You Got To Have A Stop Loss (Part I)

By Ahmad Hassam

You need to develop or adopt a trading system. Without having a trading system, you wont be able to make a consistent level of profits in the market. Do you have a trading system that tells you when to enter the market? Lets assume that you already have got a trading system that tells you where to enter the market. Does this system also tell you where to get out before you enter the trade?

In other words are you taking the market conditions into account and willing to give your trade a breathing space so that you dont get whipsawed or repeatedly get stopped out. On the road to profitability, lets start by agreeing that we need stop loss exits.

After this agreement, we need to determine how to effectively select stop loss exits to avoid excessive stop outs. Just dont forget, the more trades you place, more commissions or spreads you will have to pay and the higher your trading cost will be.

When you talk of your trading system, you should think about its win ratio and the payoff ratio. You should want to improve on them. The best way to do this is to develop a stop loss strategy that takes into account currency market conditions. So right there you can increase your profitability if you increase the number of winning trades that is your win ratio thereby decreasing your trading cost.

There need to be a connection between you and your trading system. It truly is like having a personal relationship. Finding the right trading system can be a lengthy process. You must believe in your trading system and have a high degree of trust that it can produce consistent level of profits overtime.

If you have a trading system that isnt working for you and your win ratio and your payoff ratio dont generate a profit over time then you need to rethink your trading strategy. But you must also understand that no trading system can be perfect and no trading system can produce 100% winning trades.

Make adjustments to entry and exits. Determine if it is your trading system that isnt working or is it your trading psychology that is off. Maybe the market conditions have changed and you havent adjusted your trading system to the new market conditions.

Just keep this in mind that to jump constantly from one trading system to another trading system in search of a holy grail wont help you if you dont give your trading system a chance to work.

Divorce of any kind can be emotionally and financially expensive so proceed with caution when divorcing your trading system. The decision to divorce your trading system should be a carefully thought out one.

If you feel comfortable and confident with your trading system, you ultimately will also be profitable. The primary purpose of your trading system is to make you feel comfortable and confident.

In the end, you need to develop a relationship with your trading system. You will feel confident when your trading system has proven to you and you have proven to your trading system that both can work together. Its a team work. - 23218

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. Try These 1500 Pips A Day Forex Signals From Heaven. Download Your Free 82 Page PDF Candlestick Guide!

Find Your Low Cost Energy Provider

By Gavin King

Of Course, the fees for power are rising each year. That is already one reason to turn to building your own power generating set ups. Aside from the reality that electricity is increasingly expensive, that a important fuse can cease working at any point from over use and turn your entire area in intermittent black-outs, and the fact that our nation has to switch to earth friendly methods for ecological safety of the entire earth, you will consider the alternative to convert to eco-friendly, the alternative power also know as off grid power.

How about Gas Generators?

Note: I would not even try acquiring a propane electricity generator. Many people have tried it, it doesn't save any money, it's a form of noise pollution, and its day to day costs will take a big portion of your time and money. So you'd better rethink that idea.

The Choices

Right on time, there is an excellent substitute to that: and that is DIY source of energy. You could have something about solar created energy and wind turbine generated electricity. Incidentally, did you know that your power company will even pay you for constructing home made electricity equipment? Also, you can build a photo-voltaic yourself. By doing so, you can make energy yourself!

Easier Than You Think!

Its not that difficult to create electricity on your own. Of course, you may have touse a lot of diligence in the research of how to complete that. Spend your time to learn about your alternative electricity, and familiarize yourself with vocabulary like: solar cells, wind generator, electricity inverter, solar power , windmill blades, Photo-Voltaic panel, etc.

What will be the expense?

Amazingly enough, you have the ability to establish your own electricity module with a few dollars of material, and have your own endless electricity, save cash on high power bills, generate your own electricity, even prompt adoration from your friends and family, and save a bunch on your utility bill, obviously.

Conclusion

You are beholden to your family: Save money on your bill, save the planet, and even get a decent return on your investment rapidly. Start deliberating earnestly about converting your ineffective monopolistic power connection and supplant it with a safe and sound, eco-friendly, independent energy setup. If you want to save some dough, just go contact your energy broker. - 23218

About the Author:

Looking to find the best deal on retail energy provider, then visit www.yoursite.com to find the best advice on energy provider Houston for you.

Foreign Currency Trading - Forex A Basic Explanation

By Arthur U. Fellon

The foreign exchange market, also called forex or FX, is trading one currency for another. It is one of the largest markets in the world and everyone from central banks to companies to individuals participates in it. Retail traders are now only a small portion of the entire forex market with speculators making up the biggest portion. The market itself is almost completely liquid and operates 24 hours a day. The chance to make money depends on the belief that the currency you buy will increase in value compared to the one you sold, allowing you to make a profit on the margin.

There are two main theories related to analyzing forex transactions. The 1st is fundamental analysis which looks at the economic conditions surrounding the value of a currency to determine if its price is fair. The 2nd main analysis method is technical analysis which depends on analyzing historic patterns of a currency to predict where it will go in the future.

Generally a smart forex trader will use both forms of analysis when operating in the currency markets. Interestingly the world renowned British financial magazine "The Economist" uses a scale of McDonald's hamburgers and their comparative pricing around the world , back to a standard reference point as to the relative value of foreign currencies vis- a-vis each other. The method has been more than criticized in the staid world of international finance yet the Economist's ledger seems to be remarkably accurate in its statical record and history.

It does not take much at all to cause panic and mayhem in the forex market. If anything it can be said that the whole process is not boring or mundane by any chance. A tropical storm such as Katrina can wreak great havoc and mayhem not only physically by its weather but also weather a storm on the dollar , Yen or British pound Sterling , their value and perceptions of future value. Economics it seems is always driven by the simple concepts of "supply and demand". The major change in the 21'st century in 2009 and on into the new millennium of 2010 is the absolute breakneck speed of communication. What used to take weeks and months to traverse the globe in terms of communication and information now takes but a flash of a second. Sometimes as with natural disasters such as earthquakes or political assassinations , world and thus fortune causing changes can come out of the blue , instantaneously .

Commerce in products and currency trading is as old as mankind itself. Yet nothing is for nothing and there is no such thing as a free lunch , or in this case your personal fortune or family fortunes. It may be easy for many novices , or even those boasting at their local coffee shop -reports prominent economist M.L. Labovitch to appear to have great expertise and have hit the money wealth jackpot machine. Yet it is the consistency that counts. Once may be a fluke - yet has that experiment been repeated a number of times over a good period of time with the same results. Is it the "Midas Touch " of gold and great riches or just plain dumb luck when it comes to their chances at the roulette table of trades in international currencies and financial instruments. - 23218

About the Author:

Forex Beginner Resource Apprentice Help Center

Are You Aware That It Is Possible To Get A Low Interest Loan With Bad Credit?

By Chantal Jacinth

If you are an average working class American and have had some financial difficulties in the past and now you have constantly been told "No" over and over again whenever you are applying for a new auto loan; then you have come to the right place. You will want to read this entire article as we are going to provide you some valuable information on this growing topic.

Everyone understands that having access to a car is filled with conveniences in our lives. We do not know anyone who wants to spend their day walking to and from work or where ever they need to go; unless it is a personal choice they make. Well this is one of the main reasons that we all should be aware of how to get those low interest loans even if you have bad credit.

However finding that low interest loan if you have bad credit is not going to be an easy job unless you know how to begin. We all know that most of today's lenders are not going to want to work with someone who has been plagued by financial difficulties.

Therefore you should avoid applying with the dealership financing; this is not the best way to get a loan. Sure they may give you a loan for your new vehicle; however you can expect it to be higher than you would want to repay. Most of the times you are going to have to deal with bad credit lenders who are willing to take a chance on you.

You may realize that you may not always start off with the lowest interest rates; however as long as you continue making the payment on a timely basis you will find that after 6 months you may be able to refinance that payment and negotiate a better and lower interest rate.

One of the main things that you should keep an eye out when trying to get a bad credit loan is to find a company that understands your situation and is willing to work with you. Do not give up because there are some companies that will offer you that low interest rate loan; and is willing to work with you all you have to do is find them.

Be sure to visit our site below to find out how people have been able to get car loans for people with bad credit without a a lot of hassle. Stop putting up and listening to people tell you that you do not deserve that second chance. - 23218

About the Author:

Bad Credit Loans Get The Facts! Car Loans For People Who Have Bad Credit

Learn Currency Trading Like a Pro

By Scott McDonald

Attempting to learn currency trading when first starting off was difficult. That was only until I learned forex scalping. The forex scalping trading style has to be one of the best to pick from and can be learned quick. In just a matter of weeks a new trader could be ready to go live. Once I learned the scalping style of trading and I incorporate this secret method the gurus have used for years, the profits started to ski rocket!

Learn currency trading. When I started off years ago I only spent a few hours here and there on trades. That was soon ended after coming to a realization that you need to put time into forex in order to get any substantial results. Once dedication was build it was only a matter of time that the scalping started to make some profits. Keeping a hard focused mind set and looking at it in a long term perspective it started to pay off. I added this one method to my trades that ended up making me double my trading account every month!

Where learn currency trading with so much information available? This can be one of the hardest obstacles for beginners. Finding good information and where to learn it is difficult with all the bogus information out there. The big traders have methods that produce money hand over fist and they try to keep it hidden from you. Once I found out what the trick of the big traders was with this one method, I started to dominate the market and doubled my trading account!

Where to learn currency trading when there is so much different information available? Sometimes this is a hard obstacle for a new trader. Finding out where to learn and what info is actually good is a skill itself. Believe it or not, the big traders that make huge profits have techniques that they have been hiding for years. They try to keep it to them selves! Once I discovered this one true method that they use to dominate, I added it to my scalping for a result of my massive profits today!

How to learn currency trading the right way was a challenge with so many ways out there. Sure there are many ways you can do your trading, but the key is to find a consistent one to produce profits. When I found the scalping method there was no turning back. Once I incorporated the scalping trading with this dominating method the pros swear by, results started to happen almost immediately. - 23218

About the Author:

If your trades aren't producing the cash you need, you must check out how the "Big Wigs" Learn Currency Trading and own the market! Stop letting the "Big Wigs" feed you bull, take action and find out their untold secrets to Learn Currency Trading like they do!