The Most Costly Expense of All

Written by Terry J. Rigg


Continued from page 1

Do any of these sound familiar?

Well, that'srepparttar problem but what about a solution. The solution is simple no matter what your financial situation is.

First, you must find out where you stand now. That could be as simple as writing down your income and bills and expenses on a piece of notebook paper. Then subtract your expenses from your income. Make sure to include your household expenses (groceries, car gas, etc.) in your expenses.

Now look atrepparttar 112591 numbers. Do you have anything left over? If so what are you going to do with it? That'srepparttar 112592 next step. If you don't then you need to consider cutting some of those expenses.

Now you need to decide what you really want your money to do for you. Set your goals! This could be saving for your retirement, buying a home, college forrepparttar 112593 kids, getting a new car or any number of things. That's why you have to decide for yourself. There are just too many variables for someone else to help you.

My first suggestion is that if you have credit card debt you look for a way to pay them off and stop using them. Realizing that goal could make your other goals more likely to succeed.

Now it's time to set up that dreaded budget. Where are you going to findrepparttar 112594 time and desire to write everything down that you spend and allrepparttar 112595 other stuff that goes along with keeping a budget? The answer is that you don't have to!

One ofrepparttar 112596 biggest myths about budgeting is that you need to keep up with it everyday. That'srepparttar 112597 reason so many people refuse to try.

It does take a little time to get your budget setup. There are a lot of things that need to be considered. But once your finances are down on paper there is no reason to work on it except on payday. You will find a link to a free budget like this inrepparttar 112598 bio of this article.

If you believe that managing your money is to difficult or just too much trouble considerrepparttar 112599 alternative. Not managing your money is probably robbing you of thousands of dollars a year and could lead to financial disaster.



Terry Rigg is the editor of the Budget Stretcher web site http://www.homemoneyhelp.com and The Free Budget Stretcher Newsletter http://www.homemoneyhelp.com/confirmsubs.html . He offers a free Budget System complete with the forms and worksheets needed to make it work. http://www.homemoneyhelp.com/BBOonline.html


BEGINNER'S SAGA: HOW TO USE MECHANICAL TRADING

Written by www.e-mastertrade.com


Continued from page 1

There is only on criterion of good system: optimal risk/yield parameter. If MTS does generate both signals it have to provide statistical advantage - to generate more profit transactions than loss ones. From statistical point of view it means that afterrepparttar end of trade intervalrepparttar 112590 amount of money exceeds initial value. MTS has statistical advantage if:

(average profit transaction) * (percentage of wins) > (average unprofitable transaction) * (percentage of losses)

But this expression is not accurate enough. It doesn't take inrepparttar 112591 count expenses - commission, overheads, etc. If expenses are high profitable MTS may become unprofitable one. If transaction commission is $50 than 40 transactions will costrepparttar 112592 trader $2000. Such expenses will shrink $20000 account by 10%. Let's correct our expression:

((average profit transaction) * (percentage of wins) - (expenses)) > (average unprofitable transaction) * (percentage of losses)

One of criterions for measuring MTS effectiveness is selection of optimal amount of transactions called reliable pattern. Choice ofrepparttar 112593 reliable pattern is a quite subjective thing. Some traders require only 10 transactions and others require no less than 1000. Well, last ones are too conservative but mathematically right. But if we are allow these price movements are mostly random then we may say that many pattern transactions are quite random at win or loss. That's why we must have many transactions to reduce influence of random factors on total statistics.

At other hand many experienced traders are contending that 30-35 transactions are enough; for seasoned traders 10 are enough. It is all aboutrepparttar 112594 trading isrepparttar 112595 area where art and experience meetrepparttar 112596 science. We may say only one thing -repparttar 112597 more checks do mean better results. Real pros understand that there is no perfect mechanical system ideally suitable for assets of financial market. Art of pros isrepparttar 112598 choice ofrepparttar 112599 configurable system - which will be calledrepparttar 112600 best after training.

http://www.e-mastertrade.com Mechanical Trading Systems portal, stock and index price forecasting You may subscribe on daily news for free here: http://www.e-mastertrade.com/en/main/services/signup_news.asp



NEWBIE'S ILLUSIONS AND PROFESSIONAL APPROACH


    <Back to Page 1
 
ImproveHomeLife.com © 2005
Terms of Use