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Today I want to share a question they asked me a lot and I found the peferct answer hope you enjoy it. We still have the promotion when you fund money in your Forex account, but hurry the promotion end Jan. 29, 2010. Details...
Question: I have no experience in the forex market, and I'd like to invest some of my money, but I do not have a clue how to go about it. Can you help me or tell me what to do before I make a move that may ruin my life?
Answer:
I don't know if I can deal with all the issues that might ruin your life -- but let's look at the financial issues.
If you haven't been involved in the forex market, ask yourself how much can you afford to lose, both financially and temperamentally. Yes, I did say lose. The brokerage community usually asks, ``How much do you want to make?'' A silly question, don't you think?
I know I have no limit to the amount I am willing to make. ``Two million, not a penny more,'' you may say. I don't think so.
After you have decided that you are willing to accept the risk of loss, and how much you are willing to risk (even prudent investment has risk), I would advise starting slowly.
Give your investment some time. Don't invest in equities with the intention to pull the money in weeks, months or even less than five years.
When you're more comfortable with the ups and downs of the market, then you can consider increasing your investments and broadening their diversification, again consistent with your risk tolerance.
The worst luck a beginner can have is making a lot of money right away. After that happens, many decide that investments are guarantees, and they invest all they have.
So my advice to you is to invest a little that you can afford to lose. Watch the ups and downs of the market and become comfortable with the volatility while at the same time increase your knowledge in available investment choices and risks.
Over time, you should have a diverse portfolio consistent with your goals, objectives, risk tolerance and tax situation.
by Gary Schatsky is Chairman of the National Association of Personal Financial Advisors (NAPFA). NAPFA
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Hi everyone today I was thinking about this year and I think is time to share how to became a successful person in every aspect. Hope the following quotes will bring joy and success to your life. Remember is time to start fresh and new. Happy Holidays everyone!!!
Never, never, never, never give up
Make a success of living by seeing a goal and aiming for it unswervingly. You never really lose until you stop trying
Champions believe in themselves even if no one else does In order to succeed, we must first believe that we can They can because they think they can
To move the world, we must first move ourselves
Whether you think you can or you can’t, you’re right
It’s not the mountain we conquer, but ourselves
You become a champion by fighting one more round. When things are tough, you fight one more round. When you get into a tight place and it seems like you can’t go on, hold on, for that’s just the place and time that the tide will turn
Most people give up just when they’re about to achieve success. They quit on the one yard line. They give up at the last minute of the game one foot from a winning touchdown
A mistake is only a mistake if you don’t learn from it
Life’s challenges are not supposed to paralyze you, they are supposed to help you discover who you are. If I had to live my life over again, I’d dare to make more mistakes next time
You gain strength, courage, and confidence by every experience in which you stop to look fear in the face. Challenges can be stepping stones or stumbling blocks. It’s just a matter of how you look at them. The purpose of life is to live it, to reach out eagerly and without fear for newer and richer experience
Always imitate the behavior of winners when you lose
Do not follow where the path may lead. Go instead where there is no path and leave a trail
Winners make goals, losers make excuses
And remember the most important thing is to make the first step, keep going. Please visit our web page to open your Forex account NOW!