The secret of success in Forex trading

Many people start with Forex and many people close. The secret of their trading is not known and many have their own thinking. When you are a trader in this market, you have to know one thing. You cannot get help from the traders. You may think trading with groups will help you to get better profit in Forex but it will not. The traders who trade in the group in Forex are the weakest of the traders and they know they cannot have the profit by themselves. They seek the help of other traders but they cannot tell. The best way is to follow the strategy of other traders. This is not the secret of success in Forex. You are your won help in Forex. This article is going to tell you what the secrets of Forex are. Do not think we will tell about some magic that existed in Forex and this is how the legendary traders had made their profit. The secrets of Forex are open and you can also allow it in your career after you read this article.

Becoming a successful trader in the online trading industry is not easy. The professional Aussie traders have spent years to master the art of trading. If you want to see yourself in the line of successful trader you have to work really hard. The moment you step into the trading world is the very moment you start challenging yourself. Never trade this market with your gut feelings. You have to develop a strong trading system so that you can easily make a profit at any market conditions.

The expert traders do nothing most of the time

The professional traders do nothing 99% of the time. They wait on the sideline until they get a clear shot. Even after getting the best trading opportunity they never risk too much. Trading CFDs is all about risk management. You need to consider this profession as your business to make profit consistently. Try to educate yourself so that you know the dynamic nature of this market. Never trade with the money that you can’t afford to lose.

Patience

Patience is the secret of success in your career. It is not only for your trading career in this investment market but also for your life. If you are not patient in Forex, you will not know when you have closed the trade and have lost the profit. Many traders have perfect timing and they make a good profit. It is important that you close the trade when you can have the profit in your account. If you are not patient, you will close your trades early and you will lose the money. The market is not going to give you profit at the time when you have placed the trade. It will start by giving your brokers the spread and you have to overcome that amount by waiting. If you are not patient and want your profit to rise up magically, you cannot continue in the long run in Forex.

Money brings money, invest in professional courses

You cannot only open your account in Forex and expect the profit will come to you. You have to invest your money and that is the professional courses.  These professional courses are different than your website and magazines and they can tell you where you are mistaken. Do not underestimate these courses. The professional courses can make your year ahead on the market. At some point in your career, you will need to invest money to take these professional courses. These courses can help traders to achieve their goals.

Years of practice

Do not lose hope and know the success is very near. The more you practice the more you will get your edge on the market. Traders do not realize that and they make trades that do not make money. Practice in demo accounts and you will be a successful trader.

 

Newbie Mistakes in Precious Metal Investing

There’s enough talk of currency devaluation and potential market crashes to make the most stalwart among us think about investing in physical precious metals, even as a diversification.

Gold and silver are the most popular precious metals for investors; gold is much more expensive than silver, so if you can only afford silver at present, don’t worry, just go for it – it’s a start!

Before you start, though, take this very sage advice so you don’t fall prey to these rookie errors.

Going in blind

If you just pile in one day and buy everything you can afford, you could look at the prices of precious metals a week later and find that you bought at the height of the market and if you’d just waited, you could have bought a lot more with your funds. Watching the prices of metals for a while means you can avoid purchases when the prices are higher, then buy at the bottom of the market and watch your investment increase in value.

Not shopping around

You should always compare prices and find out more about the dealers you’re looking at. Some sellers are just out to make a quick buck and they’ll see your inexperience, which could make them sell to you at an artificially-inflated price. You’ve essentially thrown that extra money away, so spend some time getting a feel for market averages before you decide on the right dealer.

Buying scrap gold and silver

Just don’t do it! No-one wants to bother with tatty old jewelry at the best of times, let alone a financial crisis. Scrap gold and silver is not an investment unless you have your own smelter! In addition, your scrap gold and silver may have lower-than-ideal percentages of gold and silver in it!

Buying from an unverified online seller

If you go off the beaten track you increase the risk of buying fake products or coins and bars of low purity. Worse still, you could end up with entirely fake bars and coins or even nothing at all to show for your money. Make sure you only buy from well-established specialist bullion dealers – in person or online.

You don’t diversify enough

You should have larger and smaller bars and coins of at least two metals. Gold and silver are ideal, but if you can afford some platinum then buy it. You also need different sizes so that you’re not stuck trying to split a 1oz gold ingot in a time of emergency.

Not looking at the purity

You should buy as pure as you can – 99% or 99.9% – because bars and coins that are 90% pure don’t actually cost that much less and you may have difficulty shifting it when you need to. It’s better to spend $500 on silver that’s 99.9% pure than $450 on the same weight that’s only 90% pure.

Concentrating too much on metals

We still are using paper and electronic money, so don’t tie up all your funds in metals. We’re likely to be using paper money for ten or so years yet, so carry on paying your bills, grocery shopping and mortgage with your usual funds! Don’t overbuy on metals, you need some liquid assets for quite some time yet.

 

Selling My Dream House

With the original cobblestone fireplace from 1876, this grand entrance welcomes you into this one-of-a-kind home.

Do you have a dream of owning an amazing historic Craftsman home? I did.

Surprisingly, I’m truly excited to share that my dream house is now for sale. Check out the listing for 726 7th Street Astoria OR.

With a cobblestone fire place from 1876, it’s an incredible example of Craftsman architecture, and in my not-so-humble opinion, it’s one of the most beautiful homes in Astoria, if not the planet. Plus, the most amazing view and location, just blocks from Buoy and all of downtown.

I know living in such a grand home isn’t for everyone, but I loved it. I truly worked my ass off to make it not just my dream house, but our home. I loved transforming it from a dusty, dark, cluttered and slightly run down house to one that felt lived in and loved. When we had the house on the Assistance League’s Home and Chef Tour (which raised over $18k for kids who need clothing), it felt so wonderful to get compliments from guests who said they could feel the love when they entered the door. 🙂 

I shared the story two years ago about how I manifested my dream house, and a year later about how it had become My Historic Money Pit. On my family blog I shared how we wanted to attract co-housing renters in the basement, but what I never shared how I worked for months to turn the Theater into an Aibnb rental, where at $40 a night, we’ve made over $1k a month in the winter months, and more in the summer. Between the two rentals, it nearly pays the mortgage (and if we had stayed we would have refinanced with the new policy that allows home owners to count Airbnb income to lower their rate/payment). For someone who wants to have an Airbnb lifestyle, hosting guests from near and far, the place is perfect.

That had been our plan, along with happily ever after, but as it turns out, I started the new year deciding that it was time to end my marriage. Blessedly, we’ve been as amicable as possible, but I also felt in my heart that I had to let go of my dream house to actually live my dreams.

In this case, our loss will be someone’s gain. We’ve priced the house $20k below what our realtor thinks we could have listed at in order to get buyers to bite faster. We’ve worked hard for the past two months to move my stuff and get the place gleaming. I am certain that the house hasn’t looked this good in a hundred years!

The good news is that since the listing went live, we’ve gotten over forty hearts on Zillow. I know many will admire it, but we only need one buyer who is ready to own their dream home. 🙂

Lastly, I just want to sent out a little woo-woo vibes for an easy sale. Who knows, maybe this post will randomly get sent to a friend of a friend whose inspired to live in Goonieville. Believe me, if I was independently wealthy, I would buy the place again in a heartbeat. 🙂

Peace,

Darcy Rose

PS Talk to me if you too have the dream of creating a boarding house for women and children who are transitioning due to divorce. 😉

The most amazing sun room overlooking the mighty Columbia River. My favorite place for tea or wine.

Beautiful music parlor, and we’re planning to sell the piano and most of the furnishing for a great price.

It’s hard to pick a favorite room…too bad they couldn’t take a pick up the no-so-secret room. 😉

Penniless Preparations – 5 Tips For Buying a Car on a Budget

Time and tide wait for no man – or so the saying goes.  Neither does the relentless need to get to work, drop kids at school or pick up the groceries.

Whether you are a first time car buyer or an experienced driver who finds themselves a little short in the bank account with a dead car in the driveway, finding the best car deal on a budget just can’t wait.

Fortunately, with a little know-how there are some great deals out there if you know how to find them.

Tip 1 – Finance facts

Taking out a car loan makes sense as it frees up your cash for day to day expenses.  However, don’t wait until you have found the car of your dreams before thinking about getting the finance to pay for it.  Dealerships are renowned for the high cost of their financing and restricting your search only to car yards limits your options.

Car finance providers, such as Latitude offer the flexibility to purchase from both dealerships and private sellers; increasing your buying power.  They also provide the capacity to take a month off from repayments in the event of unforeseen hiccups or to adjust the repayments to suit your circumstances.

Tip 2 – Auctions

After a recent hail storm in Melbourne, many car dealerships, including Mercedes, found their entire fleet significantly and irreparably damaged.  The bulk of these luxury vehicles ended up in motor auction rooms – going under the hammer with no reserve.  This means in theory at least, that a buyer could pick up a brand new luxury car for $1.

Whilst the bargain buying wasn’t quite that good, the savings were nevertheless, substantial.  This windfall for buyers may have been a rare event but weekly motor auctions are held throughout the country and offer savvy buyers the chance to pick up cars at genuine bargain basement prices.

These auctions are a case of ‘buyer beware’ so take along a mechanically knowledgeable advisor.

Tip 3 – Old New

The good news is that as soon as a new car has been driven off the lot its value decreases by an average of 11%.  That means you can grab a bargain with low mileage simply by looking for demonstration or last year’s, models. The balance to this is that warranties may not be transferable so check.

Tip 4 – Private pick-up

Buying a car privately is a double-edged sword.  The cost of the car is often lower than a dealership and open to negotiation but you are buying a car with an unknown history and without a warranty.

A number of reputable companies such as RACV and Redbook offer pre-purchase inspections to avoid the disaster of buying a lemon or someone else’s money pit.  To avoid having to outlay for inspections multiple times do your due diligence.  Ask pertinent questions such as:

  • Does the seller have a genuine reason for selling?
  • Does the car carry a valid roadworthy certificate (RWC)?
  • How does it drive? Does the car display:

○    Visible oil leaks

○    A clunking noise when turning the wheels

○    High engine temperature while driving

Tip 5 – Do the legwork

It may be obvious, but the best way to get the best buy for your buck is to shop around.  There are a multitude of online and physical car sites brimming with sellers keen to make a deal.  Each one will be driven by differing factors so some will be more open to negotiation than others.  It pays to ask questions to get an idea of vendors circumstances and motivation to sell.

Do your research about which cars are the most reliable on the market to optimise the chance that your purchase will not only save you money now but continue to do so for a long time to come.

Selling a used car is not easy.  Tyre kickers and time wasters abound.  If you are a genuine buyer with your finance organised and ready to go, you have put yourself in the driver’s seat to negotiate substantial savings.

Solar Saving – The Future of Australian Energy?

It is estimated that the Earth receives over 173,000 terawatts of energy every year; more than 10,000 times what humanity needs. The challenge, therefore, has always been collecting that energy. Solar power is generated when energy from the sun is converted into electricity or used for thermal energy.  Australia has the highest solar radiation per square metre of any continent, and as a result, we also possess some of the best solar energy resources in the world. Despite this, solar energy accounts for only about 0.1 per cent of Australia’s total primary energy consumption.

Renewable energy policies and national targets, has resulted in substantial research and development programs related to solar energy across Australia. Furthermore, the Australian government has supported the future of Australian solar energy, by providing numerous financial incentives for choosing to switch to solar. With the highest rate of concentrated solar energy in the world and the increased development of solar thermal plants, it’s clear that solar power is the future of Australian energy.

Uses of Solar Energy in Australia

Solar energy systems in Australia are used to power homes, businesses, cars, appliances and cities. Australian homes with solar panels use the panels as either the primary or secondary source of electric power. Large scale concentrated solar power plants provide electricity to numerous businesses and homes, and also provided heated water for domestic use.

Many new Australian home designers have also embraced the use of solar energy systems when constructing new homes. These homes are constructed with specially designed roofing, windows and the overall architectural alignment to be facing the sun, providing favourable conditions for the collection of solar energy.

Why solar?

Financial benefits:

In the five years between 2008 and 2013, the cost of solar panels fell by over 50 percent.  While solar power systems are costly to set up, these costs can often be offset by Government incentives. As you create your own energy, you use less from the power grid, drastically cutting down your power bill. In most States and Territories you can also sell excess electricity back to the power grid, providing you with added cash if your panels generate more electricity than required.

Solar panels make your household free from the price increases of electricity companies. As a provider of your own electricity from a renewable source, you can reduce your household’s dependence on fossil fuels and energy providers. This also provides an attractive feature to your house, potentially adding market value.

Environmental benefits: Installing a solar power system at home can reduce your carbon footprint. Unlike traditional sources of electricity from the grid, solar energy is green, clean and renewable. It also does not release greenhouse gases or other pollutions when in use. Solar energy is now deemed one of the most important solutions to the global warming crisis.

Employment benefits: Solar power has become a job-creating powerhouse in Australia. In fact, money invested in solar power creates two to three times more jobs than money invested in coal or natural gas.

Energy reliability: Australia constantly suffers shortages and restrictions in oil and other forms of energy. Solar power provides energy reliability, as the rising and setting of the sun is extremely consistent. Seasonal and daily projections for the amount of sunlight to be received, and the ability for panels to store sunlight, makes solar power an extremely reliable source of energy.

Exciting developments

The development of cheaper, more efficient solar cells is key to the industry’s growth. An emerging type of technology, known as the “perovskite” solar cell, has been deemed by scientists as the face of the future. These cells are said to be cheaper and more efficient than their current silicon counterparts.

Solar power is now predicted as becoming dominant form of power, both on an industrial and individual scale. With research and development contributing to better and more efficient devices, new solar products providing the ability to store energy for longer periods are on the horizon. As a leading source of renewable energy, solar energy is set to change the future of energy in Australia forever.

Bio: Laura Costello is a recent graduate of a Bachelor of Law/International Relations at Latrobe University. She is passionate about the law, the power of social media, and the ability to translate her knowledge of both common and complex topics to readers across a variety of mediums, in a way that is easy to understand.