Wednesday, November 24, 2010
How To Trade Forex With The “Rhythm Of Profit” By Doing The Opposite Of The Herd
In Forex Trading most traders choose to enter and exit trades in a way that is not in the “rhythm of profit” This rhythm is partly a psychological mindset that is different from what is “normal” behavior. But it is also a very specific technical analysis method to enter and exit trades at the points that tend to give maximum profit and high probability for consistent winning. Once you see how this works and experience it for yourself it can transform your Forex trading business quickly and empower you to finally get the results that you always knew was possible but just could achieve consistently. Even many “professional” Forex traders end up scratching their heads in confusion as they look for many different reasons to enter and exit trades which fail to put them into this natural rhythm. You can see right on the charts that this rhythm working as far back as you care to test on any time frame. Why isn’t everyone doing this? Maybe the same reason everyone isn’t forming the world’s most successful companies like Microsoft, Facebook, or Google. This is for the few people whose eyes are open to opportunity and transformation.
Sunday, November 14, 2010
The Art of Collecting Art
Art of Collecting ArtWorks of art such as paintings and sculpture reflect the mind and soul of the artist. In the history of human civilization, great artists were not only able to capture their own thoughts and feelings through art, but also the significant signs of their times.
Artworks are objects or artifacts of visual communication. Just look at any picture of Leonardo da Vinciʼs painting La Gioconda, also known as Mona Lisa, and one can derive information such as the way women dress during the 16th century, or perhaps, by looking at the paintingsʼ background, on can gain insights on how places look during that period. Paintings and sculptures, being the top mediums of artistic expression, are products and end-results of the artistʼs creative process.
The motivation and drive in collecting art is as diverse as the colors present in any painting. Among the top reasons for collecting art is usually attributed to the thrill, the excitement and sheer pleasure of acquiring an exquisite drawing, painting, or sculpture to add to oneʼs own personal collection. In general, artworks are seen as luxury products and commodities whose price and value in the art market are dependent on factors such as aesthetics, quality, supply, historical significance of the artist and the artwork, all of which contribute to what makes certain pieces of art collectible and highly prized.
Most professional art collectors and dealers are always on the move, looking for artworks of young and relatively unknown artists, which they think, have the potential to make it big in the future. Buying works of art at a relatively lower price and selling them at a profit has been a standard in the art market. However, to have the foresight and the eye to spot good art usually takes time, money, and lots of experience. According to art market analyst Nicholas Forrest: “As a general rule people should invest in high quality artworks by artists with a good track record that have proven to be committed to their career progression. If you are going to be hanging the artwork in your house then it is also important to purchase something that you like looking at although this should not be the primary deciding factor. The art market will always react positively to iconic, high quality artworks as these works will be the most desirable and the most in demand.”
On the other hand, like in any other hobby and interest, practically anyone can start collecting art. Herb Vogel, a retired postal worker, together with his wife Dorothy, a retired librarian, are both passionate art collectors and through the years have amassed more than 4,000 historically significant works of American art with their modest income. Their art collecting habits were grounded on two rules: affordability and size that is small enough to fit their one-bedroom apartment in Manhattan. In the Vogelʼs case, the primary impulse for collecting is based on an intuitive love for art rather than for financial investment and profit. Jack Cowart, a curator for the National Gallery of Art, sums up the Vogelʼs path towards art collecting: “They went to art that was very difficult for the general public to understand; to artists who had no money, who were on the front edge of the avant-garde. It was all done for love, at whatever price, at whatever cost, even if it displaced them from their own apartment.”
The art of collecting works of art is a product of passion, commitment, and vision. From the rich and famous high-profile art collectors to the passionate amateurs, once bitten by the art bug, there is no way but to keep on expanding oneʼs own collection. For the serious and the brave, collecting works of art has become a lifetime project where each purchase and acquisition has its unique story behind it. Thus, in this viewpoint, one can best appreciate the priceless beauty of owning a collection of artworks. One of the worldʼs top art collectors, Charles Saatchi would say: “Art is no investment unless you get very, very lucky, and can beat the professionals at their game. Just buy something you really like that will give you a thousand pounds' worth of pleasure over the years. And take your time looking for something really special, because looking is half the fun”.
by Natasha Silverman
Artworks are objects or artifacts of visual communication. Just look at any picture of Leonardo da Vinciʼs painting La Gioconda, also known as Mona Lisa, and one can derive information such as the way women dress during the 16th century, or perhaps, by looking at the paintingsʼ background, on can gain insights on how places look during that period. Paintings and sculptures, being the top mediums of artistic expression, are products and end-results of the artistʼs creative process.
The motivation and drive in collecting art is as diverse as the colors present in any painting. Among the top reasons for collecting art is usually attributed to the thrill, the excitement and sheer pleasure of acquiring an exquisite drawing, painting, or sculpture to add to oneʼs own personal collection. In general, artworks are seen as luxury products and commodities whose price and value in the art market are dependent on factors such as aesthetics, quality, supply, historical significance of the artist and the artwork, all of which contribute to what makes certain pieces of art collectible and highly prized.
Most professional art collectors and dealers are always on the move, looking for artworks of young and relatively unknown artists, which they think, have the potential to make it big in the future. Buying works of art at a relatively lower price and selling them at a profit has been a standard in the art market. However, to have the foresight and the eye to spot good art usually takes time, money, and lots of experience. According to art market analyst Nicholas Forrest: “As a general rule people should invest in high quality artworks by artists with a good track record that have proven to be committed to their career progression. If you are going to be hanging the artwork in your house then it is also important to purchase something that you like looking at although this should not be the primary deciding factor. The art market will always react positively to iconic, high quality artworks as these works will be the most desirable and the most in demand.”
On the other hand, like in any other hobby and interest, practically anyone can start collecting art. Herb Vogel, a retired postal worker, together with his wife Dorothy, a retired librarian, are both passionate art collectors and through the years have amassed more than 4,000 historically significant works of American art with their modest income. Their art collecting habits were grounded on two rules: affordability and size that is small enough to fit their one-bedroom apartment in Manhattan. In the Vogelʼs case, the primary impulse for collecting is based on an intuitive love for art rather than for financial investment and profit. Jack Cowart, a curator for the National Gallery of Art, sums up the Vogelʼs path towards art collecting: “They went to art that was very difficult for the general public to understand; to artists who had no money, who were on the front edge of the avant-garde. It was all done for love, at whatever price, at whatever cost, even if it displaced them from their own apartment.”
The art of collecting works of art is a product of passion, commitment, and vision. From the rich and famous high-profile art collectors to the passionate amateurs, once bitten by the art bug, there is no way but to keep on expanding oneʼs own collection. For the serious and the brave, collecting works of art has become a lifetime project where each purchase and acquisition has its unique story behind it. Thus, in this viewpoint, one can best appreciate the priceless beauty of owning a collection of artworks. One of the worldʼs top art collectors, Charles Saatchi would say: “Art is no investment unless you get very, very lucky, and can beat the professionals at their game. Just buy something you really like that will give you a thousand pounds' worth of pleasure over the years. And take your time looking for something really special, because looking is half the fun”.
by Natasha Silverman
Tuesday, November 9, 2010
Learning Forex Currency Trading Online
There has never been a better time to learn Forex currency trading online. Although there are many Forex training materials available online there are very few that will actually produce measurable results for most people. In the Forex trading industry there are many different approaches and strategies being taught and used. A few people are having extraordinary results with consistent profit and today's technology enables any Forex trading entrepreneur to have access to the knowledge that those traders are willing to share.
A good place to start learning for free is in a forum. However, it has been my experience that some of the most popular Forex trading forums are inhabited by some of the more negative minded people in the industry. Newcomers who even make a slightly positive comment about Forex trading will sometimes be attacked by the obviously unhappy people who resent the idea that it is possible for others to easily succeed. Most forums will actually damage your ability to succeed rather than help. That is why our Forex trading forum was formed with the intention of helping and encouraging only. Negative comments are simply deleted and users who consistently display negative attitude are permanently banned.
A Forex video training course is one of the most effective learning tools for enabling students to master the art of trading. As opposed to live seminars which are also more expensive, Forex training videos can be viewed at any convenient time and replayed again and again. There may be sections that warrant repeated viewing while other sections can be viewed briefly or skipped. The video format for learning has proven to be extremely effective for learning trading principles quickly.
Live web conferences are another amazing tool for aiding the process of learning Forex trading. In a live web conference or webinar participants can interact in real time hearing the presenter speak and seeing her screen while explaining or demonstrating Forex trading entry signals. The presenter can also pass the screen sharing feature to any participant so that he can ask questions about what he is seeing on his charts. This medium has accelerated the learning process tremendously for many Forex trading students. It is this kind of technology that makes learning Forex currency trading online a very enjoyable and effective process.
A good place to start learning for free is in a forum. However, it has been my experience that some of the most popular Forex trading forums are inhabited by some of the more negative minded people in the industry. Newcomers who even make a slightly positive comment about Forex trading will sometimes be attacked by the obviously unhappy people who resent the idea that it is possible for others to easily succeed. Most forums will actually damage your ability to succeed rather than help. That is why our Forex trading forum was formed with the intention of helping and encouraging only. Negative comments are simply deleted and users who consistently display negative attitude are permanently banned.
A Forex video training course is one of the most effective learning tools for enabling students to master the art of trading. As opposed to live seminars which are also more expensive, Forex training videos can be viewed at any convenient time and replayed again and again. There may be sections that warrant repeated viewing while other sections can be viewed briefly or skipped. The video format for learning has proven to be extremely effective for learning trading principles quickly.
Live web conferences are another amazing tool for aiding the process of learning Forex trading. In a live web conference or webinar participants can interact in real time hearing the presenter speak and seeing her screen while explaining or demonstrating Forex trading entry signals. The presenter can also pass the screen sharing feature to any participant so that he can ask questions about what he is seeing on his charts. This medium has accelerated the learning process tremendously for many Forex trading students. It is this kind of technology that makes learning Forex currency trading online a very enjoyable and effective process.
Wednesday, November 3, 2010
The Quest for the Perfect Forex Broker
Finding the ideal Forex broker is a lot like finding the ideal spouse or relationship. You may make a list of all the qualities that you desire in a partner but then when you are faced with the reality of what is actually available in reality, your criteria may become more flexible. Since the last time I researched Forex brokers about three years ago there have been some positive changes in the industry. At the same time the two brokers where my accounts were held have had some negative changes. One has increased their negative rollover swap rates to more than twice the amount of their positive rates. The other has made negative changes to their margin policy and their privacy policy.
The criteria that a beginner looks for in Forex brokers is usually quite different from the criteria that an experienced trader looks for after trading successfully for a period of years. For instance a beginner may look for the lowest minimum account size, the lowest PIP spread, and the highest leverage. An experienced trader may not consider any of these things but may be primarily interested in the company's integrity, type of business model, country of location, regulation, and type of trading platform. A beginner may only look for brokers who provide free charts. A professional trader might subscribe to several professional charting services and may never use charts provided by a broker. A beginner may be lured by the biggest ads in a trading magazine. A professional trader may trade with a broker that does very little advertising but has a reputation that is known by word of mouth.
When choosing a Forex broker it has become critical to consider the stability of the country where the company is based and the type of regulation, if any, that oversees the Forex trading industry of that country. In the U.S. the spot Forex market is still unregulated which allows brokers to adopt business practices that may be less than ethical. Some traders look to Switzerland, a country that has traditionally been know for its strong banking industry and financial strength even in times of international conflict. In today's high technology world it is easy to open an account in an overseas country and make wire transfers easily and quickly.
Wherever you choose to open your Forex trading account the choice you make is certainly worth some investigation and research. It is wise to have some criteria in mind and talk with the customer service representatives from several brokers. If you have done your due diligence you will feel much more confident about the long term success of you Forex trading business.
The criteria that a beginner looks for in Forex brokers is usually quite different from the criteria that an experienced trader looks for after trading successfully for a period of years. For instance a beginner may look for the lowest minimum account size, the lowest PIP spread, and the highest leverage. An experienced trader may not consider any of these things but may be primarily interested in the company's integrity, type of business model, country of location, regulation, and type of trading platform. A beginner may only look for brokers who provide free charts. A professional trader might subscribe to several professional charting services and may never use charts provided by a broker. A beginner may be lured by the biggest ads in a trading magazine. A professional trader may trade with a broker that does very little advertising but has a reputation that is known by word of mouth.
When choosing a Forex broker it has become critical to consider the stability of the country where the company is based and the type of regulation, if any, that oversees the Forex trading industry of that country. In the U.S. the spot Forex market is still unregulated which allows brokers to adopt business practices that may be less than ethical. Some traders look to Switzerland, a country that has traditionally been know for its strong banking industry and financial strength even in times of international conflict. In today's high technology world it is easy to open an account in an overseas country and make wire transfers easily and quickly.
Wherever you choose to open your Forex trading account the choice you make is certainly worth some investigation and research. It is wise to have some criteria in mind and talk with the customer service representatives from several brokers. If you have done your due diligence you will feel much more confident about the long term success of you Forex trading business.
Thursday, October 21, 2010
Philanthropy: The Secret Key to Lasting Wealth and Achievement
In these desperate and trying times, who do you turn to when things go wrong? A world that sometimes seems so cruel and unkind with no one reaching out to help you through your deepest and darkest black hole. You are alone and hollow. Your tears have run dry.
How horrendous this is when this happens to you and your life becomes a desperate nightmare!
Fortunately for people who have lost hope, there are hands that reach out and make it their advocacy to give back the love for life. These are the philanthropists whose desire is to make this world a better place to live in by supporting charitable causes or creating a charitable foundation themselves.
Philanthropy is an innate desire to improve the social, economic and spiritual wellbeing of humankind.
Philanthropy is not only for the rich and powerful, it’s for everyone to learn and master, this is becoming and truly being a person who is selfless and has known his purpose in life. Everyone has the ability to help someone even in a small way such as letting an old woman go to the front of the line in the bank or giving a coin to a street child who stands hungrily watching people entering a fast food franchise.
Men and women differ in their perspective when it comes to giving or donating. Studies shows that men tend to give to have a building named after them, pressure from office or peers or get a seat on a board of directors and women on the other hand give to make a difference, pass on family tradition and give back to community. Well, it might seem that the women have humanitarian reasons while the men have utilitarian views.
Whatever reason we might have in giving doesn’t really matter as long as we give and try to make a difference to alleviate the plight of the world.
Just put in mind the principles of powerful philanthropy which are: financially educate yourself, put your finances in order (spend less, save more, invest wisely and give generously), right mind set (you are a philanthropist!), think of your legacy you will leave in this world, consult professionals when giving donations and make it a family affair to teach your kids the values of giving and helping make this world a better place to live in.
Being a philanthropist does not necessarily mean you are a big spender, so better be thrifty and be wise in making buying decisions so you could save more. Most importantly is how to invest wisely and create wealth and affluence that offer an ideal lifestyle for yourself as well as enabling you to make contributions to worthy causes. In our Forex trading community many entrepreneurs have expressed the desire to use their knowledge and skill in currency trading to contribute something worthwhile and meaningful to others less fortunate. Having a strong vision and reason “why” behind your business activity gives tangible life and power to your efforts. Many success gurus insist that tithing and giving to charity is the secret key to long term success and wealth.
Having read this article, you may want to become a part of the ranks of top philanthropists (named by Chronicle of Philanthropy in 2009) like Stanley and Fiona Druckenmiller (donated $705 million), John Templeton ( donated $573 million), Bill and Melinda Gates ($350 million), Michael Bloomberg ($254 million donated), and Louise Dieterle Nippert ($158 million donated). One thing is for certain. And that is that when you give you will feel like your life has a greater purpose and you will definitely feel happier, uplifted and inspired.
Learn Currency Trading
Natasha Silverman
Thursday, October 7, 2010
FOREX TRADING TIPS
There are more ways than one to make money through Forex trading, it may not be that easy but it's not that difficult either. Using brain power is the key to success in the business of currency trading.
Just follow these basic guidelines to steer clear of typical pitfalls and begin to accumulate added income. To be better equipped in Forex Trading, you should know both sides of it, just like a coin.
Hit or miss in the field depends on the amount of knowledge you have on how the two currencies interact with each other. To make the most of your investments it is a condition sine qua non that you have a hand over the fundamental principles of trading currency online. The most influential Forex driver is global news and events. A great number of trading newbies aggressively react to this news by closing their trades, waiting for the market to go down and end up missing most exceptional trading chances.
The underlying success in the Forex market is when it is unstable, not when it is still. One of the important paybacks of trading in forex is that it allows you to trade in sums larger than your deposit. But it should serve as a warning to fresh traders that it is risky to give in to your greed which might lead to having your Forex trading account wiped out.
Trading during off-peak hours for Professional FX and option traders is more suitable for them as their risks are minimal. To hit it big, make your move during news broadcast time because trade capacity is patronizing and moves are substantial.
This is when big players make their moves making price changes which results in serious money flow.
Be confident in your trading career because once you lose money it's hard to get it back. Study everything about the business before trading. Knowing the business like the palm of your hands may result in finally seeing the money flowing in consistently.
When you're new to Forex, you may either work on your own or trade through a broker. (this sentence was removed because it is not really possible to trade other than through a broker)
Doing one of the two choices might not be good as your risk of losing is higher. It would be better if you do the two simultaneously and avoid seeking counsel from too many sources. This section was removed because I don’t really understand it.
By: Leigh Dwight
Forex Trading System
Forex trading system software is a tool used by traders to efficiently handle their trades automatically. The idea behind automated trading systems is to remove the emotional challenges that humans have when trading such as the fear of loss and the greed and excitement which causes a trader to enter a trade prematurely. Also automated trading systems enable trades to be placed 24 hours a day while it is not possible for a human to monitor charts and stay alert without sleep. Forex trading, like any other kind of trading has a risk of loss so you should not let Forex trading system software give you a false sense of safety. Even with the risk of loss in trading you can still cut that risk if you have the same approach to trading as you would with any business venture.
Any business needs to start off on the right foot by having a good business plan; Forex trading system software places an important foundation that will increase your chances of being successful in Forex trading. A 'Forex trading system' is a systematic method that you follow when conducting your trading. Your approach to trading will be well defined when using a trading system. It should be a detailed methodology that you will strictly adhere to. It is recommended for you to have a proper education regarding the basics of Forex trading before choosing a trading system. Some of the experienced traders believe that it can take up to a year before a person is finally done with the beginner's phase of currency trading.
The main purpose of Forex trading system software is to provide an advantage in as many aspects of trading as possible. Currency trading or Forex trading is one of the most demanding and dynamic markets so you will need to have the best tools to succeed.
There are two types of Forex trading system software: web-based and desktop software. Your situation will determine which one is right for you. A web-based version is better if you want the highest level of security when trading. Having the right software will make implementing you trading system much easier, this is regardless on which version you will use.
You would want to use Forex trading system software that does not involve human judgment. You can proportionally increase your chances of success in this market if you try to avoid trading based on your emotions. Your system should be able to tell you how to proceed in any scenario. This will be your guide on knowing what to do and when you should do it based on the parameters you have set-up beforehand. A tried and tested trading system that works is a very important tool for success in Forex trading.
There is the risk of over-trading that more than one trader has unfortunately met, but with the use of a good trading system, this will prevent it from happening as this is how the system is designed for. Preventing over-trading and other risks involved with currency trading.
Successful currency traders make their decisions based on facts and not on emotions. Another important reason why using a Forex trading system software is a must is that it enables you to take losses without allowing emotions to make decisions for you. Good Forex trading system software will make this easier to do. You will have to be realistic with the fact that you are not going to have winning trades every time, regardless of the trading system you choose.
If you are just starting out, do not underestimate the importance of a solid background in beginner's Forex trading. When looking for a trading system, take your time to be sure that it is the right one for you. Once decided, you will have to follow it faithfully. You are much more likely to be successful in Forex trading if the trading system software you choose is backed with a good foundation on beginner's Forex trading and a good judgment.
By: Leigh Dwight
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