Make up your mind before you put in a trade, because it's often not easy or even possible to cancel. There are orders for canceling, but they are no good if your order has already been filled. Sometimes it's been filled even though you haven't yet received the report.If you change your mind about order and wish to cancel it, you can do so using what's called a straight cancel or straight can.Brokers refer to canning an order. However, it's...more
The metallic commodities are attractive because of the romance attached to them, especially gold and silver, and platinum somewhat.Palladium, although not so well known, is also a precious metal. Copper is not a precious metal, but usually grouped with them.They now trade on COMEX, a division of NYMEX, now a part of The CME Group. One gold contract is 100 troy ounces. It's quoted in dollars and cents, and one tick is worth $10.A silver contract...more
Everybody planning to trade commodity futures should have a trading plan.It's estimated that 80 to 90% of traders fail within their first six months. One reason for this is undercapitilization. It is hard to compete when your available funds are wiped out by one losing trade.Another is the influence of the emotions of fear and greed. One way is to practice emotional self-control, in both times of winning and losing.Also, you must practice good capital preservation and risk management techniques. Do not overtrade your account. Even veteran traders sometimes let prior successes make them overconfident, so they put too much money on one trade. When it goes against them, they're out of the game.In fact, it's quite possible that emotional control and risk management is the real key to winning as a trading.Assume that you cannot consistently predict whether a given commodity is going to rise or fall in price. Therefore, your odds of getting a trade right, just by chance, are one in two. That is, you have a 50% chance of buying before it goes up (or selling before it goes down) and buying before it goes down (or selling before it goes up).If you have the self-control to stop a wrong trade...more
By Loknath Swain Now everyone is going green. In a town in a developed or developing nation, you will find everyone is talking "green". Super markets, banks, auto manufacturers - even interior designers - have gone green.USA is promoting green. This country is becoming eco-friendly in their homes and offices. India has also started...more
Recently, videogamer has an interview with World of Warcraft game director and MMO legend Tom Chilton. This is an interesting that the topics begin from 3.2 patch and argent arena to the future of WoW. I buy wow gold think all these information is useful for World of Warcraft players, not only for WoW Gold getting, WoW Power Leveling, but also...more
Once in a while comes about an institution that believes in trudging along the path to the unknown and in its endeavor to do so breaks away from the tried and tested creating new boundaries of excellence. Sikkim Manipal University Distance Education is one such institute. Conceived as the first PPP model coming out of Northeast India and born out of a unique partnership between Manipal Education and Govt. of Sikkim in 1995, SMU-DE has since revolutionised not just the domain of distance learning but has also brought about a new era of practical industry oriented teaching.In a country where since decades theory based education has been given sole importance as the world moved ahead of us, the approach by SMU-DE turned out to be a much needed shot of life improving vaccine. So heavily has our education system relied on theory that once the much famed IITs, recognized among the top 10 educational institutes in the world now fail to locate themselves even among the top 50. But the road for SMU-DE has not been smooth. After all, decades of habit had seeped deep into the veins of the education sector. But perseverance, patience and excellence over the last 15 years is now beginning to...more
There are some bright spots that should encourage you to look to the future even though the US economy is going through some tough time right now. To get mothers to go back to college, the government is offering Obama scholarships for moms. ...more
There is no wrong time to prepare for your future. In fact now may be the perfect time to work on your education and other career goals. Working mothers and even those who stay at home can really benefit. Some careers are rising fast,...more
Even the most knowledgeable economists can get confused when they check out the history of public trading. This is because when the public initially discovered it had access to the stock market without the need for a broker, chaos ensued. Few...more
After the recession and the financial losses that many suffered, very few are too proud to admit that they made mistakes. One of the biggest mistakes that many made could be found with their financial investments into stocks, the Forex Trading...more
Everybody knows that future can't be predicted. This is one thing that we should learn from ourselves that future speaks when we get there. There are so many predictions we have encountered since the last decade. The most feared...more
A buddy of mine has always loved the phrase "if I were a betting man…" anduses it whenever he wants to speculate on the outcome of anything going on in the world,whether it's "if I were a betting man, I'd put money on Brad and...more