FindLawThomson asked:

FindLaw provides tips for avoiding debs. URL: www.findlaw.com

Gilbert

Judith Stephens asked:




Spending plans are a money management tool designed to help you manage your purchases and control spending.

When you plan for the purchase, you know the amount of money you budgeted for the expense – which allows you much more control over your spending. You can set a cap on the amount you will spend. In this way, you’re much more likely to save money on your purchases because you can factor in sales items.

Grocery stores are recurring revenue systems. Stores make money week after week, often from the same consumers. A grocery spending plan – a list you take with you to the store – is your best weapon against a system designed to encourage you to spend more than you actually want to. A grocery list helps you curb impulse spending.

A money-saving tip: Do not sample food during your shopping. And if you sample, remember that you do not have to buy that caloric-loaded, lip-smacking, hips- and butt-swelling treat. It is a marketing tactic! Do not fall for it.

Another money- and health-saving tip: Make the majority of your purchases from the store’s perimeter. Stay on the edge where the fruits, vegetables, and nutritious stuff lives. The high-fat, high-sugar, lower nutritional value products are located in the middle of the store.

Make a grocery list before you go shopping. You will spend less and have what you need to prepare delicious and healthy meals for the week. Each week is different; make a new list for each trip.

If you want to go for frugality – and why not – look for coupons and sale items. Advertisers spend billions annually to get you into stores to buy sale items and all the other goodies at full price. It’s a money-wise person who takes the time to check out the newspaper before her weekly shopping excursion. Buy only what is on your list. You’ll save money, eat better and healthier, and lose a few pounds too. It’s a win-win way of managing your life, money and health.

Monitor your spending regularly. After the first month, review your progress. Have your food expenditures decreased from the months before you started relying on a grocery list? Are you eating more of the food purchased instead of tossing fruits and veggies out because you didn’t include them in your meal plans? What about your kids – are they wasting less and eating better?

What benefits have you experienced from preparing your grocery spending plans? Let me know.

Lucy

Timothy Rohrer asked:




Whether you are a seasoned trader or new to FOREX, without a good money management it will be hard to ever make a dime. Good money management will be out a great trading system any day. Without knowing how to keep losses to a minimum will only jeopardize you’re trading efforts even if you have more winning trades than losing trades.

One of the worst mistakes traders make is trading without sufficient capital. This does not mean a trader has to have a lot of money to trade with, but enough to handle the movement in the market. The trader with limited capital will always be a worried trading looking to minimize losses beyond the point of realistic trading.

A good rule to follow is never risk more than 2% to 5% of your FOREX trading capital. Too many traders open mini accounts and begin trading heavily and end up margining out their accounts in a few months, if not a few weeks. Fore example, if a trader opened a mini account for $5,000, they should never trade more than $1 per pip. This way if a trade goes bad, the trader suffers a minimal loss.

Exercising discipline and following a specific trading plan is one of the most important aspects in FOREX trading. Discipline is also the ability to continue to trade your system even after you have suffered a loss. Emotional and revenge trading can easily wipe out entire accounts. Sometimes it’s good practice to ignore the dollar amount in a FOREX account and interpret the number of trades in pips only.

Think backwards when trading the FOREX market. Instead of trying to make money learn how to protect what you already have. If in the event that a trade does not develop in a reasonable amount of time or the market begins to form an opposite setup, you should employ the strategy of cutting your losses short to protect and preserve your capital.

Always use a stop-loss when trading. This will stop your position when the market moves too far against your position. Save your money to trade another day or on another trading setup. Too often traders are convinced of where they believe the market is going and lose their sense of reality and begin to trade on hope. They remove their stop-loss and hope the market will turn around, only to lose more money.

Trade light and never risk too much per trade. When in doubt of a trade, stay out of the market and wait for the trade to come to you. Use a system and follow the system without breaking the rules. Traders who are consistent and follow a definite plan are the ones that make money in the FOREX.

Renee

Kelly Price asked:


If you want to win at forex trading longer term money management is something you must consider. When dealing on leverage, you need to protect what you have – if you don’t you will get wiped out.

Many traders make basic errors when trading and here we will look at them and give you simple tips to avoid the errors and increase your overall profitability.

1. Not Understanding Standard Deviation of Price

Ask most forex traders do they understand the above and you will be met with a blank look yet, it’s essential to understand it and volatility, otherwise you will never know how to place stops in places where the odds are in your favour.

If you don’t know what the above is, make it an essential part of your forex education as you really need to place and trail stops behind random volatility.

Placing a stop close may appear good risk control – but if the chances are high it will be hit, then you have simply gained nothing. By trying to avoid risk you can actually create it.

2. De Leverage

As you will have to have stops outside of random volatility you will need to de leverage. Many traders are in a hurry to make money and leverage up to high put the stop to close and get hit. You need to give the market room to breathe and that means wider stops and lower leverage.

3. Trade Breakouts

If you only trade valid breakouts you have a great method of risk control and an obvious stop ( below the breakout point) and if you are selective in the breakouts you take the odds of success are even higher which leads to the next trading tip.

4. Cut Your Trading Frequency!

If you only focus on high odds big breaks then the odds are on your side even more and your stops are less likely to be hit. I know traders who trade no more than once a month but make triple digit gains.

You don’t get paid for trading often in forex trading you get paid for being right – that’s all.

5. Trailing a Stop

Most traders get so excited that they have a profit they can’t bare to give any of it back so what do they do?

They bring the stop to close and get stopped out by random volatility and lose.

If you want to make money you have to take calculated risks and if you want to run big trends keep your stop well back.

A good level to trade is a close behind a significant moving average and the 40 day is a good one. Sure you will give a bit back but that’s inevitable but this method will keep you with the big trends longer.

6. Buy Options!

If you want to deal with volatility and get staying power then consider options as that’s what they give you – the ability to ride out short term volatility and providing the market trades in the money before expiry you have a gain.

The only point to keep in mind is when placing options trades and buying them to get plenty of time on your side and buy at or in the money puts and calls.

Forex money management is all about taking calculated risks at the right time and defending what you have – volatility is your enemy. Most traders can spot trade direction but fail to stay with trades simply because they can’t get their money management right.

If you follow the above tips you will take calculated risks at the right time and be able to handle and cope with volatility and seek bigger longer term gains.



Eugene

n.hendrick asked:


I am 16, but I want to be a bartender until I get my resturaunt management degree and open up a nightclub. But I need to know a few things here are my questions.

*How much does a bartender make in the Houston/Spring/Woodlands area of Texas?
*How much money in tips do bartenders make a night on average, after it is split up with the waitresses/waiters if it is split up at all?
*How many nights do bartenders work a week normally and how long are the shifts.
*What drink mixes should every bartender know?
*How much does bartending school cost?
*What is the average amount of money a bartender makes nightly?

Any other things to know that I forgot to add would be much appreciated. Thank you for your time.

Jesus