How to Make $10,000 - $30,000 a Month in Online Currency Trading With Forex Megadroid Robot

You can be a complete beginner to online currency trading and the Forex Market and still make ,000 - ,000 a month with Forex Megadroid robot than many of the so called experienced traders as long as you are prepared to take the actions required of you today. This is why I am so much in love with this currency trading system. All that is required of you is to download and install the system in less than 5 minutes right into your PC or laptop and you are ready to start making money online.

The News surrounding the economy for sometime now indicates that the economy is about to pick up and this is the time to take position and profit from the next boom before others realize it. Online currency trading is one business opportunity most people are just discovering its immense profit potential. Most people do not realize the immense wealth they can make from Foreign Exchange trading. If you are searching for an alternative to more traditional online home-based business ventures, then Forex trading or currency trading may be the best thing for you.

In this business, you will not need a website of your own, no employees to hire, no products of your own, no advertising and no previous experience or downlines to fill. All you will need is your Internet-ready computer or laptop and the Forex Megadroid software. Hundreds of thousands of people, just like you, are making money online everyday with the Forex Megadroid robot. If you or someone you know is looking for a simple way to make ,000 - ,000 a month, then I highly recommend they go into online currency trading with the Forex Megadroid currency trading system.

How to Make ,000 - ,000 a Month in Online Currency Trading With Forex Megadroid Robot

What most people do not know is that you do not have to spend thousands of dollars to get all the training you need before you can profit from foreign exchange trading. You don't have to be an expert trader; you don't have to be versatile with computers before you can make money.

You only need to learn how to manage risk effectively, trade in a non-emotional and intelligent manner and know exactly when to trade, but with Forex Megadroid robot, everything will be done for you. But first, you need to pick a reputable broker with the MetaTrader 4 platform and the robot to begin trading effortlessly.

Our duty here is to show you the secret to making ,000 - ,000 a month in online currency trading with Forex Megadroid. For those looking for a significant part-time business, currency trading is the proper vehicle to use. Forex Megadroid robot is not a scam! I tried it using IBFX broker and I have gained 48 pips after 3 days of currency trading. It works perfectly fine for me so far.

This is your best opportunity to make secret money in the forex market. Forex Megadroid robot will change your life. The robot will trade the market everyday. Best of it all, you do not need to sit down in front of your computer to make money.

To get started you need to open a forex account with a broker that uses MetaTrader 4. There are several genuine forex brokers that uses this platform. You can start trading with a demo account until you are comfortable before you fund your live account.

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Review - Investors Business Daily Newspaper

Introduction

Investor's Business Daily (IBD) is a newspaper designed to give professional level stock data and research to the non-professional for the purpose of helping him be successful in investing without having to do it full time. The paper was founded by investor William J. O'Neil and works in conjunction with his CANSLIM investing method (if your not familiar with it see the link to a review at the bottom of this article) which he writes in his book How to Make Money in Stocks. O'Neil says that "for decades, professional money managers were the only ones who had access to the in-depth data that is critical to finding winning stocks." He created IBD to bring in depth data to all investors small or large, new or experienced.

Main Selling Points

Review - Investors Business Daily Newspaper

IBD's main selling point is that compiles and sorts a stock market research and data that the nonprofessional investor would have to spend an unrealistic amount of time acquiring and might not have access to an all. O'Neil claims that the paper will save the reader a significant amount of time and enable them to be successful in investing without being a professional.

IBD is not big on giving the reader "stock tips." Rather is focuses on educating the reader so he can use the data provided in the paper to make informed decisions on when to buy and when to sell.

Let take a look at some of the main features of IBD and see how they compare with other financial papers.

The Importance of General Market Direction

The infamous investor Jesse Livermore said that "all he needs to know to make money is to appraise (the general) conditions" of the market. He was saying that you can be right on everything with a stock but if you're off on the direction of the general market, and that direction is down, three out of four of your stocks go down and you will lose big money. Going against the general market is like swimming against the current. In the end you are going to lose. The wise investor evaluates the general conditions (which way the current is going) and invests along with it. One of the best aspects of IBD is that it seizes on this reality and gives the reader multiple sources of data for them to appraise the general conditions of the market.

Two of these tools are on the first page. On the top of the first page is the price and volume activity of all the major indexes for the previous days trading. They're highlighted in blue for up and red for down so you can see at a glance where the market moved the previous day. The second thing on the first page is the big picture column. This is a synopsis of all the market activity for the previous day and commentary on its relationship the "big picture" of the market.

IBD also has a great page called "How is the Market". This presents charts for the major market indexes, the NYSE composite, NASDAQ, S&P 500 and the Dow Jones industrial. They show the price and volume activity for each as well as relative strength lines, moving average lines and other market metrics. Within a single page it provides a host of tools for sizing up the general condition of the market.

Not Your Ordinary Stock tables

The second feature that stands about IBD is their stock tables. Most stock tables show only price and volume changes of stocks from the previous day and sort them alphabetically. IBD goes well beyond this and give a number of powerful tools for finding great stocks. First the tables are sorted into their respective industry sectors and then the sectors are sorted by their strength. For example currently the software sector is performing the best and those stocks are shown first. This is a great tool for helping you to focus on the better performing industries. O'Neil stated that after doing extensive research he discovered that "since 1953, the majority of individual stocks that were real market leaders were also part of a leading industry group or sector at the time."

The second big thing about IBD's stock tables that they include IBD's five proprietary ratings called the Smart Select Corporate ratings. Here is a description of each one.

· Earnings-per-Share Rating - Sizes up the growth ability of a company based on its earnings over the last three years but giving additional weight to the most recent quarters. This is a tool designed to allow you to quickly evaluate a company's profitability. This helpful as profitability is the driving force behind a stocks price movement over the long term.

· Relative Price Strength Rating -- Measures a stock's price performance over the prior 12 months and compares it all other publicly traded companies. This is a powerful tool to help you pick out the top stock amongst a group you are comparing.

· Sales + profit margin + return on equity (SMR) rating - This rating combines factors into a rating to measure a company's sales growth and profitability. This helps you determine if a company is growing in it's core area of business (measured by sales).

· Accumulation/Distribution Rating -- This rating is based on daily price and volume action and tells you whether a stock is being bought heavily (accumulated) or sold heavily (distributed). Accumulation and distribution are key metrics for determining supply and demand of a stock and this can be used to project future price movements.

· Composite rating -- This is the first column in the stock tables and it combines all of the ratings to give you a summary rating for a quick review of a stocks overall performance. This is a good metric for comparing similar companies or different companies that you want to pick out the best one from.

Another feature that stands out about their stock tables is that they include a percentage change in volume value. This gives the days volume change as a percentage of the 50 day average volume. This figure is helpful in determining which stocks are in demand in the market. You can scan the stock tables for stocks that are up in price with a significant increase in volume to see which stocks are being accumulated.

Stock checkup tool

If you are a subscribers you have access online stock checkup tool. I think this is one of IBDs greatest features and may be worth the subscription price alone. The stock checkup tool is a summary of all of the criteria in William J. O'Neil's CANSLIM investing method. It gives you all of the stocks Smart Select Corporate ratings as well as further data in each of the ratings areas. You can jump right from a stocks chart to the checkup tool and get a quick but thorough analysis of its fundamentals. You can also see how it rates against the other companies in its sector. In many cases this is enough information to make a successful buy on. You don't have to spend hours of time looking through the stock's quarterly and annual reports to see if it's worthwhile. Its a huge time saver. The amount of research someone may take hours to do you can get done in minutes.

Review - Investors Business Daily Newspaper
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Conclusion
IBD is an great way to get professional level data and research and not have to spend hours of your time or a significant amount of money to get it. This review mentioned just a few of the features available in IBD. There are many more great ones. It is well worth the subscription cost. A determined person could probably pay for the cost of an annual subscription in just a few weeks of trading with it. If you are interested in subscribing click through this link for discount of up to 80% off the price of the print edition.
If your interested in an opportunity to learn from great investors check out Investors Quotes Daily. They send out a daily quote from successful investors such as Warren Buffett, Peter Lynch and William J. O'Neil. Sometimes it's one of their investing strategies and other times a piece of sage wisdom. It's a great way to get a daily does of what it takes to be a great investor.

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Success Trading For New Traders - What Does Bid and Ask Mean?

Do you ever wonder exactly what's going on in the trading pits after you've sent an order to purchase stock? You've no doubt seen market quotes either online or even in the newspaper. Have you noticed that there are always two sets of prices given? What exactly do those mean and where will my order get filled? Let's discuss the basics of the two prices you see.

Let's say you're trading stocks. The first price (usually the one on the left) is called a "bid". This is the price at which the market is offering to buy the stock. If you sell your stock at the market, this is the price that you'll get. The second price (usually located on the right) is called the "ask". This is the price at which the market will sell you the stock. If you submit an open order to buy shares at the market, you will get them for the ask price. Another element that comes into play sometimes is the size of the bid and ask. Usually, there's an order size that comes with the bid and ask. If that size is exceeded then the price will usually change - and generally, that small price change will move slightly against you since you're creating a demand for that stock.

The difference between the bid price and the ask price is called the "spread". If you look at the spread of a large cap stock that trades over a million shares a day, and compare that to a small cap stock that only trades a thousand shares a day, you'll see a huge difference. Stocks that are more liquid (or more activity) will have much smaller spreads than those with less activity. Thus, you will get a better fill (or deal) for a market order on a more liquid stock. One tool you can use to possibly improve your price is to use limit orders. If you want to buy XYZ at no more than and the bid is .50 and the ask is .50, you can place a purchase order with a limit of . This means that the order won't be filled unless you can get it for or better.

Success Trading For New Traders - What Does Bid and Ask Mean?

One word of caution with limit orders is that the market could run away without you if used with a buy order. And if your order is filled, you'll be buying the stock on a downtick, which means it could be making a major move down. As a general rule, it's not a good idea to use limit orders when selling stocks as the market could make a big move against you without ever hitting your limit price and you'd be stuck with a big loss.

Success Trading For New Traders - What Does Bid and Ask Mean?
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Chuck Cox is a Technical Writer and Industrial Scientist by professional with a background in statistics. He has used mathematical and statistical methods to invest and trade in the stock, futures, and options markets. Chuck has owned various businesses and presently operates several websites. To investigate a new stock trading idea, visit his website, Stock Trading Reviews

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Trading Basics - Guide to Day Trading

Everyone has their own take on business and trading but when it comes to beginner's point of view; they seem to be helpless and restless for how to start and from where to start. Each task, whether it is some business or any other work, has its own set of difficulties for beginners and these difficulties need to be surpassed with due care for succeeding in the future. Here is the guide to day trading that one needs to know when to switch on the stock market mode.

Information, information and more information: this is the first rule for any beginner of stock market. Layman, who are not into day trading are not aware of the trends of the market. For them, it is the other name for gamble, though they do not understand that it is also an investment with due amount of calculate risk. Hence, being successful in it means to have appropriate knowledge about the stock market trading. Patience and consistence: is not a one-night miracle that can make you millionaire over the night. It is important to know that patience is really important when it comes to any kind of investment. However, long-term investments, which demand more patience, are the subtle decisions to make. Also, being consistent is another key for beginners. Limiting your losses is utmost important. It not only acts as a jack for further investments but also provides a confidence to the day trader for the decisions he has to make. Training and practice: nothing can be achieved in one day, hence it is important to practice it for a while in order to achieve the levels of expertise for stock investments. Follow your broker's guidance at the beginner's level of analysing his decisions in particular market conditions. This will let you get trained in making accurate decisions in similar situations and help you to analyse the market conditions with a better-studied perspective. Daily money goal takes you nowhere: day trading is not a job that gets you fix salary at the end of the month. Hence, it is useless to fix daily money goals. Failure in achieving daily money goals may deteriorate the confidence and increase restlessness in the trader's mind. However, it is important to keep a track on the portfolio of the trader as it helps to evaluate the past decisions and whether the decisions are made in right direction or not. Day trading is a part in investments: always remember the 2% rule for any stock investment. It is important to know that it is just a part of stock trading and it is not a whole in itself. Make sure that being a beginner you do not invest all your investment in one stock. Keep it a point to invest only 2% of whole investment in a particular stock. This rule helps in segregating the risks to various stocks and thus, saves any trader from incurring heavy losses.

Trading Basics - Guide to Day Trading

Trading Basics - Guide to Day Trading
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SogoTrade stock broker: Stock brokers
Trading Packages at SogoTrade - Stock Trade

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Questions to Ask When Considering Joining a Proprietary Trading Firm

If you are considering joining a proprietary trading firm, how do you evaluate the different companies - particularly if you have never worked or traded for one before?

There are so many firms out there, and they offer so many different combination of fees, environments, training, remote/onsite, market specialization, training, etc that you really have to do your homework.

Start by asking around for reputable firms but don't be afraid to check out a new firm (as long as you do your due diligence). Nothing beats going to their location, shaking hands and taking a look around.

Questions to Ask When Considering Joining a Proprietary Trading Firm

The great thing for traders is that there are a lot of firms out there, so you can afford to be choosy. There are a number of high profile cons out there that unfortunately taint the overall perception of the whole prop industry, but there ARE reputable ones. 

Any firm that will let you leverage their money with no money of yours up front will want you to take some kind of training course, or else have a proven and audited performance track record. This is perfectly reasonably as they aren't in the business of giving away their money to anyone who wants a bash at trading. The training fee cushions them on the downside in case you are losing their money and the course itself ensures you at least know how they would like you to trade with their money. Whether paying for training is the right thing for you to do is the subject of another article however.

There are other prop firms that will require you to make a deposit into your trading account, usually a 00 minimum, from which they will add extra buying power, typically 10:1, and no required courses. You still use their money for the extra leverage, but it's your deposit money to lose, they are not intending to let you lose their part of the capital.

Here are a few questions you can ask any proprietary trading firm you are considering joining. The questions cover a range of the most important criteria that we would suggest you consider:

1. What is the name of the incorporated company, not just the trading/brand name & how long have they been in business?

This means you can look them up in the state register or companies house and see how long they've been around and in some cases, for a small fee, you may be able to access their accounts or annual returns to see how financially stable they are.

2. Find out all fees you may be charged.

Not just commissions! Though you should obviously find out what your total cost per contract/share is going to be, you should also ask about any desk, access or software fee's. You should also ask about any exchange rebates, ECN kickbacks or cost reductions or price breaks for hitting volume thresholds.

3. How does the firm make its money?

Do they require high fees? High commissions? Are traders required to put up money before trading? Obviously, if a trading firm makes most of its money from trading activities, this is a good sign. Beware a firm that makes most of it profits from fees, such as training charges.

4. Do you need to deposit your own money, or does the firm offer "fully backed" deals?

If a deposit is required, how much?

5. What "size" can you trade, or what buying power will you be given?

What is the procedure for scaling up or increasing your size as you bank profits on your account? Is this buying power reduced if you take a draw or paycheck?

6. What markets can you trade?

Are there any restrictions ie: only big-cap stocks or just STIR Futures, or can you trade whatever you like? Does the firm trade a variety of products and strategies?

7. What is the profit share or payout arrangement?

Do you get to keep 50%, 70% or what of the trading account profits? What are the withdrawal intervals? Some firms allow only certain days of the month or a certain number of withdrawals in a month. Does the money need to stay in the account for a certain period of time?

8. What are the Risk Management parameters?

Is there careful business management and, more importantly, risk management? What is the management philosophy for developing traders? How do the traders view this style of management?

9. What are the loss limit criteria?

If you are trading with company money, how much can you lose before you have to halt trading for the day/week/month?

10. Is the firm authorised by the FSA in the UK, or NFA or SEC in the US?

Check and confirm any claimed regulatory affiliations. Being authorized as a prop firm is not a legal requirement in the UK unless the firm accepts deposits, but it is a definite measure of credibility and quality if they are. Be wary of any unauthorized prop groups as the regulators in many countries are giving greater scrutiny to broker dealer activities, and you don't want your prop firm to vanish or be closed down taking your money or account profits with it!

11. Are they members of any exchanges?

Check and confirm their exchange memberships.

12. Is any kind of License or permit required in order for you to prop trade?

In America, most prop groups require NFA series 7 certificates. Canadians are exempt from this requirement. If a License is required, will the firm sponsor you? Will they help you get the License?

13. Read the client agreement or trading contract carefully!

Highly recommended you invest in the small expense of having a lawyer read the contract for you! You need to be aware of any preferential clauses that might obligate you to repay losses, pay fee's or lock up your capital or profits on leaving the firm.

14. Do they offer training or mentoring?

Find out who provides this and how? For how long? Is there a cost? How successful have other trainee's been who have gone through the course? How many traders have been trained and how many are still trading? Is the firm invested in its developing traders?

15. Who are the owners/backers of the firm?

Look them up on Google, Linkedin and anywhere else you can think of. What is their background, experience and history? Are there any skeletons in the closet that you should be aware of?

16. How long have the top traders been working with the firm?

Has the firm nurtured successful traders? If you see highly successful traders who are sticking with a firm, you will know that the firm is generating loyalty and offering value.

17. Talk to those who trade there, or who have gone through the training program.

What is the vibe in the office? What kind of people work there? Are they happy/satisfied with the company? Do traders collaborate and share ideas? Is it a fun place to work? Post questions or ask for experiences on trading forums like Trade2Win and EliteTrader though understand you will get a broad range of responses, some of which may be very polarized on subjects the writer in fact knows nothing about.

18. What trading strategies does the firm employ or prefer?

Are they a calendar spread or pairs trading setup? Do they market make or provide liquidity for ECN rebates? Do they permit trading outrights and in what markets?

19. What software, charting & trading platforms do they use?

Look these applications up - are they will known names that you would be happy to work with like TT, CQG, Reuters, Bloomberg, or are they less well developed or supported applications that may give you stability issues?

20. What is their IT hardware setup like?

How up to date is their infrastructure, and how is it supported? Do they have dedicated IT staff?

21. Do they provide any proprietary or in-house trading signals, software or technology?

Do they have superior trading platforms, IT support, and decision-support tools for traders?

22. Look up any regulatory infractions, disciplinary actions or judgments against them. 23. Who do they clear their trades through?

Check the clearer out and make sure they are financially stable and reputable, since this is ultimately where your money or account will be held.

24. Ask for a copy of the prop firms most recent financial statements or balance sheet.

No single firm will deliver everything all you would like across all of these suggested criteria, but if you keep a "score" against their responses, you'll quickly separate the most attractive options from the rest. Find a prop firm that makes the majority of its revenue from your success and that invests in good all round support for its traders. Be wary of firms that charge high fees and then offer very small amounts of capital to trade.

Most of all, find a firm that trades the way you want to be trading. Ultimately, there has to be a match between the prop firm's trading strategy and the skills and interests of its traders.

Questions to Ask When Considering Joining a Proprietary Trading Firm
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You can find more information about proprietary trading at the following site: http://www.proptraders.net

A free four month Proprietary Trading Training programme is available at this link.

For a comprehensive directory list of proprietary trading firms in the US, Europe and Asia, follow the link to our page for full details.

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How to Become Successful - 3 Easy Tips That Will Help You Learn to Become Successful in Life

If you're looking to learn how to become successful in business or how to be successful in life you've came to the right place. If you have already achieved some success in your life this article is going to teach you how to become even more successful.

The first thing you need to know about success is that it's an inside job. That's right success comes from within, learning how to be successful in life is no easy task but if you have the courage to look at yourself for who you really are, congratulate yourself because you are already half way there.

Know Thyself

How to Become Successful - 3 Easy Tips That Will Help You Learn to Become Successful in Life

If you really want to learn how to be successful in life you're going to have to face up to who you are today in order to become the person you want to be tomorrow. You must examine your thoughts, actions, beliefs, emotions, and who you surround yourself with. Take a look at your friends are they growing or dying?

Pay attention to what you're afraid of because fear is the ultimate destroyer of success and happiness. How do you talk to yourself? Are you constantly criticizing yourself or are you talking to yourself in a positive manner. After you deal with everything that's stopping you...

You Must Become Financially Free

Freedom is your driving force in life, it doesn't matter who you are or where you came from it is your freedom that you value most. Are you stuck in a job that you hate, trading your time for money making other people rich, and sacrificing your happiness for a paycheck?

Maybe you're even being paid extremely well but are you happy? If you want to learn how to be successful you must learn to work for yourself. Start your own home based business, heck there is so much money to be made on the internet if you haven't already started your own online home based business what's stopping you?

Surround Yourself With Winners

"You can either dine with the dogs or fly with the eagles"

If you really want to learn how to be successful in life, you must examine who you CHOOSE to surround yourself with and if they are not doing anything with their lives it's time to make some changes.

Find yourself a mentor who is already successful in life who is willing to help you become more successful you will subconsciously pick up their winning thoughts, beliefs, and attitude which will in turn help you become a more successful person.

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Jayson Shawver is an Empowered Entrepreneur who specializes in helping people achieve ultimate success in life in all areas. If you'd like to learn step by step how to become more successful in life and how to set yourself financially free please visit: http://www.JaysonShawver.com.

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Working in Dubai

Dubai in the United Arab Emirates is one of the world's fastest growing employment hotspots in the world. Up to 20 new companies establish themselves in the emirate's free trade zones every week and since 2002 some 650 companies have registered in the Dubai Media City free trade zone alone.

Particularly in the fields of tourism, IT, media and finance there are significant job opportunities for qualified personnel and if you're interested in working in Dubai here's a guide to employment in the most exciting, tax free, fastest growing multi cultural location in the world.

Yes, you heard me right, Dubai is tax free - if you live and work in the emirate your income will be paid to you gross and furthermore, if you buy a house to live in you will not be subject to property taxes because direct personal taxation is against the law in Dubai!

Working in Dubai

The emirate currently has 15 free trade zones and 7 more are in the planning stages. The free trade zones are where foreign businesses can establish themselves and grow without the restriction of corporate taxation for example and without having to submit to a local majority shareholding structure. As a direct result of all of the incentives offered to overseas businesses, take up in the free trade zones has been incredible and employment opportunities for foreign personnel are being created within them on a weekly basis.

To work in Dubai you require a work permit and a residency visa and the majority of employers arrange these for their expatriate work force when they appoint them. If you're planning on travelling to Dubai to look for work you can enter the country on a temporary visa and then as soon as you secure employment you can apply for your work permit and visas. Rules relating to the period of time you can remain in the country on a temporary visa vary depending on the country you herald from and you should check with your local UAE embassy on rules that apply to you before you travel.

Most business in Dubai is done on a networking basis and so when you first arrive it can feel a little alien to have to immediately get out there and start introducing yourself to people. But don't worry, you soon get used to it. Just make sure you have a pocketful of business cards to hand whenever you leave your accommodation as trading in business cards is the first step to successful networking!

Once you've settled into the different working hours in Dubai - many businesses close for a few hours in the afternoon and no local people take appointments on a Friday - and once you've settled into the fast pace of your social life you will begin to love your new surroundings. The quality of life achievable in Dubai for expatriates is quite possibly inimitable elsewhere as such emphasis has been placed on creating a paradise where foreign workers can work hard, play hard, live life to the full and experience everything in one day from skiing on an indoor slope to playing golf to diving to camel riding in the desert.

Expatriates make up 94% of the population in Dubai and as a direct result you can almost guarantee you'll make friends very quickly and easily. The environment in Dubai is so multi cultural, open and free and there are a great deal of social clubs and events designed for people to meet up and make friends. These all help ease new residents into their brand new life. Everyone makes a great effort to get along in Dubai because they are all in the same boat together - working away from home but enjoying being in a country that offers first class business opportunities and a tax free lifestyle - could you ask for more?

Working in Dubai
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Rhiannon Williamson is a freelance writer whose many articles about living and working abroad have appeared in expatriate publications around the world. To read her latest articles about Dubai visit this link: Living in Dubai

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Tips on Starting a New Trading Business

Trading simply means the business of finding a buyer and corresponding seller of a product and being the middleman to the exchange. You will earn a profit for the difference in the price at which you buy and the price at which you sell. It is becoming a booming business online with an increasing number of people realizing the vast potential and low investment requirements inherent to the business. However, just as many people find success at a trading business as the number that don't, so you'd better be prepared to use your smarts and work hard. It is no gold paved highway to easy money, as some people like to think, so keep the following guidelines in mind while starting a new trading business.

Reliable source -

You will need to find a solid, dependable and affordably priced source for your product. Since you are working on maximizing the margin, you need to be sure you are not being overcharged by your supplier. Further, test your selected source out thoroughly before starting. Ask for references and talk to the supplier's other customers, especially irate ones. Make a relationship and use more than one supplier since it is not a good idea to be dependent totally on just one supplier, especially initially.

Tips on Starting a New Trading Business

Reliable delivery -

Next you will require a reliable delivery system, either through the supplier's channel or through your own. Ensure that the system is fairly fool proof. Test it - send yourself a sample of the product. Keep testing from time to time to be sure that the system still works well. Remember that your customers will blame you for any loss, damage or delay so your delivery channel has to be perfect.

Legal requirements -

Find out if there are any restrictions on your product of choice. Be sure that you understand the legal repercussions of trading the product and all surrounding paperwork. If there is documentation required, complete that before you begin and in case the documentation is on going, make sure you factor in the costs.

Accounting and taxation -

Research in detail all the accounting and tax requirements. Talk to people in the business, accountants, or look it up online. When you form your business plan, make sure you account for all expenses and costs in setting up and running your trading business.

Credibility -

Building up your trust factor is essential. Customers and potential customers will need proof of your credibility and it is essential to gain recognition as reliable trading business. This can be established through references or ratings. Make sure that you are perceived as being 100% reliable, since this is absolutely the first and crucial step towards gaining a customer base.

Communicate -

Create a network of customers and suppliers to ensure that you are always in the loop for new developments in customer requirements and product information. Maintain a constant interaction with these two groups through email/ mailing lists, newsletters, forums etc.

Starting a trading business is not rocket science, but requires effort and common sense, and there is always potential for large profits.

Tips on Starting a New Trading Business
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William King is the director of UK Wholesalers & Drop Shipping Suppliers Directory, Wholesalers & Suppliers Directory, and Drop Shippers & Drop Shipping Products Directory. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

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How To Turn Your $500 Into $1,000,000 in Less Than 3 Years With Very Low Risk Trading Forex

It is the dream of every new forex trader to make a fortune in the forex markets. Many try it, burn their fingers and then give up thinking it to be an impossible dream. They don't know that there are many ordinary traders who indeed became millionaires trading forex. Many new traders have this false impression that you need a lot of capital in your trading account in order to make a fortune.

Many forex brokers will also advise them to have at least ,000 in their trading account. In fact, the actual truth is that you don't need a large amount of capital in your trading account. You can start with only 0 and grow that amount into a fortune in a matter of 2-3 years. Yes, this is true. Read this article to discover a Forex Millionaire Maker System that does not need more than 0 and can take you to your first million in less than 3 years.

Meet Tony Manso. He has been trading forex since 2004. In the beginning, he did not meet with success but then he was able to perfect a system that helped him grow his account with low risk. There are many pitfalls that you may fall into on your way to your success. Many traders face this when they see that they are making winning trades but their account is not growing.

How To Turn Your 0 Into ,000,000 in Less Than 3 Years With Very Low Risk Trading Forex

Suppose, you are a new trader. You need to set your goals as a trader. What are your goals as a trader? Do you want to trade for a living? Do you want to trade part time? Suppose, you want to make your first million in the next 2-3 years. Is it doable? Yes, it is very much doable. What you need is determination and persistence. You will succeed.

You don't need to rush. First perfect your trading strategy. You can use your demo account. Choose your favorite currency pair and select a trading system that you think can take you to your ultimate goal of making your first million dollars. Test it on your demo account thoroughly. As a rule of thumb, only select that trading system and trading strategy that is able to triple your demo account in a matter of two months. Do that twice.

You can read Tony Manso's ebook, 'The Forex Millionaire Maker", that explains a lot of things that you need to consider before you embark on your actual journey. Tony is even ready to share with you his Forex Set and Forget Robot that makes at least 60% return annually with very low risk. 60% annual return means 5% monthly return. The most important thing in trading is to choose a trading strategy that has a low risk and high reward ratio.

Trading is a game of survival. You need to learn how to survive in the markets. Making a low risk safe return is what you must aim at. Don't go for hype that promises returns as high as 100% in a month. Most of these strategies have high risk and for a new trader may not be good.

Tony is willing to let you test his Forex Set and Forget Robot for only for 30 days on you demo account. When you download his Forex Set and Forget Robot for only, you also get his Forex Millionaire Maker eBook as a bonus that I was talking about. Now, Tony is very clear. He wants you to test his Forex Set and Forget Robot for 30 days and if his robot does not make you happy, simply ask him for a refund and get your back!

You can keep the Forex Millionaire Maker eBook bonus. If you are really interested in making your first million dollars trading forex in the next 2-3 years starting with only 0, you need to give Tony Manso's Forex Millionaire Maker System a RISK FREE trial. You have nothing to lose.

How To Turn Your 0 Into ,000,000 in Less Than 3 Years With Very Low Risk Trading Forex
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Rectification Of Accounting Errors

Accountants prepare trial balance to check the correctness of accounts. If total of debit balances does not agree with the total of credit balances, it is a clear-cut indication that certain errors have been committed while recording the transactions in the books of original entry or subsidiary books. It is our utmost duty to locate these errors and rectify them, only then we should proceed for preparing final accounts. We also know that all types of errors are not revealed by trial balance as some of the errors do not effect the total of trial balance. So these cannot be located with the help of trial balance. An accountant should invest his energy to locate both types of errors and rectify them before preparing trading, profit and loss account and balance sheet. Because if these are prepared before rectification these will not give us the correct result and profit and loss disclosed by them, shall not be the actual profit or loss.

All errors of accounting procedure can be classified as follows:

1. Errors of Principle

Rectification Of Accounting Errors

When a transaction is recorded against the fundamental principles of accounting, it is an error of principle. For example, if revenue expenditure is treated as capital expenditure or vice versa.

2. Clerical Errors

These errors can again be sub-divided as follows:

(i) Errors of omission

When a transaction is either wholly or partially not recorded in the books, it is an error of omission. It may be with regard to omission to enter a transaction in the books of original entry or with regard to omission to post a transaction from the books of original entry to the account concerned in the ledger.

(ii) Errors of commission

When an entry is incorrectly recorded either wholly or partially-incorrect posting, calculation, casting or balancing. Some of the errors of commission effect the trial balance whereas others do not. Errors effecting the trial balance can be revealed by preparing a trial balance.

(iii) Compensating errors

Sometimes an error is counter-balanced by another error in such a way that it is not disclosed by the trial balance. Such errors are called compensating errors.

From the point of view of rectification of the errors, these can be divided into two groups :

(a) Errors affecting one account only, and

(b) Errors affecting two or more accounts.

Errors affecting one account

Errors which affect can be :

(a) Casting errors;

(b) error of posting;

(c) carry forward;

(d) balancing; and

(e) omission from trial balance.

Such errors should, first of all, be located and rectified. These are rectified either with the help of journal entry or by giving an explanatory note in the account concerned.

Rectification

Stages of correction of accounting errors

All types of errors in accounts can be rectified at two stages:

(i) before the preparation of the final accounts; and

(ii) after the preparation of final accounts.

Errors rectified within the accounting period

The proper method of correction of an error is to pass journal entry in such a way that it corrects the mistake that has been committed and also gives effect to the entry that should have been passed. But while errors are being rectified before the preparation of final accounts, in certain cases the correction can't be done with the help of journal entry because the errors have been such. Normally, the procedure of rectification, if being done, before the preparation of final accounts is as follows:

(a) Correction of errors affecting one side of one account Such errors do not let the trial balance agree as they effect only one side of one account so these can't be corrected with the help of journal entry, if correction is required before the preparation of final accounts. So required amount is put on debit or credit side of the concerned account, as the case maybe. For example:

(i) Sales book under cast by Rs. 500 in the month of January. The error is only in sales account, in order to correct the sales account, we should record on the credit side of sales account 'By under casting of. sales book for the month of January Rs. 500".I'Explanation:As sales book was under cast by Rs. 500, it means all accounts other than sales account are correct, only credit balance of sales account is less by Rs. 500. So Rs. 500 have been credited in sales account.

(ii) Discount allowed to Marshall Rs. 50, not posted to discount account. It means that the amount of Rs. 50 which should have been debited in discount account has not been debited, so the debit side of discount account has been reduced by the same amount. We should debit Rs. 50 in discount account now, which was omitted previously and the discount account shall be corrected.

(iil) Goods sold to X wrongly debited in sales account. This error is effecting only sales account as the amount which should have been posted on the credit side has been wrongly placed on debit side of the same account. For rectifying it, we should put double the amount of transaction on the credit side of sales account by writing "By sales to X wrongly debited previously."

(iv) Amount of Rs. 500 paid to Y, not debited to his personal account. This error of effecting the personal account of Y only and its debit side is less by Rs. 500 because of omission to post the amount paid. We shall now write on its debit side. "To cash (omitted to be posted) Rs. 500.

Correction of errors affecting two sides of two or more accounts

As these errors affect two or more accounts, rectification of such errors, if being done before the preparation of final accounts can often be done with the help of a journal entry. While correcting these errors the amount is debited in one account/accounts whereas similar amount is credited to some other account/ accounts.

Correction of errors in next accounting period

As stated earlier, that it is advisable to locate and rectify the errors before preparing the final accounts for the year. But in certain cases when after considerable search, the accountant fails to locate the errors and he is in a hurry to prepare the final accounts, of the business for filing the return for sales tax or income tax purposes, he transfers the amount of difference of trial balance to a newly opened 'Suspense Account'. In the next accounting period, as and when the errors are located these are corrected with reference to suspense account. When all the errors are discovered and rectified the suspense account shall be closed automatically. We should not forget here that only those errors which effect the totals of trial balance can be corrected with the help of suspense account. Those errors which do not effect the trial balance can't be corrected with the help of suspense account. For example, if it is found that debit total of trial balance was less by Rs. 500 for the reason that Wilson's account was not debited with Rs. 500, the following rectifying entry is required to be passed.

Difference in trial balance

Trial balance is affected by only errors which are rectified with the help of the suspense account. Therefore, in order to calculate the difference in suspense account a table will be prepared. If the suspense account is debited in' the rectification entry the amount will be put on the debit side of the table. On the other hand, if the suspense account is credited, the amount will be put on the credit side of the table. In the end, the balance is calculated and is reversed in the suspense account. If the credit side exceeds, the difference would be put on the debit side of the suspense account. Effect of Errors of Final Accounts

1. Errors effecting profit and loss account

It is important to note the effect that an en-or shall have on net profit of the firm. One point to remember here is that only those accounts which are transferred to trading and profit and loss account at the time of preparation of final accounts effect the net profit. It means that only mistakes in nominal accounts and goods account will effect the net profit. Error in the these accounts will either increase or decrease the net profit.

How the errors or their rectification effect the profit-following rules are helpful in understanding it :

(i) If because of an error a nominal account has been given some debit the profit will decrease or losses will increase, and when it is rectified the profits will increase and the losses will decrease. For example, machinery is overhauled for Rs. 10,000 but the amount debited to machinery repairs account -this error will reduce the profit. In rectifying entry the amount shall be transferred to machinery account from machinery repairs account, and it will increase the profits.

(il) If because of an error the amount is omitted from recording on the debit side of a nominal account-it results in increase of profits or decrease in losses. The rectification of this error shall have reverse effect, which means the profit will be reduced and losses will be increased. For example, rent paid to landlord but the amount has been debited to personal account of landlord-it will increase the profit as the expense on rent is reduced. When the error is rectified, we will post the necessary amount in rent account which will increase the expenditure on rent and so profits will be reduced.

(iil) Profit will increase or losses will decrease if a nominal account is wrongly credited. With the rectification of this error, the profits will decrease and losses will increase. For example, investments were sold and the amount was credited to sales account. This error will increase profits (or reduce losses) when the same error is rectified the amount shall be transferred from sales account to investments account due to which sales will be reduced which will result in decrease in profits (or increase in losses).

(iv) Profit will decrease or losses will increase if an account is omitted from posting in the credit side of a nominal or goods account. When the same will be rectified it will increase the profit or reduce the losses. For example, commission received is omitted to be posted to the credit of commission account. This error will decrease profits ( or increase losses) as an income is not credited to profit and loss account. When the error will be rectified, it will have reverse effect on profit and loss as an additional income will be credited to profit and loss account so the profit will increase ( or the losses will decrease). If due to any error the profit or losses are effected, it will have its effect on capital account also because profits are credited and losses are debited in the capital account and so the capital shall also increase or decrease. As capital is shown on the liabilities side of balance sheet so any error in nominal account will effect balance sheet as well. So we can say that an error in nominal account or goods account effects profit and loss account as well as balance sheet.

2. Errors effecting balance sheet only

If an error is committed in a real or personal account, it will effect assets, liabilities, debtors or creditors of the firm and as a result it will have its impact on balance sheet alone. because these items are shown in balance sheet only and balance sheet is prepared after the profit and loss account has been prepared. So if there is any error in cash account, bank account, asset or liability account it will effect only balance sheet.

Rectification Of Accounting Errors
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The author is an engineering graduate, B.E.(Hons), and is managing his own software development firm, HiTech Computer Services, that mainly deals in accounting, billing and inventory control software for traders, industries, business houses, hotels, hospitals, medical stores, newspapers, magazines, petrol pumps, automobile dealers, commodity brokers and other business segments, website and web application development for business. The software are available both for intranet and internet. These software are available for download from the website:

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