The foreign exchange market is one of the largest markets in existence today, with a turnover of more than 5 trillion dollars in a single investing day, which is remarkable considering it only deals in a single commodity and has no physical location where trading can occur. It deals primarily and singularly on the buying and selling of currencies in the world money market, and the essence of the trades done here is that one hopes to purchase a...more
When considering to join the paper trade, you are about to embark on a journey of some tough learning, especially when you do not have any prior experience on the Forex market and have only been dealing with some minimal stocks and bonds trading. This seems to be the popular transition for a lot of part time and retail investors of late; who have absconded with their money away from the receding economy and the affected stock market and have...more
When looking at the Forex market, there are quite a few things you need to consider (one of them being Forex signals) about before you decide to deal with a volatile market and in actuality, the market is a very densely populated one, with undergrowth of information that you would not believe. In fact, the amount of data on the paper trade alone can fill and have filled entire volumes of books on many experts who have many differing views on how to tackle the market. The good thing about this is that approaches can be highly customised and now one success technique will mirror another one. With the diverse range in fundamental and technical analysis alone, you will be spoilt for choice in the good sense and drowning in information on the other. One way to combat this is to get a good grasp of Forex signals, which is one of the most important factors within the paper trading environment and this article will tell you why. Forex signals will essentially tell you when and how and what the market might turn out to be in the next few moments or even months (depending on your modus operandi of trade) and many investors sometimes gravitate their entire strategic decision making process...more
Surprisingly, many people don't have an emergency fund. Having cash on hand is a requirement for paying for life's little unexpected bills. It's absolutely invaluable and is exactly how people are able to live debt-free lives without relying on credit cards and loans when emergencies or unexpected expenses present themselves.Some people argue that...more
The younger you are, the easier it is to ignore what's going on with the economy and the effects of the financial crisis on your personal finances. You can afford to be more optimistic about your financial future because you have so many years ahead of you before you need to worry about retiring.The closer you are to retirement, the more concerned...more
Whether you join a networking group or you're trying to get your clients to refer others to you, one thing's for sure, when the referrals show up, you want them to be qualified referrals.Let's face it, it's great when more people show up to do business with us, but it's also disappointing when you we out that they're not really your ideal prospect.So what are some strategies for generating qualified referrals so that when they show up, you're both thrilled to have found each other and the referral is eager to do business with you.Get clear on who you want:The very first step would be to get clear on who you want as a referral. For example, if you are a CPA, and you ask others to send referrals to you, how do you describe your ideal referral? The description has to be so clear that the person referring others to you can easily identify who you're looking for. So instead of saying "Anyone looking for a CPA" it may be clearer to describe the specific person and also the problem you solve for them. For example, "Solo entrepreneurs who are struggling with their business accounting."Make it easy to refer:In my opinion, one of the easiest ways to have someone refer to you is to have...more
It is the end of the first quarter and time to check the score.Just as planning your goals for the coming year should always begin with a look back at the year in review, so planning your business for the rest of this year should take a look back at...more
When people work together, they usually follow a number of related actions or a process. Processes reduce uncertainty by making it clear who needs to do what, when, and with whom, and ensure that important actions are not forgotten.Some of the great...more
Often companies believe that they can only dominate their market if they are the biggest players around, having the most money to invest or having the most customers - this is a myth. Most definitely being a big player with a lot of money to invest...more
The stock market is a tough game to monitor with many players playing and large amounts of money at stake. Large volumes of securities are bought, sold and traded and not everyone is interested in playing by the rules. Many have more sinister plans...more
Most of us remember the dubious "doctor" in Huckleberry Finn who proclaims to have the cure for any malady. From the back of the crowd his shill would loudly proclaim that he himself had been healed by the magical elixir. Oh my, but the quantity of...more
Amid recent news reports that there continues to be an ongoing and substantial gap between the net worth of Whites and other racial groups, it is easy to be distracted and overwhelmed by the raw data.However, I am immediately reminded of a quote...more