Boundaries in Money


When is the last time you can remember someone asking to borrow $20? I knew a guy who was always asking for money. He constantly complained that he did not have enough money for gas and food, yet he always had money to have his dog groomed and bought his dog expensive food. His constant requests for money drove me crazy!

I love watching Judge Judy. She’s spot on most of the time! One of her favorite expressions is “If someone asks you for money, give it as a gift because most likely you will never get it back. Be sure to tell them it’s a one-time gift.” I agree with that statement.

A few years ago a family member contacted me who was in need of money for his medications. I was more than willing to help him out. I also remember him telling me that he would pay me back within two weeks. I wired the money and then waited for him to repay it. A month later he called but never mentioned the money I loaned him. A year later he called again asking for money. This time I told him I couldn’t help him and reminded him of how important it is that we keep our word and that since he never repaid what he originally borrowed, I could not honor his request. I also told him he didn’t need to repay the original loan and could consider it a one-time gift.

We certainly need boundaries regarding our finances and money we loan. You are not a bank, or for that matter, Fort Knox! What we need to understand that once you loan friends or family money, it is highly likely the friendship will come to an end. That’s the cold hard fact. You have to decide if you’re willing to lose a friendship over loaning someone money.

Do you have boundaries established in the case that someone comes to you for a loan? If you loaned someone money in the past and they never paid you back and you had a chance to do things over, how would you handle it now? Would you loan them the money? Would you have stipulations in loaning them money? Would you have had them sign a legal binding contract? What would change?

The first question you have to ask yourself is whether you can afford to loan money? If you have to use money that is meant for paying your bills then you are certainly not in a position to loan or gift the money. If it’s money set aside for food or insurance, again I would say do not loan your money! When you loan money just plan never to get it back. I have seen the best of friends part ways because of unpaid loans. I have seen them in court as well. Plan to have an answer if someone you know comes to you and asks for money. Don’t be caught off guard and give away money you can’t afford to give away. Saying no may save a friendship in the long run.

Loaning money has caused many a divorce. I have seen one spouse loan money without consulting with the other spouse. When the unsuspecting spouse finds out why is money missing out of a joint account there is trouble in paradise. Protect your money! Hard times are a coming.

We all struggle with boundaries. Do you need help setting up your boundaries? Do you have difficulty telling people ‘no’ when they ask you for money? Are you tired of letting people walk all over you? Does your spouse, children or co-workers need to know your boundaries? If you answered yes to any of these questions, then you need to look at how to protect yourself from those who want to borrow from you.


ISO Focus+ Zeroes in on Crisis Management, ISO Celebrates With MPEG

The May 2012 issue of ISO’s official magazine, ISO Focus+, is off the press. The latest issue, according to ISO, focuses on crisis management amidst recent natural and manmade disasters, hack attacks on IT networks, and terrorist threats.

Dealing with the aftermath of disasters is a major management undertaking and so emergency preparedness becomes the linchpin of the strategy to containing the aftereffects. The latest issue offers readers an overview of the various types of calamity, as well as how international standards can be used to best advantage to manage the different stages to recovery.

The new issue, although certainly not as immediate in its effect on everyday life as is the impact of, say, the standards ISO 9001 or of ISO 27001, demonstrates how truly widespread the need is today for ISO standards and the training associated with them (for instance, ISO 9001 training and ISO 27001 training).

Of special interest to crisis managers are the topics on: mitigating the consequences of a nuclear accident, ISO safety signs and graphic symbols for helping lessen risks to people, and future ISO guidelines for crisis management to help protect the all-important water utilities. The issue also features the lessons learned from the recent earthquake disaster that befell Christchurch, New Zealand.

In addition, ISO Focus+ May has an exclusive interview with Jim Ingram, CEO of Medair, a nongovernmental organization that delivers life-saving relief and rehabilitation to areas of disaster, conflict, and other crises.

Meanwhile, coming up in a future issue of the ISO Focus+ is the “MPEG 100 Event,” the hundredth meeting of the Moving Picture Experts Group, better known as MPEG for their spectacularly successful digital compression products led by the similarly named MPEG-2.

MPEG 100 Event, held from April 30 to May 4, 2012 in Geneva, Switzerland, attracted top-tier executives of ISO (International Organization for Standardization) and the International Electrotechnical Commission (IEC). ISO and IEC work together under the joint technical committee ISO/IEC JTC 1, Information technology, under which MPEG operates as subcommittee SC 29, Coding of audio, picture, multimedia and hypermedia information, working group WG 11, Coding of moving pictures and audio.

The event celebrated nearly 25 years of progressive innovation-involving thousands of digital media experts from hundreds of companies in dozens of countries coordinating to advance digital compression technology-that have seen MPEG develop and put into homes worldwide audio and video digital compression standards such as MP3, MPEG-2, MPEG-4, and popularize in unprecedented ways digital multimedia enterprises such as the multimillion-dollar MP3, set-top box, DVD, and mobile communication industries.

Also attending the event was the International Telecommunication Union (ITU). MPEG and ITU have collaborated on two video compression standards in the past and are currently working on the High Efficiency Video Coding (HEVC) standard, and the World Intellectual Property Organization (WIPO).

5 Tips on How to Create Prosperity Without Money


Sounds crazy I know, but it really is true! I want to give you 5 Tips that will help you create Prosperity starting today.

Tip #1

Whatever is on the inside will be your reality! Even nature verifies this. On the inside of an apple seed is an apple tree, not an orange tree. You cannot get a peach from a lemon seed.Tell me, can you get kangaroo from a fish? Here is a fact, “like begets like”.

Whatever is on the inside is going to give birth to what is on the outside.So doesn’t it stand to reason whatever is on the inside of you will be on the outside. The inside always give birth to what will be on the outside.Most people believe Prosperity is all about figuring out how to create money.

Not so, prosperity begins on the inside. So the question is, what do you have on the inside? That’s easy!When you look at a peach tree can you tell what is on the inside of the seed. Absolutely!

Tip #2

Look at the outside if you want to know what is on the inside! Put clean water in a dirty glass and you have contaminated water. The same holds true with prosperity.Put money in a lack or scarcity mindset and you will struggle making ends meet no matter how much income you create.

How can you tell what is on the inside of you. Easy, look at the outside. No. I am not talking about all the toys, everyone knows that can be deceiving.There is a simple way to know what is on the inside, no one can hide it. It’s your speech.

Does your speech reflect prosperity and abundance, or scarcity and lack.Most people don’t pay much attention to their words. But awareness always precedes change. Remember your words are a mirror of your soul or heart.

Have you ever listened to people, I mean really listened. I want, I need, I wish, what if, but, I can’t….. what kind of words do they speak regularly.

They will tell you what is on the inside, prosperity or lack.Of course it becomes obvious in other ways as well. Such as, always struggling and never having enough…. behind on things and the list goes on.

Tip #3

It’s time to make the change! If you want a different outcome then you have one choice, change. You can change your words, thoughts, feelings, attitude, notice there is an inward progression here.Once you become aware of the above, you have a choice.

Change Or stay the same. Choices have an exact outcome, they always have a specific result.So if you want prosperity to be set in motion then simply make the prosperous choice. Immediately you activate prosperity.

So awareness must lead to action. That action brings change, and change gives you a specific result.Here is where a lot of people experience, success then failure. You get some wins under your belt then suddenly you are back where You were.

Tip #4

Permanent change should be seemingly effortless! Have you ever read a book, had a conversation, or watched TV. before Going to bed and you dream about it all night? Or maybe had a tough problem to solve with a deadline, and you wake up in the morning’ with the answer?

That is your subconscious at work! Your subconscious is the inside. It determines what will be on the inside. This is where all your old Programs are that need to be deleted, and replaced with the new.Change that happens at this level is permanent, at least until they are changed.

So how does change occur here?Here is one simple way. The time before that, sleeping state, and the time just after opening your eyes are perfect for change.

It’s the time you can turn things over to your subconscious and allow It to work on your behalf. This is effortless. If you struggle, you did not turn it over and leave it. Turn it over and let it go!Here’s one way to turn it over. Ask questions. This fires up your Subconscious and puts it to work.

But, you must ask the right Questions.Why is this happening to me is not a good question. A better question would be, what change needs to happen in order for me to prosper.

When the answer comes, and it will, that is what you want to really think about during those times just before and after sleep. This will replace those old self sabotage programs that fire off and set you back effortlessly.

Tip #5

Live out your change! Once the change is in place it’s simple, live out the change. You don’t have to live in fear. Have a little faith, and let the change happen.At this point it should be automatic, without much effort at all.

Prosperity begins on the inside, and you can Create Prosperity Without Money. It’s pretty simple!


Overcoming The Fear Of Money


Many people, it seems, have a fear of money. Does the thought of having a lot of money make you uncomfortable? Cause you anxiety? If so, it may be that you are buying into the myths about money. Myths that are simply untrue. In fact, many of the most common statements about money are often misquoted, wrong, or were made by people who did not understand money … or had none.

Let’s look at a few of the myths about money …

“Money is the root of all evil”

Everybody has heard this one. Unfortunately, it’s one of the most famous misquotes of all time. The original quote comes from the New Testament and the correct quote is “the LOVE of money is the root of all evil”. The love of money is an obsession and thus the true quote warns of the potential corruption that can derive from a love of, or obsession with, money (or any unhealthy preoccupation).. The fact is that money itself is neither good nor evil. It is neutral. Money can be used for good or it can be used for bad. How it is used is a choice, and the choice of how to use money is in the hands of he (or she) who controls it.

“Money is Power” (and Power corrupts)

Money itself has no real power. For instance, if you were legally given 10 million after-tax dollars in cash, put it in a safe deposit box, never touched it and never told anyone you had it you would have no more power than you do right now. The power of money comes from the use (or misuse) of it or the perceived benefit or threat by others. The money itself does not generate any power; it has to be converted into power. And whether or not you wish to convert money into power is a choice. And if one decides to convert money into power that power may be used for good or for evil, depending on the character of the person with the money.

“Money will change your life”

Let’s hope so! Used wisely, money can greatly ease many of life’s burdens and greatly enhance one’s life. Or, if you have a weak character, choose to live in fear and worry, you can let money make you miserable. It’s not the money, it’s YOU. The important thing to realize is that you get to control the money, it doesn’t get to control you. Want proof? Here’s how much actual control you have over your money – in the extreme, you can always give all the money away – and be rid of it. Just like that. You can give it all to charity, you can throw it out the window, you can walk down the street and hand it out. You can burn it all. It’s yours and you can do whatever you want with it, including give it away. Gone. You can make it all disappear if you choose to do so. That may be a stupid choice but that choice is always yours. That’s the ultimate power you have over your money and it rests in your hands. Money doesn’t ruin or change your life or change you or take control over your life. Unless you let it. And since you have the ultimate power to get rid of it why would you let it ruin your life?

“Money can’t buy you happiness”

This is true – if you are not happy to begin with. However, if you reasonably well-grounded, have a good value system and a little control over yourself money won’t hurt you either. Contrary to popular wisdom, money and happiness are not mutually exclusive. In fact, money can greatly enhance the security, independence and well being of your life, your family’s life and the lives of people you care about. Money can’t buy you happiness but happiness can’t buy you money!

To sum it up, the fear of money is often based on misconceptions. The truth is that money itself is simply an inanimate thing, doesn’t know or care who does what with it, has no moral or ethical value and is a necessary commodity to have in the civilized world. Money, in the hands of whoever has it, has the capacity for great good or great evil, depending on who is doing the spending. It is not money that should be judged but the character and actions of the person (or entity) who uses it.

Money is nothing to fear.


Conserving Energy And Saving Money


These days conserving energy is of global proportions. Not only are you helping the environment but can also save money with these every day little changes. Changes that may not even be noticed except on your utility bills, going down.

An energy efficient home can reduce your energy bills up to 40%. Yes 40%!


If you live in a typical U.S. home, your appliances and home electronics are responsible for about 20 percent of your energy bills. If you are looking to replace an appliance, check for the energy star rating. These appliances and electronics include the following:

Shake, Rattle & Roll

You can increase the efficiency of your washer & dryer.

  • Regularly clean the lint from your dryer. Use the moisture setting to reduce run time.
  • If you are looking for a new washer choose one with a front-loader. Front-loader models use 25% less energy than a standard model and use less water.
  • Use warm/cold or cold/cold cycle and you can save 10 cents a load.

Load IT Up

  • A dishwasher that is 50% full uses almost as much as a full dishwaser. Load it Up and only run your diswasher when you have a full load.
  • Air dry your dishes in the dishwasher

Is it OFF?

Turn off your computer and audio equipment at night….Hmmm is it really off? No, it’s not. Do you see all those little lights, the blue, the red, the light on your computer monitor? All these use energy. Use a power strip and really turn off the lights.

Drip, Drip, Drip

Does that dripping keep you up at night?

  • Repair leaking faucets
  • Install low flow shower heads
  • Install toilet tummy bags
  • Set your hot waterheater to 120 degrees
  • Keep your water heater warm and insulate it
  • Make sure all outside water sources are turned off
  • This will save you approximately $30 a year.

Keeping It Cold

  • A Refrigerator should maintain a temperature of 37 – 40 degrees
  • Choose a refrigerator/freezer with automatic moisture control
  • Placement of a refrigerator is important, is it in the sun?
  • Is the refrigerator pushed up against the wall, allow space so the compressor doesn’t have to work as hard.

Those Funny Looking Squiggly Light Bulbs

  • Replacing a single incandescent bulb with an energy-efficient compact fluorescent bulb (one of those “squiggly bulbs”) can save up to $50 over the bulb’s lifetime.
  • Don’t forget to turn the lights off when you are not in the room.

Turning UP The Heat

Heating your home uses about 38% of your energy, use these tips below and save money by doing it yourself.

  • Set your home thermostat as low as comfortable (65 to 68 degrees F is suggested) when the house is occupied.
  • Set back the thermostat by as much as 10 F at night or when the house is unoccupied during the day.
  • Set back the thermostat to 50 to 55 F when the house is unoccupied for over 24 hours.
  • Install a programmable thermostat to automatically provide the setbacks mentioned above.
  • Close the fireplace damper – except during fireplace use.
  • Reduce heat to unused rooms in the house – close doors and heat registers too.
  • Close curtains and shades at night.
  • Replace furnace filters once a month during the heating season.
  • Remove any obstructions and clean heating registers regularly.
  • Install insulating gaskets behind electrical outlets and switch plates on exterior walls.
  • Caulk and weatherstrip doors and windows.
  • Caulk and seal leaks where plumbing, ducting or electrical wiring penetrates through exterior walls, floors, and ceilings.
  • Coolin Down The Home Front
  • Open windows at night to bring in cool night air; close them during the day.
  • Close drapes during the day.
  • Shade west facing windows.
  • Draw cool night air into the house with a whole house fan.
  • Install an evaporative cooler.
  • Use room air conditioning only where needed and install energy efficient models.
  • Install a central system air conditioner only when whole house air conditioning is needed.
  • Maintain an air conditioned house at 78 F or higher.
  • Regularly change air conditioning system filters and clean the condenser.
  • Plant deciduous shade trees on the west and south sides of your house.

How much can you save? Check out the savings calculator.


ISO Certification – Hidden Revenue Streams For ISO Registrars

The problem:

Despite significant developments in the IT and Internet technologies, many organizations, including those of significant sizes, continue to use ineffective and inefficient paper-based processes for collecting and analyzing quality, environmental and other management systems data. Delays in availability of system performance indicators negatively affect management ability to make timely tactical and strategic business decisions. While there are numerous electronic and Internet-based solutions on the market offering computerized approaches to handling elements of and entire management systems, cost of such solutions is prohibitive for majority of small- and medium-size enterprises.

The solution:

A simple solution is to develop and offer a competitive and economical Internet-based management system application that provides an attractive margin for the provider registrar and measurable added value to the client.


An established registrar already has customer base with developed business relations, credibility and trust. Marketing and customer acquisition in this environment is expected to be noticeably more efficient than “starting from scratch” with a new product in the marketplace. Prospects may be offered a free trial period for 1 – 3 month. Client’s investment of time and effort to enter the data and high usability of the system will contribute to transitioning a trial user into a paying subscriber. 

Differentiation – unique selling points:

The following unique selling points of this service should be considered: low cost to attract and retain wide range of customers; possible consideration of “seat number”-independent subscription fees to simplify customer cost structure and financial planning; intuitive navigation to win customer loyalty; screen-specific recorded training sessions to reduce customer support costs.


To estimate return on investment (ROI) the following assumptions were made:

– Client base (prospects) – 3,000. This number is twice of the existing customer base and conservatively represents the number of locations that will have separate licenses;
– Customer acquisition rate per month – 1% of client base
– Subscription fees per location – $199.00
– Customer retention rate – 95% per month
– Development cost – $150-200,000
– Marketing, technical support and maintenance costs -$5,000 per month
– First year ROI for one module equals to 96%
– Breakeven point, based on the assumptions above, is reached on the twelfth month of operation for one module
– The second year ROI for one module, based on the assumptions above, equals to some 580%. 

Development and implementation strategies:
On the initial stage, one major management system module (such as documentation management or NC-CAPA) should be developed, validated and implemented. Initial module will include system administration, log-in and security features. Subscription services will be offered to the existing clients. Through the Registrar’s Website and Internet marketing this subscription may be offered to general public as well. While subscriber base growth for the first module, other modules such as calibration, preventive maintenance, training, auditing and others should be developed, implemented and offered to the clients generating additional revenues. Multi-lingual option may be developed to accommodate needs of non-English speaking customers.
Copyright Quality Works

Free IP Changer – How to Change Your IP


Looking for a free IP  changer  for your proxy IPS? If you use proxies, then one of the most troublesome things you need to do is to change or rotate your IP. Changing IPs can be a time consuming process. Some people simply manually type in their IP each time they want to change to a new one, but there are much faster ways to rotate your IP and save you time.

The first way you can quickly and easily rotate your IP is through the use of plug-in or add in web browser software. Firefox has a multitude of plug-ins developed by its community which are available completely free. Such plug-ins, once installed into your web browser, allow you to create a list of accounts or proxy IPs that you use. While surfing online you can rotate or change to a new IP in your list by simply selecting the new IP you wish to use from a drop down box. Within moments Firefox has changed the proxy IP it is using. This is a quick and simple solution if you are looking for a quick way to allow you to change IPs while surfing online.

If you have a large list of proxies or are looking for a more versatile proxy IP rotation setup, then you will need to invest some time and money into third party IP software. This software is specifically designed to manage the rotation of IPs. There are typically no limits on the number of IPs you can add to your list and they offer a versatile IP rotation rule management system. Beyond offering a standard manual rotation method as listed above, they also offer a rule based automated proxy IP rotation setup. IPs can be automatically rotated based on several rule based conditions. This might be time based, rotate an IP every 10 or 30 seconds, or condition based, rotate an IP when the current one stops responding.

If you want a free, quick and easy way to start rotating IPs while surfing online, then take a look to see if your web browser offers any plug-ins to manage proxy rotation. If you have a large list or would like a more flexible setup, you will need to spend some  money  on an IP  changer  software application.


Money Makes the World Go ‘Round – A Brief History of the PSAT-NMSQT


The PSAT/NMSQT is no ordinary standardized test. As the qualifying exam for the National Merit Scholarship, the PSAT/NMSQT is the Cerberus that guards the gates to a $2500 scholarship prize and a slew of other desirable benefits — a leg up in the admissions process, the prestige of being a National Merit Scholar, and sometimes even full scholarships to certain universities. When money is involved, the rules are different; when money is involved, everyone wants a slice of the pie. Unlike the SAT, whose changes have historically been content-driven, the PSAT/NMSQT, for better or for worse, has evolved around financial stimuli.

Act I: Introduction
The National Merit Scholarship Program began in 1955 as a privately funded academic scholarship program that rewarded outstanding scholastic achievement. In 1971, the National Merit Scholarship Corporation adopted the College Board’s Preliminary SAT exam (PSAT) as the qualifying test for scholarship consideration, and the PSAT/NMSQT was born. On that glorious day, the sky blazed a brilliant, blinding cobalt, alight with the glorious furor of the heavens themselves as they descended to earth to bless the birth of the chosen test.

Act II: The Asian Invasion
For about ten years, the PSAT/NMSQT lived a quiet, simple life. But the world was experiencing sweeping economic and societal transitions, and our hero soon found itself being swept away with the tides of change.

Between the end of World War II and the early 1980s, Asian immigration into the United States exploded. During the Space Race of the 1960s, America, led by a youthful and charismatic President Kennedy, made its technological leaps and bounds into space, and the United States’ land of opportunity became especially fertile, attracting immigrants from all over Asia, including India and China. The US even recruited foreigners — going so far as to increase immigration quotas for people with advanced degrees in math and science. Indian people, soon followed by the Chinese, rushed to apply.

As Asian immigrants began settling into American life, their children started making their way through the school systems. Eventually, these children of immigrant families — who just happened to excel at math — began taking the PSAT/NMSQT, and, despite oft-substantial disadvantages in the verbal section, they would perform well enough on the math section to warrant scholarship consideration.

Coincidentally, around this time, the College Board decided to give the PSAT/NMSQT a face lift to raise its total score from 160 to 240 — by counting the verbal score twice. As you might imagine, with this change, getting a qualifying score became significantly more difficult for a certain group of individuals. No changes were made to the format or content of the PSAT/NMSQT — both the length of the verbal section and the difficulty of the questions remained the same. This change put certain ethnic groups (guess which ones) whose primary language may not have been English at a disadvantage for National Merit consideration. Luckily, this scoring system didn’t last forever; in 1997, a different group of individuals took issue with the PSAT scoring system and instigated a revamping of the test.

Act III: A Woman Scorned
In 1994, The National Center for Fair and Open Testing (FairTest) filed a complaint against the College Board and Educational Testing Services, accusing them of illegally discriminating against women. Statistically, males outperformed females at the time on the PSAT/NMSQT, and FairTest claimed that the cause of the disparity was the test format, which was allegedly skewed in favor of male students*.

As a result, in 1997, the PSAT/NMSQT went under the knife for some more work, and when it emerged, the verbal score no longer counted twice; instead, the College Board added a writing section designed to address the test’s bias. Statistics indicated that women traditionally outperformed men on writing tests, so the addition would supposedly help mitigate the inherent bias of the exam.

At the time of the complaint, both the PSAT/NMSQT and the SAT consisted of only two sections, math and verbal. Both tests were similar in format and contained similar problems created by the same people, but the PSAT/NMSQT was the focus of the complaint. The PSAT/NMSQT is directly connected to money, so it naturally took precedence over its sister test. But this isn’t necessarily a bad thing. Regardless of what — the test’s merit or the scholarship money — actually motivated FairTest’s complaint, the result is a more balanced test that more equitably awards scholarship money to promising young students of both sexes each year.

Act IV: Conclusion
Money changes the game. You can take that to the bank. The PSAT/NMSQT flies under the radar of many high school students and their parents, but why? As the segue to a nice scholarship prize and a number of other great perks, it’s no wonder people are so up in arms about it. Shouldn’t you be, too?



How Forex Trading Can Change Your Life


Forex trading, or foreign exchange, is a market in which currency is changed from one type to the next in the hopes of making money off the trade. In fact, forex is the world’s largest market because of just how much money can change hands here. Who can do it? How can you get in? And, can you really make a good sized investment off of this type of trading? It almost seems to simple, doesn’t it? But, the bottom line is that through forex trading, you can make a good sized fortune. You’ll still need experience, education and a little luck but maybe not as much.

Who Can Play The Game?

First forex trading is anything but a game. In fact, people are making hundreds of millions of dollars off of it each and every year. There are big bucks to be made. As for who can get into it, this trading is open to virtually anyone. In the grand scheme of things, though, it is mostly played by central banks, larger banks, currency speculators, governments, international and multinational companies as well as others. Small investors and speculators often can be involved as well. Most of the time these individuals will use brokers to handle their investment strategies.

Because forex trading can actually be done by anyone, it allows for small investments. This is one of the large benefits of forex. Virtually anyone can invest and you don’t need a lot of money to do it. Of course, trading with more can lead to more money as well. It can be wise though to go in on a larger trading scheme, through a broker, because these companies can pool together funds for larger, more lucrative investments. Yet, there is a fee involved in it as well.

What Makes Forex Trading Unique Though?

Why not just invest in the stock market or other investment portfolios? Why should you invest in forex over other types of trading? There are several characteristics that make forex unique and these contribute to why many individuals go through this type of investment.

  • Markets are always open. Being able to trade anytime, except weekends, makes this trading market very available to anyone, in any country around the world. You can go to bed at night with nothing and wake up to a huge difference in your investment.
  • The volume. The market is so large that there is quite a bit of volume available through it. This makes it very easy to get in and very easy to actually make a good deal of money as well.
  • Liquid as water. There are no assets, no worries about how well the company is doing. Through forex trading, the funds that you invest are liquid. You can cash them in at virtually anytime. If you are working through an investment firm, it may be harder to liquidate them, but typically funds can be turned into cash quickly, far more so than other investment strategies.
  • There are also a wide number of factors that contribute to the market trading foreign exchange rates. These are the value of the currency that you have in your hand. For example, if you would like to invest in Russian Rubbles, the demand for the Rubble is dependent on the value of that money in relation to other currencies, in relation to the economic and other factors within the county as well as speculative rates as well. What makes rates change can include a simple disbelief in the government, a national announcement of good economic times ahead and hundreds of other factors.

The value of the forex trading market is huge. In fact, it is estimated that the market has over 2 Trillion United States Dollars worth of currency changes happening each and every day the market is open. This large amount of money in the trading environment is what makes it such a lucrative and worthwhile investment for many people.

Getting Started

How can you get into this? How can you make the money that all of those other guys are? You’ll find most of the help that you need offered to you on the web. There is a wide range of programs through brokers that can help you. Firms are willing to work with virtually any individual, corporation or small business that has any size monetary value to invest. Contracting with a broker for a small investor is the ideal way to go. Forex trading can be a lucrative market, if you get into it. It can then literally change your life.


Foreign Currency Trading – How Forex Traders Make Money


You may have heard of foreign currency trading and wondered what it is and how it works. Well, foreign exchange (often shortened to forex or simply FX) trading is a way of making money from investment in money instead of stocks. Forex traders make money from the fluctuations in value of the different world currencies. These values are constantly changing and a trader can make money by buying a currency when its value is about to rise, or selling one whose value is about to fall.

How Money Is Made

At a very simple level, imagine that you used some of your investment fund to change US dollars into euros. You might give $100 to buy 72 euros. Then the value of the euro increases (or the value of the dollar falls) and you change them back. Now with the new rate you get $102 for your 72 euros. You just made $2, which is a 2% return on your investment.

Forex traders make money by doing this kind of trade over and over. Most traders would make many small trades, probably several in a day. They use margins so that they can control large amounts with only a small investment. $100 in a mini forex trading account will often allow you to control $10,000, that is 100 times your investment. The broker covers the rest because he knows that the market is unlikely to change by more than 1% in a short time.

A Global Market

Foreign currency trading happens all over the world. Because it operates in many different time zones you can trade 24 hours from Monday through Friday. The market opens in Sydney, Australia first and moves west as each new time zone’s business hours begin. By the end of the business day in the US, the Sydney market is reopening for the next day.

You can trade in any currency, too. You are not restricted to your own country’s currency. So if your national economy is unstable, you can trade other currencies instead. It is usually better not to get involved with currencies that are very volatile. Forex is always risky and dealing with unstable prices makes it more risky still.

Foreign Currency Trading For You At Home

While the markets are still dominated by the major banks, more and more home investors are getting involved in forex trading because they want to make money from home. Brokers are responding to this demand by offering mini forex trading accounts where you can get started with just a few hundred dollars. They give you access to the programs that let you handle trades on your account through the software on their website. They also give you up to date market information including charts that will help you track and hopefully predict the direction of the price movements.

Money changes hands so fast on the currency markets that your money will never be tied up for long in the way that it could be with some other types of investment. Costs are low, and you are always in control of your account.

So what do you need to get started? A computer with a high speed internet connection, time for your trading and some money that you are willing to risk. Good money management skills are useful: you do not need to be a financial genius, but it helps if you can at least balance your checking account. You will also need a profitable system which you can apply manually or a forex robot to trade for you. With these in place, foreign currency trading can be very profitable.