fix money problem

Hair Accessories in Cheaper Prices

2010-02-21T21:42:00.005+07:00

If we're going to party we'll need make up, gown, and high heels. In addition, we must also look our hair. We can use a variety of hair accessories in order to look nice. We can buy it in stores or boutiques. But, some are expensive, and we only bought one or two accessories. I know a website that provides hair accessories. I recommend this site for you. In this site, we can choose a lot of accessories for very cheap prices. There are various kinds of hair accessories can be found. If you're looking for a comb or hair clips you can found it there. You can choose some accessories to match with the color of your dress. Flower hair clips, butterfly hair clips, rhinestone hair clips, metal hair clips, and many more... with cheaper price. So, enjoy shopping!

Best Quality of Comforter Sets

2010-02-16T14:12:00.001+07:00

Activities throughout the day will make our body become tired and need rest comfortably. We need some comforter sets to rest at home. And to get good quality rest, we must get good quality comforter sets too. I know of a website and I recommend you to visit a website that provides a variety of comforter sets. Find best quality down comforter sets, compare down comforter sets, also hotel bedding sets there. There are various types and designs which you can choose, of course with the best quality comforter sets. There are several categories which you can choose there. Best comforter sets, comforter covers, down comforter bed sets, kids comforter sets, king comforter sets, queen comforter sets, comforter and twin sets. You'll find a match what you want in there.

Complete dating tips for you!

2010-02-16T13:26:00.001+07:00

If you have problems in dating with your spouse, you may need to visit a website that I recommend to you. On the website I recommend is discussed about how to get a girlfriend. Lots of good tips can be found on this website to overcome the various problems you may have, like: how to successfully get a date with a girl you like, how to flirt ladies in a good way, how to ask a girl out, and much more telling tips can be found on this website.

Complete dating tips for you!

2010-02-16T13:26:00.000+07:00

ebay tips

2010-02-07T13:05:00.001+07:00

Today, I try to play with ebay :) I got some tips there. I just copy these... Hope this useful...

Find out What It's Worth: If you know what you want to sell, you can get information about the item such as the recent sales activity and price, appropriate listing category and key words, and examples of good descriptions. Simply do an Advanced Search on your item and click Completed Listings. If you want to find out what is selling on eBay, check out the eBay Pulse.

Determine Pricing and Listing Format: Many sellers that sell in an action-style listing format, find that setting a low opening bid with no reserve jumpstarts bidding and increases their final selling price. However, demand for the item must be high to generate multiple bids. Your research in step one will help you with this information. If you know the value of your item or have multiples of the same item, set a fixed price for a quick sale. Learn about how eBay displays items in search results.

Sign up for PayPal: PayPal enables you to accept online payments for your eBay items. Sellers must offer safe electronic payments to buyers on eBay, so sign up today - it's fast and free to sign up.

Maximize Your Item Title: Be sure to include key words that buyers will search for, unique or descriptive attributes, and always check your spelling. Your item title is critical in helping users find your items, so use each character wisely using descriptive key words.

Describe Your Item in Detail: A good description is concise, well organized, and easy to read. Create bold section headlines, bulleted lists, and be sure to include item style/type, brand, condition, and other attributes. When available in your category, use item specifics to help buyers find your item. Depending on category, item specifics include the condition of the item (new, used), size, color, brand, etc. Make sure to include your return policy and handling time, which is now required in every listing.

Include Photos: A picture really is worth a thousand words and your first one is free! Use clear, well-lit photos from a variety of angles to accurately showcase your item. Use good lighting and an uncluttered background to get the most out of your photo. Add additional photos to showcase details and unique features of your item. Upgrade to Picture Pack to take advantage of the zoom feature on item listings. Many categories and Premium and Anchor eBay Store subscribers get multiple free photos.

Include Reasonable Shipping Costs: Specifying reasonable shipping and handling costs in your listing is essential for smart selling. eBay's free Shipping Calculator provides real-time shipping costs to buyers all over the world, so you can increase your chances of success. Providing free shipping can give you an extra boost in search results ranking and sales.

Communicate: Always respond quickly to any buyer questions. Include extras or a handwritten note in the box to really surprise and delight your customers. Make sure to leave feedback for your buyer so they'll do the same for you.

Use My eBay to Track Sales: Your My eBay page is your own personal dashboard to track all your activity on eBay. Simply click My eBay on top of any eBay page to reveal the items you are selling, items that are sold, shipping addresses of your customers, messages from your prospective buyers and to manage your personal information and communication preferences.

Save a trip to the Post Office: The United States Postal Service® offers a variety of free shipping supplies, delivered directly to you within a few days. After the sale you can pay for and print shipping labels for UPS and USPS directly from My eBay. Pay for the shipping using PayPal and print the labels on your home printer. You can also schedule free carrier pick-up online and at no additional charge.

Radiology Technician

2010-02-02T10:24:00.002+07:00

Radiology technician is the study of different imaging technologies that are used to diagnose and treat diseases. Radiology technician jobs is related to health and medical. To become radiology technician the candidates must have completed training with a 2 year degree accredited by the Joint Review Committee on radiologic technology. Here is the website related to radiology technology, http://theradiologytechnician.com/. In this site, you can find anything about radiology technician, how to work, whats the program, how much salary, how to become, and many others. This site is created to all people that interested to radiology technical. So just visit and see. May be it can be your opportunity to be succes.

Free Backlink by Write Article

2010-02-01T16:34:00.002+07:00

I've found new way to make backlink to our sites or blogs. This is a site that provide Free Article Submission Service. First, we submit article about anything, and you can write about your blog or site there. Then, take some follow link to your site. This backlink will work better than you comment at some website. Because, there will be many word that tell your sites. So, search engine like google will like this. Your targeted blog or sites will rising in search engine soon. Publish your article at http://www.pubarticles.com/ to get quality backlinks and targeted traffic soon. It's free for you, so you can try it with no risk.

Allianceforums

2010-01-31T16:18:00.003+07:00

I've found a nice forum. That's Allianceforums. This is a forum that provide us hacking, gaming, downloads, marketplace, social engineering, programming, business, webmaster forums, and free talk. With joined this forum, you'll get many benefits. Like free rapidshare account, megaupload accounts, and many more. And with only 5$, you'll get more and more. You can lok here. And you'll also got paid by replying, make a thread, and soon. Enjoy it!
Post Much To Get The Cash! http://allianceforums.ws

Funny Videos

2010-01-31T14:45:00.002+07:00

See this link. How? or this.
Daily activities sometimes makes us boring. We need entertainment for refreshing our brain. I think I've found a good site that you can see many funy movies there. There are many videos that you can watch. There are some rating for each. You see, the pink stars. Better video will have more stars than other for max 5 stars. You also can give them a rating, but you'll better sign up first. Choose one of them that you think interesting and see. You can download the video and also share your funny videos in your own site. So, enjoy this site!

Taiwan Friend Finder

2010-01-31T14:16:00.003+07:00

Having lots of friends is very important to build relationships and connections. Friends in the virtual world can become friends in the real world. Therefore, we can use social networking sites to help us get a lot of friends. There are many kind of social networking. One of them is Taiwanfriendfinder where you can find many Taiwan personals. Taiwan online dating site can be a good solution for you to expand your association. If you're a Taiwan, or looking for Taiwan personals, join now and find your friends and even your soulmate. By registering for free, you can enjoy this site. Maybe you'll find friends you are looking for.

Djembe Drums

2010-01-31T13:27:00.003+07:00

Djembe Drums is a unique music instrument that can make a beautiful rhythm. It has many kind like african drums, percussion drums, african instruments. If you looking for some unique instrument, you must visit this site and you can see many product that provide with the best price for you. You can found many instrument like african drums, or something related with highest quality in various sizes and models, which are made of sustainable forests are guaranteed fair trade products. Today, it have some discount, so hurry up, you won't regret it.

Watch TV Online

2010-01-31T12:00:00.003+07:00

There are many online TV in internet. What is online TV? Online TV is a website that we can watch TV or movies from internet. I don't know there are many online TV, but I'm not sure they are free. But, this is a website that provide you a movie online freely. Click Here to Watch Movies Online For Free. This site provide movie that we can see freely. This site is alike youtube, dailymotion, and other video sites. But, this site is only focus in movie and TV online. You no need to download and waiting for long time to watch movie. But, if you don't have a good internet connection, you must be a patient to waiting some buffering ;)
Enjoy this site...

FREE SMS SERVICE

2010-01-31T11:46:00.002+07:00

SMS, ya we use this service almost every day. Usually, we using the handphone to sms our friend. But, if we need to sms many people, or we don't have pulse to sms, what will we do? Many people don't know that many free sms service in internet now. Ya, it's free. One of them is Free SMS in India. Really, this is not a free sms service, but you can find there some article that reviewing all major SMS websites and would let you know the best free International SMS Providers in India.. This is a part of a chating website. That is Indian Chat. The free chat website from India. Everything about India here, you can find there.

Saza Investments the Paying HYIP

2010-01-31T08:55:00.005+07:00

What is HYIP? HYIP is High Yield Investment Programs means some program that provide you high interest when you put your money there. High yield, but also high risk. Why? Many HYIP is scam shortly. Just a week, or only a few days HYIP sites will become SCAM. But not at all. Some HYIP really paying and can alive for many years.

One of them is Saza Investments ;) This sites have been established for almost 5 years since 2004. This is the real HYIP and real online investment. You can see in many HYIP monitor like goldpoll and hyip.com, or just googling it. You'll see Saza Investments is realy thrusted.

How to invest there? you can see here http://sazainvestments.com/?drgn=2. With only $30, you can put your money there, and get 8% weekly forever. If you are the really investor, you can put more moeny and get more interest up to 10% weekly forever and 1% referral comission. Saza Investments accept STP, perfect money, liberty reserve, and strictpay.

Want more proof? It have certificate.

If you have any suggestion, Saza Investments will consider it.
So, join and earn money now ;)

Announce Your Product Free

2010-01-31T00:06:00.002+07:00

Do you have any product or something you want to be announced? Many people don't know there are many website that provide something to release your announcement. I know one website from my friend, that is www.free-press-release.com. In this site, you just need release a document issued to media and consumers to announce your product. You can submit your press release at no charge with Free Press Release. Your press release be shown instantly. And the good news is your press release will be indexed by Google no more than 24 hours. To get more benefits, you can join freely. And if you want more, you can purchase paying release like CUSTOMIZED release. With this, you just need 1 hour for your press release to indexed by Google. What a great!
You can try this now! ;)

Hair Care Tips

2010-01-29T19:17:00.003+07:00

Hair is one part of human body that contributing our appearance. Have neatly groomed beautifully hair will make you will feel more comfortable for both women and men, but if you have something on the hair, such as loss, broken, branching, and others, will make you worry about your appearance.
I have some tips for that.
1. To avoid an annoying tangled hair, use conditioner to the sidelines of the hair with a comb. Leave for three minutes then you can rinse it.
2. After shampooing, use rarely toothed comb to straighten your wet hair, comb hair from the tip slowly, then to the top.
3. When you leave the house between 9 am to 4 pm, wear a hat or umbrella. If you have to do some activity, choose a shady spot.
4. During summer, hair loss more often than usually. Therefore put on hair loss prevention products. Do creambath in the salon or at your home once a month.
5. You may use some hair accessories to beautify your hair. This is simple way, but works.
6. Cut your hair regularly, once every 3 months so that the hair tip remain healthy, not branching, cracked or dry.
7. What you eat can give a big impact on the condition of your hair, your skin and other parts of your physical appearance.
Thats all tips that I have, may be you can add an argue...

The Best PTC Sites List

2009-12-05T18:46:00.021+07:00

The Best PTC Sites List Updated Jan 01 2010

The Paid to click sites are systems that pay up to 0.01$ for clicking on ads and visiting web pages by some seconds. You may also earn more money by purchasing referrals or evolving account.

There are many scam sites and few trusted. Sites come and go and very few stays for long. I have given sites conditionally divided into two categories. In the first are trusted sites which paying a day without problems. In the second are testing sites without payment yet. I ask to help me testing them.

I will give you a simple calculation. If you click 4 ads a day you will earn 0.04$ and from 10 referrals, you will earn 0.20$. That means 0.24$ a day and 7.2$ a month. If you join 10 PTC sites, you will earn around 75$ a month and this might vary depending on the sites. But it will work when you get more referrals. So more the referrals, more will be the earnings.

What is referrals? Referrals are people who joined with your link. After you join PTC, you got link to promote and invite your friend joined under you. If they clicks, you earn money. So, if you have many referrals, you earn more money. Many people can earn thousands dollars every week just by have many referrals in some PTC sites. Remember, you must click every day if you want big earning. Because you will not get your referrals earning if you dont click ads.

Earned money is paid through AlerPay or PayPal.

If you still do not have an account in AlertPay click on banner below and open a free personal starter account, you don't need to pay any fees. You can cashout your payment direct to your bank account but it is for those countries who support bank account in alertpay, and others can request money via check or via wire transfer.

join alertpay here

Here below I present a list of PTC sites to make money. I update this one almost every day and watch news at forums and blogs. Click on the Banners and register now:



Account	Per Click	Refs	Ads	Payment	Cashout	Pay Via

Standard	$0.01	$0.005	4-10	Instant	$2+	PP/AP
Gold	$0.01	$0.01	9+	Instant	$2	PP/AP

Neobux is the king of Paid to Click Sites.



Account	Per Click	Refs	Ads	Payment	Cashout	Pay Via

Standard	$0.008	$0.005	4-10	24Hr.	$2+	PP/AP
Gold	$0.01	$0.01	12+	Instant	$2	PP/AP

	Palmbux is second best PTC



Account	Per Click	Refs	Ads	Payment	Cashout	Pay Via

Standard	$0.008	$0.005	4-10	24Hr.	$2+	PP/AP
Gold	$0.01	$0.01	12+	Instant	$2	PP/AP

If it goes like this, UpBux will be one of the Top programs.



Account	Per Click	Refs	Ads	Payment	Cashout	Pay Via

Standard	$0.008	$0.002	4	7 days	$4	PP/AP
Gold	$0.01	$0.008	9+	Instant	$4	PP/AP
FROM TRUSTED OWNERS, SUSTAINABLE RATES

NICE DESIGN



Account	Per Click	Refs	Ads	Payment	Cashout	Pay Via

Standard	$0.01	$0.005	4-10	Instant	$2	PP/AP
Gold	$0.01	$0.01	8-10	Instant	$2	PP/AP

NEW SITE IN PRELAUNCH - GET 3 MONTH SILVERMEMBERSHIP



Account	Per Click	Refs	Ads	Payment	Cashout	Pay Via

Standard	$0.01	$0.005	4 - 5	Instant	$9	PP/AP
Gold	$0.01	$0.01	8 -10	Instant	$2	PP/AP

Have some question to ask?? Post your question in comment... (dont spam!!)

Getting Guide And Advice From Todayssenior

2009-02-08T10:30:00.003+07:00

Some improvement of era everything will face many changes. One of them is in retirement case. All this time people do the retirement for money only such as financial planning only. But today some people have many plans which are related with retirement such as starting new business, part-time work, mentoring or many other plans is the form of success in retirement that is explained in todayssenior.com. This is the only one of things that you will be given to you about retirements. The other advantage that you will get is about some object that you can take to be included as consideration in using reverse mortgages.

Beside that tips, news advice are the other things you will get although you are beginner in retirement related. For example through reverse mortgage beginner’s guide, the beginner will find guide how to use retirement, making plan by using retirement and many others. Once more when you are digging on todayssenior you will find useful advice for you.

Some advice is about medicare supplemental insurance plans. It explain you how to use the twelve Medicare supplement insurance plan standards which is started from A to L with each utility. An advice that you may apply is about the time that is suggested to buy Medicare supplemental insurance policy. It is six months after enrolling Medicare part B. Those are some of many advice, opinion and also explanation that you will get from todayssenior. So check it out for larger convenience that you will get. Visit here...

The Next Neobux

2009-02-07T09:35:00.003+07:00

I have found new PTC site that likely Neo. The name is Unobux. All unobux's stats is alike neobux.
Pay per click $0.01, pay per refferal click $0.005 for standard member, and $0.01 for premium membership. And minimum cashout $2, instant. Usually there are 4 ads every days. The security is moderate. When clicking ads, we need to clicks red button like neobux too.
It lauching about one week ago. So unobux never paid member before, and not yet available at rental refferals.
In many forum, unobux is hot. Many people talking about this, they said unobux will be better than neobux. Unobux is the next neobux.
We can start earning money from unobux now. What is the benefit for this? It just lauching. So, we may to became the best member there. We can win some jackpot and another programs there. So, join now and earn as much as you can.

How to Remove Public Service Ads (PSA) in Google Adsense

2009-02-01T09:39:00.001+07:00

Google adsense has become a very popular tool for making money from your site by showing advertisements. But sometimes you see PSA - better known as Public Service Ads on your pages. These ads are displayed because adsense has not been able to find suitable ads for your page. Without commiting these 15 Adsense mistakes, here are some ways to remove PSA.
Why Public Service Ads are bad?

* Most important fact is that there are no payments for clicks on PSA’s. So even if you have a good CTR (click thorugh ratio), it is of no use.
* It spoils the look of your site. Lets say you decided to place a big 160×600 vertical banner on your site and no ad showed, the PSA ads will have big monocolour fonts since one big ad wil be shown instead of 5 ads there, which looks bad to the surfer.

How to remove Public Service Ads?
* Develop sufficient good content with keywords on your webpage related to the topic of interest. Google is a great fan of good content websites.
* Ensure that META tags like ‘title’ & ‘description’ and the headings tags like h1, h2 etc. have content which matches the rest of your site. They are main ways google judges your pages content.
* Add specific keywords in your text which will help the google bot to determine and understand the content of your website. Repeat related keywords which will better help to understand site content. Do not fill your page with simlar keywords, it might work against your favour.
* Try to keep the entire website focussed on a particular theme, so that even if the content on a particular page is lesser, the ads wil show.
* Do not place multiple ad units if there are not suffcient ads to display on all of them. Also Google TOS do not allow placing more than 3 ad units on a page.
* Use section targeting - you can target an ad unit to a specific section of your blog, as well as block out irrelevant sections like navigational links. Useful to get more targeted ads.

Is your site Still showing Public Service Ads?

* Google may take time to crawl your site. Although most of the times the ads show immediately, at times it takes upto 48-72 hours for google to assess the content of newly created webpage. This usually occurs if your site has not been indexed before by Google. The time is reduced on newer pages of a site already running adsense. Google claims the ads will get better and more focussed to your pages with time.
* Your page may contain objectionable content. This may be against Google Adsense policies. If you feel your page has no such content, then look for any objectionable keywords or phrases which may be present accidentaly. Removing such content can cause PSA’s to dissapear.
* Your site maybe using a robots.txt file, which will may not be properly set up and prevent the AdSense crawler from crawling your web pages. Add the following two lines to the top of your robots.txt file:User-agent: Mediapartners-Google* Disallow:
* Frames may occasionaly cause difficult in indexing your page. Always remember to tick the Framed page checkbox from the Ad layout code page when generating your ad code. Similarly IFRAME’s also prevent effective indexing and cause PSA’s
* There may not be any ads configured to show in your region. Lets say that these ads may be working in United States, but maybe showing PSA is Zambia. This is because Google Adwords payers can select regions where to display their ads, where they believe their target surfers are. After all why should an eye surgeon in US want to promote his service in Zambia? Try using the Google Adsense Preview Tool (works on IE only) which helps to determine probable ads in different regions.
* Recheck your Adsense code was inserted properly on your webpage. Do no attempt to modify the code in any way, as it is against their terms of service. Adsense gives enough options to cutomisethe ad colours and sizes to suit your site. USe only the official code available from their site.
* Remove session ID’s from urls - they changes every time a different user views a page, and the URL will not be in the indexed everytime.
* Reduce your filter blocked urls. This feature is in place to allow you to block competitors ads from showing on your pages. If you block too many such urls, there may not be any advertisers left to display ads.
* Use the Google Adsense Sandbox tool Simply enter the URL or keywords in the box below, and you will see up to 20 sample AdSense ads for the URL or keywords.

Official ways to hide Public Service Ads (PSA)

* Suggest as altenate colour to display instead of your PSA. This will show an empty space with the background colour you suggest.
* Suggest an alternate ad to display instead of your PSA. Your ad will show in that space instead of the PSA if their is insufficient content.
* Place a collapsible ad. This ad will collapse and not show any PSA at all.

From http://www.free-content.tk/

Tips for you about Adsense

2009-01-28T12:10:00.002+07:00

If you like these tips, be sure to check out my AdSense book, Make Easy Money with Google: Using the AdSense Advertising Program, from Peachpit Press. See memwg.com for details. The book was mentioned in an article about AdSense in USA Today.

As explained in Why are ads displayed on this site?, most of the pages on this site display text ads from Google’s AdWords program. To display these ads, a site must join Google’s AdSense program. Joining is free, but not all sites are eligible to join. Once you’re accepted, however, it’s very simple to place the ads on your pages and to start generating revenue for your site. AdSense will serve ads that are generally very relevant to the content of a particular page. Here are some tips based on my experiences so far with the AdSense program.

Tip #1: Don’t put ads on empty pages.

When I reworked my site, I built a skeleton set of pages that had no content, just titles and some meta tags. I displayed ads on those pages, however. Although all you see are public service ads at first, the very act of displaying ads on a page causes the AdSense web crawler to quickly fetch that page for analysis. A page with good content will thus begin showing relevant paying ads fairly quickly.

If you don’t have any content, then, Google will have to guess as what your page is about. It may guess wrong, and so the ads that it displays may not be relevant. You’ll have to wait until Google re-crawls the site for the ads to correct themselves. Here is what Google had to say when I asked them about how often the AdSense crawler updates a site:

Thank you for taking the time to update your site. New ads will start appearing on your site the next time our crawler re-indexes your site. Unfortunately at this time, we are unable to control how often our crawlers index the content on your site.

Crawling is done automatically by our bots. When new pages are added to your website or introduced to the AdSense program, our crawlers will usually get to them within 30 minutes. If you make changes to a page, however, it may take up to 2 or 3 weeks before the changes are reflected in our index. Until we are able to crawl your web pages, you may notice public service ads, for which you will not receive any earnings.

It’s better to flesh out the page before you start displaying ads on it.

Tip #2: Don’t be afraid to ask questions

If you’re wondering about something, don’t be afraid to ask Google. So far, they’ve always responded to my questions within a working day. There are two email addresses to use, depending on the type of question:

Please feel free to email us at adsense-tech@google.com if you have additional technical questions or concerns. For general program or account questions, please email adsense-support@google.com.

Their responses are always very polite, and they appreciate getting problem reports and suggestions.

Tip #3: Avoid non-English characters on English pages

This one is a bug, to be honest. My surname is French, and I prefer to write it out correctly with the accent grave on the first “e”. Every page on my site would then include at least two accented letters, because my name shows up twice in the footer. On some pages my name shows up two or three more times.

Normally, this wouldn’t be an issue. But on some pages the presence of the accented characters is enough to cause AdSense to display non-relevant ads in French. This happens whether the browser indicates a preference for French or not. When I reported this to Google, this is the answer they gave me:

Hello Eric,

Thank you for bringing this issue to our attention.

We are currently working as quickly as we can to address this problem. As soon as we have more information for you, we will email you again.

We appreciate your patience.

Sincerely,

The Google Team

Until this is resolved, I’ve decided to strip out all accents except on the pages that are actually in French.

Tip #4: Check your keyword density

Although Google doesn’t release exact details as to how they determine the ads to serve on a given page, they do tell us that it’s the text content of the page that matters, not the meta tags. Before serving ads on a page, then, you might want to check its keyword density. A good, free tool for doing this is found here:

http://www.ranks.nl/tools/spider.html

This lets you fine-tune the page before exposing it to the AdSense crawler.

Savings Account is Blessing in Disguise

2009-01-25T10:11:00.004+07:00

Saving account is blessing in disguise. Most of people think that they saving their money foro the future. But, we never think about the inflation, and the other probability. I will tell somethink in my opinion.
Money.... yeah. This is one such thing which has the power to satisfy the expectations of the people. In other words, this factor defines the life style and the status of the people. But, it is also necessary for the people to churn out maximum benefits from the available options. It is quite a difficult task for the people to limit their expenses and to save a significant amount of money under any circumstances. To solve out this unnecessary issue the banking sector is also striving hard to sprout numerous arms to help the valued customers in varied ways. The most important offer can be referred to the savings accounts which can help the people to save huge amounts of money at ease. In this high tech age, saving money in such a manner can prove to be fruitful in varied ways. However, you must know that saving account and children saving account are different in certain points. Even though both these accounts share certain similarities the crux of the matter is quite different.

Actually, the saving account can help you to reap benefits in the form of interest rates. As a matter of fact, this account refers to that type of account where you can deposit any amount of money any time without any tension. The deposited money can be kept there for long period of time to reap huge benefits. However, that does not mean you cannot withdraw money. In fact, you can take out money any time and that too without any hassles. Now, kids also need financial support due to some reasons or the other. Viewing this necessity, the children saving account has been devised. These accounts would reasonably help your kids to enjoy financial future at ease. Furthermore, the flexibility of withdrawing money any time and anywhere would offer your children the liberty to access any amount of cash any time. Moreover, numerous banks these days are offering lucrative schemes for opening such accounts. Thus, you must search for the best rates so that few restrictions and high gains would welcome you with open arms.

Now, it is quite important to know, what would be the minimum age barrier of the kids to open such children saving account. In this account also the Indian banks are extending helping hands whole heartedly. Almost all the banks don’t have the age limits or the minimum age bar which would restrict the people to get indulged into it. Most importantly, these accounts can be opened even in zero balance. Such attractive accounts actually create a cushion which can offer security and and comfort for our children. Now, in order to lay hands into the best offers the World Wide Web can prove to be the best platform which would offer you the latest updates regarding such accounts offered by banks. Though factors such as terms and conditions, rates of interest and flexible withdrawal etc., would differ among the top notch banks, it would depend upon you as to which product would reap the best benefits and ensure financial security for your children.

Initially, the parents are required to invest money into their children’s saving account so that the mounting cost of their education can be borne without any hassles. Quite interestingly, whenever your kid needs urgent cash he/she can access the required amount instantly and that too without any penalty.

From BuxP Admin

2009-01-23T10:17:00.000+07:00

From BuxP Admin

Due to further legalizing our company , you will be required to own a verified account at your payment processor (Alertpay or Paypal)used on BuxP when requesting a payment.

Don't worry! We are giving our users the time to verify their accounts.
We are expecting standard members to own a verified account by the 10th of february.
premium members should own a verified account by the 20th of february.

If you do not own a verified account after these deadlines, your payments will be on hold until you do. Users who still have not verified their account on the 10th of march will see their payment request canceled.

You may join, click & enjoy BuxP using an unverified account, but you are required to have a verified account when requesting a payment.

If your AP/PP account is already verified, you can sit back and relax making money on BuxP!

Cheers!
BuxP

Syntax to Make a Money Machine

2009-01-21T14:37:00.003+07:00

Programming language to make money machine called MQL4. MQL (Metaquote Language) version 4 is standard language for indicator, script, or expert advisor (EA) programming that used at Metatrader platform. With this language we can make automatic machine that can trading forex for sell, buy, and close without our interere.

Expert Advisor / EA or forex robot, that I ever explain in this blog, is a program to optimizing your trading based on some logics and parameters that have already available in MQL4.

Custom Indicator, it alike EA, but it cann't trading automatically.

Script, alike EA, is assemlage of process, but just can processing all at once.

Program/script with MQL 4, can make easily, that is just run MetaEditor.

The syntax structure of MQL4 is alike C/C++. So if you usually use C or C++, you will not get trouble to make this program.

Here it is the example of some part of the syntax to make automatic machine called forex robot or EA:

         //----+ +----------------------+
        //----+ DETECTING A TREND      |
        //----+ +----------------------+
        if (LastBarsX_Up != IBARSX_Up)
         {
          //----+ Initialization of variables 
          LastBarsX_Up = IBARSX_Up;
          BUY_Sign = false;
          BUY_Stop = false;

          //----+ calculating the values of indicators
          Fast_StepMA = iCustom(NULL, TimeframeX_Up, "StepMA_Stoch_NK",
                                PeriodWATR_Up, Kwatr_Up, HighLow_Up, 0, 1);
          //---         
          Slow_StepMA = iCustom(NULL, TimeframeX_Up, "StepMA_Stoch_NK",
                                PeriodWATR_Up, Kwatr_Up, HighLow_Up, 1, 1);
          //----+ detecting a trend                                 
          TrendX_Up = Fast_StepMA - Slow_StepMA;
          //----+ defining a signal to close trades
          if (TrendX_Up < 0)
                     BUY_Stop = true;
         }

The next level, MQL4 make interconnection with DLL (Dynamic Link Library) file. So the MQL4 aplication become more powerfull and can communicate with other aplications to make programming that more complex and complicated, and of course to added some functions that not provided by standard MQL4 like sending SMS if want to send some signal, make activation code, make register, send email with report to website and other supported aplications.

For more informations, please visit www.mql4.com

Thats all, I hope that it can become starting step to become a programmer that still scarce (just than delphi, VB, PHP) and more specially to make money machine, automatic machine to make dollar.

Happy coding, happy trading, and happy blogging.... :D

Just a Little that I Know, Find Money from Internet

2009-01-20T22:53:00.003+07:00

This is just a little that I know, how to find money from internet. I try many way to find money from internet. I try google adsense. I try PTC. I try affiliate, etc. I'm not a master at all. I just want to learn from someone who has more experience than me.

I know internet can produce money. We can use internet as our primary jobs. I ever get some money from internet, but just a few dollar. From this, I know, internet can produce money. Due many or just few, it depend on how much we work, how much our experience, and how smart we are. But I'm sure, internet can produce a lot of money.

I have some rule to being succes in internet business:

0. Be sure that your luck has being set by god that very rich.
1. Find money in internet is hard, sometimes make you stress.
2. If you serious and fokus, in one year, if god bless you, at least $5000 belong to you.
3. If you are jobless, do by yourselves first so your operational cost can be reduce.
4. If you are a employee, do it not at working hour.
5. Keep blogwalking to add friends, add your knowledge.
6. At last you get some earnings that unexpected with $100 / day. wow...
7. Don't be stingy at money although knowledge, because there are some rights inside.
8. If more that $300, take some employee because it will help the goverment to clean the destitution and unemployee.

Some motivation

If you failed, take it as experience and learn from it. If failed again, you can try again. Remember that you will never get unlucky all.

Success is not look from the money, but a change that today is better that yesterday.

We keep our spirit with real contributions and real creations, although just for own, and will better if can help other people.

I still have many mistake, so I wanna try to correct it. I'm sorry about my english language because I just want to learn english language by writing like this although it take a long time to be a professional blogger. Please correct me if some text wrong. Thanks all :D

I have paid again by Neobux

2009-01-16T02:19:00.003+07:00

Neobux is really nice PTC
I just paid again from NEO as amount $4.2
It transfered instantly within 5 second.

Great!! Thanks Neobux :D

If you want to join too click here

How to Install a Forex Robot or EA

2009-01-15T11:55:00.003+07:00

How to install a forex robot / expert advisor? I will explain in this blog. I know this from my friend also as my teacher at blogging. So that if anybody ask about platform metatrader 4 installation can use this article.

Forex Robot Software is using to help forex trading automatically, and the robot must be integrated with metatrader trading software. yang berjalan di plaform mt4 berguna untuk membantu trading forex anda secara otomatis, dan Robot harus diintegrasikan dengan software trading metatrader. By using forex robot or EA, buy/sell/closing/etc can work automatically. With this tool, you can doing your other activity and you money will earn automatically. Forex robot will do this for you. But, you must know how.

Sometimes, forex robot just can work at mt4 platform or metatrader 4. Make sure metatrader 4 software has set up/ installed in your PC.

The method:

1. Install metatrader software. You can download here, then install until this work. For example, we want to install metatrader for broker www.fxopen.com. Don't forget to remember the folder directory where metatrader has installed.
Example:

for broker www.fxopen:

C:\Program Files\MetaTrader - FXOpen

or for broker masterforex:

C:\Program Files\MetaTrader - Masterforex

or for Fxpro:

C:\Program Files\FxPro MetaTrader

2. Download robot forex Mrobot Forex v5
Copy file "Mrobot_scalper_v5_.ex4" into your metatrader software directory folder
indside ...\experts\
example: C:\Program Files\MetaTrader - FXOpen\experts\

3. After that, run your metatrader software by open some a pair for example USD / CAD and drag the robot into the graphics chart.

you can setting some parameter like this (click to zoom) :

If work, wiat a few second and your robot will work automatically like this :

Don't try to trading in forex real before try demo or tutorial and get profit at least 3x continued. A mistake at controling robot will make your money gone at a glance. I'm not responsible for all consequence that caused by this software. Don't like to be a lonely man in forex, make a community, consult with success person.

Translated from Sumintar.com

Earn Money from Neobux

2008-12-21T10:56:00.000+07:00

Neobux is one PTC (Pay to Click) that I love. Why Neobux? Because Neobux is believable. It pay me twice as his promise at TOS that instant payment. Yeah, I have cashout from Neobux.com twice and all processed with instant payment. I receive my money from Neobux 1 second after I request. Fantastic isn't it??
Neobux have some stats, here it is : Pay per standard click : $0.01 Pay per standard refferal click : $0.005
Pay per premium click : $0.01 Pay per premium refferal click : $0.01
Payout : $2, instant for all member
Ads rate : 4 - 6 for standard

If we look from stats, its not so productive like another online business. But, if we can find many refferals, we can enjoy the result. We can find as many as we can, its not limited. We also can rent refferals from Neobux to earn more money. There are some data to rent refferals and the benefits for this :

click to zoom in!

If you are not belive that is pay, there are my payment proof screenshot.

There are my payment proof from Neobux

Before you join Neobux, you must have alertpay account. If you don't know what is alertpay, you can find it at google. You can join alertpay here.

And you can join neobux by clicking the banner above, or click here Neobux.com

Oh ya, I have 100% cashback commision for all my refferals until 200 clicks. I give you $1 if you reach 200 clicks. Thanks, happy clicking :D

2008-08-13T13:57:00.001+07:00

Retail traders just starting out in the forex market are often unprepared for what lies ahead and, as such, end up undergoing the same life cycle: first they dive in head first - usually losing their first account - and then they either give up, or they take a step back and do a little more research and open a demo account to practice. Those who do this will often eventually open another live account, and experience a little more success - breaking even or turning a profit. To help avoid the losses from hastily diving into forex trading, this article will introduce you to a framework for a medium-term forex trading system to get you started on the right foot, help you save money and ultimately become a profitable retail forex trader.

http://www.investopedia.com/articles/forex/05/060205.asp

2008-08-13T13:54:00.001+07:00

Forex Strategy Books

Forex strategy e-books that are listed here provide information on the specific trading strategies as well as the use of particular Forex trading instruments. Basic knowledge of Forex trading is required to correctly understand and use these strategies.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

1-2-3 System — A simple pattern trading system by Mark Crisp.

Bollinger Bandit Trading Strategy — A trading system based on Bollinger bands indicator by unknown author.

Value Area — from The Likos Letter.

The Dynamic Breakout II Strategy — by unknown author.

Ghost Trader Trading Strategy — by unknown author.

King Keltner Trading Strategy — by unknown author.

Scalp Trading Methods — by Kevin Ho.

LSS - An Introduction to the 3-Day Cycle Method — by George Angell.

Market Turns And Continuation Moves With The Tick Index — by Tim Ord.

The Money Manager Trading Strategy — by unknown author.

Picking Tops And Bottoms With The Tick Index — by Tim Ord.

The Super Combo Day Trading Strategy — by unknown author.

The Eleven Elliott Wave Patterns — by unknown author.

The Thermostat Trading Strategy — by unknown author.

Intraday trading with the TICK — by Christopher Terry.

Traders Trick Entry — by Traders Educators of Traders University.

Fibonacci Trader Journal — a journal covering different trading techniques based on Fibonacci indicators, by Robert Krausz. 12 issues.

Rapid Forex — a set of aggressive Forex trading strategies (Rapid Forex) by Robert Borowski and Stephen A. Pierce.

Microtrading the 1 Minute Chart — a small e-book aimed on Forex newbies to teach them the basics of M1 scalping.

BunnyGirl Forex Trading Strategy Rules and FAQ — set of rules for a BunnyGirl trading strategy based on WMA crossing.

The Daily Fozzy Method — by Michael Dunbar.

Forex Trader's Cheat Sheet — real Forex cheat sheet for position entry times/conditions by Quantum Research Management Group.

Offset Trading — a basic Forex news trading range breakout system by Dana Martin.

How to Trade Both Trend and Range Markets by Single Strategy? — by S.A. Ghafari.

A Practical Guide to Technical Indicators; Moving Averages — by S.A. Ghafari.

FX Wizard — essential Forex trading rules by Rob Walton.

FX Destroyer — a description of a rather simple Forex trading strategy, invloving moving averages, parabolic SAR and ADX indicators, by Izu Franks.

http://www.earnforex.com/forex_e-books/trading_strategy/

2008-08-13T13:45:00.000+07:00

Learn How To Rake In Your Share Of
The $1 Trillion Foreign Currency Market
And Become An Expert Trader By
Using The Gladiator Forex Trading Strategy!

Introducing The Forex Gladiator Strategy:
Featuring Advanced Money Management
and Forex Trading Techniques!

Hi, my name is Juan Saton, author of Forex Gladiator and the creator of The Gladiator Forex Trading Strategy. I used to work hard, hoping and dreaming of the day when I could retire in comfort. But when I looked at the poor returns of most investments, it seemed retirement was an unattainable dream. I looked around me and saw millions of people working when they we were in their 70's just to make ends meet. That's when I decided that there had to be a better way and I was going to find it!

In The Forex Gladiator Ebook I'll Explain Everything You Need to Know To Become A Forex Gladiator:

	The difference between Fundamental and Technical Analysis and how and when to use them.

	The three kinds of price charts -- Line, Bar and Candlestick -- and how to read them.

	How to choose the best Forex brokers, how they operate, and where to find them.

	How to avoid the 7 biggest, most costly mistakes you can make as a Forex trader.

	35 of the very best, most important Forex day trading tips you need to know to ensure your long-term success.

	The critical importance of formulating your own Forex money management system and following it every day.

	My essential 3 step system for Forex trading and how to put it to use immediately.

	An ingenious strategy that can increase your ability to spot potential winning trades by 100%!

	The secret to knowing exactly when and where to exit for maximum potential profits. (I had to pay $10,000 to learn this!)

	Learn how to quickly assess what the trend is and the exact strategy to exploit the situation for maximum potential profits.

	Learn how to quickly know what market is the best market to trade. Simply applying this one technique can make all the difference in the world.

	Fully disclosed system: no need to buy, rent or subscribe to any service. You control your trading, you decide when to trade, you decide how much to trade.

	So easy to learn that most of my traders (many who are completely new to forex trading) put Forex Gladiator to work only 1 day after learning it.

	No stress, no emotions: Since Forex Gladiator is 100% mechanical you will only follow strict rules to identify, enter and exit trades. No interpretation or judgment what so ever (if you trade already, you most likely know the value of 100% mechanical trading)!

	Completely disclosed rules. Stop using those trading services or so called "black box" systems. Be in control of your trading.

	And much, much more! http://www.forexgladiator.com/

2008-08-13T13:39:00.000+07:00

What others are saying
“I have learned more from the techniques and trading signals [presented in Jump Start Videos] than I have from all the free info and expensive courses put together. I finally have confidence in my trades by just trusting the signals and doing what you teach. My account is growing faster than I expected. I can’t say thank you enough.” - Chris McElhatton		“Launch Pad is very easy to use. The videos were excellent, easy to follow along and very concise. A good system. I have done live trading with it. The best one I did was for over 70 pips which netted me over $700. I wouldn’t hesitate at all telling somebody else about it. Launch Pad is a good system.” - Rob C.

Why Your Headline Will Make You Or Break You In Project Management!

2008-08-13T00:24:00.002+07:00

The value of a proper headline when dealing with a project (or anything else for that matter) cannot be stressed enough...

Yep! I'm talking of the headline of your email correspondence here...

It only makes the day for a project manager so much more comfortable (not to mention easier), when he/she has to find something in a hurry...

And, usually...

What else... normally... is a project other than...

"In A Hurry..."

So, if you'd just give me an appropriate headline, I'm very apt to forgive everything else, and especially typos;-) - slang or whatever have you.

The need for understandable language however... Still though, just my 2 cents...

Whenever I got e-mails of character "more or less garbled", I'd call back to make sure the importance of such a post... And, if nothing else, make the person understand the value of an appropriate - to the CASE headline!

ALSO: Whenever I had to send people e-mails myself, I'd ALWAYS follow-up through a personal visit (in person) or follow up the e-mail by a phone call...

( That is, if the message was of particular imporance or of any urgency of nature, of course. Sometimes both... - when extremely important as to avoid EVERY possibility of a misunderstanding)

AND: I cannot STRESS enough the importance of this!

Besides... In the end... I cannot even count the endless millions saved from being flushed down the sewers of project-managemen-hell - purely by following this simple... little... routine...

The most obvious reason is that you get to eliminate the fuzz and the potential B.S. INSTANTLY...

BUT...

The most important (perhaps) and not always so obvious reason?

This way there will be NO phreaking way anybody involved could ever lamely excuse themselves with the so popular and widely used:

"Ohhhh! Oh my... I didn't know that..."

Or BETTER Yet! ---> You won't Even have to put up with the even more so annoying:

"Oh... I didn't know that... I NEVER got anything like that from you..."

Just try applying this strategy yourself... Just once!;-)

It'll only take a few more (no need for more than 2 to 5 more minutes normally) minutes of your day...

.BUT, I'll promise you... These 5 more mins will more than be worth it by the end of your week...

BECAUSE: While the other guy still is scrambling around, you have eliminated just 1 more obstacle that otherwise could've set you hours, and even days and weeks back due to stupid mis-communication and needless errors...

And, just so you know, this ONE tactic alone, made it possible for me to go in - take over projects other people - more experienced - more "skilled" and longer in the trade than me - had to abandon...

.Projects gone so astray that you'd be embarrassed (and then some) to call it YOUR assignment...

Still though, among others - this one thing made it possible - not only to rescue these lemons that no-one wanted...

.but, without exception, it made it possible to do so (rescue them) - within 90 days and less.

Making them absolute killer money machines in a snap...

No matter what size - no matter how down the sewers the project ever was...

And, usually...

The project never took more than 3-4 weeks to be back on its feet...

So, the morals here must be: NEVER - EVER underestimate the power of seemingly small, and unimportant things like these...

In the end, these are the nuggets that will separate the loosers from the winners...

And, in my experience as Project Manager, you, the Project Manager live a potentially "Dangerous" life...

You are like a King/Queen, but without land of your own...

And, the head of the Projectmanager will always roll first, unless you have done your work - backing yourself up...

.Documenting EVERY little bit of your work, and more...

But, when the documentation is secured, and your proper means of communication are provided for... Your time as emperor is way more secure and successful...

Not to forget, but so much more fun!

Best Regards and Much Success

Arne Yri

How To Run A Kick-Ass Project
That Will Rake IN The Fungolas
Big Droves Of Crisp CASH & Profits
EVERY Time - No Matter What!
http://www.ProjectManagementMadeEasy.com

by: Arne Yri

The REAL International Gold Standard: The Leadership Talk

2008-08-13T00:24:00.001+07:00

Summary: The global economy has been a fact of life for decades now. But the author asserts that most leaders don't understand the right kind of leadership to propel those organizations to great global success. Here is a blue print on how to make your leadership truly effective on an international basis.

Working with thousands of leaders during the past 21 years in the global economy, I have found that most of them don't have a clue. They may know to some extent how to do business on a global level. But to exert the right kind of leadership on that level eludes them; so when I first meet them, they're usually getting the wrong results or the right results in the wrong ways.

Of course, there are many successful global companies and leaders, but my experiences teach that they are successful not because of but in spite of their leadership activities. They may do things right; but they are not doing the global leadership things right. If they got that leadership right, they'd be getting a lot more results.

Clearly, the challenges of leading on a global scale are daunting. Differences in time zones, cultures, currency dynamics can be vexing. But one thing is the same. It takes leadership for organizations to succeed – leadership that must drive results, not now and then, not ad hoc, not in patches but consistently in all cultures simultaneously.

First, let's understand what kind of leadership is needed to achieve such success. Then I'll give you a powerful tool to make it happen.

Leaders do nothing more important than have people get results. There are two ways for leaders to get results, order people to go from point A to point B or have the people want to go from A to B. Clearly, the latter is more effective in getting results. Today, with speed, flexibility, and teamwork being driving global competitiveness, the order-leader who tyrannizes and micro manages can't compete against the leader who can build motivated teams to get results.

The days of the order-leader are not just numbered. They're over. Today, leadership is motivational or its stumbling in the dark. Because in terms of achieving more results faster continually, the order is the lowest form of leadership. Here's why: Until recently, ever since the beginning of the Industrial Revolution, the order-giving way of leadership has flourished. Order comes from a Latin root meaning "to arrange threads in a woof". In the Revolution's early years, captains of industry dealt with the uneducated country folk in their factories by ordering them where, how and when to work. The most efficient and effective production methods were created when workers were "ordered" or ranked like threads in the woof of production lines.

Refined and empowered by the Victorian culture, with its patriarchal power structure and strong links to Prussian military organization and dictates, the culture of the order-giver reached its zenith in the United States after World War II.

In the following decades, with most of the industrialized world recovering from the war, many U.S. businesses were like ocean liners plowing through relatively calm seas, their leaders, like liner captains and mates, running things by getting orders from superiors, giving orders to subordinates and making sure those orders were carried out.

But with globalization, businesses worldwide are undergoing changes as radical as any since the Industrial Revolution. With competition increasing dramatically, with the volume and velocity of information multiplying, with information becoming accessible to more and more people, with the traditional, pyramidal structures of order-giving flattening, leaders today need skills akin not to ocean liner piloting but white-water canoeing.

Order leadership founders in an environment where lines of authority are dynamic, information widely disseminated, markets rapidly changing, and employees empowered. In such an environment, new leadership, motivational leadership, is needed.

In short, the leader who can "have" others get results. That means global leadership is essentially motivational leadership.

That's the kind of leadership needed to achieve such success. Now, here's the tool to make that leadership happen. That tool is The Leadership Talk. Here's what the Leadership Talk is all about.

When it comes to realizing motivational leadership around the world, there is a hierarchy of verbal persuasion. This hierarchy extends to people everywhere, no matter what their culture, what job they hold, or what ambitions they have.

The lowest levels of the hierarchy are speeches and presentations. They communicate information. The highest level, the most effective level is The Leadership Talk. The Leadership Talk not only communicates information. It does something much more. It establishes deep, human, emotional connections with people.

The question isn't, "Why is this connection necessary in terms of getting organizational results?" (After all, the answer is obvious.), the question is, "Why is the Leadership Talk the gold standard for international leadership?"

For one thing, I've had top leaders in top companies worldwide applying it for more than two decades, and it simply works. It's all about helping leaders get what I call "more results faster, continually." You can get those kinds of results on a global scale without the Leadership Talk.

The Leadership Talk is motivational, action-focused, results oriented anywhere it's used.

That's because its key process, the Three-trigger Motivational Process, is tied to universal human motivators.

I emphasize process -- which is a sequence of specific steps to achieve a particular outcome -- because it's not good enough to motivate people now and then, we must do it consistently. Process promotes consistency and advances the quality, quantity, and dependability of results.

The Leadership Talk process I'm going to show you has been working for many hundreds of leaders for nearly 20 years. It's called The Three-trigger Motivational Process. And it's the basis of all my leadership processes.

Note that the triggers are in the form of questions. 1) DO YOU KNOW WHAT THE AUDIENCE NEEDS? (2) CAN YOU BRING DEEP BELIEF TO WHAT YOU'RE SAYING? (3) CAN YOU HAVE THE AUDIENCE TAKE RIGHT ACTION?

When facing a leadership challenge, if you say "no" to any one of these questions, you can't give a Leadership Talk.

(1) DO YOU KNOW WHAT THE AUDIENCE NEEDS?

Winston Churchill said, "We must face the facts or they'll stab us in the back."

When you are trying to motivate people, the real facts are THEIR facts, their reality.

Their reality is composed of their needs. In many cases, their needs have nothing to do with your needs.

Most leaders don't get this. They think that their own needs, their organization's needs, are reality. That's okay if you're into ordering. As an order leader, you only need work with your reality. You simply have to tell people to get the job done. You don't have to know where they're coming from. But if you want to motivate them, you must work within their reality, not yours.

I call it "playing the game in the people's home park". There is no other way to motivate them consistently. If you insist on playing the game in your park, you'll be disappointed in the motivational outcome.

(2) CAN YOU BRING DEEP BELIEF TO WHAT YOU'RE SAYING?

Nobody wants to follow a leader who doesn't believe the job can get done. If you can't feel it, they won't do it.

But though you yourself must "want to" when it comes to the challenge you face, your motivation isn't the point. It's simply a given. If you're not motivated, you shouldn't be leading.

Here's the point: Can you TRANSFER your motivation to the people so they become as motivated as you are?

I call it THE MOTIVATIONAL TRANSFER, and it is one of the least understood and most important leadership determinants of all.

There are three ways you can make the transfer happen.

* CONVEY INFORMATION. Often, this is enough to get people motivated. For instance, many people have quit smoking because of information on the harmful effects of the habit

* MAKE SENSE. To be motivated, people must understand the rationality behind your challenge. Re: smoking: People have been motivated to quit because the information connecting the activity with many kinds of diseases is absolutely compelling.

* TRANSMIT EXPERIENCE. This entails having the leader's experience become the people's experience. This can be the most effective method of all, for when the speaker's experience becomes the audience's experience, a deep sharing of emotions and ideas, a communing, can take place.

There are plenty of presentation and speech courses devoted to the first two methods, so I won't talk about those.

Here's a few thoughts on the third method. Generally speaking, humans learn in two ways: by acquiring intellectual understanding and through experience. In our schooling, the former predominates, but it is the latter which is most powerful in terms of inducing a deep sharing of emotions and ideas; for our experiences, which can be life's teachings, often lead us to profound awareness and purposeful action.

Look back at your schooling. Was it your book learning or your experiences, your interactions with teachers and students, that you remember most? In most cases, your experiences made the most telling impressions upon you.

To transfer your motivation to others, use what I call my "defining moment" technique, which I describe fully in my book, DEFINING MOMENT: MOTIVATING PEOPLE TO TAKE ACTION.

In brief, the technique is this: Put into sharp focus a particular experience of yours then communicate that focused experience to the people by describing the physical facts that gave you the emotion.

Now, here's the secret to the defining moment. That experience of yours must provide a lesson and that lesson is a solution to the needs of the people. Otherwise, they'll think you're just talking about yourself.

For the defining moment to work (i.e., for it to transfer your motivation to them), the experience must be about them. The experience happened to you, of course. But that experience becomes their experience when the lesson it communicates is a solution to their needs.

(3) CAN YOU HAVE THE AUDIENCE TAKE RIGHT ACTION?

Results don't happen unless people take action. After all, it's not what you say that's important in your leadership communications, it's what the people do after you have had your say.

Yet the vast majority of leaders don't know what action truly is.

They get people taking the wrong action at the wrong time in the wrong way for the wrong results.

A key reason for this failure is they don't know how to deliver the all-important "leadership talk Call-to-action".

"Call" comes from an Old English word meaning "to shout." A Call-to-Action is a "shout for action." Implicit in the concept is urgency and forcefulness. But most leaders don't deliver the most effective Calls-to-action because they make three errors regarding it.

First, they err by mistaking the Call-to-Action as an order. Within the context of The Leadership Talk, a Call-to-action is not an order. Leave the order for the order leader.

Second, leaders err by mistaking the Call as theirs to give. The best Call-to-action is not the leader's to give. It's the people's to give. It's the people's to give to themselves. A true Call-to-action prompts people to motivate themselves to take action.

The most effective Call-to-action then is not from the leader to the people but from the people to the people themselves!

Third, they error by not priming their Call. There are two parts to the Call-to-Action, the primer and the Call itself. Most leaders omit the all-important primer.

The primer sets up the Call, which is to prompt people to motivate themselves to take action. You yourself control the primer. The people control the Call.

The primer/Call is critical because every leadership communication situation is in essence a problem situation. There is the problem the leader has. And there is the problem the people have. In many cases, they are two different problems. But leaders get into trouble regarding the Call-to-action when they think it's only one problem, mainly theirs.

For instance, a leader might be talking about the organization needing to be more productive. So, the leader talks PRODUCTIVITY.

On the other hand, the people, hearing PRODUCTIVITY, think, YOU'RE GOING TO GIVE ME MORE WORK!

If the leader thinks that productivity is the people's problem and ignores the "more work" aspect, h/she's Call-to-action will probably be a bust, resulting in the people avoiding committed action.

Let's apply the primer/Call dynamic to the productivity case. The leader talks PRODUCTIVITY: but this time uses a PRIMER. The primer's purpose is to establish a "critical confluence" – the union of your problem with the problem of the people.

In this case, the leader creates a critical confluence by couching productivity within the framework of MORE MEANINGFUL WORK.

The primer may be: LET'S GET TOGETHER AND SEE IF YOU CAN COME UP WITH AN ACTION PLAN THAT WILL ENSURE THAT THE PRODUCTIVITY GAINS YOU IDENTIFY AND EXECUTE WILL ENABLE YOU TO WORK AT WHAT'S REALLY MEANINGFUL TO YOU.

Note what we've done: The primer is LET'S GET TOGETHER AND SEE IF YOU CAN COME UP WITH AN ACTION PLAN.

The actual Call is from the people to themselves: LET'S INCREASE PRODUCTIVITY BY WORKING AT WHAT'S MEANINGFUL.

With that Call, the leader moves from just getting average results (YOU MUST BE MORE PRODUCTIVE: i.e., you're going to solve MY problem) to getting great results (YOU COME UP WITH WAYS TO TIE PRODUCTIVITY INTO MEANINGFUL WORK: i.e., you're also going to solve your problem.)

So, here's what the Leadership Talk Call-to-action is truly about: It's not an order; it's best manifested when the people give themselves the Call; and it is always primed by your creating the "critical confluence" -- they'll be solving their problem as well as yours.

The vast majority of leaders I've worked worldwide are hampering their careers for one simple reason: They're giving presentations and speeches -- not leadership talks.

You have a great opportunity to turbo charge your career by recognizing the power of Leadership Talks. Before you give a Leadership Talk, ask three basic questions. Do you know what the people need? Can you bring deep belief to what you're saying? Can you have the people take the right action?

If you say "no" to any one of those questions you cannot give a Leadership Talk. But the questions aren't meant to be stumbling blocks to your leadership but stepping stones. If you answer "no", work on the questions until you can say, "yes". In that way, you'll start getting the right results in the right way on a consistent basis.

The changing global marketplace can force you to confront a world of differences in cultures, time zones, and currencies; but one thing will always remain the same, the need for great leadership to drive great results. When you use the Leadership Talk consistently in your dealings around the world, you'll be putting into circulation the real gold standard that is recognized and valued everywhere.

PERMISSION TO REPUBLISH: This article may be republished in newsletters and on web sites provided attribution is provided to the author, and it appears with the included copyright, resource box and live web site link. Email notice of intent to publish is appreciated but not required: mail to: brent@actionleadership.com

by: Brent Filson

Things To Do Before Investing Into A High Yield Investment Program

2008-08-13T00:23:00.001+07:00

We have compiled a short list of some of the things you can do before investing into a program to make sure you get the most for your money:

#1 - Search all HYIP forums for the name of the HYIP. Check for people spamming about the program, as this usually is a sign of a short lived scam. Look for people's opinions. Often those who have been investing in HYIPs for some time are the ones with the best insite. Most importantly, look for complaints of people who have not been paid.

#2 - Do a search on google. Copy small parts (1-2 sentences) of the text from both the hompage and the page with information on how they make their returns. Paste it into the google search bar with quotes around it, and see if anything comes up. A good amount of the time, google will return results that are an exact match, usually a professional traders website. Also, do the same thing with any images of people that are shown to look as though they are the admin of the program. Simply get the name of the file that the image is uploaded as by viewing the properties of it. Then paste this into the google image search. You will be amazed that a lot of the time you will see that the image is a direct copy from another site. This proves that the admin is lying.

#3 - Email the admin. Ask some good questions such as, where are you located, how long have you been around, and how do you make your returns. The common answers you will receive are United States, 2 Years, and Forex trading. Usually if these are the answers the admin is lying to you. about 75% of all new HYIPs claim that they have been paying members offline for over a year. 99.9999% of the time this is a lie. If an investing firm is able to deal with members offline for 2 years, there usually is no need to go online with their business.

#4 - Look at the main HYIP rating sites. If it looks like a program has been cheating the ratings by voting for themselves, or it looks like they may have hired a paid voter, then stay away. You can usually tell if a program is cheating by trying to look at what else each member has voted for. Also check the voters IP, maybe the cheaters were not careful and didn't use a proxy

All in all, if you follow these 4 steps you will likely be saving yourself a descent amount of money in the long run. HYIPs are extremely risky, and these steps alone do not guarantee success. They only improve your chances of walking away with profits.

by: Brian Kay

Explosive Profits: 7 Reasons to Trade Forex

2008-08-13T00:22:00.004+07:00

There are many money-making opportunities out there and we’ve been involved with quite a few, namely property marketing, web development, residential construction security, multi-level marketing businesses etc.

We’ve come to a few conclusions with the help of some well-known properity coaches.

Often people with the income they desire don’t have the time to enjoy it. Those that have time don’t often have money. You don’t have to sacrifice your life-style to earn an above-average income. If you focus on the Forex for a few months you can make that dream a reality and create time and money to do what you REALLY want.

To earn a living money is given in exchange for a product or service rendered. It needs to be sold continuously otherwise your income stops abruptly unless it’s a repeat type of product or service.

Money is a medium of exchange. There’s no magical formula to possess it, you need to exchange something of value for it.

What if, you could have access to thousands of customers who are ready, willing and able to buy from you whenever you wanted? Wouldn’t it be great to avoid any hassles like money collection problems (just had a delayed payment from my web business), keeping difficult customers happy (we all know what that’s like), competition stealing your business without providing the same value etc.

All that is possible with Forex. You can also trade from anywhere. Take your laptop with you, find an internet connection and away you go.

Another advantage is that you don’t need experience to get started. Get a traditionally job involves accumulating specialized experience, having a well-polished resume and having the right contacts. With the right training course, you can get started straight away.

Here’s 7 more reasons to trade Forex:

1. It never closes. It’s open around the clock, worldwide. Trading positions open at Monday 7am, New Zealand time and close 5pm New York time on Friday. During this time, you can enter or exit the market whenever you like. It’s a continuous electronic currency exchange. This is great because you can trade whenever you have spare time.

2. Leverage. Standard $100 000 currency lots can be traded with as little as $1000. This is mainly because of the ease with which you can buy and sell, some brokers will leverage up to 200 times, so with $100 you can control a 200 000 unit currency position. It’s the best use of trading capital around, even banks lending on property investments don’t come close.

3. Accurately predict the outcomes. Currency prices generally repeat themselves in predictable cycles so you can see what the trends are. ‘Technical Analysis’ helps to see these trends and profit from them.

4. Low Transaction Cost. In other words, you mistakes won’t cost you a fortune. Good brokers won’ charge commissions to trade or maintain an account even if you have a mini account and trade small volumes.

5. Unlimited Earning Potential. Forex has a daily trading volume of over 1.5 trillion, the largest financial market in the world. It dwarfs the equities market (50 billion daily) and the futures market (30 billion).

6. You can make money in any market conditions. Each market is one currency against another, so when you buy in one, you’re selling in another so there’s no biase towards either currency moving up or down. This means it’s up to you to choose which currency to buy or sell with. Yu can make money going up or down.

7. Market transparency. This is an advantage in any business or trading environment. It means you can manage risk and execute orders within seconds. It’s highly efficient and allows you to avoid unexpected ‘surprises’.

I hope you’re now convinced that Forex is the best investment and income opportunity around.

To continue your journey of Forex Trading success and achieve enormous profits, visit http://www.wealthyforex.com. You’ll receive all of the resources you need to positively impact your future.

by: Sorna Devadas

Forex Market Offers Opportunity And Information

2008-08-13T00:22:00.003+07:00

The forex market is what is called an international exchange currency market, where currencies are exchanged on a daily basis. There are five forex market centers around the world – New York, London, Tokyo, Frankfurt and Zurich. One does not need to be on the trading floor, so to speak to be involved in the forex market. Today, forex trading can be done from home on a computer.

The forex market itself is basically a worldwide connection of traders, who make investment moves based on the price of currencies, or their values relative to other currencies. These traders constantly negotiate prices with other traders resulting in the fluctuation or movement of a currency’s value. The value of a currency on the forex market also corresponds with supply. If there is greater demand for the Euro, let’s say, then there will be less supply of it on the forex market, which means, in time, it will make a Euro more valuable compared to let’s say the dollar. In short, in this forex market situation, one Euro would yield more dollars, subsequently weakening the dollar as well. Analyzing the forex market’s fluctuations allows investors to make predictions on how a currency will move in relation to another currency. They then can make predictions and buy and sell currency accordingly.

While some people view the forex market as a place to see what their exchange rate will be when they travel abroad, others view it as an opportunity to make great gains in their financial planning and future.

by: Jay Moncliff

What is the Foreign Exchange?

2008-08-13T00:22:00.001+07:00

Foreign Exchange is the simultaneous buying of one currency and selling of another. The off exchange retail foreign currency market ( FOREX ) is the largest financial market in the world, with a volume of over $1.9 trillion daily. Unlike other financial markets, the Forex market has no physical location, no central exchange.

It operates through an electronic network of banks, corporations and individuals trading one currency for another, spanning from one zone to another across the major financial centers. Traditionally, investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes.

Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. High liquidity - The Forex market with an average trading volume of over $1.9 trillion per day. It is the most liquid market in the world.

Low transaction cost - The retail transaction cost (the bid/ask spread) is typically less than 0.1% (10 pips or points) under normal market conditions. At larger dealers, the spread could be smaller. Uncorrelated to the stock market - A trader in the Forex market involves selling or buying one currency against another.

Thus, there is no correlation between the foreign currency market and the stock market. Bull market or a bear market for a currency is defined in terms of the outlook for its relative value against other currencies. If the outlook is positive, we have a bull market in which a trader profits by buying the currency against other currencies.

Conversely, if the outlook is pessimistic, we have a bull market for other currencies and traders take profits by selling the currency against other currencies. In either case, there is always a good market trading opportunity for a trader. Inter-bank market - The backbone of the Forex market consists of a global network of dealers.

They are mainly major commercial banks that communicate and trade with one another and with their clients through electronic networks and telephones. There are no organized exchanges to serves a central location to facilitate transactions the way the New York Stock Exchange serves the equity markets. The Forex market operates in a manner similar to the way the NASDAQ market in the United States operates, thus it is also referred to as an over the counter ( OTC ) market.

No one can corner the market - The Forex market is so vast and has so many participants that no single entity, not even a central bank, can control the market price for an extended period of time. Even interventions by mighty central banks are becoming increasingly ineffectual and short lived. Thus central banks are becoming less and less inclined to intervene to manipulate market prices.

Copyright (c) 2007 Mark Molina

You Never Know What You Will Benefit From In Forex Forecasts

2008-08-13T00:21:00.003+07:00

Possible risks and profits to be made can always be predicted if traders would only have more accurate forex forecast to base their trade and decisions upon. Forex forecasts are only one way of keeping up with the volatile forex market. Success will depend the most in knowing what and who will affect the rate changes.

The forex market has already been through a lot of ups and downs that even fortune tellers would have difficulty guessing what will be its next movement. Making a forex forecast can be helpful but can also be too risky. Besides, doing it is not that easy also.

In forex forecasts, nothing specific is given. The traders are not made to hope high and expect more. If you have seen or heard a forex forecast, be sure to check on some projected rate fluctuations whenever and wherever possible so you would have an idea it the forex forecast shows a likely possibility to be tru or not.

Staying in touch and up-to-date with the latest news and happenings around the globe and information about the forex currency can help traders determine when is the best time to buy, sell and stay away from a particular market. All these things are important in the performance of your trade. Take note of some forex forecasts if only to serve as guide whenever you are in a situation that you find hard to make a decision upon.

How can one benefit from forex forecasts?

There are some companies that are offering forex forecast information as a subscription that traders can avail of. For those who do not have enough patience and browse for information in the internet, this forex forecast information would be their alternative.

No one said that there is a 100% accuracy in these forex forecasts. And no one told traders that they should also believe them 100%. If you want to have more degree of accuracy in the forex forecast, you could always find one with the most accurate percentage rate.

You could look for something or someone that offers free information or a trail period for you to test the degree of their ability to give accurate forecast about the forex market. There are also some sites that send out forex forecast to emails that you may want to try out just so you will choice to choose from if you decide to avail the services of some of them.

Relying only on one forex forecast is not the thing to do. You should at least have some more choices in the process of making an investment decision. Try to get more forex forecast from sources that are rampant online and offline so you would not stick to just one.

The thing to remember is that your investments are your future and you have already worked too hard to just let it all down the drain. Do not put the future of your forex trade into the hands of only person. Try to get several forex forecast and choose the best one that you think has great ounces of accuracy up their sleeves.

Before putting the future of your investments into the hands of those offering forex forecasts, make it a point to check out the latest that is happening in the forex trading and see if the trend is likely to go with what the predictions are telling about.

If you think more about it, people doing forex forecasts would not be out there giving bad frecasts because their reputation is the one at stake there. They surely would not want to ruin the image they have by giving false predictions about things that they know people will listen to, would they?

Like they say, traders should not believe all that is written in forex forecasts. Some but not all. There are still decisions to be made that will be based upon the trader itself and no amount or accuracy of forex forecasts can make that decision for them.

Just to be on the right side of things, always make sure and do your own research that will back up the forex forecast you actually think is going to work. You never know what it will lead to…

by: Kevin Anderson

Futures Versus Forex (Foreign Exchange Market)

2008-08-13T00:21:00.001+07:00

Todays current futures market is quite unlike the futures of the 19th century. Todays future market is a worldwide one that includes manufactured goods, financial currencies and treasury bonds, and agricultural products.

When you speculate on futures it is not the actual good that is speculated upon rather it is the contract for the goods that is traded as value. Every futures contract includes a buyer and a seller. The following is an example of a futures speculation: A farmer agrees to deliver 1000 bushels of corn to a baker at a price of $5.00 a bushel. If the daily price of corn futures falls to $4.00 a bushel, the farmer's account is credited with $1000 ($5.00 - $4.00 X 1000 bushels) and the baker's account is debited by the same amount. Futures accounts are settled every day.

Using the above as an example this is how the contract settlement would play out: If the price of corn futures is still at $4.00 the farmer will have made $1000 on the futures contract and the baker will have lost an equal amount. However, the baker can now purchase corn on the open market at $4.00 a bushel - $1000 less than the original contract, so the amount he lost on the futures contract is made up by the cheaper cost of corn. Also, the farmer must sell his corn on the open market for $4.00 a bushel, less than what he anticipated when entering the futures contract, but the profit generated by the futures contract makes up the difference.

Speculators profit by daily fluctuations in the futures market by choosing to buy from the seller (buying short) or from the buyer (buying long).

The FOREX market has advantages over the futures market. FOREX is the largest financial market in the world. It is a liquid market and stop orders can be executed more easily and with less slippage than in other markets. The FOREX market is open 5 days a week, 24 hours a day. Traders can take advantages of opportunities as they become available. FOREX transactions are usually instantly executed. FOREX transactions are commission free. Brokers earn money on the spread.

Some investors feel that due to built in safeguards that FOREX trading is safer than futures trading.

by: Jeff Slokum

Transform Your Office Into A Powerhouse Of Success

2008-08-13T00:20:00.001+07:00

Did you know that the area that you call your 'office' is a direct reflection of you? If your environment is clean and uncluttered it projects that the person who works there is calm and has everything under control. Consequently if it looks like the local rubbish tip then the impression others get is that this person is disorganised, and a complete mess.

Now before any of you get upset with these assumptions, I'm just stating the fact that the way you have set up your office will greatly affect how other people perceive you.

Of course, clutter is not the only area to address if you want to project a professional image, however it plays a bit part. There are several easy to implement ideas which will have a dramatic impact on your productivity, providing you take action.

If you seriously would like to turn your office into a powerhouse of success, then take action on these tips from Feng Shui guru Debra Jarvis…

The First Step

Move everything out of the area designated as the office, especially what's stored in cupboards and up on shelves. There is no place to hide from Feng Shui eyes. Bring back in only those items that are relevant. Evaluate the other stuff, do you love it, is it useful? If not get rid of it (sell, dump or give it away).

Everything in its Place

It is important that all items have a designated place to which they are returned after use. Put things used frequently in the most accessible spots. Time spent working is much more pleasant when we can easily locate and access items when required.

Set up Your Power Position

Place yourself in the power position. This is the position where you have a view of every entryway. Where you have a choice of places or directions, put your office chair in each position and sit quietly for a few minutes getting an idea of what it would be like to spend time there. The one that immediately feels right is your power position. When you set yourself up in the power position you have control in the space, your self-esteem will go up and you accomplish more. Try it for 28 days and if you don't find any benefits (including increased business) then change the position.

Clean and Clear Clutter

Maintain a clear desktop. Paperwork is relentless in its onslaught. Deal with it immediately, use TRAF (Toss, Refer, Act or File). Creating a pile to deal with later creates clutter and clutter is bad Feng Shui.

Remove Obstacles

Make your office area inviting to come into. In Feng Shui it is considered that opportunity flows to us in direct proportion to the ease of entry and the welcome that is experienced in our workplaces. This applies even when we are the only ones who ever go there. Only have items that you personally care for. Feng Shui tells us that everything is alive with memories, feelings and associations. What are the objects in your office saying to you? Question their origin, did you come by it because that's all you could find at the time, are you still in a good relationship with the person who gave it to you, would something else be more suitable?

Condition Audit

Does everything in your office work and is everything kept in optimal condition? In Feng Shui it is very important that we either attend to the repair of items immediately or where we are not prepared to do this we discard them. An item that is less than ideal is said to begin negatively impacting after 28 days.

Lighting

Use natural light as much as possible. Use incandescent electric lighting in preference to fluorescent. It is less tiring to work under especially if you are also operating a computer. Harsh white light is not optimal for working under. If you have to use fluorescent use full-spectrum (daylight) bulbs and experiment with only utilising half as many ie: where there is a double fitting only install one bulb.

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Plants

Plants absorb potentially harmful gases and clean the air. During the day they take the air we breathe out and recycle it. You can use plants in your office to improve the quality of the air to make it a more pleasant place to work. When people feel good, they perform better. It is important that the plants are well cared for and that they remain healthy and vibrant.

Water

Water features are another wonderful Feng Shui enhancement. As water symbolises opportunity and abundance, ensure that water is not stagnant and, if flowing, the fall is a full 360 degrees or towards the centre of the occupied space.

Debra can be contacted at Feng Shui Miracles, (07) 3367 0162 or e-mail: fengshui@powerup.com.au

The Final Word

It makes sense doesn't it? When you have an uplifting environment to work in, you feel good, you look good and you're more productive. Think about this…how many hours a week are you in your office? Probably more hours than you spend at home. All you need to do now is take action!

It's worth the effort to make some simple yet very effective changes so that you can powerup your worklife. All you need to do now is take action!

by: Lorraine Pirihi

Things Do Not Change. We Do.

2008-08-13T00:19:00.000+07:00

We live in a world of constant change, and even though the vast majority of these changes are for the better, change is still something that many people – and therefore many organisations – can find extremely difficult to deal with. Why is this, and what can be done to help people embrace change rather than fearing it?

The nature of change

Change is all around us. Changes can be small or large, but the overall impression they create is of a world that is in a constant state of flux. Change may be welcome, but for many of us, the reaction to certain changes will be one of automatic resistance, which in turn often results in stress.

To accept change is akin to getting used to a new pair of shoes. The new shoes may be more waterproof, more hardwearing and better looking than our old ones, but they will almost certainly not be more comfortable until they are worn in. The amazing thing is that (assuming they are the right size and they fit properly) we often cannot envisage how or why we were so reluctant to put them on in the first place.

By definition, going forward involves some change, in order to keep on course. An organisation is either continually improving or it is failing, because no successful organisation can afford to simply ‘stand still’. This is why it’s so important that employees are given all the tools they need to help them embrace change and new ways of working – i.e. to feel comfortable in their ‘new shoes’.

Why is change so difficult to handle?

People are programmed into a pattern of behaviour with which they feel safe (their ‘comfort zone’). Change can threaten this feeling of safety, and people can feel disempowered by change - particularly if it is imposed on them or challenges their accepted thinking. It is therefore vital for people to understand clearly why imposed changes are necessary, and how those changes will impact them, their position, their responsibilities, and possibly their remuneration and future prospects.

One reason that staff may resist change is if they don’t think they will be comfortable in the new job environment or able to meet the new standards etc. If a change, particularly a fundamental change, is imposed within a company, a proportion of the staff affected will be bound to be dissatisfied. It is important to listen to their concerns and not to dismiss them out of hand – some of their worries may be valid and it is important for management to acknowledge this.

How to make change work

If your organisation is contemplating a major change, you can help to facilitate this by taking account of the following:

• Think through the change and what is required of the personnel affected, in detail, so that a clear plan of implementation is available. Be aware that some retraining may be necessary and have a plan of action ready to implement this.

• Staff will respond best if they feel involved in the decision-making. Maybe they cannot be involved in all the major decisions, but their implementation will involve a number of smaller steps and they can almost certainly be involved somewhere (and add value by bringing in their experience).

• Everyone copes better with change if they feel at least in partial control of it. It is the feeling of being out of control that can be frightening to most of us. So involve your staff, as far as possible, in their own areas of the change. Perhaps set up an implementation team involving a member of staff from within each department and reporting up to - and down from -management.

• Keep everyone informed as far as is possible of timetables and details. The imagination and concerns of staff can run riot when they are kept in the dark, particularly if they are anxious about the change. Regular meetings are essential and even if time is short, don’t abandon them. Make sure that the planned changes are clearly understood at all levels.

• Don’t give in to the temptation to impose changes without consultation. Unless you can persuade your staff to buy into the change by means of the steps above, they may leave or become de-motivated, neither of which will benefit the company. Similarly, a culture of fear (where staff are actively discouraged from conveying concerns or showing vulnerability) is counterproductive.

• Everyone works better where they can see the benefit for themselves. So take time to think through not just the overall plan of the change, but how it will affect and benefit individuals, then ‘sell’ these benefits to those affected. Don’t oversell them though, as staff will subsequently disbelieve anything you say. It is far better to be honest and admit that some things still need to be worked through, as this will help to build up trust with your employees.

• People need to feel they have some input to enable them to overcome their fears and anxieties. If you encourage them through this stage, they can become great advocates for the change and will work with you instead of automatically resisting.

• Accept that everyone’s capacity for change is different and some will respond quicker or more easily than others.

• Try to break the change down into manageable parts so that the overall change does not seem too overwhelming. Consider running a pilot operation to smooth out the glitches and allow input from users.

• Once the change has been implemented, don’t allow any return to the old ways or allow this as an option.

Preparing your organisation for change

Because change is so much a part of everyday life, your employees will benefit greatly from initiatives that make them more resilient. At its most simple, this means helping your employees maintain a healthy mind, healthy body and the positive mental attitude needed to approach change as a challenge and opportunity for improvement.

We all know that eating healthily, exercising and not being overweight are important, and we also know exactly how to achieve this (whether we do it or not!). To have a positive mental attitude may prove more difficult, and many of us are totally unaware of how to build our inner strength, with the consequence that when there is a problem, obstacle or required change, our internal capacity is not always sufficient and sometimes our mental manoeuvrability is too slow.

So how do you build inner resistance and strength? How can you prepare yourself for the challenges and adversities you will come across in the months and years ahead? One thing is certain, and that is that if you are not sufficiently resilient, your inflexibility will mean that eventually you will become an obstacle and instead of asking for your co-operation, colleagues will simply ignore you or go around you. We all know that the only way a skyscraper or any very tall structure can remain upright is for it to possess an inherent ability to move - albeit ever so slightly - with the prevailing wind and rain. We have to do the same, by learning to work with the forces we meet, moving and giving a little when the conditions demand it.

‘It’s not what happens to you, it’s what you do about it’

The greatest challenge of all, in terms of change, is how to deal with adversity. I met W Mitchell, the US TV host, author and professional speaker, who lives and breathes his ethos that ‘It’s not what happens to you, it’s what you do about it’. Here is a man who has overcome two life-threatening traumatic accidents that left him severely burned, without hands and paralysed. He has had to survive numerous operations and extensive plastic surgery, but talks to audiences from his wheelchair as if he were a tank commander addressing his troops. He has a quiet confidence and a measured delivery that possess an almost magnetic quality … you cannot help but listen to his every word.

W Mitchell has overcome so many adversities in his life, and has come out the other side with strength and determination. ‘Before I was paralysed there were 10,000 things I could do. Now there are 9,000. I can either dwell on the 1,000 I've lost or focus on the 9,000 I have left,’ he says.

There is no doubt that the traumas W Mitchell has gone through have changed him as a person. His life script was not one that he planned and yet he takes on each challenge with an acceptance and gritty determination. His life experience makes him into the person he has become, his message is forceful and memorable, and he is a success story that we could all do well to try to emulate.

How we could all benefit from such inner strength and such a positive outlook!

About The Author

Carole Spiers combines three roles of broadcaster, journalist and corporate manager in the challenging field of stress management and employee wellbeing.

With 20 years as a top industry guru on stress management and wellbeing, Carole’s energy and dynamism extends to providing professional comment to media including television (BBC, ITV, Sky, NBC, CNN), print (Sunday Times, Daily Telegraph, trade and professional journals) and countless radio interviews.

A successful entrepreneur herself, Carole is the founder and MD of the Carole Spiers Group – a dynamic, niche consultancy, and the UK’s No. 1 provider of Stress Management and Employee Wellbeing from the shop floor to the Boardroom

A former Chairperson of the International Stress Management AssociationUK, Carole was instrumental in establishing National Stress Awareness Day™. Carole acts as an Expert Witness on Stress Risk Assessment before the Courts, and is the author of Tolley’s ‘Managing Stress in the Workplace’.

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For more information on CSG’S services, including in-house and public training, stress policy, stress audit, risk assessment, attendance management, rehabilitation support, post trauma support, mediation, impartial investigations, expert witness, nationwide employee counselling team, coaching and mentoring services, please contact us:

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Tel: +44(0) 20 8954 1593 Fax: +44(0) 20 8907 9290
Email: info@carolespiersgroup.com www.carolespiersgroup.com

If you would like to book Carole as a keynote speaker or conference chair at your next conference - check out www.carolespiersgroup.com/mediaenquirysheet.php

by: Carole Spiers

Credit And Debt Management

2008-08-13T00:18:00.003+07:00

Today's consumers benefit drastically from the usefulness of credit. Credit cards are especially useful for large purchases, emergency situations, reservations, identification, and protection from fraud. Unfortunately, millions of consumers abuse credit cards beyond their financial earnings. The use of credit results in costly interest payments and late fees, impulse buying, overextended lifestyles, and the unnecessary stress from harassing telephone calls from collectors.

Do You Think You Might Have a Problem with Debt?

Below is a list that will help determine whether you are a single mother debt problems.

Over the Limit Credit Card Spending

If all of your credit card balances are greater than 80 percent of your credit limits, you should consider this a danger signal to debt.

Too Many Cards/Too Much Debt

If you can't pay off your combined credit card debt within one year, you should consider this a serious issue.

Out of Money

Many people use credit for small purchases such as food and gas. If you previously paid cash for these or other small items, but are now using credit, not debit or cash, it could be a sign that there is a problem.

High Debt-to-Income Ratio

Your debt-to-income ratio measures the amount of debt you have against the amount of income you are making. You can calculate this ratio by dividing your total monthly debt payment (excluding mortgage/rent) by your total monthly gross income (before taxes). If your debt-to-income ratio is close to or over 20 percent, this is a sign that you may have a debt problem.

Emergencies

Crises and emergency situations do occur, and sometimes people are unable to afford such things such as emergency auto repairs or medical expenses because their credit cards are tapped or the majority of their earnings are put towards debt repayments. It's always important to keep an open line of credit available for such situations.

Minimum Payments

What many people don't realize about revolving credit card bills is that making only the minimum payment can take 12 to 15 years to repay. You are not applying any significant amount toward the principal if you are only making minimum payments concluding that you may be overextended and in need of putting together a spending plan.

Using Your Credit to Make Payments on Other Cards

Taking cash advances to pay bills is not a solution for paying off debts. If you are paying one credit card with another you are actually creating more debt. You will also be faced with any cash advance fees and interest from that new line of credit.

Balance Transfers

Many creditors offer new credit cards with balance transfers available at low interest rates for only a limited introductory period. It's important to remember, though, that after the introductory period the interest rate usually skyrockets up to 19 percent or more. As well, a growing number of credit cards are associating fees with transferring balances.

Skipping Payments

If you are late with getting payments in such as your mortgage, rent, car loan, or utility bills more than once per year and are juggling bills and skipping payments, this is a definite sign that you have a debt problem.

Borrowing Money

If you are borrowing money from family and friends and unable to pay them back while struggling to pay your bills, credit counseling can teach you how to budget or advise you to go on a plan for paying off your debts.

Debt Consolidation Loans

Are you borrowing from a new source to pay off an old debt? Many people who do so obtain debt consolidation loans to pay off all their existing bills. However, once the bills are paid off, some people wind up charging on their credit cards again. This means having to pay back the loan plus the new credit card charges, which ends up driving people into further debt. Learn more about debt consolidation at Incharge.

Unsure of the Amount Owed

If you have no idea how much debt you owe on a monthly basis and keep using credit cards, your financial spending might be slipping out of your control. If you noticed that you were nodding your head up and down as you read through the list of debt problems you could be on your way to a serious problem with your finances. What to do about it as a single mother comes next.

Help for Single Mother if in Debt

If you're ready to tackle your own debt pile, here's what you need to do:

Get to know your debt

Study everything relevant about your debt such as your account balances, the interest rates, if the interest is deductible, how and when those rates can change and find out if you'll face any kind of penalties for paying an account early. If youÕre not sure call your lender and ask.

Prioritize your debt

Divide your debts into two piles

by: Kelly Kennedy

Forex Made Easy for Everyone

2008-08-13T00:18:00.001+07:00

Forex made easy is as simple as you would want it to be. The foreign exchange market is a worldwide market and according to some estimates is almost as big as thirty times the turnover of the US Equity markets. That is some figure to chew on. Forex is the commonly used term for foreign exchange. As a person who wants to invest in the forex market, one should understand the basics of how this currency market operates. Forex can be made easier for beginners to understand it and here's how.

Foreign exchange is the buying and the selling of foreign exchange in pairs of currencies. For example you buy US dollars and sell UK Sterling pounds or you sell German Marks and buy Japanese Yen. Why are currencies bought or sold? The answer is simple; Governments and Companies need foreign exchange for their purchase and payments for various commodities and services. This trade constitutes about 5% of all currency transactions, however the other 95% currency transactions are done for speculation and trade. In fact many companies will buy foreign currency when it is being traded at a lower rate to protect their financial investments. Another thing about foreign exchange market is that the rates are varying continuously and on daily basis. Therefore investors and financial managers track the forex rates and the forex market it on a daily basis.

Those who are involved in the forex trade know that almost 85% of the trading is done in only US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. This is because they are the most liquid of foreign currencies (can be easily bought and sold. In fact the US Dollar is most recognizable foreign currency even in countries like Afghanistan, Iraq, Vietnam etc).

Being a truly 24/7 market, the currency trading markets opens in the financial centers of Sydney, Tokyo, London and New York in that sequence. Investors and speculators alike respond to the ever-changing situations and can buy and sell simultaneously the currencies. In fact many operate in two or more currency market using arbitrage to gain profits (buying in one market and selling in another market or vice versa to take advantage of the prices and book profits).

While dealing in forex, one should have a margin account. Quite simply put if you have US$ 1,000 and have a forex margin account which leverages 100:1 then you can buy US$ 100,000 since you only need 1% of the US$100,000 or US$1,000. Therefore it means that with margin account you have US$ 100,000 worth of real purchasing power in your hand.

Since the foreign currency market is fluctuating on a continuous basis, one should be able to understand the factors that affect this currency market. This is done through Technical Analysis and Fundamental Analysis. These two tools of trade are used in a variety of other markets such as equity markets, stock markets, mutual funds markets etc. Technical Analysis refers to reading, summarizing and analyzing data based on the data that is generated by the market. While fundamental Analysis refers to the factors, which influence the market economy, and in turn how it would affect the currency trading. Of course there are other economic and non economic factors which can suddenly affect the trading of the forex markets such as the 9/11 tragedy etc. One needs to have a shrewd acumen and a few number crunching abilities to strike gold in the forex market.

by: Brian Kolewe

HYIP Owner Does Not Want You To Read This Easy Tactics

2008-08-13T00:17:00.001+07:00

HYIPs bring me $8289.68 in this month. How did I get this money without work? Answer is simple: I followed my golden rules of HYIP investing. I have compiled a short list of some of the things you can do before investing into a program to make sure you get the most for your money:

#1 - Look at the main HYIP monitoring sites such as theHYIPs.net Main aspect that you should check it is status of program. If program has status PROBLEM most likely this HYIP will be closed in next 2 days. Look at votes and comments. If it looks like a program has been cheating the ratings by voting for themselves, or it looks like they may have hired a paid voter, then stay away. Check the voters IP, maybe the cheaters were not careful and didn't use a proxy

#2 - Search all HYIP forums for the name of the HYIP. Maybe, somebody created topic about program which you want. . Look for people's opinions. Often those who have been investing in HYIPs for some time are the ones with the best insite. If you see that somebody are spamming it is sign of short HYIP. Most importantly, look for complaints of people who have not been paid.

#3 - Do a search on google. Copy small parts (1-2 sentences) of the text from both the homepage and the page with information on how they make their returns. Paste it into the google search bar with quotes around it, and see if anything comes up. A good amount of the time, google will return results that are an exact match, usually a professional traders website. Also, do the same thing with any images of people that are shown to look as though they are the admin of the program. Simply get the name of the file that the image is uploaded as by viewing the properties of it. Then paste this into the google image search. You will be amazed that a lot of the time you will see that the image is a direct copy from another site. This proves that the admin is lying.

#4 Ask the Admin for as much personal information as possible. Also, check out all the information he/she provides. If he/she gives a phone number, then give them a call. If an address is given, then check it out for authenticity by looking at online phonebooks, and other databases. The more information that is available, the less likely it is that the admin will take the chance of scamming hundreds of people out of their investments. It makes sense to email the admin and ask some questions such as: where are you located, how long have you been around, and how do you make your returns. Then compare this information with found one. The common answers you will receive are United States, 2 Years, and Forex trading. Usually if these are the answers the admin is lying to you. About 75% of all new HYIPs claim that they have been paying members offline for over a year. 99.9999% of the time this is a lie. If an investing firm is able to deal with members offline for 2 years, there usually is no need to go online with their business.

All in all, if you follow these steps you will likely be saving yourself a descent amount of money in the long run. They improve your chances of walking away with profits. This tips are not complete list. Full one of golden HYIP rules collected on http://thehyips.net/lessons/.

by: David Vagner

History of Previous European Currency Unions

2008-08-13T00:16:00.000+07:00

The Euro feels like a novelty - but it is not. It was preceded by quite a few Monetary Unions in Europe and outside it.

To start with, countries such as the USA and the USSR are (or were in the latter's case) monetary unions. A single currency was or is used over enormous land masses incorporating previously distinct political, social and economic entities. The American constitution, for instance, did not provide for the existence of a central bank. Founding fathers, the likes of Madison and Jefferson, objected to its existence. A central monetary institution was established only in 1791 (modelled after the Bank of England). But Madison (as President) let its concession expire in 1811. It was revived in 1816 - only to die again. It took a civil war to lead to a budding monetary union. Bank regulation and supervision were instituted only in 1863 and a distinction was made between national and state-level banks.

By that time, 1562 private banks were printing and issuing notes, some of them not a legal tender. In 1800 there were only 25. The same thing happened in the principalities which were later to constitute Germany: 25 private banks were established only between 1847 and 1857 with the express intention of printing banknotes to circulate as legal tender. In 1816 - 70 different types of currency (mostly foreign) were being used in the Rhineland alone.

A tidal wave of banking crises in 1908 led to the formation of the Federal Reserve System and 52 years were to elapse until the full monopoly of money issuance was retained by it.

What is a monetary union? Is it sufficient to have a single currency with free and guaranteed convertibility?

Two additional conditions apply: that the exchange rate be effective (realistic and, thus, not susceptible to speculative attacks) and that the members of the union adhere to one monetary policy.

Actually, history shows that the condition of a single currency, though preferable, is not a sine qua non. A union could incorporate “several currencies, fully and permanently convertible into one another at irrevocably fixed exchange rates” which is really like having a single currency with various denominations, each printed by another member of the Union. What seems to be more important is the relationship (as expressed through the exchange rate) between the Union and other economic players. The currency of the Union must be convertible to other currencies at a given (could be fluctuating - but always one) exchange rate determined by a uniform exchange rate policy. This must apply all over the territory of the single currency - otherwise, arbitrageurs will buy it in one place and sell it in another and exchange controls would have to be imposed, eliminating free convertibility and inducing panic.

This is not a theoretical - and thus unnecessary - debate. ALL monetary unions in the past failed because they allowed their currency or currencies to to be exchanged (against outside currencies) at varying rates, depending on where it was converted (in which part of the monetary union).

“Before long, all Europe, save England, will have one money”. This was written by William Bagehot, the Editor of The Economist, the renowned British magazine. Yet, it was written 120 years ago when Britain, even then, was debating whether to adopt a single European Currency.

Joining a monetary union means giving up independent monetary policy and, with it, a sizeable slice of national sovereignty. The member country can no longer control its the money supply, its inflation or interest rates, or its foreign exchange rates. Monetary policy is transferred to a central monetary authority (European Central Bank). A common currency is a transmission mechanism of economic signals (information) and expectations, often through the monetary policy. In a monetary union, fiscal profligacy of a few members, for example, often leads to the need to raise interest rates in order to pre-empt inflationary pressures. This need arises precisely because these countries share a common currency. In other words, the effects of one member's fiscal decisions are communicated to other members (through the monetary policy) because they share one currency. The currency is the medium of exchange of information regarding the present and future health of the economies involved.

Monetary unions which did not follow this course are no longer with us.

Monetary unions, as we said, are no novelty. People felt the need to create a uniform medium of exchange as early as the times of Ancient Greece and Medieval Europe. However, those early monetary unions did not bear the hallmarks of modern day unions: they did not have a central monetary authority or monetary policy, for instance.

The first truly modern example would be the monetary union of Colonial New England.

The New England colonies (Connecticut, Massachusetts Bay, New Hampshire and Rhode Island) accepted each other’s paper money as legal tender until 1750. These notes were even accepted as tax payments by the governments of the colonies. Massachusetts was a dominant economy and sustained this arrangement for almost a century. It was envy that ended this very successful arrangement: the other colonies began to print their own notes outside the realm of the union. Massachusetts bought back (redeemed) all its paper money in 1751, paying for it in silver. It instituted a mono-metalic (silver) standard and ceased to accept the paper money of the other three colonies.

The second, more important, experiment was the Latin Monetary Union. It was a purely French contraption, intended to further, cement, and augment its political prowess and monetary clout. Belgium adopted the French Franc when it attained independence in 1830. It was only natural that France and Belgium (together with Switzerland) should encourage others to join them in 1848. Italy followed in 1861 and the last ones were Greece and Bulgaria (!) in 1867. Together they formed the bimetallic currency union known as the Latin Monetary Union (LMU).

The LMU seriously flirted with Austria and Spain. The Foundation Treaty was officially signed only on 23/12/1865 in Paris.

The rules of this Union were somewhat peculiar and, in some respects, seemed to defy conventional economic wisdom.

Unofficially, the French influence extended to 18 countries which adopted the Gold Franc as their monetary basis. Four of them agreed on a gold to silver conversion rate and minted gold coins which were legal tender in all of them. They voluntarily accepted a money supply limitation which forbade them to print more than 6 Franc coins per capita (the four were: France, Belgium, Italy and Switzerland).

Officially (and really) a gold standard developed throughout Europe and included coin issuers such as Germany and the United Kingdom). Still, in the Latin Monetary Union, the quantities of gold and silver Union coins that member countries could mint was unlimited. Regardless of the quantities minted, the coins were legal tender across the Union. Smaller denomination (token) silver coins, minted in limited quantity, were legal tender only in the issuing country.

There was no single currency like the Euro. Countries maintained their national currencies (coins), but these were at parity with each other. An exchange commission of 1.25 % was charged to convert them. The tokens had a lower silver content than the Union coins.

Governmental and municipal offices were required to accept up to 100 Francs of tokens (even though they were not convertible and had a lower intrinsic value) in a single transaction. This loophole led to mass arbitrage: converting low metal content coins to buy high metal content ones.

The Union had no money supply policy or management. It was left to the market to determine how much money will be in circulation. The central banks pledged the free conversion of gold and silver to coins. But, this pledge meant that the Central Banks of the participating countries were forced to maintain a fixed ratio of exchange between the two metals (15 to 1, at the time) ignoring the prices fixed daily in the world markets.

The LMU was too negligible to influence the world prices of these two metals. The result was overvalued silver, export of silver from one member to another using ingenious and ever more devious ways of circumventing the rules of the Union. There was no choice but to suspend silver convertibility and thus acknowledge a de facto gold standard. Silver coins and tokens remained legal tender.

This became a major problem for the Union and the coup de grace was delivered by the unprecedented financing needs brought on by the First World War. The LMU was officially dismantled in 1926 - but died long before that. The lesson: a common currency is not enough - a common monetary policy monitored and enforced by a common Central Bank is required in order to sustain a monetary union.

As the LMU was being formed, in 1867, an International Monetary Conference was convened. Twenty countries participated and discussed the introduction of a global currency. They decided to adopt the gold (British, USA) standard and to allow for a transition period. They agreed to use three major “hard” currencies but to equate their gold content so as to render them completely interchangeable. Nothing came out of it - but this plan was a lot more sensible than the LMU.

One wrong path seemed to have been the Scandinavian Monetary Union.

Sweden (1873), Denmark (1873) and Norway (1875) formed the Scandinavian Monetary Union (SMU). The pattern was familiar: they accepted each others’ gold coins as legal tender in their territories. Token coins were also cross-boundary legal tender as were banknotes (1900) recognized by the banks of the member countries. It worked so perfectly that no one wanted to convert the currencies and exchange rates were not available from 1905 to 1924, when Sweden dismantled the Union following Norway's independence. Actually, the countries involved created (though not officially) what amounted to a unified central bank with unified reserves - which extended monetary credit lines to each of the member countries.

The Scandinavian Kronor held well as long as gold supply was limited. World War I changed this situation as governments dumped gold and inflated their currencies, engaging in competitive devaluations. Central Banks used the depreciated currencies to buy gold at official (cheap) rates. Sweden saw through this ploy and refused to sell its gold in the officially fixed price. The other members began to sell large quantities of the token coins to Sweden and use the proceeds to buy the much Stronger Swedish “economy” (=currency) at an ever cheaper price (as the price of gold collapsed). Sweden reacted by prohibiting the import of other members’ tokens. Without a fixed price of gold and without coin convertibility, there was no Union to talk of.

The last big (and recent) experiment in monetary union was the East African Currency Area. An equivalent experiment is still going on in the Francophile part of Africa involving the CFA currency.

The parts of East Africa ruled by the British (Kenya, Uganda and Tanganyika and, in 1936, Zanzibar) adopted in 1922 a single common currency, the East African shilling. Independence in East Africa had no monetary aspect because it remained part of the Sterling Area. This guaranteed the convertibility of the local currencies into British Pounds. Regarding this a matter of national pride (and strategic importance) the British poured inordinate amounts of money into these emerging economies. This monetary union was not disturbed by the introduction (1966) of local currencies in Kenya, Uganda and Tanzania. The three currencies were legal tender in each of these countries and were all convertible to Pounds.

It was the Pound which gave way by strongly depreciating in the late 60s and early 70s. The Sterling Area was dismantled in 1972 and with it the strict monetary discipline which it imposed - explicitly and through the free convertibility - on its members. A divergence in the value of the currencies (due to different inflation targets and resulting interest rates) was inevitable. In 1977 the East African Currency Area ended.

Not all monetary unions met the same gloomy end, however. Arguably, the most famous of the successful ones is the Zollverein (German Customs Union).

At the beginning of the 19th century, there were 39 independent political units which made up the German Federation in what is today's Germany. They all minted coins (gold, silver) and had their own standards for weights and measures. Labour mobility in Europe was greatly enhanced by the decisions of the Congress of Vienna in 1815 but trade was still ineffective because of the number of different currencies.

The German statelets formed a customs union as early as 1818. This was followed by the formation of three regional groupings (the Northern, Central and Southern) which were united in 1833. In 1828, Prussia harmonized and unified its tariffs with the other members of the Federation. Debts related to customs could be paid in gold or silver. Several currencies were developed and linked to each other through fixed exchange rates. There was an over-riding single currency: the Vereinsmunze. The Zollverein (Customs Union) was established in 1834 to facilitate trade and reduce its costs. Most of the political units agreed to choose between one of two monetary standards (the Thaler and the Gulden) in 1838 and nine years later, the central bank of Prussia (which comprised 70% of the population and land mass of the future Germany) became the effective Central Bank of the Federation. The North German Thaler was fixed at 1.75 to the South German Gulden and, in 1856 (when Austria became associated with the Union), at 1.5 Austrian Florins (this was to be a short lived affair, because Prussia and Austria declared war on each other in 1866).

Germany was united by Bismarck in 1871 and a Reichsbank was founded 4 years later. It issued the Reichsmark which became the legal and only tender of the whole German Reich. The currency Union survived two world wars, a devastating bout of inflation in 1923 and a collapse of the currency after the Second World War. The Reichsmark became the solid and reliable Bundesbank. The Union still survives in the Deutschmark.

This is the only case of a monetary union which succeeded without being preceded by a political arrangement. It survived because Prussia was sizeable and had enough real power and perceived clout to enforce compliance on the other members of the Federation. Prussia wanted to have a stable currency and introduced consistent metallic standards. The other states could not deprive their currencies of their intrinsic values. For the first time in history, coinage became a professional economic decision, totally depoliticized.

In this context, we must mention another successful (on-going) union - the CFA Franc Zone.

The CFA (French African Community) is a currency used in the former French colonies of West and Central Africa (and, curiously, in one formerly Spanish colony). The currency zone has been in existence for well over three decades and comprises diverse ethnic, lingual, cultural, political and economic units. The currency withstood devaluations (the latest one of 100% vis a vis the French Franc), changes of regimes (from colonial to independent), the existence of two groups of members, each with its own central bank, controls of trade and capital flows - not to mention a host of natural and man made catastrophes. What makes it so successful is maybe the fact that the reserves of the member states are hoarded in the safes of the French Central Bank and that the currency is almost absolutely convertible to the French Franc. Convertibility is guaranteed by the French Treasury itself.

France imposes monetary discipline (that it sometimes lacks at home!) directly and through its generous financial assistance.

Europe has had more than its share of botched (the Snake, the EMS, the ERM) and of successful (ECU, the United Kingdom and Ireland) currency unifications.

A neglected one is between Belgium and Luxembourg (BENELUX is the political alignment which includes the Netherlands).

There is no real currency union here. Both maintain separate currencies. But their currencies are at parity and serve as legal tender in both countries since 1921. The Belgian Central Bank controls the monetary policies of both countries, with the exception of exchange regulations which are overseen by a joint agency. In both 1982 and 1993 the two countries considered dismantling the union - but this was not serious talk, the advantages being so numerous (especially to the smaller partner).

These three currency unions have all survived due mainly to the fact that one monetary authority has been responsible, at least de facto, for managing the currency.

What can we learn from all this (not insubstantial) cumulative experience?

(A) A dominant country is required for a Union to succeed. It must have a strong geopolitical drive and maintain political solidarity with some of the other members. It must be big, influential, and its economy must be intermeshed with the economies of the others.

(B) Central institutions must be set up to monitor and enforce fiscal and other policies, to coordinate activities of the member states, to implement political and technical decisions, to control the money aggregates and seniorage (=money printing), to determine the legal tender and the rules governing the issuance of money.

(C) It is better if a monetary union is preceded by a political one. Even so, it might prove tricky (consider the examples of the USA and of Germany).

(D) Wage and price flexibility are sine qua non. Their absence is a threat to the continued existence of any union. Fiscal policy (money transfers from rich areas to poor) are a partial remedy. They can mitigate and ameliorate problems - but not solve them. Transfers also call for a clear and consistent fiscal policy regarding taxation and expenditures. Problems like unemployment plague a rigid, sedimented union. The works of Mundell and McKinnon (optimal currency areas) prove it decisively (and separately).

(E) The last prerequisite is clear convergence criteria and monetary convergence targets.

Judging by these requirements, the current European monetary union did not sufficiently assimilate the lessons of its ill begotten predecessors. It is set in a Europe more rigid in its labour and pricing practices than 150 years ago, it was not preceded by serious political amalgamation, it relies too heavily on transfers without having in place either a coherent monetary or a consistent fiscal policy.

This monetary union is, therefore, likely to join its forefathers and remain a footnote in the annals of economic history.

by: Sam Vaknin, Ph.D.

Day Trading Computer

2008-08-13T00:15:00.000+07:00

Computers are so cheap nowadays that almost any new computer will be sufficient for day trading. Below I will highlight the basic components that you need for your day trading system: hardware, software, Internet connection, and system protection.

Hardware for day trading

This is a typical trading computer setup with two monitors connected to the same computer. This allows the day trader to expand the trading screen across both monitors as if was one big rectangular monitor. Thus, more graphs and other market data can be observed by the day trader at the same time. Even though I do not have a Ph.D. in computers, I have used and helped people set up computers for day trading, and know other people that use computers for the same thing. Below I have provided the minimum general specifications for day traders followed by the preferred specifications (in parentheses):

Pentium III 700 MHz or higher (Pentium 4 best)
512 MB RAM or higher (1 GB or higher best)
Windows XP
One 21-inch CRT monitor (Two 19-inch LCD [flat screen] or greater preferred)
Please note that you will need two video cards (one per monitor) if you want to use two monitors, or a multi-head video card (like ATI, Matrox or Apian) that allows you to connect more than one monitor to it (best option). Unless you are a computer expert, try to order the system exactly like you want it (turnkey) from your chosen computer vendor. If you decide to use the trading robot, you don't need many of the hardware and software options described on this page.

Day trading software

Quality software is the most essential element in a robust day trading system. I believe that RealTick is the best software currently in the market today for trading stocks. To trade currencies, such a sophisticated software is not necessary. Every serious day trader uses special software for day trading. This software is installed on the trading computer mentioned above and through it the day trader analyzes stocks or currencies and places orders to buy and sell. Since the trading software is the most important component of a complete day trading system, it is very important that the software be well-known and widely used by traders. The software for trading stocks should have the following components:

Level II (a list of all the buy and sell orders in the market)
Time and Sales (list of all transactions)
Real-time streaming quotes and charts (constantly updated with live market data)
Portfolio tracker
Real-time news
Order entry built into the software
The best software in this category that I know is called RealTick. It is given to you by your broker (direct-access broker that uses the RealTick platform) when you open a brokerage account. If you want to work day trading currencies instead (forex trading), you don't need all the above features. Currency trading software comes in either a standalone or JAVA version. The one I use is pretty easy to learn. To test drive a trading simulator for 30 days of the system I use, click on this link.

Internet connection

A fast Internet connection is a must for serious day traders. Nowadays, DSL and Cable modem service are very affordable. Even if you buy the best computer that is currently available, without a fast Internet connection you cannot receive all of the streaming, real-time information (quotes, charts, transaction information, etc.) provided by your day trading software. For that reason, a 56-Kbps regular phone line modem is not an ideal primary connection to the Internet (except in rare cases). Suggestions (if available):

DSL (Digital Subscriber Line) service from your phone company, or
Cable Modem service from your cable company

I have used DSL for a few years already and think it's great (right now I use BellSouth DSL). DSL is much faster than a 56-K modem. Even though I have no experience with the cable modem service, I know that many traders use it and it is also extremely fast. After you call your DSL company and order the DSL service (about $50 per month), it usually takes the company about 2 weeks to send you the modem and software you need to use the service. If you do not have DSL or Cable Modem service in your area, one option is always to trade in the broker's office, with one of the high-speed computers that are already set up there.

System protection

An antivirus program will prevent destructive computer viruses from running on your trading system. Antivirus Program: All you have to do is listen to the news today and you will probably hear a story about a new computer virus program that is causing havoc around the world. This is common practice nowadays. Many viruses have caused quite a stir in the last few years, and have damaged a large number of computers throughout the world. A computer usually gets a virus when a file infected with the virus is opened by the user. Most people obtain these files as email attachments. If your computer files are destroyed by a virus, you won't be able to trade. To avoid this, you should use an antivirus program like Norton Antivirus or McAfee VirusScan. There are some free virus scanners out there, but you can use them at your own risk. Most computers already come from the vendor with one of these two programs installed.

A firewall will block unauthorized access to your trading computer from the outside world. Firewall: If you use a high-speed Internet connection (like DSL or Cable Modem) you become vulnerable to ""hacking."" Hacking is when a person (hacker) breaks into (hacks) your computer from another computer. The hacker then takes control of the computer and can simply spy on you or delete the entire contents of your trading system. This can be a very serious setback for a trader. To prevent this from happening, a trader can use a ""firewall."" A firewall blocks unauthorized access to your trading computer from the outside world. A firewall can consist of additional hardware and/or software installed on the computer system. The easiest solution to set up is a software firewall. There are tons of different firewall software vendors in the market and many companies that provide free versions of their software. To learn more about firewalls, you can go to the Shield's Up section of Steve Gibson's website at www.grc.com.

A good back-system is essential to complete the day trading computer. A 56-K modem can serve as a back-up for the high-speed Internet connection and a UPS (or worse case, a surge suppressor) can be used to provide back-up power during blackouts and suppression of voltage surges. Back-up System: In a perfect world we wouldn't need a back up system, but we don't live in a perfect world. The most important forms of back-up for trading are:

56-Kbps Modem in case your DSL or Cable Modem service is disrupted
Uninterruptible Power Supply (UPS) for a power failures and surges

Even though I've had very few cases when the DSL stops working during trading, it has happened. The same thing can happen to the Cable Modem service. When your high-speed service goes out, you can simply connect via your regular 56-Kbps modem via your phone line. Even though you cannot feed as much information through the 56-K service as you can with a high-speed connection, it still allows you to place trades and view some basic trading information. With RealTick, you can design a simpler configuration in the software for cases like these (the currency trading software works perfectly even with a 56-K modem).

A UPS allows your trading computer to run on back-up power when there is a blackout. Even though you cannot run on back-up power indefinitely (based on the limitations of the UPS), it does allow you to close any positions that you do not want to leave open as well as save anything that you were working on. A UPS will also provide protection from voltage surges that can damage your trading computer. In the United States we have the advantage that the power is pretty reliable, so if you don't want to buy a UPS right away when you start trading that's OK, but you should at least use a surge suppressor ($20 to $50) to protect your trading computer from sharp fluctuations in power which can easily damage or shorten the life of your trading equipment.

by: Dan Alvarez

Facts of Day Trading

2008-08-13T00:14:00.002+07:00

Are you thinking of entering the fast-paced world of day trading? Arm yourselves with the information from this fact sheet on day trading.

What is day trading?

Day trading is an investment tactic that does online daily stock trading with a relatively short investment. Those who do day trading usually buy and sell securities during the same market day and, as a general rule, do not hold stocks overnight. Many day traders make dozens of trades every market day hoping to capture profits that arise from small intraday price fluctuations.

How is day trading different from swing trading?

Day trading relatively holds the stock for only the day. After the stock market closes, a day trader has no stock in his hands. Swing trading holds a stock for at least a few days, waiting out for the best price before dumping it back to the market. Day trading is much more stressful and requires guts and a keen business sense. Once you get good at day trading, you can earn up to $50,000 from your initial investment.

How much capital would you need for day trading?

You need an investment equivalent to buy 1000 stocks. That is roughly around $20,000. Because the chances are small that you will find a marketable stock with a price of under $20, this is enough to get your day trading underway. However, you must remember that this is a 100% risk capital so do not worry too much if you lose this amount very early.

What are the general rules for day trading?

Always trade with the trend.
Cut losses short
Never get emotionally involved in your trades.

What are the most suitable stocks to trade for day trading?

It is advisable to trade high volume stocks. Go with the trend with the popular stocks available. It'll be easier for you to sell those stocks at the end of the day trading.

How does a usual day trading transaction occur?

For example, at 10:00 AM a day trader might buy 1000 shares of stock XYZ just as the price begins to rise on good news, then sell it at 10:04 AM when it's up by 1/2 ($0.50). The day trader makes $500, minus commission. With today's cheap commissions of $29.95 or less per trade, that's a quick $440.10 or better, excluding taxes.

Most people who deal with day trading spend all of their time in front of the computer, watching the slightest change in the stock price. As the prices go up and down, the day trader must be alert as to when to sell his stock or wait for the moment to hold on it. This can be a very stressful lifestyle as a mere second could mean an increase of half the stock price and missing that moment for any person engaging in day trading could mean a loss on his investment.

Day trading is not a get rich scheme. It is serious business where you could lose everything within minutes because of wrong information. Before jumping into day trading, remember to do your homework first. Go to seminars on day trading, use simulations if possible and practice reading market indicators. To be a successful day trader, don't just need luck. Knowledge and experience counts. Welcome to the world of stock markets and investments!

by: Michael Sanford

Introduction To Fundamental Analysis: Forex

2008-08-13T00:14:00.001+07:00

FOREX traders almost always rely on analysis to make plan their trading strategies. There are two basic types of FOREX analysis – technical and fundamental. This article will look at fundamental analysis and how it used in FOREX trading.

Fundamental analysis refers to political and economic conditions that may affect currency prices. FOREX traders using fundamental analysis rely on news reports to gather information about unemployment rates, economic policies, inflation, and growth rates.

Fundamental analysis is often used to get an overview of currency movements and to provide a broad picture of economic conditions affecting a specific currency. Most traders rely on technical analysis for plotting entry and exit points into the market and supplement their findings with fundamental analysis.

Currency prices on the FOREX are affected by the forces of supply and demand, which in turn are affected by economic conditions. The two most important economic factors affecting supply and demand are interest rates and the strength of the economy. The strength of the economy is affected by the Gross Domestic Product (GDP), foreign investment and trade balance.

Indicators

Various indicators are released by government and academic sources. They are reliable measures of economic health and are followed by all sectors of the investment market. Indicators are usually released on a monthly basis but some are released weekly.

Two of the most important fundamental indicators are interest rates and international trade. Other indicators include the Consumer Price Index (CPI), Durable Goods Orders, Producer Price Index (PPI), Purchasing Manager's Index (PMI), and retail sales.

Interest Rates - can have either a strengthening or weakening effect on a particular currency. On the one hand, high interest rates attract foreign investment which will strengthen the local currency. On the other hand, stock market investors often react to interest rate increases by selling off their holdings in the belief that higher borrowing costs will adversely affect many companies. Stock investors may sell off their holdings causing a downturn in the stock market and the national economy.

Determining which of these two effects will predominate depends on many complex factors, but there is usually a consensus amongst economic observers of how particular interest rate changes will affect the economy and the price of a currency.

International Trade – Trade balance which shows a deficit (more imports than exports) is usually an unfavourable indicator. Deficit trade balances means that money is flowing out of the country to purchase foreign-made goods and this may have a devaluing effect on the currency. Usually, however, market expectations dictate whether a deficit trade balance is unfavourable or not. If a county habitually operates with a deficit trade balance this has already been factored into the price of its currency. Trade deficits will only affect currency prices when they are more than market expectations.

Other indicators include the CPI – a measurement of the cost of living, and the PPI – a measurement of the cost of producing goods. The GDP measures the value of all goods and services within a country, while the M2 Money Supply measures the total amount of all currency.

There are 28 major indicators used in the United States. Indicators have strong effects on financial markets so FOREX traders should be aware of them when preparing strategies. Up-to-date information is available on many websites and many FOREX brokers supply this information as part of their trading service.

by: John Sanderson

How Financial Markets Really Function - What The Private Investor Does Not See

2008-08-13T00:13:00.000+07:00

How do financial markets really function? Primarily by supply and demand - "more sellers than buyers" as some would put it. Only that sellers and buyers must be in balance for a market to function at all. Take the forex (foreign exchange) market - probably the most efficient market there is. $2 trillion is the normal daily turnover and price information is instantly transmitted to hundreds of thousands of end users all around the world. Likewise, all economic news is absorbed into the price. Therefore the price at any particular point of time is the sum total of all the factors as reflected on by all the traders in the world.

Until a new factor causes a trader in say, Hong Kong, to consider that the dollar is too cheap. Why? Because there is an economic advantage in buying dollars at that price - perhaps the short term Hong Kong dollar interest rate has dropped a few basis points, making it more attractive to buy U.S. dollars as a better investment. So he buys U.S. dollars, in the process moving the price higher.

The new price may trigger a London-based bank to cover some options they have written, thus creating new demand for the currency. Maybe the London bank sells Swiss francs for dollars. This ebb and flow is going on all day long, almost continuously.

Traders at the big money-center banks see these movements in the 'market-making' operations, where they will make trading prices to all comers to earn a 'spread', the difference between the buying and selling price. From these so-called flows, they believe they can preempt other customers jumping on the bandwagon and buy dollars in anticipation of selling them back to customers at a higher price a few minutes later. Big money is made here - the handful of banks who engage in the highly-automated market-making operations are probably turning over $100 BILLION per day. If they make just a 1 'pip' spread on each trade, they are making between $7-$10 million per day. Although sometimes they get 'steamrollered' - days of high volatility, when unexpected events create fast markets cause them to suffer losses. Therefore, they want to know the flows, and be the first to get wind of an upcoming large order - like a central bank deciding to switch some of its currency reserves from one currency to another. For example, China's forex reserves are over $700 billion dollars. If they switch just 1% of these reserves from dollars to Euros, then $7 billion will hit the market!

So, what about the poor retail forex trader. Is he doomed to be at the end of the food chain, where being last to know means always being in a losing trade? Yes, probably. Although the brokers update the news and gossip regularly, the small investor is always last to know. The large majority of these traders try to follow price charts and apply technical analysis to predict movements. Alas, the charts are only showing history and in the short term are poor predictors. There are simply too many seemingly random events, or so it seems.

The truth is that the small investor is not privy to what is really going on in the market, and neither can he ever be so. Many former Interbank traders go on to be very successful traders in their own right, running successful hedge funds. Yes, they have their contacts, but even more importantly they interpret what is going on from the price action in the market. They understand the inner workings of the market and the forces that are driving prices.

What can the private retail forex investor do about this? He or she would be wise to invest in a simulation that replicates the conditions in the Interbank market. Such a simulation is TraderMetrics, a software simulation originally designed for and used by banks to train their forex traders.

With TraderMetrics, users become market-makers in the forex market and learn how to handle the flows. They learn the factors that cause herd mentality, which has more to do with staying within limits than being 'scared'. They get the inside track on trading that will give them several 'aha!' moments.

They will be able to trade on live rates, subject to the availability of a price feed, with recorded rates or programmed trading scenarios.

The trading normally takes place against the computer, but by operating in a networked environment, they can participate in a 'virtual' market, which is driven entirely by customer orders and the actions and reactions of other traders logged into the session. One gets to trade against other traders, so it becomes a game of anticipating the anticipation - like a giant game of poker.

The best news is for all traders that once you have learnt this in forex trading, you can apply it to any market with success.

TraderMetrics has recently been re-released. It was previously only available to financial institutions, but is now available at a very reasonable price to the general public. As well as being highly educational, it is also a lot of fun and at the same time supported by hundreds of statistics monitoring trader behaviour, performance and risk management.

Go visit the website, register and download a fully-functioning evaluation from www.forextradermentor/tmsignup.html

[ Submitted with ArticleSubmitter Pro - http://www.articlecity.com/article_submitter_pro.shtml ]

by: Steve Pickering

Investors - What Separates the Good Traders from the Bad Traders?

2008-08-13T00:12:00.002+07:00

There are many forms of investing online. While I can give you a list that is a mile long, these are the most common forms of successful investments. Some of the following know how to invest terms are:

Option trading
Future trading
Currency trading
Stock trading
Future trading
Forex trading (or) foreign exchange trading

I want to start this investing online critique out with a story... On a beautiful late spring afternoon, twenty-five years ago, two young men graduated from the same college. These men were very much alike. Both, better than average students, were personable and filled with ambitious dreams for the future.

For the sake of my example, I will set both college graduates off online trading using a day trading plat form. Through a gift, both start with the same online investing investment risk capital, the same daytrading plat form, and the same trading system with precise rules for entry and exits.

Shockingly, there is a difference. After one month, one day-trader went broke / bust, while the other day trader returned a 20% profit.

Have you ever wondered, as I have, what makes this kind of difference in people's trading? It is not always a native intelligence, talent or dedication. It is not that one person wants success and the other does not.

The difference lies within the psychology of the brain. Your psychological mind set is likely to play a larger role in your trading online career than your chosen technique or any other details associated with your day-to-day practice.

Here are some good examples:

One person looks at a glass ½ empty, while the other personality looks at that same cup as ½ full.
Someone may look at problems and call them stress, while another individual looks at troubles as challenges.
Another one may look at a ship in a storm as an adventurous roller coaster ride, while another human being sees the same situation as a hurricane that has a death call.

I am not the only one to discover this…

In his book, “Trade Your Way to Financial Freedom”, the renowned American psychologist Dr. Van Tharp discusses the role psychology plays in trading success. He divides trading into three Ingredients.

In his pie chart:

System is 10%
Money Management Success is 30%, and
60% pertains to the psychology of thought and emotion.

Tharp discovered that the trader's psychology make up of the mind has more to do with his success than anything else does.

However, what exactly is the psychology of the mind?

In short, the psychology of the mind refers to your thinking and emotional actions and responses to any given situation…In trading, fear, greed, vanity, pride, hope, jealousy, denial - all these can affect investment decisions. Although, your aim in the market is to maximize your profit and minimize your risk, thinking and emotions often make this easier said than done.

FOR EXAMPLE - Traders, who cannot control the psychological process of thought and emotion, make the wrong decision - such as the common amateur mistake of holding a losing position in the belief that someday it will become a winner.

Loss aversion is a classic mistake. By nature, humans value a loss. Therefore, you suffer almost twice as much pain losing $1 as you would in gaining $1. Loss aversion compels most traders to hold a losing stock while it plummets downward. This clouded judgment clearly contradicts the trading adage: cut your losses and let your profits run.

Emotional investors hold losing positions because they view paper losses differently from realized losses. An investor also engages in other forms of irrational behavior.

EXAMPLES are attributing success as natural and losses to bad luck.

This is just the tip of the iceberg. When talking about the other devastating effects of trading, if you do not have the psychology of your thought and emotions in the proper prospective the consequences can be devastating.

This is what opens up problems for new traders, and then they lose manage money very quickly in the markets. Most people completely wiped out their finances within the first year of trading. So, as you can see, your thinking and emotions play a big part in determining whether you fail or succeed, but did you know that thought and emotion make up two different spheres pertaining to trading success?

by: David Jenyns

Currency Exchange Terms Every Forex Trader Should KnowF

2008-08-13T00:12:00.001+07:00

Before jumping into the forex market, you need to arm yourself with some terminology that will be used in any course or software on this subject. The following set of terms were put together with the idea of providing the novice forex trader with the fundamental concepts of the forex trading business. While they sound technical, most are easy to understand and apply.

Let us begin with the instruments that are traded in the forex markets. Currencies are traded in pairs so the instrument will always be in this double denomination. The reason for this is simple; the basis of forex currency trading is to exchange one currency for another. So if the pair is the Euro and the US Dollar, and the forex trader is taking a long position or buying the Euro in hopes that it will appreciate, effectively the trader is also selling US Dollars to buy the Euros. The most widely traded pairs are the Great Britain Pound and the US Dollar (indicated as GBP/USD), the Euro and the US Dollar (the EUR/USD pair), the Aussie Dollar and the US Dollar (AUD/USD pair), the USD and the Japanese Yen (USD/JPY pair), and the Canadian Dollar and the USD (USD/CAD pair). These pairs account for well over 80% of the total volume of the trading in the forex market. The advantage to trading in these currency pairs is that they are highly liquid and allow the investor to convert their portfolio to cash very quickly to realize a profit.

In every pair, the first currency is called the base currency, over which the second one is countered to imply the price of the pair, or commonly referred to as the "cross currency". The second is therefore called the quote currency and the pair price is recorded in terms of the units of the quote currency required to buy one unit of the base currency. Thus, assuming the price of the GBP/USD pair is 1.5, this implies that 1.5 USD will buy 1 GBP.

Every pair is quoted in terms of a bid ask spread. The bid price is the rate at which your forex broker bids to buy the currency at, while the ask price is the rate the forex broker is asking to sell the currency to the forex trader. The bid price will always be less than the ask price and the forex trader will buy at the ask price and sell at the bid price. The bid ask price will be quoted as: GBP/USD 1.532/5, meaning the bid price is 1.532 and the ask price is 1.535.

A pip price interest point), as it is commonly called, is the smallest incremental change a currency pair will experience, for instance, a change in the GBP/USD price from 1.532 to 1.542 is a change of 10 pips. A trading margin is a deposit which is a minimum amount or a small percentage of your traded amount that you have to put up. The remaining amount is supplied by your broker. This amount can vary from 1% to 0.25%, also referred to as 100:1 and 400:1. Most often, forex brokers will offer 100:1 or 200:1 to most clients. This is risky but enables the trader to leverage a large amount that he or she would not otherwise have access to.

Finally, a margin call can happen when the forex trader allows the balance in the trading account to go below the margin deposit percentage agreed upon with the forex broker. The broker will automatically sell your long positions or buy your short positions and clear the entire trading account, returning the margin amount to the trader to protect the trader from losing more money than they have.

by: Andrew Daigle

Forex Capital Markets And Foreign Exchange Transactions

2008-08-13T00:11:00.001+07:00

Forex Capital Markets are foreign exchange markets where the currencies are been bought and sold continuously for profits. The capital markets of forex are present globally and transactions are non-stop in this forex cash market. Whether its Sydney or Tokyo, one would find aggressive forex dealers and brokers peering into their computer screens and on the telephone for minor changes that might affect this currency trade.

The forex trade is carried out for profits that can be gained by buying and selling of the currencies. Currencies are always bought and sold in pairs. Let us take an example to clarify the forex deal

A trader trades in Euros/ Us Dollars. (All figures are samples only) He purchases 10,000 Euros on Jan 1 when the EUR/USD rate is .9600. Then he sells these Euros at the market rate of 1.1800. On August 1. Therefore he gets 11,800 USD. Thereby making a cool forex transaction profit of USD 2200.

Since all currencies are bought and sold in pairs, one needs to decide the pair of currency that you would like to do your currency transactions in. In this example EUR is the base currency and the USD is called the quote or the counter currency. If you have bought Euros (simultaneously selling dollars), then you have based your decision on the fact that Euros may appreciate in the future. Therefore by selling Euros back into dollars you would be getting more dollars and thus making a profit.

If your assumption is that the US market is going to appreciate, then you would placing a SELL Euro/USD. Therefore you will sell Euros while (simultaneously buying USD). This USD may be sold at a later stage to book a profit.

Operating in the financial and forex trade, its important to understand that there are many factors, which affect the forex dealing. The business market conditions, the political scenario, threat of climatic disasters or impending farm output increase. All these factors play a crucial role in the forex markets.

Forex dealers trade on forex trading platform or a session. These are sophisticated software's, which provide the forex dealers with real time news and analysis on the currencies that they are dealing in. On this they execute buy and sell orders and well as stop order. Of course these are also linked to the forex margin account. Thus it gives the forex dealers ample leeway to make transactions with a small investment. The forex trade is competitive market where more credit worthy that the institution or the dealer, the better their source of information and quality of data is. Therefore this helps them to make better deals in the currency transactions and make better profits.

by: Gary Berg

Will the REAL Exclusive Buyer's Agent Please Stand Up?

2008-08-13T00:10:00.001+07:00

What exactly is an "Exclusive Buyer's Agent"?

A: An agent who represents only buyers, never sellers, with no risk to their buyers of dual or designated agency on any home they want to buy.

B: An agent who represents their buyers as a designated agent if they want to buy a home that is an in-house listing.

C: An agent who gets paid regardless of whether the agent finds their buyers the home they want to buy or not.

The correct answer is "It depends on who you ask". Let's discuss each of the scenarios above:

A: An exclusive buyer's agent is an agent who represents only buyers, never sellers, with no risk to their buyers of dual or designated agency on any home they want to buy.

This is the definition you would find in "Don't Risk It! A Broker's Guide to Risk Management", published by the National Association of Realtors in 2000: "Exclusive Buyer Representation - Also called exclusive buyer agency, this the practice of representing only buyers, never sellers. The company never lists a seller's property and thus never has a seller as a client."

The definition above is also the definition used by the news media in articles written for the benefit of home buyers who are looking for consumer advice in preparation for the purchase of real estate. Internationally acclaimed finance specialist Suze Orman endorses the National Association of Exclusive Buyer's Agents in the "Finding a Buyer's Agent" section of her popular web site, http://www.suzeorman.com. Consumer advice columnists Ilyce Glink and Robert Bruss recommend exclusive buyer agency as an alternative to buyer agency to consumers who want to avoid the risk of dual agency - when one broker represents both parties. Ilyce Glink advises: "If you're trying to eliminate potential conflicts in your deal, you may want to try (exclusive buyer agency). Exclusive buyer's agents never represent sellers. They only represent buyers, and they typically will take buyers wherever they want to go in a metro area.". Robert Bruss differentiates between the different types of buyer agency services in his article Do Home Buyers Need Their Own Agent?: "Any real estate agent can be a buyer's agent to help locate your home purchase. In addition, there are a few exclusive buyers' agents who represent only home buyers, never accepting listings from home sellers."

And June Fletcher from the Wall St. Journal.com writes: "Exclusive buyers agents can focus on their customers and their needs in a way many sellers agents can't. They don't have to spend their time holding open houses, staging properties, or doing all the other marketing tasks that consume much of a listing agent's time. They can concentrate on previewing homes, investigating comparable houses, helping the buyer understand financing options, negotiating the deal and making sure all the inspections and escrow items are done in a timely manner.

What's more, home shoppers who use exclusive buyers agents don't run the risk of falling in love with one of their agent's own listings. When that happens, the agent becomes a dual agent -- beholden to both the seller and the buyer, and thus, beholden to no one. Because this limits the amount of advocacy and advice the professional can give either party (for instance, a dual agent can't tell the seller the highest price that a buyer is willing to pay), it's illegal in some states.": http://www.realestatejournal.com

B: An exclusive buyer's agent is an agent who represents their buyers as a designated agent if they want to buy a home that is an in-house listing.

The news media is doing a great job of advising consumers to ask for an exclusive buyer's agent in order to avoid the the conflict of interests that exists with dual and designated agency (which legally is "dual agency" in NC, since the same broker represents both parties.) But the problem is now that consumers have started asking for an exclusive buyer's agent, listing agents are representing themselves to consumers as "exclusive buyer's agents," and are advising consumers they can provide exclusive buyer agency representation - even on in-house listings! The reason for this is that the NC Real Estate Commission does not recognize the definition for exclusive buyer's agent published by NAR in 2000, and since then, picked up and popularized by the mainstream news media. As a result, many real estate agents who practice designated agency on in-house listings regularly advertise themselves to consumers as "exclusive buyer's agents."

C: An exclusive buyer's agent is an agent who gets paid regardless of whether the agent finds their buyers the home they want to buy or not.

The NC Real Estate Commission allows NC real estate agents to call themselves an exclusive buyer's agent if their buyer client signs an "Exclusive Buyer Agency Agreement." The NC Exclusive Buyer Agency Agreement is a contract which states that the buyer's agent gets paid no matter who finds the home, and restricts the buyer to the buyer agency services of the agent/firm with whom the buyer has the buyer agency agreement. The NC Real Estate Commission acknowledges this usage of the term is pervasive throughout the industry in NC, but does not consider it a deceptive practice because no legal definition for this term exists in NC. The following terms: "Buyer's Agent, Seller's Agent, Dual Agent, and Designated Agent" are all defined in the state mandated Consumer Disclosure Brochure called "Working With Real Estate Agents," but the definition for "Exclusive Buyer's/Seller's Agent" is a glaring omission from the agency options that are disclosed to consumers in this brochure.

In many states including NC, "Buyer Beware" remains the adage for consumers who want an exclusive buyer's agent to represent them in their next real estate purchase transaction. A refreshing exception is Ohio, where their state legal disclosure, "Consumer Guide to Agency Relationships," was developed jointly by the Ohio Association of Realtors and the Ohio Division of Real Estate and Professional Licensing. Under Ohio license law, each brokerage must disclose which of five agency policy options their company practices and offers to consumers, including an option for exclusive buyer agency: "Under this policy, your brokerage only represents buyers, and does not take listings, practice subagency or dual agency."

Real Estate industry expert and columnist Peter Miller sums up the argument best for including exclusive buyer agency as an additional agency option in the NC Consumer Disclosure Brochure: "Brokerages should always include listing brokers and buyer brokers, exclusive or not, so that individual professionals can pick the practice strategy they prefer while consumers can find the widest array of services. Exclusive buyer brokers changed the marketplace by popularizing the core concept of buyer brokerage. That's a transition which now helps millions of purchasers get a better deal in the marketplace - and that is a significant accomplishment."

Since no legal regulation for exclusive buyer agency exists in NC, before proceeding with a self-proclaimed "Exclusive Buyer's Agent," consumers are advised to question their real estate agent's interpretation of this loaded real estate term.

by: Julie P. Tuggle

Essential Tools for a Great Website

2008-08-13T00:09:00.001+07:00

One of the things I love to do first thing every morning is to check the Internet, to find out how much money I made over the night. Like a fisherman checking on his trap, I am thrilled to see money accumulating in my account while I sleep. The beauty of earning an income from the Internet is that my websites continue make money for me from all parts of the world. I can actually know where the money come from, and how much, and test the pages to continue improving them. Wouldn't you want that too?

Before you get the wrong idea, let me clear the air about how I make money from the web. HappyJoblessGuy is NOT about earning money from some online pyramid schemes. It is not about Multi-Level Marketing (even though I have no issue about people earning through MLM). It is not about online forex trading. Apparently, many people seem to think that if you want to earn a living online without holding a job, you need to be involved in pyramid schemes, MLM or online forex trading. Well, I am going to show you an honest way of generating income from the web but it's going to involve a degree of hard work from you. For sure, nothing comes easy, and that includes building a machine that makes money online. And I have to say this: many of you will be unsuccessful. Some of you may be unsuccessful many times before you succeed - and if you're one of those who succeed after many tries, be comforted to know I am one of them too. Indeed, to do it well involves a certain level of "smartness". But the fruit of the labour will be more than worth the effort. And - it is entirely possible!

Today you can have your websites built and hosted without ever needing to be hands on. For example, you can sign up an account with PBase, Tripod, Blogger, etc, and within an hour, you have a website of your own. If you intend to earn serious, long-time income, that is not the way to do it. You want something that is 100% your own.

Once you have your own website (not an account with Blogger, PBase, etc.), you will realise the amount of freedom in your hands. It is this freedom which I would wish upon you. As I have mentioned, I am providing you this information for free. Unlike some websites, you do not have to pay money to receive my e-book. You just need to be patient while the chapters are developed. Do write to me when you are successful, I would love to hear your testimonial.

If you were to ask me, what are the tools you need to build a great website, I can count them with the fingers of one hand.

There are five basic elements you need to build not just a website, any website, but a great one. The fact of the matter is, you can hire a web programmer to build a whole website for you, bypassing the need to be acquainted with any tool. But to own a really great website, I would urge you to do it yourself. You can't be the captain of your own ship if you can't tell stern from starboard. Occasionally, you may get a programmer to do things which you aren't familiar with, but the bulk of it should be done by you. The good news is , you don't need to know much about programming; all you need are the five essential tools which I am about to share with you. Learn it, and you've taken five major steps forward towards earning an income without holding a job.

I have received emails from people asking to give them personal coaching. I am sorry, but I do not have time to do that, even if you're willing to pay me money.

I prefer to spend all my time writing and rewriting the pages of this website, until it is perfect. It is very important to me that I get it right. Your very success depends on it, so I want this to be the most useful website you have ever read. Be patient as this website develops. I need time to organise my thoughts, to sort each topic out. If you don't understand anything, read and reread the articles until they make sense to you. Through this website, I will be your guiding light, but I will not be spoon feeding you.

In the next five pages of this chapter, I will go through each essential tool one by one. At the end of this chapter I will recap what we have learned. You will realise, if you haven't yet, that earning a living without holding a job requires you to learn skills that you may not have learned before. On the other hand, you may have built many websites, and are wondering what's new that I want to share. Once again, I urge you to be patient as the topics are developed.

To continue reading about the 5 Essential Tools and other useful topics in my guide to earning a living without holding a job, please visit my website, http://www.happyjoblessguy.com

by: Timothy Tye

Forex Trading Guide

2008-08-10T16:23:00.000+07:00

Finding Reliable Forex Signals

2008-08-10T16:14:00.000+07:00

You guys know how hard it's to find a reliable forex signals and most of the forex signals services are very expensive ranging from $199 to $500 per month. And worse of all, there's no guarantee of this.

To find a good service, you must make sure that you get their free trial before you really subscribe to the service. 1 to 2 weeks is good enought to prove that whether they are reliable or not.

You want to find a forex signals service just because you don't have time or you don't have a good skills in trading forex. I understand your felling and that's why I've created a blog for people who want to get the free forex signals.

But I have day job as well. I don't post forex signals every day but if you can catch some, you got your money into the bank! :)

By that, I wish you to have a good trading in forex world!

Take care and God bless.

by: Elisha Gan

Find Your Futures Trading Blood Type

2008-08-10T16:13:00.002+07:00

Perhaps the greatest luxury I have in this business is the ability to observe the experiences of many traders with different personalities, life schedules and risk capital, each trading in a variety of markets। What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers, it becomes quite possible to match different "blood types" of those traders with their correct "trading diets." Clearly, we're not talking the medical blood type here, but in the figurative sense it makes the right point. With practice, it's not too hard to determine blood types (type of trading best suited to the individual) based on the personality of the trader, and then prescribe a diet based on that individual trader's capital, experience, risk profile and schedule.

Discovering Your Blood Type and Trading Diet

Just like a diet, where there is no right plan for everyone, in trading there is no single plan for all traders. Before deciding whether to "cut out the carbs," "add more fiber," or simply avoid certain markets, do some self-assessment, starting with personality. For example, are you hesitant or impulsive? Patient or short-tempered? Identify strengths and weaknesses, and then let someone close to you help pinpoint those personality pros and cons. Have a tough skin; it's for your own good.

To further understand your personality, keep a trading journal to help zone in on specific traits and how they affect your trading. Remember, understanding your personality is one thing; understanding it when you're trading is another. While patience with children is good, patience with a losing trade is not. A journal enables traders to review winning and losing trades and identify factors that aided in success or contributed to failure. After reviewing inner traits, don't forget to review the outer ones—your schedule and risk capital. Think long and hard about how much you have available in terms of time and risk capital when it comes to trading, and don't delude yourself. In addition, look at how you are using your time and risk capital. Go over the market(s) you are trading, the style of trading and time frames you are using. Is this market, this style and this time frame suitable to your risk capital and personal schedule? Are they suitable to your personality?

Doing some self-assessment is absolutely essential to determining what type of trading diet you should be on, as the examples later will make clear. But first let's define the trading blood types and their respective diets.

Blood Types and Trading Diets

No A-positive or universal donor types are necessary here. Instead, for our purposes, let's classify types by using NT, PT, DT and ST.

NT. Is trading suitable for you at all? That is the question. Trading require a desire to take risks and, of course, the ability to afford to take them. These simple suitability questions must be firmly answered in the affirmative before anyone can consider taking the plunge. Those who have little desire for risk, have little risk capital to spare (and completely disposable income at that) and little time to devote to this very challenging exploit are classified as blood type NT (No Trading). The right diet is no trading at all. No carbs, no cals, no fiber, no fat. Nada.

PT. Those who are either gun-shy or trigger happy would be classified as blood type PT (Position Trading). With what kind of regime, you ask? Clearly this type requires a rule-based diet. To develop those rules first and foremost means doing some homework after market hours. Once these rules are in place, test any possible trade idea against those guidelines because each trade must pass this test before Mr. or Ms. PT enters the trade. This is the time to plan a trade from start to finish, visualizing a few different scenarios with a possible action plan. It may also be the time to employ the assistance of a full-service broker. His or her job should be to help implement the rules that will keep the trigger-happy trader from going nuts or help the trader with a fear of pulling the trigger to take the right kinds of actions.

DT. Some traders simply cannot take any positions home with them. It hurts the quality of their "after-trading-hours life" and makes them uncomfortable. Most of them also are impatient by nature and tend to over trade. They feel a need to be in the market at all times because they are scared of missing a good trade and scared of losing too much. This blood type is classified as DT (Day Trading).

Patience, discipline and strategy are the main diet ingredients for this group, but certainly not exclusive to it. Setting daily loss limits is a must, and a daily trading journal will help them quite a bit. The correct training cycle for successful day trading involves education, planning, routine, survival and getting to the point where a trader finds the set ups with which he is both most comfortable and can produce high success rates. A note here: More often than not, the biggest obstacle DTs face is the patience for such a set up; they feel they are not working if they are not trading, because they are day traders. This is one mentally crippling thought they must get over to survive. Being a day trader does not mean that the individual must be in the market with frequency — only that he must be flat at the end of the session so as not to take his position(s) home with him.

ST. Then there are traders who try to go with the flow of the market and take small to medium bites out of market ranges or, perhaps, trade ranging markets between different support and resistance levels. Many will do it well for a period of time until they are almost married to it and get stuck with a loser. Let's classify this group as blood type ST (Swing Trading).

The biggest problem most swing traders have is the ability to take losses. Too many traders — even those who generally are good, consistent traders — fail by carrying one big loser one too many times. Is this stubbornness, the inability to admit making a wrong move(s), simply a case of hoping instead of trading? Those who have walked in these shoes know who they are and should be ready for the ST diet — placing stops and understanding that even the best of traders have more losers than winners. The math is very simple. Because many markets will trade sideways, there are times when both longs and shorts will come out losers. Some trades simply don't work. The bottom line is that the total of a person's winning trades should outnumber losing trades.

How Two Traders Changed Their Diets

The following two examples, which combine traits of various clients with whom I've worked over the years, point out some of the considerations of which traders must be mindful as they try to figure out what trading diet is most appropriate. The names have been changed to protect both the "innocent" and the "guilty."

Example #1. Karen was one of my first clients. A smart and outgoing woman, she worked in the human resources department for a large company. During her first two years, she had some winning trades but, overall, her account was down.

Karen juggled a busy schedule everyday. She had numerous meetings and often traveled, yet she insisted on day trading stock index futures. I tried to direct her into a different approach, but she resisted.

My advice did not sink in until she hit a period during which all of her trades were going against her, and she was facing a margin call. When I spoke with Karen, her normally self-assured demeanor had changed. She was scared. She was no longer looking forward to the next trading day. After losing most of her money, Karen struggled to make a trading decision. The once confident, outgoing and independent trader was now grasping for outside advice from a variety of newsletters and other resources. She was desperate.

On the morning after a long holiday weekend, Karen called me and with a steady, confident voice, placed orders to get herself out of all of her positions. Over the weekend, she had read a book or two and had some conversations with her husband. It's hard to determine which of these produced the "epiphany," but she now wanted to try a different approach — one of a longer-term nature (PT). After careful reflection, Karen recognized that she was at times impulsive, stubborn and simply not realistic (not good for a DT).

Even though she clearly could not devote the time necessary to be a day trader with her current work schedule and mentality, she realized that her routine and dedication must change completely no matter what the trading time frame. She was now dedicating 30 minutes during the day and/or evening to go over the markets. She adjusted her trading size to fit a longer-term approach but, most importantly, she had a plan, and that plan fit her schedule. She no longer had to make decisions in the heat of the moment. She started looking for longer-term trends that did not require hour-to-hour decision making.

Doing some self-assessment is absolutely essential to determining what type of trading diet you should be on, as the examples later will make clear. But first let's define the trading blood types and their respective diets.

Karen finally understood how to successfully incorporate trading into her life while having another demanding career. Her account has grown over the last two years through the changes she implemented in her routine, behavior and trading style.

Example #2. John started trading about four years ago. He seemed an agreeable enough person, but very business-like with no time for chit-chat. He wanted to trade online from the start because he had plenty of stock trading experience. John lived on the West Coast and was a real estate agent who did pretty well in the dot com bull market trading stocks until the market met its maker. Confident, willing to learn and fairly disciplined, he was trading with $25,000 of pure risk capital, adequate for a first-time futures trader.

Days went by and every morning as I was going over my clients' daily statements, I noticed that John was trading coffee. Not only was he trading coffee, but he was sometimes day trading coffee. I let him know that I would be pleased to talk with him about various markets if he wanted. He would call once in a while checking on fills and asking about different reports.

A few weeks down the road, John called and mentioned he would be in the L.A. area and would like to meet for lunch. During lunch, he mentioned his frustration over recent losses when trading futures. At this point, his account was down to about $14,000 over a six-month period. I asked him why he was attempting to day trade coffee, and he said his brother-in-law was a coffee importer/exporter, and he thought that it would help him. The coffee market was open from 6:15 a.m. to 9:30 a.m. PST, which perfectly suited his work schedule, but as I found out later, not his personality.

I asked him to start writing a trading journal, which allowed him to look back objectively and find patterns in behavior that both helped him and hindered him. John's journal revealed that he was frustrated with the slow fills of the open-outcry coffee market, and so he was quick to get out of winning trades and too slow getting out of his losers. He was trigger happy and at times traded larger positions than he should have.

I suggested that we change his "trading diet" around a bit and introduced him to the U.S. Treasury bond and the E-Mini stock index futures; both trade electronically and provide instant fills. These markets were perfect both for his schedule and personality.

I felt that these were good markets for both day trading and swing trading and recommended a few concepts in money management and trade management. The first was the maximum daily loss that he should set and place in a visible way as a reminder. The second was the setting of a daily profit target. Though it was somewhat hard to implement, if he could walk away when he was down to his maximum daily loss or when he reached his daily profit target, he would last much longer as a trader. It also would give him a better chance of succeeding down the road — in other words, smaller steps down that longer road.

John is still down in his account, but he is making progress. Here are a few tips that have helped him: Instead of buying and selling five contracts at a time and "starting and finishing" the trade this way, he now gets into his trades in multiples of three. In the past, John simply would buy five contracts when he thought he needed to go long and sell five when he felt he needed to take profits or cut his losses.

When John gets into a trade these days (let's say in a long position), he will buy six contracts and place a stop loss on all six. Initially, he looks for a small profit on the first two contracts. (It helps him mentally to know "I took a profit on this trade.") He then raises his stop loss and changes it to a four lot. He looks for a second profit target for two more contracts based on his support and resistance levels. If that profit level is reached, he can get "greedy" with the last two contracts. In essence, he now knows how to manage his trades in a way that increases his profitability. And, further, and perhaps as importantly (based on his personality), he does not feel like he is missing out on big moves if they happen, and he still locks in small profits when they present themselves by using the first and second targets.

Be Realistic

Succeeding in futures trading takes hard work and time, and new traders need to be realistic and introspective right from the start. This is no time to devote anything but risk capital. Beginners should start small, allowing periodic checks to learn from mistakes, and from successes.

Just like anything else in life, from diet and exercise to business and career choice, one size does not fit all. Before anyone can succeed in trading, he or she must spend time doing homework, as well as ascertain personal strengths and weaknesses, schedule, risk capital and trading experience/ knowledge. Only with those in place, can traders choose the trading diet that will work for their blood type.

by: Ilan Levy-Mayer

How To Start Online FX Trading

2008-08-10T16:13:00.001+07:00

The internet has become a valuable tool when it comes to trading and investing, and online FX trading is both convenient and accessible. The benefit of using the internet for online trading is that it allows you to view how the market is functioning in real time – and to make your Forex trading successful, you need to make sure you have these real time capabilities to help you make quick decisions.

There is an art to online fx trading and there are plenty of companies that help make the process easier; their goal is to give you the resources necessary to take full advantage of this kind of trading.

Online FX Trading Basics

To do online Forex trading, you need both a reliable internet connection and knowledge of the Foreign Exchange Market. Without knowledge of this market, you will be ill equipped to be successful at FX trading.

The foreign exchange market deals with buying and selling currencies throughout the world, and the market is on a 24 hour clock - this fact alone makes online FX trading a valuable option. Your online efforts can be continually monitored making this global trading more successful.

If you are considering getting started with Forex trading, keep in mind that as with any form of investing or online trading, adequate research is a key point, because you want to make sure you understand what you need to do to be successful. You may want to hire a firm that specialize in the foreign exchange market and will guide you through the process of online trading.

Trading Currencies

Most of the trading that is done with FX trading occurs within the realm of a few common currencies which see the majority of the transactions and are called “the majors”. The currencies include the US Dollar, Japanese Yen, British Pound, Euro, Canadian Dollar, and the Australian Dollar. There is the potential to make a considerable amount of money but you need to watch carefully for market and price fluctuations - this is why trading Forex can be invaluable.

Using Software

If you don’t wish to hire a firm to assist you with online FX trading, there are plenty of software programs out there that you can use to help. These software programs are invaluable and a good one will include multiple features that will help make your online trading efforts a success.

A good software program will provide you with instant access to the Global Foreign Exchange market, and will also offer automated alerts as to the market condition and whether or not you should buy or sell in a particular trade. A good idea is to make a list of the software programs available and then research which are the best for your situation.

by: Ryan Lee

Where to Get Forex Training by: Jay Moncilff

2008-08-10T16:12:00.002+07:00

For those of you who are interested in forex trading, you may want to start off by getting some good forex training. Forex training is a necessity for anyone with this interest. This is because a lot of money is involved in forex trading. If you don't get some forex training, you are bound to lose a lot of money.

Some of you may not even know what forex trading is. If you don't know this, you defiantly need some forex training. Forex stands for foreign exchange. Forex trading is basically the exchange of one countries currency for another countries currency. This is done simultaneously in hopes of gaining a profit.

You can get forex training from several different places. The first place you should get forex training from is online. There are many websites that offer free forex training. The forex training these websites offer is both reliable and accurate. The forex training on these websites often offers a free demo account to teach you how to trade without actually using any real money.

A second place to get Forex training is at your local college campus. Forex training courses at college are usually inexpensive and very thorough. The forex training courses offered should also include hands on experience with trading, to help you get the edge. You can also get some books on forex training or research forex training at your local library. The best place to get forex training is from someone who is already involved in forex trading. The forex training these individuals provide will be more realistic for you and give you different aspects of the forex trading game.

The forex training you get should first start with learning how the foreign trade market works. The trade market is always changing, so you need to understand it first. The second part of your forex training should be about risk control. You never want to invest more than you can afford. The right forex training should teach you how to cut your losses and have less risks of failure. Next, your forex training should teach you how to open and manage a forex trading account. But this should be done with a demo account. All forex training should be done this way first, before you try the real thing.

With all of this in mind, you should be able to find some good forex training. Learn the ropes of forex trading and take the time to learn it well. Be sure to try a demo forex trading account before you start a real account. With the right forex training, you will soon be on your way to a profitable way to supplement your income.

by: Jay Moncilff

There Are Live People Behind Currency Trading

2008-08-10T16:12:00.001+07:00

The Internet offers an abundance of information about investing, currency trading, forex market, about how, when and what to do to earn more money in the easiest way possible. The “information highway” is practically a gold mine for traders that have a lot of experience and for beginners that need articles, tips and glossaries to get ahead. So much to see and so much to do…One should be worried that all these people (that are looking for information and for knowledge or are offering it) forget that behind the computers there are hearts beating and brains thinking, and blood pulsing through veins.

The useful information that is found on the Internet about foreign exchange charts, capital risks, currencies, brokerage, and transactions isn’t just a virtual world separated from reality. It is other people’s experience, thoughts and feelings. The articles written about this subject represent their time and effort to supply novelty, to help, to guide their fellow readers. And those to whom they address their knowledge are people too. The Internet is actually people’s humanity, their strive to contribute, even a little to man kind.

Currency trading isn’t impossible to learn as one might imagine when encountering problems. Trading difficulties aren’t a reason not to invest anymore. These procedures and words were invented by people (who have weaknesses, who are sometimes foolish, sometimes too ambitious or who want to take advantage of your own faults), but for the people also. And, because you, the reader, are here to use their information you are proving yourself to be human. You should now endeavor to understand what others have so much worked to teach. Yes, you might stumble upon different terms that place you in a difficult situation: Wash trade, Whipsaw, vostro Accounts and abbreviations like: EDI, ECU, EMS, EFT, G7 or G10. But you will also find the answers to all of your questions from the same people that use these terms.

Currency trading speaks about money and finance and business, so about people and their wishes of great wealth. Trading in general talks about human psychology — something that should be taken into consideration usually. The risk that exists in trading has a direct effect on the trader. Therefore bad transactions are made because of hesitation, fear of making a choice that might lead to loss of money and lack of faith. The advice: “trade only as much as you can afford to lose” was given just because of these reasons. Currency trading has less to do with psychology than other trading systems, but it still reefers to people and the way they think.

So human weaknesses can be taken advantage of (you can profit from someone else or someone else will profit because of you). The good aspect of currency trading is that buying and selling currencies is safer than other risky markets because the psychological factor weights less here. But, if you want to make sure that you are in control of the situation, don’t forget you are human! Read articles and lose the weaknesses!

There are hundreds of interesting titles on the net: “Currency Trading, Advantages and Disadvantages”, “Online Currency Trading is a reality”, “Learn Currency Trading, Forex Strategies, Forex Software, Forex Investment”, “Make your own story of currency trading success”, “Risks in Currency Trading”, “Trading currencies is easy for everyone”…. There is so much free information about any aspect of the investment world that if you ever lose money because of lack of knowledge you won’t have any excuse. Learn from what you read and “knowledge will set you free” (in this case make you rich!) Don’t even think for a minute that you are wasting your time reading because you are actually investing right now.

If you don’t know where to start, think of the keywords that are mostly used for the foreign exchange market: “Currency trading” and “Forex trading” and use these terms together with the word “article” in the Google search engine. Google will display 222,000 and 608,000 links to sites that have categories or articles referring to this topic. You can enjoy your readings thinking they will actually be useful.

Don’t forget you are human and you need discipline, planning, management and information to get rich. You are behind Currency trading and you need to know how things and other people work before making any investment. If risk is not your business than wisdom should let you know that no one can guarantee 100% earnings without any loss. You are the one investing your money so you should first learn to do this and then be prepared for anything. Investment winnings are just as unpredictable as people are.

by: Amelie Mag

Forex Profits

2008-08-10T16:11:00.002+07:00

Forex, FX and the Forex market are some common abbreviations for the Foreign Exchange market. Actually it is the largest financial market in the world, where money is sold and bought freely. In its present condition the Forex market was launched in the seventies, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from demand and supply. As far as the freedom from any external control and free competition are concerned, the Forex market is a perfect market.

With a daily turnover of over trillions of dollars, the Foreign Exchange market conducts more than three times the aggregate amount volume of the United States Equity and Treasury markets combined. The Forex market is an over-the-counter market where buyers and sellers conduct foreign exchange business using different means of communication.

Unlike other financial markets, the Forex market has no physical location or central exchange. Since the Forex market lacks a physical exchange, the market trades continuously on a 24-hour basis, moving from one time zone to the next, across each of the world’s major financial centers every day. Trillions of dollars of foreign exchange activity takes place every day. From 1997 to the end of 2000, daily forex trading volume surged approximately from US$5 billion to US$1.5 trillion and more (according to various recent studies it has touched $1.7 trillion per day and dwarfs all other markets for trading in size and volume). It is really difficult, if not impossible; to determine an absolutely exact number because trading is not centralized on an exchange. But one thing is for sure that the Forex market continues to grow at a phenomenal rate.

Before the advent of Internet and ecommerce, only big corporations, multinational banks and wealthy individuals could trade currencies in the Forex market through the use of the proprietary trading systems of banks. These systems required as much as US$1 million to open an account. Thanks to advancements in online technology, today investors with only a few thousand dollars can have access to the Forex market 24 hours a day and around 5 ½ days of a week.

The Forex market is a nonstop cash market where currencies of nations are traded, typically via brokers called forex brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets while traders increase or decrease value of an investment upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events so it is also considered to be a highly volatile and fragile market too. Conditions of the Forex market never remain the same they changes every second.

The foreign exchange market dwarfs the combined operations of the New York, London, and Tokyo futures and stock exchanges. According to its size and scope it is many times larger than all other markets. Stats shows that spot transactions and forward outright Forex trading take place in the inter-bank market. 51% of the market is in spot Forex transactions, followed by 32% in currency swap transactions. Forward outright Forex transactions represent another 5% of this daily turnover, with options on ‘interbank’ Forex transactions making up another 8%. Therefore the inter-bank market accounts for 96% of the global foreign exchange market, with the remaining 4% being divided among all the global futures exchanges.

For traders, Forex trading provides an alternative to stock market trading. While there are thousands of stocks to choose from, there are only a few major currencies to trade (the Dollar, Yen, British Pound, Swiss Franc, and the Euro are the most popular). Forex trading also provides a lot more leverage than stock trading, and the minimum investment to get started is a lot lower. Add to that the ability to choose flexible trading hours (forex trading goes on 24 hours a day) and you have the reason why so many stock traders have flocked to day trade currencies.

by: Anthony Trister

5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading

2008-08-10T16:11:00.001+07:00

With the amazing growth of the forex market, you are going to see an astounding amount of traders lose all their money. Unfortunately, they haven't followed the simple steps I have laid out for you. Go through these steps and give yourself the greatest opportunity to achieve your goals.

1. Have Faith In Yourself

To reach the level of elite forex trader, you must trust in yourself and your forex trading education. You must be willing to make all your trading decisions, instead of relying on someone else's thoughts or ability (or lack of). Of course, you will prepare yourself fully before every risking any money.

2. Accept Your Learning Curve

Unless you are a veteran trader, you will lose money trading the Forex market. This is a near certainty. I don't say this to talk you out of trading. In fact, quite the opposite. You will be trading against others that fall to this reality day in and day out. You, however, will not risk a dime until you have learned the skills you need to make money trading the forex.

3. Decide What Type of Trader You Are

There are many ways to trade the forex. They range from very active to very patient. You must decide which style suits you best. The best time to learn this about yourself is while you are trading a demo account. There is no need to allow your learning curve to cost you money.

4. Get Educated

Education is the shortest path to elite forex trading. Regardless of your ultimate goals, you will reach them quicker with a great forex trading education. Take some time to review different options before deciding on who to trust with your forex trading education needs. A forex seminar will help shorten your learning curve drastically.

5. Continue to Get Educated

In order to achieve and retain elite forex trading skills, you must constantly be adding to you knowledge base. Your education should never end. In fact, one of the key points to look for in an elite forex trading course is ongoing education. It's nice to have an ongoing relationship with the person/people helping you to achieve your goals.

What separates an elite forex trader from all others is their desire and ability to be independent. Many traders are willing to follow signals, systems, strategies, or anything else you may call them. By taking this approach, however, these traders are only as good as the people they follow.

An elite forex trader will lead. Their decisions will be calculated and analyzed to near perfection. They will make decisions with no hesitation, and handle the growth of their account in a predetermined, intelligent fashion. Take your trading to their level and you will never look back.

by: Eddie Yakubovich

Advantages of the Forex Market

2008-08-10T16:10:00.000+07:00

What are the advantages of the Forex Market over other types of investments?

When thinking about various investments, there is one investment vehicle that comes to mind. The Forex or Foreign Currency Market has many advantages over other types of investments. The Forex market is open 24 hrs a day, unlike the regular stock markets. Most investments require a substantial amount of capital before you can take advantage of an investment opportunity. To trade Forex, you only need a small amount of capital. Anyone can enter the market with as little as $300 USD to trade a “mini account”, which allows you to trade lots of 10,000 units. One lot of 10,000 units of currency is equal to 1 contract. Each “pip” or move up or down in the currency pair is worth a $1 gain or loss, depending on which side of the market you are on. A standard account gives you control over 100,000 units of currency and a pip is worth $10.

The Forex market is also very liquid. When trading Forex you have full control of your capital.

Many other types of investments require holding your money up for long periods of time. This is a disadvantage because if you need to use the capital it can be difficult to access to it without taking a huge loss. Also, with a small amount of money, you can control

Forex traders can be profitable in bullish or bearish market conditions. Stock market traders need stock prices to rise in order to take a profit. Forex traders can make a profit during up trends and downtrends. Forex Trading can be risky, but with having the ability to have a good system to follow, good money management skills, and possessing self discipline, Forex trading can be a relatively low risk investment.

The Forex market can be traded anytime, anywhere. As long as you have access to a computer, you have the ability to trade the Forex market. An important thing to remember is before jumping into trading currencies, is it wise to practice with “paper money”, or “fake money.” Most brokers have demo accounts where you can download their trading station and practice real time with fake money. While this is no guarantee of your performance with real money, practicing can give you a huge advantage to become better prepared when you trade with your real, hard earned money. There are also many Forex courses on the internet, just be careful when choosing which ones to purchase.

by: Heather Redmond

How Forex Affects Us All

2008-08-10T16:09:00.000+07:00

You may not be involved in Forex trading directly, but the fact remains that you are affected by what occurs in foreign exchange trading every day.

Here are some examples of how this constant flow of currency trading makes an impact on your daily life.

Perhaps the most obvious impact is that currency trading makes an impact on the price you pay for goods and services.

Should you happen to live in a country where the comparative value of your currency falls in comparison to that of other countries, you could find yourself paying a higher price for items that you are used to purchasing at a relatively inexpensive rate.

The reason is that the rate of exchange for imported goods would have changed and chances are the brunt of that change will be passed on to you, the consumer.

These goods may include anything from petroleum products to underwear.

Another way that changes in trading currency impact you is the simple ability to obtain goods and services.

A severe enough change in the rate of exchange could mean that it is no longer viable for certain types of business commerce to continue.

The result will be that you may find that some items that you are used to purchasing regularly will at first become much scarcer and carry a higher price tag, but ultimately no longer be available to you at all.

This will require you to change your spending habits and settle for other goods that you may consider being of lesser quality.

An extreme example would be if you were no longer able to get the imported car parts you need for your vehicle and had to turn to either generic replacements or used parts.

Your investments may also be impacted as well.

While the stock exchange is a totally different process from currency exchange, the fact of the matter is that they do impact one another.

Adverse changes in the rate of exchange can mean your stocks may slow down their process of earning money for you, especially if the stocks happen to be investments in retail companies or any entity that relies heavily on foreign trade.

Changes in your portfolio of course make a difference to your overall financial health, and may especially hurt if your stock portfolio happens to also be your form of retirement plan.

Many people do not give the trading of currency a second thought. Nevertheless, this process that is in a constant flow every day does reach out and touch the lives of each of us in some way. We may find ourselves paying higher prices for goods or services that we are used to enjoying.

In some cases, we may have to substitute for a lesser product, due to lack of availability. We may see our overall financial health impacted, even to the point of wondering about our future and retirement. Keeping up with Forex trading is a good idea for all of us.

It should be noted Forex trading involves substantial risk of loss and is not suitable for all investors.

by: Geri Mason

Forex Brokers

2008-08-10T16:08:00.000+07:00

Most FOREX traders use a broker to handle their transactions. What exactly is a broker? Strictly speaking, a broker is an individual or a company that buys and sells orders according the investor's decisions. Brokers earn money by charging a commission or a fee for their services.

A FOREX broker needs to be associated with a large financial institution such as a bank in order to provide the funds necessary for margin trading. In the United States a broker should be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.

Before trading FOREX you need to set up an account with a FOREX broker. You may feel overwhelmed by the number of brokers who offer their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.

The best advertising is word-of-mouth advertising, and this is just as valid in FOREX trading as it is for any other type of business. Talk to friends and associates to see who they are dealing with and find if they have any complaints or difficulties in dealing with a particular broker.

You could try selecting a few online brokers and contact their Internet help desks to see how quickly they respond to enquiries and whether or not they answer questions to your satisfaction. Keep in mind, however, that pre-sales service may be better than after sales service. This can be true for any online business, not just FOREX brokers.

Customer satisfaction and safety are just part of the story. You want to find a broker who executes orders quickly and with minimum slippage. All online brokers should offer automatic execution and have clear policies regarding slippage. They should be able to tell you how much slippage can be expected in both normal and fast-moving markets.

Next you want to know the fees involved. What is the spread? Is spread fixed or variable according to the type of account? Are mini accounts subject to wider spreads? Are there any other charges? Smaller spreads mean more profit for the trader, but there may be a trade-off between spread and service. Look at the overall picture before deciding to go with a particular broker.

Margin accounts are the lifeblood of FOREX trading, so be sure you understand the broker's margin terms before setting up an account. You need to know the margin requirements and how margin is calculated. Does margin change according to the currency traded? Is it the same every day of the week? Some brokers may offer different margins for mini and standard accounts.

Trading software is very important for the online FOREX trader. Get a feel for the options that are available by trying out a demo account at a few online brokers. Above all, you are looking for reliability and the ability to perform well in fast-moving markets. The software should offer automatic trading and may have special features such as trailing stops and trading from the chart. Some features may only be available at an extra cost, so be sure you understand what your trading needs are and how much the broker charges to provide them.

Other information to find out about includes the broker's policy regarding minimum account balances, interest payments on account balances, which currencies can be traded and whether or not non-standard sized lots can be traded. You should also find out whether clients' funds are insured and the extent of that insurance.

by: Simon Harris

Emotional? Get Ready To Lose Your Shirt In The Forex Game!

2008-08-10T11:34:00.001+07:00

“Go with your gut.”

Yeah right. That's advice to doom you at the currency exchange game.

When it comes to forex trading, that’s a trading strategy that is bound to lose you money – unless your gut is highly trained and impervious to emotion. The trick to making money in the currency exchange market is to avoid making emotional decisions and follow a carefully thought out strategy that takes the current market and history into account.

Forex trading is a highly volatile market. Emotions tend to run high – and low – and either of those extremes can influence your trading decisions, unless you have a strategy planned in advance, and stick to it, no matter what you THINK you’re seeing at the moment. The keys to success in Forex are system, analysis and perseverance. Note that emotion is not one of them. Going with your gut is a losing proposition in forex trading.

Letting your emotions rule your decisions can hurt your trading in several different ways. It’s the reason that most experienced traders tell novice traders that they need to develop a system – and stick to it no matter what. The system tells you when to buy, what to buy, when to trade and what to trade for. By sticking to your system even when you want to fly in the face of accumulated data, you’ll maximize your profits.

A system based on technical analysis of historical market trends is one of the most potent tools that you can utilize if you’re just getting started in forex trading – and many traders with years of experience continue to use their system to keep the profits rolling in. In fact, many will tell you that when their ‘gut instinct’ and their system collide, the system is almost always right.

The third key is perseverance. Analysis of trends in the market will show you that the market moves in dips and spurts within overall patterns that are predictable. No trend moves smoothly in an up or down line – there are inevitable periods of time when values suddenly spiral up or down based on some outside factor. These are the times when emotion can hurt your portfolio. When a currency that you’re holding takes a sudden dip south, it’s tempting to succumb to panic trading, cut your losses and run even if your system tells you to hold on. On the other hand, it’s easy to catch the rising excitement as a trade starts increasing in value and scramble to buy more of the same. These are exactly the times to rely most heavily on your trading system. It will tell you exactly when to trade for maximum profit.

Using a mechanical system takes the emotion out of your trading, eliminating one of the key factors that people fail. Your system doesn’t get stubborn about proving a theory. It isn’t swayed by bad news, or elated by good news. It doesn’t hold onto a bad trade hoping against hope that if it just holds on long enough, the trend will turn around and become a moneymaker.

To be effective, your system – whether you develop your own or adopt one created by someone else – should identify the entry point of your trade, the exit point of your trade, mitigating factors, and an exit strategy. In laymen’s terms that means:

- Under what conditions should I acquire a currency?
For instance, you may have a buy order for when a particular currency drops more than 5 pips because your analysis tells you that that’s likely to be as low as it goes.

- Under what conditions should I trade that currency for another – and which one?
There are two reasons to exit – to maximize your profit, or minimize your loss. That means you have a set stop-loss order and a set take-profit order at which point to cash out your trade.

- What factors will I allow to change that decision?
If you’re not careful, this is where emotion will sour deals for you. While the money market moves in predictable patterns, there are always individual variations of a trend within those patterns. If you’ve taken those variations into account, it will be far easier to decide when a factor really does make a difference, and when it’s just wishful thinking.

- How will I trade out of a currency?
Your exit strategy may be as simple as ‘a stop-loss order when my loss hits 5% or a take-profit order when I’ll make 40% profit’.

By employing a system to tell you when to get in, out or stick, you’ll minimize the impact of your emotions on your trading and maximize your profit.

by: Joseph Plazo

Choosing A Forex Strategy

2008-08-10T11:33:00.000+07:00

Technical analysis and fundamental analysis are the two basic areas of strategy in the FOREX market which is the exact same as in the equity markets. However, technical analysis is by far the most common strategy that is used by individual FOREX traders. Here is a brief overview of both forms of analysis and how they directly apply to forex trading:

Fundamental Analysis

If you think it's hard enough to value one company, you should try valuing a whole country instead. Fundamental analysis in the forex market is often an extremely difficult one, and it's usually used only as a means to predict long-term trends. However it is important to mention that some traders do trade short term strictly on news releases. There are a lot of different fundamental indicators of the currency values released at many different times. Here are a few of them to get you started:

* Non-farm Payrolls
* Purchasing Managers Index (PMI)
* Consumer Price Index (CPI)
* Retail Sales
* Durable Goods

You need to know that these reports are not the only fundamental factors that you have to watch. There are also quite a variety of meetings where you can get some quotes and commentary that can affect markets just as much as any report. These meetings are often brought out to discuss any interest rates, inflation, and other issues that have the ability to affect currency values.

Even changes in how things are worded when addressing certain issues such as the Federal Reserve chairman's comments on interest rates; can cause a volatile market. Two important meetings that you have to watch out for are the Federal Open Market Committee and Humphrey Hawkins Hearings.

Just by reading the reports and examining the commentary, it can help FOREX fundamental analysts to get a better understanding of any and all long-term market trends and also to allow short-term traders to be able to profit from extraordinary happenings. If you do decide to follow a fundamental strategy, you will want to be sure to keep an economic calendar handy at all times so you know when these reports are released. Your broker may also be able to provide you with real-time access to this kind of information.

Technical Analysis

Just like their counterparts in the equity markets, technical analysts of the FOREX trading market analyze price trends. The only real difference between technical analysis in FOREX and technical analysis in equities is the time frame that is involved in that FOREX markets are open 24 hours a day.

Because of this, some forms of technical analysis that factor in time have to be modified so that they can work with the 24 hour FOREX market. Some of the most common forms of technical analysis used in FOREX are:

* The Elliott Waves
* Fibonacci studies
* Parabolic SAR
* Pivot points

A lot of technical analysts have a tendency to combine technical studies to make more accurate predictions on your behalf. (The most common method for them is combining the Fibonacci studies with Elliott Waves.) Others prefer to create trading systems in an effort to repeatedly locate similar buying and selling conditions.

Choosing Your Strategy

Most successful traders will develop a strategy and perfect it over a specific period of time. Some people will focus on one particular study or calculation, while still some others use broad spectrum analysis as a means of determining their trades. Most experts would likely suggest that you try using a combination of both fundamental and technical analysis, with which you can make long-term projections and also determine entry and exit points. Of course, in the end, it is the individual trader who has to decide what works best for him.

When you are ready to get started in the FOREX market, you should open a demo account and paper trade so that you can practice until you can make a consistent profit. Many people who fail have a tendency to jump into the FOREX market and quickly lose a lot of money because of a lack of experience. It is important to take your time and learn to trade properly before you start committing capital.

You also need to be ale to trade without emotion. You can’t keep track of all stop-loss points if you don't have the ability to execute them on time. You must always set your stop-loss and take-profit points to execute automatically, and don't change them unless you absolutely have to. Make your decisions and stick to them. Otherwise you will drive yourself and your brokers crazy.

You should also realize that you need to follow the trends. If you go against the trend, you are just messing with your money because the FOREX market tends to trend more often than anything else and you will have a higher chance of success in trading with the trend.

The FOREX market is the largest market in the world, and every day people are becoming increasingly interested in it. But before you begin trading, make sure your broker meets certain criteria, and take the time to find a trading strategy that works for you.

by: Giles Windholm

A Short Introduction To FOREX

2008-08-10T11:32:00.000+07:00

FOREX is the world’s largest and most liquid trading market. Many consider FOREX as the best home business you can ever venture in. Even though regular people have had the opportunity to take part in trading foreign currencies for profit (in the same way banks and large corporations do) since 1998, it is just now becoming the cool, hip, new "thing" to talk about at parties, business events, and other social gatherings.

Even though it has been somewhat of a loosely guarded secret, every day more and more investors are turning to the all-electronic world of FOREX trading for income and profit because of its numerous benefits & advantages over traditional trading vehicles, like stocks, bonds and commodities.

But, still, whenever something seems new or is just becoming a part of social conversation, news articles, and water cooler gossip, misconceptions have to be overcome, the mind has to be open and the slate has to be clear for starting out fresh with the CORRECT information.

So, in this article, it is my attempt to give you some solid, but not over-detailed, information on just what the heck "FX" (FOREX) means, what it is, and why it exists.

As a successful trader said, Trading FOREX is like picking money up off the floor. Not trading FOREX is like leaving it there for someone else to pick up." Others in the industry have also said, Trading FOREX is like having an ATM machine on your own computer.

Here's an explanation (one I feel you'll appreciate) of what FOREX is and how a bunch of traders, profit from it:

The Foreign Exchange Market, also referred to the "FOREX" or "FX" market, is the spot (cash) market for currency.

But, don't mistake FX as trading the futures market, where you buy a contract to purchase a particular currency at a future price in time.

What FX traders do is much less risky than trading currencies on the futures market, much more profitable, and a lot easier, than trading stocks.

So, you're probably wondering where it's at ... or ... how to access the FX market?

The answer is: FX Trading is not bound to any one trading floor and is not centralized on an exchange, as with the stock and futures markets. The FX market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.

Yes, if that's the first time you've heard about an all-electronic market, I know this may sound somewhat intriguing to you.

Here's what you are actually trading when you participate in the Foreign Exchange (FOREX) market:

Essentially, like the large banks who use the FX market to protect themselves from the fluctuating exchange rate of different currencies, as an investor, what a FX trader is doing is simultaneously exchanging one countries currency for another. So, in actuality, they're electronically trading a currency-pair and the price that is quoted to us is the exchange rate between the two currencies.

In other words, simply the quoted price is how many of the one currency is worth 1 of the other currency.

Example:

EUR/USD last trade 1.2850 - One Euro is worth $1.2850 US dollars.The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.

The FOREX has a DAILY trading volume of around $1.5 trillion dollars - 30 times larger than the combined volume of all U.S. equity markets. This means that 1,498,574 skilled traders could each take 1 million dollars out of the FOREX market every day and the FOREX would still have more money left than the New York Stock exchange every day!

The FOREX plays a vital role in the world economy and there will always be a tremendous need for the FOREX. International trade increases as technology and communication increases. As long as there is international trade, there will be a FOREX market. The FX market has to exist so a country like Japan can sell products in the United States and be able to receive Japanese Yen in exchange for US Dollar.

There's plenty of money to be made using FOREX for plenty of traders that use the right trading techniques / tactics that will allow them to profit immensely. And, with only 5% of the daily turnover of volume coming from banks, government and large corporations who need to hedge, the other 95% is for speculation and profit.
http://www.1-forex.com

by: Adrian Pablo

Forex Avenue: The Road to Riches

2008-08-10T11:31:00.000+07:00

In my continuing quest to provide visitors of my site with a large amount of options to chose from when considering working from home I have done some research on Forex trading. I first learned of Forex trading while pursuing my MBA program. For those of you who have never heard of this, Forex trading is the exchange of foreign currency.

I know I would have never even know this was an option for making money had I not found out in class. Most of the really big corporations have departments of people that do this for a living because it can be very lucrative if done correctly. The best news I have learned about this process of exchanging currencies is that many of the websites that you can sign up with to do this offer free trial accounts to help you learn before you invest your money into trying it. You won’t make any money in the trial accounts if you do well, it is just pretend money essentially but with the real market conditions. If you do well in the trial account you will know if this is something you want to try on your own.

Benefits to Forex trading are that is can be done 24/7 whereas the stock market is a business hours only exchange. It is 24/7 because it is done with countries around the world so clearly there are countries that are awake and working while we sleep. Another benefit is you are in control of the trading on your account. You do not need to hire a licensed broker to make your trades and charge you fees. Along those same lines, anyone who does any investing most likely knows that some funds require you to own then for a certain period of time or pay early withdrawal fees. You do not need to concern yourself with this either. One last benefit that I would like to point out is the fact that Forex is not really subject to the same kinds of swings in the market that stocks are subject to. Of course if you always buy and sell the same currencies then there will be market swings. But, because there are hundreds of currencies out there, there is always going to be something for you to make money on because while one currency is up in value another one is down and vice versa.

There are many resources available to someone interested in becoming involved in this type of training. The Federal Reserve Bank’s website is just one example of the information available, http://www.ny.frb.org/markets/foreignex.html. Here is another article that you will find helpful in starting out in this field. http://www.forex.com/pdf/pro2.pdf . I have also included one of the sites that does offer a free lesson. http://www.shareasale.com/r.cfm?b=44910&u=155496&m=8912 .

While there are many benefits to this type of training, as I mentioned above, there are certainly risks involved as well. There are risks with exchange rates, central banks in foreign countries, and risks involving interest rates and credit. Forex is quickly becoming a popular way to help diversify your investment portfolio. If you are good with understanding investing concepts and enjoy doing it this may be the home business opportunity for you. Just do your research and try to find one of the sites offering the free trial account to practice with and you are well on your way down the Road to Riches.

by: Scott Bianchi

FOREX Trading Strategies

2008-08-10T11:30:00.001+07:00

The world of trading and investment can be as frustrating as it can be rewarding! And FOREX (Foreign Exchange) is no exception - often described as risky, profitable and complicated.

Forex is the largest trading market in the world.

Forex is the worldwide market for buying and selling currencies. These markets were developed to cater for the supply and demand of different currencies by governments, companies and individuals - for international trade and assisting importers and exporters.

Therefore those who trade in this market include consumers, businesses, investors, speculators and the banking industry.

Different countries use different currencies - which vary in their values against each other. Forex trading invovles the buying and selling of two currencies - trading pairs - you are selling one and buying another eg you may use the US dollar to purchase British pounds - if the supply of the pound lessens - it will cost more dollars to buy pounds - the Forex trader hopes to sell their pounds at a higher price than the purchase price.

A speculator in Forex is someone who accepts the possibility of adverse exchange-rate movements in the hope of making a profit from favourable movements in currency.

As a speculator you should always start trading with a small amount and have a trading system - which tells you when to get in and out of the market. It is a favourite option for currency traders as you can trade the Forex market 24 hours per day and the transaction costs are minimal.

This market - because of its sheer size - is hard to be manipulated - which stocks can be - it is more likely to be influenced by global news or events. Hence, the opportunity for 'insider trading' is eliminated.

However - beware -Forex brokers estimate that 90% of traders lose their money; 5% break even and only 5% achieve profitable results!

by: Gay Redmile

Introduction To Online Forex Trading

2008-08-10T11:29:00.001+07:00

Today and average person can learn forex trading. The sale or trading of currency is at the heart of what forex is all about. As exchange rates fluctuate and the economies of countries go up and down, these investments in cash behave in value very much like the regular stock market.

When you are in the Forex trading market you will find it operates 24 hours a day giving you access to trades when ever you want. Unlike with other markets, such as the stock exchange, you can continue dealing with the currency trading market without worries over it closing at the end of the day. The beauty of forex websites is that they allow you to monitor the market in real time when ever you choose. This really helps in the learning process.

You'll also be provided with tools that will help you understand the mechanics of trading. This is a clear advantage because you can hone your trading skills before laying down your own money in the market.

When you think of it, the forex firms are training you to become skilled at trading for free by providing guidance, demos and news at no additonal cost. It won't take long to feel comfortable in trading. Soon you'll be making money investing as little as $300.

Thanks to the internet, learning the currency market has made it easier for even a regular guy to successfully earn money. Currency representatives, called forex brokers, will most likely provide you with access to the forex market.

Similar to stock brokers, forex brokers are there to help. They can consult with you and provide market information and trading strategies. The advice extends to everything needed to become successful trading forex which includes technical analysis and fundamental analysis data. It is only natural that large financial institutions try to monopolize the market because it provides such a solid return on investment.

Profitable results are there for the taking even for an individual investor with a few dollars, because of the easy access to the internet. As I stated earlier, the online forex companies have been making powerful free tools available to educate and improve the knowledge of new investors.

The best way to choose a forex broker is to decide on what you need at the moment. Many forex internet sites provide a bevy of tools for the beginning trader including detailed research, online trading simulators, and expert technical advice. You will find that some sites offer access to experienced professional forex traders that make themselves available for questions and advice to forex traders at various skill levels. All of these tools are available to beginners to try out.

While many people who actively trade today have had to learn to use the tools available on the internet in the midst of doing business, these tools will be second nature to those who will come after them. Future generations of forex traders will know how to use the full power of forex trading tools that are available to them and they will be the most powerful group of investors that any economy in any market has ever seen.

by: Jim Wilson

The History of FOREX Trading

2008-08-10T11:28:00.002+07:00

The origin of FOREX trading traces its history to centuries ago. Different currencies and the need to exchange them had existed since the Babylonians. They are credited with the first use of paper notes and receipts. Speculation hardly ever happened, and certainly the enormous speculative activity in the market today would have been frowned upon.

In those days, the value of goods were expressed in terms of other goods(also called as the Barter System). The obvious limitations of such a system encouraged establishing more generally accepted mediums of exchange. It was important that a common base of value could be established. In some economies, items such as teeth, feathers even stones served this purpose, but soon various metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value. Trade was carried among people of Africa, Asia etc through this system.

Coins were initially minted from the preferred metal and in stable political regimes, the introduction of a paper form of governmental I.O.U. during the Middle Ages also gained acceptance. This type of I.O.U. was introduced more successfully through force than through persuasion and is now the basis of today’s modern currencies.

Before the First World war, most Central banks supported their currencies with convertibility to gold. However, the gold exchange standard had its weaknesses of boom-bust patterns. As an economy strengthened, it would import a great deal from out of the country until it ran down its gold reserves required to support its money; as a result, the money supply would diminish, interest rates escalate and economic activity slowed to the point of recession. Ultimately, prices of commodities had hit bottom, appearing attractive to other nations, who would sprint into buying fury that injected the economy with gold until it increased its money supply, drive down interest rates and restore wealth into the economy.. However, for this type of gold exchange, there was not necessarily a Centrals bank need for full coverage of the government's currency reserves. This did not occur very often, however when a group mindset fostered this disastrous notion of converting back to gold in mass, panic resulted in so-called "Run on banks " The combination of a greater supply of paper money without the gold to cover led to devastating inflation and resulting political instability. The Great Depression and the removal of the gold standard in 1931 created a serious lull in FOREX market activity. From 1931 until 1973, the FOREX market went through a series of changes. These changes greatly affected the global economies at the time and speculation in the FOREX markets during these times was little.

In order to protect local national interests, increased foreign exchange controls were introduced to prevent market forces from punishing monetary irresponsibility.

Near the end of World War II, the Bretton Woods agreement was reached on the initiative of the USA in July 1944. The conference held in Bretton Woods, New Hampshire rejected John Maynard Keynes suggestion for a new world reserve currency in favor of a system built on the US Dollar. International institutions such as the IMF, The World Bank and GATT were created in the same period as the emerging victors of WWII searched for a way to avoid the destabilizing monetary crises leading to the war. The Bretton Woods agreement resulted in a system of fixed exchange rates that reinstated The Gold Standard partly, fixing the USD at $35.00 per ounce of Gold and fixing the other main currencies to the dollar, initially intended to be on a permanent basis.

The Bretton Woods system came under increasing pressure as national economies moved in different directions during the 1960’s. A number of realignments held the system alive for a long time but eventually Bretton Woods collapsed in the early 1970’s following president Nixon's suspension of the gold convertibility in August 1971. The dollar was not any longer suited as the sole international currency at a time when it was under severe pressure from increasing US budget and trade deficits.

The last few decades have seen foreign exchange trading develop into the world’s largest global market. Restrictions on capital flows have been removed in most countries, leaving the market forces free to adjust foreign exchange rates according to their perceived values.

The European Economic Community introduced a new system of fixed exchange rates in 1979, the European Monetary System. The quest continued in Europe for currency stability with the 1991 signing of The Maastricht treaty. This was to not only fix exchange rates but also actually replace many of them with the Euro in 2002. London was, and remains the principal offshore market. In the 1980s, it became the key center in the Eurodollar market when British banks began lending dollars as an alternative to pounds in order to maintain their leading position in global finance.

In Asia, the lack of sustainability of fixed foreign exchange rates has gained new relevance with the events in South East Asia in the latter part of 1997, where currency after currency was devalued against the US dollar, leaving other fixed exchange rates in particular in South America also looking very vulnerable.

While commercial companies have had to face a much more volatile currency environment in recent years, investors and financial institutions have discovered a new playground. The FOREX exchange market initially worked under the central banks and the governmental institutions but later on it accommodated the various institutions, at present it also includes the dot com booms and the world wide web. The size of the FOREX market now dwarfs any other investment market. The foreign exchange market is the largest financial market in the world. Approximately 1.9 trillion dollars are traded daily in the foreign exchange market. It is estimated that more than USD 1,200 Billion are traded every day. It can be said easily that FOREX market is a lucrative opportunity for the modern day savvy investor.

by: Divyansh Sharma

Types of Forex Trading and Strategies

2008-08-10T11:28:00.001+07:00

The foreign exchange market, or forex, being the largest financial market in the World has been the domain of government central banks as well as for commercial and investment banks in a scandalous manner and it exists wherever one currency is traded for another. But recently more numbers of individuals are handling the forex market as it offers trading 24-hours a day, five days a week, and the daily dollar volume of currencies traded in the currency market that exceeds $1.9 trillion daily, making it the largest liquid market in the world.

"Foreign Exchange" is the place where the money of one nation is traded with the other nation. The most popular pair of exchange in the forex market is "Euro Dollar". You can view these pairs in all forex display screens as "EUR/USD". Forex trading strategies are the key to triumphant forex trading or online currency trading. The management team of One World Capital Group bid proficiency in both Forex trading and internet technologies and proven track records that deals with large, global trading and brokerage operations as well. Forex made easy is as simple as you would want it to be.

Forex trading is different from trading in stocks entirely and it uses Forex trading strategies that will give you lot of advantages as well as help you to comprehend greater profits in the short term. There are wide ranges of forex trading strategies that are available to investors. It is one of the most useful of these forex trading strategies called as leverage. Knowledge of these Forex trading strategies can imply the difference between profits along with a loss and so it is essential that you fully grasp the strategies that are being used in Forex trading. The world of Forex trading is highly complicated and success requires education and familiarity with terms, charts, signals and indicators.

As you can be able to access it from home or office from any parts of the country, Global Forex trading is the most profitable and attractive internet income opportunity. And you do not need to do anything or there is no need of internet promotion for getting succeeded. Forex Capital Markets are nothing but foreign exchange markets where the currencies are been bought and sold continuously for profits. These capital markets of forex are present globally and their transactions are always non-stop in this forex cash market. A managed Forex account is forex made easy. Many different companies offer these accounts to their clients. The foreign exchange market is a worldwide market and as per to some estimates is almost as big as thirty times the turnover of the US Equity markets.

by: Usha Rani

Forex Trading: Learn How To Read A Forex Quote

2008-08-10T11:27:00.001+07:00

Forex is an abbreviated name for "foreign exchange." The Forex market is a non-stop cash market where the currencies of nations are bought and sold, typically via brokers. For example, you buy Euros, paying with U.S. Dollars, or you sell Euros for Japanese Yen.

The value of your Forex investment increases or decreases because of changes in the currency exchange rate or Forex rate. These changes often result from economic and political factors, such as the price of oil or political unrest. To better understand how the exchange rate can affect the value of your Forex investment, this article shows you how to read a Forex quote.

Forex quotes are always expressed in pairs. In the following example, your "pair" of currencies are the U.S. Dollar (USD) and the Euro (EUR). The Forex quote, USD/EUR = 265.50, means that one U.S. dollar is equal to 265.50 Euros. The currency to the left of the / (USD in this case) is referred to as base currency and its value is always 1. The currency to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one USD can buy 265.50 EUR, since it is the stronger of the two currencies.

Because the U.S. dollar is regarded as the central currency of the Forex market, it is always treated as the base currency in any Forex quote where it is one of the pairs. Incidentally, the U.S. Dollar is involved in nearly 90% of all Forex transactions.

In this example, your "pair" of currencies are the Japanese Yen (JPY) and the Euro (EUR). The Forex quote, JPY/EUR= 175.10, means that one Japanese Yen is equal to 175.10 Euros. The currency to the left of the / (JPY in this case) is referred to as base currency and its value is 1. The currency to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one JPY can buy 175.10 EUR, since it is the stronger of the two currencies.

The goal of any Forex trading system is to profit from foreign currency movements. This requires adequate training in basic Forex principles, such as performing a Technical Analysis, using Forex charts and Stop/Loss tools, and keeping up-to-date with economic and political events. In a sense, Forex training never ends.

by: Gregory DeVictor

The Sneaky Way To Managing Losses In Your Forex Trading

2008-08-10T11:26:00.001+07:00

One of the cardinal rules of Forex trading is to keep your losses small. With small Forex trading losses, you can outlast those times the market moves against you, and be well positioned for when the trend turns around. The proven method to keeping your losses small is to set your maximum loss before you even open a Forex trading position. The maximum loss is the greatest amount of capital that you are comfortable losing on any one trade. With your maximum loss set as a small percentage of your Forex trading float, a string of losses won`t stop you from trading. Unlike the 95% of Forex traders out there who lose money because they haven`t applied good money management rules to their Forex trading system, you will be far down the road to success with this money management rule.

What happens if you don`t set a maximum loss? Let`s look at an example. If I had a Forex trading float of $1000, and I began trading with $100 a trade, it would be reasonable to experience three losses in a row. This would reduce my Forex trading capital to $700. What do you think those 95% of traders say at this time? They would reason, “Well, I`ve already had three losses in a row. So I`m really due for a win now.”

They would decide they`re going to bet $300 on the next trade because they think they have a higher chance of winning.

If that trader did bet $300 dollars on the next trade because they thought they were going to win, their capital could be reduced to $400 dollars. Their chances of making money now are very slim. They would need to make 150% on their next trade just to break even. If they had set their maximum loss, and stuck to that decision, they would not be in this position.

Here`s a perfect illustration why most people lose money in the Forex trading market. Let`s start out with another $1,000 float, and begin our Forex trading with $250. After only three losses in a row, we`ve lost $750, and our capital has been reduced to $250. Effectively, we must make 300% return on the next trade and that will allow us to break even.

In both of these cases, the reason for failure was because the trader risked too much, and didn`t apply good money management. Remember, the goal here is to keep our losses as small as possible while also making sure that we open a large enough position to capitalize on profits. With your money management rules in place, in your Forex trading system, you will always be able to do this.

by: David Jenyns

Forex Trading

2008-08-10T11:25:00.001+07:00

So what is is Forex trading you may ask? Forex is the exchange you can buy and sell currencies. For example, you might buy British pounds (by exchanging them to the dollars you had), then, after pounds / dollar ratio goes up, you sell pounds and buy dollars again. At the end of this operation you are going to have more dollars, then you had at the beginning.

The Forex market has much higher liquidity, then the stock market, as much more money is being exchanged. Forex is spread between banks all over the planet and as a result it means 24 hour trading.

Unlike stocks, Forex trades are performed with high leverage, usually it is 100. It means that by investing $1000 you can control $100,000, and increase potential profits accordingly. Some brokers provide also so called mini-Forex, where the size of minimum deposit equals $100. It makes possible for individuals to enter this market easily.

The name convention. In Forex, the name of a "symbol" is composed of two parts - one for first currency, and another for the second currency. For example, the symbol usdjpy stands for US dollars (usd) to Japanese yen (jpy).

As with stocks, you can apply tools of the technical analysis to Forex charts. Trader's indexes can be optimized for Forex "symbols", allowing you to find winning strategy.

Example Forex transaction

Assume you have a trading account of $25,000 and you are trading with a 1% margin requirement. The current quote for EUR/USD is 1.3225/28 and you place a market order to buy 1 lot of 100,000 Euros at 1.3228, expecting the euro to rise against the dollar. At the same time you place a stop-loss order at 1.3178 representing a maximum loss of 2% of your account equity if the trade goes against you, 50 pips below your order price, and a limit order at 1.3378, 150 pips above your order price. For this trade, you are risking 50 pips to gain 150 pips, giving you a risk/reward ratio of 1 part risk to 3 parts reward. This means that you only need to be right one third of the time to remain profitable.

The notional value of this trade is $132,280 (100,000 * 1.3228). Your required margin deposit is 1% of the total, which is equal to $1322.80 ($132,280 * 0.01).

As you expected, the Euro strengthens against the dollar and your limit order is reached at 1.3378. The position is closed. Your total profit for this trade is $1500, each pip being worth $10.

by: Richard Goldie

Learn Forex Trading Strategy

2008-08-10T11:24:00.001+07:00

Are you interested in forex trading? If you are, you should probably start off by learning more about it and get some training.

Proper training is a must if you are going to be trading. There is a lot of money involved in forex trading. Without properly learning the forex market and how to trade forex, you can really lose a lot of money. However, you can also really make a lot of money once you know what you are doing. 90% of traders actually lose money in the forex market leaving only 10% of traders making money. Do you want to be part of the 90% or 10%? It is really up to you. Get the proper training to learn the forex market and start making money by trading forex. With the right training, you can learn how to start making money by trading forex in your very first month.

If you don’t even know what forex trading is at this point, you definitely need to get some proper forex training to learn it. To summarize what forex trading is, it is pretty much trading, or exchanging of one countries money for another countries money.

There are many places to get good forex training. There are also many places that can offer you poor forex training. There are many poor training systems out there that just want to take your money. However, there are also training systems out there that will actually teach you the forex market and show you how to trade so that you will make a profit.

The first thing you should learn is what forex trading actually is and how it works. The forex market is always changing so you need to be updated with the latest information and news regarding it. After understanding the basics of how the forex market works, you should then start learning more in depth detail of how to trade and earn a profit. While you are still learning how to trade forex, you should never manage an actual account. You should always start with a demo account before you actually try it for real and manage a real account.

For more information on where exactly to get the proper training needed to trade forex, visit http://www.netearnings.biz/forex/index.html

by: Kevin Anderson

Free Online Forex Trading Courses

2008-08-10T11:23:00.002+07:00

Over recent years online Forex trading has now become big business and certainly in the financial sector this is the biggest market of all in the world. The reason why this market has grown compared to the many other financial markets is because of the rise in the number of traders working online rather than using the more traditional method of trading by using the phone. Because of this increase there are a number of sites which are now offering to people the chance of learning about this through taking free online Forex trading courses.

However as with a lot of things in life today sometimes the best things in life are not for free and certainly the same could be said for many of these courses. When you are considering taking an online forex trading course, there are a number of things that you will need to take into consideration.

1. Who is offering this course?
2. Just why is it they are offering to provide you with a book to learn about Forex trading for free?
3. Are they actually offering this course because they are promoting a particular trading site and then want you to enroll on it?
4. Once you begin to read the book do you find that they are being extremely pushy when it comes to actually getting you to use a particular website to invest your money in?

The answers that you provide to the above questions will help to show you just how honest the information being provided to you for free is.

One way of discovering if the free online forex trading course that you are looking at is of the highest standard is by looking at how much of the information contained within it is replicated elsewhere. You will soon learn that a lot of the information you find in some of the free online forex trading course books can easily be found when you search the net.

So rather than using these books or courses to teach you how to trade on the Forex market instead use the advice and articles about the subject that are being offered on other sites. Plus why not join one of the many forums that have been set up and discuss your issues with some of the people here. They are people who have been trading on the Forex market for some time and will often offer you the best advice when it comes to finding a suitable course for learning about Forex trading.

Certainly the better free online Forex trading courses are those that do not limit themselves to telling you about how one company trades. Rather it should be providing you with views of all the sites that are available and which are run by established companies. Any such courses should be prepared to provide you with everything that you need to know about the world of Forex trading and not restrict you to using the services of just one or the abilities of one company.

by: Ricky Lim

Forex Trading and Risk-Return ratio

2008-08-10T11:23:00.001+07:00

Forex trading is fast becoming the top method of making money on the internet and plenty of average people are trying their hand at becoming millionaires. For most people, forex trading is a much needed source of a second income, to supplement their current single income from their main profession. However, the true potential to become very wealthy is not tapped by most such investors and they earn mere pennies on the dollar, compared with what they could be earning. While everyone has their own forex currency trading system, this will be in proportion to your risk appetite and will only bring the returns that you strive for.

While there are many ways to invest your money in currency, most people play safe by either investing small amounts or spreading their money very thin across the various currencies they are invested in. This makes for a very small return but practically no risk potential, since the bases are mostly covered so that if one currency depreciates, the other appreciates and the losses are minimal. However, clearly this will never make the forex trader a millionaire.

Life is short, and most forex trading millionaires made their money fast off the forex market. These individuals are generally highly leveraged, because they know that money makes money, and the more money they invest, the greater the risk and the greater the potential reward. Also, betting on unlikely currencies is risky and can have a huge potential upside.

So what exactly will leveraging yourself mean for you? You can start with a portfolio, meaning that you put your investment towards buying a part of the forex trading. Then, you buy shares of the forex trading the world over, depending on what countries appeal to you. The prices of these shares may rise slowly to increase your portfolio, and you are still playing safe. Once your total portfolio value goes over the 5000 dollar mark, you as a forex trader can apply for something known as a console, which now puts you in the position to act as an agent for others. At this point, you can process exchanges for small investors who want to buy and sell currencies through you. For each transaction processed, you will earn a fee of 6% and this can roll into your portfolio, increasing further, making your status as a forex trader more credible.

Other than an unlikely event such as a war or natural calamity, nothing on the forex market will give you a sudden unexpected windfall. Do not expect to become a millionaire over night. You will have to plan and strategize, and most importantly, leverage yourself, to truly make a lot of money. The forex market will generally move like the stock market, in small digits and only when you have plenty of money spread out on the forex market do you stand a chance of making a great deal of profit.

While this type of trading is not for the faint hearted, experience in forex trading will bring some confidence to your forex trading strategy, especially as you learn which systems work for you and which don't. As your level of confidence grows, the process will seem much less daunting. However, it is great to be cautious and be sure of any risks you take. That said, do remember that millionaires are always highly leveraged in the forex market – take calculated risks.

by: Andrew Daigle

How To Choose a Forex Trading System That Works and Suits You

2008-08-10T11:22:00.000+07:00

There are so many different trading systems you could use to trade the forex market, some better suited to certain people than others. For example some people may find it easier to comprehend and take into account fundamental factors as opposed to looking at a screen covered in technical indicators, and vice-versa.

The first logical step in determining what type of trading system would best suit you is actually being aware and understand the widely known methods of analysis used in trading the currency market. Once you are aware of the tools that are available, you can generally tell what type of analysis suits you. For example some of the main technical analysis methods which are popular include:

Pivot points

Chart patterns

Fibonacci retracements

Candlestick patterns

And some fundamental factors which are widely used include analyzing:

Interest rates

Trade balances

Unemployment rates

Gross domestic product (GDP)

You may now actually be able to develop your own system by combining certain methods of analysis together, giving you a method which you are comfortable with. On the other hand you may decide that you would like to trade someone else’s system, either way, that brings us to the next step which is determining the profitability of a trading system.

Determining Profitability

Most people would think that back testing is the best way to determine a systems profitability. However back testing doesn’t always give you a true idea of how profitable a system is. The reason for this is because when you’re back testing your system on historical charts, you are only seeing the obvious setups which have occurred, and not always seeing the ones that are less obvious. These less obvious ones sometimes can produce losses, which is why back testing isn’t always the best method to implement.

A better method of determining profitability is by trading your system in real-time with a demo account. This would give you a true understanding of what your system is capable of. This would also allow you to familiarize yourself with your trading platform at the same time. When determining profitability you must look at it in terms of expectancy and opportunity.

Expectancy & Opportunity

These two factors together will be able to tell you what you could expect to make over a period of time. Expectancy is calculated with the following formula:

(Probability of winning × average win) – (Probability of losing × average loss)

This will give you a figure which is the average amount you can expect to make per trade. This shouldn’t be a negative amount, if it is you should look at some other method of trading since you cannot make money on a system that produces a negative expectancy. Obviously the higher this figure is the better. Now to the opportunity factor.

The opportunity factor is how often you are able to trade using your system. By multiplying your expectancy figure with your opportunity factor it will tell you how much you could expect to make over a period of time. The more opportunity you have to trade, the more money you should expect to make. This now brings us to the last component of a trading system, money management.

Money Management

Without proper money management you will end up as a statistic. In other words one of those 90%+ of traders who loose their money. Money management tells you how much of your account balance to risk per trade. The whole point of money management is to ensure your survival over the long term, and to preserve your capital.

The most common form of money management is the percent risk model which tells you not to risk more than x percent of your account balance on any one trade. A range between 1-3% is generally an accepted amount which has been a reliable percentage to use in order to make money in the long term.

Conclusion

By taking into consideration the above factors you will be able to determine if a trading system best suits you, and with some simple mathematical calculations you will be able to determine its profitability.

by: Bret Freak

Forex Trading: Calculating Profit And Loss In Foreign Currency Trading

2008-08-10T11:21:00.000+07:00

The foreign exchange market, or Forex market, is an around-the-clock cash market where the currencies of nations are bought and sold. Forex trading is always done in currency pairs. For example, you buy Euros, paying with U.S. Dollars, or you sell Canadian Dollars for Japanese Yen. The value of your Forex investment increases or decreases because of changes in the currency exchange rate or Forex rate. These changes can occur at any time, and often result from economic and political events. Using a hypothetical Forex investment, this article shows you how to calculate profit and loss in Forex trading.

To understand how the exchange rate can affect the value of your Forex investment, you need to learn how to read a Forex quote. Forex quotes are always expressed in pairs. In the following example, your pair of currencies are the U.S. Dollar (USD) and the Canadian Dollar (CAD). The Forex quote, USD/CAD = 170.50, means that one U.S. Dollar is equal to 170.50 Canadian Dollars. The currency to the left of the "/" (USD in this example) is referred to as base currency and its value is always 1. The currency to the right of the "/" (CAD in this example) is referred to as the counter currency. In this example, one USD can buy 170.50 CAD, because it is the stronger of the two currencies. The U.S. Dollar is regarded as the central currency of the Forex market, and it is always treated as the base currency in any Forex quote where it is one of the pairs.

Let's go now to our hypothetical Forex investment to show how you can profit or come up short in Forex trading. In this example, your pair of currencies are the U.S. Dollar and the Euro. The Forex rate of EUR/USD on August 26, 2003 was 1.0857, which means that one U.S. Dollar was equal to 1.0857 Euros, and was the weaker of the two currencies. If you had bought 1,000 Euros on that date, you would have paid $1,085.70.

One year later, the Forex rate of EUR/USD was 1.2083, which means that the value of the Euro increased in relation to the USD. If you had sold the 1,000 Euros one year later, you would have received $1,208.30, which is $122.60 more than what you had started with one year earlier.

Conversely, if the Forex rate one year later had been EUR/USD = 1.0576, the value of the Euro would have weakened in relation to the U.S. Dollar. If you had sold the 1,000 Euros at this Forex rate, you would have received $1,057.60, which is $28.10 less than what you had started out with one year earlier.

As with stocks and mutual funds, there is risk in Forex trading. The risk results from fluctuations in the currency exchange market. Investments with a low level of risk (for example, long-term government bonds) often have a low return. Investments with a higher level of risk (for example, Forex trading) can have a higher return. To achieve your short-term and long-term financial goals, you need to balance security and risk to the comfort level that works best for you.

by: Gregory DeVictor

Forex Trading - Understanding Commissions, Spreads and Trading Costs

2008-08-10T11:20:00.002+07:00

The forex market is quickly becoming one of the most popular markets for trading.

Not only are the experienced traders looking to this market to maximize their trading returns, but many new, individual investors are now able to trade the Forex market - just as they do stocks and futures.

More and more individuals are seeing Forex not only as a new way to diversify their portfolio, but are also finding that it is becoming the most profitable component of their investments.

And that's because of the many advantages Forex offers over other markets like stocks or commodities. Here's what you will typically see advertized about Forex:

- Unparallelled liquidity. It is the largest financial market in the world by far. Almost $2 trillion being traded daily!

- Excellent leverage potential. Individual investors have access to leverage of 100:1 and even 200:1

- No Commissions (more on this later on)

- Low trading costs.

And yes, the Forex market really does offer all these advantages.

But the last two points above talk about costs, and that's what we'd like to focus on in this article.

Like any trading, there are costs involved, and, while these may be much lower than they used to be, it is important to understand what those are.

Let's start by looking at stock trading, something that most of us investors are pretty familiar with.

When trading stocks, most investors will have a trading account with a broker somewhere and will have investment funds deposited in that account.

The broker will then execute the trades on behalf of the account holder, and of course, in return for providing that service, the broker will want to be compensated.

With stocks, typically, the broker will earn a commission for executing the trade. They will charge either a fixed dollar amount per trade, or a dollar amount per share, or (most commonly) a scaled commission based on how big your trade is.

And, they will charge it on both sides of the transaction. That is to say, when you buy the stock you get charged commission, AND then when you sell that same stock you get charged another commission.

With Forex trading, the brokers constantly advertise "no commission". And, of course that's true - except for a few brokers, who do charge a commission similar to stocks.

But also, of course, the brokers aren't performing their trading services for free. They too make money.

The way they do that is by charging the investor a "spread". Simply put, the spread is the difference between the bid price and the ask price for the currency being traded.

The broker will add this spread onto the price of the trade and keep it as their fee for trading.

So, while it isn't a commission per se, it behaves in practically the same way. It is just a little more hidden.

The good news though is that typically this spread is only charged on one side of the transaction. In other words, you don't pay the spread when you buy AND then again when you sell. It is usually only charged on the "buy" side of the trades.

So the spread really is your primary cost of trading the Forex and you should pay attention to the details of what the different brokers offer.

The spreads offered can vary pretty dramatically from broker to broker. And while it may not seem like much of a difference to be trading with a 5 pip spread vs a 4 pip spread, it actually can add up very quickly when you multiply it out by how many trades you make and how much money you're trading. Think about it, 4 pips vs 5 pips is a difference of 25% on your trading costs.

The other thing to recognize is that spreads can vary based on what currencies you're trading and what type of account you open.

Most brokers will give you different spreads for different currencies. The most popular currency pairs like the EURUSD or GBPUSD will typically have the lowest spreads, while currencies that have less demand will likely be traded with higher spreads.

Be sure to think about what currencies you are most likely to be trading and find out what your spreads will be for those currencies.

Also, some brokers will offer different spreads for different types of accounts. A mini account, for example may be subject to higher spreads than a full contract account.

And finally, because the spreads really are the difference between bid prices and ask prices as determined by the free market, it is important to recognize that they are not "guaranteed". Most brokers will tell you that there may be times during periods of low demand, or very active trading when the spreads widen and you will be charged that wider spread.

These do tend to be rarer situations because the Forex market really is so large and demand and supply are generally quite predictable, but they do occur, especially with some of the lesser traded currencies. So it's important to be aware of that.

In summary then, when trading Forex, understand that the "spread" is truly your most important consideration for trading costs.

Spreads can vary significantly between brokers, account types and currencies traded. And small differences in the spread can really add up to thousands of dollars in trading costs over even just a few months.

So be sure to understand what currencies you are going to be trading, how frequently, and in what type of account and use those factors to help decide which broker can offer you the best trading costs.

by: Rich Cochrane

Forex Trading Education: Things You Should Know About Forex Trading

2008-08-10T11:20:00.001+07:00

How difficult is it to make money trading the Forex market? How much time does it take to actually be able to make a living trading the Forex market? These and other important aspects of trading are to be discussed in this article.

Trading the Forex market has many benefits over other financial markets, among the most important are: superior liquidity, 24hrs market, better execution, and others. Traders and investor see the Forex market as a new speculation or diversifying opportunity because of these benefits. Does this mean that it is easy to make money trading the Forex Market? Not at all.

Forex brokers agree that 90% of traders end up losing money, 5% of traders end up at break even and only 5% of them achieve consistent profitable results. With these statistics shown, I don’t consider trading to be an easy task. But, is it harder to master any other endeavor? I don’t think so, consider musicians, writers, or even other businesses, the success rates are about the same, there are a whole bunch of them who never got to the top.

Now that we know it is not easy to achieve consistent profitable results, a must question would be, Why is it that some traders succeed while others fail to trade successfully in the Forex market? There is no hard answer to this question, or a recipe to follow to achieve consistent profitable results. What we do know is that traders that reach the top think different. That’s right, they don’t follow the crowd, they are an independent part of the crowd.

A few things that separate the top traders from the rest are:

Education: They are very well educated in the matter; they have chosen to learn every single and important aspect of trading. The best traders know that every trade is a learning experience. They approach the Forex market with humility, otherwise the market will prove them wrong.

Forex trading system: Top traders have a Forex trading system. They have the discipline to follow it rigorously, because they know that only the trades that are signaled by their system have a greater rate of success.

Price behavior: They have incorporated price behavior into their trading systems. They know price action has the last word.

Money management: Avoiding the risk of ruin is a primary subject to the best traders. After all, you cannot succeed without funds in your trading account.

Trading psychology: They are aware of every psychological issue that affects the decisions made by traders. They have accepted the fact that every individual trade has two probable outcomes, not just the winning side.

These are, among others, the most important factors that influence the success rate of Forex traders.

We know now that it is not easy to make money trading the Forex market, but it is possible. We also discussed the most important factors that influence the rate of success of Forex traders. But, how much time does it take to have consistent profitable results? It is different from trader to trader. For some, it could take a life time, and still don’t get the desired results, for some others, a few years are enough to get consistent profitable results. The answer to this question may vary, but what I want to make clear here is that trading successfully is a process, it’s not something you can do in a short period of time.

Trading successfully is no easy task; it is a process and could take years to achieve the desired results. There are a few things though every trader should take in consideration that could accelerate the process: having a trading system, using money management, education, being aware of psychological issues, discipline to follow your trading system and your trading plan, and others.

by: Raul Lopez

Forex Trading Guide

2008-08-10T11:18:00.000+07:00

Like many people I am sure you are interested to know more about Forex trading. To put it bluntly Forex trading can be either one the best ways to make or lose LOTS of money. Only those who take the Forex market seriously will be able to make money with it in the long term.

The Forex trading market is beyond a doubt the world’s largest market where all exchanges happen instantaneously. Thus, trades are a key challenge for even the most knowledgeable Forex bankers and traders. They have to learn and consider many factors before performing even a single trade.

At first when currencies began to be traded openly, only large banks were allowed to perform trades. These days, due to the advent of internet trading and margin accounts almost anybody can begin Forex trading. This in turn, has added to the liquidity of the Forex market, and has resulted in a huge increase in the number of individuals who are now active in the market.

So, does this mean it is easy to earn money through Forex trading? To answer this we must consider a few things.

Some data by Forex brokers seems to suggest that 90 percent of traders end up of losing their capital, 5 percent of traders have been able to break even and only 5 percent of them attain steady beneficial results. Thus, it seems that trading successfully is no simple task.

However, if you can learn to be among the 5 percent who make consistent money you can do extremely well by using Forex trading. To help you in this end I have listed five key ways to improve your odds dramatically of making money in the Forex market.

1. Education

Successful traders are knowledgeable about the Forex market. They have chosen to educate themselves about every single vital detail of Forex trading. The best traders know that every trade that they perform is an opportunity to learn something new.

2. Forex Trading System

All of the profitable traders have a Forex trading system or strategy. Furthermore, they have the will power to stick strictly to that system, because the best traders know that by sticking with their system they stand a far greater chance of earning money.

3. Price Behavior

Knowledgeable and successful traders also include price behavior in their systems. They have learned that prices can change quickly and suddenly but are prepared to deal with those situations when they arrive.

4. Trading Psychology

First-rate traders are aware of psychological issues that affect the choices of other traders make when Forex trading. They know that people do not always act rationally, and as a result this can alter the expected outcome of a trade. This can help them both when deciding to enter into a trade or when to exit.

5. Money Management

This is far and away the most important factor that will determine whether or not you become a successful trader. Averting the hazard of financial ruin is the main concern of all top traders. This means both adequately funding your trading account (only with money you can afford to live without of course) and never entering into trades that can potentially wipe out all of your assets. Better to start trading small and always use stop-loss orders to guarantee that your first trades are not also your last.

This is by no means an exhaustive list of everything you need to know but it outlines some of the areas you need to consider before making even that first trade. Now you know that it is not easy to earn money in the Forex market, however it is achievable.

However, success does not happen overnight and anyone promising you that it can is trying to sell you snake oil. It is an ongoing processes not something you pick up in a weekend. Trading success depends on the trader, and how hard you are willing to work to achieve your Forex trading goals.

Also, remember to try to have some fun. The clearest sign that Forex trading is not for you is if you find the prospect of learning about how the Forex market works boring or dull. If this is the case you won’t stick with it long enough to make money and you will be among the 90 percent who fail. Just remember these three important things: be disciplined in your trading habits, manager your money wisely and enjoy the experience of Forex trading.

by: Ian Wright

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Finding Reliable Forex Signals

Find Your Futures Trading Blood Type

How To Start Online FX Trading

Where to Get Forex Training by: Jay Moncilff

There Are Live People Behind Currency Trading

Forex Profits

5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading

Advantages of the Forex Market

How Forex Affects Us All

Forex Brokers

Emotional? Get Ready To Lose Your Shirt In The Forex Game!

Choosing A Forex Strategy

A Short Introduction To FOREX

Forex Avenue: The Road to Riches

FOREX Trading Strategies

Introduction To Online Forex Trading

The History of FOREX Trading

Types of Forex Trading and Strategies

Forex Trading: Learn How To Read A Forex Quote

The Sneaky Way To Managing Losses In Your Forex Trading

Forex Trading

Learn Forex Trading Strategy

Learn How To Rake In Your Share Of
The $1 Trillion Foreign Currency Market
And Become An Expert Trader By
Using The Gladiator Forex Trading Strategy!

Introducing The Forex Gladiator Strategy:
Featuring Advanced Money Management
and Forex Trading Techniques!