Drive and Grow Rich - Here's How To Profit While Commuting

By R.D. Smith

Today, just like yesterday and the day before, you will make your way through heavy traffic traveling to and from your job. It's certainly not the favorite part of your day, but in our modern world, it's often a necessity.

New studies show the average person in the average big city is spending 240 hours per year commuting. That's a LOT of time just looking out the window, time you could be putting to very good use.

Recently I created a monthly series of audio CDs that feature interviews with self-made millionaires and business leaders. People listen to the CDs while driving to work. Many of the ideas, strategies, and tips in the series are revolutionary for most people.

The rich usually got where they are because they know and believe things the rest of us don't. Let me share a few of those important thoughts with you:

(1) You will never earn a LOT of money as an employee. Unless you're the CEO of a large company, or even the top level manager of a large mid-sized business, government statistics reveal the vast majority of us will never earn more than a modest living.

I know, there are all kinds of stories floating around about this person or that who are getting paid big bucks, but extensive studies show big paychecks are the rare exception.

(2) To earn BIG money, you MUST own your own business. It's that simple. The rich are almost always business owners. Billionaires are ALWAYS business owners. It's the ONLY way, short of winning the lottery, to earn a great deal of money.

(3) You don't need your own money to make money. One thing I quickly learned after interviewing countless wealthy individuals is they insist on running their businesses on OTHER people's money. They even have a term for it -- OPM -- Other People's Money. Along with that belief are a whole system of skills used to find and enlist investors who pay for your business.

(4) Don't buy the things you want and need. The wealthy often have simple ways to get much of what they want for free. They get free stuff from suppliers, free advertising from media, even free trips and vacations to the world's top destinations.

(5) Most important, keep in mind becoming wealthy is largely a state of mind. If you can THINK like a wealthy person, you will become wealthy.

I also want to stress there is more to being wealthy than just having a lot of money. All that cash will do little good if you're still unhappy, or have bad relationships, or don't feel good about yourself. Right along with learning how to make money, also discover the methods to insure a highly successful life. - 23162

About the Author:

R.D. Smith is creator of the popular "Drive And Grow Rich" audio CD series. Learn the success strategies of the wealthy while you commute to work. Revolutionize your life for less than $40 per month. See www.thinkrightnow.com/cmd.asp?af=1023490

Trading Strategy - Ascending Triangles Downside Breakout

By Jeff Cartridge

Ascending triangles have been very popular with traders on the long side and are not so often traded when it breaks in the downward direction. An ascending triangle is defined by two lines, one on the upper boundary of the price movement which is horizontal and one on the lower side which slopes up.

Ascending Triangles, Not Usually Traded Short

Most ascending triangles would be expected to break up and most of the time this is true, but 36% break out to the downside making it possible to trade on the short side. Just 44% of these breakouts are profitable and on average the profit per trade is only 0.31% over a period of 9 days. The ascending triangle is not one of the best chart patterns when it breaks to the downside, but applying some filters can make this pattern more attractive to trade.

Improve Your Trades

As you would expect a break to the downside works better in a falling market environment, but the best trades actually occur at market turning points. By using filters that require the market and the stock to be in a consolidation or an up trend, while the sector is in a consolidation or a down trend, you can improve the results.

Avoid ascending triangle trades that break down at the start of the pattern, but it is ok to let the trade go all the way to the point of the ascending triangle before breaking out. Another key to picking successful short breakouts from ascending triangles is to look for a turning point up from the lower boundary that fails to reach the upper boundary and then falls away.

If volume supports an ascending triangle breakout then the profitability of the trades improves. For volume to support the breakout, volume when the stock is going down should be greater than volume when the stock is going up.

Ascending Triangles Can Be Profitable

Incorporating these simple changes when selecting ascending triangles to trade short, dramatically improves the results. With an average return per trade of 1.07% in 10 days and a hit rate of 52% it is possible for ascending triangles to be traded short successfully.

Note: Statistics for this article have been provided by Patterns Trader after analyzing over 60,000 chart patterns on the Australian market from 2000 - 2008. - 23162

About the Author:

Jeff Cartridge is the author of Supercharge Your Trading with CFDs and created the website LearnCFDs.com Ways to Make Serious Money With A Small Investment

Trading Secrets

By Ahmad Hassam

Trading is speculating. It is not investing. It is not the buy and hold strategy that was taught to you. Trading can be challenging. Trading is a risky business and requires active participation. Speculation is done in the hope of profiting from market fluctuations by taking a business risk. It also requires putting your money on the side of the trade on which you think the market is going to go up or down. Successful speculation requires predicting outcomes and analyzing different market situations.

If you are a trader, you should appreciate the fact that if you apply the correct techniques for analyzing trades, manage your money and protect your trading account, you can be wrong 70 percent of the time and still be a successful trader. How is that possible? It is only possible by entering a trade where the risk/reward ratio is les than1/3.

Over time, opportunity keeps on shifting from one market to another. For example, right now forex and gold markets are really hot while stocks are down. Gold prices are going up. Those who entered the trend by investing at the right time and are going to ride the trend till it lasts will make a lot of money in the gold markets. At the moment almost everyone is running and buying gold as a hedge against turmoil in the global markets. Everyone includes countries, institutional investors, hedge funds and retail investors.

Many hedge funds had made a lot of money by investing in crude oil futures in the year 2008. Right now oil prices are down due to the reduced demand in the global markets, this situation may continue for some months or some years but suddenly you will find that crude oil futures have become a great investment opportunity again.

Oil prices will again go up in a few years time as the global economy recovers and demand for oil increases. In trading it is the timing that is of essence. Timing for entering the market and the timing for exiting the market!

Successful trading requires mastering a strategy that enables you to trade multiple markets and multiple time frames. A lot of people make the mistake of focusing only on one market. In reality all the markets are interlinked. If something happens in one market, you will find the repercussions in the other markets. Many people end up spending time on only one market.

Many traders get stuck up with one market. They want to master that market. They trade only one instrument. They do testing and development. They put on a million indicators. Then they go and trade live that instrument. While they do everything they can while spending all kinds of time trying to figure out one market and one timeframe. But then what almost happens is that the market starts to go sideways. The opportunity shifts to another market.

You really have to have the ability to be able to adopt the market conditions and not waste your time to really master one market which is critical. There were so many stocks just a few years ago that were incredible to trade that either dont exist anymore or would not trade successfully today.

This is counterintuitive. A lot of people will teach you that you really need to learn the ins and outs of one market. But the problem with that philosophy is that its very difficult to stay with one market and one timeframe. - 23162

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Know The Trend Forex System. Learn Forex Trading!

Getting the Right Forex Trading Broker

By Jane MacRae

Finding a good forex trading broker can be tough, not because there are too few of them, but because there are so many of them. With all of the choices out there, trying to find the right one can be overwhelming. But, when searching for a forex broker, here are some tips to keep in mind.

* Select One That Offers a Free Demo Account

A free demo account is something most online forex brokers offer to their new customers today. Why not take use of them?

Aside from being a great introduction for those forex newbies, demo accounts also let you take a look at the trading platform used by that broker. You want an interface that is easy to learn and understand, and that you will be comfortable to use.

* Do Not Be Shy to Ask For References

A good broker will not mind giving you references. You need to be able to talk to other people who have used his services, and find out whether or not they are happy with their experiences.

If a broker refuses to give you references, you should probably steer clear.

* Check Out the Minimum Deposit Requirement to Open an Account

All forex brokers set their own minimum deposit requirements when you open an account with them.

In case one broker asks for a larger deposit than you are willing to start with, search for one that requires a lower minimum. There are options out there for every investor, no matter how much or how little they have to invest.

* Learn About the Broker's Credentials

There is no centralised, governing body to regulate the whole forex market over the world. However, the business practices of each forex broker is regulated by institutions in the countries where they are located.

A broker located in the US should be registered as a Futures Commission Merchant (or FCM) with the Commodity Futures Trading Commission (or CFTC). They should also be registered with the National Futures Association (or NFA).

* Examine the Service Charge

Keep in mind that cheaper is not always better.

Brokers who seem to charge small fees than their competition might make up for the difference with hidden fees that you are not even aware you are being charged.

So, before you engage any broker, be sure to ask about possible hidden fees, read the fine print, and learn as much about them as you can.

It can be an inevitable (and sometimes painful) experience for most forex players to find a right forex trading broker. With the tips given in this article, you should at least know what to look at. Remember, though, you can still make mistakes but don't get frustrated. Sometimes, we just grow out of try and error. - 23162

About the Author:

Click here for our review of a leading automatic forex trading program in the market, which will grant you an unfair advantage over your competitors. Also check out this related article about trading spot forex.

How Can I Make Money With Penny Stocks? It's Not That Hard!

By Grant Dougan

One of the most exciting investments are penny stocks. There's a lot of people that don't consider these types of shares because they assume they are full of risk. In reality, there's tremendous opportunity to make enormous cash with these shares once you know what you need to look for.

Any stock under two bucks is what I see as a penny stock. When I consider stocks to buy, I look for a business that is up and coming. You will see numerous organizations that are now trading under two dollars because they have had difficulties. Instead of investing in these businesses, I look for upcoming companies that are growing. By focusing on these organizations I can make tremendous money in the future when the business starts to be successful..

So how do you find the stocks to invest in? This, of course, is the most important question!

Examining the industry that the business is in is an important first stage. Think about if a new business into the industry can succeed based on the competition that exists. This involves a top-down view of the industry to ensure that the organization is involved in an area that allows them the potential to be successful.

And of course you want to analyze the business itself. I always like to see a business that differentiates themselves from the competition in some manner. Make an effort to locate companies that either offer a unique product or compete on some other factor such as price. It's definitely a wise choice to look for a company that provides something original and sticks out from the other competitors in some manner.

You should also take a look at the financials of the organization, but don't panic if you notice that they have no net income. Most up and coming companies don't make positive income in the beginning years. Nevertheless I need to make sure that the company has access to funds or credit so that they can continue to grow.

Also, search for a business that keeps strong communications with stockholders. I love being able to see a website where the business prints updates because this lets me have a manner to stay abreast on company news.

Once you start searching for penny stocks and investing in them, it's easy to find yourself earning some massive profits. There's fantastic money to be earned when you understand how to analyze these shares. - 23162

About the Author:

Make use of these penny stock tips and you will be on your way to making great cash on your investments. Click Here to learn about a penny stock trading system that has been generating huge profits for over three years now!