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Tuesday, August 25, 2009

The Economy and Job Cuts

By Chuck R Stewart

The economy has been in a slump lately, causing lots of people to loose their long-time jobs. Being out of work unexpectedly changes life a lot. Being out of work and looking for a new job will turn your world around. A lot of people are finding new jobs in odd spots, because they are so sparse. Lots of very well-qualified people are being reduced to working in factories . However, if one goes to work in a factory you really need to make sure that you consider hiring a Chattanooga injury lawyer.

Chattanooga injury lawyers will protect you if you get hurt on the job in a factory, which is very common. Not hiring one puts you at risk for not getting paid for time off if you get injured on the job.. If you have lost your job due to the recent cut backs but cant see yourself in a factory, don't worry. There are odd businesses and jobs that are actually prospering right now. Window and door companies are actually doing very well right now, because people are getting money from the government. People are using this time to get new windows and doors fixed because other things are so inexpensive right now. So if you're looking for work, I strongly suggest looking at a place like this.

During times like these, many of us are going to have to humble ourselves a little. We may find ourselves working jobs that we think we are overqualified for. Young adults who recently graduated college are working jobs they didn't think they would be working at this point in their life. This may not be how the pictured stating out their life after college, but it will get them by. The only thing we can do in times like this is try our best to get by One area of jobs that doesn't seem to be hurting at all is jobs at a pool.

It seems that people are always willing to splurge a little on going to their swim club during the summer So, go apply to work the snack bar and a few local swim clubs. If you have your life guarding license you are usually golden for summer jobs. You should be able to get a job as long as you apply in time, since so many other teens need jobs as well.

Another job that has always been around and always will is babysitting. It is great, because you get paid more than minimum wage without taxes or anything. If you like children it is also an awesome job. One way to get your name out is to make fliers and distribute them to your neighborhood. Often babysitting requires you to give up some Saturday nights, but it is well worth it because you get pays so well. - 23211

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Trading The Forex

By Jo Nash

FOREX trading is all about trading foreign currency, stocks, and similar type of products. The currency of one country is weighed against the currency of another country to determine value. The value of that foreign currency is taken into consideration when trading stocks on the FOREX markets. Most countries have control over the value of that countries value, involving the currency, or money. Those who are often involved in the FOREX markets include banks, large businesses, governments, and financial institutions.

What makes the FOREX market different from the stock market? A forex market trade is one that involves at least two countries, and it can take place worldwide. The two countries are one, with the investor, and two, the country the money is being invested in. Most all transactions taking place in the FOREX market are going to take place through a broker, such as a bank.

What really makes up the FOREX markets? The foreign exchange market is made up of a variety of transactions and counties. Those involved in the FOREX market are trading in large volumes, large amounts of money. Those who are involved in the FOREX market are generally involved in cash businesses, or in the trade of very liquid assets that you can sell and buy fast. The market is large, very large. You could consider the FOREX market to be much larger than the stock market in any one country overall. Those involved in the FOREX market are trading daily twenty-four hours a day and sometimes trading is completed on the weekend, but not all weekends.

You might be surprised at the number of people that are involved in FOREX trading. In the years 2004, almost two trillion dollars was an average daily trading volume. This is a huge number for the number of daily transactions to take place. Think about how much a trillion dollars really is and then times that by two, and this is the money that is changing hands every day!

The FOREX trading market is not something new, but has been used for over thirty years. With the introduction of computers, and then the internet, the trading on the FOREX market continues to grow as more and more people and businesses alike become aware of the availablily of this trading market. FOREX only accounts for about ten percent of the total trading from country to country, but as the popularity in this market continues to grow so could that number. - 23211

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Dollar Guru (Part II)

By Ahmad Hassam

Suppose you have the data and calculated the currency correlations of the major pairs. The correlation between GBP/USD and EUR/USD is 0.68. This correlation coefficient means both the pairs move in the same direction 68% of the time.

USD/CHF and EUR/USD have a correlation coefficient of -0.975. This is pretty close to (-1). It means both these pairs move in the opposite direction almost all the time. To be precise 97.5% of the time if USD/CHF moves up, the pair EUR/USD will move down!

You have this information. It tells you how much these pairs move in the same or opposite directions. Suppose you trade both the pairs USD/CHF and EUR/USD by going long at the same time. What you will be doing is in fact canceling both the positions.

If you win on USD/CHF, you will lose on EUR/USD and vice versa. The two trades would effectively cancel each other due to the negative correlation between the two pairs. A savvy investor would go long on USD/CHF and go short on EUR/USD. So you are shorting USD in both the trades and diversifying the USD bearish investment.

Currency correlations can help you in making entry and exit decisions for each trade. Lets suppose GBP/USD starts showing volatility. The pair approaches a resistance level. You plan on going long if there is a breakout.

However, you notice on the charts that the other three major currency pairs are not showing volatility and moving as much as the GBP/USD. EUR/USD is not showing volatility and moving up on the chart. USD/CHF is not showing much volatility and moving down on the chart. USD/JPY is also not showing much volatility and not moving down on the chart. This means that the volatility in GBP/USD is solely GBP driven. The move is maybe related to some news in the British economy about Bank of England raising or lowering interest rates or some big companies merging.

Now you know that the move in GBP/USD pair is Pound driven and not US Dollar driven. You can take advantage of this information by ignoring the GBP driven move and waiting for a later opportunity that involves simultaneous correlated moves of all the major pairs.

Take another example. Suppose you have entered a short EUR/USD trade. You want to know whether the pair will either proceed down towards your profit target or go against you and cause you to exit the trade with a small loss.

Your EUR/USD has broken the S1 support pivot level and heading towards M1. By looking at the pair EUR/GBP, you find that it has paused at its S1 support pivot level and is showing signs of reversing to the upside.

Knowledge of currency correlations can help you a lot now. It can tell you if EUR/GBP breaks through the S1 level, you are poised for a profitable trade in this type of a situation, However, you should watch the indicators. Exit before taking a big loss if EUR/GBP reverses and heads back to the upside. You might consider trading a basket of all the major currencies as you mature in forex trading. - 23211

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Online Life Term Insurance- A Smart Way of Life

By John Fagan

The article guides you through the different things to keep in mind when getting a life insurance quote and how life insurance quote helps you to buy the right policy for you.

Term plans on life are for a specific predefined period and offers monetary protection and benefits from death of the holder during this period when the policy is said to be in force. A standard plan on life has its protection for the buyer built-in. These plans offer protection from creditors, benefits of planning estates and enable you circumvent payments.

If you are analyzing advantages from standard plans it is advisable to look at different term plans on life. As for example you can get possible benefits from segregated fund and term funds when you own the plan directly. If you appoint a nominee or create a trust for such plans, you stand to negate some of the benefits of insurance. You would end up speculating the use of buying such coverage. However, as an American in America, from such plans you can avail tax less savings, drawing money before retirement and make investments without being taxed.

You can buy a term life policy, which is valued at $100,000 at so much as 9 to 10 dollars per month. While a policy of cash value with the same face value is available at $90 to $100 per month. So, you can benefit quite a lot by buying a term policy and save on the premium variance.

One of the most important things to remember is the ease with which the premiums can be paid. Premium payment options are available online on a monthly and semi annual basis. What makes The Term Life Insurance suitable for individuals on a limited budget? Is its expired Time Period that is provided to the Beneficiary, which is limited to a numbers of years after which the policy buyer can choose to renew the same if he wishes to do so?

Tax-free income is generated against premiums paid for cash policies, which form the basis of savings for you. Many saving plans like the retirement policies initiated by your employers, IRA plans for individuals, IRA plans for education as well as savings policies on tuitions which are supported by the state are available to most people in America. Further, penalty charges payable against withdrawals made at an early stage of the policy have been relaxed recently. This relaxation is available to people investing in properties for the first time, payment of expenses on education and astronomical expense bills for medical therapy.

As the course of life can be extremely changeable, earning members in families need to invest in some kind of insurance plans on life. The term plan on life is suggested to be the best choice to help you with your investments under periods of stress from handling burdensome expenses like education for the children, mortgages and providing for your dependents. When you come into a better financial status and are able to provide monetary safety to your family you can discontinue the policy. In comparison to cash plans term plans are cheaper and allows you to reap benefits by saving with the sections 401K or IRA. - 23211

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Guidelines For Purchasing An Appropriate Life Insurance At A Reasonable Cost

By John Fagan

The following article represents an overview of the Variable Life Insurance. It revolves around the features, advantages and disadvantages of Variable Life Insurance. Variable Life Insurance generates cash value by allocating a part of the premium in different types of funds. Thus, the premium from a single Variable Life Insurance can be used to invest in several types of funds, to generate cash value.

A large number of policy owners do not have knowledge regarding the availability of an inexpensive Life Insurance. High premium costs attached with Whole Life Insurance may dishearten the new policy buyers. Consequently they may choose to not to purchase any Insurance and thus not securing their dependants financially. Though, Term Life Insurance is an inexpensive substitute.

Whole Life Insurance and Term Life Insurance are two basic types of Life Insurance. The amount of the premium and the period of the policy are chosen by the policyholder in case of the Term Life Insurance. Extra benefits of Cash value are provided besides the Life Insurance in the Whole Life Insurance.

Insurance Experts advice that people suffering from financial crunch, should strive to purchase comparatively Low priced Insurance cover, through intelligible shopping methods. Rather than not having any Insurance, it is good to get the best value for money on Insurance purchase. One can easily evaluate various types of policies through different web tools available on the Internet. Consequently it is very easy to find a cost effective Insurance online. Further help is provided by online instant quote generators and comparison websites.

Free tools for comparison are provided by a number of reputed financial websites which enables policy buyers to compare the cost, features and different types of policies online. Consequently one does not need to seek help from a financial advisor. Prospective policy buyers can therefore easily select the best suited Insurance policy available at a cost effective price, after exploring the internet for understanding various types of policies.

The weakness of Variable Life Insurance lies in the risk concerned with the cash value component that is affected mainly by the performance of investments. The Insurance providers hold no responsibility regarding investment decisions taken by the policy owners. In addition, no minimum balance with regards to the policy sum invested is guaranteed by the Insurance provider. In case the investments perform badly in the market then the insurance provider will forfeit the cash value towards the premium payments, though if policy buyers invest wisely, they can make substantial earnings in comparison with other policies.

Most importantly policy buyers should purchase only the requisite amount of Insurance. Policy buyers will find themselves paying unnecessary amount, if they buy more than the required Insurance cover. Hence, policy buyers should go through the Insurance market carefully, evaluate quotes from various insurance providers, and buy the appropriate amount of Insurance cover. - 23211

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