You Need A Forex Traders Mindset (Part I)

By Ahmad Hassam

Most of our trading decisions are guided more by emotional than logical thinking. Our mind is capable of playing emotional tricks on us. Human beings are emotional creatures. It is often said that we are our own worst enemy. In forex trading, this is the ultimate truth.

Emotions can work against us. Emotions can work for us. Your battles are won or lost in your mind first. Victories are won and lost in ones mind. We can get seduced into unfavorable situations by our emotions. A traders mindset is the most important ingredient of success. If you have the mental strength to control your emotions, you can become a consistently profitable trader.

Forex trading is not for everyone. Do you have a strong desire to succeed in forex trading? You will end up like the majority who end up losing their money if you just want to try your luck or dabble in trading. Do you have the passion for trading forex?

You must be highly self motivated in order to become a successful forex trader. Are you ready to devote a lot of time and effort into picking up the trading skills and knowledge? You must have a concrete plan of action and not be afraid of failure.

You cannot succeed without knowledge and skills. If you want to succeed at anything, you should immerse yourself in that thing. Learn every nitty gritty. This is the only way to succeed. So you need knowledge and skills in trading currencies in order to become a successful forex trader. To attain consistent success in forex trading, a huge amount of time, effort and money is required for a trader.

Are you willing to accept losses as part of trading? You are going to make mistakes while trading. Do you understand that you can suffer losses in trading? Are you willing to learn from your mistakes? Do you have a traders log that you use to reflect on each lost trade and learn from it?

Every trade needs proper planning. Dont try to rush into a trade. Many traders enter into the trade based on someone elses market analysis. Most depend on market analysis from an analyst. If the trade turns out to be a loser, most of us tend to blame the market analysis and the opinion of the analyst. It is easy to blame others.

But is it fair to blame someone when you could have done further market analysis on your own. It is foolish to blame others for your mistakes when you could have planned your trade in a better way. Dont be trigger happy? Only pull the trigger when you are confident that you have done your analysis to confirm what others are saying.

Fear and greed are two demons that are going to haunt you in every trade. Fear and greed are the two most important and dominant emotions that affect not only the individual traders but also the currency markets. A trader is constantly under the influence of fear and greed when trading. Can you be greedy when others are fearful? Do you need to be fearful when others are greedy? In fact, these two emotions are the main drivers of the forex markets.

Fear and greed are behind the steering wheel of the currency market. Fear makes many traders like you over pessimistic about a currency pair. They start the selling frenzy. Similarly, greed is going to make many traders like you over optimistic in thinking that a currency is going to appreciate. Greed starts a buying frenzy. It develops a bubble based on the irrational exuberance. It is inevitable that this bubble is going to burst. When greed takes over, the market becomes bullish. When fear takes over, the market turns bearish. - 23200

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Know Swing Trading. Learn Forex Trading!

CFD Trading Strategy - Symmetrical Triangles Downside Breakout

By Jeff Cartridge

Symmetrical triangles have been very popular with traders over the years trading the chart pattern when it breaks out in either direction. A symmetrical triangle is defined by two lines, one on the upper boundary of the price movement which slopes down and one on the lower side which slopes up. The lines have almost the same angle, hence the name symmetrical.

Symmetrical Triangles, Not Usually Traded Short

Symmetrical triangles are definitely not one of the most predictable patterns that are available to trade short. With just 45% of the patterns breaking down symmetrical triangles also don't deliver good returns when they do. The average drop is 0.33% in 9 days with less than half of the breakouts (44%) being profitable. These results are not great, but selecting the right conditions can make trading symmetrical triangles better.

Specific Setups to Improve Profitability

As you would expect a break to the downside works better in a falling sector and market environment. By using filters that require the market, stock and the sector to be in a consolidation or a down trend you can improve the results.

A breakout from a symmetrical triangle is best if it occurs later in the pattern, but not near the start. The best trades occur when a down side break occurs after the stock bounces off the lower boundary and drops back before hitting the upper boundary.

Ensure that the volume is supportive of the breakout, i.e. volume as the stock falls is greater than volume as the stock rises. One last filter that improves the results is to look for the share to close lower prior to the breakout.

Symmetrical Triangles Profitable on the Short Side as Well

You can improve your trading results by using a series of simple filters that have been outlined here. This select group of symmetrical triangles delivers an average profit of 1.58% in 9 days and is profitable on 47% of the trades. Overall this makes symmetrical triangles attractive to trade on the short side.

Note: Statistics for this article have been provided by Patterns Trader after analyzing over 60,000 chart patterns on the Australian market from 2000 - 2008. - 23200

About the Author:

Jeff Cartridge is a private trader and created the website LearnCFDs.com Discover Patterns of Success

Silver Gemstone Rings Variety

By Patrick villa

Gemstones have long been used for healing and spiritual purposes. These unique properties of various gemstones are what make them even more special. Gemstone rings were one of the ways in which men and women could sport these healing stones.

When thinking of choosing silver gemstone rings you may wonder what options you may have. The list is exhaustive as each stone has different qualities and are selected based on what the wearers requirement is.

Diamond Rings

Diamonds are perhaps the most coveted and desired gemstones the world over. With a silver setting, the stone and base both gleam and sparkle with grace and really are an awe inspiring combination.

A diamond is said to remove negative energy and any blockages in the spiritual life path. The gemstone is also utilized as a constant reminder for awakening and igniting the wearers spiritual obligations. It is commonly used in wedding bands as it promotes strong relationships and harmony.

In terms of the physical powers that diamonds have they can actually remove toxins from the body and help to enhance eyesight. They also enhance metabolism. In general diamonds also promote unity and love of self and with others as well.

Jade

This beautiful gemstone is known to produce divine unconditional love in the wearer. It is known to be a source of motivation as well. It is believed that jade raises awareness of the body's need to rest.

This pale green stone also attunes your spirit with the universe and nature and promotes self confidence and self sufficiency while cleansing the blood and eliminating harmful toxins from your body.

Pearl Rings

Individuals suffering from emotional imbalances can benefit greatly by incorporating pearls with silver. This unique precious gemstone enhances personal integrity while soothing the highs and lows of emotional expression.

Pearls are also believed to help strengthen the pancreas and adrenals which consequently increases insulin production in the body. Hence pearls can help regulate the fluctuation of insulin levels in the body.

By opening the way to spiritual and emotional enlightenment, the use of a pearl ring would help the wearer benefit from balanced emotions.

Garnets

The garnet promotes ones obligations to others and helps you remain true to yourself while helping those in need and fulfilling your personal obligations.

The mesmerizing gemstone looks attractive and activates the second chakra which wakes up creative energy in the body. It also repairs DNA damage and equalizes your inner sexual energy. Garnet helps in the digestion of various minerals and vitamins in the body some of which are magnesium, calcium and iodine along with Vitamin A and E. - 23200

About the Author:

Silver Wedding ring can be enriched with a variety of precious stones. For more in depth advice on your choices regarding Gemstone Silver Ring click on the above links.

A Historical Look At Guaranteed Investment Certificates

By Amy Nutt

Guaranteed investment Certificates, (GIC) are Canadian investments that provide a guaranteed rate of return over a fixed period of time. GICs are normally provided by banks, credit unions, and trust companies.

The earliest forms of guaranteed fixed-income investments included such investments as bank notes and mutual funds. The first Canadian fund, Canadian Investment Fund Ltd. (CIF), was established in 1932. It changed its name to Spectrum United Canadian Investment Fund in 1996, and this fund changed name at the end of August 2002 to CI Canadian Investment Fund. Investing in guaranteed investment certificates, or GICs, has been the safe and sound choice from the time when registered retirement savings plans became available in 1957. GICs were created to give people a guaranteed return on an investment. Back in the 1970's, interest rates on investments were higher averaging about 7.7 per cent and as much as 15.8 per cent in 1982. Part of that high interest rate was due to higher price inflation than today.

Interest rates are lower now. Over the past five years, GICs with a five-year term have paid an average of less than 3 per cent a year. Because Guaranteed Investment Certificates are low risk, there is normally a lower rate of return. With a GIC, the financial institution will borrow the person's money for a specified amount of time which can be six months, one year, two years, or up to 10 years. When the GIC period has ended, your initial investment will be returned plus any accrued interest.

To own a GIC you must deposit at least $500.00. When the period has ended, one can then cash them as taxable income or renew it for another term. If you cash out before the term as ended, you will be required to pay a fee. GICs tend to pay a higher interest rate than bank savings accounts, but less most other investments. Interest rates tend to range from 1-9%.

There are other types of GICs such as Market Growth GICs. Their interest rates depend on the rate of growth in the stock market. This is a bit more risky as the market rates tend to fluctuate. Just like regular GICs, Market Growth GICs are low-risk because your original investment is guaranteed to be returned.

GICs are a popular investment choice due to their safety and security, guaranteed growth. (The interest rate is guaranteed with fixed-rate GICs,) flexible terms, and flexible payments. With some GICs, you can decide how you collect the interest you earn, such as monthly, annually or at maturity.

Guaranteed Investment Certificates make for a sound investment if you want a protected place to save your money. GICs could be used as a part of a fixed income portion of your portfolio, used for retirement supplemental income, or just to hold your money until you come up with a number of long-term financial strategies.

Guaranteed Investment Certificates have had a long history of providing Canadians with low risk financial planning investments for retirement or other investment endeavors. Investment portfolios will benefit from having an investment with a guaranteed rate of return. As well, these investments are often selected during periods of market volatility. - 23200

About the Author:

Whether you're looking for mortgage rates or great GIC rates, with Meridian Credit Union you'll have a customized financial plan that makes sense for you. Just for you.

Woodstock, GA Has Great Homes For Sale

By Jennifer Giraldi

About 30 miles north of Downtown Atlanta resides a wonderful city named Woodstock. Not to be confused with the legendary music festival which recently celebrated it's 40th anniversary, this Woodstock is the thriving suburban city with a small town feel located in the Northern Atlanta metropolitan area. This city was once just a small town that had a pretty simple real estate market that just serviced first time home buyers and middle class families. However over the last decade things began to change. There are now Woodstock homes for sale to entice just about any type of home buyer.

Recently, Woodstock real estate is divided into three main categories. The first time home buyers, who are either single or newly married. Next would be the middle income families with children, and middle aged couples who live in medium sized four to five bedroom homes. And finally we have the retirees who desire active adult communities.

Over the last decade Woodstock has become an appealing real estate market for first time home buyers. Many adults who grew up in neighboring cities such as Roswell, Alpharetta, and Marietta, have moved to Woodstock and taken advantage of lower Cherokee County taxes, and lower home prices. Lower property taxes, sales taxes, and association dues have helped fuel the growth in this demographic.

With much affordable middle income housing, first time home buyers have flocked to this city. Communities such as Brookshire, Kingsgate, and The Woodlands, offer a great example of Woodstock homes for sale. The city now has even more appeal to the younger demographic with the Downtown Woodstock project. Complete with condos, town homes, and lofts, downtown living has now traveled to the suburbs.

Families of all shapes and sizes also love Woodstock, Ga real estate. The Woodlands provide many homes priced from the low 200s to the high 300s. Vast green space with wooded nature trails, creeks, and more, make this community one of the most sought after family neighborhoods. The area also has a good amount of luxury homes available. Golf course homes within Bradshaw Farms, and Towne Lake Hills, are also very popular housing destinations.

The empty nesters and retirees now have a solid stake in the area's real estate market. Communities such as The Cottages of Woodstock offer much amenity rich living. These 55 and older communities, although new to Cherokee County, have received many positive praises. Modeled after the prestigious Florida retirement communities, these Woodstock goergia homes are sure to please. Why move to Florida, when you can stay in Woodstock near your family and friends? - 23200

About the Author:

Find real estate in Atlanta, GA. Search real estate in the Woodstock real estate market. Woodstock Real Estate Atlanta Real Estate