Author: admin_edirect

The first charity we are going to be contributing towards is called The Mix (https://www.themix.org.uk). The Mix is a digital charity in the United Kingdom. The Mix does a significant amount of work with young adults helping them with a range of potential issues revolving around sex & relationships, their bodies, mental health, drink & drugs, housing, money, work & study, crime & safety and many other fields. Our attention was drawn towards them because they also help those that require advice on gambling addictions. As we have said before, getting the wrong type of education when it comes to financial markets, in particular, using unregulated brokers and signal providers can lead to major losses and gambling type of behaviours. This can be particularly dangerous when exhibited in young adults which is where The Mix can help. As noted,...

Dad’s House (https://www.dadshouse.org.uk). The second charity we are going to be contributing towards is called Dad’s House. They are currently making an urgent appeal for food bank donations to support vulnerable families during the Coronavirus pandemic (COVID-19). Dad’s House aim is to make sure children remain the priority after divorce, separation or bereavement. https://www.dadshouse.org.uk/single-dads-house-uk-about. From their about us page: “Dad’s House aim is to make sure children remain the priority after divorce, separation or bereavement. We will help all dads in need but cannot assist anyone that has been charged with any physical/verbal abuse of their children/partner. There are many ways in which we help dads and families, including offering emotional support, combating loneliness and isolation by being available to chat with dads on the phone or in-person at our drop-in centre, breakfast clubs, law clinics, food banks and accommodation/housing. Our goal is...

Why didn't Nirav register a charity of his own? You may be wondering why Nirav decided to contribute to multiple charities instead of a single charity of his choice. He could have even chosen to register a charity of his own! There are several reasons for this. First, if you want to register a charity for any cause, you have to go through the charity commission. There are six steps to setting up a charity. Find trustees for your charity - you usually need at least 3. Make sure the charity has ‘charitable purposes for the public benefit’. Choose a name for your charity. Choose a structure for your charity. Create a ‘governing document’. Register as a charity if your annual income is over £5,000. Nirav is a full-time trader, along with his commitment to teaching the G7FX educational trading...

The plan for 2021 is to raise awareness of several charities and the work they are doing. In particular, NV wants to help causes that contribute towards improving lives that have been affected by the pandemic and also gambling, especially related to trading financial markets. However, we will be supporting a variety of charities in 2021, depending on how the 25k challenge plays out. Details can be found at https://www.g7fx25kchallenge.com. The first two charities that have been proposed by Nirav (NV) are The Mix (https://www.themix.org.uk) and Dad’s House (https://www.dadshouse.org.uk). A brilliant definition of charity that fits well with our reasonings for doing it was found here: https://www.transparenthands.org/concept-purpose-and-importance-of-charity-in-our-society. “Charity is the act of extending love and kindness to others unconditionally, which is a conscious act, but the decision is made by the heart, without expecting a reward. When...

It's always good to start with a WHY?  Before we discuss WHY - G7FX formed g7fxgiving.com. A platform from which the G7FX community will be supporting charities. Let me introduce you to some of the pioneers behind businesses supporting the community. Businesses supporting workers and charities were the result of business thought leaders in the 20th century. During this, period businesses were focussed on making money with little regard for workers or the community. It was the result of a few forward-thinking businessmen who paved the way for where we are today. One such leader was Thomas John Bernardo, who established hundreds of homes for children to alleviate them from poverty (and who is still a household name thanks to his charitable organisation Barnardos). Another prime example is George Cadbury, the founder of Cadburys....

As we embark on our journey to support charities, we thought it would be interesting to take a quick look at the history of charitable giving in Britain. Britain has a long history of charitable giving. Good stories start at the beginning, in this case, in 597 A.D. The foundation of The King’s School in Canterbury by Saint Augustine is the oldest surviving example of charity in the UK. This characterises the fact that charitable activity for many centuries was a religious activity led and run by the monastic institutions and the church. Charity and giving were core to the Christian faith, and in the early centuries of development, it was hard to see charity as a separate entity from the church itself. Indeed, the early British would not have seen a charity industry...