Archive for the ‘currency trading tips’ Category

Forex trading systems are big business get the right one and you can make big currency profits and get the cost you paid back many times over.

However, most forex systems don’t make money so you need to choose the right forex trading system and this is what this article is all about.

1. Track record

You will see lots of claims made by vendors selling systems and it’s tempting to believe them.

“90% success rate”

“6 figure income guaranteed”

And many more – The first thing to do is ask for their track record. What have they made with the system?

While this does not guarantee profits in the future it will show the logic of the system is soundly based and the vendor has confidence in it. If they don’t trade it why should you?

Treat hypothetical track records with caution we can all make a profit if we know what the closing price was!

2. Pick a trend following system

That’s longer term by nature – day trading systems NEVER make money we have written frequently on this if you don’t know why read them.

3. Pick a simple system where the logic is revealed

Why?

Quite simply, if you don’t know how a system makes trades you will not have the confidence to follow it through inevitable losing periods.

Confidence leads to discipline, which is an essential part of trading a forex trading system for profits.

If you don’t have the discipline to follow a system you don’t have one at all!

4. Pick a simple system with a few parameters

It’s a well known fact that simple systems with a few indicators work far better than more complicated systems.

Why?

Because, they are more robust in the face of brutal market conditions.

5. Beware of optimized systems

There are systems that use different rules to trade different markets or currencies.

These are frequent in hypothetical track records.

The vendor can’t make the rules work on all currencies, so they optimize them and this leads to losses in the market

6. Check out the vendor

It’s a fact that most forex trading systems are sold by people who have never traded and leads on from our point about looking for a real time track record.

If they don’t have confidence to trade for real why on earth would you want to take their advice?

These are just a few tips to follow when choosing a forex trading currency system, they don’t guarantee success, but they will certainly put the odds in your favor for finding a good one.

Forex systems can and do make money, but it is all about getting the right one so spend some time doing some shopping around.

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America became the greatest, most prosperous nation in human history through low taxes, constitutionally limited government, personal freedom and a belief in sound money. We need to return to these principles so our economy can thrive again. When enacted, my plan will provide both short-term stimulus and lay the groundwork for long-term prosperity.

Other candidates talk a lot about stimulus packages, but my record stands alone. I have fought for these measures for years as a member of Congress and will make them a top priority as president.

Ron Paul, a 10-term Republican Congressman from Texas's 14th District, is currently the ranking member of the House Financial Services Committee's Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. He has been named "Taxpayers' Best Friend" for 10 consecutive years by the National Taxpayers' Union. Ron Paul is also the author of several books on monetary policy and economics.

The Four-Point Plan

Tax Reform: Reduce the tax burden and eliminate taxes that punish investment and savings, including job-killing corporate taxes.
Spending Reform: Eliminate wasteful spending. Reduce overseas commitments. Freeze all non-defense, non-entitlement spending at current levels.
Monetary Policy Reform: Expand openness at the Federal Reserve and require the Fed to televise its meetings. Return value to our money.
Regulatory Reform: Repeal Sarbanes/Oxley regulations that push companies to seek capital outside of US markets. Stop restricting community banks from fostering local economic growth.

1. Tax Reform

Eliminate Taxes on Dividends and Savings. The basis of capitalism is savings, and Americans who do so should be rewarded.
Pass HJ Res. 23 to encourage savings over consumption.

Repeal the Death Tax. Attacking small businesses and breaking up family farms smothers growth and kills jobs.
Pass H.R. 2734 to make the Bush tax cuts permanent.

Cut Taxes for Working Seniors. Grandmothers and grandfathers working to make ends meet should keep all the fruits of their labor.
Pass H.R. 191 to amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.

Eliminate Taxes on Social Security Benefits. That money belongs to seniors, not the government. They paid into the system for a lifetime, and they should be free to spend every penny as they see fit.
Pass H.R. 192 to amend the Internal Revenue Code of 1986 to repeal the 1993 increase in taxes on Social Security benefits.

Accelerate Depreciation on Investment. We need to help companies grow and create jobs.
Pass H.R. 4995 to amend the Internal Revenue Code of 1986 to reduce corporate marginal income tax rates.

Eliminate Taxes on Capital Gains. Investment should be embraced and rewarded.
Pass H.J. Res 23 (The “Liberty Amendment”), proposing an amendment to the Constitution of the United States relative to abolishing personal income, estate, and gift taxes and prohibiting the United States Government from engaging in business in competition with its citizens.

Eliminate Taxes on Tips.The single parents and working students who earn their income chiefly through tips deserve to keep all of their money. This tax on "estimated income" is unfair and should be ended.
Pass H.R. 3664 to amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes.

Support the Mortgage Cancellation Relief Act. Working families who lost their homes should not be punished a second time with a big IRS bill.
Pass H.R. 1876 to amend the Internal Revenue Code of 1986 to exclude from the gross income of individual taxpayers discharges of indebtedness attributable to certain forgiven residential mortgage obligations.

2. Spending Reform

Reduce Overseas Military Commitments. Our bases and troops should be on our soil.
It's time to stop subsidizing our trading partners in Europe, Japan and South Korea.

Freeze Non-Defense, Non-Entitlement Spending at Current Levels
I vote against all bloated, pork laden spending bills and will veto them as president.

3. Monetary Policy Reform

Televise Federal Open Market Committee Meetings. An institution as powerful as the Federal Reserve deserves full public scrutiny.

Expand Transparency and Accountability at the Federal Reserve
Pass H.R. 2754 to require the Board of Governors of the Federal Reserve System to continue to make available to the public on a weekly basis information on the measure of the M3 monetary aggregate and its components.

Return Value to Our Money. Legalize gold and silver as a competing currency.
Level the long-term boom and bust business cycle by passing H.R. 4683, which would repeal provisions of the federal criminal code relating to issuing coins of gold, silver, or other metal for use as current money and making or possessing likenesses of such coins.

4. Regulatory Reform

Repeal Sarbanes/Oxley. It has seriously wounded our capital markets and helped make the UK a financial center at our expense.
Ending these misguided regulations would bring jobs flooding back to the United States

Pass H.R. 1049 to reform Sarbanes-Oxley and reduce the burden it places on small businesses.

Repeal or Remove Costly and Unnecessary Federal Regulations. Neighbors know best how to help their neighbors.
We need to make it easier for community banks, credit unions, and other financial institutions to better serve their communities and to help people in these communities get access to credit and capital.
Pass H.R. 1869 to enhance the ability of community banks to foster economic growth and serve their communities, boost small businesses, increase individual savings, and for other purposes.

Some of it sounds crazy but if it works cool. At least you brought up some of Pauls ideas. Anyway whats Paul's take on Health Care? Thats why I would vote for a President.

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Sorry everyone, but Iraq did go uranium shopping in Niger.

In the late 1980s, the Iraqi representative to the International Atomic Energy Agency—Iraq's senior public envoy for nuclear matters, in effect—was a man named Wissam al-Zahawie. After the Kuwait war in 1991, when Rolf Ekeus arrived in Baghdad to begin the inspection and disarmament work of UNSCOM, he was greeted by Zahawie, who told him in a bitter manner that "now that you have come to take away our assets," the two men could no longer be friends. (They had known each other in earlier incarnations at the United Nations in New York.)
At a later 1995 U.N. special session on the Nuclear Non-Proliferation Treaty, Zahawie was the Iraqi delegate and spoke heatedly about the urgent need to counterbalance Israel's nuclear capacity. At the time, most democratic countries did not have full diplomatic relations with Saddam's regime, and there were few fully accredited Iraqi ambassadors overseas, Iraq's interests often being represented by the genocidal Islamist government of Sudan (incidentally, yet another example of collusion between "secular" Baathists and the fundamentalists who were sheltering Osama Bin Laden). There was one exception—an Iraqi "window" into the world of open diplomacy—namely the mutual recognition between the Baathist regime and the Vatican. To this very important and sensitive post in Rome, Zahawie was appointed in 1997, holding the job of Saddam's ambassador to the Holy See until 2000. Those who knew him at that time remember a man much given to anti-Jewish tirades, with a standing ticket for Wagner performances at Bayreuth. (Actually, as a fan of Das Rheingold and Götterdämmerung in particular, I find I can live with this. Hitler secretly preferred sickly kitsch like Franz Lehar.)
In February 1999, Zahawie left his Vatican office for a few days and paid an official visit to Niger, a country known for absolutely nothing except its vast deposits of uranium ore. It was from Niger that Iraq had originally acquired uranium in 1981, as confirmed in the Duelfer Report. In order to take the Joseph Wilson view of this Baathist ambassadorial initiative, you have to be able to believe that Saddam Hussein's long-term main man on nuclear issues was in Niger to talk about something other than the obvious. Italian intelligence (which first noticed the Zahawie trip from Rome) found it difficult to take this view and alerted French intelligence (which has better contacts in West Africa and a stronger interest in nuclear questions). In due time, the French tipped off the British, who in their cousinly way conveyed the suggestive information to Washington. As everyone now knows, the disclosure appeared in watered-down and secondhand form in the president's State of the Union address in January 2003.
If the above was all that was known, it would surely be universally agreed that no responsible American administration could have overlooked such an amazingly sinister pattern. Given the past Iraqi record of surreptitious dealing, cheating of inspectors, concealment of sites and caches, and declared ambition to equip the technicians referred to openly in the Baathist press as "nuclear mujahideen," one could scarcely operate on the presumption of innocence.
However, the waters have since become muddied, to say the least. For a start, someone produced a fake document, dated July 6, 2000, which purports to show Zahawie's signature and diplomatic seal on an actual agreement for an Iraqi uranium transaction with Niger. Almost everything was wrong with this crude forgery—it had important dates scrambled, and it misstated the offices of Niger politicians. In consequence, IAEA Chairman Mohammed ElBaradei later reported to the U.N. Security Council that the papers alleging an Iraq-Niger uranium connection had been demonstrated to be fraudulent.
But this doesn't alter the plain set of established facts in my first three paragraphs above. The European intelligence services, and the Bush administration, only ever asserted that the Iraqi regime had apparently tried to open (or rather, reopen) a yellowcake trade "in Africa." It has never been claimed that an agreement was actually reached. What motive could there be for a forgery that could be instantly detected upon cursory examination?
There seem to be only three possibilities here. Either a) American intelligence concocted the note; b) someone in Italy did so in the hope of gain; or c) it was the product of disinformation, intended to protect Niger and discredit any attention paid to the actual, real-time Zahawie visit. The CIA is certainly incompetent enough to have fouled up this badly. (I like Edward Luttwak's formulation in the March 22 Times Literary Supplement, where he writes that "there have been only two kinds of CIA secret operations: the ones that are widely known to have failed—usually because of almost unbelievably crude errors—and the ones that are not yet widely known to have failed.") Still, it almost passes belief that any American agency would fake a document that purportedly proved far more than the administration had asked and then get every important name and date wrapped round the axle. Forgery for gain is easy to understand, especially when it is borne in mind that nobody wastes time counterfeiting a bankrupt currency. Forgery for disinformation, if that is what it was, appears at least to have worked. Almost everybody in the world now affects to believe that Saddam Hussein was framed on the Niger rap.
According to the London Sunday Times of April 9, the truth appears to be some combination of b) and c). A NATO investigation has identified two named employees of the Niger Embassy in Rome who, having sold a genuine document about Zahawie to Italian and French intelligence agents, then added a forged paper in the hope of turning a further profit. The real stuff went by one route to Washington, and the fakery, via an Italian journalist and the U.S. Embassy in Rome, by another. The upshot was—follow me closely here—that a phony paper alleging a deal was used to shoot down a genuine document suggesting a connection.
Zahawie's name and IAEA connection were never mentioned by ElBaradei in his report to the United Nations, and his past career has never surfaced in print. Looking up the press of the time causes one's jaw to slump in sheer astonishment. Here, typically, is a Time magazine "exclusive" about Zahawie, written by Hassan Fattah on Oct. 1, 2003:
The veteran diplomat has spent the eight months since President Bush's speech trying to set the record straight and clear his name. In a rare interview with Time, al-Zahawie outlined how forgery and circumstantial evidence was used to talk up Iraq's nuclear weapons threat, and leave him holding the smoking gun.
A few paragraphs later appear, the wonderful and unchallenged words from Zahawie: "Frankly, I didn't know that Niger produced uranium at all." Well, sorry for the inconvenience of the questions, then, my old IAEA and NPT "veteran" (whose nuclear qualifications go unmentioned in the Time article). Instead, we are told that Zahawie visited Niger and other West African countries to encourage them to break the embargo on flights to Baghdad, as they had broken the sanctions on Qaddafi's Libya. A bit of a lowly mission, one might think, for one of the Iraqi regime's most senior and specialized envoys.
The Duelfer Report also cites "a second contact between Iraq and Niger," which occurred in 2001, when a Niger minister visited Baghdad "to request assistance in obtaining petroleum products to alleviate Niger's economic problems." According to the deposition of Ja'far Diya' Ja'far (the head of Iraq's pre-1991 nuclear weapons program), these negotiations involved no offer of uranium ore but only "cash in exchange for petroleum." West Africa is awash in petroleum, and Niger is poor in cash. Iraq in 2001 was cash-rich through the oil-for-food racket, but you may if you wish choose to believe that a near-bankrupt African delegation from a uranium-based country traveled across a continent and a half with nothing on its mind but shopping for oil.
Interagency feuding has ruined the Bush administration's capacity to make its case in public, and a high-level preference for deniable leaking has further compounded the problem. But please read my first three paragraphs again and tell me if the original story still seems innocuous to you.

You should pass this on to George Bush so he can hold it up at a press conference. Look at all the trouble it has caused him. What right wing site did you copy that from?

Zahawie
Isn't this the guy who has been shown to be a pathological liar? Pretty sure. He is the one who was feeding the Bush administration enough BS to fill yankee stadium.

Give me strength. Sorry this is complete BS.

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