forex fire

Does a buy and hold strategy still work well for unit trust funds? There’s an argument that buy and hold is not a strategy, but is the same as not doing anything. To make it worse, your investment may ’sink’.

Given an example, let’s say, you bought into an equity fund in December 1998 and kept it until December 2004 and had a return on investment (ROI) of -2%. If you had actively managed your investments and switched to a bond fund (during bull bond market) and returned to equity later (during bull equity market), your ROI would have been 15%. Thus, some analysts suggest a buying, monitoring and rebalancing strategy.

The buy and hold strategy is based on an assumption that over the long run, markets will go up eventually. It’s a strategy that helps the investor save on transaction costs, taxes on capital gains and avoid the hassle of buying and selling.

There are a number of factors concerning this strategy. First, it’s assumed that the portfolio is diversified into different stocks and asset classes. If the investor only invested in one stock, he won’t even recover the cost today. He needs to invest across the asset classes (bonds, gold, cash etc.). In the long term, the portfolio will give good but not necessarily the best results.

Second, the investments must be fundamentally sound. In developing countries, a buy and hold strategy may not produce the best results many changes are still taking place. Thus, business cycle, the economic and investing environment and government policies will change, in line with the country’s development. When change happen, you can’t ignore the impact.

That being the case, investors are advised to review their investments regularly (at least once a year). But should unit trust investors try timing the market? As you know, a unit trust fund is a medium to long term investment vehicle. However, you can’t just invest and forget about it. Investors should monitor them closely and not easily give up control of their hard earned money.

Not all investors are literate enough to know when to enter and exit asset classes. Investors’ emotions come into play, making it hard for them to sell and take profit or cut losses, especially those who invest directly in the market. Thus, leave it to the professionals if you’re clueless and illiterate about financial markets, although even professionals can’t get it right all the time too as timing the market is never easy.

Another critical element of unit trust investing is to figure out if you’re comfortable with the fund manager’s style. If the investor were to rebalance his portfolio himself, in this case, the asset allocation decision is made by the investor himself. When markets move, he decides whether to buy, hold or sell.

For you those of you who prefer taking control of your investment, even if it’s a small sum, make sure you go into a fund that charges minimal entry and exit fees or allows free switches between funds in the same company and in the same year. Only move your investments when you believe market fundamentals have changed, otherwise don’t get caught up with investor sentiment.

Even if there were no changes in the investing environment, your own objectives may have changed, so it’s wise to review your portfolio at least once a year.

For investors who prefers to let the fund manager decide so long as they get a reasonable return on investments, there are funds that allow you to just sit back and watch your investments grow (if you’re lucky!). Go with funds and fund managers whose investment style suits your risk profile.

Finally, investors need to be educated. Get literate in your finances or make sure your investment consultant is literate.

Michael Russell
Your Independent guide to Investing

The trade of FOREX is all about trading the foreign currency, stocks, and the similar type of products. The currency of a country is weighed against the currency of another country to determine the value. The value of this foreign currency is taken into account while trading of stocks on the markets of FOREX. The majority of the countries have the control of the value of that value of country, implying the currency, or the money. Those which are often implied on the markets of FOREX include banks, large companies, governments, and financial institutions.

What returns the market of FOREX different from the stock market?

A trade of the market of forex is one which implies at least two countries, and it can take place in the whole world. The two countries are one, with the investor, and two, the country the money is invested inside. The majority of all the transactions taking place on the market of FOREX will take place by a broker, such as a bank.

What composes really the markets of FOREX?

The market of foreign currencies is composed of a series of transactions and counties. Those implied on the market of FOREX trade in great volumes, great numbers of money. Those which are implied on the market of FOREX are generally implied in operations the cash, or the trade of the credit very available which you can be sold and buy quickly. The market is large, very large. You could regard as being the market of FOREX much larger than the stockmarket in any country in general. Those implied on the market of FOREX trade the newspaper during twenty-four hours per day and sometimes the trade is accomplished the weekend, but not all weekends.

You could be astonished people who are implied in the trade of FOREX. In years 2004, almost two trillion of dollars were a volume of daily exchange of average. It is a big number for the number of daily transactions to take place. Think how much trillion dollars really costs and then times which by two and it is the money which changes hands day labourers!

The market of FOREX is not something new, but was employed during more than thirty years. With the introduction of the computers, and then the Internet, the trade on the market of continuous FOREX to develop like more and more people and the companies realize of the same of the availability of this commercial market. The FOREX explains only approximately ten percent of the total trading from one country to another, but while popularity on this market continues to develop thus this number could.

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Global forex trading(forex, of course, meaning the foreign exchange market) has become more and more popular in the last few decades, mostly due to the advent of the global economy. Never before has our economy been so intertwined with every other country’s. It’s perfectly common now for people to convert large amounts of money into various foreign currencies, then back again. The forex market is the largest market in the world, and includes everything from banks to governments to independent speculators. The daily volume of the global forex trading market exceeded four trillion dollars on average last year, making it a very attractive market to get involved in.

Several things separate global forex trading from other markets. Its trading volumes, the large number and variety of traders, the global dispersion, the variety of factors affecting exchange rates, low profit margins (but profits are often very high because of large volume trading), all contribute to make the global forex trading market the closest thing to the “perfect competition.” Foreign exchange has more than doubled since 2001.

Another way that global forex trading is separated from other markets, for example the stock market, is that it is divided into different levels of access. In the stock market, all competitors and investors have access to the same prices. In the global forex market, however, the inter-bank market is at the top. As the access level drops, the spread (that’s the difference between the bid and ask price) widens, though it’s still possible for a low-access individual to make large amounts of money.

While there isn’t a central market for forex traders, there is next to no cross-border regulation. Global forex trading is often referred to as OTC (over-the-counter), which makes for a large number of intertwined marketplaces. Therefore there isn’t so much a single exchange as a number of separate rates or prices, depending on which bank is doing the trading, and where it is. Differences in exchange rates are usually caused by changes in GDP (gross domestic product), inflation, interest rates, budget and trade deficits or surpluses, and other large-scale economic transactions and events.

Global forex trading is something not many people consider for investment (who would think that so much money lies in money), but worldwide forex trading continues to flourish for a reason. Individuals all over the globe are investing in the forex market and making thousands of dollars every day.

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Ever since the introduction of automated forex trading systems, there has been a surge in interest in this type of trading. Small and mid level investors are now getting into the foray of what was once only dominated by banks and other large financial institutions. This market deals with trading the currency of one country for that of another country. Because trillions of dollars are traded 24/7, it makes this one of the largest and most active financial markets.

The advent of internet and advance communication technologies coupled with automated forex trading systems, today anyone can join in the trading provided he has a computer with an internet connection, a forex brokerage account and good knowledge of how trading works. Close and constant monitoring is required if you want to keep your position as the global market never sleeps. Automated systems allow you to pick up a currency and record the asking and selling price. With the help of a broker and your seed amount, your purchase and sell orders would be carried out immediately.

The automatic forex trading systems can help you reap the profits of the market despite the fact that you are not a professional trader. When you trade through managed accounts, the automated system carries out the work for you. You save a great deal of time with these auto systems since you do not have to carryout the trading yourself. Unlike manual trading, the auto systems allow you to manage multiple accounts simultaneously with the help of a trading platform. The biggest advantage of these programs is that you are allowed trading many systems in many markets.

You can use automatic forex trading systems any time you like and it does not require your presence. There is no chance of missing any profitable opportunity even if you are not present in front of your computer. You are then free to use the various forex strategies and multiple systems. Different trade factors impact different systems; you can therefore direct your investments and control risks.

To eradicate human emotions which often come in the way of making logical trading decisions, these automated forex trading systems are indispensable. You can now have the capacity to manage several currencies and monitor and trade them too.

Using an auto forex trading system does not spare you from learning the basics of trading, fundamental and technical analysis, study of market indicators, etc. Several factors and conditions control the market, so no automated system can assure you of profits all the time. You can customize the automated forex trading system according to your specific requirements.

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Are you an experienced or a novice trader?

How are you doing so far? Are you doing great? If so, that is freaking cool!

You happen to be one of the five percent of the currency traders that make it. You happen to have your stuff together and now make a decent living. You probably either do a daily scalp trading effort, where you wake up early in the morning, and trade the open intraday markets of Europe, england, and the US.

You profit off of the depressing decline of the dollar, and constantly hear the bickering of how your friend’s paychecks at their jobs are getting smaller.

OK!

Maybe you happen to be a long term position trader. You take a longer term bet, where instead of the previously mentioned scalp trader, you cast your bets on a currency pair that may have a movement in the longer term. You may either use more lots or less lots per position. You have decided that your days are better being spent driving your Mercedes-Benz, or Lexus to the Country Club, talking to real estate gurus twice your age, making fun of their horrible chip shots while eating some great club cuisine.

ALRIGHT FINE!

You are neither of the two previously mentioned, and maybe the other 95% which haven’t fared so well in their currency trading adventures. You probably have lost your shirt at least once, and you have either given up, or you are looking to keep your chin up and keep trying. You probably have another work-at-home income stream, or maybe working for another scumbag, making his egotistical self richer.

Believe it or not, there is one thing in common for the three of you… And that is all three of you are forex traders!

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Welcome to GoForexTrade.com

Forex Autopilot and Forex autopilot system are two phrases that has been playing an important role in Forex trading. Why do many Forex trader searches this kind of tools. Forex Autopilot and Forex autopilot system are both automated Forex trading system. They help even a beginner to make huge profits to the largest market we have today. They also help those people who have little knowledge about Forex trading. Many trader thought that they are exactly the same. Little did they know that they are different from many aspect. So, let’s make the story short, how can you distinguish a Forex autopilot to a Forex robot.

Forex Autopilot is designed by Marcus Leary, a mathematician who turbo charged his trading profits and brought the entire industry crashing to his knees. The system run on autopilot meaning you don’t have to spend a lot of time checking your trade and profits. You just have to wait for your money to grow. It is a trading system that will show you the exact knowledge and training that will allow you to side step your competitor and super charge your income in to six figure. This system is a fully profitable business model in place guaranteed to make money. This system involves three simple and easy steps.

1. Download the Forex autopilot in to your hard disk.

2. Install and configure. Open a real demo account with our broker.

3. Run the advisors to your account and watch your business grow.

Meanwhile, Forex Autopilot System is also known as the automatic money making trading robot and PAFS. It has been designed by Mark Copeland, a senior quantitative analyst in Goldman Sachs. He uses his 8 years experience as an opportunity to research at the huge complicated system that the Forex expert uses to make killer trades for million dollars. He claimed that Forex robot is not just autopilot trading system but also a profitable system that let you possibly earn thousand of dollars a day. Forex autopilot system doesn’t required any Forex trading experience and a fully automated black box software. Forex Robot is the only system with low risk and high gains up to thousand a day. It is a system that works in any country. It was just a system that you have to install and run. Forex Autopilot System will tell you exactly what to do and when to trade. The system will come along with a guide which instructs you step-by-step how to setup the system and use the system to trade. It will take you about 15 minutes to read the guide and 5 minutes or so to complete the setup and run the system. All the steps involve no cost. In Forex Autopilot system, the advisers given by the system has been explained. Your success with this system depends on your capital.

Based on my own reading, both of them really works but they don’t want to make any outrageous claims. Everyone knows that Forex trading involves risk, and sometimes software and machines are not as accurate in making decisions as human beings. It is time for you to choose and decide the perfect tools to use in trading.

I will recommend that you do some research and reading before you trade. Read more of my Forex reviews here!

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Firstable, What is the Forex Market

The Foreign Exchange Market (Forex) is a market where currencies are traded. Currencies such as the Euro, the US Dollar, the British Pound and many others are traded in the trillions every day.

Why?

People buy and sell these currencies because they fluctuate throughout the day making opportunities for the traders to make a quick profit. Because the movements are normally just cents the profits are small, but if you combine it with a big number of trades per day you’re looking at a hefty profit.

Forex History

Since 1874 to the First World War the gold standard ruled the world economy. Every money that was printed had to be backed by gold. Once a country’s economy started to climb, they needed to import heavily to keep up with the amounts of goods being sold. As this happened, since the only tradable currency a country had with a another was gold, their gold stock was depleted and it no longer represented the amount of money that was in circulation. This created inflation. The country’s economy soon came to a recession making the value of goods so cheap that other countries started to import from them having them fall in recession themselves while the other country recuperated.

As you can see this system offered a highly unstable economy. In 1944 nations got together to prevent currencies from fleeing across nations, and so the Bretton Woods Agreement was signed. The price of gold was set to $35 per oz and all other countries would do the same, setting their currencies to gold. If Britain set it’s oz of gold to 70, that means that to buy 1 US Dollar would cost them 0.50 Pounds. This prohibited speculation of currencies.

In 1971 the Gold Standard ended in 1971. The currencies of the world were no longer backed by gold which opened way to economic tools such as monetary policy. The value of the currency in each country was now what the market said it was. It’s value was represented by how well that countries economy was doing.

Forex History - A New Era

With the advances in technology, computers and the internet made Forex possible. Now people from around the world can speculate and trade currencies as they see fit. Along with computers came software that analyzed the market trends. Having almost unlimited analytical power, these softwares are able to examine huge amounts of historical data in order to make trade suggestions or even trade decisions for the user making profits without their focused attention making Forex history.

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Remittance is the transfer of money from one point to another; a transaction usually made by foreign workers and immigrants to send money to their home country. Money remittances serve as one of the largest types of financial transactions in the world, with remittances to developing countries reaching £83.9 billion in 2005, and close to £125.6 billion in 2006. This figure is more than twice the amount of international aid.

Remittances are considered a lifeline for people in developing countries. With the relative strength of currencies from developed countries, the money sent regularly to homes could be much more compared to the average salary in developing countries.

The increasing role of remittances in families’ incomes is starting to play a role in national development policies. Since one needs to open a bank account to receive remittances, governments can leverage remittances to promote economic development.

For example, the strength of the Philippine Peso and the Indian Rupee is based on the volume of foreign currency sent. The large amount of foreign currency that is transferred to these countries helps moderate local currencies. In South America, remittances account for almost 10% of the GDP in six Latin American and Caribbean countries.

An increase in money remittances is a symbol of a globalised economy, as more migrant workers from developing countries travel to the developed world to work in various jobs where domestic manpower is not available. Remittances are also valuable sources of domestic investment to aid economic goals.

Remittances can also be a crucial source for supplemental income during natural disasters and calamities. Money transfer services are also employed by non-government organizations and charitable institutions, so they can effectively mobilize their programs during a crisis.

Various remittance agents and money service providers facilitate money sent from one country to another. In India, cash2india.com or Xoom.com handles online-to-offline money remittance. With their online facility, you can transfer money from the UK to be picked up or delivered to the receiver in India. The global leader in money transfer services is W Union. With their long history in this industry, you can find a W Union branch almost anywhere on the globe.

Popular online facilities are also used for remittances. The easiest way to transfer money to india is Paypal, the largest and most widely used online money transfer in the world. A leading alternative to Paypal widely used in UK and the rest of Europe is Moneybookers. More and more international and local money transfer services facilitate remittances from UK to all parts of the world. The cost of money transfer varies depending on the type of service and the geographic cover of operations.

The top remittance countries in the world are mostly from Asia. In the period between 2006 and 2007, £13.5 billion worth of remittances were sent to India, followed by China with £11.3 billion. Third on the list is Mexico followed by France and the Philippines. Remittances will continue to come from UK, US, and the rest of the developed countries to these developing economies.

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FINANCES: CREDIT CARDS AND LOANS

1. Create a budget and be realistic about all your incomings and outgoings. Make sure you know exactly what money you have and when you will have it. This will help you plan for events such as birthdays or holidays when you may need a little extra cash saved up.

2. Make sure you are getting the best possible interest rate for your savings, opening an online savings account could receive a higher interest rate than a regular current account.

3. Missing your credit card minimum payment dates will hit you with a big charge, so set up a direct debit payment to make sure you never miss the date by accident.

4. Lots of credit cards now offer cashback or points on your purchases or gift vouchers when you first sign up, so make sure you shop around before choosing your credit card. However don’t just choose a card because of a one off benefit, you have to look at the overall package.

5. Don’t be scared to transfer to another credit card with an interest free promotional period as lots of credit cards offer this now. However make sure you transfer to a different one before the promotional period is over as you could be charged with a higher interest rate once it has ended.

6. Keep your credit history healthy- this will make it easier to transfer to different credit cards when you need to.

7. Don’t sign up to department store credit cards even if they do offer you 10% off your first purchase, they charge you a very high interest rate, high late payment charges and are too tempting to have in your wallet while you are out shopping!

8. Don’t get yourself into a mess with paying your mortgage. If you are struggling to pay your monthly payments, speak to your provider about taking a mortgage payment holiday which is better than simply defaulting on your payments.

9. If you have a little extra money, pay more on your credit cards or loans instead of spending it on a treat. If you can pay your debts off quicker, you will pay less interest.

10. If you have been stung in the past by large bank charges, try to reclaim them by writing to your bank. If you think your bank charges are significantly higher than other banks, think about transferring your account.

11. If you travel a lot, use a credit card which doesn’t charge you for using it abroad. Some credit cards charge 2.5% for using it in a foreign country, however there are some that do not charge this fee if you shop around.

12. If you are worried about your finances, get free help from your local Citizen’s Advice Bureau, they understand what troubles you may be facing and are trained to help you think of solutions.

13. Make sure you are claiming any benefits that you are entitled to such as Child Tax Credit, Working Tax Credit. The forms can take a while to fill out and it can be confusing about what you are entitled for but you can go to your local Citizen’s Advice Bureau to help with any queries.

SHOPPING

14. Do you shopping online, this will stop you having to pay for buses or parking and you are more likely to buy what you need when you are online.

15. Join Internet Cashback to earn cashback while you shop online and get access to discount codes which aren’t available in the shops. Earn cashback on a variety of products including your food shopping, clothes shopping, credit cards, insurances etc. Download the Cashback Detector and you will never miss out on cashback while shopping online again!

16. Don’t buy everything from the usual high street shops; use a price comparison website before you buy anything to make sure you are getting the best prices, which could point you to an online shop you have never heard of before with the cheapest products.

17. Try not to impulse shop! Don’t buy something as soon as you see it; give yourself time to think about it so you can see if you really need it. This will also give you chance to shop around for the best price.

18. When buying your groceries try the supermarket’s economy range. You’ll find most of it tastes the same but is half the price, so don’t be put off by the packaging. Supermarket economy ranges are also good for toiletries, medicines and cleaning products.

19. Have a spring clean and sell anything you don’t want or use anymore on Ebay- it is really quick and easy to sell on Ebay now.

20. Do your grocery shopping at night if you can, as supermarkets such as ASDA or Tesco often reduce the price of food like bread, milk or cakes at the end of the day to make sure they sell it.

21. Before you go shopping, make a list of what you need and then stick to it, if you don’t know what you need, you’ll be more likely to overspend.

22. Don’t buy your daily cup of coffee from expensive coffee shops because they are too expensive. A £2 cup of coffee every day will cost you approximately £60 over the whole month! Take a flask out instead!

23. Take a packed lunch to work instead of buying it everyday, it will work out much cheaper especially if you’ve managed to get your bread reduced for your sandwiches the night before.

24. Don’t buy ready made meals; they’re expensive and not very healthy. If you get yourself organised you can cook a meal from scratch in about 20 minutes. It’s healthier and much cheaper.

25. Only buy what you need to eat, buying too much food means it’ll go out of date fast and you lose money on it.

26. Use the leftovers from your evening meals for your lunch the next day, as long as you keep in the fridge it will still stay nice and means you won’t need to buy your dinner out.

27. Always look out for special offers, coupons and discounts. Bulk buy if there is a special offer on something you regularly use, for example a BOGOF on toothpaste however don’t just buy something because it is reduced!

28. Don’t feel you have to be the first person to get the latest products, for example a mobile phone could cost £300 when first launched but could drop to only £50 in the next year.

29. Plan your family and friend’s birthday and Christmas presents in advance by buying them during the sales. If you have enough storage, you could buy your Christmas presents for the following year in the January sales.

EVENING ENTERTAINMENT AND LEISURE

30. Stop eating out at restaurants at evenings and weekends so often. It’s easy to get lazy and head out for dinner but you’ve got to remember that your meal will cost a lot more in a restaurant than it will cooking for yourself.

31. If you do eat out at a restaurant, try to skip the starter and only have two courses which will save you money without ruining your evening. Also, try to resist the coffee at the end of the meal, you can get one at home for much less.

32. Find a restaurant where you can take your own bottle of wine! These are quite common and will mean you are not paying restaurant prices for your drinks.

33. Take it in turns for you and your friends to throw a dinner party. This is much cheaper than going to a restaurant and is often more fun especially if you have themed evenings.

34. If you are going out for the evening, don’t go too early and have a few drinks before you leave. You will spend much less money but will still have fun!

35. If you have an expensive gym membership and do not use it then cancel it as it is a complete waste of money. Try walking instead or using your local leisure centre which will be much cheaper than a gym membership.

36. If you pay to go to a slimming club, consider starting your own with your family, friends and neighbours instead. You will still get the same motivation but will save on the weekly cost.

37. Don’t pay full price for cinema tickets as most cinemas offer cheap weekend or daytime prices, and if you know someone with an Orange mobile phone you can get 2-for-1 tickets on Wednesday’s with their Orange Wednesday promotion.

38. During summer holidays most council’s have free or cheap events for families and children to take part in, so make sure you hunt around to make the most of what is offered.

39. Libraries are a great place to take the children on a rainy day and are great for adults too as many now stock not only books but CDs , DVDs and magazines.

40. Share the cost of events with your family and friends, for example if you love football then buy a season ticket with your friends and take it in turns to go to the matches. This way you might miss out on some matches but that’s better than missing out on all of them.

41. Try and find a market research group in your area which will pay you very well for telling researches what you think of specific products or ideas. These are enjoyable to do and you are provided with refreshments while you are there.

FASHION

42. Aim to build your wardrobe up with classic pieces that match. This way you will be able to interchange everything, so you won’t have to buy as many new pieces.

43. Go to the factory or clearance shops; they’re much cheaper and give you big brands at low prices and chances are, nobody will know where you bought them from!

44. Try to save your shopping trips until the sales are on. Although make sure you don’t buy things just because they are cheap if you don’t actually need them and take them back if they don’t fit as many shops do not open their fitting rooms during busy sale times.

45. Go to your local charity shop for cheap clothes! Remember, the majority of celebrities shop in charity stores because that’s where all the quirky stuff is so you will be in good company!

46. Don’t splash out on designer clothes for your children. Hand-me-downs and supermarket clothing ranges are a great way to dress your children cheaply and they probably won’t even notice the difference.

47. Learn how to sew and fix your clothes, not only will you be able to sew any holes or rips, you will also be able to customise your own clothes to make one off pieces.

48. Return clothes for a refund that you have bought and then realised you don’t like, don’t just let them sit in your wardrobe with the tags on.

49. Don’t avoid the cheaper shops such as Primark, they are great to stock up on your simple wardrobe necessities such as t-shirts and nightwear.

UTILITIES

50. Only buy home appliances that have been certified as energy efficient, they may cost more to start with but you’ll save more over time on running costs.

51. Replace your old light bulbs with energy efficient light bulbs as they last longer and save you money.

52. Lower your heating thermostat. If there are rooms that you don’t use in your home then turn off the radiator and close the door. If you live in a 2 storey house, you can turn the thermostat down even further upstairs because heat rises. By turning your heating thermostat down 10-20 you will be surprised at how much energy you will save per year.

53. Install more insulation in your attic, replace old curtain liners with new insulating curtain liners and seal any draughts. If you have a big enough budget, install double or even triple glazed windows, these are very efficient means of insulating your home, saving you money on heating costs. They also boost the value of a property significantly.

54. Turn off the lights if you aren’t in the room and make sure everyone in your house does the same. There’s no point in being charged for light that you don’t use. Simple as that!

55. Don’t leave electrical appliances on standby as they still consume electricity. Turn them off at the wall and you could save up to 10% off your electricity bills. According to reports, the UK government is bringing in legislation that will make it compulsory for all new appliances to not have a standby mode because of the huge waste this brings.

56. You can save a lot of money on your water bills very easily, always shower rather than bathing and spend as little time in the shower as possible.

57. If you have a big home with few occupants you could halve your annual water bill by installing a water meter.

58. Turn your washing machine down to 40. Unless your clothes are heavily soiled a wash on 30-40 will still bring them out sparkling clean!

59. Don’t be lazy by sticking with your current utility company, shop around and make sure you are getting the best deal; you can use utility comparison sites to help you see which company will be best for you and use Internet Cashback to earn up to 37.50 pounds for switching utility companies.

TRAVEL

60. Book flights early and save money. While many of the budget airlines will fly to a regional airport, it may actually cost less to fly into an airport closer to a city center (if you are going on a city break) as you won’t have to pay for a taxi to your accommodation.

61. Budget airlines such as Ryanair are now charging per bag checked into the hold in an effort to speed up their turn around times. If you can, pack what you need (minus scissors, liquids etc) into your hold baggage. This also means you don’t have to wait round to pick up your baggage at arrivals.

62. Book hotels online rather than walking in unannounced and being hit with the typically higher walk-in rate.

63. Buy your car rental online rather than arranging for it when you arrive. Car rental is a competitive market and there are plenty of money-saving offers available.

64. If you are planning a journey by train or bus then book early, look for offers and do not travel in peak times. If you buy your ticket on the day of travelling it will be significantly more money than if you book in advance.

65. If you are on a long train or plane journey, buy your refreshments before you board as drinks and snacks are always over priced once you are travelling.

66. There are lots of websites which will send you free samples or money off coupons so find the best one and keep checking it for the samples you want to receive. Shampoo and body lotion samples are great to take on weekends away!

COMMUNICATIONS

67. If you don’t use your landline phone often then change to a pay as you go mobile phone, it is silly paying for line rental if you don’t use it.

68. If you don’t use your internet broadband often then cancel it and make use of free wireless internet in most restaurants, cafes and bars. You simply take your laptop and connect to their wireless for free (although it might cost you a cup of coffee!). You can go to your library and use their computers for free and even have access to their printers and photocopiers for a small cost.

69. If you are on a monthly mobile phone contract, think about going pay as you go instead. You will have much more control over what you spend, and you’ll be surprised at how many people will call you instead of you calling them!

70. Send an email instead of phoning or texting people. Most customer services departments will answer emails now if you have a problem with a service such as your utility bill which means you won’t have to ring their premium rate customer services phone number. You can also send your family and friends emails instead of calling them and even send birthday cards by email to save on postage.

71. There are lots of websites which let you send text messages to mobile phones for free so you won’t use up your credit texting while you can get online and use a messenger service such as MSN Live to talk to your family and friends over the internet for free.

72. Get a Freeview digital box and cancel your SKY or cable TV package. Freeview has lots of free channels and you can now watch the majority of TV programmes on the internet, so you won’t be missing out on your favourite shows.

AROUND THE HOUSE

73. If you have a spare room, advertise for a lodger. There are lots of people who just want a room during the week while they are at work, so you would still get your privacy at weekends. If you live on your own a lodger can provide you with great company and will help pay towards your bills.

74. Don’t be wasteful with products such as toothpaste, body lotion or foundation. When you can’t get anymore out of the tube, cut it open and you will be able to use the bits you couldn’t get to.

75. Re-use old ice-cream tubs or take away packaging, you can use them for freezing food or taking your packed lunch into work.

76. If you have a pet, don’t go out buying expensive bedding from the pet shop, recycle the waste paper from your office or buy your own shredding machine at home and shred up your old newspapers.

77. Only fill the kettle with the amount of water you need, filling it up full wastes energy and takes longer to boil so you’ll have to wait longer for your drink!

78. When you use your washing machine, make sure it’s full every time, if you just have a few items to wash then hand wash them in the sink.

79. Instead of drying your clothes in the tumble dryer, hang them outside or in rainy weather hang them over a clotheshorse. This will also keep your clothes nicer for longer as tumble dryers tend to shrink your clothes!

80. Learn how to make your own cleaning products which are as effective as the products you buy in the shop and you can often use the ingredients you already have in your kitchen cupboards.

81. Grow your own fruit and vegetables in your garden or rent an allotment, especially if you give the vegetables to your pets. Seeds cost virtually nothing compared to the actual products themselves.

MOTORING

82. Downsizing your car could save you 100s of pounds each year in both fuel and road tax so if you are just making journeys to and from work you should seriously consider getting a smaller, more efficient car.

83. Don’t renew your car insurance without shopping around first. Use a price comparison site and you could save £100s every year by changing to a cheaper provider.

For a price comparison service go to CompareTheMarket.com.

84. If you travel to work on your own, try and start a car pool with colleagues who live in your area, not only will this save in petrol costs, it will also keep your car miles low.

85. Don’t jump in your car for all journeys, if you can, walk or cycle and you will save money and get fitter.

86. Start a school run with other parents in your area if you drive your children to school or consider walking them there instead if it is in a walking distance.

87. Don’t drive too fast, the RAC claim most car engines run far more efficiently at 60-70 miles an hour, compared to 80 mph or over.

88. Check your tyre pressure regularly; if your tyres are under inflated by 20% then you’ll use 10% more fuel.

89. Don’t pay to get your car cleaned as it is a waste of money, set aside 30 minutes each week to wash it yourself.

MISC

90. Instead of buying a daily paper, read the news online. Most newspapers have regularly updated websites which have all the news stories for free which could save you approximately 15 pounds per month.

91. If you smoke, try to stop or cut down. The NHS has lots of free services to help you do this and it will save you £100s each year.

92. Monitor how much alcohol you drink. If you are having a few glasses everyday, try to cut back and only have it for special occasions.

93. Don’t spend money you don’t have on gambling sites, especially ones online. It is easy to lose track on how much money you are spending and more often than not, you will lose this money. Try premium bonds instead if you want to try your luck as this way you will not lose your money.

94. It may be cheaper for you to pay for your prescriptions in advance with a pre-payment certificate if you pay for more than five prescription items in four months or 14 items in 12 months.

95. Buy generic medicines when you can, a 16 pack of Anadin costs approximately 2.99 pounds however a Sainsbury branded pack will only cost approximately 33p.

96. Cut and colour your own hair, or get your friends to help you. There are lots of great DIY colour kits out there to give you a new look for under 5 pounds and a pair of clippers won’t set you back much. Be careful though!

97. Pretend it’s your birthday on a night out and you might get a free birthday cake or glass of Champaign.

98. Don’t lose all of your loose pennies, save them up in a jar and at the end of the year you will be surprised at how much money you have collected.

99. Make saving money fun! Saving money doesn’t have to make you miserable! You can still see your friends, buy yourself treats and go on holiday; you just have the added advantage of feeling proud of your finances instead of hiding away from them!

The author of this article is a keen blogger regarding cashback deals for retailers’ such as for ASDA and affiliate marketing programmes.

Considered as the largest trading market on earth, currency trading is pegged to be trading over USD 2 trillion everyday. This figure greatly dwarfs the performance of the New York Stock Exchange, which gathers an estimated USD 50 billion each day. This comparison alone while help you imagine just how big a business currency trading is. Before anything else, you might be prompted to ask, “What is currency trading?”

Also known as Foreign Exchange, Forex, or FX, currency trading attracts a lot of investors in that it is a very liquid market to invest in. The potential for profit is huge but the risks too, are very high. Unlike the stock exchange, forex accumulates a huge volume of traders. The margins may be low, but the significantly big number of traders makes up for it. In effect, when you profit, and you invested a significant amount, you’d cash in on a very high profit. What is currency trading to some investors who can afford to lose is such a big risk to those who aren’t too fluent about the business yet.

A nation’s currency has a value in relation to another currency. As one buys and sells currency, one finds out that there are pairs of currencies that get traded 85% of total volume: US Dollar (USD) and Japanese Yen (JPY), Euro (EUR) and USD, USD and Swiss Franc (CHF), USD and Canadian Dollar (CAD), Australian Dollar (AUD) and USD, and British Pound (GBP) and USD.

Why do currencies fluctuate now and then?

Current values fluctuate due to its movement. Simply put, when one is in a foreign country and wishes to shop, he will have to convert his native currency to the currency of the country where he is. When he goes back home, he will then have to convert any remaining foreign currency in his pocket back to his domestic currency.

Another reason why there is constant fluctuation in currency values is speculation. Investors, who speculate about how strong or weak a currency will perform at a given time, buy or sell currencies accordingly. Drastic buying or selling has significant impact in a nation’s economy.

What is currency trading against stock exchange?

Stock exchange is another business that attracts big volumes of business but forex is much larger. Aside from the volume here are some advantages of currency trading over stock exchange.

• There are no commissions to pay since you only pay the bid or ask spreads.

• Trading business is done 24 hours a day, 5 days a week so you can trade when you want to.

• There is more focus on what currencies to trade as compared to over 5000 stocks to choose from.

• Forex is now open to every one and there is no need to have so much money before one can start trading.

• Internet not allows online currency trading so forex is no longer just for large banks, or big businesses.

Now that you have some idea what is currency trading, you can start considering if this is a business you’d like to venture in soon. There are a lot more to forex so it is best that you continue doing some more research about it so you can begin trading properly.

What is currency trading? Forex Review Insider shows you which Forex markets are the best to get into and which ones to stay out of. Visit http://www.ForexReviewInsider.com to learn about the most profitable Forex trading systems.