Your Gateway to Wealth & Abundance

Our goal is to provide you a wide range of information on wealth psychology, education, tools & techniques, financial planning and management. We sincerely hope you find this website useful.

Decide > Commit > Act

My Wealth Mastery Rss

PipFisher Trading System

Posted by admin | Posted in Forex Trading | Posted on 23-10-2008

An automated system you can finally trust to make money in Forex market!!

PipFisher is different from other systems that it is very strong in money management. All systems that you find and fail are because they are built on assumption of finding a perfect entry and perfect exit. Very little focus is made on strong money management. On the other hand PipFisher is built on the concept of preserving the capital while making money consistently.

How Does it Work ..

This system has a very strong foundation for entering trades which have extremely high win/loss ratio. But the strongest point of the system is the money management. The system is designed on the theory of making enough winning trades to recover the loss of a portion of your capital that could happen from an occasional big loosing trade. The system calculates statistical probability of a winning trade before deciding if a trade can be taken. In the strategy adopted by the system the conditions for large loosing trade do not happen that frequently. Due to these conditions the system is capable of recovering the loss in a matter of 6-8 days and sometimes even less.

Besides other money management strategies this system also benefits from the guidance from my forecasting system. My forecasting system provides the guidance in terms of high probability directional bias and system adjusts the risks accordingly.

What Can You Expect from the System..

PipFisher generates on an average about 30-35 pips almost every day which on a conservative setting could give 2-3% gains, on moderate leverage settings it will be 4-6% gains and on aggressive settings can result in 6-8% gains every day. If your technical and fundamental study indicates that this pair is not in a trend defining moment then you can take the risk to increase the leverage and just 4-6 such days in a month can give you 25-35% gains on your capital. If the currency pair is in a trend defining or breakout moment then conservative or moderate leverage is recommended.

In live trading the system has been giving almost same trades and performance as was indicated in the testing.

Performance Results

PipFisherhas the potential to give anywhere from 25-75% gains on initial capital in a month, however no system can yet be claimed to be a HolyGrail of trading this system offers much higher chance to make good gains. I recommend users of the system to regularly take profits out of the account when gains of the order of 30-50% have accumulated. In short time you can take out all of your original seed capital and continue to trade with the profit money. Also if the most difficult scenario hits this system you will still have money to trade and recover the losses.

Click here to Order your copy of the PipFisher Forex Trading System!

MONEY-BACK GUARANTEE - 4 Full Weeks - Risk-Free on standard package

Get it. Learn it. Paper trade it. To get your money back, you must take all the trades as the system dictates for a full 4 weeks. It is perfectly OK, and recommended, that you do this trading on paper and not risk your trading account until you are fully convinced of the power of the PipFisher Strategy. If a big trade is stopped out close to expiration of evaluation period then another 10-15 days must be given to see efficiency of the PipFisher system before requesting the refund. It is recommended to take profits out when you have gains of 30-40% of the capital. If the system is not profitable…just request a refund!

4 Key Questions to Gauge Your Trading Success

Posted by admin | Posted in Forex Trading, Paper Investments, The Psychology of Wealth | Posted on 11-10-2008

The attitude of the individual trader (part of the important aspect of trading psychology) plays a huge role in success (or failure) in trading. For a trader to become successful, he or she must enjoy the “process” of trading. I have a few questions below that will help determine whether you are a good candidate to become a successful trader–if you don’t feel you already fit into that category.

Here are a few questions to help determine if you are, or will be, a successful trader:

1. Do you enjoy the entire process of trading - from studying charts, reading about and learning fundamentals, listening to and learning from mentors, and even figuring out what mistakes you have made in previous trades, and how you will improve from those previous mistakes? (Remember, a trader never stops learning and should never stop seeking knowledge about markets and trading.)
2. If you are a beginning trader with less than a couple years experience, are you willing to use the very sound money management principles required for survival in trading–even if it means meager profits (or meager losses) the first year or two?
3. Do you have the “patience” to wait for good trading opportunities to develop, and then have the “discipline” to follow your trading plan once you make the trade?
4. Are you the type of person who CAN stand to lose, and can you accept that trading losses are your own fault? (This is a very important question, because the typical trader has a more competitive personality. Remember that even the most successful traders have losing trades–and sometimes several in a row.)

If you have answered “yes,” to these questions, then your road to trading success will be less rocky. If you answered “no” to any of the above questions, then you face a more difficult task on the road to trading success, and you need to figure out what changes you should make to make the “process of trading” more rewarding.

RBA Lowers Official Cash Rate by 100 basis points!

Posted by admin | Posted in Paper Investments, Forex Trading, Debt Reduction, Business Investments, The Psychology of Wealth, Real Estate Investments | Posted on 07-10-2008

At its meeting today the Board decided to lower the cash rate by 100 basis points to 6.0 per cent, effective 8 October.

Statement by Glenn Stevens, Governor Monetary Policy RBA

Conditions in international financial markets took a significant turn for the worse in September. Large-scale financial failures in several major countries were accompanied by serious dislocation in interbank markets and heightened instability in other markets, including sharp falls in share prices. Official actions in a number of countries have been aimed at restoring stability, by adding to short-term liquidity and laying a foundation for longer-term recovery in the health of balance sheets. Nonetheless, financing is likely to be difficult around the world for some time ahead. This is also affecting Australia, albeit by less than in many other countries, given the relative strength of the local banking system.

Economic activity in the major countries is also weakening, and evidence is accumulating of a significant moderation in growth in Australia’s trading partners in Asia. The expansionary effects of the recent surge in Australia’s terms of trade are still coming through, but some decline in the terms of trade now looks likely over the coming year, with many commodity prices having declined from their peaks. This, combined with the likelihood of below-trend growth in the global economy, suggests that global inflation will moderate in 2009.

Thus far, the overall path of economic activity in Australia appears to have been close to what the Board had expected, with the needed moderation in demand occurring. The next CPI is likely to show an increase of around 5 per cent over the four quarters to September, but the Bank remains of the view that inflation will start to decline in 2009.

The recent deterioration in prospects for global growth, together with much more difficult market conditions even for creditworthy borrowers, now present the risk that demand and output could be significantly weaker than earlier expected. Should that occur, inflation would most likely fall faster than earlier forecast.

Given that background, the Board judged that a material change to the balance of risks surrounding the outlook had occurred, requiring a significantly less restrictive stance of monetary policy. The Board also took careful note of movements in funding costs in wholesale markets. Having weighed these considerations, the Board decided that, on this occasion, an unusually large movement in the cash rate was appropriate in order to bring about a significant reduction in costs to borrowers. The Board does not, however, regard that movement as establishing a pattern for future decisions.

The Board will continue to assess prospects for demand and inflation over the period ahead, and set monetary policy as needed to bring inflation back to the 2-3 per cent target over time.

Tips on saving money

Posted by admin | Posted in Debt Reduction, The Psychology of Wealth | Posted on 05-10-2008

Consider yourself first when it comes to saving money. Get yourself turned on to the idea that your financial future will be prosperous as a result of your efforts.

Set aside 10% of your income, just for you. By that I mean set them aside on a savings account with higher interest rate then your normal account. What is important is that the money is out of reach. If you save them on an account where you have easy access, you will more easily spend them. Get them out of your life! Not in your pocket!

You can also be well off saving in funds. Pick safe funds when you pick, do not go for high risk investment funds or you might end up resenting your saving plan.

Be also careful with credit cards, as a consumer you are better of with no credit on your account. This does not mean that you should not use plastic cards. You can easy use a debit card that does not allow you to withdraw more than you have on your account.

Let the planning of saving and budgeting be fun and be creative with it. Do not look at it as something you have to do, then it becomes very heavy and you might end up felling poor since you have to deprive yourself from all ‘The good things in life’.

Now, watch out for this one. The ‘I deserve it’ mentality lets you spend money like crazy without thinking of the consequences.

You might think that you have done well for a while, so now its time to spend money again. If you follow that impulse you will have great difficulties in saving anything. You need to be consistent with your financial planning and not go in fits and starts about it.

Remember this: all the good things in life are not necessarily expensive. If you plan ahead and prepare yourself a nice lunch box instead of going to the restaurant you can actually save a lot of money.

Stopping yourself from buying things on impulse also gives you a lot of power and personal financial freedom, because you have money left over for the things that is really needed. Plan your shopping ahead and stick to the list.

Next time you come home from shopping try and recall what you actually went out to get. Most probably you will see that you have ended up buying something that you did not plan. Plug these leaks and you will prosper!

Beware of little expenses; a small leak will sink a great ship - Benjamin Franklin