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Forex day trading is popular but it's one of the best ways to lose your money. Try and find a day trader with a track record of real gains (not a simulation in hindsight) and you won't find one. Why? Because:

It doesn't work.

You will see numerous e-books and forex trading systems advertised all with great copy and a track record - but check the track record disclaimer and you will see that there all done in hindsight.

Here is a standard CFTC disclaimer:

"Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those show".

Well could you make a profit knowing the closing prices?

Of course you could and so could a child.

The reality though is we don't have the benefit of trading backwards when we trade forex, we have to trade not knowing the prices and that's a little more difficult.

So why doesn't forex day trading work?

Quite simply - all short term volatility is random.

Because of this, support and resistance levels are meaningless and you can never get the odds on your side.

If you think about this its common sense - you have millions of traders all trading with different viewpoints and methods and to say that you can predict what they will do in a few hours, or a day session is ridiculous.

So why are forex day trading systems so popular?

There mostly promoted by marketing companies NOT traders - it makes a good story but so to does Harry Potter but that's all it is a story.

Forex day trading appeals to lazy or naive traders, who think forex trading is simply a walk in the park - no effort required, spend a few hundred bucks and get rich!

Well forex trading is not that easy and you wouldn't expect it to be with the huge rewards that can be made.

If you want to trade successfully then you need to get the odds on your side and that means trading longer term meaningful data - not random data where you may as well flip a coin.

Trading success is based upon a logical method that takes into account the odds.

To be successful in life (not just forex trading) accept the fact that no one else will make you rich. Sure you can take advice - but never follow anyone blindly, you need to understand what you are doing and make sure you are trading the odds!

If you don't, you won't have confidence. If you don't have that, you will never make money, as you won't have the discipline to follow your method through inevitable losing periods, to achieve long term currency trading success.

So the next time you see a day trading system with a simulated track record - think twice before investing in it.

If it has a real time track record over a few years of profits by all means consider it - but if you find one let me know, I have been looking for 25 years and not found one!

If you want trade successfully forget forex day trading, trade the odds and that means using longer term data.

NEW! FREE 2 x CRITICAL TRADER PDFS - FOR FOREX TRADING SUCCESS

On all aspects of becoming a profitable trader including: Free critical trader PDFS, and more FREE Forex Education visit our website at: http://www.learncurrencytradingonline.com/index.html

posted by qzqcuz  # 4:35 PM 0 comments

Business ethics are a matter of much debate. Every MBA entrant is taught the meaning of them, and yet many will never follow these guidelines in their real life careers. It has become a vast and complex field, and is the subject of much research. Business ethics encompass a large and significant portion of what it takes to do business today. Under the umbrella of business ethics comes:

The social responsibility that a business is supposed to have towards the community in general, particularly the one in which it operates or has any interests. An example of this would be the Exxon Mobil oil spill. It is the responsibility of a business to protect the interests of the people, animals and environment where it uses resources. Due to improper handling of the issue, it became a public relations nightmare for the company. Exxon has now been ordered to clean up the area which it should have taken care not to damage in the first place. Indifference to business ethics in this case, caused a negative public image for the company and a huge lawsuit.

Issues regarding a companys responsibility towards its shareholders. This is a heavily regulated area but one that requires a lot of government intervention due to certain unethical practices adopted by many companies in the past. The concept of increasing shareholder value is part of the fundamental principles of a company and if business ethics are not brought into play here, the business can collapse due to the pressure exerted by shareholders.

Inter-company dealings and negotiations. Often rivalries in business can turn ugly due to the amount of money and ego riding on them. Hostile takeovers and business espionage are some of the examples of unethical behavior within the business world. If discovered, these deeds can be punishable by law or simply public opinion. To allow for fair play and keeping the best interests of the consumers in mind, the government regulates a great deal of what goes on in company dealings. Microsoft has been the target of much abuse and outrage due to its allegedly monopolistic techniques of doing business. While this has not sunk the IT giant, many say that it may have long term repercussions. The government has also stepped in to make sure that other businesses and consumers are not harmed.

Stakeholder protection. Every business has stakeholders other than its owners the employees, the stockholders and the general public. The business has to ensure that the rights and interests of all of these groups are adequately protected in the course of its operations. The recent outcry about the harassment and bad working conditions of employees in Wal-Mart led to the generation of a lot of negative press about the outsized department store. This gives the competition the lead and rivals take the opportunity to get ahead while the company is busy trying to do some damage control.

Fundamental business practices of a company. Underhanded dealings, the use of substandard products, spreading misinformation about the product, hiring illegal workers at lower than minimum wage, etc. prove that a business is run in an unethical way and that it is not a high quality work place or service provider. For instance, cigarette companies that spent most of the seventies telling people that it was not unhealthy to smoke, though they knew this to be untrue. In a recent judgment, one such company was forced to pay out $28 billion.

William King is the director of Wholesale UK Dropshipping & Wholesalers Trade Suppliers, Wholesale Dropshipping & Dropshippers Directory, Wholesalers Products & Dropshipping Supplies Directory, and UK Wholesalers & Wholesale Dropshippers. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

posted by qzqcuz  # 4:21 PM 0 comments

Banking around the clock is no longer a remote possibility. But the banks don't have to keep their branches open 24 hours a day to provide this service. This is one of the biggest advantages of Internet banking.

One doesn't have to go to the bank's branch to request a financial statement. You can download it from your online bank account, which shows you up-to-the-minute updated figures.

Another advantage of Internet banking is that it is cost-effective. Thousands of customers can be dealt with at once. There is no need to have too many clerks and cashiers. The administrative work gets reduced drastically with Internet banking. Expenditures on paper slips, forms and even bank stationery have gone down, which helps raise the profit margin of the bank by a surprisingly large number.

As far as customers are concerned, their account information is available round the clock, regardless of their location. They can reschedule their future payments from their bank account while sitting thousands of miles away. They can electronically transfer money from their bank accounts or receive money in their bank accounts within seconds.

You can apply for a loan without visiting the local bank branch and get one easily. You can buy or sell stocks and other securities by using your bank accounts. Even new accounts can be opened; old accounts can be closed without doing tedious paperwork. Especially with the increasing acceptability of digital signatures around the world, Internet banking has made life much easier and banking much faster and more pleasant, for customers as well as bankers.

Internet Banking provides detailed information on Internet Banking, Advantages Of Internet Banking, Internet Business Banking, US Internet Banking and more. Internet Banking is affiliated with Best Internet Banks.

posted by qzqcuz  # 10:47 PM 0 comments

The Foreign Exchange Market (Forex), an international market that has been in existence for over 100 years, trades an average of $2 Trillion dollars per day. Until recently, however, it's been a market reserved primarily for institutional investors. Today, as a result of technology and the Internet, even individual investors can take advantage of the Forex.

But how does it match up against the Stock Market for investors?

Here are some of the key differences ...

1. The Forex Market is open for trading 24 hours a day, while stocks are only traded 8 hours a day.

2. While transaction costs for a Forex trade are minimal, Stock Market trades often come with much higher commission fees. Due to the same technology and the Internet, though, stock trades are far more reasonable for the individual investor today than they were just a short five years ago.

3. Individual stocks can sometimes be manipulated by unscrupulous companies. This is far more difficult in the currency markets.

4. Investors have far more choices in the Stock Market. In the Forex Market there are only six major currencies.

5. Currency traders have far more leverage and liquidity than do stock traders. In addition, the currency market is much larger than the Stock Market.

It's easy to see that the Forex Market provides many more advantages for its traders. And just because it's still a relatively young market doesn't mean that it comes without the tools, software and signals that can help give the advantage to the individual investors. In fact, there are not only numerous charting services available on the Internet, there's also a rich history of trading strategies that new traders can test and explore for themselves.

Similar to the Stock Market, a new investor has a number of choices before them. For example, he can hire a broker to handle all his trades. This is generally the most expensive alternative in either market. Or he can spend the money for a home-study course and put in the time to educate himself.

More common, again in both stock trading and currency trading, a new investor will choose a strategy or set of strategies that provide comfortable trading parameters and then put those strategies into action using proprietary trading software. Such software almost always comes with charting capabilities (if it doesn't, you'll want to keep looking until you find one that does) that allows the trader to spot trend direction, price activity, and historical movements by using technical analysis indicators such as Bollinger Bands, Fibonacci Arcs, and Standard Error Bands. All very cool ways of analyzing the market and making more intelligent decisions.

At first glance, the differences between the Forex Market and the Stock Market may appear minor. However, with the leverage, liquidity, tools and techniques that a new trader has at his disposal in the Forex Market, there are distinct advantages. A little preliminary research, a set of strategies that are within the trader's comfort zone, and the right tools can all help reduce a trader's risk.

Discover everything you ever wanted to know about mastering Forex trading, including Forex strategies, how to find a broker, managed accounts and much more ... all at absolutely no charge ... Mastering Forex Trading

posted by qzqcuz  # 10:36 PM 0 comments

Offshore bank accounts may be touted as the solution to every legal, financial and asset protection strategy but the myth of the working of an offshore bank account are often much more exaggerated than the reality. That said, offshore bank accounts do have benefits for individuals and companies but before you go out to open an offshore bank account either for yourself or for your company you must not only be aware of the facts but of a lot of other ancillary issues as well.

The first thing any individual should consider before rushing out to open an offshore bank account is their purpose of doing so. Read about offshore bank accounts and their benefits and look at your situation and see if you stand to benefit directly in your way of life and the nature of your business by opening one of these bank accounts. Opening an offshore bank account for the hell of it or just as a reason to crow to your friends is simply not worth it.

Another issue of concern with the offshore bank account is the location in which the bank account is being opened. Make sure the individual or company which is helping you open the bank account is well informed about the legal factors that may concern you in the country where this account is being opened. Also make sure the country the bank account is being opened has a stable economy and not one that is bound to collapse and seize your money along with it.

The third factor of concern about offshore bank accounts is the offshore bank itself. Individuals and companies should make sure that the bank they are about to maintain an account with has a history as well as a good reputation. Most offshore jurisdictions require low costs for people who wish to purchase banking licenses. This may result in unscrupulous individuals opening a bank without a reputation with the sole aim of taking advantage of unsuspecting customers.

About offshoreXplorer.com:

Established in 1999, privately held offshoreXplorer.com serves large and small organizations throughout North America, Europe and Asia with incorporation services, establishing offshore trusts, as well as creating offshore companies aimed at protecting assets to legally reducing annual taxes. The company's primary function is to provide businesses and individuals with the information they need about offshore jurisdictions and how these jurisdictions benefit their businesses legally and financially.

Ron Z. Mendelson, Managing Partner at offshoreXplorer, is a leading expert in offshore asset protection and business strategies. His expertise covers various fields including: wealth protection, foreign asset protection, international business corporations, worldwide investing, global banking, offshore online gaming, and international e-commerce.

Ron Z. Mendelson
Managing Partner
offshoreXplorer.com
1 888 249 9430
http://www.offshorexplorer.com

posted by qzqcuz  # 10:53 PM 0 comments

As a former franchisor, it seemed that I learned many things the hard way. Much of the Industry Association information was not applicable to our type of franchise or the size of our business starting out. When franchising mobile service business as franchised units it is more difficult than you might think.

There are many folks out there that wish to "SELL" a business opportunity or trailer, van, truck, etc or franchise and yes they are more concerned with the short term sales than the long-term accomplishments that franchising brings. Of course, we would never partner or attempt to partner with anyone that short sided, such thinking for short-term without the long-term component is a dead end.

Thus, we often found ourselves going it alone and inventing it as we went. Indeed, you must make money both short and long term and like Collins points out in "Built to Last" and therefore, you must consider the total mission, each battle and the end game of the war itself. So, I do not fault folks for making money "selling equipment" as that is their choice, but that is not what we are about or our primary focus in setting up franchises in the past.

In fact, I tend to agree with those who make comments about such short-sided folks, and agree I would never wish to partner with any of them. If you decide to franchise a mobile oil change business or any mobile service business, then I think you can make this work with the right resources, what questions do you have for me? Would you like a reading assignment?

Go to this website; www.EzineArticles.com and at the top center of the home page is a search feature. Type in "mobile oil change" and you will pull up about 150 articles on the subject. And also look for the top authors in the Franchising Section, to find the article that I have written, it will give you a good basis to formulate questions, that you will need to answer in your business plan. Good luck, Gods Speed and Continued Success.

L. Winslow is an Economic Advisor to the Online Think Tank, a Futurist and retired entrepreneur http://www.worldthinktank.net Currently he is planning a bicycle ride across the US to raise money for charity and is sponsored by http://www.Calling-Plans.com and all the proceeds will go to various charities who sign up.

posted by qzqcuz  # 11:26 PM 0 comments

With so many different terms floating around, banking terminology can get really confusing. If you are someone who doesnt know their AER from their APR and their PIN from their Chip, then this guide to common banking terms could enlighten you.

AER

AER stands for Annual Earnings Rate. AER is used to calculate the annual amount that you earn on an investment or savings account. The higher the AER, then the better the investment or savings account. If you are looking for a savings account then compare AERs to work out where your money is going to make the most profit.

APR

APR stands for Annual Percentage Rate, and is the amount of interest that you pay each year on a loan or mortgage. The lower the APR then the less you will pay yearly on that item of borrowing. Items with high APRs like credit cards have APR figures around 15-20% whereas mortgages have a low APR figure of about 5-7%. The quickest way to compare loans is to look at their APR values.

Chip and PIN

Chip and PIN is the current system used to pay for items or withdraw cash using a credit or debit card. The card has a 4-digit PIN, or personal identification number, that you enter into a cash machine or till machine in order to retrieve money or pay for goods. The chip on the card holds information that, combined with the PIN, allows the machine to identify you as the correct owner of the card. Chip and PIN is more secure than the previous magnetic strip and signature technology that was used a few years ago.

Overdraft

An overdraft is a sum of money that you are minus within an account. If you go beyond the amount of actual money you have in an account, then you go into the overdraft. Many accounts have a pre-arranged limit that allows you to go overdrawn, which can be useful, as unauthorised overdrafts will cost you a lot in interest and fees.

Phishing

If you use online banking, then Phishing is a term you might have heard of but you might not know what it means. Phishing is a form of scam or illegal attempt to get hold of your bank details online so that they can withdraw money from them. When online banking started this was a big problem, but with increased security measures the problem is getting better. Most Internet browsers include a Phishing filter to stop such practices from occurring.

Standing orders and Direct Debits

Standing orders and Direct Debits are similar in some ways, but different in others. Both involve a regular amount being transferred from one account to another. Standing orders are a regular, fixed amount that you pay to another person or company, usually monthly. Direct Debits are an amount of money, which can be fixed or varied, that is removed from your account at set intervals. One example of a Direct Debit is mortgage repayments.

Getting advice

If you are unsure about any other banking terms, then visiting your local bank branch or looking online might help. Never be afraid to ask about something, because if you dont understand something that is part of your account policy, you could lose money or not be taking full advantages of the features on offer to you.

Peter Kenny is a writer for The Thrifty Scot. Please visit us at Best Current Accounts and Child Trust Funds Visit http://www.thriftyscot.co.uk

posted by qzqcuz  # 3:35 PM 0 comments