10 Golden Rules Of Investing

Rule 1: Bulls, Bears Make Money, Pigs Get Slaughtered

You must know that as a trader you must not become greed. Profit is profit. Investors and traders need to know when to buy and sell and make money from the stock market. Failure to do this, could result in a massive losses or consistent mistakes which would be catastrophic to your account.

Rule 2: It Is Good To Pay Taxes

Never be afraid from paying your taxes and start fearing the loss. You need to take care of business, each month, and as you become more successful and bring in more profits what is your next set of plans.

Rule 3: Don’t Buy All At Once

Legendary investors such as Warren Buffet said that “Do not put all eggs in one basket”. This is probably some of the smartest advice we have ever seen.

Rule 4: Buy Broken Stocks, Never Buy Broken Companies

When you are trading, realise you are never ever going to get a refund, or hand-me-backs, so be sure to make your own research count and buy undervalued stocks, not the broken companies.

Rule 5: Ensure you Diversify Your Portfolio & Manage Risk

Of all the golden rules this is the most important. When you are investing for the long haul, and want to become successful. You are going to have to assess your trading account, and diversification of your stock portfolio so that you can control the risk and manage your profits each month.

Rule 6: Be sure to do Your Stock Homework

Make sure, that before you purchase any stock, be sure that you already have done your due diligence, and researched that particular stock. Investors who are just jumping into stocks blindfolded are begging to lose money left, and right. This is called, crybaby investing. Which means, they invest today, without any research today, and cry tomorrow, when they witness huge losses. You have no one to blame but yourself. Spend a few hours investing a company, or ask your stock broker to do it for you. It can pay you more than dividends if you do this. People that put $100 on Bitcoin a few years ago, have been made into millionaires.

Rule 7: Never panic!

Be sure to control your emotion when you are trading. Never panic, or get emotional. Those sorts of traders always end up on the scrap heap. So be sure to meditate each day, make informed decisions and not only will you have sound mind, but you will enjoy your trading much more.

Rule 8: Blue-Chip Companies are great. Stick with the leaders.

Warren Buffett once said, �smart investors always go with the leaders and not the laggards�. All this means, is that you should buy the giant companies because it gives you a peace of mind when you do investing. Buying penny stocks or new stocks on the market, thinking you will become a millionaire in a week, is very bad thinking. Larger companies are less prone to drops, crashes, and everything in between. Sometimes small companies will be halted for months or years before you can get access to your money again.

Rule 9: Defend some of your Stocks.

When you are trading a stock, pick your best and favorite stock and focus on that stock. Once you become familiar with how a stock trades in the morning or afternoon, or a certain time of the month, this is like having an ATM Machine in your pocket. Some of the smartest traders in the world will use this strategy and know it works. It’s a great way to bring in guaranteed income 24 hours a day.

Rule 10: Never Trade for the sake of making a Trade.

The last rule is simple. Never make a trade just because you have no positions on the market. That could be dangerous and put your account at risk. Some of the smartest investors say that sometimes you have to sit on your hands, and wait for that perfect opportunity. This is so true. It might sound silly, but sometimes the best trade you make is sitting on the sidelines not investing. You will always see that sad, and upset trader who feels they have to be in the market every day. That is the sad reality and the mentality of traders who always lose. To be a good trader you have to learn patience and self-control.

Requirement Of Currency Exchange

1. Currency : Currency is the generally accepted form of money. That includes coins and paper notes, and issued by the government and circulate with in the economy.
2. History of Currency : History of Currency related to the medium of physical transaction Money is any clearly identifiable object of value that is generally accepted as payment for goods and services and repayment of debts within a market or which is legal tender within a country. Exchange without money is like a Barter system in which goods and services are directly exchanged with other goods and services, without using money i.e, Ultimately a medium of exchange. But there are some limitation of Barter system. In terms of its inefficiencies in facilitating exchange in comparison to money.
For barter to occur between two parties, both parties need to have what the other wants.
Without money it is difficult to measure the value of goods and services.
Lack of standards for deferred goods and services.

When money is established as a medium of any transaction or exchange , peoples are able to calculate the value of goods and services in terms of money.
Thus, money becomes a unit of account. The value of a particular commodity in terms of money may depend on the demand and supply or global presence of that particular Product or commodity. The development of the economy depends upon its per capita income, import and export, current account deficit, GDP, fiscal deficit. With the help of globalization and liberalization it is easier to assure his presence in a global market, through which product and services can be traded or exchange in a global market. That will provide a wide market place for the transaction of good services and will have an economic benefit to exporting countries. The development of an economy is highly affected by its import and export, if the imoprt is less and export is high that would be a financial benefit for an economy in terms of foreign currency and vice versa. Overall growth of an economy will depend upon the import and export through which foreign currency reserve can be maintained.

Why currency Exchange : Cost of export and import depend upon the value of currency.
Like a US dollar is globally accepted currency. For any international transaction , mode of payment would be a dollar. Suppose if an indian trader export some goods to the USA, here the mode of payment would be USD. In same case if trader imports some goods from USA . The amount he has to pay in dollars, he will exchange the local currency to dollar. Thus, without a currency exchange it would be difficult to trade internationally for any transaction of goods & services. We can say that the valuation of currency will depend upon the demand & supply of specific currency.
Like a share market tips in cash, commodity, future and option a individual can also recieve a recommondation in currency market. When he is expecting to invest in currency derivative that is a finencial instrument to invest in currency derivative.

The Basics Of Using Forex Price Charts

They can be used by traders to compare historical data on currency rates and make edu-cated future forecasts on the movement of currency pairs. Despite its importance, the most frequently asked question is usually about the best software which charts forex movement.
Unfortunately, there is no easy answer available. Every forex trader employs a unique trading style. Hence, everyone has their unique workflow or tools which help them in identify-ing the optimal trade opportunities at any given time.
Advantages of Using Forex Price Charts
As mentioned above, there are several types of charts which suit particular workflows or trad-ing styles. Some of the advantages which can be attained by using them are as follows:
1.The provide a realistic visualisation of the global forex market environment in real time.
2.Various market patterns and behaviour can be identified by utilizing them.
3.Forex market analysis of a technical or fundamental nature can only be done with price charts as they are considered as the primary tools for such a task.
Some technical analysts focus on the occurrence of events and patterns of price changes which are already known. On the other hand, fundamental market analysts focus on making connec-tions between price trends and macro events. These macro events can be sudden political changes or wide-ranging economic policies.
Utilizing Forex Price Charts
Any trader should be aware of some crucial concepts to make the most of price charts.
1.A solid understanding of support and resistance in relation to price movement is necessary for accurate analysis.
2.Need to be familiar with the patterns or market indicators which hint at a hold or break in the price level.
A trader can come up with a winning trading strategy very quickly once she/he is able to mas-ter these 2 concepts. To learn them quickly and efficiently, a trader should join a professional service which provides real time charts. These charts will include indicators as well as market analysis.
Various Price Charts Used
1.Line Charts: They are simple charts which focus on closing exchange rates for every trade period. They can easily chart support and resistance levels for various currency levels.
2.Candlestick Charts: They are the most popular charts in use right now. One can get a detailed picture of the market on a particular day in an easily understandable form. They display ex-change rates (opening/closing and high/low) for any point in time. The colour and length of the candles represent price movement and the price range for a specific time period respectively.
3.Point & Figure Charts: They are based on currency prices, but do not show the concept of time in a linear fashion.

Silver And Gold

The Illusion of Explanatory Depth
For years I have calmly, patiently, and for the most part rationally, listened to friends, family, patients, and colleagues grapple with the notion of precious metals.
The majority understand the basic reasons why some portion of portfolio allocation is necessary or prudent, but very few have (or will) taken action.
Often, people are shocked that I would be interested in the matter to begin with. I think subconsciously people understand to be a �Doctor� is to be a teacher, but on the surface most people find it odd and uncomfortable to accept my interest and quest in something that rarely occurs to them.
Occasionally, there will be debate. I don’t necessarily look for them. Experience with humans of all ages and from all walks of life has afforded me a healthy dose of humility. But I’m happy and proud to go as far as anyone would like about money, finance and especially silver.
No matter how tempting it is, no matter how strong the need is to be right and to feel vindicated, it is normally fruitless. I don’t know where I first heard it, but one of my favorite expressions has become:
�I can explain it to you, but I can’t understand it for you.�
Understanding requires a shift. One that, I feel myself almost cringing to admit, involves emotional intelligence. This goes against all rational logic.
Most people are polite. And I’ll admit to a tendency for avoiding conflict �” especially given the context in which many of these (potential) debates typically arise.
I came across the following article by accident some time back. It immediately resonated with my own experience in wrestling with my own beliefs, but also the beliefs, world views, and opinions of people I care about.
And collectively speaking, the opinions and views of anyone with a pulse who cares about financial safety, justice, and wealth.
You are, I’m afraid to say, mistaken. The position you are taking makes no logical sense. Just listen up and I’ll be more than happy to elaborate on the many, many reasons why I’m right and you are wrong. Are you feeling ready to be convinced?
Whether the subject is climate engineering, the Middle East or forthcoming holiday plans, this is the approach many of us adopt when we try to convince others to change their minds. It’s also an approach that, more often than not, leads to the person on the receiving end hardening their existing position.
(Ed. For the subject of money and wealth, at the root lies the fear of loss � more powerful than the want of profit. People will do anything, and convince themselves of practically anything, to avoid loss.)
Fortunately, research suggests there is a better way � one that involves more listening and less trying to bludgeon your opponent into submission.

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