How To Avoid The Predatory Trend of Credit Counseling Scamming

March 31, 2012 By

How To Avoid The Predatory Trend of Credit Counseling Scamming

For anyone in a financial bind with their credit card debt, credit counseling proves to be a truly useful starting point as well as a helpful financial service when attempting to reach non-debt status. A well-established and well-versed counseling agency can help individuals in need through providing professional advice regarding money management tactics and overall debt consolidation options. Better still, to help clients get out of credit card debt many counseling agencies will assist with organizing and arranging a repayment plan in tandem with corresponding creditors.

Sounds too good to be true, right? All this financial assistance and promising benefits? Well, it is, to an extent.

Financial Wolves In Sheep’s Clothing

Truth is that not all credit counseling agencies are who they say they are or actually work in their clients’ best interests. A fair and unfortunate amount – not saying all – of the credit counseling agencies out there are indeed wolves cloaked in sheep’s clothing, one’s able to infiltrate into unsuspecting flocks of credit-card indebted lambs, picking off the weakest, less-informed of the herd, one by one.

There are ill-intentioned agencies out there who will capitalize on taking advantage of those coming to them in need of assistance with their credit situations. Excessive fees, extra pulled money and an overall worsened position, in regards to being in debt, are all illicit outcomes caused by and due to back-door procedures on the part of questionable credit counseling agencies. And the aforementioned happens all too often and for some reason is still continuing at a swift and lucrative rate. Currently, the profits coming from agencies partaking in ill-practiced credit counseling is somewhere in the realm of billions; credit counseling agencies dressing in sheep’s attire has become a multi-billion dollar industry.

Be A Bit Sheepish While Credit Counseling Shopping

Taking on a cautious demeanor is essential to avoid the malicious fangs of alleged credit counseling agencies. Just make sure to not place a stigma on credit counseling agencies though, as there are a greater portion of agencies out there who are interested in working for you and not against you.

Keep an eye out for credit counseling agencies claiming they’re nonprofit. This doesn’t exclude them from being able to charge services for a fee or working under a larger profit-driven counseling agency. Be inquisitive to such companies as they surface through conducting research. Ask about charged fees, setup costs, the structure of monthly payments and how they all fit into your credit debt scenario. Lower fees for setup procedures are good signs, whereas higher initial fees are a clear sign credit counseling agency X is more interested in your money, money you don’t presently have, no less. Know that fees must not exceed your monetary ability; note that reliable agencies take this into account.

Come Face to Face With Agencies Through Inquiry

Asking questions never hurts, especially when it’s in the interest of ameliorating your finances. Ask counselors, screen them, even grill them. A reputable counselor will assist you and direct you toward solutions, not direct you down avenues where they can profit from you. This said, see how counselors are getting paid; is it on a commission or through a salary? The latter is preferred as counselors are working on a base salary income, not making money derived on how much they sway you or get out of you.

Most credit counseling agencies state they will work with your creditors to mend your situation. But, will they? To find out, ask your creditors directly if they’ll work in tandem with agency X to negotiate lower fees, decreased interest rates and an overall payment restructuring. Make the direct call yourself to creditors and see if it’s possible.

You can also gain confidence. Do this by researching a few credit counseling agencies by checking their current statuses and backgrounds through the BBB or Better Business Bureau. Be weary of complaint-heavy agencies, avoid them at all costs.

Clearly, what’s not needed in a situation where credit debt is making you consult credit counseling is more trouble. Be aware of the financial agencies dressed like lambs, yet acting as wolves. Be careful when looking and shopping for a credit counseling agency; keep a keen eye out for devious ones. And above all else, ask questions to weed out those trying to benefit off your financial misfortunes. Inquire from all angles to a handful of agencies and it’s certain you’ll be able to decipher who’s playing dress up and who’s honestly working to fix you up.

How To Avoid The Predatory Trend of Credit Counseling Scamming

How To Avoid The Predatory Trend of Credit Counseling Scamming

Take caution when seeking credit counseling services, but also have confidence, for by being scrupulous and overly-selective you’ll know the agency you pick will be of honest and helpful character.

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All About Vehicle Financing

March 31, 2012 By

All About Vehicle Financing

The cost of new vehicle has gone up to £20,000 and the best option is to finance a part of the cost from the leading banks or financers. You will find a number of financers or banks at your doorstep ready to finance your vehicles perhaps you have a good credit report. These financers or bank may charge different interest rate and therefore you should be cautious while selecting a particular bank or financer through your dealership for your vehicle financing.

You should carry out a little calculation and should get the best option of vehicle financing. All the banks and financers provide you rate or monthly installment for your loan for the vehicle and thus you can get a fair idea. Although all the dealership has finance and insurance department to deal your finance and insurance at the same shop, even then a rate idea will give you better opportunity to understand the financial terms offered by dealership.

Once you decide to finance your vehicle from a specific creditor, you will be asked to fill up a form by your dealer. The detailed information such as your name, social security number, your present and past employer, your monthly gross income, your present and past address etc may be asked. Your vehicle financer will obtain a copy of your credit report and forward your application on the basis of your detailed credit report.

Your dealer approaches to few banks for approval of finance on the basis of your credit reports. These potential financial companies evaluate your application and on the basis of a credit rating either accepts or rejects your application. In some of the cases a co-signer or guarantees is required to sign your application if a minor deficiency is in your credit report. These financers or banks do not deal directly with the vehicle purchaser and takes their decision on the basis on credit report submitted to them, and other terms and conditions including the finance required. On the basis of the credit ratings obtained on your credit history, the banks or financers offers a buy rate (interest rate) for you through the dealer and if you accepts this rate you are done with your vehicle financing.

You should not only negotiate the vehicle price but you should also ask a rebate and discount from your dealer. There is a huge margin for the dealer and your dealer may offer you some rebate or discount; however it differs from model to model.

There are several type of vehicle financing options are available to you including fixed rate financing and variable rate financing. There are various factors that determine your annual percentage rate or APR and these are your credit report history and your financial condition, market conditions and current financial rate. You can also negotiate about your annual percentage rate (APR) with the dealer at any time during vehicle financing but before purchase of vehicle.

All About Vehicle Financing

All About Vehicle Financing

Approved Car Finance experts in providing vehicle loans in the UK for quality new and used vehicles. Our aim is to provide the car you want at the price you can afford.

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Personalized Anniversary Favors for an Unforgettable Moment

March 31, 2012 By

Personalized Anniversary Favors for an Unforgettable Moment

No matter if you were married one year ago, five years ago, or 25 years ago; every anniversary is one to celebrate! Another anniversary proves one more year of true love and care for each other. If you’re like many other couples you will decide to throw an anniversary party to re-celebrate your special day with friends and family. Most couples invite original guests along with new friends that have been made along the way. Anniversary parties should be memorable, unique, and fun. One way to ensure that your guests remember the occasion as another unforgettable moment is to provide them with personalized anniversary favors.

Wine glasses

Wine glasses have become a great personalized anniversary favor that is widely used for those looking to celebrate their anniversary. Wine glasses are an important part of a wedding and can always be reincorporated into an anniversary party.

Along the line of wine glasses if you have already purchased simpler wine glasses that have not been personalized you can always have wine glass rings personalized that can be attached to each wine glass that is used. Not only are they practical but they can be taken home, reused, and personalized so that each guest remembers your anniversary celebration.

Picture frames

What’s one of the best ways to remember special memories? Through pictures of course! If you plan to have professional or candid pictures taken at your anniversary party, picture frames will be the perfect personalized anniversary favor. The picture frame can be used to frame a picture from the anniversary party. You will find that many companies sell plenty of different picture frames that are designed specifically for an anniversary event.

Candles

Nowadays even candles can be personalized! Personalization companies are able to create labels that are placed around the candles that can announce your anniversary and can be decorated with all sorts of colors, designs, pictures, and words. Many people who use candles as personalized anniversary favors often buy votive candles with personalized labels. Usually the candles are ordered to be one of the wedding colors so that it ties back to the couple’s original date. Some choose to wrap them in some sort of material, usually tulle, while others prefer to just hand out their candles normally. Use candles to represent the love between the couple – one that should be an undying flame!

The type of personalized anniversary favor you choose is completely up to you. Everyone has different tastes, likes, themes, and ideas but thankfully there are always plenty of personalized anniversary favors to choose from. Just be sure that the personalized anniversary favor you choose is one that will make your anniversary unforgettable. You not only want people to remember your wedding but you want your guests to know that anniversaries, no matter if its 10 years or 50 years are important as well and should be celebrated. Wow your guests with personalized anniversary favors and you’re sure to create an unforgettable occasion.

Personalized Anniversary Favors for an Unforgettable Moment

Personalized Anniversary Favors for an Unforgettable Moment

If you are celebrating your own special day, you can get your own Personalized Anniversary Favors at DiscountMugs. Choose from their wide variety of Custom Anniversary Gifts that you can custom design however you like! Shop at DiscountMugs.com today!

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Wood Baseball Bats Versus Aluminum Baseball Bats

March 31, 2012 By

Wood Baseball Bats Versus Aluminum Baseball Bats

Whether you are part of the Little Leaguers, Senior Leaguers, college student’s league or professionals, when it comes to baseball, the big questions that pops up is what kind of baseball bat you will use. And, if you really are a baseball player, you definitely know that the discussion is between aluminum bats and wood baseball bats.

One important piece of information you should know is that, in softball, little and senior league and college baseball, most of the bats are made up of aluminum. And yet, when it comes to professional baseball, players say that wood baseball bats are a must. You are now probably wondering what you should choose between these two baseball bat types. And that is why we are here, to discuss the pros and the cons of each type.

Nowadays, baseball bats can be purchased for as low as $25, but you can also buy more expensive $500 bats. A professional player will not choose a bat according to its price, and it all boils down to how he “feels” it. In the professional league, only wood bats are used, and Major League Baseball does not even allow corked bats. Most of the bats are made of ash, but maple, bamboo and hickory are also choices for baseball bats. Lately, more and more players gave up to hickory bats, as they are much heavier than the rest of the woods. Many are now opting for maple bats. Maple baseball bats are increasingly more popular because of its hardness and durability.

Some players also say that they prefer wood baseball bats because of the traditional look and feel. The sound made when the bat hits the ball is vastly different. They say a “crack” sounds way better than the “ping” sound of an aluminum bats hitting the ball.

But aluminum baseball bats are very popular too. They are often seen in all the different baseball leagues, except the professional ones. Why is this? Well, simply because a ball hit with an aluminum bat gets more speed. But this is a positive thing you might say. In fact things are not exactly like that. Due to the fact that they are lighter, a greater distance of the ball can now be achieved with less batter strength. And due to that, several players were injured. Due to the fierceness of the rebound of the aluminum bat, the reaction time of the pitchers is smaller. To prove this, in 1970, when aluminum baseball bats were firstly introduced, the batting average rose 30 points, and home run hits doubled. The game is simply not the same with lighter bats made from aluminum or other materials.

Overall though, buying a baseball bat is a personal decision. You’ll definitely want to go with a baseball bat manufacturer that offers lots of customization so you can build the baseball bat most suitable to your size, weight, height and strength. Many also prefer to choose their colors and add a signature but few bat manufacturers allow such customization and personalization due to manufacturing cost factors. So if you are not a professional baseball player, you simply choose the baseball bat that suits you best.

Wood Baseball Bats Versus Aluminum Baseball Bats

Wood Baseball Bats Versus Aluminum Baseball Bats

By Michael Shapiro for Baseball-Bats-HQ.com Why settle for a regular bat when you can personalize and customize your own baseball bat? Choose from a wide array of maple bats, ash bats, softball bats, and fungo bats. They also offer batting cages and performance apparel for baseball enthusiasts.

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Board Games – Have Deep Historical Roots Buried In The Sands Of Time

March 31, 2012 By

Board Games – Have Deep Historical Roots Buried In The Sands Of Time

Monopoly, Risk and Clue have roots buried deep in the sands of ancient Mesopotamia.

British archeologist Charles Leonard Woolley unearthed the earliest known board game in the late 1920′s. He was excavating a burial tomb in Ur, what is now southern Iraq. The game, buried with other treasure, had been interred nearly 4,500 years earlier. The Royal Game of Ur is the earliest known board game. Not only did Woolley find the game board and game pieces, he also found instructions for playing the game. They were engraved in cuneiform texts located at the site. The Royal Game of Ur, or the ‘game of 20 squares’ was a race game with two players racing to the end of the board. Since that time similar game boards have been found throughout the ancient world, from Egypt to India. The game Woolley found can still be played today, just as the ancient Sumerians enjoyed it.

Board games have been popular in nearly every known civilization. Many civilizations were playing board games before they developed any form of written language.

Board games come in two basic types. The first uses strategy to win the game. The object is to block or capture opposing game pieces or to capture larger portions of the game board. Monopoly and checkers are both examples of the strategy game. Strategy alone does not insure victory.

Chance plays a significant role in most board games, but not all. Some of the most respectable board games, chess for example, focus on skill with very little luck involved.

Purists feel that luck is an undesirable element. They feel the games should be based entirely on strategy and skill. Others feel the element of chance gives these games more complexity with many more possible strategies. These people feel the element of luck makes these games more exciting. On the other hand, games that are completely games of chance, where no or few decisions are made, quickly become boring to most adults. Many children’s board games are games of luck with few decisions to be made.

The second types of board games are race games. Two or more players move pieces in a race from one point on the board to another. Backgammon is an example of a race game. Again, the element of chance is an essential ingredient in these games.

Luck is introduced into the game in a number of ways. One of the popular ways is by using dice. The dice can determine how many units a play can move, how forces fare in battle or which resources a player gains. Another common method of introducing change is by using a deck of special cards. In yet other games spinners or other such devices are used to determine the play.

A third type of board games is a combination both of the above types. These games employ strategies to conduct a race.

Board Games Pre-date Reading And Writing

Board games have been popular for centuries. The game of 20 squares was played from Egypt to India more than 4,000 years ago. Nearly 3,000 years ago a game that resembles backgammon was developed in the same region. Games using stone marbles were developed in Egypt nearly 1,000 years later.

A board game is a game played with a pre-marked surface and counters or pieces that are moved across the board. Methods of chance are often used, usually dice or cards, to determine the movement of the pieces or counters across the surface of the board.

We are not really sure why early board games were developed. Some argue these games were a device for conducting religious services. Others claim they were employed to teach strategies of war. Today’s board games are recreational and considered good family entertainment.

Board games became popular in the U.S. in the early 1900s. As the population moved off the farm, people had more time and more money to pursue leisure activities. Board games were a family recreation easily played in the home. Chess, checkers and backgammon became tremendously popular.

The most popular board game of all time is Monopoly. In 1904 Elizabeth Maggie patented “The Landlord’s Game” an early version of Monopoly. It was based upon economic principles and was designed to teach real estate ownership and management.

In 1933, Clarence Darrow copyrighted a version of “The Landlord’s Game.” He called it “Monopoly.” He went to the game company, Parker Brothers, for help producing the game. They turned him down because they said it would never sell. He began selling Monopoly for the 1934 Christmas season. He was overwhelmed with orders. Parker Brothers agreed to produce the game the following year. Monopoly is now printed in 15 languages and sold worldwide.

Favorite old board games have recently been redeveloped for a whole new generation. These classics have been developed as electronic games. Most popular board games have now been successfully adapted as electronic games. These games are played on game consoles and on personal computers.

Board games have come along way since the days of ancient Sumerians when they were played around campfires of camel trains. Astronauts millions of miles above the earth have played board games. Now, with the Internet, players half a world apart can come together in cyberspace and enjoy the challenge of board games.

Board Games – Have Deep Historical Roots Buried In The Sands Of Time

Board Games - Have Deep Historical Roots Buried In The Sands Of Time

About the author: Royce Armstrong is a successful freelance writer with a business and banking background who believes consumers should get the best value for their money when shopping for leading board games such as monopoly [http://www.a1-in-toys.com/board-games.html], yahtzee [http://www.a1-in-toys.com/electronic-games.html] and scrabble [http://www.a1-in-toys.com/index.html].

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Budgets and Implementations of Business Strategy – Resource Availability

March 31, 2012 By

Budgets and Implementations of Business Strategy – Resource Availability

For the sake of simplifying this article, strategy and planning will be used to mean the same thing. Budgets and objectives are related and so is the implementation of business strategy. The implementation of a business strategy is considered as the final stage in business strategy (before monitoring and control). It could be defined as the translation of strategy into organisational action through organisational structure and design, resources planning and the management of strategic change.” Analyzing the definition, it becomes obvious that strategy implementation of a business strategy would therefore, be how well the various components in carrying it out are successfully integrated.

The organisational structure and design aspect of the definition has to do with how the human resources in the organization are utilised, mobilised and organised to be encountered through the usage of the organisation; and design aspect is that most employers can leave the firm if they are not motivated or given the right position to operate in the organisation in other words underutilised.

The next aspect in the implementation of a business strategy – resources planning-sets out what resources need to be created and which disposed of. It deals with the identification of resources needed, how those resources will be deployed and controlled to create the competences needed to implement the strategies successfully. This resources configuration is dependent on protecting unique resources i.e. where a strategy depends on the uniqueness of a particular resources such as legal means, fitting resources together (i.e. mix resources to create competence) business process re-engineering (i.e. to create a dynamic improvement in performance) and exploiting experience by learning and improving continuously to improve competence. One of the many problems is the conflict arising amongst departments on the allocation of funds especially where money is involved in the implementation of the business strategy.

Management of strategic change is the next component in the implementation stage. This change involves incremental change that merely builds on skills, routines and beliefs of the organization so that change is efficient, and transformational change, which requires the organisation to change its paradigm over time.

In constructing a strategic management system, the budgeting process must be linked with the business strategy. In commencing the budgeting process therefore, budget targets and organizational goals are set up for the next budgeting period by the budget directors, whose main task is to produce a master budget that combines business units and functional period budgets. From period budgets, the budget director constructs the master budget. This is then adjusted to calculate the forecasted shareholder value, which in turn acts as a test on the corporate strategy. This is the point where strategic analysis can be verified. If the strategic blueprints do not create shareholder value, they are taken through strategy modification cycle. Once the master budget and therefore, the strategic blue prints are through, the budget is set to be used and strategy to be implemented.

Acquiring a sufficient budget is one of the main requirements for efficient business strategy implementation. The question is where does budget and business strategy implementation interact?

There is evidence of numerous spates of failures of business strategies implementations and plans in spite of reasonable analyses. Someone has said that good planning can greatly reduce the risks in business failure.

A plan is a projection of future activity. It is normally translated into budget if quantified. Thus, for a forthcoming time period in which the budget relates expressed in money terms. It is defined as a financial or quantitative statement, prepared prior to a specified accounting period, containing the plans and policies to be pursued during that period.

Generally, budgets are prepared procedurally and systematically usually followed by most organisations (although the procedures might differ depending on the size, type and leadership style of the organisations) are as follows:

Communication of details: Those responsible for preparing the budget must be made aware and kept informed of the company’s strategic plans (plans or objectives) so that the budget is tailored accordingly. This means that long-term plans of the organisation must be taken into account in drawing the budget.

Principal budget factor that limits an organisation’s performance. It is usually sales demand. If an organisation cannot make and sell, more of its products because consumers do not accept that price it restricts the company’s demand. Management may, not know the limiting factor, say, machine capacity, distribution and selling resources, until a budget, draft has been prepared. This is the starting point in budget preparation. Once this factor is determined, the rest of the budget is set to be drawn.

Sales budget preparation: Usually this is the base or primary budget prepared based on sales forecasts and from which most of the other budgets emanate because it has been established that the principal budget factor for most organisation.This leads to initial preparation of budgets for the following: finished good stock, production, resources for production, overhead cost, raw materials (stock), raw materials (purchase)

It is when all the budgets are in complete consonance and with one another that they are summarised into the master budget made up of budgeted profit and loss account, budgeted Balance sheet and cash budget.

Cash budget is one of the most important planning tools that any organisation can use. Its usefulness is felt when it shows that there are insufficient cash resource to finance planned operations. Cash budget can show four positions or scenarios giving management an indication of potential problems that might arise so that management can avoid such problems.

The implication of the position is one of the areas where the budget interacts with the implementation of the business strategy. For example when the cash budget shows a position of short-term surplus, management are prompted to either make short-term investments, pay creditors early to obtain discount or increase sales by increasing debtors and stocks, on short term deficit, the appropriate action to be taken by management include increase creditors, reduce debtors and arrange overdrafts to fund the deficit. The other cash position-long term surplus is tackled by making long-term investments, expand organically or by acquisitions or diversify among others; and long-term deficit could be handled by raising long-term finance or disinvestment opportunities.

Budgets and objectives (strategies) are clearly allocated to those areas and activities in the organization, which are seen as priorities. If important objects are to be achieved, and priority strategies implemented, resources must be provided.

However, research in inter-organisational settings identifies resource acquisition (i.e. budget), cooperative interaction acquisition and organisational power acquisition as the difficult part of implementation processes. Thus, inter-organisational fights for larger budgets also influence budget planning and affect strategy implementation. For example, where resources are limited and finite, strategic opportunities may be constrained. Since budget planning is usually annual, budgets are frequently bound to be different from the current situational needs, especially towards the latter part of the budget period. Because of this, flexed budgets are designed to allow for changes in the level of activity, which might result from adaptive changes in functional and competitive strategies.

It must also be noted here that while the role for today’s financial managers is quickly moving upstream in the strategic plane, the challenge becomes even grater in light of the accelerating pace of change. This reality is rendering obsolete the traditional approaches to corporate governance, such as 3-5 years static annual planning and static budgets. To provide useful financial insight, sooner rather than later managers need to think about business strategy as a process of continuous course correcting more like a series of real options than a single projected cash flow statement.

The implementation of a business strategy could be likened to a human body without a soul (budget). If there is no soul in a body, it is deemed dead; in the same vein budget is that soul (especially when implementing a new business strategy) for the implementation of a business strategy; thus, the two are linked and interdependent.

Budgets and Implementations of Business Strategy – Resource Availability

Budgets and Implementations of Business Strategy - Resource Availability

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Can You Really Make Money Day Trading Forex Markets?

March 31, 2012 By

Can You Really Make Money Day Trading Forex Markets?

What if I was to tell you that day trading forex could potentially be the most dangerous and unprofitable activity for you and your portfolio. Honestly, there are better ways to trade forex than day trading, and easier ways to trade with much higher odds, but first let me explain these wild claims… 

Not only am I about to share with you the truth about forex day trading, I believe I will change your expectations and move your thinking towards trading higher timeframes with the aim of taking advantage of slightly longer term moves over several days of trading activity.  

Let me begin by asking you how many successful day traders you actually know or have ever met? Do you really believe beyond doubt and with complete evidence that you can point out a day trader who makes serious money consistently in the forex market? If you know of one, then I am happy for you go and learn from that trader, however if you are yet to meet a genuine day trader in the flesh, or if you’re struggling to find a genuine strategy to day trade forex, it’s likely because day trading is the rarest and most difficult form of speculative short term trading. In fact, the term “day trading” was invented in the hype of the 1980′s bull market mania and has survived the modern tech boom and commodities booms into was has become a sustained euphoria of lies regarding glamorous trading lifestyles and quick easy money. This giant industry wide hype continues to pass through each generation of novice and aspiring traders, making it now a widely accepted false reality for many financial market educators and retail traders.  

So heres where I give you a big reality check, the one you needed.  

Facts prove, almost 99% of day traders lose money using a common day trading strategy and the brokers promote it as this is where they make the serious money. They basically rely on market addicts and losers to make money from high frequency day traders, ever heard the word bucket shop? This pertains to firms that offer leveraged trading with small deposits, these firms don’t even hedge your trades in the real market, they simply take the other side of your trade, and most often they win because you’re stuck in the cycle of losers playing around as a ‘wanna-be’ day trader, go figure…  

Day trading forex has a low win rate and low strike rate  

Let me share with you something very important. Shorter timeframes allow for a high margin of error and require a high win rate and low risk reward, this makes the task of day trading extremely emotional, stressful and almost impossible. The reason is simply this; high volatility on small timeframes makes it easy to be stopped out of trades. It’s ironic isn’t it?, because day trading requires a high win rate since the risk reward available is so low. Remember, the lower the potential risk reward, the higher the win rate must be. This entire concept alone creates a casino situation which creates a genuine “houses edge”, where the house being the broker, and the trader being the gambler.  

Intraday forex trading computers work against humans in this tightly controlled yet massive market. It’s a market with huge players, banks and large companies who you play against every day, so what makes you think you can truly ever beat them, after all they own the market, not us small retail traders.  

Why day trading is most likely going to cause you financial ruin.  

I come back to my statement on trading short time frames intraday.  

The shorter the time variable the more random chance there is in the event, the more volatile it is, the harder it is to predict. That’s why I have moved my trading on to larger timeframes as they offer a more predictable and more cumbersome slower moving market signal to work with,.  

Moving to higher time frames with your forex trading is the key to profits

As a 8 year veteran of the currency markets, if you choose to take my word for it, I will share with you something important, but pay attention.  

Ever thought that these bucket shop brokers make the industry this way to earn brokerage on the pip spreads?, Maybe they need you to lose to make money from your losses?, or maybe the majority of this crooked industry is just simply out of their mind and have no idea?, that’s the more likely answer. I rarely come across anybody who has any idea what it takes to be a trader nor do I ever see a truly efficient trading platform, which aims to make trading simpler for the client, its all part of the plan they have to siphon off your money. I never see brokers promoting longer term strategies, you know, the stuff that truly works, they want to hide that from you, they want to hide the stuff that is easy to understand.  

Trading is not about following momentum and trading break outs, it is certainly not about using indicators, and it is not about trading news and economic data intraday, it is something unrelated to any of these, yet your unlikely to ever discover it amongst the hype of the brokers and the market education bandwagon.  

So what’s the path to currency traders rehab?  

Let’s firstly change your trading mindset altogether and move you into trading higher timeframes, period! Let’s take your existing day trading mindset and throw it in the garbage and start from scratch. Lets get you to start following daily timeframe charts, and remove all your indicators and magical systems from the charts.   This article is designed to wake you up and get you to start exploring the other side of this industry, the position traders, the longer term approach in which we aim to capture multi day moves from the volatility of these great markets. The swing traders of this market make the largest profits, so it’s time to learn how to get on board these multi day and multi week price moves, we must learn to tail ride the the hedge funds, the interbanks and the multinational companies all whom work together.  

I hope that wets your appetite so far  and has gotten you very excited about what may lie ahead for your trading if you’re prepared to change your mindset and jump the fence from day trading to position trading with a simple set of price action strategies, ones which I can help you discover. 

Can You Really Make Money Day Trading Forex Markets?

Can You Really Make Money Day Trading Forex Markets?

For more quality information and education on the art of swing trading trading higher timeframes and trading price action, you can visit my Forex Education and Training website Forex Trading Education.

For Media Enquiries Visit the Contact Us Section of My Website

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Self Defense Strategy For Women in Three Easy Steps

March 31, 2012 By

Self Defense Strategy For Women in Three Easy Steps

When it comes to women’s self defense, I have always preached a well-rounded approach in developing self defense strategy. Knowing how to use some basic self-defense techniques, as well as learning how to use and carrying different self defense products should be a foundation for a good self defense program.

Unfortunately, women are targets 9/10 times when it comes to assaults. They are victims in domestic violence cases to street assaults, from rapes to home invasions nine times more often than men. So it is especially important for women to develop a self defense strategy. Here are some good building blocks for that strategy in three easy steps.

1.Learn self-defense techniques. This is the foundation for any good self defense strategy. Everything from basic self-defense techniques to more advanced courses can be learned in the comfort of your own home by world-class instructors on a wide variety of self defense training DVDs. There is even a course taught by Delta Force and Navy Seal personnel. Not only is this a great way to learn some practical tools for your self defense, but it is also a great way to bond as a family and teach your kids the same techniques.

2.Self Defense Products. Learning how to use and carrying self-defense items like pepper sprays, stun guns and tasers are the next logical step in your self defense strategy. I always advise women especially to carry a stun gun and a pepper spray. Learn how to use them and practice how to use them. That way when the time comes you will have a reflexive action. Those few seconds, could save your life.

3.Practice. If you don’t practice and become proficient in your self defense techniques and using your self defense weapons you will lose the edge you need to reflexively react in a threatening situation.

If you think crime can only happen to the other guy you are wrong. The “other guy” is thinking the same thing and to him you are that “other guy”. There is a reason why they call it self defense.

Self Defense Strategy For Women in Three Easy Steps

Self Defense Strategy For Women in Three Easy Steps

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Handling The Challenges of a Cross-Cultural Relationship

March 31, 2012 By

Handling The Challenges of a Cross-Cultural Relationship

We have heard it said so often that the world is becoming smaller. A natural implication is that people from different nationalities and cultural backgrounds are coming closer to each other and getting more opportunity to mingle. In this scenario, cross-cultural relationships have become fairly common, and so have cross-cultural ‘failed’ relationships. Such relationships bring their own challenges, and it is better if you are prepared to deal with them, before you marry or move in with your partner.

Be Prepared for Differences

This may sound fairly commonplace, but are you really aware of what all ‘differences’ might entail? Maybe your partner has a different way of eating, different food preferences, different ideas of how the decor of your house should be, how the kitchen should be run or how your bedroom should look. Sometimes rituals and prayer methods might also come into the picture, not to mention festivals and celebrations. In order to be prepared to handle new and unfamiliar customs and habits, it is important that you and your partner talk about your different ways of living and what kind of adjustments will be required. If you are both prepared to help each other through, that is a perfect beginning to your cross-cultural marriage.

Accept Differences and Respect Boundaries

You not only need to be prepared to face your partner’s differences, but also accept them and blend them in with your lifestyle, if you want to maintain a successful cross-cultural relationship. For instance, if your partner eats her daily meals in a traditional way, seated on the floor, while you prefer a dining table, it is best if neither of you gets flustered and irritated. Try to hit a compromise, where you both take turns to make adjustments for the other person. Also, she may have what may seem to you odd ways to celebrate festivals. Try to participate, enjoy and learn. You won’t get a better opportunity to sample a different way of life. However, if you are uncomfortable participating in something, you need to be open with your partner and tell them that. Communication is an invaluable tool, and it is important that neither of you forces the other. Respect each other’s boundaries, and you will have much less occasion for grief.

Mutual Adjustment

If both of you are open and communicative, you may find that the best solution to some of the differences in your cross-cultural relationship is mutual adjustment. So, if you are French and your partner is Australian, your best bet may be a multi-cuisine kitchen, with ingredients and cooking styles to suit both your palettes. Adjustment may also be essential in the matter of space utilization. So, if your partner must have a prayer room, don’t argue with that. However, in this case personal outlooks matter just as much, or even more than, cultural upbringing.

Relocating

If your cross-cultural marriage necessitates that your partner relocate to your country, you will need to be especially sensitive, cooperative and supportive. Everything will be new for your partner, and they may have made a lot of sacrifices just to be with you. If it is you doing the relocating, make sure you are prepared for the change and comfortable with the idea. The worst thing you can do is make a hasty decision, spurred on by your love and attraction. You don’t want to end up regretting your cross-cultural relationship and grudging your partner.

You are free to publish this article without any change in the content electronically, in print, in your e-book, or on your web site, free of charge, as long as the author resource details are included.

Handling The Challenges of a Cross-Cultural Relationship

Handling The Challenges of a Cross-Cultural Relationship

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Commodity Futures and Options Trading- Money Management, Risk and Trading Logic, PART 3

March 31, 2012 By

Commodity Futures and Options Trading- Money Management, Risk and Trading Logic, PART 3

Possibly the most important aspect to get right in trading is survival. This is number one. Without surviving the bad times we are gone, with no hope. Money management and risk may sound like boring subjects, but read on to see how exciting they can be once you learn the concrete reasons and logic for their use. You may never trade the same way again!

Commodity option buying can be rough for novices. Some see a TV pitch about striking it rich in gold or heating oil. They load up their entire account buying way out-of-the-money options, lose all of their trading capital through premium erosion and then curse the market. They don’t consider to survive they must prepare for the inevitable string of losses when trading at 10% accuracy. We need to survive long enough to be around when that 10% option winner hits big. The other 90% will be losers simply from the probability of the method used.

In this case, it means dividing our trading capital into at LEAST twenty parts to be able to survive the string of losses that probability will surely bring our way, over time. It’s about survival and knowing what type of commodity trading we are doing so that we can adjust the money risked on each trade. If we are trading at 10% accuracy, (option buying) and expecting to make money on the first 3-4 trades, it’s pure arrogance.

Then there are some commodity option traders who will overload themselves by buying large option positions and are willing to let them erode away, taking a full 100% loss of the total account. They have no plan to exit if the market does not act properly. Not a good idea. Though, some buy a commodity option and use its full loss as a stop loss in itself. That’s acceptable ONLY if you do it with small positions. But the sad thing is when these guys get a mere double in the option price, they call that a big profit and grab it. Pure lunacy!

How can one be willing to lose their total investment and at the same time take tiny gains while still trading at 10-20% accuracy? The results are predictable. They consistently lose. Their excuse is the analysis is bad, or the commodity markets are poor or they should have gotten into another trade instead. You can point the math out to them, but they do not get it. No matter what they do, the result will continue to be the same unless money management changes are made. By the way, one definition of insanity is doing the same thing over and over while expecting different results. (grin)

The bottom line is that if your commodity trading method generates an average of 20% (at best) accuracy by design, as option buying way out-of-the-money often does, you had better be seeing your average gains four times larger than your average losses. And, this is just to break even not counting commissions, bid-offer spreads and slippage! This means if you think a $2,000 loss is prudent, you had better be averaging $8,000 gains to break even. Just to break even!

You must sit on your hands and let the profits run when buying options. This is over the long-haul where things even out over time. In the short term you may trade better or worse, but over time, probability will put you where you spend the most time. With a $10,000 account, if you’re taking $2,000 profits and $2,000 losses when trading 20% accurate, you will probably be out of the commodity option business in less than ten trades. This may sound like fiction, but believe me, many new traders do exactly this, thinking they will win in the end.

Part Four of Five Parts – Next!

There is substantial risk of loss trading futures and options and may not be suitable for all types of investors. Only risk capital should be used.

Commodity Futures and Options Trading- Money Management, Risk and Trading Logic, PART 3

Commodity Futures and Options Trading- Money Management, Risk and Trading Logic, PART 3

Thomas Cathey – 27-year trading veteran heads the managed futures division of Thomas Capital Management, LLC. View his TimeLine Trading market predictions and get his complete 44+ lesson, “Thomas Commodity Trading Course” – they’re all free. [http://www.thomascapitalmanagement.com/commodity/welcome.htm] Main site: [http://www.ThomasCapitalManagement.com]

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