New Forex Trading Strategy

Saturday, September 19, 2009

Protect Your Investment Property"Conduct Move-In Reports

By Dana Powell

Move out reports and security deposit reconciliations are by far one of the least favorite things for landlords to conduct. Often is it because they don't know exactly what condition the property was in when the tenant moved in.

That is where the move-in report comes into play. Having a detailed move-in report will save you in the long run. You will have written documentation to hold the tenant accountable to.

Take your time when conducting the move-in report, the more detailed you can be now, the more it will benefit you when the time comes to perform the move out inspection.

When conducting the move-in, it is best to start in one room of the house and move fluidly throughout the home. Often times it will be the living room, because it is typically the first room you enter. Remember the more detailed the better. Marking the living room as good just will not cut it.

Start from the ceiling and work your way down to the floors. Are there hooks or cracks in the ceiling? Is the popcorn crumbling in some areas? Check to see if the ceiling fan works properly. Make sure all the lights are all working properly

As soon as you finish one area (ceiling, walls, ceiling fans, etc.) move on to the next. Does the room have a sliding glass door? Is it in proper working order? Are there any blinds or drapes? Is the screen door free from dents or holes?

Proceed in the same manner throughout the rest of the home. Go through each and every bedroom and bathroom. Examine ever cupboard in the kitchen, open the stove, and check for leaks in the sinks or showers. Don't forget any extra rooms like an attic or laundry room.

Taking pictures of the home is always a good idea, especially focus on areas of concern or new items through the house. Documenting the outside condition is vital as well. Check the exterior lighting and fences. Is the yard alive, recently mowed or raked?

When you have completed the move-in report; have your tenant look it over and check the information, make sure they sign and date it. Provide them a copy of the report and allow them a defined set of days to come back with anything that may have been missed. A hole in the wall reported two months later is not acceptable.

Hopefully you can see why conducting a complete and comprehensive move-in report really is crucial. You wont mistakenly charge your tenant for damage that was already present; and you wont have to bear the costs of any new damage when they leave. - 23305

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What Is The Traders Mindset & Risk Psychology?

By Ahmad Hassam

Emotional demons like fear, greed or regret will try to haunt many traders. Even great traders struggle with their inner demons from time to time. Every great trader has a deep understanding of his/her psychology. Your personal trading psychology affects every trade entry and every trade exit that you make.

The more you develop the traders mindset, the quicker you will confront your demons and the more success you will have in slaying them. In your journey from a novice trader to a master trader, you will have to keep an eye on your trading psychology.

There are certain traits that help traders and investors make consistent profit in the markets. Some of these traits will come naturally to you as a trader. However, others you will need to cultivate and acquire. Now this is what you feel when you acquire the traders mindset:

a. You will stop worrying about the money and start believing in your trading system. b. Trading and investing are inherently risky. You will accept risk in trading and investing. c. Even great trader cannot avoid a losing streak. You will accept winning and losing trades equally as a part of trading. d. In the end you will start enjoying trading. e. Every time you lose, you wont feel being victimized by the markets. f. Learning is a continuous process. You will be always looking to improve your skills. g. The trading profits will start accumulating and start flowing into your bank account as your skills improve. h. With experience you will be more open minded in your reading about the markets. You will want to keep your opinions to the minimum. i. You will want to learn from every trade or position. j. You will try to align trades in the direction of the market and try to flow with the market.

There are certain destructive emotions that confront each trader. You cannot achieve the traders mindset without overcoming the destructive emotions in you. You will have to face these destructive emotions when trading:

1. Most of us fear failure! So fear of taking a loss and the fear of being stopped out is going to haunt you. 2. Anxiety will make you get out of the trades too quickly. 3. When you are not in control you wish and hope that you will make a winning trade. 4. You will feel as if being victimized by the market and will feel anger after a losing trade. 5. Never ever trade with borrowed money. It can ruin you. Trading with borrowed money or trading with money that you cannot afford to lose is a destructive emotion. 6. When you think adding on to a losing position can help you avoid a loss. 7. Just like addiction to gambling, compulsive trading 8. Excessive joy after winning a trade. You are tying your worth to the market. 9. Poor trading accounts profits. This results in poor self esteem. 10. Not following your trading system. You dont believe in your system or you havent tested it well. 11. Second guessing your strategy. Fear of loss can paralyze you. 12. Not trading the correct trade size. The trader might be refusing to take responsibility for managing the risk or be too lazy to calculate the proper trade size. 13. Trading too much. You feel like conquering the market which you cannot do. 14. Afraid to trade. This happens when there is no trading system in place. 15. Irritable after the trading day. Trading is like an emotional roller coaster due to anger, fear or greed. This happens when there are unrealistic trading expectations.

Try to take a look into the mirror and see if you are experiencing any of these destructive issues. This exercise will help you identify your strengths and weaknesses. When you find one of these emotions in yourself try to isolate and defuse it.

Once you have identified a certain destructive emotion present in you, try to write it down and find a solution. Just the action of writing it down will help you bring one step closer to nirvana. In essence, getting the Traders mindset is getting to a place of profitability, peace and bliss. - 23305

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The platform that makes Forex Software System Trading Child's Play

By Henry Hepner

Believe it, the profit or loss on any specific trade is not the focal point of the successful traders of today. But as an alternative the focus has turned to magnifying procedures that continue to work again and again. It can be understood that the Forex software system trading will analyze the trade signals with the accuracy and the speed to give you the knowledge and skill to make sound trading decisions, making it child play.

Analyzing the market is how the new robotic systems perform, along with placing the buy and sell orders to your Forex broker. This software is also designed to permit you to visually picture back testing for your trades. You can see them on a historical data chart, where you can validate that your trading strategies are running productively.

A trading system that is not shy of any distinctiveness, easiness and effectiveness. Becoming an expert of trading is not a prerequisite. This system of trading software proves that trading does not have to be rocket science or some set of hurdles of tricky calculating processes.

Disadvantage Without Automatic Systems

To be sure it is a demanding process to research a given currency or to chart proceedings to function for trades. We are reminded there is a 24 hour marketplace that is not constant. But as I glance at the thought that not having some system in place to help with my trading, would mean the rest of the matters of my life will have to be decided on which is more important. Getting ahead with my trades, meaning the hindrance without an automatic software or my obligations that must be taken care of, both are a priority.

Advantages of Automation

The best thoughts about being a trader with a software system is that it is an automatic system that, 'it works automatically'(smile). When you think of what the software is doing in refinement and difficulty, while providing a trader with the opportunity to reap from the efforts of the programing, it is more than astonishing. This is seen by many as a great way to trade Forex markets with ease and confidence. And if you will, there is no prior experience that is required, to build short or long term campaigns, which is a very time efficient outlook.

Across the board the Forex software system trading, that are available today are really exceptional and very wide-ranging. From strategy to real trading on the Forex exchange these automated software systems are a desired commodity. Trading on a fully electronic basis have become very popular in this day and age.

When you can adhere to the guide lines of the program, the apple of your eye is attainable. Personally since I dared to venture and experience the good of automatic Forex system trading, I would not travel any other way. I try not to get too wild in my dreaming, but I can see the possibilities ahead.

The system is just about entirely hands free and has succeeded in producing money making trades over 85% of the time for me. There is also with the stability of making between 12-18 currency trades per week, not bad.

For the purpose of purchase and sell of foreign currencies, allow me to share this thought, whether early retirement, living life after retirement, planing for our children, to ease your situation, or just getting ahead, the Forex trader wants to profit from the efforts put forth plain and simple. The greatest distinguishing trait or quality is the ease and the steady performance of the Forex software system trading, to adhere to and produce for your aspirations, dreams and goals. The plans we make for ourselves and family is why we look for a greater tomorrow and to take at least one obstacle out of our way. - 23305

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The Differences Between Short And Long Term Investing

By Sam Smith

During this turbulent economic time where stock market indexes are plummeting and rising almost every day due to the crisis calls for a special investment plan so that risk is minimized. There is a need for the clever planning of investment and saving strategies so that they reflect the changing nature of the playing field.

There are different ways to invest in the stock market regardless of what state the market is in. You have probably heard about the conservative and the radical approaches to stock market investing many times in the past. The question is which one is the best way to use in times like this where the market is turbulent.

The most commonly known type of aggressive investor is the day trader. Day trading means that the investor functions in a short time frame by buying and selling their investments in short intervals and sometimes many times in a single day.

Conservative investors are the ones that dont ride the market per se. They dont rely on statistical analysis like the day traders do. Conservative investors look at market trends and examine a companies history, management and resources.

When investing in turbulent economic times like the ones we are going through right now it is important to be able to minimize your risks. The way to do so is by varying your investment strategy in a way so that at least your risk is spread. This way when something goes bad you still have your other investments working for you.

There are positives and negatives with both kinds of investing, short and long term investing. Short term investors enjoy the perils of having the ability to opt out from an investment at any given point. They can also make money without necessarily waiting for results. On the down side short term investors such as day traders must constantly work to get the most out of their investments.

Long term investors on the other hand dont really have to be on the lookout all the time, they buy and hold. This strategy involves much less stress than the day trading approach. The problem with long term investing is that it is difficult to jump out of an investment if it goes south. - 23305

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California Tax Free Municipal Bonds

By Samuel James

Stock market investments are considered to be very risky investments. The other alternatives that are there are the bonds.

Various states issue bonds like the state of California issues the California Tax Free Municipal bonds and these are backed by the State government of California. It helps as that means as that means that your money is safe and state will pay you.

The benefit of this kind of municipal bonds or as they are known as "municipal bonds" is that these are tax free and not risky. However in the recent past the state governments have been running huge deficits and that has resulted people running scared of these so called safe bets. Overall the belief is that these are the safest instruments available in the market today.

If you live in a state other than California then the best bet is to make sure that you invest in that state's Municipal bonds. This is because of the reason that these bonds are no longer tax free for residents of other states. That will mean that the State tax will have to be paid though the federal tax is not there.

Always spread your risk and that is good for safety of your portfolio. Diversification is key to managing a good portfolio. Municipal bonds fit in well into this scenario

You can make more money with bonds when you have a diversified portfolio. Diversification is essential to make sure that when something happens to the stock market you have other avenues where the investment income can be from. This is in effect the spreading of your risk portfolio. Always make sure that you invest in these bonds for safety factors. - 23305

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