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Forex day trading is simply one of the best ways to lose your money and the logic it is based on is absurd and common sense should tell anyone why it doesn’t work. Yet year after year day traders trade and lose using day trading methods. Lets look at why.

Before we look at why day trading doesn’t work lets first look at all the systems that supposedly make money on the net. They don’t make money in real trading though it’s all simulated made up track records using past data.

If you see a day trading system which claims that it makes money simply look for the following in the small print at the bottom:

“CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown”.

The above disclaimer simply means nothing in terms of future profitability. Why?

Because if you want to make up a track record using past history - anyone can do that.

If we all knew prices in advance we would all buy the bottom and sell the top and never lose any money - in fact we would all be multi millionaires. Shame it’s not that easy though!

We have to trade without knowing what will happen and that really is a lot harder

Day trading is a good story and marketing companies know this so why not write some hyped up copy to appeal to greedy traders, make up a great track record and then sell it to the unsuspecting trader?

That’s what happens and time and time again the novice trader falls for it - He thinks he is going to make his fortune by handing over a few hundred bucks and then he gets his lesson in reality his equity is lost.

So let’s look at why day trading is a loser’s game

The reason day trading doesn’t work is that the logic it is based upon is absurd - think about this:

We have millions of traders, all with different motivations and forex trading systems and day trading is supposed to allow you to gauge what this vast diverse mass of emotional beings will do so you can enter trades on a tick chart?

Its common sense this cant be done and that’s why over the longer term day traders lose.

All volatility in daily time frames is random, support and resistance levels cannot be used and you cannot get a trading edge so you will lose.

If you can’t get the odds in your favor you will lose period

Avoid forex day trading unless you want to lose your money and lose it quickly.

Leave it alone and trade the longer term trends where you can get a trading edge and you can get the odds in your favor - Period.

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Though the media may seem elusive or out of reach, most companies that are profiled on television, online, and in magazines or newspapers, got there because they let a journalist know something about their business.

If you can’t afford a public relations agency, you can take on the role of spokesperson on behalf of your company. Though working with the media can seem intimidating, journalists need you as much as you need them. Reporters want to be the first to profile new products, trends or report news, and are continually looking for new ways in which to cover their “beat,” or area of expertise.

Following are some helpful things you can do to ensure a positive interaction:

-Keep it simple: You may only get ten seconds to explain why you’re calling - learn to make the most of each second by delivering a concise, newsworthy pitch.

-Have credibility: Provide accurate information. It’s best to say you don’t know the answer to something, but will find out for them - then do so in a timely manner.

-Know your journalist and outlet: Read the publications and watch the shows you pitch so that you can offer appropriate stories. And if you learn personal information about a journalist, make a note for the future - many will appreciate you asking how their vacation was or how their son is enjoying college.

-Embrace the offbeat: Journalists are always looking for new ways in which to cover an old topic - use creativity to make your company or product worthy of the spotlight.

Once you engage the reporter’s interest, flexibility and responsiveness to their requests will help your cause. The nature of the news business often means that interviews may occur at an inconvenient time - you may have other meetings or the broadcast producer may ask you to go out to a location at a moment’s notice. Though you may feel that the media should play to your schedule, ultimately you will get the best possible coverage if you are able to work with the reporter and his/her timeline. While it may be an inconvenience in the moment, the long-term benefits are immeasurable.

The important thing to remember is that a successful news story pitch may not always happen overnight. But sometimes it does! Developing strong relationships with reporters that are critical to your business is key.

Visit http://www.Publicity411.com for more resources on how to handle your do-it-yourself publicity campaigns. Regina Novickis is co-founder of Media Tonic and Publicity411.com. A seasoned public relations executive with more than twelve years of experience managing brand positioning, public relations and media relations efforts on behalf of consumer/entertainment clients, she has secured coverage for clients in every genre of national press ranging from USA Today, Wall Street Journal, Time and Newsweek, to Self, Marie Claire, GQ and Maxim, to “Entertainment Tonight,” “The View” and NBC’s “Today” show.

So you want to know how to trade currency like all the other experts out there? Well I’m going to help you build the foundation for which you can build a house of profitable currency trading. You can’t be told how to be a good trader, you just need to be told how to build the foundation and you learn as you go.

When should I trade?

I don’t often suggest following the crowd, but in this case, you trade when everyone else is trading. This time is known as peak hours and it’s when the highest volume of trades are occuring. The reason I suggest trading at this time is because this high volume really makes the currency completely moved by market forces. If you take times where the volume is low, a bank can make a huge trade that can move a currency in a totally different direction. If you’re doing sound analysis of a currency, you could end up losing. Stick to the time when the volume is high.

Should I worry about the competition?

No. You don’t really need to worry about other traders stealing your profits. It’s not like that. You’ll find most forex traders are willing to exchange information and learn from each other. You should worry about that emotional person inside of you. That person can be very unprofitable. If you make trades because you have a “good feeling” about it, than you’re looking for trouble. If you get upset about a bad trade or get all stress out, you’re going to lose your money. You need remember that the profitable long term trader is making decisions based on numbers and only numbers.

Should I be buying when everyone else is buying?

This is the time that you don’t follow other people. Warren Buffet (who is one of the richest people in the world) gets rich because he doesn’t follow other people. The people that follow the crowd are always middle class and they always will be middle class. Basically when everyone is hopping onto the new trend, it’s really not that profitable anymore. You want to be more like Warren Buffet. You want to be able to look a currency and say “everyone has been selling this currency off and I’m pretty sure that it’s at the end of this downward trend. I’m buying in.” That is a profitable move. Being able to identify when these trends end, allow you to be the first one in and make most of the profits.

I’m currently giving a 7 day free forex training course. Newbies and experienced are all welcome. If you’re interested in participating, check out the Casual Forex Trader.

Offshore banking simply means to have your bank accounts in a bank outside your own country. It is therefore easy to find offshore banks that offer exactly the same services as you would expect from a bank in your own city.

All offshore banks will of course let you deposit and withdraw money. Offshore banks normally issue credit cards to help you do so. A credit card from an offshore bank works just like any other credit card and it can often be used in ATMs around the world.

In addition, an offshore bank would typically offer the following services to its private customers:

• Money transmissions
• Loans
• Currency Exchange
• Investment Management
• Fund Management

Fund and investment management means that the bank is managing securities (stocks, bonds, etc.) for the bank customers. This is also known as portfolio management or money management.

Depending on the size of the bank, it might offer additional services. It is normal for offshore banks to charge money for use of their services. The price of using the services varies a lot from one bank to the other.

Most of the services are used through the Internet since offshore banks are situated far from their customers. An offshore bank will typically have an advanced and very secure website where you can handle your accounts, access services and communicate with the bank.

The services mentioned here applies for private customers in an offshore bank. The banks will typically have a set of extra services for company customers.

Mads Phican is a successful entrepreneur. He studies offshore finance and runs a popular offshore banking website: http://www.offshorebankingcentral.com

One of the biggest and most common mistakes in sales letters and ads — even the ones written by some of the pros — is not using a simple deadline.

This is such a big mistake that it can literally mean the difference between you making tens of thousands of dollars in sales…or no sales at all.

Why do I say that?

Simply because I’ve seen it happen.

I’ve seen ads with no deadline go out and make no money at all. Not one order. I’ve also seen some of those same ads go out with a simple deadline attached to it rake in tens of thousands of dollars.

Deadlines really do have that much impact on your response. In fact, nothing ever gets done in life — whether you’re selling or doing anything else — without a deadline.

For example, I know of famous artists who say they would never get their work done without a deadline.

And think of kids in school — when do they write that paper? The day it is assigned…or the night before it’s due?

I don’t know about you, but when I was in school I don’t know anyone who did their papers until the last possible minute.

Why does this happen?

Because it’s just too easy to procrastinate.

And it’s the same with the people you are selling to. Even if they want what you have — with money burning a hole in their pocket — if you give them an excuse to delay they will.

So always include a deadline with your ads, sales letters and offers. Not the fake Internet deadlines (you know, where the date changes every day), but real deadlines.

You do that, and your chances of making the sale will skyrocket when compared to not using them at all.

Michael Senoff is a sought-after Internet marketer, interviewer and business coach with more than 50,000 students on four continents. For a limited time he is giving away free over 31 hours of in-depth audio interviews and seminar clips of the richest and most respected copywriters in the world including: Eugene Schwartz, Bob Bly, Brian Keith Voiles, Carl Gelletti, Joe Vitale, John Carlton and Gary Halbert at: http://hardtofindseminars.com/Copywriting.html

Currently in our World Technology has developed in such a way that we are over running many regions of our planet, with both environmental pollution and population infestation. Indeed population density has a lot to do with accountability and we have over populated said planet.

What would happen if the human race would reset, kind of like in the Movie “Matrix”, would technology develop differently? Would the human race even come to exist? Chances are both the species and the technology would be much different, that makes sense right? Well at least that is what Chris recently asked of the Online Think Tank.

Resetting of humanity is most likely what will happen if a Comet hits the Earth, we go into an Ice Age or some virus mutates faster than humans can evolve to stop it or create vaccines. From looking at the buried Pyramids in many places, well something like that may have happened and the Earth merely recycles. Thus the “putting all our eggs in one basket theory” is of consideration when planning off-world planet colonies.

Now the question comes up, another excellent topic by Chris; How do we know what to look for when we search for extraterrestrial life. If that life grew based on conditions of other worlds, then it would be much different, if it colonized other planets, it may have survived thru periods of total cataclysmic chaos or a “planet reset” wiping out most of its populations, only to grow again with everything changed.

Who is to say that those species, which have survived did just that previously in this dimension? The search for extraterrestrial life is a tough one if those who search are caught up in preconceived notions of what that life may look like. Hawking, Sagan, Drake, Einstein and so many others agree.

In a reset of sorts that Chris describes, surely the technology would develop differently, as the branches of technological and scientific discovery would be different. Who is to say that this has not happened over and over again elsewhere or in our past; “Isaac Asimov - Foundation Series” type scenarios. It makes perfect sense.

Well it appears that Chris, agrees very much with other scientists out there on the subject of searching for extraterrestrial life. The question perhaps is where do you stand on this topic? Are you able to think on this objectively or perhaps do you have a problem with your current religious belief system that disallows such thought? What say you?

“Lance Winslow” - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington

It has been said that those who don’t learn from history are doomed to repeat it. With the real estate market in a down cycle, it’s a good time to mull over some of the more common “no-no’s.” Here are my picks for mistakes to avoid -

TRYING TO PICK THE TURNS

Many sellers and buyers play this game, trying to time their sale, or purchase, to get the top of the market and gain optimal profits, or to swoop in and pluck up cheap property after a burst. This is a year when the seller’s market has turned into a buyer’s market and prices have eased. But the slowdown is unevenly spread across the country. But nowhere has there been a dramatic “pop” and you probably shouldn’t expect one. Historically, for the most part, real estate bubbles don’t pop, they just slowly deflate and the market levels off then surges again.

Always take the approach that real estate is a long-term investment.

NOT UNDERSTANDING THE LENGTH OF THE BUYING/SELLING PROCESS

You know what happens when you make decisions based on optimism, time-on-the-market averages and generous promises from agents — ye old Murphy’s law kicks in. The home-selling process is often more drawn out than you think, from the early planning, to arranging finance, to difficult negotiations, to final inspections, to oft-delayed closings. Give yourself extra time to complete the deal.

EXPOSING YOUR HAND

Try to contain your enthusiasm for the house you are considering buying, otherwise, it will cost you money. You can scream “yes!” when you get back out in your car.

ASSUMING THE APPRAISAL EQUALS ACTUAL VALUE

In theory, appraisals are objective opinions of value. But emotion and self interest can play a part so ask your agent for a range of figures, an optimistic one and a pessimistic one. Work on the pessimistic.

Graduated from Sydney University as B.Ec and Accountant. Employed in Research of large Sydney stock-broking firm, then to advising private clients and administering arbitrage operations and Sydney Greasy Wool Futures Exchange membership. Then to dealing with institutions and listed companies assessing underwriting propositions and raising capital. Expert knowledge of investing and speculating in shares, options, derivatives and involved charting. Also involved raising many millions of dollars for a number of mining and property groups and promoting three substantial market takeovers. Acquired controlling interest in a publicly listed property development company and undertook residential subdivisions in Hornsby Heights, Warrawee, Blacktown, Beecroft, Castle Hill industrial subdivisions in Baulkham Hills, Lurnea home unit developments in Hornsby, Wahroonga, Tugun, Runaway Bay, shopping centre developments in Wentworthville and office building developments in Castle Hill and Parramatta ($25ml)

Laughter May Be the Best Medicine for Some Business Facing Difficult Times

With the current down turn in the economy many business are scrambling to generate revenue in new ways. One option that works well is to turn the empty bar or banquet room into a comedy club for the night. With a little effort you can be the comedy club in town and attract new customers to your hotel, bar, or restaurant.

Historically comedy clubs and other live entertainment venues have thrived in difficult economic times. Dating back to vaudeville, comedy seams to provide relief to people in difficult times. In the 80’s during the gas shortages and recession the comedy clubs boomed. While we are in uncertain times this may be the case during our current economic downturn. Many comedy clubs are doing very well and most comedy concerts are selling out. Laughter may very well be the best medicine for people facing difficult times.

This may offer a great opportunity to capitalize on the current situation. You can become the comedy club in your community and offer people a break from the bad news of the day. It is not difficult to prepare the room for a comedy show but some things are required for a successful event.

The room should hold 125 to 300 people with good seating and tables. Small cocktail tables are best but a banquet style set up will work fine. You want the audience to be seated as close to each other as possible while still be comfortable. A stage or riser is necessary to give the audience a good line of sight. Some stage lighting is also required to get the full effect of the show and to help give the room a show biz feel. The number one thing required for a good comedy show is a good sound system. The greatest act in the world will fail if the audience can’t hear them. If you don’t have this equipment it can be rented or some agents may have it. Many radio stations will have it for their live remotes and they may want to partner up with you for the event.

The next thing you will need is butts in the seats. The ways to promote such an event are endless. If you have an ongoing relationship with a radio station this can be a great way to get the word out. Most stations love to be a part of such an event and the DJ will often MC the event giving them exposure at a great venue. You should also use posters, direct mail and e-mail. News paper adds are an option and you will definitely want to send out a press release. Some of the booking agents or acts have publicists to do this for you. Many clubs will offer a discount admission and make the profit on the food and drinks. Most all comedy clubs have a two item minimum purchase and you should too.

With all that taken care of you need a good show that will make the audience want to come back for more. There are a number of booking agents including “Killer Comedy Online” that have extensive rosters of comics and specialty acts. In most cases you will be responsible for paying the agent and they in turn will pay the talent. You will also need to provide hotel rooms for the talent. It is good to use a booking agency that can put your room in as part of a tour to provide a multi night run for the acts. This will make it more profitable for the comics and will give you a better quality talent for the show.

By Mark Doyle was a stand up comic for 15 years and owns a comedy club in the Dallas area he also owns http://www.killercomedyonline.com where you can watch Free comedy clips and Stand up videos. Increase revenue to your hotel or bar with live stand up comedy shows we can show you how.

One often wonders how today’s economy affects the all might dollar. The truth is that most people have a hard decision to make about where to spend the dollar. The gas prices have risen above $4 a gallon leaving many people without other things they need to live. If you have $40 to spend on food, you could by a couple days worth of food, but if you spend that $40 on gas, you are going to get less than ten gallons of gas. If you have a car that gets twenty-two miles to the gallon, more than likely, your gas is not going to last longer than a week.

The economy has been impacted by gas prices as well as grain and wheat costs. If one would go to the bakery for bread and muffins, that same forty dollars would be short about $10 to $15 dollars. The credit crisis is affecting everyone. The average person does not make enough money to buy food, gas and pay bills with the way the economy is today. The price of gas and foods has gone up, but the pay scale has not budged. People are still making the same amount of money they were before all the price increases, which has placed a hardship on many families.

The decision you make about how to spend that $40 will affect the entire family. If you buy two gallons of gas, which will give you roughly 44 miles of driving and buy meals for a family of three for the day, that $40 dollars is gone and it probably was a little short. Frugal living is becoming more common as the prices go up. Going without certain things has become a way of life. Walking instead of driving is more common in smaller communities. Credit card payments and mortgages have to be paid. However, what do you make the family go without to pay the bills and buy food?

The economy needs help. The price of wire has gone up so much that companies cannot afford to make mattresses and sell them for a reasonable price. So now, that dollar has even less value. If you need a mattress, gas and food, you have to sacrifice something in order to have the things that you need to live every day. The value of the dollar does not mean much these days. In order to make the dollar more for its value, the prices of wire, gas and food products has to drop considerably. This probably is not going to happen.

The credit crisis is affecting everyone. Medical coverage is dropping and the cost to the consumer has risen. Today, it is hard for a family of three or four to live comfortable and have the necessities. Until the credit crisis levels off, one will only feel more pressure and see more homes and property lost. Hard times make it hard for hard working people to survive and have the things that they need.

Susan Duey represents, Debt Help marketplace offering debt management program solution to eliminate your debt and cut expenses. For more information please visit the Dollar and Gas Prices.