WE STILL CAN CHOSE !!!

( correct side )
( OR wrong side )

NOW or NEVER !!!!! Global warming is happening now, bringing changes to our climate and our world.
Global warming is a dramatically urgent and serious problem. We don't need to wait for governments to solve this problem: each one of us can bring an important help adopting a more responsible lifestyle: starting from little, everyday things. It's the only reasonable way to save our planet, before it is too late.
Here is a list of 50 simple things that everyone can do in order to fight against and reduce the Global Warming phenomenon: some of them are at no cost, some other require a little investment but can help you save a lot of money, in the middle-long term!
Replace a regular incandescent light bulb with a compact fluorescent light bulb (cfl)
CFLs use 60% less energy than a regular bulb. This simple switch will save about 300 pounds of carbon dioxide a year.
Install a programmable thermostat
Programmable thermostats will automatically lower the heat or air conditioning at night and raise them again in the morning. They can save you $100 a year on your energy bill.
Move your thermostat down 2° in winter and up 2° in summer
Almost half of the energy we use in our homes goes to heating and cooling. You could save about 2,000 pounds of carbon dioxide a year with this simple adjustment. The American Council for an Energy Efficient Economy has more tips for saving energy on heating and cooling.
Clean or replace filters on your furnace and air conditioner
Cleaning a dirty air filter can save 350 pounds of carbon dioxide a year.
Choose energy efficient appliances when making new purchases
Look for the Energy Star label on new appliances to choose the most efficient models available.
Do not leave appliances on standby
Use the "on/off" function on the machine itself. A TV set that's switched on for 3 hours a day (the average time Europeans spend watching TV) and in standby mode during the remaining 21 hours uses about 40% of its energy in standby mode.
Wrap your water heater in an insulation blanket
You’ll save 1,000 pounds of carbon dioxide a year with this simple action. You can save another 550 pounds per year by setting the thermostat no higher than 50°C.
Move your fridge and freezer
Placing them next to the cooker or boiler consumes much more energy than if they were standing on their own. For example, if you put them in a hot cellar room where the room temperature is 30-35ºC, energy use is almost double and causes an extra 160kg of CO2 emissions for fridges per year and 320kg for freezers.
Defrost old fridges and freezers regularly
Even better is to replace them with newer models, which all have automatic defrost cycles and are generally up to two times more energy-efficient than their predecessors.
Don't let heat escape from your house over a long period
When airing your house, open the windows for only a few minutes. If you leave a small opening all day long, the energy needed to keep it warm inside during six cold months (10ºC or less outside temperature) would result in almost 1 ton of CO2 emissions.
Replace your old single-glazed windows with double-glazing
This requires a bit of upfront investment, but will halve the energy lost through windows and pay off in the long term. If you go for the best the market has to offer (wooden-framed double-glazed units with low-emission glass and filled with argon gas), you can even save more than 70% of the energy lost.
Get a home energy audit
Many utilities offer free home energy audits to find where your home is poorly insulated or energy inefficient. You can save up to 30% off your energy bill and 1,000 pounds of carbon dioxide a year. Energy Star can help you find an energy specialist.
Cover your pots while cooking
Doing so can save a lot of the energy needed for preparing the dish. Even better are pressure cookers and steamers: they can save around 70%!
Use the washing machine or dishwasher only when they are full
If you need to use it when it is half full, then use the half-load or economy setting. There is also no need to set the temperatures high. Nowadays detergents are so efficient that they get your clothes and dishes clean at low temperatures.
Take a shower instead of a bath
A shower takes up to four times less energy than a bath. To maximise the energy saving, avoid power showers and use low-flow showerheads, which are cheap and provide the same comfort.
Use less hot water
It takes a lot of energy to heat water. You can use less hot water by installing a low flow showerhead (350 pounds of carbon dioxide saved per year) and washing your clothes in cold or warm water (500 pounds saved per year) instead of hot.
Use a clothesline instead of a dryer whenever possible
You can save 700 pounds of carbon dioxide when you air dry your clothes for 6 months out of the year.
Insulate and weatherize your home
Properly insulating your walls and ceilings can save 25% of your home heating bill and 2,000 pounds of carbon dioxide a year. Caulking and weather-stripping can save another 1,700 pounds per year. Energy Efficient has more information on how to better insulate your home.
Be sure you’re recycling at home
You can save 2,400 pounds of carbon dioxide a year by recycling half of the waste your household generates. Earth 911 can help you find recycling resources in your area.
Recycle your organic waste
Around 3% of the greenhouse gas emissions through the methane is released by decomposing bio-degradable waste. By recycling organic waste or composting it if you have a garden, you can help eliminate this problem! Just make sure that you compost it properly, so it decomposes with sufficient oxygen, otherwise your compost will cause methane emissions and smell foul.
Buy intelligently
One bottle of 1.5l requires less energy and produces less waste than three bottles of 0.5l. As well, buy recycled paper products: it takes less 70 to 90% less energy to make recycled paper and it prevents the loss of forests worldwide.
Choose products that come with little packaging and buy refills when you can
You will also cut down on waste production and energy use!
Reuse your shopping bag
When shopping, it saves energy and waste to use a reusable bag instead of accepting a disposable one in each shop. Waste not only discharges CO2 and methane into the atmosphere, it can also pollute the air, groundwater and soil.
Reduce waste
Most products we buy cause greenhouse gas emissions in one or another way, e.g. during production and distribution. By taking your lunch in a reusable lunch box instead of a disposable one, you save the energy needed to produce new lunch boxes.
Plant a tree
A single tree will absorb one ton of carbon dioxide over its lifetime. Shade provided by trees can also reduce your air conditioning bill by 10 to 15%. The Arbor Day Foundation has information on planting and provides trees you can plant with membership.
Switch to green power
In many areas, you can switch to energy generated by clean, renewable sources such as wind and solar. The Green Power Network is a good place to start to figure out what’s available in your area.
Buy locally grown and produced foods
The average meal in the United States travels 1,200 miles from the farm to your plate. Buying locally will save fuel and keep money in your community.
Buy fresh foods instead of frozen
Frozen food uses 10 times more energy to produce.
Seek out and support local farmers markets
They reduce the amount of energy required to grow and transport the food to you by one fifth. You can find a farmer’s market in your area at the USDA website.
Buy organic foods as much as possible
Organic soils capture and store carbon dioxide at much higher levels than soils from conventional farms. If we grew all of our corn and soybeans organically, we’d remove 580 billion pounds of carbon dioxide from the atmosphere!
Eat less meat
Methane is the second most significant greenhouse gas and cows are one of the greatest methane emitters. Their grassy diet and multiple stomachs cause them to produce methane, which they exhale with every breath.
Reduce the number of miles you drive by walking, biking, carpooling or taking mass transit wherever possible
Avoiding just 10 miles of driving every week would eliminate about 500 pounds of carbon dioxide emissions a year! Look for transit options in your area.
Start a carpool with your coworkers or classmates
Sharing a ride with someone just 2 days a week will reduce your carbon dioxide emissions by 1,590 pounds a year. eRideShare.com runs a free national service connecting commuters and travelers.
Don't leave an empty roof rack on your car
This can increase fuel consumption and CO2 emissions by up to 10% due to wind resistance and the extra weight - removing it is a better idea.
Keep your car tuned up
Regular maintenance helps improve fuel efficiency and reduces emissions. When just 1% of car owners properly maintain their cars, nearly a billion pounds of carbon dioxide are kept out of the atmosphere.
Drive carefully and do not waste fuel
You can reduce CO2 emissions by readjusting your driving style. Choose proper gears, do not abuse the gas pedal, use the engine brake instead of the pedal brake when possible and turn off your engine when your vehicle is motionless for more than one minute. By readjusting your driving style you can save money on both fuel and car mantainance.
Check your tires weekly to make sure they’re properly inflated
Proper inflation can improve gas mileage by more than 3%. Since every gallon of gasoline saved keeps 20 pounds of carbon dioxide out of the atmosphere, every increase in fuel efficiency makes a difference!
When it is time for a new car, choose a more fuel efficient vehicle
You can save 3,000 pounds of carbon dioxide every year if your new car gets only 3 miles per gallon more than your current one. You can get up to 60 miles per gallon with a hybrid! You can find information on fuel efficiency on FuelEconomy and on GreenCars websites.
Try car sharing
Need a car but don’t want to buy one? Community car sharing organizations provide access to a car and your membership fee covers gas, maintenance and insurance. Many companies – such as Flexcar - offer low emission or hybrid cars too! Also, see ZipCar.
Try telecommuting from home
Telecommuting can help you drastically reduce the number of miles you drive every week. For more information, check out the Telework Coalition.
Fly less
Air travel produces large amounts of emissions so reducing how much you fly by even one or two trips a year can reduce your emissions significantly. You can also offset your air travel by investing in renewable energy projects.
Encourage your school or business to reduce emissions
You can extend your positive influence on global warming well beyond your home by actively encouraging other to take action.
Join the virtual march
The Stop Global Warming Virtual March is a non-political effort to bring people concerned about global warming together in one place. Add your voice to the hundreds of thousands of other people urging action on this issue.
Encourage the switch to renewable energy
Successfully combating global warming requires a national transition to renewable energy sources such as solar, wind and biomass. These technologies are ready to be deployed more widely but there are regulatory barriers impeding them. Take action to break down those barriers with Vote Solar.
Protect and conserve forest worldwide
Forests play a critial role in global warming: they store carbon. When forests are burned or cut down, their stored carbon is release into the atmosphere - deforestation now accounts for about 20% of carbon dioxide emissions each year. Conservation International has more information on forests and global warming.
Consider the impact of your investments
If you invest your money, you should consider the impact that your investments and savings will have on global warming. Check out SocialInvest and Ceres to can learn more about how to ensure your money is being invested in companies, products and projects that address issues related to climate change.
Make your city cool
Cities and states around the country have taken action to stop global warming by passing innovative transportation and energy saving legislation. 194 cities nationwide representing over 40 million people have made this pledge as part of the U.S. Mayors Climate Protection Agreement. Find out how to make your city a cool city.
Tell Congress to act
The McCain Lieberman Climate Stewardship and Innovation Act would set a firm limit on carbon dioxide emissions and then use free market incentives to lower costs, promote efficiency and spur innovation. Tell your representative to support it.
Make sure your voice is heard!
Americans(and all other) must have a stronger commitment from their government in order to stop global warming and implement solutions and such a commitment won’t come without a dramatic increase in citizen lobbying for new laws with teeth. Get the facts about U.S. politicians and candidates at Project Vote Smart and The League of Conservation Voters. Make sure your voice is heard by voting!
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The Kyoto Protocol, the world's first treaty to attempt to address global warming by limiting greenhouse gas emissions, is due to expire at the end of 2012. Although the treaty only came into force on February 16, 2005, post-Kyoto negotiations on greenhouse gas emissions began in earnest at the meeting of the G8+5 Climate Change Dialogue in February 2007. Working in parallel, various bodies under the umbrella of the United Nations Framework Convention on Climate Change are also meeting to prepare the ground for a new agreement
February 2007 Washington Declaration
The Stop Global Warming calculator shows you how much carbon
dioxide you can prevent from being released into the atmosphere and
how much money you can save by making some small changes in your daily
life. It’s our hope that the calculator will promote action,
awareness and empowerment by showing you that one person can make a
difference and help stop global warming.
There are many simple things you can do in your daily life — what you eat, what you drive, how you build your home — that can have an effect on your immediate surrounding, and on places as far away as Antactica. Here is a list of few things that you can do to make a difference.
Replace 3 frequently used light bulbs with compact fluorescent bulbs. Save 300 lbs. of carbon dioxide and $60 per year. Take the Energy Star pledge.
Keep the tires on your car adequately inflated. Check them monthly. Save 250 lbs. of carbon dioxide and $840 per year.
Check your car's air filter monthly. Save 800 lbs. of carbon dioxide and $130 per year.
Run your dishwasher only with a full load. Save 100 lbs. of carbon dioxide and $40 per year.
Make sure your printer paper is 100% post consumer recycled paper. Save 5 lbs. of carbon dioxide per ream of paper.
Move your heater thermostat down two degrees in winter and up two degrees in the summer. Save 2000 lbs of carbon dioxide and $98 per year.
Keep your water heater thermostat no higher than 120°F. Save 550 lbs. of carbon dioxide and $30 per year.
Clean or replace dirty air conditioner filters as recommended. Save 350 lbs. of carbon dioxide and $150 per year.
Showers account for 2/3 of all water heating costs. Save 350 lbs. of carbon dioxide and $99 per year.
Using less water in the shower means less energy to heat the water. Save 350 lbs. of carbon dioxide and $150.
Buy locally and reduce the amount of energy required to drive your products to your store.
Help spur the renewable energy market and cut global warming pollution by buying wind certificates and green tags.
Less packaging could reduce your garbage by about 10%. Save 1,200 pounds of carbon dioxide and $1,000 per year.
The average driver could save 16,000 lbs. of CO2 and $3,750 per year driving a hybrid
Getting a few extra miles per gallon makes a big difference. Save thousands of lbs. of CO2 and a lot of money per year.
Own a big vehicle? Carpooling with friends and co-workers saves fuel. Save 790 lbs. of carbon dioxide and hundreds of dollars per year.
Buy products with less packaging and recycle paper, plastic and glass. Save 1,000 lbs. of carbon dioxide per year.
Trees suck up carbon dioxide and make clean air for us to breathe. Save 2,000 lbs. of carbon dioxide per year.
Keep your water heater insulated could save 1,000 lbs. of carbon dioxide and $40 per year.
Inefficient appliances waste energy. Save hundreds of lbs. of carbon dioxide and hundreds of dollars per year.
Caulk and weather strip your doorways and windows. Save 1,700 lbs. of carbon dioxide and $274 per year.
Use your muscles instead of fossil fuels and get some exercise. Save 80 lbs of carbon dioxide per year.
Even when electronic devices are turned off, they use energy. Save over 1,000 lbs of carbon dioxide and $256 per year.
Instead of turning up the heat in your home, wear more clothes Save 1,000 lbs. of carbon dioxide and $250 per year.
Make sure your walls and ceilings are insulated. Save 2,000 lbs. of carbon dioxide and $245 per year.
Line-dry your clothes in the spring and summer instead of using the dryer. Save 700 lbs. of carbon dioxide and $75 per year.
Your water will be heated as you use it rather than keeping a tank of hot water. Save 300 lbs. of carbon dioxide and $390 per year.
Double pane windows keep more heat inside your home so you use less energy. Save 10,000 lbs. of carbon dioxide and $436 per year.
The chemicals used in modern agriculture pollute the water supply, and require energy to produce.
Using your own cloth bag instead of plastic or paper bags reduces waste and requires no additional energy.
WHAT CAN YOU DO?
AT HOME:
+ Turn the thermostat down by 2 degrees in the winter. Turn the AC up 2 degrees in the summer, or turn it off and use a fan! Reduce CO2 emissions by 0.62%.
+Recycle! Plastic, Paper, and Metal items.
+ Stay in town for the weekend. Drive 100 fewer miles per week and reduce CO2 emissions by 4.11%.
+ Replace the incandescent lightbulbs in your house with compact florescent ones. These use less energy, last longer and cut down on CO2 emissions. It’s a win-win-win situation.
+Buy EnergyStar appliances and use them efficiently: dry clothes outside on nice days, and wash most loads of laundry in cold water, which washes just as effectively as hot. Use toaster ovens to cook smaller items instead of heating an entire oven.
+Resist gimmicky disposable products such as throwaway toilet brushes, air "fresheners," and mopping pads. Use rewashable rags for cleaning.
+ Save water. Humans can live up to a month without food, but no more than approximately 7 days without water. While there is a lot of water on this planet, only 3% of it can be used as drinking water. Let’s do something now to ensure this lasts!
+Shorten your showers to 10 minutes. Already showering in less than 10 minutes? Make it 7.
+Turn off the water while you’re brushing your teeth, shaving, or washing your face.
+Leaky faucet or shower head? A dripping faucet can waste up to 2,000 gallons/7,600 liters of water a year. Check the plumbing in your house and repair the leaks as soon as possible.
+Ask your parents if they’d like to invest in low-flush toilets, shower heads and faucet aerators. You’ll save thousands of gallons of water each year and your parents’ water bill will be lower! A simple brick placed in the toilet tank will reduce water usage.
AT WORK:
+Begin a Coffee Mug program: as simple as it sounds. Using Styrofoam or paper cups is wasteful and unnecessary.
+ Unplug! Unplug power strips and appliances that you don’t use that often or only at certain times of the day (chargers, cordless tools, kitchen appliances, etc). Even though they may be turned off, the “standby” energy used is equal to that of a 75 watt lightbulb running continuously.
+ Enable the "sleep mode" feature on your computer, allowing it to use less power during periods of inactivity. In Windows, the power management settings are found on your control panel. Mac users, look for energy saving settings under system preferences in the apple menu.
+Ask your employer to switch the entire company's electricity source to Green Power. Most utilities allow this option, and, after they make this choice, your company can let it be known in marketing and promotional information that they are an environmentally-friendly business.
AT SCHOOL:
+Start an environmental club that can conduct an "energy audit" or efficiency assessment of your school.
+Find out whether your school recycles.
+Encourage your cafeteria to buy local food and produce.
+Turn off classroom and hallway lights when not in use.
+Ask your teachers if they turn their computers off for the night, and encourage them to do so if not.
AT THE STORE:
+Buy products that contain less packaging.
+Bring your own canvas bags to the grocery store, farmers' market, and other retailers.
+Shop at local businesses and avoid "big box" stores that ship most of their products from overseas and do not spend their profits in the local community.
+Let businesses know that environmental responsibility is important when you are choosing where to shop.
+Buy food that is locally grown, seasonal, and preferably organic, and purchase whole food more than processed food. Most food has traveled over 1,600 miles to reach your plate, wasting fuel and energy.
*** currency forex learn online trading Close to 95% of all Forex traders will lose money. We're not just talking about novices, either. Whether you trade Forex for a living, as a hobby or just for fun, odds are against your success. That's a simply astonishing fact. However, the remaining 5% of Forex traders somehow manage to break even and there are those lucky few that actually make money in the currency market – consistently!
Forex Education Tip - Stops
Let me just give you a quick tip about setting stop losses.
I once took a class where I was instructucted to place my stop loss 30 pips below my entry. Why 30 pips I asked? I was told it was an "acceptable" risk. Based on what? I see a lot ot traders basing their risk management strategy on some pre-defined pip value risk without any consideration for support and resistance.
Don't do this!
Like I say - trading Forex is a process and setting your stops is a key component. Your stop should be placed near support and/or resistance based on the charts and not some pre-defined pip value. Caution: stay away from the herd!
Simply:
1. Locate support and/or resistance for your stop
2. Calculate your target to determine a reward-to-risk ratio
3. Determine whether you can afford the trade
4. If all systems are a go then pull the trigger
Setting a pre-defined stop makes no sense if all you can guarantee is to get stop out of your trade and have it eventually go in your direction. Let the market tell you where to protect your trade and when to take profits. This is why 2 traders can look at the same charts, establish the same trade and one trader pull the trigger an the other traders pass.
Follow YOUR trading plan and begin to take your trading to new heights. Your Forex Education is the path to true Forex profits!
Is Paid Forex Education Worth It?
am scanning the internet looking for information about how I can be a better trader just like most people out there. I am on a quest looking for each and every golden nugget of information out there on the web. I have alerts set up so Google can email every keyword topic of choice.
I have been getting fired up recently about the amount of just plain bad Forex advice slewed across the web. It is definitely a “buyers beware” market and every word of advice (including mine) should be taken with a grain of salt. Why? Because everything I say and write is based entirely on my own experiences.
One of the topics gaining some momentum is the fact that everyone pitching a Forex product is not a trader, but a marketer and if they were a trader they would be trading and not trying to sell you something.
What a bunch of BS!
Yes, I do believe all the information that one needs to trade the Forex profitably is available free on the internet. I challenge anyone new to Forex to assemble the information, study and execute without any assistance. I would imagine every trader out there has gathered free information and put it to use, but the truly valuable information often is not free!
Example – I read Steve Nison’s books and DVD’s (highly recommended by the way) to gain the necessary insight into candlestick charting. I also paid a couple of hundred of dollars to attend a live seminar. During that seminar Steve Nison made one comment that allowed all of my previous work in candlesticks to click and take my trading to the next level! Was it worth it? Hell yah! That one comment was the only peice of new information I gathered, however it has paid for the seminar 100 times over. Not only that, the opportunity to network with other traders introduced new ideas and approaches that I hadn't thought of previously.
In the end it's a personal decision. After all it's your money. Trading is a profession just being a pilot, a doctor or an engineer. Each requires dedicated training, personal development and instruction to gain proficiency. You would never go to a dentist that learned how to fill cavities on the internet (this information is available there too!), so treat your Forex account the same way.
I am calling all you freebie seekers out! Stop being cheap. Your Forex Education is an investment and not a cost. Cutting corners will only cost you more money in the long run.
Happy Trading!!
Forex Education Tips - Overcoming Fear
Have you ever been in a situation where you have evaluated the market, saw your strategy set-up perfectly and then just couldn’t pull the trigger? You become paralyzed, unable to move even though you know your high probability set-up has just triggered.
This fear is very real for many traders and very detrimental to your account. Fear is a powerful emotion, distorting fact from fiction and often creating an emotional response. Many experts tell you to trade without emotion, but is that really practical? We are indeed human. Remember the basis for the reaction is real, but the fear usually is not.
Fear blocks your ability to execute high probability trades and we must find strategies to manage our fear. With time comes experience and for traders it is the ultimate super hero for fear.
In the meantime, if you are struggling with fear-based execution challenges here are some simple tips to get you over the hump.
Embrace the Emotion
Acknowledge your emotions. If you find yourself analyzing a trade to the point of paralysis don’t try to ignore the emotions. Separate yourself from this river of negativity. Visualize yourself on the river bank as these torrents of emotions are flowing by. You will gain great awareness to the triggers and learn a lot about who you are as a trader.
Separate Fear from Fact
If you fear pulling the trigger because of loss (what if I am wrong?), that will stop you from enjoying the profits the market may make available to you at any given time. Don’t avoid the action that might cause the loss, but re-frame the problem as fear itself. You have evaluated the market, figured out your reward –to-risk ration and accepted your potential for loss through your stop-loss and money management plan. At this point loss is not the obstacle – fear is. There is no such thing as failure, only feedback and that will guide you to consistent and profitable trading.
Re-Think the Consequences
If your mind is off to the races with all sorts of possibilities what’s the worst that can happen if Murphy’s Law gets enacted during your trade? You have already addressed this in your trading plan. Plan your trade and trade your plan. Again fear is trumped and the only way it can be realized is if you didn’t follow your plan. Sticking to your plan is the clearest way to distinguish between a losing trade, which is just a part of business, and a bad trade which is a career killer!
Act in Spite of Fear
Feel the fear and do it anyway. Return to your mission statement or your “why?” statement. The reasons you trading should be big enough to overcome any possible obstacle your fear emotion can conjure up. Acknowledge the fear and do it anyway. You may not have a winning trade, but you will have executed your plan and over time probability will pay you back.
What is all comes down to is the intangibles of trading. Why do I and so many others drive home discipline-based Forex Education and Training approaches. You will never get rid of fear, but with practice you can turn it into a manageable obstacle and deploy it to your advantage.
This means rejecting thinking that doesn’t support your current trading objectives, including rejecting non-trading related mental chatter (what’s for dinner, balancing your check book, who’s on American Idol tonight, whatever). Your goal is simple -- to zero in on the trading task in front of you. Enter your personal trading zone. Deny all incoming calls. Don’t check your email and please do not even think about logging into your Instant Messenger account. You’ve got to be in a place and time where you can trade without being disturbed.
Ask yourself – Where Am I? The answer is - Here
Ask yourself – What Time Is it? The answer is – Now
When you become fully present on the task of trading, you are able to achieve peak performance and gain an edge on the other traders in the market at that moment. How many times have you often have you been trading, felt in rhythm with the market, and then you become distracted, surfed the web (OK, you busted me!), checked your email and all of a sudden, your trade fell apart because you overlooked an indicator or failed to see what economic releases where due out during your trading session.
Trading in the here and now is not only powerful, it is extremely profitable! When you can direct your focus on your trading task without distractions you become invigorated and infused with the energy that comes from requiring yourself to be fully present when trading, you’ll find that your trading all of a sudden becomes a little easier and enjoyable. When you reach this state, stop briefly to observe it and how you feel so that you can summon this mental state more easily in the future. And journal it so you can recall all the factors that contributed to your success. That way you’ll be able to set yourself up in a repeatable, successful trading environment. Your journal will become the greatest trading tool you'll ever own!
To not become fully present when trading is to short-change your Forex Education AND you’re your account balance … it’s like not accepting the greatness within your at the time the market provides you with your pip rewards.
Which mental time zones do you what to be in for your trading? There are only three: past (FEAR), future (ANXIETY) and HERE. It’s been said that most traders spend only 1% of their time in the present. Could you imagine what kind of profits your mind can produce when you become fully present when trading?
Carpe Diem and Happy Trading!!
Confidence Data Sends Dollar to New Record low
The dollar hit a new record low against the euro on Tuesday as a surprise plunge in U.S. consumer confidence to nearly two-year lows raised expectations of another Federal Reserve interest rate cut next month. This was the fourth straight session that the dollar tested all-time lows against the euro, which has gained on signs of weaker U.S. growth and the view that lower U.S. rates will continue to erode the dollar's yield advantage. That view gained more traction on another report on Tuesday showing sales of existing U.S. homes slipped by 4.3 percent in August, a sign of yet more weakness in the housing market. "The housing data confirmed what we already know, but the confidence number at a two-year low is a concern. It highlights
that there's been a shift in the consumer outlook, and that will be important for the Fed," said Camilla Sutton, currency strategist at Scotia Capital in Toronto.
The dollar rose against sterling, however, after a report in a British newspaper sparked worries over troubles in the UK financial sector arising from the credit crisis. Divyang Shah, a currency strategist at Commonwealth Bank in London, said the weaker confidence numbers haven't helped, though he added markets should "probably keep an eye on what households are doing as opposed to what they are saying."
The U.S. Conference Board's index of consumer sentiment fell to 99.8 in September, the lowest since November 2005 and down from 105.6 in August. Economists expected a more modest slip to 104.0.
The dollar traded around the levels of 1.4135 vs. the Euro, 114.76 against the yen and 2.0185 against the sterling at 20:45 (GMT).
FOREX EDUCATION | FOREX TRAINING
Forex Education Tip – 5 Steps to Successful Forex Trading
Close to 95% of all Forex traders will lose money. We're not just talking about novices, either. Whether you trade Forex for a living, as a hobby or just for fun, odds are against your success. That's a simply astonishing fact. However, the remaining 5% of Forex traders somehow manage to break even and there are those lucky few that actually make money in the currency market – consistently!
Like the TV show says … “How’d they do that, anyway?”
That's the million dollar questions, isn’t it? Countless books, seminars and expos have been hosted to answer this very question. That sad fact is that thousands of books have been written and countless seminars and interviews have been conducted in an attempt to answer the magic questions. The reality of the situation is that there is no magic formula; no one single Holy Grail of Forex trading.
So what do the successful traders do that the rest of us have simple not comprehended. They have mastered a process of winning where they combine and customize several factor to produce consistent results. They have mastered the Process of Trading.
The Process of Trading is:
Strategy > Money Management > Self-Mastery
Here are some simple Forex Education tips to help you master the process of forex trading:
Forex Success Tip #1 – You’ve Got To Have a Plan
You must have a written business plan that will detail all aspects of your trading. When are you going to trade, how much to risk, strategies for entries and exits are just o name a few. To become a consistent (profitable) Forex trader you have to plan your trade sand trade your plan.
Simplicity rules! Don’t make this plan too complicated. One sheet of paper for you mission statement and another for your trading plan should suffice. Anything more is probably too complicated.
Forex Success Tip #2 – Focus on Your Personal Psychology
Knowing yourself will allow you to master the discipline necessary to execute high quality trades with solid money management techniques. Lack of discipline is fatal in Forex trading. Go on a personal journey to identify you attitudes towards risk and money. Get intimate with your strengths and weaknesses as a trader and build in to your trading plan strategies to minimize those weaknesses and maximize your strengths.
Different personalities lend to different trading styles. Get familiar with all the different styles and over time you will begin to gravitate towards one particular style. Don’t fight the urge like I did. I insisted I was a day trader, but had only limited results. I found my winning percentages were much higher when I entered swing trades. Guess what’s my bread and butter strategy now!
Forex Success Tip #3 – Be Realistic About Your Expectations
This is a hard one, I know! I am on the internet every day and the amount of advertising is staggering. Brokers are offering free education (fox in the hen house if you ask me), forums of all different trading styles and points of view. Gurus pushing their system as “the one” that will make you the big bucks. How do you get through all that noise?
Let me tell you loud and clear right now – everyone is right and everyone is wrong. You have to make a personal commitment to become a successful trader, find a trading style that works for you and expect a slow and steady approach to wealth building through Forex.
What works for me may not work for you. Expect to go through an exploratory period where you are learning and at the same time exploring yourself as a trader. Keep an open mind and don’t pay attention to all the noise out there.
Forex Success Tip #4 – Be Patient
Rome was not built in a day and neither will your trading account. In fact, I tell all of my students that while they are studying to become successful Forex traders they should not look solely at their account balance as an indication of success or failure.
By tracking and increasing your percentage of high quality trades you execute is a far better barometer of your progress than your account balance. Cause and effect rule here. Over time when you increase your probabilities through the execution of high quality trades your account balance.
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