Business | Finance

FOREX Trading – Using Economic Reports & News For Profit

Posted on July 1, 2019 by

The internet has seen a massive growth in both the quantity of news and speed of delivery and many novice traders think this will help them win, however in most cases it simply helps them lose and lose quickly.

If you are looking at economic reports and news you need to consider one important fact first:

50 Years ago, 90% of FX traders lost and today the figure still remains the same – despite the advances in news forecasting and speed of delivery.

Most novices who watch news reports or trade off economic reports and fail miserably in their FOREX trading.

Why?

Firstly, they do not realize that news is discounted by the market immediately and this is more true than ever today with any news available in any corner of the globe in a split second.

Secondly, if they see a so called expert talking about why a currency should fall it may sound convincing but that does not mean the market will go the way they say.

Sure, it's a convincing argument but these guys are giving opinions and are NOT traders.

An economist can always tell you why something has happened in hindsight, but is not so clever about telling you why something will happen.

Investors Determine Price Direction!

The fact is the news is not important in itself – it's how investors perceive the news that's important.

Humans make subjective judgments and all their opinions combined move the market price.

A Better Way To Trade

For most novice traders a better way of trading is to simply follow charts and use technical analysis.

As the marketing is a discounting mechanism you can simply assume all fundamentals will show up in the price instantly.

You can then simply follow the reality, rather than trying to second guess where contracts will go.

You will trade on the reality of price rather than predicting it.

Keeping Emotions Out of Trading

When you hear a convincing argument it's easy to let your emotions get involved and trade with the losing majority.

Technical analysis allows you to set back from the market and see things without emotions and get a clear perspective.

The fact that the news is bullish or bearish for a currency makes no difference on where it will go.

If you take major currency changes the fact is:

They tend to fall heavily when the fundamentals are most bullish and rally when they are at their most bearish.

Will Rodgers famously said:

"I only believe what I read in the papers"

He was joking of course but many FOREX traders do exactly this – believe what they read and hear and then lose.

Trying to trade off news stories for most traders is a complete waste of time and energy and sees them lose – do not make the same mistake. …

Financial Problems Around The World

Posted on June 30, 2019 by

As much as economists try to avoid this situation, it seems that the economic downfall of a country or domain affects the surrounding nations and market fields, as well. Initially, it was believed that a separation of each economic field would prevent financial recessions from happening as the crisis within one domain would not affect the rest of the domains. In 2008, however, a series of events came to shatter this belief down by proving that a disease in the bank industry can weakened all the other industrial branches.

The instability of the two biggest currencies in the world, the dollar and the euro, has had powerful effects over the other nations that used to make business with companies in the West. Everyone expected the Japan and Chinese companies to gain popularity during the years of the economic recession and the Asian continent to become one of the main players on the market. However, it appears that American companies were their main buyers; Thus, the low buying power of the American customers has produced significant losses in the income of the Asian companies.

Europe, as we very well know it, is affected by the downfall registered in the stock market as most of the countries import oil. Currencies in Europe are connected to the Federal currency as the price of the oil is given by the US dollar. If the value of the American currency lowers, the price of gas increases and thus, the entire Europe will be affected by these growing rates. As a consequence, the increased price of the gas will determine a growth in the costs of numerous other products that are transported and delivered in stores with the help of trucks, cars and other means of transportation.

Third world countries have always had financial and economic problems and their issues seem to aggravate in the years to come. Since many of the local or multinational countries have been forced to close some of their headquarters, the rate of unemployment in third world country has gone sky-high. Consequently, many more protests are expected to take place in the following five years all over the world, especially in these underdeveloped countries.

People have the power it takes to overcome this difficult period; all they have to do is to reduce the amount of unnecessary expenditures and become aware consumers of products. Adopting an optimistic attitude will turn out to be very helpful as we can use the current economic downfall to invest in tangible products, such as, gold coins that will later on, improve our income. …

4 Dirty Tricks That Financial Advisers Play

Posted on June 29, 2019 by Lucille Stouch

When it comes to money you want the most competent financial advisor to help you grow your assets and provide you with income, especially at a time closer to your retirement. However, over the past few years hundreds of millions have been lost due to bad investment advice from greedy financial advisors who know very well that the products they advertise are way too risky for average investors. The best product for you may or may not be the one that generates the highest commission for them, I have seen many investors blindly trust their advisers and buy a lot of low quality investment products that end up costing them a lot of money. It is important for you to understand that just because something is unethical does not make it illegal, and the current regulations do not provide enough protection for you as an investor. It is, therefore, very important for you to know the common tricks.

Some private bankers even went as far as breaking the law to profit themselves. Take the case of Kevin Wallace, an ex-Merrill Lynch private banker who offered financial advices to many Asian tycoons and their families in the late 90s. Mr Wallace was a Harvard Business School graduate, a high profile banker accused of unauthorized trading and later sent to jail. Singapore’s high court found Wallace guilty of forging signs and trading stocks without client permission. The incident was discovered by suspicious clients who complained to Merill Lynch that. Wallace had told them that there was no need to look at the official documents from the bank as they were incorrect. Interestingly, none of the bank’s support functions such as risk management, operations, compliance and audit was able to detect the funny business before the clients made a formal complain which triggered a high level investigation. Visit SEO company.

Mr Wallace was asked to resign shortly after. Merrill Lynch later filed a case against him and the judge ordered a payment of US $ 25 million to be made by Mr. Bush. Wallace to the bank.

There are several common tricks that financial advisors play:

Trick 1: Offering financial advices for “free”
Good, experienced private bankers charge a service fee for conducting careful research and analysis. They would carefully review a client’s financial goal, investment time span, risk tolerance and special family needs before deciding if certain portfolio strategies are appropriate. They would also disclose any conflicts of interests in the asset allocation process. Most advisers you meet out there, however, are only salespeople who get paid by the number of financial products sold. I would say about 60-70% of the advisers belong to this category. Because they do not get paid unless they are successful in selling certain types of products (often complex, risky derivatives), advisers would often recommend products that are inconsistent with your overall investment goal. The “free” advice you received often turn out to be very expensive as your portfolio loses tens of thousands of dollars.

Trick …

How a Home Loan Calculator Can Be Helpful to You

Posted on June 28, 2019 by

Home loan calculator is the automated tool that helps the user to automatically determine the EMI of the loan by provicing the inputs of total loan amount, repayment period and rate of interest.

Such calculators are used by most of the professional in the banks and other home loan departments to calculate the loan EMI and save time. This tool is freely available on internet and can be downloaded easily for home use. One can also calculate the loan amount and find out the estimated and planned loan amount with interest sitting at home and just providing the basic details about the loan. This tool is providing much beneficial for the professionals as it saves much of their time. Any changes in the interest rate or loan amount do not require making changes in whole calculations from the beginning, but you just need to change the amounts in the relevant columns.

If you are thinking of buying a new house and do not have any idea about the home loans and the terms associated with it, the home loan calculator is the best option for you. Here, you just need to enter the figures of the loan amount required, interest rate charged by the bank and repayment period and you will directly get the details of the loan payment and the principal EMI amount.

Columns in the Home Loan Calculator:

Home Loan Amount: It is the total amount of the loan required by the individual for starting the business. Entering this amount and filling the other necessary details, you can know what will be the monthly installment for that particular loan amount.

Annual Interest Amount (%): This column requires the input of the annual rate of interest charged by the bank or the money-lender on the home loan. The annual interest amount can vary from bank to bank and lender to lender.

Home Loan Term: This column represents the total repayment period of the complete loan amount including the rate of interest. The borrower has the option for choosing the repayment period according to his paying capabilities. If he chooses the short-term period for loan repayment, the monthly EMI for the loan amount will be higher. If the repayment period is maximal, the EMI will be minimal.

Starting Month: The EMI starts after the loan is disbursed to the borrowers. You can provide the month when your loan process is completed and loan is ready to disburse in this column.

Display Usage: This calculator also provides you with the option for displaying the output information in the tabulated or plain text format. You can select any one option as per your interest.

This loan calculating tool is gaining popularity for being used by many people for evaluating the details of the home loans immediately with proving some input figures. This tool can save your time and without going to the banks you can calculate the estimation for the home loan if you know the interest rate charged by different banks. …

Credit Cards Paving The Way Towards A Cashless Society

Posted on June 27, 2019 by Lucille Stouch

Over the last 40 years since their first introduction, credit cards have rapidly become one of the most used methods of payment for goods and services. This summer it is predicted that in the UK there will be a 35 percent increase in spending using plastic between the months of July and September compared with the same period last year. Many financial analysts believe that as soon as online shopping carts and credit cards can effectively process micro payments then cash is set to quickly become a thing of the past garage door repair fort worth.

It seems as though credit cards have come a long way since the first Barclaycard credit card was introduced by Barclays in June 1966.

Back in 1966 half the UK population did not even possess a basic bank account, and the first cash machine was not opened until a year later, in 1967. Today there are an estimated 32 million credit card holders in the UK alone. The latest figures from APACS, the UK payment association, indicate that the average card holder now owes a total of £ 1772 on their credit card spending alone.

According to a quote on Moneynet.co.uk credit card news by Patrick Muir of Morgan Stanley, “The increase in spending levels year-on-year demonstrates the rise in comfort levels in buying both big ticket and everyday purchases on credit cards. are also becoming increasingly savvy when it comes to being rewarded for the purchases they make and with a raft of schemes available, from high street discounts to cashback, spending on credit cards is becoming more appealing than debit cards. “

While 24 percent of card purchases have been spent on groceries, this summer has also seen one of the largest increases in credit card spending on trips abroad, where people have typically paid out an additional £ 110 more than 12 months ago.

The UK seems to have become a thoroughly plastic society, with consumers now using the security and flexibility that completing sales using debit and credit cards has to offer, reaching 6.2 billion transactions last year being made by card in the UK and abroad. The predictions are that plastic cards are set to increase even further over the next few years with increased online spending, greater retail usage, and with less traditional providers offering their own financial services to customers. With the use of ‘physical’ money, in the form of cash, rapidly reducing in its importance, it looks as though the analysts could be proved correct; maybe the completely cashless society is not that far off.

http://www.gransha-taxi.co.uk/Belfast-airport-taxis.htm…

A Financial Advisor for Private Wealth Management

Posted on June 26, 2019 by

Private wealth management, usually abbreviated as PWM describes the investment and financial management services provided to investors and include aspects such management of trusts, real estate, businesses and stocks planning. Investors with vast estates and business usually desire a level of anonymity and most of the time the banking transactions are handled with high security levels and strict rules on confidentiality. Most of these investors need a dedicated account manager and a financial advisor who will guide them in the different aspects of the management of their wealth. Many financial and investment institutions offer these kinds of services and in order to find the best type, the investor should ensure that they check out a number of things in order to select the most effective financial advisor.

Since the financial advisor will help the investor achieve their goals, it is important that the investor will check out their background information as this will help them determine their capacity as a financial advisor. This is very important because the investor is putting his financial issues in the hands of these advisors and therefore they need those that are trustworthy. While inspecting their backgrounds, it is also essential that the investor ask for references in order to contact previous or current clients, to discuss the experiences of the adviser. This will also enable them single out those individuals who offer the same advice to all their clients since all different investors come with different needs.

It is also very important to make sure that the financial advisors are certified. Those that have a certification are known to hold a higher standard of professionalism since they follow a code of ethics as well as proper advisory practice standards established by the certifying body. Additionally, the years in practice should also be considered, the more years the advisor has the better services would be because they have knowledge and skills that encompass all areas of wealth management.

Different financial advisors for Private wealth management come with different investment properties and investors should find out about these before they hire one. The investment philosophies should reflect the needs and plans of the investor and should be appropriate all through- whether in good times or bad times. The Investor should ask the adviser for portfolio examples that is similar to their situation in order to understand their strategies and plans before they make their decision.

The other important thing for the investor to do is understand the manner in which the investors are compensated. Financial advisors can be paid as based on a commission, based on a fee, on fee only or a combination of the three. A trustworthy financial advisor will give appropriate and clear details of all the types of fees that the investor need to pay, as well as all the expenses in relation to any type of investments that they make. It is recommended that the investor seek those who are geared towards independence because they will be willing to give them …

Why Financial Accounting is Crucial For Every Business?

Posted on June 25, 2019 by

Financial accounting is important part for every type of business like small, mid and large business. Financial accounting is the field of accountancy concerned with the preparation of financial statements for pronouncement makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other holders. accounting may be the single most critical data method your company will require. Financial accounting aims to generate two basic financial reports, the balance sheet along with the earnings and loss statements. A predictable software system uses a ledger of accounts to categorize financial activities of one's corporation.

Financial accounting is used to arrange accounting information for people outside the organization or not concerned in the day to day running of the company. Management accounting provides accounting information to assist managers make decisions to handle the business. In short, Accounting is the procedure of abbreviation financial data in use from an organization's accounting records and publishing in the form of annual or monthly quarterly reports for the benefit of people outside the organization.

Accounting Information of employees which play an essential responsibility has to be managed in an appropriate way so that at the year end reports can be generated effortlessly without any hassles. It is very essential to set up appropriate business financial strategies which can be followed so that the business can eventually meet the schedule. The different tips that will assist you to flow the cash in the accurate way and will assist you to understand the need of the accurate arrangement of the different business financial accounting can be listed as follows:

• Check Financial Transactions
• Revising Billing Statements
• Review the Invoices
• Maintaining Transparency
• Updating with Taxation Rules
• Follow GAAP for Accounting Management
• Maintain Simplicity in your Accounting Records

These are certain principles that the accountant or any other accounting services provider outsourcing company should pursue in order to run the business fairly and to meet the financial require of the organization. A methodical accounting procedure helps the business to develop and thenby meet the estimated profit. …

How to Buy a Business in Australia

Posted on June 24, 2019 by

So now its time to take that big plunge and be your own boss. Where will I start? What do I look for? And for that matter what business will I buy? Will I relocate? Can I get finance? Who do I go to for the right advise?

These are just a few of the concerns when you decide on buying a business and believe me its not an easy road ahead, but with the right advise and the right business for you there are rewards unlimited to help you on the way to building a bank and a good quality of life. This article will help you all the way.

Important Points when Buying a Business

Every day I receive emails from purchasers and business owners needing assistance in selling or buying. I use my many years of experience in business sales and running a chain of shops to assist them in the right decision for them. It's a bit like a psychologist really. Its just not a sale for me, it's a dedication.

The first thing to remember is you must get it right the first time because the business you buy should be in for at least 4 to 7 years. I advise my sellers and purchasers to give yourself a 4 year plan. You may love the business so much you want to stay longer but the majority of people are burnt out after 4 years and are looking for a change, especially if it's a café or restaurant, and if you feel it's wearing you down the business will suffer if you do not sell then and of course you will not achieve a good price if the business is run down.

Finding a Business!

I find in my business newspaper advertising brings me very little sales. My statistics tell me a genuine purchaser will go to the search engines to find a broker and scan the lists. We do use the papers to get our website name out there and this works to our advantage far more than a long expensive add that lasts one day. Our site http://www.bestbusinessbuyes.com.au is the most valuable tool we have and our journal Best Business Buys gives you months of good reading to give a purchaser information on how to buy and where. So scan the net under search engines business brokers, if you can not find a business on our site there are other brokers listed that may be of assistance to you. Or better still tell us what you want and we will go find it for you!
Anywhere in Australia.

Problems with Newspaper Adverts

You will often see a private add in the paper and you may think this is great, we will cut out the agent and get the business cheaper.

DO NOT BE FOOLED!

Now I am not saying all private adds are no good, some may work out, but in my experience those people who try to do it themselves do it …

The Career Goal In Finance

Posted on June 23, 2019 by

What is the end game after years of going to school? Perhaps to have a stable career and life but this does not happen overnight. It takes blood, toil, sweat and tears which is also the career goal in finance.

How do we do that? Well, people always say that a good education opens doors. A finance career works the same way given that there are different companies that you can work in after graduation which is why you should do some research first to find out what aspects of the industry interests you the most.

Just to give you an idea, some of the things you could find yourself in after graduation could be commercial banking, commercial lending, corporate finance, financial planning, investment banking, private equity and sales and trading.

When you are able to do some research in each of them, it will be easy for you to develop the skills needed to excel in this in the future.

A career in finance can happen if you graduate with a degree in math, economics or statistics. But since since the market is very competitive, you have to make yourself shine by learning an MBA degree years later. You do not have to get one after a couple of years of work since there are some individuals who are studying in their 40's.

Apart from that, it is best to read up journals and participate in conferences and become a member of a professional organization. You have to be informed of the latest trends and build up your network because that someone you know may get you that job you are looking for.

Two examples of these organizations include the American Bankers Association and the Association for Financial Professionals. They have events scheduled all year round that will allow you meet new people with similar career goals.

For those who do not have an idea what aspect of financing yet to pursue, this is the time to ask help from one of your professors. Surely, this person can tell you what kind of job is closely related to what was taught in class. With that in your head, it is time to look for companies that engage in exactly that.

While you are still in school, another thing that could help will be to apply as an intern in one of these firms. Some companies will give a salary while other will not. If you do well here, they will probably give you an offer even before you graduate or encourage you to work for them full time.

If the company you are looking for does not have any vacancies at the moment, leave your resume or application anyway so that if an opening comes up, someone will give you a call so all you have to do is give it your best during the interview.

At the same time, be active in your school organization because an alumni member may on the lookout for new talents which will …

Cash For Clunkers Pros and Cons

Posted on June 22, 2019 by

I've done some research across the Internet and gathered a list of Pros and Cons regarding the "Cash For Clunkers" program. I made a list for the individual who's considering buying a car through the program, and also a list for the "Collective Soul", for us to consider the overall impact in the universe, as described in this article.

So far the Pros and Cons add up to this: Individual: 4-Pro, 6-Con. Collective Soul: 6-Pro, 12-Con.

INDIVIDUAL:

Pros

1. $ 4,500 + other incentives you may be able to save a lot of money on a new car purchase, if you push for more incentives just just the $ 4,500.

2. Less Gas. You could save a lot of money at the pump.

3. Cut down on repair costs.

4. Environment – your driving will cause less pollution.

Cons

1. Insurance – it usually costs more to insure a new car.

2. New Debt – it is wise to go into more debt in your financial situation?

3. Wasted parts – your old car will be destroyed. It's questionable whether or not some of the parts will be recycled.

4. Value added to your old clunker. The used car market may heat up due to decreased supply. It's possible that your used car may be worth more than the voucher after the trickle-down of this Cash for Clunkers program.

5. More gas. You might be inclined to drive more knowing that your car gets better gas mileage.

6. Comfort Zone. You KNOW your old car. And you know what repairs you've done to it and what's likely to go wrong.

FOR THE COLLECTIVE SOUL:

Pros

1. Increases sales at auto dealers.

2. Surge in new-car sales to consumers who would not otherwise purchase at this time. For the upper and middle income people with good enough credit to get a car loan, gives them a down payment.

3. Old vehicles are typically less fuel-efficient than their modern counterparts, so removing them from the road and replacing them with newer cars would likely decrease individual owners' and the nation's consumption of oil.

4. Old vehicles typically do not run as clean as new vehicles, so removing and replacing them on our roads would likely decrease vehicle exhaust emissions, lessening the impact on the environment.

5. Old vehicles were not held to the same crash and safety standards as new cars are held to and tend to be less safe in an accident. Replacing them with newer vehicles could lead to fewer injuries and fatalities in automobile accidents.

6. Automakers are struggling right now, especially domestic automakers. Providing a financial incentive to buy new cars would likely lead to increased car sales, which would generate revenue for the automakers and help them weather the economic downturn, while stimulating the economy at the same time.

Cons

1. Artificial, unsustainable boom in auto sales.

2. Crushing those older running autos makes those parts and vehicles harder to get, and consequentially more expensive.

3. Many …

August 2019
M	T	W	T	F	S	S
« Jul
			1	2	3	4
5	6	7	8	9	10	11
12	13	14	15	16	17	18
19	20	21	22	23	24	25
26	27	28	29	30	31