Investing and Learning How to LoseWritten by Ioannis - Evangelos (Akis) C. Haramis
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Yet, when most people start trading, only thing they think about is profit objective. Countless hours are spent on discovering how to buy and sell market with unwavering accuracy. Once they buy a market, amateur trader only thinks about how high is market going to go. Little effort is put into considering how low market could go, and where they should get out in order to control their losses. These thoughts, which are so distant from minds of most traders, are what separate winners from losers. Risk management is practice of determining what percentage of your account to risk for each and every trade in order to maximize expected profit potential of your trading strategy. Once this amount is determined, this percentage must be translated into an absolute value and stop loss orders must be placed once a trade is entered in order to control potential losses at this value. There is no guarantee that such efforts will control your losses, since market can gap in price beyond your stop loss order, resulting in losses greater than planned.
Copyright © 2005 Ioannis - Evangelos (Akis) C. Haramis haramis@greekshares.com http://www.greekshares.com Ioannis - Evangelos (Akis) C. Haramis was born in Athens, Greece in 1951. He studied in Greece, in USA and in Belgium and has been active in the stock markets since 1972. Since 2002 he is New Business Development Managing Director at an Investment Bank and the editor of http://www.greekshares.com
| | Purchase Your First Home with ConfidenceWritten by Neda Dabestani-Ryba
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Mortgage payment--Fear of being rejected for a home loan is one of main concerns for first-time homebuyers. To lessen stress, you may want to get pre-approved for a loan before looking at prospective homes. This will not only help you feel more confident, it will also give you an advantage where there are multiple offers for a specific property. In addition, fact that your loan has already been approved is of great value to seller because it shortens purchase process, and there is less of a chance that buyer will back out of sale. If you don’t have a specific mortgage lender in mind, ask your sales professional for a recommendation. Down payment--The down payment amount varies depending on value of home you choose and your mortgage lender. And in some cases, first-time homebuyers can purchase a home with no money down. Although it varies from state to state, most offer government-funded programs for first-time buyers that help people buy a home with no down payment. Your real estate professional will be able to explain different options available to you. Making offers--Don't feel pressured into making an offer on first home you see. This is a common mistake of many first-time homebuyers. Make sure you view different homes to get a feel for marketplace. When you decide on a home to make a bid on, work with your real estate professional to get all of your questions answered before making an offer. But don't wait too long to make an offer. The longer you wait, greater chance other prospective buyers may place offers, making it harder for you to negotiate a good deal. Above all, remember there are no silly questions. Make sure you understand and are comfortable with every aspect of transaction. Your real estate professional can be an invaluable asset in helping you make educated decisions so that your first home purchase is a rewarding experience.
Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/ Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.
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