Support and Resistance BasicsWritten by Trader Jack
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If you can identify support and resistance levels on a chart while trading, you can figure out where to jump in with entire weight of market behind you, should that price be broken. The most well known support and resistance levels are so-called 'floor traders pivot points'. www.Traders101.com provide a free support and resistance level calculator for these floor traders pivots - unlike usual pivot calculators which require you to enter open, low, high and close data, traders101.com version just needs a stock symbol, and will then generate support and resistance levels automatically (and for free!)
Trader Jack writes for www.traders101.com - the free site from traders Initiative helping traders get up to speed fast
| | Find the best Mortgage Rate for youWritten by Kent Clarke
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different mortgage lenders in a like for like manner, and shows you true cost of loan as a yearly rate. This stops lenders hiding 'extras' (such as upfront fees) behind a fog of low rate claims, and means you have true rate to play with. generally, most house hunters get an approval in principle from their chosen mortgage company. This makes you more attractive to sellers because it shows you are serious, and have financial wherewithall to proceed should you decide to try and buy their house. It will also give you a firm indication that of what your budget is (although most lenders have slackened their rules in recent years, they still apply SOME rules!). This pre-qualification will keep you in right price bracket too, and stop you wasting time on properties beyond your reach. If you meet lender's criteria, try to lock in a rate. This means lender promises to hold their offer for you at a certain rate for a certain time while you proceed with purpose. Variable rate mortgages, more popular in Europe, can be crippling if rates rise from historically low rates prevalent at time of writing.For next step, consult www.mortgagedown.com and get that mortgage down!
Kent Clarke writes for several websites, including www.mortgageDown.com - a free site helping you get your mortgage down
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