Monday, October 29, 2012

3 Simple Effective Forex Pivot Point Trading System That Will Make You Profit

Pivot trading system is a very effective and reliable trading system in the forex market that can be used alongside other indicators and you can be sure of raking in some profit before the end of the days trading is over. Pivot point was originally discovered in the stock market.

They were used by floor traders to note possible areas of resistance or support before commencing the day's trade. Pivot numbers are now made available online to forex traders to use by plotting it on their trading platform to trade profitably. Without pivot numbers it is like flying a plane with no compass or map, so these points are very important. The question for a newbie forex trader will be how to use the pivot point to trade the forex market. Listed below are three effective pivot points trading strategy that anyone can use.

1. Pivot breakouts: You can use this strategy only when the current price moves close to the pivot number, and tries to break it. Before placing any order watch the behavior of price around the resistance or support number, if price decides to break through that pivot, then you should place your stop loss on the other side of the number that was penetrated and you should normally target the next pivot point for profit.

2. Pivot Bounce: If you watch price in relation to the pivot number and you see price hitting a particular pivot more often, and it is unable to penetrate that pivot. Then we have a bounce. You should place a sell order if for example the bounce happened at a resistance number and your stop loss should be above that pivot point.

3. Pivot point combination: This strategy is the most effective of them all, because you use it in combination with other indicators of your choice to confirm if price has truly broken through a pivot. You can plot two moving averages, MACD indicator, and stochastic and relative strength index to confirm before you place your trades. This is an advance form of trading which is very profitable if used well with discipline.

Tuesday, October 23, 2012

Truck Finance

Buying and owning a vehicle is every man's dream in Australia. But if you are a farmer or an owner driver who wants to buy a truck then things can be more difficult than buying a car. Why? The investment involved here is greater so is the risk.

Truck finance in Australia is supported by many banks and financiers. For big truck finance there can be a commercial truck loan application needed.

Usually people choose to buy a new truck through financing, which can be a sensible option especially if you are hard on cash. This process involves payment via installments making it more feasible for middle class individuals.

Truck financing is available at a bank or a private individual can also lend you money. You can choose which lender, after weighing the pros and cons of both and decide which one to go for.

People normally can think of only two ways of buying a vehicle, either pay in cash or obtain a loan. The former one is not a likely choice for most of us involved since it is can tie up valuable working capital or funds that you can invest elsewhere for better value.

Finance companies generally require three main fundamentals when approving a large truck loan. These are:

That you own a property, cash, shares or assets of real value. This is known as fallback position which means you have something to fall back on if the unforeseen bad time happens.

Working capital. Most trucking contracts don't see income until after the first month, sometimes longer. Finance companies want to see sufficient funds available that you have at your disposal to cover expenses and if there is an unexpected expense like engine trouble. This amount can be anywhere between -,000, depending on the age of the truck.

Confirmable work source. For startup truck finance applications it is important that you have sufficient arrangements for where the work will come from. This normally has to be in writing and confirming in what way will they will pay you (ie by weight, km's, load). This should also state what work would be made available to you.

Existing operations may not require this as their current financials may show affordability. Banks and finance companies can ask you for your last financials.

Truck finance can require a tailored finance application. This can require but may not require cash flows, financials and details account of your business. A commercial loans broker can be useful to do this and assuring you get your truck finance at better interest rates.

A good commercial loans broker will be able to assess your application before submitting it to a finance company assuring that it is going to the correct lender and it will have a good chance of finance approval. They should be able to assist with any cash flows, financial information and presenting your application correctly.

Monday, October 15, 2012

The Chicken Or Egg Approach To Acquiring A Home Loan

People often need to know what happens first - do you first search around until you find your dream home and then obtain a home loan, or do you first obtain a home loan and then start to look around?

For me personally it might make sense to first obtain a home loan to see just how much I actually qualify for, before starting with the big house hunt. It would make no sense falling deeply in love with the most amazing, perfect house ever. and then be told that I only qualify for a 3rd of the loan amount!

Nonetheless, in order to actually apply for home loans, a bank or other loan company would require seeing an offer to buy. This document is confirmation that you are really thinking about buying the house for which you want to get a home loan for.

When you think about the above, it is really a catch 22 situation. You can't set your heart on a property unless you find out what the size of your awarded home loan would be, but you cannot determine what your actual home loan amount will be without selecting the house first. It is really a case of which was first - the chicken or the egg?

The good news is, you'll be able to at least get a basic idea of the home loan amount you qualify for. There are many home loans calculators available on the internet which can assist you with a basic calculation. You only have to enter your total income monthly, the interest rate presently and the period you want to pay the loan off over, and you will be provided with 2 figures: The maximum amount you qualify for and your monthly bond repayment should you decide to obtain the maximum loan.

This is however no guarantee that you will be awarded the home loan. A home loan application is quite a lengthy process and everything from your monthly expenses to your financial history and criminal records get looked into in the finest detail.

Some financial institutions offer the option of pre-approval for home loans. They will basically complete the whole home loan application with you, and once you are approved for a certain amount you have a specific time period in which to find and purchase a house.

As with all other things that cost a lot of money, it is very important do proper research beforehand. Not all lenders will offer you the same rate of interest for example. Some will suggest a set interest rate and others a variable interest rate. Other companies might offer you a payment holiday (where you don't have to pay for a number of months in case of unexpected circumstances), other institutions will frown at the idea.

The most important thing is to go with a well-established house loan company to assist you with this exciting purchase. Speak to friends and family and get several referrals before making your decision. Buying a house is a huge accountability - make sure that you are properly prepared!

Sunday, October 14, 2012

Home Loan Mortgage With Bad Credit: An Affordable Route To Home Ownership

Bad credit ratings are supposed to play havoc with the chances of securing approval on a mortgage application, but it is possible to get a home loan mortgage with bad credit. Having a bad credit history is no longer the end of the world when seeking large loans. The right lender is always willing to take the risk.

The fact is that bad credit is not the indication of risk that it once was, with honest borrowers suffering in the economic crises of recent years. And with the growing influence of online lenders as known experts in lending to bad credit borrowers, getting approval with poor credit history is not likely to be too difficult anyway.

There are always compromises to be made, of course, but these can be affordable. Interest rates on a home loan are typically higher than those charged normally, but they are also almost always lower than those charged by traditional mortgage providers.

What Criteria Are Required?

Satisfying the basic criteria is essential first if there is to be any chance of getting a home loan mortgage with bad credit. Of course, the specific criteria themselves are no surprise at all, relating to age, citizenship and employment status. These are simple to prove.

Essentially, all loan applicants must be over the age of 18, while only US citizens and legal long-term residents are entitled to apply. Full-time employment, as well as an income sufficient to ensure repayments are made, are also essential. When these aspects are confirmed, then the task of seeking approval with poor credit history can begin.

That stage of the application process has its own set of issues, not least the debt-to-income ratio that the applicant has, which dictates the affordability of the home loan. The only way in which bad credit scores play a part is in the interest rate to be charged.

The Importance of Debt-to-Income Ratio

While credit scores can have a minor effect on the affordability of a loan, of far greater significance is the debt-to-income ratio the applicant has. Securing home loan mortgages with bad credit is dependent on proving repayments can be made comfortably, and the ratio establishes that as either fact or wishful thinking.

The ratio measures the income earned each month against the total monthly expenditure. Set at 40:60, it allows no more than 40% of income to be committed to repaying loans, so getting approval with poor credit history is heavily dependent on staying within that limit.

Lenders are very strict about the ratio, so if the home loan repayments cannot fit within the 40% limit, then they will reject the application. The size of an income is irrelevant if existing debt is too high, so clearing some of that debt with a small consolidation loan is the best way around that problem.

Use a Large Down Payment

A key part to any property deal is the down payment made, but its importance extends far beyond the role of just sealing the deal. It also reduces the size of the required mortgage, thus lowering the debt. Getting a home loan mortgage with bad credit is greatly helped by a providing a larger down payment.

For example, a 10% payment on a 0,000 property means a mortgage of 0,000 is needed, but a 20% down payments lowers the sum to 0,000, and approval with poor credit history is easier to secure on the smaller sum.

Remember too that with a lower principal borrowed comes a lower monthly repayment. And with every savings made, the better off the borrower is. After all, over 30 years, saving just each month on home loan repayments means a total savings of ,000 over the lifetime of the mortgage.

Friday, October 12, 2012

Review of Primerica's Business Structure

What is Primerica all about? Well, the purpose of this article is not to put down Primerica, nor is it to sing the praises of Primerica. My intended goal is to give you the most unbiased and genuine informationto help you decide on whether or not Primerica is for you. Therefore, to be victorious, we must first examine Primerica's history and Corporate Mission. We will then talk about the most prevalent Pro's and Con's concerning the business structure, pay plans and marketing strategy.

Primerica was founded back in 1977 by an old High School Football Coach named A.L. Williams. A.L. Williams was a remarkable personality that like so scores of other geniuses, tripped into his Ah Ha moment. A.L. hated the fact that he saw many of his family members struggle to pay all of their monthly obligations. To make matters worst, he could not figure out why so many would pay for Life Insurance their entire life! Thus the idea of Term Life was created. A.L. believed it made more sense to split your investments from your life insurance and to simply pay for life insurance during the years that you stand to lose the most. These years would be between 25-55 years old when you are just beginning to aggragate your assets. At this age you don't have a sufficient amount of money on hand to pay off the debt you have produced by attaining new mortgages, car loans, student loans, etc So during these years, you need life insurance that would prevent your children from inheriting a ton of debt in the event that you would unexpectedly die. Primerica's whole foundation is built on this point. purchase Term Life Insurance for a 30 year Term, saving hundreds of dollars per year off the Whole Life Insurance Products, and then invest the difference into Mutual Funds that have an usual ROI of 10 12%. So by the time your 30 year term policy expires, you have no debt and enough cash flow to pay off any items purchased at this point.

Now, this is a brilliant way of thinking and a very easy to apply savvy financial move. Just so you know, I sold Primerica Products for years and had a pretty flourishing career with the company. I didn't leave Primerica, because it doesn't work.I left Primerica simply because I found something that worked better for me. This is not to say that Primerica will not be beneficial for you though. The Pro's to working within Primerica are as follows:

1. Very low start up cost of roughly 0 to join
2. Brand recognition, many have already heard about Primerica Products
3. You can make some additional cash flow and build a business at the same time
4. It is truly a product that is needed in this day and age

on the other hand, there are also some Con's to working and developing a Primerica business. It was many of these reasons that caused me to reassess my long term affiliation with Primerica. Some of the Con's to working with Primerica are:

1. Very high attrition rate (most quit after 90 days)
2. You and everyone in your down line must pass a series of test to sell the products (Securities Test Series 63 and 6 Exams and the State Life Insurance Exam) these test are difficult for some, but have prohibited many from working with Primerica. It's tough enough to find people to work the business, but then they also have to take hours of education courses and pass exams
3. The pay is not residual. You are only paid on the Life Insurance Policies you sell once. You are paid a slight residual on the Mutual Funds you sell, but pennies on the dollar. So to keep making money, you need your teams to keep selling policies.
4. You are restricted to the state you live in. You have to get separate licenses for any other state you want to sell policies. So, you will ultimately saturate your communities.
5. To reach the level the Regional Vice President level of Primerica, you must quit your Job and you cannot own other businesses that Primerica deems conflict of interest with them. (This is what got me, being that I owned 4 other businesses at the time).
6. Lastly, the marketing plan is non existent. Your marketing strategy is to sell all your Friends and Family members and then use their warms markets to keep growing your business. Most people hated this!

So again, Primerica does have great benefits, as well as, great short comings. You simply need to decide if the Pro's outweigh the Con's before you make the leap.

Wednesday, October 10, 2012

Hugo Boss Biography

When Hugo Boss began his clothes factory, fashionable suits and perfume were not on the agenda. These days, Hugo Boss is a well recognized universal style empire with a chain of stores in 102 international locations, more than 5000 shops and an annual turnover of over half a billion dollars. However, it was not always so good for the man whose business created one of the world's most trendy men's clothing lines and now also features Hugo Boss cologne along with additional men's accessories.

Hugo Boss began his clothing business during 1923 in Metzingen, where it is even now based, a little municipality south of Stuttgart, Germany. But, due to the economic climate in Germany at the time Boss was forced into bankruptcy in 1930. Undeterred, Hugo formed a new company and during 1931 became a member of the Nazi party. Along with the advance of Adolf Hitler in 1933, Boss's business also started to thrive as he became the formal supplier of uniforms to the SA and SS guards.

With the defeat of Nazism in 1945, Boss was accused of being sympathetic to the Nazi cause and was denied the right to vote in Germany and forced to pay a fine. He passed away during 1948 but his company survived and in 1953, with the need for SS uniforms no more, the business turned its direction to making suits. The timing was ideal, as the male style industry was just establishing itself and through the 60's and 70's Boss suits formed the level for quality, fashionable menswear.

In 1985 the business was floated on the stock market as a consequence the biggest shareholder is currently the Marzotto textile group. In 1993, exactly seventy years after it was founded, Hugo Boss launched its initial cologne, as a result setting up a department of the business which has gradually grown to be an important area of business for the company.

At present there are two major clothing lines - Hugo Boss and Hugo. The Baldessarini brand, named after the chief designer Werner Baldessarini (who left in 2002), was discontinued after the release of the spring/summer collection of 2007. Baldessarini is now a standalone business division which concentrates on a more prominent image than its 2 sister brand names. It sells, similar to the other Hugo Boss brands, garments, footwear, fragrances along with accessories but left Hugo Boss after the Spring/Summer 2007 collection had been dispatched to boutiques. This is due to the newly launched premium Boss line, Boss Black Selection, outselling Baldessarini. Baldessarini fashion was recently sold for approximately 9 million euros (Aug. 2006) to Ahlers AG, a fashion brand holding company. Werner Baldessarini continues to design the collections; he will also be in charge of marketing.

In addition to suits, over the years Hugo Boss has branched out into shirts, ties, tuxedos, underwear, footwear, sunglasses as well as a variety of mens cologne and womens fragrances.

Today's sub-brands for men include: Boss Black/Boss Black Selection, Boss Green, Boss Orange, Hugo, and Baldessarini. For women: Boss Black, Boss Orange (announced in July 2005 for Spring/Summer 2006 launch) and Hugo. Also part of the brand are Lifestyle


All fragrance brands (Hugo, Hugo Boss and Baldessarini) are now owned by Procter & Gamble.

Monday, October 8, 2012

Top 4 Banks Of Singapore And Their Requirement To Open A Account

Singapore is a commercial hub, currently there are 140 commercial and 80 merchant banks.It is always advisable before opening a bank account you must browse all information , what facilities different banks offers.There are several banks in singapore such as HSBC, citibank, abn amro, dbs , Standard Chartered etc.All these banks are famous for their customer services, you can choose any of the them.

Some of the well known Singapore Banks

United Overseas (UOB) : It is one of the best bank in singapore, has branches in Malaysia, Thailand, Indonesia and China.UOB provide a lots of services such as life assurance, general insurance, corporate finance, investment banking, commercial and corporate , private , personal financial services and asset management.

Oversea Chinese Banking Corporation (OCBC) : OCBC in Singapore was formed in the year 1932 by the merged of OCBC , Chinese Commercial Bank Limited, the Ho Hong Bank Limited and the Oversea-Chinese Bank Limited. The main aim of bank is solving the financial needs of the customers for both personal and business purposes.

Development Bank of Singapore (DBS): It is one of the top bank of singapore .DBS enjoys the top most positions in consumer banking, management of assets, securities brokerage, treasury and markets, equity and debt fund raising.It is one of the leading bank in singapore and working with a aim to solve the customer problem.

Citibank: The main branch of Citibank in Singapore is located at MacDonald House in Orchard Road. It offers full bank services and shares its ATM network with HSBC, ABN AMRO, Standard Chartered and Maybank. Citibank in Singapore is a branch of Citibank N.A of the United States.

Types of bank account in Singapore
Current accounts It is used for everyday banking. It is require a minimum balance be maintained. Interest rates paid on current accounts are mainly low

Savings accounts Basically saving accounts pay a higher rate of interest than current accounts. Savings accounts require a minimum balance to be maintained

Fixed-deposit accounts This account is used for long-term saving, with interest rates offered typically higher than either current or savings accounts.

Opening a account in singapore

In order to open a bank account you require:
1. A photocopy of your passport , it act like a Identity proof.
2.Employer's letter : Bank only open account , if you are a resident or have an employment visa.
3.A recent phone bill
4.A copy of residence proof.
5.Initial Deposit : a intial deposit is required to deposit in the account.

Most of the banks of singapore works from 9.30 a.m to 3 p.m (Monday to friday)
9.30a.m to 11.30 on saturday.
Sunday closed.

What you get with your bank account

Services of accounts various from banks, and depending upon type of account you choose , you will recieve a cheque book, ATMcard and Network for Electronic Transfers.

Saturday, October 6, 2012

New Government Initiatives To Boost Real Estate Sector In India

At the Government level many new policy initiatives have been taken recently to boost the real estate Property in India . These policy decisions will lend a stimulus and impetus to the industry. It is beyond doubt that the new initiatives will unlock the potential of the sector. Also, along with the stimulus package announced by the Government, the Reserve Bank of India (RBI) has taken a definitive step whereby banks are allowed to devise new schemes beneficial to the property sector.

As part of the Government initiatives to boost real estate boom sector India, RBI has declared concessional schemes for the real estate sector. Such initiatives include:
Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by increasingly larger number of states.
In case of integrated townships, the minimum area to be developed has been brought down to 25 acres from 100 acres.
51 per cent FDI allowed in single-brand retail outlets and 100 per cent in cash-and-carry through the automatic route.
Full repatriation of original investment after three years.
Minimum capital investment for wholly-owned subsidiaries and joint ventures stands at US$ 10 million and US$ 5 million, respectively.
100 per cent FDI allowed in realty projects through the automatic route.

Further, in its endeavour to initiate new policies to boost the real estate sector in India, the Ministry of Commerce and Industry, Government of India, has taken steps to reduce the time taken to develop special economic zones (SEZs) by simplifying the procedures to get the tax-tree industrial enclaves notified. Now developers can easily get their land classified as an SEZ at the outset itself by producing title deeds to prove their ownership. Again, the Government has announced several concessions in the Budget 2008-2009.

New Government initiatives to boost sector of Real Estate India include granting a tax holiday on profits from initiates in the financial year 2007-2008. In order to enjoy this benefit, the housing projects should be of the affordable housing unit type of 1000 to 1500 square feet. Another condition is that such projects should be completed by March 1, 2012. Further, the Finance Ministry has allocated US$ 207 million to grant 1% interest subsidy on home loans up to US$ 20, 691. In order to avail this benefit, the cost of the home should not be above US, 382. It is believed that these initiatives will be add further impetus to the real estate sector in the country.

Thursday, October 4, 2012

Fandango - Iphone App Review

Fandango (Free)

REVIEW- Buying tickets on your computer is so last year!

There are so many free apps that show you what movies are playing in theatres and where and when you can go to see them in your town. But what about apps that let you buy your tickets before you go? That's right, with this entry into the app store, Fandango puts the ability to buy movie tickets in the palm of your hand, wherever you go.

When you open up Fandango for iPhone, you are greeted with an interface that is probably at least somewhat familiar if you have used one of the many apps for keeping up on movie times and places. At the bottom of the screen are three buttons: Movies, Theaters and My Account. You start on the Movies page. On this page you see all of the movies that are currently playing in theaters. At the top of the screen is a toggle button to switch between that screen and the Coming Soon screen, where you can preview Movies that are on their way to theaters. Clicking on a movie title brings up information on that movie, showtimes, and gives you the option of playing a trailer for that movie.

The next option from the bottom menu is the Theaters button. From here you can see what movies are playing, and at what times for a specific theater. At the top of the screen you will see a toggle switch for All Theaters or Favorites. This allows you to show all of the theaters in your area, or to show a list of your favorite theaters. Adding your own custom favorites is extremely simple. All you have to do is choose a theater by clicking on it, and then click the heart shaped button in the upper right corner. This is an excellent feature that is not found in most programs like this one.

All of those things are cool, but if you're like me, they're just icing on the cake. I was looking at this app as a way to purchase movie tickets directly for my iPhone. I am happy to be able to tell you that the interface for purchasing tickets is incredibly easy and intuitive. There is even an option to save your credit card onto your iPhone so you can skip that step when you go to buy tickets. I would not recommend it though, because if someone were to steal your phone, they might just decide to take a trip to the movies on you! Thankfully there is no way to retrieve the information out of the app at least, so they wouldn't be able to use your credit card for anything else.

The last button doesn't have too much to it. The My Account settings just allows you to set up the current zip code that the app looks for movies in, your credit card information and your account if you have one. It also tracks your purchase history if you have any on another page accessed by touching the toggle switch that appears at the top of the screen.

In summary, this app really offers reduced functionality compared to the features of most apps in this genre, with the exception of ticket purchasing. Unfortunately, because there are relatively few theaters that actually support this feature (only 1 in the Oklahoma City Area) this feature is relatively useless. I love the interface, and it gives you basic, simple information you need to decide on a movie, but the deal-breaker (at least for me) is the fact that the only theater I can buy tickets for is over a 30 minute drive from my house. And so, as much as I want to recommend this app, I cannot until they get a larger movie theater support base.

- David H.
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