Money Management PIP Calculator

Money Management PIP Calculator

There are a lot of Systems out there and they all have there moments. Most of the information you read from the creator of that system show fantastic results and making huge amounts with very little money in the account. Sound familiar. What they are not telling you is that they are showing you the worst way to trade, OVER LEVERAGING YOUR ACCOUNT. This is why we developed the PIP Calculator. This will give you guidelines to follow when trading.

Most beginning traders believe that a good entry into the market is the key to success.
Unfortunately most are very wrong. Money Management is by far the most important criteria of
trading, Every successful trader will agree that managing your trades correctly is the most crucial element to consistently increasing your bottom line. Not to mention managing your money correctly, by limiting your risk to 2% to 10% of your account balance, at any given moment, in open positions, which will reflect your lots or trade positions.

Losing a trade or several trades in a row is just part of trading, get use to it. Unfortunately, markets move in unpredictable ways at times and even the best programs, even the ones I have reviewed, are not always right. In fact, most professional money managers trade with systems that are right only 50% of the time. How can they make the huge returns they claim if they are only profitable 50% of the time? Money Management!

If you're able to effectively manage your money you only need to be right about 50% of the time. The unfortunate thing about 95% of the current traders is that there primary focus tends to always be making money and not protecting their account balance or profits. This is where the Money Management PIP Calculator helps with this problem.

Let's assume for each $ 1000 we use to control a position that we are only willing to loose $ 100.00. Now we will also assume that for every trade you enter you expect to make at least twice what you're willing to loose. In the event your position goes your way, you would set a limit order for $ 200.00 and we will assume you have made a totaL of 10 trades, 5 winners and 5 losers. 5 Losses would be - $ 500 and 5 wins would be $ 1000. You have just increased your account by $ 500 and you are only right half the time.
The 7 Rules of good Money Management.

• DO NOT ENTER ANY TRADE WITHOUT A STOP LOSS.
• Always trade with a Risk Reward Ratio of 1 1/2 to 1 or better on every trade
• Never over leakage your account. True. Over risking will leave you with nothing for the next trade.
• Make realistic goals that can be achieved within reason. Take what the market gives you.
• Losses are part of Trading. move on to the next trade, and trust your system
• Take profits off the table in every trade.
• Only trade with money you can afford to loose. This will help your emotions in trading.

PIP Calculator comes with mouse over information to give you guide lines on how much to enter on a trade with most Currency pairs. It is set to work with all currency pairs. Click Money Management PIP Calculator for the calculator.

Things to Know Before Buying a Laptop or Desktop Computer

Things to Know Before Buying a Laptop or Desktop Computer

From the beginning to now, computers have always been a part of our life. People use them for different purposes in their day to day life. In today's busy life, it is almost impossible for us to pass a day without a computer as they are involved with almost every single task.

Particularly, there are two types of computers. One is a desktop which means the normal, usual computers and the other one is laptops which are actually portable computers. Although the demands for laptops are growing day by day, but the need of desktop computers will always be there. Laptop computers will not be able to replace desks completely as desks are more comfortable to use and they are reliable for powerful works.

Things to Consider

If you are thinking of purchasing a desktop computer or a laptop, then there some things you need to decide first. In other words, you need to take the decision according to your needs.

Think of your Requirements

Firstly, you need to ask yourself that what you actually need. If you want reliability and hardcore performance, then go for a desktop. But if you are a moving person and you want portability with performance, then go for a laptop. So, first decide what is your demands and what do you actually need.

Budget

After deciding which is right for you, the second most important thing is budget. Because this is the thing in which all the other facts depend on. So, first decide your budget and then go for a choice between the ranges of your budget.

If you are going for a laptop

If you have decided to go for a laptop, then there are some consideration facts before you make the purchase. The 3 major facts are:

1. Size

2. Specs

3. Battery Life

Size

The size of a laptop is the first thing to consider. Decide what display size you want and what should be the size of the actual laptop.

Specs

Specifications are the second most important thing. It includes processor, ram, hard disk, motherboard, etc. Go for the best specs that suit your requirements.

Battery life

As laptops are portable so they have a limited battery life. Some laptops offer a medium battery life and some offer heavy battery life. But they make some compromises according to price range.

If you are going for a desktop

Desktop computers are more reliable and comfortable to use in various places. But they are not portable. They are perfect for power users and for users who wants better performance. But if you are thinking of purchasing a desktop, here are the things you need to consider.

1. Hardware

2. Software

1. Hardware

The hardware segment includes parts such as monitor, keyboard, sound boxes, CPU and other parts. Choose all these parts according to your budget.

2. Software

Choose the OS platform you want to work on. There are different OS platforms such as Windows, Mac OS, Linux etc.

What Is Summit Fever?

What Is Summit Fever?

If you have ever thought about climbing Mount Everest then it is very likely that you will know all about the term Summit Fever. Many people have described it as an anticipation to reach the top of the mounting disregarding safety, and ethics, among other things. However, is Summit Fever a real thing? Or is it just a myth that was created to explain the actions of some climbers over the past couple of decades? Well, there are several theories that explain the so called Summit Fever.

There have been many examples of where Summit Fever has been mentioned in the media over the past couple of years that definitely do not paint the climbers in a positive light. For example, if you have read up about Mount Everest then you will probably have heard about Green Boots Cave. The reason this area of ​​the Death Zone on Mount Everest is called this is because there is a body of a climber in this area who has been nicknamed Green Boots, because of his luminous green climbing boots.

Several years ago there was a story running about come climbers who had come across Green Boots, which of course, they were already expecting to do. However, when they reached Green Boots they discovered what they thought was another corpse. However, it was actually a climber who was still alive, called Sharp. The climbers and the Sherpa decided that there was nothing that they could do for Sharp as he was past saving, and they continued on their way up to the top of Mount Everest. Several more climbers also came across Sharp, but still continued up the mountain in the aim of getting to the top. However, this raises several questions.

Why did not they put a halt to their expedition and try to get help for the stricken climber? He had no sleeping bag, and no radio to call for help himself. This is one of the cases in which Summit Fever has been mentioned. Another is the case of a young woman who despite she knew that she was in trouble, carried on up the mountain anyway. Other climbers have said that Summit Fever was the cause of her death. There are several things that have been mentioned as to why these climbers did what they did, even though it cost them their life, or someone else's life.

Some people have suggested that it is in part due to the fact that the cost of climbing Mount Everest is thousands of pounds, which makes the climber want to achieve what they came there to achieve. Others have said that climbers do not want to return as a failure. Whatever the reason, Summit Fever certainly raises questions about the ethics of mankind, and also the common sense. Surely if these climbers knew that they were in danger, or that someone else was in danger then they would have done something about it to prevent anything bad from happening? Appropriately not.

How to Turn Your Old Computer Into a New One

How to Turn Your Old Computer Into a New One

Do you feel ignor using the same old computer and want to sale it off? The market is buzzing with a number of new models and you can easily choose any of them. You have to spend a hefty amount for this. And the truth is after some days it will again become backdated and you will feel the need of buying a new computer. So, it is better to turn your old computer into a new one and save money. Do you want to know how? Go through the article.

First we will ask you to think why you want the new computer? The answer will certainly be the storage capacity, speed, graphics options, and screen resolution, etc. So, if you go for computer upgrades the problem will be resolved. Now, to perform this task, you can get in touch with a computer repair company that offers technical support to the computer users. Or else, you can perform the task on your own.

The speed and performance of your computer depend on memory. You can boost up PC speed by increasing the number of RAM. Do you know what type of RAM is there in your computer? There are different types of computer memory available in the market today. You must use the RAM as per the system specification. A computer service provider can help you in this context.

Apart from RAM, there are other two key components that you may consider for update. These are hard disk and graphics card. Upgrading the hard drive is considered as a must for all types of computer upgrades. You can store much more data, and install new programs by incorporating a new hard disk drive on your computer. Not only that, this will also boost the speed of your computer.

If you want a better display, you can go for a new monitor. LCD and LED monitors are very popular in the market. These monitors consume less power as compared to the CRT monitors. If you are using old CRT monitors, you can certainly think of replacing it with a new LCD or LED monitor. This will offer you new viewing experience and save your recurring expense as well.

These are some simple ways to turn your old computer into a new one. Try this and enjoy hassle-free computing.

Mobile Apps Development - The Right Marketing Strategy!

Mobile Apps Development - The Right Marketing Strategy!

The craze of mobile apps is still on and many organizations are trying to capitalize on the demand. There are hordes of people who resort to text messages or chat when trying to communicate with their peers. With the advent of cheap smartphones, push e-mail and 3g connections are available in some reasonable models. Recent statistics reveal that most smartphone owners also possess credit cards signifying their money-spending power. This is indeed a very important statistic in regards to companies who are targeting the upper middle class who have a reasonable spending power and an important segment in the B2C sales scenario.

The difficulty is that it is hard to choose the best mobile technology. Although Android is ruling the roost today, iOS is not far behind and the elite class actually prefers the Apple OS to the Google counterpart. Mobile advertising is also a trendsetter and enterprises of different topics on their own. It is important to get the focus right.

More and more people are opting for mobile-optimized websites as many of them browse for information directly into their mobile handset. It is important for companies to have their websites mobile friendly and also focus on strategic apps which are relevant to your website.

The advantage with mobile apps is that a superior app provides a far better user experience than a mobile website which is blabbering about the company services. But the cost of a web app is something which is not well discussed and thought about. Graphic-intensive games are too costuring during production too.

Creating a native iPhone app from scratch is more difficult to make a similar app for its counterpart. If you want an Android or a Symbian app to replicate the success of a native app, one needs to develop the app from scratch.

There are so many companies which have come up to create and sell apps and most of the income is built upon direct charging for the app, in-app purchases, or subscriptions. There are indirect means of earning money too like the ads posted with the famous Angry Birds game app.

If you're intending to charge for your self-created mobile product, one should opt for creating a native app. Apps are normally free, and the whole part of marketing an app is to distribute it as broadly as possible. That mostly covers up the cost involved. It is important to gauge the reach of an app as to how many prospects and customers will the app reach finally? That is how the success of a mobile app can be assessed.

Multi Level Marketing Principles

Multi Level Marketing Principles

Multi level marketing or MLM is a business model that creates an opportunity for the average person, who is teachable, and who has desire and perseverance, to earn extra income from the comforts of their home. Legitimate multi-level marketing companies usually require a small start-up cost. Multi-level marketing relies on selling to consumers and establishing a market for quality products. That is, once you have a happy customer (customer service is one of the things reps get compensated for, a potential reason it's not easy or to everyone's loving, and may be a reason so many do not succeed), you can rely on repeat sales and repeat missions. In the majority of multi-level marketing programs, commands are paid way down the line so the more people you and your team bring on, the better.

The multi level marketing form of business practice has received a fair amount of negative press and to be honest in some cases justifiably so. The reason for this is due to the number of pyramid schemes. Pyramid schemes, however, are not concerned with sales of the products. Pyramid sales involve schemes in which the right to sell new memberships in the pyramid are sold under the guise of selling a product. While you may find that some pyramid schemes will offer a product for sale, the product is sold from one level to another instead of selling to customers. Distributors at the bottom are then left with a large volume of overpriced goods that can not be sold. Neverheless, network marketing still has mass appeal to many individuals looking to escape the corporate world.

Before you start your journey into multi-level marketing, remember the simple fact that even the most successful products will have partial market penetration. Still, some entrepreneurs have built very successful companies on this concept because the main focus of their activities is their product and product sales. Remember, no marketing plan will ever decide your multi-level marketing success. Sell ​​yourself first, then the products and the marketing plan. Successful distributors, who have received and trained a large number of sellers, also have to assume unking wholesaling and managing responsibilities as well as making sales to their own retail customers. The most successful network marketers today are merely using their relationships to inspire others to purchase specific products. The ability to start with a program that you find interesting and beneficial to you is a key component to success.

Indeed, network marketing by its very nature entails that all participants strive to assist each other in making a successful business to enrich the group as a whole.

Assertive Communication - 6 Tips For Effective Use

Assertive Communication - 6 Tips For Effective Use

What IS assertive communication?

Assertive communication is the ability to express positive and negative ideas and feelings in an open, honest and direct way. It recognizes our rights while still respecting the rights of others. It allows us to take responsibility for ourselves and our actions without judging or blaming other people. And it allows us to constructively confront and find a mutually satisfying solution where conflict exists.

So why use assertive communication?

All of us use assertive behavior at times ... quite often when we feel vulnerable or unsure of ourselves we may resort to submissive, manipulative or aggressive behavior.

Yet being trained in assertive communication actually increases the appropriate use of this sort of behavior. It enables us to swap old behavior patterns for a more positive approach to life. I've found that changing my response to others (they work colleagues, clients or even my own family) can be exciting and stimulating.

The advantages of assertive communication

There are many advantages of assertive communication, most notably these:

• It helps us feel good about ourselves and others
• It leads to the development of mutual respect with others
• It increases our self-esteem
• It helps us achieve our goals
• It minimises hurting and alienating other people
• It brings anxiety
• It protects us from being taken advantage of by others
• It enables us to make decisions and free choices in life
• It enables us to express, both verbally and non-verbally, a wide range of feelings and thoughts, both positive and negative

There are, of course, disadvantages ...

Disadvantages of assertive communication

Others may not approve of this style of communication, or may not approve of the views you express. Also, having a healthy regard for another person's rights means that you will not always get what YOU want. You may also find out that you were wrong about a viewpoint that you held. But most importantly, as stated earlier, it involves the risk that others may not understand and therefore not accept this style of communication.

What assertive communication is not ...

Assertive communication is definitely NOT a lifestyle! It's NOT a guarantee that you will get what you want. It's definitely NOT an acceptable style of communication with everyone, but at least it's not being aggressive.

But it IS about choice

Four behavioral choices

There are, as I see it, four choices you can make about which style of communication you can employ. These types are:

direct aggression: bossy, arrogant, bulldozing, intolerant, opinionated, and overbearing

indirect aggression: sarcastic, deceiving, ambiguous, insinuating, manipulative, and guilty-inducing

submissive: wailing, moaning, helpless, passive, indecisive, and apologetic

assertive: direct, honest, accepting, responsible, and spontaneous

Characteristics of assertive communication

There are six main characteristics of assertive communication. These are:

• eye contact: demonstrates interest, shows sincerity
• body posture: congruent body language will improve the significance of the message
• gestures: appropriate gestures help to add emphasis
• voice: a level, well modulated tone is more convincing and acceptable, and is not intimidating
• timing: use your jurisdiction to maximize interceptivity and impact
• content: how, where and when you choose to comment is probably more important than WHAT you say

The importance of "I" statements

Part of being assertive involves the ability to appropriately express your needs and feelings. You can accomplish this by using "I" statements. These indicate ownership, do not attribute blame, focuses on behavior, identifies the effect of behavior, is direcdt and honest, and contributes to the growth of your relationship with each other.

Strong "I" statements have three specific elements:

• Behavior
• Feeling
• Tangible effect (consequence to you)

Example: "I feel frustrated when you are late for meetings.

Six techniques for assertive communication

There are six assertive techniques - let's look at each of them in turn.

1. Behavior Rehearsal: which is literally practicing how you want to look and sound. It is a very useful technique when you first want to use "I" statements, as it helps dissipate any emotion associated with an experience and allows you to accurately identify the behavior you wish to confront.

2. Repeated Assertion (the 'broken record'): this technique allows you to feel comfortable by ignoring manual verbal side traps, argumentative baiting and irrelevant logic while sticking to your point. To most effectively use this technique use calm repetition, and say what you want and stay focused on the issue. You'll find that there is no need to rehearse this technique, and no need to 'hype yourself up' to deal with others.

Example:

"I would like to show you some of our products"
"No thank you, I'm not interested"
"I really have a great range to offer you"
"That may be true, but I'm not interested at the moment"
"Is there someone else here who would be interested?"
"I do not want any of these products"
"Okay, would you take this brochure and think about it?"
"Yes, I will take a brochure"
"Thank you"
"You're welcome"

3. Fogging: this technique allows you to receive criticism comfortably, without getting angry or defensive, and without rewarding analytical criticism. To do this you need to acknowledge the criticism, agree that there may be some truth to what they say, but remain the judge of your choice of action. An example of this could be, "I agree that there are probably times when I do not give you answers to your questions.

4. Negative authority: this technique seeks out criticism about yourself in close relationships by prompting the expression of honest, negative feelings to improve communication. To use if effectively you need to listen for critical comments, clarify your understanding of those practices, use the information if it will be helpful or ignore the information if it is manipulative. An example of this technique would be, "So you think / believe that I am not interested?"

5. Negative assertion: this technique lets you look more comfortably at negatives in your own behavior or personality without feeling defensive or anxious, this also reduces your critiques' hostility. You should accept your errors or faults, but not apologise. Instead, tentatively and sympathetically agree with hostile criticism of your negative qualities. An example would be, "Yes, you're right. I do not always listen closely to what you have to say."

6. Workable compromise: when you feel that your self-respect is not in question, consider a workable compromise with the other person. You can always bargain for your material goals without the compromise affects your personal feelings of self-respect. However, if the end goal involves a matter of your self-worth and self-respect, THERE CAN BE NO COMPROMISE. An example of this technique would be, "I understand that you have a need to talk and I need to finish what I'm doing.

Conclusion

Assertiveness is a useful communication tool. It's application is contextual and it's not appropriate to be assertive in all situations. Remember, your sudden use of assertiveness may be perceived as an act of aggression by others.

There's also a guarantee of success, even when you use assertive communication styles appropriately.

"Nothing on earth can stop the individual with the right mental attitude from achieving their goal; nothing on earth can help the individual with the wrong mental attitude" WW Ziege