Secret To Trading Success

While everyone is virtually welcome to join the Forex market, profiting from it cannot be accomplished by all traders. There are a number of ingredients that contribute to the success of a trader in the Forex industry. Effort and time must be devoted to Forex trading - and strategies must be employed.
Below is some opinion to be a success Trader on Forex Market.
1) Forex trader’s understanding of support and resistance, two of the most common concepts in the Forex market.
2) Choose currency pairs involving U.S. dollar (has volume to produce the price fluctuations necessary for big profits and the liquidity to enter/exit positions at will).
3) Find currency pair through backtesting that has most profit potential (pip movement) and least volatility through use of technical analysis.
4) After determining trends, set stops and exit points for both protection and maximum profitability.

New Forex Trader

However, what the sad statistics bear out is that over half of all new Forex traders lose their money within a year. The foreign exchange market is seeing a lot of hype right now, and too many people are signing on in the hopes of making a quick buck. Forex is simply not that easy, though, and it is certainly not a get rich quick scheme for the average person

Investment for Retirement

Retirement may be a long way off for you – or it might be right around the corner. No matter how near or far it is, you’ve absolutely got to start saving for it now. However, saving for retirement isn’t what it used to be with the increase in cost of living and the instability of social security. You have to invest for your retirement, as opposed to saving for it!
Let’s start by taking a look at the retirement plan offered by your company. Once upon a time, these plans were quite sound. However, after the Enron upset and all that followed, people aren’t as secure in their company retirement plans anymore. If you choose not to invest in your company’s retirement plan, you do have other options.
First, you can invest in stocks, bonds, mutual funds, certificates of deposit, and money market accounts. You do not have to state to anybody that the returns on these investments are to be used for retirement. Just simply let your money grow overtime, and when certain investments reach their maturity, reinvest them and continue to let your money grow.

About the Citi Announcement

From IBD:But Citi has an operating profit so far in 2009 — excluding likely write-downs and loan loss provisions — CEO Vikram Pandit said in an internal memo to staff Monday."I am most encouraged with the strength of our business so far in 2009," he wrote. "We are profitable through the first two months of 2009 and are having our best quarter-to-date performance since the third quarter of 2007."They forgot to add the phrase "sucker" to the internal memo. For the last few weeks markets have been dying to hear good news -- any good news. However, trusting anyone involved with a financial firm is stupid beyond belief.But Wall Street has learned to distrust claims of financial health. The CEOs of mortgage finance giants Freddie Mac (FRE) and Fannie Mae (FNM) expressed confidence in their firms' viability before they were taken into receivership. Lehman Bros.' CEO gave similar assurances before the investment bank went bankrupt last year."One of the questions investors have is transparency. How much information are they telling me and what's the validity of the information," said Kris Niswander, associate director at SNL Financial.Let's just say I'll believe it when I see it.

Bernanke Calls For Sweeping Changes

From Bloomberg:Federal Reserve Chairman Ben S. Bernanke urged a sweeping overhaul of U.S. financial regulations in an effort to smooth out the boom-and-bust cycles in financial markets.“We should review regulatory policies and accounting rules to ensure that they do not induce excessive” swings in the financial system and economy, the central bank chief said today in remarks prepared for an address to the Council on Foreign Relations in Washington.Bernanke recommended that lawmakers and supervisors rethink everything from the amounts firms set aside against potential trading losses and deposit-insurance fees to protections for money-market funds. His remarks reflect a judgment that the U.S., just like emerging-market nations in the past, failed to properly manage a flood of capital over the past decade and a half.Bernanke also reiterated his call for an agency to take on overarching responsibility for financial stability. While he didn’t specify which regulator should take that job, he noted that the Fed was first formed to address banking panics and said the initiative would “require” some role for the central bank.Congress and the Obama administration are embarking on the broadest revamp of the oversight of U.S. finance since the Great Depression. Bernanke’s speech marks the Fed’s contribution to the policy debate.Gee -- y think?

CHINESE BOUGHT MORE CARS THAN AMERICANS. TNR.v, CZX.v, FXI, CDNX, WLC.v, AUY,

As worldwide car sales drop like a rock, interesting things are now showing up in the statistics. It is not what you are but where you stand, relative to others. This month, China just passed a new road sign: more cars were sold in China than in the US. This is very important: we no longer control world consumer markets. It is moving East. Japan refused to be a world market and looked only to enrich the top 10% so Japanese car sales have been declining for a decade or more. But with the massive Chinese population indulging in this, it means the fall of world oil prices will cease and the US will begin seriously competing with the Chinese for gasoline.Bloomberg.com: WorldwideGM’s 53% U.S. Sales Decline Leads Industry’s February PlungeGeneral Motors Corp., surviving with federal loans, said its February U.S. sales plummeted 53 percent as the recession pushed industrywide purchases toward the lowest in almost three decades.Sales tumbled 48 percent for Ford Motor Co., 40 percent for Toyota Motor Corp., 38 percent for Honda Motor Co. and 37 percent for Nissan Motor Co. GM said it plans to build 34 percent

Anecdotal Job Market Information

Mr$. Bonddad is the HR director and an architectural firm in Houston.1.) Last Friday she went to a recruiter event at an architectural school. Last year there were 26 firms; this year there were 6. And none of them were hiring.2.) Her firm recently placed an advertisement from an administrative assistance. Last year she would have received between 50 and 100 resumes. This year she received 700.This is one person's experience in a large city. But