Tag Archives: Tips

General Investing

Tips To Prevent Car Theft

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  • Take Your Keys. Nearly 20 percent of all vehicles stolen have the keys in them.
  • Lock Your Car. Approximately 50 percent of all vehicles stolen were left unlocked.
  • Never Hide a Second Set of Keys in Your Car. Extra keys can be easily found if a thief takes time to look.
  • Park in Well-lighted Areas. Over half of all vehicle thefts occur at night.
  • Park in Attended Lots. Auto thieves do not like witnesses and prefer unattended parking lots.
  • If You Park in an Attended Lot, Leave Only the Ignition/Door Key. If your trunk and glovebox use the same key as the door, have one of them changed. Don’t give the attendant easy access to your glovebox and trunk. Upon returning, check the tires, spare tire, and battery to be sure they are the same as those you had when you parked.
  • Never Leave Your Car Running, Even if You’ll Only be Gone For a Minute. Vehicles are commonly stolen at convenience stores, gas stations, ATMs, etc. Many vehicles are also stolen on cold mornings when the owner leaves the vehicle running to warm up.
  • Completely Close Car Windows When Parking. Don’t make it any easier for the thief to enter your vehicle.
  • Don’t Leave Valuables in Plain View. Don’t make your car a more desirable target and attract thieves by leaving valuables in plain sight.
  • Park With Your Wheels Turned Toward the Curb. Make your car tough to tow away. Wheels should also be turned to the side in driveways and parking lots.
  • If Your Vehicle is Rear-Wheel Drive, Back into Your Driveway. Rear wheels lock on four-wheel drive vehicles, making them difficult to tow. Front-wheel drive vehicles should be parked front end first.
  • Always Use Your Emergency Brake When Parking. In addition to ensuring safety, using the emergency brake makes your car harder to tow.
  • If You Have a Garage, Use It. If you have a garage, take the time to use it rather than parking outside where your vehicle is more vulnerable.
  • When parking in a Garage, Lock the Garage Door and Your Vehicle. By locking both the garage and vehicle doors, the chances of deterring a thief greatly improve.
  • Don’t leave the registration or Title in Your Car. A car thief will use these to sell your stolen car. File the title at your home or office, and carry registration in your purse or wallet.
  • Disable Your Vehicle When Leaving it Unattended for an Extended Period. Remove the electronic ignition fuse, coil wire, rotor distributor, or otherwise disable your vehicle anytime thieves may have extended access to it.
  • Replace T-Shaped Door Locks With Straight Locks. Some vehicle doors have lock assemblies at window level that flare out in a knob or “T” shape. A thief can use various tools to gain access inside the vehicle, grab and pull the lock. Straight locks prevent this.
  • Vehicle Identification Number (VIN). Stolen cars/parts are more easily traced when vehicle VIN numbers have been etched on car windows and major parts.
  • Engrave Expensive Accessories. Engrave personal ID numbers on car stereos, cellular phones, etc., so the thief will have difficulty disposing of them.

Investing in Vehicle Protection

 

  • Ignition Kill Switch. Splice an inexpensive toggle switch into your ignition wire. The trick is hiding the switch well. Keypads, pressure pads and more expensive “immobilizers” and “passkeys” can also be used.
  • Fuel Kill Switch. The valve that halts the fuel supply is closed. Visible Steering Wheel Lock. Prevents the steering wheel from being turned.
  • Floorboard Locks. Devices that disable the gas or break pedal.
  • Gearshift Locks. Disables shifting of the transmission.
  • Tire/Wheel Locks. Prevents the vehicle from moving.
  • Hood Locks. Prevents the thief from gaining access to your security system and battery.
  • Armored Collar Around Steering Column. Protects the column and ignition.
  • Electronic Security Systems. Audio alarms sound loud warnings when doors/hood/trunk are opened. Optional sensors include glass breakage, motion, tampering and towing. Panic buttons and automatic engine disable features are also recommended.
  • Vehicle Tracking This is done with a transmitter hidden in the car that allows police to track the vehicle.

Drive safely!

Forex Trading Articles

Tips on How to Succeed in Forex Trading

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Forex trading is a risky business as there is a huge amount of investment involved in it. To succeed in this highly risky but promising business, one needs to develop good emotional stability and capability to make quick decisions. The basic principle involved in Forex trading is to ensure that the decision making is not based on emotional assumptions. As the currency rate and interest rate of various currencies fluctuate heavily, the decisions should be carefully made after analyzing various conditions.

To be a successful trader in the Forex market, one needs to be courageous enough to invest heavily when any opportunity arises. In Forex trading usage of excessive leverage is also risky. Before initiating any trade, it is advisable to first create a viable trading plan. All the purchase decisions should be backed with sufficient supporting evidence. This will ensure that trading decisions are not overruled by any emotions.

Get guidance and support from experts in the field. The most important asset which ensures success in the trading business is the experience gained through years of practice in the field. Experts would be able to provide assistance on trading decisions. To succeed in Forex trading, one needs to be a consistent performer. One needs to have a clear idea on what the objective of the trade is before arriving at any decisions. At certain times speculation may help in trading. Forex trader should ensure that his/her decisions are not based just on speculations. A well defined portfolio which could easily balance the risks is mandatory for success in Forex trading.

Forex trading requires a good amount of hard work and dedication. The trader needs to keep himself/herself well updated with the market happenings in the international business arena. Only with a sound knowledge and a solid foundation, can any broker or trader succeed in this promising investment business. The success in Forex trading depends to a great extend on investment strategies. The Forex training courses available online are well equipped to educate the trader on various strategies that could be adopted to ensure success in the foreign exchange trade. The success in Forex trading depends on the capability of the trader to arrive at quick decisions.

General Forex

Currency Trading Tips

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If you are a beginner in trading currency, you should obtain simple yet efficient trading tips that will be able to teach you the fundamentals of trading. Here are some simple trading tips, which will be able to help you obtain the fundamentals and concepts of currency trading.Educate yourself. As mentioned, the money market can be a profitable venture but it can also be full of financial risks. Before getting too excited to trade, one of the very important currency trading tips that you must follow is to educate yourself about the forex industry. Of course, it is always a wise move in every venture you get into. Among the important things you have to learn is market analysis and analyzing the factors that affect the value of a country’s currency.

When you first decide to get into currency trading the best thing you can do is first teach yourself the theoretical stuff and fundamentals before you actually go out and start trading. This can be done quite easily with all of the great free resources that may be available to you. The Internet has a multitude of websites about forex and currency trading that can easily provide you with this sort of introductory type of information, as well as even interactive knowledge bases that can give you answers to all of your questions. It is also a good idea to think about joining an online community or forum to get the latest news about currency trading. The next tip involves making sure that you are ready to dedicate yourself to learning everything you can about trading currency. Unless you have access to some kind of privileged information you are going to have to teach yourself about trading currency and to do this correctly you are going to have to invest a significant amount of your time. Most fly by night traders come into this game and lose their bankroll within a few months and then leave with a bad taste in their mouths.

With your first few trades, use a demo account. This is an imaginary trading environment which allows you to trade without using real money or currencies. This is a great way to practice without any incurring substantial cost or loss to you. Position yourself as a beginner and learn from the seasoned player, you will have a good chance of becoming an expert in this field.Assess if you do have the right attitude to be able to get into trading. Look at how successful traders and find out what is with them that makes them successful. First of all, as the forex market is a high-risk endeavor so if you want to be successful at it, you have to be a person who is comfortable working around risks and uncertainties.

General Forex

Metatrader Tips – Expert Advisor Optimization

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MetaTrader Tip aE” Expert Advisor Optimization MetaTrader’s Strategy Tester is the one to use to get the most out of your Expert Advisor. You will need to optimize and backtest your strategy using this. Forward testing in a demo account is essential but backtesting allows you to simulate trading over a long period of time in just minutes. And you can find out which settings performed best over a selected historical chart period with optimization feature. Testing thousands of combinations of expert advisor settings to find the most profitable settings for the selected chart, period and date range is what the optimization feature of MetaTrader 4 will allow you. Indicator-based strategies will need to be optimized for maximum profitability. However, almost all EAs will benefit from optimization – even those that trade on tick data, provided you have complete M1 history data. There is no guarantee that these settings will be profitable in the future while the optimizer will return the most profitable settings for the selected date range.

It is important to regularly re-optimize your expert advisor for best results for market conditions change often. The first thing to do is to select from the Expert Advisor drop-down box to optimize your expert advisor. Select the currency pair from the Symbol box and chart period from the Period box. For Model, you’ll generally want to select “Open Prices Only,” unless you are optimizing an EA that runs on tick data. In that case, select “Every Tick.” Check the Use Date option and select a range of dates to optimize for. Lastly, make sure that Optimization is checked. To open your expert advisor settings, click the Expert Properties button. Under the Inputs tab is where you’ll enter the range of values to optimize for. The Start column will be the lowest value for a given setting, while the Stop column will be the highest. The Step column is the amount that the optimizer will “step through” from the Start to the Stop setting. The optimizer will test every combination of values from 20, 40, 60 and so on up to 200. Use a start, step and stop value that is appropriate for the setting you are optimizing. Even values (5, 10, etc.) are good. For that setting to be optimized, the checkbox to the far left must be selected. Any settings that aren’t checked will use the number in the Value column when optimizing. You can adjust the Initial Deposit to something a bit more realistic Under the Testing tab.

Leave the other settings at their defaults. Hit the Start button at the bottom right of the Strategy Tester window when you’re ready to begin optimizing. It can take anywhere from a few minutes to several hours depending on the period, the date range, the testing model and the number of settings to be optimized. Consider shortening the date range, optimizing fewer settings, or using a larger step value if it’s taking too long. Open the Optimization Results tab and double-click the Profit column to sort the results once the optimization is finished. Double-click any of the results to load it into the tester. To backtest with the selected settings, hit the Start button again.

Market Analysis

Some Important Tips on Choosing Your Forex Broker

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As we all know Forex is a fast moving, high on liquidity and an extremely volatile market where split-second timing can make all of the difference between profit and loss. The forex trading market is fast becoming the biggest global financial market, and online currency trading is now one of the fastest growing investments. Everyone – big o small investor is waking up to currency trading.

And with internet revolution, there is no dearth of information on forex trading and online currency trading. But finding the best forex trader can be a difficult decision especially if your own knowledge on the subject is limited and don’t know where to look.

There are mainly two types of brokers: one type is an Electronic Communication Network, also referred to as ECN and another Market-Maker.

We will share some basic considerations as you go about choosing an online forex broker.

Spread Amount: It is calculated in pips. Spread is the difference between how much you can buy or sell a currency at given point in time. Some forex brokers have variable spread; while other may have two spread amounts depending on day and night. For some spread depends to the position of market. When market is quiet the spread is small and when market is busy the spread is high. Most sensible potential investors would opt for forex brokers that have fixed spread, because it is safer.

Execution: Find out how fast the broker’s order execution is and if they offer automated execution. Find out if you can trade before having to request a quote and if they trade against their clients. And the best way to find all these facts is by opening a demo account and taking a test drive.

Leverage Options: While choosing an online forex broker, considers their leverage. There are brokerages that offer a flexible trading margin which allows you to choose the leverage that’s most suitable for you.

Account Types Find out if the forex broker you register with has mini account or not. Mini account is for people with limited investment capital.

Trading Platform: Find out if the software used by your broker shows live prices that you can actually trade at, not just indicative quotes. One-Cancels-Other orders are another feature that comes in handy as you can set up your trade and then leave the software to take it forward.

Find out if they have the necessary tools and is their support system live 24 hours. The size of your broker is also very important. A big profitable broker with a wide customer base is far less likely to go bankrupt than a new broker just starting out.

Remember that its not a bid job these days for anyone to put up a web site and call themselves an expert FX broker. What you require to do is use due diligence before trusting your money to strangers.

What is worth remembering is that if your broker offers guaranteed transactions and is a member of any recognized exchanges, you are dealing with a broker who will treat you fairly and is more likely to be around for a good time to come.