A Currency Trading How To Guide

I'm going to share with you a currency trading how to guide. This should help you become an overall better trader, which will result in better profits over the long term. This is a great business opportunity for individuals to make a second income from their own home.

Have A Game Plan: The worst thing you can do is hop in front of your computer in the morning, turn it on and figure out what you're going to do for the day. You need to have a game plan to be successful in this game. A game plan offers a few very important points. The first is that it gives you action tasks, instead of thinking tasks. You don't have to think about what you're going to do, you just do it. The second point is that you need to evaluate and calibrate your strategies. You just do something for one day and figure out if it is good or not. That's why you need a game plan you can apply day after day, so you can eventually figure out what is good and what is bad.

Play With Good Margins: When starting out it is instinctive to do small trades with small margins. The reason is simple: you risk less and you can learn more. That is perfectly fine and I support that, but the problem arises when you look at your bottom line. You're going to end up with distorted picture of what your real trading capabilities are. Your broker takes a cut, so if you make a small profit, a significant portion of that will goto the broker. As well, if you make a loss, your brokers cut will be added onto it. That means your profits are smaller and your losses are bigger. You get the idea that you're losing, when in reality you could be ahead if the margins were better. Be aware of that.

Keep It Simple: You don't have to over complicate everything. Yes, you're working to make an income from home. No, it's not rocket science. The more simple you keep things, the easy it is to follow and apply correctly.

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Key Credit Repair Skills For Increasing Credit Report Scores Part10

You probably have the experience of missing a few credit payments. And lenders often automatically include a fee charge for non payment, this being the admin fees for your default account which will eventually require more follow through effort from the lender. In addition, your lender will include interest charges on the outstanding amounts as well. This is penalty for not paying your bills on time thereby incurring a certain amount of interest. To compound this scenario, worst of all you have created a ding on your credit, and hence a bad record in your credit report. If you ignore this outstanding balance and let it accumulate, expect to see your credit score reduce significantly.

Getting that Waiver is not the issue. Ego is.
You have a sure win choice. But you may not use it due to your ego. You could in actuality reduce or remove those late fee charges and additional interest charges in most cases. Call up the lender or your banker, and you probably will be waived of the charges. Lenders want to get paid, and if they believe that you will pay your bill more quickly by waiving the late fee and interest charges, they will more often than not remove the fee in exchange for prompt payment.

Face Up The Embarrassment And Salvage Your Credit Report Score.
The issue here is not how to get the charges waived, but more so on how you work around that huge ego of yours and rationalize between saving face and money. For some people, even the thought of asking for waiver over the phone is beyond them. This is also one key reason why some people choose to enlist the assistance of credit repair companies instead as getting a third party to help smooth out the embarrassment of asking lenders for grace periods, chargers waivers, negotiations are much easier than doing it themselves. Obtaining waivers on behalf of clients is the credit repair company top weapon as the first step in their repair service.

You Gain More Financially.
The greatest benefits of overcoming the embarrassment and doing the above yourself are that you are more committed to pay your bills in future, more soul searching and finally you do not incur any additional charges from credit repair companies.

The best kept secrets in the credit Repair industry is that getting waivers for fee charges is the first and key services that they perform on behalf of clients. So imagine the amount you could have saved, your credit repair company service fee not to mention the late fee and interest charges if you could do it yourself, and at no cost too.

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Introducing Options Strategy ? Vertical Spread

There are more than 20 options strategies can be applied, but one of my favorite is Vertical Spread. The meaning of vertical spread is that you purchase and sell options of the same type (same stock symbol) with same expiration date but with the different strike price.

In Vertical spread, you can choose to apply bull put spread, bear call spread, bull call spread and bear put spread. Bull put spread or bull call spread can be applied when you think that the stock is bullish, that's what the bull word imply. And if you think the market is bearish, use the otherwise strategies (bear call spread and bear put spread) which have the bear word in it.

When the option sold is more expensive than the options bought, there is a net credit, this strategy call vertical credit spread. Both Bull put spread and Bear call spread are credit spread. Therefore, without fail you have the money in your pocket immediately after the button click on screen.

The benefit of using Vertical Credit Spread is that you can limit your loss due to the spread. Take an example, if your spread difference is $5, your limiting lost will be $500 (every option contract = 100 stock, therefore multiply by 100). The smaller the spread, the better chance to win as you minimize your risk.

My preferred strategy is using 2.5 spread, for example, sell/buy a pair of options strike price of 25 and 22.5, the difference is the spread which is 2.5 in this example.

On the other hand, selling a spread is normally better than buying a spread. Becoming the seller makes you have the advantage of the time value of the options. As you know that when option price is decreasing when close to the expired date, like a water fall pattern, time is on your side.

For an example, if you are selling QQQQ strike price 45 and buying the strike price 43, you have 2 dollar spread. Selling $0.8 option of the strike price 45 and buying at $0.3 option at 43 strike price make you have the credit of $0.5. If QQQQ hovers above 45 until the expiry date, you earn the credit of $50 ($0.5 x 100) by letting both of the options becoming worthless.

Nevertheless, set the stop loss at the level of the sold option minus the credit earn, if you use the above example, the stop loss should be at 44.5. Never allow the stock price drop further than the stop loss target, if it does, buy back the sold leg and let the bought leg run.
If you really want to play safe, cut the loss and close the position when the stop loss is triggered.

Doesn?t it sounds too simple to be truth? Find out more from options trading Academy.

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Conserve H20 And Watch Your Savings Grow

It is not enough that you are aware of water being a very important resource. You should also be aware that it is a very scarce resource. In some countries, women walk tens of kilometers to fetch clean water. Before you soak on that bath or let another dripping faucet off the hook, know that when you conserve water, you not only add up to your savings, but your water conservation efforts constitute your social responsibility, too.

Here are a number of tips on how you can conserve water, save to fatten your wallet, and also help others get their fair share of this precious resource.

1. Repair leaking faucets and bathroom fixtures. That faucet or cistern drip adds up to gallons of water wasted and water bills being bloated. A wrench and some sealer may be sometimes all it takes for you to do your share of water conservation.

2. Learn a few water-saving tricks like putting a brick inside the cistern so that instead of 7 gallons being flushed down the drain, you are down to 5 or 6 gallons. Don?t flush trash in the bowl; not only do you waste clean water but you run the risk of your toilet being clogged, too. Turn off the shower while you are lathering; you save on water and you save on the shower gel. Don?t let the faucet run when your brushing your teeth; fill a glass with water and proceed to brush. Your dishwasher drinks up dozens of gallons of water so optimize each run by having all your dishes done one-time. Same holds true for your washing machine: wash at the machine's optimum load, not a few hankies and undies at a time.

3. Don?t flood your lawn with the automatic sprinkler; make sure the grass just gets the required amount of watering and turn off that sprinkler on time. Your garage or driveway may be awash with oil spills but before washing them off, sprinkle sawdust or sand first so that don?t use that much water washing those spills off. The patio and the gazebo are dusty and strewn with dry leaves? Of course you can wash the dirt away but if a broom and pan will do, why waste that precious water?

4. The exterior walls of the house and the fences are in need of a wash-over but you can time it during the next rain-shower so that you don?t use as much water as when you do clean during a hot sunny day. The glass windows can maybe use just a damp cloth and old newspaper to have that sparklingly clean look instead of pouring water on them.

5. Teach your kids and other house mates to be responsible in their use of water. Turning off the faucet or the shower to its tightest takes just a little effort and ensures there are no precious drips. Don?t let the tub overrun; they can soak and yet be responsible at the same time.

Follow these simple water conservation tips to help the environment and your wallet at the same time.

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