• August 23, 2017 /  Banking & Money
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    Suppose your personal important document is stored in an online database and has been connected to the web page with programming thus enabling you to see your personal important document. Think if the database software holding your important document to be full of securities. Only secure web database can save your document and it can be accessible to any part of the Globe. Besides your personal important document another significant application of online database is banking system that became integral part of every individual in modern banking system, whatever may be internet banking, mobile banking or another term used is core banking. Recent advancement of banking system like ATM, core banking using Information Technology people is very safe while they are traveling far way from home. It is still unsafe traveling with good amount of money, some time pulls your life in danger.

    The main advantage of using an ATM is the fact that you can have access banking database up to certain level and as your requirement of cash in your bank account from any part of world, whenever you need it.

    For instance, you are at a store that does not take checks or credit cards but it has an ATM, you can withdraw the money for your purchase. This also means you can travel anywhere without cash. If the location has an ATM and you have your ATM card, you can access your money instantly. Now days ATMs are not just technology you can use to access cash using online database software. Some ATMs you can transfer funds between accounts, buy stocks, check account balances and even buy stamps. All of these features can be accessed with one debit card or credit card and a PIN number. If you take measures to protect your PIN and account information, having access to an ATM is very convenient and makes life’s little emergencies far less challenging.

    Cautions While Using ATM: You do need some carefulness when using an ATM. Identity thief in recent times using useless ATM receipts to get the bank account numbers of innocent customers. Consumers who have an ATM card are assigned a PIN to use when accessing their funds. Shoplifter sometimes stands close behind an ATM user to get this PIN, and then pinch his purse with the ATM card in it to cheat money from the account.

  • August 22, 2017 /  Banking & Money
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    Is it easy to learn how to manifest a job and money? The most successful people in the world have proven that it can be done, and it’s not that hard.

    If you are new to manifestation and the law of attraction, then you must be wondering how is it possible to manifest anything into your life.

    It all starts with belief that you can. You see everything is made out of energy. You, me, money, jobs, they are all a form of energy that will always be there in one form or another.

    Manifestation is using thought, and a few simple exercises to bring about that energy in a form that you desire.

    Follow these 3 easy steps to create abundance in your life.

    Step 1
    Focus on what it is you want. I know it sounds simple, but it may be more painful for some than others. If you say to yourself the words money and job, and you get shivers from it, then you have negative feelings about those things.

    If you are thinking about those things in a negative light, then you wont attract any of them or you will only attract the bad parts. The key is to focus on the happiness they will bring. What will money and a new job bring you. How great will it feel to have more money and a great job in your life.

    Step 2
    You must alight yourself with what you desire. In this article, money and a job is the focus, so you must imagine already having these things. Imagine them being exactly they way you would want them.

    Ask yourself what kind of job you want, how much money do you want. Make the answers exact. Take time each day to think about money and a great new job in a happy setting. Make it real for yourself.

    Step 3
    Receive what attraction brings you. If you are following the above two steps, then you are manifesting the things you desire. When that manifestation happens, you must receive it.

    How will you know if what is appearing in front of you is what you should be receiving? Simple, it will make you feel good and you will feel aligned with it. It will feel like it is moving you closer and closer to what you have put out into the universe.

    A Final Thought
    To sum up, you need to ask for what it is you desire, align with thoughts of you having already achieved it, and be willing to receive them.

    Using these 3 steps you will manifest money and a job with ease, as well as anything else you desire.

  • August 22, 2017 /  Entrepreneurs
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    Everyone dreams. But only the truly exceptional possess the dedication and creativity to turns those dreams into a reality. Such truly exceptional people are known as entrepreneurs. These people introduce a radical new idea into the pool of over-used and copy pasted notions. Entrepreneurs are the architects of the constantly changing and improving society.

    What makes an entrepreneur?

    This is a question everyone has thought of when watching the success of well known entrepreneurs like DhirubaiAmbani, Bill gates, Narayan murthy etc. Passion, creativity, imagination, innovation and an unrelenting drive to succeed are the qualities that set an entrepreneur aside from the rest of the crowd. Out of the box thinking and a sense of showmanship goes a long way in todays competitive market.

    Budding entrepreneurs must possess the tenacity to succeed no matter what the harsh world might throw at them. A strong sense of self respect, confidence and good principles cultivated from an early age is a very important factor that influences the thought process of any entrepreneur. The tendency to conform to societys norms is automatic. Any person wishing to climb the ladder of success as an entrepreneur has to break free of this tendency and have the ability to look at things from different perspective. One of the most important aspects of an entrepreneurs success is the idea. This little four letter word is the cornerstone and the motivation for any venture. In order for any venture to reach its full potential, you must believe in the idea 100%. Any job half done is a waste of both time and effort. Plan well and assemble a trusted team to help you. More minds thinking on the same idea helps hone it to a perfect shape.

    Risk Taking is Important Too

    But one cannot ignore the very high risk factor. The chances of failure are ever present. Think with a practical mind. Take into consideration all the factors of your life that may be affected by what you choose to pursue and whether you can afford the risk. Your wallet is most likely the spot most affected. Be sure to think before you invest.

    Any entrepreneur who is revered in his field can tell you: There is no formula for success. Success is three parts hard work and one part chance. A life as an entrepreneur is alluring and exciting. A true entrepreneur has the all-consuming desire to see their dreams turn to reality and is bold enough to push the limits of human potential could bring about unprecedented changes in the society. That person could be you!

  • August 21, 2017 /  Finance & Invesment
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    It is very difficult these day to decide on where to invest your money. More than the past five to six years bonds and stocks happen to be very volatile and furthermore as shoppers and nations are restricting their spending so commodities are obtaining a significant hit each day. Actual estate investment is regarded as the most prevalent investment approach these days. Real estate or property investment for any deal either shopping for or selling do have a right property investment advice from a professional to maximize your profits and minimize your losses. Real estate or property investment has extended been considered as one with the most secure type of investment that appeals on to many. Even with no thinking of their alternatives in mind that is the most likely long-term profits to be produced on their investment, many people blindly launch into the purchase of an investment property.

    It’s incredibly important to recognize the fact which means of property investment and most important is the security of property investment in the long term while purchasing any of the investment properties or producing monetary security in any situations. The main aim on the property investor is always to capture earnings from rentals, and/or capital growth either via natural attrition or by adding capital value by means of development. Whatever the form or sector, property investments are solid, tangible and real in that a property is unlikely to depreciate in the long term offered due care, and consideration is provided to do diligence inside the acquisition stage.

    Property as an asset class is normally made use of by Monetary Advisors as a risk-management and diversification tool, due mainly for the asset class sharing a low-correlation with equity markets despite the fact that some correlations do exist. It really is difficult to define the portfolio preparing characteristics of real estate in general terms because of the wide range of subsectors which all derive growth and revenue from various market-sectors and investment returns are driven by distinctive factors to the next subsector. Broadly speaking, all property subsectors do share quite a few characteristics that make the asset class appealing to Investors seeking capital security, revenue and growth.

    Property investments, specially direct property investments, provide the Investor with an amount of security that paper-based investments don’t due just to the truth that excellent property assets retain capital value all through the long-term, which inside the situation of well-chosen properties in great places, is unlikely to fall and result in the Investor a capital loss. The Investor must be prepared and capable of tolerating the illiquidity connected with physical property assets, this asset class delivers correct diversification out of conventional economic assets such as stocks bonds and money.

  • August 21, 2017 /  Business Center
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    Small Business Cash Advance is almost similar to a small amount of business loan your business house applies and receives the funding and can utilize the funds for various uses in the business and your business house needs to repay the advance. However, there are substantial differences.

    The Small Business Cash Advance is by nature, unsecured. The approval for business cash advance is not subject to the investigation or scrutiny that is undertaken in the case of a small business loan. You do not need to prove your credentials or demonstrate your plan.

    Additionally, Small Business Cash Advance does not require any kind of share in equity ownership in the business house and the business house is free to utilize the funds in any manner whatsoever, as is required. The lenders of Small Business Cash Advance determine the amount of Small Business Cash Advance based on the amount of cash flow from the monthly credit card charges.

    The approval rates of Small Business Cash Advance almost ten times higher than that of a regular bank loan. This is mainly because of the multiple barriers and the long winding application cycles and processes banks thrust upon the loan applicant.

    If you want to procure a Small Business Cash Advance from any of the institutional lenders, your business house will have to accept the credit cards as a standard mode of payment.

    The applicant of the Small Business Cash Advance will have to process a minimum amount as credit card sales every month, and additionally, the business must have been operational for a period of at least a year. There are usually no fixed payments decided; you do not need to bear any upfront costs and no need to bear any closing cost.

    The biggest advantage is that the funding is made steady and is always consistently available to the applicant business house so that at no point in time, lack of cash becomes a hindrance in the development of the business and puts the business house in difficulties.

    Small Business cash advances can be repaid by credit card sales and the repayments are usually processed through the merchant account of the business house. All other kinds of payments received in the form of check, cash or any other means are not accepted for repayment. There are usually no fixed payments decided; you do not need to bear any upfront costs and no need to bear any closing cost.

    The biggest advantage with the small business cash advances is that they are hassle free and the business houses can procure such loans or advances very easily and with minimal documentation. The only downside is that these advances are unsecured and unsecured business cash advance can tend to become a liability.

  • August 21, 2017 /  Entrepreneurs
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    Managing once business is not easy, you have to be creative and flexible to become success. Its about create ones life as it is about making a living. It takes time, courage and determination to become a successful entrepreneur. There are a lot of ways to become one of the successful entrepreneur, these ways are proven to some people who achieve their goal. Check if you possess one of them:

    Discipline yourself. Adam smith once said, Do what you should do, when you should do it, whether you like it or not. Self discipline is the most important traits to success. You have to be strong in every step that you and this will lead you into some kind of satisfaction.

    Have Faith. If you do it very easy, then youre not doing it right. If you do it hard, then you are doing right. Some entrepreneurs suffered failure and defeats, even bankruptcy, yet eagerly stand up to make it big in their fields. If you have faith, nothing can stop you. You must learn to pick yourself up to start all over again. You have to learn some experience that can teach you a lesson which wakes you up from a suffering.

    Work Hard. As many success people do, they actually work harder and harder. No one achieves goal just by simply waiting for a chance and sitting in the chair thinking every single day. Working hard will be easy if you have a mission and vision in your life. Erase all temptations that could distract you determination to become success.

    Focus on your strength. Each of us has strengths and weaknesses. To be more effective, you have to know your strength and concentrate on it. You will become more successful if you are able to connect your efforts to areas that you do best.

    Eagerness to learn. You dont have to be a degree holder or a PhD graduate to succeed in your own business. In fact, there are a lot of entrepreneurs are degree holders. Some didnt finish college. These people reached their full potential achieved their financial and personal goals in business because they are willing to learn. To be successful, you must be willing to ask questions, this will help you to gain more knowledge to some experts. You must be interested to every detail, because that would serve as the new knowledge to reach and fulfill your goal. Willingness to learn is one of the most important in doing business.

  • August 20, 2017 /  Banking & Money
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    One of my favorite things to buy and sell is vintage tobacco pipes. I’ve found it to be very easy to visit different flea markets, yard sales, auctions, and thrift stores and find great deals on vintage pipes.

    Your key to success is education. You have to know what you are looking for. Like any type of collectible item, the most important thing to look for is (1) maker’s name, (2) rarity, (3) age, and (4) condition. We will cover each of these in more detail below:

    1) Maker’s Name: Some of the more popular tobacco pipe manufacturers include Dunhill, Anne Julie, Teddy Knudsen, Tiffany and more. You also want to keep any eye open for meerschaum pipes. Typically, pipes made by an individual are more desirable than pipes that are mass produced.

    2) Rarity: Obviously, the rare pipes are worth more than the common pipes.

    3) Age: Typically, older pipes are worth more than newer pipes. There are a few exceptions to this rule, but this is the norm.

    4) Condition: Condition is everything. People want the oldest, best and rarest, and they want it in mint condition.

    If you are just getting started buying and selling pipes, the best thing you can do is visit your local libarary or bookstore, and get a few reference books. This will help you familiarize with the different types and makes of pipes. Another good option is to visit eBay and search the completed listings to find out which pipes bring the most money.

    You will be pleasantly surprised to find that some pipes sell for several thousand dollars or more. And many other vintage pipes sell for several hundred dollars.

    Once you’ve reviewed your reference books and eBay, you should start visiting local auctions, yard sales and flea markets and search for pipes. If you see a pipe that catches your eye, check it out.

    My general rule of thumb is I never spend more than $5-$10 for a pipe that I don’t know it’s value. When I evaluate a pipe, I use the four criteria mentioned above. Typically, I trust my intuition. If I think a pipe has good potential, I buy it.

    In conclusion, buying and selling pipes is a great way to make some extra money. You can get started by studying the different types of pipes and pipe makers. Once you learn the ropes, you can visit flea markets, yard sales and auctions and search for treasure. You will be surprised at what you can find.

    To learn more about buying and selling vintage estate pipes visit our Treasure Hunter Community website.

  • August 14, 2017 /  Finance & Invesment
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    In India, although a number of investment instruments are available which provide safe investment opportunities, Mutual fund is considered as one of the best instruments which help in capital appreciation and saving investors from gyrations of the market. For over the past few decades, stock market has shown tremendous growth and for accumulating substantial wealth, it is the need of the hour to include stock in the investment portfolio. By investing in mutual funds, one can actively accumulate huge capital within stipulated time period. Being regulated by SEBI, mutual fund is a company which pools money of numerous investors in various stocks, short and long term money market instruments, bonds and other securities.

    An Overview about Mutual Funds

    An investor can choose from plethora of mutual fund’s schemes depending upon his needs and requirements as different funds offer different benefits and even costs and expenses structure also varies from fund to fund. With the passage of time, the popularity of mutual funds has increased significantly. It is a fact that even small investors are able to invest in these financial instruments at a reasonable cost and for a longer period of time. Equity funds, fixed income funds, balanced funds are three types of categories in which mutual funds are divided.

    On the behalf of the shareholders, mutual fund is professionally and efficiently managed by portfolio managers, who with their expertise knowledge diversify the money over various securities. For reaping the desired monetary benefits of the investments, it is necessary to avail the erudite services of portfolio managers. They keep a track of your investment requirements and give them desired shape by recommending investment alternative which is best suited for an individual.

    Avail Advisory Services Online

    By searching on the internet, one can find numerous websites that provides personal financial advisory services to an investor. By availing these services, even a novice investor can make wise decisions, depending upon individual investment’s requirements as these websites offer feasible suggestions backed by strong financial analysis. Business giant like network18 is an apt source through which an individual can acquire the investment advisory services or suggestions and fulfill his investment objectives. It is not wrong to say that there is no better alternative for minimizing risk and maximizing returns, then to invest in mutual funds. Therefore, multiply your money manifold by investing money in these instruments.

  • August 14, 2017 /  Banking & Money
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    What if there was a way to manifest money instantaneously. Just imagine what it would be like to know these ancient secrets to manifest money.

    Here are just some of the ways to attract wealth faster than you ever thought possible:

    Ancient Secret #1 – Focus On A Specific Desire

    We desire many things in our lives including, love, health, and wealth. In this article, we are focusing on money. The first secret to manifesting money is focus on a specific amount. It’s easy to get caught up in fantasizing about money and riches beyond our wildest dreams, but we are not specific enough when you are doing it, so they are just dreams.

    When you focus on a specific amount, the dream becomes a reality.

    Focus on a specific amount of money, put a date on when you expect to manifest it, and make sure that it is believable. This is key, if you don’t believe in what you are trying to manifest, then you wont be able to manifest it. It has to be believable.

    Ancient Secret #2 – Act As If It Has Already Happened

    You must act as if you have already manifested what you desire. Every day take time to imagine that you have already manifested the money. Imagine doing everything you would want to do with it. Spend it, give it away. Do whatever you want, but make sure you are enjoying yourself.

    The more you do this, the faster you are actually creating it.

    Decide today, that each morning you will take a few minutes and really experience having money. Enjoy yourself and really feel the feelings, hear the sounds, and experience the emotions of having all that money.

    Ancient Secret #3 – Receive It

    If you are following the first two secrets, then the universe is going to present you with a path. Along that path, it will manifest things to help you achieve great wealth. perhaps with a business proposition, maybe you will win the lottery., maybe you will inherit a fortune.

    I can’t tell you what exactly is going to happen, but when these moments arrive, it will feel natural and good to take them. They will bring you closer to the manifestation of money. Be willing to receive what ever the universe provides, and keep your mind open. If you are truly following these secrets, the paths will open up quickly.

    A Final Word

    These are just some of the most powerful ancient secrets to manifest money. Follow them for anything you desire, and you will manifest them faster than you ever thought possible.

  • August 13, 2017 /  Banking & Money
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    There is always a demand for the banking job or investment-banking job. The reason is that investment banking is the most money making job. However, it takes time plus dedication to succeed. You must start with the entry-level job in banks.

    Outline of the banking job positions:

    Investment banking job is not the only banking position and there are various types in banking jobs. A bank teller occupies 67% of the banking positions. Understanding the job responsibility is the first step to succeed. Other job positions in the banks are:

    Bank manager: The manager is the main person who operates the entire working of the bank. You as a manager must supervise the banks daily operations and must find out whether the employees are working as scheduled.

    Financial advisors: As a financial advisor, you must recommend and give suggestions to the clients. This job is so important bearing great responsibility.

    Accountants: If you have a good skill in accounts and if you are well qualified, you can go for this position. This job position is very important because the work performed by an accountant or by a group of accountants will be showed to the tax authorities, investors etc to fix the financial status of the bank.

    Tips for success in banking job:

    Banking career is one of the most anticipating fields. To succeed in this sector you must remember few factors as indicated below:

    Keep exploring:
    You must always be aware of the latest happenings in the business world. If you are aware of it then you will be able to increase revenue for your clients and bank. You are responsible to make sure that your customers are making a smart investment.

    Fixing the fees:
    As you are an investment banker, you must do some enquiry before deciding your fee. You must be sure that you get a good amount when compared with what you have invested in first place.

    Networking in banks:
    Like other fields, banking career also has become linked with networking. To recognize the related professionals, to attend the meetings or gatherings, anything is possible through networking.

    Dedication towards your profession:
    Without dedication, you cannot succeed in any fields. This is true particularly in banking jobs. You must devote all your time towards the bank service and to your clients. If you are working for investment banking, you possess additional responsibility because people enquire you about the means to spend their money.

  • August 12, 2017 /  Finance & Invesment
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    Investment banking is a widely accepted phenomenon presently, the major reason being expert advice provided at every step you need to take. Financial giants take the responsibility of making sure your money grows avoiding the risk of down fall. Today every person at some point or the other thinks about investing some amount of money in the stock market. A major worry of all these people is the uncertainty; investment banking beats these blues and offers best possible investment advice to its customers.

    A major chunk of people involved in investment banking do not have the time to keep an eye on the ever changing markets and track their returns. In such cases arises the need for investment banking services. These companies do all the hard work of market research and analysis and advice investors on where to put their money for maximum returns. This also depends upon the amount of money the person is willing to investment.

    There are many sectors in which investment banking is being carried out, few of them include retail healthcare, insurance and automobiles. Another emerging trend in this banking is that of equity investments. Equity investment banking is based on the dividends of the existing shares an individual holds. There are expert advisors who guide the movement of funds here as well so that there are no last moment disappointing surprises.

    When it comes to investing money not all have the perfect knack hence it is always good to seek help of an expert investment banking company or equity investment banking services. Money after all is a crucial issue and you would always want to see it grow systematically. Another advantage of investment experts is they help you understand the market well. You get to know where your money is going and the reason behind it too. These services do come with at some extra cost but are sure to give you peaceful night sleeps and not make check the stock market prices every now and then. Let the experts do their job so that you can relax and reap the benefits.

    Choosing the right financial advisor is also important in such cases. Also reading the fine print before finalizing anything is advised as there are many terms and conditions that come along with investment banking. You can take reviews of family members, friends, colleagues etc in deciding which and choose. There are numerous financial institutions and each one of them is offering investment banking services due to its rising demand.

  • August 12, 2017 /  Banking & Money
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    Bank owned homes are popular options for people who want to own properties due to their sheer number. When home owners fail to meet their mortgage obligations, the lender will begin foreclosure proceedings that will end with the ownership being transferred to the lender. And since owning homes is not really among the business operations of banks, these homes will be sold on the market at a price that completes the loan that was not paid.

    Banks will try to get the best price they could for the homes they sell but they are very open to negotiations because it is more important to sell of these bank owned homes in the soonest time possible. Considered as non-performing assets, banks need to convert them into capital quickly. If buyers are cautious to avoid heavily dilapidated homes, they may be able to acquire a good home at a significantly reduced price, even at half the property’s market value.

    The first method a bank would use to sell a property is through an auction at the county courthouse. If the homes do not sell through this manner they will hire a certified real property broker to sell the homes for them. The property will also be included in a multiple listing service, where more people can see the property. While most homes can only be purchased through a bank appointed broker, some banks do accept offers directly from individuals in some cases.

    Making an Offer to Buy

    An offer to be made to the bank should have the amount that the buyer is willing to pay, a request to inspect the home, the method the buyer will use for paying and for how long the offer is valid. After the bank receives the offer they will most likely make a counter-offer. This is usually done to satisfy the bank stakeholders that the bank tried to get a higher price for the home. At this point the buyer can make one last offer that the bank can either accept or deny.

    One thing to look out for when purchasing bank owned homes is the fact that all these homes are sold as is and the bank will not pay for repairs. So when doing your inspection you should carefully assess cosmetic or structural damages and factor the cost of repairs to your offer. Otherwise buying a real estate owned property is neither complicated nor hard and buyers should not be wary of them.

  • August 9, 2017 /  Finance & Invesment
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    Do Your Research
    You can find a great deal of information in the stock tables of your local newspaper, or your favorite financial industry publication. Those stock tables contain a wealth of information you can use to gauge the volatility of a stock market investment. Turn to the stock table in your favorite financial publication. Locate the 52-week high and low for each stock you plan to invest in.

    Compare the 52-week high for the stock to the 52-week low. The difference between the 52-week high and the low is a good indicator of how volatile the stock has been over the last year, and how volatile it is likely to be in the future.

    Contact the Company
    Contact the investor relations department at each company and request a copy of the annual report. Some companies publish these reports online, so you might be able to find past annual reports on the company’s website. If not, check the website and find the contact information for the investor relations department.

    Review the price history of the stock as shown in the annual report. A wide spread between the annual highs and lows for the stock is an indication of a highly volatile stock. A company whose share price has been more consistent has shown far less volatility.

    Practice on Paper
    Create a paper portfolio and track your stocks over a period of several months. List each stock on a separate line and list the daily or weekly price in each column. Tracking the stock price over time will give you a good indication of how volatile the stock is.

    While nothing can totally eliminate the inherent volatility of investing in the stock market, there are a number of strategies you can use to reduce the risks of the stock market and increase your odds of finding a winning investment.

  • August 8, 2017 /  Entrepreneurs
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    Entrepreneurs are born, not made, but thirst for freedom is the spark that ignites.”
    — Wilson Harrell

    What does it take to become a successful entrepreneur in today’s business world? Well, there are many giants of business you could ask, but you would be hard pressed to find anyone better than Wilson Harrell. Read about a country boy who became a marketing guru and entrepreneur. He is quite simply a business legend.

    Born in Georgia, 1919, Wilson Harrell, world renowned entrepreneur and marketing guru was a man of strong conviction. In his great business journey, he lived a glamorous life all through. Not all know that Wilson was a fighter pilot in World War II and received Purple heart, Air medal with 4 oak leaves and also the President Citation.

    It all began with Wilson Harrell & Company started by Wilson himself after the war. The company distributed Kraft products to huge military PX market and in very less time the company sales reached $200 million. But Wilson had other ideas, he sold the distribution company. Then he bought Formula 409, a household cleaner product company for $30,000 and turned it around. He later sold the company for $7 million and bought 60 food brokerage companies whose total sale exceeded $500 million.

    All in all, Wilson started over 100 companies and turned around a few. He was voted America’s no.1 columnist for the year 1995 and 1996 by the American society of Business for his monthly contribution to the Success Magazine. Wilson was also the past publisher of INC. magazine.

    Along with being the Founder/Chairman of council of growing companies, nationwide organization, Wilson was also the leader and voice of entrepreneur’s movement in America. His book “For Entrepreneurs Only” was a bestseller and still one of the most admired in this genre.

    In his book, he discussed the hunters and farmers of cave man age. He reasoned from science and a variety of studies that genes are passed down and often entrepreneurs are the children of entrepreneurs. At some point thousands of years ago, entrepreneurs were the hunters of our world while the farmers tend to be employees.

    He enjoyed great success in life and died in 1997 at the age of 78 from lung cancer.

    “I’ve loved, I’ve laughed and cried
    I’ve had my fill, my share of losing
    And now the tears subside
    I find it all so amusing
    To think-I did it all that
    And may I say
    Not in a shy way
    Oh no, oh no not me, I did it my way”

    – Source-“For Entrepreneurs Only” from Wilson Harrell.

  • August 8, 2017 /  Trade & Franchise
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    Trading breakouts is one of the most tried and tested methods of trading the forex markets because when the price breaks out of an established trading range, it often continues to move strongly in that direction. Therefore there are some excellent profits to be made.

    There are lots of different ways you can trade breakouts. You can wait for a quiet period of the day for instance when the price is barely moving and is confined to a very narrow range, and wait for a breakout to take place, or you can use bollinger bands and wait for them to narrow because this often precedes a strong breakout. However in this article I want to talk about a particular strategy that involves opening ranges.

    I’ve been experimenting with this strategy on the GBP/USD and EUR/USD pairs recently and it seems to work very well. What you basically do is to look at the opening hours between 00.00 and 06.00 GMT (or 08.00 if the price is still within this range up until this time) and draw two horizontal lines marking the high and low points for this period.

    Then you simply wait for the price to break out and close above (or below) one of these lines and take a corresponding long or short position. This method works well when there is a narrow opening range and the reason it works is simple. Every pair has an average daily range (the GBP/USD is roughly 220 points and the EUR/USD is roughly 180 points according to 2008 figures) so if the opening range is a small fraction of this number, then you know that there are a lot of points to be made either above or below the current opening range.

    It’s not a method that can be used every day on a certain currency pair because sometimes the price will move quite substantially in the opening few hours, but it’s well worth putting into practice when the opening range is very narrow.

    There are various ways you can actually trade this system. You can either jump in as soon as the breakout bar or candle closes, or if you want to place the odds substantially in your favour, you can wait for an initial breakout followed by a pull-back into this trading range, then trade the subsequent breakout (if there is one) because this continuation pattern is a very profitable signal.

    Either way you should find that these strategies (or variants of these strategies) are generally very effective because the price will very often move strongly out of this opening range at some point during the day.