Online Forex Trading Strategy - How to Make Currency Trading Systems Work For You Now that there are hundreds of Forex margin brokers, millions of free Forex trading tips webistes and literally hundreds of thousands of Forex day trading strategy "home based business" Forex traders, we can say that virtually anyone with an internet connection can trade Forex with the pros. In any power trading strategy, a proven trading method will mean that through Forex strategy testing and by using trading risk management, no more than one or two per cent of a total account value is put at risk in a single trade. This is key in the path to big Forex profits. Any trader beginning out will look at the trading methodologies available to them and decide to create trading rules for their Forex trading strategy. Forex trading (currency trading) initiates should be aware therefore not only of technical and fundamental analysis and predicting Forex prices, but also of how to be a trading strategy tester and to have strong Forex trading rules that help them to make the big Forex profits they are seeking. The alternative is to have more experienced Forex trading systems used by more experienced traders end up causing you to lose all your money in your Forex business - the harshest possible outcome. Having the following in place could assist you in getting started right away in Forex trading (currency trading): a Forex trading software platform; a free Forex trading strategy (or a paid for one for that matter); an understanding of fundamental and technical analysis and a trading risk management system. From these elements (and also the support of a daily Forex strategy briefing from a margin broker or some other site) you can start Forex trading in the fx market with your own Forex trading strategy rules. Learning currency trading online needs to begin with sound trading risk management and how to manage your trading account balance by making intelligent risk decisions with your trading account. The risks can be higher with Forex because the moves in a week can be equivalent to a month in stock moves. Volatility is to be expected. Currency trading strategy rules for a Forex business can be developed by amalgamating Forex trading systems of others or simply garnering a Forex education to include: fundamental and technical analysis; trading money management (risk management); a daily Forex strategy briefing from a "third party" and a way of creating Forex forecase signals (in other words a means of predicting future Forex prices from perhaps a technical setup on a currency pair or simply from Forex strategy testing that has been carried out. Forex strategy testing can either be done through using a practice account through your broker or by paper trading your strategy. A third option is to use software such as Forex strategy tester which can run a simulation of what could happen if you trade by your rules with some limitations on accuracy. Free Forex trading strategy tips are available from Forex ebooks webistes all over the web. The truth is that the Forex trading fx market needs to be treated as a business that runs like a Forex trading machine as much as possible. This is key if you are to make big Forex profits in live trading. Lack of regulation means that anyone can sell a "scalping trading strategy" or so-called "foolproof trading method" and make themselves out to be an expert or even say they are a long term bank trader when they are not. There is a need for caution therefore when deciding on where to get your Forex education because not any Forex trading guide is actually going to help in your predicting Forex prices in the near, medium or long terms. It behooves you to go out and look at what is on offer from Forex trading websites and learn more about the global currency markets after you have read this article. Some sites are listed in the resource box at the end to start you off. Trading Forex online then presents challenges. The rest of this article will address those challenges. In order to trade effectively, a Forex trading guide is needed for the initiate in to the Forex markets to be able to learn online currency trading, understand trading risk management and how to manage money, discover technical and fundamental analysis, how these types of analysis of the market differ and how to apply them in creating a Forex trading machine. This means that after all the cogs are set in place you will have a Forex trading machine that enables you to its like a professional and make decisions based in the moment and on the facts that are presented to you, rather than guess or gambling work - although there is invariably an element of risk, your job is to eliminate the risk as much as possible in applying your trading strategy. To make this happen, you will start to think about what you may need in order to implement your trading strategy. For example, will you be needing a daily Forex strategy briefing from either a paid service or a free provider of its strategy briefings - such as perhaps your broker or a third party service. In your technical analysis will you be utilising traditional indicators such as those involved in a bands trading strategy (Bollinger Bands), will you rely on charts created by a its platform or other currency price forecast type service or will you be professional analyst charts to make your decisions? A proven trading method is hard to come by. There are educators who have been trading Forex for banks and other institutions for many years. However they are still going to find it incredibly difficult to pass on their years of knowledge, at least not in the time most people want to go from knowing nothing about Forex trading (currency trading) to being an expert and making money with its as a business. In sum, it is multidimensional. There are several aspects of absolute importance. These include strategy, both in terms of trading and money management, education - both initial and ongoing and focusing in on mastering a specific area whether that be a particular currency pair or aspect within the field - such as global economics of a particular country.ll

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Term Vs Other Life Insurance - Weighing Your Options Life Insurance is a very important component of every individual's financial planning. In India, life insurance has been predominantly sold as a savings cum tax savings tool. The most important reason why life insurance should be bought is to provide security to our family. Most of the people that we have interacted with are ignorant about life insurance and the type of insurance policies they have purchased. Many educated people either don't feel the need to buy life insurance policy or buy during the months of Jan/Feb/Mar just to save on income tax. Unfortunately, this results in lot of people treating insurance as an investment not realizing what they are getting into. With heavy dose of advertisements in various media, we are led to believe that insurance is an investment. Most of the agents who make a living selling insurance products sell insurance policies that fetch them attractive commissions. Let us now understand what life insurance is all about. It is simply a contract (insurance policy) between the insurer (insurance company) and the insured. On payment of the insurance premium, the insurer promises to pay the nominee a sum of money (sum assured) upon the death of the insured person. Life insurance is meant to provide protection to the family and loved ones of an individual so that they don't face financial hardships in case of death of the insured person. Insurance only provides the risk cover. If treated as an investment, the returns are diluted due to high charges. Moreover, you will have to continue paying premium for a very long time. If you come across an agent who says "pay only for 3 or 5 years", it is a signal to stay away from such types of agents. This is a gimmick used to sell the insurance policies. All the illustrations shown by the agent is only a projection. If you do the actual calculation, you will find that the returns over a very long period of time are anywhere between 6 to 8 percent. This is because of the high agency commissions and policy administration charges. There are better avenues available where your investments can generate good returns beating inflation. This way you can avoid high commissions applicable to various investment plans floated by insurance companies. Life insurance has only one purpose and that is to replace the economic loss in the event of the death of the insured person. Life insurance should protect your family from financial disaster in the event of death. In order to arrive at the sum assured, one needs to consider the following: 1) Value of outstanding loans if any 2) Future value of expenses such as education of children and their marriage 3) Calculate amount of money required to be invested in a debt fund which will generate a passive income for the dependent in your absence. This income should be sufficient enough to maintain a decent standard of living. Remember, the amount of insurance cover you need, may change over a period of time. For most, it declines as the obligations towards the family/dependents decline and the value of investments made in various asset classes grow. At some point, it may so happen that you may no longer need insurance cover because you have become financially secured. If you buy other insurance plans and fail to pay the premium after few years, the policy will lapse. Also if the policy is surrendered, you will suffer huge loss as the surrender value will be lower than the total amount of premium that you have paid. When a 30 year old person can buy pure life insurance cover of Rs. 1 crore for approx Rs. 15000 per annum, why go for any other insurance plan by paying much higher premium and settle for lower insurance cover? Next time you buy life insurance, please research carefully and make sure you are buying pure term insurance for protection to your family and not for the benefit of the insurance company and its agents.