Canadian currency trading is well known on the Forex market because of its image as a growth-tied currency. The Canadian dollar, which is also known as the “loonie,” swings in line with the dictates of the market.
So, if you invest in the Loonie when the economy is bearish, you could be smiling to the banks with high yield returns. The Canadian currency trading is mostly against the US dollar. But that is not to say that it does not pair versus the Euro and Australian dollar.
Let me take you down the memory lane about the existence of the Canadian currency trading. Until the Canadian dollar’s peg to the US dollar was abolished in the year 1950, the first ever Canadian currency trading was not on track. Prior to this period, the Canadian dollar was pegged at a fixed rate of 90.91 US cents. After the end of the fixed rate system, the Canadian dollar was traded against its US counterpart at a premium. It waxed stronger, managing to reach $1.06 in 1957. But, the loonie was pegged again to the Greenback in 1962, only
The first thing that stops people from actually saving for retirement is that they just don’t understand how any of it works. Once you break things down and start researching to make yourself a simple, understandable, doable plan it will make more sense and become more realistic. So, how to get started building a retirement plan? First you need to do some research so you can understand what types of accounts you want to build into your plan.
There are two main types of accounts that people use most often—401k and IRAs. The 401k account is done through your employer. An IRA is an independent retirement account, and you set that account up on your own. There are advantages and disadvantages to both accounts, and they are similar in many ways. Some people decide they only need one of these accounts, while others have both. What you do is all up to you and what you are trying to accomplish with your savings plan and your individual needs.
To begin with, these accounts are similar in that the money you save into these accounts is then
Almost everybody looking to make money online is interested in knowing how currency trading works. Well, currency trading, otherwise known as Forex, deals with the ability to sell and buy currencies online. It is the hugest financial market in the world, with a daily turnover of over $1.5 trillion.
As you may expect, the biggest players in the market are brokers, banks, financial institutions and even some private individuals. Most trades are done online, in some cases, using a high tech trading platform. However, there are still people who conduct their businesses over the phones like it has been done for decades. There is absolutely no dearth on the number of online firms who offer trading platforms and/or trading over the phone.
How currency trading works is that the trade can be between any of the market players mentioned earlier. “Interbank” is a term used when the buyers and sellers are ready to make an exchange of currency.
You should know that traders trade various currencies at different rates. Again, how currency trading works will let you know what currency plays a dominant role in the market.
Assuming you have a manual system, an automatic robot or EA (expert advisor), you first need to check how this system would have been doing in the past if you had actually used it. This gives a vital view of the system performance and let you know what to expect and whether this system should deserve any further attention from you.
Indeed one of the main issues you are going to face is ensuring a system has a high probability of its future profitability. This issue is the most important problem in automated robots because the most important question is not about what will be the returns but about will the system survive. Out of sample testing gives us an idea about how our system performs even out side of its designed period.
Out of sample testing means doing stress tests that can tell us how a strategy behaves when it is not being optimized to specific market conditions. You develop a strategy across a certain set of market conditions and then run it across a set where no optimization was done. How to do it? Take a system you have optimized from date A to B and then run it from
Isn’t it amazing that from just the two variables of price and time, there have been thousands of Forex trading indicators and millions of Forex expert advisors created? These days, literally anyone can develop their own Forex expert advisors from scratch, simply by using the free functionality that Metatrader 4 offers. That’s why you can find a flood of both free and paid Forex robot traders being advertised in the various forums, discussion groups and websites online.
Downloading and using a free FX trading system may seem like a good idea, after all you haven’t paid anything for it, so there’s no risk right? Sadly, when it comes to free Forex robot traders, they are almost guaranteed to cost you a lot more than paid Forex expert advisors in the long run. By the end of this article, you will understand just why you’re much better off forgetting about free Forex robot traders and investing some money into getting a good FX trading system instead.
At first glance, free Forex expert advisors seem like a good way to save a few hundred dollars and still profit from the Forex markets. After all, all Forex expert advisors are the same, right? Wrong. At
People are always looking to find creative ways to make money. It seems that money is often running at a shortage, especially in today’s economy where the cost of living tends to increase at a faster rate than raises in pay. This trend makes people start looking for ways outside of their regular 9 to 5 job to supplement their income.
Often, starting a new creative money-making venture requires patience and persistence. Especially if it requires learning new skills or looking for new customers. Sometimes extra money can be made by expanding services that a person is already offering.
Creative ways to make money always start out with a good idea. The first step, then, is to hatch the good idea. To find an idea for making money, a person needs to find someone with a need that they are willing to pay for to get filled. If there isn’t a hungry customer somewhere, then it doesn’t matter how good the idea sounded. It has to be able to make money, and to do that, customers are needed.
Money making opportunities exist wherever there are groups of people, both offline and online. They just need to be discovered. Offline opportunities can start in
How is the life of an average Singaporean? More than 90% of the people born in after the 1980s have gone through at least the Minimum 10 years of education, ie from primary school (6 years) through secondary school (4 years, sometimes 5 years). We have been thought how to survive through education. But this only brings us to one result: getting a a large quantity of products from the same “factory”
This brings us to the topic of a rat race in Singapore. The fact that everyone is getting better educated makes us more competitive in our job search. Nowadays a degree from a university is common. The entire orchard road is filled with lots of graduates.
After graduation, it is common that one will pursue a job in their field of study and there starts their work life. Week in week out, their work life began. They work overtime and have little time for their friend, girlfriends and family. This is especially true in many professions where the competition is strong.
We also suffer from tremendous stress due to the pressure to keep our job. We have unknowingly entered into the infamous Rat Race. How do we get out of this
In most cases, the details of the credit score rating scale used by the most credit bureaus are closely guarded trade secrets. The secrets are shrouded within the guidelines of the companies that have built the scoring credit score rating scale.
Let me however say that, the best known and most widely used credit score rating scale model of the FICO judges your credit score on a credit score rating scale from 300 to 850.
This was developed by the Fair Isaac Corp, and it is in use by the major credit bureaus- even though with slight variations. Due to the complexity of statistical analysis used in credit score rating scale and also the scoring algorithms which are not publicly advisable, it is very difficult for you to measure your own credit score on a reliable credit score rating scale.
But, this is not to say that Fair Isaac general method for measuring your credit score is not reliable. It is a computer generated scoring method. With any credit score rating scale, you need to bear in mind that, certain factors are put into consideration to calculate a good credit score.
The first of these factors is your payment history. This counts for about
Are you feeling the pain of just not having enough money? Many of us are experiencing the effects of unemployment, reduced job hours, working part-time only, reduced wages, or just not having enough money to go around. This can definitely lead to depression, sadness, and a feeling of helplessness!
With the unemployment rate at still an all time high, gas prices on the rise, grocery prices increasing, many are unsure of what to do and how to do it. Whether you’re single, married, divorced, or in a domestic partnership we all have to pay bills!
How do we do it all and still stay sane? The first thing to remember is that you can’t do it alone. When life’s financial stresses hit you, you need someone to talk to or vent to. Whether that’s a friend, your partner, or God, sharing your burdens without shame can really help release stress! You might be surprised at how many people are going through similar things. Being able to relate and share another person’s problems helps take the emphasis off yourself. But don’t become a burden! Exercise is also a good tool. Taking a walk, exercising by television with the health & fitness channels, playing
Many consumers out there consider debt as a way of life. So overwhelming can it be sometimes that, bankruptcy appears to be the only answer. Because of the negative effect on your credit score, it is wise to consider ways to avoid filing bankruptcy. Once you find a bankruptcy alternative that saves your credit, I will wholeheartedly ask you to take it, even if it will require more time or stay a little longer or cost you more to get rid of your debt.
Be careful, and make sure you avoid filing bankruptcy if you can sell your assets. You can sell what you can do without and use the money to pay off your debts. Swing to action right away if you find out that you can’t afford to make payments any more. It could be too late for you if you found behind a payment!
You can sell off your furniture, jewelry, electronics on Craigslist or Ebay to raise money to pay your debts. You might consider this a radical way to avoid filing bankruptcy. But, do not worry as this is but only a temporary measure. See it as a way to avoid filing bankruptcy and spare your credit.
Have you ever thought you may have a certain attitude toward money that keeps you from getting ahead financially? We have all been influenced throughout our lives by family members, friends, and the media about the way we think about making, saving, and more importantly, spending money. The aim of this article is to make you question your spending history, identify your spending habits, and provide some simple ways to save money.
Answer these questions to help you gain a better understanding of your attitude toward money:
• What motivates you to spend money?
• What kinds of things do you buy?
• Are there certain instances in the week, day, month or year when you spend more money?
• How do you pay for your purchases, with cash, debit card, or credit?
The reason for asking yourself these questions is to get your mind wondering if you are spending too much money or if you spend money unnecessarily. Asking these hard questions will reveal your personal values about money and disclose to you ideas on how to budget and save money.
Now that you have determined your values regarding money, you have probably discovered ways that you spend needlessly. You may have identified subtle changes in
If your current issue is giving you feelings of uncertainty leading to fear and sleeplessness as a result of the huge debt you owe, I think it is time to enroll in a debt consolidation and management plan to see you through your difficult situation.
But before you plunge into the idea of which option is best for you, I think you will want to know the process involved in debt consolidation and management and you can gain from it.
Debt consolidation and management is a process that involves pooling all your debt into a centralized place so that all you have to do at the end of the month is to make a single payment. Some of the main factors you will want to consider include the possibility of a higher interest rate, and overall monthly payments. In addition, once you know that you are becoming overwhelmed at the prospects of having to pay several bills each day, this option will give you peace of mind. Because all the debt is compiled into just a single payment, you will find out that the chance of forgetting to pay a debt does not exist.
You need to consider some things before you go
In this article I am going to tell you from my experience, why is it so crucial to have a FX mentor when starting to trade the currency market ‘for real’.
First though, why would you want to trade the FX market for the first place? Well, have you lost your job recently? Want to get out of debt? Do you hate your existing job? Or you don’t want to work forever? I could have answered YES to all these situations, not so long ago.
Or maybe you want to make money when you retire and do not want to depend on social security? Want to make money to help with tuition fees or for extra money while you go to school?
If your goal is to grow your capital for longterm profitability then FX is a very good opportunity with much better and stable longterm rewards (though risky) when compared, for example, to stock trading.
So let’s get back to the original question, which is why do we must have a FX mentor. The first thying I did, was to try to learn FX myself. When I first started trading, I thought that since there is so much available information on the internet,
Creating a personal financial budget may not sound like the most pleasant experience in the world. But, you will need to set a personal financial budget to keep your financial house in order. Before you begin creating a personal financial budget, you need to realize that if you must be successful, you will have to give as much detailed information as possible. At the end of the day, you will be able to show where your money is coming from, how much you have and where it is all going. Here are some tips to help you create a personal financial budget.
Gather every financial statement that you can. This can include your bank statements, investment accounts, recent utility bills and any other details that define your income or expenses. You will want to create a good monthly average. So, the more information you can dig up, the better will it be.
Having followed the first time, it is time to record all sources of your income. Given that you are self-employed or have any other sources of income, you will need to also keep a proper record of all this. If you receive regular check payments where taxes are deducted automatically,
The answer to the question posed above is “NO.” Money does not buy happiness. But remember neither does poverty. Most of us are about as happy as we make our minds up to be.
Given the choice I’d rather be happy with money than without.
Money doesn’t change you. All money does is “reveals who you are when you no longer have to be nice.” Timothy Ferriss in The Four Hour Workweek.
This is one of the most accurate descriptions of money I have ever heard.
You can see proof of that by all the millionaire celebrities – music stars or movie stars – who have everything most of us would ever want ruining their lives and careers with stupid choices.
While we’ve all done our fair share of stupid moves, lucky for most of us ours don’t end up on You Tube or the evening news for the whole world to mock us.
Having worked in the film industry at times I’ve always found it was funny that the ones who have achieved a high level of success, two of the bigger ones were Harrison Ford and Liam Neeson, were some of the more pleasant people to work with.
Some of the not so successful ones
Anyway, I know that the mortgage professionals were also the ones to suffer, we lost our livelihood and yet, we were the ones to be blamed for it. Funny how things turn out. Now, I am not saying there were all good brokers, just like there are bad cops, bad teachers, bad bankers and so forth, there were also bad brokers. But that is not a reason to blame all of them for the mortgage meltdown. Let’s hear the side of an Ex-Mortgage Broker.
First of all, let me give you a little of my back ground so that you can understand why this topic I take to heart. I’ve been doing mortgages since I was 18. I am now 34. My first job was working for NationsBank, before Bank of America and NationsBank merged around 1999.
I started as a Loan Processor and worked my way up as an Account Executive. Mortgages was all I knew and I loved every minute of my job. I had such great satisfaction when helping someone live their dream of being a homeowner, or getting someone out of debt by consolidating all of their debt and dropping their payment so they wouldn’t get into a
As many people in the United States have already noticed, there is a massive heat wave that is currently afflicting the country. A number of people have already died due to dehydration and there are several hospitalized people in southern states especially. There are a number of possible reasons for the heat wave, but the results are drastic for the poorer people trying to survive as homeless individuals. There is some measure of hope that the heat wave will end soon, but the poorer people waiting for solace are not comforted by hope. They just want this weather to be over.
In many parts of the United States there are raging forest fires, such as New Mexico and Colorado. These fires have engulfed hundreds if not thousands of homes in these states and look like they will be continuing the cycle. The heat wave has been strongest in traditionally hot states, such as Texas, Louisiana, and desert regions in New Mexico, Arizona, and parts of southern California. Nonetheless, the heat wave has also spread rapidly to other places in the continental United States. Record temperatures have been made all along the eastern sea board including New York and as far north
OK, you’ve done your homework and obtained your credit report and FICO credit scores from the three major credit bureaus (Equifax, Experian, and TransUnion). You have all the data on your credit history and the three-digit credit score numbers. So what does it all mean? Let’s discuss how creditors view your credit scores so you can determine if there is a need to learn how to improve credit scores.
FICO credit scores range from 300 to 850, with the higher number indicating a better score. Creditors will look at all three scores and will generally use the middle score as your representative score. For example, if your credit scores are:
- Equifax: 658
- Experian: 672
- TransUnion: 683
then 672 will be your representative score in which a creditor will base a loan decision and determine the terms (interest rate). Credit scores may vary by credit bureau, in part because not all of your credit information is reported to each and every credit bureau.
Is My Credit Score Bad? Good? What’s The Deal? Let’s break it down. If your credit score is higher than 750, then you’re in prime territory and your credit score is considered top notch. You should not have a problem qualifying on credit alone,
The documentation that businesses and databases maintain in the modern era is something that many people fear. Many of the things that every person does on a regular basis are documented and used in order to sell products or services. Sometimes the data is even used in order to scam people out of their money. Recently a number of phone scams have targeted people who have used payday loans in their life. Where the lists came from is unknown, but many of the people targeted have been exploited on a grand scale because of this data collection.
Phone Scam by Payday Loan Con Artists
Many of the lending companies that offer payday loans have aggressive and often illegal tactics to get their earnings back. Anyone who has had experience with payday loans know that the collectors are not the nicest people and they don’t take kindly to rejection. So when payday loan holders in the United States started to get phone calls threatening to sue, many decided it would be best to get the payment over with.
This is where many went wrong. The payday loans that were described were usually made up and offered no clarification as to when and with whom
A foreigner loan is a loan which can be accessed by somebody who is not a citizen in the country he/she is in at the moment. For example, you may be setting up a business or visiting another country and you are jogging low on money. There’s positive institutions that are specialized in giving such financial help. You can apply for foreigner loan Singapore from these institutions to help you meet your needs. There’s some requirements that you need to meet so as to get your money.
In the event you need a foreigner loan, you ought to speak to a lending institution and ask in the event you qualify. In order to have your loan request processed, you will need to have a few key documents. These include work permits, identification card, or even your pay check. These requirements vary widely depending on the lender. So be positive to enquire about all the requirements needed before making the applications to help your loan application get processed faster and simple.
A foreigner loan like the other types of loans normally attracts an interest. Foreigner loans can attract an rate of interest higher than the standard loans in lots of cases. This is