Learn Top 10 Tips For Successful Stock Trading

Trading stocks simply isn’t for everyone. Some people can stand the volatility and the pressure that comes with it, and some people can’t. Even among the few who can handle the heat, fewer yet will ultimately be successful doing it. While no exact rules can dictate what makes a lucrative stock trader, those Wall Street sages who are legends for making killer winnings in a short amount of time all have a few characteristics in common. 1. Successful stock traders can fight their instincts and act counter-intuitively. 2. Successful traders maintain a regimented system that’s as easy and efficient as possible. It rarely makes a difference which system you use — technical analysis versus fundamentals or value versus quality, for example — as long as you adhere to it. A successful trader knows the benefits, as well as the shortcomings, of their system and executes trades based solely upon the system. "The secret to success is consistency of purpose." This means, you must create separate tactics for establishing positions and closing them. 3. Successful traders calculate risk and make decisions that lower their risk exposure. Successful traders abhor losing money and manage their losses before they become too great, even if that entails throwing in the towel and acknowledging they made an incorrect call. 4. However, successful traders are not afraid of mistakes or taking chances. Successful traders have what Native Americans refer to as, "sovereignty," which is the right and capability to do the wrong thing. Essentially, sovereignty is the courage to make your own mistakes, for it’s from our greatest failures that we learn the most. 5. Successful traders are not embarrassed or afraid of taking losses. In fact, they expect them and know that an important part of trading is limiting losses and preserving capital. 6. Successful traders master how to analyze stocks. Many traders only use one form of analysis or seek research from one source, but comparing various reports and charts can give you a better picture. 7. Successful traders lead balanced lives. The rush that a homerun trade can produce is addictive, but a successful trader knows when to walk away — and more importantly, has something to walk toward, whether that is family, friends or hobbies. 8. A successful trader cultivates patience. This means letting profitable positions run their course, but it also means that when the market turns against them, they have the patience to try again and approach the market resiliently, courageously and with confidence. 9. A successful trader has a strong drive for success. Trading requires steady efforts, not haphazard positions established cavalierly. Determination to succeed can make all of the difference when the market is tumultuous because many people abandon ship. 10. A successful trader has discipline. That means reviewing markets and researching trades even if he isn't in the mood. Discipline also means holding to your strategy — not buying or selling positions because everyone else is doing it. 5 Bonus Tips 11. A successful trader understands the tactical differences between defensive and offensive behavior, and when each is best used. First, preserve capital, then profit. 12. Successful traders remain as emotionally detached as possible — this means ignoring rumors or Wall Street hearsay. They resist the temptation to join the crowd. Stop loss limits can help traders stay objective by preserving profits and ensuring that profit comes off of the table. While you may miss the rush of the lowest entry points and the highest selling points, stop losses let you sleep at night and live your life without being glued to the computer screen. 13. A successful trader knows himself and is very objective about his strengths and weaknesses. Know how to combat your weakness and implement strategies that capitalize on your strengths. 14. A successful trader knows their portfolio. Never let a trade slip through the cracks — keep detailed records and review your holdings often. 15. A successful trader sticks to the rules — the rules they set for themselves. When markets are moving swiftly, it’s easy to lose your head. So, formulate a plan outside of the heat of the moment and stick to it to ensure trading success. credit:

Forex Trading Tip - Earn More Money Win Win

This is a sobering fact - but unless you accept it then you will never win at forex trading so here is your fore tip to put you on the right track...

You're on your own and only you can give yourself success - no one else. Forget all the $100 buck robots promising you financial freedom, try these forex systems and they will burn your equity. They have never been traded and have made paper profits only and wouldn't sell for $100 bucks either. Also forget all the mentors with their secrets - there hardly secrets if you know them!

Even if you do find someone to follow who has a good forex trading strategy, you can still lose, if you don't have confidence in what you're doing and understand the logic. The reason is - if you don't understand how and why the system works, you won't have the confidence to follow it, through losing periods and all trading systems have these.

credit:amazines.com

You're on your own - if you follow or if you have your own forex trading system - you have to execute it with discipline.

If you understand this, then the forex market is probably an area you can make money, if you don't, either re think your forex education or do something else.

Forex trading is hard and you would expect that - with the rewards on offer.

Keep in mind 95% of traders lose and that's a fact so it's not easy.

Now if you have the right mindset, you learn currency trading the right way and win and the good news is:

Anyone can learn to trade - trading is a learned skill, so you just have to do it the right way and that doesn't mean working hard, it means working smart. A couple of weeks and you will be all set. All you need is a simple, logical forex trading strategy you can execute with discipline and your on your way.

In forex trading it's not about how much time you spend on your market timing - you are judged on how much money you make with your trading signal and that's it and a simple trading system will work well.

So if you want to win, you. Simply, get the right forex knowledge and apply it with discipline and you can earn a great second or life changing income, in under 30 minutes a day and enjoy currency trading success.

Financial Advisor with 5 features

The dictionary meaning of advisor means “an expert who gives advice”. It means the people who are expert in their field should gives advice or says guidelines to give best possible ways to make the task easy.

The advisor is also called consultants in the present time. There are many types of advisor or consultants in the service as well as in the industrial sector. They are usually called as professionals.

1.With the upcoming financial market the importance of the advisor gets increases. The Financial Advisor is necessary because normally the customer are busy with another tasks and they have no time to see where to invest or how to save taxes on their income.

2. The Financial Advisor take consulting fees for giving advises to the customers. There are different types of financial advisors some are specializes in stock market and mutual funds while some are specialize in other derivatives like banks and government investment tools. You must be clear about where to divert your funds to get the benefits at a lesser risk. Accordingly you need to select the financial advisor.

3. You must take the financial advisor in good faith because on the bases of the expertise of finance advisor you are able to make an investment. However some time the financial advisor self-righteously suggest something odd that your mind can’t accept it. It is better to select the honest and frank advisor. As a customer you must have to smart enough to take the decision.

4. It is financial advisors duty to make their customer satisfied by giving them proper advise. You can see that honest and frank advisors can make their business grow easily than the financial advisor who misguide and lead the customer into debt.

5. At present some financial advisor become a instruments of the various financial companies They will get remuneration in terms of points from the selling the funds and other financial tools. It is now best of the interest to the financial advisor rather than thinking for the customer profits. So such types of wrong of self-interest practice can give bad reputation in the market.

The honesty with the client or customer is the keys in the financial advise business. credit:1888articles

Day Trading for Beginners

Up until recently, "day trading" was a practice that was shunned by Wall Street’s big boys. Nowadays, it's become much more popular and is a common practice amongst folks of all ages and financial trading backgrounds. Day trading, as the name implies, is when you buy and sell financial investments during the day and settle all your outstanding positions prior to the market closing. The main goal is to make fast profits from any price increases or decreases that happen during a single day of trading. When the stock market closes down, any news that is put out later on can bear on the opening price of a financial instrument on the next trading day. From a strategical standpoint, day trading brings down the risk of incurring a loss overnight due to differences between an opening price and the previous day’s ending price. Stocks, options, futures, and currencies are the most frequently day traded financial instruments. The most significant thing that a beginner needs to know about day trading is that while it can be highly profitable, it's also very risky. Modern statistics indicate that 70-90% of all day traders incur losses in their trades. These statistics are nearly as high as those affiliated with losses from gambling, and are a clear-cut indication that day trading isn't meant for amateurs who hope to "strike it rich" in a short period of time. Really, there are very few individual investors who have the time, money, and personality required to deal with the losses of day trading. If you're seriously thinking about becoming a day trader, here is some basic advice about the practice that could help you along: Funds needed. According to U.S. law, you'll need at the least $25,000 to day trade stocks (more than 8 roundtrip trades in a single calendar week). To day trade currencies, you only need a few hundred bucks. Because of the smaller startup capital requirement, it might be wise to start with trading currencies if you're a novice. Additionally, trading currencies is also a great deal simpler than trading stocks since you only have a fixed amount of currencies that you can decide to trade. Sustaining losses. The majority of new day traders will incur terrible losses in their first few months. That's how come so many of them give up before they even begin to make money. Once you embark upon day trading, be sure you only utilize money that you are able to lose. It's a very bad idea to use money that's needed for things such as your mortgage payments, your life insurance policy, or your every day living expenses. Limiting your losses. Among the biggest causes why day traders lose money is because they don't know how to restrict their losses. There's no particular formula on when and how to limit your losses, but perhaps this scenario could help you interpret what normally happens. An unskilled day trader purchases a stock and the price of the stock instantly begins falling. The day trader chooses to wait because he is confident the price will come back up again. The stock’s price continues to go down during the day, and the day trader kicks himself for not having cut his losses sooner. Upon market closing time, he assures himself he has no option but to hold on to the stock. In the evening, bad news about the stock is brought out, making the opening price of the stock to spiral down even more. Our day trader is now a good deal less wealthier than he would have been had he cut his losses when the stock first started dropping. Credit:articlebiz

Learn Currency Trading - How People With No Trading Experience Became Trading Legends In Just 14 Day

Back in the nineteen eighties, a group of people with no trading experience took part in an experiment to learn currency trading in just 14 days. The result? They want on to make hundreds of millions of dollars. How? Let's take a look. The group I am referring to above were nicknamed "the turtles" and the experiment was conducted by trading legend Richard Dennis. Dennis wanted to prove that anyone no matter what there age, occupation or educational background, could learn to trade and he set out to prove it. The people chosen were a mixed group: A female auditor, a security guard, an actor, a kid fresh from school and some professional card players, to name just a few. Dennis taught them a simple long term trend following method (essentially a breakout system) and strict money management. They completed their training and when onto make $100 million in just 4 years. Dennis had proved his point. At this stage you may be asking yourself a question: If it's that easy to learn to trade and anyone can, why do 95% of traders lose? The real lesson to learn from this article and make part of your forex education is: Anyone can learn to trade - but few people have the mindset to turn this potential into profit. Some more explanation will make this clear. The formula for forex trading success is simple and is: Robust Logical Currency Trading System + Discipline to Follow = Financial Success. Dennis knew that learning the trading system was the easy bit - executing it with discipline is of course the hard part. He taught them something more than a logical trading system - he taught them the mindset to accept responsibility and have confidence in what they were doing so, they could trade with discipline through losing periods. Many people have good currency trading systems but lack the discipline to stay with them when losses occur. If you don't have discipline, you don't have a trading system. You must follow your trading signals exactly as your system tells you! Most traders think they can follow someone else or buy a forex robot with a simulated track record and win and they get wiped out. They don't really understand what their doing, don't have discipline and lose. To win at forex trading requires a method (if you avoid the myths), you can get a simple trading system together that's robust and can win. Keep in mind the trading system should be simple (just like the one the turtles used) as simple systems work best. Then, you need to learn discipline and anyone who tells you its easy hasn't traded! It's hard but again it's a learned skill and if you have confidence in what you are doing you can trade with discipline. Will you become as rich as the turtles? Probably not, life simply isn't like that - but there is a chance you could and furthermore, you can achieve success and earn a lucrative income at your own level and for the effort you put in forex trading can give you a huge reward. Anyone can do it. Sure it's a challenge - but it's a challenge you can take on, win and achieve currency trading success if you learn currency trading the right way. Credit:articlebiz

Want To Day Trade Forex Successfully?

WANT TO DAY TRADE FOREX SUCCESSFULLY? First, set out your rules. An Overview So, you want to make big bucks trading the markets? We've heard all the stories of how fortunes were made in the time it takes to say, "where's the keys to my Porsche?" But can it be done? Well - maybe. And you want a piece of the action, yes? And I don't blame you. Trading for a living, for me, is the best occupation there is. No boss, no overheads to speak of, work when you want, anywhere you want, freedom; just you, the computer, and your plan. Plan? What plan? Of course, 'plan'. Anything in life worth doing must have a plan of sorts. Trading is no different. In fact trading without a plan is asking for trouble of the most serious kind, financially speaking. You must have a plan. Read on. The content of this very modest document has been the subject of many books, has been studied in depth by the very best of us, and will be debated for years to come. My aim here is to plant a seed that hopefully will steer you in the right direction thus saving you countless dollars, not to mention heartache and ruin. Before you start to lay your hard-earned money on the line, there are many, MANY, things that need to be taken into consideration. The very first lesson to learn quickly is that the guys and gals who trade the markets for a living, the professionals, are not going to think twice about taking that money from you. They know all the tricks in the book, and a few more to boot. The idea is to act and think like those professionals and eventually become one. The profits will then begin to flow. If you have no idea what you are doing, then you may as well just mail a cheque to those above-mentioned professionals and leave it at that, saving a lot of time. On the other hand, you could do as I did. Learn their tricks. Copy them. In short, study, study some more, then continue studying. As they say, 'knowledge is a powerful thing'. Everything will then fall into place. Where do I start? Trading is very, very easy. Making a consistent profit is not - unless you have the plan we talked about earlier; a master plan. You need to learn, and sustain, some good habits. The primary weapon in your arsenal in fighting your opponents is getting the odds in your favour. Gaining an EDGE. Just like the casinos. Take a look at the house edge in the casino and how small it is. Something like 2.5%, this is enough to make them a fortune over time! It's just the same with trading the forex markets, get yourself an 'edge'. Let's stay with the casino example for a moment. They often have losing days when a punter will win big. But overall, after the fat lady sings, at the end of the day, when all's said and done, and after the cat has been put out, those boys are in the money. And that is because of the 'edge'. Your edge starts here. It's not one item but your whole approach to trading. Sound complicated? Not really, when you break it down into its component parts. We'll do this now with headings and sub-headings. There really is no point in doing this exercise if you only pay lip service to it. You must follow your rules because they will get you into the money, no argument. Rules There's no point in having trading rules if you don't follow them, which very nicely brings us to golden rule number one. FOLLOW YOUR DEFINED RULES RIGIDLY This rule may sound silly but think about it, how often do you break the rules in some other pursuit such as driving, sport, work? Sometimes it can be costly, in forex it can be very expensive account-wise. Your trading rules can be defined as: a) General rules b) Trading rules c) System rules Remember, this is a very short article on the ways that I have tackled the problem of gaining an edge in my trading, and in trying to emulate the professionals. This is by no means the only way, so you will need to address your trading traits in a similar manner to extract those profits from the market that we all aspire to. Let's look at the general rules. Credit:MyP2P

Personal Holiday Loan-Easy For Your Dream

Personal holiday loans are meant to offer finances which may occur while going for a vacation. These loans basically take care of all the expenses. Usually these loans are offered to borrowers in secured and unsecured form. for instant approval, borrower can use the online mode. Whether it is the pyramids of Egypt or the enchanting Swiss Alps, each of the places mentioned has its own distinctive charm. Naturally a large number of tourist flock to these places during the holiday season. If you are contemplating with the idea of going for a holiday with your family or friends, then you should go for it. In fact you should also not worry about the finances. Now you have the option of availing personal holiday loans, which is especially meant to take care of all your financial aspects. These loans are designed for the sole purpose of providing the required finances which will eventually help you to meet the expenses. The main emphasis of these loans is to make your holiday a smooth enjoyable experience. With these loans, you can easily cover the expenses on purchasing the plane tickets, reservation of hotels, shopping, rail tickets, food and other requirements. Based on your need and requirement, you have the option to avail these loans in secured and unsecured form. The secured form of the holiday loans is preferable in case you are taking a long holiday break. To raise the finances, you have to pledge any asset such as home, car, real estate etc as collateral. Under this loan scheme, you access a bigger amount at very cheap interest rates. The cheap interest rate is due to the presence of collateral which assures the lender that the amount is safe and duly repaid. The repayment duration too spans over a large period making it easy repay the borrowed amount without any hassles. On the other hand, if you are taking a short term vacation which does not require too much amount, then unsecured option of the loans should be preferred. This loan option can be obtained without involving any sort of collateral. The amount is offered on the basis of your income and repayment capability. Since the amount is offered without any security, the interest rates for the loans are slightly higher. Nowadays, one can easily source these loans in both traditional and online mode. For better rates and instant approval, you can use the online mode. With personal holiday loans, you can now go for your dream destination without worrying about the financial aspects. Credit:1888articles

Foreign Exchange-How To Make Money

The basic concept involve behind Foreign Exchange is buying of one currency and selling of another. Management of a foreign currency account is depending on the procedure, eligibility criteria and the processing charges differ from bank to bank. Simultaneous buying of one currency and selling of another is the basic concept behind the forex market. Foreign currency market is the largest financial market of the world with a potential of $1.9 trillion daily. Without any central market and central currency forex trading market is said to be the most liquid market all over the world. It operates through an electronic network of banks, corporations and individuals trading one currency for another, spanning from one zone to another across the major financial centers. Open Your Foreign Currency Account: Management of a foreign currency account is similar not as like as maintaining a current account. There are several banks offering foreign currency accounts. The procedure, eligibility criteria and the processing charges differ from bank to bank. There are simple steps towards opening a foreign currency account - Gather all the information about foreign currency account, complete application forms have your application processed and start banking Types of Foreign Currency Accounts: There are primarily two types of foreign currency accounts, Customer Foreign Currency (CFC) Accounts and Foreign Currency Accounts (FCA) for individuals. Both of them eliminate the necessity of conversion upon receiving money from overseas and can be used to meet short-term requirement for cash. The interest is calculated on a daily basis on the balance amount. Advantages of the Forex Market over other types of investments The Forex or Foreign Currency Market is relatively new as compared to the other investment plans. Forex trading is said to be volatile and most liquid market. It has many advantages over other types of investments. Some advantages of the currency trading over other forms investment plans are as follows: • The Forex market is accessible 24X7 any where. There is no fear of closing the market at the end of the day. If you have access to a computer trading is possible anytime and anywhere. • Almost every investment requires a substantial amount of capital before one can take advantage of an investment opportunity but for currency trading only small amount of capital is needed. For trading with a mini account only $300 USD is required. • The Forex market is very liquid as compared to other investment markets. Trading with the currencies you have full control of your capital. • Often investments require holding capital for long periods of time. So if you need to use the capital there will be a huge loss. Credi:http:1888articles

Forex Trading - Should You Invest?

Forex trading is all about putting your money into other currencies, so you can gain the interest for the night, for time period or the difference in trading money all around. Forex trading is all about putting your money into other currencies, so you can gain the interest for the night, for time period or the difference in trading money all around. Forex trading does involve other assets along with money, but because you are investing in other countries and in other businesses that are dealing in other currencies the basis for the money you make or lose will be based on the trading of money. Constant trading is done in the forex markets as time zones will vary and the markets will open in one country while another is near closing. What happens in one market will have an effect on the other countries forex markets, but it is not always bad or good, sometimes the margins of trading are near each other. A forex market will be present when two countries are involved in trading, and when money is traded for goods, services or a combination of these things. Currency is the money that trades hands, from one to another. Often times, a bank is going to be the source of forex trading, as millions of dollars are traded daily. There is nearly two trillion dollars traded daily on the forex market. Should you get involved in forex trading? If you are already involved in the stock market, you have some idea of what forex trading really is all about. The stock market involves buying shares of a company, and you watch how that company does, waiting for a bigger return. In the forex markets, you are purchasing items or products, or goods, and you are paying m. Credit:1888articles

Forex strategies To Become A Successful Investor

As currency trading has become one of the most recent ways of earning money, a large chunk of people take this option just as a hobby. This type of trading is performed by exchanging currency of one country with that of another.

As currency trading has become one of the most recent ways of earning money, a large chunk of people take this option just as a hobby. This type of trading is performed by exchanging currency of one country with that of another. Currency trading, Forex trading signal, Forex trading strategy, and Forex alerts have made this industry the largest one if one is to consider its trading volume. To understand it better, let us take an example of an inter-bank trading. Bank X will take the quote from Bank Y of its currency, and Bank Y will provide the present rate of its currency. A deal will be finalized if Bank X will like the rate of Bank Y. and if the currency of Bank X rises against the currency of Bank Y, the former will enjoy the difference as its gain. Likewise individuals deal in the exchange of currencies in the Forex market and act according to the market position. The Foreign Exchange market is popularly known as “Forex”, which has become the largest and frequently rising market in the whole world. It is also called as the transnational market as any person from any part of the world can enter into this market through the use of World Wide Web. Forex trading signal, Forex trading strategy and Forex alerts are carried out in the faith that the prices of the currency will change over a period of time, and the Forex traders will earn a profit if there is a rise in the value of bought currency and that of the selling currency. There are various Forex trading strategies that should be followed by every Forex trader in order to gain a large number of profits. This Forex strategy system includes: • Ability to read or know the Forex trading strategies • Adopting reliable and effective Forex trading strategies • Implementing Forex trading strategies without involving costly software • Taking the option of simple moving • Deriving resistance and support levels The Forex traders should not indulge themselves in adopting complex strategies but should focus on easy and simple strategies in order to implement them as soon as possible and enjoy the results. Moreover, there are various companies that offer the services of working on behalf of the traders and providing them with simple Forex trading strategy. Online Forex alerts are also a helpful for people trading in the Currency trading market as up-to-date position of the market is revealed. Consistent and efficient strategies should be employed so that even if the market is facing small changes, it should not hit or affect the plan of the Forex strategy system. The best part about entering this field is that this profession can be taken by any person regardless of his or her educational background. But while Forex trading strategy proves to be a successful profession, it carries high level risks as well. So, while entering the field of currency trading, it is advisable that the traders should consider their objectives with great care so as to eliminate the possibility of facing losses. Also, one should take advice regarding the risks involved in the Forex trading strategy from financial advisors to gain heavy profits. Credit:1888articles

Debit or Credit Card

The basic difference between the two is the fact that a credit card takes the form of a personal loan from the issuing bank to the consumer, while a debit card is more like a cheque: money is directly deducted from a person’s bank account to pay for transaction. This article highlights the differences and comparative advantages and disadvantages of the two types of popular plastic money on offer in India. The basic difference between the two is the fact that a credit card takes the form of a personal loan from the issuing bank to the consumer, while a debit card is more like a cheque: money is directly deducted from a person’s bank account to pay for transaction. Some advantages of a credit card over a debit card are: With a flexile spending limit, a cardholder can take advantage of the easy loan facility of a credit card, and can use it to purchase items or spend money that he expects in the near future, not just money that he presently has in his account. Most of the major features of a debit card such as withdrawal of cash from ATMs are available on credit cards as well. A credit card has a wider acceptance and recognition, especially in online transactions. A credit card has greater security measures ad checks than a debit card. Credit cards allow for cash back and bonus points schemes that a debit card is not eligible for. A credit card can be used as a convenient way to check and record your spending. Since there is a fixed credit limit, a cardholder cannot overstretch his purchases The disadvantages of using a credit card: Following are the disadvantages of Credit card The major one is the hidden costs of a credit card in the form of late payments, transaction fees, fuel surcharge. The consumer must take all of this into account before getting a card issued. It is not compulsory for the entire balance to be paid, but the interest is charged on the entire amount, regardless of the part paid. This causes a debt trap for the cardholder. The security of a card is not total and cases of fraud are extremely common even today. Credit cards can be used at ATM cards, but there is a considerable processing fee required. All in all, a credit card should be used responsibly and the amount due should be paid in full. Debit cards provide access to ready money in a more convenient and less invasive form than cheques, and allow for a faster withdrawal of cash. They can be used by people who do not qualify for a credit card, and the major advantage is that a person spends money that he actually possesses from his bank account. A debit card can be used to withdraw money from an ATM with no processing charge. A debit card is a more convenient way of carrying cash around. The disadvantages of the debit card: There are almost no security measures and a person can use a debit card to clean out the cardholder’s account, if he knows the PIN. A debit card does not prevent the account from being overdrawn, and has less affordability than a credit card. A debit card also has a narrower acceptable area in India, with many merchants not accepting it since they are charged a fee every time they do. The major problems of a debit card are negated by instant notifications of transactions via sms and emails. A credit card or a debit card are both useful tools that must be used carefully and sparingly to maximize your advantage. Credit:1888articles.com

Indian Credit Card Industry- On The Path Of Unbound Growth

Indian credit card industry is prepared to witness payment through mobile phones soon. LIC and GE money has also collaborated to launch credit cards. Soon you won't have to carry your plastic money for your payment purposes as your mobile number will act as the credit card number. Recently, Reserve Bank of India (RBI) in its annual policy statement informed that it was in the process of formulating the guidelines for a payment system using mobile phones. RBI is discussing with both public and private sector Banks, service providers and industry bodies to develop the payment system. RBI said the draft guidelines would be placed on its official website by June 15, 2008. In India the usage of mobile is growing rapidly. There are about 250 million mobile phone connections in the country, whereas credit card holders are far lower as compared to number of mobile phone users. Hence, mobile for payments is being considered for quite some time as a progressive step forward. As reported by The Times of India, RBI said in the policy statement "The rapid expansion of this mode of communication and transaction have thrown up a new delivery channel for banks." RBI further states, "This channel will definitely facilitate small value payments to merchants, utility service providers and the likes and money transferred at a low cost." The credit card market is going to witness some more progressive changes in this year. A joint venture between Life Insurance Corporation of India (LIC) and GE Money is likely to launch its first product by the end of 2008. As reported by Business Standard, the venture is now on cards. But we have sorted out those issues (conflict of interest). Currently, we are looking at human resources-related issues. The two financial giants are planning to launch the card by the end of the calendar year. Once the credit card is launched it would be offered only to LIC customers and policy holders in the first year. GE Money has a 30 per cent stake in the card venture, while LIC Housing Finance Company, LIC Mutual Fund and Corporation Bank have 5 per cent each in this venture. LIC will have 40 per cent in the company, which is capitalized at near about Rs.150 crore. LIC is yet to take a decision about the remaining 15 per cent stake of the total investment. In another positive development, ABN AMRO with India's travel portal MakeMyTrip.com launched a distinctive co-branded credit card, 'Go Card' recently. The card offers special reward benefits and good range of travel-related promotions and packages. Credit:1888articles

Secured loans: great opportunity to avail low rate finance

Secured loans are collateral based loans that offer finances to borrowers at very cheap interest rates. Because of its secured nature, bad credit borrowers can also avail the loans. With the assistance of these loans, borrowers can meet their various demands.

When the opportunity knocks, it better to take it otherwise you may not know how and where it will come. In the same sense, it can be said about the finances too. At a time when the financial market is offering lot of options, it is better to grab one and go for the kill. Secured loans are one such option which can be availed by the borrower to fulfill his various dreams and wishes. Secured loans are by nature collateral based. That means, to avail these loans you have to pledge any valuable property such as home, car, real estate or any other valuable document as collateral. This collateral acts as a security against the loan amount which provides an assurance to the borrower that the amount is safe. If in case, you fail to repay the borrowed amount, lenders have the right to seize and sell the asset to recover the borrowed amount. Under this loan program, you can borrow amount in the range of £5000-£75000. With the amount you can use it for home improvement, buying a car, holiday, consolidating debts etc. The amount is influenced by the equity value of collateral which means collateral of high equity will help the borrower to fetch a larger amount. One more attraction of availing the loans come in the form of cheap interest rates. This implies that the borrower can easily repay the entire loan amount. The duration of repayment is also quite larger as you can choose the repayment period in between 5-25 years. Having bad credit history like CCJs, IVA, arrears etc do not come in to your way as these loans are secured against an asset. For quick and low cost, you can use online for applying the loans. Here the processing of the loan is done in such a way that it gets approved instantly. Besides, the lenders do not take any fee for processing the loan amount. Also comparing the quotes of various lenders online assist to select a deal based on the borrowers convenience.

Credit:1888articles

How To Avoid Bankruptcy And Become Debt Free

There are ways to prevent bankruptcy and to keep debt at a reasonable level in order to maintain a healthy financial situation.

Many events may drive you to bankruptcy. Actually, except in certain situations, bankruptcy is nothing but the result of a buildup of unfortunate financial decision and unexpected events. Nevertheless, there are ways to prevent it and to keep debt at a reasonable level in order to maintain a healthy financial situation. Planning Ahead Unless you are a fortune-teller, you can not foresee what is going to happen in the future. Therefore, you should start preparing for the unexpected. It may sound pointless but the truth is that if you have enough savings you will be able to avoid getting in debt most of the time. In order to be prepared for what may happen, you should always make a budget and stick to it as tight as possible. Within the budget you need to include all your income and expenses, including your debt installments and an average of credit card payments. You should make a plan for reducing your debt progressively. If you can take a low interest loan to pay off your credit card debt, then you should make payments above the minimum in order to keep reducing your debt. You need to always pay at least a little more than the interest charged for financing. An excellent idea is to leave round numbers in your balance. For example if the overall debt is $2423.15 and the minimum payment is $380.57 then, you can pay exactly $423.15, so the amount you owe would be $2000, which is an amount easy to trace in the budget. Order Your Payments According To Importance Even though the above idea is useful, you should always pay more than the minimum in your credit card balances. Moreover, you should pay as much as possible since credit cards carry the highest interest rates. First of all you should pay for essential services and expenses. But immediately after that you should try to cancel the highest interest debt. Though you should check the interest rates charged along with any other costs and fees. The usual priority order according to the interest rate charged is: Payday Loans and Cash Advance Loans, Credit Card Balances, Personal Loans, Car Loans, Home Equity Loans and Mortgage Loans. If feasible, you should try to get rid of the first ones as soon as possible without neglecting paying the others, especially those who are guaranteed by an asset such as mortgage loans and home equity loans. Consolidation Loans If you can request and get approved for a consolidation loan, the main problem would be solved. You will use the money to cancel high interest debt like payday loans and credit card balances. Afterwards you should avoid incurring into more debt and you should always keep your budget balanced. After Debt Reduction After you get rid of your debt, or even when you have it under control you need to start putting some money aside in order to save for any unexpected event. This way, you will be able to avoid getting yourself into the vicious circle of debt again. If you ever need to use that money, make sure to rebuild your savings fast as soon as the unexpected event’s consequences have passed.

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