The technology to enter into cross border foreign exchange transactions over the Internet is now readily accessible and in widespread use. Traders can benefit from this technology by increasing the effective size of their markets, while consumers have the benefit of access to a highly competitive global market. But is the legal framework in which cross border e-Forex trading exists a source of concern? All the signals indicate that it is lagging behind the technological developments.
Take the well known quote of Attorney-General of the State of Minnesota, Hubert Humphrey III:
"Persons outside of Minnesota who transmit information via the Internet knowing that the information will be disseminated in Minnesota are subject to the jurisdiction of Minnesota courts for violations of state, criminal and civil laws."
There is a man who will not easily be persuaded that a person trading from the UK with a Minnesota person has only English law to worry about. Nearer to home, although the implementation of the EU Investment Services Directive has always been heralded as a major step in the creation of a single market for financial services in within the EU, it is widely recognised that there are still considerable regulatory and legal barriers to genuinely straightforward cross border contracting in this area. The above examples highlight that the law, unlike technology, has not developed as quickly as it could have to assist cross border foreign exchange trading. Some key legal issues for a foreign exchange business contemplating contracting with customers in another country can be classed
under the following headings:
Are there regulatory hurdles to contracting with persons in that jurisdiction?
Will our standard form contracts be fully effective with persons in that jurisdiction?
May we end up being sued, or having to sue, in a foreign jurisdiction if it all goes wrong?
Regulatory hurdles to contracting
In many jurisdictions, certain types of foreign exchange business are classified as a form of financial services which can only be carried on in that jurisdiction by an appropriately authorised person. An example of this is trades entered into for speculative purposes with no intended delivery of the currency amounts - known as "contracts for differences" in the UK. Also, by conducting foreign currency trades in particular jurisdictions, a foreign exchange trader may be required to establish procedures to prevent money laundering in that jurisdiction (such as customer identification, record keeping procedures and internal reporting procedures). Provisions of this kind in local laws can mean that across-border trade involves a criminal offence by the trader if it can be said that by making such a trade, the trader is carrying on business in the jurisdiction concerned. Additionally, "illegal" cross-border trades may be unenforceable by the trader, and the trader's own regulator may take a dim view of his breaching overseas laws. But is a foreign exchange trader actually doing business in a particular jurisdiction (and so required to be authorised and comply with money laundering regulations in that jurisdiction) just because he or she makes contracts with people who are resident there? Sadly, the answer to this is often not at all clear. For example, neither the UK's Financial Services Act nor the UK Money Laundering Regulations make any attempt to define exactly what is, and what is not, carrying on business in the UK for their purposes. Even the UK's recently enacted UK Financial Services and Markets Act 2000 only provides factors to be taken into account rather than comprehensive guidance on the issue. So, whether or not someone is conducting business in the UK for the purpose of being caught by UK regulation is a matter to be determined on the facts of each case. Traditional tests for where a business is being carried on have looked for a person s physical presence in the relevant jurisdiction. In an Internet world this criterion becomes less relevant. For instance, it is perfectly possible to carry on a lively Internet gambling business in the UK without ever setting foot here. In the future, the determination of where a business is being carried on will undoubtedly focus less on factors such as the physical location of relevant offices and more on a holistic approach, looking at such factors as whether there is an active solicitation of customers in a particular jurisdiction.Worse still, a foreign exchange trader may commit an offence in a particular jurisdiction even before contracting with persons resident there if the advertising of regulated services is restricted in that jurisdiction to authorised persons. There is considerable legal authority for the view that advertisements on a web site are issued in any country from which that web site can be accessed. In order to avoid problems under this heading, it will often be desirable to impose geographic restrictions on access to sites and to police those restrictions positively by ensuring that contracts are not entered into with persons who may have circumvented them. In some jurisdictions a contract entered into as a result of an unlawful advertisement maybe rendered unenforceable by that illegality.
Will a trader's standard form contract be effective with persons in foreign jurisdictions?
It is clearly very important for cross-border dealings that a foreign exchange contract contains an express choice of the governing law of the contract as the local law of the trader. An express choice of law will minimise the risk that another law will govern the trade. However, even such an express choice of law will not always protect a foreign exchange trader from laws of other jurisdictions. There are two reasons for this. First, some jurisdictions have certain "mandatory" laws the effect of which cannot be avoided when contracting with persons in the jurisdiction simply by choosing another governing law. For example, some jurisdictions have mandatory laws which, render certain provisions of contracts unenforceable if they are "unfair" or unduly onerous. Secondly, an express choice of the trader's home law may not save a contract if the relevant type of foreign exchange contract is unlawful in the jurisdiction concerned. For example, some types of foreign exchange contract may be seen in some jurisdictions as a form of "gaming" and this may render them either illegal (with potential criminal sanctions) or at least unenforceable. Once again, this can be a particular problem for foreign exchange contracts which are "contracts for differences", since some jurisdictions may interpret these as a bet on future currency movements.
May we end up being sued, or having to sue in a foreign jurisdiction if it all goes wrong?
A foreign exchange trader dealing only domestically will know that any disputes will be resolved by a legal system with which he is familiar. Ideally the trader will want to replicate this position when dealing cross-border. The first step in this process is ensuring that any cross-border contract contain a submission by the counter party to the jurisdiction of the trader's home courts and an agreement that any action against the trader will be brought in those courts. In commercial situations, such a submission and forum agreement will normally be respected so that a UK trader will, for example, be able to sue a US counter party in London. One key exception to this principal is that when dealing with "consumers" in certain situations, a submission by them to the courts of an overseas jurisdiction will be ineffective and they can only be sued in their home courts. Even for corporate counterparties, there can be complications. For example, although a trader's US counterparty may agree to actions being brought against it in the UK courts, if the counterparty has no assets in the UK, then there will be nothing against which a UK judgment can be immediately enforced. In these circumstances, the UK trader will probably have to take action in the US courts requesting their assistance in the enforcement of the UK judgment. At best this can mean the cost of two sets of proceedings. For this reasons, a trader may decide that it is actually better to forego its right to sue in its home courts and bring any actions in the courts of its counterparty's jurisdiction. All of that said, where the trader's and its counterparty's jurisdiction are both party to the Brussels Convention (as all countries in the EU are), this provides some relief against the problem identified above. For these countries, a judgement obtained in one country will be directly enforceable in the other, provided that the judgment does not contravene public policy considerations in the second jurisdiction. However, that last proviso can be important in relation to a jurisdiction where the form of foreign exchange trading on which judgment has been obtained is unlawful.
Conclusion
As the above demonstrates, dealing with counterparties in an overseas jurisdiction is not without its problems and the best advice that can be given is to limit dealings(particularly in relation to certain types of products) to counterparties in jurisdictions where appropriate due diligence has been carried out on the legal considerations. However, with appropriate due diligence and care, cross-border trading in most jurisdictions does not present any insurmountable barriers and may prove very profitable.
Friday, April 27, 2007
Every day, US$1.5 trillion dollars float through the hands of people who aren’t any smarter than you are. It doesn’t make any difference if you’re an accountant, baker, butcher, retired sea captain, homemaker, airline pilot, surgeon - or cop on the beat. If you’re willing to take some direction, you deserve a nice piece of the action. You will learn the currency trading strategies and techniques to go out and claim what is rightfully yours. Play right along with the giants of world commerce. You won’t be on the outside looking in; you’ll be enjoying the thrill of a lifetime, riding on their king-size coattails.
Peter Bain's Forex Trading course is like no other trading systems you have seen before. It is based of years of hands-on trading experience, research and refinement. It has been proven highly effect to take money from the Forex currency trading market everyday.
Would you like to rack up consistent profits in the Forex market? We'll show you how. You'll learn, through our Forex trading course, to find the trading opportunities that other traders are missing and trade them like a pro. Every day we get emails from our clients thanking us for helping them finally make money trading. We develop our trading systems designed to deal with the market of the moment.
Peter Bain's Forex Trading system is based on support and resistant levels using Pivot points. When the price action is confirmed by trend lines and MACD Divergence, the Pivot lines signals entry and exit points. This system is easy to learn and execute and yield extemely successful trading results when applied properly. Our Forex trading course is designed to teach this system to you. We will drill the techniques into you until it becomes second nature.
Peter Bain's Forex Trading course is like no other trading systems you have seen before. It is based of years of hands-on trading experience, research and refinement. It has been proven highly effect to take money from the Forex currency trading market everyday.
Would you like to rack up consistent profits in the Forex market? We'll show you how. You'll learn, through our Forex trading course, to find the trading opportunities that other traders are missing and trade them like a pro. Every day we get emails from our clients thanking us for helping them finally make money trading. We develop our trading systems designed to deal with the market of the moment.
Peter Bain's Forex Trading system is based on support and resistant levels using Pivot points. When the price action is confirmed by trend lines and MACD Divergence, the Pivot lines signals entry and exit points. This system is easy to learn and execute and yield extemely successful trading results when applied properly. Our Forex trading course is designed to teach this system to you. We will drill the techniques into you until it becomes second nature.
Japanese carmaker Nissan has called off talks with Maruti Udyog Ltd to set up a plant in the country for manufacturing 200,000 cars a year. Instead, it will join the alliance between Mumbai-based Mahindra and Mahindra and France’s Renault SA, which owns 44 per cent of Nissan’s equity. However, Nissan remains committed to the deal signed with Maruti, under which India’s largest carmaker, 54 per cent owned by Japan’s Suzuki Motor, will make 50,000 cars for Nissan for exports.
European economic and monetary union is often cited as the single most important event for the current generation of foreign exchange dealers. In fact a number of major developments are occurring simultaneously - some unconnected with Emu - each of which will have a profound impact on the forex market.
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Forex training
An overview of suggested Forex training for the experienced and novice Forex investor
An overview of our suggestions and approach towards making you, our valued customer, far-better informed and prepared for trading.
Getting a background in the Forex Market is very important so you can understand how the system works. In fact, Forex education is as important for experienced day traders as it is for beginner Forex traders. The foreign currency exchange is a massive market, and the key to success in this market is your knowledge. Forex training brings the knowledge of professionals into your personal trading maneuvers. You can learn how to understand where the Forex market is going and what controls that direction in order to make wise investing decisions. As you trade, your Forex training can truly help you become the master of your money.
To place your investment in the right currencies at the right times in a large, nonstop and worldwide trading field, there is a lot to know. Forex markets move quickly and take new directions all the time. Forex training helps you know where to enter a currency based on the direction it is taking and how to forecast that direction.
Easy-Forex training
Easy-Forex offers the best form of Forex training - a hands-on experience. For as little as USD 25 at risk per trade, start trading while learning in real-time. Easy-Forex strongly recommends starting low, and depositing an amount to cover a series of trades. Learn the basics of the foreign exchange market, trading terminology, advanced technical analysis, and how to develop successful trading strategies. Learn how the Forex market offers more opportunity for fast financial gains than almost any other market.
Clearly, in this market, it is better to be more professional and better trained. Schools, books, online seminars and the Easy-Forex guided tour, as well as the company's demo and this section of our website, are tools for the successful trader.
Training, no downloads
Use the resources on our site in your daily practice to learn how to better predict Forex market movements.
Easy-Forex is dedicated to educating our customers. Customers are trained for free. And no downloads. The training goal is to teach people specific strategies for trading currencies over the Internet. Both novice investors and expert day traders alike have benefited from our training.
Easy-Forex believes: Proper training is essential to achieve trading success. Without the proper preparation and expertise, a trader's chances of succeeding are reduced. Our free Forex training was created to teach our clients a strategy to day trade currencies. Traders that use a strategy or system to trade tremendously increase their probability of success as Forex traders. Easy-Forex offers the following Forex Training resources:
This knowledge base that you are currently browsing
Guided Tour on the Web site
Information on the Web site
Technical analysis
Fundamental analysis
Access to charts, news and research once you register with our system
Last but foremost, we provide you with the knowledge and tools, and allow you to start trading Forex for as little as USD 25. This is your best actual training, and we recommend you view it as such and "play small" while you learn the market.
Easy-Forex not only advises you to start with a small amount of money, but also makes this first step easy. - We advise you to read the Terms and Conditions - Be careful, be cautious- Read the Disclaimers and Conditions- It's a risky business!
It should not take more that a few trades to understand the Easy-Forex Trading Platform. Ideally a new user will initially make some smaller trades to become familiar with the market and the platform. Then look to make some larger trades. Learn at your own pace
Learn at your own pace and learn from the experiences of others who can provide insight, analyses, and information, and can help you steer clear of the pitfalls and traps awaiting new participants.
Now is the time to expand your trading knowledge! Currency markets differ from other trading markets due to time zone liquidity, specific currency-related issues, central bank activity, real and nominal interest rate differentials, and more. NOW is the time to learn and understand these factors as you enter the Forex market.Let's learn Forex trading
Evaluate currency trades
Develop a market view
Use trend analysis indicators
Read and understand Forex charts
Pinpoint advanced support and resistance levels
Assess trading signals
Identify market tops and bottoms
Set price objectives for winning trades
Stop losses Hands-on Forex training
For all Forex traders, our hands-on trading means immediate access to proven trading techniques that are immediately put to use to increase profits. Whether you are a short-term, breakout, range or position trader, learn trading techniques to maximize your ability to identify low-risk/high probability trades. Our training is appropriate for a wide range of Forex traders, ranging from individuals just starting in the spot currency market to experienced professionals.
Like anything in life, you don't really get it until you jump in the water. Use the Easy-Forex Trading Margins for as little as USD 25 at risk per trade to get started. Then take the Guided Tour through the training material while you're entering and watching your first trades - because there's nothing quite like trading while you learn. This is practical, visual, hands-on training. Plus, this allows the novice to develop an understanding of basic trading techniques, risk control, and finally, opening and managing a live trading account.
Whether you are an investor who wants to learn day trading for the first time, or a day trader with stock market or futures trading experience who wants to give Forex trading a try, take the first steps here. Go through the basics of the Forex market, experience real time training with real time trading, take the Guided Tour and then trade. Our training gives new and experienced traders alike all the necessary tools to start buying and selling currencies in the foreign exchange market.Easy-Forex offers:
24-hr commission-free trading in 14+ currency pairs.
Web-based trading platform requires no download or installation.
Guaranteed fills on stops and limits up to USD 2,000,000.
Free access to charting, news, and research.
24-hour customer support via phone and web site
Deposits accepted in multiple currencies.
Credit card deposit facilities.
Straightforward withdrawal procedures.
Don't attempt to trade until you are receive the education and training to become a successful trader. There are substantial earnings to be made in the foreign currency market, but trading in Forex is for the well informed.
Easy-Forex offers you a first-rate Forex trading platform and an unmatched degree of service.Real-time dealers available 24/7
Finally, trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. However, if you are ever in doubt about any aspects of a trade, you can always discuss the matter in-depth with one of our dealers. They are available 24 hours a day.
An overview of suggested Forex training for the experienced and novice Forex investor
An overview of our suggestions and approach towards making you, our valued customer, far-better informed and prepared for trading.
Getting a background in the Forex Market is very important so you can understand how the system works. In fact, Forex education is as important for experienced day traders as it is for beginner Forex traders. The foreign currency exchange is a massive market, and the key to success in this market is your knowledge. Forex training brings the knowledge of professionals into your personal trading maneuvers. You can learn how to understand where the Forex market is going and what controls that direction in order to make wise investing decisions. As you trade, your Forex training can truly help you become the master of your money.
To place your investment in the right currencies at the right times in a large, nonstop and worldwide trading field, there is a lot to know. Forex markets move quickly and take new directions all the time. Forex training helps you know where to enter a currency based on the direction it is taking and how to forecast that direction.
Easy-Forex training
Easy-Forex offers the best form of Forex training - a hands-on experience. For as little as USD 25 at risk per trade, start trading while learning in real-time. Easy-Forex strongly recommends starting low, and depositing an amount to cover a series of trades. Learn the basics of the foreign exchange market, trading terminology, advanced technical analysis, and how to develop successful trading strategies. Learn how the Forex market offers more opportunity for fast financial gains than almost any other market.
Clearly, in this market, it is better to be more professional and better trained. Schools, books, online seminars and the Easy-Forex guided tour, as well as the company's demo and this section of our website, are tools for the successful trader.
Training, no downloads
Use the resources on our site in your daily practice to learn how to better predict Forex market movements.
Easy-Forex is dedicated to educating our customers. Customers are trained for free. And no downloads. The training goal is to teach people specific strategies for trading currencies over the Internet. Both novice investors and expert day traders alike have benefited from our training.
Easy-Forex believes: Proper training is essential to achieve trading success. Without the proper preparation and expertise, a trader's chances of succeeding are reduced. Our free Forex training was created to teach our clients a strategy to day trade currencies. Traders that use a strategy or system to trade tremendously increase their probability of success as Forex traders. Easy-Forex offers the following Forex Training resources:
This knowledge base that you are currently browsing
Guided Tour on the Web site
Information on the Web site
Technical analysis
Fundamental analysis
Access to charts, news and research once you register with our system
Last but foremost, we provide you with the knowledge and tools, and allow you to start trading Forex for as little as USD 25. This is your best actual training, and we recommend you view it as such and "play small" while you learn the market.
Easy-Forex not only advises you to start with a small amount of money, but also makes this first step easy. - We advise you to read the Terms and Conditions - Be careful, be cautious- Read the Disclaimers and Conditions- It's a risky business!
It should not take more that a few trades to understand the Easy-Forex Trading Platform. Ideally a new user will initially make some smaller trades to become familiar with the market and the platform. Then look to make some larger trades. Learn at your own pace
Learn at your own pace and learn from the experiences of others who can provide insight, analyses, and information, and can help you steer clear of the pitfalls and traps awaiting new participants.
Now is the time to expand your trading knowledge! Currency markets differ from other trading markets due to time zone liquidity, specific currency-related issues, central bank activity, real and nominal interest rate differentials, and more. NOW is the time to learn and understand these factors as you enter the Forex market.Let's learn Forex trading
Evaluate currency trades
Develop a market view
Use trend analysis indicators
Read and understand Forex charts
Pinpoint advanced support and resistance levels
Assess trading signals
Identify market tops and bottoms
Set price objectives for winning trades
Stop losses Hands-on Forex training
For all Forex traders, our hands-on trading means immediate access to proven trading techniques that are immediately put to use to increase profits. Whether you are a short-term, breakout, range or position trader, learn trading techniques to maximize your ability to identify low-risk/high probability trades. Our training is appropriate for a wide range of Forex traders, ranging from individuals just starting in the spot currency market to experienced professionals.
Like anything in life, you don't really get it until you jump in the water. Use the Easy-Forex Trading Margins for as little as USD 25 at risk per trade to get started. Then take the Guided Tour through the training material while you're entering and watching your first trades - because there's nothing quite like trading while you learn. This is practical, visual, hands-on training. Plus, this allows the novice to develop an understanding of basic trading techniques, risk control, and finally, opening and managing a live trading account.
Whether you are an investor who wants to learn day trading for the first time, or a day trader with stock market or futures trading experience who wants to give Forex trading a try, take the first steps here. Go through the basics of the Forex market, experience real time training with real time trading, take the Guided Tour and then trade. Our training gives new and experienced traders alike all the necessary tools to start buying and selling currencies in the foreign exchange market.Easy-Forex offers:
24-hr commission-free trading in 14+ currency pairs.
Web-based trading platform requires no download or installation.
Guaranteed fills on stops and limits up to USD 2,000,000.
Free access to charting, news, and research.
24-hour customer support via phone and web site
Deposits accepted in multiple currencies.
Credit card deposit facilities.
Straightforward withdrawal procedures.
Don't attempt to trade until you are receive the education and training to become a successful trader. There are substantial earnings to be made in the foreign currency market, but trading in Forex is for the well informed.
Easy-Forex offers you a first-rate Forex trading platform and an unmatched degree of service.Real-time dealers available 24/7
Finally, trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. However, if you are ever in doubt about any aspects of a trade, you can always discuss the matter in-depth with one of our dealers. They are available 24 hours a day.
Dear Forex Trader, Have you lost money trading forex? Have you worked so hard without success with your trades? Have you lost confidence and interest in forex trading because you kept losing? You're not alone. But cheer up, The Savior Strategy is here.
Why You Need A Trading Strategy Right Now... Let me begin with my little trading experience. My name is Josephine M.. I graduated from a community college with an associate degree in accounting. Soon after graduation I did bookkeeping for a mid-size merchandise wholesaler for about three years before I quit to be a 100% housewife. So beside some basic accounting training, I knew absolutely nothing about financial markets, especially forex trading. As I got bored staying at home all day, I started to trade forex with a deposit of $1,000 in my mini account, just for fun. At first I traded purely by intuition and managed to reached $1,980 in only two weeks. That pleased me a lot because I figured if that went on, I would be able to buy my dream house in no time! But as you may have guessed, my account balance dropped down to $200 only in a week, after a series of losing trades. Being a little depressed, I kept thinking about it. Forex trading was such an exciting game that fitted my life so well, but only if I won... ah, exactly, did I say "game"? Yes, it was more like gambling than any trading at all, because I had absolutely no idea how the market moved... Naturally, the first step I took was to buy a bunch of books about forex, hoping to find some wisdom in there. I read a few simple books, they were useless! None of them teach me how to trade forex! Then I tried looking at a few sophisticated ones... They got too technical! I told myself "Ghosh, do I need a college degree in finance to trade forex?" That doesn't make sense, because if it's true, then why wouldn't those "finance gurus" trade themselves to financial freedom? Why do they still have to work for somebody else for a fixed salary? FORGET ABOUT THE BOOKS! So after some research, I decided to subscribe to a forex signal service. To make it short, I lost another $1,000 of new deposit. Then I tried another signal service with another $3,000 of new deposit, believing that more fund would give me more time to recover my losses. Two weeks later, my account balance again dropped down to $280, out of total $5,000! Needless to say, I got so depressed that I decided not only to say "good bye forever" to this crazy game, but also not to think about it. I didn't even care to withdraw that remaining $280 from my mini account. Then about two months later, I happened to talk with a very good friend of mine, a great mentor in many aspects including financial matters. He (whom I would like to call the Master from here, just for fun, please excuse my choice of words) pointed out why I lost miserably and also gave me some invaluable advice. "Enlightened by the Master's teaching," I was able to do some research in that direction and compose this strategy to make my dream come true. I got back to my mini account and started using my new strategy. And like a magic, I managed to get a net gain of about $5,600 in just one and a half months (using only that remaining balance of $280). Needless to say, I was so happy that I kept smiling for a week! Well, as you may have figured, I made my first withdrawal of $10,000 when my account balance reached $60,000 and always keep $50,000 for trading. A happy-ending story: I bought my dream home and my dream car with my easily-earned money, and that was about two years ago... So what is this strategy all about? Read on... I'm sure you'll love it!
Forget About The Books, Beat The Forex Market With Only Your Common Sense! To get back on your feet and roll forward in forex trading, you need a strategy that meets the following 3 rules:
is simple, no technical knowledge is needed in order to succeed.
is written in plain English using mostly common sense and analogies to communicate the ideas, so that anyone who can read English will understand.
requires only 10 minutes or less a day to prepare for the daily trades, yet returns the most rewarding results.
Those Are The Exact 3 Elements OfThe Savior Strategy To Forex Trading This strategy will clear up the cloudy forex atmosphere above your head and open a new horizon of opportunities in this exciting business. Here are some of the secrets you will discover from this little wisdom:
Factors that make most forex traders lose their money.
Simple rules of thumb that you have to obey in order to succeed in trading forex.
The steps you have to follow every time to enter your daily trades.
The psychological effects and how to use them to your advantage, instead of letting them destroy your life.
A business principle: why a CEO (Chief Executive Officer) makes a lot more money than his accountant, and how you should (and can) be that CEO in forex trading business.
The Best Strategy Is The Simplest One That Works That's what this strategy is all about: simple, but works! If you were to look for something complicated, this strategy wouldn't be for you, and I would suggest you go back to school and get a degree in finance. But it's not the case here. After learning from this strategy, you'll find out that trading is not like engineering. It shouldn't be too technical. As the matter of fact, trading has nothing to do with technicality. But I shouldn't reveal any secrets here. It's for you to find out! Does it work? Well, this strategy has brought me not only my dream home, my dream car and a comfortable life, but it has also given me a great confidence and an endless pride in myself. So does it work? I have nothing better to say!
I could make it, so can you! If you still wonder "it sounds too easy to be true," then you're right. It's not too easy. There's a requirement: that you have to learn to make your own trading decisions. In other words, nobody will make those decisions for you. If you think it's hard, then answer yourself the following questions: Am I the type of people who can make basic decisions for themselves? For example:
deciding which clothes to wear everyday?
deciding what food to eat every meal?
deciding what to buy every time I go shopping?
deciding what kind of car to buy and how much I can afford to pay?
deciding who to be my boyfriend/girlfriend, or whom to marry? If you answer YES to any of the above questions, then there's no reason why you can't make your own trading decisions using this strategy. If you believe for 100% sure that you can't make any decision in your life, then sorry, this strategy is pretty much useless to you.
Finally, a way to financial freedom... What does financial freedom mean to you? No need imagine what money can bring you, a nice home, a luxury lifestyle, or simply self-esteem and pride, the possibility is endless. It is a paradise that everyone can see, but only a handful can get there (or know how to get there). This strategy is a bridge that connects yourself to that paradise. All you have to do is to walk on that bridge to the paradise of financial freedom! YES, it's that easy!
Why You Need A Trading Strategy Right Now... Let me begin with my little trading experience. My name is Josephine M.. I graduated from a community college with an associate degree in accounting. Soon after graduation I did bookkeeping for a mid-size merchandise wholesaler for about three years before I quit to be a 100% housewife. So beside some basic accounting training, I knew absolutely nothing about financial markets, especially forex trading. As I got bored staying at home all day, I started to trade forex with a deposit of $1,000 in my mini account, just for fun. At first I traded purely by intuition and managed to reached $1,980 in only two weeks. That pleased me a lot because I figured if that went on, I would be able to buy my dream house in no time! But as you may have guessed, my account balance dropped down to $200 only in a week, after a series of losing trades. Being a little depressed, I kept thinking about it. Forex trading was such an exciting game that fitted my life so well, but only if I won... ah, exactly, did I say "game"? Yes, it was more like gambling than any trading at all, because I had absolutely no idea how the market moved... Naturally, the first step I took was to buy a bunch of books about forex, hoping to find some wisdom in there. I read a few simple books, they were useless! None of them teach me how to trade forex! Then I tried looking at a few sophisticated ones... They got too technical! I told myself "Ghosh, do I need a college degree in finance to trade forex?" That doesn't make sense, because if it's true, then why wouldn't those "finance gurus" trade themselves to financial freedom? Why do they still have to work for somebody else for a fixed salary? FORGET ABOUT THE BOOKS! So after some research, I decided to subscribe to a forex signal service. To make it short, I lost another $1,000 of new deposit. Then I tried another signal service with another $3,000 of new deposit, believing that more fund would give me more time to recover my losses. Two weeks later, my account balance again dropped down to $280, out of total $5,000! Needless to say, I got so depressed that I decided not only to say "good bye forever" to this crazy game, but also not to think about it. I didn't even care to withdraw that remaining $280 from my mini account. Then about two months later, I happened to talk with a very good friend of mine, a great mentor in many aspects including financial matters. He (whom I would like to call the Master from here, just for fun, please excuse my choice of words) pointed out why I lost miserably and also gave me some invaluable advice. "Enlightened by the Master's teaching," I was able to do some research in that direction and compose this strategy to make my dream come true. I got back to my mini account and started using my new strategy. And like a magic, I managed to get a net gain of about $5,600 in just one and a half months (using only that remaining balance of $280). Needless to say, I was so happy that I kept smiling for a week! Well, as you may have figured, I made my first withdrawal of $10,000 when my account balance reached $60,000 and always keep $50,000 for trading. A happy-ending story: I bought my dream home and my dream car with my easily-earned money, and that was about two years ago... So what is this strategy all about? Read on... I'm sure you'll love it!
Forget About The Books, Beat The Forex Market With Only Your Common Sense! To get back on your feet and roll forward in forex trading, you need a strategy that meets the following 3 rules:
is simple, no technical knowledge is needed in order to succeed.
is written in plain English using mostly common sense and analogies to communicate the ideas, so that anyone who can read English will understand.
requires only 10 minutes or less a day to prepare for the daily trades, yet returns the most rewarding results.
Those Are The Exact 3 Elements OfThe Savior Strategy To Forex Trading This strategy will clear up the cloudy forex atmosphere above your head and open a new horizon of opportunities in this exciting business. Here are some of the secrets you will discover from this little wisdom:
Factors that make most forex traders lose their money.
Simple rules of thumb that you have to obey in order to succeed in trading forex.
The steps you have to follow every time to enter your daily trades.
The psychological effects and how to use them to your advantage, instead of letting them destroy your life.
A business principle: why a CEO (Chief Executive Officer) makes a lot more money than his accountant, and how you should (and can) be that CEO in forex trading business.
The Best Strategy Is The Simplest One That Works That's what this strategy is all about: simple, but works! If you were to look for something complicated, this strategy wouldn't be for you, and I would suggest you go back to school and get a degree in finance. But it's not the case here. After learning from this strategy, you'll find out that trading is not like engineering. It shouldn't be too technical. As the matter of fact, trading has nothing to do with technicality. But I shouldn't reveal any secrets here. It's for you to find out! Does it work? Well, this strategy has brought me not only my dream home, my dream car and a comfortable life, but it has also given me a great confidence and an endless pride in myself. So does it work? I have nothing better to say!
I could make it, so can you! If you still wonder "it sounds too easy to be true," then you're right. It's not too easy. There's a requirement: that you have to learn to make your own trading decisions. In other words, nobody will make those decisions for you. If you think it's hard, then answer yourself the following questions: Am I the type of people who can make basic decisions for themselves? For example:
deciding which clothes to wear everyday?
deciding what food to eat every meal?
deciding what to buy every time I go shopping?
deciding what kind of car to buy and how much I can afford to pay?
deciding who to be my boyfriend/girlfriend, or whom to marry? If you answer YES to any of the above questions, then there's no reason why you can't make your own trading decisions using this strategy. If you believe for 100% sure that you can't make any decision in your life, then sorry, this strategy is pretty much useless to you.
Finally, a way to financial freedom... What does financial freedom mean to you? No need imagine what money can bring you, a nice home, a luxury lifestyle, or simply self-esteem and pride, the possibility is endless. It is a paradise that everyone can see, but only a handful can get there (or know how to get there). This strategy is a bridge that connects yourself to that paradise. All you have to do is to walk on that bridge to the paradise of financial freedom! YES, it's that easy!
Partners
Lyons Forex offers a single partner program; The Value Added Reseller Program. Read more about it and find out if it's right for you.
Lyons Forex Value Added Reseller Program
Here is the opportunity... The market is new enough that very few people have gotten around to saturating the market, and the same traders that trade equities and futures are now trading foreign exchange. Isn’t it logical to think that the same value-added services such as trading floors, trading advice, courses, etc. that have been so successful in the equities and futures markets will be popular in foreign exchange? You could be on the cusp of one of the greatest evolutions in international finance in the last two decades.
Take the first step in launching a successful Forex operation
Our goal is to help qualified individuals launch a high profit margin Forex operation and we are actively seeking experienced individuals that share our vision. Individuals must invest both time, and capital and be committed to building an ongoing successful operation. Lyons Forex is committing substantial time, effort and resources to help launch successful value added reseller programs around the globe, to develop the best forex investment value added reseller, and thus certain criteria must be met before applying to the value added reseller program.
Live trading experience is invaluable when marketing and selling to active Forex traders. The first step towards becoming a Lyons Forex value added reseller is opening and trading a live Lyons Forex account to gain first-hand exposure to the Forex market and online trading. Those with little to no Forex trading experience will also be required to complete an intensive Forex course. Live Forex trading may be done on the Lyons forex Mini account; however, Lyons Forex requires a minimum opening balance of at least $2500 to gain a true feel for how trading Forex works. Trading profitably is NOT a requirement -- we encourage you to use this time to determine your level of interest in the Forex market and determining whether this is the right business for you.
*Those with live FX trading experience may forego the first step, however, individuals must provide Lyons Forex with a live trading record.
Becoming a FXCM Value Added Reseller
Becoming a Lyons Forex value added reseller requires little capital, yet allows you to produce recurring revenues. Lyons Forex offers a complete turn key package.
Investment Requirements:
Total Investment Required: $20,000 (The average Value Added Reseller will need an additional $100,000 in capital to run the business.)
Lyons Forex offers a single partner program; The Value Added Reseller Program. Read more about it and find out if it's right for you.
Lyons Forex Value Added Reseller Program
Here is the opportunity... The market is new enough that very few people have gotten around to saturating the market, and the same traders that trade equities and futures are now trading foreign exchange. Isn’t it logical to think that the same value-added services such as trading floors, trading advice, courses, etc. that have been so successful in the equities and futures markets will be popular in foreign exchange? You could be on the cusp of one of the greatest evolutions in international finance in the last two decades.
Take the first step in launching a successful Forex operation
Our goal is to help qualified individuals launch a high profit margin Forex operation and we are actively seeking experienced individuals that share our vision. Individuals must invest both time, and capital and be committed to building an ongoing successful operation. Lyons Forex is committing substantial time, effort and resources to help launch successful value added reseller programs around the globe, to develop the best forex investment value added reseller, and thus certain criteria must be met before applying to the value added reseller program.
Live trading experience is invaluable when marketing and selling to active Forex traders. The first step towards becoming a Lyons Forex value added reseller is opening and trading a live Lyons Forex account to gain first-hand exposure to the Forex market and online trading. Those with little to no Forex trading experience will also be required to complete an intensive Forex course. Live Forex trading may be done on the Lyons forex Mini account; however, Lyons Forex requires a minimum opening balance of at least $2500 to gain a true feel for how trading Forex works. Trading profitably is NOT a requirement -- we encourage you to use this time to determine your level of interest in the Forex market and determining whether this is the right business for you.
*Those with live FX trading experience may forego the first step, however, individuals must provide Lyons Forex with a live trading record.
Becoming a FXCM Value Added Reseller
Becoming a Lyons Forex value added reseller requires little capital, yet allows you to produce recurring revenues. Lyons Forex offers a complete turn key package.
Investment Requirements:
Total Investment Required: $20,000 (The average Value Added Reseller will need an additional $100,000 in capital to run the business.)
Here’s my experience. It is difficult to push your first internet business from ground zero to a success story.
It is difficult to make your first $1000 online. Once you do this the formula is simple. Just duplicate your success to build more and more success.
The biggest thing to get started is to not make huge assumptions like everyone says. Donot expect to make $1000 from your first month, this won’t happen.
You have to take one step at a time and when everything is on the place making an autopilot income of $1000 is very easy.
Put aside your TV time every day and start working part time on your internet business. Atleast commit to give 3 hours per day to your internet business if you are stuck up with your job.
Make a list of your hobbies, your passion, topics that excite you the most. It can be golf, schooling, drinking soups or just hanging around at a multiplex.
Make a list of your interests and then research whether there is demand about the topics that excite you.
If yes, keep researching different sites and get ideas as to how they are doing business.
What are they selling?
How are they satisfying their customers?
How they have structured their website?
Is there something related that you can think of selling?
How they take you from a visitor to a customer? - Make a note of your entire journey.
Researching few sites will give you a whole lot of ideas about how to start your own internet business.
Research a killer product in your niche, create a stunning website with a killer copy, automate your website and start attracting lazer targeted traffic to your site.
There isn’t enough room to show you how to do all this right here, but these are the steps that will get you in business.
The easy route you can take is to signup as an affiliate of a website and start promoting their products and make commission in return.
You will save yourself from hassles of product development, customer satisfaction, product delivery, support and lots of other stuff. All you need to do is promote your affiliate link and collect checks.
Once you get good experience in this internet marketing world you can get started selling your own products and services in your niche in future.
Whatever you do, I encourage you to take the first step and get started. You can thank me later.
It is difficult to make your first $1000 online. Once you do this the formula is simple. Just duplicate your success to build more and more success.
The biggest thing to get started is to not make huge assumptions like everyone says. Donot expect to make $1000 from your first month, this won’t happen.
You have to take one step at a time and when everything is on the place making an autopilot income of $1000 is very easy.
Put aside your TV time every day and start working part time on your internet business. Atleast commit to give 3 hours per day to your internet business if you are stuck up with your job.
Make a list of your hobbies, your passion, topics that excite you the most. It can be golf, schooling, drinking soups or just hanging around at a multiplex.
Make a list of your interests and then research whether there is demand about the topics that excite you.
If yes, keep researching different sites and get ideas as to how they are doing business.
What are they selling?
How are they satisfying their customers?
How they have structured their website?
Is there something related that you can think of selling?
How they take you from a visitor to a customer? - Make a note of your entire journey.
Researching few sites will give you a whole lot of ideas about how to start your own internet business.
Research a killer product in your niche, create a stunning website with a killer copy, automate your website and start attracting lazer targeted traffic to your site.
There isn’t enough room to show you how to do all this right here, but these are the steps that will get you in business.
The easy route you can take is to signup as an affiliate of a website and start promoting their products and make commission in return.
You will save yourself from hassles of product development, customer satisfaction, product delivery, support and lots of other stuff. All you need to do is promote your affiliate link and collect checks.
Once you get good experience in this internet marketing world you can get started selling your own products and services in your niche in future.
Whatever you do, I encourage you to take the first step and get started. You can thank me later.
Taking Steady Investment First Steps
Before you invest in anything, you first must make sure that you have a strong economic foundation. If you don't, your situation is like building a brick house on shifting sand. You need to ensure that your debts are under control, your assets exceed your liabilities, you spend less money than you earn, and you regularly save a portion of what you earn. If you need help with any of these areas, seek a financial advisor who can help you locate and remedy the weak spots in your investment program's foundation.
Finally, you must take the time to educate yourself about financial and investment matters. The average person spends more than 80,000 hours during a typical working lifetime yet may spend an average of less than 15 minutes a month finding out how his money can work for him.
Have adequate insurance
Do you have proper coverage for potential problems, such as disability or the death of a breadwinner in your family? Many stock portfolios get liquidated pretty fast when the dependents of the deceased need money for daily living expenses. You may work a lifetime to build your stock portfolio. If you don't have appropriate insurance, it could be wiped out very quickly and needlessly. See an insurance professional to guarantee that you and your family are protected.
Do you have proper coverage for potential problems, such as disability or the death of a breadwinner in your family? Many stock portfolios get liquidated pretty fast when the dependents of the deceased need money for daily living expenses. You may work a lifetime to build your stock portfolio. If you don't have appropriate insurance, it could be wiped out very quickly and needlessly. See an insurance professional to guarantee that you and your family are protected.
Success steps for your small business ideas.From the desk of Ove Nordkvist.
Anyone who dream about small business ideas want to be successful. Most people believe that it's difficult to be a successful small business owner. They’re wrong - it’s not! To realize your small business dreams and make a good income, isn't really that difficult.
The difficulties lies in the matter of getting started, to take the very important first step. And that's what you will find here, the ideas as well as the inspiration and motivation to start your own small successful business.
To have a small successful business is not reserved for a certain group of people. To be able to realize small business ideas has nothing to do with luck, coincidence or destiny.
What's absolutely necessary though, is to find out what's really spark you. Because you'll need that spark to ignite and keep your motivation fired up, through temporary setbacks along the road.
For online business, the best recommendation I can give is SBI (Site Build It!), it's a step-by-step system of software tools that delivers thriving, profitable businesses.
Once you have your website set up, it's a nobrainer to get a maintenance free income of advertising at your site.
Another business model I strongly recommend is Forex currency day trading, even though it's not suitable for all people as it involves some risks. If you allow yourself to learn how this business works, the income potential is huge.
Now, this site isn't only for online business, you will find plenty of offline small business ideas as well.
I'm Ove Nordkvist and I have 25 years of small business experience.
I'll share what I have learned and what has worked for me. The most important thing I've ever learned, is that we have a great power in our mind.
I'll share what I have learned and what has worked for me. The most important thing I've ever learned, is that we have a great power in our mind.
If you feed your mind with positive thoughts, you actually can accomplish whatever you want with your small business ideas.
The structure of this site is really simple. At the left hand side you see the navigation bar, each button is connected with a 2nd tier page, and every 2nd tier page are connected with several 3rd tier pages.
Just click at the button you're interested in and scroll down to see all the other pages in that section. You can also scroll down at this page to see all the 2nd tier pages with description.
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