Samples of The Majors Currecies

There are many currencies in the world and most people focuses on the biggest and most liquid currencies that is called "The Majors"

US Dollar

Japanese Yen

Euro

British Pound

Swiss Franc

Canadian Dollar

Australian Dollar

What is FOREX?

"Forex" stands for foreign exchange; it's also known as FX.
In a forex trade, you buy one currency while simultaneously selling another
(That is, you're exchanging the sold currency for the one you're buying)

Currencies trade in pairs, like the

• Euro-US Dollar (EUR/USD)
• US Dollar-Japanese Yen (USD/JPY)
• & Others

The world's most traded market, trading 24 hours a day with average daily turnover of US$3.2 trillion, forex is the most traded market in the world.

A true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York.

Why Trade Currencies?

Daily turnover in the world's currencies comes from two sources:

• Foreign trade (5%) - Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency
• Speculation for profit (95%)

For the Latest Rates of currencies pairs, you can check it at
http://www.bloomberg.com/markets/currencies/fxc.html

4 Criteria in Choosing the Right Business for Investment

The business that can be easily understood
You must choose the business that can be understood by you. When it can be understood, you will be able to identify the business activities and its operation in the company such as how they make a sale or where their payment went.

The business has a favorable long term prospects
This shows that the company will be expanding their businesses such as franchising and continue providing new services that more and more customer will be attracted therefore increased their profit in the long run.

The business has a good management team
It means that the top management such as the CEO, CFO and their employees are able to perform their job with integrity and having good corporate governance towards its stakeholder. It also proves that the company has a good internal control which can prevent the company from fraud.

The business has attractive pricing
This shows that the company is able to increase their price of products without losing market share thus proves that they will have a high profit margin.

5 Ways to Real Estate Investment

1) Before you going to choose the dream house for your investment, remember that you must have the money to make the purchase. By lending, you must not allocate more that 1/3 of your own income to the borrowings every month.

2) After you have determine the borrowings and the amount of cash you have to put in, have a search at your area first because this is the place you understand the most compare with other people. Remember that don’t get caught of the “obvious prospects for physical growth in the property because it does not necessary translate into obvious profits for you”.

3) Now after you have your properties, make sure it is below the market value before you purchase. Remember that the higher you pay the lower return you will get.

4) You also must make sure that the area of your properties is 90% occupied. Therefore it is easier to get a tenant for your properties. You also don’t wish to buy a property which the area is deserted and can’t rent your property out.

Remember to prepare yourself for the worst and pay all the expenses of your property if there is no tenant.

Choose, Use & Fight Debt with Credit Card

Credit Card is Use because:

• Convenient that can help the user to avoid bringing large sum of cash when making a huge purchase.
• Internet transaction because the payment can be made within minutes
• People use credit card to symbolize their status
  

How to choose credit card?

• Choose a credit card that is widely accepted such as Visa, MasterCard, etc.

Credit card companies or banks usually advertise their cards by giving free gifts or they are having interactive marketing strategy by showing “1.5% per months only”.
Don’t get caught of this statement because
1.5% per month X 12 months = 18%
And the effective rate will be 19.6% including the compound interest yearly.

How to reduce credit card debt?
1. Allocate an amount of reserves for about 50% of your expenses to avoid using credit when there is an emergency.
2. If the amount is too large to repay or it is necessary, you should borrow a personal loan to cover the credit card debt first because personal loan may have a lower interest rate compare to credit card.
3. Don’t increase the emergency funds or invest first before fully repaid your credit card debt.

Remember when using credit card, think about whether you can repay it and pay the bill in full instead of the minimum balance.

Credit cards bring Pros and Cons to the users and you must choose the right credit card and use it effectively without hurting your own financial stability.