Posts Tagged ‘money’

Dragonfly & Gravestone Doji Candlestick Patterns- A Rare But Highly Profitable Patterns!

Mar 10, 2010 Uncategorized

Candlestick Charting is one of the most powerful tools in the trading arsenal of any trader. Candlestick Charts apply to any market no matter what you trade-stocks, forex, futures, options, ETFs, commodities, bonds and others. With one simple glance on the chart, you can figure out the sentiment of the buyers and sellers in the market. There are many candlestick patterns that are used as trading signals. Some are simple while others are complex. Doji Candlestick Pattern is a simple pattern that is very easy to spot. It has no body. It is formed when the opening and the closing prices are the same. So, this pattern is all wicks with no stick. It literally looks like a Cross on the chart. So you can easily spot it. But it is very rare as the security opening and closing prices are seldom equal! Doji has some variations. We will discuss these variations in this article!

In other words, the opening and the closing prices should be the same for a Doji to be formed. So for a Doji to be truly formed on a trading day, throughtout the trading day heavy buying or selling may take place but at the end of the day, the price should be where it had been at the start. In other words, the opening and the closing prices should be the same for a Doji to be formed.

It is a signal that the battle between the bulls and the bears had been a draw during the trading day when a Doji is formed with the opening and the closing prices equal. Soon, either the bulls or the bears are going to previal. In other words, a trend reversal is about to take place.

A Dragonfly Doji pattern is unique in the sense that the opening, closing and the high prices are all the same or equal. A Dragonfly Doji is formed when the stocks opens, trades down during first part of the day. During some part of the day, the price starts to climb again and eventually closing on the high which is the same as the open.

When a Dragonfly Doji is formed, bears initially decide to rule the market. But at some point the bulls step in and decide to buy again. When the bulls step in, they start pushing the price up. As the bulls dominate the trading day, the security price ends up right where it had started.

The low on this pattern can be taken as the support level because this was the level at which the bears entered the market and started buying. Dragonfly Doji is considered to be a bullish candlestick pattern.

A bearish Gravestone Doji Pattern is formed when the open and close of the day is equal to the low of the day. This is the most bearish of the Doji patterns. A bearish Gravestone Doji pattern signals the start of a prolonged downtrend in the security price.

As said before, this pattern is rare but very easy to spot on the chart. When it does form, get ready for a trend change!

Mr. Ahmad Hassam has done Masters from Harvard University. Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide! Get this 49 page Quantum Swing Trading Report plus the shocking Profit Button Report that applies no matter what you trade-stocks, forex, futures or options FREE!

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Expanding Your Business By Expanding Your Knowledge

Mar 7, 2010 Uncategorized

If you are planning on running a business online where you are selling services or products, you will need to find a way to accept credit cards. In fact when was the last time you saw a company selling products online that took money orders or checks?

If you just place another hurdle for them to jump over, they will get fed up and leave your site. Instant payment is expected by every internet user so whether you are supplying a service or product you need to be able to send it out as soon as payment is made.

They know that by providing this service, people will keep returning to order more products. It doesn’t matter how new your website is, you will need to arrange online payments this way as soon as possible.

Trying to run an e-commerce site without this type of electronic payment facility will be difficult at the very least and could mean that it will ultimately fail. As it is possible to use more than one method to accept credit cards online, many larger internet businesses use more than one to attract additional customers.

One of the systems becoming very popular with internet users is Paypal although there are others that are very similar to types you will find at any establishment that accepts cards. Paypal is not as common as the first method, but it is gaining in popularity.

With Paypal, an account is created to speed up the payment process and a number of credit and debit cards can be used within the account. This is something you must be prepared to provide.

For a site accepting credit cards online, it must ensure that every transaction is encrypted so personal details of the card user cannot be used at another time for dishonest purposes. Any website that accepts credit cards online will be a secure site with the first letters of the website address being https://, This provides peace of mind to the user, so if you do not have this facility your customers will go elsewhere. Your customers want their credit card details to be safe from prying eyes so you need to make sure you do everything you can to keep their credit card details secure to make them feel at ease about ordering through your site.

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Spot Trading Gold On Forex Shocking Secrets

Mar 5, 2010 Uncategorized

Have you ever given a gold ring to your friend as a token of your true love? Gold has been the most precious metal from the dawn of civilization. It is still considered to be the ultimate currency and the ultimate store of value in times of political uncertainity. For the last ten years, the gold market is in a secular uptrend with the spot prices having recently breached the historical barrier of $1,200 per troy ounce. After that there was a retracement and the prices did come down to around $1,100 per ounce but this uptrend is expected to continue for sometime.

In the last decade, many investors turned towards forex after the historic crash in the stock market. Many small investors lost more than 60-70% of their saving accounts in the stock market crash. Now, forex is a great money making opportunity. It is being said that forex trading will make many millionaires in this decade.

Many people don’t know this that you can trade gold on forex too. Many forex broker platforms that you use to trade forex, allow trading of gold and silver against the US Dollar (USD) from the same platform. Both these precious metals have high demand in the industrial sector and as the global economy recovers from the recession, the prices of gold and silver are expected to skyrockets as industrial production picks up and consumers start buying again. When you trade a currency pair, you go long on one currency and short on the other. In other words, you simply buy one and sell the other.

There are many currency pairs that you can trade like the GBPUSD, EURUSD, UADUSD, NZDUSD, JPYUSD. Spot trading gold on forex is almost similar with gold replacing one currency in the pair and the other currency is always USD. In case of spot gold trading on forex, you trade one ounce of gold in the spot market againt US Dollar (USD). So just like when you trade a currency pair, when you trade gold on forex, you are taking either a long or a short position in gold against USD.

Now, suppoe the price quote in the spot market is 1100 XAUUSD. What this means is that one troy ounce of gold in the spot market right now is equal to $1,100 USD. So, in spot gold trading on forex, you are trading one troy ounce of gold against USD. Interestingly the symbol for this is also XAUUSD with XAU representing one ounce of gold.

Just like any currency pairs, stock or for that matter any security, the price quote in the spot gold market has got a bid-ask spread. Suppose the price quote in the spot market is 1110/1115. This means is that you can buy one ounce of gold at a rate of $1,115 and sell one ounce at the rate of $1,110 to your broker. Now, spot gold trading on forex is a fast moving market. Due to the fast moving nature of the spot gold market, the spread keeps on changing throughout the day!

Now a standard lot in currency trading is equal to $100,000. But in case of gold on forex, a standard lot is equal to 10 troy ounces of gold. So, if you find the price quote to be 1112/1117 and you are interested in going long. In that case you will have to buy 1 lot of gold that is equal to $11,170. Spot gold market is a fast moving market and the price quotes keep on changing. So, suppose just after 60 minutes, you find the quote to be 1120/1126. You see a profit and decide to get out selling at $11,200 making a profit of $30. Now if you had used leverage, you would have needed a much lower initial investment to make a profit of $30 in just 60 minutes.

Gold and USD have an inverse correlation relationship. What this means is that the gold prices and USD move in opposite direction in the long term. This inverse relationship may not hold in the short term. But if you are a trend trader or a position trader, you can hedge your position in currency pairs that have correlation with gold prices by taking opposite positions in the spot gold on forex market.

Mr. Ahmad Hassam has done Masters from Harvard University. Download this 1 Minute Forex Trading System FREE. Get this Forex Swing Trading Forex-4 Pack Training Kit FREE!

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How To Back Test Your Trading System? Know These Shocking Limitations!

Feb 27, 2010 wealth building

Your trading system needs thorough testing before you decide to trade live with it. A trading system might comprise of a set of indicators. You need to know how well your trading system and its set of indicators work in a particular market.

How to do backtesting? Backtesting uses historical data to test the performance of the trading system under the past market conditions. Using a backtesting software makes it very simple and easy.

There are many problems with historical data. There is no slippage in backtesting. Slippage is one of the most important problem that a trader faces while trading live. The other problem that the backtest ignores is the widening of spreads under volatile market conditions. So backtesting results are no guarantee that the trading system will perform well under live market conditions. Things that worked in the past might not work now. Similarly something that didn’t work in the past, may work now! You never know!

In other words, no two trades work out in exact the same way twice. SO you have to be careful when looking at the back testing results and take it with a pinch of salt. However, there are still some advantages of back testing a trading system.

Back testing can give you a feel how a particular market behaves under certain conditions. Back testing can also spot you certain general characteristics of the market like the seasonal trends and market tendencies.

For example, some markets especially the commodities market is highly seasonal and cyclical in nature. Now in other markets, you might not find any seasonal trends. For example, there is very little seasonality in curreny market or the bond market. In case of the stock market, there is much talk of the January Effect. Well, it is there no doubt about it. Some years, it is highly pronounced and others it is not that pronounced. Similarly stock prices tend to rise at the end of each month and the first few days of the new months. The reason for this is that many institutional investors tend to put the new funds to work at the end of the month and the beginning of the new month!

Back testing can also help you establish the amount of time a particular market tends to run in a certain direction. For example, in case of US Dollar Index, its trend lines tend to last for months to years.

There is no substitute for live trading results! To tell you the truth, backtesting can only give you a rough guess about the performance of the trading system under live trading conditions.

Mr. Ahmad Hassam has done Masters from Harvard University. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly! Read this shocking FREE 40 page PDF FRWC Brutal Truth Report that exposes everything about trading robots!

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How Momentum Investing Can Make You Rich?

Feb 27, 2010 wealth building

There is a difference between trading and investing. Trading is always short term while investing is long term. The time horizon in trading can be as short as a few minutes to a few days to a few weeks. Whereas in investing, the time horizon can be months to years. Many people day trade or swing trade stocks, currencies, futures, options, ETFs, commodities or other markets. In day trading, a trader opens a position and closes it in the same day making a quick profit. In swing trading, a trader tries to ride a trend in the market as long as it lasts. On the other hand, an investor is least pushed about the short term swings in the market. He or she has a long term time horizon like a few months to even a few years. This long time horizon matches their investment and financial goals!

Investors in theory can wait for a long time to see their stock pick to play out. A company’s stock may be ridiculously cheap. But it may stay like that for a long time before it catches everyone else’s attention and the price is bid up. It might be good for investors to learn a few tricks from traders especially day trading that can help them make a few quick bucks.

There is a general problem with so many investors. They fall in love with their investment after doing so much research and committing so much time for the position to work. Now, day traders are always hit and run types. They have developed an innate sense of discipline among themselves that teaches them when to commit money to a trade and when to cut and run. So, many investors when they fall in love with their investments on the long run forget this cardinal rule of trading that you have to cut your losses. Market least care who you are and how long you have been in it.

When, there is momentum behind a security, it means that it’s price will continue to icnrease as long as it has got momentum. This way by investing in stocks having momentum behind them, you avoid the risk of getting stuck in stocks that might not move for months and months.

When a security goes up in price with a strong demand underneath it, it said to have price momentum behind it! Now, as a long term investor, you should look for securities having momentum behind them just to avoid getting stuck with securities for months before they start moving. It pays to be patient. But it works even better when the money that you invested works for you while you wait.

How to you find that a security has got momentum behind it? You can use these technical indicators like the MACD ( Moving Average Convergence and Divergence), RSI (Relative Strength Index) or the Stochastic. A swing trader is also looking to ride a trend as long as it lasts. A trend lasts as long as it has got momentum behind it. Momentum investing is similar to swing trading.

Momentum investing can also lead to bubbles like that happened in the dot com bubble in the last few years of 1990s. It is always a good idea to do some fundamental research on the companies before doing momentum investing.

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Internet Payments And Today’s Online Transactions

Jan 27, 2010 wealth building

In today’s internet market, it really isn’t possible to run any business that does not accept credit cards online. With the improvement in order processing, who in their right mind is going to offer checks and money orders as a method to pay for orders made online.

If people have to take the time to send in cash or a money order, they are going to get frustrated and would order elsewhere. You need to have a way to take a payment instantly so you can get your product or service up and out the door as soon as your customer orders it.

All successful sites know their customers are looking for an instant service where they can pay and expect the order to be dispatched that day. If you don’t take payments this way then you should esquire about having the option of online payments available as soon as you can.

Trying to run an e-commerce site without this type of electronic payment facility will be difficult at the very least and could mean that it will ultimately fail. There are a few different ways to accept credit cards online, but it doesn’t matter which you choose as long as you choose one of them.

You can have a system that takes the card numbers much like they do in retail stores, or you can use Paypal to accept online transactions. Although Paypal is fairly new as it was only created to work with ebay originally, it is not as common as other methods of online payment.

More importantly, the facility makes users feel very secure. Internet users can be fickle but they do like to know the site they enter is safe and secure for them to use when making online payments.

For a site accepting credit cards online, it must ensure that every transaction is encrypted so personal details of the card user cannot be used at another time for dishonest purposes. If you want to accept credit cards online you have to have this facility or your customers will most definitely think twice before they put their information in your ordering system. Your customers want their credit card details to be safe from prying eyes so you need to make sure you do everything you can to keep their credit card details secure to make them feel at ease about ordering through your site.

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How to Keep Saving for Retirement and Ignore Economic Indicators

Jan 24, 2010 wealth building

Strategies for personal finance are so often tied to the ebbs and flows of the financial markets that it can be difficult to keep up. Certainly, the days of a bull market encourage additional investing and less saving, but too often selling occurs when the markets go soft.

Saving for retirement should never be something dependent on the performance of certain stocks and other economic indicators. In the end, all that will be left is an individual’s nest egg, or the lack thereof. So how can you continue saving for retirement despite the crunch in other areas of life? There are five great ways to continue your march toward a retirement you will truly enjoy.

1. Keep the percentage of money saved versus money earned intact, no matter how much your income may waver. Whatever percentage you have calculated to be ideal, it will probably seem ludicrous when you can barely pay all your bills. Nonetheless, it should be a time to cut out all the other expenses. Retirement funds should never be compromised. Keep in mind that goal when your career is over, and all the pleasure you plan to take in stepping out of the workforce.

2. Ignore a little debt, at least temporarily. As the economic crunch hits and people begin to get wary of debt, the money traditionally reserved for retirement savings may end up going toward debt payback. Instead of pulling these funds away from a retirement fund, keep them coming and let the debt slide short-term. The amount your money will grow long-term will outweigh the punishment you receive for the temporary hiatus.

3. Re-examine your original retirement figures. In certain instances, it will come to a financial advisor’s attention that a client is actually saving too much in a retirement plan. The result is not an abundance of cash in retirement, however. Because of some tax structures, retirees will end up seeing less money in the end. Make sure your calculations are accurate so aren’t doing yourself an injustice later.

4. Don’t be constricted by any arbitrary guidelines. While the traditional line of thinking is that age 65 is the time to quit, some unfortunate swings in the market may make that proposed date inconvenient. If so, you could see immense benefits in working until age 67, or staying on part-time for several years. It may be a way to ease out of the social circle of work while securing your retirement savings for good.

5. Use the tax-friendly resources while you have them. Tax-protected plans are one of the best ways to keep retirement plans going. The trick is you have to use them. Over 30% of those with access to these plans are not using them. Setting up automatic deductions is an excellent way to keep it going every month, regardless of what’s happening in the markets.

There are some things that should never be compromised in life; retirement plans should be right at the top of this list.

Gnifrus Urquart realized you need to start saving for retirement early. This is why he set up his own DIY superannuation and outsourced it to Premier for Self Managed Superannuation Administration.

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Forex Trading Explained: How The Pros Make Money!

Jan 18, 2010 wealth building

Although we typically write about the stock markets, we we would have a look at a different aspect of the finance world. There’s a great deal of individuals that have heard about forex trading and are curious about how they can make money, so hopefully this article sheds some insight.

Because you can trade currencies directly on your computer, there is a lot more people making cash with forex trading.

The basic principle is the same – you need to buy when the cost is low and sell when the price is high. All currencies are frequently changing in rate, which means be selling a particular currency for more than was paid for it, cash is made.

It’s time to take a look at what causes currencies to change in value. There are a number of elements, but I want to quickly look at a couple of the important ones.

One of the largest factors in determining currency costs is interest rates. The greater the interest rates in that country, the more international investors will want to invest in that country. The surge in investments in the country causes a higher exchange rate as more individuals are purchasing the currency. When you can forecast when a country will boost their rates of interest and buy the currency prior to it happening, it is very likely that you will earn a large profit.

You will find countries that have a currency whose rate is very much tied to commodities. Certain countries that are large exporters of commodities will have a currency that wavers as the cost of a certain commodity does. The greater the cost, the more demand exists for the currency from other countries and this causes a boost in price of the currency.

If you want to make cash with currency trading, always think about buying a forex trading computer program to help you out. These programs are designed by master forex traders and are able to use info from the currency markets in order to spot out which currencies to buy. There are lots of currency traders use only these types of computers programs to earn their cash, but I personally tend to utilize these programs along with transactions based on my own intuitions.

People can make a good deal of income in the currency markets. After you get the right trading tools, it’s an exhilirating way to make additional money..

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Lean to Play the UK Lottery

Dec 26, 2009 wealth building

Take a moment to familiarize yourself with the games and lottery terminology, and you’ll soon be on your way to playing. Being new to the UK Lottery is no excuse for not playing.

To begin, there are a number of instant win games to be played online, such as EuroMillions, Dream Number, and Lotto.

EuroMillions consistently offers huge jackpots thanks to the participation of nine European countries. Jackpots usually start at 9 million and grow as the jackpot goes unclaimed. You play by selecting five main numbers, 1-50, and 2 Lucky Star numbers, 1-9. You can play up to four lines on a single play slip or up to five slips with multiple tickets. You can play the same numbers for as many as four weeks. All you have to do is match three numbers in the correct combination to win from one of the 12 prize levels. If you match the five main numbers and the two Lucky Star numbers you win (or share) the jackpot!

Generally tickets for the EuroMillions are sold everyday until 11 p.m but for the fridays when tickets are sold till 7 p.m. You can watch the results on BBC One at 11:35 p.m on fridays or the results are readily available online from 10 p.m onwards.

Lotto works in the same fashion. You can pick your own numbers, 1 to 49, or play online, choosing “Lucky Dip” for random number generation. One play slip has up to seven lines of numbers, multiple tickets have up to 35 lines. You can choose how many weeks you want to play, and which draws. Up to eight weeks can be played, starting with the next draw date. Winnings will be determined by the number of matches on you card

You can also play Dream Number on your Lotto play slip or by itself. The Dream Number is a 7-digit number that gives you the chance to win up to 500,000. There are scores of Instant Win games including those based on Scrabble, Monopoly and those based on upcoming holidays and events. Prizes range from 8,000 to 100,000 and more. Playing is simple and winnings are, obviously, instant!

You can get even more comfortable with playing the lottery by learning some of the terms. Here are a few you’ll need to know. Bearer instrument – Any item (including paper lottery tickets) that gives the person holding it the right of ownership. Regardless of who buys a paper lottery ticket, the person who has it in their possession can claim any prize it wins.

Bonus Ball – An additional number selected after the primary numbers are drawn, as in the UK Lotto game. It has no bearing on the winning jackpot number, but can earn a better prize for the runner-up.

RNG – The software that generates the numbers in a random pattern is called RNG, Random Number Generator. Rollover is the term used to describe what happens to a jackpot fund when no player wins it. The jackpot amount is generally be counted for the next draw.

Tom Martens is the content coordinator at UKlotterytickets.co.za. South Arica’s primary portal to the UK Lottery.

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Getting Your Feet Wet – Start Investing

Dec 25, 2009 wealth building

If you are anxious to get your investments rolling towards the future, you’ll be able to start immediately without having a lot of knowledge regarding the stock market. Start by being a conservative investor with a lower risk tolerance. This can offer you a way to make your money grow, whilst you gain knowledge about investing.

Start with an interest bearing savings account. You may already have one. If you don’t, you should. A savings account may be opened at the identical bank that you are doing your checking at – or at any other bank. A savings account should pay two – 4% on the money that you have on deposit in the account.

It’s not a large sum of money – unless you have 1,000,000 dollars in that account – however it is a start, and it is money creating money.

Next, invest in cash market funds. This could often be done through your bank. These funds have higher interest payouts than typical savings accounts, but they work pretty much the same way. These are short term investments, therefore your money won’t be tied up for a long amount of your time – but once more, it’s cash making money.

Certificates of Deposit are sound investments with no risk. The interest rates on CD’s are typically above those of savings accounts or Money Market Funds.

You’ll be able to select the period of your investment, and interest is paid frequently until the CD reaches maturity. CD’s will be purchased at your bank, and your bank will insure them against loss. When the CD reaches maturity, you receive your original investment, and the interest that the CD has earned.

If you’re just beginning out, one or all of those 3 sorts of investments is the simplest beginning point. Again, this can permit your cash to begin creating cash for you while you learn a lot about investing in other places.

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