By Gen Wright
Investing in the stock market can be complicated business. After all, market forces are complex and hard to understand, much less predict. Every day there are many people trading on the stock market exchange, and day in day out, there are people losing money and there are people making a killing.
Obviously, everyone wants to be on the winning side. But unfortunately, most people lose their hard earned money when investing in the stock market. There are many reasons why these people lose money. Here are some of the more common reasons:
1) Following the crowd - Some investors just follow blindly because they are unsure of what to do. So they buy stocks based on half-truths and rumors and end up losing a lot of money.
2) Making investments based on emotions - This is a big mistake. Some investors simply do not know when to cut their losses. They let their emotions get the better of them. As a result, they pour more money into the stock market when they should have cut losses and moved on. This is tantamount to gambling, and should be avoided at all cost.
3) Incomplete due diligence - Some investors are just plain lazy. Even with detailed prospectus and documentation lying in front of them, they just refuse to pick them up and digest the information. The outcome is predictable.
4) Lack of trading knowledge - Some investors want to make money, but they want to make fast money. So they take short cuts and refuse to improve on their trading knowledge. Instead, they depend more on hearsay and their luck when it comes to investing.
The sophisticated investor knows how to make money regardless of whether it's a bear or a bull market. Most investors just know how to make money during the bull market. For example, a trader can short sell during a bear market. Short selling is a blanket term used to describe trades that allow the investor to gain while the prices are falling.
Making money from the stock market is not impossible. Many people have done it, and they continue to do it to this day. Some even make a full income trading on the stock market. But from the reasons cited above, you see that to be a successful trader, you need these four qualities:
1) Discernment - Never follow the crowd blindly or believe rumors without investigating.
2) Sound investment philosophy - This is important because your decisions should always be based on your investment philosophy, and not your emotions.
3) Hard work - Complete your due diligence. No one else will work harder than you as it's your own money you are investing.
4) Investment knowledge - You don't have to be a guru but you do need adequate investment knowledge to know what are the investment tools that you can make use of.
Finally, if you have to learn, make small trades but always practice with real money. With real money, you feel the pinch when you lose, and you tend to learn the lessons faster. Learn quick, be savvy, and in time to come, you will profit handsomely from your past investment mistakes.
Article Source: http://www.articlehighlight.com
(my own article directory)
For stock market reviews, and stock market news, please visit our forum.
September 21, 2008
August 30, 2008
Protect Yourself From Credit Card Criminals
By Nick Makaryk
Nowadays the criminal element is always out there looking for someone, to try steal one's identity. These very criminals want credit card information so they can run up the charges then leave you holding the bags with nothing to show for it. Even though some are local, most credit card criminals are in far away lands. Worse than that, they like to hide or go by other names so it's virtually impossible to track them down.
The most common way for criminals to get credit card information is through phishing, which involves a fake email that appears to be sent from your credit card company. Normally, this fake email states that there was an error with your account, or that it was accessed by unauthorized personnel and needs your attention.
Spotting fake emails isn't hard to do - as long as you know what to look for. The most obvious hint for most is the fact that you don't even have a credit card from the company that has sent the email. For others, the link is what gives the fake email away. Anytime you get an email from a credit card that you believe to be fake, you should always hover your mouse over the link, then "right click" the link with the mouse and select "view source". If the link is indeed fake, the website address that comes up will be something other than that of a credit card company.
Many people are unaware of this method, although it is a standard feature of any email program. The fake emails will have links to a spoofed version of the credit card company's website. These will look nearly identical to the actual site, including the use of company logos and other design elements.
It is very easy to duplicate a website, even the novice criminal can do it. By using the mouse and right click method, you can obtain the criminals real website address. It is important to remember that using this method is not totally safe. It can be used to infect your computer with spyware or viruses. It is better to avoid it altogether and just delete the email.
Many people fall victim to these scams every year. Once you have entered your personal information, you are a victim. The information is all the criminals want, and when you supply it, you have given them carte blanche to ravage your accounts and your life. Once they have your credit card and social security number, they can use it in any way that they can think of.
For them, this means a vacation or some expensive shopping - for you, it could mean financial ruin!
It is ultimately up to you to protect yourself. If you receive a suspicious email regarding your credit card account, it is recommended that you call the credit card company on the telephone and discuss it with them. Do not use the telephone number in the email. Instead, find a statement and use the customer service number that is printed on that.
There are always criminals out there, which is why you should always be on guard. Criminals want your personal information and your credit card numbers - it's up to you to ensure that they don't get it. A criminal will do anything to get what they want, which is why protecting yourself is so very important these days.
Article Source: http://www.articlehighlight.com
Nick Makaryk: Editor, Publisher, and Founder of Best Credit Cards. A Free Consumer Credit Card Comparison site helps consumers find the right credit card while avoiding high interest rates, charges, and no fees. Compare 0% Interest Credit Cards from Visa, Master Card, Discover, American Express.
Nowadays the criminal element is always out there looking for someone, to try steal one's identity. These very criminals want credit card information so they can run up the charges then leave you holding the bags with nothing to show for it. Even though some are local, most credit card criminals are in far away lands. Worse than that, they like to hide or go by other names so it's virtually impossible to track them down.
The most common way for criminals to get credit card information is through phishing, which involves a fake email that appears to be sent from your credit card company. Normally, this fake email states that there was an error with your account, or that it was accessed by unauthorized personnel and needs your attention.
Spotting fake emails isn't hard to do - as long as you know what to look for. The most obvious hint for most is the fact that you don't even have a credit card from the company that has sent the email. For others, the link is what gives the fake email away. Anytime you get an email from a credit card that you believe to be fake, you should always hover your mouse over the link, then "right click" the link with the mouse and select "view source". If the link is indeed fake, the website address that comes up will be something other than that of a credit card company.
Many people are unaware of this method, although it is a standard feature of any email program. The fake emails will have links to a spoofed version of the credit card company's website. These will look nearly identical to the actual site, including the use of company logos and other design elements.
It is very easy to duplicate a website, even the novice criminal can do it. By using the mouse and right click method, you can obtain the criminals real website address. It is important to remember that using this method is not totally safe. It can be used to infect your computer with spyware or viruses. It is better to avoid it altogether and just delete the email.
Many people fall victim to these scams every year. Once you have entered your personal information, you are a victim. The information is all the criminals want, and when you supply it, you have given them carte blanche to ravage your accounts and your life. Once they have your credit card and social security number, they can use it in any way that they can think of.
For them, this means a vacation or some expensive shopping - for you, it could mean financial ruin!
It is ultimately up to you to protect yourself. If you receive a suspicious email regarding your credit card account, it is recommended that you call the credit card company on the telephone and discuss it with them. Do not use the telephone number in the email. Instead, find a statement and use the customer service number that is printed on that.
There are always criminals out there, which is why you should always be on guard. Criminals want your personal information and your credit card numbers - it's up to you to ensure that they don't get it. A criminal will do anything to get what they want, which is why protecting yourself is so very important these days.
Article Source: http://www.articlehighlight.com
Nick Makaryk: Editor, Publisher, and Founder of Best Credit Cards. A Free Consumer Credit Card Comparison site helps consumers find the right credit card while avoiding high interest rates, charges, and no fees. Compare 0% Interest Credit Cards from Visa, Master Card, Discover, American Express.
July 25, 2008
Can You Really Become Rich in Days?
By Phoenix Delray
There are people all over the world who want to know how to become rich in days, but they think that it is impossible. There are tons of different ways that someone can become rich in days, but most of them are really not that practical. Sure, everyone would love to win the lottery, but is this really something that you want to sit around and wait for years for it to happen? There are however, a variety of ways to become rich in days that are completely possible.
So many people in the world today want to make a quick buck or want to wake up one day and suddenly have millions of dollars in their bank account. These are the types of people that sit around on their butts waiting for someone rich to marry them, to win the lottery, or to coin a hit song or write a bestselling novel. While these methods work for some people, they are really not practical for most of the population. The truth is, less than 1% of people who become rich do so by the means of winning the lottery, becoming famous rock stars, or marrying into a wealthy family. These things would be great if they were easier to come by, but they are just not things that come along very often.
Some of the better and more practical ways to become rich in days are by starting your own business or investing in things. Starting your own business is something that could potentially take anywhere from a few months to a few years to really see a return on your money. So if you are truly looking to become rich in days, then this may not be the venture for you. Investing is most likely something you have done at some point in your life without even realizing it.
If you were a young boy who bought and traded baseball cards with friends, then you were in some way investing. Each card had a different value and some were more coveted then others, but they all cost the same when you bought them in a pack from your local store. However, each of them has an intrinsic value which allows you to trade them for other cards that add up to the same value of that particular one. This is the same concept that is used by entrepreneurs and businessmen to compound on seed capital. This concept is used every day with money and is referred to as opportunity investment.
Regardless of what method you choose to expand your financial freedom, always keep in mind that there are ways to become rich in days.
Article Source: http://www.articlehighlight.com
To know more about become rich in days please visit our website.
There are people all over the world who want to know how to become rich in days, but they think that it is impossible. There are tons of different ways that someone can become rich in days, but most of them are really not that practical. Sure, everyone would love to win the lottery, but is this really something that you want to sit around and wait for years for it to happen? There are however, a variety of ways to become rich in days that are completely possible.
So many people in the world today want to make a quick buck or want to wake up one day and suddenly have millions of dollars in their bank account. These are the types of people that sit around on their butts waiting for someone rich to marry them, to win the lottery, or to coin a hit song or write a bestselling novel. While these methods work for some people, they are really not practical for most of the population. The truth is, less than 1% of people who become rich do so by the means of winning the lottery, becoming famous rock stars, or marrying into a wealthy family. These things would be great if they were easier to come by, but they are just not things that come along very often.
Some of the better and more practical ways to become rich in days are by starting your own business or investing in things. Starting your own business is something that could potentially take anywhere from a few months to a few years to really see a return on your money. So if you are truly looking to become rich in days, then this may not be the venture for you. Investing is most likely something you have done at some point in your life without even realizing it.
If you were a young boy who bought and traded baseball cards with friends, then you were in some way investing. Each card had a different value and some were more coveted then others, but they all cost the same when you bought them in a pack from your local store. However, each of them has an intrinsic value which allows you to trade them for other cards that add up to the same value of that particular one. This is the same concept that is used by entrepreneurs and businessmen to compound on seed capital. This concept is used every day with money and is referred to as opportunity investment.
Regardless of what method you choose to expand your financial freedom, always keep in mind that there are ways to become rich in days.
Article Source: http://www.articlehighlight.com
To know more about become rich in days please visit our website.
July 22, 2008
How To Determine If A Product Or Service Is Really Worth The Price
By Rachel Yoshida
Some statements are popular just because they sound good, but they may not always be true. Phrases like, if it costs more it must be better, or the bigger the better. While in some cases these things might be true, in some cases they probably are not. If you are trying to save some of your hard earned money these days, you have to be really careful about the purchases you make and it does pay to stop, think, and use a little common sense.
A lot of the money we spend can go for things that are used up and have to be replaced over and over again. Food is probably the most bought items that must constantly be replaced. Food is also where a large part of our paycheck goes each week. When we have a few kids, it can seem like an endless battle to keep the cabinets and refrigerator full with nutritious foods for them to eat.
When it comes to buying food, sometimes bigger can be better. This is because that with many products like cereal, sugar, flour, and other products that have a fairly long shelf life, the larger size packages you buy you are likely to get a better overall price. All you have to do to determine whether a product is a better buy in a larger size is do a little math with the price and compare the weight of the product. If you can calculate that you get more of a product for a little less money by buying a larger size, then if you use a lot of that product at home it will probably be worth investing in the larger quantity.
It might seem like you are just saving pennies, but pennies really do add up at the end of your grocery bill for the month, and later for the year. Another way to save money is by the brands of products that you choose. When you buy products like toilet paper, paper towels, razor blades, shampoos, soaps, and some cleaning products, it really does pay to experiment. You will many times find that a less expensive, less well advertised product will perform just as well or sometimes even better than the more expensive brands. It can be worth it if you find a cheaper product that works just as well as something more expensive. Save wherever you can!
Article Source: http://www.articlehighlight.com
Rachel Yoshida is a writer of many topics, visit some of her sites, like No Fax Payday Loans and Virginia Beach Cash Advance.
Some statements are popular just because they sound good, but they may not always be true. Phrases like, if it costs more it must be better, or the bigger the better. While in some cases these things might be true, in some cases they probably are not. If you are trying to save some of your hard earned money these days, you have to be really careful about the purchases you make and it does pay to stop, think, and use a little common sense.
A lot of the money we spend can go for things that are used up and have to be replaced over and over again. Food is probably the most bought items that must constantly be replaced. Food is also where a large part of our paycheck goes each week. When we have a few kids, it can seem like an endless battle to keep the cabinets and refrigerator full with nutritious foods for them to eat.
When it comes to buying food, sometimes bigger can be better. This is because that with many products like cereal, sugar, flour, and other products that have a fairly long shelf life, the larger size packages you buy you are likely to get a better overall price. All you have to do to determine whether a product is a better buy in a larger size is do a little math with the price and compare the weight of the product. If you can calculate that you get more of a product for a little less money by buying a larger size, then if you use a lot of that product at home it will probably be worth investing in the larger quantity.
It might seem like you are just saving pennies, but pennies really do add up at the end of your grocery bill for the month, and later for the year. Another way to save money is by the brands of products that you choose. When you buy products like toilet paper, paper towels, razor blades, shampoos, soaps, and some cleaning products, it really does pay to experiment. You will many times find that a less expensive, less well advertised product will perform just as well or sometimes even better than the more expensive brands. It can be worth it if you find a cheaper product that works just as well as something more expensive. Save wherever you can!
Article Source: http://www.articlehighlight.com
Rachel Yoshida is a writer of many topics, visit some of her sites, like No Fax Payday Loans and Virginia Beach Cash Advance.
July 5, 2008
The Psychology & Habits of Successful Investors
By Adam Khoo
What sets average and successful investors apart is their psychology or way of thinking. Although all master investors use very different strategies and investment tools that may even contradict each other, they all share the similar psychological makeup that makes them successful.
Here are seven of the most powerful success habits of successful investors.
1. Buy On Strict Rules & Not Emotions
All successful investors have developed a time-tested and proven system for selecting, buying and selling investments in a way that makes them money consistently. They always buy and sell securities based strictly on a set of clearly defined rules or investment criteria.
For example, Warren Buffett will only buy a company if it has shown consistent earnings growth over five years, has little debt, has a high return on equity, has a strong management team and is selling at a price that is way below the company's intrinsic value. If a stock does not meet every single criterion, he does not buy!
Successful investors never allow their decisions to be swayed by their emotions or by the advice of other people. For example, many successful investors have a rule for selling their investments and cutting their losses once their investments fall 10%-20% below their purchase price. The moment this happens, they sell without thinking twice.
They never let fear, pride or ego get in the way. On the other hand, most average investors (who keep losing money) do not have a system for investing. They buy and sell based on the opinions and advice from their friends or relatives (who are usually broke too).
Their decisions are usually driven by the emotions of fear and greed, instead of a set of well-defined criteria.
2. Admit Your Mistakes Early
Successful investors know that no matter how great their investment strategy is, it is never hundred percent accurate. They know that no matter how smart or experienced they are, they too make mistakes. The difference between successful investors and average investors is that the former admit their mistakes early.
Once successful investors know they have made a wrong investment decision (the stock price moves against them), they will sell and minimize their losses immediately. On the other hand, most average investors hate to admit that they made a bad decision. They will start giving excuses and hold on to their bad investments in dissent.
As a result, they make huge losses that wipe out any gains they may have made in the past. As quoted by legendary billionaire investor George Soros, master investors know that they may be wrong from time to time. However, if they minimize their losses by admitting their mistakes early, they will still make huge profits from the gains they make from their good investments.
3. Become An Expert and Don't Rely on Experts
The third success habit of successful investors is that they only make investments in areas in which they have an expertise. Great investors make investment decisions with a high probability of success not because they are lucky or because they have a crystal ball.
Their successful track record comes from the fact that they have a tremendous depth of knowledge and expertise in their area of investments. All this comes from hours of research and study. Warren Buffett is so good at being able to pick companies that will increase in value simply because he has a very good understanding of how businesses work.
He will spend hours reading the company's annual reports and dissect every piece of information before making a decision. The reason why Warren Buffett makes very few bad decisions is because he only invests within his circle of competence. He only invests in businesses which he knows and understands inside out.
The reason why Buffett avoided investing in any Internet businesses during the dotcom boom of 1998-2000 is because he did not understand their business models. By so doing, he avoided one of the greatest market crashes in recent history.
4. When there is Nothing to Invest in, Don't invest
One of the main reasons why many professionally managed funds are not able to consistently beat the S&P 500 is because they are required to invest 80% of their funds into the market at any one time. If they were to hold more than 20% of their assets in cash, they will be criticized for not putting the money to work.
The problem is that it is not always a good time to invest and you will not always find investments that match the investment criteria of a successful investment. By constantly having to be invest in the market; they suffer as much losses from bad investments as they do enjoy the gains from good ones.
The trouble is many amateur investors make the same similar mistake and are quick to jump into the first investment that comes along. One thing I have noticed about all great investors and traders is that if they cannot find an investment that confidently meets all their criteria, they do not invest or trade.
Successful investors have the patience to wait indefinitely until they find an investment with a very high probability for success and a low risk of loss. Only then do they make the confident decision of taking a large position.
5. Take 100% Responsibility for Your Results
As a successful investor, you must have the attitude of taking full responsibility for the results you have acquired, both success and failure. Lousy investors tend to give excuses and lay blames whenever they lose money. Their usual responses include: "my broker gave me the wrong advice", "the market went against me" or it's just bad luck.
As a result of not admitting that they made a wrong decision, the average investor does not learn from his mistakes to become a better investor. Successful investors are the first to admit that they made the wrong decisions and used the wrong strategy. They learn from their mistakes, become wiser and move on to their next investment.
6. Be Passionate About Investing
Passion is the most important ingredient for being successful in any field of endeavour. The world of investing is no different. If you do not enjoy looking at charts and studying financial data from annual reports, then you will never be a successful investor.
If you are purely investing with the motivation to make a quick buck then you will probably be like the majority of people who will lose money and give up. Tiger Woods did not chose to play golf because of the money; it was because he loves the game.
Why is passion so important to success? Remember that to be good in anything, you have to be an expert in it! The only way you can be an expert in something (i.e. investing) is to live, breathe, eat and sleep investing.
When an investment guru listens to the weather forecast, he thinks of how it will impact oil prices and energy stocks. When he shops at the supermarkets, he notices the best selling products and the companies (stocks) that sell it!
When he reads the news to find that interest rates are rising, he thinks about how it will affect bond prices and financial stocks. The only way you can be totally focused in something is if you truly have a passion for it.
7. Reduce Risks & Maximize Returns
The average investor believes that in order to make high returns from investing, he has to take big risks! The successful investor on the other hand is usually risk averse. He believes that returns are not related to risk.
Instead, risk comes from not being an expert at what you are doing. The master investor will only invest if he finds an investment with a very high probability of success, one with very high potential upside with limited downside. So, only invest with minimal risks and very high returns.
With these 7 success habits in mind, you are well on your way to successful investing!
Article Source: http://www.articlehighlight.com
Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his millionaire investing secrets and claim your FREE bonus chapter of his latest bestselling book 'Secrets Of Millionaire Investors' at Secrets Of Millionaire Investors.
What sets average and successful investors apart is their psychology or way of thinking. Although all master investors use very different strategies and investment tools that may even contradict each other, they all share the similar psychological makeup that makes them successful.
Here are seven of the most powerful success habits of successful investors.
1. Buy On Strict Rules & Not Emotions
All successful investors have developed a time-tested and proven system for selecting, buying and selling investments in a way that makes them money consistently. They always buy and sell securities based strictly on a set of clearly defined rules or investment criteria.
For example, Warren Buffett will only buy a company if it has shown consistent earnings growth over five years, has little debt, has a high return on equity, has a strong management team and is selling at a price that is way below the company's intrinsic value. If a stock does not meet every single criterion, he does not buy!
Successful investors never allow their decisions to be swayed by their emotions or by the advice of other people. For example, many successful investors have a rule for selling their investments and cutting their losses once their investments fall 10%-20% below their purchase price. The moment this happens, they sell without thinking twice.
They never let fear, pride or ego get in the way. On the other hand, most average investors (who keep losing money) do not have a system for investing. They buy and sell based on the opinions and advice from their friends or relatives (who are usually broke too).
Their decisions are usually driven by the emotions of fear and greed, instead of a set of well-defined criteria.
2. Admit Your Mistakes Early
Successful investors know that no matter how great their investment strategy is, it is never hundred percent accurate. They know that no matter how smart or experienced they are, they too make mistakes. The difference between successful investors and average investors is that the former admit their mistakes early.
Once successful investors know they have made a wrong investment decision (the stock price moves against them), they will sell and minimize their losses immediately. On the other hand, most average investors hate to admit that they made a bad decision. They will start giving excuses and hold on to their bad investments in dissent.
As a result, they make huge losses that wipe out any gains they may have made in the past. As quoted by legendary billionaire investor George Soros, master investors know that they may be wrong from time to time. However, if they minimize their losses by admitting their mistakes early, they will still make huge profits from the gains they make from their good investments.
3. Become An Expert and Don't Rely on Experts
The third success habit of successful investors is that they only make investments in areas in which they have an expertise. Great investors make investment decisions with a high probability of success not because they are lucky or because they have a crystal ball.
Their successful track record comes from the fact that they have a tremendous depth of knowledge and expertise in their area of investments. All this comes from hours of research and study. Warren Buffett is so good at being able to pick companies that will increase in value simply because he has a very good understanding of how businesses work.
He will spend hours reading the company's annual reports and dissect every piece of information before making a decision. The reason why Warren Buffett makes very few bad decisions is because he only invests within his circle of competence. He only invests in businesses which he knows and understands inside out.
The reason why Buffett avoided investing in any Internet businesses during the dotcom boom of 1998-2000 is because he did not understand their business models. By so doing, he avoided one of the greatest market crashes in recent history.
4. When there is Nothing to Invest in, Don't invest
One of the main reasons why many professionally managed funds are not able to consistently beat the S&P 500 is because they are required to invest 80% of their funds into the market at any one time. If they were to hold more than 20% of their assets in cash, they will be criticized for not putting the money to work.
The problem is that it is not always a good time to invest and you will not always find investments that match the investment criteria of a successful investment. By constantly having to be invest in the market; they suffer as much losses from bad investments as they do enjoy the gains from good ones.
The trouble is many amateur investors make the same similar mistake and are quick to jump into the first investment that comes along. One thing I have noticed about all great investors and traders is that if they cannot find an investment that confidently meets all their criteria, they do not invest or trade.
Successful investors have the patience to wait indefinitely until they find an investment with a very high probability for success and a low risk of loss. Only then do they make the confident decision of taking a large position.
5. Take 100% Responsibility for Your Results
As a successful investor, you must have the attitude of taking full responsibility for the results you have acquired, both success and failure. Lousy investors tend to give excuses and lay blames whenever they lose money. Their usual responses include: "my broker gave me the wrong advice", "the market went against me" or it's just bad luck.
As a result of not admitting that they made a wrong decision, the average investor does not learn from his mistakes to become a better investor. Successful investors are the first to admit that they made the wrong decisions and used the wrong strategy. They learn from their mistakes, become wiser and move on to their next investment.
6. Be Passionate About Investing
Passion is the most important ingredient for being successful in any field of endeavour. The world of investing is no different. If you do not enjoy looking at charts and studying financial data from annual reports, then you will never be a successful investor.
If you are purely investing with the motivation to make a quick buck then you will probably be like the majority of people who will lose money and give up. Tiger Woods did not chose to play golf because of the money; it was because he loves the game.
Why is passion so important to success? Remember that to be good in anything, you have to be an expert in it! The only way you can be an expert in something (i.e. investing) is to live, breathe, eat and sleep investing.
When an investment guru listens to the weather forecast, he thinks of how it will impact oil prices and energy stocks. When he shops at the supermarkets, he notices the best selling products and the companies (stocks) that sell it!
When he reads the news to find that interest rates are rising, he thinks about how it will affect bond prices and financial stocks. The only way you can be totally focused in something is if you truly have a passion for it.
7. Reduce Risks & Maximize Returns
The average investor believes that in order to make high returns from investing, he has to take big risks! The successful investor on the other hand is usually risk averse. He believes that returns are not related to risk.
Instead, risk comes from not being an expert at what you are doing. The master investor will only invest if he finds an investment with a very high probability of success, one with very high potential upside with limited downside. So, only invest with minimal risks and very high returns.
With these 7 success habits in mind, you are well on your way to successful investing!
Article Source: http://www.articlehighlight.com
Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his millionaire investing secrets and claim your FREE bonus chapter of his latest bestselling book 'Secrets Of Millionaire Investors' at Secrets Of Millionaire Investors.
June 30, 2008
All About Commodity Trading
By Arman029 Arman029
Online futures trading offers many things. Online futures trading is all about guessing the prices of commodities in near future and investing in them. A lot of people have gained huge amounts of money online through this type of business.
Online futures trading is quite different from common trading of bonds and stocks because the traders do not actually possess anything at the end of the day. In fact, the traders are speculating the future direction for the price of a commodity that they are trading over the Internet.
In other words, it is a kind of bet in which one has to guess whether the prices of a commodity will decrease or increase in the near future. The traders have to deposit money with the brokerage firms for insuring that they will pay for the losses if their trade loses money.
Online futures trading offer a form for the protection of the price for the people who are investing and trading. For example farmers can sell their corn futures on their crops if they think that the price will fall down before harvesting, while the cereal manufacturers can buy the futures if they assume that the prices of corn will rise before harvesting.
Regardless of the movement in the prices, both the buyers and the sellers are guaranteed with their money. Other people involved in the deal are the investors who never see the floor of trading but do online futures trading and look to get advantages by selling or buying futures for a profit.
Those who are interesting in earning money can consider doing online futures trading as it is one of the best business ventures that has given profit to various investors, sellers as well as buyers. If you are a beginner and do not know about the tactics of trading or you do not have enough time to fully concentrate on this business, then you can rely upon the futures trading brokers who not only will advise you on the trades but will also help in making them. You must remember that online futures trading basically involve making trades on your own.
Since this type of trading require you to handle your own accounts, you must take some time and research the market inside as well as out. You can even refer to online and local futures investing guides and also find some in the local library of your area.
There are also some futures replicated trading programs that are run by the futures brokers and allow the users to do trading without the need to use their own money. This way, the users can get an idea about whether they are still ready for doing the trading themselves or not.
You can see that although online futures trading is not everybody’s cup of tea, but with such features like above mentioned, you can at least try your hand at the business, learn the tactics and start earning money with online futures trading as far as you know what you want to do and get ready for the risk involved in the business. There is a large number of websites that offer information as well as tutorials through which you can educate yourself and know the tactics and systems of trading.
There are also different types of charts and software programs that are specifically designed for helping people who want to know the basics about online futures trading.
Article Source: http://www.articlehighlight.com
Arman is author of this article on Futures & Options Educational Resources. Find more information about Simulated Futures Practice Account here.
Online futures trading offers many things. Online futures trading is all about guessing the prices of commodities in near future and investing in them. A lot of people have gained huge amounts of money online through this type of business.
Online futures trading is quite different from common trading of bonds and stocks because the traders do not actually possess anything at the end of the day. In fact, the traders are speculating the future direction for the price of a commodity that they are trading over the Internet.
In other words, it is a kind of bet in which one has to guess whether the prices of a commodity will decrease or increase in the near future. The traders have to deposit money with the brokerage firms for insuring that they will pay for the losses if their trade loses money.
Online futures trading offer a form for the protection of the price for the people who are investing and trading. For example farmers can sell their corn futures on their crops if they think that the price will fall down before harvesting, while the cereal manufacturers can buy the futures if they assume that the prices of corn will rise before harvesting.
Regardless of the movement in the prices, both the buyers and the sellers are guaranteed with their money. Other people involved in the deal are the investors who never see the floor of trading but do online futures trading and look to get advantages by selling or buying futures for a profit.
Those who are interesting in earning money can consider doing online futures trading as it is one of the best business ventures that has given profit to various investors, sellers as well as buyers. If you are a beginner and do not know about the tactics of trading or you do not have enough time to fully concentrate on this business, then you can rely upon the futures trading brokers who not only will advise you on the trades but will also help in making them. You must remember that online futures trading basically involve making trades on your own.
Since this type of trading require you to handle your own accounts, you must take some time and research the market inside as well as out. You can even refer to online and local futures investing guides and also find some in the local library of your area.
There are also some futures replicated trading programs that are run by the futures brokers and allow the users to do trading without the need to use their own money. This way, the users can get an idea about whether they are still ready for doing the trading themselves or not.
You can see that although online futures trading is not everybody’s cup of tea, but with such features like above mentioned, you can at least try your hand at the business, learn the tactics and start earning money with online futures trading as far as you know what you want to do and get ready for the risk involved in the business. There is a large number of websites that offer information as well as tutorials through which you can educate yourself and know the tactics and systems of trading.
There are also different types of charts and software programs that are specifically designed for helping people who want to know the basics about online futures trading.
Article Source: http://www.articlehighlight.com
Arman is author of this article on Futures & Options Educational Resources. Find more information about Simulated Futures Practice Account here.
May 22, 2008
Habits to Guarantee Financial Independence!
By Sudhir.k.Pandit
Are you always running short of your funds? Do you still have to borrow money sometimes to at least live comfortably? Do you get to pay your bills on time?
If you answered mostly yes, then you are in danger of being financially unstable. You cannot afford the things you want and sometimes, even the things you need. Don’t go sulking out there! You better move your body. If such is the case, better tell yourself that you cannot afford to be that way always. You have to be financially independent.
What is financial independence? Financial independence is the capability to determine and support yourself through your own endeavors. There are 7 ways or habits for you to follow to gain financial independence. With the right attitude and the proper goal in mind, you might just find yourself beaming with pride because of your achievement.
1. Keep a focused vision
Start with a vision. What is your vision for your life? Where are you definitely heading? You want financial independence. You want to be able to stand on your own and have a more stable and secured life, for yourself and for your family.
Keep that vision in mind. Hold on to it as you start to realize that vision. The choices and decisions you will make in the future will have to head to the direction of your goal. Return to that vision when things get doubtful or tough.
2. Invest your money wisely
Generate income. Your income will be the financial foundation of your vision. This will basically come from your job’s income, but don’t settle with that.
Aim to increase your income. Invest your time, money and effort into a beneficial enterprise. Start a business that you feel passionately about and make sure it will work. Think carefully of every detail in your enterprise and work on it. Do not settle with good enough results. Aim for excellence, quality and integrity to succeed.
3. Save up
Start a fund for your future. Allot a percentage of your present income to savings. Do this at the start of each month, before you go ahead. This will avoid the enticement to buy, buy, and buy. It will also teach you how to properly budget your money for necessary expenses.
Money in the bank could also earn interest. Although it is not considerable compared to a good investment, it is still a good way to keep money for your future. Just make sure you maintain the money in your savings account. Avoid touching it unless it is really necessary.
Give value also to your coins. Every single cent matters. All of those scattered coins you have there could comprise a few dollars. Even if it is considerably small amount, it will still find some use for that.
4. Spend wisely
Don’t spend all your earnings. As they say, don’t earn to spend. Buy only things that you really need. Tighten those belts for now as you bank for a more secured future. Choose to live simply. Forget the need to show off on other people that you can afford. If you want achieve financial independence, you must hold on to your money as much as possible.
Avoid incurring debts as much as possible. Take control of your finances as much as possible. Credit cards for example could hold you locked in a desperate state. You could be getting what you want now through that credit card, but imagine yourself giving the bulk of your income for interest payments! Make ends meet in the meantime for later on in life, you will surely afford to be leisurely.
5. Keep contingency plans
You must plan ahead for events in the future. Have contingencies. Make certain that your financial assets are secured. At this phase, it is a good option to get an insurance policy. Insure your life, health and property, even your loved ones.
Protect your interests whenever you enter into any engagement. Make sure that your endeavor is legal, that you are financially capable, and that it is feasible within your means. This way, you will have optimal performance and desirable results. You could prevent harmful losses in the long run.
6. Take care of yourself
Health is wealth. The only way for you to achieve your dreams and be able to stand on your own is when you are physically and psychologically able to do so. Have regular check ups with your physician. Have a healthy diet. Exercise Regularly. Health will be your asset to achieve financial independence. Only a good physical standing would allow you to enjoy the fruits of your toils today.
7. Be Unstoppable
You must keep yourself focused to achieve the goal of being financially independent. Do not let yourself be distracted by whimsical desires. Do not spray. Do not procrastinate. Every cent and every minute counts as what you do today will have a lot to say on what you will have in the future. Take advantage of every opportunity that will come your way. Keep yourself confident.
Tell yourself, you will not be a loser in this game. You have to make it!
Article Source: http://www.articlehighlight.com
Did you find this article useful? For more useful tips and hints, points to ponder and keep in mind, techniques, and insights pertaining to financially independent, do please browse for more information at our websites. www.1morecard.com
Are you always running short of your funds? Do you still have to borrow money sometimes to at least live comfortably? Do you get to pay your bills on time?
If you answered mostly yes, then you are in danger of being financially unstable. You cannot afford the things you want and sometimes, even the things you need. Don’t go sulking out there! You better move your body. If such is the case, better tell yourself that you cannot afford to be that way always. You have to be financially independent.
What is financial independence? Financial independence is the capability to determine and support yourself through your own endeavors. There are 7 ways or habits for you to follow to gain financial independence. With the right attitude and the proper goal in mind, you might just find yourself beaming with pride because of your achievement.
1. Keep a focused vision
Start with a vision. What is your vision for your life? Where are you definitely heading? You want financial independence. You want to be able to stand on your own and have a more stable and secured life, for yourself and for your family.
Keep that vision in mind. Hold on to it as you start to realize that vision. The choices and decisions you will make in the future will have to head to the direction of your goal. Return to that vision when things get doubtful or tough.
2. Invest your money wisely
Generate income. Your income will be the financial foundation of your vision. This will basically come from your job’s income, but don’t settle with that.
Aim to increase your income. Invest your time, money and effort into a beneficial enterprise. Start a business that you feel passionately about and make sure it will work. Think carefully of every detail in your enterprise and work on it. Do not settle with good enough results. Aim for excellence, quality and integrity to succeed.
3. Save up
Start a fund for your future. Allot a percentage of your present income to savings. Do this at the start of each month, before you go ahead. This will avoid the enticement to buy, buy, and buy. It will also teach you how to properly budget your money for necessary expenses.
Money in the bank could also earn interest. Although it is not considerable compared to a good investment, it is still a good way to keep money for your future. Just make sure you maintain the money in your savings account. Avoid touching it unless it is really necessary.
Give value also to your coins. Every single cent matters. All of those scattered coins you have there could comprise a few dollars. Even if it is considerably small amount, it will still find some use for that.
4. Spend wisely
Don’t spend all your earnings. As they say, don’t earn to spend. Buy only things that you really need. Tighten those belts for now as you bank for a more secured future. Choose to live simply. Forget the need to show off on other people that you can afford. If you want achieve financial independence, you must hold on to your money as much as possible.
Avoid incurring debts as much as possible. Take control of your finances as much as possible. Credit cards for example could hold you locked in a desperate state. You could be getting what you want now through that credit card, but imagine yourself giving the bulk of your income for interest payments! Make ends meet in the meantime for later on in life, you will surely afford to be leisurely.
5. Keep contingency plans
You must plan ahead for events in the future. Have contingencies. Make certain that your financial assets are secured. At this phase, it is a good option to get an insurance policy. Insure your life, health and property, even your loved ones.
Protect your interests whenever you enter into any engagement. Make sure that your endeavor is legal, that you are financially capable, and that it is feasible within your means. This way, you will have optimal performance and desirable results. You could prevent harmful losses in the long run.
6. Take care of yourself
Health is wealth. The only way for you to achieve your dreams and be able to stand on your own is when you are physically and psychologically able to do so. Have regular check ups with your physician. Have a healthy diet. Exercise Regularly. Health will be your asset to achieve financial independence. Only a good physical standing would allow you to enjoy the fruits of your toils today.
7. Be Unstoppable
You must keep yourself focused to achieve the goal of being financially independent. Do not let yourself be distracted by whimsical desires. Do not spray. Do not procrastinate. Every cent and every minute counts as what you do today will have a lot to say on what you will have in the future. Take advantage of every opportunity that will come your way. Keep yourself confident.
Tell yourself, you will not be a loser in this game. You have to make it!
Article Source: http://www.articlehighlight.com
Did you find this article useful? For more useful tips and hints, points to ponder and keep in mind, techniques, and insights pertaining to financially independent, do please browse for more information at our websites. www.1morecard.com
April 20, 2008
Healthy Financial Status - How Can You Get It?
By Jerry Leung
A healthy financial status means that one is debt free, and at the same time one can save some money each month. Of course one should also reserve some money for investment every month. However, do you know how you can attain this status?
In fact, it is worth working a little bit in order to become financially healthy. At least there is no point to make yourself in debt. As a matter of fact it is not easy for one to do this. Yet there are some steps you can take in order to become financially healthy.
First of all, it is about the debt. It is not really easy to have a totally debt free life. Having a mortgage should be alright as long as you are able to pay for it every month. However, you should avoid other debts such as credit card debts. You should never use the cards if you know you cannot pay it off within the grace period. A lot of people are in credit card debt nowadays and you should try your best to stay away from this kind of debts.
You should also try to keep track of your expenses. Most experts will advise you to create a spending log. In fact it is always a good idea to do so. This is even more important if you are a person who loves to use credit cards. Since you will only get your statement once a month. You may spend more than you expect if you do not keep track of your purchases with the cards. Whenever you pay with your credit cards, you should drop a note. You should try to calculate the total purchasing amount with your cards. This will remind you so that you will not be out of your personal budget.
It is also important for you to understand your sources of income. This is done so that you will know the total amount you can make every month. Of course you will also try to write down the regular expenses so that you know how much will be left. Remember to include the amount of money to be saved, as well as the amount for investment. It is recommended that you save at least 5% of your income. And it is always a good idea to reserve another 5 to 10% for investment.
If you can follow the above steps, you will find that you can have a healthy personal financial status easily!
Article Source: http://www.articlehighlight.com
The author has great interest in finance. You can check his blog on Personal Finance. Be sure to check Making Money with Global Forex and Applying Credit Cards.
A healthy financial status means that one is debt free, and at the same time one can save some money each month. Of course one should also reserve some money for investment every month. However, do you know how you can attain this status?
In fact, it is worth working a little bit in order to become financially healthy. At least there is no point to make yourself in debt. As a matter of fact it is not easy for one to do this. Yet there are some steps you can take in order to become financially healthy.
First of all, it is about the debt. It is not really easy to have a totally debt free life. Having a mortgage should be alright as long as you are able to pay for it every month. However, you should avoid other debts such as credit card debts. You should never use the cards if you know you cannot pay it off within the grace period. A lot of people are in credit card debt nowadays and you should try your best to stay away from this kind of debts.
You should also try to keep track of your expenses. Most experts will advise you to create a spending log. In fact it is always a good idea to do so. This is even more important if you are a person who loves to use credit cards. Since you will only get your statement once a month. You may spend more than you expect if you do not keep track of your purchases with the cards. Whenever you pay with your credit cards, you should drop a note. You should try to calculate the total purchasing amount with your cards. This will remind you so that you will not be out of your personal budget.
It is also important for you to understand your sources of income. This is done so that you will know the total amount you can make every month. Of course you will also try to write down the regular expenses so that you know how much will be left. Remember to include the amount of money to be saved, as well as the amount for investment. It is recommended that you save at least 5% of your income. And it is always a good idea to reserve another 5 to 10% for investment.
If you can follow the above steps, you will find that you can have a healthy personal financial status easily!
Article Source: http://www.articlehighlight.com
The author has great interest in finance. You can check his blog on Personal Finance. Be sure to check Making Money with Global Forex and Applying Credit Cards.
April 10, 2008
Expenses on Education - Money Saving Tips
By Jerry Leung
It is very common for college student to take student loans. However, one problem of this phenomenon is that the students will be in debt once they leave the college. As we all know, it is always good to have a debt free life. Yet it seems that it is quite impossible to do so if we are in debt once we graduate.
The fact is that it is also quite impossible for college students to stay away from the loans. However, a student should try to find ways to borrow less so that they can have an easier life after they leave school. Here are some tips for these students.
The first thing a student should do is to look for scholarships. You may think that scholarships are only for a few people and most students will not be able to get it. It is true that it will be ridiculous if every student can have a scholarship. However, you should try to at least apply for them. You should try to find scholarships available. You should also need to make sure that you are qualified to apply for it otherwise it will be just a waste of time.
If you can afford the time, you should take a part time job. The nature of the job is not an issue as long as it is not something illegal. It will be a good idea to have a part time job to fund your education. However, you will need to have a balance between your time for working and studying. You should try to focus on studying instead of working. You have to always remember that you are just working in order to fund your education.
However, during the summer vacation, you should work harder so that you can have more fund for your education after the vacation. There are students who are reluctant to take any summer job but you should not be like that if you would like to make your debt burden smaller after you leave the college.
If possible, the last thing you should do is to try to find a less expensive college. In most cases how much you learn does not have any correlation with how much you pay for the education. However, we usually have our own preference for colleges. As a result, you may not consider this method unless it is totally impossible for you to fund your education.
Article Source: http://www.articlehighlight.com
The author has great interest in finance. You can check his blog on News Finance Forex and Debt Management. Be sure to check Credit Cards with Cash Rebate and Top Five Forex Trading Tips.
It is very common for college student to take student loans. However, one problem of this phenomenon is that the students will be in debt once they leave the college. As we all know, it is always good to have a debt free life. Yet it seems that it is quite impossible to do so if we are in debt once we graduate.
The fact is that it is also quite impossible for college students to stay away from the loans. However, a student should try to find ways to borrow less so that they can have an easier life after they leave school. Here are some tips for these students.
The first thing a student should do is to look for scholarships. You may think that scholarships are only for a few people and most students will not be able to get it. It is true that it will be ridiculous if every student can have a scholarship. However, you should try to at least apply for them. You should try to find scholarships available. You should also need to make sure that you are qualified to apply for it otherwise it will be just a waste of time.
If you can afford the time, you should take a part time job. The nature of the job is not an issue as long as it is not something illegal. It will be a good idea to have a part time job to fund your education. However, you will need to have a balance between your time for working and studying. You should try to focus on studying instead of working. You have to always remember that you are just working in order to fund your education.
However, during the summer vacation, you should work harder so that you can have more fund for your education after the vacation. There are students who are reluctant to take any summer job but you should not be like that if you would like to make your debt burden smaller after you leave the college.
If possible, the last thing you should do is to try to find a less expensive college. In most cases how much you learn does not have any correlation with how much you pay for the education. However, we usually have our own preference for colleges. As a result, you may not consider this method unless it is totally impossible for you to fund your education.
Article Source: http://www.articlehighlight.com
The author has great interest in finance. You can check his blog on News Finance Forex and Debt Management. Be sure to check Credit Cards with Cash Rebate and Top Five Forex Trading Tips.
April 8, 2008
Do You Need A Financial Adviser?
By Rachel Yoshida
If you have spent years putting away a little money here and there in a regular old bank savings account that is really not growing your money as much as you would like, maybe it is time for you to think about a professional financial adviser. Sometimes when people get a little nest egg saved away, they are afraid to take any chances in investing it anywhere for fear of losing it.
This is a real fear and a real risk. We all know how difficult it is to save even a little money and when you have managed to save away several thousand or more, it is scary to think about risking it in any way even on the chance that we could double or triple the amount. A bird in the hand you know. There are some fairly safe ways to invest your savings today. The thing about doing it is that your average person does not know the difference between an IRA and a 401K.
A professional investment broker might cost you a little money to employ, but it could very well be worth it even you do not have a huge sum of money to work with. They know all the ins and outs of the financial world that we would be lucky to understand even if we tried. If you seek the opinions and help of a financial expert, you will need to make sure that they are affiliated with the FSA, Financial Services Authority. This way you will know that you are dealing with someone who has met the requirements to legally advise you.
You could choose to let your money sit in an account that will only earn you meager interest every year or you can choose to make it work better for you. If you have a local bank that you use, you might consider talking to them first and they might be helpful in giving you some better ways to help your money grow. This advice is likely to be free, but you should make sure you know all the details about any investment ventures that you choose.
If you use the internet, you can find free information about all types of money market accounts and how to find out what types of investments might be right for you before you do any actual investing. Arming yourself with as much knowledge as you can makes investing a lot safer.
Article Source: http://www.articlehighlight.com
Rachel Yoshida is a writer in the field of finances and is currently assisting those in need of no fax payday loans, and can help anyone get a Los Angeles payday loan in as little as 1 hour.
If you have spent years putting away a little money here and there in a regular old bank savings account that is really not growing your money as much as you would like, maybe it is time for you to think about a professional financial adviser. Sometimes when people get a little nest egg saved away, they are afraid to take any chances in investing it anywhere for fear of losing it.
This is a real fear and a real risk. We all know how difficult it is to save even a little money and when you have managed to save away several thousand or more, it is scary to think about risking it in any way even on the chance that we could double or triple the amount. A bird in the hand you know. There are some fairly safe ways to invest your savings today. The thing about doing it is that your average person does not know the difference between an IRA and a 401K.
A professional investment broker might cost you a little money to employ, but it could very well be worth it even you do not have a huge sum of money to work with. They know all the ins and outs of the financial world that we would be lucky to understand even if we tried. If you seek the opinions and help of a financial expert, you will need to make sure that they are affiliated with the FSA, Financial Services Authority. This way you will know that you are dealing with someone who has met the requirements to legally advise you.
You could choose to let your money sit in an account that will only earn you meager interest every year or you can choose to make it work better for you. If you have a local bank that you use, you might consider talking to them first and they might be helpful in giving you some better ways to help your money grow. This advice is likely to be free, but you should make sure you know all the details about any investment ventures that you choose.
If you use the internet, you can find free information about all types of money market accounts and how to find out what types of investments might be right for you before you do any actual investing. Arming yourself with as much knowledge as you can makes investing a lot safer.
Article Source: http://www.articlehighlight.com
Rachel Yoshida is a writer in the field of finances and is currently assisting those in need of no fax payday loans, and can help anyone get a Los Angeles payday loan in as little as 1 hour.
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