Upcoming Cars in 2011 Toyota FJ Cruiser Preview with specification

Upcoming Cars in 2011 Toyota FJ Cruiser Preview with specification

The MSRP for the Upcoming Cars in 2011 Toyota FJ Cruiser will be approximately $24,000 at the low end and $26,000 at the high end. In order to help sales and get it noticed, Toyota prices the FJ Cruiser aggressively, so there isn’t much wiggle room there. The FJ Cruiser has only one engine, a 4.0-liter V6 that delivers 259 horsepower and 270 pound-feet of torque. Toyota pairs the V6 with a 5-speed automatic transmission in two-wheel drive as well as part-time four-wheel drive Cruisers. Toyota opts for the 5-speed manual transmission in the full-time 4WD models. A properly equipped FJ Cruiser can tow approximately 5,000 pounds.

We've been holding off on writing about the FJ Cruiser until we test drove one, but it seems they're sold out at every Toyota dealer nearby. So, we're just going to highlight it here before it becomes really old news. The FJ Cruiser (starting at $21,700) is one of the few SUVs with a suspension and frame system that was actually created for real off-road use.

Silver most popular car colour

According to research from paint manufacture DuPont, silver and black are the world’s most popular colours for cars.

Silver takes 26% of the global market, with black taking second place with 24%. Least popular were yellow/gold, nabbing a mere 1% of the market.

The report takes into account regional trends from 11 of the world’s leading automotive regions, including for the first time, trends from South Africa.

The top 10 is:

1. Silver – 26%

2. Black/Black Effect – 24%

3. White/White Pearl and Grey – 16%

5. Red – 6%

6. Blue – 5%

7. Brown/Beige – 3%

8. Green – 2%

9. Yellow/Gold – 1%

10. Others – 1%

With silver, black and white taking the top three spots in most countries, grey is also becoming popular among car-buyers in many regions.

Both silver and black/black effect saw a 1% gain in popularity in the 2010 report, with white unchanged since last year. Grey increased in popularity by three percentage points, and although red and blue remain popular in some markets, both have fallen three points since last year. DuPont analysts persistently see increasing popularity towards brown and beige.

Europe breaks the mould globally. Black is the most popular colour, with grey and silver in second and third places. In the MPV market, grey is the most popular colour.

2011 Aston Martin Le Mans LMP1 Challenger Racer With Specification And Prices

2011 Aston Martin Le Mans LMP1 Challenger Racer With Specification And Prices With Reviews

Those who follow sports car racing has probably noted that temperature ratcheted up in recent years, a number of reasons. First, as previously dominant Audi had a lot of sense, tough opposition from Peugeot in the fastest LMP1 class. But it is also about a general growing interest in sports car racing, particularly in the USA and Canada where you run your own “American Le Mans Series (ALMS).

Upcoming 2011 Aston Martin Le Mans LMP1 Challenger Race Pictures And Images

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History of insurance

In some sense we can say that insurance appears simultaneously with the appearance of human society. We know of two types of economies in human societies: money economies (with markets, money, financial instruments and so on) and non-money or natural economies (without money, markets, financial instruments and so on). The second type is a more ancient form than the first. In such an economy and community, we can see insurance in the form of people helping each other. For example, if a house burns down, the members of the community help build a new one. Should the same thing happen to one's neighbour, the other neighbours must help. Otherwise, neighbours will not receive help in the future. This type of insurance has survived to the present day in some countries where modern money economy with its financial instruments is not widespread.

Turning to insurance in the modern sense (i.e., insurance in a modern money economy, in which insurance is part of the financial sphere), early methods of transferring or distributing risk were practised by Chinese and Babylonian traders as long ago as the 3rd and 2nd millennia BC, respectively.[13] Chinese merchants travelling treacherous river rapids would redistribute their wares across many vessels to limit the loss due to any single vessel's capsizing. The Babylonians developed a system which was recorded in the famous Code of Hammurabi, c. 1750 BC, and practised by early Mediterranean sailing merchants. If a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the lender's guarantee to cancel the loan should the shipment be stolen or lost at sea.

Achaemenian monarchs of Ancient Persia were the first to insure their people and made it official by registering the insuring process in governmental notary offices. The insurance tradition was performed each year in Norouz (beginning of the Iranian New Year); the heads of different ethnic groups as well as others willing to take part, presented gifts to the monarch. The most important gift was presented during a special ceremony. When a gift was worth more than 10,000 Derrik (Achaemenian gold coin) the issue was registered in a special office. This was advantageous to those who presented such special gifts. For others, the presents were fairly assessed by the confidants of the court. Then the assessment was registered in special offices.

The purpose of registering was that whenever the person who presented the gift registered by the court was in trouble, the monarch and the court would help him. Jahez, a historian and writer, writes in one of his books on ancient Iran: "[W]henever the owner of the present is in trouble or wants to construct a building, set up a feast, have his children married, etc. the one in charge of this in the court would check the registration. If the registered amount exceeded 10,000 Derrik, he or she would receive an amount of twice as much."[14]

A thousand years later, the inhabitants of Rhodes invented the concept of the general average. Merchants whose goods were being shipped together would pay a proportionally divided premium which would be used to reimburse any merchant whose goods were deliberately jettisoned in order to lighten the ship and save it from total loss.

The Greeks and Romans introduced the origins of health and life insurance c. 600 AD when they organized guilds called "benevolent societies" which cared for the families and paid funeral expenses of members upon death. Guilds in the Middle Ages served a similar purpose. The Talmud deals with several aspects of insuring goods. Before insurance was established in the late 17th century, "friendly societies" existed in England, in which people donated amounts of money to a general sum that could be used for emergencies.

Separate insurance contracts (i.e., insurance policies not bundled with loans or other kinds of contracts) were invented in Genoa in the 14th century, as were insurance pools backed by pledges of landed estates. These new insurance contracts allowed insurance to be separated from investment, a separation of roles that first proved useful in marine insurance. Insurance became far more sophisticated in post-Renaissance Europe, and specialized varieties developed.

Some forms of insurance had developed in London by the early decades of the 17th century. For example, the will of the English colonist Robert Hayman mentions two "policies of insurance" taken out with the diocesan Chancellor of London, Arthur Duck. Of the value of £100 each, one relates to the safe arrival of Hayman's ship in Guyana and the other is in regard to "one hundred pounds assured by the said Doctor Arthur Ducke on my life". Hayman's will was signed and sealed on 17 November 1628 but not proved until 1633.[15] Toward the end of the seventeenth century, London's growing importance as a centre for trade increased demand for marine insurance. In the late 1680s, Edward Lloyd opened a coffee house that became a popular haunt of ship owners, merchants, and ships' captains, and thereby a reliable source of the latest shipping news. It became the meeting place for parties wishing to insure cargoes and ships, and those willing to underwrite such ventures. Today, Lloyd's of London remains the leading market (note that it is an insurance market rather than a company) for marine and other specialist types of insurance, but it operates rather differently than the more familiar kinds of insurance. Insurance as we know it today can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses. The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan for London in 1667."[16] A number of attempted fire insurance schemes came to nothing, but in 1681 Nicholas Barbon, and eleven associates, established England's first fire insurance company, the 'Insurance Office for Houses', at the back of the Royal Exchange. Initially, 5,000 homes were insured by Barbon's Insurance Office.[17]

The first insurance company in the United States underwrote fire insurance and was formed in Charles Town (modern-day Charleston), South Carolina, in 1732. Benjamin Franklin helped to popularize and make standard the practice of insurance, particularly against fire in the form of perpetual insurance. In 1752, he founded the Philadelphia Contributionship for the Insurance of Houses from Loss by Fire. Franklin's company was the first to make contributions toward fire prevention. Not only did his company warn against certain fire hazards, it refused to insure certain buildings where the risk of fire was too great, such as all wooden houses. In the United States, regulation of the insurance industry is highly Balkanized, with primary responsibility assumed by individual state insurance departments. Whereas insurance markets have become centralized nationally and internationally, state insurance commissioners operate individually, though at times in concert through a national insurance commissioners' organization. In recent years, some have called for a dual state and federal regulatory system (commonly referred to as the Optional federal charter (OFC)) for insurance similar to that which oversees state banks and national banks.

source: http://en.wikipedia.org/wiki/Insurance

Twelve Tips for Getting Your Bank Loan Approved

Securing a bank loan to finance your small business is getting to be more difficult. Here are twelve basic steps you must take before going to the bank for a business loan.

Finding the money needed to start a new business is almost always one of the most difficult obstacles new owners face. The most likely (and easiest) sources of capital are your families, friends and own savings. However, you should not overlook institutional sources as well. Without a previous track record in business, securing a bank loan may be difficult. Banks cite risk factors and increasing costs of servicing small accounts as the primary reasons for minimizing their exposure to small businesses. Still, it can be done. Here are the steps that you should take to improve your chances of getting that much-needed bank loan:

1. Keep in mind that to stay in business banks need to make loans. Do not be afraid to ask for one. That is what the loan officer wants you to do. To increase your chances of getting a loan, look for a bank that is familiar with your industry and who has done business with companies like yours. Seek out banks that are active in small business financing. Some banks lend on a conventional basis (lending money without government support), while some banks participate in government programs (in the form of government participations involving direct government funds or loan guarantees). However, be aware that banks often demand stiff collateral requirements for start-ups.

2. As an entrepreneur, make sure that you are thoroughly prepared when you go to your banker's office to request a loan. You need to show your bankers that a loan to you is a low-risk proposition. Have on hand a completed loan application, copies of cash flow and financial statement projections covering at least three years, and your cover letter.

3. Learn to anticipate every question that he or she has. Remember, the combination of information and preparation is the most powerful negotiating tool in the world. A confident and thoroughly prepared borrower is four times more likely to have his or her loan approved than a borrower who does not know the answer to some of the basic questions a banker asks. To show the extent of your preparedness, your business plan should also include answers to your banker's questions. These questions normally are:

* How much money do you need? Be as exact as possible; although adding a little extra for contingencies will not hurt.

* How long do you need it for? Be prepared to go into detail about what the money will do for you and why your business is a good risk.

* What are you going to do for it? Businesses use loans for three things: to buy new assets, pay off old debts, or pay for operating expenses.

* When and how you will repay for it? Your cash flow projections should provide a repayment time frame. Convince the banker of the long-term profitability of your business and your ability to repay the loan by using your financial projections and business plan.

* What will you do if you do not get the loan?

4. Do not take an apologetic and negative attitude. Keep your negativity in check. Present yourself as an entrepreneur who can and will repay the loan. Boost your image by providing your loan officer with any promotional materials about your business, such as brochures, ads, articles, press releases, etc.

5. Dress in a professional manner for the interview. This is a business transaction, so treat it as such.

6. Do not stretch the truth in your loan application. Broad, unsubstantiated statements should be avoided. The lender can easily check many of the facts on your application. If you cannot support statements with solid data, then don't make them. Do your homework and spend time doing research to be able to support everything you say, including every single number in your projections. It is best to keep projections, assets lists and collateral statements on the conservative side.

7. Be sure all your documents are neat, legible and organized in a cohesive and attractive manner. Type all your loan documents. Handwritten documents look unprofessional. Don't forget to include a cover letter.

8. Do not push the loan officer for a decision. Doing so might result in a rejection. Your banker cannot make a decision until all your documentation is complete. To ensure a speedy decision, make sure that your application is complete.

9. Be confident. An attitude of confidence enhances your chance of getting the loan. Show that you can make a success out of the money that the bank will lend to you. Visualize in your mind the positive results of your bank application.

10. Keep trying one lender after another until you get your loan. To improve your position as you change bankers and banks, the best way is to ask for a referral from a successful entrepreneur. Before you decide to approach a bank directly, find an associate, friend or acquaintance that is in good standing with the bank to give you a good referral. Bankers tend to deal more favorably those who were referred to them by their best customers.

11. Failure to discuss risk in your application. You must remember one thing: there is no business without risk. If you do not discuss risk, the bankers will assume that you haven't thought about risk. Let's face it - try as we might, we cannot plan for everything, for every contingency, for every turn of events. Bankers would want to know if you have planned for the major risks and how you intend to manage it.

Then, there is also the risk of too much success. The demand for your products or service may exceed well beyond your expectations, and they would want to know how you intend to handle success.

12. Remember that the first loan is usually the hardest to get. Bankers prefer to lend money to borrowers who have borrowed at least once and have paid back at least one loan on time. They are not venture capitalists that make high-risk loans regardless of the profit prospects of your business. Bankers prefer to lend to low-risk, low profit ventures than to high risk businesses or those with no record of accomplishment.

Top 10 Benefits Of A Personal Loan

The following article presents the very latest information on high risk personal loans. If you have a particular interest in personal loans, then this informative article is required reading.

There are many uses for personal loans, ranging from small loan amounts to larger loans to cover expensive work such as a much-needed extension to the home, or to finance the purchase of a new car. The loan finding service will match your needs with the right product for you, it is quick, simple, free and carries now obligation. We’ve searched the whole market to bring you the best unsecured personal loans. All the Best Buys have low rates, helping you keep the cost of borrowing down. Personal loans make the most sense for people who want to repay something over a few years. If you only need the money over six months using your credit card probably makes more sense.

Fast Loans Assistant offers to help find cheaper personal loans. Cheaper personal loans can be searched for every borrower in the UK. We have access to UK lenders who will listen to your personal loans needs whatever they may be. Good or bad credit loans, with loans for homeowners or UK tenant loans, secured loans or unsecured. When you are looking for and comparing unsecured personal loans there are a number of things that you should look at. Firstly, and most obviously, you need to compare the interest rates being charged by various UK loan companies.

Knowledge can give you a real advantage. To make sure you’re fully informed about high risk personal loans, keep reading.

There is a great variety of different types of personal loans available. It can be perplexing when trying to decide which type of loan best fits your needs. New prevailing theory is to offer personal loans to a huge amount of consumers while throwing out credit check requirements. If you have past credit issues such as bankruptcy, auto repossessions, foreclosure, or other challenging credit circumstances you can learn more about bad credit personal loans.

So, qualifying for an unsecured loan at unsecured personal loans is simple and hassle free. Finance teams are different from other personal loans providers – the policy is to work as hard as possible for our customers – that way we keep you happy – and happy customers will use us again – simple. Finding loan information can be a time consuming process, especially if you want to make sure you are getting the best deal possible.

There are many different types of personal loans, before you jump right in, take a minute to find out the difference between fixed interest, variable, secured and unsecured loans. Quite often choosing the most appropriate type of loan will save you money. You can even access financial advice on matters pertaining to bad credit personal loan finances for a better understanding. Enjoy the convenience of applying for a loan at bad debt personal loans. Just to save your time and money we have simplified the whole loan application form.

When word gets around about your command of personal loan facts, others who need to know about high risk personal loans will start to actively seek you out.
About the Author:
Christopher is the author of this article. FastLoansAssistant.com help you to find and compare high risk personal loans and provides resources for I need a personal loan quick but I have bad credit. All links must be left unchanged.

How to Calculate Rollover Interest?

In the Foreign Exchange Market or Forex market, Rollover is a method of stretching the arranged clearing date or what is known as the settlement date of an open position. Mostly, in common currency trades, trades ought to be completed in two business days and traders who wish to stretch their positions with no intention of settlement must close their positions before 5:00 in the afternoon Eastern Standard Time on the date of settlement day, plus re-opening of them the next trading day. This means by rolling over the position, this at the same time closes the existing positions at the daily close rate and again coming into a new opening rate at the next trading day. This precisely means that the trader is indirectly extending the settlement day by one more day.

This is also known as tomorrow next strategy, it is functional in forex due to many traders have no purpose of getting delivery of the currency they buy but instead they have the intention of getting profit from fluctuating exchange rates. Since rollovers shove out the settlement by another two trading days, it may cause a gain or a cost to the trader depending on the existing rates.

Apparently, Rollover is when you reinvest funds from a mature security into a new issue of the similar security or same security. You are transferring the holdings of one retirement plan to another without the agony of tax effects. Plus a charge is incurred by Forex investors who extend their positions on the following delivery date.

Rollover interest is the net effect of the money borrowed by an investor to purchase another currency and such interest is paid on the borrowed currency and earned on the purchased currency. To calculate this interest, you should get the short-term interest rates on both currencies, the existing exchange rate of the currency pair and the number of the currency pair purchased. For instance, an investor possesses 15,000 CAD/USD. The present rate is 0.9155, the short term interest rate on the Canadian dollar (base currency) is 4.50% plus the short term interest on the US dollar (quoted currency) is 3.75%, so the interest would be $33.66 [{15,000 x (4.50% - 3.75%)} / (365 x 0.9155)].

If on the contrary, the short term interest rate on the base currency is lower than the short term interest rate of the borrowed currency, the interest rate would result into a negative number which may reduce the value of the investor’s account. Such interest can be avoided by taking a closed position on the currency pair. If an option is about to expire is quite favorable to grip, you can either buy or sell the later expiring option. Always note the interest rate that is paid by a currency trader or he may received in the course of these forex trades is considered by the IRS as ordinary interest income or expense. For taxation, the trader of the currency should always keep track the interest received or paid, separate from regular trading gains or losses.

How to Use Pivot Points in Forex and Stock Trading?

I already knew that some traders use nothing but Pivot Points to trade but I had never used it because I had been stuck to my own trading system(s). This weekend I spent some time to research about Pivot Points and see how others use this indicator for their intraday trading and I found it really useful to have the Pivot Points on your charts even if we have a different trading system.

Most traders who use Pivot Points are intraday traders. I mean Pivot Points can be used mainly for intraday trading.

What are the Pivot Points?

Pivot Points or Pivot Levels are nothing but some support and resistance levels that you can calculate and plot on your charts very easily. Some platforms support Pivot Points but if you use a platform that doesn’t support it, you can easily calculate and plot them.

Pivot Levels are calculated using three types of information from the previous trading day:

* High price
* Low price
* Close price

Even in forex market which is a 24 hours market we have high, low and close price for each day. The easiest way to find the high, low and close price of the previous day is checking the previous day candlestick in the daily chart. Each candlestick in the daily chart takes 24 hours to become completed and then the next candlestick comes. So if you want to trade today which is - for example - Feb 3th, you need to check the Feb 2th candlestick in the daily chart and find the high, low and close price.

If you don’t know what high, low and close prices can be found in a candlestick, please read my candlestick article:
The Language of Japanese CandleSticks - The Only Real Time Indicators

So the Pivot Points that should be used for today trading are plotted using the high, low and close price of the previous day. You can plot the Pivot Points (levels) on smaller time frames like one hour or five minutes chart. Pivot Levels tell you that when and how the price will reverse and change the direction.

Like all other indicators and signals, Pivot Points is a not 100% guaranteed indicator and sometimes they don’t work but as I explained at the beginning of this article, it is good to have them on your charts even if your trading system is not based on the Pivot Points.

The first and most important Pivot level is the Pivot Point which is the average of the high, low and close price of the previous day:

Pivot Point = ( Yesterday High + Yesterday Close + Yesterday Low )/3

Then we have Resistance 1 and Support 1 or R1 and S1:

Resistance 1 = ( Pivot Point x 2 ) - Yesterday Low

Support 1 = ( Pivot Point x 2 ) - Yesterday High

Pivot Point, R1 and S1 are the most important Pivot Levels but we can also calculate the Resistance 2 and Support 2 or R2 and S2.

Resistance 2 = Pivot Point + ( Yesterday High - Yesterday Low )

Support 2 = Pivot Point - ( Yesterday High - Yesterday Low )

So we will have 5 horizontal lines on our chart:

Resistance 2
Resistance 1
Pivot Point
Support 1
Support 2

These are the levels that the price may show reactions to them during the day.

Now let me show you the 5min chart that the Pivot Levels are calculated and plotted on it. I have chosen the 29 January 2008 high, low and close price to plot the Pivot Levels for the next day (30 January 2008) on the EUR-USD five minutes charts.

Here is the 29 January 2008 high, low and close prices:

High = 1.4787
Low = 1.4737
Close = 1.4787

and here is the calculated Pivot Points according to the above formulas:

R2 = 1.4820
R1 = 1.4804
Pivot Point = 1.4770
S1 = 1.4754
S2 = 1.4720

and here is the plotted levels on the 5min chart:



As you see it is very easy to calculate and plot the Pivot levels.

Now lets see how the price reacted when it reached any of the Pivot levels. To do that I will show you the 30th January chart with a higher magnification and will change the candlestick chart to a line chart for more simplification.

Follow the blue ovals and numbers on the below chart and read my explanations.



1- This is the beginning of the day. The price starts moving under the Pivot Level (1.4770) and goes a little down.
2- Then the it goes up to retest the Pivot Level (1.4770) as a resistance. As you see here the Pivot Level works as a strong resistance and the price can not break up and so it goes down.
3- The price is stopped almost by the S1 level (1.4754).
4- Then goes up to retest the Pivot Level and this time succeeds to break up the Pivot Level.
5- Then it goes down to retest the broken Pivot Level as a support but fails and goes up.
6- It tests the R1 level and break it up.
7- It goes down to retest the broken R1 but fails and goes up.
8- It goes down to retest the R1 and goes up and goes down immediately and completes the triple top pattern, retests, breaks down the R1 and goes down.
9- It is stopped almost by the Pivot Point as a support. It goes up and down around that level and then …
10- Goes up to retest the R1, fails once, goes down and then goes up to retest, breaks up the R1 level and goes up.
11- It doesn’t show any reaction to the R2 level and goes much higher.
12- It goes down to retest the R2. This time R2 works as a support and the price shows a reaction to it. It fails to break down the R2 and bounces up and the day is finished.

Now you can plot the Pivot points for the next day (31 January) using the high, low and close price of the 30 January and this process can be repeated day after day.

see how the price went up and down between the Pivot Level and Resistance 1 on 31 January:



As you see, the Pivot Levels are important and sometimes the price shows strong reactions to them.

How to trade using the Pivot (Points) Levels?

The main Pivot Level is the most important level [( Yesterday High + Yesterday Close + Yesterday Low )/3] . In a trading day, if the price opens under this level, it means the price has a stronger tendency to go down and Bears are stronger. So we can take a short (sell) position. If the price opens above the Pivot Level, it means Bulls are stronger and we can take a long (buy) position. All other levels may work as support and resistance and so we have to be careful when the price reaches them.

As you see at the above chart (31 January 2008), the price is opened a little above the Pivot Point while it had already started going up. It goes up as high as the R1 level and then goes down. Those who use Pivot Levels to trade, would go long at the beginning of the day but for me it will be a little different.

For me, the Pivot Levels will be considered as the potential support/resistance levels and I will not take any position just because the price is opened below or above the main Pivot Level. I use my technical analysis, find patterns and pennants and will have an eye on the Pivot Levels to close my trades on time before I lose my profit. I consider this rule that if the price is opened above the main Pivot Level, it may go up and visa versa. Then I wait for a breakout and will take the proper position.

For example at the above example, I would consider that the price was opened above the Pivot Level and it had a stronger tendency to go up. Then I would wait for the price to break up the wedge and then I would go long. Then I would have an eye on it and as soon as it showed some reactions to the R1 level, I would fix my profit. So Pivot Points are just some help. They don’t generate buy/sell signals.

I hope you enjoyed this article and learned something from it. Please use the below comment submission form to let me know if you need anything to be explained more.

A Forex Trading Plan: Limit Your Greed and Make $53,000 Per Month After Two Years

The title of this article resembles the seductive sentences you see a lot on scam and phishy or HYIP and Ponzi scheme websites. Please don’t get me wrong. I am not trying to refer you to one of these programs. I want to talk about one of the most important reasons of forex traders’ failure and show you a good way to overcome it.

I don’t know how long you have been trading forex, but you can be among those traders who have been trying to make a living or at least a supplementary income through forex trading, but have not been successful so far. There are a lot of people who have spent several years to learn forex. They have tried so many systems and strategies but they still lose. They still think that they have not found a good system and their problem is that they don’t have a good trading strategy , but they are wrong. They have had several good systems but they have not been able to make those systems work and make money for them. They know much more than what they should know to be a profitable trader, but they still read and learn more and more and still they think that they have not learned enough.

GREED is the most important reason of their failure. They have not been able to become a profitable forex trader because they are greedy. Because they are not even aware of their greed. It controls them and pushes them to overtrade and take wrong positions, but they don’t know. Greed is a normal emotion that everybody has. If you have not been greedy so far and if you think you are not greedy, just trade forex and see how greedy you are. This is normal. Everybody likes to work less and make more. Everybody likes to become a multi-millionaire or multi-billionaire within the shortest time but the problem is this strong desire can not only prevent you from getting rich, but it doesn’t even let you become a profitable forex trader who is able to make a steady small income every month.

The problem is that sometimes we don’t know what greed is, what it does and how it works. If you overtrade; if you take positions when there is no strong and sharp signal; if you take the position while it is too late and you should wait for another trade setup; if you push yourself to trade every day and when you don’t find a trade setup one day you feel angry, guilty and uncomfortable; if you try to double or triple your account within the shortest time; if you get furious when you see you have missed a good trade setup; if you take too much risk and trade more than 2-4% of your account; if you don’t close a wrong position as soon as you are realized that it was a mistake; if you follow several trading systems and strategies because you want to have as many trade setups as possible every day; if you still look for e-books and articles every day and you read them and follow and try their directions and you are not happy with what you have learned; if you like to trade with small time frames to have more trade setups; if you set a big pip or monetary goal for yourself and you get upset when you can not achieve it… THEN you are not able to control your greed.

I don’t say you are greedy. I say you are not able to control your greed. Because everybody is greedy. The difference is some people are able to control their greed and some people are not.

Now let me share something that I shared with members of Forexoma Live Market Analysis today. Then I will tell you what to do to become able to control your greed and become a profitable forex trader. Please read the below paragraphs to see what made me talk about greed:

Last Friday daily candlesticks had formed a very strong sell signal with several currency pairs including NZD-USD which had the best trade setup, but unfortunately market was opened on Sunday afternoon with a big gap, almost in all of the currency pairs that had already formed a trade setup. Usually when market opens with a gap, it is used to go against the gap direction and fill it because those traders who already had a position from the last week, when they see they are in a big profit because of the gap, they get overwhelmed and close their positions to collect their profit and so price goes to the other direction right after the market open. But last night it didn’t fill the gap and kept on going down. In these cases, I just call it bad luck and then forget about it and wait for another trade setup. I never enter if I am late. If I can enter on time and with the price that I should enter, I do it, otherwise I ignore the trade. This is a very important aspect of discipline that a trader should have. Our greed pushes us to enter even when it is too late. I know it is a pain to see a good and a strong trade setup runs away from you while you are not on board, but this is part of the game too. We can not catch all the movements.

I read somewhere that a trader said he preferred to be late than wrong. But I think being late can be as risky as being wrong. So I prefer to be right and on time than wrong or late.

Maybe many of you, have been trying forex for several months or even a few or few years but have not been profitable so far. You make some profit every now and then and lose it with some bad trades. Let me share a million dollar secret now. It is the right time to do it.

You will become profitable only when you become able to control your greed. You should be able to ignore some positions and signal that don’t look good and strong or you are late and it is not safe to enter. If you review your memory, you will see that most of the bad positions you have taken are because you have not picked a strong signal or because you had missed a strong signal but you pushed yourself to enter and make some profit and get out. But they went against you right after you entered. Maybe they have been waiting for you to enter to change their direction. Sometimes it really looks like that a position has been waiting for you to enter and right when you clicked on buy or sell button, it changed its direction. It is because you are late or you have picked a poor signal.

Being late or picking a poor signal is because of nothing but greed. You can not ignore the money that it may make for you. So you take it. When it comes to trading, everybody becomes greedy. Please don’t get me wrong. I am not criticizing you. This is normal. Everybody likes to work less and make more. I knew myself as someone who could be everything but greedy. But when I started trading, I discovered my greed. It showed up. It is hard to know it first. You have no idea. It pushes and controls you but you don’t feel it. You are not aware of its presence. You will become a profitable trader only when you know it and become able to control it.

This was all I told them.

What is the solution?

The other problem with greed is that it covers your eyes and doesn’t let you see the bigger picture. You think, to become rich, you should have a $100,000 account and double it every month and as you can not afford to have such an account, you try to double or triple your $5000 account every week to reach to that level but you wipe out your account every month. This is your greed that doesn’t let you sit and calculate and see how much money you could make if you just would be patient and happy with a small amount of profit every month and what account size you would need to become rich in a short time. I have done this for you. Probably you have seen it on the July first week performance report but here I have done it differently and more precisely. I have created a spreadsheet for you that helps see your future. Click here to download the Excel spreadsheet. I have called it Forexoma $1000 Forex Plan.

Enter your account size in the primary account size cell. I have entered $1000 as an example. In the “profit per month” cell, enter 25 which means 25% profit per month (I have already entered it). After you press enter, it calculates the monthly profit you can make.

So, if you start with a $1000 account and you make only 25% profit every month and you don’t withdraw any money for 24 months, you will have a $211,758.24 account and you can make $52,939.56 per month after 24 months or two years.



It is unbelievable, isn’t it? But it is true. You could never imagine that a $1000 account could be changed to such a huge wealth. Please note that to make such an income, you don’t have to triple your account every month. You should only make 25% per month which is extremely easy.

Now try it with different amounts of primary account size and profit per month values and for example see that if you start with a $2000 account and the same 25% profit per month, you will make $105,879.12 per month, after 24 months. Try it yourself and see.

What does this Forexoma $1000 Forex Plan have to do with controlling your greed?

When you see how much money you can make with a $1000 account and making only 25% profit per month, you will not overtrade, you will not try to triple your account every month, you will not trade poor and weak signals, you will not follow several different trading systems at the same time, you will not take too much risk, you will not… and so you will not wipe out your account and you will become a profitable trader. You will know that there is no rush. You have enough time. You can wait for the best trade setups. You will not take any position. You will take the best ones. This is how your greed can be controlled. Do you agree?

Online Forex Currency Exchange Trading FAQs

What Is Foreign Exchange?

The Foreign Exchange trading market, also referred to as the "Forex" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.3 trillion. Forex is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example EURO/USD or USD/CHF.

Who Are The Participants In The FX Market?

The Forex market is called an 'Interbank' market due to the fact that historically it has been dominated by banks, including central banks, commercial banks, and investment banks. However, the percentage of other market participants is rapidly growing, and now includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, and private speculators.

What Is Margin?

Margin is required collateral for taking a forex trading position. It allows traders to take on leveraged positions with a fraction of the equity necessary to fund the trade. In the forex market leverage ranges from 1% to 2%, giving investors the high leverage needed to trade actively whereas equity market only provides leverage of 50% (double the buying power).

What Are Commissions And Fees charged By MoneyForex?

Unlike many other forex brokers, MoneyForex does not charge any commission in executing a forex trading order. We are a market maker and our major revenue is generated from the spread from currency traded; usually 3 to 5 pips. There is a small cost of holding positions overnight.

What Does It Mean Have A 'Long' Or 'Short' Position?

A long position is one in which a forex trader buys a currency at one price and aims to sell it later at a higher price; the investor is benefiting from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate; the investor is benefiting from a declining market. The risk of having either long or short position will be the same.

How Do I Manage Risk?

The most common risk management tools in forex online trading are the limit order and the stop loss order. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor's position. The liquidity of the Forex market ensures that limit order and stop loss orders can be easily executed.

Upcoming Cars in 2011 BMW Hybrids With Specification And Prices With Reviews and Images

Upcoming Cars in 2011 BMW Hybrids With Specification And Prices With Reviews and Images.


The BM­W 7 S­eries­ A­ctiveH­y­brid line is one of the first examples of real luxury hybrid sedans entering the market, and I’m loving the idea of having these gas-guzzlers turned into more environmentally-friendly houses-on-wheels.

The BMW 7 Series has always been a true example of luxury and stature, and this hybrid version is opening op the hybrid idea to people not wanting to compromise on luxury and image.

Understanding Public Indecency

When an individual gets charged with public indecency, it may mean that the individual committed any number of lewd acts in public. Public indecency is a catch-all term for acts committed in public that are deemed inappropriate for all to see openly.

Typically, these acts include some form of public nudity or sexual activity. Punishment for these crimes ranges from fines to community service to prison. Usually, the conditions surrounding the act play an important role in what sort of punishment an individual receives, as well as whether the individual is a first-time offender or not.

Most commonly, acts of indecent exposure or sexual intercourse or masturbation in public are considered indecent and may be punishable by law.

In most cases, the umbrella term "public indecency" is used to charge an individual with a crime for an action that is not necessarily banned by law. For instance, sexual intercourse or nudity in public may not be crimes in many areas, but law enforcement officials may still arrest these individuals on the grounds of indecency.

More so than many other laws, public indecency laws are open to the interpretation of the arresting officer as well as the court that hears the accused individual's case. As such, it may be possible for individuals to win their cases if they can prove that they did not actually break a law.

Doing this requires the legal expertise of a criminal defense lawyer who understands the criminal laws surrounding the act that an individual has been accused of committing.

Types of Insurance

Any risk that can be quantified can potentially be insured. Specific kinds of risk that may give rise to claims are known as perils. An insurance policy will set out in detail which perils are covered by the policy and which are not. Below are non-exhaustive lists of the many different types of insurance that exist. A single policy may cover risks in one or more of the categories set out below. For example, vehicle insurance would typically cover both the property risk (theft or damage to the vehicle) and the liability risk (legal claims arising from an accident). A home insurance policy in the U.S. typically includes coverage for damage to the home and the owner's belongings, certain legal claims against the owner, and even a small amount of coverage for medical expenses of guests who are injured on the owner's property.

Business insurance can take a number of different forms, such as the various kinds of professional liability insurance, also called professional indemnity (PI), which are discussed below under that name; and the business owner's policy (BOP), which packages into one policy many of the kinds of coverage that a business owner needs, in a way analogous to how homeowners' insurance packages the coverages that a homeowner needs.




Auto insurance
Auto insurance protects the policyholder against financial loss in the event of an incident involving a vehicle they own, such as in a traffic collision.

Coverage typically includes:

1. Property coverage, for damage to or theft of the car;
2. Liability coverage, for the legal responsibility to others for bodily injury or property damage;
3. Medical coverage, for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

Most countries, such as the United Kingdom, require drivers to buy some, but not all, of these coverages. When a car is used as collateral for a loan the lender usually requires specific coverage



Home insurance
Home insurance provides coverage for damage or destruction of the policyholder's home. In some geographical areas, the policy may exclude certain types of risks, such as flood or earthquake, that require additional coverage. Maintenance-related issues are typically the homeowner's responsibility. The policy may include inventory, or this can be bought as a separate policy, especially for people who rent housing. In some countries, insurers offer a package which may include liability and legal responsibility for injuries and property damage caused by members of the household, including pets




Health insurance
Health insurance policies issued by publicly-funded health programs, such as the UK's National Health Service will cover the cost of medical treatments. Dental insurance, like medical insurance, protects policyholders for dental costs. In the U.S. and Canada, dental insurance is often part of an employer's benefits package, along with health insurance.



Funeral insurance
Funeral insurance is a very old type of health insurance which is payed out upon death to cover funeral expenses of the insuree. The Greeks and Romans introduced funeral insurance circa 600 AD when they organized guilds called "benevolent societies" which cared for the surviving families and paid funeral expenses of members upon death. Guilds in the Middle Ages served a similar purpose.



Accident, sickness and unemployment insurance
# Disability insurance policies provide financial support in the event of the policyholder becoming unable to work because of disabling illness or injury. It provides monthly support to help pay such obligations as mortgage loans and credit cards. Short-term and long-term disability policies are available to individuals, but considering the expense, long-term policies are generally obtained only by those with at least six-figure incomes, such as doctors, lawyers, etc. Short-term disability insurance covers a person for a period typically up to six months, paying a stipend each month to cover medical bills and other necessities.
# Long-term disability insurance
# covers an individual's expenses for the long term, up until such time as they are considered permanently disabled and thereafter. Insurance companies will often try to encourage the person back into employment in preference to and before declaring them unable to work at all and therefore totally disabled.
# Disability overhead insurance allows business owners to cover the overhead expenses of their business while they are unable to work.
# Total permanent disability insurance provides benefits when a person is permanently disabled and can no longer work in their profession, often taken as an adjunct to life insurance.
# Workers' compensation insurance replaces all or part of a worker's wages lost and accompanying medical expenses incurred because of a job-related injury.



Casualty
Casualty insurance insures against accidents, not necessarily tied to any specific property. It is a broad spectrum of insurance that a number of other types of insurance could be classified, such as auto, workers compensation, and some liability insurances.

* Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal acts of third parties. For example, a company can obtain crime insurance to cover losses arising from theft or embezzlement.
* Political risk insurance is a form of casualty insurance that can be taken out by businesses with operations in countries in which there is a risk that revolution or other political conditions could result in a loss.



Casualty
Casualty insurance insures against accidents, not necessarily tied to any specific property. It is a broad spectrum of insurance that a number of other types of insurance could be classified, such as auto, workers compensation, and some liability insurances.

* Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal acts of third parties. For example, a company can obtain crime insurance to cover losses arising from theft or embezzlement.
* Political risk insurance is a form of casualty insurance that can be taken out by businesses with operations in countries in which there is a risk that revolution or other political conditions could result in a loss.

Life
Life insurance provides a monetary benefit to a descendant's family or other designated beneficiary, and may specifically provide for income to an insured person's family, burial, funeral and other final expenses. Life insurance policies often allow the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity.


Property
-Aviation insurance
-Boiler insurance
-Builder's risk insurance
-Crop insurance
-Earthquake insurance
-Fidelity bond
-Flood insurance
-Home insurance
-Landlord insurance
-Marine insurance
-Surety bond
-Terrorism insurance
-Volcano insurance
-Windstorm insurance

Regolamento di condominio e divieto di svolgere attività di affittacamere: è vietato anche il bed and breakfast.

Il regolamento condominiale è il documento che ha la finalità di rendere più semplice la gestione del condominio. Obbligatorio in quelle compagini condominiali con almeno undici partecipanti deve contenere le norme inerenti l’uso delle cose comuni, l’amministrazione e la ripartizione delle spese nonché quelle finalizzate a tutelare il decoro dell’edificio. Deve essere approvato dall’assemblea con il voto favorevole della maggioranza degli intervenuti che rappresenti almeno la metà del valore millesimale dell’edificio.

Solamente i regolamenti di origine contrattuale, ossia quelli approvati e sottoscritti da tutti i condomini, possono contenere delle clausole limitatrici dei diritti d’uso delle parti di proprietà comune e/o esclusiva. In tal senso è stato detto in giurisprudenza che " in materia di condominio negli edifici, l'autonomia privata consente alle parti di stipulare convenzioni che limitano il diritto dominicale di tutti o alcuni dei condomini sulle parti di loro esclusiva proprietà, nell'interesse di tutto il condominio o di una sua parte, e che vietano, in particolare, a tutti o ad alcuni dei condomini di dare alle singole unità immobiliari una o più destinazioni possibili, ovvero li obbligano a preservarne le originarie destinazioni per l'utilità generale dell'intero edificio, o di una sua parte" (Cass. 19 ottobre 1998 n. 10335).

Quanto alle modalità di limitazione delle facoltà d’uso delle è parti di proprietà esclusiva, stante la particolare incisività di questo genere di norme è stato evidenziato che tali limiti " possono essere formulati nel regolamento sia mediante la elencazione delle attività vietate (in tal caso, al fine di stabilire se una determinata destinazione sia vietata o limitata, basterà verificare se la destinazione stessa sia inclusa nell'elenco) sia mediante riferimento ai pregiudizi che si ha intenzione di evitare (in questo secondo caso, naturalmente, al fine suddetto, è necessario accertare la idoneità in concreto della destinazione contestata a produrre gli inconvenienti che si vollero evitare) (Cass., n. 1560 del 1995; Cass., n. 9564 del 1997; Cass., n. 11126 del 1994)" (così Cass. 18 settembre 2009 n. 20237).

E’ proprio un caso di attività vietate è quello cui la Cassazione ha reso una propria pronuncia sul finire del mese di dicembre (sent. n. 26087 del 23 dicembre 2010). Motivo del contendere la liceità dell’attività di bed and breakfast condotta da uno dei condomini. Illegittima secondo il condominio, sulla base d’un preciso divieto contenuto nel regolamento contrattuale, legittima secondo l’interessato in quanto a suo dire non espressamente vietata. In effetti a leggere il testo della sentenza si capisce subito che il regolamento non menzionasse esplicitamente il così detto B&B quanto piuttosto l’attività alberghiera di affittacamere e di pensione. Secondo la Suprema Corte di Cassazione, chiamata a pronunciarsi sulla sentenza d’appello che aveva accolto il ricorso del condominio, , “ la Corte di merito, correttamente attenendosi alla ratio della disposizione dell'art. 9 del regolamento, quale risultante dal suo tenore letterale, ha evidenziato, con argomentazioni assolutamente logiche ed aderenti alla natura dell'impegno assunto dai condomini, che l'attività di bed and breakfast rientra tra quelle vietate, essendo in tutto riconducibile all'attività di affittacamere, espressamente non consentita dal testo regolamentare” (Cass. 23 dicembre 2010 n. 26087).

Da qui la conclusione che l’attività di bed and breakfast è vietata anche se non espressamente nominata se ad essere vietata è quella di affittacamere.

Fonte: Avv. Alessandro Gallucci su Condominioweb

Criminal Law Information

According to criminal law, crimes are offences against the social order. In common law jurisdictions, there is a legal fiction that crimes disturb the peace of the sovereign. Government officials, as agents of the sovereign, are responsible for the prosecution of offenders. Hence, the criminal law "plaintiff" is the sovereign, which in practical terms translates into the monarch or the people.

The major objective of criminal law is deterrence and punishment, while that of civil law is individual compensation. Criminal offences consist of two distinct elements; the physical act (the actus reus, guilty act) and the requisite mental state with which the act is done (the mens rea, guilty mind). For example, in murder the 'actus reus is the unlawful killing of a person, while the 'mens rea is malice aforethought (the intention to kill or cause grievous injury). The criminal law also details the defenses that defendants may bring to lessen or negate their liability (criminal responsibility) and specifies the punishment which may be inflicted. Criminal law neither requires a victim, nor a victim's consent, to prosecute an offender. Furthermore, a criminal prosecution can occur over the objections of the victim and the consent of the victim is not a defense in most crimes.

 

Criminal law in most jurisdictions both in the common and civil law traditions is divided into two fields:

* Criminal procedure regulates the process for addressing violations of criminal law

* Substantive criminal law details the definition of, and punishments for, various crimes.

Criminal law distinguishes crimes from civil wrongs such as tort or breach of contract. Criminal law has been seen as a system of regulating the behavior of individuals and groups in relation to societal norms at large whereas civil law is aimed primarily at the relationship between private individuals and their rights and obligations under the law. Although many ancient legal systems did not clearly define a distinction between criminal and civil law, in England there was little difference until the codification of criminal law occurred in the late nineteenth century. In most U.S. law schools, the basic course in criminal law is based upon the English common criminal law of 1750 (with some minor American modifications like the clarification of mens rea in the Model Penal Code).

Types of criminal law are: Arrests and Searches, Drug Crimes, Juvenile Law, Drunk Driving / DUI / DWI , Parole, Probation, Pardons, Violent Crimes, White Collar Crimes and Military Law.

Money Management Is the Critical Part of Forex Trading

Money management is one of the most important problems of new and even advanced forex traders. Almost everybody can find a good trading system that can be profitable but something that causes traders to lose and be negative at the end of the month, is lack of a proper money management strategy and discipline. Although money management is so important and critical, it is still very easy to follow.

Money management have several different aspects and stages and should be started from the very first stages of your live forex trading business which is opening your live trading account. We have a very simple rule that says “Never risk more than 2% of your money.” Most traders think that this rule should only be applied after having a live trading account and while they trade, but this is not true. This rule should be considered even when you want to open your live account. Lets say you have already practiced and demo traded enough and you feel confident enough to open your live account. And lets say you have a $20,000 saving. Would you open a $20,000 live account? Well, you can do that but what if you lose this money for any reason? For example your broker becomes bankrupt and closes the company and never pays your money back. Or you take a 20 lots position by mistake and you forget to set the stop loss. It goes against you for 100 pips and wipes out your account. You will not be able to start over, at least for a long time that you save some money. And this initial failure may have a bad impact on you and you may not think about forex trading anymore and you will lose the opportunity for good.

If $20,000 is the only money you have, you should open a $400 account, specially if that account will be your first live account. Or a $1000 account maximum, if you are confident enough that you have had enough practice and you know how to trade.

Therefore money management should be considered even before live trading and when you want to open your live account.

The second stage is when you want to choose the leverage of your account. Nowadays you can have even a 1:500 leverage but this leverage is too big for new traders and even experienced traders try to avoid it. A 1:200 leverage is acceptable. I do not want to talk about leverage in this article because this article has to be focused on money management but briefly, leverage is the facility that your broker gives you to enable you to manage bigger amount of money using a smaller amount of money. For example if a broker gives you a 1:1 leverage account, then when you want to buy 100,000 USD against Japanese Yen, you should have 100,000 USD in your account at least. But if a broker offers a 1:100 leverage, then you only need to have $1,000 to buy a 100,000 USD and so with a leverage of 1:500 you only need to have $200 to buy 100,000 USD.

So why having a big leverage like 1:500 is dangerous? Because you can trade a huge amount of money and if your trade goes against you, you lose all your money very easily. When you have a $400 account with a 1:500 leverage, if you buy 100,000 USD against JPY and it goes against you for 40 pips only, you will lose all your money and you can not trade anymore. Whereas if your account leverage was 1:100, you could buy maximum $20,000. If you trade $20,000 with a 40 pips stop loss and your trade hits your stop loss, you lose $80 but a 40 pips stop loss with a 100,000 USD position equals to $400. To risk $400, you should have a $20,000 account, not a $400 account because we are supposed to risk only 2% of our capital at any time, not 100% of it.

The third place that you have to consider money management, is where you want to take a position. Again, we should not risk more than 2% of our capital. This rule should be applied to the positions we take too. This is the most important stage of money management, which is very easy to apply. You just need to consider it and not to ignore it. Now the question is how you can trade while you are not risking more than 2% of the money you have in your account (your account balance).

Before I answer this question and before I teach you how to calculate your positions in the way that you don’t risk more 2% with any trade, I want to tell you something which is even more important: Stop Loss

Let me tell you something frankly and seriously. If you don’t set a proper stop loss for your trades, if you hate setting stop loss and if you set stop loss but you move it when you see it is about to be triggered, you will never become a forex trader BECAUSE you lose all the money you have and you will not be able to trade anymore. Do yourself and your money a favor: Stay away from forex market if you don’t like to have stop loss for your trades. I can not emphasize on the importance of stop loss more than this.

Setting a proper stop loss for each trade, is a different story. Some traders always consider a constant number of pips for their stop loss positions but this is not correct. Stop loss value can be different from time frame to time frame, currency pair to current pair and trade setup to trade setup. Stop loss that I choose for a position which is taken based on a trade setup on daily chart, has to be much bigger than the stop loss I have, when I trade using a 15min chart. Accordingly the stop loss I have when I trade EUR-GBP is different than the stop loss I set for GBP-JPY.

How to set a proper stop loss (and target) is something that has to be discussed in a different article. I have already published an article about this subject: Where Is the Best Place for Stop Loss and Limit Orders?

Ok! Lets get back to our money management discussion. So the third stage of money management is when you want to take a position. The rule says never risk more than 2% of your capital in each trade. It means if you take a position and it goes against you and triggers your stop loss, you should only lose 2% of your account balance. For example if you have a $10,000 account, you should only risk $200 in each trade. No matter what position you take and how big your stop loss is in different positions. You should choose the “position size” in the way that if your stop loss becomes triggered in any position, you lose 2% of your account. For example if you find a trade setup on EUR-USD daily chart that has to have a 150 pips stop loss. This 150 pips should equal to $200. Accordingly, a 20 pips stop loss on 5min chart should also equals to $200 which is 2% of your account. Easy to understand so far, right? :)

Before I show you how you can calculate your position size, let me tell you another thing. If a position goes against you and you feel stressed out and you down on your knees and start praying and begging God to return the market and you can get out at breakeven, it means: You have traded with the money that you can not afford to lose and if you lose it, you will be in trouble. And you have taken too much risk in your trade and you have not followed money management rules. And you have not set a stop loss and your account is so close to become margin called. If you trade like this, you should know that this is not trading. It is something else. And if by any chance, market returns and you can get out at breakeven in one trade, you will be trapped in another trade and you will lose all your money. But if you follow money management rules and you don’t risk more than 2% of you money in each trade and you set a proper stop loss, when your stop loss becomes triggered you will say, “Well! this is part of the game too. Not all my positions are supposed to hit the target.”

Now I show you how easy it is to calculate your position size. Lets say you have a $10,000 account and you have found a trade setup with EUR-USD which has to have a 100 pips stop loss. This 100 pips stop loss should equal to 2% of your capital, based on money management rule that says you should not risk more than 2% of your capital in each trade.

2% of $10,000 is $200:

$10,000 x 0.02 = $200

Now tell me if 100 pips should equal to $200, what value each pip should have? That is right. Each pip should equal to $2:

$200 / 100 pips = $2

So to risk only 2% of your money in this trade, your position size (the amount of money that you trade) should be chosen in the way that each pip equals $2.

Now the question is how much EUR-USD you should trade if you want each pip to equal $2?

This question refers to pip value of each currency pair. One lot is 100,000 units of a currency in forex world. For example when you buy one lot EUR-USD, it means you have bought 100,000 Euro against USD. If you buy 0.1 lot EUR-USD, it means you have bought 10,000 Euro against USD and so on…

Each currency pair has a different pip value. Pip value can be calculated but you don’t have to learn how to do it because it is a little complicated with some currency pairs. Also, you don’t have to know the exact pip value of each currency pair to calculate your position size. You only need to know that one lot EUR-USD, GBP-USD, USD-JPY and USD-CHF has a $10 pip value (sometimes a little higher and sometimes a little lower). Pip value of one lot GBP-JPY, EUR-JPY, AUD-USD and USD-CAD is almost $10 too. EUR-GBP has the highest pip value among currency pairs. It is almost twice of the pip value of EUR-USD. And pip value of exotic currency pairs like USD-DKK, USD-SEK and USD-NOK is about 0.1 pip value of EUR-USD. Pip value of each current pair, changes with the price change but it doesn’t change too much to affect our position size calculation. For example pip value of one lot EUR-USD, sometimes is a little higher and sometimes a little lower than $10.

Don’t worry. You don’t have to memorize them. I will give you a calculator at the end of this article that can easily calculates your position size. I will also give you a pip value calculator. But before that, I just want to make sure that you understand how to calculate your position size manually.

Back to our question, how much EUR-USD you should trade that each pip equals $2:

It is now very easy to answer. Each pip equals $10 when you trade one lot EUR-USD. So you should trade 0.2 lot if you want each pip of your position to equal $2. It can be calculated through a simple equation:

Forex Money Management

What if you had a 100,000 USD account and you had found a EUR-USD trade setup which its stop loss had to be 200 pips?

Now you can answer it right away: 2% of a 100,000 USD account is $2,000. When a 200 pips stop loss has to equal $2000, each pip value will be $10:

$2000 / 200 = $10

So the pip value of your trade should be $10 and your position should be a one lot position.

Another example: If you had a $20,000 account and you had found a EUR-GBP trade setup with a 90 pips stop loss, how much your position would have to be not to risk more than 2% of your capital?

Answer: 2% of a $20,000 account is $400. When a 90 pips stop loss should equal $400, the pip value of your position should be $4.4:

$400 / 90 = $4.4

One lot EUR-GBP has a $20 pip value. So you should take a 0.22 lot position:

$4.4 / $20 = 0.22 lot

Now that you have learned to calculate your position size, you can use the below position size calculator, whenever you want to take a position. It saves you some time.

Introduction to Risk Management and Insurance

This book focuses on problem-solving from managerial, consumer, and societal perspectives. It emphasizes both the business managerial aspects of risk management and insurance and the numerous consumer applications of the concept of risk management and insurance transaction.Specific chapter topics include insurance Regulation and contracts, basic property and liability insurance contracts,

10 Steps to Success: A Commonsense Guide to Building a Successful Insurance Business

Advanced praise for 10 Steps to Success — “…outstanding, insightful and very timely for the newer agent. It also serves as a reminder to the veteran agent as well. Your ideas are easily understood and should be accepted by those who read the book. This should help many!”—David Carter, sales director, Midland East American Family Insurance GroupLearn how to be a successful insurance agent with the

Gold Rally To Keep Going To $1,200/Oz By Year End - Analysts

LONDON (Dow Jones)--Spot gold hit yet another record high Monday and market participants struggled to be bearish saying while the rise in gold has been driven largely by momentum buying, there is little to stop gold from rising to $1,200 a troy ounce before the end of the year.

"We think this rally is sustainable based on dollar weakness, central bank buying and inflation volatility," said Deutsche Bank analyst Michael Lewis. "The target is now $1,200/oz."

At 0856 GMT, spot gold was trading at $1,105.15/oz, having hit a record high of $1,108.30/oz earlier in the day.

Commodities across the board were up spurred by U.S. dollar weakness against the euro and European equities were higher.

Finance ministers from the Group of 20 leading economies pledged to maintain their fiscal stimulus measures at their meeting over the weekend and that weighed on the dollar.

"It looks as if we will have another period where we may see the euro/dollar make new highs for the year," said Mitsubishi analyst Tom Kendall.

On top of the supportive backdrop of a weakening dollar, central banks are set to be net buyers of the precious metal this year after 20 years of being net sellers, said Deutsche's Lewis.

Last week, India's central bank bought 200 metric tons out of a total of 403.3 tons of International Monetary Fund gold earmarked for sale and Sri Lanka's central bank said it has been buying gold to diversify its reserves amid volatile currency markets.

Condomino, spese di mantenimento del giardino comune e di proprietà esclusiva.

In condominio, il giardino è solitamente compreso tra i beni comuni. In alcuni casi rappresenta, invece, bene di individuale proprietà, in altri ancora, pur considerato di proprietà comune, è concesso in uso e godimento ai proprietario dei piani terra.

Quando il giardino è identificato come bene comune, quindi, ogni condomino avrà il diritto di usufruirne e anche di poterne fare usi particolari finché non impediscano agli altri pari godimento.

In generale, gli usi consentiti sono quelli che non contrastano con la destinazione del bene – nel caso del giardino dare aria e luce agli appartamenti che vi si affacciano – e in particolare sembra ad alcuni controverso se il giardino comune possa essere usato come luogo dove i bambini possano giocare. A nostro parere il gioco dei bambini in giardino non essendo in contrasto con la destinazione principale di cui si faceva cenno, è legittimo e sarà compito dell’assemblea indicare i modi della vigilanza, gli orari consentiti del gioco e che non arrechino disturbo alcuno.

Tra i fatti che non dovrebbero consentirsi, va certamente sottolineato quello dell’inserimento di alberi cosiddetti d’alto fusto che per via della loro crescita, seppur bellissimi da vedere, diminuirebbero luce e veduta degli affacci di alcune unità abitative.

Per quanto riguarda la partecipazione alle spese di mantenimento del giardino comune, ad essa concorrono tutti i proprietari. Infatti, le spese di giardinaggio e illuminazione, le spese di cura e sistemazione dei vialetti quando presenti nel giardino, quelle del consumo di acqua per innaffiamento e di manutenzione delle canalette di scolo, sono considerate necessarie per il mantenimento del bene, e considerato che offrono a tutti quel pregio che valorizza le abitazioni, alle spese dovranno partecipare anche i proprietari che non avessero un affaccio sul giardino (se non diversamente previsto dal regolamento). Le spese di cui parliamo si suddivideranno secondo la tabella generale e nel caso di inquilini, a quest’ultimi addebitati.

La spesa di manutenzione dei giardini di proprietà esclusiva, invece, ricade completamente sui condomini che li posseggono. Questi giardini non hanno una loro autonoma caratura millesimale poiché considerati pertinenza dell’abitazione ma, di essi si tiene conto nell’attribuzione dei coefficienti di riduzione durante il processo di calcolo dei millesimi generali da addebitare. Inutili, quindi, le polemiche spesso presenti in condominio, circa la volontà di alcuni di voler addebitare maggiori oneri ai proprietari dei giardini pensando di proporzionalmente aggiungere al loro valore millesimale, quello dei metri quadri di giardino posseduto.

 
Fonte: Condominioweb

Big insurers launching fee-based annuities

Sensing demand, they ready products that are lower-cost, simpler

In an attempt to appeal to dually registered advisers, major life insurers are launching fee-based annuities.

Allianz Life Insurance Company of North America said May 1 that it had filed a registration statement with the Securities and Exchange Commission for a fee-based variable annuity. Allianz also is considering the introduction of a similar product next year for registered investment advisers. The product would involve having a custodian hold the annuity...

Investment News: Big insurers launching fee-based annuities

Rolls-Royce sales soar globally

Sales of Rolls-Royce vehicles have more than double in the first 10 months of 2010, to in excess of 2,000 units since the brand launched the Ghost, said CEO Torsten Muller-Otovos.

The “baby” Ghost now takes over three/quarters of Rolls-Royce sales. Customers are on average 10 years younger than that of Phantom consumers and 80% of customers are new to the company.

Sales have grown 360% in the U.S and 250% in Europe. Asia-Pacific sales have grown eight-fold, while UK sales soar by 50%. The Rolls-Royce line-up now consist of four models – Phantom, Phantom Drophead Coupé, Phantom Coupé and Ghost, but around 100 customers have bought all four cars.

In the pipeline, the Ghost range will expand to a long-wheelbase, drophead coupé and coupé.

Una riforma degli amministratori di condominio, in standby da mesi.

7000 i pro­fes­sion­isti e 250mila i con­do­mini ammin­is­trati in Italia, questi i numeri di Anaci, l’associazione nazionale ammin­is­tra­tori con­do­mini e immo­bili, con 105 province oper­a­tive sul ter­ri­to­rio nazionale fra le quali 40 con sede pro­pria, men­tre le altre domi­cil­i­ate presso i pres­i­denti provin­ciali. Con una riforma ferma in par­la­mento e voluta da anni, gli ammin­is­tra­tori di con­do­minio fanno sen­tire la loro voce attra­verso il pres­i­dente dell’associazione che li rap­p­re­senta, Pietro Membri.

L’associazione rag­gruppa chi ammin­is­tra con­do­mini “real­mente” e a tempo pieno. Chi ha scelto questa come la pro­pria pro­fes­sione, non chi, pre­cisa Mem­bri, lo fa come sec­ondo o terzo lavoro. “A riprova della seri­età degli iscritti”. Per esserlo, infatti, è nec­es­sario avere alcuni req­ui­siti. Primo dei quali aver seguito un corso di for­mazione di primo e sec­ondo liv­ello orga­niz­zato da Anaci stessa, avere una par­tita IVA e seguire ogni anno degli aggior­na­menti. Altro dato, non sec­on­dario è la “neces­sità di dotarsi di una RC pro­fes­sion­ale, una polizza che tutela non solo l’amministratore ma anche i con­do­mini. Non è obbli­ga­to­ria a liv­ello nazionale, ma noi nel nos­tro statuto l’abbiamo inserita come clau­sola”, sot­to­linea Membri.

Ma che suc­cede se un ammin­is­tra­tore iscritto all’Associazione si è com­por­tato in modo scor­retto nei con­fronti del con­do­minio da lui ammin­is­trato? Qual è l’intervento dell’Anaci? “In ogni provin­cia la nos­tra orga­niz­zazione ha una com­mis­sione dis­ci­pli­nare e in ogni regione un col­le­gio dei pro­biviri di prima istanza, così come a liv­ello nazionale, che garan­tisce la deon­tolo­gia degli asso­ciati”, spiega Mem­bri ad News Attico. Quindi il con­do­minio che si trova con un ammin­is­tra­tore che non fa il suo dovere può denun­cia­rlo all’associazione a cui ovvi­a­mente deve essere iscritto e può sper­are di ottenere giustizia.

Nat­u­ral­mente c’è un punto debole. D’altronde nel nos­tro Paese come potrebbe essere diverso. La cat­e­go­ria degli ammin­is­tra­tori con­do­miniali non è iscritta a ruolo e questo fa sì che ognuno può fare un po’ come gli pare. Certo l’iscrizione all’Anaci costringe i più onesti a seguire le regole che l’associazione si è data, ma “non va dimen­ti­cato che in Italia di ammin­is­tra­tori con­do­miniali ce ne sono 300mila e si riscon­tra una vari­età di atteggia­menti sul mer­cato vera­mente incred­i­bile”, ammette Mem­bri. “Non c’è solo un prob­lema di cor­ret­tezza pro­fes­sion­ale, ma anche di preparazione e com­pe­tenza che spesso decadono. L’aggiornamento in questo campo è nec­es­sario, visto il quan­ti­ta­tivo di leggi nuove che vanno dal risparmio ener­getico a norme ban­carie, alla ges­tione on line ecc.”.

Si parla di riforma, fin dal 2007, Oggi, siamo in dirit­tura finale, ma la crisi di gov­erno alle porte, sostiene Mem­bri farà senz’altro saltare la sua approvazione, e quindi “un’altra occa­sione spre­cata per una pro­posta leg­isla­tiva che non aveva nes­sun ric­asco politico, ma che ser­viva solo a fare chiarezza, a fare un po’ d’ordine”. Nat­u­ral­mente di questa riforma tanto agog­nata le pec­che da seg­nalare non sono poche. “Basti pen­sare che si prospetta la creazione presso le Camere di Com­mer­cio di un reg­istro per l’iscrizione degli ammin­is­tra­tori di sta­bili, ma non sono state def­i­nite le conoscenze nec­es­sarie per esercitare. Si tratta di una palese incon­gruenza. Ma non è l’unica. Par­liamo dei 4 mesi dalla sca­denza della rata di paga­mento delle spese con­do­miniali dai quali l’amministratore è costretto a fare il decreto ingiun­tivo con­tro il con­domino inadem­pi­ente. Se non lo fa viene denun­ci­ato per aver arrecato danno al con­do­minio”, spiega critico Mem­bri. Giusto senz’altro attribuire in ultima anal­isi la respon­s­abil­ità all’amministratore, ma si poteva far sì che il recu­pero for­zoso fosse obbli­ga­to­rio solo una volta all’anno, dopo 4 mesi dall’approvazione del bilan­cio. “Per­ché ren­dere tutto così oneroso? Si poteva inter­venire snel­lendo e velo­ciz­zando le pro­ce­dure, non com­pli­can­dole” con­clude. Il cahier de doléance non finisce qui. Si potrebbe aggiun­gere anche la deci­sione di togliere la garanzia fideius­so­ria dei cap­i­tali investiti, sos­tituen­dola con un revi­sore di conti che con­trolli l’amministratore, impo­nendo così un costo in più per tutti.

Fonte: Newsattico.it

Upcoming Cars in 2011 and 2012 Ferrari California With Prices and Specification

Upcoming Cars in 2011 and 2012 Ferrari California Preview With Prices and Specification

The Upcoming Cars in 2011 and 2012 Ferrari California is scheduled to be released in late 2011.
Ferrari has stated that the California will undergo a major redesign for the 2013 model year, so the Upcoming Cars in 2011 and 2012 will be the last year of the current model design.

Ferrari California History

Ferrari has recently shown environment-friendly concepts such as the Millechili (the 1000 kilo Ferrari) and the F430 E85 (with flexfuel capability), but the new Ferrari California is about as the green as the summit of Montblanc in winter. And that's fine by us.

First released as a 2009 model, the Ferrari California made its debut as Ferrari’s first front-engined V8, and Ferrari’s first-ever hardtop convertible. Despite an MSRP starting at $177,000 in late 2008, all of the Ferrari California’s 5,000 annual units are reported to be spoken for until Upcoming Cars in 2011 and 2012.