Regret Will Kill Your Forex Account

OK, so you just pulled the trigger on a trade and every bone in your body told you not to. You violated the rules dictated in your trade plan and you watched a small profit immediately turn into a major loss.

Sound familiar? What do you do?

You get over it, that’s what you do! Regret over a bad trade will eat your account from the inside out. Regret is a more powerful emotion than most traders recognize. It is like the unwanted guest that keeps living off of your bank account until there is no more left. It takes most traders into a tailspin that they will never recover. It can lead to dangerous psychological results such as failure to pull the trigger over even worse, paralysis by analysis.

Suddenly, It's a Bleak Midwinter for Housing and Lending

If you're wondering how the housing market collapse in the US will impact your favorite Central Banker (and interest rates), here's an interesting article to help support your fundamental Forex analysis:

A Forex Trader’s Lifestyle

Whether you are a novice Forex trader or a seasoned veteran one aspect you must always take into account is to ensure your lifestyle supports successful trading. Forex trading is no different from any other endeavor in life. Whether you are employee, employer or self-employed you must take the time and effort to ensure your environment is conducive to your success.

Take a look at your surroundings and make sure your lifestyle supports you being a successful Forex trader. Take in all the factors of success (how YOU define success) evaluate your factors to make sure your trading is:

Specific – Do you have specific trading goals and objectives? Do you have a trading plan? Ask yourself is your plan to general?

Measurable – Do you have systems in place to objectively measure your performance? If you don’t know your numbers then do you really have a trading business?

Has a Timeline – Do you have a timeline for which you are measuring your goals and objectives against?

Controllable – There are many aspects in Forex trading you can’t control, ensure that the areas your can control are firmly defined and managed with discipline.

Programmed Into Your Lifestyle – Are your Forex trading activities programmed and congruent with your lifestyle? Balance is important so make sure this passes the test!

Taken in Small Steps - This business is a marathon and not a sprint. Start off with small steps and build. The best practice trading principals do not change with account size.

Accountable – Forex trading (or any trading for that matter) can be such an isolated activity. Find ways to have others participate and hold you accountable for your goals. Make it real and measurable!

South Asia urged to push lenders for payments

South Asia should push international lenders for a year's halt on payments and create a network of currency swaps to help weather the global crisis, Sri Lanka's president told a regional bloc on Friday.
President Mahinda Rajapaksa, who chairs the South Asian Association for Regional Cooperation (SAARC), also urged a meeting of its foreign ministers to boost efforts to counter terrorism in a region beset by unrest and poverty.
"The instability caused by this crisis can be considered quite similar to the threat caused by terrorism to our societies and our region," he said.
SAARC represents roughly a fifth of the world's population, but has rarely risen above squabbles over a free trade agreement and has been hobbled by regional rivalries, particularly those between India and Pakistan.
Neither nation sent their foreign ministers to the two-day meeting. Sri Lanka, Bangladesh, Afghanistan, Bhutan, the Maldives and Nepal round out the rest of the group formed 23 years ago to boost economic cooperation.
Rajapaksa said the bloc should push multilateral and interational lenders for standstill arrangements on debts for at least a year "so that developmental initiatives ... will not have to be abruptly stopped".
"Such arrangements could also be flexible enough so that at the end of one year, these could be reviewed and extended if the global financial crisis would still exist," Rajapaksa said.
That issue is close to home for the Indian Ocean island nation, which saw its rupee currency hit an all-time low on Friday amid low foreign exchange reserves that prompted Fitch to cut its outlook to negative. [ID:nHKG210950]
To help bolster reserves, Sri Lanka has already entered into a currency swap deal worth $200 million with one country it will not name, and the central bank says it is in advanced discussions with two other nations.
Rajapaksa said a similar regional iniative would be a tonic to soothe the trickle-down effects of the crisis, as the ASEAN bloc has successfully implemented.
"I am reminded of the success in our adjacent region, East Asia, which during the East Asian financial crisis, created a network of bilateral swap arrangements and has now created a reserve fund to address liquidity problems," Rajapaksa said.
Full economic cooperation has long eluded SAARC, despite signing a free trade deal in 2006 that has yet to show any real benefits.
Intra-SAARC trade is just over 5 percent of South Asia's total trade, compared to 26 percent seen among ASEAN countries and 55 percent among EU members.
Sri Lanka is halfway through its one-year chairmanship, after an August summit in Colombo at which leaders signed a pact to combat terrorism and to create a food bank to fight hunger amid then-rising food prices.

24 Hour Access to the World

Select the forex market, select the time, and start trading. The massive liquidity of forex, combined with a true 24-hour forex market that's traded 5.5 days a week, offers you exceptional independence and forex currency trading when you want to, not when the market wants you to. The forex market literally follows the sun around the world, moving from major banking and financial centers of the United States to Australia and New Zealand to the Far East, to Europe and finally back to the United States.
During each trading day, overall foreign currency trading volume is determined by what markets are open and the times each of these markets overlap one another. With each passing second, minute and hour, forex currency trading volume remains high, but peaks highest when the British, European and U.S. markets are open at the same time - from 1 p.m. GMT to 4 p.m. GMT. The volume of the Pacific Rim markets, such as Japan and Hong Kong, subsides compared to the crest of the U.S. market, but still offer the forex trader the ability to analyze the highly traded Pacific Rim currencies.

What is Forex?

The system of global trading in foreign currency is known as the Foreign Exchange Market, Forex, or just FX. Over the last three decades the foreign exchange market has become the world's largest financial market, it trades over $1.5 trillion USD daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Forex is part of the bank to bank currency market known as the 24-hour Interbank market.

Posted by UBAID UR REHMAN at 1:58 PM 0 comments

UAE Real Estate

nvesting in Dubai's dynamic and fast moving market is quite simple. The only paper required is a
relatively straightforward sales agreement. If necessary, foreigners can apply for financing. The two
main lenders in Dubai, specializing in real estate mortgages, are Tamweel and Amlak. When buying
property, it is advisable to use a lawyer and make sure a formal contract is signed, especially if
purchasing on the secondary market. It is possible and quite common to purchase directly from the
developer (such as Emaar or Nakheel) who may charge a transfer fee of between 1-3%. It is typical to have to provide a down payment, plus installments, with the final installment due upon completion or handover of the property. Upon completion, the property should be registered with the Dubai Lands
Department. There is a land registry fee equal to 1.5% of the purchase price of the property. Owners should also expect to pay a yearly property maintenance fee which covers such things as any necessary plumbing or electrical repairs, cleanliness of the site, and security.