Forex Trading News – Discover How to Use it For Bigger Profits

We have better and faster news sources than ever, yet most traders fail to use the news correctly and end up losing. Here we will show you the right way to use it and how to make huge profits.

Here we will examine why you can’t trade news by itself – but how you can use it to spot sentiment changes and great risk reward trades.

FACT: The News is unimportant by itself.

The news itself is not important in any financial market and that includes forex – it’s how the participants as a group react to them which is important.

While all traders have the same facts to look at, they all draw different conclusions and their conclusions combined; all added up equal the price.

Markets Discount

Many traders make the mistake of trading news stories and opinions they see; what they fail to think about is – the news is instantly discounted and the market is looking forward to the future and in addition, the news reflects the greed and fear of the majority who lose.

Judging Sentiment

You can’t follow news stories and trade them this is a recipe for disaster.

We know from history that markets collapse when they are most bullish and rally when they are most bullish.

Greed, Fear News and Profits

If you follow forex charts you can see the reality of price and you can also see price spikes, where the participants push prices to far away from fair value, due to greed and fear.

It is here the news is very useful.

You can see these spikes on a forex chart, they never last long and forex news can be very useful for taking a contrary trade and timing your trading signal.

Trading in a Contrary Fashion for Huge Gains

If you have news saying the market will never stop rising or falling chances, are you have climax of greed and fear. The herd will simply push prices to far from fair value.

You saw this in the recent dollar bottom as the bearish argument became totally discounted. If you believed the news, there were no problems in other countries (there were and are) oil was going to go to $200 a barrel (despite global demand falling) and the US economy would not see rate rises soon (despite the fact they indicated they would). If you sat back and looked at these facts, you would see that dollar selling was overdone – what happened next?

The dollar made a huge rally.

If you used your forex charts you would have seen the spike climax, then a collapse and made several thousand pips profit.

Will Rodgers once said, “I only believe what I read in the paper”

He was joking but traders often take what the papers say as gospel and lose.

If it were easy to follow the news and trade in the direction it recommended, far more traders would win.

The way to use news is to judge sentiment and look closely at its impact if you can do that forex news can give you some fantastic trading opportunities and profits.

Posted in news | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off

The Booming Real Estate Market In Abbotsford

The real estate market in Abbotsford can be said to be going through a season of boom at the moment – and rightly so. This is cheering news to both peppery owners looking to sell as well as prospective buyers.A lot of factors can be credited for this fact, including the general outlook of the real estate market world over (which seems to be on the up).The most important reason why this season of boom began has to be the housing crunch that beleaguer Vancouver, forcing residents further east, with the ripple effect of increased demands for properties that was followed by more properties getting developed to handle the new found demand.The number of people (mostly families) moving into Canada in recent times has done a lot to raise property demands, with a high number of them moving to British Columbia – and by extension – Abbotsford have over the last few years created the realities of today’s real estate market in Abbotsford, B.C. The development of new homes for sale in Abbotsford was aimed at addressing this singular issue of population increase, and today that has turned the area into a real estate hot spot. Property value has increased too, meaning that sellers can get more for their investments.Moving forward, Abbotsford realtors have taken advantage of the situation while at the same time making the situation more sane and organized. They have leveraged on the unique position the area happens to present at the moment, and have created a booming market with steadily increasing returns quarter on quarter and year in a year.Talking statistics, according to the British Columbia council figures, the population of Abbotsford is estimated at around 143,000 persons, and expected to grow to 152,000 by the end of 2021. Furthermore, the 5 – year growth projections are expected to follow the same trend of 10,000 new entrants or more in that period. This can only mean better for the real estate scene in the area.Abbotsford new homes for sale are attracting attention for more reasons than just the location. Abbotsford realtors provide several incentives to tilt buyers minds their way when it comes down to choosing to purchase a home there or elsewhere. Custom made homes are available for those who like to have their home reflect much more of them than normal, there are also financing schemes available to help pay for the properties to be purchased.Property sellers and realtors continue to pursue the development of additional properties to cope with present or possible future demands for housing in Abbotsford, this will ensure that the boom in real estate the area enjoys does its part in enabling the development of the area. Abbotsford is also known as City in the Country, Living in Abbotsford gives you the feeling of country style living with the amenities of a big city.On a final note, buyers and sellers alike can key into the opportunity presented by the real estate boom being enjoyed in Abbotsford, B.C. Sellers, and realtors by ensuring the acquisition of properties by the right buyers, and buyers, getting themselves their property as the values are projected to go through the roof in the near future.

Posted in Real Estate | Tagged , , , , , , , , , , , | Comments Off

Whole Life Insurance

Many business owners poo-poo whole life insurance because they say it’s too expensive. Instead, they say buy term insurance (which is cheaper) and invest the rest. But the thing is, most people don’t end up investing the rest. So the money ends up going to other things.But for some business owners, whole life insurance may be just what the doctor ordered.First, let’s get a few facts out of the way. Term insurance is where you rent life insurance for a specific period of time. The average term policy is around 20 years. If you die during the term, your heirs will receive the face amount of the policy.If you are still alive at the end of the term of the policy, you get nothing. In other words, you don’t earn anything on the money that you are using to buy life insurance. Nada. Zilch. A big goose egg. Obviously, you are not looking to win by buying life insurance. You are looking to protect your family if something should happen to you.Whole life insurance, otherwise known as permanent insurance, is a type of insurance that will pay your beneficiaries when you die as long as you pay the premiums to keep it in force.The premiums you pay are fixed. The policy is not for a set term, meaning that your heirs will get the insurance proceeds when you die.Whole life insurance is more expensive than term insurance for several reasons.• The insurance company will eventually have to pay your heirs, so there is a higher cost to insure you because the policy will pay out.• Part of the premiums that you pay into the policy will be invested mostly in bonds by the insurance company and used to pay you a cash value.• The cash reserve which builds up is tax deferred and usually guaranteed. You can withdraw up to the amount of money you put in the policy tax free, since it is a return of your principal.• You can also take a loan against the cash value.• The first few years’ cash value goes to the insurance company for administrative costs, and also as a commission to the insurance agent who sold you this policy. If you don’t want to use an insurance agent to by whole life, you can buy no load whole life insurance – just Google it.I am a fee only financial planner. I don’t sell any insurance. But I think you may want to consider whole life insurance as part of your overall investment portfolio, especially if you are a business owner. Why? Here are my 5 reasons:1. You usually invest a lot of your money back into your business. While it’s always good to reinvest in your business, it’s also a good idea to diversify and invest in places outside of your business. Whole life insurance is a forced savings plan. You are buying this with after tax money in your name. After about 10 years of contributions, the cash value really starts to build up and grow. This could be a great way to fund your retirement. When you get the premium notice from the insurance company, you are most likely going to follow through and pay because you want to protect your heirs. Bottom line, you will keep paying.2. Your business is inherently risky. You could have 3 clients that make up 80% of your revenue. Or, your industry could be the 1st thing that people cut back on when the economy gets bad. So you want to invest in something low risk with some sort of guarantee — something to fall back on for peace of mind. Another way to think about it? If you’ve never been good at investing in stocks and stock mutual funds, whole life insurance could be a safer way to invest.3. Whole life insurance buys you flexibility in retirement. You could tap into the cash value in retirement or not touch it, spending down your other retirement assets, knowing that your heirs will inherit the insurance policy. The insurance policy gives you more freedom to spend your money if you still want to leave something to your heirs, like a younger spouse with a longer life expectancy.4. You want a line of credit to use for your business. But you can’t get a home equity line of credit or you don’t want to go through underwriting at a bank to get a business loan (it’s tough to get a loan if your business is down,) and you need money quick. You can borrow money from the cash value of your policy. If you do this, make sure you have a source of funds to pay this back. The last thing you want to do is invade an insurance policy’s cash value that took years to build up, and not have a plan for paying it back. That would be a major buzz kill. The current rates to borrow on a policy right now are somewhere around 6-8%.5. If you die and you don’t have a plan for who will buy your business, you know your heirs will inherit some money, no matter how old you are.You need to do what’s right for you. That always the case. But before buying any type of life insurance, review all of the features, benefits, and costs with your insurance agent. Make sure you understand what you are buying.

Posted in life insurance | Tagged | Comments Off