Posted 1 year, 3 months ago at 11:32 pm. 0 comments
There are not many people involved in the currency market that do not use some automation to assist in trading. In fact, I would go as far as to say that you cannot successfully trade without using technical analysis with reliable Forex software program. So, how do we determine what the best Forex software program is? Let’s take a closer look at the subject:
1. Reliability. If a program is not reliable then nothing else matters. If you are looking for the bet Forex software program then it HAS to be reliable - point blank! How do we find out if a program is reliable? Look at the track record and testimonials. That should tell you all you need to know.
2. Price. There are a share of software programs that actually charge in the thousands. Do not get me wrong, if it provides reliable and winning trade signals then it is well worth it for any serious currency market trader. However, the best programs that i am aware of charge nothing close to that. The main point here is to be wise when making a purchase and do not spend too much money when you do not have to.
3. Money back guarantee. Does the system give a money back guarantee that is truly unconditional. If not then you have to wonder why. I would not trade with a program that did not give a 4 -8 week guarantee. I need to know if it is going to do what it purports to.
I have provided an objective review of the best Forex software programs on the market in the link below.
An Objective Review of the Best Forex Software is the place to visit
Make a Killing Trading Forex! Scalping Forex is the place to visit.
Posted 1 year, 3 months ago at 11:55 am. 0 comments
Property finance can be rather complicated, especially if you don’t understand the basics of home loans. Before signing that contract, you should do adequate research in order to find the best possible mortgage finance available in South Africa.
Buy versus Rent
Although renting a property often seems simpler than buying, the fact remains that at the end of the day you don’t own the property. Renting has the benefit of mobility should your career or lifestyle demand it, but as a lessee, you have minimal rights and most of the time you are at the mercy of an unscrupulous landlord.
In South Africa the property market has seen a lot of changes over the past few years, and indeed the property finance market has undergone many ups and downs in this time too, but there has been consistent growth overall in property values.
Therefore investing in a property rather than just renting it will, in the long-run, make more financial sense.
How a home loan works
A very basic definition of a home loan is that it is a financial loan from an established institution in order for you to purchase a house.
When your home loan or bond has been approved, the balance owed for the purchased house is paid by the lending institution directly to the seller. This holds you liable to pay the home loan provider according to the contract’s installment agreement. The installments may fluctuate according to variable interest rates. What you need to acquire is a loan package that has the best interest plan for you.
The bank will hold onto the deed to your property until the bond has been paid in full. During this period you cannot alienate the house, which means that you cannot change any of the conditions stipulated in your contract including renting out the property or undertaking major alterations without consulting the bank first.
Equity affects your alienable rights over the property. In other words, until the whole the mortgage is paid in full, you cannot be granted full equity, but can only alienate a portion of the property estimated to the value of the equity you have accumulated.
In South Africa, the major banks offer a variety of home loan options. You need to ascertain which one of these will best suit your financial needs by educating yourself about the pros and cons of each of the options available.
The four major types of home loans are:
- Variable interest rate home loans;
- Fixed interest rate home loans;
- Capped interest rate home loans; and
- Reducing interest rate home loans.
Mortgage Evolution
There are also different ways of going about applying for a bond. You can either decide to do all the work yourself, or you could use a mortgage broker or take advantage of the next step in mortgage evolution - an online mortgage originator.
If you decide to apply for your home loan independently, you’ll have to approach each loan institution to which you’d like to apply for different quotations and information. This process can be quite tedious and you’d have to approach several banks so that you can suss out the most suitable option for you.
Another option is to utilise the expertise of a mortgage broker. They’ll apply on your behalf to the banks, and will then be able to give you a list of options and offers. You can then choose the option you feel would be best suited to your needs.
The last option, and definitely the easiest way to apply for property finance is through an online mortgage originator. Mortgage originators are giving the power back to the average investor and it is definitely affecting the way home loans are processed in South Africa.
An online mortgage originator allows you to sit in the comfort of your own home while getting the mortgage process started. The mortgage originator will submit your application to all the home loan institutions in South Africa on your behalf. Apart from applying for home loans on your behalf, a mortgage originator would also be doing the negotiations with the different loan institutions on your behalf, securing you a better interest rate.
All you have to do is fill in application form after which the mortgage originator will start the process and negotiate the best available rates, leaving you to select the most suitable home loan option for you.
Author Bio
PropertyGenie is affiliated with ooba, a provider of home loans and mortgage finance in South Africa, offering you property finance without any complications.
Posted 1 year, 3 months ago at 11:16 am. 0 comments
If you have started your Forex trading training you may initially have a challenge with understanding how orders are placed. I remember when I first started reading about the Forex and practicing in a demo account, it took me a while to understand how stops and limits worked in relation to price.
This article sets out the main rules governing the placement of orders with a free graphic download in the resource box at the end which you can keep on your desktop and refer to at anytime until the rules have ’sunk in’. You will find this lesson extremely important if you are in the early stages of your forex trading training.
Here are the basics:
1. In each currency pair, the first currency is the base currency which you either buy or sell. For example, in the case of EUR/USD, if you believe the euro is going to strengthen against the US dollar you would place a BUY order (go long). If you believe the dollar will strengthen against the euro, you would place a SELL order (go short) for the EUR/USD currency pair.
2. In your dealing station you will notice two prices quoted for each currency pair, a BID price and an ASK price. The difference in the two prices is known as the pip spread the dealer takes from every trade. For the major currency pairs this can be between 3-5 pips.
NOTE: When you place a BUY order you will enter the trade at the ASK price. When you place a SELL order you will enter the trade at the BID price.
3. There are two types of orders you can use to enter a trade:
A market order is an order to buy or sell at the market price the moment you enter the trade by clicking your mouse button.
An entry order is an order to buy or sell when the market price reaches a certain target or level you anticipate from your technical analysis.
Note: Avoid market orders as they seldom give you the best entry point unless you really understand the market. An entry order allows you time to analyze key price levels and set the order to be executed only if price pulls back or reaches that level. This way you enter the trade at an optimum level.
Stops and Limits
Once you have calculated your trade and anticipated how far you think price will go, you need to enter a limit order so the trade will automatically exit at that profit level. In the case of a buy order, your limit will be set above the entry price. In the case of a sell order, your limit will be set below the entry price.
For your protection you then need to set a stop order. If price goes against you your trade will exit at a loss according to the number of pips you have calculated that you can afford to lose taking into account your equity. In the case of a buy order, your stop would be below the entry price. If the case of a sell order, your stop would be above the entry price.
As part of your Forex trading training, it is important to get very familiar with the software you are provided with from your online broker. Practice, practice, practice, making entry orders, and setting the entry price and the stop and limit levels.
It is easy in the early days of Forex trading training to get mixed up with direction. You may wish to place an entry order to sell (go short) and inadvertently put a buy order in instead only to get a shock when you see a minus figure under the pip column steadily growing.
The details explained above are available in a graphic you can keep on your desktop and refer to at any time you are trading. Just go to the link in the resource box below and get a copy.
Then as part of your daily Forex trading training, refer to it each time you place a trade in your demo account until your understanding of the rules of order entry, bid and ask price, stops and limits, come automatically without thinking.
You will be laying a solid foundation for more advanced Forex trading training steps so you can concentrate your mental energies on price and chart analysis rather than being sidetracked by confusion over basic order rules.
The powerful 200 EMA strategy - easy for newer traders:
http://www.vitalstop.com/Forex/Advisor/200EMA-forex-strategy.htm
For a free candle & chart pattern recognition reference tool click here:
http://www.vitalstop.com/Forex/Candle-Chart-Patterns
For the best free economic calendars plus a free pivot point calculator and Fibonacci calculator click here:
http://www.vitalstop.com/Forex/tools.html
Posted 1 year, 3 months ago at 11:21 pm. 0 comments
Remortgages have been around as long as mortgages and go through cycles of popularity in the UK. Before the property downturn in the 1990s the practice of remortgaging was fairly uncommon; in that sluggish market many lenders realized that the only way to increase their business was to tap into their competitors’ existing client base and this is how remortgage popularity increased. It was common then for lenders to include punitive redemption penalties but this practice has decreased and high costs only really apply to premature extraction in the duration of the introductory deal rather than the entire length of the mortgage. This increased flexibility has resulted in a huge increase in remortgages in the UK so that they account for roughly 40% of current mortgages, but the credit crunch is impacting on this market.
Up until the recent credit crunch UK remortgages had been seen as a relatively inexpensive way of releasing limited amounts of the property’s equity for relatively large capital projects such as an extensive redecoration or extension to the property, car purchase or a one-off high cost holiday. As mortgage rates have risen, though, this type of remortgage route has diminished in popularity and really should only pursued if essential.
By far the most common remortgage is when the homeowner seeks to lower the cost of their mortgage when the introductory term has come to an end or when the homeowner seeks to move house. In these circumstances it is likely that the homeowner will remain with their current lender and often the mortgage lender will contact the borrower regarding the remortgage. However, the borrower has no obligation to remain with their current lender and can shop around for better deals.
The UK remortgage market is being impacted by the credit crisis; the days of cheap cash are over and the costs are being passed onto the end consumer. Some borrowers who had mortgages over 100% of the value of their property will now not be able to remortgage to a similar level - very few lenders will now exceed a 95% remortgage level. A corollary to this is that the more you borrow, the greater the costs to do so. For example, lenders can take out Mortgage Indemnity Guarantees (MIG) if they borrow more than a certain amount to insure themselves against possible default.
As a general guide for the borrower, now that the financial situation has downturned remortgage UK should only be an option undertaken out of need rather than luxury as ultimately your home is at risk if you do not keep up with the repayments.
Aaron Hill has a decade of experience in the financial services industry. His main area of expertise is mortgage advice and writes many articles on mortgages for finance industry, mortgage brokers and the general public alike.
Posted 1 year, 3 months ago at 10:37 am. 0 comments
Coming off its 52 week high and its recently reported earnings (August 7, 2006), Cytrogen Corporation may be one of the best buys you can find out there. The company recently posted excellent fundamentals with a 0.32 EPS when the market was expecting -0.30, and increased both its revenue and profit relative to one year ago.
For the most part, a lot of the extra income had come from Cytrogen’s joint venture with PSMA Corporations, but such an activity does not mean that CYTO is not a perfect buying opportunity. While a few investors may argue that the stock was recently near two dollars which exceeded its previous 52 week low, CYTO is continuously growing and still presents itself as a chance for a profitable mid to long term investment.
As a biopharmaceutical company, such a sector usually does well during periods of slow economic growth. As interest rates are at near its maximum, economic growth will become a bit of concern but should ironically help CYTO’s price. Typically, during slow growth inelastic goods and services produced by companies such as in healthcare tend to do well because the decrease in income help consumers allocate more of their assets into these inelastic companies. Such distribution aids in future earnings and revenue growth, and CYTO is no exception to such a trend.
With excellent fundamentals, and optimistic outlook, and price just coming out of its 52 week low, I would look for CYTO to be a real bargain around the 2.30-2.50 mark. Having a 52 week high of near 5.30, a 17.00 one year target, and positive, but relatively not to high P/E ratio this quarter, I would absolutely recommend Cytrogen as a strong buy.
Dennis Biray presents advice on all kinds of topics ranging from finance and investing to fitness to sports. For more information email him at dbiray@gmail.com, or to view other articles written by him visit http://www.biraynetworks.co.nr/.
Posted 1 year, 3 months ago at 7:08 am. 0 comments
I wanted to take the time to talk to you about how to trade forex correctly. There are a lot of people that jump right into this market without the faintest clue to what they’re supposed to do and they lose all their money. You need to develop a few certain skills to help you not lose all your money when you start out. I lost a lot of my money learning how to trade, so I’ll just pass some of those experiences on to you and hope you don’t have to lose money.
- Demo: Take advantage of your demo platform. This is a simulation of actual trading, so there is no need to just jump into the market. You can practice on this, develop some routines and learn how the software properly works, so you can best profit.
- Cut Your Losses: Bad trades are going to happen a lot to you, especially when you start out. You’re going to need to just learn to cut your losses. Some people just have a hard time cutting them, but it is really important that you do. You can’t just continue to hold onto bad trades hoping they’ll just earn back what they lost. All money must be earning a return and if it is not, you cut the trade and put the remaining money in another.
- Forex System: Get your self an automation tool for trading. They just remove a lot of headaches from the process. I’ve been using stealth forex for a while now and it has served me well. It acts as my own personal employee that is always watching the market looking for the next big trade.
Stealth Forex has an instant download, so you can get to work right away. Automated you trading by allowing a computer to do proper analysis without emotion or bias.
Learn more at the Stealth Forex Review.
Posted 1 year, 3 months ago at 6:53 am. 0 comments
Premium financing is a process wherein the permanent life insurance policy premiums are being paid by some of the third parties or third party lenders and it is an excellent marketing idea. In other words it can also be put forward as premium financing is a process which aims to increase your insurance needs by the method of financing the insurance. Thus premium financing enables individuals, business firms and the large companies to purchase the insurance without having to sell or lock up the various assets.
The working of the premium financing works in the following way consider for example you are owning an insurance policy worth X amount of dollars and you can use the value of your insurance policy as a mode of collateral security which will enable you to finance other insurance policies. Thus in this way premium financing allows you with a wide range of insurance options open to you. There is no doubt that premium financing is very much cost effective. It is a very favorable financing option as you can secure a huge loan amount against the life insurance policy. It is quite important to understand that you are going to get a much better option or in other words you will get much better rate of interest and the term of loan for the secured and the unsecured financing.
However it is important that before getting a premium financing option you need to have a look at your financial needs and get proper advice before you go on with a financing option. There is this one question which many people have as to will it be required for them to purchase a new insurance policy or can they get the service of premium financing on their existing insurance policies. Well the answer to this simple question would be that at the time the practice of premium financing came into existence it was a requirement that you will have to purchase new insurance policies, but now this is not the case as you can get this option of premium financing on your existing insurance policy and there is no requirement for you to take the strain of going for a new insurance policy. This will again provide you with a very much better option that would not ask for your valuable possessions to be given as collateral security.
Some other people who really take the benefit of premium financing are the wealthy investors or the business owners. It is an extremely good option for the companies that do not want to tie up their assets to purchase the large amount of insurance policies. It is also a technique which is offered for the employees to be offered as a part of their wages. It allows the firms to attract new employees and help them retain their valuable employees. Premium financing is also used as a technique for estate planning, company expansion, attracting new employees and retaining their valuable employees.
Cathrine is a SEO Copywriter of Premium Financing. She has written many articles on Premium finance service, Life Settlement Broker, Life insurance settlements, …etc. For more information visit: Premium Finance or email us at lumlaatseg@live.com
Posted 1 year, 3 months ago at 5:01 pm. 0 comments
In this world where our needs change and rapidly expand every day, guaranteed online personal loans can prove to be just the answer for most people - stay-at-home mothers who suddenly come face to face with a domestic emergency (most probably involving medical care for their children) with no income to pay the expenses, college students who run out of their allowance days or weeks before the next one comes in, lessees who desperately need to make deposits before the bank raises the mortgage, and regular employees who have spent their earnings and are now broke until the next paycheck.
Guaranteed online personal loans are also called as payday loans or bad credit loans. This type of loan permits you to get money, in the form of cash, without the need to support or establish your income stream capability at the onset of the application process. This type of loan generally works to the advantage of borrowers.
Although proof of a steady income is not normally required during application, it helps to have a good credit reputation; some companies require good credit rating to be able to qualify for a loan. Common requirements also include age (you must at least be 18 years old), residency (you must be a resident of the United States), and working checking accounts (you must have one because lenders usually prefer to be paid through direct deposits). But, even with a good credit rating, you might still be turned down for this type of loan. This happens when the lender receives a large number of applications and is forced to accommodate only some.
However, as with all other schemes that seem too good to be true, guaranteed online personal loans also have their disadvantages. These disadvantages can be made known to interested borrowers through careful attention and study of the payment plans of the company from which they wish to borrow cash. There are risks involved in this kind of financial policy, and to get the most out of the easy benefits, you should prepare for strategies that will enable you to avoid debt and, consequently, bad credit reputation.
There are also ways with which you can find out whether the company you wish to borrow cash from is trustworthy and runs a legitimate online loaning business. For one, you can read the comments posted in the feedback section of its homepage. Online sellers, from those who deal with clothes and other common items to those who offer complex services such as loans, often post a feedback section to convince their viewers of their credibility.
You can also get help from consumer review services. Visit your Attorney General’s office, your state’s BBB, or banks and other high-profile lenders, and ask if there have been complaints regarding your chosen company. You can also perform triangulation, which is basically cross-referencing all the references you have gathered in order to form an estimate of the company. This process permits you to get the consensus of the industry even if you remain to be an outsider. All this will help you reach an informed decision.
You can find out more about Guaranteed Online Personal Loans as well as much more information on all types of personal loans at http://www.PersonalLoansA-Z.com
Posted 1 year, 3 months ago at 9:42 am. 0 comments
Newcomers to trading the foreign exchange currency markets do well to accept the observation of experienced seasoned traders that the idea of a perfect Forex trading tool is an illusion.
While no perfect Forex trading tool exists, using a combination of tools to identify a converging of favorable market factors can yield a majority of high probability trades over a period of time.
Trendlines certainly deserve close consideration and many successful traders add them to their collection of Forex trading tools.
It should be stated at the outset that trendlines by themselves do not provide a strong enough signal to warrant making a trade. They are a useful addition and provide confirmation of signals from other tools. (See resource box for a visual example of using a trendline as a trade entry point)
The Three Trendline Strategy
Consider these three main types of trendlines you need to know and use if you are going to make any sense of trendlines.
Trendlines are lines drawn across significant lows in an uptrend, and significant highs in a downtrend. The more candles to the left and right of the lowest candle in an uptrend or the highest candle in a downtrend make the low or high point more significant.
1. Short Term Trendlines
Draw these lines across the most recent two lows (for an uptrend) or highs (for a downtrend). These are best observed on a smaller time frame such as a 15 minute or 30 minute chart.
2. Medium Term Trendlines
These are best observed on a higher time frame such as a 60 minute chart. Again connect the nearest significant low to current price action to the previous significant low in an uptrend or the nearest significant high to current price action to the previous significant high in a downtrend.
3. Long Term Trendlines
Use higher time frames such as the 4 hour chart or the daily chart to draw long term trendlines using the same method described for Medium Term Trendlines.
The long term trendline can be a powerful Forex trading tool. Keep in mind that the daily chart is used prominently by traders of big institutions. Such traders probably do not engage in small moves on an intra day level. They are more concerned about taking a position on a currency pair.
The daily chart is consulted by them when making decisions. So by drawing a trendline on a daily chart you can present to yourself graphically just where price is and where it is likely to either possibly bounce and retrace or continue with the current momentum.
Using Trendlines As An Effective Forex Trading Tool
Trendlines on the short time frame merely give you a defined picture of current price action. These trendlines are broken often during the course of a day. It is probably not a good idea to enter trades based on trendline breaks from a small time frame chart. Their main use is to give you a clear, instantly recognizable graphical representation of current price behavior.
However, here is where trendlines can prove to be a useful Forex trading tool:
If you notice price coming back to test a trendline on the higher time frames, (anything over 30 minutes), look at other factors. For example:
- Draw in horizontal lines to mark key support and resistance using previous highs and lows.
- Draw Fibonacci retracement and extension levels.
- Calculate the daily pivot points and put them on your chart.
- Have the 200 EMA (Exponential Moving Average) shown on your charts.
Now, if price were to bounce or touch the trendline on the medium to higher time frames, that is, on the 60 minute, 4 hour, or even daily charts, does that price point also coincide with or match up with one of the other indicators mentioned above?
If for example the trendline intersects with a pivot point which is also a Fibonacci 50% or 62% retracement, or 127% or 162% extension, then you have a convergence of factors. If you entered a trade at that point there is a high probability you will catch at least 10 to 20 pips on the first move on the bounce.
Looking for such opportunities takes patience. They don’t come up so often but when they do you can be ALMOST guaranteed a successful trade if you keep your first profit target to a reasonable level.
If trading multiple lots, then be sure to take your first profit at the 10 to 20 pip level and let one or two other lots run if price continues in the direction you anticipate. At the same time of course you would move up your stop to break even point after taking first profit so your trade can now run without risk.
Employ trendlines as a Forex trading tool with caution and discretion. Covering your charts with every trendline possible will only result in confusion and blurry analysis.
One or two trendlines at key or significant swing points, (price highs and lows) can give you a defined, clear picture of price action, which, when coupled with your other Forex trading tools, can result in profitable trades.
See how to use trendlines to get an optimum trade entry point:
http://www.vitalstop.com/Forex/trendline.html
How do you trade the non-farm payroll report? Read this:
http://www.vitalstop.com/Forex/Advisor/forex-strategy-non-farm-payroll.htm
For the best free economic calendars plus a free pivot point calculator and Fibonacci calculator click here:
http://www.vitalstop.com/Forex/tools.html
Posted 1 year, 3 months ago at 8:58 pm. 0 comments
For the past five years my sole source of income has been profits made from trading on the forex market. Over that time period, many people, perhaps somewhat envious of my ability to earn money from home without having to report to a boss, have asked me what it takes to trade for a living. How can one arrive at a point where one feels confident enough to leave ones regular employment, strike off on ones own with no guarantee of a regular paycheck, and put what might conceivably be ones entire savings up to that point at risk in the markets?
While I unfortunately cant actually give you confidence in your ability to make it on your own, nor the stomach to risk your hard earned savings, I can tell you the practical steps that I took to get where I am today. These steps do not include the obvious ¨learn of the existence of the forex market¨, as presumably you already know something about forex trading, or you wouldnt be reading this article.
Furthermore, while these steps have been applicable to trading the forex market in my case, one could easily apply the same principles to becoming a professional trader in the equities markets, derivative markets, etc.
Step 1) Start saving your money.
To trade professionally you need a bankroll, and one that is large enough to withstand the ups and downs that are a natural part of trading. For me, this was easy. I had been putting money aside ever since I started working. Those like me that have been raised to understand and appreciate the value of saving, will accomplish this quite naturally. However, if you are a habitual spender and are accustomed to living paycheck to paycheck without putting anything extra aside, be prepared to expend some serious effort curbing your habits and learning to save instead of spend. How much money will you need? Unfortunately I cant answer that specifically because it will depend on the trading strategy that you use, the amount of leverage you plan on trading with, and the amount of money that you need to take out in profits. You should count on having a bare minimum though, of a full six months salary saved up before beginning full time trading. One years salary would be still better. Keep in mind that the larger your bankroll, the more money you can earn without risking an unnecessarily large percentage of your bankroll.
Step 2) Get an education.
You cant start trading before you know something about the market you are trading in. This education does not have to be formal (as in University classes), and you do not have to understand economic forces as well as Alan Greenspan prior to getting started. You should, however, have a basic understanding of why the market that you are trading in exists, how buying and selling on that market works, and the strategy that you are going to employ to take your profits out of the market. There are a lot of totally free resources on the internet that are worth your time to read (and there are a lot of opinions and ideas that are NOT worth your time, but reading some of those that are not worthwhile is part of the process of developing
discernment about what is and is not a good resource).
There are also some inexpensive trading courses on the internet that are useful. Part of the education process is coming up with a trading strategy that you are comfortable with, as well as a money management strategy to ensure the long term viability of the trading strategy. There are many good trading strategies out there, but regardless of which one you choose, you must understand that the traders that are successful cut their losses early and let their winning trades run. This can be somewhat more difficult than it sounds, but is really the key to making money trading.
Step 3) Sign up for a demo trading account and start practicing while you are not at your regular job (or, if you have free time and internet access at your job, WHILE you are at your regular job).
We list some good forex brokers at forex-rates, so if you are planning to trade currencies, be sure and sign up for a demo account with one of the listed brokers. In order to get a real feel for the trading strategy that you have chosen, you will have to do a lot of practice, so take your time with this step. Dont start trading with real money until you have an actual
history of successful demo trading
Step 4) If you are making money trading on paper and are comfortable with your trading strategy, go ahead and get started trading for real on a part time basis. Don’t include all of your savings as part of your trading bankroll yet. Start slowly and gain a comfort level. As your confidence builds, move money from your savings to increase the size of your bankroll.
Step 5) When you can estimate that your average gains from real trading (from step 4) are at a level where, if you were to trade full time using your current bankroll, you would be making profits that slightly exceed your current employment salary, you are ready to quit your job and trade full time. Remember, you want your trading profits to exceed your present salary. This will give you the opportunity to maintain your current financial level, but at the same time continue to increase your trading bankroll, which will enable you to earn more and more money as the size of your available funds grows larger.
It is important to have patience with yourself at each of the steps mentioned. Maintain emotional equanimity and understand that fear and greed are a traders most dangerous nemesis. If you can keep these emotions under control and maintain the discipline established while following these steps, you can look forward to making it as a professional trader.
Samuel Garcia is a full time forex trader based in San Jose, Costa Rica. He considers that being a successful trader is 90% due to proper money management and emotional discipline, rather than the trading strategy employed. Visit http://www.forex-rates.biz