5 Tips For Successful Trading

There are lots of people who aspire to become profitable traders in today's market environment.  Many people who come to trade stocks, options, and other securities are attracted to the potential of making a lot of money but, often, aren't aware of what it takes to be able to make money consistently, position yourself to make windfall profits, and all the while doing this while protecting your account from excessive and/or unnecessary losses.

The good news is that there is a wealth of resources to help you but the bad news is that often a beginning trader doesn't know where to start.  It is the focus of this article to give you direction on what areas to focus your efforts into in order to improve and trade successfully.

The first step is to focus on is learning the language of the industry.  Learn what a stop limit order is or what a "handle" means and how they relate to your trading.  If you run into a term that you don't understand, just Google it, then study the meaning. It is extremely hard for you to know what an article is saying or a veteran trader is talking about if you don't know the basic terms of stock orders, option definitions, or how the futures market works if you ever hope to trade them.

The second step is to learn is how to read price action.  Price action is basically the language of a stock or a given market.  It tells you what the stock or market has done and is likely to do again.  Know how to read trends on a chart.  Is the stock in a long term bullish trend?  Are oil prices in an intermediate bear market?  Is there evidence of a possible trend change in oil futures from an intermediate bear market to a long term bull market?  Learn how to read price action and it will make you rich.

The third step to successful trading is learning how to control your risk.  Almost every successful trader that has survived long term and made money long term knows how to control his risk to the markets.  There was once a professional hedge fund manager that was short the German mark when the Berlin Wall came down but survived to make record returns on his funds that year.  The same trader was long the Dow futures when the 9-11 terrorist attacks happened and went on to beat  the returns on the S&P 500 that year.  Learn how to assess and control risk and you will increase your odds in becoming a master trader.

The fourth step is having an "edge" when you trade.  An edge in trading is anything that gives you an advantage in trading.  The more edges you can have, the better chances you have to make outstanding profits.  An edge can be superior chart reading skills, successful stock selection, money management, etc.  Most of the very famous and successful stock traders that use the 3 edges mentioned above to make a lot of money in very short periods of time.  Study the great traders and you will get a glimpse of the edges they use to become trading legends.

The fifth step is having mental discipline and emotional balance.  Most of trading is mental.  You can give two traders the same exact trading system for stocks, futures, or options but, invariably, they will end up with different results.  Why?  There mental and emotional states may not support them in being successful with the system they were given.  One trader may experience nervousness and anxiety which causes him to exit his trades too early, hesitate in taking entry signals, or taking profits too early and missing the big moves.  The other trader may have the discipline and control to take each trade as it comes with no other focus other than to follow the system as it should knowing that the losses he may experience are just part of the game and that he will make his greatest profits over time using this system.  Learn how to use your mental discipline and emotional control to support you in becoming a successful trader and not work against you.

These five steps that have been outlined will go a long way in helping you become more skillful and profitable.  In time, you may want to come back and begin with the "basics" of this lesson to keep your focus and help you stay on the path of being the best trader that you can be.

Good trading.

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No Cold Soup At Your Retirement

All retirees pray that they will have enough cash to see them comfortably through their retirement years. The alternative is obviously more ominous - that they will outlive the comfort of their savings.  The truth that most baby boomers have yet to comprehend that even through they will have their parents savings and life insurance plans to live off of we are living longer. Baby boomers will need to carry themselves on their retirement savings many times longer than life span that actuaries used in their precious calculations.

The magic retirement age of 65 was historically chosen not arbitrarily by the German Kaiser in the introduction of the first pension plans as this at the time was the average life span of most male workers. As most baby boomers know and anticipate modern medicine and conveniences have pushed that envelope. You may like it or not before your retirement savings anticipated a 10 year payout period. Now it may be closer to 25 to 30 years.

The thought of having to lower their standards of living and giving up some luxuries to make end meet is for many people, the most worrying aspect of their leisure years. Often, though, the imagined fears are exaggerated. It is often said that 99 % of the things you fear will never come to pass. But why chance it. The basic rule is that by not planning and leaving things to the last moment severely limits your options and causes unnecessary stress and worry.

The good news is that those who planned their finances carefully during their working years will adjust with ease, and their retirement years can be the most enjoyable years of their existence.

Part of the secret knows to manage one's savings in retirement.  Basically today's workers are looking at two choices. They can work longer so that they can spend more or they can retire sooner and spend less. Another option is to do a bit of both and reduce your workload and in effect semi-retire. By planning ahead you may well have more than one option.

Taking early retirement before your pension begins offers a number of options. You can downsize your house to free up some of your tax free holdings and live on that pool of cash. This is especially a valuable option now with low interest rates drive large increases in the value of real estate and as well creating a frenzy of buyers willing to snap up your property. If the retiree has profited from company stock options they can use these to bridge them over until the time their company pension plan kicks in. Or they can withdraw from their EFP if allowed or withdraw from their savings.

Managing one's investments does not stop at retirement. Individual income, needs and expenditures will vary, but when liquidating investments a tax efficiency strategy will conserve more of your hard earned investment dollars.

If you are not to be dictated by your tax bracket you should keep foremost in your mind when you are trying to figure out strategies. The goal is not how much you make; it is how you much you keep. The same of course is true when cashing in investment vehicles. You always have to be conscious of the tax consequences.

Much of retirement planning strategy depends on the difference between the two tax brackets at the time if investing during your tax earning years compared to your tax bracket during withdrawal in your retirement years.

Remember those that those that fail to plan ahead will plan to fail.

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Opportunities In Iskandar For Malaysians

Certainly, the Iskandar Special Northern Development Corridor is fast becoming very popular among overseas investors.

Since its introduction in 2006, the Malaysian authorities made a lot of effort to draw rich overseas investors, specifically those coming from Singapore to invest in Iskandar by providing excellent tax along with other rewards.

To date, not only are Singaporeans making an investment, but investors from China, Taiwan, Japan, Europe and the United States are also coming by the legions to look at the excellent investment prospects in Iskandar.

There are lots of logic behind why Iskandar is a very desirable investment decision for foreign investors.

1) Low-priced Land

If there is one single thing in existence within the Iskandar Region in abundance, it has to be land - untouched land that the authorities has categorized as freehold. With land turning out to be incredibly rare and much more pricey in Singapore, it’s a good idea for Singaporean firms to spread out to Iskandar which happens to be merely over the Straits of Tebrau rather than to some other areas such as China. More and more Singaporeans have also been buying vacation or weekend residences in Iskandar also. Once again, it’s a good idea since they could get a landed property in Iskandar when it is very hard to purchase a low priced HDB flat in Singapore.

2) Affordable Work Force

There is unquestionably a lot of talents in Iskandar. Organizations enjoy the privilege of selecting within the local talent at a very inexpensive cost. The local talent has got the skills and know-how that is certainly equivalent to Singaporeans at the same time. Many of them are actually educated in  Singapore. And when there exist any kind of work which snobbish Singaporeans regard as beneath them to perform, for example manual labor and odd jobs, well there are numerous individuals who are prepared to get it done in Iskandar too.

3) Competitive Benefits In Exchange Rates

Since the exchange rate in many countries is at the very least twice the Malaysian Ringgit, it's a logical conclusion that foreigners can easily make investments at a fraction of the cost of what they ordinarily would fork out in their own countries and obtain twice the profits. They will spend less on the operational expenses at the same time, so it is quite sensible to shift their operations to Iskandar. For residential properties, foreigners can usually get first class landed properties and also high end condominiums which come complete with the way of life fitted to the well-off at a very inexpensive cost.

4) Upcoming Infrastructure Initiatives

Construction is currently under way to create a high speed rail link which links Singapore to Kuala Lumpur and it will go through Iskandar. This will make it quite easy for those travelling from either side of the causeway. And as the link is going to Kuala Lumpur, Malaysia's capital metropolis, this will make it incredibly easy for businessmen to travel around for meetings.

Currently fresh projects being recommended for Iskandar are receiving great response from overseas investors. But you may be wondering what of the local investors? This can be a huge poser on the minds of local investors because they don't find any kind of competitive benefits for them to give some thought to Iskandar as being a possible investment, regardless of the possibilities that are present there.

If you would like to know more about how you too can be a part of the Iskandar opportunity, acclaimed Property Guru Milan Doshi and a panel of illustrious speakers will have a talk on the topic of property investment in Iskandar for local Malaysians. Organized by Wealth Mastery Academy, the talk aims to make Malaysians aware of the great potential that is in their own backyard. Click here for further details.

What Happens If You Get Fired?

Currently you're contentedly employed. Well, suppose tomorrow you attend work as always and your employer lets you know that your services shall no longer be necessary?

This is a real possibility these days. There are many people turn up for work as always and then realize that they are not permitted to go into the building. The severance compensation which they get is definitely not adequate to live on, except if they have been employed there for an extended time.

In this circumstances, their only alternative solution would be to look for a position without delay, unless of course they have got some other ways to make money as a backup.

The wise individuals understand that nowadays, a single income stream will never be adequate. But rather than doing double jobs, they prefer a much better plan - RESIDUAL INCOME.

Residual income is essentially revenue that you don't need to work very hard to create. You put it in place once and it gets results for you for as long as you need it to.

The simplest supply of residual income will be the interest you receive from your financial institution. However this is nothing in comparison to various other options for residual income in existence. And you can find several.

Property investment is amongst the most dependable while offering by far the most highly profitable earnings. If you buy the ideal property, you may get a steady income stream through the rental. Throughout the loan period to purchase the investment property, your rental earnings may even cover the cost of your loan. When you pay off your loan, the rental earnings you continue to collect is completely extra income every month.

Now, just imagine should you do that with not just one but perhaps five additional properties.

Bear in mind, property prices increases annually. They will not increase instantly, however in 10 years time, you could confidently declare that the values may have essentially multiplied. After that you can sell it off to get a nice profit.

Yet another way in which properties can present you with immediate cash is when you refinance it. Let's assume that you are still getting rental earnings for that property, you may then make use of the rental to cover the loan. And you may repeat this time and again for that property. Experienced property investors refinance their investment properties consistently through the years to get a quick burst of cash flow whilst allowing the rental earnings obtained pay for the loan.

Lastly, the investment properties which you purchase is going to be around for some time, potentially throughout your whole lifetime. Just imagine if you can possibly pass on this legacy for your children that they may leverage on to generate income.

When it is all said and done, investing in property is really a long term strategy. They might not be as fluid as perhaps, stocks, but they are undoubtedly much less risky.

Is this not a much better source of residual revenue compared to keeping your hard earned money in the bank?

Wealth Mastery Academy organizes seminars and workshops to equip the masses with the latest wealth creation strategies to achieve financial freedom.

Don't Leave Your Investments To Chance

Will you try to make significant life choices depending on the turn of the coin or maybe the spin of the dice? However is not this how a large number of individuals make investments these days?

We have noted for many years that investment market reports is incrementally shorter periods.

The stock market is now zig-zagging a little bit: lower a day and up the following day, and that is at times a sign that a correction could possibly be expected.

Not too long ago we read that “the Cyprus bailout testifies the fact that the country's economy has no future!” but today we have been assured that “Cyprus is actually negligible” - the thing that was a poor investment decision yesterday turns into a very good investment once again today? Now we have minute-by-minute market reports and it is certainly a crazy planet we are now living in.

Market experts enjoy having all of us think differently, nevertheless the foreseeable future is simply not predictable (have a look at whatever they had been talking about a year previously). The important point to keep in mind being an investor is:

The more your investment strategy depends on the market going in your preferred direction within the short-term, the higher the chance for failing.

The financial media frequently accounts share markets weakening as being a time for you to freak out or worry and the index going up as something to rejoice. But you may be wondering what if you had an investment strategy where it does not necessarily actually make any difference regardless of whether markets progress or decrease?

It was Warren Buffett who said the most effective investors are the ones who develop a system for effective investing and after that have the ability to stop emotions from ruining that system. This is the reason automated investing can be so powerful for those who earn a fixed income. By purchasing shares frequently by means of purchasing a pre-determined dollar price every month or even every quarter, the investor continues to be emotionally untouched by market news.

This approach is called averaging or cost averaging - in the event the market falls you efficiently purchase a higher amount of shares, and therefore will certainly make money on the long haul. It’s a good idea in this situation to get a diversified product to ensure that there is absolutely no possibility of the investment slipping to zero in price.

Averaging is effective in property as well, however because of the leverage the individual purchases are likely to make up an even more substantial portion of your portfolio, it has become even more important for investors to protect themselves from encountering substantial losses.

In the same manner in the real estate industry, market experts would like you to think that they are able to anticipate results that you simply are not able to, which usually clarifies the “I predict no progress for the next 24 months”-type of nonsense and “a brand new gym is expected to open in 2014 that is certain to contribute towards capital growth” rumors.

The good thing for property investors is the fact that in contrast to the stock market, which is valued rationally for most (if not all) the time, residential property is actually a generally imperfect sector. Hence, there are many of approaches that could be used in order to outperform the average prices so much loved by the financial press.

The very first thing that you can do is purchase counter-cyclically within a town that has not lately encountered a growth.

1) Purchase property under its innate worth;
2) Within an area which has a lengthy record of solid capital growth;
3) Locate a property with a difference - something one of a kind, exceptional, different or rare about the property; and
4) Choose the kind of property that enable you to “create capital growth” via refurbishment, reconstruction or redevelopment.”

By making use of these types of techniques, you are able to make sure that you aren’t just leaving your outcomes to the roll of a dice.

Obviously, it still is a good idea to be on top of what is going on across the world.

Wealth Mastery Academy provides solid financial education that are based on real world experiences.

The 3 Types Of Stock Traders

In the past, the stock trading game was viewed as a "players only" club, in which only brokers are authorized inside to know what goes on behind the sealed entrances of the stock exchange. Not any more, because of the web. Even the inexperienced investors have the opportunity to play this particular rich man's game.

Nonetheless, it will help to recognize the guidelines and learn to comprehend market movements as a way to win at this game.

Everybody knows that the price of a stock is really a reflection of the value of the corporation and how it is performing. Nonetheless, how heavily traded a certain stock is will likely to some extent influence its value. External factors like political stability, economic stability and deals made likewise influence not only the price of a stock but also the general market environment at the same time.

On a larger degree, the general condition of a market in a single an area of the world does have an influence on the world market.

The most crucial thing a stock trader must do would be to remain sensitive to the happenings around the world, particularly if it will have an effect on the stock prices. They can therefore have the ability to modify their systems appropriately in order to protect their investments.

But when it is all said and done, stock traders fit in 3 broad groups of players.

1) The Day Players

Also known as day traders, these are the busiest players. These people spend a lot of time monitoring the changes on the market, timing it just right to make their move and make a profit. Day players hardly ever buy for investment purposes. These people trade many times everyday, always targeting an easy profit. It is vital for day players to always be atop their game, carrying out diligent research of the market at the end of every day in order to identify the direction for the up coming trading day. If you plan to be a day player, note that you also take plenty of risks since an incorrect prediction often means you lose a lot of money. Therefore until you have the time to keep an eye on and assess the market consistently, this may not be suitable for you. You also need to possess a very high risk appetite and be able to make snap decisions as mere minutes could possibly mean the difference between generating profits and making massive losses.

2) The Swingers

Swingers are a lot considerably more cautious with their stock trading compared to the day players. They will take their time to review a stock that they are considering before making their move. Generally, swingers will decide to specialize in a certain niche so that it is a lot easier to observe the market developments. Swingers are mainly part time investors who do it in their free time. They don't have to be in front of their computer regularly to monitor exactly how their shares are performing. Nevertheless, they do keep track of the news and changes in their specialized industry.

3) The Positioners

Positioners buy stocks for the sole purpose of investing for the long run. They do keep abreast with the developments in the stock market but they continually implement long term investment techniques. Positioners will keep shares for months, sometimes even up to a year before selling them off.

Whichever player type you fall into, understand that stock trading is an extremely highly profitable source of income, provided you know how to implement the techniques correctly.

Wealth Mastery Academy organizes courses and seminars that teaches people to invest in the stock market and many other wealth creation strategies in order to achieve financial freedom.

How To Use Leverage To Become A Successful Property Investor

When you acquire investment property, there is something very essential that you must use so that you can become successful - LEVERAGE.

If you think that you can do it yourself, it is going to be a very slow and painful way up. Good property investors habitually leverage on other people's time, know-how and most important of all, money, to create a portfolio of investment properties that continually bring in profits for them.

The most convenient way to leverage is via a bank loan. Let's keep things practical and assume that your investment property is valued at $100,000. If you were to pay cash for it, you will have to get hold of the $100,000 on your own. Whereas, if you take up a bank loan, you probably only need to get hold of about $10,000 and borrow the rest of the money. And after that you rent out the investment property and let your tenant settle your bank loan.

Consider if you were to buy an investment property valued at $1 million or much more. How are you going to raise that kind of capital?

Another contributing factor to take a loan as opposed to shell out the full cost of the investment property is that subsequently, if your investment property appreciates in value, you would have made a substantial income. If the investment property appreciates in value by 10%, you can actually sell it off at $110,000, therefore you turn a profit by $100,000 given that you only paid $10,000 as the deposit and borrowed the rest. Now compare that to if you paid cash for the investment property. Your entire profit would only be $10,000 which is the sum that the investment property appreciates in value.

Naturally this is a very simple equation, but in reality, you still have to keep in mind other facts like prices, interests, legal charges and other miscellaneous fees that the sale and purchase of your investment property will incur.

Another way to leverage is with other people's experience. This is where participating in a team comes in. Smart property investors will always network with other property investors. Occasionally, they contact developers in concert as a group and see if they can get good buys. With more members in a group, they can each contribute something to the table and have the ability to make better selections when it comes to selecting investment properties to buy.

Besides, not every one will likely have the opportunity to go shopping for investment properties. So they can diploy several members from the group to go have a look at the property and see if it measures up to their standards. This is also where other people's skills come into play. You may not be familiar with the neighborhood where you intend to purchase your investment property really well, but someone else on your group may. You may reckon that the neighborhood looks good but your group member may think otherwise because he or she is aware of something that you don't.

This is how good property investors are able to accumulate a huge collection of investment properties in a short period of time.

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