The 1st Pillar: An Attitude of Gratitude
Central to financial freedom is sincere spirit of thankfulness to God for every big and small blessing of gratitude comes the natural, joyful overflow of sharing with your community, church and worthwhile endeavors around the world.

The 2nd Pillar: A Commitment To Health & Vitality
Good health is vital (a) to help avoid big medical expenses down the road and (b) to the fitness, energy, and vitality you will want in order to truly enjoy an active, fulfilling life style.

The 3rd Pillar: Freedom From Debt
Break and stay free of those Buy Now, Pay Forever habits that rob your future as you pay for your past. When you get rid of consumer debt for good, you’re liberating thousands of dollars that you can set aside for your future.

The 4th Pillar: Disciplined Savings
As your consumer-debt load lightens, you’ll be able to direct more dollars towards savings for the future. Some of that money should fund a contingency reserve of two to six months’ living expenses to help handle life’s surprises. Your major savings commitment, however, should be for the long term—so you’ll be financially free as you enter your retirement years.

The 5th Pillar: Investing For Growth
Even the most diligent savers will cheat themselves if they leave all their funds in “safe” places such as bank accounts or certificates of deposit. For long-term retirement savings, put your money to work more aggressively in investments averaging 10 to 12 percent or better annually. You’ll be pleasantly surprised at the results over time!

The 6th Pillar: Asset Protection
Invest a few dollars now for some “safety nets” to guard against losing what you’re working so hard to build. These include important insurance coverages such as adequate life, health, auto, homeowners/renters, and liability coverage. (Warning: Some policies are excellent values while others are wastes of good money. Choose carefully.)

The 7th Pillar: MAKING YOUR MONEY LAST
As adults grow older their most prevalent financial fear is: “Will I have enough to ‘make it’ when I retire? Will I have to move in with my children or depend on the government?” We don’t want to merely “survive” financially—we want to thrive! By combining smart planning, savvy investment choices, and systematic withdrawals of funds, we can have all the money we need for as long as we’ll need it.

The New Retirement by Dan Benson
The New Retirement How To Secure Financial Freedom And Live Out Your Dreams
PLAN B Ardyss

Markets tend to react to the outside events. Markets react to the seasons. Markets react to holidays. Markets react to political crisis. Markets are what the people are thinking. The day before the Presidents day is the worst day and the day after the Easter is the worst day after. However, you should keep in mind that a lot of other factors also come into play and you have a lot of room for error. The next best holiday bets are the Labor Day and the Memorial Day because they fall before the first day of trading in September and June respectively.

The best time of the year to own stocks is the Santa Claus rally which for all practical purposes is the 17 day stretch from December 21 to January 7. This is the best time of the year. Most of the folks usually feel fairly good about themselves around this time of the year.

There is a low trading volume which tends to exaggerate the trend. If the economy is not doing good and is slowing down, FED tends to lower interest rates during holidays in order to go into the new year with less of a worry. However, when you are dealing with seasonality, you should keep these facts in your mind:

1) The market is not longer static. Money has no borders now. With one mouse click money is transferred from one locality to another. The seasonal effect may get interrupted by other events. More and more people have real time access to information and larger amounts of capital than at any time in the past.

2) Institutional investors like mutual funds, hedge funds and insurance companies have become important players in the markets. So in case of an event free environment, seasonal tendencies may hold up fairly well. At the end of the year, institutional investors want to make their results look as good as possible to their shareholders and tend to buy the stocks and so on.

3) The days of long term investing or what you call buy and hold are dead! Frequent market crashes have taught the investing public that investing for the long term is fairly risky. So there is more short term trading going on. These are the times for day traders and swing traders. With fewer people willing to hold stocks for longer periods, it is very difficult to predict seasonality.

4) A lot will be written about the recent stock market crash. What were the actual causes of the recent stock market crash? Why so many big banks went belly up in matter of days. What was so special that made this liquidity problem contagious with banks all over the world? The recent market crash was the result of CMO and Default Swaps bringing down the banks and Insurance companies in ways that had not been anticipated or foreseen by the analysts. Many had assumed that derivate securities are safe. Infact they have highly unpredictable tendencies. Derivates and outside the market trading activities can result in highly unpredictable patterns.

Many things are changing. The world is always changing. There is a change in demographics also taking place. With the aging of the population, the overall trend will be towards more income producing investments. So with everyone talking about the seasonal tendencies in the market, it reliability becomes less diminished.

Mr. Ahmad Hassam is a Harvard University Graduate. Try This 1500 Pips A Day Forex Signal Service! Know These Candlestick Patterns! Get a totally unique version of this article from our article submission service

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Have you ever received the dreaded forex margin call? But contrary to the popular opinion that a margin call represents that worst case scenario for the currency trader, this is far from the truth. The risk that is assumed when trading aggressively the currency markets often results in receiving a margin call. The worst case could be far worse.

A margin call is in fact a safeguard to protect a trader from losing 100% or even more of the money in the trading account. To owe additional funds to the broker is actually the worse case scenario. This uncomfortable position is largely avoided because of the existence of the margin call.

You will receive an actual call from your stock broker to add more funds to your margin account when equity is running low in your stock trading account. Unlike the world of stock trading, a margin call is not actually a physical call from your broker in forex trading.

In forex trading when the trader no longer has enough equity in the trading account to keep the open positions viable, the trading platform software automatically closes out all the open positions and immediately realizes all losses at the prevailing market rates.

There are good reasons for automated margin calls in forex trading, although this may seem a bit cold hearted. Prices can move extremely fast in forex markets and because of the high leverage used, every price move is magnified.

Therefore, when the traders equity runs low, the trading account can become depleted very quickly with not enough time to call for more funds. As a safeguard measure, the forex margin call closes all open positions to help ensure that the trader does not lose the entire account or worse.

So exactly when is a margin call triggered? This depends exactly on the number and the size of the lots being traded, the leverage chosen and the equity in the account. For example, you have $1500 in your trading account. You use a leverage of 100:1 to trade in standard lots of $100,000.

You want to trade one lot of EUR/USD. Since your account is in US Dollars, you need to convert it into Euros. Suppose the EUR/USD exchange rate is 1.3465. So you need $1346 to trade standard lot Euros 100,000 of EUR/USD. This is because Euros 1000 are needed to control Euros 100,000.

Suppose you are very new and dont know about stop losses, you start trading without putting stop losses in place. Your trading account has $1500. The margin required to keep the trade open is $1346. Each pip is exactly equal to $10 in this case.

You will receive a margin call when your equity drops below $1346 and your open position will be automatically closed at this point. That means once you lose the excess equity in your account above the margin required to trade a standard lot that is $1500-$1346= $154. This is equal to 15.4 pips loss (assuming no spread).

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Try 1500 Pips a day Forex Signals. Discover a revolutionary Forex Robot Trading System!

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Before the coming of Euro, it was necessary to hold large amounts of every individual European currency. As a result the currency reserves tended towards US Dollar. In 1990s, 65% of the global reserves were in US Dollar.

However, with the introduction of Euro, foreign reserve assets are shifting in favor of Euro. As EU becomes one of the major trading partners for most countries around the world, this trend is expected to continue.

The European Central Bank: The European Central Bank (ECB) is the governing body that determines the monetary policy for the EMU countries. The Executive Board of ECB comprises the president, the vice president and four other members. These individuals along with the governors of the member national banks comprise the Governing Council. The Executive Board implements the policies made by the Governing Council.

The policy meetings are biweekly. Although ECB meets biweekly and has the power to change the monetary policy in any of these meeting, it is only expected to do so where an official press conference is scheduled afterwards. New monetary policy decisions are usually taken by a majority vote. The president has the deciding vote in the event of a tie. These policy meeting are very important to watch for professional currency traders as most of the decisions announced in these meetings impact the Euro.

ECB heavily depends on the individual central banks in the implementation of its policies. ECB has a strict mandate based on inflation and deficit. ECB tries to keep the Harmonized Index of Consumer Prices (HICP) below 2% and M3 (money supply) annual growth below 4.5%. So, the EMUs primary objective is price stability and growth.

The ECB and the European System of Central Banks (ESCB) are independent institutions from both national governments and other EU institutions. This operational independence is granted to them as per Article 108 of the Maastricht Treaty.

There are many factors that have to be taken into consideration while setting the targets for inflation and growth. There was EMU criteria that were used as a precondition for any EU member state joining the EMU. How ECB achieves its policy targets of price stability and growth? The primary tools the ECB uses to control monetary policy are the Open Market Operations. ECB has at is disposal four categories of open market operations that it can use to manage interest rates, control liquidity and signal monetary policy stance.

Bulk of refinancing for the financial sector is done through these main refinancing operations. These refinancing operations are conducted weekly with a maturity of two weeks. These operations are regular liquidity providing reverse transactions.

Longer term refinancing operations are liquidity providing reverse transactions with a monthly frequency and a maturity of three months. Fine tuning operations are executed on an ad hoc basis with the aim of both managing the liquidity situation in the market and steering interest rates.

ECB uses structural operations to adjust the structural position of the Eurosystem vis–vis the financial sector. It involves the issuance of debt certificates, reverse transactions and outright transactions. The ECB minimum bid rate is the key policy target for the ECB. It is the level of borrowing that ECB offers to the central banks of its member states.

ECB is not constrained from intervening in the forex markets if it believes that inflation is of concern. Therefore, ECB does not usually have the exchange rate target but can factor in exchange rates in its policy deliberations as exchange rate impacts price stability.

Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading stocks and currencies. Try Strignano’s Forex Signals free. Discover a revolutionary Forex Robot Trading System!

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The first step is to identify the type of trade into which we will enter. It all depends on your trading strategies. What matters most to a trader or an investor is how to create a positive cash flow.

Is it a day trade? Is it a swing trade or is it a long term positions trade? Once we acknowledge what our goals and objective are than we can narrow our expectations.

Suppose I am a day trader. My expectations are for X amount of a given range. I will expect that if I miss 20% of the bottom and 20% of the top then I can expect to capture 60% of the average daily range. I will generally be able to identify what the average range for the day is.

First I will have to structure my computer and charts to a format that is conducive to day trading. So how do I start? How many pips you want to make in a specific time frame like eight to six bars from entry? 30 pips or 40 pips!

Use the 15 minute time frame for the dominant trend if you trade Euro, Yen or Pound, then for day trading. Use the 5 minute time frame to exit a position in day trading. Use the 5 minute time frame as a shorter time frame trigger to go with the 15 minute signal.

How do you make your entry and exit decisions in day trading. First look at the 15 minutes chart than take a look at the 5 minutes chart to make your trading decision. The key to remember is when the 15 minute time period is in the buy mode, take the 5 minute buy signals. Similarly when the 15 minute time period is in sell mode, take the 5 minute sell signals.

If you are in a trade based on the 15 minute and the 5 minute time periods, these are the time frames you need to monitor for that specific trade. However as a day trader you can watch the 60 minute time period.

Keep in mind your profit targets and where you are in the range. Keeping an eye on the 60 minute time period will help you identify the current trend and a potential change in the trend if a moving average crossover occurs.

If the Euro is already down 50 pips when a sell signal is triggered, the odds are that your profit potential is in the range of suppose 30 pips or less if the average true range (ATR) is 80 pips based on the past 14 trading days. How do you calculate these things?

You will have to subscribe to a good forex charting service. Free forex charts do not go into very fine details that you need to look into when making your trading decisions. Using good forex charting software will help you automatically calculate all the daily, weekly, monthly pivot points as well as the daily range, support and resistance, S-1, R-1 and other stuff.

You should learn how to calculate pivot points. Using pivot points in day trading can give you an edge. For day trading use the 60 minute time period for calculating the monthly pivot points, 15 minutes time frame for calculating the weekly pivot points and the 5 minute time frame for calculating the daily pivot points.

Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading stocks and currencies. Try Strignano’s Forex Signals free. Discover a revolutionary Forex Robot Trading System!

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EUR/USD is the most liquid and the most popular currency pair among the forex traders. Trading currencies can be exciting and lucrative. Its a great market because of the way politics affect the trends. Elections, strikes, and sudden developments, both good and bad, can lead to significant trading profits if you stand ready to trade the euro is a convenient currency because it encompasses the policies and the economic activity and political environment of a volatile but predictable part of the world: Europe. EUR/USD is the most heavily traded currency pair in the global currency markets at the moment.

In the United States, where the free-market approach and a usually vigilant Federal Reserve make more frequent adjustments on interest rates. France, Italy, and Germany, the largest members of the European Union (EU), normally operate under high budget deficits and tend to keep their interest rates more stable.

The general tendency of the Fed is to make the dollar trend for very long periods of time in one general direction. Aside from the technical analysis, here are some general tendencies of the euro on which you need to keep tabs:

1) As said before most central banks in the world have a strict agenda to fight inflation. Given Germanys history of hyperinflation in the first half of the 20th century and the repercussions of that period, namely the rise of Hitler, the European Central Bank (ECB) is almost fanatical about inflation. That means that the European Central Bank most of the times raises interest rates more easily than it lowers them. However, right now keeping in view the severe global recession, ECB has lowered the interest rates drastically to stimulate economic activity across the Eurozone.

2) EUR/USD pair is affected by what is happening politically and economically both in Europe and the US. The European Central Banks actions become important when all other factors are equal, meaning politics are equally stable or unstable in the United States and Europe, and the two economies are growing. For example, if the U.S. economy is slowing down, money slowly starts to drift away from the dollar. In the past that meant money would move toward the Japanese yen; however, because the market knows that Japans central bank will sell yen, the default currency when the dollar weakens is often now the euro.

3) EUR/USD currency pair is heavily influenced by the political developments in the Eurozone. The flip side is that the market becomes jittery and often sells the euro during political problems in the region, especially when the European economy is slowing. These types of trends are minor in nature and tend to wither out with the calming of the political situations. However, day trader and the swing traders want to benefit from these minor trends. These minor trends can be highly profitable.

As a word of caution, its okay to form an opinion and have some expectations, but the final and only truth that should make you trade is what the charts are showing you. Candlestick charting is one way to read the markets. There are many candlestick patterns that are used to signal trend reversals or change in the market behavior. The more proficient you become in reading candlestick charts the more profitable your trades would be. As usual, you want to closely monitor major currencies and the cross rates. The direction that counts is the one in which the market is heading. Candlestick charts are a good way to read the direction in which the markets are heading.

It is always best to choose only two or three currency pairs and become a specialist in them. Two currency pairs that I would recommend for you are the EUR/USD and the GBP/USD. Both these currency pairs are highly liquid and very popular among the currency traders. Fundamental analysis can help you determine the strong/weak currency pair. Use fundamental analysis to determine if USD is expected to lose value and EUR is expected to gain more strength that means that the currency pair EUR/USD is perfectly timed for swing trading. Use technical analysis to make the entry and exit decision. Combining fundamental analysis with the technical analysis can give you the edge as a forex trader. Sometimes there is a fundamental shift in the direction of a currency pair. As long as you are not following a currency pair like EUR/USD on the daily basis, you wont be able to understand what is happening.

Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading stocks and currencies. Try These 1500 Pips A Day Forex Signals From Heaven. Know Forex Rebellion!

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What matters most to a trader or an investor is how to create a positive cash flow. It all depends on your trading strategies. The first step is to identify the type of trade into which we will enter.

It all depends on the profit targets that you want to achieve. Once we acknowledge what our goals and objective are than we can narrow our expectations. Is it a day trade? Is it a swing trade or is it a long term positions trade? Day trading has a different profit potential than swing trading. Both are different trading styles. Day trading requires a lot of active participation on your part. In swing trading, when you set up your trade, you can monitor it once a day.

Suppose I am a day trader. My expectations are for X amount of a given range. I will expect that if I miss 20% of the bottom and 20% of the top then I can expect to capture 60% of the average daily range. I will generally be able to identify what the average range for the day is.

First I will have to structure my computer and charts to a format that is conducive to day trading. So how do I start? How many pips you want to make in a specific time frame like eight to six bars from entry? 30 pips or 40 pips!

Use the 15 minute time frame for the dominant trend if you trade Euro, Yen or Pound, then for day trading. Use the 5 minute time frame to exit a position in day trading. Use the 5 minute time frame as a shorter time frame trigger to go with the 15 minute signal.

How do you make your entry and exit decisions in day trading. First look at the 15 minutes chart than take a look at the 5 minutes chart to make your trading decision. The key to remember is when the 15 minute time period is in the buy mode, take the 5 minute buy signals. Similarly when the 15 minute time period is in sell mode, take the 5 minute sell signals.

The most important time frames for a day trader are the 5 minutes and the 15 minutes. If you are in a trade based on the 15 minute and the 5 minute time periods, these are the time frames you need to monitor for that specific trade. However as a day trader you can watch the 60 minute time period.

Keeping an eye on the 60 minute time period will help you identify the current trend and a potential change in the trend if a moving average crossover occurs. Keep in mind your profit targets and where you are in range.

If the Euro is already down 50 pips when a sell signal is triggered, the odds are that your profit potential is in the range of suppose 30 pips or less if the average true range (ATR) is 80 pips based on the past 14 trading days. How do you calculate these things?

You will have to subscribe to a good forex charting service. Free forex charts do not go into very fine details that you need to look into when making your trading decisions. Using good forex charting software will help you automatically calculate all the daily, weekly, monthly pivot points as well as the daily range, support and resistance, S-1, R-1 and other stuff.

For day trading use the 60 minute time period for calculating the monthly pivot points, 15 minutes time frame for calculating the weekly pivot points and the 5 minute time frame for calculating the daily pivot points.

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