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[ April 3, 2006 at 8:42 am ]

Before we go into 7 rules of Forex Trading, that have been approved by a number of full time and successful traders, I’d like to narrate this story.
There was a lion, a donkey and a fox all keen to go out rabbit hunting together. After a productive day of hunting, the three of them sit around the pile of rabbits and the lion asks the Donkey, “Mr Donkey, would you please divide the pile into equal shares for the 3 of us?”. The Donkey obliges and counts the rabbits into three equal piles for each of them. The Lion immediately roared and pounced him. He then piled all the rabbits on top of the donkey and asked the Fox “Mr Fox, would you please divide the rabbits up evenly between us?”. The Fox takes out 1 scrawny rabbit from the pile and puts it in a pile for himself then …

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[ April 3, 2006 at 8:41 am ]

It is relatively simple to create a profitable system for trading forex, stocks, or commodities on paper, but it is not easy to successfully implement the system once it is created. While the primary forces underlying market behavior are fear and greed, the primary cause of unprofitable trading is IMPATIENCE, which may very well be a subset of both fear and greed.
A profitable trading system requires three basic elements and three fundamental characteristics. The basic elements are a strategy for entering positions, a strategy for protecting positions from unacceptably large losses, and a strategy for exiting positions with a profit. The fundamental characteristics of a profitable trading system are that winning trades are on average larger than losing trades, that the number of winning trades is larger than the number of losing trades, and that the frequency of trading signals is high enough to keep the attention of the trader …

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[ April 3, 2006 at 8:41 am ]

Today I would like to talk with you about a few very important rules of investing in the Forex market. If you follow these rules, you will most surely come out on the winning side in the long run.
Rule number 1 is never risk more money than you can afford to lose. No trader is perfect, you are going to have losing trades. There is no system you can learn that wins all the time. So expect to lose some money.
Rule number 2 is to cut your loses short and let your winners compound to greater gains. The secret to not losing your shirt is to use stop loss orders consistently and not let your emotions rule your trading. It’s better to lose a little and get out of a trade than to hope that things will turn around and suffer a devastating loss. If you are using the proper …

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[ April 3, 2006 at 8:39 am ]

Credit cards + Interest = Debt
Credit cards are not the problem. It’s your buying patterns that create any problems. How do you avoid debt?
Don’t buy anything you can’t afford. Simple.
People don’t save money like we used to. We want things now. Things before we can afford them. But it actually is not too long to wait to save/have the money to buy most of the things we want. Especially if we aren’t paying compounding interest on the things we’ve already bought. If we pay once, things are so much cheaper.
If you can’t manage your credit cards – don’t pay them off every month, put them away. Use them when you need to rent a car, or something, nothing else. So basically, credit cards are for convenience – you have the money, but it isn’t in the form you want. Even better would be to use a debit card – direct …

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[ April 3, 2006 at 8:38 am ]

People go into debt for a lot of reasons. Maybe you purchased a new home or car that was above your means, and now you’re struggling to pay it off. Perhaps you lost your job, and ran up your credit card bills on necessities. Perhaps you got into debt through gambling. The reasons for being in debt are as unique as the people suffering from debt. The key is in knowing when your debt has simply piled too high, and then being able to make an action plan to reduce or consolidate your debt. Here are ten warning signs that you may be in too much debt:
1. You’re living paycheck to paycheck. If your bank account runs dry towards the end of the week, before you get your next paycheck, you’re probably in over your head with debt. You should be able to pay your necessary bills, and still have …

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[ April 3, 2006 at 8:37 am ]

Debt settlement can be done in various ways. Negotiate for lower mortgage and refinance rates. You can approach the credit agency or the bank for a lower rate of interest when the government announces a lower rate of interest. In this way, you have to pay lower interest rates. Isn’t that just splendid. This is because if the interest rates move north or increase, then the lenders will just increase the tenure of your debt. They will ensure that you pay up when the rates increase. However they may not give you rebate when the interest rates go down. It’s in your own financial interest to keep track of the interest rates.
Financial prudence will go a long way in helping you to lead a good life and help you tide of the debts that you might have. Save for the things that you want to buy. Little patience will go …

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[ April 3, 2006 at 8:36 am ]

Those who are in debt need a mechanism or tools to help them get out of it. Debt reduction tools are ways to make the burden less. The best reduction tool is the concept of planning for the future and your expenditure. There are also many financial debt consultants, who can make the repayment of your debt easier. These consultants can negotiate to get the tenures extended or get you further loans to pay back the existing loan. At times this strategy can help and at times, this may also backfire.
The concept of budgeting is very old. Budget means to map out the incomes, expenditures and any unforeseen expenditure that you might have. Therefore when you look at the monthly incomings and outgoings, you would find that budgeting can be used as a debt reduction tool, which is very beneficial. Write down the incomes, that you receive from all sources …

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[ April 3, 2006 at 8:35 am ]

Debt is an important part of the financial investment. However many times we take debt and are not able to repay back the same. Debts can be small term, medium term as well as long term. Small term loans are those which last up to a year. While medium term loans qualify as those which can be repaid in a time of 5 years. Debts, which have tenure more than these, are classified as long-term loans.
Those who are steeped in debt can do well with a bit of advice. It’s important that there should be a balance between the income and the expenditure. When expenditure is more than the income, debts have to be taken to cover for the expenditure. Thus when you have lots of debts, this type of free debt management advice is easily available over the net. It might not be situation specific, however there are certain …

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[ April 3, 2006 at 8:34 am ]

Debt is a financial burden when not repaid in time. Debt is also an essential part of fueling future financial growth. When debt starts accumulating and it becomes difficult for the person or corporation to re-pay their loans (the principal as well as interest), the time is right for a debt help team to walk in and help those in need.
There are specialized financial consultants who will assess the types o loans that you have taken and how best you can repay them. When it comes to helping you with the debts, a good debt help team will ensure that the debt is mapped out before they can proceed further. At times people have taken a number of small loans, the cumulative of which can be a huge sum.
Think in terms of 15 $100 loans, cumulative sum is $1500. This can be in terms of small payday loans, loans from …

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[ April 3, 2006 at 8:33 am ]

Incurring huge debts can be great financial burden on a person or a company. Along with the capital that has to be paid back, there are hug interest costs, which must also be paid back. In case you are unable to pay back the interest amount, you would take short-term loans. Therefore to re-pay a loan, you would take additional loan. In this way, you would end up in a debt trap. This can lead to bankruptcy as well as loss of faith and face. As well as a bad credit report, which can take a long time to clean up.
Therefore its essential that debt relief today should be done. Debt relief today makes you free from the financial burden and helps you to invest and save for the future. For getting out of debt, its essential that debt relief should be undertaken today and as fast as possible. Therefore …

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[ April 3, 2006 at 8:31 am ]

It’s important that you know the amount of debt that you have taken, small loans and debts can add up to a sizable lot. For example if you have taken 5 $100 loans, it amounts to $500 debt. A sizable amount of loan to repay for many people. Not only does the principal have to be paid but also the interest payments.
Assuming that loans are carrying a 10% interest, you would be making a $50 per month interest payment. This means that you would be making $600 in interest payments only. Therefore the interest payments and the principal work out to be $1100. Thus the cumulative effect is much more than just the single $100 debts that you would have taken. When you want to get out of debt this debt relief will ensure that you can have a sound financial future. The same applies for all the loans whether …

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[ April 3, 2006 at 8:31 am ]

There are a number of debt management non profit groups that can and will be really helpful to you. I don’t pretend to be a resource that knows everything about every organisation, so I apologise here and now for my ignorance about other groups. I have no doubt that there are hundreds of debt management non profit groups that can assist you.
In the USA, from what I have seen and read, the Consolidated Credit Counseling Service seems to be a useful organisation. The CCCS aims to help families end financial crisis by offering guidiance and money management education.
Not being an American or having debts in the US, I have no firsthand experience of their work. However, they do claim that their size offers bargaining power with lenders which they use to have fees and penalties waived on your behalf. On it;s own, that could be a big reason to speak …

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[ April 3, 2006 at 8:30 am ]

1. Be honest about it.
If you need to ask a lender for help, tell them why and be honest. If it gets worse in the future, and you lied at the outset, you’ll get no help later on. In all areas of money, and life for that matter, having a reputation for honesty will always win through.
If you are being honest, don’t just include the bank manager. Be honest with your spouse or partner and family. If you need help, financial or emotional, explain why honestly and I’m sure you’ll get some of the support that you need. And if they can only give you some help, thank them, honestly, be greatful and accept it.
Could there be any more important life or debt management tips than that?
You may be ‘protecting’ him or her by not revealing the truth, but when they see you as an unreliable liar when the truth …

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[ April 3, 2006 at 8:29 am ]

For most of us getting into a situation where your debt is out of control is an easy thing to do. Obtaining credit cards and other high interest lines of credit is commonplace and once you have them it is easy to put your purchases on them. Since you don’t have to pay right away you feel like you can afford it, but in reality the interest is piling up each month. One method you can use to get the help you need is a government debt consolidation loan.
The U.S. government has come up with certain loans for people that are struggling under the weight of a heavy financial burden. As with any consolidation loan you can easily move all of your outstanding balances under one umbrella which has several key advantages. The biggest advantage is you will be paying much less interest each month. You will have only one …

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[ April 3, 2006 at 8:29 am ]

Are you stressed out over your mounting debt? If so, and you’re hoping to find a permanent solution to dealing with your debt then debt consolidation may be the answer.
Debt is on the rise. More and more people are using more and more credit cards each year and living well beyond their means. Debt consolidation is often the best solution for those who find themselves buried in a mountain of debt.
Help is out there. There are a myriad of websites that offer debt consolidation information. The key is finding the right program, company or counseling service to best meet your needs.
One of the advantages of debt consolidation is that you can combine all your credit cards and/or loan payments into one more manageable monthly payment which is usually much lower than you were paying for all you individual debts combined. Disadvantages include longer payment terms.
The amount of money you can …