Is Online Forex Currency Trading for Me?

How do you know if online forex currency trading is for you? What are the characteristics that make one fit for successful forex trading online?

Forex trading online has become enormously popular – and for many reasons. The ease of use, ability to make fast profits, and readily available resources combined have made forex trading online one of the most common means of financial trading on the internet, second only to online stock trading.

But, not everyone is cut out to participate in online forex currency trading. Some people probably would not prefer to trade in this area, and may prefer other financial instruments. Others may not have the skills necessary to turn a profit. Regardless, there are ways to tell if online forex currency trading is for you, and if you would be a good at forex trading online.

An Overview of Online Forex Currency Trading

Forex trading online, like many other online financial trading industries, can be stressful, complicated, and risky. You are subject to lose money just like with any other financial enterprise, and there is no guarantee that you will be able to turn a profit. With that being said, forex trading online is actually one of the easier trading methods out there.

The asset you are trading – a currency against another currency – is subject to global news events that can be pretty easily followed. Plus, you do not have to evaluate the fluctuation of your currency versus thousands of others, or against a sector as a whole – like with stock trading. Instead, online forex currency trading involves one currency against the other.

If this interests you, the following traits will help you.

Forex Trading Online: Knowledge and Learning

One trait that is helpful with online forex currency trading is the ability to quickly learn about forex trading online, including how to place trades, how to work a platform, how to use economic indicators, and how to trade strategically. This is mostly a function of how well you pick up on concepts and build upon your knowledge.

Forex Trading Online: Grasp of Macro-economic Fundamentals

A good grasp of macro-economic fundamentals is also important for online forex currency trading because you will need this knowledge to understand global financial events and how they impact your currencies. What does a stock market movement in a country mean for that country’s currency? What trade reports can you read to get an edge on what the euro will do? Fortunately, if you can learn the basics and follow an economic calendar, you will be fine.

Forex Trading Online: Fast-Paced Decision-Making Skills

Finally, any successful entrepreneur in online forex currency trading needs to have fast-paced decision-making skills. Forex prices move quickly, at fractions of a dollar, and the faster you can react, the more you will be able to bank a profit instead of lose money. If you thrive on fast-paced situations, and are not prone to indecisiveness, then you could possibly become quite good at forex trading online.

These are the main traits when it comes to deciding if online forex currency trading is for you. The best way to know for sure, though, is to sign up for a forex trading online demo account and play around with fake money. Visit : forexguidehowto.blogspot.com/

Group Term Insurance sample reviews

A few years back, there was only ONE sensible Group Term Insurance which is the one that has been offered by Public Mutual since many years ago. But when I recently look for more choices, I found some nice surprise equivalent offers if not better ...

Etiqa-Public Mutual offers Group Term Life with PA at the following premium

Plan	Table Of Benefits		ANNUAL PREMIUM
	Term Life	Personal Accident
A	50,000	50,000	RM170.00
B	100,000	100,000	RM340.00
C	50,000	N/A	RM152.50
D	100,000	N/A	RM305.00
E	150,000	150,000	RM510.00
F	200,000	200,000	RM680.00
G	150,000	N/A	RM457.50
H	200,000	N/A	RM610.00

in short it is RM 327.87 protection for each RM 1 you pay. The terms are pretty standard as a group term insurance. However, if one day you are no longer holding any of their mutual funds, your coverage will stop automatically too.

MSIG -Stand Chart Individual PA offers RM 492 for 1 million so it is RM 2,032.52 protection per ringgit. But it only covers very specific damages by accident. If you die like Teoh BH or die while detain in ISA, no payment shall be made. Death not caused by accident is NOT covered too.

e-insuran offers quite interestingly easy-to-use build-your-own protection ...

RM 150,000 Life for RM 285

RM 150,000 Personal Accident for RM 142.50

RM 150,000 Critical Illness for RM 307.50

Add all 3 coverage together, 5% tax and RM10 stamp duty would need a premium of RM 773.75 => RM 193.86 coverage per ringgit. But you need at least 5 person to be entitled for this 'group' insurance.

Great Eastern - Public Mutual offers Mutual Life Plus 2,

Plan	Sum Insured	Annual Premium
1	RM100,000	RM 550.00
2	RM200,000	RM 1,100.00
3*	RM300,000	RM 1,650.00
4*	RM400,000	RM 2,200.00
5*	RM500,000	RM 2,750.00

which is RM 181.82 coverage per ringgit.

Group Takaful could be interesting but there is no rate info online.

Sadly speaking, none of the above can be purchased online with a click with credit card. Almost all of them has convoluted, tedious and rather no-service oriented purchase process. There was an old saying ... insurance without agent tried not to pay no matter what, insurance with agents will try to pay for those who claim first.

Please be reminded that Term Insurance has no saving element so its best to adopt buy term invest the rest in your portfolio, else the longer it runs, the less advantage you have.

Also don't forget the trick to become an insurance agent yourself to save the commission to yourself ..

How to Learn Forex Trading Strategies

If you want to get serious about forex trading and learn forex trading online, learning forex trading strategies is a must. After all, going into trading without a plan – without solid forex trading strategies – is asking for a loss, simply because discipline and a methodical approach is needed to succeed.

Forex trading strategies abound; there is probably a strategy for every conceivable situation. They do vary, though, and many depend on individual trading style. So, when you learn forex trading online, keep in mind that no strategy is ever an absolute. With that being said, we will cover how to learn forex trading strategies and learn forex trading online in general so you can sharpen your edge and profit.

Learn Forex Trading Online Through Your Broker

The first step to take when you want to learn forex trading online is to go to your broker and browse through their education/resource center. Most brokers have some kind of guidance online, and if yours doesn’t, you can find one that does. Brokers want you to succeed at trading because they make more money the more you trade – and you’ll only trade more if you profit through forex trading strategies.

Many brokers have become quite good at instructing their traders how to execute trades skillfully. Use them as your first resource when you learn forex trading online.

Pick Up Forex Trading Strategies from the Pros

Another way to learn forex trading online is to talk to the pros – the traders who have the experience and results to back up years of trading. The best place to find these traders? Online, through forex trader message boards and forums. These are filled to the brim with forex trading strategies from virtually every angle – what to do when this happens with this currency pair; when to enter the market with that currency; what to do after economic reports are released, etc.

These forex trading strategies may not work – after all, they are dependent on personality and trading style – but you can definitely find some valuable advice if you talk to the right people. In time, you will come up with forex trading strategies on your own through experience and practice. Learn forex trading online by having regular conversations with those who have been successful in the business and you’ll benefit your trading career.

Learn Forex Trading Online With Forex Trading Strategies Websites

There are entire websites devoted to nothing but information, guidance, and tips on making money by trading currencies. Some of them are free; others are available by subscription. Either way, you can gain access to even more forex trading strategies and even more ways to learn forex trading online if you make the most out of the resources you have – which includes these instructional online destinations.

Of course, another way to find forex trading strategies is to create them yourself. You can do this safely by opening a free demo account with an online broker. By practicing with fake money, you can learn forex trading online and even create your own forex trading strategies that are specific to your trading style and situation.

Books you may want to buy

You can pay less tax by buying books, below are a list of books you may also be interested to buy.

One Simple Idea

http://www.amazon.com/One-Simple-Idea-Licensing-Goldmine/dp/0071756159/ref=sr_1_1?ie=UTF8&qid=1312596391&sr=8-1

Unthinking

http://www.amazon.com/Unthinking-Surprising-Forces-Behind-What/dp/0446564141/ref=sr_1_1?ie=UTF8&qid=1312596874&sr=8-1

The Steve Jobs Way

http://www.amazon.com/Steve-Jobs-Way-iLeadership-Generation/dp/1593156391/ref=sr_1_1?ie=UTF8&qid=1312596893&sr=8-1

The Power of Now

http://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808/ref=sr_1_1?ie=UTF8&qid=1312596958&sr=8-1

previous recommended books

Full Info of Public Mutual Funds

Public Mutual has 88 funds which is not easy to analyse all of them just by browsing around. Investing base one word of mouth (the company, the agent, friends etc.) is really not a good practice. So its best to put all the basic info into a spreadsheet and analyse from there.

Below is a link to a spreadsheet I have compiled for my own use. All the info is gathered from Public Mutual Online yesterday. I plan to add more info to it as I go along so you may want to refer to the link instead of saving an offline copy.

link to google doc

For example, I want to know which bond fund I want to switch to ...

• so I use filter to show only Bond 'category'
• show only 1,000 initial investment
• sort by Total Cost

I got these to choose from: (all have the lowest fee at 1.035% )

PB Islamic Bond Fund

PB Fixed Income Fund

Public Bond Fund

Public Select Bond Fund

list of Public Mutual Funds

Public Mutual is the largest mutual fund company in zzzz, they have 88 funds !! HOW to choose wisely from 88 choices !? Its CRAZY !! If one can analyse all those 88 funds, one must be good at investing in stocks directly too!

Anyway below show the list sorted by Shariah compliant, followed by category of funds and lastly by fund name. This is the best way I can take a peek by the purpose of investment. Hope this is useful to you too ...

Fund Name	Fund Abbreviation	historical diff	Shariah	category
PB Islamic Cash Management Fund	PBICMF	PB	Shariah	Money Market
PB Islamic Cash Plus Fund	PBICPF	WHOLESALE	Shariah	Money Market
Public Islamic Money Market Fund	PIMMF	PUBLIC	Shariah	Money Market
Public Islamic Income Fund	PI INCOME	PUBLIC	Shariah	Fix Income
PB Islamic Asia Equity Fund	PBIAEF	PB	Shariah	Equity
PB Islamic Asia Strategic Sector Fund	PBIASSF	PB	Shariah	Equity
PB Islamic Equity Fund	PBIEF	PB	Shariah	Equity
Public Asia Ittikal Fund	PAIF	PUBLIC	Shariah	Equity
Public China Ittikal Fund	PCIF	PUBLIC	Shariah	Equity
Public Islamic Alpha-40 Growth Fund	PIA40GF	PUBLIC	Shariah	Equity
Public Islamic Asia Dividend Fund	PIADF	PUBLIC	Shariah	Equity
Public Islamic Asia Leaders Equity Fund	PIALEF	PUBLIC	Shariah	Equity
Public Islamic Dividend Fund	PIDF	PUBLIC	Shariah	Equity
Public Islamic Equity Fund	PIEF	PUBLIC	Shariah	Equity
Public Islamic Opportunities Fund	PIOF	PUBLIC	Shariah	Equity
Public Islamic Optimal Growth Fund	PIOGF	PUBLIC	Shariah	Equity
Public Islamic Sector Select Fund	PISSF	PUBLIC	Shariah	Equity
Public Islamic Select Enterprises Fund	PISEF	PUBLIC	Shariah	Equity
Public Islamic Select Treasures Fund	PISTF	PUBLIC	Shariah	Equity
Public Islamic Treasures Growth Fund	PITGF	PUBLIC	Shariah	Equity
Public Ittikal Fund	PITTIKAL	PUBLIC	Shariah	Equity
PB Islamic Bond Fund	PBIBF	PB	Shariah	Bond
Public Islamic Bond Fund	PIBOND	PUBLIC	Shariah	Bond
Public Islamic Enhanced Bond Fund	PIEBF	PUBLIC	Shariah	Bond
Public Islamic Infrastructure Bond Fund	PIINFBF	PUBLIC	Shariah	Bond
Public Islamic Select Bond Fund	PISBF	PUBLIC	Shariah	Bond
Public Islamic Strategic Bond Fund	PISTBF	PUBLIC	Shariah	Bond
Public Sukuk Fund	PSKF	PUBLIC	Shariah	Bond
Public Islamic Asia Balanced Fund	PIABF	PUBLIC	Shariah	Balance
Public Islamic Balanced Fund	PIBF	PUBLIC	Shariah	Balance
PB Cash Management Fund	PBCMF	PB		Money Market
PB Cash Plus Fund	PBCPF	WHOLESALE		Money Market
Public Money Market Fund	PMMF	PUBLIC		Money Market
PB Capital Protected Dragon Fund		PB		Fix Income
PB Capital Protected Resources Fund	PBCPRF	PB		Fix Income
Public Capital Protected Select Portfolio Fund	PCPSPF	PUBLIC		Fix Income
PB ASEAN Dividend Fund	PBADF	PB		Equity
PB Asia Equity Fund	PBAEF	PB		Equity
PB Asia Pacific Enterprises Fund	PBAPENTF	PB		Equity
PB China ASEAN Equity Fund	PBCAEF	PB		Equity
PB China Australia Equity Fund	PBCAUEF	PB		Equity
PB China Pacific Equity Fund	PBCPEF	PB		Equity
PB Euro Pacific Equity Fund	PBEPEF	PB		Equity
PB Growth Fund	PBGF	PB		Equity
PB Singapore Advantage-30 Equity Fund	PBSGA30EF	PB		Equity
Public Aggressive Growth Fund	PAGF	PUBLIC		Equity
Public Australia Equity Fund	PAUEF	PUBLIC		Equity
Public China Select Fund	PCSF	PUBLIC		Equity
Public China Titans Fund	PCTF	PUBLIC		Equity
Public Dividend Select Fund	PDSF	PUBLIC		Equity
Public Equity Fund	PEF	PUBLIC		Equity
Public Far-East Alpha-30 Fund	PFA30F	PUBLIC		Equity
Public Far-East Consumer Themes Fund	PFECTF	PUBLIC		Equity
Public Far-East Dividend Fund	PFEDF	PUBLIC		Equity
Public Far-East Property & Resorts Fund	PFEPRF	PUBLIC		Equity
Public Far-East Select Fund	PFES	PUBLIC		Equity
Public Far-East Telco & Infrastructure Fund	PFETIF	PUBLIC		Equity
Public Focus Select Fund	PFSF	PUBLIC		Equity
Public Global Select Fund	PGSF	PUBLIC		Equity
Public Growth Fund	PGF	PUBLIC		Equity
Public Index Fund	PIX	PUBLIC		Equity
Public Indonesia Select Fund	PINDOSF	PUBLIC		Equity
Public Industry Fund	PIF	PUBLIC		Equity
Public Natural Resources Equity Fund	PNREF	PUBLIC		Equity
Public Optimal Growth Fund	POGF	PUBLIC		Equity
Public Regional Sector Fund	PRSEC	PUBLIC		Equity
Public Regular Savings Fund	PRSF	PUBLIC		Equity
Public Savings Fund	PSF	PUBLIC		Equity
Public Sector Select Fund	PSSF	PUBLIC		Equity
Public Select Alpha-30 Fund	PSA30F	PUBLIC		Equity
Public Singapore Equity Fund	PSGEF	PUBLIC		Equity
Public SmallCap Fund	PSMALLCAP	PUBLIC		Equity
Public South-East Asia Select Fund	PSEASF	PUBLIC		Equity
PB Fixed Income Fund	PBFI	PB		Bond
PB Infrastructure Bond Fund	PBINFBF	PB		Bond
PBB MTN Fund 1	PBBMTN1	WHOLESALE		Bond
Public Bond Fund	PBOND	PUBLIC		Bond
Public Enhanced Bond Fund	PEBF	PUBLIC		Bond
Public Institutional Bond Fund	PINBOND	PUBLIC		Bond
Public Select Bond Fund	PSBF	PUBLIC		Bond
Public Strategic Bond Fund	PSTBF	PUBLIC		Bond
PB Asia Real Estate Income Fund	PBAREIF	PB		Balance
PB Australia Dynamic Balanced Fund	PBADBF	PB		Balance
PB Balanced Fund	PBBF	PB		Balance
PB Indonesia Balanced Fund	PBINDOBF	PB		Balance
Public Balanced Fund	PBF	PUBLIC		Balance
Public Far-East Balanced Fund	PFEBF	PUBLIC		Balance
Public Global Balanced Fund	PGBF	PUBLIC		Balance

Foreign Currency Exchange Trading: How Does It Work?

Foreign currency exchange trading is one of the hottest trends in the financial world over the past few years. What E*Trade did for online stock trading, other brokers have done for trading currencies through online brokerages. In fact, with the exception of stock trading, foreign currency exchange trading is the most popular trading field in the world.

Here, we will cover foreign currency exchange trading and explain how it works – from joining a brokerage to opening a trade and executing it and (hopefully) banking a profit. We will also explain various concepts behind foreign currency exchange trading, such as online foreign exchange rates, spreads, and others.

Foreign Currency Exchange Trading: The Role of the Broker

The foreign currency exchange trading market is just like any other financial market. It consists of buyers, sellers, and intermediaries called brokers. A broker is basically an access route to the market, either through the broker directly (if they are a market maker) or via the broker to another, larger market.

The broker, basically, routes your orders to other traders through a variety of methods and helps you conduct your transactions. It is like a real estate agent who deals with other agents and other buyers/sellers when buying a home. The prices are based off of online foreign exchange rates, as described below.

Foreign Currency Exchange Trading: The Principles Behind Trading

In foreign currency exchange trading, you are buying and selling currencies against each other. This is accomplished via currency pairs. One popular pair is EUR/USD. The online foreign exchange rate that comes with this pair tells you the value of euros versus dollars, or, how many dollars you can purchase with one euro.

If the online foreign exchange rate is, say, 1.5, you can buy 1.5 dollars with one euro. When you buy euros at this rate with dollars, you are essentially buying a euro with a “value” of 1.5.

Let’s say that the online foreign exchange rate goes up to 1.6 (which is a huge leap in real life). You will essentially make a profit of 0.1 dollars per euro that you bought. So, if you bought 1,000 euros, then the “value” increases by 0.1 – giving you a profit of 100 units.

Foreign Currency Exchange Trading: Spreads

Many brokers make money through the use of spreads. Every time you place a trade, there is a spread that goes with your online foreign exchange rate. This spread is usually addressed in terms of ‘pips’, which are units worth 1/100th of one percent (or 0.0001). A spread is the difference in your online foreign exchange rate between the bid and the ask price. To keep it simple, the lower the spread the better it is for you, since you can make more money.

Foreign Currency Exchange Trading: Things to Consider

While trading, keep in mind that increments in value are very small. A currency pair could fluctuate only by a few pips during the day. The way people make profit is by using leverage (buying a lot of currency with only a small amount of actual money in your account) to purchase large lots of currencies and taking advantage of fluctuations, sometimes making a dozen or so trades during a day.

The above are basics for foreign currency exchange trading. Pay attention to online foreign exchange rates, spreads from brokers, and financial news from across the globe and learn as much as you can about the business before you begin your trading career.Visit : forexguidehowto.blogspot.com/