bring proceedings outside their own local authority.

3. Removing barriers to the use of civil procedures for enforcement

Breaches of consumer law can be enforced through either civil injunctive relief or by means of criminal prosecution. BIS’s concern is that the TSS is unable to present civil cases in County Courts, meaning that the cost of civil enforcement is often higher than it needs to be (due to the need to hire external lawyers) and contributes to the relatively now number of civil enforcement actions by TSS compared to the number of criminal prosecutions.

BIS is proposing permitting the accreditation of individual TSS professionals to enable them to present cases in County Courts to encourage the use of civil enforcement which may be more proportionate than criminal prosecutions. An example given of the type of case which TSS could potentially present in court itself is in relation to a company cold-calling consumers with claims that it could sell their cars or refund their service fee, neither of which it in fact did.

4. Introducing more flexible qualification requirements for TSS officers

BIS proposes introducing general competency requirements for TSS professionals, whose only current statutory qualification requirement relates to weights and measures enforcement and no other consumer law.

5. Enabling competition by opening up of calibration of measurement standards market

BIS’s proposal is to assist local authorities to reduce their costs in enforcing weights and measures legislation by providing them with alternative testing laboratories.

Why this matters:

BIS hopes to simplify and consolidate investigatory and enforcement powers so that they are clearer and more transparent. Given the myriad of consumer legislation, including additional legislation in relation to some specific business sectors, a set of generic enforcement powers is likely to be welcomed by businesses.

It remains to be seen whether the ability of TSS to present civil cases in County Courts would lead to an increase in the overall number of investigations and enforcement actions, or whether it would in fact result in more proportionate penalties for businesses for non-compliance.

The consultation highlights how the consumer protection landscape is likely to be changing over the next few years, both in terms of legislation and enforcement. Together with the anticipated Consumer Rights Bill, businesses can expect to see more changes in this area in the next few years.

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Forex trading tips can help a trader make profits in the highly volatile forex market. In a sense, forex trading is like equity trading and a few bad decisions can lead to bankruptcy. Like share prices, the prices of currencies fluctuate frequently in either direction within a short span of time. Thus, a basic understanding of forex trading is essential before entering into the forex market.

Some Important Forex Trading Tips

Forex trading tipscan help you save a lot of time and money. Here are some of the most valuable tips one can get:

• Know Yourself: Before executing a particular trade, define your risk tolerance and capital allocation for that trade. While selecting a trading style, ensure that your own financial objectives are met and risk tolerance levels are not exceeded.

• Plan and Stick to It: Once you have decided your financial goals, define a timeframe and make a working plan for your forex trading career. Ensure that you have enough time to practice with a demo account before executing actual trades. Decide the amount of time you want to spend trading and whether you want to turn forex trading into a career. Once you have designed the plan, stick to it to determine whether your trading strategies are working.

• Determine the Investment Amount: One of the most important forex trading tipsis to start with a small amount of money. You should gradually increase the investment capital as you start making profits. It is better not to pump more and more money in the initial stages of trading.

• Restrain Emotions: Although traders might find it difficult to implement, they must refrain from letting excitement, euphoria, greed or panic affect their trading decisions. Emotions running lose is one of the reasons beginners are advised to trade with small amounts. Low emotional intensity and a logical approach are the best ways to conduct forex trading.

• Choose The Right Broker: Ensure that your broker can help you meet your investment objectives. You can get a lot of information about a broker by checking his client profile and customer testimonials. You can read online forex broker reviews to get a broker who would suit your trading strategies and style. Your broker should also offer you some great forex trading tips.

• Avoid adding to a losing position: Ignorance of this principle has been a cause for several disasters in the forex market history. Since one can never definitively say when the market trends will turn, adding to a losing position can raise your risk profile.

Ctsforex.com offers a forex trading system that helps investors take out emotions from forex trading and make the best use of profit-making opportunities.

The Forex Revolution Review – The Advantages of Using FOREX Robots

by

michaelreview

Forex is really a term used to stand for that foreign exchange market. Many currency traders use online Foreign exchange brokers to buy then sell currency. Forex traders often use technical analysis to create their trading decisions. This requires studying mixtures of price action (through chart patterns that emerge as price moves up, down and to the side) and technical indicators, which are provided with any good trading software or charting website. Forex robots automatically make trades depending on technical analysis techniques. There are numerous scam robots which make outrageous and untrue claims.

A Forex robot is software that generates trading signals and then automatically places real-time buy and sell orders inside your brokerage account. There are many different ones to choose from, like a search of “Forex robot” on the Internet will begin to reveal. Some robots can be programmed with a trader; others come preconfigured and can only be updated through the robot vendor. Research the offerings carefully to make sure you purchase a robot with the features you desire for your type of trading. Speed All Forex robots are designed to trade in tangible time. To do this, they have to instantaneously recognize price changes for those monitored currencies, evaluate whether or not to issue an order and, if appropriate, place an order with your broker. Humans just can’t operate in the speed of a robot, which makes human traders susceptible to price “slippage” — price changes occurring in the interim between signal generation and order execution. The issue escalates using the number of currencies traded. A great Forex robot can real-time trade in a half-dozen currency pairs simultaneously, an impossible task for an investor. Stealth Should you do business with a dealing desk broker — market makers who trade against their clients — you do not want to “tip your hand” in advance of your trades. This means you don’t want to place limit or stop orders, because these tell your broker exactly how to manipulate prices to defeat your trading strategy. A limit order tells the broker at what price you will enter a situation. A stop order specifies when a winning or losing position is going to be closed — through take-profit and stop-loss orders respectively. A Forex robot can be employed in “stealth mode”: it enters orders automatically in real time as prices reach your entry or exit points. Your broker may have no advanced knowledge of your upcoming trades and is thus denied a decisive advantage in the zero-sum battle for Forex profits. Discipline Unlike humans, Forex robots are neutral; they do not experience greed or fear. This is a decided advantage because humans can do lots of damage to their accounts by trading emotionally. After experiencing a loss, some traders become gun-shy; others become gung-ho. But the best response is to merely keep your composure and adhere to your trading strategy. You will find traders who can successfully manage their emotions in stressful trading situations. If you’re not one of them, a robot can provide the discipline you do not have. Considerations Leave your computer switched on when running forex robots. Also make sure to operate good money management techniques, allowing the robots to bet only a small amount per trade initially, or letting them run only on practice accounts or accounts funded having a limited amount. Now, let’s talk about The Forex Revolution created by David Heath and just how it might assist you. I really hope this simple The Forex Revolution Review will aid you to differentiate whether The Forex Revolution is Scam or perhaps a Genuine. This all depends upon how your Ea’s are set up. Considering the fact that this will be an ever evolving neighborhood, everyone’s controls will be different, and thus, their outcomes several. Whenever you stick to the Revolutionaries and neighborhood advice, you could have many more wins than you might losses. As I recommend to anybody from the Forex trading, constantly choose a Demo Account. When that you’re happy with your effects you are able to change over to your authentic funds, knowing that you’ve proven benefits behind you.

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The Forex Revolution Review – The Advantages of Using FOREX Robots