Online Day Trading - Free Helpful Tips for Beginners

Day Trading is a very lucrative field and there are many millionaires that have made their money by trading stocks, currency, bonds, and investing in mutual funds. Day Trading is clearly a phenomenon of our times. It is one of the most popular forms of trading because the only components you need are a computer and an Internet connection.

Important: The tips presented in this article mainly applies to online day trading. But these info can also be used for commodity trading, penny stock trading and currency trading.

What is Day Trading?

Day trading simply means not holding any position beyond the current trading day; i.e. closing all outstanding positions by the end of the session putting you 100% into cash overnight. Some of the more commonly day-traded financial instruments are stocks, stock options, currencies, and a host of futures contracts such as equity index futures, interest rate futures, and commodity futures.

But don't be fooled by all the glory of day trading. Day trading is extremely risky and can result in substantial financial losses in a very short period of time. You won't learn online day trading in a single day.

Trading is like most business: it requires commitment and perseverance. It is necessary to plan your trading business and prepare a proper strategy for achieving success at online day trading. Here are some tips that will help you to succeed with online day trading:

• Never get emotionally involved in your trades.
• Go to seminars on online day trading, use simulations if possible and practice reading market indicators.
• Don't make the mistake of plunging into any form of online day trading without spending the time to learn what you're doing.
• Make sure that no one trade is really going to affect your day trading float, positively or negatively.
• If you profit large sums of money, stop trading. Do not gamble it away by trying to gain even larger profits.

Characteristics of Successful Traders

If you want to succeed with online day trading, then you should do exactly what the professional traders do:

• Winning traders understand that winning in the markets means "cash flow".
• Successful traders use different online day trading strategies are on different days and on different markets.
• Successful traders know that trying to hit a home run is a sure way to get burned.
• Successful traders make decisions based on fact and analysis.
• Most successful day traders have a true love or passion about their online day trading activities.

In Conclusion

Although online day trading is risky, it does have big rewards if you know how to play in this game. Plan your trade and trade your plan. Cut losses short. Learning the technicalities of trading takes time but it's possible to master it.

Markus Heitkoetter is an expert on information related to Day Trading and Online Day Trading. For more information visit his website http://www.free-daytrading-info.com/

Economic Growth and Poverty Reduction - Making Growth Work For the Poor

1. Introduction

The question of whether economic growth leads to poverty reduction is a subject of major contention today. The neo-liberal view to this issue is that growth is good for the poor, and that poverty can be alleviated through economic growth. In this essay, I argue that unless the poor participate meaningfully in the economy and the constraints that hinder their participation are removed, growth on its own cannot help in poverty reduction. The state should also play a major role in making the poor benefit from growth by pursuing pro-poor policies. In the subsequent paragraphs, I define what pro-poor growth is; spell out the constraints to pro-poor growth and what can be done to make growth benefit the poor.

2. Definition of concept: pro-poor growth

According to Ravillion and Datt (1991:19), pro-poor growth can be defined as ‘growth that involves and benefits the poor’. In other words, pro-poor growth requires the maximum participation of marginalized groups in all sectors. Ravallion and Datt further argue that pro-poor growth is, inter alia, characterized by what they call ‘deliberate transfers to the ultra poor who are not able to lift themselves out of poverty. In essence, the argument that they are advancing is that the poor need help or intervention in order for them to benefit from growth. This means that pro-poor growth is a deliberate intervention to make the poor benefit from growth rather than leaving the poor to the fate of the ‘invisible’ hand of the market. It has to do with setting an enabling environment in which the poor have the opportunity to participate meaningfully in the economy.

According to Kydd et al (2001:10) pro-growth will occur when the following conditions exist:

 Price or productivity increases in tradable products with high average share in the poor’s expenditure.
 Price and productivity increase in tradable products with high labour inputs by the poor.
 Changes in technology or reduced barriers of entry, allowing the poor to engage in production of non-tradables which they could not previously engage in or
 Gains in the significant numbers of non-poor, which lead to expanded demands for goods or services, produced by the poor as a result of upstream or expenditure linkages.

It is important to note that not all growth is pro-poor. Here are some of the characteristics or aspects of growth which are not pro-poor:

 Disparities in wealth distribution
 Increases in rural poverty
 Growth that ignores agricultural development despite the role that it plays in poverty alleviation
 Lack of investment in health and education, which play a critical role in poverty alleviation
 Failure to mitigate inequalities and lack of programmes aimed at addressing the needs of the poor (www.seurities.com).

As Acocella (1998:162) notes, it is critical to remember that growth does not always lead to human development. Growth may occur without any significant impact on human development, especially with regard to the poor. Acocella further argues that real development or growth occurs when there is improvement in the well being of people. Growth that does not lead to improvement in the welfare of people cannot be said to be developmental in nature. Genuine growth, as Ferro et al (2002:4) note, should lead to human development, and this entails ‘empowering the poor to contribute to and benefit from this growth’. It is clear that pro-poor growth does not occur automatically without the implementation of the right policies that will be instrumental in facilitating its manifestation. There are polices and practices that may hinder pro-poor growth from taking place. I examine a few in the next section.

3. Constraints to pro-poor growth

For pro-poor growth to occur in any society, it is important to ensure that all the barriers that prevent the poor from reaching their goals are removed. Failure or reluctance to deal with such barriers may frustrate the progress of poor people and may ultimately hinder any poverty reduction strategy from successfully addressing the issue of poverty. Here are some of the constraints that can negatively affect pro-poor growth:

3.1 Inequality and lack of access to market

It is difficult to pursue pro-poor policies in countries characterized by inequality. Stewart (1995:209) argues that it is difficult to develop pro-poor policies in inegalitarian societies. He gives an example of inegalitarian societies such as Ghana, Mexico and Philippines, where he argues that growth has not made any impact on the poor. These societies are contrasted with Indonesia ‘with a more egalitarian structure to start with and a more pro-poor pattern of growth’. Other examples given are East Asian societies, which due to their effective policies of dealing with inequality were able to reduce the level of poverty in a dramatic way. This means that there is a relationship between poverty and inequality. May (2002:2) also shows that policies of inequality pursued by the apartheid government in South Africa were not good for poverty reduction as they excluded certain groups from participating in the economy of the country. The propagation of inequality led to ‘loss of assets such as land and livestock and simultaneously the denial of opportunities to develop these assets through limiting access to markets, infrastructure and education.

The problem with inequality is that it results in social exclusion where certain groups are denied opportunities or services. The exclusion of the poor from participating meaningfully in the economy can negatively affect their well being. In an economy where inequality is low, the poor will tend to get a higher share of the benefits from growth as compared to an economy which is characterized by a high degree of inequality. As Ravallion and Datt (1997:7) show, ‘inequality in the ownership of physical and human assets are likely to influence the prospects of poor people to participate in economic growth’. Policies that are pro-poor will ensure that the poor have access to markets and infrastructure. It is clear that in cases where there is no equality amongst the different socio-economic classes, reliance on market forces and the invisible hand of Adam Smith to meet basic needs is merely wishful thinking.

3.2 Fiscal constraints

Governments, especially in the developing countries are finding it hard to pursue pro-poor growth policies and approaches for poverty alleviation due to fiscal constraints. Structural Adjustment programmes are in most instances making matters worse. The reality is that governments are usually faced with the challenge of having to reduce expenditure in social services, which are supposed to benefit the poor. This means that less money is spent on important services such as health, education and other basic services. Cuts in government expenditure directly affect the poor (Howard 2001:57). However, it is important to note that the state is faced with global challenges and constraints in its attempt to pursue policies that are good for poverty alleviation. There is global pressure for the state to take a less ‘directive’ role in the economy.

3.3 Reducing the role of the state

The liberalization of markets which goes with globalization is among other things advocating for the rolling back of the state, the repeal of restrictions on prices and on quantities moved and stored. As Howard (2001:57) rightly notes, the ‘liberalization of financial markets increases poverty and inequality’. As part of globalization, governments are forced to liberalize their markets. However, the critical question is whether liberalization of markets benefit the poor. There are mixed reactions to this. There are those who view globalization as beneficial to the poor, especially with regard to opportunities it offers for trade and new markets. On the other hand there are those who view it as harmful.

As Levinson (2001:11) shows, globalization ‘benefits the poor in some countries and harm those in other countries’. Although there is a general call for ‘rolling back the state’, in order to give way to the markets to work (if ever they work), the state has a role to play especially pertaining to things that individuals cannot do for themselves. It is common especially among the poor to find people who cannot participate in the labour market due to old age, infirmity, chronic illness or otherwise incapacitated, socially excluded or discriminated. The poverty of such people according to Streeten (1995:253) cannot be removed or alleviated by relying on the market, but by deliberate ‘pressure for social services and transfer payments and elimination of discrimination’. The emphasis on reducing the role of the state in the economy can have negative impact on pro-poor growth.

For pro-poor growth to take place, the state should play a crucial role in the redistribution of resources and opportunities through the transfer of assets, prioritization of the poor in public spending and in managing market liberalization to protect the livelihoods of vulnerable people. As Ferro et al (2002:19) point out, ‘government is an instrument of the people in the development process’. Hence government can play a crucial role in pro-poor growth by developing the right policies for addressing poverty.

4. What can be done to benefit the poor?

The following are some of the things that can be done to benefit the poor:

 There is need to focus on development of human capital, especially among the poor in order to prepare them to participate meaningfully in the economy.
 The poor must have better access to markets, especially with regard to credit
 There is need to correct biases against the poor in public spending, taxation trade and regulatory environment.

5. Conclusion

Pro-poor growth policies are essential for the meaningful reduction of poverty. The 2015 target of halving income poverty can only be achieved if countries can adopt pro-poor growth strategies. It would be difficult to attain the 2015 target without ‘pro-poor shift in distributional patterns’ (Mutume 2000). Something must be done to improve the position of the poor by providing opportunities that will make access to markets easier for them. Worth noting is that even in cases where markets work, they may not always work in favour of the poor given the constraints discussed above.

If these constraints are not dealt with or removed, growth will have no meaningful impact on the lives of the poor. There is need to learn from past failures regarding the relationship between growth and poverty alleviation. Sen (1986, cited in Sachs 1991:292) illustrate this clearly: ‘country after country has learned the hard way that the so called trickle down theory is fallacious, that growth can be immiserizing, that famines also happen in periods of boom when people’s entitlement does not allow them to buy and/or produce the food necessary to keep them alive’

Given the level of poverty in the world today, there is therefore need for change in strategy or approach in dealing with poverty reduction by making growth pro-poor. This entails, inter alia, an understanding that growth on its own cannot address poverty. The Director of the World Bank, Ian Goldin indicated the importance of pro-poor growth: ‘we have come to understand that economic growth, though necessary, is not enough to deal with poverty’ (Sunday Times, 1 September 2002: 15).

6. References

Acocella, N. 1998. The foundations of economic policy values. Cambridge: Cambridge University Press.

Ferro, M, Rosenbatt, D and Stern, N. 2002. Policies for pro-poor growth in India. http://www.arts.cornell.edu/eco/India.

Howard, J.2001. Making globalization work for people. Fundamental rights at work: overview and prospects, 122: 55-60

Kydd, J, Dorward, A, Marrison, J and Cadisch, G. 2001. The role of agriculture in pro-poor growth. http://www.wye.ac.uk/Ag

Levinson. J. 2000. Globalization and poverty. University of Michigan. Ford School of Public Policy, National Bureau of Economic Research.

May, J. 2000. Growth, development and inequality, in Phillip, D (ed.). Poverty and inequality in South Africa: meeting the challenge. Cape Town and London: Zed Press.

Mutume G. 2001. Finance: are the IMF and the World Bank policies pro-poor? http://www.oneword.org/ips2/angoo.

Pieterse, J.N. 2000. Development theory: deconstruction and reconstruction. London: SAGE Publications.

Ravallion, M and Datt, G. 1999. When is growth pro-poor: evidence from the diverse experiences of India’s states? http://netec.mcc.ac.ukl/wopec/data/papers

Stewart, F. 1995. Adjustment and poverty. London: Routledge

Streeten, P.P. 1995. Thinking about development. Cambridge: Press Syndicate of the University of Cambridge.

Sachs, I. 1991. Poverty, progress and development. London: Kegan Paul International and UNESCO.

www.seurities.com

Introducing the Windsurfing Guide That is Perfect for Both Beginning and Experienced Windsurfers

Windsurfing is the most dynamic sport you’ll ever know.

The feeling of capturing the wind, riding it across the water that splashes as a welcome relief from the melting sun is only part of a windsurfer’s daily thrills. Whether taking in the light smell of a lake or the rich smell of the ocean and its bay, there is no doubt that the surrounding majesty of the water is a primary incentive for windsurfing.

This is a truly young sport, born about 40 years ago in Southern California. It is the brainchild of an engineer and a businessman (a sailor and a surfer, respectively). It took about a decade for windsurfing to gain extraordinary popularity in Europe. The fever then spread back to its birthplace, and the sport hasn’t looked back since.

It’s still developing, with better equipment coming out each year. It’s truly cutting edge.

And did we mention that you can get up to 50 mph?

Pro windsurfers use the ocean like a skate ramp--spinning on a dime, riding tremendous curls, jumping 30 feet or more from the water’s surface. Sound like fun? Well, it’s a long way from here to there, but it’s also a very fun journey.

This is one of the things you won’t regret. There’s a certain feeling you’ll get from this sport; people define it in all sorts of ways--abandon, excitement, adventure. It boils down to feeling alive. Few activities can do it this well.

And for those who think it’s too complex, too athletic, too expensive, too…well, not them, I say this. You’re wrong. All of the above challenges can be surmounted.

If they’re challenges at all.

Unless you live somewhere extraordinarily dry, such as the deserts of the southwestern U.S.A., chances are you’re close to a body of water that can support windsurfing. And if you’re close, then the battle’s nearly won. Next, all you need to do is beg, borrow, or…well, procure, some windsurfing equipment.

You’ll be surprised how much used stuff there is out there. After that, it’s just you and the water. An instructor helps, of course, as does reading books on the subject. The first step, and the hardest, is believing that you can actually do it.

Once you’re out there, and you catch your first gust of wind while managing to stay upright at the same time, you’ll thank yourself. This is as good as it gets.

You’re riding the wind, and there’s nothing better.

Carl Solf is the author of Windsurfing Secrets including the Windsurfers Ultimate Extra Moves eBook.

www.windsurfing2.com

How Do You Find Good Affiliate Products For Your Home Business

As there are thousands of affiliate products in the online market you really need to choose the right ones that suit your business program or the strategies that you currently focus on.

Before I touch on about how you can find good affiliate products for your Home Business, it is important to understand what are the attributes of a good affiliate product. A good product is one that sells phenomenally and isn’t likely to stop anytime. Finding good products may be a challenge for you, and you do want quality products with a low refund rate so that your business remains profitable. On the same breath do not forget that the prospective buyer never sees the product until he buys it, so quality isn’t really the entire picture.

Resale Rights

There are basically two types.

Basic Resale Right: which gives you the right to resell the product. When one of your customers buys this product, he owns the product for his personal use.

Master Resale Right: which gives you the right to resell the product as well as to sell the resale rights for the product. When one of your customers buys it, he owns this product and at the same time he can also sell the right to resell the product to his own customers.

Having resale rights to a product can give you an edge over others but more importantly it may present you with a good strategy when you offer it in addition to another product that you are promoting. An example would be to give away a free e-book or sell at a discounted price, if customers purchase your main product.

Sell Other People’s Products

Don’t try to create your own products unless you know what you are doing. The rational here is that it takes a long time to create new products and even for seasoned marketers, you would be starting without a track record. It is a bad approach to try to manufacture demand for something people don’t really want. In reality, it is harder to generate demand than to satisfy demand.

Which Affiliate Company To Focus On

My recommendation is to sell or promote affiliate products. I would recommend visiting each affiliate network before you make a decision. It may be easier to just focus on one affiliate network and few products so that you do not overwhelm yourself in the beginning.

There are several options for locating affiliate products to sell. One of the best places to look for affiliate products is a site called Clickbank. I highly recommend it as one of your options to make online profits and their commission rates on average run anywhere from 10% -75% per each sale made.

Research Your Niche

You will also need to do a little research to determine your niche to target the type of affiliate products people are searching for in search engines. Your goal is to find something lots of people search for, but doesn’t have ridiculous competition and you’ve got a good target market for your Internet Marketing business.

Peter Lee owns Work At Home Ideas and Opportunites/Plug-In Profit Site, catering to marketers of all levels and especially useful for the newer marketers who desire a step-by-step system to make real money online with, in launching 6 automated Income Streams on Autopilot http://www.peterleehc.com

Fast RSS - 4 Keys to Fast Rss

But there are four keys to fast RSS. Through this article, you are provided an overview with those four keys to fast RSS.

The first key to fast RSS is to make sure that you have all the mechanisms in place through which you can develop appropriate RSS feeds. This includes making certain that you have appropriate equipment to ensure that you are able to develop the highest quality fast RSS feeds.

The second key to fast RSS is to ensure that you have a system in place through which you can distribute your RSS feeds. It is all well and good to embark on a course of fast RSS development. However, you have to have a mechanism in place to get these RSS feeds to other people. Without this mechanism your content will not be available to others.

The third key to fast RSS is to ensure the continuing functionality of your RSS feeds. There's nothing worse than an RSS feed system that breaks down and does not function. Take the time to ensure that your RSS feed is working.

The fourth key to fast RSS the is to keep abreast of the latest trends and developments on the Internet. When all is said and done, you want to make certain that your RSS feeds are at the top of the game.

By following these four steps and keys to fast RSS success, you'll be able to enjoy both nice profits in a good reputation through your RSS efforts.

Want to learn more about it? Download the free ebook, Steps to Article Marketing Success.

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