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Forex Strategies That Work

Sunday, April 24th, 2011

What type of Forex strategies work? This is a very basic question that you need to answer before you learn to trade or invest your time and money into Forex education. Generally there are a few characteristics that all truly effective and worthwhile Forex strategies will possess. The most important aspects of truly effective forex trading strategies include the following:

  • High-probability setups. Effective Forex trading strategies will provide high-probability trade setups for you to take advantage of in the market. These strategies should not be difficult to identify or learn.
  • Simplicity. As alluded to in the above point, the most effective Forex trading strategies and systems are not complicated. Most professional traders are using simple trading methodologies or systems that are based on simple principles of classic technical analysis methods. No need to use expensive “robot” trading systems or indicator-heavy trading strategies.
  • Actually teaches you something useful. The forex trading systems and strategies that actually work are the ones that teach you something useful, meaning they teach you a way to think about the markets; to fish for yourself instead of being “fed” a fish. Markets are dynamic and constantly changing, so you need to use a trading strategy or system that allows you to adapt and make sense of these changing conditions.
  • Effective. The Forex trading strategy that you choose to employ in the markets should be one that has been effective for other traders in the past. Ideally, you want to learn a trading strategy from someone who is currently successful with the same strategy. This would be a Forex trading mentor or trading coach who has dedicated some of their time to sharing their knowledge of successful Forex trading with the world.

Some of the things you want to steer clear of in the Forex trading world are systems or strategies that are entirely based on lagging indicators or that are based heavily on lagging indicators. Also, you want to avoid Forex trading programs that are nothing more than black-box trading systems which don’t allow you to develop any discretionary trading skills.

Forex strategies that work will contain the characteristics listed above, however, this short list is not complete, there is a lot more that goes into making a particular Forex strategy effective. Success in the markets is a result of having a truly effective Forex trading strategy combined with the proper amount of self discipline as well as passion for trading. It is extremely important that you learn early on to manage your emotions effectively when interacting with the markets, if you don’t learn to control your emotions you will very quickly lose all your money to other players in the market who ARE managing their emotions effectively. Essentially, success in the markets boils down to two main things: having an effective Forex trading strategy and having the ability to effectively manage your emotions on every single trade you take. If you can obtain these two things you will have no problem becoming a consistently profitable Forex trader.

Article Source: http://www.articlesbase.com/currency-trading-articles/forex-strategies-that-work-4671710.html

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Improve your trading by learning to trade off of simple yet highly effective and efficient forex trading techniques. Click here for more information: forex systems

What makes Farringdon such a great place for work?

Sunday, April 24th, 2011

It could be that you query this yourself if you are thinking about relocating your company to Farringdon and want to focus on a site which is tailored to your corporation’s requirements and the necessary specifications of your staff.

Following talks with the staff at officespacefinders.com here is a list of the most important areas in which Farringdon can offer to your business:

The available night life isn’t necessarily top of your list when it comes to selecting an office but it can be a vital ingredient to keeping your staff happy. This is because it can provide them with a convenient location to have a drink after work and let their hair down, which will then act as a morale booster. The result of this is that it can really improve their overall experience of their job. Farringdon is outstanding for local amenities, restaurants and night life and it could provide the all-round perfect solution for your office search.

Your office might be unsuitable for you if it’s looking a bit shabby and doesn’t have contemporary features. For example, it could have few power outlets and not enough wiring, which means that you might not be able to function as a company. Moreover a shabby office may not be the best idea if you want to impress clients – a poor office could give them the wrong impression. You may be intent on improving your company persona, in which case there is a diverse array of modern offices in Farringdon that can meet your requirements with ease.

The offices in the Farringdon locale boast a lot of floor space, which is well-suited to companies that wish to expand. In fact, there are a lot of offices within the Farringdon area, which could be very much what a growing business needs. If your company has shown rapid growth within the last 6 months then a Farringdon office may be exactly what you are after. Furthermore, your company may have different departments such as legal and human resources, meaning a hefty amount of floor space would be essential.

It can be expensive to rent an office, so if you are displeased with how much it costs to rent your office space then you may be hoping to track down new Farringdon offices. Fortunately there are numerous offices in Farringdon that vary in price, depending upon your personal budgetary constraints. That means you can get an office in Farringdon without it burning a hole in your pocket. As a result, if your lease agreement is about to run out, an EC1 serviced office from officespacefinders.com could be the affordable and suitable choice for you.

Having premises in a well known area is necessary for a selection of businesses and one particular reason is that it is advantageous to be based in close proximity to businesses in the same sector. This is because without a network of surrounding businesses a company can feel out of touch and far away from clients. Just imagine if your company needs office supplies or even specialist equipment that is specific to your industry, then being in a good location could be great news. This is the reason why a number of firms have chosen to move into offices in Farringdon town centre instead of some isolated area on the boundaries of the region, it proves fruitful in the long run.

If your current office is a bit too small then you might be happy to know that the available Farringdon offices come in numerous sizes and can meet a diversity of needs. So if you have realised that your current office is just too small because you have recently hired new employees, taken on more clients or bought new equipment – then a Farringdon office may be just the ticket. If all goes to plan this should help you to meet the requirements of your clients more successfully, which will aid the growth of your company.

When you choose to lease office space in Farringdon nowadays, you can get the office altered in any way you prefer so it’s customised to your requirements. This can happen because the landlord understands that many companies have a range of requirements so to secure a new tenant will alter the office space to fulfil their specific needs. So if you want a modern kitchen fitted, to get your office split into two or get an AC unit installed then the owner of a Farringdon office could meet all of your requirements. The best bit is, most of it won’t cost you a penny!

Hopefully, you will now know why Farringdon is such a great place to work and also whether it is well-suited to the needs of your work colleagues and corporation.

Article Source: http://www.articlesbase.com/real-estate-articles/what-makes-farringdon-such-a-great-place-for-work-4662379.html

About the Author

If you need EC1 serviced office, officespacefinders.com office space consultants can assist your company to secure the most favourable rent deal on the best office suite solution.

US Expat Taxes – Everything You Need to Know

Sunday, April 24th, 2011

10 Aspects of Your US Expat Taxes You Need to Understand as an American living abroad

The United States is one of the few countries that taxes citizens on their worldwide income, regardless of where that income is earned and where they live.  Greenback Expat Tax Services is here to help you make sense of the complicated rules associated with US Expat Taxes.

This article focuses on the key areas of your US Expat Taxes that you need to be aware of. We run a weekly series focusing on different elements of US expat taxes on our website as well (focusing on these items and more) so be sure to check it out!

1- The Foreign Earned Income Exclusion

Qualifying US citizens who live and work abroad may be able to save a lot of money on their expatriate tax return by filling out the form for the foreign earned income exclusion. In order to qualify, a US citizen or resident alien must have earned income in a foreign county, a regular place of business outside the US, and must meet the bona fide residence or physical presence test. This exclusion is claimed on Form 2555, and attached to Form 1040.  If you qualify for the foreign earned income exclusion on your US Expatriate tax return, you may also qualify for the foreign housing credit, which would allow you to deduct up to $27,450 of your foreign housing costs.

2- The Foreign Tax Credit

It is common for a US citizen living abroad to be taxed by both their host country and the United States. The Foreign Tax Credit was designed by the IRS to reduce the burden of double taxation on US expats.  US citizens may elect to claim a credit for foreign income taxes paid on their US expat taxes.  This credit is claimed on Form 1116 and allows you to reduce your US tax burden by what you have paid to the foreign government.

3- Understanding Foreign Exchange Impact

When filing your US Expat taxes, it is important to note that all of the amounts must be reported in US dollars.  The IRS prefers that each transaction is converted to US dollars at the daily rate, but they are also willing to accept an average annual rate in cases of numerous transactions.  Depending on the fluctuation of current foreign exchange rates, choosing the right method can yield significant tax savings for you and your family.  For example, let’s say you received a 50,000 EUR bonus on May 20, 2010.  Using the 2010 annual average rate would translate this bonus to $66,225 USD.  However, using the daily rate for May 20, 2010 would translate the bonus to $61,335 USD.  As you can see, in this case using the daily rate would yield you a higher tax savings on your US Expat taxes than using the annual average rate.

4- Issues with Dual Taxation

Similar to the Foreign Tax Credit, the US has arranged tax treaties with more than 50 countries in an attempt to avoid dual taxation of US citizens living abroad.  Generally, the treaties work to allocate an individual’s income only to the source of earnings.  You can obtain detailed information about the provisions of each of the treaties in the IRS Publication 901 and determine how these treaties affect your US Expat taxes.

5- Social Security

As an American living abroad, you are still entitled to receive Social Security benefits.  The United States has developed agreements with 24 countries in an attempt to eliminate dual taxation and ensure benefit protection for recipients.  The Social Security Administration has issued Publication 05-10137 which helps expatriates manage their social security benefits while living in another country. Country specific information is also available on the Social Security website. Visit www.SSA.gov, then search for your specific country.

6- Do You Have to File State taxes?

Each of the fifty states varies in how they determine the filing requirements of your US Expat taxes.  Some states have no personal income tax at all, such as Florida, Texas and Washington. On the other hand, some states, such as California and Virginia, consider whether you have retained certain rights as a US citizen, such as ownership of assets, financial accounts and a driver’s license to determine your future “intent.”  If they determine that you intend to return to the state you previously resided in, they may still require you to file a tax return.

7- Foreign Bank Accounts

If you are a US citizen that has one or more foreign account(s) and the cumulative balance of these accounts exceeded $10,000 at any time during the calendar year, you must file Form TDF 90-22.1 Report of Foreign Bank and Financial Accounts (FBAR) by June 30 each year.  This form is filed separately from your US Expat taxes, and must be received, not just postmarked, by the Treasury on June 30th.

8- Dates for filing

Normally, US citizens are required to file their US income tax returns by April 15. However, a US citizen living abroad is entitled to an automatic extension to file their US Expat taxes until June 15. Despite the automatic extension, all US Expat taxes still need to be paid by April 18, 2011 to avoid any interest charges.

9- Voluntary disclosure

The IRS is currently offering an opportunity for people who may have failed to report their foreign financial accounts to get current on their US expat taxes. This opportunity will end on August 31, 2011. This initiative offers a reduced penalty to those who are out of compliance, and frees you from the possibility of criminal prosecution. In order to become current with their US Expat taxes, participants must file all original and amended tax returns and make all applicable payments for taxes, interest and penalties by the August 31, 2011 deadline.

10- Getting an extension

US expats can receive an automatic extension to file their US expatriate taxes by simply attaching a statement to Form 1040 when filed by June 15. An additional extension to October 15th can be requested as well via Form 4868.  Expatriates who need additional time to meet the bona fide residence or physical presence test may request an extension on Form 2350.  The extension is generally granted for an additional 30 days after either of the tests have been met.

The above is meant to be an overview only- please consult with a tax professional for assistance filing your US expat taxes.

Article Source: http://www.articlesbase.com/taxes-articles/us-expat-taxes-everything-you-need-to-know-4650261.html

About the Author

About Greenback Expat Tax Services

Greenback Expat Tax Services specializes in preparation of US Expat Taxes for Americans living abroad. Incorporated in New York, Greenback’s CPAs have 30+ years specialist experience in US expat taxes. We offer a flat fee ($329 for a federal return), simple process (we don’t make you do all the work!) and, most importantly CPAs who are experts in the ins-and-outs of expat tax returns. For more information and to download a free guide to US expat taxes, visit www.greenbacktaxservices.com

Cheaper electricity bills

Sunday, April 24th, 2011

How do I get cheaper electricity or lower my utility bill?

This is a very common question, especially in Winter and Summer when the use of some form of heating or cooling is in effect. There are a lot of ways to get your average electricity bill down and some of them are extremely simple to do every day. So you too can start saving electricity right now. Employing even 1 of these tactics should instantly reduce your utility bill.

  • The most common thing to get a cheaper electricity bill is doors and windows. Most people don’t even think the check for air leaks in these areas. Especially in older buildings and apartments… these are built on a budget and will develop cracks with time. An easy way to deal with this is to get a towel and roll it up over the cracks. A lot of doors, especially those leading out of the house are not snug, you can again roll up a towel and place it along the bottom of the door to stop the air escaping.
  • Keeping your blinds and curtains closed when you are out is another great way to help out the old air con unit or heater in the expensive months. Also don’t forget to turn off you lights whenever you leave a room. Cheaper electricity is as simple as remembering to do these things on the way out the door.
  • Washing your laundry in cold water is another great way to lower your electric bill costs. Your water heating unit will get a rest and your bank account will thank you for it.
  • With the use of computers being a common household occurance and a lot of households having more than 1 computer… be sure to turn them off when you are not using them. The same goes for the television. It may be a bit of a pain to wait for a reboot every time you want to use your computer again, but the cheaper electricity bills is worth it.

And finally… regarding cheaper electricity and meters.

Utility bills are often wrong. You can easily test this if you employ some of the above methods and watch your meter readings. You can then see if your bill decreases or not. A lot of energy companies do not check meters regularly and just use historical data to charge you (so whatever you got charged last year they automatically charge again).

Getting your cheaper electricity bills in such a case will be impossible until you contact your energy company and getting them to check your meter. Another common problem is that some meters don’t report correctly. I believe all the major energy companies will check your meters upon request but some may have a charge involved.

If they refuse you should contact your Ombudsman about it. They will light a fire under the energy companies butt for you.

So there is a few ways to get cheaper electricity bills. Go ahead and try some and remember to watch your meter.

Article Source: http://www.articlesbase.com/personal-finance-articles/cheaper-electricity-bills-4659731.html

About the Author

Geoffrey Tuck is the owner of the Electricity Facts website. Wind electricity and more can be found there. Check it out today!