Casual Articles

Time Management vs. Self Management
Are you someone who makes lists of all the things you need to do? At the end of the day when you review your list, are you disappointed because you haven’t accomplished as much as you would have liked. Does this sound familiar to you?We hear a lot about time management and how we need to organize ourselves and manage our time more effectively. In order to regulate our time, new ways of thinking and being need to be developed. Our attitudes and beliefs need to be identified and at times altered in order to make beneficial changes. We need to develop self management strategies. When we manage ourselves better we tend to be less overwhelmed, more productive and happier.There are various models for time management. One is making daily and/or weekly lists, then prioritizing which items are the most important and tending to those first. Of course the challenge is that is if you don’t like some of the tasks, you probably tend to avoid doing them. (I know this strategy intimately.) It also does not account for all of the complications which arise nowadays on our job. Emails, voice mails urgent requests which must be dealt with immediately, or conference calls; all of the modern technology which has made our lives easier and more complicated at the same time. We are generally expected to do more in less time and with less support.Steven Covey in his book, First Things First breaks tasks down into 4 quadrants:* Urgent and Important,* Not Urgent and Important* Urgent and Not Important* Not Urgent and Not ImportantThere is a great deal of value in this model and certainly gets one thinking about how to define the many things one has to do. The difficulty is that important projects can become urgent if one has procrastinated and that isn’t necessarily a helpful way to operate. It would also be relevant to identify what is important to you and spend time do

s case, you must immediately go out of any deal – even if stop points are not reached yet. You should ask yourself: “If I need a position at this market, what its direction must be?” If the answer does not coincide with the direction of the real position that you hold, you must close it. Actually, if values of the contrary indices are rather substantial, you reverse the position.

Comments. How to combine (reconcile) this thesis with the words “do not be engaged in the intra-day trading”?

21. Let us suppose that you cannot watch the market during a time interval (maybe you are traveling). Under these conditions, there are two outlets. First, you can liquidate all positions. Otherwise, you must make sure that active stop-orders are placed in all open positions.

No comments. If one can earn money not watching the market, what profits can gain those individuals who sit in front of their monitors during the trading?

31. Do not fix a small quick profit gained at the deals the direction of which coincides with that of the principal trends. In particular, if you are fully confident in the deal, you should not fix the profit in the first day.

Comment. How to detect the principal trend? Which trend is principal (even in the framework of the old classification (the long-term, intermediate-term and short-term trends))? And what is about the stop-loss? If the deal is open towards the “principal” trend direction, whereas the retracement (correction) starts developing in the opposite direction.

45. It is obligatory to check markets before the closing on Friday. Often the situation becomes clearer

Media Releases - Helping Grow Your Business
Business people often spend time and money trying to find new ways to stand out from the crowd or craving recognition and exposure for their organisation and its achievements.Communicating with your customers and stakeholders has become more demanding, complex and pressure-driven. The media however offers a cheap and effective communication tool, if it can be accessed.Writing effective media releases for target audiences has become an important skill for leaders, managers, policy makers, marketing professionals and volunteers in order to access media attention.Here are The Top Ten Reasons you Should Consider Writing and Distributing a Media Release.1. FOCUS.The process of researching and writing something interesting and new about your business provides a focus and helps define, clarify and communicate what your strengths are. This mere act can deliver a much needed break from the daily grind and ensure a moment to reflect and plan. It provides a reason 'to work on the business', instead of 'in the business'.Often we are so caught up in the day-to-day tasks of our jobs we don't allow any time to look at the 'big picture'. Taking a step back and viewing your organisation from a different angle offers a chance to identify strengths you might otherwise miss.2. IMPROVES MORALE.Nothing helps create better morale than celebrating achievements, milestones and successes. Writing and distributing a media release helps do this in the most public way. You can tell the world and also acknowledge publicly those that have helped along the way. This also demonstrates your pride for your organisation and staff and their achievement.3. KEEPS EVERYONE INFORMED.There's nothing worse than not knowing what's going on. When there is an information vacuum rumours tend to spread. A media release helps provide the facts on an issue and keep everyone informed from your emp

There are trends of four types:

· the intra-session trend;

· the weekly trend;

· the trend of duration of several weeks;

· the trend of duration of several months.

A zigzag-like movement of any currency pair at Forex consists of various combinations of such trends. A smaller trend makes an integral component of a bigger trend (either the trend wave, or, on the contrary, the retracement (correction) of a longer trend towards the opposite direction).

What any trader wants to know about Forex.

An individual is interested in knowing the correlation at least between the first (and shortest) trends at the beginning of the trade but not at the end of it. That is, one wants to learn the clear and simple rules, according which it would be possible to regularly open deals quietly and work within the intra-session trend with confidence. In addition, one is interested in understanding of the correlation at least between the intra-session and weekly trends.

Our aim is to gain but not to lose. One must keep cool. It is of no use to spend your nerves and health. Even if the currency has moved in “the wrong direction” by 15 points, it will return in a moment. Anyway, the only direction where the currency can go is that towards which you have opened the deal. The problem is just of being too late for entering the deal. As regards the given situation, the recommendations are the following:

a). If there are no signs of reversal in the currency pair movement, you must open the deal once more after the recoil (rollback).

b). If there are signs of the reversal (the preceding movement was the false breakout), at first you should open one deal towards the opposite direction. You get into the lock, where the quantity of damages, being fixed (stipulated), does not increase (in Masterforex Training Academy one can get a special course of training to the technique of making the lock). Further, you add deals towards the direction of the currency pair movement in the given session. First of all, you compensate your damages and then you gain profit. Under the condition of false breakouts of the levels of resistance/support, the margin of the currency pair movement is always larger than in the case of the level true breakout. That is, the trader can gain higher profits.

What a trader who follows (sticks to) these rules must see:

a). faultless levels of resistance and support with respect to each of ally currency pairs. (very often they are not those mentioned in sites by “respectable” analysts (but not traders));

b). clear criteria of the true and false breakout of these levels and the intra-session trend beginning;

c). the synchronous (or non synchronous) character of the ally currency pair group movement;

d). the time, velocity and type (manner) of the currency pair movement;

e). the next level (the intermediate goal), to which the currency pair is tending;

f). the reserve (margin) of the currency pair movement for the trading session;

g). the point of the intra-session trend end (surely, one must know the clear criteria of the movement finish; when such signs appear, one must fix (register) one’s profits);

h). the point that confirms the beginning of the intra-session trend retracement; at this point one can also work with the correction against the trend at the super- short distances - in particular, you can make the lock narrower if you have got into this lock at the trading session beginning.

According to B. Williams, it is the fifth highest degree of the trader’s qualification. Reaching this stage, the trader is not nervous but he feels satisfaction at his work

The education at Masterforex-V Trading Academy’s closed forum is based on the study of these simple (and therefore reliable) principles and their practical verification (see http://forum.masterforex-v.su/).

The reasons why the majority of traders never reach this fifth highest degree of trading

The reason consists in the classical Forex dogmas, according to which the technical analysis starts at least from daily charts.

In his “The Technical Analysis as a New Science”, T. DeMark writes the following.

1. The daily information is the most accessible; for dozens of years analysts work mainly with daily charts.

2. Making use of daily charts, a trader must not continuously keep an eye on the market intra-day behavior. The trader runs less risks of being trapped because of price corrections. Not at all rare in the intra-day database, such corrections make the real pest of it.

3. There is the probability of making a deal at a price, closest to the value stipulated in the order. This probability increases if the trader uses the market signals, based on the intra-day information.

Here I would like to mention J. Swagger’s rule #44 from his book “The Technical Analysis. Complete Course”. The author claims that intra-day solutions are almost always wrong. He does not recommend to be engaged in the intra-day trade.

Below I submit other rules developed by this “classicist of the technical analysis”.

7. Looking at the chart, you should follow your instinctive impression - especially if you do not mind to what kind of the market this chart relates.

Comment. What about the discipline and following the strict rules?

8. The fact that you have missed a substantial part of the new trend must not keep you away from trading within this trend – as long as you can detect the reasonable point of the damage arrest.

Comments. How must one understand this statement? Seemingly, the author admits uselessness (non operability) of his TRADING SYSTEM.

a) How to detect the reversal point not only within the trading day but in longer trends as well?

b) What does the notion “the reasonable point of the damage arrest” implies?

c) What are the criteria of the trend change?

d) About what kind of trend does one talk - the long-term, intermediate-term or the short-term ones? (We have dwelt on the difference between such trends in the previous chapter).

e) Even a trader-beginner can give a dozen of examples of a situation like this. The stop-loss (“the reasonable point of the damage arrest”) was located at a peak of the short-term trend. Then the currency again rushed along the intermediate-term trend.

14. The newly-formed price models (or the market behavior) can tend towards the direction opposite to your position. In this case, you must immediately go out of any deal – even if stop points are not reached yet. You should ask yourself: “If I need a position at this market, what its direction must be?” If the answer does not coincide with the direction of the real position that you hold, you must close it. Actually, if values of the contrary indices are rather substantial, you reverse the position.

Comments. How to combine (reconcile) this thesis with the words “do not be engaged in the intra-day trading”?

No comments. If one can earn money not watching the market, what profits can gain those individuals who sit in front of their monitors during the trading?

45. It is obligatory to check markets before the closing on Friday. Often the situation becomes clearer

PR Performance You Should Expect
As a business, non-profit, government agency or association manager, one way or the other (and sooner or later), you’ll be paying for some kind of public relations results.And hopefully, results that do something meaningful about the behaviors of those important audiences of yours that MOST affect the organization you manage.Better yet, results that create the kind of external stakeholder behavior change that leads directly to achieving your managerial objectives.And even better still when those results reflect how your follow through persuaded those key outside folks to your way of thinking as you helped move them to take actions that allowed your department, group, division or subsidiary to succeed.In my view, the alternative is unacceptable: managers preoccupied with simple tactics like press releases, broadcast plugs, special events and brochures, which deny them the best that public relations has to offer.Instead, what is needed is good public relations planning that really CAN alter individual perception resulting in changed behaviors among key outside audiences. But that only happens when you demand more than just communications tactics. That’s when you’ll receive the quality public relations results you deserve.Results, incidentally, based on a highly proactive premise that can easily go your way: people act on their own perception of the facts before them, which leads to predictable behaviors about which something can be done. When we create, change or reinforce that opinion by reaching, persuading and moving-to-desired-action the very people whose behaviors affect the organization the most, the public relations mission is usually accomplished.When managers adopt such an approach to public relations, the desired end-products should soon emerge. For instance, prospects begin to do business with you; membersh

ovement was the false breakout), at first you should open one deal towards the opposite direction. You get into the lock, where the quantity of damages, being fixed (stipulated), does not increase (in Masterforex Training Academy one can get a special course of training to the technique of making the lock). Further, you add deals towards the direction of the currency pair movement in the given session. First of all, you compensate your damages and then you gain profit. Under the condition of false breakouts of the levels of resistance/support, the margin of the currency pair movement is always larger than in the case of the level true breakout. That is, the trader can gain higher profits.