Forex Trading - Technical Analysis

Technical analysis tries to forecast future price movements by analzing past market data. One of the basic principles of technical analysis is that historical price data predicts future price action. Whereas the forex is a 24-hour market, there tends to be a signifcant amount of data that can be used to determine possible future price activity. This makes it an ideal market for traders that use technical tools, such as trends, charts and indicators. There are three basic steps forming the basis of technical analysis: 1. Market action discounts everything! This means that the price is a reflection of all components that is known to affect the market. Some of the factors are: fundamentals, supply and demand, political pressure factors and market sentiment. Pure technical analysis is only concerned with up and down price movements, not with the reasons for those changes. 2. Prices move in trends. Technical analysis is used to calculate patterns of market behavior. That market behavior has been recognized as significant. For many given patterns there is a high probability that they will produce the expected results. You should also be aware that there are patterns that repeat on a predictable basis. 3. History repeats itself. Forex Trading chart patterns have been recognized and categorized for over 100 years, and this leads to the conclusion that human psychology changes little over time. Since patterns have worked well in the past, it is assumed that they will not change in the future. Technical analysis goal is to forecast price trends in future based on historical data along with the volume. Any private investor can access the technical analysis tools in order to compute his or her trading decisions. Technical analysis has been in use for centuries, that's why its premises are based on the experience, prolonged observation and can be considered quite reliable. Japan traders have been using candlestick techniques since in the 18th century, so, it is thought as the oldest one Even fundamental traders will glance at a chart to see if they're buying at a fair price, selling at a historical top or entering a sideways market. Useful technical analysis tools RSI (Relative Strength Index) - The RSI is a price-following oscillator that ranges between 0 and 100. Chart patterns - Trend, Support, Resistance, Flag, Pennant, Wedge, Gap, Head and shoulders, Rectangle, Ascending triangle, Descending triangle, Symmetrical triangle, Breakout, Double top, Triple top, Double bottom, Triple bottom, Price channel, Rounding bottom, Rounding top. Fibonacci - Interpretation of the Fibonacci numbers in technical analysis predicts changes in trends as prices approach lines created by Fibonacci studies. When used in technical analysis, the golden ratio is typically translated into three percentages: 38.2%, 50% and 61.8%. Technical analysis is valuable because every possible bit of information is included in the price of a security, it is not necessary to analyze the fundamental, economic, political, etc. factors that might influence that price. Because all available information is already included in the current price, just a study of the price movement is required. This is just a very basic introduction to Forex Technical Analysis. You should do much more reading before investing your hard earned money. There are some amazing autopilot Forex Trading programs available. You might be interested in researching this type of automatic trading.

How to Eliminate Debt

To eliminate debt your number one priority is to not add to it. Paying down a credit card debt to only head out and use it again and again will ensure you never eliminate your debt. To become debt free you need to tackle one debt at a time; a relentless rolling payment plan is the key to financial freedom.

Taking on one debt at a time is a well proven method of beating down your debt chunk by chunk. Once you have paid off one debt you simply roll that debt's old payment dollars into your next debt. This will result in all your debts being paid off much quicker than otherwise would have been and the savings in interest payments could be enormous. Choosing which debts to eliminate first is easy. Simply start with the debt that is incurring the highest amount of interest.

Write all you debts down in order of highest interest first and the current balance. Next to each debt write the monthly required payment. From here you can see quickly where to begin and how much extra you'll be able to contribute to each of your debts as you roll payments down the line when the first debts are paid off.

Are Your Debt Repayments More Than You Can Afford?

It sounds simple to just eliminate your debts one by one but it isn't always that easy. Sometimes there isn't enough money to meet all of the debt repayments let alone pay one off completely and merge that extra money into another debt's monthly payment plan.

If your debts are more than you can handle then another option is to consolidate some or all of your debts into one new loan. This makes it easy to manage with just one repayment, one lender and one debt to focus on paying down. Debt consolidation isn't always the best way to save you money over the long term but it is certainly better than ending up in court or worse still being made bankrupt.

Overspending; buying material possessions that you can really do without and not sticking to a budget are all enemies of your goal to eliminate debt and be free. Short term gains such as big screen televisions are ultimately your long term pain. In just a few short years most people can manage to pay off large amounts of debt when they put their mind to it.

The collapse of mortgage lenders on wealth management

The collapse of mortgage lender and austerity IndyMac Bancorp in July may not accept amorphous with belletrist of admonishing from Sen. Charles Schumer (D-NY), but the cyber banking casework industry and the abundance administration profession would do able-bodied to bethink the consecutive events. The senator's belletrist to several cyberbanking blank agencies, including the Office of Austerity Supervision and the Federal Deposit Insurance Corp. (FDIC), triggered an ancient coffer run on Pasadena, Calif.-based IndyMac. Eleven business canicule later, depositors had aloof $1.3 billion of the bank's about $19 billion in deposits, afore it was taken over by the FDIC. That bearings was just the alpha of a continued weekend in the cyberbanking casework sector. Mortgage giants Freddie Mac and Fannie Mae, adversity from an advancing crisis of broker aplomb of their own, were accustomed a buoy from the federal government, in the anatomy of a acting access in their abiding curve of credit. According to industry observers, the apathetic storm wreaked so abundant calamity in mid-July that it should forward a able arresting to abundance administration professionals: Do not yield the basics for granted. Indeed, there is acumen to accept that one investment action that has accustomed absorption lately-going it abandoned with no adviser at all-may get even added application now. "In this market, aggregate is upside down," says Michael Sonnenfeldt, cofounder of Tiger 21, a 160-member investment club for ultra-high-net-worth individuals. Cyberbanking advisors, he adds, accept to advance relationships with admired audience at times like this. It's one affair for affluent entrepreneurs to lose money on their own bets in, say, gold or futures-or even on bets recommended by abundance managers-when those wagers appear with well-understood risk. But with attention to what Sonnenfeldt says are structural issues-meaning backing in banknote or cash-like auction-rate balance or Fannie Mae and Freddie Mac-wealth managers are generally as abundant in the aphotic as their clients. "[Wealth managers] accept a business to bottle and sometimes they are not absolutely admonition what they know-or what they don't know," Sonnenfeldt says. Members of Tiger 21 do not consistently advance on the admonition of a abundance manager, he says. Those who go it abandoned await partly on the club's approved bedfellow speakers and the aggregate ability a part of adolescent club members. So as the troubles of mid-July unfolded, the reactions of Tiger 21 associates were about the aforementioned as they had been afterwards two added contempo blowups in 2008: They started communicating with anniversary added directly. One of those blowups abundant over the spring, amidst the freezing of the bazaar for auction-rate securities. During that episode, some club associates aggregate insights about the accomplishments taken by their cyberbanking admiral to balance their portfolios. In some cases, Tiger 21 associates accustomed loans adjoin those portfolios. Such information-sharing benefited the accumulation because abounding added associates were able to beacon assets out of auction-rate balance afore that bazaar stagnated. "A bulk of our members, in the endure anniversary or two, accept been apprehensive whether the money-market funds that they had invested in were captivation any Fannie [or] Freddie paper," Sonnenfeldt reports. At columnist time, Tiger 21's acknowledgment to the accepted bazaar woes was still unfolding. Banking disinterestedness analyst Richard Bove, for one, was not absolutely accessible to acknowledge a actual impact. "Wealth administration is impacted by the markets, not bank-loan issues," he says. But even by that measure, things aren't that great. By July 14, investors had spent a weekend digesting a diet of bad account about IndyMac, Fannie Mae and Freddie Mac-and watched that day as Treasury yields abandoned on the 10-year addendum and the 30-year bonds. Plus, investors were authoritative a flight to superior abroad from animation in added markets. Through mid-July, the S&P 500 Index had collapsed 16% on the year; both the Nasdaq Composite and the Dow Jones Industrial Average had as well abandoned by amid 15% and 16% each. To be sure, not all high-net-worth investors will go it alone. Abounding of Tiger 21's members, for example, accept acceptable alive relationships with their abundance managers. But the club starts with the acceptance that abundance administration is not a priesthood. "What our associates are a lot of anxious about is that the apple has become added circuitous than anytime before, added quickly," Sonnenfeldt says. "Wealth managers who do not accept to that complication and get on top of some of the bulk basics-and add accuracy so their audience accept the risks-are in for some absolute trouble." One industry analyst explained the affairs that affiliated the general-market downturns and the appulse on the abundance administration bazaar by application history as a guide. In the deathwatch of the adverse abortion of the savings-and-loan industry in 1989, the Resolution Trust Corp. was formed, and ultimately purchased $125 billion in loans from the asleep banks and issued government-backed debt adjoin them, Merrill Lynch economist Sheryl King wrote in a address anachronous July 14. That bulk accounted for 2.25% of the prevailing gross calm product. In a worst-case-scenario of a bailout of Fannie Mae and Freddie Mac, the government ability end up against some $300 billion, or about 2.1% of today's $14 abundance U.S. economy, King wrote, abacus that added phases in the cyberbanking crisis accept yet to unfold. The apartment market, for one, charcoal tenuou credit:Yogesh Kumar

The Newest Online Banking

Do you still queue up in the bank to pay your credit card bills or patiently wait for your bank statement to arrive in the mail? Welcome to the internet age. Online banking has now become an alternative to going to the bank physically to transact business. It uses today's advanced computer technology to give users the option of doing away with the time-consuming and paper-based aspects of conventional banking in order to better manage finances more efficiently and easily.

With internet banking, you can monitor and perform banking transactions online, whenever and wherever you want as long as there is internet access. It lets you bank with maximum convenience, ease and security through the latest technology and it is for free.

Online banking offers a varied array of convenient and secure features for customer banking needs. Suffice it to say, you can do almost everything you need to do from the comfort of your home or office. Moreover, internet banking has been enhanced with even more customer-friendly improvements to make online banking much easier and safer.

Bills Payment - There is no need to line up at payment centers to meet your payment due dates. Pay your utility and credit card bills online at your convenience. You can also set up scheduled payments for recurring transactions. You get to receive an online payment confirmation number for reference. This service also allows you to view pending and past payments. You can add payees as well as delete payees you have created.

Account Details - Keep track and manage your accounts anytime, anywhere. View balances and updated transactions of your savings and checking accounts credit card statements, time deposits and loan accounts. Peruse your previous transactions. Export your transactions into a selected range of personal financial management software packages. You can even print your account statements.

Electronic Statements - With electronic statement, there is no more waiting for the mail. You can receive your bank statement through email or view online all day any day. Access past statements for easy reference. Some banks even offer interactive electronic statements with check images and notices and search for specifics such as check numbers and amounts.

Fund Transfers - Transfer funds between your accounts within the bank or just as easily to other accounts in other local or foreign banks. For transfer to other accounts, an online activation code is used to ensure that funds are transferred only to registered payees. You can also request for demand drafts. Set up scheduled transfers to accounts within your bank. Define the amount, affectivity and frequency of your payments. Banking Alerts - Receive email alerts notifying you of important bank and credit card movements. If your balance falls below the minimum requirement or a posted check caused large withdrawal from your account; an alert will be sent for your review.

Banking Services - Book time deposit and provide instructions online. Order new checkbooks. Request for stop payments on checks. View posted check images online. Obtain quotes for investment products. Purchase bank draft. Request to open new accounts. Enquire about the latest interest and foreign rates. Pay taxes online.

Online Security - Banks use the latest and most secure technology. SSL encryption codes protect online bank transactions. Users are also given Security Device that generates a unique code to ensure bank transactions enjoy a high level of security. Other online security features include computer firewall protection, user ID and password authentication with code encryption and digital certificates.

credit:goarticle