Wealth Building

Developing A Trading Plan Pt 2

3. Risk Management The most common mistake made by futures traders is the lack of any systematic risk-management. The high leverage and high volatility of the futures markets usually have a strong influence on a traders emotions. This emotional volatility results in a lack of objectivity and poor decision making. Have RESPECT for leveraged markets. The MARKET IS ALWAYS RIGHT.…

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Time Management

Metamorphosing Into An Expert

Every last one of us wishes we could turn into experts. I think it would be remarkable to have people run to you each time that they have a question. Then, you can sit down wisely, ponder over their problems, and find the ideal answer from the top of your head. Well, it may not be terribly easy to turn…

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Finance

Part Time Trading Making The Most Of Your Time

It seems like I am always answering the question as to whether trading can be done meaningfully on a part-time basis. My answer is always the same – “Absolutely!” Somehow people have been convinced that you have to spend hour upon hour in front of computer watching the markets in order to have a chance at success. That is simply…

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Forex

Forex Trading Should You Invest

Forex trading is all about putting your money into other currencies, so you can gain the interest for the night, for time period or the difference in trading money all around. Forex trading does involve other assets along with money, but because you are investing in other countries and in other businesses that are dealing in other currencies the basis…

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Finance

Economic Data And Its Influence On The Financial Markets

The things which contribute to price levels and action in the financial markets are numerous and diverse, and their influences can vary through time, and across different markets. This article identifies the different types of Economic Data influences and the role they play. There are two ways economic information can influence prices. The first is in the macro sense. Macroeconomic…

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Wealth Building

Online Forex Trading

Online Forex trading will possibly provide profits for all those contemplating investing in the currency market. To put simply, an online forex trading strategy is a method for using foreign exchange rates of currency from various countries to buy one country’s currency when it is under valued, and exchange it for another country’s currency whether it is of a normal…

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Wealth Building

Mortgage At Garage Sale Prices

Everybody seems to be hankering to buy property these days. And rightly so. After all, property prices seem to be on a permanent upswing and there is little risk involved. If one owns a house, one also has security for the future. One does not need to worry about shifting from one rented apartment to another. Buying a house is…

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