GREECE : WHAT A DISGRACE FOR THE COUNTRY THAT GAVE BIRTH TO DEMOCRACY
WHY TODAY DEMOCRACY IS NOT ALWAYS GOOD.WHY EXCESSIVE FREEDOM IS BAD THIS TIME.
Greece is paralyzed for the last two weeks from major union stikes as most people oppose th the insurance legislation reform that current Government tries to pass.
Under almost all circumstances Democracy is the best political system.Being Greek I am proud of our history as our ancestors were the inventors of Democracy.Ancient Greece created some of the best political ideas ever.
But things change.Sometimes drastically.What happens the last two weeks in Greece makes me feel total disgrace,anger,hate for many things.As current Government tries to reform the public insurance system by making radical changes such as cutting back the pension of many people in the future,increasing the age at which most people will be able to get their pension we must highlight a few top important things:
- The fiscal and monetary policy and bad management of previous governments namely the Socialistic Party (Pasok) was a total disaster for the country.These "Politicians" ruined the Greek Economy skyrocketing the fiscal debt by investing in non-productive resources and perks and making scandals.Take for example the collapse of Olympic Airlines.Now the funny thing is that the union labors are mostly supporting the Socialistic Party!It is an irony that people that made such a bad mess and harm to the Greek Economy now try to fight for its best thing!
- Current Government shows that it has no pulse,strength, power,respect.It tries to take radical decisions but they miss one thing.Seem untrustworthy as for two weeks they have let the country be abused by strikes in Electricity,Public transport,Financial System and most of all Public Health as the garbage collectors are on as trike and tons of trash and garbage have flooded the streets with a huge menace to public health.
- People who react to the insurance legislation must think someday soon that they have caused the public anger of most people as they pose a threat to ordinary social and economic life with immense negative aspects.Most people who deal with commerce complain that they have seen their income be evaporated due to strikes and their products have been altered in taste and conservation conditions such as frozen foods.When you cut the electricity and provoke chaos in social life not one time but repeatedly over many days you are not a hero.You are a criminal.You are nobody.When yo do not collect trash you are a criminal.After all it was your choice to do this filthy job.Yes you should be paid more but you just cannot refuse to collect garbage and menace my health.
What can you say to :
- People who had an car accident
- Elderly people
- Small Children
- People whose life depends on electrical power.
Protestants are criminals.Things have lost control.Lets get back to reality.
In the last elections I did not vote any politician party.In the land of democracy you cannot make compulsory the right to vote!Let people choose if they want to vote or not!
So in a nutshell :
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All governments in Greece are useless!Pasok created this chaos.New Democracy is trying to fix things with radical measures and high political cost but they are useless as they have failed to use the necessary backup services to make the Economy and Society work again.If these strikes are and should be illegal then why not impose legal actions,harsh ones immediately?
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Strikers are criminals for the above reasons!They have let the country paralyze due to their stubbornness and stupidity!
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A conspiracy is made,a silent one towards private insurance companies to grab this one in a time opportunity and fill the gap in private insurance!Private insurance has a lot room to grow in Greece but the services offered are not so good!
Being An Economist and a Greek citizen I feel total anger,disgrace and pity for what is happening in Greece.This is not an EU country but an undiscovered primitive country.
All have their responsibilities.Take action now or chaos,disorder and unpleasant situations will occur in a more severe way.
And all citizens should sue the public monopoly electricity company (ΔΕΗ) for huge amount of money.Even if it collapses.Also sue the people who work in the trash collection.Sue the incompetent politicians!
Take action now!
Greece deserves a better chance and life.We have had enough with the anarchy.
A post by Stavros Georgiadis at the blog http://www.themoneycosmos.com a money blog.
tags : Greece,Politics
What makes a blog successful?Blog questions and answers
Each day many new blogs make their debut on the web and the blogosphere,just like Visa (ticket : V ) made its premier today on the NYSE.Most blogs are doomed to fail simply because the magic key to success seems not achievable over time and interest and enthusiasm is lost.
Out of the blue new blogs make their shy appearance on the web.
Popular blog thems and topics are :
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Money
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Business
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Sex
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Travel
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Investment
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Lifestyle
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Personal
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Marketing
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Advertising
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Scams
So what is the most important key to success for a blog?What makes it to be top,best,etc?
It is traffic,readers,design,links popularity.
A blog with many readers is a good one?How many is good enough?
If design is catchy then a blog with a good flashy template is better than one with a modest template?
Is a blog with ads better than one with no ads at all?
If a statement I make this amount of money on the web so important to make others trust in you?Remember X-Files and Mulder saying "Trust No one"?
So if I have only 20 readers and a money blog then my blog is a total crap.I guess you can claim it.Or not?
Should I stay or should I go?
What defines quality versus quantity?Is it the content or the number of posts or links?
Just wondering in the blogosphere.
We have moved to our new blog
http://www.themoneycosmos.com/We will transfer all our articles there too!So feel free to visit us to our new address!
Best regards
Labels: finance, money
ForexInterbank business dispute with ForexSynopsis!
Ok so the story is very interesting!I decided to invest 1800 USD in their co-branding business last summer,In June 2006 and registered my name ForexSynopsis at http://www.forexsynopsis.com
I had no sales at all and when I woke up from my sleep for well and strated promoting my site wrting articles and hirin a SEO company they started making comments like do not place the blogger button on my site as it is empty! with 4 articles how is it empty? etc.
Basically I had no metatags at all in order to promote my site and when I hired a SEO company this month the real party begun!The ForexInterbank started telling me about the fact that the SEO company will be responsible for any damage done on my site and that they will deactivate my pay now buttons for secure reasons!When I asked for all the flash content to be removed as it was not search engine friendly at all they removed without my consent my blogger button from my site!The fact was that they did not want me to have sales and pay me 50% of the commission!That is why they never offered me any promotional or advertising help although I asked for it many times!When I told them that I had many ideas and wanted to place new pages,eg a bookstore about trading they strated again making comments like that I will promote my competitors!I wanted to add software for trading and other business stuff and they did not like my idea!So because I realized soon that there was a strong conflict as they actually never wanted me to make any slaes as they admitted it in their email saying the famous 50% commission that thy would have to give me I decided to terminate officially our co-branding opportunity and the obvious was to ask for a full refund of the amount invested and then take back my doamin name as I paid for it!Then the CEO John Keister started acting like a fascist and dictator!
1.Restricted immediately access to me to my stats and admin area
2.Deactivated my access to my business email admin@forexsynopsis.com
3.Removed my blog from my homepage!
4.Wrote me an email telling me that it will be difficult to find my right being in Greece and called me a dishonest man!
Well I am in Greece but I am also aware of the fact that good ethics are necessatry tfor doing business!I know that very good as I am a level II candidate in the CFA program where ethics is a very important part!
I will not let this pass as I will try to find my right the best way I can!Tht;s a promise!I only asked my money back to terminate our business as I realized that they did not want me to make any good business at all!And I will not tolerate any dictatorship especially being Greek,and Greece is the country that gave birth to Democracy!
The war has just begun!And it will be relentless until I get justified!No matter what!
Stavros Georgiadis
This article aims to uncover the many myths that exist about trading the forex market and all the promises and lies that exist.The main target is to be realistic,honest, and down to earth because marketing is a very good friend but can also be a terrible enemy.
So we start with the synopsis of what is truth and waht is not and waht is the main enigma to be solved.Here we go :Truths :The forex market is the largest and the most liquid financial market at this moment and probably will continue to be as daily transactions are far beyond the trasactions made by the major US stock amrkets.There are no commissions in forex market.Truth and false the same time.There are not but it is hidden with the spread of 2-3 pips in most brokers.The brokers win from the pip spread so the difference is their commission.There is a lot of potential in terms of huge profits as there is a great leverage in most cases over 100 times.Most technical analysis of stocks,commodities etc apply to the forex market so if you know about it you can trade with more confidence the forex market.The forex market trends well so if you follow the trend and do not fight it the chances are that you will make money.True but also requires further explanation.This is next.
Ok.So now lets refer to all the lies,promises and marketing promotion ideas.It is easy to make a fortune in the forex market very quick and easy.That is why most people fail and lose their accounts completely in a very short time.Remember what I said about the leverage earlier?With up to 100 times it is great when you are right and awful when you are wrong.Most brokers entice people to open a small account with 200-300 USD just to trade their platform live.Very soon this money is vanished and you are left wondering what happened.Some claim that they make extraordinary profits evry month.It is possible but in most cases is not,it is just a bait.The worst of all is when they promise that you can learn trading in a very short time and open a new account to trade just o lose the whole amount very very soon.And by the way today as it is the first friday of the month is is the best day for brokers and the worst day for traders as there is the release of Non Farm Payrolls.For brokers it is a paradise as the earn from your trades in a very unpredictable way on this day.For traders it is a nightmare as they could win big or lose a lot within seconds.It is just not worth trading this day.
So to recap.The forex amrket is the best market in terms of market efficiency,depth and is definetely worth taking a look if it is only ok with your level of trading experience,risk tolerance and investment horizon.It requires a lot of research and paper trading first and is a market that you can win a lot or lose evrything within days.So do a lot of extensive home work.Start with a business paln and first with the answer to the question why do I want to get involved with this market?Am I sure to make it?Or is it best to spend my money elsewhere?At least I will enjoy some shopping etc.
Successful trading in all markets requires a lot of hard work.Nothing comes easily.When it comes to forex trading definetely it is not easy to make a fortune as promised.It is not impossible neither but it will not happen in a few days and if you do not apply from the beginning very strict money management rules.And above all be realistic.Do not spend your money away particularly on a day such today with the NFP coming out.Invest in knowledge,experience,self-control,desire and motivation to succeed and be realistic.Marketing is a great tool is used properly.
Psychology!How much really is important for trading?With one word : very!Not only it affects all our decisions and mood but it could lead us to extreme situations.The reason I am writing this article today is because it is my nominal celebration and one of great celebrations for Christians who are Orthodox like me.So as I went early in the morning to the church a lady who knows me as she was a long time ago one of my family tenants gave me unexpectadly a rose!A move so sincere and kind that surely made my day a whole lot happier!Will I trade today?Probably not because I cannot get concentrated due to phone calls.But do I feel inside me ready from all aspects to trade?Did I say all aspects?What are those?At least the most important ones.Lets make a list :1.I do not feel sad,upset,angry,furious,anxious,dissapointed with any issue of my life.2.I do not have to rush anything because I have a stict plan and I follow it so if no trade comes up no trade.3.I am concerned with a topic that could cause me either overjoy or instantly a hunch and will make a wrong trade,a silly one.4.I do not feel pain or are sick from whatever reason5.I do not have to prove anything!Not to myself not to my family,friends.Trading is not about self-esteem or pride,it is about making sound decisions that have great probabilities of making money.6.I have a written goal to accomplish,a small or large payment to make and expenses that require immediate cash.I feel like being haunted by my potential debt and need to repay it as soon as possible.7.My mind is not focused lately.I deal with a lot of things and have many priorities which cause me to be nervous and have plenty of stress.The list is endless.But our life unfortunately and time is limited.And precious.We all need a balanced life.The key to success is to try to be happy and live each day and moment.If we are happy we can accomplish a plethora of things.At the end it is all about our emotions.Remember the old song " Don't worry,be happy "?Sure hapiness is a powerful thing.And a great igredient to our balanced life.So if we are to trade we must feel confindent that we are in a mood to do so.If not we would better stay out of the markets as long as it takes.Patience is a virtue.I wish I had this German car that has a flower vase so each day I could put a different flower to make my day more beautiful and happy.Small things that we often neglect but are precious.Have the nice state of mind and soul and with the appropriate psychology it could do wonders for your trading results.Now,tomorrow,forever.
http://www.forexsynopsis.come-mail : admin@forexsynopsis.com
Indy, or Indian Jones was one of my favorite heroes.Remember the movie about the holly grail and the scene where he has to choose between the holly grail and his life?And although it seemed that he lost from his touch the holly grail he gained his life!What is more important than survival first?Investments are no different than the eternal search for the holly grail!If someone finds the system that is 100% foolproof then here we found within seconds the next billionaire at the cover of all major economic magazines!Stop for a moment!Look around you!Is there a chance for someone to discover the one system that beats everything else all the time and make someone extremely rich?And if someone becomes so much rich why would he or she want to share the secret with others?Why?After all if more people learn about this idea it will eventually be useless as some will try very early to get a spot and the effectiveness will go from 100% towads zero as fast as a supercar accelerates from 0-100 mph!So what is the point?Come on give us a synopsis!Some systems and trading ideas are better than others indeed.But no one is the best!Investing is a very fascinating thing!For start there are a lot of options from the traditional stocks to more risky ones such as options and also other altenative forms such as real estate or hedge funds.Have you ever thought that since the idea of the holly grail is that it is unique that could it be possible that such a system if it existed it would be impossible to fit for all occassions?Investing in stocks is much more different than investing ir real estate or precious metals.But the marketing which is something very powerful these days wants us to believe that there are gurus everywhre fallen from the sky as angels!Ok so Dear God,if not the holly grail please pass me the best guru to make me rich!Silence again.Why?Investing builds on some major steps.Education,training,experience,solid risk management,control of emotions,balanced life and motivation.Yes motivation and action.Being an Economist I discovered very soon the idea and passion must say of learning how to invest properly and hopefully make it a career.But what someone needs is also passion.It is no fun watching the ticks of stocks movements or forex quotes.But if someone tries to make money out of it there is a cost.And the best way to pay this cost is to be a pioneer.Experiment with what you know or do not know about how the markets work.Put the odds in your favor making your analysis.You do not need to buy each book claiming that it has the one system that will make you rich or subscribe to a service or newsletter paying thousands of dollars per year.Be open-minded.Why pay a lot of money when the real cost could be much less?Is it impressive to cost you a few hundreds or thousands of dollars for their access to the holly grail that does not exist?Why to share it with you and split the profits?On the other hand paying for research and guidance at a reasonable price is defintely not a bad idea if you trust the author and offers extreme good customer service.But once you learn how to invest even with the most basic way why would you need a mentor anymore?Have you ever wondered that if you win and make profit the key to success is consistency?Think of it.If you only could make lets say 5% each month and compound this amount each month then if you can do this for 10 years each month an initial amount of 10,000 will reach the amount of 348 times higher that is 3,5 million dollars.And if that investment is in stocks and add some quality meaning dividends earned then it could be much more.Ok 5% each month each month for 10 years may seem irrational to you but my point is to use it as an example.Change the numbers and inputs.Do your own homework and research.Diversify!Apply very good risk-management criteria.Have a passion for it.And a dream and a goal.My goal is to learn as much as possible about the financial markets and be a good trader.I may not become a top one but at leat this is my holly grail : Consistency and Compounding.Keep it simple.All the best to your efforts and trading results.
Stavros Georgiadis
http://www.forexsynopsis.come-mail : admin@forexsynopsis.com
Forex Market : A synopsis of what it takes to trade with success the forex market
This is the first article of a series whose purpose is both educational and practical. And above all they aim to be interactive meaning that any comments suggestions or ideas are more than welcome.
Lets start from the basics. The first thing someone needs is very good education. And this requires a lot of thorough research as there are many sources but not all are worth the money for their services. So in this sense an online forex course could be a good idea along with some books. But here comes the first major problem. Which course and which books, which aspects to cover? The technical analysis issue? The maxim goes with the trend? The candlesticks analysis? And which system to use and follow? There are thousands of them! So before we even begin a trader is confused. And confusion is a very bad enemy but it can be arranged. How it can be arranged? With some simple steps. Such as simplicity. The more you know the better chances you have to succeed trading forex and it all comes down to probabilities.
Education is a must to all trading aspects from stocks to futures to forex. But forex has two unique features. High liquidity and extremely high leverage. And although the liquidity is a very good feature high leverage is not. At least not until you know what you are doing. Here we focus again on education. Besides a participation in a forex course either online or not, an amount that will be put away as an investment for education is the first thing a trader must do. Some ideas are to focus on analyzing the current conditions of the market and to have a bias for a specific currency pair. A system such as following the trend could be the core of a trading strategy. And a demo account with many virtual trades as many as possible for a long period of time is the next step.
Now the most important part of the trading action is to make a plan, stick to it and apply very strict money management rules because if the capital is finished and it very easy this to happen then our trading career will finish within a few days, months or even hours.
Lets face the truth that trading is not easy. It is unfortunately far easier for someone to lose all his account rather than make wild profits beyond each expectation. That is because emotions and psychology are very crucial for success. Some of the most important emotions are fear, uncertainty, euphoria and revenge. Revenge comes into play very often as when someone loses an amount wants desperately to get it back and often the outcome is that more loses come simply because the trader is on the wrong side of the trend!
Discipline and patience are virtues that distinguish a good trader from a mediocre trader. Without specific goals and a written procedure a trader is like a cargo ship that has sailed without any destination. Someday the fuel will be exhausted and many dangers from the weather to the potential physical damages may happen. Risks exist all the time. The point is how to deal with them.
One of the most useful phrases is taken from the movie Forrest Gump.Life is like a box of chocolates, you never know what you going to get!
It is true. Be as prepared as possible. Do not let the brokers excite you promising very high returns and extremely high leverage? Do some very thorough research before opening an account funded with real money. Compare the bid-ask spreads and technical support to name only a few aspects.
Be very skeptical to previous results as offered from many signal services. The major aim should be to learn to trade and make your own decisions and not blindly follow some others decisions and opinions. Confidence and experience come with the passage of time.
So we mentioned simplicity before. Being realistic and having a controlled life balance is very important. One major goal should be consistency so as to have the ability to make profits each month and keep them.
Fundamental news is another important issue and in essence the technical analysis is the mirror of fundamentals. Expectations change rapidly and emotions also. And if you think about it emotions and expectations mainly move the forex market. Most times like the recent Fed rate hike decision a move is under way but the danger is when it will be finished and certainly not getting in at the wrong time after all the move is completed.
The best approach for a trader would be to set specific goals and if achieved then stop trading. The worst idea is to trade in a choppy market where random noise will make it difficult to get specific profits.
So a tested system with very precise rules such as entering exiting and having stop-loss orders may not be a holly grail but is surely one very good approach to start with and focus on it. Pivot points are such a system. At least it is a good start. They encompass education, discipline, strict criteria, and targets and are a proven system that major players use. They are not foolproof always as nothing is certain but they deal with high probabilities and this is very important.
Also a very practical way is to act as organizes as possible. Meaning that:
1.Develop your own trading journal where you will be writing down your trades and a brief explanation of what made you place a particular trade so as to evaluate performance. Note each day the major economic releases if any because it is often wise to be out of the market before the release of the news and trade only after having a much clearer opinion of what price action may be. Remember it is all about high probabilities.
2.A risk/reward ratio of 1:2 meaning that you risk an amount to get at least the twice if all go well is suggested but sometimes it is best to be conservative and even apply an 1:1 ratio by applying very strict risk management risking no more than 2-3% of total capital per trade. Survival is everything.
3.It would be a good idea from time to time to have breaks from trading. Opportunities exist always so stopping trading when losses of 10-20% maximum of trading capital have accumulated is a good way to revaluate what is going on before a large amount of capital is lost. Trading is not gambling it is a way of investment. The philosophy should be to define realistic goals such as a number of pips per day and if achieved then stop trading. Greed is another bad enemy of traders. On the contrary the notion of compounding profits and retiring a portion of them each month is a good way to build a solid account and keep monitoring its growth.
So in this first article we touched briefly many ideas from education to psychology to a proven trading system etc. Each idea will have more in depth analysis in the very near future. Your comments and suggestions will help us a lot to focus on what you need or want to analyze. Above all interactive communication brings the best results.
http://www.forexsynopsis.com/e-mail : admin@forexsynopsis.com
