Credit can be your #1 asset or your worst enemy. The trouble is, it can be a very stressful experience when an unsuspecting person find out there's something wrong with their credit. One minute you feel you can buy up world, and next minute, you're told your credit is denied! All of a sudden, your credit is not as welcome as someone who still has their good credit. It's a situation that affects so many, especially when applying for new credit.

Without good credit, people soon discover it's difficult to live without necessary items that are needed. Unless you know how to improve, increase and repair your own credit, you will have to overcome many obstacles. Items such as new cars, houses, even rental properties and job placements can become very difficult to obtain. However, it doesn't have to be this way! This is why it's so important to know how to use your credit- no matter how good or bad- in your favor!

Bankers and lenders in certain geographic areas usually will turn to one credit reporting agency. There are many, however, that subscribe to more than one. That can work in your favor because in many cases your complete credit history will never be accessed by a credit bureau located in another area.

To be successful in trading game, there are some rules to follow. By violating rules, you will definitely on losing side of game.

Regardless of all trading books and newsletters that have cropped up, all of market gurus are sharing and following same trading rules. You can't live without them if you want to succeed in your trading.

Here are rules to successful trading, in random order, and they apply in all trading situations:

1.PLAN YOUR TRADE AND TRADE YOUR PLAN. You must have a trading plan to succeed. A trading plan should consist of a position, why you enter, stop loss point, profit taking level, plus a sound money management strategy. A good plan will remove all emotions from your trades.

2.THE TREND IS YOUR FRIEND. Do not buck trend. When market or stock is bullish, go long. On reverse, if market is bearish, you short. Never go against trend.

3.FOCUS ON CAPITAL PRESERVATION. The most important step that you must take when you deal with your trading capital. You main goal is to preserve capital. Do not trade more than 10% of your portfolio in a single trade. For example, if your portfolio is $10,000, every trade should limit to $1000. If you don't do this, you'll be out of market very soon.

4.KNOW WHEN TO CUT LOSS. If a trade goes against you, sell it and let go. Do not hold on to a bad trade hoping that price will go up. Most likely, you end up losing more money. Before you enter a trade, decide your stop loss price, a price where you must sell when trade turns sour. It depends on your risk profile as of how much you should set for stop loss.