FOREX 101: Make Money with Currency Trading
February 13, 2008
For those unfamiliar with the term, FOREX (FOReign EXchange market), refers to an international exchange market where currencies are bought and sold. The Foreign Exchange Market that we see today began in the 1970’s, when free exchange rates and floating currencies were introduced. In such an environment only participants in the market determine the price of one currency against another, based upon supply and demand for that currency.
FOREX is a somewhat unique market for a number of reasons. Firstly, it is one of the few markets in which it can be said with very few qualifications that it is free of external controls and that it cannot be manipulated. It is also the largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day. With this much money moving this fast, it is clear why a single investor would find it near impossible to significantly affect the price of a major currency. Furthermore, the liquidity of the market means that unlike some rarely traded stock, traders are able to open and close positions within a few seconds as there are always willing buyers and sellers.
Day Traders and Swing Traders and Options? Maybe!
February 12, 2008
Typical day traders and swing traders look for stocks with quick, short term movements, and are not in the business of holding positions overnight let alone a week or two. So the use of options has not usually been a component of their trading strategies.
Now however, some new opportunities for profit are available since many day trading firms are allowing their traders to trade options. Unfortunately, many option strategies do not apply to the quick in and out nature of day trading. Neither day traders nor swing traders are typically in a single stock long enough for the strategy of selling options for premium collection to be viable.
Since these traders often look for break-outs, and sometimes go bottom fishing to find opportunities for profit, a premium paying option might work well for them. Why? Because the trader would be buying protection from catastrophic losses. Bottom fishing and breakouts are associated with volatility, which means uncertainty and risk. However, there is a strategy that will provide the necessary protection for these traders to carry positions through overnight risk, while remaining fully protected. This would still allow also them to take advantage of the large potential upswing that was the original goal of identifying the bottom and the break-out. This strategy is called the protective put.
Success Stories由eliving The Past Helps You Build The Future
February 11, 2008
Success Stories由eliving The Past Helps You Build The Future
by: Michael Clark
One of the exercises that I have many clients do is list out all the successes they’ve had in life. I ask them to start with early childhood and list everything they can remember being successful at. One of my clients recently gave the assignment to his girlfriend. She asked me afterwards what the point was. She hadn’t found it very useful.
What I told her is that that I’ve found that this exercise serves two important services. First, it’s a self esteem booster. Most people don’t realize how many successes they’ve had in their lives until they write them down. Some express surprise and sometimes some modesty when sharing their successes. I’d recommend this exercise just for this boost alone, but the second reason for doing this is even more valuable. Success leaves clues behind.
When I ask a client to list their successes, it’s usually because they are stuck in some area of their business. They’ve tried several strategies to get unstuck and nothing has worked. When we take some of their major successes and analyze them, we find patterns. I ask them how they accomplished major tasks. What methodology did they use?
8 Top Tips For Building Powerful Persuasive Messages
February 10, 2008
8 Top Tips For Building Powerful Persuasive Messages
by: Rob Brown
All business is personal, and even the biggest deals, orders, projects, sales and contracts come down to two or more people making a connection. If the ‘profit’ you seek is wealth, you must realize that all the money you will ever earn is currently sat in someone else’s pocket. If your ‘profit’ is more influence, respect, clients, support, challenge, reputation or excitement, you must go through other people to get it. Being more is a cornerstone of ‘getting through’. Here are eight of my favourite strategies for ensuring people buy you, your arguments, your excuses, your services and your products.
1. Make The Difference Dramatic!
All of your prospects probably have another bank, another law firm, another accountancy firm, another existing provider of your services in place. If they’re going to come over to you, they have a right to ask you two very tough questions;
1. As a prospective client, why should I choose you?
2. What added value do you bring to me or my business that I cannot get anywhere else?
Prosperity Automated System Offers Passive Income
February 9, 2008
Prosperity Automated System Offers Passive Income
by: Chris Robertson
In today’s tenuous economy, virtually no one can depend upon continuous employment. With more jobs moving offshore and various industries cutting back their payrolls, the guaranteed paycheck is going the way of the rotary dial phone. Although many people continue to work a nine-to-five job with a single employer, more people are looking for ways to either supplement their income or start their own business. Prosperity automated systems, also known as PAS, are gaining in popularity as a way for people to earn passive income.
In essence, a prosperity automated system uses the power of Internet search engines to find prospects and funnel them into your website, where they may either opt to purchase products or to join the system. Prosperity automated systems require a person to license the system, but after that, the licensee doesn’t have to actively work the system. When another person purchases a license through the first person’s website, the first person receives a sizeable commission.
If the website owner has a product or service to sell, he or she can diversify the revenue stream by both offering the products and services and by offering the system.
Last Year’s Great Mortgage is This Year’s Disaster
February 9, 2008
Last Year’s Great Mortgage is This Year’s Disaster
by: Charles Essmeier
The market for real estate in the United States seems to have slowed down from the fever pitch of just a year ago. There are a number of reasons for this; rising interest rates and sticker shock among buyers are just two of them. Whatever the reasons, sales of homes seem to be slowing, and that trend will probably continue in the near future.
That being the case, several types of loans that have recently been very popular have suddenly become poor choices of financing for those buying homes. While some types of loans, such as the 30 year, fixed-rate mortgage, are usually safe choices, others, such as the interest-only adjustable rate mortgage (ARM) and the Option ARM have suddenly become not only poor choices, but potentially dangerous ones, as well.
Why the Majority Fail at Stock Investing
February 8, 2008
The gleam and bright lights of Wall Street lure in many new investors each year, only to send them home crying to their friends and family. Why do so many people fail when it comes to the stock market? The reason is very simple: Hard work! Most people are looking for a quick buck or a fast path to riches. This is not the case when it comes to investing in individual stocks. If you wish to invest in stocks, treat it like a business, NOT A HOBBY. For example: A retail outfit can’t make money if it doesn’t have goods to sell, the same goes for investors, without cash, you can’t invest. What do I mean? All investors need rules and you need to follow these rules or money WILL be LOST. If you lose your initial investment, you are out of business (just like the retail store). I don’t necessarily care what your rules are but they need to be proven and then followed to a “T”.
Fundraising Planning - A Vital Key to Nonprofit Success
February 7, 2008
Fundraising Planning - A Vital Key to Nonprofit Success
by: Ken Goldstein
As a professional grant writer and consultant, I am often amazed at how few nonprofit organizations actually have a fund development plan beyond a vague idea of applying for a few grants and sending out an annual appeal letter.
Recognizing that lack of planning, I am not amazed at how often these same organizations have rounds of emergency budget cuts when they realize that they have no assured streams of income.
Very typical is the agency that has received a large grant to run their programs for one year. Then, in the tenth month of the grant period, comes the realization that they have no idea how they will fund the next year’s programs. With less than two months of money left in the bank they go into emergency fundraising mode.
Their first impulse is to start applying for another large grant. But at most foundations, the process - from letter of inquiry to proposal to acceptance - typically takes at least three months, and often six to eight months.
How To Get In Front Of Your Prospects - The Secret To Getting Meetings
February 6, 2008
How To Get In Front Of Your Prospects - The Secret To Getting Meetings
by: Rob Brown
In a fast moving world, there are two key drivers that have skewed the business landscape over the last few years; competition overload and information overload. Both create commercial clutter, which means it’s very hard to get noticed in business today. The surplus society tells you there are too many similar companies with too many similar people, with similar experience and similar qualifications, selling similar products and services to similar clients and customers for similar prices.
How do you cut through? If you’re in sales, your fight is on two fronts – expertise and trust. Added together, they make your credibility. When you have credibility, it shouldn’t be too hard to win the business you need to. And you make yourself credible by building relationships; by getting seen, known and trusted by the people that count – your contacts, customers or clients.
The problem is that we’re all too busy. My ‘One Step Removed Rule’ applies to business interactions today. Sales professionals now do coffee when they should do lunch, phone when they should meet, email when they should phone and text when they should email. Yet in my years as a professional networker, I’ve failed to find anyone who could build a better relationship by phone and email than I could face to face.
Debt Consolidation - Don’t Hire an Agency; Do It Yourself
February 5, 2008
Debt Consolidation - Don’t Hire an Agency; Do It Yourself
by: Charles Essmeier
The average American household now has more than $9000 in credit card debt and the savings rate in this country is lower than at any time during the Great Depression. And a quick glance at all of the debt consolidation commercials on late night television will tell you the obvious - debt is a tremendous problem in our country today.
Listening to these ads makes it seem as though only the advertisers can help you get out of debt, as though they have some financial secrets that will allow your debts to magically disappear. Is that true? If you have a debt problem, do you need to hire one of these debt consolidation services? Is there another solution?
The short answer is “no.” You do not have to hire a company to get you out of debt. In all likelihood, the company you would hire cannot do anything that you cannot do yourself. No one can make your debts disappear; the only way to make them go away is to either pay them off or file for bankruptcy.
