What Is The Traders Mindset & Risk Psychology?

September 19, 2009 by Ahmad Hassam  
Filed under Experts

Emotional demons like fear, greed or regret will try to haunt many traders. Even great traders struggle with their inner demons from time to time. Every great trader has a deep understanding of his/her psychology. Your personal trading psychology affects every trade entry and every trade exit that you make.

The more you develop the traders mindset, the quicker you will confront your demons and the more success you will have in slaying them. In your journey from a novice trader to a master trader, you will have to keep an eye on your trading psychology.

There are certain traits that help traders and investors make consistent profit in the markets. Some of these traits will come naturally to you as a trader. However, others you will need to cultivate and acquire. Now this is what you feel when you acquire the traders mindset:

1. Not worrying about the money. 2. You will accept risk in trading and investing. 3. You will accept winning and losing trades equally as a part of trading. 4. You will start enjoying trading. 5. You wont feel being victimized by the markets. 6. You will be always looking to improve your skills. 7. As your skills improve, the trading profits will start accumulating and start flowing in. 8. You will be more open minded, keeping your opinions to the minimum. 9. Learning from every trade or position. 10. Aligning trades in the direction of the market and trying to flow with the market.

There are certain destructive emotions that confront each trader. You cannot achieve the traders mindset without overcoming the destructive emotions in you. You will have to face these destructive emotions when trading:

1. Fear of taking a loss and the fear of being stopped out. 2. Getting out of the trades too quickly. 3. Wishing and hoping that you will make a winning trade. 4. Anger after a losing trade. 5. Trading with borrowed money or trading with money that you cannot afford to lose. 6. Adding on to a losing position. 7. Compulsive trading 8. Excessive joy after winning a trade 9. Poor trading accounts profits. 10. Not following your trading system. 11. Second guessing your strategy. 12. Not trading the correct trade size. 13. Trading too much. 14. Afraid to trade 15. Irritable after the trading day.

See if you are experiencing any of these destructive issues by trying to take a look into the mirror. When you find one of these emotions in yourself try to isolate and defuse it. This exercise will help you identify your strengths and weaknesses.

In essence, getting the Traders mindset is getting to a place of profitability, peace and bliss. Once you have identified a certain destructive emotion present in you, try to write it down and find a solution. Just the action of writing it down will help you bring one step closer to nirvana.

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Develop your own Forex Trading System. Get Netpicks Forex Signals Free!

 Mail this post

Technorati Tags: , , , , , , , , , , , , ,

Talk To Your Lender About Saving Your Home from Foreclosure

August 11, 2009 by Doc Schmyz  
Filed under Experts

When your home is on the verge of foreclosure, you certainly will do anything possible to save it. But the problem is how you will do it. One, among many, is going to your lender and asking for help.

For others, contacting the lender at the first sign of financial problems seems to be not such a good idea. It may be because they are embarrassed to discuss money issues to others or they simply don’t see the need to inform their lender right away of their present financial standing, most of the time they are thinking it is a temporary problem.

Most people have the perception that lenders, like banks, think only of themselves and don’t care about the future of the borrowers. This leads to the common notion that lenders show no mercy to homeowners who have defaulted on payments and will take the homes when the very first window of opportunity opens. The truth is lenders like owners will do everything they can to avoid home foreclosures. So again, the best way to save your home is to work with your lender to solve the problem.

Lenders will send a Notice of Default if you miss payments for 3 consecutive months. Call your lender as soon as possible. Inform them why you have defaulted on a payment and ask for an alternative payment schedule or temporary lower rates until your finances have returned to normal. You can also ask for Forbearance which is where your lender waives some of the penalty fees as a result of default or a mortgage refinance without going through the process of re-application, whichever you think is more economical. Mortgage lenders are NOT IN THE REAL ESTATE SELLING BUSINESS, thus are more than willing to help you to avoid repossessing your home.

Talk to your lender, inform them of your situation, and ask for payment alternatives. DO NOT WAIT!!! Act fast. Understand the gravity of the situation and do something about it. It is your obligation to pay your mortgage but when worst comes to worst, your lender wants to help you keep your home.[I:http://ethorities.com/wp-content/uploads/2009/08/DocSchmyz7.jpg]

About the Author:
 Mail this post

Technorati Tags: , , , , , , , ,

SSCRA…What It Means To Our Veterans And Our Military Members.

August 6, 2009 by Doc Schmyz  
Filed under Experts

SSCRA or the Soldier and Sailor Civil Relief Act were signed by President Bush on December 2003. The main point for this act was to set new legislation to simplify or ease both legal and economic burdens to military personnel whether active or retired.

What is the SSCRA

SSCRA addresses the inability of military men to meet financial obligations when they are in active duty. Financial obligations to include rentals, leases, mortgages, credit card payments and other similar transactions. The SSCRA also stretches to cover the dependents of the military men in question.

SSCRA covers those under active duty, to include out on basic training exercises or assigned in the field. Most veterans fail to pay their financial obligations since they are unable to do so during the line of duty. The SSCRA aims to provide legislation to these individuals so that they are given consideration regarding deadlines and payment due dates.

One focus of the SSCRA for military personnel/dependents includes leasing/renting of a property for residential purpose. (not to exceed more than $1,200 a month) Also the conditions must be met and the transaction must be first made before the service man is enlisted into active duty or departs for basic training.

Once on active duty, it’s becomes almost impossible for them to settle this obligation. The next course of action is for the service man to send a request of being under the protection of the SSCRA to the court when he or she receives an eviction notice. If the judge finds sufficient grounds which merits the protection from SSCRA then the court may postpone the eviction until the term of duty of the personnel expires

Advantage of SSCRA for veterans on active duty

Often military personnel on active duty will not have the ability to fulfill their financial obligations to various institutions like credit cards, banks, insurance or mortgage lenders. The SSCRA was developed to provide a form of security to these men on duty on active duty.

SSCRA will provide enough “elbow room” for military personnel to be given extended deadlines for payments, foreclosures and mortgage transactions when they are in the line of duty. Though not all veterans are given the privilege of being under the protection of the SSCRA; some criteria and requirements must be met for both the transaction and the personnel before they are granted protection.

Interest Rates and SSCRA

Members on active duty who are unable to pay mortgages and who are facing foreclosure may then invoke the protection of the SSCRA to avoid such problems. Qualified debts are those incurred prior to service men coming into the line of duty. Also, the request will only be valid if the personnel are in the line of duty when the request was made which limited them from settling the said obligation.

Once qualified, the service member needs to send a letter to the lender/bank requesting that their interest rate be capped to 6% according to the provision stated in SSCRA. Also, they may should send a photocopy of the military order to the lender as proof that they are on military duty as stated in their letter of request. the process can take up to 3 months to complete.

Foreclosures and the SSCRA

SSCRA can also help cover the military member under the obligation of a mortgage, trust deed or security of property for any financial obligation. The SSCRA simply states that the personnel are valid for protection under the SSCRA if the obligation and the property were done prior to their military service.

The provision states that prohibition of foreclosure or sale of mortgage property without the presence of the borrower, the military personnel in this case, whether in a judicial or a non-judicial foreclosure. It is also stated in the SSCRA that maturity dates and deadlines will be given an extension when the military personnel is in active duty until they are released from their given designation.

Even if the maturity date or the date of foreclosure is extended due to the military personnel’s inability to pay, the court will try to achieve a compromise agreement from both parties requiring the mortgage lender to pay at least half of the amount due while the mortgage holder extends the deadline or put a stay on the foreclosure or sale of the property.

About the Author:
 Mail this post

Technorati Tags: , , , , , , , , ,

Newbies Guide To Feng Shui ?

Feng shui is a time-honored Chinese system of energy constellation that not merely deals with object position, but in addition specific positioning of roles played in the family linage.

Consequently there is the Yin Feng Shui that deals with the positioning of the family ‘homestead’, and the Yang Feng Shui that deals with those who are alive.

The importance of the Yin Feng Shui has been consequently heavily stressed upon all along Chinese history that it has grow to be the most important thing in one’s existence when one, or the elderly, is about to ‘graduate’ from this material plane of existence.

Often, many an elder would commence probing for the most ‘ideal’ place for their Yin Feng Shui homestead long ahead of their projected date of ‘graduation’.

They would go to such extent as to appoint the most knowledgeable Feng Shui expert to aid with ‘tracing the dragon’ in their endeavor to pinpoint such an ideal site.

‘Tracing the dragon’ is a good ole maxim that refers to ‘in search of the definitive source of energy by hiking.’

As far as the Yang Feng Shui is concerned, its major focus is upon health and wealth.

Its tools are the countless variations resultant from the interaction of the Yin and Yang, such as high and low, far and near, black and white, light and dark…

It is the game of relativity as interpreted in the day after day life, if stated more completely.

It means a whole lot more than only ‘Feng is wind’ and ‘Shui is water’.

As Feng Shui has become a enormously in style niche recently and there have been countless websites on this topic, more in-depth explanation will be essential in order to facilitate better appreciation.

The basic definition of Feng Shui is seen in its name – the 2 words Feng and Shui, which mean ‘Wind and Water’ correspondingly.

It is their interaction that is important.

The essential definitions of Feng Shui are:

“When wind meets water, it will halt its path of travel and stay around there.”

“Wind carries ‘chi’ with it wherever it goes.”

And by the way, ‘chi’ is the crucial force that is so ‘life-giving’ and nutritious that everyone just cannot obtain sufficient of it nowadays.

So, it is extremely trouble-free to comprehend why lots of homes and communities are built close to those areas where ‘wind meets water’.

Useful examples will be those water’s edge real estate that is continually in very good and competitive price range as they are permanently in demand. Yes, sure it is partly because of the nice sea views and easy access to water.

Nevertheless on the energetic level, it is largely because people are more easily drawn to places where there is abundant supply of ‘chi’ or good and nourishing energy. Other examples can be found in houses built in geographical environment where wind and water happen together cordially in mountain areas as well.

About the Author:
 Mail this post

Technorati Tags: , , , , , ,

What Are Stock Indexes? (Part I)

August 4, 2009 by Ahmad Hassam  
Filed under Experts

There are hundreds of ETFs and HOLDRS covering key industry benchmarks such as the various Standard & Poor Indexes, Russell Indexes and the Dow Jones Averages or other less well known narrow based sectors.

For example SPY tracks the Standard & Poors 500 Composite Index and is the largest of the ETFs. You should know the major indexes that are either key benchmarks or have ETFs tied to them.

Standard & Poor: Standard & Poor (S&P) has been providing independent and objective financial information, analysis and research for nearly 140 years. It is the financial services segment of the McGraw Hill companies.

It is also the provider of equity indexes and these S&P indexes are also used as the basis for wide variety of financial instruments such as Index Funds, Futures, Options and ETFs. Investors around the globe use S&P Indexes for investment performance measurement.

S&P 500 Composite is one of the most popular indexes in the global financial markets. It is also used as a key benchmark for money manager performance. Hundreds of companies around the world have licenses with the Standards & Poors for their index products. The influence and name recognition of S&P 500 is unparalleled.

S&P 500 represents more than 75% of the capitalization of the entire US Stock Market. The S&P 500 is a capitalization weighted index that tracks the performance of 500 large capitalization issues. Each year thousands of money managers have the single minded goal of outperforming the S&P 500.

Over the years, the complexion of S&P 500 has changed. 30 years back most of the stocks were from the Industrial Sector. By 1970s, six of the top companies were from the Oil Sector. In 2000s, technology composed about one third of the capitalization of the index. The stocks in the S&P 500 are determined by a nine member committee in accordance with the general guidelines.

The other Standard & Poors indexes are the S&P Midcap 400 Index. It measures the performance of the midsize companies of the US economy. It is based on 400 chosen domestic stocks and is also capitalization based.

The S&P SmallCap 600 Index consists of 600 domestic stocks. These stocks are chosen for market size and liquidity. S&P SmallCap 600 is also capitalization weighted index and is of interest to institutional and retail investors. There are also sub-indexes based on these S&P Indexes.

NASDAQ: NASDAQ Composite Index contains more than 4500+ companies. It represents a market capitalization of trillions of dollars in the US economy. You will often hear in the media that the Nasdaq market being up or down on a given day.

There is another Nasdaq Index called the Nasdaq-100 and it is composed of the top 100 nonfinancial companies in the Nasdaq Stock Market. NASDAQ-100 is a modified capitalization weighted index. The QQQ is based on the Nasdaq-100 Index.

About the Author:
 Mail this post

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

God’s Will Is Abundance, Unlock It Through Prosperity Prayer

July 22, 2009 by Zoe Smith  
Filed under Experts

What is Gods will for His children? It is to have abundance and prosperity in every aspect of their lives. How can we be sure about this? First of all it is Gods nature to be good. Moreover, His will and promises are written clearly in the Scriptures–words that have seen centuries of lives transformed through knowing His purposes and desires. So how can I get to the wealth that is reserved for me? Is there a prosperity prayer out there that God will hear and answer?

Wait, before you start reciting every prayer you have ever heard,you need to know that its not so much what you say but why and how you say it. God is not after your words or any offering you might give–He wants your heart. He is eager to see you blessed so there is no need to beg for meager resources to get you by. See the whole world as this overflowing abundance of gifts designed with you in mind. Knowing God’s goodness will allow you to trust in His providence for your life.

We agree that it is Gods wish to bless you with abundance and prosperity–what else is there to do? You need to do something very important. Search the scriptures for His promises and declare it to be true in your life each day. If you speak out His words concerning your life, you are in effect voicing out a powerful prosperity prayer for your life. You can begin with something like this:

Father God, I honor You for who You are to me. You are a holy and mighty God, (Luke 1:49) Nothing is impossible for you. (Jeremiah 32:27) All things on earth you have given for man to enjoy, (Psalm 115:16; Jeremiah 27:5) You want only the best for me. (Matthew 7:11; Luke 11:13) It is Your desire to prosper me (Proverbs 28:35) All because You love me. (Jeremiah 31:3; John 1:17; Romans 8:31)

So here I stand claiming your promises; You are God and You cannot lie. (Titus 1:2) You make a way when no way is visible to us, (Joshua 2:10) And you empower me to produce wealth, (Deuteronomy 8:18) Beyond anything I could ever imagine. (Ephesians 3:20)

Your Word is Power itself, (Hebrews 1:3) The world was formed through It; (Hebrews 11:3) And I speak it out to change my situation. Thank You Lord, Amen.

Remember, do not feed the negative energy that will come against you in whatever form it chooses to take. When you feel frustrated and impatient that you don’t see anything happening in your life; think of things that you are grateful for and start being thankful for all that you have, even with the smallest blessing. You will find peace of mind and increased favor in all the areas of your life.

Pray this prosperity prayer whenever you can. It is not a formula or a magic charm to get your prosperity. This prayer serves to remind you of the abundant blessings coming your way, thus strengthening your faith. Use other scriptural verses that you feel a connection to you to. What is important is that you understand that you and your household are title holders to the divine prosperity” and its time to claim it today.

About the Author:
 Mail this post

Technorati Tags: , , , , , , , , , , ,

How to Build Wealth Through Cash Gifting

July 2, 2009 by Megumi Burr  
Filed under Uncategorized

Receiving better things through giving has been attached to lots of things such as Energy, God, and that sort of stuff. It is even associated with the Attraction and Manifestation process which states that anything you desire is attainable if you give freely with gratitude, love, and consciousness.

A lot of people are making this method of intentional gifting their habit since they can see that this opens the flow of the giving and receiving process. In the system called “pay it forward”, for example, purchasing food from a fast food chain charges you an extra fee to cover the cost of food that the stranger behind you in line would buy, and then the same would be done to him. With this, one can actually feed the homeless and the hungry in the urban areas!

There came a time when I joined a cash gifting program. There I realized that gifting is a system where nobody gets behind because the system is mutual. Whenever I gift, I make other people rich and in turn, I get richer myself with what I receive.

This system can also put up a great challenge. For me, how to spend $250, $1500, or even $7500 a week is very challenging, and that is weekly! I solved the challenge by answering a question: What do I do with the money? What is it that I want? Thinking about this question several times helped me decide what to do.

There are also other keys to success, and these are determination and success which is almost necessary in everything. Attention is also necessary for success even with a “passive” system. I am very thankful to my team, who supported, guided, and exerted effort, which has greatly helped me by reducing the effort I had to exert in order to get web presence in the world of cash gifting.

I possess optimism and determination that this piece of information will open the doors of many people to wealth that everyone wants. I also hope that this would be their new freeway of riches.

Everyone should awaken their consciousness that cash gifting can make them real rich. This can be the big break you are waiting for, the gravity that will pull money to you.

About the Author:
 Mail this post

Technorati Tags: , , , , , , , , , , , , ,

MACD Divergence Explained

July 1, 2009 by Ahmad Hassam  
Filed under Finance

Understanding and interpreting a MACD divergence can be very helpful in your trading. You may ask what does a MACD Divergence means. Just that the current price trend is running out of steam and soon may reverse direction. Price reversal may not happen right away. But a MACD Divergence is a powerful hint that the market is changing direction. It is easy to spot MACD crossovers and dramatic rises but not so a MACD divergence. Spotting a MACD divergence correctly will only come after practice.

What you are looking for is when the price action and MACD do not agree. For example, if the price is making a series of higher highs and MACD is making a series of lower lows, something is wrong between the two.

Most probably the traders are getting nervous. They are slowly fading out of their trades. No one is trading against the trend and yet fewer and fewer traders are in the trend. MACD divergence is seen as a sign that fewer and fewer traders are in the trend.

The only traders in the trend are nervous and jittery. They want to exit. Most of them are likely to exit their trade at the first sign of trouble. As soon as the bears muster up enough guts to short. MACD is diverging from the bullish trend. The bulls will exit and the bears will take over.

This is exactly why MACD is so powerful. It takes time to setup but when it works, it often works well. There are two powerful keys in locating times when MACD divergence is likely to represent a reversal in price.

Suppose the price action is at the double tops or double bottoms. MACD divergence can be powerful. You spot MACD divergence at this point. This is known as Exhaustion Pullback. You are making your trading plan based on the bounce/reversal or breakout of the support and resistance (S&R).

You should trade now based on rejection reversal. This is a sign that the price action is running out of steam. This indicates that there are not enough committed traders to break the support and resistance (S&R).

MACD is also used as an overbought/ oversold indicator or oscillator. Suppose you see that it has reached its overbought/ oversold range. The price action is turning normal. This is a signal that you should avoid trading at this time.

Dont think that the currency pair is overbought and everyone is buying. However, when the price reaches its extreme, you will see price exhaust and the MACD line drop back into normal zone. Dont confuse the overbought/ oversold MACD zones as trade opportunities.

These two situations along with your other tools can provide excellent trading opportunities. It is also important to note that divergence can not only be found on the MACD line and the signal line, it can also be found on the histogram.

About the Author:
 Mail this post

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Truth About IM Remarkable

June 26, 2009 by Marge Weathers  
Filed under Internet Marketing

Hello there and welcome to the site. In this article I’m going to be talking about a product that isn’t out yet called IM Remarkable.

Its likely that in the coming weeks youll be hearing more and more about this product from people promoting it.

The creator of im remarkable is Howie Schwatz who you may have heard of. He is the creator of the hit product black hat is back and many others.

You may want to know that the release date for IM Remarkable is going to be the 14th of July.

Im Remarkable is focused on the people that aren’t making any money online or people that aren’t doing as well as they’d wish.

From what I’ve heard Howie is going to give you a sort of interview to see where you are in your online career. He will then create the course around you so you which is very impressive nad has never been done before.

The next thing he has done after interviewing you is to place you in a group with other people with similiar knowledge to you.

When the training starts you will be learning though channels such as video and online group meetings as well as online seminars.

From what I’ve seen Howie is going to teach stuff like choosing a niche and getting traffic to landing pages where they will convert your traffic into customers. This may sound familiar but alot of people do it wrong and don’t make any money.

From what Ive heard they are offering by the hand training so if you always have a mentor to help you through things. The thing that I like is that Howie is guaranteeing that you will make money or your money back which is a plus.

If you are struggling to make money online then look out for im remarkable when its released and see what you think.

About the Author:
 Mail this post

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , ,