How To Sell My Gold

By Hal Young

How to sell my gold? This gets brought up quite a bit for newbies to the selling gold field. Whether its gold jewelry, coins, bullion, or even gold scrap you can sell your gold for cash both safely and easily if you take the time to learn how. You just have to be on the lookout for con artists and scammers looking to take advantage of you. In the following article I will explain just how you can do that.

The very first thing you need to do before you think about finding a buyer is to figure out how much your gold is worth. The easiest way to accomplish this is to go directly to a jeweler or pawnshop where they have the tools available to determine the karats of your gold and how much it weighs. They will then give you an estimate based on the current spot price of gold. But that price changes daily so you may have to check a financial related sites like CNN or gold price.org that will give you the current price of gold later when you actually go to sell your items. You can also try your hand at figuring it out yourself but you will have to find a guide that shows you how to convert from the standard ounces to pennyweights.

Once you have an idea about what your gold is worth, you have to find a buyer. This sounds pretty easy but there are hundreds if not thousands of buyers out there so we have to be careful. Who you sell to also depends on what type of gold you are selling. You wouldn't sell gold bullion to the same place that you would sell broken gold jewelry for example.

For scrap gold and the like, you would be best off selling to a gold refiner or dealer. They buy all kinds of different gold based on the current price of gold. If you can, you should try and find one that pays out at least 90% or more.

If you have any gold jewelry and you think it might be worth more than just the gold content in the piece, you should probably think about selling to a gold jeweler or pawnshop. At very least they will confirm if it is actually worth more than the gold content in the piece. If it is you will certainly get more than what you'd get from a gold refiner or dealer.

The final type of gold that most people sell is gold coins or bullion and you can sell them to several different places. The best though is straight to a bullion deal or gold coin dealer depending on which type you have. You can still go to refiners but it may be less than what you could get at a dealer.

Those are all of the major types of gold that most people try and sell and where to sell to but there are of course other places to sell your gold to like online auctions. Just follow the advice above and to be well on your way to selling your gold safely and easily. - 23199

About the Author:

Hal writes about all the different ways that you can go about selling gold for cash. If you have ever asked the question how to sell my gold then please visit his site where he will show you how.

Understanding Call Options

By Maclin Vestor

In late 2008, after the market tanked, losing at one point over 500 points in a day, this was for many, a wake up call to them. They realized that perhaps owning stocks for the long run was not entirely safe, and required some more financial education.

While it's true that in the long run stocks may have returned 10%, at any given moment they could come down. Do you really want to risk that we go through a depression or hyperinflation causing you to lose value just before your retirement? Puts and calls are a way to either do less with more, or protect against the things you want less of to happen more. Of course, unfortunately many people use them to speculate trying to do more with the same amount of money at risk, which can potentially lead to much greater losses. An option contact is the right to execute a certain trade at a given price. A call option is the right to buy, where as a put option is the right to sell. Now if you could buy a stock at $100, you could either pay for 100 shares for $10000. Or you might be able to buy an option contract for the right to buy 100 shares, at a set price. You don't pay for the shares themselves unless you decide to.

An analogy I like to use is a reservation to buy an item that isn't even out yet. Say people wanted to buy the PlayStation 4 immediately after the release date was out. Now let's say people expect it will cost $1000. You on the other hand have looked at everything that they say the PlayStation 4 will contain, and you believe it will actually be worth $2000 when it debuts. You believe the supply will be short, demand large in the future. A store learns that it in fact would retail at $1000 if sold today. So you might put down $100 now to reserve that PlayStation 4 at $1000. You only have 30 days after its release date to execute this "option" otherwise it expires worthless and you lose your 100 shares. Now lets say it's a huge debut, and everyone wants it, you could pick up your copy and own the PlayStation and decide when you want to sell it. Or, you could let someone else do that work, and say online it's going for $2,000. So you could sell the rights to your contract for maybe $900, and now your $100 contract is worth $900. The thing about options is if you are right, the rewards are much greater in percentage points. You could buy the PlayStation at $1000 when everyone else is paying $2000 this contract is worth $1000. Although you would have gained $1000 if you bought the PS4 at $1000 rather than get a contract to reserve it at that price, by only paying $100 you risk a lot less. If you were to buy 10 contracts the maximum potential risk is still 100%, but the reward would be 10 times as great. Unfortunately while the potential risk is the same, in reality, the risk is greater because the liklihood of a large loss occurs more often.

Options work the same way as the example, only rather than the right to buy a single item; it is the right to purchase shares, usually 100 shares per 1 contract. So instead of paying $100 for the right to buy a $1000 item, you instead might pay $100 to purchase $1000 worth of stock or 100 shares at $10.

There are of course some major downfalls. If the stock goes below $1000, who in their right mind would want to buy the contract? Well actually, anyone who believed the price would go up significantly. So if the contract never expired, someone would pay a lot more. If the contract expired the next day, the contract would be worth a lot less as it would be a much greater gamble.

Another fallback is it is not quite the same as putting $100 as people do at retailers traditionally, because in that case, the $100 is generally refundable or discounted towards your purchase, where in the case of options they are not. So it's possible that the value of the underlying stock goes up, but your contract still isn't worth anything. If in the example, you were only able to sell it for $1099 or less, you would still lose out. Say that instead of paying $100, reserving a $1000 item at $1000 price, you decided you would rather pay $65 to reserve that stock at $1200 price. Although the stock is not currently worth that much, if it does go to 2000, it's worth $800 over a 1200% increase. However if it only goes to $1200, you're out the $56, rather than gaining $200. In addition, even if you did reserve it at $1000, if the price of the item is not worth at least $1100 you have lost, and in addition, you could have used that $100 elsewhere during that time.

The options market is derived from the stock market, and may require a different trading system. While every option you have is based on the underlying price of the stock, index, or commodity, that doesn't mean the risk is the same. There is a greater risk of the stock doing nothing as the option still maintains some of it's value. The more time it has, the more potential it has to achieve a gain, and thus the more it's worth. In general buying options is a way of having leveraged control over the stock's price movements without needing to own them directly. Buying a put option is betting the stock will go down, where as buying a call option is betting the stock will go up.

On the other hand, selling a put or call option is collecting cash with the promise to pay the call owner 100 shares of the stock, and the put owner you will be forced to buy 10 shares at the designated price. For example, if you sold a call for $100 with the designated price of 100 shares at $10 or $1000, and the stock went up to $15 or $1500 worth, it would cosst you $500. If you owned the shares of stock you could instead just sell the shares and miss out on the gain that you would have otherwise had. If you sell puts for $1000 for 100 shares at the designated price of $10 per share and the stock was at $10 and went to $5, you would have to buy 100 shares at $10 even though it's only worth $5 each, or just take a $500 loss. Buying stocks and options both can be risky, and it is important to consult with experts and to understand the rules and regulations as well before investing, or before trading stocks or options. - 23199

About the Author:

Maclin Vestor teaches about stock market investment advice. You can even learn about finance, money management, and figuring out finance at his blog.

How Understanding Elliot Wave Analysis Can Enhance Your Stock Trading Strategy And Double Your Returns

By James P Kupe

One question every trader should ask before making an investment decision is: What is the overall trend of the market right at this moment? An understanding of Elliott Wave principles can help traders answer this question, and it can give you a confident forecast of whether the market is likely to go up, down or sideways in the immediate future.

A good reason to take the time to understand Elliott Wave Theory is that it can help you to identify whether the market is trending, or is it in a reaction to the current trend. Understanding these patterns of market behavour can help you to accurately forecast where the market is likely to go next, and position yourself accordingly.

There are three important elements to Elliott Wave Theory

Pattern - Is the market currently trending up or down? Is it in an impulse wave or a corrective wave?

Price - When the market has completed an impulse move, how far will it correct?

Time - How long will the market continue to trend in its current direction?

A bull or up trend is signaled by a series of higher highs and higher lows, while a bear trend is characterized by a series lower highs and lower lows. These wave patterns can be seen in the market at all time periods " daily, weekly, monthly, and even on intra day charts.

When any market corrects, the major support and resistance ratios are .382, 50% and .618 and 100% of it's previous ranges. And it's important to remember that these reactions can be measured in both time and price. So if a bull market were trending strongly, you would expect an average correction to retrace around 50% of the previous leg up in both time and price.

The shallower the retracement before the trend resumes, the stronger the trend is deemed to be. As an example, let's say a stock rallies $5.00 in 60 days. You would assume a 'normal' correction to be around $2.50 and take 30 days. If the market retraced only .382 in price ($1.91) and time (23 days), and then gave a signal that it was starting to resume the rally, it would put the Stock in a very strong (bullish) position.

As I said, the major importance of understanding the Elliott Wave pattern in the markets you trade is to determine the direction of the dominant trend. We always want to trade with the main trend, and if possible, enter at the end of corrections to the main trend, so we can maximize our profit from the next move. The problem for many people however is this - how do you know the correction is ending and the major trend is resuming?

There are dozens of 'entry triggers' you can use to enter trends - trend line breaks, Moving Average crossovers, higher highs and lows on our Swing Charts, etc. Your most important goal as a trader is to decide on an entry trigger you are comfortable with, something that has a proven history of reliably finding the beginning of fast moving trends. When you do, take every signal your system gives you. And always remember - as soon as you have entered a trade, implement a trailing stop loss system that removes you from trades when each trend comes to an end.

When you have a proven system for identifying, entering and exiting trades, you'll find your trading much less stressful and your account balance will start to grow consistently. - 23199

About the Author:

For a Free the Stocks you trade trading strategy Video revealing a proven trade entry signal that's right up to 77.4% of the time, and sa simple ways you a simple way to position yourself breakouts in the the Stocks you trade up to 4 days before they actually occur, visit http://www.stocktradingexperts.com

Earn Extra Cash With Forex Trading - Is It Possible?

By Steve Halladay

If you've run across this article, you probably fall into one of two categories. You're either already dabbling in forex trading, or you're interested in getting started. This article can help you, no matter which camp you fall into.

First off, let's quickly touch on what forex trading is. It is the trading of currencies in order to make a profit. In order to make money you need to be able to accurately predict fluctuations in various currencies in order to know when to buy and when to sell. It's a lot of fun, but it also be a big challenge to learn how to trade successfully!

There is tons of information on the internet and in bookstores about forex trading - it's easy to suffer from information overload! You can spend months - even years - trying to read about all the different trading strategies that have been proven to work. The trouble is that the strategies that work in the markets are constantly changing so it's quite possible that a strategy you read about today was written too long ago to still work. Unless you have a lot of time to dedicate it's extremely difficult to stay up to date "with the times".

If you don't have the time to spend on making forex trading a full time career, it's a good idea to let someone else do some of the work for you. It's actually pretty simple to make a reasonable second income through forex trading, as long as you go about it correctly. Trust the experts - they know a lot about the markets.

The easiest way to effectively do forex trading is by using a forex robot. This software collects real time market data automatically, and has been programmed by professionals who know what they're doing. It can help you identify the trades that would be the most profitable, and spot signals of a good trade. For instance, this kind of software can tell you when to buy Yen and when to sell to get a profit.

A lot of people are skeptical at first, and for good reason. After all, you are putting your trust into a computer program. However, there are a number of proven softwares that have incredible track records. The key is to look for a couple of specific features when making a purchase.

First, don't fall for the idea that expensive programs are automatically better. There are programs that cost thousands of dollars that are absolute garbage. Instead, you can find reliable, profit making softwares for around $100.

When it comes to guarantees, make sure your forex software has one. Programs that work are made by companies that are willing to back them up. The guarantee should be for a minimum of thirty days, and more time is better.

The program should offer a demo account, too. Those will allow you to see how things work without investing real money. This lets you get used to the program and the methods of trading. Once you see how the simulation works, you can begin using real money.

Forex trading is one great way to earn a little extra money, as long as you do it the right way. If you're not sure about anything, don't be afraid to ask! - 23199

About the Author:

Click Here to learn more about making money by trading forex. You can learn to trade forex and look at reviews about forex programs and software.

Learn Forex To Find Your Way To Success

By Bart Icles

The number of people joining the foreign exchange market apparently increases each trading day. If you are planning to test your luck in this rewarding yet unpredictable market, then it helps if you take time to learn forex basics, strategies, and secrets. There are many different kinds of forex trading classrooms online and they are all there to help you understand the different buzzwords and goings-on in the forex world.

If you enroll in these online forex lectures and classrooms, you can have the opportunity to evaluate and monitor your progress in learning the ins and outs of the market. These online learning hubs can also give you a feel of how it is like to trade currencies in real time, and you will be able to track how your trading skills evolve on a daily basis.

As you learn forex basics, strategies, and techniques, you will be met by various kinds of ups and downs that will all - in one way or another - have some kind of contribution into your learning. Going through ups and downs helps you sharpen your skills so you can have light bulb moments right when you need ideas fast. Your forex education will be your ticket to success or failure in the market. A forex training class will help you understand the significance of controlling risks, objectively reading different market signals, adjusting your position size, and using technical analysis in an appropriate manner.

The creation of a successful trader relies much in the development of your skills as a forex trader. This only stress how important it is for you to learn different principles governing the forex world so you can easily adjust to the challenges you might face in each passing day. However, it is not enough that you know what it takes to be successful. More importantly, you need to understand that you will need to embrace all the fundamental principles you have learned so you can apply them to actual trading. And yet, there are still lots and lots of beginners to the forex market who fail to embrace these principles. This is in fact quite true because many forex trading beginners treat trading as more of hobby rather than a business.

One of the ways to keep yourself from failing in your forex trading venture is to give commitment to learn forex principles, fundamentals, and techniques. Along with these, you must also treat your forex trading sting as a career and not like some weekend hobby. - 23199

About the Author:

Your forex training software starts with a desire to learn and a drive to become a great trader. Using the best forex training takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.