Saturday, October 6, 2007

I Got the Entrepreneurial Gene - Did You?

Firstly let me introduce myself, I am a wife, mother of two and owner/manager of two businesses. Over the years I have worked with market leaders across many industries including manufacturing, health, IT, retail, horse racing and golf course maintenance. Although Ive worked with them in many ways the underlying theme has always been to build their business (even if they didnt know it at the time) the reason for this is I have to build businesses because I have the e gene, that is, the entrepreneurial gene.

I grew up in an entrepreneurial family my mother, father and brother all still have their own businesses (in fact they each have at least two). My Uncle & Aunt have an award winning winery in Clare Valley that they built from scratch Yes Id say the entrepreneurial gene is very prominent in my family.

My first venture into entrepreneurialism was standing on a milk crate at four years old in my parents milk bar singing to the tradesmen that used to come in to buy Dads homemade pies during the pastry strike in Adelaide. Dad was not a pie maker, chef or even a cook but when the pastry companies went on strike he did what every committed entrepreneur would do he made his own, that is he got up at 4am and made pies and sausage rolls before he went to work in his fulltime job as engineer at the highways department!

So he provided the pies and I provided the entertainment and the business was a raging success. In fact after the strike was over many customers kept asking for Dads pies but he had moved on. I think this anecdote truly shows the entrepreneurial spirit if theres some thing to be done you just get in and do it. In times of adversity of uncertainty you find a creative way out.

I grew up in the back rooms of retail shops that my parents owned. Id come home from school with my brother and wed play leggo and barbies like normal kids do but we just did it in the back room of which ever shop they owned at the time. I remember regular games of school teacher using a big black board opposite my Dads lead lighting bench he taught classes after his day job! I got to serve customers, answer phones, help unload and price stock it was great fun. And it was a great training ground for customer service skills. As an HR professional now I can always see the vast difference in young candidates between those that have worked whilst at school and those that havent. Those that have are a long way ahead of the latter in terms of customer service skills and often even work ethic.

My next foray into entrepreneurialism came with selling homemade gumnut people at a roadside stall outside my house. Unfortunately we didnt live on a busy road so it wasnt that successful. Later on I started a babysitting business by doing a flyer drop around my house and unfortunately that was a little too successful and I had trouble saying no. Subsequently my year 11 scores werent so crash hot. I had to call it quits much to the disappointment of my main client who had four children under seven and employed me every evening between four and six.

Im sure we all do these kinds of things as kids but I guess the difference for me is that Ive never stopped. I am a self confessed serial business plan writer. Whilst I was an at-home mum with my first child I wrote and researched three business plans, that is, amongst working part time and attending university part-time. My mind does not stop and I fully blame the e gene for it. My husband would come home from work and say so what business is it today honey?

The e gene can be quite annoying as it wakes you in the middle of the night with a great idea or solution to a problem and you quietly feel around for a pen to make scribbled notes on the pad which is kept on the bedside table specifically for these occasions. This is all done in complete darkness and very quietly in an attempt not to make the non e gene hubby!

Its took me a long time to work out why I was different to my friends none of which have much interest in business. In a moment of enlightenment I realized it was the e gene. Over a recent family discussion drying the dishes at my brothers house it was pointed out by a visitor that we were quite an unusual family. I was telling my brother and mother how Id been looking at Google Analytics which shows the key words people have typed in to Google and then clicked through to your website on and I said last month five people came to my website by searching on you Brad and four came by searching you Mum. Both their names are included in my website as their businesses have been clients of mine. And because their businesses have been so successful people have been researching them online or so I thought. My brother believed this to be true but my mother said she didnt think theyd been searching her for business reasons instead she said its probably the guys on RSVP who are researching me to see if Im the sort theyd like to contact! The visitor thought the whole conversation was very odd and could not imagine her family even knowing what google was!

I look at my two daughters now at eight and four and I see the e gene already in my eldest. She has started making signs to sell stick on tattoos at our front gate. She may have a bit more success than me though as we DO live on a busy road!

If youve got the e gene it is advisable to build your own business or work in a small business that will appreciate your creativity, innovation

As an experienced HR professional Taimi is passionate about delivering sound people management practices which move organisations into high performance mode. With over 8 years consulting experience she has consistently assisted many organisations to become market leaders through their people practices. Taimi has a degree in Human Resource Management and Psychology and is a qualified trainer. She is presently undertaking further studies in marketing and personal development. Having been born and bred in the small business environment and with over 20 years experience within SMEs she understands that entrepreneurs want practical, accessible solutions that can be easily implemented. Taimi has an intricate understanding of building businesses, managing people and cloning entrepreneurial business owners through people and systems management.

Generate High Returns Daily

Would you like to learn how you can generate high returns daily on the Forex? Many people have been told that the Forex is hard and they think that they can not succeed or that if they do, they will only see a small growth of returns. Some people never even try and others give up quickly when they dont see the types of returns that they expect right away. Many others spend years investing time and time again but they never really achieve high returns on a daily basis. That doesnt have to be true for you anymore with this great system!

If you want to be successful with Forex then you need to stand out somehow. You need to be different from all of the other investors and you need to have an edge over them. So many would-be successful investors spend time studying what the other investors are doing. If you use the strategies of 90% of the other investors, how can you expect to be in the top 10% by means of success? You have to have something that everybody else doesn't have.

How can you learn to generate high returns daily? With this proven- effective investment strategy, you can generate high returns daily even if you have never invested in the foreign exchange before. It works because it combines two revolutionary wealth concepts and an easy to use system that takes only minutes a day. All you do is set the system up with your specific details and it does all the work for you. It will hedge your position for you, it automatically tells you how many lots to buy and it does all the calculations for you so you dont have to.

You can choose the parameters that must be met within your system so you have complete control over your portfolio but the system works to give you the best options and scenarios to help increase your profits to the max! You can set up your system to provide efficient data regarding your trades and to allow you to control exactly how much risk you are willing to take. Your system can be set up to know which currency pairs it plans to trade, how much money you are looking to invest and how much you are willing to invest. Once it is all set up, it does the work for you choosing which trades to make to help you gain a profit.

When I first started researching the Forex I learned that it would take months to learn and studying charts and graphs and a lot of money to get started. Something that a full time job would not allow me to do.

Then a good friend of mine introduced me to a forex investment strategy. He told me how easy it was to learn and how it required no formal training and that I could be up and running in less than 3 hours. He also told me that he was earning monthly what banks and mutual funds were earning yearly.

You can only imagine my skepticism. So I started doing some research on the company and the proprietary software they were using. I took a leap of faith and opened up a demo account, and to my surprise everything that they claimed was true. I can honestly say that I'm earning more a month than my mutual funds and my bank are earning a year. This company does truly care about people and that is rare in this industry. I opened up my Live account on April 10, 2007 and I'm doing very well.

Check it out for yourself.
http://www.forex-for-everyone.com

Hot Share Tips

It's official! Australia is the largest nation of shareholders with direct share ownership more than doubling since 1997 to 40.6 per cent. That figure rises to 54 per cent of all adult Australians when managed funds are taken into account.

We're also trading more shares. The Australian Stock Exchange reports the average number of trades has nearly trebled in the past year to 79,000 a day.

Large new floats such as Telstra has fueled the growth of private share ownership. For example, almost one million of the two million people who invested in our largest telecommunications company were first time investors. They haven't been disappointed with their return on capital and many have branched out into other well-known stock such as Coles-Myer, Qantas, AMP, Commonwealth Bank and others.

Smaller and less-well known companies are also floating on the stock exchange in record numbers. In the last half of 1999 more than 104 new companies went public.

Share ownership in Australia cuts across all age groups, socio-economic, ethnic and geographical boundaries. The motivation for most investors is to make money and create wealth.

Newer investors have been in a rising or "bull" market and seen their so-called "paper profits" soar. Internet and technology based companies have also been floated in record numbers with astonishing results. Many "Mum and Dad" investors are instant experts and looking for that next "dot com" company on which to make their fortune.

But what are the keys to successful share investing? Ron Bennetts is Principle Manager WA for stockbrokers J.B. Were and author of "The Australian Stock Market: A Guide for Players, Planners and Procrastinators".

His advice is simple, "invest some time as well as money, look for quality management in quality companies with earnings growth."

Bennetts defines these companies as ones that are strong and likely to increase their earnings per share. He believes the technology area is a growth sector and the bubble may burst but there will be growth.

"Look at the companies that have the qualities rather than a marketing plan that has little chance of bearing fruit," he says.

One of the keys too successful investing is diversification and Bennetts says you don't need more than 12 stocks to diversify your portfolio. He also believes 15 per should be overseas shares and this is often 25 per cent for more aggressive investors.

On seeking independent advice versus investing yourself, Bennetts says "the cost of buying and selling is often viewed as a false economy" and suggests first time investors seek professional advice.

Ten Tips for First Time Share Investors

1.Set your objectives and work out a budget for how much you want to invest.

2.Avoid speculating. Do some homework about the risks of investing in the stock market and spend time gaining knowledge on how the stock market works.

3.Take a long-term view of your investment.

4.Avoid reacting to short-term pressure and expect some volatility in the market.

5.Identify quality shares in a growth sector. Look for good quality management in industries likely to grow in the future.

6.Diversify your portfolio to spread your risk. This should ideally include about 10 stocks. Less than 10 are not enough diversification and more than 15 is too hard to handle.

7.Compliment your Australian share portfolio with international shares. Exposure overseas can typically be through managed funds.

8.Buy into a managed fund if you only have small amounts of money to invest. A managed fund is an investment where you have a manager that gives you diversification in pooled funds with other investors. To buy direct most advisors believe you need a minimum of $50,000 to do anything meaningful.

9.Monitor your portfolio as closely as possible on the performance of the companies you are investing in.

10.Seek professional advice from a qualified stockbroker or financial planner.

Thomas Murrell MBA CSP is an international business speaker, consultant and award-winning broadcaster. Media Motivators is his regular electronic magazine read by 7,000 professionals in 15 different countries.

You can subscribe by visiting http://www.8mmedia.com. Thomas can be contacted directly at +6189388 6888 and is available to speak to your conference, seminar or event. Visit Tom's blog at http://www.8mmedia.blogspot.com.

Stock Market Investing

Investing in the Market - How Stock Market works?

Introduction

Investors around the globe are always eager to convert their hard-earned money into an amount that can secure their life in the years to come in the shortest possible time. Very few investment options can give the result that an investor seeks. Stock Market is one of the options where it is possible. The king of all the investment options where it is possible to earn a fortune overnight is Stock Market. Most Investor believes that stock market investing provides them with the scope of the maximum return in the shortest time.

Role of Stock Market for companies

However, Stock market investing is lucrative; a query should strike the mind of an investor before entering the world of a stock trader, i.e. How Stock Market Works? Stock Broker or an experienced stock trader can help you a lot in clearing your doubts related to your query. It seems a difficult question, but has a simple answer and can be understood without any confusion. Companies are always looking forward to raise their capital for development purposes to get more profit for the organization. They target minor investors for the purpose and the best place to locate them is stock market. To publicize themselves, companies offer a portion (of the overall share of the concern) to public through stock market.

Role of Stock Market for Investors

For investors, stock market and its day trading are the medium from where they look forward to have transactions, i.e. buy or sell, in the stocks that they feel comfortable with. The process of buying or selling of a stock can be achieved in real-time day trading, online stock market, etc.
By understanding the role of stock market in stocks and a stock trader, it is easy to understand the basic working that is involved in stock market. However, an investor who looks forward for extracting maximum tries to gather more and more knowledge on the subject of stock market. To gather better knowledge, it is important for learning the terms involved in the world of day trading, stock broker, stock trader, etc. that includes stock quotes & market capitalization.
Stock Quotes

The most popular of all the terms used in stock market is stock quotes. Stock quotes signify the prices that a stock is transacted in the market. An investor studies the stock quotes regularly through the information available from a stockbroker or another stock trader during the day trading. It helps him in making the best decision in relation to stocks. Stock quotes are controlled by several factors that include economical health, trends in spending & trading and technical or financial report of the company put forward to the investors by the company or experienced stockbroker.

Market Capitalization

Market capitalization is another term that can ring in your ears while you are involved in a conversation whose subject is related to stock market. The term indicates the overall values of companies or stocks that are offered in stock market. Using a simple formula can do calculation of market capitalization of stocks: Number of surplus share in the market X stock quotes.

Buying and Selling of Stocks

The next step after knowing the basic terminologies is learning the procedures for buying and selling of stocks in day trading or online stock market. Buying of stocks is the procedure that requires an appropriate investment amount from a stock trader. This investment amount is utilized in paying for the total amount of the stocks brought along with the commission or the tax charges involved with the transaction. Investor opts for opening investment account with stockbroker that has firm nearby investors location for convenience. However, online stock market has given an option for an online account for investment to a stock trader that allows them to buy without the involvement of a stockbroker. The process that follows the opening of the investment account is funding it for making the purchases. The moment your account receives the apt fund for the purchase, stock buying can be done. The process of selling requires the stock trader to inform their stock broker about the quantity of shares you require to sell and at what stock prices. Online stock market requires the trader to enter the order for sell through their investment account.

Once you understand the proceedings and the working of stock market investing, your success in the field is unstoppable.

Open an account with sogoinvest
If you are new to sogoinvest: Online stock trading investment

The Currency Exchange is the Largest World Market

Possibly the most appealing point about this form of trading (for those involved in it) is the fact it goes on 24 hours a day. The day could be ending for someone trading on the New York exchange but in Tokyo a new day is only beginning and our US trader would only have to switch exchanges to carry on trading around the clock.

This market is often referred to as the foreign exchange, currency market, forex or FX market and is active anywhere one currency is traded for another and includes trading between large banks, central banks, currency speculators, multinational corporations, governments and other financial markets and institutions. Individuals or retail traders as they are known in the market may not trade directly themselves as they must participate indirectly through brokers or banks and they are by far the smallest sector of this massive market.

Because of the size of this market and because there are no limitations made on what currencies you have to trade, it appeals to many people to want to get involved in this form of trading. Over and above this one can make money when trading on currencies that are gaining in value and make money on falling currencies too. Add to the fact that when trading through brokerages you will be allowed to trade in amounts equal to ten times the amount of money you have on deposit that is to say if one has $1000 on deposit you can trade in amounts up to $10,000 and profit on that as if your were investing $10,000. To show you this point more clearly: if you made a 1% (and this is a much exaggerated example), you could make a $100 gain on your $1000 on deposit. Add all these benefits together and many people think they are into a money making machine. However, be careful because all trades must be finalized at the end of trading each after each trading period and one cant lose their $1000 one day and be able to carry the loss over to the next day in the hope of turning things around.

The other point that appeals to so many people is the fact one does not have to trade for hours on end each day because the currencies are always moving up or down against some other currencies. However, the point to remember is that one really is playing against other traders and so you will always have winners and losers in this game of currency exchange. Many believe there is a fortune to be made for the individual in this form of making money and for a very small percentage of those involved there is and they do make a fortune.

One could say with the advent of the Internet currency exchange has become the gold rush of our times for the individual and that is true in more ways than one. You see the ones who really made money in the gold rush were not the miners but those who supported the miners by supplying them with the tools, food, recreation and all else that is needed to fuel a boom of that nature.

The real winners of the currency exchange will be the businesses supporting the individual currency traders including people offering advice and even training people to become traders in this booming market, not the traders themselves because over 90% of them will fall by the wayside.

Michael Russell Your Independent guide to Currency Exchange

Aging

Do you realize that the only time in our lives when we like to get old is when we're kids? If you're less than 10 years old, you're so excited about aging that you think in fractions.

"How old are you?" "I'm four and a half!" You're never thirty-six and a half. You're four and a half, going on five! That's the key. You get into your teens, now they can't hold you back. You jump to the next number, or even a few ahead.

"How old are you?" "I'm gonna be 16!" You could be 13, but hey, you're gonna be 16! And then the greatest day of your life . you become 21. Even the words sound like a ceremony. YOU BECOME 21. YESSSS!

But then you turn 30. Oooohh, what happened there? Makes you sound like bad milk! He TURNED; we had to throw him out There's no fun now, you're just a sour-dumpling. What's wrong? What's changed?

You BECOME 21, you TURN 30, then you're PUSHING 40. Whoa! Put on the brakes, it's all slipping away. Before you know it, you REACH 50 and your dreams are gone. But wait! You MAKE it to 60. You didn't think you would! So you BECOME 21, TURN 30, PUSH 40, REACH 50 and MAKE it to 60. You've built up so much speed that you HIT 70! After that it's a day-by-day thing; you HIT Wednesday!

You get into your 80's and every day is a complete cycle; you HIT lunch; you TURN 4:30; you REACH bedtime. And it doesn't end there. Into the 90s, you start going backwards; "I Was JUST 92"

Then a strange thing happens. If you make it over 100, you become a little kid again. "I'm 100 and a half!" May you all make it to a healthy 100 and a half!!

HOW TO STAY YOUNG
1. Throw out nonessential numbers. This includes age, weight and height. Let the doctors worry about them. That is why you pay "them."

2. Keep only cheerful friends. The grouches pull you down.

3. Keep learning. Learn more about the computer, crafts, music, art, stock, gardening, whatever. Never let the brain idle. "An idle mind is the devil's workshop." And the devil's name is Alzheimer's.

4. Enjoy the simple things.

5. Laugh often, long and loud. Laugh until you gasp for breath.

6. The tears happen. Endure, grieve, and move on. The only person, who is with us our entire life, is ourselves. Be ALIVE while you are alive.

7. Surround yourself with what you love, whether it's family, pets, keepsakes, music, plants, hobbies, whatever. Your home is your refuge .

8. Tell the people you love that you love them, at every opportunity. AND ALWAYS REMEMBER: Life is not measured by the number of breaths we take, but by the moments that take our breath away.

9. Don't take guilt trips. Take a trip to the mall, even to the next county; to a foreign country but NOT to where the guilt is.

10. Cherish your health: If it is good, preserve it. If it is unstable, improve it If it is beyond what you can improve, get help.

Need help to maintain that Healthy Life Style, or to improve it? I'm over 60 years and about three years ago was told by my Doctor that I had High Blood Pressure, That I was Over Weight ( I knew that) and my liver was in trouble. Doc put me on pills for the blood pressure, I started walking and eating less (not easy) and the liver started to clear-up.

Problem - NO Energy, Looked like a Million Dollars (ALL GREEN AND WRINKLED) I mean NO ENERGY, I just wanted to sleep all the time. Doctor took blood and ran test and came back with, Your anemic and need to take food supplements. So I did, got the best over the counter brand that I could and faithfully downed those pills every meal. Results - Not much - Tried different brands, no changes, So I started reading and learned that Liquid Supplements are much easier for your digestive system to assimilate than pills. That with pills you get may be 40% of what is in the pills into your system, But with liquids you retain 80 to 90% of the nutrients in your system. My Solution A Recognized Path To A Physically and Fiscally Healthy Lifestyle.

Pro Image International was founded in 1995 by CEO Tony Shaw, and is a debt-free, privately-held company with a solid reputation for it's commitment to excellence, integrity and the unmatched quality of it's products. "As The Healthy Lifestyle Company, our mission is to utilize the most recent advances in nutritional science to realistically improve your prospects for a better quality of life and good health as you age. We assure you that we will never compromise the integrity of the products, nor the philosophy that stands behind them. Our values are rooted in a customers-first tradition."

I was so impressed with the results that I obtained in just 90 days that I have become a distributor for PROImage.

Go to site http://www.prosperity-plus.ws

W. L. Anderson
nnarc22@att.net
California /NorCal/USA

William L. Anderson
65 years of age.
Married 36 years and going strong.
8 years Military & 22 years in law enforcement.
5 children, ages 33 to 42, 12 grandchildren, raising 3 of them.
Retired in 1992, enjoy fishing and playing with grandkids.

How You Can Benefit From Trading Forex

If you have been thinking about currency trading as a means of making money, here are some things you should think about before you begin the process of buying and selling currency.

You will find that there are many sites on the Internet that are more than happy to have you register for a free account to purchase and sell currency.

However, you want to make sure you read the fine print before you commit to any program. Some of them work off a structure in which they will get a percentage of each transaction completed.

In some cases, this could leave you with less in the way of assets than you had to begin with.

Other sites will charge a flat rate per transaction, which is a little better, since you will now know what it will cost you to make the transaction in advance.

However, there are a number of sites that will charge you a flat monthly fee and allow you to make unlimited transactions during the course of the month.

If you are truly serious about buying and selling currency, this will be the model that you want to seek out.

No doubt someone has told you that you do not need to know a lot in order to jump into buying and selling currency. This is incorrect information.

While it is true you do not have to be an investing whiz or an economics major in order to be successful with this type of venture, it is important to remember that knowledge is always empowering.

You can find several excellent tutorials online that will help you grasp the basics of the process, including some tips on what sort of signs you need to note before buying or selling anything.

Several excellent choices are perfectly free, so you will not have to invest a lot of money in getting up to speed, just some of your time.

Of course, it is always a good idea to have input from an expert before you begin any type of moneymaking venture.

If you have access to someone in the financial community, get input on what they think about the various online trading sites. You may be able to get some references for one or two outstanding sites.

Once you have a list compiled of potential sites to sign up with, do more searches on the Internet and see what type of comments you can find about the veracity and integrity of those sites. You can do this by looking at and joining online Forex forums.

While the chances of coming across a site, that has no negative comments posted somewhere on the Internet, you may very well be able to find enough data that will help you pick an option that will make your on line Forex trading a lot of fun and very profitable.

It should be noted Forex trading involves substantial risk of loss and is not suitable for all investors.

About the Author: Receive a Free ebook that reveals Forex trading secrets and shows how you can make great returns on your capital click on the link below: Free Forex Trading Secrets Ebook

Digital Photography - 11 Tips For Taking Better Digital Photographs Of Jewelry And Craft Items

I am often asked by jewelry and craft artists what they can do to improve their photography. Here are my top 11 tips for anyone that has problems taking great digital photographs.

1.Use a tripod and the camera self-timer. Using these two items at all times will give you clear and sharp photographs.

2.Keep the background clean and uncluttered. Remove any unnecessary items from the area that you are taking the photograph. This will also keep your eyes from being distracted from the subject of the photograph.

3.Move the camera as close to the subject as possible. Use the viewing screen on the camera, and fill up the screen as much as possible. This may mean that you will need to use the macro setting on your camera. Refer to your owners manual for the distances that the camera is designed for using the macro setting.

4.Keep your subject of the photograph focused. Nobody likes to look at a photograph that is out of focus. If your photo is not focused properly, then retake the photograph.

5.Avoid dark shadows. Use indirect sunlight, flash or other lighting sources for photographing your jewelry or craft items. Indirect sunlight is the best lighting source for photography.

6.Before you set up your camera equipment, have an idea in your mind of how you want the photograph to appear, when you view the finished photo.

7.Enhance your photographs by resizing, cropping, sharpening, rotating (when necessary), and compressing the image. Try to take your photographs so that you only have to do a minimum amount of enhancement. For example, you should not have to remove unwanted objects from the photo.

8.Read the camera owners manual and become familiar with all of the features of your camera. For example, some of the things that you should become familiar with are the self-timer, setting the white balance and the exposure values, how to take photographs using the manual or macro focusing settings, how to use the built in flash, how to zoom in and out from the subject of the photograph, and how to set the resolution you are going to use for taking your photographs.

9.Dont be afraid to experiment in taking photos. Try using different techniques for taking your photographs. Use a different camera angle, different lighting, rotate the object of the photograph, try different background colors, and try different exposure values for your photographs. You will never know what will or will not work unless you try using different techniques in your photography. You may be surprised at how well a new technique that you used actually makes your photographs turn out.

10. Do not expect to get the perfect photograph by taking just one or two photographs of an item. It may happen once in a while, but very seldom. I am rarely able to take just one or two photographs of an item that I want to photograph, and consider the photograph to be the best photo that I can possibly take. Expect to take five or more photographs before you are able to get the perfect photo.

11. If you use the cameras built in flash for your jewelry and craft photography, use the power cord that comes with your camera to generate the maximum amount of light output from the cameras flash unit for every photo that you take. As the cameras batteries start to discharge as you are using your camera, with or without using the flash, the light output from the cameras flash unit will decrease.

By using all of above tips when photographing jewelry and small craft items, you should see an immediate improvement in your photography.

You may want to print this tip sheet so that you can refer to it when you are doing photography.

Jim Juris

Jim Juris is a photographer who specializes in craft and jewelry photography. He has written an ebook titled- Inexpensive Jewelry Photography Techniuqes: How to use inexpensive techniques to photograph jewelry, craft, collectible, and online auction items. To learn more about his ebook, please visit http://www.inexpensivejewelryphotography.com Jim provides two free excerpts from his ebook on his web site.

Forex Trading The Risk and Perils of Currency Trading

You will often read about the advantages of currency trading but you will rarely see the risk of currency trading mentioned, yet 90% of currency traders lose.

This article will look at the risks of currency trading and why this creates a vast majority of losing traders who wipe out their equity.

Lets look at the advantages first.

1. Profit opportunities all the time

As one currency is rising another must be falling creating constant opportunities for profit.

2. Liquidity & 24 hour trading

The markets are very liquid and trade 24 hours a day with literally trillions of dollars

3. The markets trend well

As currencies reflect economic conditions around the world they exhibit good long term trends

4. Leverage

You can trade on leverage and trade many times over the funds you have in your account

So with these great advantages why do traders lose?

The answer is traders cannot handle points 3 and 4, they see these as easy to deal with and these are not. Lets take a look why.

Currency markets trend well

Yes they do, but they only show reliable trends in longer time frames.

Most traders opt for short term day trading methods.

As moves within a day are random they get stopped out continuously and never run their profits.

Furthermore, even long term traders have no idea of how to deal with volatility and stop placement and continually get stopped out or bank profits early by not taking enough risk.

Traders are in many instances so concerned about reducing risk they actually create a scenario where they cant win.

Add Leverage

Leverage and volatility is a combination that makes risk management hard for even the most seasoned traders.

With leverage you need to study volatility and make sure your stops are not to close and that they are not trailed to quickly if you really want to make the big profits from the big moves.

Currency trends are easy to see in hindsight on a chart.

Its a fact that most traders are good at picking market direction, but they keep getting stopped out.

The main reasons for this are poor entry methods, trading to short term, or not having an understanding of volatility and risk.

Currency trading looks easy but few succeed.

If you are a new trader avoid day or intra day trading and trade longer term and get an understanding of volatility and how to place stops correctly and manage risk, so you can stay in the long term trends.

90% fail why should you succeed?

Ask yourself the above question.

If you dont know the answer, then brush up on dealing with leverage and volatility quickly or lose your money.

You cant avoid risk and you will only win in currency trading if you know how to manage it correctly and take calculated risks at the right time.

Leveraged currency trading can give you big profits, but it is very risky, dont let anyone else tell you otherwise.

MORE ESSENTIAL TRADER PDF's and MUCH MORE

On all aspects of becoming a profitable trader including features systems and FREE FOREX PDF's visit http://www.net-planet.org/index.html"