Does the forex trading software like “forex tracer” really work to trade and earn money?
If anyone here use this “forex tracer” system and please tell me your good and bad experience related to it.
Here’s the truth: If you want to become a successful forex trader, you must…
1) Always stay humble – Realize that at any given moment, you have the capacity to do serious and permanent damage to your forex account. In the blink of an eye, you can and will have your account wiped out if you are an undisciplined trader.
2) Limit your risk – Proper money management is the key to the long term survival of your account. Only risk a tiny percent of your account on any given trade( I usually risk 1-2% on any one trade). I recommend stop losses at all times.
3) Never be greedy – Always take small gains and small losses. With discipline and training, you can easily learn to be profitable with a 50/50, or even lower, win/ loss ratio.
4) Invest in your forex education – Learn to be a good technical trader. Study pivot points, support, resistance, and trend lines. Through my own forex training, I’ve learned that all of the “get rich quick” systems and strategies will work one day, and not the next. Some are designed for trending markets while others work when the currencies are trading in a range. I’ve seen many accounts blown up from using a system that was touted as the ‘latest and greatest’.
There are quite a few forex training courses on the market. I’ve studied and reviewed many of them. As a matter of fact, I just finished studying a course called “Forex Commander” , which cost me $2000. There was a lot of great information in that course, but I still felt $2,000 was a little pricey.
I’ve reviewed a couple of my favorite forex training courses at my site listed below. I also talk about how I lost $10,000 one time in less than 24 hours. It was a learning experience for sure.
Hope this information helps,
Is forex trading a safe way to earn lots of money?
Recently i’ve seen so many sites that speak about forex trading and brokers and so on. I saves a bit money and i was thinking to start trading forex and double it. Please i need some advice. Preferably someone who has past experience with it. Is it a good or bad idea. Please advice
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.
Forex is similar to what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap,com/q2347.” The “q2347” is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347” gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
What signs of decline were evident during the time of Diocletian?
What signs of decline were evident during the times of Diocletian and how successful were his attempts to prevent further decline?
The biggest decline at the start of the reign was the collapse of the economy and monetary circulation/coinage in the system. Roman Empire have never recovered economically into the economical development of the earlier era and the long distance trade declined. This had a profound effect on the overall economy when each region started to depend on local production and was not interested in trading with trade in uncertain, worthless currency. Diocletian and anyone of his time were not aware of the economical relationship in the society, so as the state become more heavily centralized and bureaucracy expanded, the government attempted to control all the aspect of the economy. People were told what trade they can do, what prices can be set for goods, and what wage have to be paid to do so. People of course did not want to do work, and could not choose their profession, so they attempted to run out from it. Goods could not be produced below production cost and sold for set price, therefore it became scarce. People did not want to work for wages set by government. The entire economical production had collapsed and paved to way to feudal economical system. For example in large part of the Western Europe, agricultural land was abandoned well prior the invasion of the barbarians, and the decline of the countryside had profound effect in agrarian society (Roman Empire was agrarian state), and its taxable income. Diocletian reforms were unable to change the decline of the empire, but his reforms at least postponed the collapse for another 200 years. Also his policy set up foundation for future medieval economy.
Why do conservatives think private enterprise is a giver when by nature its a taker?
Private enterprise is motivated by profit. ie. a surcharge above the cost of doing business. All it is is private individuals and groups are permitted to use part of the wealth of the nation on a temporary basis in pursuit of profit for themselves.
That’s how it works. If all wealth is derivative of natural resources and human labor, and its the wealth of the nation that’s used for private gain, and the resources of the State are used to facilitate the successful use of that wealth and the success of the user, then why why why is it wrong to apply some ground rules or apply a tax on the surcharge as a means of paying for the needs of society?
Your first error is your belief that the nation owns the wealth. It doesn’t, unless it is an authoritarian tyranny.
Your second error is that you are looking at only one half the equation – what the business gains. You fail to notice or evaluate what it is trading in return for that revenue.
That private enterprise is providing a good or a service in VOLUNTARY exchange for the money from its customers. Voluntary exchanges tend to have the effect of benefitting BOTH parties, in that each is getting what it considers comparable value from the other.
You also neglect to consider that the good or service provided can also increase productivity of the customer, or reduce their costs, or reduce their material or energy needs to accomplish the same task.
You also fail epically to understand that wealth is not a closed-system zero-sum equation where gains by one person equates to losses for another. This is demonstrably false, and has never been true in any economy in human history.
There are also the fact that in many cases, a percent of profits are put back into the business – expansion, upgrades, R&D, etc. For a public corporation, profits are also distributed to shareholders, which include individuals, mutual funds, 401ks, IRAs and pension funds for unions.
On a human nature level, if the individual or group gets no benefits from their enterprise, then there is no much motivation to continue. Most businesses are build when one person or a small group of people are willing to invest time, money, energy, etc into creating something bigger, and the expectation that they should benefit more than some shlub who shows up asking for a job and punches in for 8 hours 5 days a week.
how does recruitment agency work? Can someone share how the system work?
How they charge? How they operate? What about headhunter?
how does recruitment agency work? Understand that emplyer have to pay them a certain sum of money for every successful placement.
Basically, employers contact them so they dont have to advertise and go hunting. You put your name and experience forward to them and they fit you into a job at the moments notice that suits you. You get paid direct by the employer every week. You get standard wages for that trade or professional job. You are a fill in or a temp for a few weeks or months and if you are good and you like what you are doing they mostly ask if you would like to stay and then they put your money as you have been reliable. Employers need people on the day and they rely on agencies to have someone at a moments grace. The recruitment place gets probably just as much as you for an hour as they charge you out. But when you have done your time with them they set you free with the crowed you are in and thats why your money goes up. There are hundreds of jobs and if you are not happy move to the next one. Good luck
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