Question by whatshouldido: In forex scalping with a robot like FAP tubo, can you lose and owe more money than you put in?
For example, if you start with $ 500 and use leverage of 100, can you lose up to $ 50,000 and have to pay that money back?
Recommendation on where to put stop loss on FAP turbo would be also appreciated. I imagine that smaller you put your stop loss at, each loss will be smaller, but you are more likely to hit that and have more losing transactions. Just curious if most keep it at the default of 50.
Thank you.
Best answer:
Answer by Common Sense Yes. It is not for anyone who doesn’t understand the risks.
Question by zetrio2002: What is your winning strategy to win money in equities, forex, property trading?
I know i am a bit blunt but please tell some. What is your winning strategy to win money in equities, forex, property trading? I need to win some money. Sharing is caring. If i win some, you probably win some too. Win-Win situation. Thanks.
Best answer:
Answer by Avraham I have been scalping, that is taking advantages of small but sure moves on the S&P and the EUR/USD currency pair. Trades that take less than two hours. I tweet them. My twitter name is fxpriority, and you may follow me. I also give special attention if the account is opened through a click from my site. http://fxpriority.com/advanced/
Can Getting a Fixed Mortgage Rate Really Save You Money?
The foreclosure boom created by the economic downturn has left many homeowners and potential homeowners feeling as though adjustable rate mortgages are evil. However, there has been a great deal of debate on whether or not fixed rate mortgages really save you money. The big fixed rate draw is that you know how much your payments will be throughout the life of the loan, in other words there will be no surprises. Still, having peace of mind and saving money are two different aspects of fixed rate mortgages. If you are considering a fixed rate mortgage there are few things you need to consider when determining whether or not you will be saving money.
The first question to ask yourself is what rate are you looking to lock in, or what is your target rate? The rate you start off at will be the determining factor on whether or not you are able to save money with a fixed mortgage. If you are starting at a rate of 5.3% and your initial monthly payments are more than 60% of your monthly income(s) the odds are you have started off with one foot in the ground. Since, you are not leaving yourself any room to save money. Homeownership is expensive and the first year is often plagued with costly repairs, taxes, and insurance. So, the idea is to get the lowest rate upfront. Although, it is only fair to point out that fixed rates are set usually set higher than those of initial adjustable mortgage rates.
And, you may still wind up with a higher rate than the market rate.
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Will there be any other fees or costs that will have a bearing on your payments? Although fixed rate mortgages are not affected by rising interest rates keeping payments constant, there is a chance that you could still end up paying more for your home. The costs of homeowner’s insurances, private mortgage insurance (PMI), and taxes are usually tied to your overall mortgage payment and the costs of insurance and taxes can and usually does rise over the time of the loan. These are aspects of fixed mortgages that are often afterthoughts when homeowners are looking to lock in a fixed rate.
How long do you plan to be in the home? Fixed rates are great long term loans. However, if you are not ready to settle in a particular area for at least 10 to 15 years, then fixed rates mortgages may do more harm than good. Homeowners with fixed rates, who decide to sell their home often, find themselves selling the home for less than what is owed on the loan when the market is down. If you are not planning to be in the home for at least 10 years odds are good you will end up loosing money in the long run.
Finally, are you really going to budget wisely? Again, the major advantage to fixed rate mortgages is the peace of mind in knowing that interest rates will not cause your monthly payments to increase. Theoretically, this feature gives homeowners the opportunity to budget wisely. However, most people don’t follow a budget until they have no other choice. And it should be noted that budgeting doesn’t necessarily lead to saving money. Knowing how much your payment will be each month will not change your income and what you are able to put aside for a rainy day. It simply shows you where the majority of your money is going.
Adjustable rate mortgages have been painted as the enemy, but in reality these mortgage rates offer a flexibility that fixed rates do not allow. There is no doubt that fixed rate mortgages offer a peace of mind that adjustable rate mortgages just cannot provide. Still, having a budget and saving money is totally different. So, you may want to really weigh all options before deciding on a fixed rate, especially if you are attempting to save money.
Allan Young is a freelance writer who writes about mortgage rates.
LeahCoss.ca Hi, everyone. How are you? It’s Leah Coss with The Mortgage Centre. And there’s many of you coming to me these days. Now that you’re starting to buy homes after the April scare of new qualifying rules, you’re coming to me saying, “Look, I went to my bank, and they told me that I can’t get a variable. What is up with that? I thought variable was for one and all.” Well, not anymore. In April, the government basically saw what happened in the States and they wanted to put in some safeguards to ensure that that doesn’t happen here in Canada. So what they did is they’ve now made a variable a luxury. It’s no longer a right. With that, they also made one, two, three, and four year fixed rates something that’s also a luxury, not a right. Now, what is this thing that they’ve done? Well, I’m going to use variable as an example because it’s the easiest way to describe this occurrence. With variable, it fluctuates based on prime, so that means it can go up or down at any point without notice, and you’re going to have to be able to bounce back from an increased payment. Now, with a variable, say you’re in it for five years. Over the course of five years, prime could go way up all of a sudden. And especially in the economy that we’re dealing with right now, it’s anyone’s guess on what could happen. So prime could very well go up by a couple of percents, which means now you went from having to pay X amount of dollars to X plus 1000 more dollars every month. And many of you … Video Rating: 5 / 5
ePips Forex trading articles and robots. Mortgage Loan articles for You.
When buying your first home, it’s really easy to get caught up in the dreams and fantasy’s that you’ve had since you were a kid. Houses are emotional purchases just as they are practical decisions, but often times the emotions win out. Be prepared for the highs and lows of house shopping in order to keep focused on the end goal.
A way to keep yourself in check, is by getting pre-qualified. Knowing how much you can actually afford to pay for a property, will keep you from looking at real estate that is over the budget. If you find something well over your price limit and fall in love with it, practically nothing below the cost of that house will compare.
Knowing what to spend will help you find an area to settle down in. You may go at it yourself, or hire a real estate agent who is familiar with the market to do it for you. The agent can guide you to homes which meet your needs as well as zip codes which offer all of the amenities you want.
Figuring out what you need from what you want can be very difficult, but must be done. Make a list of the two different categories and stick to it. Don’t even bother looking at one bathroom homes if you need two, but go ahead and check out a home that does not have the two car garage you wanted because it may be the perfect place in every other way.
When making an offer, it’s important to come in at a reasonable price for the area and the circumstances. An agent will be able to help you with these decisions as they already know the comparables. Inform yourself by researching homes which have already sold in the area you are looking. Make sure the homes are similar, if the house is much smaller or much bigger, it is not a comparable home.
It may behoove you to make the offer conditional to a home inspection. If the home has cracks in the foundation, dangerous electrical or was poorly constructed, the inspector should be able to find this. They should also be able to locate molds, infestations and water problems.
The best part of buying a home is the day they hand you the keys. Nothing beats walking in the door to your new house and seeing future memories pass through your mind. Stick to the guidelines and this may be a reality for you.
When you are looking for investment property, it benefits you to have a competent representative to help you through the steps of the transaction. For a first home buyer it is even more important to get good guidance.
