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Forex brokers are more of a marketing machine than market makers. Forex brokers need a constant stream of new clients to keep making money since most of the new traders dont survive longer than a few months.

For enticing new clients, vast sums of money are spent on advertising by forex brokers. You can check this fact by going on Google and typing any forex related keyword. Almost all the ads will be by forex brokers. Each click costs them around $1.

One way is to announce forex trading contests that reward the winners with $2000, $1000 and $500 cash prizes. Who is the actual winner in these contests? Your forex broker!

This is like a lottery, only three win. The more you trade in order to win the contest, the more money your broker makes.

There is no check on the forex brokers. They can quote any rate to you. Forex brokers do this by adding 2 3 or even more pips to the interbank market pip spread

These 3 or 4 pips are the risk free profits that the brokers make for each round trip trade. You see why forex brokers are giving you free platforms and trading signals, only to make you start trading as soon as possible. Your broker will make more risk free money, the more you trade!

There is a practice used by forex brokers called Price Shading. For example, if the broker is convinced that Euro is on an uptrend and its price is going to rise, the broker will shade his price quote slightly higher to take advantage of the likely increase in Euro price.

One of the classic tricks used by many brokers is to trip stop losses with a single momentary blip. Brokers have all the information about stop losses placed by their clients. So, if he finds many stop losses at a certain level, there will be a momentary spike in the price feed that will trip most of the stop losses.

You cant do anything. It was a momentary spike, so small that it only tripped the stop losses.

Since, there is no central exchange to compare moment by moment prices, your broker can offer any excuse like there was sudden large order in the market or the broker feed is much faster and reflects true interbank rates.

Forex trading is an altogether a totally different beast as compared to stock trading. One of the major differences between the forex and stock markets is that forex markets are open 24 hour, 5 days a week while stock markets have fixed timings. For example New York Stock Exchange (NYSE) is open from 9:00 AM to 4:00 Pm. You can only trade stocks at NYSE during this time.

Continuous 24 hour action at the forex markets baffles many new traders. Forex markets have no central exchange. It is an Over the Counter (OTC) market that is spread over various locations in the world.

For a new forex trader, it becomes very difficult to understand when to trade and when not to trade as there is no formal open and close of the market. Many exhaust themselves by sitting in front of their computers all day. Fatigue them and make wrong decisions. An easy way is to divide the day between three 8 hour sessions.

Further divide each 8 hour session into two 4 hour sessions using a 4 hour chart. This division of 24 hours is logical as there are only three major money centers in the world that have the capacity to move the forex markets.

The three major money centers that affect the forex markets everyday are namely: Asia, London and New York. We will call our three trading sessions, the Asian, the London and the New York Session.

Asian Session: Most of the turnover in this market session is handled by Sydney, Tokyo, Hong Kong and Singapore. Main players are the commercial exporters and the respective central banks. Since most of these central banks are in competition with one other, the price action during this session is jumpy and unsustainable.

London Session: London is still the forex capital of the world with deep and highly liquid forex market. Paris, Geneva and Frankfurt also are players in this session. The moves that originate in this session are very important keeping in view the amount of money needed to move a market this deep. These moves give you a lot of information about the market sentiments and positions.

New York Market Session: New York is second to London. Both New York and London overlap in the morning when New York is opening and London is closing. This is the best time of the day for savvy traders to trade as there is a lot of price action during this time.

The following table gives important times of the day that any forex trader needs to know: 00:00 GMT-Sydney Opens. 11:00 GMT-London opens. 15:00 GMT- London becomes very active. 17:00 GMT- London is active and New York opens. 18:00 GMT- London and Europe closes. 19:00 GMT- New York and Chicago getting ready for a close!

This overlapping between London and New York is when major price action takes place and new trends are formed or old trends are reversed. London is the market trend setter in fashion as well as forex.

Changes in the real estate market create new niches and investment strategies. One must be able to work well with the changes as this is one area of investing that is constantly changing and updating. If you are new at real estate investing, you should begin working with a mentor and complete some transactions with a partner to reduce your financial and liability risk. A mentor will help you to avoid the common mistakes made by many real estate investors. Begin to educate yourself; do some research on the internet, attend seminars and join a real estate investing association.

What should you look for in a real estate partner or mentor?

The first and most important issue is finding someone who you can work well with; someone who shares some of your interests and goals in succeeding in real estate investing. Your first real estate partnership should be worked with someone who will also be a good mentor; someone with years of active experience and one who is successful. Meet as many real estate investors as you can; talk to them about what they are doing and how it is working for them. Many experienced investors are looking for partners; some are looking for new people to mentor.

Take your time and find a partner or mentor who is open and honest; one you can trust to steer you in the right direction. Finding real estate investors to work with is the easy part. Once you get started, you will find that there are a lot of people you need to know, including investors, brokers, property managers, rehab contractors, title companies, mortgage lenders, insurance providers and anyone who services real estate investors. A successful investor has all the necessary connections.

A good real estate partner to work with is one who has had experience at handling a variety of transactions in our constantly changing market. He will have several different exit strategies he likes to use and he will know which one works best for each transaction. He should be able to show you some examples of deals he’s made in the past that show profit. A good real estate partner is one who has a wealth of experience; a good mentor is one who will share their knowledge with you.

What do you want from the real estate partnership?

Find a good mentor and discuss the possibility of a partnership. Be sure to discuss issues like your degree of involvement in management, the amount of your investment and your responsibilities. Are you looking for a partnership where you simply invest money and the partner does the work? Are you looking at commercial, residential, vacation resorts or any certain type of property to invest in? Do you want to hold property for cash flow or is wholesaling your preference? Maybe there is a new niche in the market that you are interested in.

You are no-doubt thinking about financial gain; you must make a good profit form the partnership, no matter what type of transactions you’re working or what your degree of involvement is. Does the anticipated profit match the degree of risk in the deal? How safe is the investment?

Liability exposure is something to be considered in the real estate investing world. Will the partnership be set up as a corporation or limited liability company? Will your personal assets be protected should something go wrong? Be sure to address these issues with your partner.

The ideal person to work with as a real estate mentor is one who will explain all the important issues so that you have a clear understanding. You should be comfortable with your financial investment, personal responsibility and the amount of profit made from the deal.

Considering the condition of the real estate market today, a lot of people feel they should think twice about investing. The experienced real estate investor is seeing things quite differently. With a high supply of homes and few buyers, the prices of real estate are very low. This is a buyers’ market and it is a great time to invest in real estate.

Join a real estate investors association or a landlords’ club. Attend seminars and meetings; surround yourself with other people in the real estate investing field, discover who is successful and begin to model your program after them. Develop a relationship with someone who will make a great real estate partner and mentor and you will be off to a great start in real estate investing.

Some think Index Trading has something to do with day trading stocks.

We prefer Index Trading, there really is no comparison to day trading stocks. With stock trading there are Many things you really need to know about the companies you will be buying or selling short. In fact, the majority of stock traders Never sell a stock short or bet against the company (which means you are betting the stock price will drop). Not being able to profit in a down trending market is a Major setback for an investor.

With Index trading we are only concerned with index movement. We don’t even care if it is going up or down. We just want the index price to move! We can place our trades short or long with equal eaze. There is no market or company research to do, as we really don’t care what the individual companies are doing.

For instance, if you were looking at a company with the thought of buying stock, you would no doubt want to know what the PE ratio was, who the board members or major stock holders are. You should want to know if they are buying or selling. You might want to know what the BIG fund companies are doing in that sector (finance, health care, big pharma, tech sector etc), and many other factors (or at least you should). Then you might use a chart to time your entry or exit strategy.

With index trading, it is all about the timing. You just want to know what the highest probability is for the next few minutes. Then you make your trade accordingly. If you have dependable data supporting your chart set ups, then you should take winning trades most of the time – Regardless of the fundamentals listed above!

By now you should know that what is happening right now in the market is controled by emotion. More correctly traders emotion. We can tune into that emotion with simple set ups, and go for a short ride. We might even get into a long ride, but we are going to set up protection that will help us no matter which way it goes. When the index moves against us, we will get out fairly quickly. When it moves in our favor, we will let it ride as long as we can.

Now, if you just enjoy doing all that market research, go ahead. However, we have taught hundreds of stock investors to trade the index (mostly mini Dow and the S&P Emini), and the majority of them never go back to stocks!

Another advantage of index trading is the lower funding requirement. Stock day traders will need at least $25,000 in their accounts (depending on how many trades they make), where index traders can get started for $2,000 or less!

Index trading also offers a lot better leverage that stocks. The emini indicies are comparable to the leverage of stock options, without all the headaches and limitations.

After the financial meltdown on Wall Street, I predict there will be MANY more investors looking at index trading as a Great alternative to stocks!

There is a amazing secret formula to succeeding in the world that not very many people are aware of…

Most people will tell you to do the opposite of what I’m about to reveal…

You see the thing is that success for starters is not what most people think it is, most people think that success is all about how much money you have in the bank or what car you drive, that’s what most people will obsess about and spend their entire life believing.

The surprising thing is that all self made millionaires will tell you that success is not about any of those things. Those that have real success tend to have external and internal success. Because everything is a direct reflection of everything else. The rest of the population fit into one of two categories.

Type 1)Thinks that success is all about what car you drive and how much money you have in the bank-even if the car is on lease and the money is from a loan! How ridiculous!

Type 2) Tries to convince themselves that they don’t care about money or want to drive a nice car, or have nice holidays and spends their entire life in survival mode being lazy and not bothering to further themselves and chase after their childhood dreams because they believe that that would be selfish or unrealistic. Flying planes, spaceships and electric light come to mind!

You must be the Type 1 Surely! I can almost hear you convincing yourself! Be honest with yourself are you a go getter who knows what they want and knows that they deserve it. Or are you someone who convinces themselves that money is about having material objects or that money isn’t important to them? You have to be brutally honest here;-)

Once you have become aware of which category you fall into you need to take steps to work out what got you delusional in the first place or give yourself a pat on the back if you’re a go getter!

So anyway, I’ll let you know what success really is so you don’t go crazy with all this suspense! Success is all about YOU. Now you’re probably even more confused! What I mean by that is success is something that happens to you when you build your value and find something that you’re passionate about and market it in a effective way.

Still confused?

A successful person is, technically speaking someone who is progressively realizing THEIR worthy ideal. Notice I said THEIR worthy ideal, not their dads or their partners…

You have to do a lot of work on yourself before you discover YOUR worthy ideal, because we can’t all love Global Resorts Network! If you don’t do this you could very easily as many people do end up chasing someone elses worthy ideal… and you definitely DON’T want that! Warning, many will tell you you do want what they want because they were too scared to go after their dreams themselves…

This is a brief breakdown of what a successful person has done to achieve their own worthy ideal:

1) They get in touch with their true nature through silence, meditation, painful life experiences, travelling or anything that helps you to clarify your focus in life, and then the dream or the desire whatever you would like to call it comes to them-normally whilst they’re awake!

Then one of these three things happen:

1)They ignore the dream and carry on in pathetic survival mode until they die wollop bang into the supermarket trolley an invisible miserable speck of dust that could have been a happy person wasted and gone.

2) They chase after the dream, and are flexible in their dogged pursuit of the dream,they persevere until they get it, because they are passionate enough to endure all the blood sweat and tears-hint this is what builds character… have you ever met someone that didn’t have any…. how successful or happy were they?

3) This is the worst one of all, they try for a while and they wimp out & quit, often when their dream was just around the next corner…

The message here is crystal clear, if you have a dream any dream, and you want it to become reality and not just be a dream in your head, you have to COMMIT to achieving it, that means that you stop at NOTHING until you achieve your goal, and you have faith that you will achieve it, this means not analyzing exactly when and how it’s going to come to fruition, just commiting to doing what it takes to get closer to it until you get it every single day:-)

Taking actions even if it has to be small ones each and every single day that get you closer to your dream is THE SECRET that everyone is looking for! They will be looking for a long long time!

If you believe in yourself, and have friends, even if it’s just one friend, that believes in you and your dream then you will achieve it, nothing has the power or the right to stop you except your beliefs and your perseverance. The ball’s in your court…

Here is the web definition for perseverance:perseverance per-se-ver-ence (Noun) Persistence in some thing undertaken in spite of difficulty or obstacles. Perseverance is a highly valued quality among successful people. Teach your children perseverance; and they will never fail because every apparent failure yields learning that leads to success.

And Remember what Napoleon Hill Said:

A WINNER NEVER QUITS AND A QUITTER NEVER WINS

SO GET OUT THERE:DREAM BELIEVE AND ACHIEVE:-)

YOU DESERVE THE ABSOLUTE BEST:-)