How to choose smart Stop Loss in Forex Trading

Here is step by step guide:

1. If price is close to recent high or low then place SL 5-10 pips above or below that point. This is very important. Prices do go back to test recent highs and lows and we need to set SL as per the recent price action. Trading on daily chart is bit tricky where such SL can be even 30-40 pips more on top of your static 100 pip SL.

2. Another point to take care is that don’t place SL on important boundary numbers such as 00 or 50 mark. These points are tested often and you can easily be stopped out.

3. Place your stop loss on odd numbers excluding 1 and 9. Never place SL on even numbers.


Believe It or Not!!!

Let me surprise some of you by saying that Brokers HUNT for your SL. That’s true. Forex is unlike Dow where everything is run by one organization and prices don’t vary from broker to broker (those broker makes money by giving you a worse fill than you would expect + commissions). Brokers in Forex can manipulate prices as they like and hence they go after your SL.

Now why brokers will want to you to loose?? Well every time you open a position, a broker opens an opposite position. So when you loose they win. They also want you trade more often, since they make money either in commission or spreads (or both). The only way they can force you to trade again is to stop you out.

Why you think brokers give out free market research and trading ideas?? If all of their traders are trading the same way then it is easier for them to take them out.

I am sure that some people would disagree (the ones working for broker J ) but it is something to think about.

So How To Beat The Brokers:

Simple, don’t place any Stop Loss. That’s right. It is not a typo. What you need is a Mental SL. You should know at price you will take your losses and set up alarms on your trading station when the price reach close to the mental SL you had in place. This can be challenging for some people but if you are lucky enough to get this working then there is nothing like it.

Hope this helps you in placing better SL from now on.


Learn Stock Trading Tips Here

The Shine And Sparkle Of Silver Jewelry Is Like No Other Metal

Sterling silver is affordable and it looks great, many fashion designers are using it and many shoppers are starting to purchase this beautiful metal, it is much more affordable than gold, platinum and looks just as good. Pure silver by itself is too soft and would not be practical for jewelry and other ornamental objects. It doesn't matter if you use silver with a bracelet, necklace or bling it up with precious stones silver will always be in fashion.

Pure silver by itself is too soft and would not be practical for jewelry and other ornamental objects. Silver jewelry, given its beauty, quality and inexpensiveness has become a highly sought after commodity. Silver jewelry is gaining popularity with a consumer public which is interested in affordability, style and quality. Sterling silver can be crafted into a lot of different jewelry items including charms, rings and chains and bracelets. Silver jewelry is frequently mistaken for other new precious metals as well as white gold and platinum.

It can be brushed, giving it a matte finish, or sandblasted for a satiny-smooth texture. Attractive, versatile, easy to care for and affordable, silver jewelry is the alternative to white gold and platinum. Sterling silver is so reflective that when light hits it is like no other metal in the world, the power of the shine is hypnotic. This is because 100 % pure sterling silver jewelry is a little soft and prone to bending and breaking. Sterling silver jewelry is synonymous with class and style in the world of fashion. Silver is prone to tarnishing and sometimes it can be a nuisance when trying to keep the shine, but most of the time the silver jewelry has a coating called rhodium which prevents the silver from tarnishing. When cleaning your silver jewelry make sure that the silver is not plated with any type of metal because when you try to clean it with silver cleaner it will damage it.

Sterling is the highest quality of silver. Sterling is stamped Sterling. If the sterling silver mark is no on the piece of jewelry it is not sterling silver. The reason you want to make sure that the stamp is there is because sterling silver is worth twice as much as other types of silver.

This problem has led silver manufactures come out with some alternatives, such as silver alloys, which, apart from retaining the original characteristics of silver is long lasting. Among these alloys sterling silver is unique. Pure silver by itself is too soft and would not be practical for jewelry and other ornamental objects. It doesn't matter, sterling silver is durable and flexible and the sheen is incredible, that's why it is use to celebrate 25 years of marriage, love and commitment between two people.

Tarnish is a thin layer of corrosive that appears on silver, this is a natural occurrence when silver is exposed to oxygen. Due to its very nature silver is prone to tarnishing with prolonged contact with the air or the chemicals found on the surface of many people's skin. Tarnish can easily be removed by gentle polishing with a silver cloth or commercial silver dip available in most jewelers and supermarkets.

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Completely In The Canal (Cic) Hearing Aids

Completely in the canal hearing aids (also known as CIC hearing aids) are, as the name suggests, hearing aids which fit entirely within the wearers ear canal. These revolutionary devices are the smallest hearing aids on the market and are invisible to the average observer who doesn’t know they are there. Most major hearing aid brands and manufacturers now offer this inconspicuous alternative to traditional behind the ear, or BTE, hearing aids.

CIC hearing aids are custom made to fit deep inside the individual wearers ear canal and are said to mimic the natural auditory process more closely then any other style of hearing aid. They are best suited to people with a mild to moderate hearing loss. There are a number of advantages and disadvantages that should be taken into consideration when deciding between CIC hearing aids and the BTE models.

For audiologists, otologists, speech therapists and other hearing professionals, the primary appeal of CIC hearing aids are their acoustic advantages. They are able to closely simulate environmental, and more importantly, speech sounds, patterns, nuances etc. This is imperative to a hearing impaired individual’s competency with the spoken word. Additionally, since CIC hearing aids are worn closer to the eardrum then their BTE counterparts, their microphones are better able to amplify and therefore give a boost to any residual hearing the wearer may have. The advantage that is most often touted by the wearers of CIC devices, however, is their cosmetic appeal and inconspicuousness.

Conversely, it is important to keep in mind that CIC hearing aids also have some drawbacks. If financial constraints are a part of the picture, it should be noted that completely in the canal hearing aids are somewhat more expensive to purchase then behind the ear hearing aids are. Another issue that may make them cost prohibitive to those on a tight budget is that increased susceptibility to ear wax build up puts CIC hearing aids at higher risk for damage, therefore necessitating pricey repair bills or replacement hearing aids.

Whereas BTE hearing instruments are appropriate for almost all hearing impaired individuals regardless of the type or degree of hearing loss, CIC hearing aids are not recommended for individuals with certain kinds of hearing loss. They are also unlikely to be prescribed or advised for children. First of all children tend to be less able to tolerate the discomfort and irritations that sometimes come along with the use of CIC models, especially in the beginning.

Plus children’s ear canals aren’t done growing, so they will need to be refitted and replaced much more often for them then for adults. The size of CIC hearing aids and their even tinier batteries make them difficult to manipulate for the elderly, arthritis sufferers and others with conditions and diseases which effect fine motor control. Feedback and no volume control are two more drawbacks often mentioned by CIC hearing aid users.

Audiologists are the best resource hearing impaired individuals have to help them objectively decide whether CIC or BTE hearing aids are better for them. They can also point wearers in the direction of the best CIC hearing aids provider. Research on the pros and cons can also be done at the library or on the internet.


Hearing Aid Styles

How To Clean Hearing Aids

Alcohol Abuse and How it Degrades the Quality of Life

The consumption of alcoholic beverages is for many a relaxing and enjoyable pastime. There are many social gatherings where drinks are served and everyone has fun socializing and sharing the time together. Sometimes there are those with a predisposition to alcohol abuse and these people gradually develop a dependence on the substance. Those who are victims of alcohol abuse cannot control the urge to drink. They also cannot fathom attending a social function where alcohol is not served. At least if they do, they don't stay long. These are in the prison of alcohol abuse and have a difficult time controlling it without abstinence, family support, and therapy. Eventually, the social gatherings will not be as fun as they used to be as the person under the control of alcohol abuse has to drink more to achieve the same results. For these people, the quality of life quickly begins to go downhill. Let's see what happens to the victim of alcohol abuse as his or her quality of life degrades.

The victim of alcohol abuse will have disturbed sleep patterns. Not getting proper sleep degrades many areas in a person's life. Lack of sleep causes improper firing of neurotransmitters in the brain and the results can be depression, confusion, and cognitive difficulties. Even after abstinence for several months, the alcoholic can still suffer from disturbed sleep patterns. The danger in this case is that patients sometimes revert back to alcohol abuse because they think it helps them sleep. It is true that alcohol has sedative effects but the sleep pattern is of poor quality.

Alcohol abuse leads to either difficulty on the job or job loss. However it is true that many with this condition can hide it and appear to be very successful. First of all, alcohol abuse can put a tremendous financial strain on a person. Increased resistance and the need to drink take their financial tolls. Alcoholics often incur debts because of their spontaneity in financial decisions. A person with financial difficulties will suffer decreased job performance because of the stress. Those who suffer from alcohol abuse will find over time that their absences will increase, spouses will make excuses for them, and eventually they will embarrass themselves at an office social gathering. Loss of job equals loss of lifestyle, identity, and means to support oneself or one's family--a definite decrease in a person's quality of life.

A person's mental health is seriously affected because of alcohol abuse. The victim of alcohol abuse will see any external attempt by someone to change his or her behavior as a threat. Scientists believe that the mesolimbic dopamine system is the structure in the brain associated with "rewarding" drug and alcohol abuse. To put it simply, people get a charge out of this hormone/neurotransmitter that is released when a reward is received. Dopamine affects a person's ability to experience pleasure, motivation, and emotional responses. The alcoholic develops a strong dependency on the dopamine response and any attempt to remove it will oftentimes be met with aggression, anxiety, and panic. The victim of alcohol abuse sees an end to his or her ability to interact socially or cope with life if alcohol is removed such as through a treatment program.

There are many websites that offer information about this issue but few offer actual support. If you are a victim of alcoholism or any of its related pains you will greatly benefit at http://www.yourchristianspace.com - where FREE and professional counseling, prayers and healing are on offer to help you on your way to recovery.

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Living with an alcoholic is a very fragile existence, the relationship always undermined by a breach of trust or a potential breach of trust. Find out at http://www.livingwithanalcoholic.org on how to deal with it.