Personal Note: In this simple but very helpful article, Dean discusses a few of the main pillars of success in our personal finance. It’s easy for us to disregard these very important “truths” but if we could discipline ourselves enough to stick to them, achieving our financial goals is virtually guaranteed.
By : Dean Relax
Instead of working for money, it is much easier to make more money with money. That is, if you put your money to work instead of you. If you take the statistics, you can easily verify that most of the world's high earners are either entrepreneurs or investors who wisely leverage their money. So not only it is easier to put money to work to make more money, but it has infinitely greater potential than anything one can achieve by working a job for money.
I'm discussing today the best and most innovative money making idea that can apply to everyone - whether you're a college student, grandma or going through your mid life crisis and have realized everything you've ever done to make money hasn't really been worth it. All you need to do is to understand the value and power money has, especially when it comes to making money. Once you understand this money making idea, you can implement it straight away with minimal cost and effort.
- Start with a Small Amount
You can start with a small amount of money and allow it time to grow. To make money with money, you don't need to be a millionaire at the beginning. In fact, anyone who is fond of a coffee or pizza once every so often can enter into this unique money making idea because it costs only roughly the same amount. Today is the day for you to realise that you no longer have to work hard all the time for your money. Put your money to work so you don't have to!
- Set Realistic Goals
Since you are starting with a small amount, don't expect to see an unrealistic return. It is also better not to spend all the returns in the initial phases but rather to reinvest them into your investment system to make even more out of it. For example, say you have invested $5 in a month and get a return of $(5+1=)6. Then the thing to do which will put a rocket into your investment growth is to invest that $6 into the next investment vehicle. It will help you to reach your desired goal at a much faster rate.
- Understand the Core Logic
You must understand the core logic behind the success of the money making plan you are using. When you are investing your money, you must realize the proposed plan and the mathematics supporting the profits you are aiming for. It is vitally important that you realize the basic money making idea of the particular business before you invest your money.
- Verify the Reputation
When you join any business as an investor, you must check the records, reputation and performance of the company, no matter how much or how little you have invested. If you are planning to invest your money into some business that does not have any solid track records, it is better to stay away from it. Also you must check if the company is paying returns on time to its investors so that you can count on collecting your profits promptly when they are due.
If you don't follow these rules, you are risking your money for nothing. On the other hand, if you're investing in a business that follows all these points satisfactorily, you are on your way to establishing a successful investment portfolio and a great money making idea.
If you're not really keen doing this all on your own, have you thought about joining an investment alliance?
Author Resource:- Currently you can freely access this great report How To Make Money With Money - Every Time - Guaranteed at http://www.LifestyleAbundant.com . It totally points you in the right direction for making money with money AND the best thing is you don't need to do any work to get involved.
Thursday, March 11, 2010
Monday, March 8, 2010
Tuesday, March 2, 2010
Today on EURUSD – Daily and H4 charts support Short trades, but…
On the Daily chart above, we would observe price is still within the downward or bearish channel, and there is the likelihood that price would attempt to find its way down toward the lower edge of the channel – especially when we consider the fact that price is in a very strong longer term bearish trend. From a day-trade perspective, our bias favors the bears, and price break below the previous day’s low @ 1.3459 (not highlighted) earlier today gives more credence to the bias. However, price is around the most recent Daily swing low @ 1.3450 (which we’ve highlighted using the blue broken line), and it seems the bears are currently struggling to break decisively below the support level. It would be preferable to wait for the close of today’s candle to be surer of where price might be heading next.
On the H4 chart above, price has breached the most recent swing low @ 1.3459 (which we’ve highlighted using the blue broken line) downward. That automatically sustains our bias in favor of a downward price move. However, to buttress the support hurdle the bears are contending with around the 1.3450 level, which we discussed on the Daily chart, price is struggling to break decisively below the most recent H4 swing low @ 1.3459 that we just mentioned above.In all, our Daily bias still favors the bears, but we need to be very cautious if we attempt to seek Short trade setups, today, on this currency pair.
The white horizontal line @ 1.3653 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.
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