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Review of FXCM Forex Trader App Store

misswallstreet — Fri, 25 May 2012 15:37:37 +0000

FXCM has launched a brand new app store that caters to US and UK forex traders alike. The new forex trading app store is a unique platform in the retail industry that allows traders to download custom applications for the FXCM Trading Station. There are apps for all types of traders; trend traders, breakout traders, etc. Sameer Bhopale, chief marketing officer of FXCM was quoted saying, “It is about customizing the user experience.” FXCM Apps is meant to cater to the uniqueness of each trader.

What Apps Are Available in the FXCM App Store?

There are three types of app in the store. Apps for Metatrader 4, Standalone apps and Trading Station Desktop apps. There is also an option to request a custom app that can be designed just for you.

Metatrader 4 Apps

Apps for Metatrader 4 include expert advisors, indicators and scripts. For example, the Bolinger Bands range trader expert advisor buys and sells depending on the relationship of the instrument’s bid price and the Bollinger Band indicator’s value. The expert advisor will place trades based on rules and metatrader 4 is one of the most popular robot trading platforms. These Metatrader apps will only work with FXCM Metatrader 4 software and you must open an FXCM account to use it. There is also a 24-Hour Trend Indicator. The 24-Hour Trend Locator displays the one minute, five minute, 15 minute, 30 minute, one hour, and four hour trend on a chart. With a quick scan of the indicator you can see if the trend is up, down or sideways. Five commonly used technical indicators are used, independently, to determine the trend. An example of a free script available in the app store is the close all orders script which will close all open orders in your account.

Open an FXCM Account | Register for an FXCM Demo Account

Standalone Apps

Standalone apps are also available for general trading, analysis/reporting and utilities. There is a news alerter that will notify you before a news release is scheduled to occur. You can specify which events you are interested in and how far ahead of the release time you would like to be notified. In addition to email alerts, the app also supports popup and sound alerts. Money managers in the US can now use the Money Manager Report Generator which is specifically beneficial for money managers in the United States who are required by the National Futures Association (NFA) to maintain daily/monthly statements for all their clients.

It will be nice to have all of these apps to enhance and customize my trading experience with FXCM.

Open an account now with FXCM and start grabbing apps today! Right now you can get $225 worth of apps free.

FXCM’s UK subsidiary, Forex Capital Markets Limited, offers Contract for Difference (CFD) products with no re-quote trading and allows clients to trade forex, oil, gold, silver, and stock indices on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.

Trading forex/CFD’s on margin carries a high level of risk, and may not be suitable as you could sustain a total loss of your deposit. Leverage can work against you. Do not speculate with capital that you cannot afford to lose. Be aware and fully understand all risks associated with the market and trading. Prior to trading any products offered by Forex Capital Markets, LLC, FXCM Securities Limited, Forex Capital Markets Limited, inclusive of all EU branches, FXCM Asia Limited, FXCM Australia Limited, FXCM Japan Securities Co. Limited, any affiliates of aforementioned firms, or other firms under the FXCM Inc. (NYSE:FXCM) group of companies [collectively "FXCM"], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Limited (AFSL 309763) you must read and understand the Financial Services Guide and Product Disclosure Statement. FXCM may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. FXCM assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on FXCM’s website prior to taking further action.

What is Williams %R?

misswallstreet — Thu, 24 May 2012 07:41:59 +0000

What is the Williams %R?

The Williams %R is named for its developer, Larry Williams. It is a momentum indicator that is mathematically equivalent to the fast Stochastic Oscillator. The only difference is that the Williams %R is the inverse of the fast Stochastic Oscillator. It signals overbought and oversold levels based on a range of 0 to 100. From 0 to 20 the oscillator signals a sell, and from 80 to 100 the oscillator signals a buy.

Calculation: [(Today’s Close- Highest High) / (Highest High-Lowest Low) ] X 100

The highest high and the lowest low will be based on the setting selected. The Williams %R is typically set to 14 periods, so the high and the low will be taken from that period.

How to Trade Using the Williams %R

Buy when the %R reaches 100 or when 7 trading days pass since the 100 was last reached. Sell when %R reaches 0 or when 7 trading days have passed since 0 was last reached.

The Williams %R should be backtested to determine the best settings and paired with other technical indicators to verify the signals it gives.

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Carnival of Money Pros

misswallstreet — Wed, 23 May 2012 02:10:08 +0000

Welcome to the Carnival of Money Pros! Here are some great posts all about…Money! Let’s jump right in.

Glen Craig @ Free From Broke writes Is Gold a Good Investment Right Now? – The economy seems to be doing better but does that mean inflation is not far away? Is now a good time to invest in gold. See some arguments for against gold.

Timothy @ Wealth Artisan writes Square Video Review – Square is a service that allows small businesses to accept credit cards. We did a video review of the Square Credit Card App. If you’re curious about Square and how it works, this review is for you.

Paul Vachon @ The Frugal Toad writes The Coste of Currency: Is it Time to Ditch the Penny? – Is it time to ditch the penny? Since 2006, it has cost the United States Treasury more to produce the penny and nickel than the value of the coins themselves. For 2011, each penny cost American Taxpayers almost 2 1/2 cents while each nickel cost taxpayers 11 cents.

Squirrelers @ Squirrelers writes A Really Dumb Financial Move – Ever make a dumb financial move? I actually made one recently, as shared in the post.

Raj @ eMoneyLog writes How to Achieve Financial Freedom in Four Steps – In this post I explore what ‘Financial Freedom” means to various people and how one can go about to try to achieve it in a methodical manner which requires efforts but will help you achieve financial freedom.

Kevin @ Thousandaire writes How to Save Money on a Date – Save money on your dates by using daily deal sites like Groupon and Living Social to find interesting cheap dates.

Aloysa @ My Broken Coin writes How to Lose Friends and Alienate People – This post is presented by Beaker. If you want to see more posts written by him, make sure to check out Under Beaker’s Microscope tag at the end of this post. Money is very important in our society. We are all working very hard for all the money we can get our hands on.

Daniel @ Sweating the Big Stuff writes Secure Your Future by Developing Multiple Streams of Income – If you are like most people, you work hard at your day job. Maybe you used to make what you considered a good salary, but now, with the economy, your income seems to be dwindling. Perhaps you haven’t gotten a raise in several years, or if you have gotten a raise, you simultaneously face an increase in health.

PITR @ Passive Income To Retire writes Why Quality is Important – Find out why quality content is important to help your site’s traffic grow and how I am changing my writing strategy.

Invest It Wisely @ Invest It Wisely writes Getting Screwed Out of Your Hard-Earned Capital: How CDs and GICs Are Rip-Offs for Long-term Investing – Is there such a thing as a guaranteed rate of return? There seems to be a trend for people to flock to safety by buying certificates of deposit

TRL @ The Retired Landlord writes Important Traits of a Successful Landlord – Find out what it takes to be a successful landlord. Do you have these important traits to make a profit in real estate investing?

Jen @ Master the Art of Saving writes What is Manilla & Why Should You Try It? – Manilla is a free (yes, that’s right! 100 percent free) web based service to make our financial lives more organized and easier to manage.

Crystal @ Budgeting in the Fun Stuff writes Our Food Fight – Month 1 Results – We are trying to cut back our expenses where it won’t hurt much to build up some padding once we close on our new house. Here are our month one results.

John @ Married (with Debt) writes Give Yourself a Raise (No Boss Required) – When my boss revealed how shitty my raise was going to be, it didn’t bother me that much because I already had a plan to give myself a $1,800 per month raise.

Wayne @ Young Family Finance writes Why Hobbies Save You Money – Staying active and finding things that you enjoy can actually save you money. Find out how to define yourself not by the things you buy.

Hank @ Money Q&A writes How A Little Preparation And One Question Saved Me Over $1,000 – I hate buying a new car, but a little preparation and one simple question he me save money buying a new car this time with a little preparation.

Suba @ Broke Professionals writes Should you buy Supplemental Unemployment Insurance – Should you buy Supplemental Unemployment Insurance is a post from: Broke Professionals if you enjoy it, please visit us and subscribe to the Feed. Unemployment is one of life’s setbacks that can seriously damage a person’s financial security. It can happen to anyone, even you.

Linsey @ 1099 Mom writes I Want to Be a Freelance Finance Writer – Today’s “I Want to Be” Series features Miranda Marquit who works from home full-time as a freelance finance writer for many personal finance blogs. To learn what her typical day is like and what advice she has for writers just beginning, read on.

YFS @ Your Finances Simplified writes 10 Common Characteristics of Millionaires You Can Follow – Back in 2007, Forbes Magazine reported that all over the world there are a total of 946 billionaires, and according to Capegemini, a financial consultancy firm, in 2011 there are about 10 million millionaires. All of us probably have this dream of becoming millionaires ourselves, and sometimes we’re left wondering how these once ordinary people manage to make it big.

Debt Guru @ Debt Free Blog writes Basic Rule to Use Credit Cards and Avoid Debt – Find out how to use credit cards and avoid debt all together. It can be summed up in one basic rule, but it often implies much more.

Jeremy @ Modest Money writes Keeping Up With The Joneses In The Digital Age – As the internet has evolved and we truly enter the digital age as a society, the biggest enemy of our personal finances has been quietly growing stronger and stronger. No it’s not inflation. It’s not government taxes. It’s something much less obvious. It’s those pesky Joneses!

Peter @ Bible Money Matters writes Unexpected Expenses Always Seem to Pop Up When They Are Least Convenient: How to Plan for Them – This past week I had a couple of unexpected expenses pop up, right at the most inconvenient time, but luckily, it hasn’t been a huge issue because we planned ahead.

Jeremy Waller @ Personal Finance Whiz writes Top Personal Finance Posts Of The Week – Big Fat J.P. Morgan Losses Edition – Last week JP Morgan Chase announced it was sitting on at least $2.3 billion in paper losses stemming from trading naked credit default swaps. These high risk derivatives are analogous to buying insurance on a house you don’t own – doesn’t make a whole lot of sense.

Ashley @ Money Talks Coaching writes The Envelope System Works: Even on a 10 Year Old – I’ve talked quite a bit about my frustration with my daughter and her lack of concern when it comes to money. She wouldn’t save money to save her life.

Little House @ Little House in the Valley writes Your Money or Your Life Thoughts – I’ve finally gotten around to reading Your Money or Your Life by Vicki Robin and Joe Dominquez which I’ve had in my closet for almost 2 years. I had hesitated reading this book because I really thought that the original publish date was so outdated it would have antiquated personal finance information, but what I’ve found is that even though the data is old, the ideas and concepts behind the book still make sense today.

Amanda L Grossman @ Frugal Confessions writes Do You have a Future as the Woman Who Lived in Her Shoes, or the Man Who Lived with His Tools? – Thirty-Five year old Carrie Bradshaw had a stunning financial realization during an episode of Sex and the City.

Jason @ Live Real, Now writes Reason #45,682 Why It’s Good to Have an Emergency Fund – My mother-in-law died two weeks ago. It’s sad, but I’m not going to get into the emotional devastation that comes with the death of a loved one here. At least, not today. Today, I’m going to talk about the money, but not the funeral expenses. I’m talking about the expense of taking over her stuff. When she died, she was living in her own home, paying her own bills. Now, we have a small stack of expenses we weren’t planning for. She had 2 cars. She actively drove one,

Matt @ Living in Financial Excellence writes If You Feel You MUST Get a Credit Card, Keep These Tips in Mind – Our regular readers know how much I dislike credit cards. Actually, dislike is a really weak attempt at describing how I really feel. Still, there are tons of people who disagree with me and feel they just can’t get by without a credit card. So I figured if you’re going to ignore my advice to stay away from credit cards, I might as well give some tips on finding a good one.

Maria @ The Money Principle writes Politics and economy in the Eurozone part 2 – The immediate response of the markets last week was quite muted. They assumed that with Germany in charge of the Euro and Merkel in charge of Germany, the austerity programmes will continue to the bitter end. Simpletons.

Jeffrey @ Money Spruce writes Setting Financial Goals 101 – The following is a guest post The most fundamental step in setting financial goals is to gain control over your daily financial affairs by setting up and sticking to a budget. Thereafter, you will need to set longer-term financial goals. At this point, you will need to build a financial safety net to ensure financial independence.

101 Centavos @ 101 Centavos writes Career Tips For Young Folks – This is a series of blog posts, dormant for a while, resurrected for a while. These would be career tips #15, #16 and #17, meant for young people entering…

MMD @ MyMoneyDesign writes Yes, People Still Fall for Pyramid Schemes – Do people still fall for get-rich quick schemes? This group of people I came across in OH did. While traveling for business, I stumbled upon a meeting of people at a restaurant who were being given a sales pitch for something that clearly sounded like a pyramid scheme. Here is my story.

Daisy @ Add Vodka writes Life Lessons From My Mother – Yesterday was Mothers Day. You all know that. I don’t live near my mom, so I was sad I wasn’t able to take her out for breakfast or anything like that.

PPlan @ Provident Plan writes Would Jesus Support the Buffet Tax Law? – Find out if Jesus supports the Warren Buffet Tax law and what the Christian response to paying taxes should be.

krantcents @ KrantCents writes How to Finance Your Start Up – The following is a guest post. Starting a new company is an expensive proposition. A new business owner has to pay for land, supplies and employees. Financing all of these purchases is not easy considering there is little revenue coming in.

Don @ MoneySmartGuides writes The Money Conversation for Couples – I found this article at US News. It lists six topics related to money that you should have with your significant other before getting married.

Corey @ Steadfast Finances writes Facing Foreclosure? Here are Some Programs that Might Be Available for You – Here are several programs that you can take advantage of when facing foreclosure. The possibility of foreclosure isn’t without hope to evade it.

A Blinkin @ Funancials writes Convenient Banking Technology – Banking used to be an incredible hassle. I hated going to the bank, waiting in line, making sure that your forms or deposit slip was filled out properly, being lectured by the teller if it wasn’t, having to deal with specific hours…the list goes on and on.

Tushar @ Start Investing Money writes What to Do When an Investment Pays Out – This Post was Originally published at What to Do When an Investment Pays Out on Start Investing Money

MR @ Money Reasons writes Debt Free… Now What? Real Estate – I’ve been debt free for a while now! It’s time to pickup debt to buy assets instead of expenses.

SFB @ Simple Finance Blog writes 6 Hidden Money Wasters – We think of many ways to save but what most people don’t know is that many everyday things that they buy on a regular basis are money wasters.

Grand Per Month @ Grand Per Month writes Are You on Track to Be Wealthy or Poor? – Those that are wealthy define their financial status not by their income, but by their net worth. After all, when you’re 70 years old, what’s going to matter, how much you made each hour or how much you’ve saved over the course of your life? The key is how much you’ve saved over the course of your life.

Robert @ The College Investor writes Can You Get an International Student Loan? – It is estimated that more than 270,000 US college and university students studied abroad last year, while more than 720,000 international students came to the US to study. Here is what you need to know when getting a student loan for these programs.

Robert @ My Multiple Incomes writes The Ultimate Guide to Social Media Backlinks – I will give you some tips on how to execute a social media backlinking strategy that will save your time and effort. Continue reading to see the full list of social media backlink sites, how to use them, and how to save some time!

Van Beek @ Stock Trend Investing writes How to Invest with Stock Options – Investing in stock options is slightly more complex than trading in basic stocks. The two fundamental methods of trading options are buying calls and puts.

Jason @ Work Save Live writes Should You Buy a Car Through CarMax? – Rust buckets, over-sized purses, methods of transportation, and a means of showing worth and status. Maybe it’s needless to say, but there isn’t a topic I detest more. When I hear the word “car” all I can think about are over-priced machines that have gone from performing a function to being status symbols.

Jon the Saver @ Free Money Wisdom writes Why You Should Be Debt-Free on Your Car – There are many reasons why you should be debt free on your car. You can spend the money elsewhere instead of on a car payment.

Sustainable PF @ Sustainable Personal Finance writes Green Tip #242: Sharing Toys – Share toys, keep your baby stimulated but save money.

Eddie @ Finance Fox writes How to Access Cash in a Hurry – Your home is equipped with smoke detectors, and your car carries a spare tire in the trunk, but are you equipped for a financial emergency?

Beating Broke @ Beating Broke writes Are You Rationalizing Your Way Into Debt? – Pay special attention the next time you’re looking at purchasing something. See how many times over the next month, you attempt to rationalize a purchase based on what it will cost per month on credit over what the total price will be. I think you’ll be surprised just how often you use that same sales tactic on yourself.

Lazy Man @ Lazy Man and Money writes What’s Hot and What’s Not from Finovate 2012 – Yesterday I went to Finovate with SVB from The Digerati Life and watched 32 companies present demos of their products. Only five struck me as being of possible interest to people who aren’t bankers looking to invest in other companies. I never would have imagined I’d long for the days of writing “another Mint” in my notes. Here’s a countdown of those top 5:

Earth and Money @ Earth and Money writes Planning a Green Frugal Wedding – Guests – At most weddings, there is a fixed cost associated with every guest that attends – food, dishes, venue, all these things are related to the number of guests that you have. So that begs the question – do you really want to invite your dad’s cousin’s nephew’s boyfriend who winds up getting drunk at the open bar?

KT @ Personal Finance Journey writes Can You Afford NOT to Save for Retirement? – Saving for retirement can be difficult. With the recent increases in the cost of gas and groceries and other basics combined with a loss of income because of the economy (or a lack of raises over the last few years), saving for retirement can seem like a goal that is out of reach.

Corey @ 20s Finances writes How to Increase Net Worth – As many of you know, several months ago, I challenged myself with several short-term financial goals. One of them, which I haven’t talked about too much is to increase my net worth by 50%. For those who don’t know, net worth is the difference between your assets and liabilities.

Kyle @ The Penny Hoarder writes University Will Pay You $3,500 to Eat Only Fast Food for 3 Months – Oh, brother… A new study at Washington University in St.

Ted Jenkin @ Your Smart Money Moves writes The New Credit Card Problem: A College Education – Amidst the many financial and economic discussions happening around the United States, there is a serious issue lurking right around the corner. Although mortgage rates are around their all time low and consumer borrowing appears to be extremely cheap, the interest rate on the popular Stafford federal student loan program is set to double in July since the Senate could not reach an agreement on a reasonable way to keep the rate at 3.4%. If it isn’t obvious at this point, our politicians w

Dave @ Financial Conflict Coach writes How To Map Your Financial Relationships – A Financial Relationship Map helps you create a current snapshot of where your money goes, where it comes from and how strong or weak these financial relationships are. It’s not about numbers- it’s about relationships.

Investor Junkie @ Investor Junkie writes Small Business Marketing Strategy for the Best Results – Thousands of businesses tend to “waste” even more money by advertising an already differentiated product in non-differentiate channels. Here are a few of my least favorite money drains:

Sicorra @ Tackling Our Debt writes Do Side Hustles Really Help You Make Money? – A side hustle can be a way for you to make some extra money so that you can pay off a few bills, or take a short vacation, or save up for Christmas. I bet there are a few good ones in this post that you haven’t heard of yet.

Miss T. @ Prairie Eco Thrifter writes Want to Impress Your New Boss? Here’s How – Bosses don’t want to lay off staff with whom they have a genuine work friendship. Here is how you can get started on the right foot:

Kraig @ Young, Cheap Living writes How to Achieve Balance and Do What You Care About – How well do your values and what you care about line up with what you actually spend your time and money on? My definition of life balance here is based on if you’re doing what’s important to you, or other things which are throwing your balance off.

Emily @ Evolving Personal Finance writes Taxes You Should Be Paying – Have you ever considered paying yourself what you think you should be paying in taxes? If you think taxes are going up, what deductions might you lose and how might that affect your tax burden?

Jeff Rose @ Good Financial Cents writes Best Free Online Checking Accounts – Stop being gouged by ticky tack bank fees. Here are several online banking options that will cut your fees and one that even pays you money back!

Steve Zussino @ Canadian Personal Finance writes Why Facebook should be scared with its Revenue Strategy – We all know the Facebook IPO is happening soon but some big news happened yesterday that, GM (the third largest advertiser in the US) pulled a $10 million dollar order because they figured out that Facebook ads don’t work.

Sean @ One Smart Dollar writes How is My Credit Limit Determined? – Understanding how your credit line is determined can be a great way to start understanding your finances.

Aaron @ Aaron Hung.com writes How to be extraordinary – Have you ever stopped and wonder how people like Mozart, Shakespeare, DaVinci and even Jordan became such an influence in our everyday lives? How is it that they became so creative and talented that it seems almost impossible for anyone to try to be like them?

JB @ My University Money writes Are Banks Really In It For You? – Learn from my mistakes and never assume the banks are in it for you. They aren’t, in fact they make a killing off you so don’t make it easy on them whenever they try to push a product on you.

Young @ Young And Thrifty writes RRSP vs RESP Accounts – There are obviously numerous aspects of each person’s financial situation that will come into play when looking at whether a RRSP or an RESP contribution is right for them.

Kim Luu @ Money and Risk writes How to get a Hot New IPO and Why you did not get one – Ever wonder how you can get shares of a hot IPO – initial stock offering? Here’s the scoop.

Jefferson @ See Debt Run writes How to Choose a Toilet – We examine the entire toilet shopping process, including examining the toilet options, discussing the cost of toilets, and discussing toilet installation.

Khaleef Crumbley @ Faithful With A Few writes 4 Reasons Why I Will Not File For Bankruptcy – To file for bankruptcy is not an easy decision. Even though it has become more common, here are 4 reasons why I will never do it!

Khaleef Crumbley @ Fat Guy, Skinny Wallet writes Planning A Financial Diet – Eat Healthy And Spend Less – Eat healthy and spend less…something that seems impossible However, if you follow these tips you can do both!

Lance @ Money Life & More writes How I Paid for My Hobby – Hobbies are a lot of fun, but there is one thing that prohibits many from taking part in their favorite hobby as much as they would like to. Cost. Hobbies, while fun, can be expensive. In this post I describe how I paid for my hobby.

Boomer @ Boomer & Echo writes How To Pay Off Your Mortgage Faster – When you pay off your mortgage faster, a big part of your household budget will become available to help you achieve your other financial goals.

TTMK @ Tie the Money Knot writes Gender Roles and Big Money Decisions – How do stereotypical gender roles impact financial decisions? This post explores the topic in light of today’s realities.

Glen Craig @ Free From Broke writes United MileagePlus® Explorer Card Review – Fly United Airlines? Then you need to check out the slew of benefits the United MileagePlus Explorer Card offers up to cardholders. See more in our review.

Ray @ Squirrelers writes Sell in May and Stay Away – Sometimes, there are historical stock patterns that catch the eye. Based on this information, should we sell in May and stay away for the summer?

SB @ One Cent at a Time writes How to shop at Garage Sales – A Guide to Garage Sale Shopping – A shoppers guide to garage sales. What to buy, what not to buy and tips for a successful treasure hunt at a garage sale is included in this post.

SB @ Finance Product Reviews writes PerkStreet Platinum Visa Debit Card Review – An honest and case based review of PerkStreet financials Platinum Visa debit card. Read to find out more.

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Forex Chart Patterns

misswallstreet — Sat, 21 Apr 2012 17:25:20 +0000

Four of the major forex charting patterns which are essential to understand a few chart patterns which aid traders in making beneficial decisions are covered in this article.

Symmetrical Triangles

On the charting system, indecision areas are represented by symmetrical triangles. These patterns generally take place when there is pause in the market and there is questions regarding future direction. The patterns represent a graphical illustration of equivalent forces of supply and demand. Pushing higher will be answered with selling and any dip is regarded as a bargain.

The new higher bottoms and lower tops show more shallow compared to the last and take on a sideways triangle shape. The volume of transaction generally diminishes until a breakout occurs. A symmetrical triangle variation is the ascending triangle.

Ascending Triangles

In a technical analysis, these are known to be bullish and when in uptrend are majorly reliable.
The triangle’s top is generally flat but can have an angle that is slightly turned upward. There is an upward slant at the bottom of the triangle. Here, the market is overbought and there is a fall back in prices. Buying returns and prices go back to past highs. Buying comes back at level that is higher than before.

Descending Triangles

In charting, the symmetrical triangle also has the descending triangle as a variation and it is usually known as being bearish, present in downtrends. The triangle’s bottom part seems flat or a small descending sloping angle is noticed.

There is a downward slant at the triangle’s top part. Prices are oversold at a fallen point. Buying trends of low volume appear in the low, having subsequent rising prices. Downward trends cause the higher prices to entice additional sellers making prices fall and test the old lows again.

Head and Shoulders

Photo via Wikipedia

Technical analysis explains the head and shoulders charting pattern as a reversal pattern that is seen mostly in uptrend where it is highly reliable. This pattern is seen when there is a slowdown in the market.

Sellers enter at the left shoulder (highs) and at the neckline beginning, there is a probe of the downside. Buyers then come back to the market and eventually thrust through to the latest highs which the head represent.

The recent highs are turned back quickly and there is a re-test of the downside – continuance of neckline formation. Buying emerges again and there is an upward move in the market but there is failure in taking out the earlier high. The right shoulder is regarded as the last top.

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Relative Strength Index RSI

misswallstreet — Wed, 28 Mar 2012 01:49:25 +0000

What is the Relative Strength Index?

The Relative Strength index (RSI) is a momentum oscillator used to track the strength or weakness of the S&P 500 or other index or asset. Based on the closing prices, and typically using a 14 day timeframe, the RSI will signal to a trader if they can trust the price trend. This oscillator measures the magnitude and velocity of directional price movement. 70 is considered the high level and 30 is considered the low level. If the RSI hits 80 or 20 as the high and low, the momentum is considered to be very strong, and if the RSI hits 90 or 10 as the high and low, the momentum is considered to be extremely strong.

RSI Helps Signify Overbought and Oversold Levels

The numbers 70 and 30 signify overbought and oversold levels, respectively. When a price is making higher highs and the RSI begins to hit 70, the stock is considered overbought and this presents a selling signal. Likewise, when the price is making lower lows and the RSI heads lower down towards 30, the stock is considered oversold, and this presents a buying signal.

RSI as Confirmation for Trend Reversals

When tracking a trend, traders typically check several indicators against each other. The Relative Strength Index can be used alone to check against the price to determine if the price highs or lows are valid. If the RSI swings above 70 then drops back down, that is considered a signal for a trend reversal from bullish to bearish. Similarly, if the RSI swings below 30 then back up, that is considered a signal for a trend reversal from bearish to bullish. However, if the price continues to make higher highs, and the RSI does not, that is potentially a hidden divergence and signals a false bull run. And if the price continues to make lower lows but the RSI does not, that is considered a hidden divergence as well and signals a false bear run.

How to Use RSI to Trade

Traders typically use the relative strength index along with another indicator to bolster their confidence in the signals they receive. RSI works well with the moving average convergence divergence indicator or MACD, as well as candlestick patterns.

Photo Credits: http://en.wikipedia.org/wiki/File:RSIwiki.gif

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Elliot Wave Theory

misswallstreet — Fri, 16 Mar 2012 10:09:42 +0000

The Elliot Wave Theory is based on the idea that, in general, groups of people tend to think alike. When investors are confident, prices tend to rise, and when investors are fearful, prices drop. Mass trade psychology swings from confidence to fear and back again in a natural rhythm. These rhythms create measurable patterns.

Elliot Wave Patterns

Also known as the Elliot Wave Principle, and named after it’s discoverer Ralph Nelson Elliott, it is best seen on line charts.

If you can spot these repeating patterns and figure out which number “wave” is occurring at the moment, then you can predict where the price will go. As an overall measure of investor confidence or fear, the Elliot waves measure investor psychology. Each wave is defined by the movement up, then back a bit, then up more, then back a bit and similarly when the price falls.

Investor Psychology

News also tends to drive investors to make decisions en masse. When news of a riot in Europe cause investors and traders to fear the stability of the Euro, then the price of european equities and the value of the Euro will fall. The same type of news that moves the price today will drive investors to move the price tomorrow and once again in the future. If you study charts using any time frame from today and into the past, you will notice this same pattern of prices moving in waves.

Reduce Trading Risk

By using the Elliot Wave Theory, you will be able to lower your risk in trading. As you identify the patterns and price movements, you will know what the markets are likely to do next and anticipate probable moves.

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Life Insurance for Day Traders

misswallstreet — Wed, 07 Mar 2012 01:12:17 +0000

Are you a full time day trader? Interested in becoming one? Then you will need to set up a financial strategy to manage various risks. This could be the risk of illness, accidents or even death. That’s why you will need to look into life insurance.

Comparethemarket is a UK price comparison site that can help you save money on a range of financial products. Whether you’re looking for car, home or life insurance, or a quote on a loan or a credit card, Comparethemarket are able to help you find the best deals without spending all your time looking.

Benefits of Full Time Trading

Let’s face it. There are several benefits to being a trader full time. You can set your own schedule, you can wake up and trade in your underwear and you can take time off whenever you need to visit the dentist. But what if you get sick? If you don’t trade you don’t make money. That is, unless you have an open position or a robot trading system. There are several full time traders that often need to get out for fresh air especially if you emotions start getting to you. Then you are more likely to make mistakes while trading. Those are mistakes that you can’t afford to make if you are trading as your day job. A full time day trader will need some type of insurance, health insurance and life insurance.

What is Life Insurance?

Life insurance is a type of insurance policy that typically will not pay out except in the event of death. Remember the movie It’s a Wonderful Life? George Bailey had that type of life insurance policy and when he couldn’t make the required reserve for the savings and loan, he wanted to cash out his policy. This can provide financial security for dependents or a spouse in the case that you are the only source of income. And if you are trading full time, you may want to look into options if your income is ever interrupted.

Low Cost Life Insurance

The price of life insurance will vary based on a few different factors. Your age, the amount of coverage you need, and your health are the major factors. Are you staying fit? You should be working out and breaking a sweat at least 3 times a week. Are you eating right? Make sure to eat fruits and vegetables every day. An actuary is the person who would calculate the price of your insurance policy based on these factors. If you’ve ever built an automated trader then you know about probability and statistics. That is exactly what actuaries do. They just use the information to project certain binary events concerning humans and not the market. If you are a smoker you can also lower the cost of insurance by quitting smoking.

Types of Life Insurance for Self Employed Traders

There are several choices when it comes to buying life insurance.

Term Insurance- This policy does not accumulate cash value
Universal Insurance- This policy includes a cash value
Whole Life Insurance- This policy offers a loan against the insurance contract
Endowment Life Insurance- This policy pays out at a specific date whether the individual lives or dies

Miss Wallstreet Says

You need your eyes to trade right? Check out Accidental Death and Dismemberment insurance for a way to manage that risk.

With this type of policy, benefits are available not only for accidental death, but also for the loss of limbs or bodily functions, such as sight and hearing.

Have you started shopping for insurance yet?

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What is Metatrader?

misswallstreet — Tue, 06 Mar 2012 01:12:18 +0000

MetaQuotes Software Cooperation developed MetaTrader, a trading API platform which specializes in manufacturing financial markets software. When this was written, the MetaTrader 5 or MT5 was the newest version but MetaTrader 4 or MT4 is used widely still.

The MetaTrader package has for brokers, a server backend and for clients, trading terminal. The whole software is certified to financial brokers and they distribute client software copies to customers. The server-client communication on the internet makes independent traders able today to receive the newest price information and carry out transactions in only seconds.

The Purpose of MetaTrader

MetaTrader was mainly created for traders in the exchange industry of Forex Robot retail. It enables local traders to consider and benefit from fluctuations and the movement of prices on the globe’s main currencies. In addition, it supports the creation of custom software that comes as scripts, professional advisors and indicators. MetaTrader programmers can code these software and they can utilized in the development of software which may aid the trader in making some tasks automatic.

Eligibility to Use Metatrader

Almost everyone can conduct trades in the Forex Robot market making use of foreign exchange retail platforms like MetaTrader. To adequately survive in financial markets, traders must register with a broker who is licensed for an account. However, persons speculating can test their strategies for investment on a demoaccount. With this, hopeful traders who have knowledge on financial markets trading but do not have adequate experience for doing it, will be encouraged to test and improve trading skills without having to compromise investment.

In spite of the guarantee and convenience that MetaTrader offers, however, majority of participants in the Forex market lose some money. Reports show that approximately 99% of the traders did not take home profits. Individuals aspiring to have an independent career as a Forex trader must carefully think about their choices and test thoroughly as well as improve trading abilities on the demo prior to changing to an actual account.

Where Can Metatrader be Used for Trading?

Majority of retail traders bring their own money when trading currencies and usually in their personal homes. In addition to computer software and hardware, an internet connection that is fast is required to create constant communication with the server of the broker.
Trading API platforms like MetaTrader have given much to Forex Robot retail trading industry. Local traders are given the option to be a part of the Forex market that was in the past, only available to institutional investors and banks.

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Yakezie Carnival Dr Seuss The Lorax Edition

misswallstreet — Sun, 04 Mar 2012 08:00:52 +0000

Welcome to the newest edition of the Yakezie Carnival! This is the Dr. Seuss Lorax edition. Have you had a chance to read the book or see the movie yet? So far it is doing very well at the box office. Never heard of the Lorax? Read on for the quick and dirty synopsis!
Ready to be included in the next edition of the Yakezie Carnival? Submit your post here.

Paul Weaver @ Make Money Make Cents writes My Favorite Financial Apps – A list and explanation of my favorite financial apps that make life easier.

Dr. Dean @ The Millionaire Nurse writes Eight Reasons Single Women Buying a Home is Nuts! – Twenty percent of single women own homes, compared to just 10% of single men. Most experts think single women are drawn to the comfort/security that comes from living in your own place. Financially, is buying a home a good idea?

Kraig @ Young Cheap Living writes Attitude – Does it Make a D ifference? – A reflection on my life experiences with a poor attitude as a teenager, turning it around in college and now drastically changing my life for the better with a more positive and inspired attitude in my twenties.

Tyler @ Poor Student writes Housing Options For Students – A description and comparison of the many ways for students to live in school and how they will affect your wallet.

Evan @ My Journey to Millions writes How Much Interest Do I Pay? An Update – In November of 2009 where I sat down and actually calculated how much of my monthly payments were going to interest; again, I repeated this exercise on June 23, 2011. Well it has been another eight months or so, which means it is about time to figure out how much of my money is going to just servicing my debt via interest payments.

Mr. Money @ Smart on Money writes Ready to Refinance? Here’s What You’ll Need – Mortgage rates are low right now. Really low. Indeed, for many homeowners, now is the perfect time to refinance. Credit requirements have loosened up a bit (compared to what they were for a couple years after the financial crisis). As a result, many people are interested in refinancing their homes. Before you head to the bank to look for your refinance, though, you should be prepared.

Kevin @ Invest It Wisely writes Why I Wish I Controlled My Pension – I simply hate the idea that I have to gi ve up so much of my money. I don’t understand how it’s legal for a union to effectively say, “We know how to handle your money better than you do, you have NO CHOICE but to let us handle your pension, oh and we’ll be taking over 3% of your gross income in union dues as well.”

Dave @ Gen Y Finances writes The Saver’s Credit: Do You Qualify? – The saver’s credit allows low and moderate income workers take steps now to save for retirement and earn a tax credit at the same time.

The truffula trees were the source for the thneeds

Money Cone @ Money Cone writes A Bank That Is Better Than Ally and ING Direct? – Sure there are banks that offer crazy rates, but almost all of them require you to jump through hoops and if you miss one, the penalties would wipe out any accrued savings. I’m glad to say, I did find one such bank and it passed all my requirements:

femmefrugality @ femmefrugality writes Saving for College Pt. 1 – How to save for your children’s college using 529 accounts and Educational Savings Bonds.

Daniel @ Sweating the Big Stuff writes The Ideal Amount of Savings at Age 30 – I would like to live comfortably in retirement. Just how much do I need to save by age 30 to never have to save another penny for retirement?

Jester @ The Ultimate Juggle writes Make the Most of Your Pay Check – If you want to make your paycheck stretch further every month, you don’t have to play the lottery and hope for the best. There are plenty of everyday things you can do!

Mich @ Beating The Index writes Stock Trades: Sold TriOil Resources – Today, I sold 1,000 shares of TriOil Resources (TSXV:TOL) from my HELOC account. In at $3.11, out at $3.78, profit equals over 21.00 Percent, after commissions charges.

krantcents @ KrantCents writes The 3 F’s of Success – The 3 F’s of Success is the Sixth in a series of articles to help you reach your goal. What are your goals? I know you thought about it! You know, it is your dream, wish or resolution you made!

Tushar @ Start Investing Money writes Could You Invest in a Business? – This Post was Originally published at Could You Invest in a Business? on Start Investing MoneyWhen we think about investments we often think about stocks, shares and different forms of bank accounts. But what about investing in a business? Could this prove to be one of the best ways to invest your money for a go od return in the future? What type of business should you invest in?

YFS @ Your Finances Simplified writes How To Get Rid of Your Student Loans Without Paying or Ruining Your Credit! – The only way I know that you can get rid of student loans is through the process of Permanent Disability Discharge, in which individuals get assistance in paying off the amount of their education loan. However, there is a strict guideline as to who can qualify…

Hank @ Money Q&A writes The Dangers Of A Tax Refund Anticipation Loan – With a little bit of prior planning, there are other options that you can take in order to avoid a tax refund anticipation loan. You do not ha ve to use a tax refund anticipation loan with its high fees and interest rate.

FG @ Financial God writes A Frugal Manifesto – I have seen far too much hate for frugality and frugal people these days. I consider myself a frugal person, even though I don’t make my own toilet paper, soap, nor laundry detergent. Does being frugal mean that we all have to go to extremes?

Amanda L Grossman @ Frugal Confessions writes A Frugal Date for Long Distance and Near Distance Couples – Most of my relationship with Paul has been long distance. We met in Japan in our 20s, fell madly in love, and spent the next several years traversing the globe

Don @ MoneySmartGuides writes How To Pay Off Your Mortgage Early – Your house is for most, your largest expense. Not only in terms of the size of the monthly payment, but also in terms of time.

Dividend Ninja @ The Dividend Ninja writes When Issuing A Dividend Can Be Dangerous – A dividend can actually be a huge red flag depending on where the company gets the money for it. If you know what to look for, a company paying or increasing its dividend is not always a good sign. How does your favorite dividend paying company get the money for those annual or quarterly payments?

Eddie @ Finance Fox writes 5 Advantages of Comparing Products Online – Online comparison sites often open up their pages to comments from product users. Rather than relying solely on the claims from manufacturers, you have the ability to hear from people who have actually purchased and used these items in their homes.

Erika @ Newlyweds on a Budget writes Custom Wavefront PRK – A review of the Custom Wavefront PRK procedure at the Chao Vision Institute in Irvine and Orange County.

Dana @ Not Made of Money writes The Best Tips for Automating Your Finances – The most common area for people to struggle in their lives is with their finances. Remembering to pay bills on time, putting paychecks in the bank and keeping everything running smoothly can be impossible with the responsibilities present in everyday life. Unordered finances lead to bounced check fees, overdraft fees, late fees and other problems.

The Once-Ler chops down the Truffula trees to make thneeds

Aloysa @ My Broken Coin writes Save Time and Money by Organizing Your Finances – Ashley over at Money Talks provided details how to save time and money by organizing your finances.

Kanwal @ Simply Investing writes Want To Increase Your Investment Income With Dividends? – Are you looking to increase your investment income? What is the simplest and quickest way to increase your earnings? Dividends! Not just any dividends but dividends that increase regularly. In this article let’s take a look at the power of dividends and some recent dividend increases.

Kevin @ Thousandaire writes Used Appliances are The Best! – Don’t buy expensive new appliances. Use someone else’s old appliances and save tons of money

A Blinkin @ Funancials writes Fat Wallet Tuesday – Happy Mardi Gras to all! For those who aren’t familiar with this raging holiday, Mardi Gras is french for Fat Tuesday. Excluding the exchange of beads, there is a lesson to be learned here! Fat Tuesday refers to the practice of the last night of eating richer before the ritual fasting of Lent.

Jeremy Waller @ Personal Finance Whiz writes How to Deal With Creditors When You Can’t Pay – Despite the harsh lessons that were taught to us by the Great Recession, it seems that we haven’t quite gotten the message about the dangers of overleveraging!

Andrew @ 101 Centavos writes More on Investing in the Basics: Chocolate – Ask any lady about the bare necessities of life, and chocolate ranks way on up there. Food, fire and shelter… and fudge brownies!

Corey @ 20s Finances writes Living With Parents after Graduation from College – In preparation for graduation from college, I am sure many college students have big plans. They plan to get a job immediately after college and perhaps buy their own home soon after that. Maybe living with your parents can help you with this goal.

Suba @ Broke Professionals writes I Want To Quit My Job: Leaving Work Without Burning Bridges – The day I finally decided to quit my job was one of the most exhilarating – and terrifying. Here’s what I learned about giving two weeks notice.

Steve @ Money Infant writes What’s Love Got to Do With It! – One of the long standing personal finance questions is Buying vs renting a home. Let’s take a look at the financial wisdom of buying a home versus renting.

SFB @ Simple Finance Blog writes Why Index Funds Will Always Beat Active Managed Funds – There are basically two types of funds. The first is the ‘active’ managed fund and second the passive or the ‘index’ fund. Which is better? And why?

PITR @ Passive Income To Retire writes Investing Without Investment Experience – Investing your mone y can be one of the best ways to generate a passive income, depending on the type of investment which you choose to make. Many people believe that they will need to have significant experience in investing in order to generate a profit as an investor, but this is not necessarily the case.

LaTisha @ Financial Success for Young Adults writes Stop, Limit, Profit and Loss – Trading with the protection of stop-loss and profit-limit orders.

Jeffrey @ Money Spruce writes Tax Hack: Use Premium Features of Turbo Tax For Free and Save – Turbo Tax has many premium features that you can use for free while calculating your refund. Follow these steps to use Turbo Tax without paying a thing.

Kyle @ The Penny Hoarder writes How to Save More Money & Play the Lottery for Free – My significant other and I rarely have disagreements over our finances, but the one spending habit that we disagree on is whether to play the lottery. I know it’s only a few bucks a week, but it irks me to throw money at what I believe is a waste.

Wayne @ Young Family Finance writes Creative Ways to Save on Your Wedding – Need creative ways to save money on your wedding? Here are a few ways that everyone needs to know as they prepare for their wedding day.

KT @ Personal Finance Journey writes 5 Ways to Save Money at Starbucks – The latte factor is a term coined by financial author David Bach to describe daily, wasteful spending. For those of us trying to save more and lessen or consolidate debt, knowledge of the latte factor can cause a sense of guilt as we slyly shuffle into a Starbucks to spend our hard earned money. On the weekend,

Shaun @ Smart Family Finance writes Smart Family Finance Mortgage Basics: Lifetime and Reverse Mortgages Explained – While a lifetime mortgage is not right for everyone, it can be a viable alternative for retirees who want a larger fixed income for no additional monthly expense.

Jason @ Work Save Live writes Pros and Cons of Online Banks – What is an Online Bank? An online bank is much of what it sounds like. It is a bank (in most terms that we classify the normal banks) that you access and utilize online.

Daisy @ Add Vodka writes Individual Opportunity Costs – Everyone has a price. At work the other day, we were playing the ‘what if’ game, after a particularly horrifying happening on Fear Factor. It was along the lines of ‘Would you ever cheat’?

MR @ Money Reasons writes Blaming Your Credit Card Debt On Your Spouse – Do you blame your credit card problems on your spouse? Are you sure they are really the problem? My friend thought so too, but it wa s really him…

Jen @ Master the Art of Saving writes Tax Refunds- The Good, The Bad and Why We Get One Anyways – Financial experts along with many personal finance bloggers frown upon getting tax refunds. Why? They actually have a valid point—why loan the government money?

Ryan @ Early Retirement Investments writes Avoid These Investments that Don’t Keep Pace with Inflation – If you invest in investments that don’t keep pace with inflation, you are investing in a vehicle that is a money loser than a money winner!

John @ Married (with Debt) writes Spend Less than You Earn – To spend less than you earn is the most important personal finance rule, and the hardest to master. Join us as we learn how and why.

Jon Rhodes @ Affiliate Tips writes How To Make An Amazing Blog Post – This article give loads of hints and tips on how to make a better blogpost.

Thad Puckett @ ThadThoughts writes iPhone Fitness and Exercise Apps – A look at two iPhone apps I use to stay fit and eat right.

Beating Broke @ Beating Broke writes Would Y ou Be Better Off Single (Financially) – There are, undeniably, some benefits to being married. Both financially, and otherwise. But, are there benefits to being single as well? Would you be better off single?

Jason @ Live Real, Now writes How to Maximize Your Income and Minimize Your Expenditures – You need to both maximixe income and reduce expenditure – both sides of the coin. There are plenty of ways to do this when you start thinking, so be creative and start thinking outside the box.

Eric @ Narrow Bridge Finance writes Why I Don’t Balance My Checkbook – We have been told that we need to balance our checkbooks for decades. This common advice is given with the best intentions. We are told tha t by tracking our transactions, we are protecting ourselves from overdrafts and ensuring nothing unauthorized happens in our accounts. That is true, but there are better ways to do all of that.

Justin @ Money Is the Root writes Blog Goals and Updates 2012 – #8 – My goal is to reach earnings of $30,000 from all blogging related activites in 2012. (This is $2,500 per month average, I accomplished this in January, but fell short in February…good thing I already have some earnings built into March!)

Evan @ Smart Wealth writes What To Do with the Tax Return? – This year we are getting back a decent amount and we started wondering what we should do with our refund. Here are some of the options we are considering.

The Once-ler built a factory to create Thneeds.

Cash Flow Mantra @ Cash Flow Mantra writes Progress on Discover Card Debt – If I can continue to make my regular payment and an extra payment each and every month, I should have the Discover card paid off by roughly the end of September. Of course, if I can actually grow my earnings which I should be doing since I am part of the $30,000 online income Challenge, I will be able to get it paid off even quicker and begin working on the next credit card with the regular payment plus extra blogging income.

Rick @ Invest In 2012 writes Why Markets Go to Extremes – Markets are getting more and more volatile is time goes on. Here’s my post explaining why markets move in huge waves

Jeffrey @ Saving Advice writes Be Young, Be Frugal – I was pretty young when I got serious about saving money and being more frugal. I didn’t do it with some grand notion of preparing for my old age or anything, I just wanted more money for emergencies and to give me more choices in terms of where I might live and work. Looking back, though, I understand now why starting young was the smartest thing I could do.

Suba @ Wealth Informatics writes How to negotiate salary even in a tough economy – Most of the times general tips on negotiating better salary don’t work, because we have a lot of personal barriers. Here is a step by step guide to persuade the employer to offer you a higher salary without taking yourself out of the running for the job

Robert @ My Multiple Incomes writes Blogging is Easier If You’re Single – I’m come to the conclusion that blogging is easier if you’re single. Don’t believe me, read on!

Robert @ The College Investor writes 4 Finance Tips I Wish I Knew at 18 – Looking back at the fun age of 18, I wish I had learned these key financial lessons early on.

Little House @ Little House in the Valley writes The Glass Is Half Full: 3 Out of 4 Americans Have More in Savings than Debt – Recently, an article was posted on Life, Inc. that stated 1 out of 4 Americans have more credit card debt than they do in savings. But I’m a “glass is half full” kind of thinker and see this quite differently:

Super Frugalette @ Super Frugalette writes How to Estimate Your Taxes for 2012 – When I read how many people are receiving refunds for 2011, I have to ask myself why would anyone want to do that…when you can have your money an entire year earlier? I have come to realize that many people have no idea how to anticipate their upcoming taxes and make the necessary changes on their W4. Here are the 10 steps to figuring out your 2012 taxes.

Kay Lynn @ Bucksome Boomer writes Life after Debt – I made the last payment to Sallie Mae (student loan servicing company) today. It was the last debt, and the biggest, so by the time I got to it with the debt snowball the monthly payment averaged $2,000. That motivated the budget makeover recently as we figured out where to allocate those funds.

SB @ Finance Product Reviews writes Chase Saphhire card review – Review of Chase Sapphire Card. A travel rewards card.

Drew Snyder @ Epic Finances writes Aldi Shopping Store, Is It Cheaper Than Kroger? – A look at Aldi shopping store versus Kroger as to how much you actually save on your grocery store shopping. Is Aldi’s really that much cheaper?

SB @ One Cent at a Time writes How to find job through social media – How can you enhance your social networks to help get new job ? Find few great tips to use social media as your next job search engine. Learn how to be visible to your future potential employers.

PK @ Don’t Quit Your Day Job… writes More on the Public/Private Sector Pay Gap… – There is a pervasive gap in the compensation of private and public sector employees, and this article aims to blow the tarp off that little fact! Read on for an examination of pay practices.

Mark D. Cook @ Pathway to Trading writes Blockbuster Investment Prompts Career Smash Hit – U.S. Investment Champion and “Stock Market Wizard” Mark D. Cook reminisces about the first stock he ever purchased; sparking a very lucrative trading career.

Brent Pittman @ On Target Coaching wri tes CrossFit Your Finances – What the sport of CrossFit can teach us about personal finances.

J.P. @ Novel Investor writes What Type Of Investment Strategy Should You Use? – People are constantly on the lookout for the perfect investment strategy. That Holy Grail of constant profitable returns. Here’s a few strategies to consider while investing.

Miss T. @ Prairie Eco Thrifter writes Minimize Your Impact on the Environment with Your Finances – Have you ever considered saving money to be more “Green”? Well actually it is. The simplest way to save money, and to help the environment is not purchase items that you don’t need. Many people, including myself forget that part.

Matt @ Living in Financial Excellence writes In Business You Cannot Do It Alone – The one piece of advice I would give to someone who was starting a business would be to get into community with other like-minded people.

Lisa @ Thriftability writes Make Money Recycling Your Stuff for Cash – Electronics represents the prime category with respect to getting cash for recycled items. However, there are some other possibilities. You might be surprised what you can find.

Everything Finance @ Everything Finance Blog writes What I Learned about Money from Dr. Seuss – Dr. Seuss isn’t the first person you’d think of when personal financecomes to mind, but his books offer great advice related to money. Even as an adult, the advice speaks volumes.

Investor Junkie @ Investor Junkie writes Current Stock Broker Promotions – Via various promotions, online discount stock brokers are always trying to entice new customers, or lure them from existing brokers. I’ve listed the most popular promotions below, and links to our various promotion pages.

Steve@thelooniebinblog @ The Loonie Bin Blog writes TFSA vs RRSP: Which one works for you? – Only you can decide if an RRSP or a TFSA is better.

Paul Vachon @ The Frugal Toad writes Home Affordable Program – HAMP – The Home Affordable Modification Program or HAMP, was created to help homeowners who are facing foreclosure keep their homes. This important loan modification program comes at a time when many homeowners are struggling to make ends meet.

Philip Taylor @ PT Money Personal Finance writes Dropbox and My Paperless Office Solutions – Tools that I use to keep my business as “paperless” as possible.

Paul @ Make Money Make Cents writes The Bank Robbed My CD – Taking a look at the pathetic interest rates that banks are offering on CD’s

Matt @ RamblingFever Money writes Don’t Be a Cheapskate While Dining Out – There is nothing wrong with being frugal, and saving money to improve your personal finance situation is a good thing. But, when it comes to eating out, I have to respectfully disagree with most of the frugal advice. In fact, I would go so far as to say that frugality while dining out is a contributing factor to some of the bad economic times.

AverageJoe @ Average Joe’s Money Blog writes Budget Spreadsheet on Steroids: A Mint Review – Used well, Mint can speed up the budget process for a busy family.

Penny Golightly @ TotallyMoney writes Living with debt: Coping with shame – An article about coping with debt.

Kari @ Small Budget Big Dreams writes Is Your Bill Basket Making You Broke? – Is your bill basket a hot mess? Are you bills strewn across the house unopened, or opened and tossed in the basket? Have you ever lost a bill or forgot to pay a bill because you couldn’t find it? If you answered, “Yes” to one or more of the questions above, your bill basket might be making you broke!

Edward Antrobus @ Edward Antrobus writes Tax Reform Needs to Start with the W-4 – My personal income tax reform plan: change the w-4 to better capture the realities of two income families.

Savvy Scot @ Savvy Scot writes Our Wedding in Thailand Explained – The story of why we chose to get married in Thailand over the UK.

The Happy Homeowner @ The Happy Homeowner writes Confessions of a PF Blogger: Powerless – This post is part of my Confessions of a PF Blogger series where I’m recounting my financial past. In this edition, I elaborate on the time I spent as a homeless, jobless person and how I was able to bounce back.

My name is the Lorax, I speak for the trees!

Sicorra @ Tackling Our Debt writes Is It Too Early to Start Planning a Cash Only Christmas? – Do you find Christmas to be overwhelming because you spend too much? Why not plan a cash only Christmas and avoid all the stress of too much spending?

Melissa @ Mom’s Plans writes Debt Snowflake Challenge #9, Don’t Give Up When Progress Slows – If you don’t make much progress for a week, or a month, or two months, don’t give up. As long as you aren’t incurring new debt, you are heading in the right direction, albeit slower than you would like. But you’ll get there.

Kraig @ Young, Cheap Living writes Thoughts as Dow Closes Above 13,000 Again, Finally – I honestly don’t know if this means the economy is recovering, but I’m starting to feel better about it and I bet so are a lot of other people in this country as well. I’m also starting to feel like I’m missing out on the earnings by not having my money in the market and I discuss more on my thoughts here.

Jon the Saver @ Free Money Wisdom writes Making Term Life Insurance a Worthwhile Investment – Is life insurance really worth it? Instead of treating it like a burden, why not treat it like an investment? Life insurance is important.

John @ Passive Family Income writes My Weight Loss Program Update #3 – This is an update to my weight loss program

Ashley @ Money Talks Coaching writes How Does Your “Money Style” Affect Your Life – What is your money style? According to Wife.org there are 3 basic money styles; hoarder, avoider, or splurger. If you don’t know what your money style is you can take the quiz over on Wife.org. I don’t even need to take the quiz. I know I’m a hoarder. What are you? Think about your money style.

Crystal @ Budgeting in the Fun Stuff writes Our Meeting with a Tax Lawyer – As I have mentioned, Mr. BFS and I really didn’t know how we were going to proceed tax-wise now. So we scheduled a one-on-one m eeting with a tax lawyer.

Thanks for a great carnival!

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What is Heiken Ashi Indicator?

misswallstreet — Sat, 03 Mar 2012 08:07:16 +0000

Heiken Ashi candlesticks are similar to the typical Japanese candlesticks that you normally see in charting packages; however, they have a few basic differences. Also called Heikin Ashi candlesticks, they are used to interpret market trends.

What is the difference between Japanese candlesticks and Heiken Ashi Candlesticks?

Unlike regular Japanese candlesticks, which show the open price, close price, high and low price; heiken ashi candlesticks use a simple average formula to chart the trend of prices.

Although not entirely important because most of the charting packages will calculate and show the candlesticks for you, here is the method for calculating a heiken ashi candlestick.

Take the average of the open, high, low and close to get the heiken ashi close.
Close = (Open Price + High + Low +Close) / 4

Take the average of the open and close prices of the previous candlestick to get the heiken ashi open.
Open = (Average of Open Price and Close Price of the previous bar)

To get the heiken ashi high and low, take the maximum and minimum values, respectively of either the high, low, open or close.
High = (Maximum value of the (High, Open, Close))

Low = (Minimum value of the (Low, Open, Close))

When sellers are in control, the candlestick will be red. When buyers are in control, the candlestick will be green.As the power shifts from sellers, or bears, to buyers, or bulls, the composition of the candlestick will change.

A bearish trend consists of several red heiken ashi candlesticks with long upper wicks and no bottom wick. When the bearish trend is strongest, the candlestick will have a very long wick.

A bullish trend consists of several green heiken ashi candlesticks with long bottom wicks and no upper wick. When the bullish trend is strongest the candlestick will have a very long wick.

Once the trend begins to change or taper off, the candlesticks will begin to look like normal Japanese candlesticks with maybe both an upper and lower wick. A common trend reversal alert is a doji, with a small body and upper and bottom wicks.

Traders like the heiken ashi charts for their simplicity. It is easy to see who is in charge when you see several of the same color candlesticks in a row. Also when the wicks begin to get smaller and taper off, you will know that momentum is slowing in either direction. Heiken ashi candlesticks also eliminate excessive market noise because of the smoothing.