Tips for keeping your data intact in the event of a disaster.
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With three working days to go until the August 1st deadline, sellers of four or more bedroomed properties requiring a Home Information Pack (HIP), are being offered a helping hand by Skipton Building
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Three ways a second home can drain your wallet.
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The House of Lords has ruled in favour of a husband and wife business partnership - and against HM Revenue & Customs (HMRC) - in what amounts to a landmark tax case. At issue was HMRC's con
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Here's how to balance work and family life.
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Following is a table of forecasts for New Zealand’s official cash rate at the four remaining reviews this year.
2007 July Sept. Oct. Dec.
---------------------------------------------
Median 8.25% 8.25% 8.25% 8.25%
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ANZ National 8.25% 8.25% 8.25% 8.25%
ASB Bank 8.25% 8.25% 8.25% 8.25%
Barclays 8.0% 8.0% 8.0% 8.0%
BNZ 8.25% 8.25% 8.25% 8.25%
Citigroup 8.25% 8.25% 8.25% 8.25%
Deutsche 8.25% 8.25% 8.25% 8.25%
First NZ 8.25% 8.25% 8.25% 8.25%
Goldman Sachs 8.0% 8.0% 8.0% 8.0%
HSBC 8.25% 8.25% 8.25% 8.25%
ICAP 8.25% 8.25% 8.25% 8.25%
JPMorgan 8.25% 8.25% 8.25% 8.25%
Macquarie 8.25% 8.25% 8.25% 8.25%
RBC 8.25% 8.25% 8.25% 8.25%
TD 8.0% 8.0% 8.0% 8.0%
UBS 8.0% 8.0% 8.0% 8.0%
Westpac 8.25% 8.5% 8.5% 8.5%
==============================================
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It seems from what has come across my desk over the last month or two that the easiest way to make money out of the forex market is to sell an ebook or DVD course catered to forex traders (i.e. the forex market).
One such forex course that came across my desk not too long ago stated in their copy that users COULD make US$300 per day trading their method, with only 20-30 minutes day of work.
What shocked me though, as I read through the copy, was that the claim was backed on mere hearsay.
That’s right there was no substantive evidence confirming that a user could make US$300/day - just someone’s opinion!
Yet this course sold for US$2,000 and many bought into the hype.
When I asked how such claims were derived (i.e. from hypothetical backtesting, or from actual trading - whether it be from the person selling the course or from a customer) no such response was given (which didn’t surprise me).
In this internet age things such as this will become more prominent.
Forex trading is a skill. There’s nothing wrong with purchasing ebooks or courses if you believe purchasing the course will enhance your forex trading skills, but try to remain objective whenever you come across such emotive sales copy that has been written by a trained copywriter who is expert in exaggerating claims and enhacing the course without stretching the truth too much.
You may even want to employ tactics that I use before I purchase a product (I’m going to assume that the product being pucrhased here is an informational product, you wouldn’t likely be able to use these tactics if purchasing a signal service, or something more tangible such as forex data):
First thing I do is look for claims in the sales copy of what this product will give me and I try to reverse engineer from the sales copy! What I try to look for are bullet points as these usually contain small snippets of information about what the product will provide. What I do with each bullet point is to try and figure out for myself what each bullet point’s answer is - it will be test of your own knowledge and also your creativity. As an example a sales copy might say:
- Know which direction a currency is likely to trend in the short-term AND medium-term in TEN SECONDS.
Now if you had to think of what this could be what answers would you come up with? Stop, think about it for a minute. Try it for a few seconds and see what you’d come up with.
If I had to have a guess on copy that said something like that I’d probably guess that the course would be either peddling some sort of trending technical indicator (such as moving averages, trend lines… etc) and employing them on different time frames to gauge short and medium-term trend, or perhaps looking at carry trades by assessing which pair has the higher interest rate (for medium-term direction), or perhaps looking at announcements to see whether an economic report will be favorable or not to a currencies short-term direction.
Sometimes brainstorming like this has produced new ideas… all thanks to a product I never bought!
If I come across a bullet point that I cannot answer I write it down and come back to it when I’ve gone through the copy. When I’m done I then go back to all the bullets and determine whether the bullet point will indeed enhance my forex trading. For those bullet points that I believe MAY enhance my forex trading skills I look at the price of the product and make one last final determination on whether the price fits the value (that I deem) for me to increase my forex skills.
Sometimes I’ll even search on the internet to see if I can try and find the answer to it before buying the product, because you never know if the seller may have pinched it from somewhere else!
So, one of your main priorities when purchasing any forex product should be: will it enhance my forex trading skills. If it doesn’t don’t be afraid to say no and move on - spending money on forex material is an EXPENSE and will affect your overall profit and loss at the end of the financial year.
Signal vendors come and go, methods have their season, but if you have purchased products that have enhanced your forex trading skills then you’ve got something that will last you a lifetime.
Tags:
Forex Trading,
Forex Systems,
Forex Trading Courses
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Latest data from property website, Rightmove, shows the average property asking price nationally rose by just 0.3% in July - the lowest monthly rise this year. And giving an annual rate of 10.3% (
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Sure, you can do it. But should you? Here's what you need to know.
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Hello....
I just finished reading Brett
Steenbarger's new book "
Enhancing Trading Performance" and thought I would I would write down a few of my thoughts.
The bottom line is I loved the book. I have multiple pages of
useful notes and endless makers and highlights of key points in the book. It was packed full of
useful information. The thing that really hit home with me is that Brett works in a Brokerage firm where he is in touch with a lot of successful traders. Traders that have had the same struggles as us and he has helped them though it. So he is familiar with our challenges and has key points in the book to help us through them. Not to mention he is also a trader. He does a great job of bridging the gap between trading professionally and any other profession whether it be a professional
athlete, a doctor, or scientist. They all take hard work and dedication and it doesn't happen overnight. Another key Brett emphasizes is finding the right fit between your talents and interest, which is probably the most crucial step.
So to sum things up I would easily place this book in my top 5 all time trading books and most of the concepts in the book I'll be able to use not only in trading but in my every day life.
Brett's Information...
Website:
http://www.brettsteenbarger.com/Blogs:
http://traderfeed.blogspot.com/Trade Well....
Brent
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