August 24, 2010

The Most Worthwhile Use of Your Wealth, Giving to Those Less Fortunate

The most worthwhile use of your wealth, giving to those less fortunate I stepped inside the door of the white washed building; I was greeted by these wide eyed, beautiful brown skinned children with warm smiles and happy exuberance. As I was led to the hallway, I can smell the mixture of sweat, soup and the dingy walls. We entered the mess hall, something pierced right into my heart, and it made me want to cry. Children of all size and color, most of them skinny, reaching and grabbing at the soup bowl. That was the first of my many trips to the orphanage. It compelled me to write because I strongly believe in the power of charity. It is the essence of giving without any obligation to do so. Charity began in the late nineteenth century to address urban poverty. Its principal aim is to be of assistance to a different group which caters and addresses the needs of the less fortunate, to the protection of endangered animals, to the promotion of environmental awareness, to the encouragement of many to a good cause. Charity is fueled by passion. People are passionate in forming a charity organization because they feel the need to alleviate the plight of those who could not help themselves or the prevention or rectification of a wrong doing. This feeling might be caused by on-hand experience at the sight of a deplorable situation, which made one’s heart cringe. Although a charity organization’s goal is for the greater good, there are setbacks that hinder the attainment of that “greater good”. These setbacks may be: 1. The goal or purpose of their formation is wide-ranged; 2. Few people are donating; or 3. Few people are rendering volunteer work for their charity organization. Charity work is not a task for just one individual or one group; it is the effort of a society. We define the act of giving to charity organization as a generous act or donating to the poor, but to the recipients’, charity is beyond the definition or conceptual perception which most people don’t realize. Charity for the starving means food to fill their hungry stomachs. Charity for the homeless is a place where they could rest their aching backs and shut their bleary eyes. Charity for the naked is the clothes that can give them warmth and comfort. Charity for the sick is the care and attention given to their worn out and ailing bodies. In a charity organization, every centavo counts and each one of us that takes a step in showing we care is given the opportunity to lend a helping hand. Imagine if a million people would give a dollar to a cause that would be a million dollars, enough to fund diverse charity programs and benefit a great number of people. Charity is to help those who are unable to stand up for themselves, cannot look after themselves and any help given to them is appreciated very much. A great number of charity organizations cater to the impoverished countries; but often times their help could not reach the victims of calamity on time. Imagine a world where generous hearts proliferate, the atmosphere of giving and caring for humanity would make our world a better place. There are a number of ways to give to charity organizations (not all of us have a lot of money to give to charity, but we can still help): 1. Encourage others to donate. Donate your time, make time to make a blog or an article and disseminate to as many people as you can. 2. Have a garage sale. Look around your room; are there things that you rarely use? Look at your dresser; are there clothes that don’t fit you anymore? Look around your kitchen; are there utensils that you haven’t used at all? The proceeds of your garage sale can be donated to a charity organization or you might donate them directly to them. 3. Love to bake? Grab those ingredients and start pouring it in the pan, make those eye watering, sumptuous colorful, oven fresh cupcakes and have a bake sale. Tell your customers your profit will go to your preferred charity organization. 4. Your hobby might even be useful, if you’re into homemade crafts, you can teach in a charity organization on how to make bracelets, cards, and other crafty products that they can sell. What feelings envelop you after you make a donation? Are you moved by the power of the essence of giving? Most of us would feel sympathetic to the plight of the needy, some might regret giving away their money. What is important is that at the end of the day, when we close our eyes to sleep, we can look back to what we have done; we can assure ourselves that we have become a better person by sharing to others the blessings we receive.

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August 2, 2010

Go Exotic! 4 Travel Destinations Forex Traders Must Visit this Summer

Summer doesn't exactly stick around all year long and it is not healthy for traders to just sit in front of their computers every day. Prolonged sitting has been associated with numerous back problems and you do not want that to add up to the challenges that come along with trading.

Then what is the remedy to unglue a super engrossed trader? All the money earned from forex trading has got to go somewhere. So pack your bags, laptops and camera and head to these must-see places worthy to be explored.

Antarctica

2010 is said to be the last year that Antarctica is open to tourism. Antarctica is probably one of the most incredible tourist destinations, one of the world's last great wilderness. The continent's landscape is described by many as magical, surreal, unforgettable, and a glimpse of nature in its purest form. Many four-day cruises leave from Tierra del Fuego in Argentina, others from Ushuaia or Stanley. The increased number of tourists aboard ships poses a major threat in the fragile continent and a ban on big cruise ships will take effect within a year. This gives us the perfect reason to see this secluded continent for the first (and last) time.

Bogotá, Columbia

Bogotá is now one a world class urban destination ranked along with San Francisco, Dubai, Washington DC or Berlin. The city underwent breathtaking transformation but still remains as a "city of contrasts" blending the old and the new where you can find skyscrapers tower over century-old landscapes. Several museums and restaurants have opened in the Bogotá's historic center and the most affordable lodging and dining options are located in this side of Bogotá. Take a downtown day tour and enjoy the sights offered by this charming city.

Mysore, India

Are you a yoga junkie?  Thousands of people fly to Mysore, the most popular yoga destination in India. In fact, it has achieved world-wide recognition as a center for yoga and it is widely known for Ashtanga, the main style of yoga taught in Mysore. However, Mysore is not only known for yoga, this ancient city in the state of Karnataka is also called the City of Palaces because of the number of palaces situated in the city.

Cape Town, South Africa

South Africa stole the limelight when it hosted the 2010 World Cup. Soccer fans arrived in throngs prompting the opening of new hotels, stadiums and safari lodges and much of the action was centred in Cape Town. Cape Town is already known for its beaches, cuisine and sophisticated night life. No other African city combines beauty and culture so effortlessly.

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August 1, 2010

3 Things You Must Master to Achieve Success in Forex Trading

Anyone who wishes to become successful in trading Forex must learn and understand the basics of the market. There have been a lot of traders who lost a lot of money in Forex trading because they did not properly educate themselves. In order to trade profitably without burning much of your capital, it is vital to have the right Forex trading education.

Trading Forex can let you have an endless stream of profit which can far exceed your living expenses plus it also offers the freedom of mobility. And because of that, many investors are attracted to trade the most liquid market in the world. However, most traders are challenged by the market. Only those who truly know how to predict the market's movement get to have the profitable trades.

So with that in the open, it is very much helpful for traders to study how to trade the Forex market instead of going blind. Listed below are some of the things a Forex trader needs to learn in order to trade profitably and in the process, achieve success in trading.

1. Forex basics

From chart types, candlesticks, moving averages, indicators, chart patterns and time frames; all these a beginner must know. The trader must also be familiar with reading Forex quotes, which currencies can be traded, the types of trading and all things related to the Forex trading system. It is also advisable to read up to date blogs on the happenings in the Forex market.

2. Proper money management

Trading Forex is a business of making money so for a trader to make more cash he needs to learn how to manage it effectively.  Money management strategy is important to control exposure to risk. Every trader is advised never to risk more than 2% of their account on any singular currency pair. Two percent capital at risk is a recommended industry standard for maximum risk in a trade. But that number is based on your win to loss ratio with your risk to reward ratio. Setting up money management rules prepares a trader every time a losing streak strikes. When that arrives, the trader will still have enough capital to trade with.

3. Dealing with emotions

One of the biggest challenges a Forex trader faces on a daily basis is the tendency to make trading decisions based on emotions. Emotion is often associated with mood, temperament, personality and disposition, and motivation. However, when it comes to trading Forex, being emotional gets in the way of trading successfully. Making decisions to enter or exit a trade should have nothing to do with fear or greed. If you are emotional, fear will grip your mind and it'll influence you to make wrong trading decisions. Emotions will cloud your decision and this will not lead to profitable trades. This is why learning how to emotionally detach yourself when trading is so important if you seriously consider to make a living out of trading.

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Filed under Global Economics: Forex News and Fundamentals by Natasha Silverman

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July 28, 2010

Forex market bounces back, nears $4 Trillion in daily trade

Forex trading grew rapidly within 6 months reaching a top record of $4trillion in daily trading volume based on the data provided by central banks. This record growth puts the foreign exchange market back on track after the global recession in 2009.

As reported by the Wall Street Journal, the main drivers behind the currency market's trading rebound are worries over the euro zone's sovereign-debt crisis and concern over the pace of the global economic recovery. These two things keep volatility high. This proves that the Forex market remains busy and lucrative despite economic woes around the world.

Currency trading in the London grew by 15% within the first few months of 2010 with a daily turnover of $1.75 trillion in April. Estimates from trading hubs of New York, Tokyo, Toronto and Sydney along with that of London averaged to $4.1. Financial analysts say that currency volumes increased due to "investors and companies move their exposure from the advanced economies of Europe and the U.S. toward Asia and emerging markets".

In the U.S., daily volume rose to $754 billion in April, up 11.8 percent from October 2009 and 43.1 percent from April 2009. While trading volume in Tokyo rose 15.8 percent in the year to April driven largely by increased margin trading.

Australian trade volume also expanded dramatically with a whopping 54% in April from a year earlier. The foreign exchange market is one of the country's principal source of income for the Australian government. The Australian Dollar or AUD is the fifth most traded currency in the Forex market in line with the USD, EUR, JPY and GBP.

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July 27, 2010

Breaking down the Yin Yang Forex Trading Course

Education plays a key role to become a successful currency trader. Many newbies in trading do not know what exactly are they doing and this is the reason why 95% of traders get burned quickly. For many traders, it is a wise and rewarding decision to purchase a Forex course designed to help a trader advance in Forex trading. Trading Mastermind's Yin Yang Forex Trading Course is designed as such.

The course (workshops included) has worked for many people and helped them become much more successful traders based on the countless testimonials made by traders from around the world. So in collaboration with the summer enrollment (which is about to end soon), here is the breakdown of the entire course program.

Getting Started Right in Forex

This section of the course is designed for beginners but experienced traders can still learn a thing or two from this. This section has some essential information for getting started in this business a lot which is just not covered by Forex brokers and other training programs. But even though this is for beginners, several traders who have been trading for years will still get a lot of good information from this section.

Forex Secrets

Secrets of success in forex will be revealed to you once you get to this section of the course. You will discover some ways of approaching Forex trading in a way that is different from the majority of traders. These secrets start you out with a different view of trading from what is commonly taught in other training programs.

Organic Breath of the Market

Course creator Scott Shubert believes that financial markets do not behave like machines. So in this section of the course, you will become aware of the natural flow of markets and find out how surges of price actions can produce profitable trades. According to Scott, the trader who sees this organic breath flowing in each direction is able to know when to enter a trade and when to exit a trade on any time frame.

The Original Shubert Accuracy Method

The method developed by Scott Shubert has been such a major breakthrough for many people and has been so widely acclaimed around the world for several years now. In this section, you will learn how to have a high probability of winning and have consistent winning trades.

Fibonacci Secrets Revealed

In this section, you are going to discover how this ancient mathematical formula has some almost magical qualities when applied to financial markets. Take note that Fibonacci is not a trading method but rather, it is a tool that assists you in your trading and you need to know how it works.

Elliot Wave Made Simple

Scott Shubert believes that the Elliott Wave is the most widely misunderstood subject in the trading industry. This part of the course will make you see that markets really do consistently unfold according to the principles of Elliott Wave. The successful application of the principles of Elliott Wave has almost nothing to do with counting waves.

Process of Trading

In these 2 DVDs you will actually be experiencing  the fact that you can look at a chart at any time, any time of day or night, any day of the week, on any currency pair, and immediately know in advance what the next trade will be.

Samurai Warrior Short Term Day Trading

Trading opportunities are constantly shifting from one time frame to another. So in this section you will know how to apply techniques on the short time frames, shorter than the one hour in the range of the 15 minute, 10 minute, 5 minute and 1 minute time frames so that you will enter trades and exit them within about 15 minutes to a few hours later.

Yin Yang Advanced Trading

In this final part of the course, you will learn how to turn high probability trading into a habit. Get in and out of the market with certainty and confidence. This is the time to take all you learned and turn it into something you can do profitably day in and day out.

Filed under Yin Yang Forex Trading Course by Natasha Silverman

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July 21, 2010

The Role of CFTC in Fighting Off Forex Frauds

Generally, investors are terribly careful whenever considering entrusting money to others especially after what had happened to the victims of Bernard Madoff. In trading Forex, trying to trade profitably is already full of challenges and traders do not need to deal with fraudulent investment service providers.

In Trading Mastermind’s latest press release, Scott Shubert pointed out that there are a lot of Forex service providers who do not care whether their customers succeed in building a solid Forex trading business as long as they can rake in cash. So in order to protect U.S. investors, the Commodities Futures Trading Commission (CFTC) was formed. So what exactly is the agency’s role in protecting the interests of traders?

Formed in 1975, the CFTC’s stated purpose involves protecting market participants and the general public from fraud, manipulation, and abusive practices in relation to transactions involving commodities, financial futures and options. This includes overseeing the retail Forex market.

According to CFTC’s website: Today, the CFTC assures the economic utility of the futures markets by encouraging their competitiveness and efficiency, protecting market participants against fraud, manipulation, and abusive trading practices, and by ensuring the financial integrity of the clearing process. Through effective oversight, the CFTC enables the futures markets to serve the important function of providing a means for price discovery and offsetting price risk.

Since its formation, the CFTC has filed hundreds of enforcement actions against firms, owners and employees for defrauding customers who lost millions of dollars with Forex schemes. Unfortunately, fraud victims rarely recovered the funds they have lost. Thus, the CFTC warns the public of the following:

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Forex trading presents losses not just gains and when you cannot afford to lose trading Forex, do not put all your money into Forex. Learn to start small but as you advance further, you can continue building your capital. The CFTC, along with its international counterparts try its best to regulate the largest financial market in the wold but of course it is still much better to be your own personal fraud watchdog.

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July 14, 2010

How to Distinguish the B.S. in Forex Trading Training

We're already halfway through the week and if you are not aware of Trading Mastermind's forex training summer enrollment plan, it's time to take action now.

For this week only, Trading Mastermind will make available a 6-month payment plan for our training so that you can finally really participate in our live trading along side other professional traders. This offer is limited to the next 300 traders who really intend to live the life of a professional Forex trader.

In order to guide you through your path as a currency trader, here are the 3 No B.S. principles that can help you understand the difference between Forex B.S. and creating a real business in Forex that you can feel confident about and earn a real luxurious living from.

1. Trading Forex or any other market is not a trick.

Learning the latest trick in the market is not the way to trade. Find out what's the holistic approach to trading and not just relying on some indicator that tells you to buy or sell.

2. Financial markets are organic rather than mechanical.

Look carefully at charts and time frames. There you can see that the market do not behave like a machine. Keep in mind that the financial market is a living, breathing entity. A trading method should be designed to capitalize on the natural patterns and cycles of the organic entity.

3. Trading is less like engineering but more like playing football.

Or we can also say that trading is less like mathematics but more like kung fu wherein you can master the skill. Trading is a skill that can be acquired. It takes patience, discipline and a very positive attitude. Anyone, if you choose to, can learn to master the art and science of trading.

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July 9, 2010

Forex Trading Training Made Accessible to Traders

How many cups of Starbucks coffee can you drink in a day, a week or month?

Starting Monday, Trading Mastermind will make the Yin Yang Forex Training Course available in a 6-month payment plan of only $229 per month which is about $7.63 per day or about the cost of one and a half Starbucks lattes!

By purchasing the Yin Yang Forex Trading Course through this summer enrollment plan, traders will  get 3 months of free membership to the Platinum trading Group. This offer is limited to the next 300 traders who really intend to live the life of a professional Forex trader.

A lot of professional traders want to study our training program and get involved in our live trading sessions but they keep on saying that things are tight financially for them as of the present time. So in its aim to help struggling traders around the globe, Trading Mastermind came up with this summer enrollment plan that everyone can afford.

As what Scott said in his blog, "this is no B.S., just real trading with real results".

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July 6, 2010

Letting Go of Limiting Belief to Become a Better Forex Trader

One thing that makes a person reluctant in life is because of limiting beliefs. We all have limiting beliefs within ourselves and it controls some if not most of our thoughts and behavior which causes us not to get the best out of life.

For example, in trading forex or any other financial market, when a trader gets bad results in trading it is always because something in his mind caused him to do something other than enter the trade when the entry occurred and exit when the exit occurred.

Our limiting belief is the one thing that stops us from being successful in achieving what we desire to attain in life. Letting go of these beliefs means that you have the power to improve any situation that you need to improve regarding your life in terms of relationships, finances and etc.

Personality coaches and self-help gurus say that many limiting beliefs get installed during one's childhood and it is hard to get rid of it. Limiting beliefs can be disempowering and the mind always blocks a certain action that we are supposed to take. And because of that, we become hesitant about making choices and decisions no matter how reasonable it is. The primary key to remove a limiting belief is to identify and acknowledge it. However, this step is not enough and identifying invisible limiting beliefs is a huge daunting task.

So how do you identify your negative limiting beliefs? The most effective method without having to pay for a therapist is to brainstorm. Grab a piece of paper and pen and pick a problematic area in your life. You can ask yourself the following questions for example:

Why this situation presents so many problems in your life?
What has caused it?
Why can't you effectively resolve it?
What stands in your way?
What circumstances do you wish to appear to resolve this problem?

Once you finally have a list of limiting beliefs, you have to counter those emotional blocks with empowering beliefs. Keep in mind that self-limiting belief is just a thought in your head and if it makes you feel negative about things, then you can definitely start thinking positively!

Removing limiting beliefs simply means that you have to reprogram your mind. Meditations, affirmations, and yoga can help you free your mind. For forex traders, Scott Shubert highly recommends meridian tapping so that traders can reprogram their subconscious minds and make trading decisions without fear or anxiety.

Letting go of limiting belief may take some time so just be patient and slowly work on empowering your belief system. You will be definitely amazed with the positive changes that will come your way.

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July 1, 2010

How to Reduce the Number of Losing Traders by Getting the Right Forex Education

Forex trading is consistently expanding worldwide. And education plays a key role to become successful as a currency trader. Many newbies in trading do not know what exactly are they doing and this is the reason why 95% of traders get burned quickly. It is about time to lessen that gloomy statistics and that can be done by educating traders with the right trading knowledge.

Forex education may come from different sources. There are a lot of brokers who offer forex education as part of their service to customers. However, most brokers usually pressure traders to start trading right away with minimal knowledge. This is not sufficient enough. One should take time in understanding the market as well as practicing how to trade with a demo account, not a live one. it takes about 3 months for a rookie trader to feel confident about his trading skills.

Retail forex trading grew primarily due to online trading. The internet offers a lot of free forex education resources and it can be difficult to figure out which ones are reliable or not. It will be great if website owners will commit to providing careful and realistic analysis which will paint a picture for beginners that trading forex is not easy money.

The beauty of trading currencies is that you do not need a PhD in economics in order to trade. You can begin reading books on the currency market if you want to get started with your forex education. If you have no previous experience in trading, what you'll want to do is to find some books on technical analysis and get a general understanding of what charts and indicators are. Boris Schlossberg's Technical Analysis of the Currency Market is recommended because this book is specific to the currency market. When selecting which books to read, check out what people say about the book so as not to waste your time and effort.

If you are not satisfied with the knowledge you from brokers, the internet or forex books it is best to purchase a forex trading course that clearly outlines how you can identify entry and exit signals, come up with your own technical analysis and all the things you need to know about trading. Online courses, especially if made by a respected mentor can greatly help you advance in currency trading. Once you are aware of the basics of the forex market, it is up to you if you prefer to join forex seminars.

But of course, the best form of educating yourself is by doing it. Remember the old adage, experience is the best teacher? That definitely applies in learning currency trading. The more you learn about forex, your chance of succeeding also increases. As more and more traders find out what really works in this kind of business, the losing rate will surely decrease.

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Filed under Global Economics: Forex News and Fundamentals by Natasha Silverman

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