Invest money

The debt-snowball method of debt repayment is a form of debt management that is most often applied to repaying revolving credit like credit cards. Using the traditional method, extra cash is dedicated to paying debts with the smallest amount owed. An improvement of the method will use the extra cash to pay debts with the highest interest rate. So which is the best?

Paying debts with the smallest balance will make you clear your debt on lower balance faster. This can boost your morale in debt elimination process. The second which pay the highest interest rate will make the debt paid slightly quicker and you will have more cash in the end. So for me paying the highest interest rate is better.

Today last eight trading is very successful. I have 28% return today. I win 7 trades from 8 trades. Do you think that is lucky?? No!!! Luck will come when you are prepared. Learn from my forex strategy. Remember forex trading is very dangerous. Do it on your own risk. I’m not responsible for your loss. Here’s my trading result today.

If you are ready to trade, or want to try virtual trading. Try Etoro. They are great for beginner, because they have great user interface.

There are a lot of chart patterns that you can learn out there. There are so many of them. Some which I think is well known are:

• Hanging man
• Shotting star
• Inverted hammer
• Bullish and Bearish Engulfing
• Bearish and Bearish Harami
• Pearsing Line
• Dark cloud
• Abondoned Baby
• Three White Soldiers and Three Black Crows

There are so much of them. How would you be able to master all of them? Trading should be simple right? They should be, so I created my own rule, which is quite conservative. Here are they:

Enter Buy position:

• Break resistance.
• Bullish Engulfing, when the white candlestick body is much bigger then the previous black candlestick body.

Close the Buy position:

• Price is near the next resistance. I better quit near the next resistance because you wouldn’t know what will happened. It’s a 50:50 change, so I better close my position.
• Candlestick closing price is lower than previous candlestick closing price.
• Long upper tail, because this is signs that traders are pushing price lower.

Enter Sell position:

• Break support.
• Bearing Engulfing, when the black candlestick body is much bigger then the previous white candlestick body.

Close the Buy position:

• Price is near the next support. I better quit near the next support because you wouldn’t know what will happened. It’s a 50:50 change, so I better close my position.
• Candlestick closing price is higher than previous candlestick closing price.
• Long lower tail, because this is signs that traders are pushing price higher.

Leverage can make you profit fast but also can make you loss quickly. Professional forex trader, always know how to manage leverage. You shouldn’t take high leverage in your trading. If you are wrong, then the game will be over. Leverage will affect your result the minute you enter your position. Because of the spread (bid and ask level difference), you might instantly loss 6% if you are highly leveraged. If one pip worth 2%, the the 3 pip spread will cause you to loss 6% from the beginning of the trade.

In eToro that I’m using, you can set the risk level you are willing to take. The more risk you are taking, the more leveraged you are. In eToro, I use the “X100” risk level.

And here is today’s trading result:

Today I can gain around 6%, which is very good. If you multiple this with 22 days. You will have 132% per month. Well I’m quite happy with 50% profit per month. Happy trading guys.

1. Don’t panic. The first thing you should do is not panic. By panic, you are making things worse. This is not the end of the world. Business activity, stocks, and real estate will all bounce back eventually.
2. Save money. You can save in many areas like entertainment, Food and drink, and travel. You can find out 100 ways to save money here.
3. Hold More Cash. When things get bad, cash is king. Cash is a lot safer in these days. Get your cash position to at least a year’s worth of living expenses.
4. Manage your debt. Examine your short-term liabilities. Cut your debt especially with high interest rate. You can also refinance your debt, because in recession, interest should be low to spur growth. Thus you can switch from high interest rate to lower interest rate.
5. Work harder and effectively. Take on more responsibility on your job. Not only this can help your company, but you can also show your boss that you are worth ed. You can also help cost saving for your company.
6. Buy books. If you are fired, you should have more time. Spend this time by reading books that can increase your skills, like negotiation skill, marketing skill, and other skills that you need. Buy reading books, you can also get new ideas for your job or business. These ideas are crucial in bad times. Lots of company survive the recession by having innovation. Here’s a nice book. It teaches you how to ride out a recession.
7. Invest. According to Bloomberg, the S&P 500’s valuation is less than 15.5 times reported earnings on January 13, the cheapest level since 1991. That’s why I’m buying. You can start with Jim Cramer’s recommendations. He host his own television show on CNBC, Mad Money with Jim Cramer, which features his opinions on stocks.You might want to try forex for alternative. Keep in mind that forex is more dangerous than stock. If you want to try forex, you can join eToro. Their user interface is great for beginner.
8. Build your own business. If you loss your job during the recession, it might be time to build your own business. As Robert Kiyosaki said, if you want to be rich, don’t work for other people. You can start doing business online, because it is cheaper. Don’t know where to start? Try Key Avoy’s SiteSell, it will help you create your website and promoto your website.

Candlestick charts shows sets of data consist of open, high, low, and close values of each period. The hollow and filled section is called “the body”. The lines above or below “the body” is called shadows or tails. If the stock is closed higher than opening price, then a hollow candlestick is drawn. In addition, if the stock closed lower than the opening price, a filled candlestick is drawn. In a hollow candlestick where closing price is higher than opening price, the lower body slows opening price and the upper body shows closing price. In a filled candlestick where closing price is lower than opening price, the lower body slows closing price and the upper body shows opening closing price. Hollow means stock up and filled means stock down.





Various variation of candlestick are:

• Marubozu is a candlestick that shows the high and low price represented by open and close price. When closing price is higher than opening price, then closing price is equal to high price. In addition, when closing price is lower than opening price, opening price is equal to high price. This candlestick indicates that the buyer controlled the price action from the opening to the closing.
  
  
  
• Doji is a candlestick that shows the same opening price virtually equals to closing price. This pattern is a neutral signs, thus need future confirmation.
  
  
  
• Dragon fly doji is a candlestick which shows the same open, high, close price. This pattern shows that seller dominated trading at first that drove the price lower. However, buyer then dominated the trading makes the price back to the opening level. Dragonfly doji can show early signal of bullish reversal (upward reversal).
  
  
  
• Gravestone doji is a candlestick which shows the same open, low, close price. This pattern shows that buyer dominated trading at first that drove the price higher. However, seller then dominated the trading makes the price back to the opening level. Gravestone doji can show early signal of bearish reversal (downward reversal).
  
  
  

  Want to try forex trading? Try eToro. You will get $25 for $100 deposit.

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Today I started trading when the currency starting to move in big numbers, maybe it’s because the current US job losses. Any way, I have manage to ride the trend gaining more than 50% in one trading. I traded four times using eToro. Today’s result: $39 profit from $250. More than 10% profit. Here’s the screenshot.

Buying your home is a lot of fun, but can also have a great deal of stress. Here are some things to consider when searching for the perfect property for your family:

• Ask a property agent to help you find the home that you simply cannot see your family living without. When you are interviewing agents, make certain to ask about his fees.
• Think first how much is your budget, house specification like the number of bedrooms, bathrooms, or backyard.
• Find out your target house neighborhood. Check if the area is growing or not, the crime rate, and distance to public area like schools, and mall.
• Before you buy a home, you should always have it checked for termites.
• Never offer the asking price right away. Offer something a little lower and allow some negotiating room.
• When you look towards a home purchase loan, you’ll need to fully understand the interest rates. You should do research on different financial institutions because rates can be different between them.  If you choose a longer period, usually your interest rate will drop.
• Find pre foreclosures house, which the owner has no choice but the sell the house, and therefore will listen to just about any offer that he receives. Due to this very reason, you can find pre foreclosures for sale. This is an ideal time to purchase, especially if you are looking to save a lot of money.
• If you do not have the skill or time to check for your target house, you can hire a real estate inspector. But surely this will cost you. They can know problems on the property, thus you can address the problem before it turns out worse. They can also sheds light on the amount of money that will be needed in order to get the house in good working.