Online Share Trading ' Tips to Play the Market and Win

Online Share Trading ' Tips to Play the Market and Win
How do you succeed at online share trading? The truth is
that many of the principles that apply to playing the
online share market and winning are very similar to those
you use offline. You need to really know your market and be
constantly learning, you also need to be patient, develop a
good system and seeing the big picture.

Learn as Much as Possible

The first step to being successful at online share trading
is to spend time researching the market. Any business that
you get involved in requires learning about your market and
what you need to do in order to succeed in it, online share
trading is no different ' you need to invest in your
education, whether this means investing time, money or
both. Constantly be learning and growing and be prepared to
adapt as situations change.

Develop a System of Online Share Trading

There is no ideal system that always wins, but all
successful online share traders have some system that they
use to determine whether to invest in certain shares or not
and when to sell. You should work on creating a system that
works for you and stick to it even if there are sometimes
failures. Your system should tell you when to cut the
losses and you should know how much risk and loss you are
willing to accept before selling out.

Be Patient

Developing patience and learning to wait for the right
deals is another step to playing the online share market to
win. Don't take trades that are too risky just because you
feel you need to remain in the market at all times. Learn
patience to wait for the best trades.

Learn to See the Big Picture

Online share trading is a mixture of understanding the
details, as well as seeing the big picture. It is important
to understand the big picture so that individual losses do
not lead to you giving up when you could still see a profit
from persevering.

Being successful at online share trading means that you
should constantly be learning and growing and investing in
your education and personal development. You should also
learn to be patient and see the big picture so that
individual losses do not stop you making a long term profit
and so that you only accept the best trades. Develop a
system which dictates when you buy and sell and be
disciplined in this system.

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Richard Greenwood is Author of the Ebook Finance Overhaul
which aims to show people how they can change the way they
work, earn & spend using online businesses and business
outsourcing - http://www.financeoverhaul.com.au

Can Canceling a Credit Card Hurt My Credit Score?

Can Canceling a Credit Card Hurt My Credit Score?
One of the most significant factors in your credit score
besides your payment history is how much you owe in
relation to how much credit you have. This accounts for 30%
of your credit score. However, the amount you owe is not
simply the total amount of debt, it's your debt in relation
to how much credit you have. This is referred to as the
credit-utilization ratio. The credit-utilization ratio is a
key factor in determining how you manage credit. The lower
the ratio, the more you are viewed as a responsible credit
user by creditors. Canceling a credit card can
significantly raise your credit-utilization ratio and in
turn lower your credit score.

For example, let's say you have $10,000 in credit on 3
credit cards and have a total amount of debt of $2500. Your
credit-utilization ratio would be 25%. If you cancel one of
your cards that has a zero balance and a credit line of
$5000, your credit-utilization ratio would increase to 50%.
The higher ratio would lower your credit score.

If you are having problems with debt, then canceling a
credit card can help by eliminating the temptation to
increase your debt. While canceling the credit card may
lower your score in the short term, the benefits of not
increasing your debt and paying down your current debt will
go a long way to helping increasing your credit score in
the future.

Additionally, if you do decided to cancel one of your
credit cards to help you better manage your debt, cancel
your newest cards first in order to avoid getting doubly
dinged on your credit score. Canceling older credit cards
can hurt you because the length of your credit history
matters in calculating your credit score. If you cancel
your older credit cards first, then you decrease your
credit history. However, if you are not using the older
card, then canceling that card can be beneficial if you are
paying an annual fee. You'll save the annual fee and also
not have a credit card around that you're not using, which
might help protect your privacy and the potential for theft.

Remember, your credit score is a reflection of how you
manage your credit. By adopting good credit and money
management skills, you won't have to worry about your
credit score. Pay your bills on time, don't be too liberal
with the amount you spend on your credit cards, and be
aware of just how much debt you owe will go a long way in
managing your credit.

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For more ways on how to save money and manage your debt, go
to http://www.CreditManagement101.com - a website dedicated
to issues concerning debt and credit management.
At http://www.CreditManagement101.com you'll learn about
responsible credit management, your credit score, debt
management plans and credit counseling. Also find ways to
save your money by maintaining a livable budget that
reflects your means.

The 5 Year Bull Market Myth!

The 5 Year Bull Market Myth!
If you like to read about the stock market you may have
seen some recent articles about the so-called bull market
we have experienced over the last 5 years. One of the
problems with looking at the market with such a short term
view is we fail to see the whole picture.

I liken it to the horse wearing blinders effect. Not that I
get out to the horse races much but if you have ever been
to one you will notice that they put these things called
blinders on the horse's eyes so they will not get
distracted during the race. Well sometimes human nature
acts just like those blinders and we tend to only see what
has happened lately. This is exactly the case of the
mythical 5 year bull market and this phenomenon can be very
dangerous to the novice as well as the experienced
investor. Let me explain.

First let's look at this so called bull market and why it
has been deemed as such. Going back about 5 years ago to
September 30, 2002 the S&P 500 closed at 827.37. Flashing
forward just a little over 5 years to October 8, 2007 the
S&P closed at 1,554.41. If you do the math that equals an
attractive annual growth rate of 14.19% per year. Wow you
might say, what's wrong with 14%, sign me up! The problem
is this is not the whole story. In fact this is a dangerous
story if market makers and mutual fund promoters use this
information to influence countless investors to invest in
the market without considering the true risks and the
effects these risks will most likely have on their returns.
Let's take our blinders off for a moment and consider the
long term implications of this mythical market.

What if we were to go back just two years more to the year
2000. In fact let's go back to January 3, 2000 when the S&P
500 index closed at 1,441.47. Let's assume that this just
so happened to be the date that you decided to invest your
hard earned money into the market. Would you still be up
14.19% per year on average? Hardly. In fact you would have
spent two years with a stomach ache watching your money
decline as the market dropped to the bottom on September
30, 2002. In fact you would have lost 42.6% of your
investment. Could you afford to lose that much money in so
short a time?

But some may argue that this was only a paper loss and if
they would just hang in there until the market rebounded
they would be fine. The truth is the market did rebound but
with what effect?

If you would have invested your money directly in the S&P
500 on January 3, 2000 to October 8, 2007 for a little over
7 years your compounded annual growth rate would have been
.96% during the entire period. Not even one percentage
point.

Now that is a market that suddenly does not look so bullish
does it? And all we did was look back an additional two
years. What if we looked ahead?

What would the S&P 500 have to do over the next 26 months
so that by 2010 this hypothetical investor could actually
justify all of the risk that he just took over this 10 year
period?

If by the year 2010 the market increases by 50% this lucky
investor will have an effective 10-year rate of return of a
whopping 4.20%!

The bottom line is that the next 3 years have to be
phenomenal just to provide long term investors with
somewhat competitive returns. Returns that they could have
otherwise achieved with much less risk and much more
certainty.

So while the 5 year bull market did happen for a lucky few,
chances are if you have been a long term investor over the
last seven years you have barely broke even. How much
better off could you have been if you had invested in
safer, less volatile, or even risk free alternatives.
Before you get ready to listen to the market makers or
mutual fund marketers make sure you know the facts. Don't
get sucked into the hype of the mythical 5 year bull
market. If you are not sure exactly how well your
investments are doing you may want to seek out the
assistance of a qualified advisor who can tell you not just
what your fund has averaged over the last 5 or 10 years but
who can help you analyze what your true return has been and
if you are as far ahead as you think or if it may be time
to reevaluate your holdings. While blinders may work well
for horses they can be devastating to investors.

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Antonio Filippone is a respected speaker on a wide range of
subjects. He has been published in the official journal of
the IARFC as well as interviewed on the Radio about his out
side the box financial strategies.Readers who are
interested in gaining more information on how to live debt
free and truly wealthy can request a complimentary copy of
Mr. Filippone's booklet by visiting his website at
http://www.tonyfilippone.com