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Sunday, July 5, 2009

Is Forex Auto Money For Real?

By Tim Walman

If you didnt know, forex auto money is one the foremost signal providers in the forex market. This essentially means that they recommend trades to either buy or sell to their members, based on their very own research.

They dont trade for you though. Its not a Forex EA. You have yo use your own judgment and decide whether that particular recommendation is right for you or not.

This is really perfect for those traders who dont have time to look over the forex market for themselves because they are busy at work. All you have to do is make a choice on whether to trade or not.

But how good are the signals from Forex Auto Money? After all signal provider is only as good as the recommendations that they are making. So the question remains, are they just another scam or can you trust them?

I personally believe that the answer is somewhere in the middle. Obviously predicting the future price movement of the forex market is not an exact science. The only thing that a true signal provider can do for you is increase your chances of success. Nobody is 100%.

So, the only thing I ask from you is that you be realistic when it comes to something like this. If you can do that, then there is absolutely no reason why you cant have a bright future using Forex Auto Money. Of course, you might get the occasional loss in the short term, but what really matters is what happens in the long term.

A lot of this really has to do with the behavior of the market. This is true of any signal provider, including Forex Auto Money but when the markets are at their most volatile is when it is tougher to predict where the market is headed. However in steadier times, I think youll find it much easier to predict future price movement.

Frankly you have to understand what kind of market you are trading in before you can determine if the signals you are getting will be accurate or not. - 23211

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Health Insurance - 5 Tips Your Can't Afford Not To Read

By Henry Fleet

We all need to benefit from a good health insurance for assisting us in difficult times of our life or maybe just for regular medical check-ups. Before purchasing a health insurance from one of the available companies on the market, try to research the market and find the most suitable plan for you. Here are some tips that will definitely help you on this way.

1. Prepare all your information, because all the insurance companies will request it. Be ready to tell them the name of the insured person, the birth dates of all family members, social security numbers for everyone in some situations and the current medical condition. They will always ask if you are a smoker, because your charges will increase in this case.

2. You can use some particular websites like Health Insurance Direct, InsureME and eHealthInsurance that will compare insurance plans and cost for you. You will be thus able to find a cheap plan just by some clicks. An application form needs sometimes to be filled in on different companies' websites and a person representing the websites will contact you to establish meetings or just answer all your questions.

3. Almost all the health insurance companies offer discounts or have promotions on various health plans. Buying multiple insurance products from the same company will assure you a discount or some bonuses. Contact your current insurance company and check on their discounts. If you can find a better offer somewhere else, just switch the company.

4. If you need medical attention but don't have a health insurance plan you can try to visit one of the clinics that offer free medical services. It is never a good idea to let any symptom or pain untreated by professionals just because you couldn't afford a solid health insurance plan. Browse the internet in order to find a free clinic in your area and contact them at once.

5. It is preferable to choose an insurance company that is specialized in providing health insurance plans rather than one of the companies that offer numerous insurance products, among which you may find the health plans. A company that deals only with health insurance will be more likely to know all the details about these insurances and offer you the best advice in order for you to choose the best plan that suits you.

Make sure you read all the contract headings and subheadings, including all the text in fine print before signing a health insurance contract. Doing this will spare you of the risk of paying any hidden charges or fees. So read very carefully the entire paperwork before putting your signature on the dotted line of the contract. Also pay attention at all the situations mentioned in the contract regarding the diseases or other affects that are covered by the policy. You don't want to find yourself in the situation of being ill and finding out that your health plan does not cover all the expenses. - 23211

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What Is A Forex PIP?

By Bart Icles

If you plan to go into Forex trading and learn Forex basics, one of the first Forex terms you will be introduced to will be the Forex Pip. As you get more involved in Forex currency trading, you will continually encounter it, so you will essentially have to know and understand this important term, and many others like it, in order to learn how to trade Forex successfully.

PIP is the acronym for Percentage In Point, or Price Interest Point, which is used to measure profits and losses in Forex Trading. This is comparable to the term used in the stock market referred as a "point". Basically, the PIP is the unit of measurement for the smallest value (price) change of a currency.

The PIP serves as an easy alternative for measuring the rise of fall foreign exchange currency values in the form of a percentage number. Forex spreads, or the difference between the bid and ask price (buy and sell quote), is measured in PIP's, and is the major cost of Foreign currency trading. This amount is also used to pay the broker facilitating the trade. A lower spread means a lower the payment for the broker, and the trader gets to keep more profits.

The PIP is used in currency trading since the values in foreign exchange is not based on a universal currency, and its monetary value changes accordingly to the currencies involved with each individual trade. The dollar (USD), even though considered to be the most widely traded currency, is not and cannot be involved in all currency trades. For example, if there is trading of two common currency pairs such as the EUR/GBP, the profit and loss margins cannot be measured against the USD, simply because it does not make sense. Thus, Forex trade utilizes the PIP to simplify matters.

Most of the major Forex currencies are marked or quoted to the fourth decimal point, except the Japanese Yen. As an example, let's assume you are quoted a bid for the EUR/USD quoted at 1.0090 and the ask price is 1.0095, the spread is 0.0005 or 5 PIP's. In percentage terms, a PIP is 0.01% of a lot. Take for example the lot size of $100,000, 1 PIP is then worth $10. This is the value of PIP's when using the USD is used as the quote currency.

Trading in one Forex pair, such as the EUR/USD is advisable if you're a beginner. As you get more adept doing this, you'll get a clearer picture of how the PIP measures your gain or losses. - 23211

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IRS Provides Guidance on New COBRA Rules

By Doeren Mayhew

Recently, the IRS addressed how employers are to administer and seek recovery of the new COBRA premium subsidy enacted under the American ecovery and Reinvestment Tax Act of 2009 (P.L. 111-5). The IRS Act provides that an individual who has been involuntarily terminated on or after September 1, 2008, through the end of 2009 is required to pay only 35% of the group health insurance premium to secure COBRA continuation coverage (up to nine months).

The new guidance focuses on digit broad areas: Form preparation - the mechanics of how an employer recovers the COBRA payment subsidy through a payroll credit claimed on bureau Form 941, and administration and eligibility. The guidance also addresses common inquiries surrounding the timing of when the subsidy begins and ends.

How the Subsidy Works: A former employee and his or her family are "assistance eligible employees" if they are eligible for COBRA health insurance continuation coverage as a result of any involuntary termination occurring from September 1, 2008, through December 31, 2009. These individuals are required to pay only 35% of the group health insurance premium that would otherwise apply.

Under the Act, the "person to whom the premiums are payable" - generally, the employer - pays the other 65% of the COBRA continuation premium. The employer will then be reimbursed by means of a federal payroll tax credit claimed on Form 941.

The Payroll Credit Generally, an employer can claim the payroll credit for the COBRA premium subsidy on Form 941, Employer's Quarterly Federal Tax Return. To do so, the employer should enter the amount of any COBRA premium assistance payments paid on behalf of employees for that quarter on Line 12a. The amount entered should equal 65% of eligible workers' total COBRA premium payments - not amounts received from former employees.

In its Guidance, the IRS indicated that there has been some confusion surrounding the proper number of individuals to be reported on Line 12b as having received COBRA premium assistance reported on Line 12a. The guidance clarifies that only one individual should be counted for Line 12b purposes in a situation where a former employee has also secured coverage for other qualifying individuals such as a spouse and/or children.

Timing Issues: The IRS has also clarified that the COBRA premium reduction applies as of the first period of coverage beginning on or after February 17, 2009, for which a qualifying involuntary terminated employee is eligible to pay 35% of the premium. The exact date of coverage is contingent upon the period to which premiums are charged to the plan. The 35% premium subsidy generally applies until the earliest of three events: (1) when the former employee secures other health insurance coverage; (2) the date that is nine months after the first day of the first month for which the special COBRA premium subsidy provision applies; or (3) the date the individual is no longer eligible for COBRA continuation coverage. - 23211

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Things to Think About When Started Out in Foreign Exchange Trading

By Rey Anderson

Forex trading is all about making a lot of money. The changes that happen every day in the Forex market makes it straightforward to make a fortune if you have the right system. To some people, forex trading is something of an unknown.

Forex is a condensed name for the term foreign exchange trading. It is the market where currency trading transacts every single day around the globe. Banks and other financial institutions oversee the buying and sale of overseas currencies. Trading takes place by means of a financial institution or a online service that offers common financial instruments such as stocks and bonds.

One lesson of foreign exchange trading is that you are investing in the economy of foreign governments. Your capital helps to support foreign hedge fund investments and various markets in the participating countries. To me, what I find mind-boggling is that one day you can have your investment in one country and the next day it can be the opposite side of the world.

As you are starting, you will first find out how to read the currency symbols. The symbols of each currency are made up of three letters. For instance, the British pound sterling will read GBP, and the United States dollar is USD,

I recommend that when you first get into Forex trading that you just don't just go with any company that you find on the Internet. It's like the Wizard of Oz, you don't know who the wizard is behind the curtains. You need a company that is reputable. I advise new traders to choose an investment management firm that has been has been established for years, preferably back to 70s. There are scammers all over the Internet waiting to steal your hard-earned money, so don't risk your nest egg with the chance of being a victim of a well-orchestrated forex fraud scheme. It's not worth it. It might not be a bad thing to go to forex related forums and ask around. You will get a good idea pretty soon if you listen to a lot of people

There is power in financial portfolio diversification Forex is a good way to make money but I would advise that you don't put all your money in one spot. Spread your money around to safe investments.

If you're looking to get started saying in Forex trading keep in mind that usually you have to invest a minimum of $250 to 500. It depends on the company that your choosing and what their policies are. I would probably be wary of any online company that says you need only a few dollars to open an account.

All in all forex can be a fun way to learn how to make money investing, and lots of it if done smartly. Forex trading does not have to be a minefield. Educate yourself. Pick the right system, and as the old saying goes... the world will be your oyster, or make that your pearl! - 23211

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