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I would like to share to all about this guys quote a nice interesting thought of forex trading methodology. Credit to TEB63 for his quote.

TEB63 Thought on Forex Factory

Source:

http://www.forexfactory.com/showthread.php?p=249451#post249451

This article is part of a syndicated series about deflation from market analyst Robert Prechter, the world’s foremost expert on and proponent of the deflationary scenario. For more on deflation and how you can survive it, download Prechter’s FREE 60-page Deflation Survival eBook, part of Prechter’s NEW Deflation Survival Guide.

The following article was adapted from Robert Prechter’s NEW Deflation Survival eBook, a free 60-page compilation of Prechter’s most important teachings and warnings about deflation.

By Robert Prechter, CMT

1) Should you invest in real estate?

Short Answer: NO

Long Answer: The worst thing about real estate is its lack of liquidity during a bear market. At least in the stock market, when your stock is down 60 percent and you realize you’ve made a horrendous mistake, you can call your broker and get out (unless you’re a mutual fund, insurance company or other institution with millions of shares, in which case, you’re stuck). With real estate, you can’t pick up the phone and sell. You need to find a buyer for your house in order to sell it. In a depression, buyers just go away. Mom and Pop move in with the kids, or the kids move in with Mom and Pop. People start living in their offices or moving their offices into their living quarters. Businesses close down. In time, there is a massive glut of real estate.

– Conquer the Crash, Chapter 16

2) Should you prepare for a change in politics?

Short Answer: YES

Long Answer: At some point during a financial crisis, money flows typically become a political issue. You should keep a sharp eye on political trends in your home country. In severe economic times, governments have been known to ban foreign investment, demand capital repatriation, outlaw money transfers abroad, close banks, freeze bank accounts, restrict or seize private pensions, raise taxes, fix prices and impose currency exchange values. They have been known to use force to change the course of who gets hurt and who is spared, which means that the prudent are punished and the thriftless are rewarded, reversing the result from what it would be according to who deserves to be spared or get hurt. In extreme cases, such as when authoritarians assume power, they simply appropriate or take de facto control of your property.
You cannot anticipate every possible law, regulation or political event that will be implemented to thwart your attempt at safety, liquidity and solvency. This is why you must plan ahead and pay attention. As you do, think about these issues so that when political forces troll for victims, you are legally outside the scope of the dragnet.

– Conquer the Crash, Chapter 27

3) Should you invest in commercial bonds?

Short Answer: NO

Long Answer: If there is one bit of conventional wisdom that we hear repeatedly with respect to investing for a deflationary depression, it is that long-term bonds are the best possible investment. This assertion is wrong. Any bond issued by a borrower who cannot pay goes to zero in a depression. In the Great Depression, bonds of many companies, municipalities and foreign governments were crushed. They became wallpaper as their issuers went bankrupt and defaulted. Bonds of suspect issuers also went way down, at least for a time. Understand that in a crash, no one knows its depth, and almost everyone becomes afraid. That makes investors sell bonds of any issuers that they fear could default. Even when people trust the bonds they own, they are sometimes forced to sell them to raise cash to live on. For this reason, even the safest bonds can go down, at least temporarily, as AAA bonds did in 1931 and 1932.

– Conquer the Crash, Chapter 15

4) Should you take precautions if you run a business?

Short Answer: YES

Long Answer: Avoid long-term employment contracts with employees. Try to locate in a state with “at-will” employment laws. Red tape and legal impediments to firing could bankrupt your company in a financial crunch, thus putting everyone in your company out of work.

If you run a business that normally carries a large business inventory (such as an auto or boat dealership), try to reduce it. If your business requires certain manufactured specialty items that may be hard to obtain in a depression, stock up.

If you are an employer, start making plans for what you will do if the company’s cash flow declines and you have to cut expenditures. Would it be best to fire certain people? Would it be better to adjust all salaries downward an equal percentage so that you can keep everyone employed?

Finally, plan how you will take advantage of the next major bottom in the economy. Positioning your company properly at that time could ensure success for decades to come.

– Conquer the Crash, Chapter 30

5) Should you invest in collectibles?

Short Answer: NO

Long Answer: Collecting for investment purposes is almost always foolish. Never buy anything marketed as a collectible. The chances of losing money when collectibility is priced into an item are huge. Usually, collecting trends are fads. They might be short-run or long-run fads, but they eventually dissolve.

– Conquer the Crash, Chapter 17

6) Should you do anything with respect to your employment?

Short Answer: YES

Long Answer: If you have no special reason to believe that the company you work for will prosper so much in a contracting economy that its stock will rise in a bear market, then cash out any stock or stock options that your company has issued to you (or that you bought on your own).

If your remuneration is tied to the same company’s fortunes in the form of stock or stock options, try to convert it to a liquid income stream. Make sure you get paid actual money for your labor.

If you have a choice of employment, try to think about which job will best weather the coming financial and economic storm. Then go get it.

– Conquer the Crash, Chapter 31

7) Should you speculate in stocks?

Short Answer: NO

Long Answer: Perhaps the number one precaution to take at the start of a deflationary crash is to make sure that your investment capital is not invested “long” in stocks, stock mutual funds, stock index futures, stock options or any other equity-based investment or speculation. That advice alone should be worth the time you [spend to read Conquer the Crash].

In 2000 and 2001, countless Internet stocks fell from $50 or $100 a share to near zero in a matter of months. In 2001, Enron went from $85 to pennies a share in less than a year. These are the early casualties of debt, leverage and incautious speculation.

– Conquer the Crash, Chapter 20

Should you call in loans and pay off your debt?

Short Answer: YES

Long Answer: Have you lent money to friends, relatives or co-workers? The odds of collecting any of these debts are usually slim to none, but if you can prod your personal debtors into paying you back before they get further strapped for cash, it will not only help you but it will also give you some additional wherewithal to help those very same people if they become destitute later.

If at all possible, remain or become debt-free. Being debt-free means that you are freer, period. You don’t have to sweat credit card payments. You don’t have to sweat home or auto repossession or loss of your business. You don’t have to work 6 percent more, or 10 percent more, or 18 percent more just to stay even.

– Conquer the Crash, Chapter 29

9) Should you invest in commodities, such as crude oil?

Short Answer: Mostly NO

Long Answer: Pay particular attention to what happened in 1929-1932, the three years of intense deflation in which the stock market crashed. As you can see, commodities crashed, too.

You can get rich being short commodity futures in a deflationary crash. This is a player’s game, though, and I am not about to urge a typical investor to follow that course. If you are a seasoned commodity trader, avoid the long side and use rallies to sell short. Make sure that your broker keeps your liquid funds in T-bills or an equally safe medium.

There can be exceptions to the broad trend. A commodity can rise against the trend on a war, a war scare, a shortage or a disruption of transport. Oil is an example of a commodity with that type of risk. This commodity should have nowhere to go but down during a depression.

– Conquer the Crash, Chapter 21

10) Should you invest in cash?

Short Answer: YES

Long Answer: For those among the public who have recently become concerned that being fully invested in one stock or stock fund is not risk-free, the analysts’ battle cry is “diversification.” They recommend having your assets spread out in numerous different stocks, numerous different stock funds and/or numerous different (foreign) stock markets. Advocates of junk bonds likewise counsel prospective investors that having lots of different issues will reduce risk.

This “strategy” is bogus. Why invest in anything unless you have a strong opinion about where it’s going and a game plan for when to get out? Diversification is gospel today because investment assets of so many kinds have gone up for so long, but the future is another matter. Owning an array of investments is financial suicide during deflation. They all go down, and the logistics of getting out of them can be a nightmare. There can be weird exceptions to this rule, such as gold in the early 1930s when the government fixed the price, or perhaps some commodity that is crucial in a war, but otherwise, all assets go down in price during deflation except one: cash.

– Conquer the Crash, Chapter 18

……….

For more on deflation, download Prechter’s FREE 60-page Deflation Survival eBook or browse various deflation topics like those below at www.elliottwave.com/deflation.

• What happens during deflation?
• Why is deflation bad?
• Effects of deflation
• Deflationary spiral
• And much more in Prechter’s FREE Deflation Survival Guide.

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!!

Hi readers,

There is something across my mind today while I was looking on my blog. Did I manage to give the audience what they want or people just came my blog like ‘hit and run’ ceremony that gain nothing. As far as I concerned, although my blog not as popular niche as others, I tried hard to share you something that will benefit you. All things that I jumped on my findings are always affiliate, forex, traffic, adsense and yes, apart from that I’ve found that affiliation and Adsense are the most cheapest way or can I say the most free way of gaining. But the problem is, Im neither the king of adsense and nor Affiliate Master.

The only thing I can do is to share with you something that I’ve jumped into. Seriously speaking, I’m not a millionaire nor thousand-”aire” yet. So hackers, please stop to hack my paypal account while you cant gain anything from it. Actually my objective is to get people and discuss over here all they money making possibility but yet there is no registration in the forum either. well.. enough the sigh I guess.

So today I want to share another money side income possibility that called “Subvert and Profit”

What is Subvert and Profit?

First, I like to address for first and last time that this is the black hat system for money making but its doesn’t means its illegal. Just a Black Hat system.

Subvert and Profit runs an ever-expanding black market for votes on social media sites. They are simultaneously the easiest way to make money online and the cheapest form of advertising in the web 2.0 sphere. They are the crowdhackers, and yet they are very good at what they were doing.

What they do offer?

In order to earn money, you “must” vote a list of link that they give and for the list you will be paid $1.00.

What to vote?

You need to vote from two well-known website that is Digg.com and StumbleUpon.com. That means, an advertiser pay Subvert and Profit to vote their article or content and you do the voting and get paid for it. You must have a digg.com and StumbleUpon.com account. In progress, Youtube will join the club for black hack voting.

Is it really works?

For now, the system is working but since I just recently joined this system so I never withdraw any plus my account just have $4.00 . Payment can be receive if I not mistaken via Paypal. Right now the payment system still downtime ..GiGiGi .

This is the earning that I’ve earned so far:

So I guess, that’s all I can say for right now. I will update you guys about the withdrawal later (If successful). You can wait till my withdrawal but you can also join in the link below because for me. This opportunity are in front of you eyes, so why wait. In fact, it doesn’t cost you a penny.

Join Now!!

till then..

see ya.

Hello readers,

So, as I promise to you guys a few days ago, now I will tell you about as famous as hell what is e-gold.

At first, maybe you will think why e-gold? This cybermoneyinfo guys keep persuading, informing and recommending me an e-gold account instead of  other e-currencies provider such as alertpay or e-bullion or paypal?

Simple, it is because as I said earlier in my post before that e-gold offer wider channel for money using in investment and money making program plus the transfer fee and the storage fee are just small like ant.

To those who haven’t have or didn’t have the account and wish to open the account can click the picture below to register and just fill in the form with all your correct information.

After you have registered, you are now been able to reload your account from the web exchange provider.
For ASia, Reload Here

Others country and international Choose and survey below :

So I hope this will guide you at least a little knowledge and help.

Today’s Word

” Rome was not build in a day”