What Are Market Orders? (Part I)

Posted by Ahmad Hassam | Currencies | Saturday 15 August 2009 5:37 am
by Ahmad Hassam

Currency traders use market orders to catch market movements when they are not in front of their screens. Just to remind you that forex markets are open 24 hours a day, five days a week. A market move is just likely to happen while you are asleep or in the shower as while you are sitting in front of your computer screen.

Market orders are very critical to your trading success. Think of the different types of market orders as trades waiting to happen. If you enter an order and the subsequent price action triggers its execution, you are in the market so be as careful as possible while playing with the market orders. Trading can be very difficult without these market orders.

Professional currency traders routinely use market orders to capture sharp short term price fluctuations, limit risk in volatile or uncertain markets, implement a trade strategy from entry to exit and preserve trading capital from unwanted loss. Market orders are essential for maintaining trading discipline.

Forex markets can be notoriously volatile and difficult to predict. While limiting the impact of any adverse price movements, using market orders can help you capitalize on short term price movements.

You probably dont have a well thought out trading plan if you dont use market orders. A disciplined use of market orders will help you quantify the risk that you are taking while there is no guarantee that the use of market orders will limit your losses and protect your profits in all market conditions. It will also give you the peace of mind in trading.

Multiple types of market orders are available in forex markets to forex traders. However, you should know that not all market orders are available at all online forex brokers. So when you open an account with a forex broker, you should add the market orders to the list of questions you need to ask the broker.

Take Profit Orders: When you have an open position in the market, use the take profit order to lock in profits. There is an old market saying, You cant go broke taking profits. Suppose you are short GBP/USD at 1.2354. Your take profit order will be to buy back the position and be place somewhere below 1.2334. Making you a profit of 20 pips! If you are long EUR/USD at 1.2845, your take profit order will be to sell the position somewhere higher close to 1.2875.

Limit Orders: Dont forget the saying, Buy low and sell high. A limit order is any market order that triggers a trade at more favorable levels than the current market price. If the limit order is to sell then it must be placed somewhere above the current market price. If the limit order is to buy, it must be entered somewhere below the current market price.

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You Need To Avoid This When Advertising Your Rental Home

Posted by Steve Cody | Real estate | Saturday 15 August 2009 5:35 am
by Steve Cody

Wording you need to avoid in the ads for your rental home or risk being fined $50,000 and more.

You need to know about Fair Housing law to make sure the ads on your rental home are not illegal.

You could own an apartment complex or a home. It does not matter. You still need to follow Fair Housing laws when running ads for your rental.

Do not post any discriminatory concepts within your ads. Section 804-c of the Fair Housing Act, 42 U.S.C. 3604-c reads, “…it is unlawful to make, print, or publish, or cause to be made, printed, or published, any notice, statement, or advertisement, with respect to the sale or rental of a dwelling, that indicates any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or an intention to make any such preference, limitation, or discrimination.”

Whether you run ads on a website, Craigslist, or in printed magazines or classifieds in a newspaper, you must stay away from using discriminatory wording.

You can be fined more than $10,000 for each discriminatory ad, plus damages in court.

You should never talk about skin color in your ads. Never use phrases that have the words “white”, “black”, or “colored people”. Never talk about race in any of your ads.

Do not use religion in your advertising. It is NOT ok to use the phrase “Jewish home” or “Christian only”.

Be careful with using the wording “upscale neighborhood”. It is better to use the phrase “desirable neighborhood”. Desirable is open to interpretation of the individual and is therefore not considered discriminatory.

Never restrict access to your home to people with disabilities. Never state in your ad “no wheelchairs” or “handicap people should not apply”. You can, however, describe the CONDUCT of an individual such as saying “no smoking” or “sober only”. You can also include accessibility features like “wheelchair ramp”.

Children, the number of children, or parents should not be mentioned in your ad. It is not legal to say “no children” and “adults only”. In 2007, a California Housing Rights Center took a landlord to court for not allowing children in his apartment complex. The Housing Rights Center sent in undercover people posing as prospects. The court fined the landlord more than $120,000.

Never mention familial status in your ads. You may not say things like “Parents with less than 2 children only”, or “Singles only”. Your ads can say things like “no bicycles allowed”.

Fair Housing regulations do not just govern your ads. They also govern how you screen tenants, your rental application, and how you treat your tenant the entire time they stay in your rental home.

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How to Calculate the Debt-to-Income Ratio in a Loan Modification

Posted by Alex Fergusun | Real estate | Saturday 15 August 2009 5:30 am
by Richard Gray

Mortgage Modifications are becoming popular. A loan modification aids people save their homes by reducing the monthly payment in the loan. However, not everyone who asks for a mortgage modification obtains the desired result.

Lending institutions go over each particular application in order to see if the owner will be capable to pay back the mortgage after the mortgage. Lending institutions always take a look at the debt-to-income ratio to know if the home owner will be able to pay back the mortgage. In this essay, well look at how to figure out the debt-to-income ratio for a loan modification.

First, you should add up all of your monthly gross income. This is the money you make before taxes. In the case you get alimony or child support, you need to include these amounts.

Then, you should add all of your monthly debt obligations. This includes the minimum payments on your credit cards, car installments, the hoped for new mortgage payment, property taxes and property insurance. In this step, you don’t need to add utilities, cable TV, food, etc.

After you have figured out your recurring debt payments, with the addition of the new mortgage payment, you should multiply this number by two.

To find out if you have a very good opportunity to get approved for the mortgage modification, your doubled amount needs to less than the gross monthly income. If the amount is over the gross income, there is a good chance that you will not be given the modification.

Keep in mind that banks are usually willing to modify a mortgage when the debt-to-income ratio is under 50% of your gross monthly income. A few banks will go up to 55%. Nevertheless, most of the lenders won’t allow any more than that percentage.

Nevertheless, you may sometimes be given a loan modification if you have a special situation. For instance, you may have been sick and now that you feel better you can work again in a good job.

Please, keep in mind that this way to calculate the ratio is only used as an example. It is up to you to discuss your situation with a loan modification expert who may help you present your situation in a better light or even offer you recommendations on how to change the debt-to-income ratio so that the loan modification is approved by the lender.

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Marketing For Realtors: Simple Strategies That Work

Posted by Alexis Jameson | Real estate | Saturday 15 August 2009 5:22 am
by Alexis Jameson

Billboards, news print advertisements, billboards, and television and radio commercials are the most common forms of marketing that Realtors turn to when it comes to their overall marketing strategy. However, in this day and age it is dire that creative marketing for Realtors is turned to in order to produce the results that a real estate agent or company desires to have.

One of the most important forms of marketing that a Realtor can turn to is Internet Marketing. In fact, it has been determined that Internet Marketing for Realtors is by and far the most useful and effective means of marketing that a Realtor can turn to. Additionally, it has been proven that virtual marketing is by and far the most effective form of marketing for Realtors.

A website is a must for all Realtors. Whether you are a sole real estate agent or work as part of a real estate company, you must have a powerful website that can provide users in your area with the resources and information they need in order to find what they are looking for with ease.

Simple text property listings on your companies website is ineffective! If you truly want to increase your sales and gain more exposure for your company and properties then you need to go the extra mile and create a website that features dynamic content. You need a website that allows users to see the properties you have for sale or rent in video and photo directly on your website.

Numerous Realtors have discovered that they increase their sales and exposure by simply turning to a major video outlet and community such as YouTube or Viddler in order to place video tours of all the properties that they list. They can then embed these videos on their website, or these properties can be browsed by regular users of YouTube.

A very simple form of marketing that is not used to its potential is that of flyers. Realtors who create flyers and distribute them via mail or by placing them on cars in parking lots, have been statistically proven to produce better results and more sales than general newspaper advertisements. In fact, a real estate company that implements the use of flyers can increase their overall yearly sales by more than 18%.

There is no denying that creativity in marketing is by and far the best method of marketing. The more creative you get the better results that you will produce. The public has become so used to general advertising ploys that you will have to seriously begin thinking outside of the box in order to produce the results that you desire.

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