Eight Ways To Sink Yourself FinanciallyWritten by Richmond Acheampong
1. Don’t focus on your finances The reason most people get into debt is because they don’t spend enough time focusing on their finances. You need to get a grasp of where you’re at financially, keep track of your income in relation to expenses and spending habits.2. Failure to develop a good financial plan No one would imagine going on vacation without planning for it. Yet when finances are concerned, many people don’t plan. A good financial plan can be difference between comfortable living and struggling to get by. 3. Waiting too long to invest When making investments, time is of essence. Compound interest earns money over time; so don’t wait too long to save for retirement. The longer you wait to invest, smaller your return on investment. 4. Marrying wrong person Who you marry has a huge impact on your finances. Couples with different views on money, create stress in their marriage. Divorce apart from emotional pain and suffering causes financial heartache.
| | Are You Looking For a Trading System?Written by Joseph Sgro
Anyone who makes money trading has a system so it makes very good sense that you have one too.Your system should be a collection of rules and signals that you use regularly to time your buying and selling. You want your system to create for you a mechanical process that prompts you to take action and more mechanical you become better your results. Traders quite often get swamped by their emotions and they fail to take necessary action to save their capital. The most common mistake is to keep "losing trade". When things don't go way you expected smart thing is to sell out. Not every trader can make this simple decision and this accounts for usual losses suffered by traders. It is said by many that 90-95% of traders lose more money than they make. So what could be likeliest problem?
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