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Finding New Work Assignments as a Travel Nurse

Have you ever tried looking for a job? How many days (months?) do you spend looking for the right job when you are in between jobs?

Have you ever wondered how come traveling nurses simply seemingly float from one assignment to the next on completion of a tour of duty? Don’t you find it odd that they can do so without the benefit of poring through classified ads looking for the right job?

What most people are unaware of is that good and exceptional travel nurses do not need to spend days, weeks or even months to look for a job or an assignment. The fact is, weeks before their present assignment or tour duty is due for completion, travel nurse already have the next assignment lined up, ready and waiting – if they want it! A good and reliable travel nurse does not necessarily have to go back to her point of hire after an assignment if they schedule their assignments with care and properly plan the dates for completion of duty. At the time one tour ends, a reliable traveling nurse can just pick up from there and proceed to the next city or state where he or she would be assigned.

The reason for this, which is often overlooked by most people, is that travel nurses are not employees of hospitals or the medical facilities where they are. They are instead directly employed by the nursing agency that hired them, provide for their per diem allowances including travel, board, and lodging and sometimes even relocation allowances! The travel nurse’s own agency ensures that takes care of everything for the traveling nurse, from work permits and licenses to travel expenses and allowances.

It is therefore the agency that originally hired the traveling nurse where their new assignments come from. Although there are varying assignment matching parameters from one agency to the next, in general an agency does it well in advance of assignment duty completion and advises the concerned nurse regarding the availability of the next assignment. They also post notices on company websites for the nurse to check even if they are on assignment or send them emails depending on whether or not they are qualified for the upcoming posting. Some nurses even contact their agencies for possible assignments in the area where they are presently assigned.

If a travel nurse requests for an assignment, the agency ensures that the requesting nurse is eligible and well-experienced for the requested position. As soon as this is verified, the agency then determines if the traveling nurse is legally allowed to practice her profession in the state where the assignment is located. Should it be necessary to file any paperwork to secure a license or permit, it is the agency who handles the necessary paper work as soon as possible.

On approval of the travel nurse’s necessary permits and licenses, it is also the agency who finds accommodation for their employee for the duration of the assignment. It is one of the big responsibilities of the travel nurse’s agency to guarantee that their nurses have regular assignments. It actually works to the agency’s advantage to have their traveling nurses employed continually as this is where they make their money from. The better the assignments, the happier the travel nurse is in staying with the agency and in return it means more income for the agency as well!

Making the Right Choice of a Traveling Nurse Agency

Being employed as a traveling nurse is both exciting and fun. One of the most obvious perks is that you get to go where your patient goes! But how do you look for and choose the right agency? How do you determine which one is legitimate, caring and concerned about their nurses and which one is not?

The very first thing to do is to make sure your agency treats employees as persons and provides necessary guidance and assistance if required. They should have a 24/7 hotline or support desk in case the necessity arises – you never can tell. It’s always better to have good back up and support and have no need for it than need one and have no one to provide support!

Make sure that the agency is well established and has an untarnished reputation in the business. Inquire about their job posting and client database – having these information will provide you an insight on how successful they are.

You will also want to make sure the agency you choose is well known and respected and those they have a viable databank of jobs available for you to choose your assignments from. You want to make sure the benefit and compensation packages the agency offers are competitive to what other agencies are offering.

Do they provide medical malpractice insurance? Do you share in paying for the premium or is it part of the employment package? How much is their sign-on bonus and travel cost reimbursements? This is one particular area you need to pay close attention to since it can cost you an arm and a leg to transfer from one assignment to the next.

First you need to ask yourself what exactly are you looking for the agency to offer you as an employee from there you can make a list and then start to research into different agencies and find the one that best suits your needs and desires.

Do not be intimidated nor embarrassed when asking questions, it is your right to know about their policies and help support system for traveling nurses.

Making the correct choice of the nursing agency to sign up with can spell the difference between a successful career or not. When you have made your choice, make it a point to talk with the other nurses in the agency. Ask them about their experiences in relocation, housing, allowances, perks and everything else you may want to know. Asking a nurse would validate any replies the agency personnel have given you during your interview with them.

If agency personnel are professional in all aspects – from interviewing you to providing necessary brochures and information materials, you are assured that they are concerned about their employees.

Find out how long they have been in the business of matching traveling nurses with clients. Do they have any industry awards or commendations?

When you are fully satisfied with all the information you have gathered (from them and from other nurses) then it’s time for you to sign the contract and embark on your journey as a traveling nurse.

A Peek Into a Traveling Nurse’s Regular Day

A nurse’s work day is normally either the tumultuous and fast-paced tempo of an emergency situation or the quiet and tranquil air of watching over recuperating people. This depends on the type of assignment a traveling nurse decides on – they actually have the luxury of choosing their assignments! Whether it is in the emergency room, operating room or patient recovery ward – the final choice is theirs to make!

More often than not, considering that the traveling nurse’s assignment is temporary – they are required to work in an assortment of clinical settings. And since their assignments only last for four to six weeks at a time, traveling nurses also agree to handle such diverse duties regardless of their specialization since they are trained to work under almost any conditions. Considering the perks of a traveling nurse who can work anywhere in the country, nurses agree to take on other duties in order to further their nursing knowledge and career. Also, the additional experience becomes an added asset to securing future assignments.

Normally, traveling nurses fill up jobs not only in other states where specialized care may be required but also in cruise ships that travel around the world. How would you like to be on board one of those expensive floating hotels, enjoy the various sights of the ports of call, have you own on-bard accommodation, not pay a single cent for your passage and instead get paid for just being there? Of course, you would love that. I would too! Being a traveling nurse and getting assigned to a cruise ship is the dream assignment of most travel nurses!

On the other end of the assignment roster is the probability of getting assigned to disaster areas where field hospitals are constructed in times of crisis and disasters. More often than not, state and local governments are always hiring nurses to travel to disaster areas to provide aid in times of crisis. Concrete examples are Hurricane Katrina and the 9/11 disaster where a lot of traveling nurses were employed for this medical disaster.

The duties and responsibilities of a traveling nurse are both rewarding and sometimes even more challenging than your regular nursing jobs. Because of the situation, traveling nurses are required to learn new skills on the fly, often under great pressure during emergency situations. There is always the chance that the clinical procedures you are familiar with are not the same as the ones observed in your new place of assignment. It’s a matter of having the aptitude to learn and execute new techniques and styles of doing things right then and there.

A traveling nurse regularly comes in contact with the stimulating experience of working in various areas of nursing, with different peoples and personalities while at the same time having fun and excitement in traveling to new and interesting locales in the performance of her duty to provide assistance in the treatment of people medically. Aside from these, the most obvious enticement is that they get paid more and have more job perks compared to other nurses!

Necessary Requirements to Become a Traveling Nurse

Being a traveling nurse takes on a new meaning due to the combination of two words – travel and nurse. To travel and enjoy the sights, sounds and tastes of a new place is every individual’s dream. And to those men and women who would like to emulate Florence Nightingale pursuing a career in nursing is the pinnacle of success. Nursing include independent and shared care of individuals regardless of ages, families, groups and communities, sick or well and in all settings. Nursing also involves the promotion of good health, prevention of illness, and the care of sick, disabled and dying people. Nurses also participate in the advancement of a safe living environment, research, determining health policy including patient and health systems management, and education.

Combining the two diverse fields makes it a challenging but adventurous and rewarding career at the same time. To But how do you become a traveling nurse in order to be part of a select group of people who travel and work at the same time?

The very first thing is to take up nursing in college and become a Registered Nurse. You also need to take and pass the NCLEX-RN exam. You then need to acquire the necessary one year experience by working in a clinical / hospital environment in your field of specialization. There longer the experience you have accumulated before applying as a traveling nurse, the higher the pay and more benefits you will get. The minimum requirement set by majority of traveling nurse agencies is one year.

After acquiring the necessary experience, you need then to identify the various traveling nurse agencies that suit your requirements and apply with them. Make sure that you carefully study and analyze their hiring benefits, bonuses, contract provisions as related to travel, board and lodging. Make a worksheet in order to better compare the plus and minus factors of each agency with another. Not all traveling nurse agencies have the same hiring and compensation package.

As soon as you have narrowed down your list to a manageable and realistic number, then you can engage in a more thorough research. Feel free to ask questions from the agencies and nurses who are working for them. Ask for a list of referrals and industry affiliations.

Once you have determined which particular agency you wish to work for, submit your resume. On approval of your application, you can then begin to choose the available positions which can literally be anywhere across the continental United States.

Make sure you are aware of the duration of the assignment (type of facility, duties and responsibilities including work hours), travel and accommodation arrangements etcetera before signing a contract. As soon as these are settled, the agency will have to do its responsibility of securing the necessary permits and licenses to allow you to work anywhere in the United States.

You can now enjoy the sights, sounds and tastes of your new place of assignment as a traveling nurse. While on assignment, you can still be in touch with your home office through the Internet or telephone and be constantly advised of upcoming openings as the completion of your assignment nears.

The Disadvantages of Being a Traveling Nurse

Although traveling all over the country sounds fun and may even be what most people want to do in the course of performing their profession, working as a traveling nurse has its disadvantages too.

No particular work has all advantages or disadvantages each one has its own set of one and the other which each individual has to balance. Working from one state to another or one hospital to another after having learned the corporate culture of your present assignment and going through the learning process all over again is one of the disadvantages of being a traveling nurse. If you are typically a reserved person, you have to change your attitude to succeed as a traveling nurse since your will be working in different places in the course of a single year. A traveling nurse therefore needs to be able to adapt quickly, learn the ropes faster at the new place of assignment and be flexible enough to interact with different people in different places every two or three months. If you are the timid type of person, then the situation may become problematic!

If you can not adjust quickly to your surroundings and work environment, then working as a traveling nurse may not be as enjoyable for you as it is to some persons.

One of the unspoken prerequisites of becoming a traveling nurse is a fast reaction time to any type of situation – be it with regards to your patient, fellow medical staff, and even the person on the street. Why? Since you are constantly on the move, being able to react almost instantaneously (and independently) gives you an advantage over others.

Remember, being a traveling nurse obviously involves a lot of travel. If you are married, this may pose a problem since you will have no time (or very little time in between assignments) for your family, husband and children. You have to carefully consider this when thinking of working as a traveling nurse. Even if you are single and you like to be close to your family but would still love to travel, keep in mind that there are times when you have to be away for more than six to eight weeks on stretches. Your choice of assignment then should be limited to areas that are easily accessible by within a day’s travel by car or plane so you can visit your family on weekends.

One of the biggest drawbacks of working as a traveling nurse is if you get assigned to a cruise ship. You may think it is fun and exciting, working while on a cruise but since there is no other place to go except on the ship, you have to be aware that you are automatically on call 24/7!

Another equally wearisome disadvantage is the enviousness of some fellow nurses who are working for the medical facilities / hospitals that you are assigned to. You have to deal with the animosity (of only a few not all anyway) since when they discover that you are a traveling nurse, they know you get paid more than they do. The only way around this kind of situation is to maintain a friendly, outgoing and pleasant nature wherever you go to work.

Basic Workings of the Forex Market

Most people think that the foreign exchange market is a highly specialized market that requires some mumbo-jumbo. Actually, it is simply a wide-ranging buy and sell market in which the primary commodity on the block is money itself – of various currencies. Traders who do business in the forex market engage in the buying and selling currencies such as yen, dollars, euros, pounds, and other currencies of the world.
Due to the daily (sometimes hourly) fluctuations of several of the world’s currencies, the forex market has become a profitable venue for majority of currency speculators and traders. Currency fluctuations are directly tied to a country’s gross domestic product, inflation rate, political stability and employment rate among other factors. The basic principle of the forex market is to buy low and sell high – exactly the same as the stock market. You buy a particular currency when its values go down and sell it again the moment the value goes up!

A good case in point is the American dollar which is suffering from a very low value compared to the euro, the British pound and the Japanese yen. Most traders are buying the greenback as much as possible in the event that when it recovers its actual value, they can easily sell it off for a profit.
One important thing that ordinary people like you and me have to be aware of is that there is no literal buying and selling going on in the foreign exchange market! Every buy and sell transaction in the forex market is done through paper (no actual currency changes hands between traders) but the consequential profits and losses from the currency transactions are real.

Because of the unique transaction type (no physical exchange of commodities) in the forex market, they have what is termed margins or leverage. Quite simply, what this means is that a trader or investor does not have to actually put up the entire amount of the position he is taking. With a margin of 1% (the normal acceptable margin), a trader can put only $1,000 into it but you are actually getting $100,000 if you decide to acquire his position. Regardless if this is the case, if you do are not careful, wise and judicious in making your decisions you can very well easily multiple your losses in a single day alone!

The major reason that the forex market allows a 100:1 margin is because most of the world’s most actively traded currencies in the foreign exchange market do not fluctuate in value by more than 1% a day, sometimes it is even less.

Since fluctuation are relatively small, gains or losses on a $1,000 initial investment is almost imperceptible, however, by multiplying it by 100, the gains and losses become more pronounced in the forex market.

This implementation of the forex market rule has standardized the basic lot traders and investors can buy and sell – usually 100,000 (which of course actually will cost only 1,000). This is the lowest amount most traders handle during any particular trading day.

Know How to Forecast Forex Rates

Know How to Forecast Forex Rates

Making a forecast on the various currencies in the foreign exchange markets is akin to making a weather forecast meaning there is no exact science on how to make a prediction on which direction the market will go at any given time of the trading day.

However there are traders and investors in the market who are more successful than their counterparts in making forex predictions.
Basically there are two approaches on how to make a forecast in the forex markets. The first one is by using technical analysis and the second one is by using fundamental analysis.

Technical Analysis

In the technical analysis method of predicting the market, the methodology is geared more on the close scrutiny past market behavior and using the data to predict the future. Just like people analysis which is based on what transpired before, most traders believe that past events in the market are a solid indicator of future events even in the forex market. People buy and sell commodities and in the forex market, since money is the commodity, they are no less affected by outside variables.

The fluidity of the forex market makes it an overwhelming task for any body (or even a group of individuals) to monitor closely each and every variable responsible for the market fluctuation of any given currency. The way to do a practical analysis therefore is to closely analyze the overall picture and correlate trends over an extended period of time.

Fundamental Analysis

On the other hand, if you are to use the fundamental analysis methodology to forecast forex markets, the procedure involved is more comprehensive, but it can also be more accurate. By using the fundamental methodology, all factors affecting the forex market are carefully studied and analyzed – political situations, government stability, social movements, and believe it or not, sometimes even the weather conditions.

All factors that affect any country’s economic stability are taken into consideration since the currency can ultimately be affected as well. A nation’s economy is in relation to its trading partners and the rest of the world dictate its currency’s exchange rates, and that’s what a fundamental analyst will use to make an educated guess regarding the forex market’s situation.

This necessitates having an in-depth knowledge of almost any information regarding a country’s political, social, economic, sometimes even religious conditions not to exclude the weather! If you are tracking the euro, it makes it even more difficult as there 27 member countries with 8 or 9 more waiting to be accepted in the union!

Although the amount of information necessary to be gathered is daunting, having all of them on hand makes it relatively easier to make a forex forecast.

The Best of Both Worlds

Successful traders in the currency market use a combination of both methodologies in order to have a more accurate prediction of the forex market. If you are planning to enter the forex market, then it is to your advantage to keep abreast of most economic, political, social and weather conditions of the country whose currency you are keen to speculate on. It pays to have all the necessary information on hand rather than be sorry after making a wrong decision because you did not have the correct data in the first place.

How to Get the Latest Market News on Forex Alerts

Because the world is such a big place and has several time zones, there are countries that have night time while the others are on day time! And because of this situation, the stock market and foreign exchange markets operate 24 hours a day in different parts of the world!

This means that at any given time, there are billions and billions of dollars and other major currencies exchanging hands in the market. This also provides money traders and players with a constant flow of information regarding the exchange rate of any currency at any given time. The situation is such that foreign exchange traders need a way to stay on top of breaking news regardless of the time since their business’ lifeblood depends on having the information on the latest exchange rates on time – all the time.

Thankfully, getting alerts on the forex market developments is not a big problem since these alerts are available from online foreign exchange dealers and brokers and other similar companies. With today’s technological advancement, a forex alert can either be in the form of an email message or text message sent directly to the subscriber’s cell phone or internet-capable handheld device.

Foreign exchange alert providers normally provide subscriber alerts in two methods. Some send out alerts every 24 hours (depending on where you are in your part of the world), complete with a summary of related information and developments in the market. While on the other hand there are those who send alerts only when something that affects the market transpires.

A word of advice though, you have to very careful in making a choice as to which foreign exchange provider you sign up with. Make sure they have been in the market longer enough (five years would be best) and that they have a good track record. Why? Because these forex alert providers use proprietary formula to determine what is critical or not! If you require more comprehensive alerts depending on your own particular set of variables, these providers may charge more money than the regular fees. And of course it’s still up to the individual trader to act on or disregard the information send to him in the alerts.

There are brokers however who do not charge fees for their forex alerts as this is included in their service, and may also include a wider alert program covering stocks, commodities and bonds.

It is ultimately up to you to determine what type of alerts you need get based on your requirements and whether you are a conventional trader or a risk taker.

Most traders swear on the positive advantages of forex alerts; however, it is always safe to be on the prudent side of the trading equation and spend the extra amount of time to do your own research on the conditions of the foreign exchange market as no system is perfect.

Receiving forex alerts may give you the necessary edge over other traders if you correlate them with your own private data.

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