Forex Trading Tips

Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?

This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading.

Trade pairs, not currencies - Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.

Knowledge is Power - When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.

The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.

Unambitious trading - Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.

Over-cautious trading - Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you don't place reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade.

Independence - If you are new to forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you either of these two things:

Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation period);

Seek advice from too many sources - multiple input will only result in multiple losses. Take a position, ride with it and then analyse the outcome - by yourself, for yourself.

Tiny margins - Margin trading is one of the biggest advantages in trading forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success.

No strategy - The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new traders that lose their money.

Trading Off-Peak Hours - Professional FX traders, option traders, and hedge funds posses a huge advantage over small retail traders during off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and move them around when there is far small trade volume is going through (meaning their risk is smaller). The best advice for trading during off peak hours is simple - don't.

The only way is up/down - When the market is on its way up, the market is on its way up. When the market is going down, the market is going down. That's it. There are many systems which analyse past trends, but none that can accurately predict the future. But if you acknowledge to yourself that all that is happening at any time is that the market is simply moving, you'll be amazed at how hard it is to blame anyone else.

Trade on the news - Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions and prices change resulting in a serious currency flow.

Exiting Trades - If you place a trade and it's not working out for you, get out. Don't compound your mistake by staying in and hoping for a reversal. If you're in a winning trade, don't talk yourself out of the position because you're bored or want to relieve stress; stress is a natural part of trading; get used to it.

Don't trade too short-term - If you are aiming to make less than 20 points profit, don't undertake the trade. The spread you are trading on will make the odds against you far too high.

Don't be smart - The most successful traders I know keep their trading simple. They don't analyse all day or research historical trends and track web logs and their results are excellent.

Tops and Bottoms - There are no real "bargains" in trading foreign exchange. Trade in the direction the price is going in and you're results will be almost guaranteed to improve.

Ignoring the technicals- Understanding whether the market is over-extended long or short is a key indicator of price action. Spikes occur in the market when it is moving all one way.

Emotional Trading - Without that all-important strategy, you're trades essentially are thoughts only and thoughts are emotions and a very poor foundation for trading. When most of us are upset and emotional, we don't tend to make the wisest decisions. Don't let your emotions sway you.

Confidence - Confidence comes from successful trading. If you lose money early in your trading career it's very difficult to regain it; the trick is not to go off half-cocked; learn the business before you trade. Remember, knowledge is power.

The second and final part of this report clearly and simply details more essential tips on how to avoid the pitfalls and start making more money in your forex trading.

Take it like a man - If you decide to ride a loss, you are simply displaying stupidity and cowardice. It takes guts to accept your loss and wait for tomorrow to try again. Sticking to a bad position ruins lots of traders - permanently. Try to remember that the market often behaves illogically, so don't get commit to any one trade; it's just a trade. One good trade will not make you a trading success; it's ongoing regular performance over months and years that makes a good trader.

Focus - Fantasising about possible profits and then "spending" them before you have realised them is no good. Focus on your current position(s) and place reasonable stop losses at the time you do the trade. Then sit back and enjoy the ride - you have no real control from now on, the market will do what it wants to do.

Don't trust demos - Demo trading often causes new traders to learn bad habits. These bad habits, which can be very dangerous in the long run, come about because you are playing with virtual money. Once you know how your broker's system works, start trading small amounts and only take the risk you can afford to win or lose.

Stick to the strategy - When you make money on a well thought-out strategic trade, don't go and lose half of it next time on a fancy; stick to your strategy and invest profits on the next trade that matches your long-term goals.

Trade today - Most successful day traders are highly focused on what's happening in the short-term, not what may happen over the next month. If you're trading with 40 to 60-point stops focus on what's happening today as the market will probably move too quickly to consider the long-term future. However, the long-term trends are not unimportant; they will not always help you though if you're trading intraday.

The clues are in the details - The bottom line on your account balance doesn't tell the whole story. Consider individual trade details; analyse your losses and the telling losing streaks. Generally, traders that make money without suffering significant daily losses have the best chance of sustaining positive performance in the long term.

Simulated Results - Be very careful and wary about infamous "black box" systems. These so-called trading signal systems do not often explain exactly how the trade signals they generate are produced. Typically, these systems only show their track record of extraordinary results - historical results. Successfully predicting future trade scenarios is altogether more complex. The high-speed algorithmic capabilities of these systems provide significant retrospective trading systems, not ones which will help you trade effectively in the future.

Get to know one cross at a time - Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one cross at a time.

Risk Reward - If you put a 20 point stop and a 50 point profit your chances of winning are probably about 1-3 against you. In fact, given the spread you're trading on, it's more likely to be 1-4. Play the odds the market gives you.

Trading for Wrong Reasons - Don't trade if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no trade to make in the first place. If you are unsure, it's probably because you can't see the trade to make, so don't make one.

Zen Trading- Even when you have taken a position in the markets, you should try and think as you would if you hadn't taken one. This level of detachment is essential if you want to retain your clarity of mind and avoid succumbing to emotional impulses and therefore increasing the likelihood of incurring losses. To achieve this, you need to cultivate a calm and relaxed outlook. Trade in brief periods of no more than a few hours at a time and accept that once the trade has been made, it's out of your hands.

Determination - Once you have decided to place a trade, stick to it and let it run its course. This means that if your stop loss is close to being triggered, let it trigger. If you move your stop midway through a trade's life, you are more than likely to suffer worse moves against you. Your determination must be show itself when you acknowledge that you got it wrong, so get out.

Short-term Moving Average Crossovers - This is one of the most dangerous trade scenarios for non professional traders. When the short-term moving average crosses the longer-term moving average it only means that the average price in the short run is equal to the average price in the longer run. This is neither a bullish nor bearish indication, so don't fall into the trap of believing it is one.

Stochastic - Another dangerous scenario. When it first signals an exhausted condition that's when the big spike in the "exhausted" currency cross tends to occur. My advice is to buy on the first sign of an overbought cross and then sell on the first sign of an oversold one. This approach means that you'll be with the trend and have successfully identified a positive move that still has some way to go. So if percentage K and percentage D are both crossing 80, then buy! (This is the same on sell side, where you sell at 20).

One cross is all that counts - EURUSD seems to be trading higher, so you buy GBPUSD because it appears not to have moved yet. This is dangerous. Focus on one cross at a time - if EURUSD looks good to you, then just buy EURUSD.

Wrong Broker - A lot of FOREX brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your broker.

Too bullish - Trading statistics show that 90% of most traders will fail at some point. Being too bullish about your trading aptitude can be fatal to your long-term success. You can always learn more about trading the markets, even if you are currently successful in your trades. Stay modest, and keep your eyes open for new ideas and bad habits you might be falling in to.

Interpret forex news yourself - Learn to read the source documents of forex news and events - don't rely on the interpretations of news media or others.

Fiorenzo Fontana
http://www.forextrading-system.com - online trading, currency trading, financial service

What Does It Mean When You Draw The Hermit In A Tarot Card Reading

Have your friends been driving you crazy? Now is the time to get rid of them. Break an unnecessary habit. Eliminate unhealthy ruts and routine. Read the entire article to fully learn the tarot symbolism and tarot card meaning of the Hermit.


The Hermit In A Tarot Card Reading.
The Fool has learnt many things on his journey. The next stage of initiation has been reached and he must sit quietly for a time.

A familiar figure in religions is The Hermit or a religious recluse. The tarot symbolism of the Hermit is he represents the need to withdraw from the world for awhile to contemplate the meaning of life and seek enlightenment. By delibeartely isolating himself he is able to concentrate completely in union with spiritual powers.

A Hermit retires to the wilderness, to the top of the mountain or finds a distant cave for his solitary home of course this is just the extreme ways to go about it for us everyday folks. But here The Hermit learns inner wisdom and listens to the voice of his higher self. Most hermits in the tarot carry a lamp which is the tarot symbolism of spiritual light and knowledge. The light from the lamp illuminated the secrets of the unconscious, profound mysteries which are not easily revealed.

The tarot card Hermit is associated with Virgo which governs the sixth house of the zodiac. It's traditionally the sign of work and service to others. Selfless service is one way to rid ourselves of conceit and arrogance and as a means to purify the soul.

Nine is the number of the Hermit a number of completion, creativity and the universe.

When you draw The hermit in a tarot card reading, you have a pressing need to be alone, to think, reprioritize and commune with nature. You may feel achieved everything you have set out to do and wonder what's next is the most common tarot card meaning of The Hermit.

So you will not lose out on everything if you unplug the phone, cancel social engagements,leave the door unanswered and emails unreplied to think, make plans,meditate,visualize. YOu will soon realize that there are new things to earn, new avenues to discover. You may want to spend sometime in a retreat,take long solitary walks or travel alone. Peace and quiet are of the utmost importance now. Silence is golden says The Hermit for it illuminated the path ahead.

Another important tarot card meaning of The Hermit is you will soon realize that there is always something new to study like spiritual doctrines,philosophy and meditation.

Sometimes The Hermit can enter your life as a teacher. The person is likely to be unconventional teacher, but he will be someone wise and kind who can guide you in the right direction. Listen to the advice that is being given for it will be worth in gold.

When The Hermit appears in a tarot card reading it can be a warning against thoughtless action. Take precautions and discretion and be prudent in worldly affairs. Think,consider every angle and approach, take as much time to reach your conclusion before doin any action.

That's basically the tarot card meaning of The Hermit when you draw it in a tarot card reading.


Jovita Orais started reading tarot professionally in the mid nineties. To fully learn the unique tarot card meaning of the 78 cards of the tarot deck visit Tarot Meaning Information.

QUALITY AND QUANTITY ASSURANCE AND CERTIFICATION IN THE SOLID MINERAL INDUSTRY IN NIGERIA; THE OPPOR

So much as been said about the abundance of rich mineral deposits in Nigeria with little or no emphasis on the other sectors like quality and quantity assurance and certification, where investors can invest and make good returns on there investment.

In one of my article which borders on the investment opportunities in the solid minerals industry in Nigeria, I mentioned about five {5} investment windows and one of such areas is offering of quality and quantity assurance and certification services especially on the local trading of the minerals in Nigeria.

Most of the quality and quantity assurance and certification companies working in Nigeria Cotecna, SGS, and BV Veritas are usually export oriented, that is , they focus more on goods that are scheduled for export and at such most of the operations and offices are located very close to the ports in the country while most of the goods for export as with the case of solid minerals comes from the Northern part of the country where they are no ports and by effect ,this creates a lot of problem for traders whom are only interested in trading the products locally because of the existence of international buyers in the ground.

Like you know, most of the mining activities in Nigeria is centered in Jos and at the moment the most credible quality and quantity assurance and certification firm in Nigeria is Nigeria Mining Cooperation {NMC} locate in Turdun Wada, Jos. They most handle the quality aspect while the quantity can be done in NASCO in Jos where they have a weigh bridge or weighing done with the use of a scale. I can remember some times last year, when we had to conduct a test on a sample and unfortunately the machine in NMC developed some technical fault and because they are the most trust worthy quality and quantity assurance and certification company {at least, that I know of} in Nigeria, we had to wait for weeks before the fault could be rectified and our samples tested.

For the benefit of those who need to know, an attempt would be made to define mineral and metal ore so that they would better understand the need for quality and quantity assurance and certification. Mineral is an inorganic substance found in nature with a characteristics chemical composition and in some cases, of definite crystal structure. The earth crust contains rocks of different composition with different physical properties, some hard, some soft.

Rocks are the materials which the earth's upper crusts are made of. Rocks are themselves composed of minerals. Minerals are naturally occurring elements like gold, or a compound such as Iron Oxide. If a rock contains a mineral from which a metal can be extracted at a profit, it is call an Ore. For example, copper Ore.

Given the above, it is therefore important to conduct quality and quantity test in order to ascertain the true content by percentage of the particular mineral of interest and given the local need for a credible quality and quantity assurance and certification firm, the business is highly required and desired.
Other services that can be considered by the investor include grinding and packaging services.

There is no doubt that quality and quantity assurance and certification is essential to the successful conclusion of a transparent transaction in the mineral ore trading business and any investors that invest in the quality and quantity assurance and certification business would no doubt have a growing and sustainable market.

Should you require a market report/feasibility study, supply contract or sourcing of the product from miners in Nigeria, please do contact the writer.

Anaekwe Everistus Nnamdi is a Business Development Consultant by day and blogs on investment opportunities in Nigeria by Night. He is the administrator of www.nigeriabusinessplace.com ,a forum focused on business in Nigeria.

To contribute / promote your business and read about other investment opportunities from other writers and organizations, register on the forum.

Visit his inspiring and educative blogs at

www.farriconsultingng.blogspot.com
www.propertyforsaleinnigeria.blogspot.com


You can reach the writer on + 234 {0} 8033782777, +234 {0} 7082530855 or
enquiries@foramfera.com

Tibia fast leveling guide for sorcerers

If you are playing Tibia game,and prepare to have bad magic level or prepare to use loads of resources to raise that magic level. This guide is for those who don't have a blocker, if you do just go hydras or whatever.
Level 8 Once you're out of rookgaard, go to edron, get a wand of vortex and go hunt some rotworms. Buy Light or Find person spell, and a cheap shield like dwarven shield. Use parcels or other blocking items to block the rotworms, so you don't get damaged too much. Make lootbags of swords and maces, and take all worms.

Level 12 At level 12, you should have enough money for energy strike. Your mana should heal faster than you use your wand, so use energy strike to kill rots faster.

Level 13 If there's a person selling the wand of dragonbreath for under shop price (1000gp), buy it, or just buy it from shop since it's not that much. Travel to darashia by carpet, buy intense healing (exura gran), and continue to hunt rotworms there. If there are people buying worms, sell yours, this is just a little way of getting more money.

Level 20 If you can get a team to desert quest, just join, otherwise don't waste your time, and continue to hunt and make lootbags. At this stage, you should have enough money, and try to buy the wand of cosmic energy beforehand.

Level 25 Buy a cheap weapon (Firesword/knight axe/dragon hammer on old worlds, spikesword/barbarian axe/clerical mace on new worlds), and buy the HMM spell. Hunt rotworms and make lootbags and HMMs. If you haven't bought the level 26 wand yet, just buy from npc shop.

Level 26 You should have finished the desert quest by now, if not, make a few more BPs of hmms and sell them, and get enough money for a promotion. If you also have the wand of cosmic energy, this is where you can start to level quicker. Go to a larva cave in ankrahmun, and bring your wand of cosmic energy and wand of dragonbreath. It will always take only 2 hits from the level 26 wand (larvas have 70 hp, and the wand has a minimum damage of 37), so it gives a very good mana:exp ratio. When your mana runs out, however, switch to your wand of dragonbreath, and once you have enough, switch back to the level 26 wand.

Level 28 You should get this stage relatively quickly and have quite a bit of money from the larvas. Try to buy the level 33 wand beforehand, and buy the firewave and summon creature spell.

Level 33 By now, you should have a wand of inferno, spend the remainder of your money on mana fluids, and go to either tarpit tomb/stone tomb/oasis tomb second floor. Skip the first floor of the tombs, by firewaving the weak monsters or so. If you want to reduce your wastes and get around 25% less exp, summon a monk and hunt at the tombs. Else, go around attacking everything with wand + energy strike. Make lootbags of everything you loot that can sell for more than 25 gp. You should find that you gain a little profit.

Level 45 You can start hunting vampires, by using scarab coin to go through teleporter, or hunt at third floor of tarpits. Now this part is about the risk. If you believe you can solo easily, use intense healing whenever you get damaged, and use ultimate healing whenever your hp goes under 200. Lure the monsters 1 by 1 if you do this. If you want to be risk free, summon 1 or 2 Demon skeletons and kill the vampires like this, and you can even go further such as bonebeasts. Also buy invisibility spell

Level 55 Go to cyclopolis in edron, and you can hunt there without summons. Use intense healing, wand and energy strike, and always heal when there is risk of getting killed in 1 hit.

Level 60 If you want, go hunt necromancers, because it won't be a waste. Bring loads of mana fluids and some GFBs, invisible through the demon skeletons and ghosts, and GFB the spawns if there are more than 2 necros there. It shouldn't be much of a risk if there is less than that, you could energy strike and wand combo easily. If you want to reduce waste though, bring some intense healing runes and summon a demon skeleton. You also have a chance to loot boots of haste for some money to powergame loads.

Level 70 Get ultimate explosion spell, and offer to clear djinn quest for some money (20k team charge makes a profit). You can do this for yourself as well. Spend the payment money on mana fluids and bring a few SDs, go up the djinn towers use mana fluids and UE! If the djinns survive just SD them to death. You get experience here and you do the djinn quest, also you loot the items and you don't pay anything. You do it from the party's money. You can do this as much times as you like. Otherwise, go back to hunting necros.

Level 80 You can hunt basically anywhere now, but just go down to deeper tombs, and kill ancient scarabs and giant spiders with exura gran and exori vis. Use exura vita whenever you feel you can get spammed to death.

Level 90 Buy force strike, and you can hunt heroes with it and intense healing. This will get you some loot as well.

Level 110 You can solo hydras now, using energy strike and intense healing. Use UH whenever your HP goes under 500. This is a pretty good way to gain fast exp and loot now.

Hope this guide can help you make more tibia gold,thank you for your reading!

Guide to the Exceptional Maryland Wedding Venues

Weddings are one of the most special events that anyone can go through. This is why people spend so much time planning for their dream wedding. It has to be perfect - from gowns to décor - so that it will be cherished forever. Included in the wedding preparation is finding the right venue for the celebration. Of course, one wants to be in a classy, unique and attractive location so that it will turn out to be the best. If you are still on a hunt for the best wedding venues, Maryland is the answer. Save your time in finding the great location because there are tons of great Maryland wedding venues.

One of them is the Milton Ridge Historic Chapel and Reception Hall. It is situated in Frederick, Maryland that offers all-inclusive wedding packages so that everything that a bride needs for her dream wedding are found all in one place. All the services offered by this elegant and intimate place are also available for other locations. Its chapel was also restored wonderfully to make it a perfect wedding spot where brides and grooms can share their vows together with their families and loved ones.

If you want a castle themed wedding, Maryland wedding venues will surely make your royalty dreams come true. Cloisters Castle is one of the most popular in this state. This is actually a private home which was made and finished for more than twenty years. It is very exceptional with an exterior of gray stone and Butler gold. It is situated in Lutherville, Maryland and features acres and acres of trees with a dazzling garden. This is also famous for being the wedding site for Will Smith and wife Jada Pinkett. Usually, the rental fee allows the people to be around here for ten hours but if you want to extend the time, you can do so with an extra charge.

If you think that castles are a bit extravagant for you, you can opt for mansions Glenview Mansion, which is located in Rockville, Maryland. This is one of the top Maryland wedding venues and is a part of the Rockville Civic Center Park with a neoclassical design. With numerous beautiful windows and sporting pillars, this is a great wedding venue for those who want to make the most out of the experience. The mansion also has a dining room that screams luxury and quality. This can hold up to 225 people.

There are still a lot of Maryland wedding venues. You can also go for inns and taverns in here such as the Slade's Inn and Tavern. This is a Victorian inn that is completely matchless. What is also great here is that you can minimize the stress brought about by the wedding preparations since the management will take care of your needs like messages for the bride and groom as well as the make up sessions. Indeed, Maryland wedding venues are the best places to hold the most special event for you and your soon to be spouse!

Cassandra Angelica Cruise writes about wedding venues such as Maryland wedding venues and other wedding reception venues.

Pilgrim's Pride (PPC) Offers to Acquire Gold Kist (GKIS)

On Friday, integrated poultry producer Pilgrim’s Pride (PPC) publicized its offer to acquire smaller rival gold Kist (GKIS) for $20 per share. The offer values gold Kist at roughly $1.16 billion including the assumption of $144 million in debt. The $20 a share cash offer represented a nearly 55% premium over Friday’s closing price of $12.93.

Since the offer was made public, the market price of Gold Kist’s shares has risen to $19.88.

Going Public

On Friday, Pilgrim’s Pride put out a press release that included the text of a letter delivered to Gold Kist’s board (that same day). In the release, Pilgrim’s Pride claimed it has “substantial current liquidity” and that its financial advisors have given the company “further assurances” that Pilgrim’s Pride has the ability to finance the transaction.

The release also suggested the transaction would be accretive to EPS in the first full year following the merger; the combined company would enjoy approximately $50 million in anticipated synergies. During 2005, Gold Kist had sales of over $2.3 billion while incurring Selling, General, and Administrative costs (SG&A) of just $112.2 million. So, these anticipated synergies would likely come from the cost of goods sold line. Pilgrim’s Pride suggested as much in the release by stating such synergies were “expected to come primarily from the optimization of production and distribution facilities and cost savings in purchasing, production, logistics, and SG&A”.

A Fair Price?

The letter to Gold Kist’s board is generally unremarkable, being full of the usual platitudes such as “value creation for our respective shareholders, employees, business partners and other constituencies”. Considering the price at which Gold Kist currently trades, the limited expected synergies, and the fact that the current proposal is for an all cash deal, it seems far more likely Pilgrim’s Pride is looking to create value for its shareholders by capturing the wide spread between the market price of Gold Kist and the company’s value to a 100% owner.

Pilgrim’s Pride shouldn’t be faulted for trying to exploit such an opportunity. However, investors shouldn’t view the deal as a value creating combination when it is clearly an opportunistic attempt to buy something for less than its worth.

The letter did state that Pilgrim’s Pride is “willing to discuss alternative forms of consideration, including a mix of cash and Pilgrim’s Pride common stock”. We’ll see what this means in the days ahead.

I suspect it means some small amount of stock as a sweetener rather than a radically different mix of cash and stock. The reason for this is obvious. Shares of Pilgrim’s Pride are probably worth a lot more than their quoted price; so, a deal consisting of a large amount of stock in place of cash would actually be a big step up in the true amount of economic consideration given in exchange for Gold Kist’s operations.

Valuation

Now, some may argue that this deal is aimed in large part at capturing synergies rather than exploiting a difference between the price and value of a competitor. If you look at chicken producers Pilgrim’s Pride, Gold Kist, and Sanderson Farms (SAFM), you’ll see that the current price-to-sales and price-to-book ratios aren’t that low relative to where these stocks have traded in the past.

That’s true. But, they’ve been quite cheap in the past. Over the last ten years, these stocks have strongly outperformed the S&P 500. For the most part, this outperformance has not been the result of multiple expansion in terms of either price-to-sales or price-to-book. Today, both Pilgrim’s Pride and Sanderson Farms trade at roughly the same price-to-sales and price-to-book ratios as they did from 1996-1998. Yet, they’ve strongly outperformed the S&P 500 since then.

There’s a case to be made that the chicken producers actually deserve to trade at higher price-to-sales and price-to-book ratios than they have in the past. If you buy that argument, then the fact that Gold Kist is already trading at or above the kind of price-to-book and price-to-sales multiples chicken stocks have often traded at, doesn’t mean Pilgrim’s Pride isn’t getting a bargain at $20 a share.

Cash vs. Stock

For Gold Kist shareholders there’s a simple solution to the problem of getting a raw deal. While Gold Kist may be cheap, it’s no longer cheap relative to the other chicken stocks – including Pilgrim’s Pride.

So, the easiest way to ensure a good deal would be to insist Pilgrim’s Pride puts its stock where its mouth is. If both Pilgrim’s Pride and Gold Kist are undervalued, paying for Gold Kist in stock would require the swapping of one undervalued asset for another. That would make for a true combination. Of course, it also might make the deal a lot less attractive for Pilgrim’s Pride.

If I were a Gold Kist shareholder, I’d want the deal to be all stock. There’s nothing wrong with swapping part ownership of one poultry producer for part ownership of a new, larger poultry producer. But, there is potentially something very wrong with swapping part ownership of a poultry producer for cash.

Copyright 2006 Geoff Gannon

Forex

When forex made its first debut within the capital markets, now not very many may just believe that it would someday turn out to be no longer best the largest, but also probably the most liquid securities marketplace in the world. Many different securities were trending at the moment, and such a lot day buyers didn't even want to uncover the treasures that lied buried on this new and emerging market. However after some exceptional success discovered by means of the pioneers in the forex market, the eye to it evidently flowed and impulsively greater its liquidity and relative ease of creating actual and quick earnings. Regardless of its reputation and luster, it is still actual however, that good fortune in buying and selling the Foreign exchange markets calls for a crystal clear Foreign exchange solution to navigate the markets without being a victim of the cruel and unrelenting greed of other traders.

It's superb how the advancement in technology and the marvels of the internet have ended in a ancient revolution of the Foreign exchange markets. It's real that Forex has made nice leaps forward relating to how buying and selling is executed, and the quantity of trades made on a daily basis. It was that one had to shop for actual money in a single type of currency, and hang it for a good even as prior to selling it for any other form of forex and profiting from the difference. Alternatively, if the timing of these transactions changed into poor then one could make a loss and position themselves for any other funding possibility.

The days for buying and selling forex via Forex Alternate bureaus is long gone, and highly digitized buying and selling structures have changed the means wherein you could access Forex. As usual, many Foreign exchange brokers have emerged and are cashing in massive time by means of offering trading systems with up-to-date Forex charts. Some are even offering real-time Foreign exchange indications and introducing their purchasers to distinctive Forex methods that they can use to get the best that the marketplace can give in any of their trades. Through the years, most Forex traders have found those after-sales services presented by means of major Foreign exchange agents to be of significant get advantages in their trading industrial.

In all probability probably the most frustrating of all endeavors for almost all investors is to find a trading gadget that produces fascinating constant effects always. For centuries, just a handful of investors had been famed to have possessed a buying and selling machine that received always, or just about the entire instances while it changed into used available in the market. Many will agree that prediction of price movements in the market still is still essentially the most difficult and heavily researched space of the securities markets usually. Even supposing many have claimed to own the holy grail of Forex trading and fallen short of their claims, it's real that there are buying and selling methods on the market that experience given the Forex market a good challenge.

Many savvy Foreign exchange buyers will agree that what a trader critically requires to make a beautiful luck in the Forex markets is to get a Foreign exchange technique which will generate robust Foreign exchange signals at an appreciable price. What a dealer in point of fact needs to understand is when the forex being traded is at its most cost-effective worth in order that they may be able to input the market through buying, and whilst it's at its such a lot pricey worth in order that they are able to go out the marketplace by way of promoting, or vice versa. There are lots of Forex trading methods out there as of late that declare to offer those buying and selling signs with utmost precision, however in actual fact that one has to do their due diligence first prior to making an investment decision.

You will need to recognize that wisdom and understanding of the Foreign exchange markets is an quintessential key to luck on this industry. Ignoring the will or the significance of solid education here is not in the best passion of any dealer as people who've been burnt out through the years will agree. Surrounding oneself with the most productive Forex training subject matter, the current buying and selling methods and up to date industrial traits is very a good suggestion. It will have to be stated on the other hand, that regardless of its profitable nature, Foreign currency trading may be very risky and one must by no means ignore due diligence prior to taking any place available in the market.

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Can Forex Trading Make You or Break You?

During these days of recession everybody is looking for ways of making money.

Some are looking for part time jobs to increase their income and others want to start some small business.

Not many people know that forex Market offers opportunities to everybody. forex trading can Make you as well as Break you if you don't know how to trade.

To make money through Forex you need to first learn how its done. You can buy many forex trading Courses on Ebay as well as online but it costs money and many of us are reluctant to part away with our hard earned money.

Luckily Dr. Zain Agha has written a 7 part Forex Trading Course and he has been giving it away for free to those who are really serious about entering the Forex World. You can get it for free from his website. Search on Google for Luckytips and you will find his website. Just fill in your name and email address and then you will receive an email asking you to activate your account. Once you click the link to activate your account, you become an Opt-in Member. You will be sent a 147 page ebook on Forex Trading plus you will receive one part daily of the 7 part Forex Trading Course for the next 7 days.

Now lets come to the crunch. Why I say Forex Trading can Make you or Break you. You must think seriously before entering the Forex World.

Here are the Pros and Cons For and Against Forex Trading.

Why should you Trade Forex.
This is the most Attractive Home Business.
What is so attractive about Forex Trading you may ask.
You can make big money working only a few hours a day on your computer.
You can trade from anywhere. If you like to travel, this is a Dream Business. Take your laptop with you and you can trade the FOREX and make money anywhere in the world where you have an internet connection.
You can make money when the market is going up or down.
Start-up costs are low. Forex offers up to 100:1 leverage.
No need for Staff. No Inventories. No Hassle.
Forex is the world’s largest market with a trading volume of around $1.9 trillion dollars a day.
The Money is Out There. All you need to grab it is to know How To.
and the How To, you need to learn a Method and stick to it.

How can Forex Trading Break you.

This is the main purpose of writing this article to warn the Naive people who think Forex is like a Garden with trees growing Currency notes instead of leaves and all we need to do is to pick some leaves/money everyday and become Millionaires within a few months.

This is what most Forex Gurus make you believe in. But in reality its not like that at all. Although Forex Market is a very lucrative Home Based Business but we as humans have emotions and it is very difficult for us to control our emotions. Because of our Emotions we lose money. 95% of the Traders lose their money. Forex Trading is so addictive that once you are in it, it will become very difficult to get out of it.

The Emotions that come into play are FEAR and GREED.

Here are some examples of what happens when you are in a trade.

You buy a Security, the price goes up, instead of taking the profit you think the market will go up further, it does go up a little and you tell yourself you are a Genius, you forecasted right, the market will still go up and it went up.

Now instead of taking the profit now, you become more Greedy and say to yourself, the market will go further up and you will make more money but the market starts retracing and going down, you say, no problem let it go down, its taking a breather, the market is correcting itself and it will come back up.

But the market continues going down, you dont know that some adverse news came up and the Market started falling. Now you start losing as the market keeps going down. it continues down and down, you panic and get out of the Market with a loss.

This is one way one loses money by being Greedy.

The second emotions we cannot control is FEAR.

Here is a Scenario.

I buy a Security thinking it will go up and even the system that I have tells me to buy. OK I buy, the market starts going down and down, I panic and exit with a loss, fearing of further loss, only to find that the market actually started going back up and had I stayed in the Market I would have made some good money.

But because of my Fear of losing, I in reality did lose

So the Emotions play a big part in once Success.

One more reason why most people lose.

There is a vast majority of traders who do realise that Emotions are the cause of our losses and they need Robots to trade for them as Robots are computer programmed softwares that do not use emotions.

And there are thousands of Robots in the Market. Every week we see at least 2 to 3 new Robots coming out and promising of making Vast sums of money for us. All we need to do is buy it for $97.00 and make Millions..

These Robots do make money initially for a few days or weeks and then comes a time when the market never retraces once we are losing and the losses keep increasing with time.

Most of the Robots do not have a Stop Loss built in and those that do, have stops of 1000 pips. That means if the trade goes against you, your account will either get wiped out or you will lose $10,000.00 in just one day.

This happened to me personally. During my early days of trading I purchased a Robot that was making me $200.00 about 3 to 5 times a day. I started trusting that Robot and stopped monitoring the trades. I went out one day to do some shopping and when I returned I noticed that I am losing more than $8000.00

And this was my Live Account with Real Money.

Since that day I never took Automatic trading seriously.

I did purchase a few Robots and put them to Test by Demo Trading and found that eventually one day it takes off you more than what it gave you.

Sorry Robots are not for me.

These are the pros a cons and now you have to decide, would you like to become a Forex Trader?

A word of Warning:

If you do decide to become a Forex Trader, first Demo Trade for at least 2 months with fictitious money and only then open a live account with real money that you can afford to lose. Never use the money that you have saved for your retirement or for any other purpose.

Wish you best of Luck,

Maria

Chinese Coins - hei lung kiang province chinese coin

Historically , Chinese cash coins were cast in copper, brass or iron. In the mid 1800s, the coins were made from three parts copper and two parts lead. Cast silver coins were intermittently produced but are considerably rarer. Cast gold coins are also known to be but are intensely rare.

Chinese cash coins originated from the barter of farming tools and agricultural surpluses. Around 1200 BC, smaller token spades, hoes, and knives began to be used to conduct smaller exchanges with the tokens later softened down to supply real farm implements. These tokens came to be used as media of exchange themselves and were known as spade money and knife money.

The earlier coins were cast to weight standards in a direct relationship with the denominations, so if you weighted a coin at twelve grams it was almost certain a 1 Liang (or 1 Jin) denomination. During the Chin Dynasty, sometime around 250 BC, this modified and be start to see coins issued with denomination marks that bare no relationship to the weight of the coin. This is best seen on the Ban liang ( 1/2 Liang ) coins of the State of Jaw which can vary in weight considerably but the earliest massive diameter issues weigh at least 6 grams (and often significantly more), but the size and weight gradually declined and by the time they were last issued in the Han Dynasty are typically seen at three grams or even less, but still with the Ban Liang denomination on them.

The Koreans, Japanese, and Vietnamese all cast their own copper cash in the latter part of the second millennium like those used by China.

The last cash coins were struck, not cast, in the reign of the Qing Xuantong Emperor just before the decline of the Empire in 1911. The coin continued to be used unofficially in China till the mid twentieth century.

Visit our website for chinese coins

Commodity Futures Trading Account - The Sensible Approach to Opening Your Trading Account

You are considering the trading of commodities, or the options on futures as a wonderful way to supplement your income. You can even go one step further and determine that trading commodities and futures is a wonderful way to make a living. This is a great idea! The futures can only go two directions; up or down. All one needs to do is determine the commodity direction and jump on board. What could be easier?

The next logical step is to find a place to execute your trades. You begin by going to the internet to find commodity and futures brokerages. You quickly discover that there are many futures brokerages offering a number of services to the commodity trader. Through your research you discover there are three basic levels of service futures brokers provide to commodity traders, which are full-service, discount, and online futures trading. Through more intense research you find out the very cheapest means to execute your trades is through online trading. Generally speaking the majority of beginning commodity traders will opt for online futures trading because it is normally the least expensive choice. Also, there is the sense of independence when online trading because one can place their own trades, bypassing a commodity desk clerk or futures broker.

The next thing needed is to call several futures brokerages and negotiate the cheapest online commission possible. It has been my experience over the years that beginning commodity traders spend a great deal of time and effort negotiating a commission rate. I believe the primary reason new futures traders spend so much time looking for the cheapest commission rate is because it is what they understand best. By this, I mean when they were young they saw their father haggle with the car salesman to get the the very best price for the new car and mom scouring the weekly grocery ads to find the best price for needed groceries. It is what we all have been exposed to all of our life. This approach is fine for most endeavors but probably the very worst approach to take when establishing a commodity trading account. As explained earlier, pursuing a cheap commission rate is what a new futures trader understands best.

We will now explain the sensible approach to take for a commodity trader when opening a futures trading account. The very first thing one should consider once they have decided they would like to trade commodities is to find a broker that they feel comfortable working with. A commodity broker who has the years of experience, understands charting analysis for the many commodity markets, and also incorporates seasonal tendencies into their futures analysis. Many commodities such as gold and silver have strong seasonal tendencies, not just the agricultural commodities. Make sure the commodity broker you are considering will take the time to work with you, teaching you futures chart analysis, provide you seasonal information, and generally speaking, increase your overall trading knowledge, so you can become a successful commodity trader.

Please keep in mind that the leverage when trading commodities is tremendous. For example; the margin required in your trading account to hold a Corn futures contract is $2100.00. Corn futures pay $50.00 per one cent of movement. You purchase a Corn contract and it moves twenty-five cents in your favor the very next day, your profit for that one Corn futures contract would be 25 x $50.00 = $1250.00. That is almost a 60% return on your original investment, which in this case was the margin money that was required for you to hold a Corn futures in your commodity trading account. That is some significant leverage! The tremendous leverage associated with commodity contracts is the very reason why you need a well qualified, professional commodity broker to work with you, assisting you in improving your trading skills.

Finally, when deciding on a broker to work with, go to the National Futures Association website and check out the history reported by the NFA for the broker you have an interest in working with. Also, check out the Futures Commission Merchant that your commodity broker clears his trades through. This only takes a few minutes of your time and you can verify that your broker is licensed and registered with the proper authorities and does not have a history of poor trade execution.

Working with the right futures broker for you is the first and most important step in a reliable approach for trading commodity futures. Rather your trading full-service, a discount futures trader, or an online daytrader trading the Mini S&P, a qualified, professional commodity broker will significantly enhance your skills as a commodity futures trader.

A List of Factors Which Determine Currency Value

The information presented here is designed for the forex/currency trader. This information is also useful to anyone who would like to develop an understanding of factors which determine currency value. For the currency trader, this understanding is needed in order to develop a currency trend analysis for a particular country. Developing accurate currency trends is the key to successful forex trading.



What determines the value of a countries currency really comes down to supply and demand of that currency. If a particular countries currency is in high demand by purchasers such as travelers, governments, and investors, this will increase the value of the countries currency. The factors that follow may have a positive or negative affect on the demand for a particular currency. Lets take a look at these factors.



1) Printing of Currency:

If a country prints an excessive amount of currency, more then what it normally would, this can decrease the value of the currency. Any time you have more of anything, this can result in a decrease in it's value. This is true whether you are talking about currency or commodities such as iron ore, crude oil, coal, gold, silver and platinum. A large amount of currency in circulation can lower the value of a currency. A small amount of currency in circulation can result in the value of the currency increasing.



2) Current State of the Economy:

If a countries economy is not doing well, this can decrease the demand for that countries currency. Specifically, here we are talking about the degree of unemployment, degree of consumer spending, and extent of business expansion that is taking place in a country. High unemployment, decrease consumer spending, with a decrease in business expansion, means a poor economy and a decrease in currency value.



The potential for economic growth in a country should also be looked at. If the potential is strong, then it's currency value would expect to increase. Also, if a country produces products that other countries want to buy, this can increase the value of that countries currency.



3) Prices of Foreign Goods:

Related to the economy, is the prices of foreign goods. If a foreign company sells goods in a country which are cheaper then comparable products produced in that country, this can hurt the economy of that country. A poor economy results in a decrease in demand for that countries currency, which lowers it's value.



4) Political Conditions of a Country:

To what degree does political corruption exist within a country? To what degree do political affairs have on the economy of that country? A country which is known to have corrupt politicians, can result in a lowering of the value of it's currency.



5) How Secretive is a Country:

A country which operates at a high level of secrecy, at least as observed by those outside the country, can result in a lowering of the value of their currency. Another words, if not much is known about a country due to a restriction of media expression within that country, this can lower the value of it's currency.



6) National Debt of a Country:

To what degree are politicians addressing a national debt problem? Are politicians causing an increase in the national debt? In a democratic society, national debt must be paid by the taxpayer. If taxes increase, this results in a lowering of the purchasing capability of society, which results in a deleterious affect on the economy. In this case, currency value will decrease.



7) Presidents Popularity:

If a president is popular, this can increase the demand for a currency. If the presidents popularity is dropping, due to unpopular government policies, this may result in a decrease in demand for a currency and a subsequent lowering of it's value.



8) War and Terrorists Attacks:

A terrorists attack can increase the probability of a war. A war or the strong potential for a war can decrease the demand for a currency, simply because a war drains the economy. Wars are expensive and must be paid by the taxpayer. You simply can not have a growing economy during war time. So war lowers the value of a currency.



9) Government Growth:

Is government growing and expanding to much? New growth by developing departments, and creating unnecessary programs, all costs money. Again, the taxpayer will need to pay for the new growth, which for the long run has a negative affect on the economy. Excess government growth can lower the value of a countries currency.



10) Tax Cuts for the Consumer:

Tax cuts can stimulate the economy, as long as the consumer spends the extra money he or she may have. But also, tax cuts which are to large can result in high demand for products, which may raise prices, which can lead to inflation and the desire to purchase cheaper foreign products. But in general, tax cuts historically have been good for the economy, which can result in an increase demand for that countries currency.



11) Interest Rates:

A higher interest rate means a higher demand for a currency. Foreign investors in a currency prefer a higher interest. It is the same principle when you shop around for the highest interest rate when putting money into a savings account. This increase in demand for a currency results in an increase in it's value.



12) Housing Market:

If there is a slowing of a housing market, this means the sellers asking price will be less, and with the realization that a persons home is worth less, this results in less consumer spending. This has a negative affect on the economy. Again, poor economic conditions result in a lower demand for the currency, thereby lowering it's value.



13) Positive or Negative Perception:

How purchasers of a currency perceive the previous discussed parameters, can determine the degree of demand for a currency. Whether or not the perception is accurate or not is not as important as what the perception itself is. Perception is what determines if a currency purchaser decides to buy or sell a currency.



To conclude, the factors presented here are determinants of the degree of demand on a currency, and therefore it's value. There are other factors such as manufacturing growth, degree of entrepreneurship in a country, employment growth, and even the weather and it's affect on the agricultural industry, energy consumption, and local economies. These also can determine the demand for a currency. The factors listed here determine the perception that a potential buyer of currency may have. And here, perception means everything. How a potential buyer of a currency looks at a particular country using these parameters, will determine the demand on the currency, and ultimately it's value.



With this understanding, it is not difficult to see why the value of the US dollar has dropped so much lately. This is mainly due to a sky rocketing federal deficit, the lack of the current administration's desire to reduce the federal deficit, enormous government growth, the fed's high level of money printing, a slow housing market, a decrease in the President Obama's popularity, and a current poor economy which includes relatively high unemployment, all of which were previously discussed. Investors outside the United States are looking at the US dollar as to risky, which results in a decrease in demand for the US dollar, and a drop in it's value.





Author Summary:

Thomas Sullivan, the author of this article, is a web publisher and developer who lives in the Boston, MA area. He is the creator and web master for the site trading"> Forex Trading.

Daniela Zagnolli's Necklaces, Handbags and Jewelry For Women are Unique Exotic and Handmade

A necklace is the most efficient of the entire accessory as it can be worn anytime and does not need a reason to be worn for. Necklaces for women today hold a completely different style and fashion because of its unique design. Necklaces come in various forms i.e. short , heavy, light, long etc. among the kinds of necklaces we have diamond studded necklaces, gold, silver, fashion jewelry necklaces etc. These kinds of necklaces are something which we cannot miss out especially during occasions, parties and gifting purposes. Necklaces for women can prove to be the best gift, when it comes to gifting accessories as there is no other accessory which has so many variations and designs. A few necklaces can be used by two methods you could use them as a choker as well as long necklace.

This is because they have a length adjustment provision. Necklaces for women from Daniela Zagnolli are unique exotic and handmade out of genuine leather with beautiful color designs. These necklaces for women are original in design and it's hard to find two pieces exactly the same. To make women happy the best thing you can do for is, present her a gorgeous Daniela Zagnolli neck piece as nothing is more precious to her in this world than a luring necklace.

Talking about handbags for women we see that women love carrying fancy handbags for different occasions. Earlier the term handbag was restricted to working women as they were the ones who sued to sue handbags on a regular basis. But, today we see every other woman hanging a unique handbag. Women today take handbags along with them almost every time. If not a handbag they at least manage to carry a small clutch with them which suits their costume very well. Women handbags today can be found having a good variety in the market and each handbag comes out with its own design and colour.

Necklace and handbags for women completes a women's wardrobe and hence are the most classy and elegant accessory found in a ladies wardrobe. Daniela Zagnolli brings a huge range of exceptional and exclusive collection of clutches and handbags for women. These clutches are a modern accessory with detachable chain strap. Apart from necklaces and handbags for women, women's fashion jewelry are also very appealing. Women jewelry does not have any limitation as there are necklaces, rings, bracelets, ear rings, , hair accessory or pieces etc. with so many varieties in artificial and fashion women jewelry, women of all ages get easily attracted to the latest available trend. Daniela Zagnolli, bracelets are unique and exotic handmade leather bangles, with a genuine leather and gold plated studs. This is an original design and is handmade. These bracelets are designer pieces, so no two pieces are exactly the same. Funky looking necklaces, rings, bracelets and other accessories are very popular among the young women as they wear matching necklaces which goes well on their costume. Thus we see a different variety in women jewelry which has undergone a good makeover in these years. In the coming years we will see more change and variety in the fashion of women's jewelry as it's something which is never going to be permanent and will be changing from time to time. Daniela Zagnolli, helps a girl to feel more feminine with its unique designer clothing's and accessories.

Gold Mine in Part-Time: Work From Home

Not getting enough for all your troubles? Or are you sad of being stifled by your full- time job?

The answer may not be the easiest road for profit but it's a start. Working part- time from your home is still work but you have more power to choose when and what you want to do. First of all, aside from the salary you receive from your other job, the extra income might just grant you an extra nice gift for your own birthday.

Advantages

Most part- time jobs are flexible. You choose your own time and do your own thing. Of course, the policy of doing work only when you feel like it will not pave your way to riches. Come on, it's still a job. It requires determination. Part- time doesn't mean not giving your fullest potential, after all.

It can also fight boredom, stupor and stress from the daily hustle and bustle of your workplace. Most of us don't get the job of our dreams and our hobbies are put aside because we need to bring home bacon. Having a part- time job doesn't necessarily mean being employed by another company or group. For starters, you can develop your own business and make it big with your talents; all you need is determination and some investment. Instead of doing nothing productive after work, part- time jobs can give you lots of avenues to even better yourself.

Starting your own business or gig as part-time work will require investment from your own pocket. If you're lucky, you can get grants for this. There are a lot of opportunities if you tap into your talents. There are some suggestions later on in the article.

Working from home includes having the time to bond with your family, better yet, involve them in your endeavor. Who knows what abilities lie in your family members. The comfort of your home may even help you realize that working is fun!

Disadvantages

There are reasons why most jobs are placed outside of the home. First of all, the goings on in the household can be distracting. Just imagine having to contend with your daughter for the phone or hearing noises from the kitchen during the course of your work. Sometimes, you'll be distracting yourself with excuses ranging from hunger to television.

Ask yourself: will you have enough energy after a long day of work? Are you willing to sacrifice weekends to be able to commit to your part- time job? If you answered yes to both, you're all set and ready to go. But if not, you have to find ways to compromise.

The investments will not only be monetary or material in kind. Researching or reviewing should be on your list of things to do before launching another career. Part-time work from home may also require you to go to other places and meet people.

Suggestions

Prepare yourself and your home for your chosen career. Advertise yourself and be familiar with the latest way of doing so: online. Most part-time jobs nowadays involve logging on to the Internet so it pays to be computer savvy. Creativity isn't lost in this arena, you can do web design, web content writing, multimedia development, freelance writing, etc. Baking and cake decorating have been found to be lucrative sources of income. Entertainment also has a following, who knew that your clowning skills in high school would make you earn? Self-help books are popular, so becoming an instructor or tutor is another part-time option. You can teach aerobics, math, grammar, cooking it depends on your specialization and knowledge at hand.

Life can be good if you know your strengths.

For more information about Part Time Work From Home be sure to follow the link in the resource box below.

You can find additional info at the following links:

Click Here for more information
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The Holy Grail of Day Trading

New traders search for their Holy Grail because they get a sense of control when they use entry signals to open their positions. They want the point they choose to enter the market to be the point at which the market is doing exactly what they want it to do. If they can find this point, a novice trader will often feel like they have some sort of control, not just over the entry, but also over the market. Unfortunately, there is never a time when a trader has control of the market.

Once you are in a position in the market, the market is going to do whatever it wants to do. No one can control the direction of the market, or the extent of its movements. There is only one component of your trading system that you do have control over, your money management. Here is the true Holy Grail of trading.

Money Management:

Van K. Tharp, PhD, a world renowned leader in the unique area of professional trading says that 'Perhaps the greatest secret to top trading and investing success is appropriate money management'.

The most important factor in successful futures trading is money management.

The ability to take a loss and trade another day is the key to survival--and ultimate success-- in the futures trading arena.

A successful futures trader should be more an act of survival in the early going than scoring winning trades.

Successful traders set tight stops to get out of losing positions quickly; and they let the winners ride out the trend. On the balance sheet, a few big winning trades will more than offset the more numerous small losers. Good money management allows for that to happen.

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, you do not just need luck. Knowledge and experience counts.

Pick a few classical chart patterns and specialize in trading with them. You must have discipline and patience to wait for the patterns to develop correctly using only markets suitable for you size account. Additionally, you must apply strict risk management and have great tenacity to let your profits run on the good trades.

Since strings of losses are inevitable regardless of your approach, you must control risk so you are not wiped out by consecutive losers. Experts agree that for proper risk management, you should limit risk to no more than about 1-2% maximum of your account equity. Make sure that no one trade is really going to affect your day trading float, positively or negatively.

While novice traders spend all their time working on entries, seasoned traders know that the really difficult decisions in trading involve exiting profitable positions. Letting profits run on good trades is absolutely essential to long-term success.

Winning traders understand that winning in the markets means "cash flow". More cash must come in than goes out, and anything that affects this should be considered.

ANYTHING that affects bottom line profitability should be considered as a viable area of study to improve performance.

The single best way to protect your profits is to lock them in. Really, you can either lock them in, or you can lose them.

Sometimes, if you think the market could travel a long way, some good money management advice you might want to follow is to plan several levels where you'll take profits. Firstly, take off half at a given target, and move your stop to entry. Alternatively, take off half your position and hold your stop at break even point, so nothing is lost and you also may not be taken out of the trade too early.

Always have your exit strategy in place before you make a trade.

Never, never, never add to a losing position, and every trade should be taken with professional care and planning.

Losing traders focus on winning trades and high percentages of winners. Winning traders focus on losing trades, solid returns and good risk to reward ratios.

When winning traders have a bad trade they spend time figuring out what happened and then they adjust their current methodology to account for this possibility next time.

Keeping losses small keeps your capital intact so that when a trade does become profitable, you can make big gains.

A winner runs his trading business wisely-carefully managing his fixed and variable costs of doing business and making capital investments which provide a worthwhile return to his business.

A loser is sure he's almost worthless as a person after 5 losses in a row.

The most successful traders have a methodology or system that they use in a very consistent manner. Often, this revolves around one or two techniques and market approaches that have proven profitable for them in the past.

You need to make protecting your capital and developing money management strategies your priorities if you want to be successful.

While successfully trading commodities with limited capital presents the highest challenge in trading, you can do it if you recognize the problems and construct a trading plan to accommodate the realities.

You need to position yourself so that you can endure long strings of losses, and maintain your day trading system.

If you can survive some losses in your day trading, the profits will come.

CONSISTENCY is a key factor to profitability.

Money management rules include defining your trading float, setting your maximum loss, calculating your stop loss, and most importantly learning how to choose your position size. Once these rules are in place in your system it's important to follow them. They are a critical part of any effective trading system. Money Management rules are the Holy Grail, the magical object that will bring you success in the market.

How to Care for Your Gold Jewelry

gold is a very versatile metal and in most cases can be worn on a daily basis. However, there are some "do's" and "don'ts" when it comes to gold.

"Do" take your gold jewelry off when you take a bath or clean your house. Even though soap will not hurt your gold jewelry it will leave a fine scum on it which will make it appear dull. This film can be cleaned off, but removing your gold jewelry will be a lot easier!

"Don't" wear your gold jewelry, especially white gold, if you plan to go swimming or get into that hot tub that contains chlorine. Chlorine can permanently change the color of your gold. It can turn white gold yellow. Remember to also be careful when using those household products containing chlorine bleach.

"Do" keep your gold jewelry clean. You can purchase a commercial cleaner or you can clean your gold by soaking in a solutions of one part ammonia and six parts water. Soak for about 1 minute then use a small soft brush, like a toothbrush to scrub lightly. Rinse in warm water and dry with a soft cloth or chamois. (Soaking in a glass of water with a denture tablet works well also.)

"Don't" use harsh or abrasive cleaning solutions on your gold jewelry. Gold can be fairly soft and may get scratched.

"Do" take your gold jewelry off when taking antibiotics. Strange as it seems some prescription drugs can alter the chemical properties of your sweat and cause tarnishing.

Got a knot in your gold necklace, gold chain, or gold bracelet?

Here's a trick - lay your gold necklace, gold chain, gold bracelet on a plate or piece of wax paper. Apply a drop of household or salad oil on the knot and use two straight pins to pull the knot out. Need to get the oil off? Dip your gold jewelry in some rubbing alcohol, rinse with warm water, and dry with a soft cloth or tissue.

Forex Trading: Trading: Using the RSI and Stochastics

The Relative Strength Index (RSI) and the Stochastics oscillator are two of the most commonly used indicators on most trading charts. These two popular indicators can be used with a pair of Moving Averages to offer a straightforward, yet effective system for finding beneficial trades.

In this article we'll explore a forex trading Strategy taking advantage of the RSI and the Stochastic oscillator taken together with two Exponential Moving Averages (EMA). While not extremely intricate these indicators, when combined, put the odds of a rewarding forex trade solidly in favor of the trader.

We know the RSI is a momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to establish overbought and oversold conditions of a security. The RSI crosses over a 50% line showing a positive or negative bias. A reading greater than 70 is approaching overbought; while a reading beneath 30 is reaching oversold. Customary setting for the RSI is 14.

The Stochastic oscillator is a time-honored old acquaintance to all technical traders. It is a technical momentum indicator that compares a security's closing price to its price range over a given time frame. The oscillator's sensitivity to market movements can be reduced by adjusting the time period or by taking a moving average of the result. It has a range of 0 to 100. A reading beneath 20 is regarded as oversold; while a reading over 80 is regarded as overbought. Typical setting for the Stochastics oscillator is 14,3,3.

Now, let's combine these two indicators with two Exponential Moving Averages (EMAs). An EMA differs from a Simple Moving Average in that higher weight is given to the more recent data when figuring the average and therefore is considered a more correct, more timely indicator. When all these are pointing in the same direction, we come up with a set-up for a trade where the odds are heavily in the trader's favor.

This is a bit tough to make clear without the assistance of graphics. If you're familiar with how these indicators perform, it should be manageable. You can always visit our site for a complete discussion with charts.

The rules for getting into a trade are: 1) the 5 EMA has to cross over the 10 EMA; 2) the RSI has to cross above or below the 50% line; 3) the Stochastics need to cross up or down as well, but not exceed the 20 or 80 levels. All three have to take place, all at the same time and all pointing in the same direction. It's also a good idea to check the higher timeframes, H4 and D1, to see that you are trading in the direction of the general trend.

When all the indicators line up like this...it's a reasonable indication that you're safe getting into the trade. You could stagger your take profit targets as some signal providers I've seen recommend. Take one-third at 10 pips, another third at 20 or 25 pips and let the final third continue with a trailing stop loss.

Trying Forex Trading with the Best Strategy and Approach

With the day things are today, more people are getting interested in investing their money to make them grow faster. The problem is, not too many people are willing to take the risk of investing it because of the risks, so some of them just let their money rut in banks. Not that there’s anything wrong with banks, it’s just that they have low rates and the money takes a long time to grow. If you want real money, you have to have the guts to risk it. Making money needs money; risks are always involved if you want to have money fast and big.

One of the largest arenas wherein you can invest your savings is the forex. forex trading has been around for decades already and is regarded as the largest financial forum in the whole world with an estimated 3.1 trillion dollars of volume everyday. The Forex (Foreign Exchange) trading is open 24 hours and never sleeps. Transactions are done all over the world via telephones and computers, money exchanges hand in the number of millions in just mere seconds. The Forex Trading is composed of thousands of banks and individual Forex trading companies that monitors development all over the world, developments that may influence the value of their currency. Forex trading deals with the exchange of currencies from different countries. The idea is to determine the rise and fall of the value of a certain currency and trade when it is deemed advisable.

For small Forex trading transactions, managed accounts are the ideal, they are for the cautious because they have the least risky participation. Here you entrust your investments along with others to a reliable, honest and ethical seasoned Forex brokers. These Forex brokers use their extensive knowledge and lengthy experience and use their strategy to make your money grow, for a fee of course.

With the rise of the internet, Forex trading can be done in a click of the mouse. Money travels through space and wires all the time. The computers have done a big help in the growth of Forex trading, transactions can now be done anytime anywhere. Since somebody is up at a given time everyday anywhere in the world, you will never lose someone to trade with.

There are two basic and fundamental ways to analyze and evaluate foreign exchange trading. There is the technical analysis and the fundamental analysis. There is a huge difference between the two. In Fundamental analysis, Forex analyzers and brokers watch out for causes to market fluctuation. These causes may include the political condition of the country, their laws and legislations, financial policies, their growth rate and other factors as well. Technical analysis of Forex trading includes graphs, charts and other method of measuring past data to see the indication of the rise and fall of currencies. They get all the information they need and use them to calculate and forecast the possible direction of a certain currency.

There are lots to learn about Forex trading; even the seasoned broker learns something new everyday. Forex trading has huge returns in an instant if you catch the right moment and transaction. But always remember there is till the risk, Forex trading can be quite a gamble, especially if your forecast is wrong. Before investing your money in any firm, try to investigate about its record and history in Forex trading.

The Dangers Of Highly Leveraged Trading In Forex

If you are a forex trader considering one of these '400-1 leverage' offers, you should first know:

1. The rules of the game you are about to play.

2. About leverage in forex and how it works, not for you, but for the broker.

Here is how it works:

Leverage can be beneficial but it can be your worst enemy. 400-1 means that US$1000 can control a $400,000 position say against the Yen. This is great but it also means that even a small move against your position can wipe your account clean. This is obviously very bad news for you but great news for the broker!

Why Is It Great News For Them?

Well, the first thing that traders must realise is that Forex firms make their own markets - they make the bid-offer price to clients. They use the assumption that as most highly leveraged speculators lose then it's good business to take the opposite position to them.

This is done automatically, so when a client buys Dollars against the Yen, the broker sells short the Dollar. When the client covers the position (either for a profit or loss) the broker is taken out also. If the client wins the broker loses and vice-versa. This is how the leverage game is played.

So, who do you think usually wins in this game? No, not you. It’s the broker. It’s a statistics game and the statistics say highly leveraged speculators lose.

Ok then. If the brokers stand to gain when a client loses, what is the best way to make sure that the clients lose Bigtime?

Easy, let them trade huge positions on a limited amount of capital so that the odds even for the best and most talented traders are pretty much - ZERO.

Why do you think that the ads of '400-1 leverage' are splashed all over the brokers websites? They are selling you the supposed ‘benefit’ when in turn, the reality is that the only ‘benefit’ is to them.

Conclusion:

If you want to play the leverage game in forex, understand how the game works. The game basically works this way: The broker is the shark. The retail trader is shark food. If you are serious in your quest to make money currency trading – educate yourself on the risks involved.

The Best Places To Pan For Gold

Often times when one speaks of vacation time, it is always associated with the Caribbean Cruise, long sandy beaches, and Disneyland, and not with places to pan for gold. There is no doubt that the aforementioned places are really great for having family fun and relaxation. But don't you know that one of the most interesting hobbies here on earth is looking out for these tiny pieces of gold?

The country is so blessed with abundant mineral resources and gold is an example of them. Panning for gold can be a good recreation for the whole family. If the story of the story of the great California Gold Rush of 1849, it may not be a bad concept also have this kind rush.

During the year 1849, the rivers and streams of California were exploited by the early Americans in the hope of finding pure gold. Successive history may have a nasty face, but who knows? To this date, there might be some loose gold just waiting to be found among the sands.

Just ensure that these places to pan for gold are environmentally safe and free from human risks. The dirt will be nothing when one of your family members is ready to extract gold from the dirt.

Best places for gold panning are:

California being the third in gold production
Alaska, particularly in Chitna and Slana River
In the Ouachita Mountains in Arkansas
Blairsville Town of Georgia
Colorado Mountains
Benton to Yakama in Washington
In the glaciers of Wisconsin
Turquoise District in Arizona
The counties from Beaverhead to Toole in Montana
Counties in New Mexico

And before packing up to these places to pan for gold, make sure you've got enough supply of food, water, prerequisites, as well as maps to make this gold rush journey a memorable one. You will also need the right gold panning tools.

FOREX Trading Philosophy

Keen on starting forex trading? Why would you not be… Many beginning forex traders are captivated by the allure of easy money. FOREX websites offer 'risk-free' trading, 'high returns' and 'low investment' – these claims have a grain of truth in them, but the reality of FOREX is a bit more complex. As with anything in life, what you put in will determine what you get out.

There are two common mistakes that many beginner traders make – trading without a strategy and letting emotions rule their decisions. After opening a FOREX account it may be tempting to dive right in and start trading. Watching the movements of EUR/USD for example, you may feel that you are letting an opportunity pass you by if you don't enter the market immediately. You buy and watch the market move against you. You panic and sell, only to see the market recover.

This kind of undisciplined approach to FOREX is guaranteed to lose you money, and have you waste your time. FOREX traders need to have a rational trading strategy and not allow emotions to rule their trading decisions.

The two emotions prevalent in the above example is greed (entering the market immediately) and fear (selling when the market temporarily moves against you). Investing and these two emotions do not gel at all. Keep them out of your trading and you will see results.

To make rational trading decisions the FOREX trader must be well-educated in market movements. He must be able to apply technical studies to charts and plot out entry and exit points. He must take advantage of the various types of orders to minimize his risk and maximize his profit.

The first step in becoming a successful FOREX trader is to understand the market and the forces behind it. Who trades FOREX and why? Who is successful and why are they successful? This knowledge will allow you to identify successful trading strategies and use them as models for your own.

There are 5 major groups of investors who participate in FOREX – Governments, Banks, Corporations, Investment Funds, and traders. Each group has varying objectives, but the one thing that all the groups (except traders) have in common is external control. Every organization has rules and guidelines for trading currencies and can be held accountable for their trading decisions. Individual traders, on the other hand, are accountable only to themselves.

If you do not keep yourself in check, nobody else will. Why should they worry if you aimlessly waste your money?

This means that the trader who lacks rules and guidelines is playing a losing game. Large organizations and educated traders approach the FOREX with strategies, and if you hope to succeed as a FOREX trader you must play by the same rules. That is studying these strategies and rules before starting to trade is so important.

FOREX Trading Philosophy - Money Management

Money management is part and parcel of any trading strategy. Besides knowing which currencies to trade and recognizing entry and exit signals, the successful trader has to manage his resources and integrate money management into his trading plan. Position size, margin, recent profits and losses, and contingency plans all need to be considered before entering the market.

This may sound like Greek now! If it does, you have more reason to get to know these terms. Knowledge will empower you on any investment market, including FOREX.

There are various strategies for approaching money management. Many of them rely on the calculation of core equity. Core equity is your starting balance minus the money used in open positions. If the starting balance is $10,000 and you have $1000 in open positions your core equity is $9000.

When entering a position try to limit risk to 1% to 3% of each trade. This means that if you are trading a standard FOREX lot of $100,000 you should limit your risk to $1000 to $3000 – preferably $1000. You do this by placing a stop loss order 100 pips (when 1 pip = $10) above or below your entry position.

As your core equity rises or falls you can adjust the dollar amount of your risk. With a starting balance of $10,000 and one open position your core equity is $9000. If you wish to add a second open position, your core equity would fall to $8000 and you should limit your risk to $900. Risk in a third position should be limited to $800.

By the same principal you can also raise your risk level as your core equity rises. If you have been trading successfully and made a $5000 profit, your core equity is now $15,000. You could raise your risk to $1500 per transaction. Alternatively, you could risk more from the profit than from the original starting balance. Some traders may risk up to 5% against their realized profits ($5,000 on a $100,000 lot) for greater profit potential.

As you can see, the novice needs to get through quite a bit of education, understanding and planning before those 'risk-free' trading, 'high returns' and 'low investment' promises will come into play. What are you waiting for? Get yourself a decent FOREX Trading Education. If you need more information, feel free to visit http://www.investing-smarter.com.

Importance of Big Figures in Forex Trading

Those who have followed me over the years know the importance I place on “big figures” (otherwise referred to as “round numbers”) in forex trading. There is a technical, fundamental and psychological component to big figures that make them significant. While this isn’t always quantifiable, pivotal big figures are often the ones that drive expectations and currency forecasts.

What is a big figure in forex trading? A big figure (or “round number”) is a forex rate that ends in 00, such as x.xx00 or xx.00. Examples are EUR/USD 1.3400, 1.3500, 1.3600, etc and USD/JPY 89.00, 90.00, 91.00, etc. Market convention is to drop the 00 and refer to big figures without them, such as EUR/USD 1.34, 1.35, 1.36 or USD/JPY 89, 90, 91.

Not all big figures should be treated the same. Some big figures have more significance than others in forex trading. I refer to these as pivotal big figures, which are ones that end in 2, 5, 8 and 0. For example, EUR/USD 1.32, 1.35, 1.38 and 1.40 are more significant than EUR/USD 1.31, 1.33, 1.34, 1.36, 1.37 and 1.39. The pivotal big figures ending in 0 and 5 are most significant. The way I look at it, if a pivotal big figure is broken, the risk is for the next round number as long as it trades below it. For example, if EUR/USD 1.40 is broken, next target would be 1.38. If that level is broken, I then divide the 1.35-1.38 range in half and use 1.3650 as the next target with the broader risk for 1.35. Note these are not support or resistance levels so I give leeway around pivotal big figures and look for whether they are established as support or resistance.

There are several reasons why pivotal big figures are important:

1) Psychological – There is a strong psychological component to pivotal big figures. This is hard to quantify but there is clearly an emotional impact. Think about your trading and how your sentiment changes when a big figure ending in 2, 5, 8 or 0 is firmly broken or holds. As an example in the current market, the EUR/USD failure at 1.38 (correction high was 1.3790) was followed by 1.35 coming under attack. This pivotal big figure was briefly broken (low of 1.3444) but so far not conclusively as EUR/USD has been unable to stay below it. A firm 1.35 break would raise a risk for 1.32 and 1.30 while a move back above 1.38 would put 1.40 in play again. In another example, a recent failure above USD/JPY 92 has seen the upside stall and 90 subsequently tested. Note, the use of pivotal big figures is just one tool and should be used in conjunction with other tools and indicators that make up your analysis.

2) Options Barriers – Options barriers are often placed at big figures and this often leads to talk of a defense of these levels. When a barrier is at a pivotal big figure it often has a bigger attraction as stops are also often placed at those levels. I am not sure why anyone would use a big figure as an options strike but this is often the case. A discussion of options and the impact on spot forex trading will be left to a future article. The point here is that options strikes are often set at big figures.

3) 10 Big Figure Ranges – Central bank and finance officials often talk in terms of 10 big figure ranges. This is especially true in USD/JPY and in the EUR/USD as well. These ranges usually start and end with a 0 or 5, such as USD/JPY 85-95, 90-100, 95-105. This may be a reason why pivotal big figures ending in 0 and 5 have taken on more significance over the years. In the years when central banks were more openly interventionist, the market assumed a defense of these ranges and often put this to a test. In the current market, the Swiss National Bank (SNB) openly defended EUR/CHF 1.50 (pivotal big figure) as the bottom of the range for many months. The SNB then abandoned a defense of this level and this saw EUR/CHF drop below it. The market is now focused on 1.45 (another pivotal big figure) as the next line of defense and the SNB appears to be currently defending 1.46 to prevent a run at 1.45.

4) Stops – Despite big figures being obvious targets for the market, there are still traders who place stops at or just above/below these levels. This is an invitation to getting stopped out of a position as these round numbers can be like waving a red flag at a charging bull. We refer to stops as JUBBS, which are stops at obvious levels. For a description of a JUBBS stop, visit the Global-View.com website and search under JUBBS. Sometimes the market feels compelled to test big figures, especially pivotal ones, to see if there are stops or bid/offers at these levels.

5) Congestion Around Pivotal Big Figures – Sometimes congestion around a pivotal big figure will take place as the market battles in a tug-of-war to establish on one side or the other. This often sees a narrowing range as the market trades on both sides of a pivotal big figure each day. Those on GVI Forex have seen me point out these patterns when a big figure, especially a pivotal one, prints each day. This offers a chance to trade on both sides as long as this pattern persists. However, the longer this pattern goes on, the more momentum is drained from the market and the greater the risk of a directional move once this pattern is broken.

To sum up, pivotal big figures can be a useful tool for forex trading. Pivotal big figures can be a good guide to the market bias and to potential targets. Central banks and financial officials often think in terms of round number ranges and this helps guide market expectations as well. The use of pivotal big figures can offer trading opportunities during periods of congestion and then signal directional moves when the pattern is broken. Whatever the case, it pays to be aware of pivotal big figures and the ways it can impact trading.