Turtle Trading Experiment

By Hass67

Can you become a great forex trader? Surely you can. Only, if you have a good trading plan: based on a winning trading strategy. Entering the forex markets without a well thought trading plan will get you crushed in no time.

There was a great experiment conducted in trading history. This experiment is a perfect example of how a winning trading plan can help you become a great trader. Interested, then read on about the Turtle Trading Experiment.

Richard Dennis and Bill Eckhardt were two great traders and partners who were arguing one day on whether great traders are born or made. This was the year 1983. Both were commodities speculators.

Bill was of the opinion that great traders are only born while Richard believed that great traders could be made through a process of good training. In order to settle the matter, Richard suggested that they recruit and train a few novice traders. Train them. Give them accounts to trade and see how they perform.

An advertisement was placed in New York Times, Barrons and The Wall Street Journal. 1000 applications were received in response to that advertisement. The Turtle Trading Experiment had started.

Only 13 applicants were selected after shortlisting and interviewing 80. Those selected were known as Turtles.

The turtles were given training and a complete trading plan based on rules on how to apply it. Richard would always emphasize to the turtles that he could give these rules to anyone but these rules were useless unless they were applied consistently.

Success in forex trading will only come if you get good training. Then use that training to develop your trading plan that is based on rules that are mechanical in nature and do not depend on emotional decisions. The key to success in trading is controlling your emotions. A good trading plan just does that.

In the end, it is discipline and consistency that will make you a winning forex trader in applying your trading plan. Who says, you cannot become a Great Trader! - 23218

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in Investing, Stocks and Forex Trading. Download Turtle Trading Rules.

A Look at the Forex Exchange Market

By Betha Mmari

The foreign exchange marketplace is also known as FX or it is also seen to be linked with with the forex. All three of these have identical significance, and that is the business of trading among different banks, business organizations, companies and authorities that are situated in various countries The unforeseeable financial market is constantly modifying leaving transactions required to be accomplished through dealers, and banks.

Many scams have been emerging in the FOREX business, as foreign companies and people are setting up online to rip off those people who don't know that a licensed broker needs to oversee all market transactions and do so with direct participation involved in foreign exchanges. Cash, stocks, and currency are traded through these foreign exchanges and forex will always be involved when there are two currencies being traded. Think about a trip you may take to a foreign country. Where is a good place to 'trade your money' for the value of the rate of exchange in the nation you are vacationing to? This is the way forex trades, and it isn't readily available in every single bank or financial business because forex is a particularized market service.

Individuals and even small businesses who are seeking to make a huge sum of money quick can easily become the victims of scams when discovering about the ins and outs of foreign markets. As forex is seen as how to make a quick buck or two, people don't question their participation in such an event, but investing through a fake firm or illegitimate broker, a loss of all your money can certainly be expected.

Scams to watch out for:

Forex scams involve making trades but fake results will become evident and you'll not have an opportunity of getting your money back once you have invested it. Investing your finances with a financial firm who says they are legitimate forex traders, you might want to do some careful checks to ensure they are permitted to do business in your country. Fraudulent businesses aren't allowed into the forex stock market as they have shown to have defrauded investors before.

Within the past five years and in addition to the aid of internet sites, forex markets and the knowledge of forex trading has become all the rage. Financial businesses are the best for forex market trades to happen, where a legitimate foreign exchange broker is going to complete transactions and requirements you set forth. The forex broker makes commissions on the transaction, and this is the normal way of the stock trade business.

One other kind of scam that is fairly regular in the forex markets is software the should assist you in your trades. It is important to learn about the foreign markets, and to practice and be prepared for following and making trades. You should successfully depend on a trading tool that will make a difference in your knowledge level. Consult with your financial broker or your bank to discover the most you can about the forex markets and also tips on avoiding becoming a victim with no money left. - 23218

About the Author:

Forex Trading Beginners Guide supplies more accurate information, visit this link: Forex Trading System Course.

The Delightful Australian Silver Kookaburra Coin

By Christina Goldman

The Australian Silver Kookaburra should delight both the coin collector and numismatist equivalently. Collectors who look upon birds as their theme specialty will be tickled to recognize that this silver coin displays the image of the endemic Australian bird kookaburra etched in relief.

This bird is a land-based member of kingfisher family which is classified under the genus Dacelo. This large kingfisher is most peculiar for its loud bird call akin to good-natured human laughter. This pleasant disposition of the bird plus the fact that it is found only in Australia are perhaps the main reasons why the Perth Mint in Australia decided to honor the Kookaburra in a silver coin.

The Australian Silver Kookaburra first came out of the Perth Mint at Western Australia in 1990. An introduction which many numismatists must have already taken careful note of as this coin is already nearing its 20th year continuous mintage. The Kookaburra is minted in four sizes with its 32.5 oz. (1-kilo) version consider as one of the largest government-issued silver bullion coins in the world. This coin, which also comes in sizes of 10 oz., 2 oz. and 1 oz., is legal tender, with the 1-kilo size having a face value of 30 Australian dollars.

The Australian Silver Kookaburra has 32.151 troy ounces of silver of 99.99% purity, making it a prized addition to coin collections. Characteristic of Australian bullion coins, the image of Queen Elizabeth graces the head of the Silver Kookaburra. The design of the Kookaburra featured on the reverse side changes every year of minting, a subtle theme variation that should whet the interest of many coin collectors. The 2007 Silver Kookaburra, for instance, has already won the affection of many avid numismatists.

This one features the amiable kookaburra hovering over a twig half-sunken in water, one artistic rendering that should enhance the coins value year after year. - 23218

About the Author:

You'll find terrific prices and great selection on the one-of-a-kind Australian Silver Kookaburra at: http://AustralasianCoins.com

Forex Trading System : Mystery Solved With Perfect Answers

By John Eather

Day by day, the forex market is expanding. One should be able to figure it out which is the perfect mechanism to tap into the potential of forex market for maximum profit. Most people use automated forex trading systems which are really popular nowadays, and are very helpful for the good profits in online forex trading.

Forex trading systems work by closely monitoring currency prices, and using the gathered information about currencies to direct business choices relating to buying and selling options for trade clients. The forex market is analyzed in real time, making changes as necessary to keep up with fluctuations, and inhibiting risks for clients.

There are plenty of these types of systems available on the market. You need to select one from all these that suits your personal trading needs. Is there any risk involved in these types of robot systems? There are plenty of online forex resources available to answer this question.

Forex trading systems, through its use of automated robotic technology, have worked to reduce the risks associated with online trading. In the process, it has removed human emotions involved in trading. This has served to overcome the barriers that may arise when people are evaluating between currency transactions.

The automation and mathematical calculations that enter into decision-making process of forex trading systems makes forex optimally positioned to navigate the currency transaction marketplace. Web-based forex research sites are an excellent way to find answers to important questions regarding automated trading.

Despite the greater efficiency and accuracy associated with applying forex technology to trading systems, there are some questions and may be some points for error. While robotic technology may greatly reduce human error, there is always a risk when it comes to entering the trade market.

A possible area of concern that may be encountered is that people run the risk of becoming too dependent on the forex system, despite the systemas increased accuracy. Traders might find they diminish their capacity to perform their own analysis of market conditions and situations, as they have given this analytical responsibility over to the computers.

It is important to note that people are responsible for creating these automated trading systems, which means there is always some room for human error. Fortunately, however, there is a plethora of resources available on the internet when it comes to forex trading systems. Diligent research of the different systems, and awareness of the potential challenges are key, and can lead traders onto the path of greater profit realization. - 23218

About the Author:

Before you start trading forex online, please check out John's fantastic ecourse and reports. Receive the latest info about trading forex online. Go to Money Making Fx Trader to learn more.

Starting out as a RE investor

By Doc Schmyz

So you have decided to increase your personal wealth, and you lokking at real estate a a means to get there...good for you! some times people get over whelmed by the amount of information that is out there on the subject. Dont let this get to you. if you invest well, you will be rewarded with returns for years.

Where to start? Well lets look at a few basic tatics for a new investor.

Plug into your local real estate investors association. Most medium to large communities have a real estate club where other real estate investors attend regular meetings. These are other investors with the same goals and dreams as you.

RE investors, are for the most part, a great group of people, from all walks of life. the one thing we all share is our passion for what we do. We discuss tatics and ideas about what to invest in as well as where. We share tips on things that have worked ..and warnings about things that dont.

Before you spend a dime. Make sure you map out what you want to invest in and what your going to do with it. BE SPECIFIC. What type of property. are you going to hold it for apprecation or are you going to turn it over?

At first you need to decide on what type of property to start with. If your goal is to find distressed houses then focus on those. If you want to deal with the condo market..then thats where you look. Keep in mind when you focus on one area you will become more understanding of what those types of property can be sold for, not to mention how much it cost to get them sale ready.

Begin to get together a group of contractors and sub-contractors who you can trust to work within your new system and according to your business plans and your budget.

So lets say you choose to do the "fix and flip" game. People to have on your team are a contractor, electrician, plumber, and to be safe a heating/air condition guy. Now if you can find one...and the property isnt getting major work (like say a room addition) you can get away with a good handyman who does all the above.

Working with a investors real estate agent in a dream....but they are a nightmare to find. Interview your agent. Tell them exactly what you want to do. Tell them.."I want to invest in real estate...I want to buy x amount of properties a year". this means you need to have an agent thats willing to do far more for you then just show you a house or two. A good agent will write offers..LOTS of offers, and show you the selling history for a given area.

Exit Stratagy. How to unload your investment. think about how your going to sell it. are you listing it yourself?? Or useing the great agent you found. How long will you stick with a price before you lower it? These are things to make sure you have set up in your plan already.

Understand your going to make mistakes. We all do. the goal is to see them before they eat in to your profit.

Be efficent, and resourcefull. Keep your eye on your bottom line and you will grow a nice little investment business. - 23218

About the Author:

Doc Schmyz has worked with investors all over the US. He owns a free website that shares Real estate investing information for all over the US. Find Real estate investing information by state