Saturday, July 30, 2011
Jesse Lauriston Livermore Stock Trading Rules
Friday, July 29, 2011
Forex Trading Safety Tips
Investors are attracted to Forex trading as it is a means where you are able to make quite large sums of money. It is also possible to lose money if you go about things the wrong way, but as every country's foreign exchange rate changes daily, sometimes by the minute, it is not the place for the faint hearted. That is why every Forex investor can benefit from these tips:
When checking out the different companies involved in Forex trading you will find some need a minimum amount of $250 or $500 to open an account with them, whereas others require $1,000 or even $10,000. Scam operators online will only require amounts of $1 or $5 to open an account, be very careful with such offers because they really are too good to be true.
Before you invest with any broker or financial establishment dealing in Forex trading, make sure you check them out thoroughly before entering into any contract, remain cautious and keep your eyes open. That way you will minimise any risk.
Teresa writes about forex trading online and writes for Forex Trading Finder where you can compare foreign exchange brokers to get the best forex reviews.
1 – Remain Wary at all Times
You can take part in Forex, or FX, trading by investing your money through a financial organisation or broker who often deal in other stocks and bonds as well as foreign exchange rates. As with all money dealings, however, you must remain wary at all times, especially if you are going to invest through an online organisation.2 – Know What Your Money is Doing
What you should know is that when you hand your money over to a broker for this type of investment you are allowing your money to be invested in different countries. It is used to prop up certain investments taking place in a variety of hedge funds. You could have your money invested in one particular market on one day and a completely different market the next day. Therefore, to make sure you can keep track of your money and protect the safety of your investment, remember:- Investment management companies trading in the Forex market are the most trustworthy. Especially those who have been trading continuously since the 1970s.
- Never start out with a more recently established company. Let someone else help build their bone fides.
- Be extremely careful with companies appearing online no matter what they promise. Always check out their past history, where they are based and how long they have been in business.
- Read your agreement thoroughly and if doubtful on any issue don't let it pass without questioning it and having it explained to your complete satisfaction.
3 – Watch Out For Online Scams
When checking out the different companies involved in Forex trading you will find some need a minimum amount of $250 or $500 to open an account with them, whereas others require $1,000 or even $10,000. Scam operators online will only require amounts of $1 or $5 to open an account, be very careful with such offers because they really are too good to be true.Before you invest with any broker or financial establishment dealing in Forex trading, make sure you check them out thoroughly before entering into any contract, remain cautious and keep your eyes open. That way you will minimise any risk.
Teresa writes about forex trading online and writes for Forex Trading Finder where you can compare foreign exchange brokers to get the best forex reviews.
Thursday, July 28, 2011
Take Charge Of Your Life
Imagine your life as a dog walker with multiple heavy dogs tugging on the leashes out in front of it. Would you say the dogs are running carefree down the street dragging your life behind dangerously? Or would you say that your life is in control and the dogs are walking politely, going only where they are directed by you?
It may take a moment to absorb that situation and decide how in control your life is at the moment. If you have to admit that the dogs are walking the master rather than the master walking them, you are in the perfect position to step back, refocus on your priorities, and start anew.
Stepping Back
This is the hardest thing to do when you feel there is chaos all around you. Yet, it is one of the most important things to do if you want to bring some control and order back into your world. You can choose to let those dogs drag you down the street so you don't have any control over what happens, or you can let go of the leashes and take a moment to refocus your life.
Stepping back simply means to stop doing what you are currently doing. It obviously isn't working very well for you, right? The first step is always to admit that something is not working and stop just long enough to figure out what the dysfunctional piece of your life is.
You don't have to step back for long. Take a full day or half a day and just focus on figuring out your priorities and making some small adjustments.
Refocusing Your Priorities
Take a piece of paper and write down the things you spend the most time doing and thinking about right now. Those are the things you have been making a priority in your life.
Now make another list of the things you know should be the priority of your life. If you are like most people, this list will be much shorter than the first list because the things you really need to be focusing on aren't as numerous as the things you choose to focus on. It's called over-extending yourself and can be a big part of why you feel things are so chaotic.
What small changes could you make in your life to shift the focus to those things on the second list? You don't need major, dramatic changes...or perhaps you do! If you decide to do something major to refocus on those priorities, make sure you are dedicated and ready to make a go of it long term.
Starting Anew
This is the final step to getting your life back under control. This is where you call the dogs back, pick up the leashes, and show them that you are now the one in control. This is where the plan comes off the paper and enters your daily life.
You really can do this in a single afternoon. If you do the work to honestly assess where your priorities need to be and what is not working for your life, you can decide to turn it around with small changes or perhaps one big change. You just have to make a commitment to putting the plan into action.
Without action, it does no good to identify the problems!
Please visit The Personal Development Company for more information about How To Take Charge Of Your Life and other Self-help products by Jim Rohn
It may take a moment to absorb that situation and decide how in control your life is at the moment. If you have to admit that the dogs are walking the master rather than the master walking them, you are in the perfect position to step back, refocus on your priorities, and start anew.
Stepping Back
This is the hardest thing to do when you feel there is chaos all around you. Yet, it is one of the most important things to do if you want to bring some control and order back into your world. You can choose to let those dogs drag you down the street so you don't have any control over what happens, or you can let go of the leashes and take a moment to refocus your life.
Stepping back simply means to stop doing what you are currently doing. It obviously isn't working very well for you, right? The first step is always to admit that something is not working and stop just long enough to figure out what the dysfunctional piece of your life is.
You don't have to step back for long. Take a full day or half a day and just focus on figuring out your priorities and making some small adjustments.
Refocusing Your Priorities
Take a piece of paper and write down the things you spend the most time doing and thinking about right now. Those are the things you have been making a priority in your life.
Now make another list of the things you know should be the priority of your life. If you are like most people, this list will be much shorter than the first list because the things you really need to be focusing on aren't as numerous as the things you choose to focus on. It's called over-extending yourself and can be a big part of why you feel things are so chaotic.
What small changes could you make in your life to shift the focus to those things on the second list? You don't need major, dramatic changes...or perhaps you do! If you decide to do something major to refocus on those priorities, make sure you are dedicated and ready to make a go of it long term.
Starting Anew
This is the final step to getting your life back under control. This is where you call the dogs back, pick up the leashes, and show them that you are now the one in control. This is where the plan comes off the paper and enters your daily life.
You really can do this in a single afternoon. If you do the work to honestly assess where your priorities need to be and what is not working for your life, you can decide to turn it around with small changes or perhaps one big change. You just have to make a commitment to putting the plan into action.
Without action, it does no good to identify the problems!
Please visit The Personal Development Company for more information about How To Take Charge Of Your Life and other Self-help products by Jim Rohn
Wednesday, July 27, 2011
Franchise Finance Guide
There are several ways in which to start your own business. If you have a unique talent or invention that is marketed well and is something that people have a need for, you could create a business that is quite lucrative. However, business ownership can be yours without having to dream up a concept. Own a franchise. Prior to starting the process, your due diligence is required by gaining as much information as possible about the type of franchise you want. Also, be sure that you have access to the proper financial resources that will get you started and provide you with the ability to maintain your franchise business.
According to the International Franchising Association, the costs for starting a franchise will depend on the kind of business and several other factors. These costs could range from less than $20,000 to more than $1 million. Once you understand the costs involved and your financing options, you can better determine if owning a franchise is a suitable choice for you.
Self-financing is usually the first consideration for funding the purchase of a franchise, if feasible. This method is utilized by accessing all of your liquid and semi-liquid assets. This would include your available cash, stock investment returns, your home equity and other resources you have that produce cash. When choosing this option please know that your available capital will be tied up in your franchise business. Only you can determine if this is the proper choice by weighing the "hard cost" of other types of financing.
If your funds do not add up to the required amount needed for your franchise purchase, a slower, but very effective method of self-financing is accomplished by opening a business ownership account. Start by depositing no less than $500 in this account per month for a period of 6 months to a year. By using direct deposit you can be assured that your deposits are placed in your business account every month. As you build your account, bankers and franchisors will see you as a serious contender and will extend other financing options to you. Even if you have to save for a few additional months, you are now well on your way to franchise ownership.
Another option to be considered is a bank loan. This method is rather convenient and can be attained easily if you are in possession of the required collateral in the form of home equity to cover your loan amount. It is also referred to as 'setting up a line of credit." By requiring collateral on your loan, the bank is more assured that you will live up to your end of the bargain to avoid seizure of your property, thereby protecting both you and the bank.
A debt financing loan is obtained from financial institutions, such as savings and loans, banks or commercial finance companies. A great asset to small business owners is the U.S. Small Business Administration (SBA) that provides crucial information on writing a loan proposal and other programs to assist small business start-ups. Visit their website at www.sba.gov for recent information.
Your retirement savings account is a viable asset for investing in your franchise purchase. There are financial professionals across Canada and the U.S.; qualified to structure your retirement plan as a corporation. This is done by using your retirement account as the investment vehicle in your franchise. It will ultimately provide your franchise purchasing capital by taking ownership in your franchise and purchasing stock like a functioning corporation. Along with the profitability of your franchise, your retirement account will also experience tax deferred gains.
Franchising is definitely a successful business model, but you've got to know what you're getting inti. You should probably start by hiring an accountant, and ensuring your finances are in order. Then the next step is to put your accountant to work for you investigating the finances of prospective frtanchises. Mistakes are routinely made, but if you work with qualified people your chance of success certainly improves.
According to the International Franchising Association, the costs for starting a franchise will depend on the kind of business and several other factors. These costs could range from less than $20,000 to more than $1 million. Once you understand the costs involved and your financing options, you can better determine if owning a franchise is a suitable choice for you.
Self-financing is usually the first consideration for funding the purchase of a franchise, if feasible. This method is utilized by accessing all of your liquid and semi-liquid assets. This would include your available cash, stock investment returns, your home equity and other resources you have that produce cash. When choosing this option please know that your available capital will be tied up in your franchise business. Only you can determine if this is the proper choice by weighing the "hard cost" of other types of financing.
If your funds do not add up to the required amount needed for your franchise purchase, a slower, but very effective method of self-financing is accomplished by opening a business ownership account. Start by depositing no less than $500 in this account per month for a period of 6 months to a year. By using direct deposit you can be assured that your deposits are placed in your business account every month. As you build your account, bankers and franchisors will see you as a serious contender and will extend other financing options to you. Even if you have to save for a few additional months, you are now well on your way to franchise ownership.
Another option to be considered is a bank loan. This method is rather convenient and can be attained easily if you are in possession of the required collateral in the form of home equity to cover your loan amount. It is also referred to as 'setting up a line of credit." By requiring collateral on your loan, the bank is more assured that you will live up to your end of the bargain to avoid seizure of your property, thereby protecting both you and the bank.
A debt financing loan is obtained from financial institutions, such as savings and loans, banks or commercial finance companies. A great asset to small business owners is the U.S. Small Business Administration (SBA) that provides crucial information on writing a loan proposal and other programs to assist small business start-ups. Visit their website at www.sba.gov for recent information.
Your retirement savings account is a viable asset for investing in your franchise purchase. There are financial professionals across Canada and the U.S.; qualified to structure your retirement plan as a corporation. This is done by using your retirement account as the investment vehicle in your franchise. It will ultimately provide your franchise purchasing capital by taking ownership in your franchise and purchasing stock like a functioning corporation. Along with the profitability of your franchise, your retirement account will also experience tax deferred gains.
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