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The Forex market is vital to the general prosperity of the free world economy. Why? Some $1.5 trillion dollars worth of international currencies are bought and sold every single trading day.

It is by far the largest traded market in the world. This volume of trade is equivalent to over six months of trading in the New York Stock Exchange, which has an average daily volume of $10 billion dollars.

Even though the major focus in this country in reference to investing has always been and still is the stock and equity markets, the Forex market is 150 times larger than the New York Stock Exchange.

Frankly speaking, I was thinking about an article I read some time ago that 90% of traders who ever trade lose their account and that 10% actually go bankrupt. If the first number doesn’t scare you then the second definitely should.

Why is it then that there is such a large number of traders failing? It is not because they are stupid; in fact most traders have an above average IQ and are above average in most categories such as education and income. So why do they fail?

Lack of trading education!

By education I don’t just mean learning how RSI works or drawing lines on a chart. I mean thoroughly educating yourself in all aspects of your chosen profession. Educating yourself on the correct psychological approach to the market! Educating yourself in the correct risk management techniques relative to your account size. Educating yourself in the correct entry and exit methods for the trading style that suits you.

This, my friend, is where I hope to be of some help. I don’t have all the answers nor do I profess to be some kind of guru but I will do my best to point you in the right direction.

Common Misconceptions Of New Traders

1) They think they can trade consistently with an 80% accuracy.

2) They think they can turn $1000 into $100,000 in six months.

3) They think they can predict turning points in their given markets to within minutes.

4) They think they can buy a system that is 100% accurate.

5) They think they will quit their jobs and make a living full time after a few months of trading.

What’s the reason that so many new traders believe that trading is an easy way to make big profits? Propaganda!

We are continually bombarded in magazines, emails and the general media with claims of making astronomical amounts, just by applying the vendor’s latest method or system.

Don’t get me wrong, there is good stuff out there but the vast majority is not worth the price you pay. So, be careful.



By: Martin Chandra

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How to Stop Repossession – The Facts

The procedure to stop repossession is releatively straightforward. Repossession can be a scary and extremely stressful event. It can and does happen to anyone, for many reasons. Most of us know little or nothingabout the process involved, even fewer that repossessions can be stoppedin almost all cases.

In this report we will show you clearly the following things:

. What repossession means

. The step-by-step process you need to stop repossession

. What you can do at each stage to avoid losing your home

. How to stop repossession even if you are only days away from a court appearance

The Repossession Process and What Steps You Can Take To Avoid It.

If you miss or are behind with payments on your mortgage or any loan se-cured on your property then you are technically ‘in arrears’.

Once you are in arrears you are in danger of having your home repossessed if you do not act quickly.

Normally, lenders will wait for two payments to be missed before taking serious action.

Repossession proceedings can occur because your mortgage lender or loanprovider, as part of the contract you have with them, has the right to take backcontrol of the property and sell it to recover any arrears and outstanding balances due.

However, this is the last resort for the lender and there are several stages where you have the opportunity to prevent this from happening.

Stage 1 Lender chases for missed payments.

Normally the ?rst thing that happens is that your lender or lenders will con-tact you in writing or by telephone to chase for missed payments.

Action Point:

Talk to your lender. Inform them of your situation and try to reach an agreement with them so that you can make additional monthly payments to pay off the arrears over a period of time. Make notes about any conversations you have (including date, time,who you spoke to and the outcome of the conversation) and get details of any agreements reached sent to you in writing (such as a new schedule of payments and anyconditions).

Stage 2 The Lender’s Solicitors Contact You Directly

If the arrears remain unpaid for anything from 3 months or more, yourlender will usually refer your case to their solicitors to deal with.

The solicitors representing the lender will write to you and demand full payment of all missed payments.

They will inform you that failure to make these payments and bring youraccount back up to date could result in repossession of your property.

Action Point:

Talk to the solicitors and follow the same process as above. The aim is to reach an agreement to stop repossession on how you can catch up with the missed payments over a period of timein addition to meeting the regular monthly payment. Again, make notes about any conversations you have (including date, time, who you spoke to and the outcome ofthe conversation) and get details of any agreements reached sent to you in writing(such as a new schedule of payments and any conditions).

Stage 3 Repossession Proceedings

Timings may vary, but normally after 4-6 months or more of arrears the lender’s Solicitors will issue Repossession Proceedings with the CountyCourt.

Once the court has received this instruction, a hearing date will be set.

Action Point: Make sure you :-

. Complete and return the Court summons.

. Complete the reply form received from the Court stating your intentions e.g. thatyou wish to remain at the property.

. Include as much detail as possible about your income and outgoings as thecourt will require evidence that you can meet the current monthly installment and anamount towards the arrears.

For the full text of this article and a free solution to stop repossession visit http://www.cashformyhouse.co.uk/repossession.html



By: Scott Brian

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Do you ever wonder where your money goes every month? Does it sometimes seem as though you cannot afford to do things because your financial obligations are holding you back? If you find that you are asking yourself these sorts of questions, perhaps you should take a look at your financial situation and assess whether you are practicing good personal finance management or not. Good personal finance management spends within their income, plan for the future and solve financial problems as they arise. Poor personal finance management pay more, do without and fall behind. If you find yourself in the second category, you can do something about it. You can learn to take charge of your finances by planning your personal finances.

Planning your personal finances doesn’t always come naturally, and even if you’re just beginning to take your financial matters seriously, then you likely need a few personal finance tips.

Evaluate your current financial situation. One of the most important goals for most people is financial independence. Collect accurate information about your personal financial situation. Calculate your net worth which includes the real estate, saving and retirement accounts, and all other assets. This will help you decide how much money you can set aside for meeting future needs and goals.

A basic personal finance tip is to make a budget. A personal finance budget is information made up of your income and expenses and the more accurate this information is, the more likely you are be able to meet your goals and realize your dreams. A personal finance budget should be made for at most one year at a time and include a list of your monthly expenses.

All expenses must be included. To be sure of that go through all your paid bills, check register and credit card receipts to find expenditures that recure every month and expenditures that happen less frequently. Personal finance budgeting requires some small sacrifices. To be able to make good personal financial decisions and set priorities, you must know where your money is actually going. Start your budget and accomplish your goals.

Get an electronic bill pay. This is a very convenient way to pay your bills. You pay them electronically, by direct withdrawal from your bank account. The transaction is processed immediately. You can even link your bill pay service to your personal finance budget, so that your expenditures are automatically entered in the appropriate category. Personal financial management can be really easy.

Make an investment and finance plan. Now that the fundamental state of your personal financial security has been established, the time has come for the more prosperous part of your personal financial life. You need to make a personal finance plan of what you really want in life that money can buy. Your personal financial plan can be as simple or as detailed as you want it to be. Find out how to finally start to implement this plan and get the money to finance it. This is the long term part of your financial. This journey is the most interesting and exciting part of personal financing you can have toward financial freedom.

You can prepare for a secure personal financial future by following these simple tips. When you take control with your money, you don’t have to worry about debt taking control of you.



By: Oyvind Hennum

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