The maximum rates provided to money market accounts are included in advertisements as well as in account paper work as Yearly Percentage Yield (APY). To get the APY, the account holder should leave the principal deposit and all the interests earned by the account. This permits the eye to earn interest as well. This is called the compounded interest.
Frequently, any bank requires the lowest amount of stability in opening a money market account. This stability should be maintained to produce interest. The owner of the account should verify for any requirement of minimum balance set by the bank or the bank to make sure that the financial institution account continues to produce the highest market rates.
Furthermore, the account holder must follow all regulations as well as federal policies. These laws and regulations and policies will help guarantee that no costs tend to be charged into the account. Any charges may affect the capability of the owner to get the greatest rates for the money market advertised in favor of the account. Such costs may comprise monthly service fees, transaction charges and Regulation D costs.
If a bare minimum balance is compulsory for the account and it falls lower than the required stability, some credit unions and banking institutions might charge some costs in addition to not giving any kind of interest to the remaining stability. The account holder can normally utilize the resources with a check or even debit card. Credit unions as well as banks can charge costs whenever these checks and cards are used. Money market accounts are subject to the policies of Regulation D in U.S.The.
When the owner of the accounts is not at hand, Regulation D restricts the number of transactions to 6 every month. With these monthly dealings only three checks can be created. If the account holder exceeds these limitations, he or she will be required to spend Regulation D fees. These types of charges may lessen the stability of the account and as the end result, the interest to be earned by the holder will reduce. If any costs are charged, the money market account cannot get the stated Annual Percentage Yield.
Since the rates in money market may alter, account holders must continue to confirm other credit unions and banking institutions to find the highest rates provided. Generally, accounts may be shut and the owners can transfer their money to another account without any penalty. The account holders ought to move funds only after the posting of any earned interest to his or her account. You can visit this site http://www.money-market-interest.com if you want to learn more.
Saturday, June 18, 2011
Swing Trading Systems
Swing trading systems offer many advantages over day trading systems. Let's discuss swing trading systems and their positive and negative points.
Because they hold positions for several days to several weeks, they can allow great trades to come to full fruition before exiting them. This means that you can capture more of the market action than a day trading system can. This is very important because many great trades take weeks or days to develop.
In addition to being better at catching large market movements, swing trading systems typically have less transaction costs. This is because they trade less often, and therefore, their average profit per trade is generally much greater. This not only increases profits, but reduces the effects of slippage and commissions on their returns.
This reduction in the effects of slippage and commssions is crucial to a trader that wants to have his futures trading system traded by a broker for him. If a broker is trading a system for a client, the broker usually charges a larger commission for offering this service, and because we aren't trading as often these increased commissions have little effect on the profitability of the system.
The flip-side of the coin is that swing trading systems have drawbacks as well. Compared to long-term systems, they have more transaction costs and don't do as well in capturing very long-term trends as well as systems built to trade long-term.
Because swing systems hold positions overnight, they require higher margin deposits compared to day trading systems. This is because many futures brokers offer quite low day trading margin rates, but after the closing bell, the margin requirements revert back to the exchange-set minimums.
Since they hold positions overnight, they also expose the trader to more risk. This increased risk comes from price fluctuations that can happen overnight, or early in the morning, and these can cause large fluctuations in futures prices the next day when the trading session opens. This is especially true for futures based on commodities such as grains, where news of crop failures can send prices skyrocketing in just a few hours.
Unlike long-term timeframe systems, swing systems do offer the trader the ability to reallocate his portfolio rather quickly. This is especially helpful when the trader sees an opportunity in another market emerge and desires to enter that market in the short-term.
When considering everything, swing trading systems likely give the best balance of risk to return for many traders compared to day trading and long-term futures trading systems. They give the ability to catch significant market swings, less transaction costs, and react to new market opportunities quickly.
Need futures trading systems? Midas Trading Systems provides dozens of futures trading systems.
Because they hold positions for several days to several weeks, they can allow great trades to come to full fruition before exiting them. This means that you can capture more of the market action than a day trading system can. This is very important because many great trades take weeks or days to develop.
In addition to being better at catching large market movements, swing trading systems typically have less transaction costs. This is because they trade less often, and therefore, their average profit per trade is generally much greater. This not only increases profits, but reduces the effects of slippage and commissions on their returns.
This reduction in the effects of slippage and commssions is crucial to a trader that wants to have his futures trading system traded by a broker for him. If a broker is trading a system for a client, the broker usually charges a larger commission for offering this service, and because we aren't trading as often these increased commissions have little effect on the profitability of the system.
The flip-side of the coin is that swing trading systems have drawbacks as well. Compared to long-term systems, they have more transaction costs and don't do as well in capturing very long-term trends as well as systems built to trade long-term.
Because swing systems hold positions overnight, they require higher margin deposits compared to day trading systems. This is because many futures brokers offer quite low day trading margin rates, but after the closing bell, the margin requirements revert back to the exchange-set minimums.
Since they hold positions overnight, they also expose the trader to more risk. This increased risk comes from price fluctuations that can happen overnight, or early in the morning, and these can cause large fluctuations in futures prices the next day when the trading session opens. This is especially true for futures based on commodities such as grains, where news of crop failures can send prices skyrocketing in just a few hours.
Unlike long-term timeframe systems, swing systems do offer the trader the ability to reallocate his portfolio rather quickly. This is especially helpful when the trader sees an opportunity in another market emerge and desires to enter that market in the short-term.
When considering everything, swing trading systems likely give the best balance of risk to return for many traders compared to day trading and long-term futures trading systems. They give the ability to catch significant market swings, less transaction costs, and react to new market opportunities quickly.
Need futures trading systems? Midas Trading Systems provides dozens of futures trading systems.
Wednesday, June 15, 2011
Surgery Insurance: A Revealing FAQ Concerning Locum Cover
If you’re a practising physician, it’s highly likely that at some time, due to accident, injury or illness, you’ll need to engage a locum to work in your practise until you’re well enough to return. Since the cost of acquiring the services of a locum might be steep, make sure to have insurance cover that compensates for the outlay. Coming up are some average FAQ’s regarding locum cover, and some reasons that it must be incorporated into your surgery insurance.
Q. Exactly What is locum insurance?
A. Locum insurance is one which is renewable once a year, and the cover is meant to take care of the price of employing a locum when an important associate of a medial practice is not well enough to attend to their job. The policy usually pays a weekly benefit until the member returns. On occasion, locum insurance will disburse a daily benefit payment if a key member of the practise is called to jury duty. The benefit can be paid out for no more than 31 days. Various polices will pay out a lump sum benefit in the event that the insured person passes away or is determined to be entirely disabled. Employees who aren’t part of the medical team at the practice can be counted in locum cover as well and benefit paid out will typically be a specific percentage of their gross weekly pay, like 75%.
Q. What are the normal amounts covered by locum insurance?
A. Every associate at the practice, despite whether they are medical or not, may be insured by paying from a few hundred up to a few thousand pounds weekly, perhaps something like £500 to £5000.
Q. What is included in insurance cover for locums?
A. Locum cover typically encompasses accidents occurring anywhere in the world, as well as illness occurring anywhere in the world.
Q. Over what amount of time will benefits be received?
A. The amount insured is paid for the longevity period that the insured individual is temporarily disabled from work, or for a total period, generally 52 weeks, stated in the policy. Payments cease when the person returns to work.
Q. If a locum can’t be located, what happens then?
A. If there is no available locum, lots of policies pay out a weekly amount equivalent to the insured weekly sum or the incapacitated worker’s gross weekly pay.
Q. What is the longevity of a locum insurance policy?
A. Usually, locum insurance is annually renewable. Now, the best thing you could do is look over your cover to find out if you should make any modifications.
Q. Is there an age cap on surgery insurance?
A. Generally, insurance is issued to associates of the practice who range from 18 to 65 years of age. If they furnish more medical data, there is a possibility that those over 65 years of age could qualify for cover.
Q. Are taxes required on locum insurance?
A. Sometimes, there is a tax relief for premiums since they are judged as a business expenditure. Make sure to ask your insurer for the complete facts.
Surgery insurance, especially locum cover, is an essential component of a successful practise.
Q. Exactly What is locum insurance?
A. Locum insurance is one which is renewable once a year, and the cover is meant to take care of the price of employing a locum when an important associate of a medial practice is not well enough to attend to their job. The policy usually pays a weekly benefit until the member returns. On occasion, locum insurance will disburse a daily benefit payment if a key member of the practise is called to jury duty. The benefit can be paid out for no more than 31 days. Various polices will pay out a lump sum benefit in the event that the insured person passes away or is determined to be entirely disabled. Employees who aren’t part of the medical team at the practice can be counted in locum cover as well and benefit paid out will typically be a specific percentage of their gross weekly pay, like 75%.
Q. What are the normal amounts covered by locum insurance?
A. Every associate at the practice, despite whether they are medical or not, may be insured by paying from a few hundred up to a few thousand pounds weekly, perhaps something like £500 to £5000.
Q. What is included in insurance cover for locums?
A. Locum cover typically encompasses accidents occurring anywhere in the world, as well as illness occurring anywhere in the world.
Q. Over what amount of time will benefits be received?
A. The amount insured is paid for the longevity period that the insured individual is temporarily disabled from work, or for a total period, generally 52 weeks, stated in the policy. Payments cease when the person returns to work.
Q. If a locum can’t be located, what happens then?
A. If there is no available locum, lots of policies pay out a weekly amount equivalent to the insured weekly sum or the incapacitated worker’s gross weekly pay.
Q. What is the longevity of a locum insurance policy?
A. Usually, locum insurance is annually renewable. Now, the best thing you could do is look over your cover to find out if you should make any modifications.
Q. Is there an age cap on surgery insurance?
A. Generally, insurance is issued to associates of the practice who range from 18 to 65 years of age. If they furnish more medical data, there is a possibility that those over 65 years of age could qualify for cover.
Q. Are taxes required on locum insurance?
A. Sometimes, there is a tax relief for premiums since they are judged as a business expenditure. Make sure to ask your insurer for the complete facts.
Surgery insurance, especially locum cover, is an essential component of a successful practise.
Profiting In Futures With Trading Systems: Day-Trading Timeframe
When choosing a futures trading system, choosing a timeframe is very important. The choice lies mainly between three main categories: swing trading, day-trading, and long-term systems. We'll review day trading systems and the pros and cons of trading one.
There's one thing that all day trading systems have in common: they do not hold positions overnight. This means that before the end of the closing bell for the regular session, any open positions will be closed. The closing bell occurs at different times for different markets, but it generally occurs around 3:30pm Central time.
Not holding positions overnight is a boon to the day trader because this means lower margin rates too, as most futures brokers allow day trading margin rates that are lower than the exchange minimums. This benefit leads to an increase in a futures trader's leverage, and this increased leverage allows him to trade more contracts from a given account size.
Day trading systems attract many futures traders because they close all positions at the end of the day. The idea that no matter how the day's trading goes, your position will be flat ("flat" refers to not having any position, long or short) at the end of the day compels many futures traders to choose these kind of systems.
The main benefit to trading a day-trading system is limiting risk. Because the system holds no positions overnight, the futures trader has removed the possibility of overnight prices going against him. This not only lesses risk on a per trade basis, but on a portfolio basis as well. And reducing risk is essential to a futures trader's ability to stay in the game for the long haul and be profitable.
This limitation of risk, does come at a cost. The cost is that trades that could have been greatly profitable are usually closed out prematurely. Depending on the market being traded, good trades can take days to develop, and if you're using a day trading system, the system will always exit every trade at the end of the day, regardless of how well it is doing.
Another fault with day trading systems is that they usually profit less per trade than swing or long-term systems. This means that the effects of commissions and slippage are magnified in day trading systems versus swing or long-term systems. For this reason, it is crucial that you choose a futures trading system that has already factored in commissions and provided for a generous amount of slippage.
If the day trading system can deal with the previously mentioned issues robustly, then you have quite a wonderful way to trade futures. A solid, well-constructed day trading futures system can give large profits in a small amount of time. The reason why is that the futures markets allow for large amounts of leverage, which allows futures traders to turn even small price movements into large profits.
Depending on the system, it may enter the market only once a month or once a week, or may trade many times per day. Most professionals agree that, unless you have access to high-tech algorithmic infrastructure that can execute trades in mere milliseconds, you'll be doing yourself a favor by avoiding systems that trade more than a few times in a day. This is true because after accounting for commissions and slippage, there generally are only one or a few good trades each day in any given market. If we try to make trades up when they aren't there, we usually get hurt.
Your best bet is to look for systems that have already factored in commissions and slippage in their results, and systems that trade less than 3 times per day (a few times a week is perfect) on average. Once you find a system that's a match, then apply your money management skills, and you're on your way to trading profits!
Looking for futures trading systems? Midas Trading Systems offers dozens of futures trading systems available.
There's one thing that all day trading systems have in common: they do not hold positions overnight. This means that before the end of the closing bell for the regular session, any open positions will be closed. The closing bell occurs at different times for different markets, but it generally occurs around 3:30pm Central time.
Not holding positions overnight is a boon to the day trader because this means lower margin rates too, as most futures brokers allow day trading margin rates that are lower than the exchange minimums. This benefit leads to an increase in a futures trader's leverage, and this increased leverage allows him to trade more contracts from a given account size.
Day trading systems attract many futures traders because they close all positions at the end of the day. The idea that no matter how the day's trading goes, your position will be flat ("flat" refers to not having any position, long or short) at the end of the day compels many futures traders to choose these kind of systems.
The main benefit to trading a day-trading system is limiting risk. Because the system holds no positions overnight, the futures trader has removed the possibility of overnight prices going against him. This not only lesses risk on a per trade basis, but on a portfolio basis as well. And reducing risk is essential to a futures trader's ability to stay in the game for the long haul and be profitable.
This limitation of risk, does come at a cost. The cost is that trades that could have been greatly profitable are usually closed out prematurely. Depending on the market being traded, good trades can take days to develop, and if you're using a day trading system, the system will always exit every trade at the end of the day, regardless of how well it is doing.
Another fault with day trading systems is that they usually profit less per trade than swing or long-term systems. This means that the effects of commissions and slippage are magnified in day trading systems versus swing or long-term systems. For this reason, it is crucial that you choose a futures trading system that has already factored in commissions and provided for a generous amount of slippage.
If the day trading system can deal with the previously mentioned issues robustly, then you have quite a wonderful way to trade futures. A solid, well-constructed day trading futures system can give large profits in a small amount of time. The reason why is that the futures markets allow for large amounts of leverage, which allows futures traders to turn even small price movements into large profits.
Depending on the system, it may enter the market only once a month or once a week, or may trade many times per day. Most professionals agree that, unless you have access to high-tech algorithmic infrastructure that can execute trades in mere milliseconds, you'll be doing yourself a favor by avoiding systems that trade more than a few times in a day. This is true because after accounting for commissions and slippage, there generally are only one or a few good trades each day in any given market. If we try to make trades up when they aren't there, we usually get hurt.
Your best bet is to look for systems that have already factored in commissions and slippage in their results, and systems that trade less than 3 times per day (a few times a week is perfect) on average. Once you find a system that's a match, then apply your money management skills, and you're on your way to trading profits!
Looking for futures trading systems? Midas Trading Systems offers dozens of futures trading systems available.
Want To Learn About Forex? Try Currency Trading For Dummies
Talk to most people about economic independence and in all probability you will be given dreamy replies regarding a possibility that might materialise at some point later on.
This kind of feedback will certainly be dependent on how old the person you may have this dialog with is:
Young folks will generally display a firm impact that sometime in their own existence they will without a doubt wind up being economically self-sufficient. For more mature folks however, it would be safe to assume that financial freedom might not be possible. In both the above mentioned scenario, the actual subject is undoubtedly one point of view; and hope. Financial freedom? Is one to even dream about it in these modern times?
If economic independence is certainly some thing you are interested in, then you may very well want to look into forex trading, and in the following paragraphs we attempt to offer a very concise synopsis of what this lucrative small business opportunity really is. A Automated Forex Software as they say.
Forex differs from other financial institutions in many elements. What makes it especially appealing though is actually its leveraging capability. Leverage makes it possible for a trader to buy and sell roughly 200 times the money expended. Thus a first amount of $500 can certainly permit a trader to trade $100.000 worth of various currencies. Reading this, you could think that this situation might only be available to experienced investors, and you as a beginner may possibly not have virtually any hope in gaining this sum of money.
Prior to the creation of Forex Trading Basics, the notion that exclusively experienced fx traders would ever be prosperous was indeed correct. Facts are very different though now because Automated Forex Trading Computer software will allow for totally beginners to experience considerable income. Naturally, the following words of caution are essential. Automated Forex Software may be ever more effective today, nevertheless until you are ready to dedicate yourself to foreign exchange trading, chances are not even the very best tool.
After all automated forex trading systems are simply just tools (very good ones at that!) and Forex For Dummies provides you with information and facts which you can use now to establish if this business might be right for you. Take into account, much like every other internet business, accomplishment is not going to happen by miracle. With appropriate focus Foreign currency will certainly help you to reach economic independence if you are willing to give it a proper go. If you'd like to open up your own business or are trying to supplement your income in order to address the increasing cost of living, then Forex is an most effective foundation to help make this plan of action plausible. As a tool, none is going to be as influential and crucial in helping you as forex trading tools.
Foreign exchange trading For Dummies is a system whereby all tradings materialize with no actual physical exchanges. This means that this is a cash economy that permits traders by way of leverage to take a position on exchanges of particular foreign currencies.
While there is no actual physical component to this buying and selling system, markets are opened 24 hours a day and you could actually shift from one market as it closes for business for the day to another one. Tokyo to London to New York for example. One of the most significant parts of forex currency for dummies is that because of this shifting market, variances will not be localized and you will probably have to keep an eye on these frequent variations fairly carefully.
This is when the power of Automated Forex Trading Software comes to the fore. As a consequence of liquid dynamics of forex in that it is considered to be an over the counter market, forex investors tend to be hedge fund holders, long-term holders, large international enterprises, international portfolio managers and private traders just like you and Me.
In conclusion, Trading Forex for Dummies can be simultaneously profitable and also exciting. Like virtually any buying and selling where speculation is involved in decision making, forex market can produce risks that need to be examined extensively. The good thing is, global developments play a role in fx and with the assistance of automated forex trading systems you are able to diminish these kind of risks to the point in which they may be considered minimal.
This kind of feedback will certainly be dependent on how old the person you may have this dialog with is:
Young folks will generally display a firm impact that sometime in their own existence they will without a doubt wind up being economically self-sufficient. For more mature folks however, it would be safe to assume that financial freedom might not be possible. In both the above mentioned scenario, the actual subject is undoubtedly one point of view; and hope. Financial freedom? Is one to even dream about it in these modern times?
If economic independence is certainly some thing you are interested in, then you may very well want to look into forex trading, and in the following paragraphs we attempt to offer a very concise synopsis of what this lucrative small business opportunity really is. A Automated Forex Software as they say.
Forex differs from other financial institutions in many elements. What makes it especially appealing though is actually its leveraging capability. Leverage makes it possible for a trader to buy and sell roughly 200 times the money expended. Thus a first amount of $500 can certainly permit a trader to trade $100.000 worth of various currencies. Reading this, you could think that this situation might only be available to experienced investors, and you as a beginner may possibly not have virtually any hope in gaining this sum of money.
Prior to the creation of Forex Trading Basics, the notion that exclusively experienced fx traders would ever be prosperous was indeed correct. Facts are very different though now because Automated Forex Trading Computer software will allow for totally beginners to experience considerable income. Naturally, the following words of caution are essential. Automated Forex Software may be ever more effective today, nevertheless until you are ready to dedicate yourself to foreign exchange trading, chances are not even the very best tool.
After all automated forex trading systems are simply just tools (very good ones at that!) and Forex For Dummies provides you with information and facts which you can use now to establish if this business might be right for you. Take into account, much like every other internet business, accomplishment is not going to happen by miracle. With appropriate focus Foreign currency will certainly help you to reach economic independence if you are willing to give it a proper go. If you'd like to open up your own business or are trying to supplement your income in order to address the increasing cost of living, then Forex is an most effective foundation to help make this plan of action plausible. As a tool, none is going to be as influential and crucial in helping you as forex trading tools.
Foreign exchange trading For Dummies is a system whereby all tradings materialize with no actual physical exchanges. This means that this is a cash economy that permits traders by way of leverage to take a position on exchanges of particular foreign currencies.
While there is no actual physical component to this buying and selling system, markets are opened 24 hours a day and you could actually shift from one market as it closes for business for the day to another one. Tokyo to London to New York for example. One of the most significant parts of forex currency for dummies is that because of this shifting market, variances will not be localized and you will probably have to keep an eye on these frequent variations fairly carefully.
This is when the power of Automated Forex Trading Software comes to the fore. As a consequence of liquid dynamics of forex in that it is considered to be an over the counter market, forex investors tend to be hedge fund holders, long-term holders, large international enterprises, international portfolio managers and private traders just like you and Me.
In conclusion, Trading Forex for Dummies can be simultaneously profitable and also exciting. Like virtually any buying and selling where speculation is involved in decision making, forex market can produce risks that need to be examined extensively. The good thing is, global developments play a role in fx and with the assistance of automated forex trading systems you are able to diminish these kind of risks to the point in which they may be considered minimal.
Tuesday, June 14, 2011
Where To Get “Forex Trading” Information?
Can Forex Trading information be obtained easily?
Nowadays you have been hearing Forex market courses everywhere. It is always good to diversify your investment portfolio. Instead of putting your full investment in real estate market it’s time to learn forex trading.
One of the best ways to learn forex trading is from forex ebooks. These are available online and can be downloaded. It’s likely that you’ll find all sides of forex trading are covered in one of the hundreds of forex ebooks online.
The best thing about forex ebooks is their length. It’s unlikely that there are any forex ebooks that couldn’t be read in an evening. And this is good because forex ebooks designed to give you an overview of forex trading, will accomplish this in very little time. Is Forex Trading information can be obtain easily. For instance, if you need to learn about pips, you can do it quickly-usually within a few hours.
Forex training courses for forex trading
These usually have ebooks as well as forex videos. Some online courses are free while others are fee-based.It’s rare that you’ll find any truly free online forex training courses. Most of the real free courses feature forex videos – or a series of forex videos – that only use a talking head and a bunch of Powerpoint slides.
The fee-based online forex training courses will usually include a demo account area where you can practice what you learn in the forex videos (which also tend to have better production values). The big drawback is that these types of online forex training courses are often quite pricey and can lock you into a system that you may not like-or really understand.
Then there are the guru workshops. These will almost definitely cost you significant dollars – in one way or another. And they will also definitely lock you into a trading system. So these are best left until you’ve got a good grasp of Forex trading tips.
Sure there are many ways to learn forex trading. Forex ebooks. Forex videos. Online forex training courses. Not to mention all the seminars and workshops put on by forex gurus. But to take advantage of all of these resources, start broad and then focus on a system that suits you. Develop a plan that lets you learn forex trading from top to bottom.
Nowadays you have been hearing Forex market courses everywhere. It is always good to diversify your investment portfolio. Instead of putting your full investment in real estate market it’s time to learn forex trading.
One of the best ways to learn forex trading is from forex ebooks. These are available online and can be downloaded. It’s likely that you’ll find all sides of forex trading are covered in one of the hundreds of forex ebooks online.
The best thing about forex ebooks is their length. It’s unlikely that there are any forex ebooks that couldn’t be read in an evening. And this is good because forex ebooks designed to give you an overview of forex trading, will accomplish this in very little time. Is Forex Trading information can be obtain easily. For instance, if you need to learn about pips, you can do it quickly-usually within a few hours.
Forex training courses for forex trading
These usually have ebooks as well as forex videos. Some online courses are free while others are fee-based.It’s rare that you’ll find any truly free online forex training courses. Most of the real free courses feature forex videos – or a series of forex videos – that only use a talking head and a bunch of Powerpoint slides.
The fee-based online forex training courses will usually include a demo account area where you can practice what you learn in the forex videos (which also tend to have better production values). The big drawback is that these types of online forex training courses are often quite pricey and can lock you into a system that you may not like-or really understand.
Then there are the guru workshops. These will almost definitely cost you significant dollars – in one way or another. And they will also definitely lock you into a trading system. So these are best left until you’ve got a good grasp of Forex trading tips.
Sure there are many ways to learn forex trading. Forex ebooks. Forex videos. Online forex training courses. Not to mention all the seminars and workshops put on by forex gurus. But to take advantage of all of these resources, start broad and then focus on a system that suits you. Develop a plan that lets you learn forex trading from top to bottom.
Friday, June 10, 2011
Best Trading Secret – Write Goals On Paper
You can’t underestimate the benefits of diving into a market with a solid trading secret and trading plan. If you do everything just right, you never have to work for a boss again, curse at the traffic while driving to work or work eight hours a day. Before you start dreaming big though, take note that trading is not a picnic. It takes a great deal of time and effort to get things going. Hard work is what pays off.
You must have a strong motivation to succeed when you embark on a life of trading. There will be difficult times to go through when none of your trades seem to be working out. At times like these, you need to be able to draw strength from the strong commitment you have made to see this thing through.
The real trading secret is to have some clear goals about exactly what you want to achieve in a certain period of time. A mere decision to ‘achieve financial freedom’ is not going to cut it. You need to know why you want financial freedom. Is it to provide well for your family? Is it to be able to give generously to those less fortunate than yourself? Whatever the reason, it must provide you with a strong enough motivation to withstand the pressure to quit before you have given yourself a decent chance. Write down what your motivation is and keep it beside you as you go through the hard yards.
To illustrate how vital goals are, turn your sights to the majestic Petronas Towers of Malaysia. As you might already know, these once held the record of being the tallest of its kind in the world. The towers were only really able to get that recognition because its foundations ran 800 feet below. In the same way, if you want to rise and become the best trader in the block, you’ve got to make sure your foundations are deep and strong. You can’t become an outstanding trader without this.
Part of constructing a solid foundation is clearly putting your goals on paper and putting a deadline for achieving them. This is what you call quantifying your goals. You can for example specify that you need to gain enough profits to pay your mortgage in twelve years. You can even go for a more emotional goal such as being able to completely fund your kids’ college education by a certain year.
Be aware that this isn’t something that will come to you after attending some finance seminars or reading trading strategies. There’s a lot more involved here.
You need to be absolutely ready to move and just do. Take note though that this can mean initial losses even if you have the best stock broker in town. The truth is that 80% of investors lose cash at first. Don’t be discouraged though. This is a necessary phase for you to go through, an initiation of sorts if you must. All you really need to do to survive this stage is to keep motivated and to keep your goals in mind. This will help you learn from your losses and help you grow into a better trader through time.
So before you embark on your stock trading, you must promise to implement your top trading secret. Write down your goals and do some background reading. You will then be ready to begin the task of undertaking some serious trading.
You must have a strong motivation to succeed when you embark on a life of trading. There will be difficult times to go through when none of your trades seem to be working out. At times like these, you need to be able to draw strength from the strong commitment you have made to see this thing through.
The real trading secret is to have some clear goals about exactly what you want to achieve in a certain period of time. A mere decision to ‘achieve financial freedom’ is not going to cut it. You need to know why you want financial freedom. Is it to provide well for your family? Is it to be able to give generously to those less fortunate than yourself? Whatever the reason, it must provide you with a strong enough motivation to withstand the pressure to quit before you have given yourself a decent chance. Write down what your motivation is and keep it beside you as you go through the hard yards.
To illustrate how vital goals are, turn your sights to the majestic Petronas Towers of Malaysia. As you might already know, these once held the record of being the tallest of its kind in the world. The towers were only really able to get that recognition because its foundations ran 800 feet below. In the same way, if you want to rise and become the best trader in the block, you’ve got to make sure your foundations are deep and strong. You can’t become an outstanding trader without this.
Part of constructing a solid foundation is clearly putting your goals on paper and putting a deadline for achieving them. This is what you call quantifying your goals. You can for example specify that you need to gain enough profits to pay your mortgage in twelve years. You can even go for a more emotional goal such as being able to completely fund your kids’ college education by a certain year.
Be aware that this isn’t something that will come to you after attending some finance seminars or reading trading strategies. There’s a lot more involved here.
You need to be absolutely ready to move and just do. Take note though that this can mean initial losses even if you have the best stock broker in town. The truth is that 80% of investors lose cash at first. Don’t be discouraged though. This is a necessary phase for you to go through, an initiation of sorts if you must. All you really need to do to survive this stage is to keep motivated and to keep your goals in mind. This will help you learn from your losses and help you grow into a better trader through time.
So before you embark on your stock trading, you must promise to implement your top trading secret. Write down your goals and do some background reading. You will then be ready to begin the task of undertaking some serious trading.
Wednesday, June 8, 2011
Why Use A Futures Trading System?
When it comes to investing your hard-earned cash, employing a futures trading system can give you the returns you've been looking for.
So what is a futures trading system? First, let's start with the term "trading system". A trading system is a set of rules that quantify when to buy or sell a basket of or a single security or commodity . These are usually computer-based and to have the ability to run truly in a hands-free manner.
So what in the world are futures? Futures are contracts that are traded only on futures exchanges across the globe. Although these contracts are essentially agreements to buy or sell a given amount of the underlying asset at some point in time in the future, the simplest way to think of them like stocks that expire on a certain date. Some of the most heavily traded contracts include: treasury bonds, stock indices (like the Russell), currencies, oil, and gold.
Why would you want to trade futures? Trading futures gives that extra something special that is badly needed in a stock-heavy portfolio: diversification. Historically, when stocks rise, futures tend to dip. And when stocks dip, futures tend to rise. This pattern holds up a decent portion of the time. At other times they move completely independently of each other. This means that the futures market is only weakly correlated to the stock market. This is is a big advantage and it help an investor's portfolio to survive the storm of stock market bull and bear markets.
And don't forget that most futures are based on commodities: things like gold, oil, coffee, and wheat. These commodities have a global demand and aren't subject to the "fads" that cause so many fluctuations in stock prices. As prices around the globe for these commodities rise, we can gain from these price shifts by entering trades on commodities through futures.
Why use a trading system? Trading systems offer several advantages over a discretionary approach. Discretionary trading means that the investor makes non-systematic choices about how to invest and in what to invest. By using a trading system, rather than making decisions on what "feels right", the astute investor can can make informed trade decisions that are founded on profitable patterns that have a high historical likelihood of success.
In addition, and just as important, systems trading provides a means to keep your emotions under control when making trading decisions. How many times have you sold after a long losing streak and then you see your stock rocket back into the green and make up for all the losses, leaving you reeling? On the other hand, have you bought when the security looked like it was a sure-fire bet that it would continue to rise, only to see your investment go down in the coming weeks? We are all subjects to "herd mentality", and being swayed by the herd often leads to bad investment decisions. Luckily by using systems, we can get around this faulty thought pattern and make sound and objective investment decisions.
Lastly, and possibly most important, using trading systems frees up your time. Who wouldn't want to enjoy your time, have extra time to spend with your family, or keep up with your hobbies, rather than endlessly debating your next portfolio decision. With most trading systems now being computerized, they can be set to function automatically, and this means you can spend your time doing what you love, rather than placing your trades. For those of you that aren't computer savvy, there are legion of futures brokers that will faithfully execute trades for your chosen system each and every market day for you so you don't have to be involved in the daily operations at all.
For all these reasons and more, using futures trading systems is the smart way to reach your financial objectives. Don't guess at your financial future. Invest wisely, use futures trading systems!
So what is a futures trading system? First, let's start with the term "trading system". A trading system is a set of rules that quantify when to buy or sell a basket of or a single security or commodity . These are usually computer-based and to have the ability to run truly in a hands-free manner.
So what in the world are futures? Futures are contracts that are traded only on futures exchanges across the globe. Although these contracts are essentially agreements to buy or sell a given amount of the underlying asset at some point in time in the future, the simplest way to think of them like stocks that expire on a certain date. Some of the most heavily traded contracts include: treasury bonds, stock indices (like the Russell), currencies, oil, and gold.
Why would you want to trade futures? Trading futures gives that extra something special that is badly needed in a stock-heavy portfolio: diversification. Historically, when stocks rise, futures tend to dip. And when stocks dip, futures tend to rise. This pattern holds up a decent portion of the time. At other times they move completely independently of each other. This means that the futures market is only weakly correlated to the stock market. This is is a big advantage and it help an investor's portfolio to survive the storm of stock market bull and bear markets.
And don't forget that most futures are based on commodities: things like gold, oil, coffee, and wheat. These commodities have a global demand and aren't subject to the "fads" that cause so many fluctuations in stock prices. As prices around the globe for these commodities rise, we can gain from these price shifts by entering trades on commodities through futures.
Why use a trading system? Trading systems offer several advantages over a discretionary approach. Discretionary trading means that the investor makes non-systematic choices about how to invest and in what to invest. By using a trading system, rather than making decisions on what "feels right", the astute investor can can make informed trade decisions that are founded on profitable patterns that have a high historical likelihood of success.
In addition, and just as important, systems trading provides a means to keep your emotions under control when making trading decisions. How many times have you sold after a long losing streak and then you see your stock rocket back into the green and make up for all the losses, leaving you reeling? On the other hand, have you bought when the security looked like it was a sure-fire bet that it would continue to rise, only to see your investment go down in the coming weeks? We are all subjects to "herd mentality", and being swayed by the herd often leads to bad investment decisions. Luckily by using systems, we can get around this faulty thought pattern and make sound and objective investment decisions.
Lastly, and possibly most important, using trading systems frees up your time. Who wouldn't want to enjoy your time, have extra time to spend with your family, or keep up with your hobbies, rather than endlessly debating your next portfolio decision. With most trading systems now being computerized, they can be set to function automatically, and this means you can spend your time doing what you love, rather than placing your trades. For those of you that aren't computer savvy, there are legion of futures brokers that will faithfully execute trades for your chosen system each and every market day for you so you don't have to be involved in the daily operations at all.
For all these reasons and more, using futures trading systems is the smart way to reach your financial objectives. Don't guess at your financial future. Invest wisely, use futures trading systems!
Subscribe to:
Posts (Atom)