Peko Money Tracker Cash Out 1 - forex trading with zigzag indicator

Peko Money Tracker Cash Out 1 ~ forex trading with zigzag indicator

1st cash out! 

It is an app where you play little mini games in the form of roulette with other users to earn points. Bonus points are rewarded if they are within 3 miles from your location and also when they respond within 10 minutes from the time you Peko them.

After 2 short days and a couple of invites i finally managed to accumulate 100k points and be eligible for cashout! Ok, 30 cents was deducted but hey i still managed to get 

USD 9.70 transferred to my paypal account. 

What is important is that I have proven that this app is not a scam and it pays out real money to play!

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Should I Open An OCBC 360 Account - forex trading.co.za

Should I Open An OCBC 360 Account ~ forex trading.co.za

The interest rates for the money we put in our banks here have always been low. And they are consistently in the region of 0.01 to 0.05 percent per annum. 

An interest rate war recently started between DBS and OCBC offering higher rates than the rest. 

DBS offered the Multiplier scheme which enable you to earn a maximum of 2.08% more on your savings. However, to fully benefit from this scheme, you would require to credit a salary of SGD15k which is a tall order for many people.

The OCBC 360 account is probably a better option looking at the following criterias;

3 criterias to be met in order to earn that 3.05% interest. 

1) Credit your salary into this account every month. (min SGD 2,000)

2) Spend $400 every month on your OCBC credit card

3) Pay 3 bills from this account every month 

The first and third condition is fairly simple as crediting of salary just requires a one-off arrangement and bill payments, oh i have lots of bills, therefore 3 bills is no problem.  However, to spend $400 using of credit card might require some carefully planning as not every one my purchases are feasible to use credit card. But the best part of this is that by simply fulfilling any of the criteria, i would already earn 1.05% which is higher than most banks and as interest earned are credited every month, i can earn the interest next month if i do not fulfill its criteria this month. 

 OCBC 360 is definitely the way to go!

Update 2016
The interest rates and requirements have changed. Click to their page to find out more. It still offers the highest rates in town. 

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The managemet of the risk - forex market hours monitor

The managemet of the risk ~ forex market hours monitor

The second principal component of a trading strategy is the management of trading  risk. Many isolate and identify many different forms of risk. To some extent, these different categorizations of risk can prove helpful when designing ways to manage them.

The New Oxford American Dictionary defines that aspect of risk of interest to us as “The possibility of financial loss.” Trading risk is defined as “The possibility of financial loss from the activity of trading or investing.”

This does sum it up rather well.No matter how many ways one chooses to view, define, and label risk, it is central to the understanding of trading risk to know that it is result of exposure to loss from any open trading position. Put more simply, if you have a position in a market, you are at

risk of losing money. Of course, you can make money in trading only by taking positions in the market.

One might say that this is the central dilemma of trading. To profit from trading, we must incur risk. As they say, “Nothing ventured, nothing gained.” However, and this is the bottom line, without the successful management of risk, there will come a day when we will no longer be able to

trade because of the cataclysmic trading losses that have come from our unmanaged risk.

The essence of good risk management is to risk as little trading capital as necessary so as to maximize profit. This is easy to say. Doing this well, however, is one of the most difficult aspects of trading strategy design.

Risk can be broken down into three broad categories: trade risk, strat- egy risk, and portfolio risk.

The definition of trade risk is: “The possibility of financial loss from an individual market position.”

The definition of strategy risk is: “The possibility of financial loss from the use of a trading strategy.”

The definition of portfolio risk is: “The possibility of financial loss at the portfolio level (potentially multistrategy, multiple time frame and mul- timarket) from the sum total of all trading therein.”

Let us examine each of these forms of risk in more detail.

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