How Much House Can You Afford?
Added on: 15 May 2008
Category: Real Estate
Description: How much to spend on your first house is (more...) always a tough question, but recent turmoil in the housing market has made it even more challenging. Chris Farrell has some advice on how to figure out how much house you can afford. (less)
Mortgage Help: Talk is Cheap
Produced By:
moneytalks on 18 Apr 2008
Category: Credit & Debt
Description: With foreclosures and bankruptcies (more...) soaring nationwide, both government and private industry have been promising help to homeowners. But is that help materializing? (less)
Views: 72
Comments: 0
Duration: 01:39
5. Day Trading Lesson 5: Support and Resistance
Produced By:
InformedTrades on 28 Nov 2007
Category: Creating Wealth
Description: http://www.informedtrades.com/
The (more...) fifth lesson in a series on technical analysis for active traders of the forex, futures, and stock markets.
Just as anything where market forces are at play, the price of a financial instrument in the stock, futures or forex markets is ultimately determined by supply and demand. Very simply, if demand is increasing in relation to supply then price will rise, and if demand is decreasing in relation to supply then price will fall.
As we have learned in previous lessons, what you are basically looking at when you see an uptrend on a chart is an extended period of time where demand has continued to increase in relation to supply. Similarly when looking at a downtrend you are seeing an extended period of time where demand has decreased in relation to supply for an extended period of time, causing price to fall. Similarly, in a downtrend, demand is continuously falling in relation to supply which causes the price of an instrument in the stock, futures or forex market to fall.
In this lesson we are going to look at something known as support and resistance which are price levels where the supply demand equation is expected to change, and price is then expected to stop moving in the direction it was moving previously, or reverse direction. (less)
Views: 72
Comments: 0
Duration: 04:34
53. A Simple Explanation of the US Economy for Traders
Produced By:
InformedTrades on 31 Jan 2008
Category: Credit & Debt
Description: http://www.informedtrades.com/
An (more...) overview of the US Economy and the first two components of the economy which are natural resources and the labor force. Explanation meant for traders of the forex, futures, and stock markets.
In our last lesson we gave an introduction to fundamental analysis with an introduction to the top down approach to analyzing fundamentals
and the US Economy. In today's lesson we are going to expand our discussion on the
US economy by looking at the different pieces which make up the economy and how each piece is relevant to us as traders of the stock, futures, and/or
forex markets.
The first component of any economy is its natural resources. One of the key factors that allowed the United
States to grow so quickly and become one of the world powers that it is today, is that it is a land that is rich
in natural resources from oil which drives our industry, to lumber to build our houses, to our large coastlines,
great lakes, and rivers which provide shipping access and move goods throughout the country.
Understanding what natural resources are most important to a country and understanding what affects the prices
of those resources is beneficial to not only commodities traders who trade the actual commodities such as oil
and gold but also to traders of the stock and forex markets. We will go into these correlations in more detail
in later lessons but a short example is that the US economy relies heavily on oil, so when the price of oil goes
higher this is normally seen as a negative for the US Economy as it then costs more for companies to ship their
goods, and for individuals to fill up their cars leaving them less money to spend. Similarly, as the US Imports
much of its oil, when the price of oil goes up this means that more dollars are being sold and converted into
the currencies of the countries which are exporting the oil to the US, therefore all else being equal weakening
the US Dollar and strengthening the currency of the exporting country.
The next component of any economy is its labor force, or the individuals who are working in that economy to
produce goods and services from the countries natural resources. As the labor force in an economy gets paid for
their labor, and then spends that money on the goods and services they and other components of the labor force
have produced, they are an important driver of growth in any economy.
The components which are watched in regards to labor are the size of the labor force in an economy, its rate of
growth, its productivity level, and its skill level, and its mobility or ability to adapt to changing
conditions. Another reason why the United States has the largest economy in the world is the size of its labor
force is constantly growing allowing the economy to produce and sell more goods and services, it is a relatively
mobile labor force which has allowed it to increase productivity faster than other nations through things such
as early adoption of new technology, and it is an educated labor force.
Why is this important from a trading standpoint? Here again we will go into more detail on this when we look at
important economic numbers but a short example is if the labor force becomes more productive, this means that
they are able to produce more goods in the same amount of time. This not only makes companies more profitable
but it holds down prices for the consumer, giving them more money to spend on other goods and services, which
drives growth, which means a higher stock market all else being equal. This increased growth can cause higher
demand for commodities therefore causing the commodities markets to rally all else being equal, and can also
have interest rate implications, something we will learn about in later lessons, which can affect the US
Dollar. (less)
Views: 71
Comments: 0
Duration: 06:38
[Mandura] 9 Day Old MLM Company! Jump In Now, But Then What?
Produced By:
HomeBizExecutive on 04 Nov 2008
Category: Small Business
Description: http://www.TheHomeBusinessExecutive.com/?s1=Mandura (more...) Mandura is a 9 day old MLM company. The product is a highly potent beverage containing ingredients from the Durian fruit and the Mangosteen combined with Brazilian Acai berry and the North American Blueberry. BUT it will be next to impossible for a new distributor to create any kind of real income by passing out business cards and chasing your family and friends to home meetings. I don't care how passionate you are about your ... (less)
Views: 70
Comments: 0
Duration: 04:05
How to ask for a Raise
Added on: 16 May 2008
Category: Personal Finance
Description: You've been doing great things at work (more...) and you deserve higher pay. But how do you make that point to your boss? Tess Vigeland has expert tips on planning your strategy. (less)
39. How to Join the Minority of Traders Who Are Successful
Produced By:
InformedTrades on 09 Jan 2008
Category: Creating Wealth
Description: http://www.informedtrades.com/
A (more...) lesson on the importance of the preservation of capital as part of a trading strategy for traders of the stock, futures an forex markets.
In our last lesson we looked at what one can reasonably expect to earn from their trading over the long term, and how one can avoid the common misconceptions of most traders which ultimately cause them to fail. In today's lesson we are going to look at the next step in developing a successful money management strategy which is how to manage your losses.
One of the main key's to successful trading is the preservation of capital. Beyond the obvious point here that if you loose your trading capital then you will be out of the game, is the fact that it takes much more to come back from a loss than it does to take the loss you are trying to come back from.
As an example here lets say you start with $10,000 and loose $5000 from a string of bad trades. That $5000 loss represents a 50% loss on your account which now has $5000 left in it. Now ask yourself this question. What percentage gain will you need to make on the $5000 left in your account in order just to be back to breakeven (the $10,000 level) on your account? If you have done the math correctly you will see that in order to make back the 50% loss you took on your account you will need to make a 100% return or basically be twice as successful in your comeback as you were unsuccessful in your drawdown.
It is this concept that is one of the most important to understand in trading, as it underscores the importance of protecting one's trading capital, as it shows the difficulty of coming back from a loss in relation to the ease of taking a loss. It is also most traders lack of understanding of this concept that causes them to take risks which are way to large and is a major contributor to the high failure rate among traders.
That's our lesson for today, in tomorrow's lesson we are going to talk about how to design a plan before entering a trade or managing the position in case it starts to move against you so we hope to see you in that lesson.
As always if you have any questions or comments please feel free to leave them in the comments section below so we can all learn to trade together, and good luck with your trading! (less)
Views: 67
Comments: 0
Duration: 03:59
34. Why Most Traders Lose Money and The Solution
Produced By:
InformedTrades on 03 Jan 2008
Category: Creating Wealth
Description: http://www.informedtrades.com/
A (more...) lesson on the importance of money management in trading and how most traders of the stock, futures, and forex markets ignore money management because they do not consider it important and therefore loose money trading.
Why the Majority of Traders Fail
In our last lesson we finished up our series on Candlestick Chart Patterns with a look at the Inverted Hammer and the Shooting Star Candlestick Chart Patterns. In today's lesson we are going to start a new series on money management, the most important concept in trading and the reason why most traders fail.
Over the last several years working in financial services I have watched hundreds if not thousands of traders trade, and over and over again I see smart people who have been intelligent enough to accumulate large sums of money in their non trading careers open a trading account and loose huge sums of money making what you would think are easily avoidable mistakes that one would think even the dumbest traders would avoid.
Those same traders are the ones that consider themselves too good or smart to make the same mistakes that so many others make, and that will skip over this section to get to what they feel is the 'real meat' of trading, strategies for picking entry points. What these traders and so many others fail to realize is that what separates the winners from the losers in trading is not how good someone is at picking their entry points, but how well they factor in what they are going to do after they are in a trade into their trade entries and how well they stick to their trade management plan once they are in the trade.
For the few who do get that money management is far and away the most important aspect of trading, the large majority of these people don't understand the large role that psychology plays in money management or consider themselves above having to work on channeling their emotions correctly when trading.
So in this series of lessons we are going to first start with a look at the psychology of money management and the role that this plays in causing so many traders to loose their shirts and then move on to ways of managing this before finishing up with specific strategies for managing trades once you are in them.
While not the most exciting part of trading, I assure you that if you don't understand and work on the concepts presented in this section you are pretty much doomed to failure as a trader no matter how well you understand the other aspects of trading. Having said this I also assure you that if you do understand and work to expand your knowledge of the concepts presented in this series you will be well on your way to becoming a successful trader. (less)
Taxes: Odds of an Audit
Produced By:
moneytalks on 12 Mar 2008
Category: Taxes
Description: Being rich has some fairly obvious (more...) advantages. But there are also drawbacks. For example, this time of year when a big income may mean bigger odds of an audit. Audit odds. (less)
6. Day Trading Lesson 6: Multi Time Frame Analysis
Produced By:
InformedTrades on 29 Nov 2007
Category: Creating Wealth
Description: http://www.informedtrades.com/
The (more...) sixth lesson in a series on technical analysis for active traders of the forex market, futures market, and stock market.
We should now have a good understanding of how to spot trends in the forex market, stock market, and futures market. Now lets tie everything together we have learned thus far with the final concept of this series, Multi Time frame analysis.
No matter what time frame you end up using as a trader or what time frame a particular strategy calls for, it is important always to have a big picture overview of what is happening in the market. Although there are exceptions, in general most traders will tell you that if your trade setup or analysis lines up on multiple time frames, then the odds of being correct are greatly increased. (less)
Russ Whitney Ripoff? (2/2)
Produced By:
moneytalks on 26 Oct 2007
Category: Real Estate
Description: If you've ever been tempted to attend a (more...) free seminar on real estate investing, or felt attracted to a money-making course you see on some late night infomercial, this next story is for you. Part 2 of 2. (less)