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If You’ll Learn How to Trade Smart – You’ll Make Money

admin — Mon, 30 Jan 2012 09:34:53 +0000

It’s that simple my friends, if you learn to trade smart you’ll make money just like thousands of traders from all over the world. First, you have to stop listening to your friends who keep telling you that trading stocks and currencies is nothing but luck and that if you want to make money you’ll have to work day after day for 8-9 hours. They are partially correct because you will make money if you work each and every day for 30 years, but you’ll make more money from trading if you follow strict and proven rules, strategies and tips because trading is not gambling and it has nothing to do with luck, it’s all about analysis and understanding the psychology of people.

Now, take a pen and paper and write down these rules because they will help you make money from trading but remember to follow them each and every time:

Trade with an amount of money that suits you – You should always suit according to the amount of money that suits you. What does that mean? Remember that trading is not easy and that it will take time to master the market, that is why you will lose some money at first before you start seeing profit and so, trade with a small amount of money at first and only when you gain more confidence and experience you should add more money to your bankroll.

Always be prepared prior to trading day – If you do your homework before trading starts you will know exactly how much money you’ll make and limit your losses to a minimum if your trade was not successful, this way you’ll earn more than you lose and will be at profit the more you trade. Know when to enter and exit positions at all time and never guess.

Always work with your mind – Trading is all about analyzing the market right and has nothing to do with luck or gambling, but it’s also important that you work with your mind, be cool, calm, know to set orders for your positions and not trade according to emotions of gut feelings, that leave to the casino. Don’t get nervous or upset every time the stock or currency moves up or down, set the automatic orders to buy and sell stocks and currencies and don’t sell or buy before the prices you set for yourself when you did your homework because this was the time when you were calm and worked with your head so these are the correct prices for trade.

Never Give Up – Maybe the most important tip I can give you. Trading will not be easy at first but as thousands of traders all over the world make a living from trading so can you, if you have self-discipline, if you work smart, if you read charts even when you’re not trading to the point where 2-3 minutes will be enough to read an entire chart of a stock or a currency, if you learn from your mistakes and if you have belief in yourself you will make money. It’s all about determination and knowing you can succeed because this is not lottery and that means money can be made and a lot of it.

These are only a few important tips and rules I can share with you but there are a lot more that can help you become a better trader and eventually leave your day job and do whatever you desire when you’ll have a lot of time and money for yourself and your family.

I would have wished you good luck, but luck has nothing to do with it as you already know!

Author Bio

Nir is the co-founder of the Forex trading strategies site where you will find everything you need in order to dive into the trading world and start understanding the market. Find out more tips, information about day trading, trading systems and everything you need in order to succeed.

The Droopy Rupee: The Flagging Value of India’s Currency

admin — Mon, 19 Dec 2011 10:28:50 +0000

Reports indicate that the US is on a molasses-slow road to recovery, although the success of that recovery largely hinges the European Debt Crisis and whether the plan set forth by Chancellor Merkel and President Sarkozy is effective. However, as the world trains their eyes on the west, India’s currency has quietly slipped into the worst performing currency in Asia.

The rupee has slowly dropped since August and this past week took a nosedive, falling to the already weak dollar. The Reserve Bank will make an announcement this Friday to address concerns of investors.

The DNA of global finance is so Gordian, you’d need a masters in finance to parse the details. Even lifelong economists are having trouble piecing this moment in history together. What we do know is that India is Asia’s third largest economy and an important trading partner with both Europe and the United States.

With ongoing financial tumult, particularly in the 17-nation Eurozone, with which India does most of its trading, investors have begun to flee the market, leaving India vulnerable to flux in the unstable Eurozone. India’s current account deficit is in the red and puts India in a position of over dependency on short-term capital flow to cover it.

As the rupee falls in value due to inflation, exports are seeing a small boost, but if the inflation continues economic growth could be jeopardized; the country’s workforce would be stagnant and count almost exclusively on the unreliable Euro markets.

The challenge that emeging markets are facing–and that especially includes markets in Asia–is, ironically, too much growth.

David Carbon, a researcher at one of Southeast Asia’s most prestigious banks (DBS), explains the problem as such: “[When] growth is too fast and inflation is too high [and continues to accelerate]” then that increases the number of people who are in poverty, by weakening Purchasing Power Parity. In layman’s terms, if you are making 150% of the salary that you made last month, but food and basic items take up most of your budget, and the price of these items has increased by 200%, then you have actually become more poor, even if your paycheck looks bigger. This problem is particularly prevalent in China, India, and Vietnam. India’s inflation rate is almost 10% and Vietnam’s is more than twice as bad. The increasing price of good’s creates a lifestyle that is unsustainable for the working poor in these countries. Here are some grim statistics quoted from the business section of Dawn:

-The Asian Development Bank estimates that a 10 per cent increase in food prices drags another 64 million people below the $1.25 a day poverty line.

-A 20 per cent increase in prices pushes up the number in poverty by 129 million.

The question of whether all these financial problems are related is a tricky one. It’s certainly too obtuse to say that Western economies have a causal effect on Asian economies, though the two are tied through trade. These countries’ problems are generally of their own making and a lot of bad factors are coincidentally happening at the same time.

The key for emerging markets like India and China is to get inflation under control. If they stay the course, their currencies will become valueless in the global market and stall domestic growth considerably, leaving India unable to pay for anything.

Terming it a shocker, Sterlite Finance Director Tarun Jain said the average tenure of foreign currency loans was typically five years. “Even if you amortise this 20 per cent fall in the rupee over the life of the loan, it’s four per cent per annum. On top of that, if you cover in forwards by paying six-seven per cent premium per year and then have the average borrowing cost of five-six per cent, then the borrowing cost is in the range of 15-16 per cent. How can big infrastructure projects come up?”

Experts say the worst is yet to come; let’s hope they are wrong.

10 World’s Busiest Cargo Airports

admin — Fri, 18 Nov 2011 18:24:59 +0000

1. Hong Kong International Airport

Hong Kong International opened in 1998 and is known as the biggest cargo airport in the world. This airport is a huge employer of the people as it has over 60,000 people on the payroll. On top of that, 90 airlines roll in and out of this place in a day. It should be noted, however, that it has just recently surpassed Memphis International as the busiest cargo airport in the world. Before that it was the second biggest cargo airport in the world but once it expanded its operation it was able to overtake Memphis.

2. Memphis International Airport

Memphis International, located just south of the city, is the second largest cargo airport in the world today. The reason why it is so big in regard to cargo is because it is the home to FedEx. Companies such as Nike and Sharp have opened up shop in business just so they could be near FedEx. Having access to FedEx allows them to quickly ship packages across the world. FedEx flies non-stop all acros the US as well as into Canada, Mexico and the Caribbean.

3. Shanghai Pudong International Airport

Shanghai Pudong International serves the residents of Shanghai as well as other Chinese citizens. This airport is considered fast growing considering the population that it serves. To date, SPIA is the world’s third largest cargo airport. To sum up how fast it is growing- in 2010 the cargo traffic in this airport grew by more than 27%. This is a huge jump in traffic from the previous years and it is suspected that the cargo growth will maintain an upward trend.

4. Incheon International Airport

Incheon International Airport is the biggest airport in South Korea. It serves the people that live in Seoul as well as the surrounding areas. A cool fact about IIA is that from 2006 to 2010 it was known as the best airport in the world- rated by the Airports Council International. Cargo traffic is so huge at this airport because of the amount of people in the area. The population of Seoul and surrounding areas is massive which makes the cargo shipping business a lot more stable.

5. Ted Stevens Anchorage International Airport

This airport is huge. There is no other way to put it. When you think of Alaska you probably do not get the feeling that there would be a large airport- but there is! The reason why it is such a large airport for cargo is because both UPS and FedEx operate major hubs at this location. In fact, it is thought that FedEx handles over 13,000 packages per hour at this facility! Talk about large and fast paced! On top of that, UPS handles about 5,000 packages per hour.

6.Paris-Charles de Gaulle Airport

Flat out, this airport gets it done in terms of cargo. It is the busiest cargo airport on all of Europe. In total, it handles about 2-million metric tons of cargo each and every year. In case you didn’t know, Paris-Charles de Gaulle Airport is located in Paris, France. On top of all the cargo that this place handles, it also handles over 58-million passengers a year. Talk about big! In fact, these numbers make it one of the busiest airports in the world in general.

7. Frankfurt Airport

Frankfurt Airport is massive in terms of cargo. Simply put, it is the second busiest cargo airport in Europe which means that it serves a huge population. Located in Germany, the Frankfurt Airport is one of the busiest airports in the world in general. In 2010, passenger traffic at this hub was estimated at around 53-million. Now that is a lot of people! Because of this, the Frankfurt Airport flies to more international destinations than any other country in the world.

8. Dubai International Airport

Located in the United Arab Emirates, this airport is a major hub for the Middle East. The airport routinely handles 2.27 million tons of cargo per year which is a huge amount considering its location. This makes it one of the biggest cargo airports in the world with ease and the biggest cargo airport in this part of the world. On top of that, it is one of the ten busiest airports in the world in terms of passenger traffic as well.

9. Narita International Airport

Serving Tokyo, NIA is located outside of the city limits but still does a ton of business. In terms of cargo, it is the second business in this region of the world and the ninth biggest cargo airport in the world. It serves as a main hub for international fliers in Japan.

10. Louisville International Airport

Simply put, this airport handles a ton of traffic and not too many passengers when compared to the other major airports in this class. The reason why it handles so much cargo is because UPS, FedEx and DHL all operate out of this facility.

Alex has written this article for Paterson Simons. A leading provider of forklifts and Reach stackers in Nigeria and West Africa.

Online jobs for students of india without any investments

admin — Tue, 08 Mar 2011 18:34:34 +0000

If you are reading this article then you must be looking for some ways to earn some money along with your studies. And, when it comes to earn some part time money , nothing is better than working online.

But like in real world, There are no shortcuts in online world too. There is a common myth that people who work online earn a lot with very less efforts which is completely wrong.

I’m working full time online from more than 3 years and can assure you that people who online work much harder than those who go to 9-5 job. So, if you are looking for an easy way to earn money then online world is not for you.

Next thing you need to take care of while searching online jobs is to stay away from ” Get quick money” or ” Become a millionaire” kind of ads. There is no such way. At least no legal way.

Also stay away from sites who ask you for any kind of membership fees to tell you how to earn online. In online world, all information is available for free. So, stay away from such scammers.

Next thing you want to look for is what kind of work interests you or what kind of work you can do. Are you only looking for some data entry work or do you have great writing skills or you are a good photographer.

Once you’ve decided the kind of work you can do , Its time to search for work that REALLY Pays.

I’ll recommend you the following sites to search online work –

Elance.com
Freelancer.com
oDesk.com

These three websites are the best to find some online work

Why in india financial year starts from 1 april

admin — Tue, 08 Mar 2011 15:00:48 +0000

The new financial year is just few days away and whole country is busy in filing returns and taxes. But many of curious minds might be thinking that why Indian financial year starts from April 1 and not in January. Well, there is a simple reason for that .

The Indian Income Tax act came in to force on April 1,1962 and hence financial year start from April 1 every year.

Also other practical reason is that time to file taxes should not coincide with other high activity period. Most of the Indian festivals happen in second half of year and in summers June-july most of the people go on Vacations.

So March-April is the most practical period to file taxes.

I hope it will clear some of your doubts.

INDIAN RailWAY budget 2011: NOTHING NEW

admin — Sat, 26 Feb 2011 08:55:59 +0000

The railway minister of INDIA MS.MAMTA BANERJEE announced the railway budget in lok sabha. This was MS.BANERJEE’S third railway budget and there was nothing new in this budget,this budget was the ordinary one and was same as everyone expected.DIDI surprised everyone by giving no surprise in her budget, as she has her eyes focused firmly on the coming elections of the wast bengol,she focused mainly on the west bengol starting a number of train and projects for the bengol.These days the politics of the bengol is moving around the Nandigram and Singur that’s why She has announced major projects for Nandigram and Singur where she had launched a successful political battle some years ago.The main highlight about this budget is that there is NO INCREASE IN FAIRS that’s why this budget can be called as the common people‘s budget,these days when the rates of everything is going higher and higher, didi has decreased the booking rates of the tickets by RS 10 for AC class and RS 5 for general class. Ms.BENERJEE announced a number of projects and new trains, 172 rail-over-bridges (ROBs) and 240 Rail Under Bridges (RUBs) this fiscal while most of the projects announced last year’s budget are still incomplete,keeping the coming elections in mind railway minister has gifted 15 new suburban trains and 34 new Metro services for Kolkata which was not at all surprising.KERALA has got nothing neither any new train nor project which was not at all surprising.except the projects for the BENGOL didi has started nine new Duronto trains, three new Shatabdis and 56 new express trains The run of 33 trains will be extended and the frequency of 17 will be increased. Mumbai gets 47 new suburban train services. In Chennai, nine more service this budget can be called THE BUDGET FOR BENGOL.

Link Intime Mumbai (linkintime.co.in)

admin — Wed, 17 Feb 2010 09:55:13 +0000

UPDATE – I got a call from MR. Vishwas of Link Intime Mumbai and everything is resolved now. After getting the response, I found that the fault was of my Bank and not of Link Intime.

I take my words back and really liked the quick response of Link Intime. Also on the top of it , Mr Vishwas gave me his mobile number in case I face any problem. it was really nice of Him. Also Sure I’m going to meet the guy if I visit Mumbai any time in future.

The Only Recommendation which I like to make is that the employee which attends the phone call should listen to others , because that was the main reason of my bad experience. I called her 4-5 times but She never gave me a chance to explain my problem .

Now , Since the issue has been resolved, I am going to delete all the old content , as I think it may effect the company reputation which the company doesn’t deserve.

Whose Economy is Better India or China?

admin — Thu, 28 Jan 2010 08:31:07 +0000

China has completed surpassed India in the recent comparisons economists and businessmen make between Asia’s two rising giants. Studies showed that the Chinese government policies of implements new strategies with blinking speed is making India’s fractured political system appear sluggish and chaotic.

The sagging infrastructure of New Delhi and Mumbai stands nowhere when compared with shining airports and wide roads of Beijing.

Though India still can’t compete on top-line economic growth — the World Bank projects India’s gross domestic product (GDP) will increase 6.4% in calendar 2009, far short of the 8.7% rate China announced in mid-January – India’s economy looks to be rebounding from the downturn in better shape than China’s. India doesn’t appear to be facing the same degree of potential dangers and downside risks as China, which means policymakers in New Delhi might have a much easier task maintaining the economy’s momentum than their Chinese counterparts. “The way I see it is that the growth in India is much more sustainable” than in China, says Jim Walker, economist at Hong Kong-based research firm Asianomics.

India’s edge is due to the different stimulus programs adopted by the two countries to support growth during the downturn. China implemented what Walker calls “the biggest stimulus program in global history.” On top of government outlays for new infrastructure and tax breaks, Beijing most significantly counted on massive credit growth to spur on the economy. The amount of new loans made in 2009 nearly doubled from the year before to $1.4 trillion – representing almost 30% of GDP. The stimulus plan worked wonders, holding up growth even as China’s exports dropped by 16% in 2009.

The Indian economy is not immune to risks. The government has to contend with a yawning budget deficit, and last year’s weak monsoon rains will likely undercut agricultural production and soften rural consumer spending. But rapid growth is expected to continue. The World Bank forecasts India’s economy will surge 7.6% in calendar 2010 and 8% in 2011, not far behind the 9% rate it predicts for China for each of those years. Indian Prime Minister Manmohan Singh, when speaking about his country’s more plodding pace of economic policymaking, has said that “slow and steady will win the race.” The Great Recession appears to have proved him right.

BSNL Now Have More Than 7.5 Lakh 3G Subscribers

admin — Sat, 23 Jan 2010 11:47:50 +0000

BSNL (Bharat Sanchar Nigam Ltd.) 3G service have now more than 7.5 Lakh subscribers in South India. BSNL has launched its 3G services few months back in its Tamil Nadu Circle and were able to acquire more than 7.5 lakh subscribers.

The numbers were revealed by BSNL officials today during launch of its 3G services in Coimbatore, Ooty, and Coonoor. Mr Sirohi , Incharge of Value Added Services in BSNL said “Approx 50 Million ring tones are downloaded every month using BSNL 2G and 3G GSM network. The Indian Premier League shall be merging with Youtube and the cricket match can be viewed from the cell phone with a staggering 36 camera view options. The speed of BSNL 3G is 3.5Mbps if the download speed is enhanced or the bandwidth is increased, user will have an enriched experience by downloading movies, games, and utilities at a faster rate.”

SMS GupShup Raises $12 Million in Latest Round of Funding

admin — Thu, 21 Jan 2010 05:57:48 +0000

SMS GupShup which claims to be the Indian Largest Social Networking Site raises $12 Million in latest round of Funding on Wednesday. The latest round of funding was led by by Globespan Capital Partners with existing investors Charles River Ventures and Helion Venture Partners.

SMS GupShup was founded in April 2007 and has its headquarters in Cupertino, USA.

The company CEO and Co-founder Beerud Sheth said ” The revenues and user base of the company has increases substantially over the last year. Currently company serves more than 26 million users and seeing interests from mobile carriers worldwide. ”

The funds raised would be used to accelerate the growth of the company globally and to make products useful to each of the the 4 billion mobile subscribers worldwide. SMS GupShup is bringing social messaging to the mobile masses and raised a total os $37 million of funding till now and have a headcount of 130 employees.

Devdutt Yellurkar of Charles River Ventures said ” Since we last invested, SMS GupShup has shown huge growth in number of users and revenues. We’re excited to re-invest again to help the business realize its global potential as the social messaging solution for the masses.”