money – Page 2

The Truth About Forex Trading Systems

A trading system refers to specific rules and instructions that need following to venture into foreign exchange investing successfully. The most significant advantage of these systems is that they require minimum effort and continuous income stream. However, while it is likely to find several proper methods in the market, the majority of them do not work.

There are two principal methods of trading in forex namely swing trading and day trading. Most experts in the industry will advise newcomers to avoid the second method. With a day trade, the volatility of the market is random and difficult to predict. If you have already invested in a day trading system, there is a big possibility that you would end up with a zero account.

However, even with a swing trade, there are specific precautionary measures that you need to undertake. First, you should look for their real-time track record. It is an important consideration as it monitors the success and failure rate of a specific system when applied to a portfolio.

Some companies will instead provide you with a hypothetical rather than a real-time track record. If the company you are dealing with does this, insist on getting the real-time track record. The hypothetical one could be a sales gimmick that indicates the results obtained over a specified period.

It is unlikely to find a company that would provide you with a real-time track record only because they do not have one. When considering purchasing a system, evaluate whether you would find a system that the developers do not use themselves. It gives you more reason not to use the system.

If there is no real time track record, you should ask for at least a couple of years history. After an audit, and the fees should be disclosed or should indicate the net income.

When checking the real-time track record, look for the peak with the most significant drop. From there, you can determine whether you will throw in the towel when you find yourself in the same predicament.

While many systems can offer long-term benefits over time, their short-term volatility can be a source of discouragement. If you are not ready to accept a 50% drawdown, then you are not prepared for this kind of career.

Make sure that you have a complete understanding of the logic of foreign exchange trading. If you do not have comprehensive knowledge of it, it is likely that you will lose interest and use the system differently when the point of losing comes. By fully understanding your system, you will gain confidence in foreign exchange trading. Your confidence will give you the discipline needed to succeed in forex trading.

Another test of a reputable company is customer support. It is crucial so that you can immediately address your problem or concerns. You should also make sure that the company representative could answer any query you may have concerning the system. Likewise, see if it has a money back guarantee in case you decide not to purchase the system.

It is essential to get information about the system you are considering. But do not forget about the most critical factor that is the real-time track record. You can always make a comparison of different systems before choosing the trading system that works best for you.

We hope this information was beneficial. You can have anything you want if you are enthusiastic about putting in the time, effort and plans to get to your goals. Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!

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Are Your Limiting Beliefs Stopping You from Achieving Your Goals?

Everyone has conscious or subconscious ideas that can become limiting beliefs that stop us from achieving our goals if we let them. Sometimes these beliefs are instilled in us in childhood, and sometimes we create them ourselves. An example of a limiting belief that can get in your way of success is how you see yourself with money.

If you believe you will always struggle and always be poor, chances are you’ll set yourself up for failure. Your limiting belief that you’re poor and that you still will be poor becomes a self-fulfilling prophecy. You can say the same about anything negative in your life that limits you – whether it’s a career, education, or personal such as being healthy and of average weight. If you see yourself a certain way, it can be hard to change that view and let go of that limiting belief.

Eight important phrases point to a limiting belief:

“It’s hopeless” – Anytime you use the word “never” is a clue that you’re focusing on a limiting belief. For example: “I’ll never have any money because you need money to make money.”

“I’m helpless” – When most people feel uneducated or helpless, they blame their circumstances instead of working to change them. “I can’t manage my money because I don’t know how” sounds insightful, but the part that’s missing is the feeling of helplessness when all you need to do is take a personal finance course or buy, read and practice the lessons in “Personal Finances for Dummies.”

“It’s useless” – The idea that nothing you do will make a difference is that you believe that any action you take won’t make a difference. “It doesn’t matter if I work out an hour a day; I won’t lose weight anyway.” How do you know? Have you tried to do anything for longer than a couple of weeks?

“It’s the universe” – Sometimes a limiting belief has to do with the idea that outside forces that you can’t control are at work keeping you down. You can’t find a job or get clients because the economy sucks, where you live is depressed, you don’t have the right clothing and so forth, but you do nothing in your power to change it because it’s destiny. “Everything happens for a reason” type of thinking can be very limiting and make you feel powerless.

“I’m worthless” – The idea that you’re not smart enough or good enough to do what you want can be a powerful limiting belief system and seems to affect women more than men. You feel you’re not pretty enough, smart enough, or good enough to have something, so you don’t take steps to achieve it, because you don’t feel that you deserve it.

“It’s genetic” – While there are indeed some instances where genetics play a huge role in a person’s life, the truth is that almost everything will change with the right mindset, training, exercise, and outlook. You’re not stuck with your genetics, but if you think you are, you may not try any of the things to pull yourself out of the rut you’re stuck.

“I’ll fail” – The truth is the fear of failure is something most people have as a limiting belief. “I’m a bad public speaker, so if I do it, someone will judge, and I’ll fail anyway so why try” is a common refrain. But, how can you set that belief in stone if you’ve not tried?

“I’m different” – The limiting belief about being different is that different is necessarily bad. You don’t want to be who you are because you’re different and you’ll look differently by other people. You’re afraid to be who you are, and because of that you don’t even know who you are, and you’re too scared to find out due to fear of rejection and ending up alone.

If you ever hear any of these phrases go through your head, try to disconnect from them, and turn them around to “why not me” instead of “why me.” Always ask “why not me” because the truth is, you’re not feeling anything different from anyone else who has made goals and achieved them. The difference is in the doing, not the intelligence or talent.

Which Retirement Plan is right for You?

So many people find the chore of planning their financial retirement future confusing? If you are one of those this article is dedicated to explaining the differences between a 401 (k) plan and an IRA (Individual Retirement Account). There will be many terms you will come across during your research that will be somewhat confusing until you get the terminology down. The path to financial doesn’t have to be as complicated as we tend to make it.

I would like to take this opportunity to encourage you to seek the guidance and advice of a professional financial planner. The resources and knowledge that a competent financial advisor can share with you will be invaluable when it becomes time to make the decision that will affect how your retirement savings are put to work for your retirement. We go to a mechanic for mechanical advice (at least I do) so it only makes sense that we would go someone who has trained in financial matters for financial advice.

Getting back to business, when it comes to financial retirement planning you should find that both IRAs and 401 (k) plans have strengths and weaknesses. There are also limitations as to how beneficial they can be when used in combination with one another as well as their own limitations. Every benefit that aids you in taxes and retirement should be considered carefully before leaping.

Let’s first look at the 401 (k) plan. This is a plan that offers a few benefits that are much preferable to many over other retirement plans. The first thing you might want to consider is that you can invest up to 75% of your salary or a maximum of $18,500 per year (as of 2018). Of course, that is assuming that your employer doesn’t have limits on how much you can invest. The money invested in your 401 (k) account is pretax money so it lowers the amount of taxes you are paying out of each paycheck. Many people also find that because the money is taken from their checks before it arrives it is far less painless to part with. As someone who has closely watched taxes, FICA, and Fido get my money for years I can say that it is no less painful for me, but some find it comforting and that is a real benefit.

Finally, and perhaps the most important thing to consider is that many employers will match a percentage of your contribution up to a certain amount each check. As an employee, this is a boost to your investment that is well deserved and hard earned. I hope you appreciate the implications it has on your future earnings. You should keep in mind that the penalties for accessing these funds early are harsh indeed in order to discourage this practice from occurring. Take care that you do not over-invest in these funds to the point that you will need to access them in times other than dire emergencies.

IRAs are another creature altogether. You will find much stricter limitations on IRAs than on 401 (k) plans to begin with the fact that if your employer offers a 401 (k) you must make very little money in order to qualify for the tax deductions that this retirement fund generally allows. The maximum yearly contribution for your IRA will be $4,000 or 100% of your annual income; whichever is greater up until the age of 49. Once you’ve reached the age of 50 you can invest an additional $1,000 to your fund. The other major drawback when it comes to an IRA is the fact that you must begin receiving payments at the age of 70.5 from your account. You will also be heavily penalized if you make an early withdrawal from these funds.

Make sure you discuss the pros and cons of a 401 (k) plan versus a Traditional IRA plan before you make your decision.

Top Tips for Traveling Responsibly on a Budget

Traveling responsibly on a budget can be an incredible challenge. Not only do you want to save money, but you want to do so in a way that respects the local country.

Here are a few tips to help you do this.

Start with Setting a Weekly Budget

Setting daily budgets while traveling is rather unrealistic. That’s because your expenses can fluctuate drastically.

Crossing the border from Laos to Cambodia might cost you $50, plus $40 for the visa. If that went into your daily expense, that’d mean you couldn’t eat or sleep that day.

Instead of using daily expenses, use weekly expenses. If you have high expenses one day, compensate by lowering your expenses on a different day.

Make sure you’re tracking your expenses while you travel. It can be very tough to keep track of everything but do your best to write down everything you spend when you spend it.

Eat at Small, Local Shops

Eating at small local shops is a great way to save money and support the local economy.

In most major tourist destinations today you’ll find KFC, McDonald’s and other major chains. You’ll also find many upper-class restaurants and many restaurants that sell Western food.

By and large, however, these restaurants are much more expensive than just eating local foods. They’re also often owned by foreigners or global corporations.

Beware of Waste

You can save money and travel responsibly by reducing the amount of waste you produce.

Try to buy as few water bottles as possible. Refill wherever you can find clean water.

Trade books with other travelers rather than buy books. Most hostels and guesthouses have book trade shelves set up, which makes it easy to find interesting reads along the way.

Try not to print anything unless it’s necessary. Get maps from hostels or hotels instead of printing them yourself.

Get to Know Locals

Getting to know locals is not only fun – but it can also save you a lot of money.

Locals don’t eat at the same places that tourists do. They eat at little-known places that taste great and cost half the price.

It’s very difficult to find great places to eat and shop when you’re in a different country. Anything that’s written about in guidebooks is likely to be overpriced and will surely attract people just trying to sell to tourists.

Instead, have a local show you all the most amazing places that nobody else has discovered. You’ll get the real scoop on what it’s like to live in that city.

These are a few different ways you can stick to a reasonable budget while interacting responsibly with the culture and people.

Women’s Sexual Health: Age Doesn’t Matter

Based on a recent study, there appeared to be no differences with respect to the frequency of sexual intercourse or the desire for sexual activity not involving intercourse among the different age groups. Age did not make a difference regarding the frequency of orgasm or in sexual satisfaction ratings with their partners.

Most women fear that as they age and the hormone levels drop, so too will their enjoyment of, and oftentimes desire for sex.

Fortunately, while diminishing hormones and sex may happen in the same breath, the latest research indicates that sexual desire has less to do with these changes than it does with lifestyle and other women’s sexual health factors, at least some of which are under a woman’s direct control.

According to reports from a group of distinguished European sex experts in the first ever supplement to The Menopause, the journal of the North American Menopause Society, the findings have helped professionals discard the notion that sexual difficulties occurring close to menopause are either biologic or physiologic.

The new research was part of a series of studies conducted on female sexual dysfunction by the department of clinical psychiatry and psychotherapy at Hanover Medical School in Hanover, Germany. As part of the overall project, 102 women aged 20 to “45 plus” answered 165 questions designed to flush out determinants of female sexual satisfaction.

Specifically, researchers hoped to determine satisfaction with sex life in general, sexual satisfaction and orgasm during intercourse, petting, masturbation, attitudes towards sexuality, quality of partnership, and women’s sexual health myths.

Based on the study, there appeared to be no differences with respect to the frequency of sexual intercourse or the desire for sexual activity not involving intercourse among the different age groups. Age did not make a difference regarding the frequency of orgasm or in sexual satisfaction ratings with their partners. For example, 29% of women up to age 45 reported having orgasms “very often,” compared with 26% of women over age 45.

Even more dramatic was that while 41% of women over age 45 reported having orgasms “often,” only 29% of younger women reported having an orgasm “often.”

Among the few differences in the groups: Women over 45 reported having fewer orgasms during non-intercourse sexual activity or during masturbation. Both groups of women reported a dual dimension necessary for successful lovemaking that included having both feelings of emotional closeness to their partner and satisfactory physical experiences.

After comparing all the answers from both older and younger women, as well as from women who reported sexual problems and those who did not, researchers concluded that the single most influential factor about women’s sexual health satisfaction via intercourse was the quality of the partnership, the quality of mutual respect, which then becomes of greater importance as a woman age.

After comparing these study results to earlier and ongoing findings, the researchers concluded that the basis of any sexual problems that did occur at midlife could not be drawn from menopause status or age alone. Instead, life stressors, contextual factors, past sexuality, and mental health problems are more significant predictors of midlife on women’s sexual health interest than menopause status itself.

This study was just one of several research papers presented in the journal about women’s sexual health dysfunction. Each one striving to shed much-needed light on a subject that some believe has been hidden in the shadows too long.