The Need For Financial Education

Personal Note: In this article, Rob Bourne enumerates a few essential traits that differentiate the individual who is really determined to foster his/her personal finances from the one who only indulges in wishful thinking. Though I think Rob’s view is a little bit aggressive regarding the “input-benefit” of family and friends, I believe the article, as a whole, offers great insights.
Please NOTE I don’t know much about Rob’s programs.


By [http://ezinearticles.com/?expert=Rob_Bourne]Rob Bourne

Not long after the start of the global financial crisis I became aware of a material difference between the so-called wealthy and the wannabe wealthy. Apart from the obvious difference in fortunes held, I have observed there is a difference in the financial education levels and approach to life. In the years I have spent as a financial adviser I have met only a handful of people I would consider to be in the 'wealthy' group or true 'entrepreneurs'. None of them were my clients and in fact I don't believe any of them used the services of a financial adviser. Not only did they have an advantage in material assets but they also had a different outlook on life which encompassed enjoying a healthy life.

On the whole financial advisers do not advise these entrepreneurs because these people already understand the importance of acquiring their own knowledge, skills and information about financial education. They take responsibility for their own investment decisions and do not let others (financial advisers) make decisions for them. There are some other key differences between these entrepreneurs and the wannabe's which I think points to why investors need financial education if they want to become a true entrepreneur.

Some of these differences are:

• Wannabe's mostly believe what they're told. Entrepreneurs will do their own research and make their own decisions. Do your own due diligence and follow your instincts. It will rarely lead you astray.

• Wannabe's will seek a perfect plan and wait for the perfect time. Entrepreneurs will accept educated risk and take action quickly once they have compiled all the information.

• Wannabe's get distracted by focusing on positive thinking without taking appropriate action. Entrepreneurs understand the importance of positive thinking but also know that it only gets you so far. They will combine positive thinking with a specific plan for action.

• Wannabe's do not share their ideas for fear of looking stupid in front of their friends or family. Entrepreneurs will openly share their ideas with like minded people. It's important to not listen to family and friends as in most cases they have no credibility. Entrepreneurs seek out financial education.

• Wannabe's generally believe they can do anything but have no plan or falter at the first sight of a problem. Entrepreneurs on the other hand will use all available resources to put a plan into place and find solutions to wannabe's problems.

• Wannabe's are focused on 'making money' and quite often lead lifestyles with no focus on their health. Entrepreneurs are focused on combining all elements of being wealthy, healthy and wise.

[http://www.theultimatewealthformula.com/rbourne]Financial education is available to everyone, particularly with the aid of the internet but also through excellent courses, publications and conferences which the true entrepreneurs seek out.

Rob Bourne has been involved in the financial services industry for over 35 years. A practising financial adviser he now focuses on the need for people to be better informed through realistic and down-to-earth financial education. The aim is to help people make their own informed decisions on financial investments and business opportunities. Rob specialises in helping people with online business opportunities through financial education. Visit Rob's website for more tips on self employed business opportunities and access to the Free Boot Camp series titled [http://www.ablwealth.com.au/?site=myownSelfEmployedBusiness&t=ezine]Self Employed and Rich.

Article Source: http://EzineArticles.com/?expert=Rob_Bourne http://EzineArticles.com/?The-Need-For-Financial-Education&id=3093073

Today on GBPUSD - Daily and H4 charts support Long trades, but…

On the Daily chart above, while our overall bearish bias is still valid, it’s been consistently challenged by the bulls. From a day-trade perspective, based on current price actions, we might have to temporarily ride the upward retracement. Since the beginning of this week, the bulls have been in charge, and at the close of yesterday, there was no sign their strength was waning. While our daily bias is bullish, we’ll need one more price action to be convinced of further bullish movement: we would like to see price break above the previous day’s high @ 1.6603 (not highlighted). In case the 1.6603 level eventually gets broken, we expect a very strong resistance @ 1.6692 (which we've highlighted using the upper blue broken line). The 1.6692 level is currently a resistance-confluence of the most recent Daily swing high and a bearish trend-line.

On the H4 chart above, price had broken a previous most recent swing high @ 1.6466 (which we've highlighted using the lowest blue broken line) upward. That sustained our bias in favor of an upward price move.
As discussed on the Daily chart, the 1.6603 level (that we've highlighted using the middle blue broken line), which is “acting” a dual role of the most recent H4 swing high as well as the previous day’s high, is a level we would like to see price break above for us to be convinced of further bullish movement.
The 1.6692 level (the highest blue broken line), which we also discussed on the Daily chart, is shown on the H4 chart. We have about 90 pip-gap, between the 1.6603 and 1.6692 levels; hence, in case price eventually breaks above the 1.6603 level, we would, probably, still have enough room to seek Long trades – from a day-trade perspective.
The green horizontal line @ 1.6336 highlights the most recent swing low, and as long as price stays above it - in the absence of any new and higher swing low - our bullish or upward bias remains intact.

However, we still need our Hourly charts - using Fibonacci retracement levels and important support levels - to seek promising areas to take our Long positions. Price pattern on the Hourly must also be forming higher highs and higher lows. Please note that our aim is to buy a dip in today's up-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on USDJPY – Daily and H4 charts support Short trades, but...

On the Daily chart above, yesterday, we decided to go with the bears; however, we identified the most recent Daily swing low @ 90.06 (which we've highlighted using the lower blue broken line) as the next critical support level where we expect the bears’ resolve to be tested. By the end of yesterday, price had travelled over 100 pips downward; and earlier today, it continued its southward move toward the critical 90.06 support. Currently, price has halted its downward move @ 90.23 – less than 20 pips away from 90.06. There’s a possibility we are already in the bulls’ zone: we might experience a strong or weak bullish retracement. In the case of weak retracement, we should still have the opportunity to seek Short trades today, but a strong retracement would most likely prevent any Short trade opportunity. In all, our bias is still bearish, but, depending on what price eventually tells us, from a day-trade perspective, we might have to exercise patience in seeking our Short trades, and that might mean not trading the USDJPY pair today.

On the H4 chart above, same as yesterday, the swing low @ 91.56 (which we’ve highlighted using the upper blue broken line) remains the most recent swing low that price broke below. That automatically sustains our bias in favor of a downward price move. As we could see, price moved downward, close to the 90.06 support level (the lower blue broken line) – leaving less than 20-pip gap in-between. Again, based on current price-bottom’s proximity to the 90.06 level, we might experience a strong or weak bullish retracement.
The white horizontal line @ 92.17 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on USDJPY – Daily and H4 charts support Short trades.

On the Daily chart above, earlier this week, price attempted to break decisively above a strong resistance-confluence of fib 38.2% ret. and the most recent Weekly swing low @ 91.71 (which we've highlighted using the upper blue broken line); however, current price action is telling us the level is holding after all. The previous day’s candle closed, as a bearish candle, around the 91.71 level; and further downward price movement earlier today is strengthening the notion that the bears are back in control. Our bias is currently bearish. The next critical support level, where we expect the bears’ resolve to be tested, is the most recent Daily swing low @ 90.06 (which we've highlighted using the lower blue broken line).

On the H4 chart above, price has broken the most recent swing low @ 91.56 (which we’ve highlighted using the upper blue broken line) downward. That automatically shifts our bias in favor of a downward price move. The 90.06 support level, which we discussed on the Daily chart, is also shown on the H4 chart (the lower blue broken line). Price is currently more than 100 pips away from this support level; hence, we seem to have enough room to seek Short trades.
The white horizontal line @ 92.17 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Teaching the Fundamentals of Finance to Our Children

Personal Note: This is a beautiful personal finance article by Kevin. I believe the last paragraph of the article aptly summarizes its whole content, and I would like to quote it again: “A family's attitude towards money has a powerful influence on a child from a very early age. Teaching our children about the proper use of money will help them develop their money skills, be more responsible and disciplined. Education is the key to developing healthy money habits in your people. You can never start teaching them too early.”


By [http://ezinearticles.com/?expert=Kevin_Goh]Kevin Goh

In today's fast-paced and changing world, every parent wants to help their children become successful adults. Financial literacy is a life skill and teaching children about the proper use of money should start early. So when do we teach the fundamentals of finance to our children? From a very young age, children can learn many things from their parents, including the way you deal with your finances. Here are some ideas to help you focus on personal financial education with your child at home.

1. Money doesn't simply appear

Time is money and money is time. Something has to be traded for it. As working parents, we sacrifice our time for the money we earn. Teenagers will begin to grasp the relationship between time and money but with younger children, you can start by asking them to do simple chores around the house. Pay them for their labour and reward bonuses for their level of performance. They will learn the difference between doing job and doing it well. The earlier your children realise that precious time given up for money is gone forever, the better prepared they will be when they get their first job and spend their income accordingly.

2. Lead by example

Let your children see you dealing well with money. Explain the difference between needs, wants and desire. Help your children understand the value of things. If they hear you lauding the merits of consumerism, they'll get the message that labels are important. Teach them about good consumer habits. At the supermarket, make them compare prices. What is the best buy? is it value for money? Did you know that the most expensive items at the store are usually at eye level? This is the best way to encourage them to save and spend wisely. Let them see that money doesn't grow on trees and there is a limit until you have worked to earn more.

3. Be as open as possible about money at home

Talk to your children about how much things cost, and how long it will take for you to save for those items. When your family sets goals, include everyone in the discussion. Give your children challenges and suggest they only have a certain amount to spend. They will realise they can't buy everything they want. Amplify this lesson during a vacation. Set a budget and let your children decide whether they want to stay in a posh hotel or participate in a unique activity while travelling. Keep records of the holiday expenses and let them see the total cost of the trip, the cost of food and accommodation. By learning about the choices they have to make with their money, they will begin to see priorities and not over buy.

4. Have fun, play The Game of Life or Cashflow for Kids board games

Teach your children about more complex concepts like compound interest and proper cash flow management, understanding the basics of investing in stocks and shares, real estate and other businesses. As your children become familiar with these subjects, have discussions with them about the activities they are interested in and turn these activities into a business or a career ambition. This encourages marketable skills and motivates your children towards working extra hours on gaining those skills. Enrichment courses such as speech and drama, arts and craft, creative writing and many others will help your children develop their confidence in speaking, writing and communicating, all of which are essential for their future. The more your children play, the higher their financial IQ will become.

A family's attitude towards money has a powerful influence on a child from a very early age. Teaching our children about the proper use of money will help them develop their money skills, be more responsible and disciplined. Education is the key to developing healthy money habits in your people. You can never start teaching them too early.

Kevin Goh.

Help Your Child to Become A [http://watchread.com/]Reading Genius. Parents can use these [http://watchread.com/]Genius Books to enhance your children's creativity, imagination, self-expression and develop their own sense of morality and ethical code.

Article Source: http://EzineArticles.com/?expert=Kevin_Goh http://EzineArticles.com/?Teaching-the-Fundamentals-of-Finance-to-Our-Children&id=3094605

Today on GBPUSD – Daily and H4 charts support Short trades, but…

On the Daily chart above, we concluded yesterday that trading bias was bearish, and our bias still stands. However, by the end of yesterday, we had a signal prompting us to be cautious about seeking Short trades for now: the previous day’s candle closed as a “doji.” A doji candle formation shows traders are currently indecisive about pushing price further downward. Yesterday’s low is @ 1.6249 (not highlighted). To be convinced of the bears’ readiness to push further today, we would like to see price break below this 1.6249 level.

On the H4 chart above, price is yet to break the most recent swing low @ 1.6249 (that we’ve highlighted using the upper blue broken line), which also happens to be the previous day’s low discussed on the Daily chart. This isn’t a good sign supporting a bearish move. Again, as earlier said, “to be convinced of the bears’ readiness to push further today, we would like to see price break below this 1.6249 level.” The white horizontal line @ 1.6394 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.
The 1.6119 support level (that we've highlighted using the lower blue broken line), which we’ve been discussing recently as the next area where we should expect a strong support is still valid – in case the bears decide to move today.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on GBPUSD – Finally, the bears gave an unmistakable signal.

On the Weekly chart above, the bears gave us a very strong sign that they aren’t just ready to let go: last week’s candle closed as a strong reversal candle (a hammer). Price closed @ 1.6303, just below a downward or bearish trend-line; it initially rallied toward the most recent Weekly swing high @ 1.6741 (which we've highlighted using the blue broken line) only to meet a strong resistance about 50 pips away from the critical 1.6741 level, and, as earlier said, it was eventually forced to close below the bearish trend-line. These actions tell us nothing else other than the fact that the bears are still in control.

On the Daily chart above, last week (precisely Wednesday and Thursday), while the bulls were flexing their muscles, we concluded that the 1.6741 level (that we've highlighted using the upper blue broken line), which we identified on the Weekly chart as the most recent Weekly swing high, was a “very significant level” as it is the area where we have both right and left shoulders of the Head & Shoulders formation. As we alluded to when analyzing the Weekly chart, the 1.6741 proved its strength: price was forced to reverse sharply as it advanced toward it, about 50 pips away from it – although from a day-trade perspective, we would have preferred that price advanced much further toward the 1.6741 level before the sharp reversal.
Again, all current price actions are telling us is “think short!”
The next area where we should expect a strong support is around the most recent Daily swing high @ 1.6119 (which we've highlighted using the lower blue broken line).

On the H4 chart above, price, decisively, broke the most recent swing low @ 1.6486 (which we’ve highlighted using the upper blue broken line) downward. That automatically shifted our bias in favor of a downward price move. The 1.6119 support level, which we discussed on the Daily chart, is also shown on the H4 chart (the lower blue broken line). Price is currently almost 200 pips from this support level; hence, we seem to have enough room to seek Short trades.
The white horizontal line @ 1.6692 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Is Money Your Master Or Your Servant?

Personal Note: One common misconception – conscious or unconscious – is the idea that money “controls” happiness. Some of us believe that more money will make us happier, while some of us believe that riches bring with it burdens, which cause less happy-life. While both schools of thought are right in certain contexts, the truth is the main determining factor of our happiness is not in any way related to money – or lack of it. This article by Zurieka Model offers helpful insights regarding the relationship between money and happiness (or a wholesome lifestyle), which, I believe, would aid us in our personal finances.
Pls NOTE I’m yet to have any comprehensive information about Zurieka’s program(s).


By [http://ezinearticles.com/?expert=Zurieka_Model]Zurieka Model

Therefore it shouldn't surprise us that during recent months more and more people have fallen victim to the ill effects of money-related anxieties. The current economic crises in many countries have resulted in the loss of jobs, homes, personal savings and pensions on a global scale. Large financial institutions have collapsed and even the wealthiest nations have resorted to emergency measures to prevent total financial collapse. In the developing world, the rising cost of food and other basic commodities has also caused much concern and anxiety.

Money worries are also common in times of abundance. During recent years of financial prosperity, many people have been afflicted by money stress. A South African newspaper, "The Witness", reported that "a creeping commercialism and rampant materialism" was spreading like wildfire in Africa. Listed in the article were some of the symptoms of this "disease", such as "stress, debt, waste, overwork, feelings of deprivation, envy and depression." Money was blamed for the ongoing deterioration of the quality of human life in Africa.

On the other side of the coin so to speak, researchers have stated that affluence was one of the principal causes of alcoholism, depression and suicide in the United States among young adults. One study revealed that despite the abundance and wealth, "fewer than one in three Americans" claimed to be "very happy".

In good times and in bad times, many people both rich, and poor, are relatively free of anxieties concerning money and material possessions. Why the difference? In the report "The Meaning of Money", researchers observed that some people are "highly motivated by money and controlled by money. This may lead to stress and neuroticism". In contrast, "Those who budget their money carefully tend to have internal locus of control and positive feelings toward themselves. They are the masters of money and not the slaves of money...We assert that those who budget their money carefully may also have lower stress, and thereby, lower strain".

What is your disposition toward money? How does the transient nature of the world's economy affect you? Is money your master or your servant? Maybe you aren't affected by the symptoms of 'money sickness syndrome'. However, whether wealthy or poor, we are all susceptible to the ill effects of money concerns. Consider how adjustments in the way you deal with your finances may bring you more peace and a happier life.

It has been noted that lottery winners tend to lose all their 'earnings' within 3-5 years because of lack of financial education and the right mindset. Much of the world today is in trouble economically because of being uneducated financially. If you are interested in learning about a business system that will not only teach you financial education but also reward and benefit you in acquiring financial freedom, then don't hesitate to click on the link below to learn more... [http://www.quickstart-home-business.com/?t=ezmoneymaster]Make Money Your Servant

Zurieka Model is a leading Online Entrepreneur who has learned the secrets to success through valuable financial education and personal development. Zurieka is happily married to husband James and together they work towards helping others succeed in learning the art of financial freedom, creation of quality time, mobility and strength of relationships. Both Zurieka and James are avid nature lovers and love to live sustainably.

Article Source: http://EzineArticles.com/?expert=Zurieka_Model http://EzineArticles.com/?Is-Money-Your-Master-Or-Your-Servant?&id=3102873

Today on EURUSD – How much longer would the bulls hold this steep move?

On the Daily chart above, we would observe the bulls’ unrelenting move since the start of October. Though price, for a few days, has been struggling to break decisively above the upper edge of the upward or bullish channel, we are yet to have any convincing signal on the daily chart that the bulls are weak enough to buckle. Currently, price has broken yesterday’s high @ 1.5037: a sign of a possible continuous upward price movement. However, price rally has been relatively steep, and it’s just natural for this move to halt, at least temporarily, at a certain point. But from a day-trade perspective, as long as we believe in the strength of technical analysis, we have no choice but to keep our bias in favor of the bulls.
And whenever price finally decides to have its bearish retracement, we expect a strong support around the most recent swing low @ 1.4827 (which we've highlighted using the blue broken line).

On the H4 chart above, price has breached the most recent swing high @ 1.5045 (which we've highlighted using the blue broken line) upward. That sustains our bias in favor of an upward price move. However, we would observe a reversal candle formation around the 1.5045 level; that’s another sign that the bulls might be experiencing difficulty maintaining their hold. Please let’s bear that in mind.
The green horizontal line @ 1.4943 highlights the most recent swing low, and as long as price stays above it - in the absence of any new and higher swing low - our bullish or upward bias remains intact.

However, we still need our Hourly charts - using Fibonacci retracement levels and important support levels - to seek promising areas to take our Long positions. Price pattern on the Hourly must also be forming higher highs and higher lows. Please note that our aim is to buy a dip in today's up-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on GBPUSD – Daily and H4 charts support Long trades, but…

On the Daily chart above, yesterday, we observed that the bulls were “shattering a number of resistance levels. The most recent of the levels was a resistance-confluence: the combination of a Daily swing high @ 1.6468 (which we've highlighted using the lower blue broken line), and the upper edge of the downward or bearish channel. This observation is still valid and very useful. However, current price action compels us to exercise restraint in riding the bulls: earlier today, price hit the previous day’s high @ 1.6636 but was unable to hold above it; hence the bears are currently holding sway for today. We expect price to find support around the previous resistance-confluence @ 1.6468 (which should now act as a good support level). Our bias is still very bullish, but we would need further confirmation on the Hourly chart – supported by the H4 chart – to seek Long trade setups.
As we also concluded yesterday, “the next critical resistance level is the most recent Weekly swing high @ 1.6741 (which we've highlighted using the upper blue broken line). The 1.6741 level is also acting as the area where we have both right and left shoulders of the Head & Shoulders formation; and that makes it a very significant level.”

On the H4 chart above, similar to yesterday’s analysis, price broke the most recent swing high @ 1.6488 (which we've highlighted using the blue broken line) upward. That sustained our bias in favor of an upward price move. The 1.6488 level is another area where price could find support.
The green horizontal line @ 1.6327 highlights the most recent swing low, and as long as price stays above it - in the absence of any new and higher swing low - our bullish or upward bias remains intact.

However, we still need our Hourly charts - using Fibonacci retracement levels and important support levels - to seek promising areas to take our Long positions. Price pattern on the Hourly must also be forming higher highs and higher lows. Please note that our aim is to buy a dip in today's up-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on GBPUSD – Are the bears losing total control?

On the Daily chart above, we could observe that the bulls are shattering a number of resistance levels. The most recent of these levels was a resistance-confluence: the combination of a Daily swing high @ 1.6468 (which we've highlighted using the lower blue broken line), and the upper edge of the downward or bearish channel. This resistance level @ 1.6468 managed to hold the bulls throughout yesterday, which resulted in a reversal candle formation (doji). However, the doji only succeeded in creating a false signal as the bulls, by the early hours of today, ignored the doji and surged further. It’s noteworthy that this recent bulls’ move is not without a strong fundamental sentiment: the recent equity market gains have been encouraging risk-taking, which favors the euro, and other so-called higher-yielding currencies. However, the bulls still have a lot to prove to nullify the overall bearish sentiment.
In all, from a day-trade perspective, we’ll still have to go with the bulls for now, until we start receiving contrary signals. The next critical resistance level is the most recent Weekly swing high @ 1.6741 (which we've highlighted using the upper blue broken line). The 1.6741 level is also acting as the area where we have both right and left shoulders of the Head & Shoulders formation; and that makes it a very significant level.

On the H4 chart above, price has broken the most recent swing high @ 1.6488 (which we've highlighted using the blue broken line) upward. That sustains our bias in favor of an upward price move. The green horizontal line @ 1.6327 highlights the most recent swing low, and as long as price stays above it - in the absence of any new and higher swing low - our bullish or upward bias remains intact.

However, we still need our Hourly charts - using Fibonacci retracement levels and important support levels - to seek promising areas to take our Long positions. Price pattern on the Hourly must also be forming higher highs and higher lows. Please note that our aim is to buy a dip in today's up-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Update on today’s USDJPY Short Trade set-up

The USDJPY short trade didn’t completely work out as we anticipated. However, we had enough opportunity to protect our Short positions, and even make a few pips – if we managed our trades properly.

On the Hourly chart above, price, after hitting the fib 61.8% ret. level, reversed southward by over 30 pips to the 90.15 level (highlighted with the lower blue broken line). From a day-trade perspective, that gave us the opportunity to scale out a few pips, and also adjust our Stop Losses to break even – or, at least, a couple of pips above the point where price initially reversed @ 90.58 (not highlighted).

What is Your Relationship With Money?

Personal Note: I believe the insights shared by Dr. Cohen in this article would be helpful as we keep working toward building our personal finances. The article is rather lengthy, but let’s try and take our time to patiently digest the information.


By [http://ezinearticles.com/?expert=Lorraine_Cohen]Lorraine Cohen

Whenever I do a compelling conversation with a guest there are numerous questions that are submitted around the topic of money; how to increase income, attract more clients, and ways to shift from lack and struggle to more abundance and flow. Money is at the forefront of many people's minds.

Despite the negative news about the economy that feeds into fear and constriction, throughout history we have experienced numerous times that have created concerns about our financial future and survival that have culminated in enormous growth, innovations, and fortunes. Today we have the opportunities to create a grand future filled with limitless money, abundance and joy. There is plenty of wealth in the world for those who are willing to reach for it and allow the flow into their lives. Looking at your relationship with money will determine what you manifest in the coming days, weeks, and years.

What do I mean when I say relationship?

I mean when you think about money or having wealth, what beliefs, thoughts, and body sensations come up?

Common beliefs and thoughts:

~ People who do spiritual work are meant to be poor
~ Money changes people negatively
~ If I make a lot of money, I'll lose myself and the people I love
~ Money comes easily to other people but not for me
~ Rich people are selfish and power hungry. I don't want to be one of THEM.
~ There is never enough money no matter how hard I try

1. What are your beliefs about money?
2. What judgments and resentments do you have towards yourself about money based on prior decisions and actions that have caused financial hardship in your business, career, and relationships?
3. What judgments and resentments do you have towards others that affect your financial situation including any financial hardship, fear, and stress about the future from others - banks, the government, your boss, the economy.....
4. What expectations do you have about money?
5. What fears do you have about money?

Every thought, feeling, belief, and action has manifesting energy: the power to create what you desire or more of what is undesired depending on the amount of attention and emotional charge invested. The more attention and energy you give to your thoughts and feeling, the faster you manifest.

Sue is a successful financial advisor working for a large financial services company. Starting as a secretary, she worked her way up in the company to make a comfortable six figure income. She never imagined making that much money and she wanted to raise her earning capacity. She said she felt stuck at her current income level despite her efforts to expand her business. When we dug deeper into her thoughts, feeling and beliefs about money, she realized she had some limiting beliefs about her self-worth, fears of success, and unconscious programs rooted in childhood that were linked to her father's attitudes about money. Once cleared, she was able to get unstuck form her current financial plateau and grow her business exponentially.

Do your see money as a friend, a constant companion, a lover, or a foe?

My friend Morgana Rae says, "Money is not a number, it's a relationship." Known as the Money Magic Queen, she developed a powerfull & unique 5-step process of attracting wealth with financial alchemy by creating a "money honey" who will shower you with money and abundance when you are aligned with your relationship with money. Each morning the message below pops up in my Outlook for me to read out loud. It includes the five statements suggested by Morgana

* Money speaks to me and guides me to my highest good.
* My prosperity serves the world.
* People love to give me Money because I add value to their lives.
* I respect and appreciate the abundance in my life.
* I AM wealthy NOW!

I added:

* I say YES to stepping into the next and highest version of who I AM!
* I say YES to my destiny!
* I AM now letting go of what no longer serves me.
* I AM always safe, it is only change.
* I open new doors to life. All of my abundance comes from Source - Thank you!

Money Set Points

As a popular broadcaster, I had a recent Compelling Conversation with Million Dollar Marketing Coach, Kendall Summerhawk. We talked about "money set points". Kendall described how we bump up against money walls. Below is a brief excerpt from our conversation.

"The money set point is the dollar amount that we currently have subconsciously programmed way down deep in the recesses of our subconscious that we have programmed as being acceptable to make." On the outside, people say they want to make more money, "Oh, I'm in business, I'm working hard and I want to make more money." They say, "Sure I'd love to make a million bucks, that sounds great!" Well let's see where your money set point is so we know where you're starting from right now.

Let me give you the formula and there is a very easy thing you can do to raise the dollar amount. See, what happens is that even though we may be saying that we want to make more money, internally we have this dollar amount set to a certain figure, a particular number.If we're not making that number after a period of time, we're going to give ourselves a kick in the butt and make some money and get back to that sort of neutral place.

But if we start to make more money, it triggers something deep in our subconscious that tells us it is not okay, "Nope, this is not okay, I am not comfortable here, I am threatened in some way," so we create sabotage in our lives. The sabotage can look like external events like the car breaks or an unexpected house bill or whatever. Certainly things do just happen. But really, I don't think they just happen though. I think from the law of attraction standpoint it is a form of self sabotage.

So, here is the formula so you know exactly where your dollar is. The formula is to take the last 12 months, month by month, to look at the last 12 months of money that you have brought it. You want to count, it all counts no matter where it came from, even found on street, gift money, birthday money (my grandma still give me birthday money every year, it's very cute!), money from a spouse, money from a job, it doesn't matter, it all counts.

And you look at how much you brought in, just gross income, month by month for last 12 months. Choose the 5 highest months, add them up and then divide by 5. That's going to give you a high average, is what that's going to give you. And the reason it's 5 (I have people ask me this all the time) is because it kind of balances out the extreme highs and extreme lows. That's going to give you your high average. That is the dollar amount, where your current, that internal subconscious money set point is set to. I could check in with somebody a year from now and if they haven't really done anything different, you know they sort of just keep going along, they're not really getting into that discomfort zone, they're not getting mentoring, they're not attending events or reading, they're going be plus or minus a little bit, but pretty much at the same dollar amount".

Five ways you might be pushing money away:

1. Devaluing your products and services by not charging enough. Be willing to raise your prices and eliminate dis-counts. Offer incentives instead.

2. Not having strong boundaries for your SELF and your business. Breaking self-agreements, disregarding your needs and self-care affects your self-worth which directly impacts your flow of abundance. Work on cultivating a love affair with YOU.

3. Programs and beliefs operating at the subconscious level. If you've been trying to break through fears, lifting your self-worth, and overcoming self-sabotage with limited success, GET HELP clearing them. You're too close to your stuff and getting in your own way. Modalities such as hypnosis, Theta Healing, and NLP have helped people thousands of people shift their beliefs at the subconscious level and resolve the past. Be willing to let go of the reasons, excuses, and rationalization you use to hide out in your life and keep struggling even if it means being uncomfortable. You're not here to play small.

4. Trying to grow yourself and your business alone. Successful entrepreneurs and business people have mentors, masterminds groups, coaches, and teams of people to support them. Do you? Think you can't afford it? You can't afford not to get help. Every day you make money decisions and if you are not able to hire someone right away, begin socking some money away NOW to build up a fund! Bartering for services might also be an option.

5. Being tight-fisted. When dealing with financial challenges of scarcity and lack, a common reaction is to constrict in fear. Working with Universal Laws such Attraction, Cause and Effect, Creation...remind us that "we must give what we most want to receive.." What we grasp tightly or hoard in fear will only create more of the same that is undesired. Be willing to donate, tithe with people who spiritually feed your spirit, and share your abundance with others. Do it now.

Is your current relationship with money working for you? If not, I encourage you to take one thing from this article or this newsletter to change your relationship with money and open up the flow in your life. Saying YES to who you are meant to be and the life you came here to live includes having abundance, money, and love. You life is meant to be fruitfull, fun, and happy!

Founder of Powerful-Living, Rev. Dr. Lorraine Cohen is a spiritual life coach, published writer, and inspirational speaker who is recognized as a cutting-edge expert in her field. For over 20 years, Lorraine has inspired and supported thousands of spiritually-conscious business owners, entrepreneurs, professionals, coaches, mentors, and authors to create a prosperous business, meaningful career and fulfilling life that aligns with their spirit. An expert in transforming fear and limiting beliefs that create barriers to success, she shows people how to get unstuck; to break through the confusion and roadblocks so they move forward in all areas of their life.

As a popular broadcaster, she hosts two internet programs: Powerfull Living Radio on Blog Talk Radio and The Compelling Conversations for Powerfull Living Series on business, personal, and spiritual topics with leaders in the field including Marci Shimoff, Neale Donald Walsch, and Dr. Bernie Siegel. Visit http://www.powerfull-living.biz to learn more. Receive her free report '5 Secrets to Attracting Everything You Want!"

Article Source: http://EzineArticles.com/?expert=Lorraine_Cohen http://EzineArticles.com/?What-is-Your-Relationship-With-Money?&id=3044173

Short Trade set-up on USDJPY Hourly chart.

Earlier today, we concluded today’s bias is to go Short.

The Hourly chart above is currently forming a tradable pattern. Price seems to have bottomed temporarily @ 90.06. Hence, we expect price to retrace to the area between 90.42 and 90.78 (which is the area between the 50% and 100% fib. retracement levels – drawn from the most recent Hourly swing high to the current price-bottom). Let’s seek to sell around this area. If price exceeds the 90.78 level upward, our bearish bias is no more valid and we enter a no-trading zone. Our primary profit target is @ 89.87 (the 127% fib. ext.).

Also, if price breaks below 90.06 (current price-bottom) before retracing to the sell-area, we’ll have to redraw our Fibonacci tools using a new bottom & the most recent Hourly swing high to determine new potential areas to sell.

The 15min. chart above gives us a clearer view of the Hourly price action and the potential areas to sell (please note it’s advisable to set a Limit order ahead of time as price could move up to these levels and reverse sharply in our favor).
This chart is rather cluttered but if we look closely, there are a couple of potential reversal levels available. You choose your preferred level based on your personality.

fib 50% ret. @ 90.42;
fib 61.8% ret. @ 90.51.

Personally, based on the broken most-recent Hourly swing low @ 90.49, which I believe is a potentially strong reversal level; I would opt for the 61.8% ret.

Initial Stop Loss @ 90.80; primary Profit target @ 89.87 (Please remember to factor in your broker’s pip-spread).

Please note that all these Fibonacci (fib.) levels have other pivots, overlapping fibs or previous highs/lows supporting them (they are the cause of this cluttered chart). As such, price could reverse at any of the points. The issue here is that the higher the fib level you choose to sell from, the smaller the pips you’ll risk and the more your pip-profit; BUT, also the more the likelihood of you missing the trade as price might not retrace that high before moving back downward.
You need your own discretion here.

Please keep your risk low. Don’t risk more than 2% of your capital. Personally, I risk about 0.5% per trade; and each trade has a potential profit target of about 1% – based on my exit levels.
We MUST NEVER assume we KNOW where price is going next!

P.S.:
Also, always keep in mind any major news releases. Be wary of possible price volatility during these periods.

Today on USDJPY - Daily and H4 charts support Short trades.

On the Daily chart above, in the past two weeks, we’ve been experiencing a bullish retracement in a strong downtrend. We expected price to move up toward the resistance-confluence of fib 38.2% ret. and the most recent Weekly swing low @ 91.71 (which we've highlighted using the upper blue broken line). However, the bulls couldn’t garner enough strength to push that high: they were stopped about 40 pips away @ 91.31. Currently, buoyed by the longer term downtrend, our bias is bearish. The next critical support level is the most recent Daily swing low @ 88.82 (which we've highlighted using the lower blue broken line).


On the H4 chart above, price has broken the most recent swing low @ 90.35 (which we’ve highlighted using the upper blue broken line) downward. That automatically sustains our bias in favor of a downward price move. The 88.82 support level, which we discussed on the Daily chart, is also shown on the H4 chart (the lower blue broken line). Price is currently more than 150 pips away from this support level; hence, we seem to have enough room to seek Short trades.
The white horizontal line @ 91.31 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on GBPUSD – Are the bears ready to take over?

On the Daily chart above, we seem to be getting signals that price is probably set to resume its movement in direction of a strong downward trend – supported by the Weekly and Monthly charts, as well as a number of chart patterns on the Daily chart, which include a head and shoulders formation (as shown). Earlier today, price breached Friday’s low @ 1.6251: a relatively good sign that the bears are ready to resume their activities. From a day-trade perspective, we seem to have the opportunity to short the GBPUSD pair. The most recent Daily swing high @ 1.6119 is a support level we have to bear in mind: the bears might encounter hurdles around this level.

On the H4 chart above, price has breached the most recent swing low @ 1.6251 (which we’ve highlighted using the upper blue broken line) downward. That automatically shifts our bias in favor of a downward price move. The 1.6119 support level, which we discussed on the Daily chart, is also shown on the H4 chart (the lower blue broken line). Price is currently over a 100 pips from this support level; hence, we seem to have enough room to seek Short trades.
The white horizontal line @ 1.6398 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Informing Your Children About Your Debt

Personal Note: One thing I’ve realized is the more we express our thoughts, the more we are able to grasp the whole essence of the activity(ies) we are involved in, which then helps us in making more perceptive decisions. In matters relating to family and personal finance, the act of thought-expression becomes much more valuable when those we share our thoughts with include our loved ones – spouses, children, etc.: In the process of engaging our children, wards, etc. we further develop ourselves, while we make available to them priceless information in their formative years.
In this short but very helpful article, John discusses one of the many areas in our finances where we should involve our family members.


By [http://ezinearticles.com/?expert=John_Glasburg]John Glasburg

Perhaps you're the primary money manager in the family; it means you'll probably shoulder most of the tasks for turning your family's financial situation around. However, that doesn't mean you shouldn't involve other family members in the effort. The cooperation of your children is essential. Although you are the one who pay the bills every month, you and your children spend the money together, so they have very direct effects on the failure or success of your get-out-of-debt effort. You should be totally honest about your family's financial situation with your children. They may not need to know all the exact details, but if your kids are mature enough to sense money-related anxiety and tension in your household, you should tell them about what is actually going on and what you're doing to improve things.

Perhaps, like most parents, your first instinct may be to protect the children from your family's financial troubles. Usually, that is not a good thing. Even three years old children are surprisingly perceptive about subtle changes in their environment.

Of course, they may not know exactly why things have changed or how, but they can feel the changes and may develop unexpected problems as a result except if you help your children understand and deal with what's going on. You should help your children maintain a sense of security and confidence by explaining your family's financial issues and what they should expect in the months ahead. Always take their maturity levels and ages into consideration when you decide to talk to them. Tell them all they need to know and can understand intellectually, and don't scare them. You probably should go into greater detail with your preteen or teenage child. They generally have more financial requirements than younger children and are more susceptible to pressure.

About the Author:

John's articles have been provided since 2006. His new website is about dating and can be found at [http://www.singlesdatingsite.org/]http://www.singlesdatingsite.org/, this site helps people find the best [http://www.singlesdatingsite.org/]singles dating site they need.

Article Source: http://EzineArticles.com/?expert=John_Glasburg http://EzineArticles.com/?Informing-Your-Children-About-Your-Debt&id=3047360

Today on USDJPY - Daily and H4 charts support Long trades.

On the Daily chart above, earlier this week, we expected further bearish movement – in line with the major downtrend, however, the bulls proved they weren’t prepared to let go just yet. Price continued its upward retracement, broke above the most recent Daily swing high @ 90.45 (which we've highlighted using the lower blue broken line); and now, it seems set to test the next resistance level – a resistance confluence of fib 38.2% ret. and the most recent Weekly swing low @ 91.71 (which we've highlighted using the upper blue broken line). From a day-trade perspective, though price has already moved a considerable distance today, we can still seek opportunities to go Long, using our Hourly charts.

On the H4 chart above, price has broken the most recent swing high @ 90.77 (which we've highlighted using the blue broken line) upward. That sustains our bias in favor of an upward price move. The green horizontal line @ 88.82 highlights the most recent swing low, and as long as price stays above it - in the absence of any new and higher swing low - our bullish or upward bias remains intact.

However, we still need our Hourly charts - using Fibonacci retracement levels and important support levels - to seek promising areas to take our Long positions. Price pattern on the Hourly must also be forming higher highs and higher lows. Please note that our aim is to buy a dip in today's up-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on EURUSD - Daily and H4 charts support Long trades, but…

On the Daily chart above, since the beginning of this month, the bulls have been raging; and, though we might have a bearish retracement soon, the bulls seem determined to hold on to their reign for sometime: major resistance levels are being breached on the Weekly and Monthly charts, and the fundamentals – recent economic reports – are fully in support of a sustained rally; although, uncertainties still abound. Price is currently around the upper edge of the upward or bullish channel, hence, there’s a possibility of, at least, a short lived bearish retracement; after which we expect price to find support around the most recent Daily swing high @ 1.4817 (which we've highlighted using the blue broken line). It might take more than a whole day for us to see the above explanation unfold – if we happen to have judged correctly; however, since no price action is currently supporting a suitable bearish move, it’s advisable to wait for a Hourly chart Long trade setup, which must be confirmed by Hourly price pattern forming higher highs and higher lows, and supported by the H4 chart.

On the H4 chart above, price has broken the most recent swing high @ 1.4874 (which we've highlighted using the lower blue broken line) upward. That sustains our bias in favor of an upward price move. The green horizontal line @ 1.4761 highlights the most recent swing low, and as long as price stays above it - in the absence of any new and higher swing low - our bullish or upward bias remains intact.

However, we still need our Hourly charts - using Fibonacci retracement levels and important support levels - to seek promising areas to take our Long positions. Price pattern on the Hourly must also be forming higher highs and higher lows. Please note that our aim is to buy a dip in today's up-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on USDJPY – Daily and H4 charts support Short trades.

On the Daily chart above, on Friday, last week, we anticipated a bullish retracement based on price’s sharp break above the lower trend-line – which was, most likely, aided by the strong support area @ 88.00 (that we've highlighted using the lower blue broken line). Based on further analysis, we also noted, using the following words, that: “We expect the bulls to meet their next major resistance around a major Daily swing low @ 90.11 (that we've highlighted using the upper blue broken line), which might be forming a resistance-confluence with the upper bearish trend-line (the bold red line).”
In line with our analysis, the rally stalled around the 90.11 level; and currently, preceded by previous two days’ reversal candle formations, the bears seem ready to continue their movement. We expect major support around the same 88.00 support level, which previously was unbreakable for the bears. From a day trade perspective, we seem to have enough room to seek Short trades.

On the H4 chart above, price has broken the most recent swing low @ 89.61 (which we’ve highlighted using the blue broken line) downward. That automatically shifts our bias in favor of a downward price move. The white horizontal line @ 90.02 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Update on yesterday’s EURUSD Long Trade set-up

If you were able to identify the EURUSD Long trade set-up, which occurred yesterday – around 14:00 GMT – and took the trade, that’s great.

On the Hourly chart above, we had a support-confluence around, at that time, the most recent “broken” swing high @ 1.4800. The support-confluence included the swing high, overlapping fibs, and a Daily pivot. Less than an hour ago, price hit the primary profit target – the 127% ext. @ 1.4905. If you managed your trade properly, scaling out your profits and adjusting your Stop Loss appropriately, you would’ve had a minimum of 2:1 reward/risk profit i.e. your profit would’ve, at least, doubled the amount you initially risked.

P.S.:
This trade was fully supported by the H4 chart price action.

Today on GBPUSD – Daily and H4 charts support Short trades.

On the Daily chart above, yesterday, with the support of higher time frame charts, we concluded our bias was bearish, but that we would like to see price to, not only close below the most recent Daily swing low @ 1.5808 (which we’ve highlighted using the lower blue broken line) by the end of yesterday, but also below the lower edge of the downward or bearish channel. As at the end of yesterday, though price closed @ 1.5798 – slightly below the 1.5808 level, it was unable to close, clearly, below the downward or bearish channel. However, current price action is strengthening our bearish bias: price recently breached yesterday’s low @ 1.5727 (not highlighted to avoid cluttered chart). This single price action, with the support of previous price actions, is quite good enough for us to seek Short trade setups on the Hourly charts – supported by the H4 charts.

On the H4 chart above, price has broken the most recent swing low @ 1.5727 (which we’ve highlighted using the blue broken line) downward. That automatically sustains our bias in favor of a downward price move. Please NOTE that 1.5727 – the most recent swing low level – also happens to be yesterday’s low, which we discussed on the Daily chart.
The white horizontal line @ 1.5882 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on GBPUSD – Daily and H4 charts support Short trades, but…

On the Daily chart above, since the latter part of last month, we’ve been having what I would consider an interesting price action, which resulted in sort of a channel formation (as observed within the two blue horizontal lines): Price, after failing to breach the, at that time, most recent swing low (not highlighted to avoid cluttered chart), retraced upward, only to meet an uncompromising “veteran” resistance level, which “produced” the most recent Daily swing high @ 1.6132 (that we’ve highlighted using the upper blue broken line). With the stiff resistance, price had to turn around, again, to retest the previous swing low, which, also by now, has “produced” the most recent Daily swing low @ 1.5808 (which we’ve highlighted using the lower blue broken line). Now, price is showing signs that it is not prepared to be sent back upward: the most recent Daily swing low @ 1.5808 has been breached; however, for further bearish move confirmation, we would like to see price to, not only close below the 1.5808 level by the end of today, but also below the lower edge of the downward or bearish channel. In all, with the support of higher time frame charts, our bias is currently bearish; but conservative traders might prefer to wait for today’s candle close to make their final conclusion.
Also, trade volume would most likely be thin today as there’re bank holidays in Japan, US, and Canada; and that might result in unusual or erratic price movements. Please let’s also bear that in mind if we would be trading.

On the H4 chart above, price has broken the most recent swing low @ 1.5857 (which we’ve highlighted using the blue broken line) downward. That automatically shifts our bias in favor of a downward price move. The white horizontal line @ 1.6119 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

How to Invest Your Money - Make the Right Choice

Personal Note: This article by Tonya is succinct, and, to me, very loaded: I really don’t have much to add. It’s a summarized, comprehensive note on the basics of investing – so to speak. The insights gained would aid our ability to navigate the area of personal finance.


By [http://ezinearticles.com/?expert=Tonya_Jackson]Tonya Jackson

When it comes to investing, it is important that you know exactly what your intention is and exactly what benefit your chosen investment instrument is designed to provide. You cannot invest in the stock market and expect your income to be guaranteed some months down the road. There are several concepts that you will have to get familiar with if you want to learn how to invest. First is that saving is not nearly the same as investing. Saving is putting aside money for future use. Investing, on the other hand, is making your money grow to a value that is more than what it is worth at present. Putting your money in a bank account that accumulates at a rate lower than the inflation rate is definitely not investing. Buying a government bond that has a coupon rate that is a lot higher than the inflation rate is investing. These and other concepts will be clearer to you when you expose yourself to educational materials that teach you how to invest.

If you want to learn how to invest, you have to know what the different investment instruments are and what they can do for your money. Once you know what your investment goals are, you can decide whether to put your money on a high-risk instrument or on a low-risk instrument, or a combination of both. You must understand that the higher the yield that you expect from an instrument, the higher the risk that you will have to carry on it. Any material that teaches you The how to invest will also teach you about the value of long-term investment instruments versus short-term instruments.

The longer term instruments usually have the potential of earning more. But then again, market conditions will have a lot to do with whether or not a particular instrument will be able to give you good yields at particular times or not. A diverse investment portfolio with a combination of high-risk and low-risk instruments as well as a combination of short, medium, and long-term instruments could be built to answer most of your financial needs throughout your lifetime. You can do this either on your own or with the help of a certified financial planner. You can learn how to invest by reading books or getting hold of online training materials on investing and investments

It is important to learn [http://www.urnestegg.com/how-to-invest-investing-saving-money]how to invest your money. Both saving and [http://www.urnestegg.com/how-to-invest-investing-saving-money]investing money are equally important in acquiring and building personal wealth.

Article Source: http://EzineArticles.com/?expert=Tonya_Jackson http://EzineArticles.com/?How-to-Invest-Your-Money---Make-the-Right-Choice&id=3036995

Today on USDJPY – We seem to be at the beginning of a bullish retracement.

On the Daily chart above, two days ago – on Wednesday – we identified the 88.00 level as “an area where some institutional traders had “large stop-loss sales lurked.” Although, we didn’t place primary emphasis on it in the analysis, it arguably turned out to be the sole driving force of the USDJPY pair since then. During the very early hours of today, price rallied by almost 100 pips; and currently, the pair has moved more than a 100 pips upward. As a result, price pierced sharply above the steep downward or bearish trend-line. Though price is yet to close above the trend-line (that would be determined after close of today’s candle), its big break above the trend-line – in addition to the strong 88.00 support level – gives us an inkling that a bullish retracement, probably, has started.
We expect the bulls to meet their next major resistance around a major Daily swing low @ 90.11 (that we've highlighted using the upper blue broken line), which might be forming a resistance-confluence with the upper bearish trend-line (the bold red line).

On the H4 chart above, price has broken the most recent swing high @ 88.68 (which we've highlighted using the lower blue broken line) upward. That shifts our bias in favor of an upward price move. Price action around the steep bearish trend-line, which we discussed on the Daily chart, is clearer on the H4 chart: we already have a candle closed above the trend-line, and that buttresses our bullish bias. The critical resistance level – a Daily swing low @ 90.11, which we also discussed on the Daily chart, could also be seen on the H4 chart: from a day-trade perspective, we seem to have enough room for further bullish move – although over 100-pip move already made today might restrain any new price rally.
The green horizontal line @ 88.13 highlights the most recent swing low, and as long as price stays above it - in the absence of any new and higher swing low - our bullish or upward bias remains intact.

However, we still need our Hourly charts - using Fibonacci retracement levels and important support levels - to seek promising areas to take our Long positions. Price pattern on the Hourly must also be forming higher highs and higher lows. Please note that our aim is to buy a dip in today's up-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on EURUSD - Daily and H4 charts support Long trades, but…

On the Daily chart above, we would observe that the EURUSD is in a very strong uptrend; an uptrend that started around March, this year (2009). Although, the uptrend is still seen as a bullish retracement on the Monthly chart, as far as we are concerned, from a shorter term point of view, we are in a strong uptrend. The bulls resumed their control on Friday, last week, and since then, we’ve somewhat been in a steady upward movement. From a day-trade perspective, we seem to have enough room to still long the pair. We expect price to continue its upward move toward the year high – also the most recent Daily swing high – @ 1.4843 (which we've highlighted using the blue broken line). The 1.4843 is a critical resistance level, hence let’s be cautious as price advances toward it. The 1.4843 level would also, most likely, be supported by the upper edge of the upward or bullish channel.

On the H4 chart above, price has broken the most recent swing high @ 1.4736 (which we've highlighted using the lower blue broken line) upward. That sustains our bias in favor of an upward price move. The 1.4843 level (that we've highlighted using the upper blue broken line), which we discussed on the Daily chart, is shown on the H4 chart to give us a clearer view of its proximity to current price position. We have about 70 pips gap, which gives enough room to seek Long trades – from a day-trade perspective; however, let’s still be very conscious of the level.
The green horizontal line @ 1.4649 highlights the most recent swing low, and as long as price stays above it - in the absence of any new and higher swing low - our bullish or upward bias remains intact.

However, we still need our Hourly charts - using Fibonacci retracement levels and important support levels - to seek promising areas to take our Long positions. Price pattern on the Hourly must also be forming higher highs and higher lows. Please note that our aim is to buy a dip in today's up-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on USDJPY – Daily and H4 charts support Short trades.

On the Daily chart above, as with other higher time frame charts (Weekly and Monthly), it’s very much apparent that we are in a strong downtrend. The bears seem unrelenting. From a day-trade perspective, the scenario is not in any way different: a major support level – the most recent Daily swing low – @ 88.22 (which we’ve highlighted using the blue broken line) has been breached. That price action indicates price is still prepared to move further downward. The year’s low @ 87.10 (not visible on the Daily chart) is currently about a 100 pips away, hence there seems to be enough room for the downward move – again, that’s from a day-trade perspective.
However, let’s be wary of the 88.00 level as it is an area where some institutional traders have “large stop-loss sales lurked.”

On the H4 chart above, price has broken the most recent swing low @ 88.61 (which we’ve highlighted using the blue broken line) downward. That automatically sustains our bias in favor of a downward price move. The white horizontal line @ 89.03 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.