For those of you who don?t know, you have got to be careful with some of the guys out there in the Forex market because what happens is interbankfx will pay them money to get you to sign up and trade. I don?t want that pressure at all. I don?t get a dime from these guys. They are just one of the better brokers out there and they have got some really good support. When you go to the interbankfx.com website, you can sign up for a demo account. On that demo account, you will have access to the meta-trader software platform. You will be able to get support and get help if something is going wrong with the software, if you demo account isn?t working. I regularly call these guys to make sure they are answering the phone and if they can answer questions. Up to this point, they have done a really good job. If for some reason that changes, I will let all the members know as soon as possible so you won?t have to deal with them anymore.

The other reason why I like interbankfx, especially if you are just getting started in the Forex, is you can start trading; literally it is ten cents per tic so you?re not risking a lot of money but you are still in there with real money so you get that effect. I think that is the last housekeeping note I had here.

The reason why I wanted to load up my trading screen is because I wanted to go through this whole twenty minute exercise. Believe it or not, one of the things that was hardest I think, for people to believe was that is was only going to take twenty minutes to get the game plan in the marketplace.

There was just disbelief that they would be able in twenty minutes to get any kind of game plan in the market. So what I want to do here is talk a little bit about some of the opportunities that I see in the marketplace and also I am going to go through after those opportunities, exactly this twenty minute game plan. So you will have a very good idea that not only is possible, but exactly how to do it on your own computer. You should see on your screen a weekly chart. If you are seeing the video portion of this of course, don?t worry about it. We are just getting to it.

The reason why I start with the weekly chart is because this is where the really big opportunities are in the Forex market. I know that the course is on short term momentum day trading but the one thing that I learned over time, the number one mistake amongst day traders, even day traders with a lot of experience; they forget that the big money players in the market are looking at longer term charts. In fact, most of the guys that I knew in the hedge fund business would probably have a coronary, would have a heart attack, if someone told them they had to look at a five minute chart.

They would have no idea as to what to do with something like that. I mean these are guys that are looking at, in some cases, five year charts. For every bar, it?s five years of times or a year or quarters, months, weeks certainly; maybe a daily.Mac X is recognized as a forex expert trainer, forex trader and author of three best-selling forex trading books and Home Study Courses including "How To Get Filthy Stinking Rich Trading The Forex" book and Home Study, "How To Trade The Harmonics of The Foreign Exchange Markets". Mac X has trained over 1,300 students in large forex seminars, one-on-one and small groups. Read Mac's Forex Blog for more Forex Trading information.

Tip 1 ? If you currently have any debt on your credit cards then it is important that you clear this as soon as possible. Although credit cards are a convenient way for you to purchase those items that you want if you can?t pay off the balance on your card each month the debt will soon mount up. If you do find yourself in such a situation consider taking out a small low cost loan to pay off the balance on your cards and doing this could save you ?100s each year.

Tip 2 ? When it comes to buying yourself something essential like a second car or some furniture for your home why not consider using the local classifieds in the newspapers where you live or if they have their online. Generally you may find yourself saving yourself a considerable sum on the same items if you were to visit your local car dealer or furniture store.

Tip3 ? As we all know the cost of the utilities for our homes has increased substantially over the last year or so. However, if you spend a little time online you may be able to find yourself a new supplier who offers the same as your current one at a much more competitive rate. Often doing the research online you may find that you are able to change over to the new supplier quickly and easily as well and they will then take care of the rest of the formalities.

Tip 4 ? When you go shopping for the weekly or monthly food don?t go when you are hungry and take a prepared list with you. This way you are actually going to prevent yourself from picking up those items which are not essential and which you like the look of. Certainly you will not only be looking after yourself but also your wallet as well.

Tip 5 ? Although you may not realize it but there are plenty of things you have at home which you don?t need or don?t use and which could be making you money. So spend some time going through your cupboards at home and see what you have got and what you don?t need. Then either put them up for sale on an auction site like eBay or in your newspapers local classifieds.

Tip 6 ? When you need to get new insurance for your home, car or travel then don?t go with your current insurer but shop around instead. The quickest and easiest way for comparing the prices quoted for different kinds of insurance including that of life insurance is by going online. You may well find that you are able to save yourself quite a tidy sum.

Tip 7 - When it comes to your holiday arrangements try and book yours as early as possible as this can save you quite a considerable sum each year. Also rather than booking through a travel agency instead try and make all the arrangements yourself. There are hundreds of websites that can help you to book all your travel arrangements at one time and still help you to make considerable savings on each part.

Tip 8 ? If you can rather than arranging for a professional to come in and fix a minor problem in your home try and tackle the situation yourself first. There are plenty of colleges close to where you live who offer short courses in dealing with minor emergencies in the home so why not sign up for one of these.

Tip 9 ? Although it may seem difficult try and put a little money aside each month to cover any emergencies that arise or to help pay off your mortgage a little more quickly. So rather than going out drinking every weekend with your mates spend it at home and use that money towards other essentials you need including paying off your credit card.

Tip 10 - It is important that you learn to say no once in a while. Although that new bag may look great or that weekend away looks tempting if you can?t afford to pay cash for it then don?t buy it.

Above we have offered 10 tips for saving your money, as long as you keep these in mind then you shouldn?t find yourself in a situation where debt has taken over your life.Adflyer.co.uk offers free online classifieds to the general public and businesses within the UK.

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In this review, I am going to take a look at Roulette Sniper Version 2.0. There are several improvements of version 1.0 of Roulette Sniper, and I am going to take an in-depth look at each new feature added on to the old version.

First, the overall layout of the new Roulette Sniper has improved dramatically. It is much more attractive than version 1, which the developer of Roulette Sniper calls "Classic Sniper". They took the time to make it more colorful, and to make the numbers look bigger so you are less prone to making an error. Sniper 2.0 definitely is more attractive than it's predecessor, but that is not why I really use the software.

The reason why I use the software is to win money on the roulette table, and this is where the real review begins.

The author of Sniper 2.0 introduced a feature called custom wagering. This was written in because Classic Sniper used a progressive betting system that would slowly increase the wagers as losses were taken.

As you could imagine, this would have proved as a major inconvenience to a lot of players because this just isn't how all roulette players want to wager their money, so this is a major reason for the custom wagering.

Custom wagering allows the player to create their own betting sequence instead of the standard progressive betting. Also, anyone who has ever used version 1.0 would know that after a certain amount of loosing bets, the Sniper board would produce a "quit now" screen.

The "Quit Now" screen has now been deemed optional in the custom wagering settings. Instead, a player can use their own betting sequence and use a "Stop Betting" option. This is a really cool feature because the Sniper board won't tell the player to quit, but instead just end the betting on the particular spot being played, and the game will resume as normal.

The next valuable feature that was added to version 2.0 was multiple betting opportunities. Across the roulette forums, players have been complaining about how long it took for a betting opportunity to come up. Well, the boredom has been alleviated because you are now able to bet in multiple spots. This also increases the speed of your winnings, because starting out at the minimum bet allowed , being 1 dollar, pound, euro, or whatever other currency, can take a long time to build a decent bankroll.

On a side note, Roulette Sniper Version 2.0 has also allowed the single bet style to be used. Players are now able to track and bet on single units and in multiples of singles as well.

With the addition of single wagering and multiple betting came a lot of numbers and settings that the player had to maintain, or re-enter every time he would start the Roulette Sniper software. The developers of version 2.0 gave Roulette Sniper the ability to save the settings for both "Classic Sniper" and "Super Sniper" mode.

The last feature that was added to Version 2.0 was a flip button. This simply reverses the playing board so you can match it up with the online casino you are playing at.

As far as I can tell, this looks like all the new features added on the Version 2.0, but there may be more that I overlooked. Roulette Sniper Version 2.0 has many great improvements over the original, and is a benefit for any roulette player to help increase and manage their bankroll.Brandon has been using Roulette Sniper Version 1 since it came out in March 2007. He has had success with it and has upgraded to Version 2.0. You can access this roulette strategy at www.roulettesniper.com

No matter where you go there will always be tourists and tourists love to spend money. You could sell tours to them and they get to ride on a trendy Segway! You could charge $50 or more per person and take small groups of 2-10 people on tours. Each tour should last no longer than 2 hours.

Now Segways are those new two wheeled scooters that tourists can stand on without the foot pain often associated with walking on tours. It takes just a little time to show people how to use them, but they are by far the best idea for tours that could otherwise be made by walking. It is very nice to be able to cover large areas of walking tours by having these efficient Segways.

If you are very close to an area frequented by tourists, you can offer tours to them and they get to ride on a Segway! This will make the touring industry even more attractive, by offering your tours with these fun little people movers.

There are even people that would just really love to be able to learn how to use the Segway first. Just offer a simple tour that helps people learn how to use a Segway but offer it for far less. Maybe you could charge $20 to $35 per person for a brief 20 to 40 minute tour that includes lessons of how to use the Segway.

This would be a very great opportunity for those that are not sure if they would be comfortable using a Segway on a tour. Once they experience the fun, they are definitely sure to want a longer tour. This is where you offer a discount to these new users for a tour of their choice for already being a customer.

Since you will be offering these Segways for the tours that you will be doing, you will need to invest in a fair amount of them. This would actually depend on how many people you plan to take on the tours. You will need to check with your local area and see if you can buy or lease these two-wheeled vehicles. They can be very expensive so you will want to be prepared to spend a decent amount of money, but the investment will definitely be well worth the money. Your tours should make it very easy to recoup a return on your investment very soon.

Now, because you offer your tours with these two-wheeled vehicles, it will make your tours more attractive than other tours in the local area. This is a fact but very true, as people get older they tend to travel a lot more, because if they have trouble walking for long periods of time it can be very difficult for them to participate on these tours.

However, if you decide that you want to do this, make sure that the area you are touring will allow the use of Segways. Some things that you will most likely have to do is to check with your local ordinances and make sure that they will allow small groups of Segways to travel within the area. Usually if there are paths for bicycling like Portland, OR, you will have no problem being able to use them. Now, when it comes to busy city sidewalks, you may have to do some good research to make sure that the tours will not any difficulty in terms as traffic is concerned.http://www.cheappersonaltransporter.com is your one stop shop for the best Cheap Segway at a bargain.

It is all over television and the internet. We are bombarded with it every day. Get-rich-quick schemes, the next big thing that will make you money; do not buy into it!

If you chase money, you will never have any. Instead, do something that matters. Money always follows those that are following their passion.

Dr. Thomas Stanley points out in ?The Millionaire Mind? that all deca-millionaires (those with a net worth of $10 million or more) have at least one thing in common - they are all doing something they love.

If you want to become rich do not chase money. The money will come to you if you take the time to find out what it is that you like doing, develop a plan of action and begin doing it.

Srully Blotnick completed a twenty year study of 1,500 business school graduates. He grouped them into two categories: 1) those who said they wanted to make money first so that they could do what they really wanted to do later ? after they had taken care of their financial concerns and 2) students who pursued their true interests first, sure that money would eventually follow.

Of the 1,500 graduates in the survey, the money-now category initially comprised 93% or 1,245 people. The students who first wanted to pursue their interests made up 17%, or 255 graduates.

After 20 years there were 101 millionaires in the group. 1 came from the first category and the remaining 100 came from the second.

Are you chasing money in your life, or are you doing what truly matters? Studies show time and time again that those who do what really matter come out much further ahead in the end.Justin Lukasavige is a Personal & Business Coach and owner of Lukas Coaching. Visit www.lukascoaching.com/resources.htm for a ton of free tools to help you improve your health, finances, business, career & life!

For more free columns and articles, visit www.lukascoaching.com/articles.htm

Second of a two part article?

Before I discuss the use of hedging to off-set risk, we need to understand the role and the purpose of hedging. The history of modern futures trading begins in Chicago in the early 1800?s. Chicago is located at the base of the Great Lakes, close to the farmlands and cattle country of the U.S. Midwest making it a natural center for transportation, distribution and trading of agricultural produce. Gluts and shortages of these products caused chaotic fluctuations in price. This led to the development of a market enabling grain merchants, processors, and agriculture companies to trade in contracts to insulate them from the risk of adverse price change and enable them to hedge.

The first commodity exchange was the creation of the Chicago Board of Trade, CBOT in 1848. Since then, modern derivative products have grown to include more than the agricultural industry. Products include Stock Indices, Interest Rates, Currency, Precious Metals, Oil and Gas, Steel and a host of others. The origins of the commodity and futures exchange was created to support hedging. The role of speculators is beneficial as they add trading volume and important volatility to what would otherwise be a small and illiquid market place.

A bona-fide hedger is someone with an actual product to buy or sell. The hedger establishes an off-setting position on the futures or commodity exchange, thereby instituting a set price for his product. Someone buying a hedge is known as being ?Long? or ?Taking Delivery?. Someone selling a hedge is known as being ?Short? or ?Making Delivery?. These positions known as ?Contracts? are legally binding and enforced by the exchange.

Entering your trades either for speculation or hedging is done through your broker. Commodity Trading Advisor, Genuine Trading Solutions President Dwayne Strocen, states that ?Commodity and Futures exchanges are distinct from Stock Exchanges, although they operate using the same principals. They are regulated by different agencies such as the Commodity Futures Trading Commission who are responsible for regulation of retail brokers in the USA as well as Commodity Trading Advisors such as us.?

Now let?s view some real life examples of hedging or mitigation of risk by using exchange traded derivatives.

Example 1: A mutual fund manager has a portfolio valued at $10 million closely resembling the S&P 500 index. The Portfolio Manager believes the economy is worsening with deteriorating corporate returns. The next two to three weeks are reports of quarterly corporate earnings. Until the report exposes which companies have poor earnings, he is concerned of the results from a short term general market correction. Without the privilege of foresight, he is unsure of the magnitude the earnings figures will produce. He now has an exposure to Market Risk.

The manager thinks of his options. The greatest risk is to do nothing, if the market falls as expected, he risks giving up all recent gains. If he sells his portfolio early, he also risks being wrong and missing further rally?s. Selling also incurs substantial brokerage fees with additional fees to buy back again later.

Then he realizes a hedge is the best option to mitigate his short term risk. He begins by calling his CTA (Commodity Trading Advisor) and after consultation places an order to sell short the equivalent of $10 million of the S&P 500 index on the Chicago Mercantile Exchange ?CME?. Now his result is when the market falls as expected, he will off-set any losses in the portfolio with gains from the Index hedge. Should the earnings report be better than expected, and his portfolio continues upward, he will continue making profits.

Two weeks later the fund manager calls his CTA and closes the hedge by buying back the equivalent number of contracts on the CME. Regardless of the resulting market events, the mutual fund manager was protected during the period of short term volatility. There was no risk to the portfolio.

Example 2: An electronics firm ABC has recently signed an order to deliver $5 million in electronic components of next years model to an overseas retailer located in Europe. These components will be built in 6 months for delivery two months after that. ABC instantly realizes they are exposed to two risks. 1. the rising and volatile price of copper in 6 months may result in losses to the firm. 2. the fluctuation in the currency could easily add to those losses. ABC being a young firm cannot absorb these losses in view of the highly competitive market from others in the field. Losses from this order would result in lay-offs and possibly plant closures.

ABC telephones their CTA and after consultation places an order for two hedges, both for an expiry in 8 months, the date of delivery. Hedge #1 is to buy long $5 million of copper effectively locking in today?s price against further price increases. ABC has now eliminated all price risk. The risk of plant closures is greater than the lure of increased profit should copper price fall. After all, ABC is not in the business of speculating on copper prices.

Hedge #2 is to sell short the equivalent of Euro Currency vs US Dollars. Since ABC is effectively accepting EC in payment, a rising US dollar and a weak EC would be detrimental and erode profits further. The result of the hedge is no risk and no surprises to ABC in either copper or currency levels. A risk free transaction and full transparency is the result. In 8 months with the order completed and the customer accepting delivery, ABC notifies the CTA to close the hedge by selling the copper and buying back the Euro Currency contacts.

Many examples exist to demonstrate the mitigation of risk to an institution or financial portfolio. Dwayne Strocen states that new products are constantly created and available on both over-the counter and exchange traded markets. If would be wise to consult with a qualified Commodity Trading Advisor or broker to discuss the analysis for an on-going risk management solution or a one time only hedge.Dwayne Strocen is a registered Commodity Trading Advisor specializing in analyzing and hedging Market and Operational Risk using exchange traded and OTC derivatives. Website: http://www.genuineCTA.com.

View more in depth information about Hedging and a complete listing of World Exchanges.

The first of a two part article?.

Fund managers, whether they be equity or bond traders, know all too well that returns are not simply a result of their asset selection prowess. Many external factors come into play. But what are the issues facing the professional money manager.

Commodity Trading Advisor, Genuine Trading Solutions of Toronto, find not all fund managers analyze their market risk. The company explains this is often due to a lack of education and a failure to understand the mitigating solutions for off-setting risk.

Genuine Trading Solutions President, Dwayne Strocen explains market risk as ?the unexpected financial loss following a market decline due to events out of your control.? He goes on to explain that stock or bond market volatility or market reversals can be the result of global events happening in far flung corners of the globe. Top analysts and fund managers simply do not have the resources to crystal ball gaze and predict those events.

Examples of several major unexpected events that sent shock waves throughout the financial community have been:

- 1982 Mexican Peso devaluation;

- 1987 stock market crash knows as ?Black Monday?;

- 1989 USA Savings and Loan Crisis;

- 1998 Russian Ruble devaluation;

- 1998 $125 billion collapse of Hedge Fund Long Term Capital Management;

- 2006 collapse of Hedge Fund Amaranth with losses of $5.85 billion.

In 1994 Bank J.P. Morgan developed a risk metrics model known as Value-At-Risk or VaR. While VaR is considered the industry standard of risk measurement, it has its drawbacks. VaR can measure total dollar value of a funds risk exposure within a certain level of confidence, usually 95% or 99%. What it cannot do, is predict when a triggering event will occur or the magnitude of the subsequent fallout. For some company?s and funds, a steep decline or protracted recession can be devastating. Even forcing some un-hedged firms into bankruptcy. A triggering event can have a ripple effect forcing people out of work and economies into recession effectively putting more people out of work. No person and no economy is immune.

If you own a mutual fund, chances are your fund is un-hedged. Until recently, mutual fund legislation prevented mutual funds from hedging. Many jurisdictions have repealed this rule however mutual fund managers have been slow or decided to continue with ?business as usual?. The reason is that most investors of mutual funds are unsophisticated and do not understand the hedging process and may re-deem their money from an investment strategy they do not understand.

Hedge funds on the other hand do not have these restraints. Investors are more sophisticated and are more open to the nature of hedge fund strategies. Some of which are not disclosed due to a fear of piracy by competing hedge fund managers.

Risk reduction solutions are not complicated but do require the services of a professional who understands the process. This is the role of Commodity Trading Advisor firms such as Genuine Trading Solutions, also known as a CTA. President, Dwayne Strocen states that while most CTA?s are hedge fund managers, few specialize in risk management analytics. Our focus is on the analysis of solutions to reduce or eliminate market and / or operational risk. No matter the role, all Commodity Trading Advisors are specialists in the derivatives market.

The first step is the value at risk calculation to determine a funds risk liability. A risk mitigation strategy known as a hedge is then implemented. After all, identification of one?s risk is only beneficial if a solution to off-set that risk is put into place. Hedging requires the use of derivatives, either exchange traded or over-the-counter. They can take many forms. The most commonly used hedging instruments are index futures, interest rate futures, foreign exchange, exchange traded commodities such as Crude Oil, options and SWAPS.

A more detailed explanation of derivatives and hedging will be discussed in our next article. Now that we?ve identified an easy solution for your market risk worries, the implementation of the right strategy can be as easy as a call to a qualified and registered Commodity Trading Advisor.Dwayne Strocen is a registered Commodity Trading Advisor specializing in analyzing and hedging Market and Operational Risk using exchange traded and OTC derivatives. Website: http://www.genuineCTA.com.

View more detailed information about Risk Management and Foreign Exchange Trading.