What is a good trade for a young mom to get into?
I work as a nurse aide at a nursing home, make good money, but definitely want to do something more with myself. I am a young 21 year old mom and want to begin by saying I have no interest in any career in nursing, child care, and anything as an assistant. I am talking skilled trade. Unfortunately I don’t have the option of not working/not being paid so one with the potential for a paid apprenticeship would be preferable, if at all possible. Serious ideas please. =)
Well I think you should look for skills that will give you the potential to become more successful/independent later on in life. For example, earning a cosmetology license gives you the opportunity to begin working as a hairdresser. But, this means that you could eventually open your own salon and become a business owner whereas becoming some sort of assistant might not have the same possibilities. Other career fields with this potential include culinary, or maybe becoming a decorator/painter (of houses). I know that becoming a funeral director usually only requires an associates degree and can be a very stable, even lucrative career. All of these will require some sort of training,investment but it would be relatively short and pay-off in the long run.
Hope this helps a little!
What are the economics reasons why a country maybe successful at exporting?
Hey, I am currently doing some AS Economics homework and the questions asks “What are the economics reasons why a country maybe successful at exporting?”
At the moment I can only think of devaluing the currency (thus making exports cheaper)
I only need one more economic reason…any help would be greatly appreciated
There are none.
Every country has a comparative advantage in something
so it is not strictly economic factors that determine how successful a country is at exporting. It is much more a political, social, and cultural question.
Thus, for example, imperial China did not want to trade much with Europe.
Trade blooms in times of peace. When neighboring countries are continually at war, trade is going to suffer.
Consider the U.S. Embargo of Cuba and North Korea, and earlier embargoes of other countries. Or less extreme protectionist measures such as high tariffs and low quotas.
The most important contribution the Mongols made to encouraging trade along the Silk Roads was?
The most important contribution the Mongols made to encouraging trade along the Silk Roads was
A. building a permanent road.
B. providing security.
C. building permanent inns for travelers.
D. lowering taxes for merchants.
Oxymoron question. Mongols did nothing for encouraging trade, they destroy it. It would be the same to ask, what communists did for the development of the capitalistic society. Mongols destroyed all trade cities between Carpathian mountains and China and the societies along the routes NEVER recovered from it. Kiev was main opening route for caravan trade between Central Asia and Europe, but after sack of Kiev, there as NEVER another caravan route. Genoans tried to open another route later in the Black sea, but they never were successful. Also you can check on coinage circulation between Europe and China. Before Mongols invasion, European silver circulated widely in Central Asia, Bohemian, Saxons, Hungarians, Vikings coins are found everywhere as far as Caspian sea, but not after 1240.
There is only common saying that Mongols provided peace and security, so travelers could travel far, but this is only valid to certain degree. Mongols did not allowed subjected nations to attack their men, because revenge and extermination was a rule of law, but Mongols were known sizing merchandise from sellers per will. Plus they lacked silver, which was one reason for pushing a paper currency that nobody wanted. This was not encouraging a trade. During Mongol empire, there was no significant economic trade post anywhere between Europe, Middle East, and China.
Why has China been so much more successful in the modernization process than Russia?
Deng Xiaoping was quite successful in reforming the chinese economy and remains a crucial part of why China has reached where it is today. However, Russia on the other having pretty much a similar political structure has failed to reach that std despite its many attempts at modernization.
Actually the Russian economy is fairly modern in it’s own sense; the Chinese do command a larger cheap labor pool and produce many low cost goods that find their way to their most prominent trading partner, the United States. The reason you do not see so many products stamped ‘Product of Russia’ is because they are not a major trading partner with the U.S., they do however export quite a bit to Europe and the Middle East. The Russian economy does however rely heavily on natural gas and oil exportation as they provide many of the resources that power Europe. The Russians also manufacture weapons and other heavy industrial exports. I would not say that Chinese economy is any more modern than the Russian one, just different.
If I want to get into Trading what should my first steps be?
I am interested in beginning a possible trading career and/or hobby. I am graduating from Penn State in May and would like some advice on possible routes I should be pursuing.
Given the technical nature of trading I was also wondering if I should be taking some Econometrics courses (ie. Cross-Sectional and Forecasting Time Series)
Any advice would be wonderful. I began by reading books and plan on continuing to do so, any book suggestions would be great also.
Try to learn why 90% of all traders fail.
“Which Is Better, Buy-and-Hold or Market Timing?”
“Do You Have What It Takes to Be a Market Timer
The Beginner’s Bible in Technical Analysis is:
Edwards & McGee”Tech. Anal. Of Stock Trends”
Droke, ClifTechnical Analysis Simplified
Kahn, Michael N.Tech. Anal. Plain & Simple
Kamich, Bruce M.How Technical Analysis Works
Lefevre, Edwin – Reminiscences of a Stock Operator
Lofton, Todd – Getting Started in Futures
Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist
O’Neil, William J.How to Make Money in Stocks
Oz, TonyHow to Make Money From Wall Street
Rotella, Robert P.Elements of Successful Trading, The
Schwager, JackStock Market Wizards
Schwager, Jack D.New Market Wizards
Sperandeo, VictorTrader Vic-Methods of a Wall Street Master
Wasendorf, RussellAll About Futures
Slutsky, Scot and Darrell JobmanComplete Guide to Electronic Futures Trading, The
Extraordinary Popular Delusions and the Madness of Crowds” by Charles Mackay
The Intelligent Investor, by Benjamin Graham
One Up on Wall Street, by Peter Lynch
Common Stocks, Uncommon Profits, by Philip A. Fisher
Stocks for the Long Run, by Jeremy Siegel
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
Trading for a Living, by Alexander Elder
From Riches to Rags, by I.C. Freeley
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