France: the problem of the euro countries is the lack of rules of procedure

Paris, 26 December (EFE): said French Economy Minister Christine Lagarde said that the problem of the euro area does not lie in its currency, but the difference "excessive" among Member States, and the lack of rules of procedure.



According to Lagarde in an interview broadcast channel (Ieteli) television today that he was taking into account during the year that the problem is not the euro, which retained its value, but rather a "difference factor that has been tolerated far too within the region. "



For this reason, the French minister relied on "the need to develop a mechanism to assist and not for the solidarity with the struggling countries and be based on the principle of conditional aid so that every member of the reform of the shortcomings he has. "



Asked about the threat of war currency and how to face during the French presidency of the Group of Twenty, which began last month, Lagarde stressed "the need to not be vulnerable to manipulation of the euro between the Chinese yuan and U.S. dollar. " (EFE)

Oil-producing countries outside OPEC.

Possible to divide the non-OPEC countries to (a producer / importer), led by the United States, China, Britain and India, and to some extent Brazil. And countries (producer / exporter) of Russia, Norway, Mexico, Kazakhstan, Canada, Oman, Azerbaijan and other countries. During the past two decades, boosted some countries, especially Canada and Russia, Kazakhstan, Brazil, Azerbaijan, Sudan, reserves significantly, offsetting the significant decline in reserves of other producing countries such as Mexico, Norway and Britain. With the start of many projects, would increase supplies from Brazil, Azerbaijan, Kazakhstan and the United States and Canada On the other hand will continue production in Mexico, Britain and Norway declined.States (produced / imported) non-OPEC countries.Studies indicate that the reserves of the States (produced / imported) did not achieve any remarkable increase during the past two decades. Have stabilized oil reserves in the United States at about 21 billion barrels, while oil production fell to less than 5 million barrels a day. , While the consumption to 20.7 million barrels per day, and in 2006 Britain stopped exporting oil and turn it into a net importer due to the depletion of reserves in the North Sea fields. The production of Brent crude dropped to around 1.4 million barrels after it had been about 2.5 million barrels in 2000.China has produced a total of 3.3 million barrels of oil per day in 2008, mostly from fields in three decades, Daqing and Shengli, east China, and thus is ranked third after Russia and the United States within the producing countries outside OPEC. But China is the second largest consumer of oil in the world (7.3 million barrels per day) and is expected to increase imports of oil accounting for 70% of the total requirements compared with about 50% currently. China recently announced plans to explore 16 Petrolia field by the year 2015, the reserves may exceed 10 billion barrels. So as to compensate for the shortfall in their reserves, which fell to 16 billion barrels by the end of 2008. India has suffered from its part, some increase in reserves of nearly a billion barrels, while the consumption to about 2.6 million barrels per day, while Brazil has achieved some balance between production and consumption at about 2.2 million barrels a day, and increased its reserves since 1995 for up to 13 billion barrels. And discovered Brazil recently a number of oil fields, the huge superiority reserves are 33 billion barrels, and it will take to begin production about ten years if there is the huge investments necessary because of the existence of these reservoirs in deep water, which can reach its production cost to about $ 90 a barrel.States (producer / exporter) outside OPEC.In addition to the list of the ten largest oil-exporting countries, there are additional countries beyond the President of Argentina, Yemen, Gabon, Malaysia, Syria, Chad, Denmark. The major countries Vtaatsderha Russia, which is the second largest producer and exporter of oil in the world after Saudi Arabia, has been able to Russia to develop its reserves of petroleum to reach more than 60 billion barrels in the fields north of the Caspian Sea, Siberia, and on the supplies arrived in Russian production to 9.8 million barrels per day and exports 6.9 million barrels per day in 2008.In the neighboring countries made Central Asia States bordering the Caspian Sea, particularly Kazakhstan and Azerbaijan, a quantum leap in their reserves as much as 90 billion barrels, and production reached more than 2.3 million barrels per day, is exported more than three quarters of this amount through pipelines or tankers to refineries in southern Europe on the Mediterranean, and is characterized by the oil produced in the Caspian Sea that is a high quality and low specific weight and contains a small percentage of sulfur, due to high export dependence on domestic coal and natural gas as the main source of energy, particularly electricity generation.And occupy Norway and Mexico ranked second and the third between exporting countries outside OPEC capacity of up to 4.2 million barrels a day, but both countries have witnessed a significant decrease in the reserves and supplies, and some analysts expect the stop Mexico for export by the year 2015, the end of 2008, the exports of Norway to 2.1 million barrels, while the reserves recorded a decline to 6.7 billion barrels, but for exports to Mexico amounted to 1.6 million barrels per day, while reserves fell from 50 billion barrels in 1995 to 11 billion barrels currently.And Canada is at the forefront of producing countries - exporters in terms of reserves, which reached to 178 billion barrels, representing the oil can be extracted from the sands of oil about 95% of this reserve, and is concentrated mostly in the northern Alberta, and as a result of huge investment for a number of oil companies the world in the past the last, oil production reached from the sand to about 1.5 million barrels, was mostly via pipelines to nearby U.S. markets. According to the production conditions, it can cost up to draw oil from the sand to about $ 35 per barrel.For African countries, especially Sudan and other small-scale producers such as Gabon, Equatorial Guinea and Chad, the reserves increased significantly, but there are some technical and operational constraints to raise production, which does not exceed one million barrels per day.

Risk factors of investing in securities.

Perhaps the most important concepts, which means the investor at the foot on the employment of money is the return on investment and risk investment.What is the risk? The danger is if the decision where the decision to one of a number of possible results that are known to the potential of each. It is possible to define risk of investing in other ways. For example, the risk can be defined as the probability of loss. As well as the risk can be defined as the probability of getting a return on investment is less than the expected return. One of the best definitions of risk is viewed as a change in return on investment on the expected return on investment.But there are a number of factors that create the risk of investing in securities, and the factors are as follows:1 - the risk of defaults Default Risk.This risk arises from the deteriorating financial situation of the company issuers of securities and the stoppage of payment of financial obligations. May stop the company specifically for the payment of interest on the debt and repayment of debt. It can also stop payment of dividends on preferred shares, if any, and the deterioration of the financial situation of the company and the isolation of solvent down the value of securities issued by the Company. If it is not correct the financial situation of the company and the situation has been bad, this could lead the company into bankruptcy and liquidated if the value of the break is greater than its value as if it continued in operation. And distributed break-up value of the company usually according to priorities as follows: attorney fees and court costs relating to the question of bankruptcy, wages payable, taxes due, if any, creditors, attorneys general, preference shareholders, and finally the ordinary shareholders. If the value of the company remaining in operation greater than the value of the break, are the reorganization of the company to agree on a capital structure appropriate and distributed to creditors and owners. has become in such a distribution to creditors-general shareholders excellent, and the last two turns to ordinary shareholders. The ordinary shareholders may lose their ownership in the company in part or in whole. There in the sophisticated financial markets financial services institutions are constantly marking the quality of quality ratings for stocks and corporate bonds issued by companies such as Standard & Poor's standard and poors, Moody moodys.2 - the risk of change in interest rates.Affect change in interest rates on the prices of stocks and bonds in financial markets. For example, when rising interest rates in the market, bond prices fall because of the inverse relationship between the yield on the bond and the price of the bond. As well as rising interest rates to decline in stock prices. Rising interest rates also mean a rise in the rate of capitalization of property in the stock market that is discounted cash flow calculation for shares, price, and thus lower stock prices. On the other hand high interest rates makes bonds more attractive for investment due to higher revenues compared to mine-at least thus encouraging investors in the market to sell stocks and buy bonds and the result is a decline in stock prices.3 - change the status of the risk of the stock market.Changing market conditions, securities markets in general, expansionary increasing the values of securities in general and growing bull markets, to the markets of the deflationary decline in stock prices in general are going to decline and Bear markets. And track these changes in the stock market business cycles that affect the performance of companies. And carried out the performance of the overall market indicators to track stock prices.4 - the risk of merchantability.The part of the risk of investing in securities that may arise from a lack of liquidity and therefore some of the low usability on marketing. This means that you must pay brokerage commissions or high to give significant discounts to complete the sale. For example, there is no active secondary markets for some securities, which reduces liquidity (market), while there are active secondary markets in other securities make them very liquid (can be sold in the market at any time and at prices not much different from the previous sale prices).5 - risk management company.Supports the company's performance and therefore the prices of securities issued by it on the quality of decisions taken by the management company. The company, which managed to take investment decisions, operational and financing Kovh increase profits and grow as improving the value of its securities in the market. And vice versa in the case of the followers of non-Kovh policies in the management of the company.6 - risk of deterioration of the purchasing power of cash.Decline in the purchasing power of money as a result of monetary inflation. Known as inflation to rise in the price level. At any given time there are goods and services prices rise as there are other goods and services prices drop, this has nothing to do with inflation. But when there is a rise in the general price level, this is evidence of inflation, measured using the price index, retail or wholesale. And to determine the annual inflation rate calculated rate of change in the price index during the year. What matters to the investor when employment in the securities is the real return on investment and not a monetary return. Any return on investment after deducting inflation of it. The investor's goal should be to achieve rates of return higher than inflation rates in order to keep a positive real return.

QE enhance ascent up by 0.63%

Club Business and Finance - Doha: continued stock market celebrating the victory of Qatar bid for the World Cup to boost earnings by the end of trading yesterday after adding the index about 53 points added to score accounted for 0.63% up to the level of 8530.6 points, took control of green screens on the market from the beginning of the meeting to an end With the purchase of selectivity by individual investors on the leading stocks, and it was natural in light of activity witnessed by the market, increasing the area of green color on the display, as the prices of shares of 20 companies were down stock prices of 10 companies and has maintained contributed 11 of the previous prices.The session saw a relative decline in values and volumes to reach volumes by the end of yesterday's 16.77 million shares compared to 32.87 million shares at the end of the session yesterday, and record the market values of trading to 600.11 million riyals compared to 1.23 billion riyals yesterday I, as have fallen to the 6271 deal compared to 10,051 transactions.The daily bulletin of the Stock Exchange that the sector index banks and financial institutions, which has seen circulation of 6,000,017 thousand and 668 shares, worth 247 million and 701 thousand and 177.40 SAR as a result of the implementation of the 1849 deal, recorded an increase by 105.39 points, or a rate of 0.80 percent for up to 13 alpha and 243 points.And maintained by the Insurance sector, which has seen circulation of 182 thousand and 811 shares worth $ 14 million and 286 thousand riyals and 802.90 as a result of the implementation of the 143 deal, the height of yesterday by 121.02 points, or 1.75 per cent to up to 7 thousands of 44.59 points. The index of the manufacturing sector which has seen circulation of 2,000,635 and 445 thousand shares valued at 107,000,298 thousand riyals and 919.10 as a result of the implementation of the deal in 1314, up by 30.28 points, or 0.38 percent rate for up to 8 thousand and 53.14 points.As well as the services sector index, which has seen circulation of 7,000,940 and 841 thousand shares valued at 230 million and 832 thousand riyals and 712.55 as a result of the implementation of the deal in 2965, up by 27.91 points, or 0.51 per cent to up to 5 thousand and 495.96 points.And kept stock prices, the gains made over the previous sessions, where the elevated heights recent prices to the tops of price not seen since the more than nearly two years in the recovery's great liquidity, compared to months past, and issued share medical elevations including rate of 5.29% to reach Real rate of 9.95 volumes amounted to 440.05 thousand shares and $ 4.3 million riyals, followed by cinema gains 3.67%, bringing the rate to 31.1 riyals registered trading volumes to 4.59 thousand shares traded and the values of 142.83 thousand riyals.On the other hand fell stores including rate of 1.74% up to the price of 22.6 Real sizes amounted to 254.72 thousand shares and $ 5.79 million riyals, followed by increased loss of 1.43% up to the price of 62.1 Real trading volumes 450 shares and $ 27.94 a thousand riyals. For the stock active Al Rayyan Bank shares are issued where the total number of shares traded was about 3.156 million shares, followed by Barwa Real Estate the number of shares amounted to 3.058 million shares, shares of Doha Bank said the number of shares amounted to 1.726 million shares, Vodafone shares were traded 1.502 million shares, Finally, shares of Qatar Gas Transport have been trading on 1.434 million shares. and with a market capitalization at the end of the trading session 453 billion and 527 million and 440 thousand riyals and 986.25 versus $ 450 billion and 375 million and 297 thousand riyals and 883.

Dollar on the Verge of Reversal as the Intensity in Fed Speculation Eases and Earnings Heats Up Read more at: Forex

• Dollar on the Verge of Reversal as the Intensity in Fed Speculation Eases and Earnings Heats Up
• Euro Suffers its Biggest Decline in Two Weeks as the Dollar Perks Up
• British Pound Traders Prepare for Financial, Interest Rate and Economic Updates Next Week
• Canadian Dollar Little Moved by Manufacturing Sales Data but Upcoming BoC Decision is another Matter
• Australian Dollar will have to Pay for its High-Yield Appeal with Scrutiny over Risk Trends and the RBA
• Swiss Franc: A Safe Haven and Alternative as Reliable as Gold?

Dollar on the Verge of Reversal as the Intensity in Fed Speculation Eases and Earnings Heats Up
Perhaps a sign that the deeply engrained fundamental and technical trends are near a point of exhaustion, the dollar put in for its first advance in four days which also happened to be the biggest rally in over five weeks. That said, neither the benchmark currency nor the drivers that have put it into its tailspin have taken that critical step to confirm a reversal. For the greenback, we see that the trade-weighted index slipped low enough to test an obvious, rising trendline connecting lows from March 2008 to November 2009 and extending to 76. However, the subsequent reversal would fall short of breaking the consistent, descending trend channel that has confined the benchmark to a steady selloff that has held sway for more than a month now. Translating this performance to the majors, EURUSD would slip below 1.40, GBPUSD slid under 1.60 and AUDUSD fell 1 percent after nicking parity. And yet, all these liquid pairs are still under the stewardship of their anti-dollar trends. The same can be said of the benchmarks of the other major asset classes. The 10-year Treasury note is still holding up its steady six month rising trend (with support at 120), gold has yet to back of a pattern of acceleration into its record highs, and the S&P 500 continues to chug along.
This pseudo-bullish trend (pseudo because key safe haven securities are joining in the climb with their risk-based counterparts) is being fed by both risk appetite and Fed speculation. However, in Friday’s session, we can perhaps perceive a shift in influence between these two major catalysts. Over the past month, the fundamental interest has clearly centered on speculation surrounding the potential for the Federal Reserve to inject another round of stimulus into the US markets following the decision in August to put a floor under the current $2 trillion program. That being said, speculation can only reach so far before the market has priced in the more extreme scenarios and a reasonable level of fair value has been reached. As evidence that the influence of additional policy expansion has been accounted for, we saw Friday that Fed Chairman Ben Bernanke’s comments were met with indifference. The highlights from the central banker’s remarks on monetary policy includes the suggestion that he sees a “case for further action” given a too low level of inflation and persistently high unemployment rate. Despite the seeming decisiveness in this assessment, it isn’t anything the market hasn’t heard from him before. The same passive appraisal was made of the high-level event risk on the docket. Headline inflation held at 1.1 percent, retail sales offered a slightly better-than-expected 0.6 percent advance and the October University of Michigan consumer sentiment survey slipped to its July low.
If the influence of stimulus speculation has reached a point over oversaturation, next week’s long list of Fed speeches may ultimately fall on deaf ears. That being said, there is a scenario in which it is easy to imagine where the market could produce a violent reaction: should the group give reason to believe they actually plan on waiting to evaluate conditions rather than act in November. Does this mean that the dollar is most likely fated to a week of congestion with a modest dovish drift? Not necessarily. Risk appetite, a somewhat ignored aspect of the greenback lately could come back into play as the 3Q earnings season really gets rolling. If bank profits collapse, financial risk may override stimulus hopes.
Related:Discuss the Dollar in the DailyFX Forum, John’s Analyst Picks: Dollar the Top Opportunity Next Week, Aussie Dollar a Close Second
Euro Suffers its Biggest Decline in Two Weeks as the Dollar Perks Up
Scheduled event risk was exceptionally light for the euro Friday; but that isn’t necessarily a sentence to inactivity these days. In fact, the shared currency was pitched into a significant selloff through the end of the week. If we were to attribute this move to a neat and tidy fundamental source, we could say that the final reading of the Eurozone’s September CPI numbers was disappointing in its stay at 1.8 percent or that ECB member Stark’s comments held some dovish edge. Yet, the truth of the matter is that the euro’s ties to dollar would weigh the currency down as the greenback itself put in for an aggressive advance. Going forward, this relationship shouldn’t be underestimated. With sizable moves in EURUSD, there is frequently spillover to other euro crosses. Crosswinds aside, the economic data could have a significant bearing on direction and momentum. Along with investor and business sentiment surveys, the market will have the GDP-proxy PMI numbers to work with.
British Pound Traders Prepare for Financial, Interest Rate and Economic Updates Next Week
The fundamental front was quiet for the British pound Friday; but that didn’t prevent high volatility in a 1.61 test for GBPUSD or a notable advance against the euro. Looking ahead to next week, we once again have the perfect mix of growth, interest rate and fiscal speculation. For growth, we have retail sales, mortgages and business activity. Interest rates will go by the BoE minutes. And, public borrowing will key finances.
Canadian Dollar Little Moved by Manufacturing Sales Data but Upcoming BoC Decision is another Matter
The 2 percent jump in Canadian manufacturing sales may have been the biggest pickup in 13 months; but this particular indicator doesn’t have much sway over the bigger themes guiding the loonie. Next week’s Bank of Canada rate decision will be far more influential. While no change to policy is expected, the market is still pricing in some kind of hawkish lean. Should the bank squash this hope, the currency could step back.
Australian Dollar will have to Pay for its High-Yield Appeal with Scrutiny over Risk Trends and the RBA
There are certainly benefits to being one of the most consistent high-yield and growth currencies; but you have to take the good with the bad. The more aggressive and consistent the run, the greater the risk of reversal. From a fundamental perspective, the Aussie could easily find its future wrapped up in the RBA’s minutes. If the assessment is more neutral than traders assessed from Stevens, the trend will looked taxed.
Swiss Franc: A Safe Haven and Alternative as Reliable as Gold?
Analyzing the fundamentals behind the Swiss franc has essentially become a practice of futility recently. An ideal safe haven for European capital, the franc is a natural sponge. Yet, there may be something beyond just the European connection. According to Bloomberg, private banks managed to draw in over 50 billion francs worth of capital since 2007 despite bank privacy issues. Is this also an ideal dollar alternative?
For Real Time Forex News, visit: http://www.dailyfx.com/real_time_news/
**For a full list of upcoming event risk and past releases, go to www.dailyfx.com/calendar
ECONOMIC DATA
Next 24 Hours

Currency	GMT	Release	Survey	Previous	Comments
NZD	21:30	Performance Services Index (SEP)		51.4	Sits below 2010 average of 53.8.
NZD	21:45	Consumer Prices Index (QoQ) (3Q)	1.0%	0.3%	New Zealand consumer prices rose less than expected in 2Q.
NZD	21:45	Consumer Prices Index (YoY) (3Q)	1.5%	1.8%
GBP	23:01	Rightmove House Prices (MoM) (OCT)		-1.1%	U.K. home prices fell in September, erasing half of the 2010 gains.
GBP	23:01	Rightmove House Prices (YoY) (OCT)		2.6%
JPY	23:50	Tertiary Industry Index (MoM) (AUG)	-0.5%	1.6%	Index rose in July for second month.
AUD	0:30	New Motor Vehicle Sales (MoM) (SEP)		0.3%	New motor vehicle sales increased in August following 3-month drop.
AUD	0:30	New Motor Vehicle Sales (YoY) (SEP)		10.5%
JPY	5:30	Tokyo Department Store Sales (YoY) (SEP)		-3.4%	Tokyo department store sales fell annually in the last thirty months.
JPY	5:30	Nationwide Department Store Sales (YoY) (SEP)		-3.2%
EUR	9:00	Italian Current Account (euros) (AUG)		535M	July was first surplus in a year.
CAD	12:30	International Securities Transactions (C$) (AUG)	6.000B	5.480B	Likely increased for second month.
USD	13:00	Total Net TIC Flows (AUG)		$63.7B	Demand for long-term financial assets beat forecasts in July.
USD	13:00	Net Long-term TIC Flows (AUG)		$61.2B
USD	13:15	Industrial Production (SEP)	0.2%	0.2%	Industrial production rose in each of the past six months.
USD	13:15	Capacity Utilization (SEP)	74.8%	74.7%
USD	14:00	NAHB Housing Market Index (OCT)	14	13	Held at 13 in the last 2 months.

Currency	GMT	Upcoming Events & Speeches
EUR	8:00	ECB President Jean-Claude Trichet Speaks on Global Economy
EUR	14:00	ECB’s Carlos Costa Speaks on Financial Literacy
JPY	15:00	Japan Cabinet Office Monthly Economic Report
USD	16:55	Fed’s Dennis Lockhart Speaks on Economy

SUPPORT AND RESISTANCE LEVELS
CLASSIC SUPPORT AND RESISTANCE – 18:00 GMT

Currency	EUR/USD	GBP/USD	USD/JPY	USD/CHF	USD/CAD	AUD/USD	NZD/USD	EUR/JPY	GBP/JPY
Resist 2	1.4500	1.6375	89.00	1.0460	1.0922	1.0100	0.8230	127.60	146.05
Resist 1	1.4200	1.6000	86.00	0.9950	1.0750	1.0000	0.7650	120.00	140.00
Spot	1.3964	1.5983	81.43	0.9595	1.0135	0.9883	0.7538	113.71	130.15
Support 1	1.3800	1.5500	80.00	0.9500	0.9950	0.9100	0.6850	103.80	125.00
Support 2	1.3500	1.5300	75.00	0.9000	0.9700	0.8100	0.6585	100.00	119.00

CLASSIC SUPPORT AND RESISTANCE –EMERGING MARKETS 18:00 GMTSCANDIES CURRENCIES 18:00 GMT

Currency	USD/MXN	USD/TRY	USD/ZAR	USD/HKD	USD/SGD		Currency	USD/SEK	USD/DKK	USD/NOK
Resist 2	14.4500	1.6755	8.7915	7.8165	1.4945		Resist 2	7.7500	5.7800	6.2750
Resist 1	13.8500	1.4865	8.3675	7.8075	1.4655		Resist 1	7.5800	5.5400	6.1150
Spot	12.4454	1.4161	6.8435	7.7573	1.2975		Spot	6.6251	5.3398	5.8039
Support 1	12.0500	1.4070	6.6950	7.7490	1.2900		Support 1	6.4500	5.3000	5.7030
Support 2	11.7200	1.3665	6.4300	7.7450	1.2500		Support 2	6.1250	5.1000	5.5200

INTRA-DAY PIVOT POINTS 18:00 GMT

Currency	EUR/USD	GBP/USD	USD/JPY	USD/CHF	USD/CAD	AUD/USD	NZD/USD	EUR/JPY	GBP/JPY
Resist 2	1.4242	1.6156	82.05	0.9672	1.0223	1.0058	0.7649	115.22	131.01
Resist 1	1.4103	1.6070	81.74	0.9634	1.0179	0.9970	0.7594	114.47	130.58
Pivot	1.4020	1.6020	81.31	0.9559	1.0096	0.9917	0.7564	114.01	130.30
Support 1	1.3881	1.5934	81.00	0.9521	1.0052	0.9829	0.7509	113.26	129.87
Support 2	1.3798	1.5884	80.57	0.9446	0.9969	0.9776	0.7479	112.80	129.59

INTRA-DAY PROBABILITY BANDS 18:00 GMT
\

Currency	EUR/USD	GBP/USD	USD/JPY	USD/CHF	USD/CAD	AUD/USD	NZD/USD	EUR/JPY	GBP/JPY
Resist. 3	1.4156	1.6169	82.46	0.9721	1.0265	1.0032	0.7653	115.38	132.08
Resist. 2	1.4108	1.6122	82.20	0.9690	1.0232	0.9995	0.7624	114.97	131.60
Resist. 1	1.4060	1.6076	81.94	0.9658	1.0200	0.9957	0.7595	114.55	131.12
Spot	1.3964	1.5983	81.43	0.9595	1.0135	0.9883	0.7538	113.71	130.15
Support 1	1.3868	1.5890	80.92	0.9532	1.0070	0.9809	0.7481	112.87	129.18
Support 2	1.3820	1.5844	80.66	0.9500	1.0038	0.9771	0.7452	112.45	128.70
Support 3	1.3772	1.5797	80.40	0.9469	1.0005	0.9734	0.7423	112.04	128.22

v

Essential Elements of a Successful Trader

by Jimmy Young
EURUSDTrader

Courage Under Stressful Conditions When the Outcome is Uncertain
All the foreign exchange trading knowledge in the world is not going to help, unless you have the nerve to buy and sell currencies and put your money at risk. As with the lottery “You gotta be in it to win it”. Trust me when I say that the simple task of hitting the buy or sell key is extremely difficult to do when your own real money is put at risk.
You will feel anxiety, even fear. Here lies the moment of truth. Do you have the courage to be afraid and act anyway? When a fireman runs into a burning building I assume he is afraid but he does it anyway and achieves the desired result. Unless you can overcome or accept your fear and do it anyway, you will not be a successful trader.
However, once you learn to control your fear, it gets easier and easier and in time there is no fear. The opposite reaction can become an issue – you’re overconfident and not focused enough on the risk you're taking.
Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for a trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.
Start by analyzing yourself. Are you the type of person that can control their emotions and flawlessly execute trades, oftentimes under extremely stressful conditions? Are you the type of person who’s overconfident and prone to take more risk than they should? Before your first real trade you need to look inside yourself and get the answers. We can correct any deficiencies before they result in paralysis (not pulling the trigger) or a huge loss (overconfidence). A huge loss can prematurely end your trading career, or prolong your success until you can raise additional capital.
The difficulty doesn’t end with “pulling the trigger”. In fact what comes next is equally or perhaps more difficult. Once you are in the trade the next hurdle is staying in the trade. When trading foreign exchange you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement.
For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.
The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like “what if news comes out and you wind up with a loss”. The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).
So your fear is just a baseless annoyance. Don’t try and fight the fear. Accept it. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld “Live in the now man”. Worrying about what could be is irrational. Studying your chart and determining an objective exit point is reality based and rational.
Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards – this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains – so why close it?
If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you’re a natural gunslinger and reckless you will need to tone your act down a notch or two and we can help you make the necessary adjustments. If putting your money at risk makes you a nervous wreck its because you lack the knowledge base to be confident in your decision making.
Patience to Gain Knowledge through Study and Focus
Many new traders believe all you need to profitably trade foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.
To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge base without taking any shortcuts, thereby assuring a solid foundation to build upon.
Jimmy Young

Wisconsin Lemon Used Vehicle Law

Read the fine print before buying a used car.

If you buy a used car from a Wisconsin-licensed dealership, it is covered under the Motor Vehicle Trade Practice Laws. A used car purchased from a private party is not covered under the law.

Wisconsin Buyers Guide

1. Dealerships are required to thoroughly inspect used cars before they sell them to consumers. They must test-drive the vehicle; inspect the exterior, interior and engine; and review all paperwork regarding the vehicle, such as the title. The dealer will then create a window label for the car called the Wisconsin Buyers Guide. The Wisconsin Buyers Guide must list all existing problems or important history about the car that the dealer discovered during the test drive, inspection and paperwork check. The Wisconsin Buyers Guide does not tell whether the car will have problems in the future due to its current age or condition.

Vehicle Condition

2. The Wisconsin Buyers Guide should accurately describe the car you are purchasing. If the dealer does not list a problem with the vehicle that it should have discovered during a test drive or inspection, you may have a legal case against the dealership. It is legal for the dealership to sell a car with general problems, or even one that is not legal to operate on the road, but it must document the problems on the Wisconsin Buyers Guide.

How to File a Complaint

3. If your used car has a problem, the Wisconsin Department of Transportation's Dealer and Agent Section may be able to assist you. Before calling the Department of Transportation, you must give the dealership an opportunity to resolve the situation. If you are unable to resolve the dispute with the dealer, contact the Dealer and Agent Section at 608-266-1425. You can also mail a MV2338 Dealer Complaint form to:
   Wisconsin Department of Transportation
   Dealer & Agent Section
   4802 Sheboygan Avenue, Room 201
   P.O. Box 7909
   Madison, WI 53707-7909

Tips

4. Keep accurate records and be sure to get promises made by the dealership in writing. All promises should be on the purchase contract. Oral promises are extremely difficult to enforce.

Considerations

5. The dealer is not required to tell you if the car has been in an accident. However, it is required to tell you about any existing structural damage discerned from the vehicle inspection and test drive.