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Our friends at Elliott Wave International have released another exciting resource that we think is well worth your time. We’ll, it’s actually a group of resources – more specifically – 3 FREE videos and 1 FREE report that all speak directly to what to during a recession.

The 3 videos include Elliott Wave International CEO Robert Prechter’s latest appearances on Bloomberg television from March 2008, November 2007 and October 2007. The videos present Prechter’s interesting and unique forecast as well as his outlook for U.S. Stocks, Precious Metals, Currencies and other markets.

Plus, Prechter discusses how Fed Reserve rate cuts merely follow the U.S. Treasury Bill interest rate. And he goes on to ask and answer a fascinating contrarian question: “Why in the world are people rooting for lower interest rates?”

The report included in this group of resources focuses mainly on Prechter’s Gold and Silver forecast, the same forecast his subscribers pay up to $59 every month for. But, right now, it’s yours FREE.
In these resources, you’ll learn why Prechter says the U.S. has been in a bear market since – YES – the year 2000.

I know, I know, a bear market since 2000 is a shocking claim, but when you consider the massive amount of credit inflation, and when you measure how much gold or how many commodities you can buy with your Dow or S&P 500 shares, you’ll learn that, according to Prechter, stocks have been CRASHING since 2000.

In fact, here’s a little secret for you: When you measure the S&P 500 in a basket of commodities rather than the U.S. dollar, you will see it has declined as far as 75%.

But, what does this mean for the “Real Dow” and “Real S&P 500,” as Prechter calls them? Here’s a hint: The nominal Dow has a long history of catching up to the “Real Dow.”

Prechter’s outlook is more than unconventional. And it’s more than contrarian. It’s a crystal clear and downright frightening explanation of where the markets are today, according to a man that’s studied them for more than three decades.

You will not find this outlook from any other source but Robert Prechter.

I encourage you to hear his warning, then decide for yourself what you should do – if anything – to prepare for Prechter’s prediction that the nominal Dow, the one you read about in newspapers, will one day catch up to the “Real Dow,” the one measured in gold.

In these FREE reports, you will hear, watch and read Prechter’s chart-filled advice on how to survive a recession, how to make money in a recession and how to create a safe investment strategy in recession.

Whether you agree with Prechter’s bearish forecast or not, this FREE group of resources is prudent advice for anyone concerned about preserving wealth in a recession.

To learn more about getting your hands and eyes on Prechter’s 3 FREE videos and 1 FREE report, click here.

The spot market always has been the largest market because it is the «underlying» real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time. However, with the advent of electronic trading, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future.

The spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a spot deal. It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash.

The Millionaire Chronicles
by Azizi Ali
160 pages

Dude, today I want to share a book that I read recently. It is called ” The Millionaire Chronicles” written by Azizi Ali. And here below I want to share one of the most articles inside that I kinda like to read again and again. Happy Reading

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There is one peculiar ritual most people keep repeating though it never bring any positive result. It is a habit people repeat despite knowing fully well it never brings the desired outcome. Regardless of age, sex, race and religion – they keep on doing it. The habit? Soliciting free financial advice.

People all over the world keep soliciting free financial advice – a practice that is sure to never bring the desired result (to become rich). I’m almost 40 and to date, have never known anyone, or for that matter even heard of anyone, becoming rich and wealthy from free financial advice. There are six billion people on the planet today, and not a single soul has ever become rich from free financial advice. And if we count all those who came before us, there must have been tens of billions souls – and not a single one ever made money from free financial advice. That by itself ought to tell us something; it reveals very clearly what we should not be doing.

On the other hand, I have known many folks who became rich and more importantly, stayed rich because they paid money for financial advice. They paid money, and good money for that, to get quality advice from professionals, be it from accountants, tax advisers, bankers, brokers or lawyers. The rich know that quality costs money and they will pay for it.

And when you think about it; who is going to do anything for free? While one may not mind helping out occasionally, to do it every days is simply out of question. For example, a doctor may not mind giving you a no-fee opinion once. However, if you want to follow up, you’d better be ready to fork out some money. And that’s the way things should be. After all, the doctor has spent years studying his craft – it’s only fair and right that he charge you for his expertise.

The same applies with financial advice. The accountants, tax advisers and lawyers spent many years studying and honing their skills. In fact, they did not just spend time, but effort and yes, money as well. Again, it is only fair that they charge you for their advice.

And to add salt to the big gaping wound, I will say this – only poor people give free financial advice.

I look back on my own life and see how true that statement is. All those people who were oh, so eager to dish put financial advice were not wealthy. Sure, they were decent people, but the fact remains that they were not rich. While they may be smart and proficient in their fields, they were in reality infants in financial literacy.

So I have stopped asking for financial advice from general public. In fact, if anyone volunteers financial advice, my mind automatically goes on midnight Bohemian cruise. I may be there but my mind sure isn’t. Instead, when I need some advice, I call on qualified professionals and pay them for their expertise. Acid test: Ever since I started doing this, my net worth has leaped – like a kangaroo on steroids.

To those people who insist on getting free financial advice, I have no doubt that they will get it. There are millions of people who will eager to give their two cents worth of thoughts on money matters. Just remember that these people who offer mere opinions are infants in financial literacy. It is a good chance that those who follow their advice will pay a lot more – losing money on their investment moves! The free advice will cost any ignoramus ten times, if not more, the amount they would have paid to a qualified professional.

So stop pestering people for hot tips and stop soliciting for free financial advice. To continue doing so is a guaranteed total waste of time.

Pay for financial advice. This may mean buying (and reading) a lot of books on the subject, going back to school, attending seminars and hiring qualified professionals. Of course, having said this, choose your advisers carefully. Make sure that they are actually qualified, honest and all the other good things we look for when hiring any professional. One way of getting a good financial adviser is to hire the same person who is handling you rich friend’s account. It is a good bet that the adviser has something to do with the person getting and staying rich.

For those who argue that they cannot afford to pay for financial advice, it is a good bet that they will be saying that forever because they will never make the big money in the first place.

For those who insist on proof that good advice costs money – hey, I’m getting paid to write this!

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p/s: Did I get paid for sharing? at this time being. Not Yet!! But I got Readers!! Hi ALL!!

Source: EWI

The Independent Trader Crash Course Starts Today!

Now through April 18, EWI is offering the Independent Trader Crash Course, free, with a Club EWI signup. It’s a great opportunity to earn $3 per Club EWI signup and 56% commission on nearly all EWI products and services.

The course features 4 years of the best trading lessons from Elliott Wave International with 64 pages and 17 minutes of insightful online videos.

A new text or video lesson will be released daily through next Tuesday, with the entire course being made available through the following Friday, April 18.

This educational series has been modeled after the Independent Investor Crash Course, one of the most successful courses (and now eBook) we’ve ever offered. But now you have an independent and powerful educational resource for your trading audience.

Summary and Schedule of Free Lessons

Report #1: “What a Trader Really Needs to Be Successful.”
Available at 5 PM Eastern on Wednesday, April 9.

Report #2 (Includes a Video Lesson): The Versatility of The Wave Principle. Six Ways Wave Principle Helps Traders, Plus How It Fits Certain Trading Styles
Available at 5 PM Eastern on Thursday, April 10.

Report #3 (Includes a Video Lesson): Learn to Use Trendlines, Channeling Techniques and Support/Resistance Levels.
Available at 5 PM Eastern on Friday, April 11.

Report #4: Learn How to Integrate Historical Price Extremes, Failed New Highs and Lows and Other Technical Indicators into Your Elliott Wave Forecasts
Available at 5 PM Eastern on Monday, April 14.

Report #5 (Includes a Video Lesson): Learn How to Recognize Five Keys to Trade Setups, How To Use the Wave Principle To Set Protective Stops and Confirm Your Wave Counts.
Available at 5 PM Eastern on Tuesday, April 15.

So , Get your Copy Now