Why you should consider opening a High Interest Savings Account

For Australians in-particular, there has never been a better time for applying to a high interest savings account, particularly with new bank offers such as Commonwealth Banks ‘Netsaver‘ and Bankwest’s ‘Telenet Saver‘.

With such fierce competition in the Australian bank market, banking firms have no choice but to keep offering and releasing new savings accounts with consistently better features.

Regardless of your socio-economic background and situation, having even a minor sum of funds in a savings accounts can compound relatively fast. It also provides less incentive to spend, as commonly, these accounts are not accessible from ATM/Eftpos machines.

Having a separate high interest account comes down to greater efficiency of storing your money over a traditional transaction account, from higher interest payments.

They also include extra savings bonus’s, such as extra interest if no withdrawals have been made in a certain time frame.

According to research by the Investment and Financial Services Association, Between 1990 and 2006, Australian’s statistically saved an average of approximately 2.88% of their disposable incomes – the lowest of all westernised countries. This is far inferior amount to France for instance at 12.1%, who is not even the leader in disposable savings.

Be wary of the Fine Print

Be very careful and make sure you analyze the terms and conditions of your new potential high interest savings account closely.

Although most are authentically beneficial, some have negative features such HSBC’s ‘Serious Saver account’, which only compounds and adds interest when there have be no withdrawals throughout the month.

Apart from nuisances like that, make sure not to avoid paying fees and regular payments, to avoid more serious fines, or dishonoured, bad credit rating.

Do you have enough Discipline to Save your Money?

Like many, the incentive of excess funds mixed with the impulses of sudden spending are hard to ignore. For the majority of savings account (particularly online savings accounts), it takes effort withdrawing your funds, reducing the chance that you will unnecessarily withdraw funds.

If you believe you can efficiently control the amount of money you withdraw and save, then a Cash Management Account, which allows money withdrawn at hand any time, would be more suited for your lifestyle.

Miek helps administrate an site, Credit Card Finder.
For more information on credit cards and the latest high interest savings account offer, visit Credit Card Finder’s page for the offer.

Easy Chair Millionaire?

First things first, if you already have not heard about the new product from Easy Chair Millionaire, then probably you’re looking for a another sauce or extra source of income for yourself. Then this is the program for you, it will show you how make crazy amount of money on the internet at home.

The creator of Easy Chair Millionaire quotes that he is the laziest person, or should I say laziest millionaire there is. He also states that he knows all the possible ways to make easy money on the internet. He shows you what accounts you will need to open (Free Accounts) and start raking in the money.

Is Easy Chair Millionaire for real?

No doubt that you think to yourself, this isn’t real this is a rip off, the usually stuff you say in your head. Because I know I did, I did it with a lot of eBooks out there, I’m not going to lie, I always wanted to buy one, but because I was a student I just didn’t have the money to buy any. But a year later I decided to spend my Christmas money on one of these products. And I searched the internet like you do to see what is the best one, and for some reason I came across the Easy Chair Millionaire program, it was so easy and I mean very easy I started earning a nice income online. The Easy Chair Millionaire shows you how to open multiple account that are free on the internet, that will start bringing in a steady amount of money each month. It only takes 3 hours to finish the Easy Chair Millionaire and get started on your wealthy income for the future.

As I started using Easy Chair Millionaire I found that it said I could be making profits in as little as 1 day. But from my experience and I was a beginner just like any of you, I didn’t make any profits until a week later, when I learnt what I needed to and started using it to my advantage in a professional way. Since then I made FANTASTIC money in my bank.

is a great starting place for you; it is fully loaded with graphical detailed information and step by step guide to help you get on your way. is what you need to become wealthy.

I first starting investing in gold back in 2002 before it started making its major leg up. The reason for investing in gold was simple, yet many felt I was wrong for doing so. I choose to invest in gold because we were living in a debt based economy and gold has an excellent, long-term historical track record of preserving value. I noticed the total supply of dollars being printed each year by the Federal Reserve was growing at a dramatic rate of 13%.

I noticed housing prices growing at an alarming rate relative to median income levels and understood the end game was default. Over the past 25 years we’ve heard people say gold is just an “ancient relic” that holds no real value and watched the price fall to $264. The cost associated with mining has increased while the price of gold went down. This caused a lack of interest in global gold exploration and ultimately led to a decrease in supply and to the “The Gold Bull Market” we’ve seen.

Now we are 7 years into “The Gold Bull Market” and experts are saying we’ve peaked out just above $1,000/oz $US and we’ve reached the end of the great move. While many people would agree with this statement, I disagree based on the continued fundamental weakness in the US Dollar. We can’t print our way to prosperity and every issue the US economy is facing now needs to be addressed. We’ve seen gold sell off, like it always does after making amazing moves up. People got exuberant and bought towards the high and now regret it. We see people shaken out so the strong hands can accumulate positions. As gold regains its moving averages and starts to gain momentum, we will likely see a retest and break of the all-time highs.

To learn more about the gold market join

A forex trader without a specific trading system is like a seaman going on a voyage without a compass. Any wind is good because he doesn’t have a specific predetermined direction. He is called a discretionary trader. At the end of the day he arrives at the destination called frustration.

However, most of the forex trading systems that have been developed could be very tedious to trade because you just have to sit there for many hour watching out for the right set up, and sometimes not helpful at all due to the fact that they make use of market following indicators that just actually tell you what has just happened. So the essence of this writing is to give you, free of charge, a system that helps me overcome these challenges and trade profitably.

This system is meant for day traders because it makes use of daily technical levels i.e. daily pivot levels with some considerations for Fibonacci levels. Don’t worry about the stress involved in the determination and placement of these levels; there’s an indicator called fiboPiv_v2 which is available at the online library of Metatreder4 trading software that does all the hard work for you.

Currencies: This system works well on EUR/USD, GBP/USD and AUD/USD. These currencies obey technical rules quite well.

Time Frame: Hourly.

Indicators: FiboPiv_v2. Just double click on Meta editor at the tools bar of MT4, click on the online library, then on indicators and scroll down the list to find it. Once you find it click on it to highlight it, and then click on download. Once it’s correctly done it will give you a report with zero error. Then go back to the platform and open the indicator window, you’ll find it among the custom indicators. Double-click on it while the chart e.g. EUR/USD (H1) is open and just click on OK. It will automatically give you the support and resistance levels every day at 5p.m EST.
In addition to this you would also impute RSI 14, and Bollinger band 3 for detecting trends and their tops and bottoms.

Chart settings: Use candle stick charts at about 75%, and set the period separators. You could do that by right clicking on the chart and selecting properties at the end of the list. Click on common and check the period separator.

Risk-Reward: 1.5. (20pips stop loss and 30pips take profit).

Strategy: The settings have to be done anytime between 5p.m EST and London open at 3a.m EST. Let’s assume that at 5p.m EST the price is above the pivot point and below R1, just place a buy pending order between 7-10 pips above R1 and a stop loss 20pips from that price, and your take profit should be 30pips from the entry price. For the sell place a sell pending order 7-10 pips from the pivot point and a stop loss 20pips from the entry price, and your take profit 30pips form the price.

Note: The middle line of the Bollinger band will let you know the trend, while the RSI will give you top and bottom hint through divergence and overbought or oversold. Be careful about selling at the bottom or buying at the top. Better still avoid it all together.

Caution: A ranging market day or more usually follow a trending day, while the range between the technical levels will be wide. So you may want to adjust your take profit and stop loss according to what is expected e.g. 20:15.

If the system is properly used you could expect between 60-70% winner which should be profitable on a 1.5 risk reward. Please demo trade it first! The major advantage of this system is that you don’t have to be there 24/7 because it makes use of pending orders at technical level. This affords you the luxury of logical, emotion and stress free trading. That’s why I call it an “easy to use; almost automated” technical level forex trading system.

What more? If you want an absolutely accurate and fully automated trading system that uses 50 modern indicators and makes money with impunity (almost $5000 for me within 3 weeks of partial use) please visit You’ll find out how to get it “FREE” and also find some very useful technical analysis infomation there e.g Multiple time frame analysis.

Over the last seven years the amount of money professionally managed in the commodity futures markets has more than quintupled! According to hedge fund tracking firm Barclays, assets under management rose from roughly 41 billion dollars in 2001 to more than 219 billion dollars today!

As worldwide demand for commodities continues to heat up and more and more investors (both institutional and individual) begin seeing commodities as a viable investment vehicle, this trend is likely to continue. This growth has also increased the need for effective ways to choose a commodity trading advisor. In this article we will outline what we feel are some of the best tools and methods available to the individual investor when choosing which managed futures product to invest in.

First things first, let’s define what managed futures are and what they are not. Managed futures are not stocks or ETF’s that simply invest in commodities. Managed futures accounts are investments in which funds are invested in mostly leveraged, future dated contracts for the actual physical commodities or financial instruments. Commodities can include sectors such as food, energy, raw materials and also financial instruments like interest rates and stock indices.

The leverage, risks and rewards can be (but are not always) substantially higher when investing in the futures markets vs. the stock market. Managed futures investments in the United States are regulated by both the National Futures Association and the Commodity Futures Trading Commission (unless the firm / fund have “exempt” status). Regulated firms are licensed as Commodity Trading Advisors (CTA’s) or Commodity Pool Operators (CPO’s). However, keep in mind that just because a firm is licensed or regulated, this is in no way an endorsement of potential performance. Futures trading can carry large potential risks and is not for everybody. Investors should fully familiarize themselves with all applicable risks and disclosures prior to making any investments.

Finding lists of potential managers to sort through is relatively easy if you know where to look. Firms such as Barclays Trading Group, Stark Research, Autumn Gold and Altegris Investments have databases of manager information available. One resource we particularly like is website of IASG .Institutional Advisory Services Group provides a free (with registration) online database of over 450 programs. In addition, the programs can be sorted by a wide range of parameters such as minimum account size, funds under management, various performance measurements etc.

The only problem we see with the online databases is that it can become somewhat overwhelming to try and narrow down your choices to just a handful of managers. In order to make the process a little easier we would like to share with you what we think are some of most important performance metrics to pay attention to.

First recommendation, forget return! The least meaningful statistic often is a manager’s return. How can that be you ask? What matters is RISK ADJUSTED RETURN. Just because somebody bet the farm and got lucky does not mean it was a good idea. Sooner or later (most often sooner) the inevitable wipe out will occur with a manager betting too aggressively.

There are a number of traditional risk adjusted return measurements, the most popular of which being the Sharpe ratio. The Sharpe Ratio compares the return relative to the underlying volatility in the investment. While fundamentally we are in complete agreement with the Sharpe Ratio’s logic, we feel it has one serious flaw. The flaw is that the Sharpe Ratio only views past volatility and makes no attempt to try and predict future volatility. As a result, we feel the Sharpe ratio does not give an adequate view of the potential risks involved in a program.

A good example of this comes from the world of the “option writers” (those who sell options). Since most options expire worthless it’s not uncommon for managers that sell options (and have a good approach) to have excellent Sharpe Ratios. They can have very smooth looking equity curves that have produced for many years. However, just because an equity curve looks smooth and consistent does not mean it will stay that way. What happened in the past is meaningless if you don’t have the same results in the future. Unfortunately, option sellers with longer term excellent track records have been known to have very quick spectacular “blowups”. The problem, in our opinion, is that past volatility is not a good predictor of future volatility.

What is a good predictor you ask? In our opinion one of the best volatility predictors is called the “Margin to Equity Ratio” (MTE). The MTE tells you approximately how much of your investment would be used for margin purposes. This number will vary day-by-day for a given manager but you can get the average range. If for example a managers MTE was 10% this means that for every $100,000 invested the manager uses approximately $10,000 of that for margin at any given time. Keep this in mind; the exchanges set margin based on their approximations of risk. The higher their perceived risk in a contract the higher the margin they set. We encourage you to think just like the exchanges and raise your expectations for potential risk as the MTE goes higher. If we go back to the example of the option writers with good Sharpe ratios you will also often see that they have very high MTE ratios. We believe that these high MTE ratios could have been the tip off to have avoided many disastrous scenarios. Once again, just as the exchanges often raise margin requirements as their expectation of volatility rises, so too do we see the potential for volatility (risk) to be higher as the MTE rises.

Another important use of the MTE comes down to simple math. If you have two managers that both made a $30,000 return yet one used $30,000 in margin to do it and the other used $60,000 in margin to do it then the results are not the same. Based on margin usage one manager’s return was twice as high as the others. This is very important to keep in mind because often managers can appear to have very similar performances but when you dig down into their margin usage you see large differences.

What is an ideal MTE? In our opinion we don’t like to see margin to equity ratios much above 10%. This is on the low end of the spectrum for managed futures accounts and eliminates the vast majority of managers. While it is true that having a low MTE is no guarantee of lower risk (managers with low MTE’s can “blowup” too) we feel that at the minimum it is possibly a good indication of sound risk management. Once again, it is our belief that as the MTE rises so does the potential for risk. There is also a related risk measurement often referred to as “portfolio heat” that uses similar concepts.

In summary, what we suggest is that you compute returns not based on what the manager reported, but rather on what the return was based on margin (you should also compute the risk and drawdown the same way). This will level the playing field and allow you to compare apples-to-apples. Furthermore, we are in favor of being on the conservative side of the MTE spectrum, for us that means that we would likely reject any manager with a ratio above 10%. Using this method can help you narrow down your list of choices to a manageable number rather quickly. After you have done this then you can then look and compare all of the other risk adjusted performance measures and further refine your selection. (At this risk of this article being too long we will save the other risk adjusted performance measurement discussions for future installments).

We want to caution once again that ultimately no measure is a guarantee or assurance against risk or losses. Past performance is not necessarily indicative of future results. Futures’ trading involves high risks and is not for everybody. We are simply sharing with you what we feel is the best method by which to select a manager.

Sincerely,

Dean Hoffman

Mr. Dean Hoffman attended Pennsylvania State University where he studied computer science. In 1987 Mr. Hoffman initially began his career as a commodity broker and worked for several large futures commission merchants in Chicago. After many years as a broker, Mr. Hoffman formed his own trading firm at the Chicago Mercantile Exchange. Throughout this period Mr. Hoffman intensively researched and developed algorithmic trading systems. In 2001 Mr. Hoffman formed a financial software firm, Strategic Trading Systems, that markets algorithmic trading systems. This firm is a corporation that has been registered with the CFTC as a commodity trading advisor since February 2000, and Mr. Hoffman has been registered with the CFTC as its sole associated person since that date. In June 2004 Mr. Hoffman formed Hoffman Asset Management Inc. He became registered with the CFTC as an associated person of Hoffman Asset Management Inc. on August 4, 2004, and he became an NFA Associate on the same date. Mr. Hoffman is responsible for all trading decisions as well as the day-to-day operations of the Advisor.

Mr. Hoffman resides in Central Pennsylvania with his wife and three children.

Website:

For a related article to this topic please visit the following URL: “The Small Futures Account Conundrum”

Proper money management in forex trading is essential for long term successful trades. This usually means among other things, setting a stop loss to control losses. The tricky part is how much of a stop loss should you set? If you set too much of a stop loss you are exposing yourself to excessive risk and the possibility of losing a large amount if the trade reverses. On the other hand if you set too narrow a stop loss you run the risk of being stopped out of the trade if the temporary replacement goes beyond your stop loss and then resumes the original direction.

I learned the need for this on a trade I did today. The trade signals were strong and an entry signal was triggered. I entered the trade, set my take profit level, and set a narrow stop loss of about 15 pips. It was a long trade and it was going well and strongly moving in the direction that I wanted it to.

Then a correction came which always comes and usually is not a problem, however, being overcautious and conservative,it worked against me and the reversal was more than my stop loss. I was stopped out of the trade with a 14 pip loss. The trade then shortly reversed again and continued in the original direction. If my stop loss had been set at say 25 or 30 I would have been able to meet my profit objective on the trade.

Lesson learned: Set a wider stop loss. On the EUR/USD this should probably be at least 30 pips since most of the replacements are within this range.

The reason I set such a narrow stop loss is because of the fear of losing more than I was comfortable with. Remember, in a previous article I told you that this is one of the things that kills long term success. Here is a real life situation.

Of course, a wider stop loss is recommended in the Forex Trading Machine which is the system I am using. I thought I could do better by being more conservative. Then I realized that Avi Frister, the author, knows what he is talking about.

My trades have been successful, but I will get greater success closely following his system.

Mark Hines is a forex trader who discusses his and others experiences in forex trading. If you would like to look over his shoulder while he trades the market daily go to:

This is a simple online business which can be learned by anyone, only requires small capital and is all about working smart and learning the right education rather than working hard. After a learning period of about two weeks, you can run it in about 30 minutes per day and no selling is required!

This business involves you taking responsibility for your destiny and allows you to build a great second or even life changing income. If you have the right mindset, a willingness to work hard and a few hundred dollars, you’re all set to get started.

The business is becoming a forex trader from home. Hang on! You may say, I couldn’t do that!

Well the answer is you can, as everything about this simple online business can be learned.

Let’s check out the advantages which are numerous:

- You don’t need a college education and can learn this business in about 2 weeks

- You can then run the business in about 30 minutes per day

- You only need an internet connection, a computer and a few hundred dollars

- No selling is required and no stock

- There is never a recession as one currency goes up, another must come down and vice versa

- You can take holidays when you wish

- There are opportunities everyday

And now the really big advantage which gives this business such profit potential, you can leverage your investment.

- Put down $500 with a broker and they will allow you leverage of 200: 1. This means you can trade $100,000! This leverage is granted to you as soon as you open an account and you can use it to your advantage.

Of course, leverage increases rewards and also increases the risk – but if you have the right risk control and mindset you can leverage your money and make huge gains.

Currencies trend for weeks, months or years i.e. they move in the same direction and these trends are the ones you need to lock into – cut your losses quickly and run your profits.

The best way to trade is to use forex charts and learn to spot repetitive chart patterns and this is a learned skill.

You then simply buy or sell when the odds are in your favor. These formations can be learned in a few weeks and will put the odds on your side when trading.

The real difference between winning and losing is risk control. You must take your losses quickly and hang on and hold your profits but this again is a learned skill.

This is a business where your income can be a great second income or even a life changing one in time.

Becoming a professional forex trader is easier than most people think and doesn’t require much to start but has huge potential.

If you have never considered being a forex trader before and you are interested in a simple online business, then this one is hard to beat, in terms of what you can get for a modest investment of time and money.

Explore more about being a forex trader from home and you maybe glad you did.

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I’m going to share with you a currency trader’s characteristics. As traders we all have good and bad days and it’s not really that stuff that makes us lose money, it’s how we deal with it. It’s our characteristics as people that help us deal with it.

A good currency trader is always aware of their profit margin. We really aren’t trying to “win” trades. If there are any Texas Hold’em players, you know there are odds on hands, but there is also a thing called implied odds. All that means is that your odds on a hand could be 10%, but implied odds takes into consideration your potential profit. You could lose 10 times in the exact same situation and just win once and end up ahead. Same thing applies here. Never think of trades as “wins” or “losses”. It all comes down to profit. You could profit $1000 in the next 2 trades and than have 5 trades that lose $100 total. You’re still ahead by $900, even though you’re losing on the trade count. Always pay attention, your profit margins are more important than “winning” a trade.

A good currency trader always watches the morning news. They know that this is the single most profitable thing they can do that costs absolutely no money and requires absolutely no intellectual investment. They just sit down in front of television while drinking their morning coffee. The morning news is important because all the scheduled economic news comes out at that time. The economics of a country is the foundation that holds up a currency. You need to pay particular attention to the actions of a countries central bank because their policies inevitably control the supply of money, hence the price.

Lastly, a good currency trader uses automated software like Forex Killer. The reason they use it is because it allows them to free up time to do other things. You can sit on the computer for 15hr days, everyday. You need a break, you need to do other things. You can use this software to automatically sell if your trade is experiencing a loss or it can automatically sell when you reach a certain profit margin. It’s your choice because you get to control it. The software will also look through currency data and find profitable trends that you can make trades with.

For more information on the Forex Killer software, check out .