People go to there place of work everyday in other to get paid and at the end of the month or day there get paid and the money is not even enough to take care of their family, talkless of doing shopping or paying dept. but I tell you are looking for to end all this worry in you.

Global forex market is quiet different from other market like stick markets, global forex market runs for 24/7 a day and forex trading is globally that means its being traded throughout the world but depend on the time zone of your country but I tell you forex never stop it runs 24 hours a day as a result of this many investors trade 24 hours a day forex investments continue to profit due to the fact that there is always an open market.

Expert or gurus in forex are able to play upon the opening market or tips of global markets, by leveraging their money for or against a certain Exchange rate.

Since is not a market that stop you better position yourself for maximum profit from the market today. I will tell you that investors break to over $65 trillion dollars last year. That means investors have advantage of profit from $65 trillion dollars due to the exchange rates between one countries currency and another. You can make money from these exchanges rates as the market move in your favour. Global forex is a good home business, what you trade is the movement of the currencies. You’re to choose the amount you want to invest. The market is not responsible for the action you take but you are responsible for your actions, so think well before trading.

And let it be at the back of your mind that you’re trading with the people all over the world. You are not alone trading it and everyone wants profit. The good thing is that you trade it through the internet at the comfort of your home.

The Basics Of Forex Trading For Beginners

by

DivisaFX

If you\’re just getting started in the currency markets, you should make sure that you know the basics of Forex trading before you consider risking your hard earned money. Otherwise, you can be sure that you will blow out your account very, very quickly. Many of the so called Forex \”Gurus\” out there will cover one or two off these basics adequately, but you need to have all three in place to truly be prepared for the challenges of trading Forex for a profit.

The basics of Forex

trading I\’m talking about are Method, Mindset and Money Management. These 3 Ms form the foundation of every successful trading operation, ignore one or more and you are guaranteed to lose money. The first of these, your Method, covers how you analyze the market, make your trading decisions, and manage your trades. The second of these, your Mindset, has to do with whether you are disciplined and consistent in your trading, and if you are in control of your trading or if it is control of you. Finally, your Money Management strategy is a crucial and often overlooked component of successful trading. Without the proper money management strategy, you are always at risk of blowing out your account, and you will find it very hard to hold on to your profits.

Here\’s how to master these 3 essential basics of Forex trading:The Basics Of Forex Trading #1: Method Without a proven Method for consistently extracting profits from the market, you are essentially gambling every time you enter a trade. A successful method covers not just your trade entry, but the entire process from analyzing the markets, identifying trade opportunities, entering and exiting your trades, and setting your stop loss and target profit zones. You should also have a solid underlying concept, be it trend following, range trading, breakout trading or targeting the overbought/oversold areas. So how do you put a successful Method together? First and foremost, you begin by studying the historical prices of the currency pair that you want to trade. If you\’re just starting out, you\’re better of focusing on just one pair and getting really familiar with the market behavior of that particular pair, instead of spreading yourself too thin over multiple currency pairs. As you observe how the prices fluctuate over time, take note of the opportunities that exist within the market. You can then begin to quantify your potential entries, exits, stop and profit points and test them to find the optimal combination. Alternatively, you can invest in someone else\’s strategy or system, and adjust it to suit your own observations and research.The Basics Of Forex Trading #2: Mindset One of the basics of Forex

trading that is often overlooked by beginners especially is the importance of the right Mindset. It may surprise you to discover that most people don\’t lose money in Forex because they don\’t have a profitable method. They lose money because of trading mistakes that stem from a lack of emotional control and poor application of discipline. Even if you have the best method in the world, but your poor Mindset prevents you from applying it correctly, you are going to lose money.

When you first start trading your system, you should do it on a mini or micro lot account on the lowest possible size. That way, you eliminate the emotional part of trading that is related to winning and losing money, and instead allow yourself to concentrate on applying your Method correctly. After 2-3 months of consistent performance and strict adherence to the rules of your system, you can progress to trading a full account. Don\’t get complacent when you increase your account size though, continue to be cautious and focus on trading well, not the monetary results of your trading.The Basics Of Forex Trading #3: Money Management Last but not least of the basics of Forex

trading is Money Management. Good Money Management will allow you to grow your capital optimally, while minimizing your risk of drawdown due to a bad streak of losing trades. You may have heard of the 2% rule of money management in Forex, which means that you can only risk 2% of your capital on any given trade. For example, if you have $10,000 in your trading account as risk capital, you can risk up to $200 on one trade. Let\’s say that you have a trade with a stop loss of 20 pips away from your entry, meaning that your worst case loss is 20 pips. Therefore, your maximum position size is 1 full lot, which puts your risk on the trade at $200.

Whenever you\’re not doing well in your trading, it\’s probably down to the failure to adhere to one or more of these basics of Forex trading. To improve your performance, you should work on these fundamentals, and you\’ll have a firm foundation to build on in your pursuit of Forex trading profits. Divisa Capital

LP (\”DCFX\”) is an investment house incorporated in New Zealand under the Companies Act 1993 and registered with both the Financial Services Providers Register(FSPR) and Financial Services Complaints LTD (FSCL).

Article Source:

ArticleRich.com

Submitted by: Neil T Thompson

There was a time and it wasn t all that long ago when a Middle Class lifestyle wasn t just obtainable; it was downright easy to be a member. Really, all you needed was an average job, and you were in a home, a nice car, occasional dinner out, color TV, an annual vacation, and a pension for when you got older.

Obviously, those days are gone, so I don t want to wax poetically about nostalgia and why can t we bring them back, etc. But I do want to point out the two reasons those days have left us, and I d like to expand on one of those reasons:

The most obvious reason for the end of the one average job s paycheck can raise a family is that the economy changed. Expenses outpaced wages, and many of those jobs (manufacturing, etc) are gone. And they won t come back. Forget relying on the government and waiting for good times to come back they aren t.

The second reason, however, is one that doesn t get as much play, because it s personal, and it hurts a little. And that reason is simply this: WE VE changed, and we want more, because there is more. Many families cannot make it on their salary not because food and shelter cost too much it s because of all the other stuff.

I d like to expand on this last point somewhat, and discuss how a return to frugality can help.

To start, what really changed in terms of what we buy and what s available? Well, the answer is, everything changed. There s so much more available to us now, and more importantly, many more things that are an almost expected part of everyday life (cellphones for the entire family, anyone? There s something a 1970 s era family never had to pay for.)

We want the food and shelter and automobiles that people used to have, but we also want a flatscreen TV in every room, cellphones for all, birthday parties for kids that run into the hundreds and even thousands, satellite radio, DVD s (every child I know has a personal DVD collection of Disney and Pixar films), and more. Plus, we want more space the average house is far bigger than one just thirty years ago. The great room is now part of our vocabulary.

We ve added and added to our lives, at a pace that far exceeds salaries. This is why the credit card bill is a monthly staple. We want more life than we can afford. And it s why many people find themselves in trouble.

I mentioned earlier that this hurts , and it s why this reason doesn t get much press. Nobody wants their kid to be the only one without a cellphone. Or without Toy Story 1, 2, and soon even 3 on DVD. Or without cable TV (on a flatscreen). I ve personally known parents who stressed about paying the heating bill turn around and buy their son a new Xbox that same week! This sort of thing happens more than you think. And it s insane.

Here are a few stats:

One in nine families can’t make the minimum payment on their credit cards.

One in eight mortgages is in default or foreclosure.

One in eight Americans is on food stamps.

More than 120,000 families are filing for bankruptcy every month.

*(source: Elizabeth Warren’s, “America Without a Middle Class.”)

Ok, how do we fix this?

I co-founded and run a website called The Daily Middle (www.thedailymiddle.com), where we explore the global economy and how it specifically relates to the middle class (typically individuals or couples making between $40,000 and $120,000 per year) here in the U.S.

The Daily Middle relies on those experts who saw this Greater Depression scenario starting to play itself out years ago experts like Peter Schiff, Jim Rogers, Dr. Marc Faber, Gerald Celente, Ron Paul, David Walker and Nouriel Roubini.

In my research, I run across articles, videos, stats and quotes all day long. And my advice in this case can be summed up with following two quotes I find particularly meaningful:

“One does not accumulate, but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs towards simplicity.” – Bruce Lee

“It was hardly an exaggeration to say that the American standard of living was bought on the installment plan.” – Historian Daniel Boorstin

You see where I am going here, right? For many families, fixing their economic situation can be as simple as saying no . Right now, the average American family s net worth (adjusted for real inflation) is at 1970 levels. Take a look at a family in 1970 and see what their expenses were it may sound drastic, but that s kind of where you need to be if you want the same economic lifestyle. Ok, pay the internet bill, but does everyone in the family really need a cellphone? Or cable TV? Do gifts have to be charged? These are all places to start and yes, living frugally means sacrifice and a change of mindset.

Now, for those of you who are waiting for some Government magic, let me dispel that right now:

The official National Debt has just surpassed $13 Trillion (not including the massive debts of Freddie Mac and Fannie Mae which are backed up by the Federal Government, estimated at $6.3 Trillion.)

Our Unfunded Liabilities (Social Security/Medicaid/Medicare) are approximately $60 Trillion

Our National Debt is now growing 3 times faster than decades ago

We are the world’s largest debtor nation with a National Debt that is 14 times larger and 89% of GDP (not including Fannie/Freddie debts and unfunded liabilities.)

We are in deep, deep trouble, and if you think things are going to turn around, you are mistaken.

To me, there s really only one solution, and that s to live below your means and return to frugality. If it requires giving up a few things that others are paying on credit for, so be it. If it requires cutting coupons, buying off-brand merchandise, well, that s what it takes. If it requires a combination of both, fine. But being frugal and living below your means does not just help you today it will allow you to weather almost any economic storm.

But being frugal isn t always easy. It takes a good, objective look at everything you are spending money on, and it requires hard choices to be made. It s not just cutting out a latte every day. It might mean your child doesn t text his or her friends, because the

pay as you go cell phone is for emergencies only. And that s ok.

We hope you will join us at The Daily Middle for our daily dose of reality to keep your feet firmly planted on the road back to frugality.

Are you living a frugal life? Do you have any tips for your fellow readers? If so, we would love to hear them. And if you re not living the frugal life, are you ready to start?

About the Author: Mr. Neil Thompson is a professor of economics in one of the famous US Universities. He has interest and a vast knowledge in US economy. He has attended many seminars and conferences on US and World Economy. Daily Middle (

thedailymiddle.com

) is a site where one can get information on US economy

Source:

isnare.com

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