Your Questions About Successful Trading System

Chris asks…

What can I do in high school to become a successful lawyer?

I really want to major in criminal law. I know that it will be really hard and a lot of work but I’m determined to be able to make a difference in people’s lives. But I know that it is a tough and competitive field and I was wondering what I could do in high school to get ahead and be accepted into a good University, and then later on, Law school.
(Besides the obvious such as getting good scores on my LSATs).
Thanks so much for the help!

John answers:

Debate Team-hands down the best experience.
Get great grades in social studies and civics classes and find summer work at a law firm or in the court system. Get in touch with a judge and let that person know that you are looking for a mentor. Also find a lawyer who went to school where you want to go to school (colege-I mean) and ask if you can shadow the person – you can trade clerical duties for their expertise.

All my best.

Carol asks…

Can you really make money trading Forex?

They say you can make money trading currency but so far every time I try I lose. How can you make money if half of the time they are going uP and the other half dowN?

With a 50% chance you always end with the same amount of cash.

John answers:

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:

Ken asks…

what does a country need in order to run successfully?

i am doing a budget project and I am allowed to spend 100 million dollars on things like my new country’s education, military, and such. What are the essential things I would need to have a successful country.

John answers:

Developing a new country from scratch is an incredibly expensive and expansive project. Let’s see if I can hit on some of the main things it would need to get started.

First, an agricultural system would need to be set up in order to start off the economy and supply the nation with resources and supplies to trade. A basic education would need to be started off, mainly vocational so that the country can build up its working force. A healthcare system would need to be implemented, along with a tax system. Depending on the type of government you will choose, voting opportunities may have to be set up across the country. A law enforcement group would need to be started, both a military to protect from outside forces and a policing force to enforce domestic peace.

Along with all the setting up, it would be very useful to start trading with other nations as soon as possible. Politically, it would be incredibly wise to openly support a large nation that would return the favor and give your new state some political, financial, and possible military backing.

Last but definitely not least – build an infrastructure. Plumbing, architecture, and transportation should be one of the most important priorities, as they increase sanitation, support against natural disasters, and promote the economy. Although the most useful, an infrastructure will also be the most difficult to set up.

Hope I helped! Good luck!

John asks…

whats the best place to trade the forex markets?

A representative from iforex called me and sent me some information. I want to get into trading forex but am new to it all I am a quick learner is it worth doing as a hobby?

John answers:

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:

Helen asks…

I wanna be a phlebotomist how long does it take?

I live in florida, but i live 20 mins from alabama and the college there is offering phlebotomy classes,and im really interested . The councelor said it would be 2 semesters so,about how many months would that be for college? Also how much do phlebotomists make in florida? Is it a good trade?

John answers:

I am a Medical Technologist and manager for a large laboratory system responsible for over 100 phlebotomists. DO NOT waste your time and money on a 2-6 week course. These are programs designed to make money for the schools and they care nothing about training people to be good phlebotomists. Most of the time we will not even interview new graduates from these short term programs because the students cannot possibly learn the skill that quickly. Make sure the program you choose is NAACLS accredited. (You can check by going to naacls.org). Also, it’s best to get certification via American Society of Clinical Pathology as a Phlebotomist … PBT (ASCP). Check out ASCP.org.
In addition, most hospitals now consider professionalism and positive attitude to be just as important as skill in phlebotomy.

There are, however, some hospitals who may be willing to teach you phlebotomy skills…they are few and far between though.

If you like patient contact phlebotomy is a good place to start. It is an area of medicine that is underpaid and under appreciated. The other answers given here are somewhat reflective of that point. They minimize the importance of comprehensive training. I can tell you that failure to properly collect and label a sample can cause injury or death just as easily as administering the wrong medication or turning out wrong results. I can also tell you that a poorly performed venipuncture can cause temporary or permanent nerve damage. You can’t learn that in 2 weeks. I’d like to speak to the point the one gentleman made that they taught him in two weeks in his Med Tech program. That is true…however, he was taught many things in other areas of his classes that pertain to phlebotomy that cannot be taught in a 2-6 week course. We have a Med Tech program in which I teach phlebotomy…. We require a minimum of 100 successful sticks to pass. The two short-term programs in our community require 25 to graduate. How prepared do you think these folks are? I hired a couple when we were in a pinch…. It was NOT a good experience.
Patients deserve and expect properly trained professionals to provide every aspect of their care and physicians rely on and demand the quality that can only be provided with proper training.

Phlebotomy can be very rewarding and in many settings the phlebotomist is regarded as an important part of the medical team.

By the way, it is National Medical Laboratory Week…… Thank a Pathologist, Med Tech, Phlebotomist, Cytology Tech, or Histology Tech today!

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