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Friday, November 6, 2009

Forex Seminar Own Without One

By Scott McDonald

Sick of the old forex seminar sessions that just don't show you the material you need? I got sick of seminars long ago and demanded to find out the truth behind forex. The people that do these seminars may or may not know about this one method, but one thing is for sure they do not want you to know about it! This one method has led to me doubling my trading account in the first month!

Sure a forex seminar can be useful and you may learn a thing or two from it, but I can tell you what you won't learn from it. How to actually make money like the big traders. They don't want to tell you their secrets in a seminar, then they wouldn't have to send you through their over priced training. This one method that they use and I have discovered has made profitable trade after trade!

A forex seminar shows a trader the basics, and usually nothing more. They like to build up want and need for their training systems to get your money. They don't actually tell you their tested and true methods to making money. I have found out their greatest secret methods that they don't want you to know about!

What a forex seminar has offered me in information were only the first few steps to forex. After discovering a method that blew my fellow traders away, they were open ears to find out how I made such massive profits. Blow you're fellow traders away with the massive revenue you can generate, tell them your secret or keep it to yourself.

Get rid of the forex seminar mindset, and get into the mindset of performing and making true profits. Find out the secrets that the big traders have kept hidden for years. Take a step ahead of the average trader and learn the method that has made my trading account regularly double every month! The successful know an opportunity when they see one, do your self a favor and discover the method that works! - 23199

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A Short Summary Of The 401k Retirement Plans

By Michael Swanson

Almost everybody that has held down a job has heard of the benefit of a 401k retirement plan. This plan entitles every tax payer the ability to save money for their retirement years. Generally, money is put in a special account before it reaches their paycheck, rendering it tax free. This money insures a safety net for the employee when they reach their senior years. The employee controlls the amount deposited. Let me give you some 401k advice.

There are many perks when employee utilities the benefits of the 401k account. The following is a list of three, but there are many more rewards that aren't discussed.

1. Tax free investments. The few dollars invested by the employee from their paycheck doesn't seem like much, but after a few years, the money shows significant growth.

2. It's a chance to invest your hard earned money before taxes are taken out. One of the many benefits of having a 401k retirement plans is that money is deposited into the account before taxes are taken out.

3. Many times the employer will match the employee's deposits by up to 100%. This can accumulate quickly making hundreds turn into thousands of dollars. The earlier you start building your 401k retirement plan, the more you will receive when you retire.

One of the smartest financial assets to have is a 401k retirement plan. It ensures that seniors and their families will have a steady income when they retire. When it comes to retirement, nothing is more important than your state of mind, state of financial well being, and your health. A 401k retirement plan covers two of the three. - 23199

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Fibonacci And Pivot Point Trading (Part I)

By Ahmad Hassam

Some traders are diehard fans of the Fibonacci and pivot point trading. The use of Fibonacci retracement levels and pivot points are often considered by their adherents as complete, self contained trading strategies.

Don't confuse the two methods as one. I want to make it clear the Fibonacci Retracement and the Pivot Points are two different methods and must not be confused as a single trading method. Both produce mathematically derived support and resistance levels that traders may use either as indicators of possible retracement turns or as zones to watch for breakouts. The horizontal price levels that are generated through Fibonacci retracement levels and the pivot points are calculated using different methods and formulas.

Why Fibonacci retracement levels and the pivot points work most of the time? What makes these tools work surprisingly well under diverse market conditions is the simple fact that many traders both small and large use Fibonacci retracement levels and pivot points in their trading.

Therefore the levels derived from these two tools become self fulfilling prophecy. This is why significant price action occurs around these levels due to the fact that many traders are watching and reacting to these price levels.

This phenomenon contributes to the Fibonacci retracement levels and pivot points frequent effectiveness and accuracy in describing the market movement. The most common Fibonacci retracement levels are 23.6%, 38.2% and 61.8%. These three Fibonacci retracement levels are most frequently followed by the traders.

Fibonacci retracement levels are very popular among the traders. You will hear very often, the commentary on CNBC or Bloomberg that price is approaching the 38.2% retracement level and something important like a turn could occur at this level. This shows the popularity of Fibonacci retracement levels among the trading community.

Both Fibonacci retracement and pivot point trading methods have clear cut locations for the stop loss placement similar to most support/resistance trading methods. Fibonacci retracements can be traded either as a breakout opportunity or as a retracement bounce. Fibonacci levels can also be used as profit targets for existing open trades.

Pivot points are derived mathematically from the previous day's data that includes the previous day's high. Low and close. The main pivot point (PP) is calculated by taking the average of the high, low and close of the previous days' price action.

After calculating the main pivot point (PP), four other primary pivot points are calculated from the main pivot point (PP). Two are below the main PP. Two are above the main PP. The levels above are R1 and R2 where R stands for resistance.

You can easily find a pivot point calculator online. Most of the charting software also can calculate the pivot points. The two levels below the main PP are the S1 and S2 where S stands for the Support. Often these pivot points are further extended to R3 and S3.

Many trader use pivot points in their trading! Pivot point trading can be a highly profitable trading method. However, it is always good for the trader to know how these pivot point numbers are calculated. This will give the trader an understanding of how these numbers are calculated and what are the variables that are used to calculate them. - 23199

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Forex Trading Systems That Work

By Anthony McDonald

Of the many forex trading systems available today, it seems that a lot are just not the guide that you should be reading. It seems that the quality of information in these guides is lower than ever and they can't get anything relative across. With the economy and its downturn, there are a lot that are turning to forex for an alternative source of income.

Looking through many forex trading systems it almost felt like there are few to none that are in anyway beneficial to a trader. I have been through many methods through the years that have come and gone. In my experience in order to know if a method will actually work or not, you have to put it to the test. Testing for a week or two will determine accurate results on if it works or not.

In forex trading systems a common problem I have found is that they only work for a short period of time, or they are not repeatable. Having a repeatable system is very important. If you cannot make profits off it and repeat it, it is a failure in my eyes. Methods should be repeatable and turn profits consistently. Many new traders never test a method enough before relying on it.

After getting fed up with forex trading systems that just failed and did not perform like they claimed, I had to find a method that was bullet-proof compared to the rest. After a period of testing many methods out, I found one that was truly powerful. I found the method that the big traders have been using for years! This method was one that turned results better than any I have ever seen!

The other forex trading systems just can not compare to the power of this one. In the first few days of using this method my profits started to increase. No matter what level of a trader you are, adding this one method to your forex trading is a sure way to make some massive profits! In a matter of 30 days of using this method, I had double my trading account! - 23199

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Forex Courses That Perform

By Anthony McDonald

Of the many forex courses out on the market, more common are ones that do not offer good training for the beginner trader. I have discovered one that helps put you in the mind frame of properly assessing market conditions and how to use them in your trades. A sad reality is that many of the forex courses available are not very helpful for a trader. In my mind it doesn't make sense to pay for a course that doesn't build trading confidence and knowledge.

Is seems that forex courses all make the claim that they will train you their one sure thing system that will lead you to your forex success. Most of the courses that make these claims can not hold up to them. They are mostly focused on selling you their training to get money in their pockets, not yours.

Forex courses seem to always offer exactly what you want when they are trying to convince you to attend; for the most part the real training is hardly related. I have even seen some courses have contradictions in the training, how is that going to help a trader other than confusing them and turning there trades into uncertainty.

If Forex courses have taught me any thing, it was that there are few that teach you useful tips that can actually help your trading. If you think that you can look up a free course for Forex that has success filled tips in it, think again. Why would someone offer valuable tips for free that anyone serious would be willing to pay for? The answer is that good tips are never free.

I got sick of forex courses making these high claims that they could not live up to. Testing out a few more paid methods I came to one that brought hope. Taking it to the ultimate test of a month of application, the results were in. In a matter of thirty days I had doubled my trading account! These results were far beyond what I had anticipated. I found a true method to money generating, and there has been no method to match ever since! - 23199

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