How to trade FOREX

Step One
The step 1 explains the notion behind the FOREX trading by defining certian concepts and terms.

The foreign exchange trading is always done in terms of quotes and understanding these quotes might not be very easy in the first place. In order to get a hold on the foreign exchange quotes, a person needs to remember two things [4] i.e.


a) ''The currency listed first in the quote is the base currency and
b) The base currency has always the value 1.''

For instance, GBP/JPY has the base currency as GBP. The quotes are generally expressed in terms of pair currencies e.g. if quote states that GBP/JPY is equal to value 221.91 that means 1 GBP values to 221.91 Japanese yen. So, if this value increases then GBP has appreciated in value in comparison to Japanese yen. The prices in these quotes are expressed in terms of pips which stand for “percentage in points”. These are basically the fourth decimal point i.e. 1/100th of 1%. The example of a quote which involves 10pips increase could be USD/CAD = 1.1355/1.1365 (note the last two digits). In this case, an increase in pips means weakening of Canadian dollar. As per [2], ''the smallest move that a currency pair can make is one basis point or 0.00001.''
The quotes also use two important terms known as bid and ask which makes it as a two-sided quote. ''The bid is the price at which the base currency can be sold simultaneously buying the counter currency. The ask is the price at which the base currency can be bought at the same time selling the counter currency'' [2].

Step Two
The second step describes the powerful features of the FOREX trading system.

The leverage & margin are the major features helpful in drawing the attention of the traders because these increase the buying power of the traders. ''The leverage allows the trader to expect high returns on investment (ROI) on even small market movements and it also utilizes less money to trade'' [4].

On the other hand, margin in forex allows the investor not to pay any interest to the amount lender on the amount borrowed for the trade. In forex, margin is the minimum amount needed to place the trade. This can be the initial amount with which the forex trading account was opened.
The example below helps in explaining the concept in detail:-

Supposedly,

The balance in the account (trader’s) is = $10000 and the US dollar measured to be as undervalued against the JPY. Now, to place a trade investor has to buy USD by selling JPY and wait till the rate increases. Assuming the current bid/ask price for USD/JPY = 119.30/119.40. This means that the trader can buy $1 US for 119.40 JPY and/or sell it at 119.30 JPY. On leverage 100:1 or 1%, the trader starts buying a lot of 100, 000 USD for 119, 4000 JPY which means that the initial margin deposit for this trade would be = $1000 USD. As expected, the rate now increases by 30 pips making USD/JPY = 119.60/70. The deal is closed by selling the US Dollars at the rate of 119.60 JPY yielding 119, 6000 JPY thus making a total profit of 2000 JPY.

=>P&L (in terms of USD) = 2000/ current USD/JPY rate
= 2000/ 119.60

=>Return on Investment = $16.72

Step Three

This step allows user to get familiar with the e-trading using FOREX softwares. The explanatin is provided by using one such software called FX'x GTS.
The self-explanatory figure explains a practical knowledge of some terms discussed earliers. The currency pair which has to be bought or sold can can done simply by a click on the sell or buy button in front of that currency. On selection, a quote is prepared and dislplayed in the bottom section for the user to keep a track on. The software also provides some attractive powerful features which allows to add stop/limit and Hedge actions thus making trader constantly aware of his trade.

Step Four

This step is furter explanation to the G.T.S software. The trader can select various other currency pairs upon which the trade can be made. The left middle section shows the account details of the account holder i.e. balance, leverage, equity,margins and used margins. The other features which can be seen in the software are session activity, G.T.S charting and latest news that makes the trader aware of latest happenings.

Step Five
References:

[1] http://www.proedgefx.com/tutorial/intro.asp
[2] http://www.investopedia.com
[3] https://us.etrade.com/e/t/home
[4] www.forex.com
[5] http://www.forexcentral.net/forex-tutorials

by Angad Bhat

Trading characteristics

There is no unified or centrally cleared market for the majority of FX trades, and there is very little cross-border regulation. Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currency instruments are traded. This implies that there is not a single dollar rate but rather a number of different rates (prices), depending on what bank or market maker is trading. In practice the rates are often very close, otherwise they could be exploited by arbitrageurs instantaneously. A joint venture of the Chicago Mercantile Exchange and Reuters, called FXMarketSpace opened in 2007 and aspires to the role of a central market clearing mechanism.

The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the North American session and then back to the Asian session, excluding weekends.

There is little or no 'inside information' in the foreign exchange markets. Exchange rate fluctuations are usually caused by actual monetary flows as well as by expectations of changes in monetary flows caused by changes in GDP growth, inflation, interest rates, budget and trade deficits or surpluses, large cross-border M&A deals and other macroeconomic conditions. Major news is released publicly, often on scheduled dates, so many people have access to the same news at the same time. However, the large banks have an important advantage; they can see their customers' order flow.

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.3045 dollar. Out of convention, the first currency in the pair, the base currency, was the stronger currency at the creation of the pair. The second currency, counter currency, was the weaker currency at the creation of the pair.

The factors affecting XXX will affect both XXX/YYY and XXX/ZZZ. This causes positive currency correlation between XXX/YYY and XXX/ZZZ.

On the spot market, according to the BIS study, the most heavily traded products were:

• EUR/USD: 28 %
  
• USD/JPY: 18 %
• GBP/USD: 14 %

and the US currency was involved in 88.7% of transactions, followed by the euro (37.2%), the yen (20.3%), and the sterling (16.9%) (see table). Note that volume percentages should add up to 200%: 100% for all the sellers and 100% for all the buyers.

Although trading in the euro has grown considerably since the currency's creation in January 1999, the foreign exchange market is thus far still largely dollar-centered. For instance, trading the euro versus a non-European currency ZZZ will usually involve two trades: EUR/USD and USD/ZZZ. The exception to this is EUR/JPY, which is an established traded currency pair in the interbank spot market.

Affiliate marketing

Affiliate marketing is a method of promoting web businesses (merchants/advertisers) in which an affiliate (publisher) is rewarded for every visitor, subscriber, customer, and/or sale provided through his/her efforts.

Affiliate marketing is also the name of the industry where a number of different types of companies and individuals are performing this form of internet marketing, including affiliate networks, affiliate management companies and in-house affiliate managers, specialized 3rd party vendors and various types of affiliates/publishers who utilize a number of different methods to advertise the products and services of their merchant/advertiser partners.

Affiliate marketing overlaps with other internet marketing methods to some degree, because affiliates are using the same methods as most of the merchants themselves do. Those methods include organic search engine optimization, paid search engine marketing, email marketing and to some degree display advertising.

Affiliate marketing - using one site to drive traffic to another - is the stepchild of online marketing. While search engines, e-mail and RSS capture much of the attention of online retailers, affiliate marketing, despite lineage that goes back almost to the beginning of online retailing, carries a much lower profile. Yet affiliates continue to play a fundamental role in e-retailers' marketing strategies.[1]

History of Money (Part 3)

Representative money




The system of commodity money in many instances evolved into a system of representative money. This occurred because banks would issue a paper receipt to their depositors, indicating that the receipt was redeemable for whatever precious goods were being stored (usually gold or silver money). It didn't take long before the receipts were traded as money, because everyone knew they were "as good as gold". Representative paper money made possible the practice of fractional reserve banking, in which bankers would print receipts above and beyond the amount of actual precious metal on deposit.

So in this system, paper currency and non-precious coinage had very little intrinsic value, but achieved significant market value by being backed by a promise to redeem it for a given weight of precious metal, such as silver. This is the origin of the term "British Pound" for instance; it was a unit of money backed by a Tower pound of sterling silver, hence the currency Pound Sterling. For much of the nineteenth and twentieth centuries, many currencies were based on representative money through use of the gold standard.

HIstory of Money (Part 2)

Standardized coinage


It was the discovery of the touchstone which led the way for metal-based commodity money and coinage. Any soft metal can be tested for purity on a touchstone, allowing one to quickly calculate the total content of a particular metal in a lump. Gold is a soft metal, which is also hard to come by, dense, and storable. As a result, monetary gold spread very quickly from Asia Minor, where it first gained wide usage, to the entire world.

Using such a system still required several steps and mathematical calculation. The touchstone allows one to estimate the amount of gold in an alloy, which is then multiplied by the weight to find the amount of gold alone in a lump.

To make this process easier, the concept of standard coinage was introduced. Coins were pre-weighed and pre-alloyed, so as long as the manufacturer was aware of the origin of the coin, no use of the touchstone was required. Coins were typically minted by governments in a carefully protected process, and then stamped with an emblem that guaranteed the weight and value of the metal. It was, however, extremely common for governments to assert the value of such money lay in its emblem and thus to subsequently debase the currency by lowering the content of valuable metal.


Although gold and silver were commonly used to mint coins, other metals could be used. For instance, Ancient Sparta minted coins from iron to discourage its citizens from engaging in foreign trade. In the early seventeenth century Sweden lacked more precious metal and so produced "plate money," which were large slabs of copper approximately 50 cm or more in length and width, appropriately stamped with indications of their value.

Metal based coins had the advantage of carrying their value within the coins themselves — on the other hand, they induced manipulations: the clipping of coins in the attempt to get and recycle the precious metal. A greater problem was the simultaneous co-existence of gold, silver and copper coins in Europe. English and Spanish traders valued gold coins more than silver coins, as many of their neighbors did, with the effect that the English gold-based guinea coin began to rise against the English silver based crown in the 1670s and 1680s. Consequently, silver was ultimately pulled out of England for dubious amounts of gold coming into the country at a rate no other European nation would share. The effect was worsened with Asian traders not sharing the European appreciation of gold altogether — gold left Asia and silver left Europe in quantities European observers like Isaac Newton, Master of the Royal Mint observed with unease.

Stability came into the system with national Banks guaranteeing to change money into gold at a promised rate; it did, however, not come easily. The Bank of England risked a national financial catastrophe in the 1730s when customers demanded their money be changed into gold in a moment of crisis. Eventually London's merchants saved the bank and the nation with financial guarantees.

History of money (Part 1)

The emergence of money
The use of proto-money may date back to at least 100,000 B.P. Trading in red ochre is attested in Swaziland, from about that date, and ochre seems to have functioned as a proto-money in Aboriginal Australia. Shell jewelery in the form of strung beads also dates back to this period[1] and had the basic attributes needed of early money. In cultures where metal working was unknown, shell or ivory jewelery were the most divisible, easily storeable and transportable, scarce, and hard to counterfeit objects that could be made. It is highly unlikely that there were formal markets in 100,000 B.P. (any more than there are in recently observed hunter-gatherer cultures). Nevertheless, proto-money would have been useful in reducing the costs of less frequent transactions that were crucial to hunter-gatherer cultures, especially bride purchase, splitting property upon death, tribute, and inter-tribal trade in hunting ground rights (“starvation insurance”) and implements. In the absence of a medium of exchange, all of these transactions suffer from the basic problem of barter — they require an improbable coincidence of wants or events. Jewelery has often been used for currency and wealth storage in some historical and contemporary societies, especially those in which modern forms of money are scarce, in addition to being used for decoration and display of status and wealth.

In cultures, of any era, that lack money, bartering and some system of in-kind "credit" or "gift exchange" would be the only ways to exchange goods. Bartering has several problems, most notably the coincidence of wants problem. If one wishes to trade fruit for wheat, it can only be done when the fruit and wheat are both available at the same time and place, which may be for a very brief time, or may be never. With an intermediate commodity (whether it be shells, rum, gold, etc.) fruit can be sold when it is ripe in exchange for the intermediate commodity. This intermediate commodity can then be used to buy wheat when the wheat harvest comes in. Thus the use of money makes all commodities become more liquid.

Where trade is common, barter systems usually lead quite rapidly to several key goods being imbued with monetary properties. In the early British colony of New South Wales in Australia, rum emerged quite soon after settlement as the most monetary of goods. When a nation is without a fiat currency system it is quite common for the fiat currency of a neighboring nation to emerge as the dominant monetary good. In some prisons where conventional money is prohibited, it is quite common for goods such as cigarettes to take on a monetary quality. Gold has emerged naturally from the world of barter again and again to take on a monetary function. It should be noted that the emergence of monetary goods is not dependent on central authority or government. It is a quite natural market phenomenon.

Market size and liquidity

The foreign exchange market is unique because of

• its trading volume,
  
• the extreme liquidity of the market,
  
• the large number of, and variety of, traders in the market,
  
• its geographical dispersion,
  
• its long trading hours: 24 hours a day (except on weekends),
  
• the variety of factors that affect exchange rates.
  
• the low margins of profit compared with other markets of fixed income (but
• profits can be high due to very large trading volumes)

According to the BIS,[1] average daily turnover in traditional foreign exchange markets is estimated at $1,880 billion. Daily averages in April for different years, in billions of US dollars, are presented on the chart below:

This $1.88 trillion in global foreign exchange market "traditional" turnover was broken down as follows:

• $621 billion in spot transactions
  
• $208 billion in outright forwards
  
• $944 billion in forex swaps
  
• $107 billion estimated gaps in reporting

In addition to "traditional" turnover, $1.26 trillion was traded in derivatives.

Exchange-traded forex futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts. Forex futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).

Average daily global turnover in traditional foreign exchange market transactions totaled $2.7 trillion in April 2006 according to IFSL estimates based on semi-annual London, New York, Tokyo and Singapore Foreign Exchange Committee data. Overall turnover, including non-traditional foreign exchange derivatives and products traded on exchanges, averaged around $2.9 trillion a day. This was more than ten times the size of the combined daily turnover on all the world’s equity markets. Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This is largely due to the growing importance of foreign exchange as an asset class and an increase in fund management assets, particularly of hedge funds and pension funds. The diverse selection of execution venues such as internet trading platforms has also made it easier for retail traders to trade in the foreign exchange market. [2]

Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to IFSL estimates has increased its share of global turnover in traditional transactions from 31.3% in April 2004 to 32.4% in April 2006. RPP

The ten most active traders account for almost 73% of trading volume, according to The Wall Street Journal Europe, (2/9/06 p. 20). These large international banks continually provide the market with both bid (buy) and ask (sell) prices. The bid/ask spread is the difference between the price at which a bank or market maker will sell ("ask", or "offer") and the price at which a market-maker will buy ("bid") from a wholesale customer. This spread is minimal for actively traded pairs of currencies, usually 0–3 pips. For example, the bid/ask quote of EUR/USD might be 1.2200/1.2203. Minimum trading size for most deals is usually $100,000.

These spreads might not apply to retail customers at banks, which will routinely mark up the difference to say 1.2100 / 1.2300 for transfers, or say 1.2000 / 1.2400 for banknotes or travelers' checks. Spot prices at market makers vary, but on EUR/USD are usually no more than 3 pips wide (i.e. 0.0003). Competition has greatly increased with pip spreads shrinking on the major pairs to as little as 1 to 2 pips.

Market participants

Unlike a stock market, where all participants have access to the same prices, the forex market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest investment banking firms. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. As you descend the levels of access, the difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips only for major currencies like the Euro). This is due to volume. If a trader can guarantee large numbers of transactions for large amounts, they can demand a smaller difference between the bid and ask price, which is referred to as a better spread. The levels of access that make up the forex market are determined by the size of the “line” (the amount of money with which they are trading). The top-tier inter-bank market accounts for 53% of all transactions. After that there are usually smaller investment banks, followed by large multi-national corporations (which need to hedge risk and pay employees in different countries), large hedge funds, and even some of the retail forex market makers. According to Galati and Melvin, “Pension funds, insurance companies, mutual funds, and other institutional investors have played an increasingly important role in financial markets in general, and in FX markets in particular, since the early 2000s.” (2004) In addition, he notes, “Hedge funds have grown markedly over the 2001–2004 period in terms of both number and overall size” Central banks also participate in the forex market to align currencies to their economic needs.

Banks

The interbank market caters for both the majority of commercial turnover and large amounts of speculative trading every day. A large bank may trade billions of dollars daily. Some of this trading is undertaken on behalf of customers, but much is conducted by proprietary desks, trading for the bank's own account.

Until recently, foreign exchange brokers did large amounts of business, facilitating interbank trading and matching anonymous counterparts for small fees. Today, however, much of this business has moved on to more efficient electronic systems, such as EBS (now owned by ICAP), Reuters Dealing 3000 Matching (D2), the Chicago Mercantile Exchange, FXMarketSpace, Bloomberg, and TradeBook(R). The broker squawk box lets traders listen in on ongoing interbank trading and is heard in most trading rooms, but turnover is noticeably smaller than just a few years ago.

Central banks

National central banks play an important role in the foreign exchange markets. They try to control the money supply, inflation, and/or interest rates and often have official or unofficial target rates for their currencies. They can use their often substantial foreign exchange reserves to stabilize the market. Milton Friedman argued that the best stabilization strategy would be for central banks to buy when the exchange rate is too low, and to sell when the rate is too high — that is, to trade for a profit based on their more precise information. Nevertheless, the effectiveness of central bank "stabilizing speculation" is doubtful because central banks do not go bankrupt if they make large losses, like other traders would, and there is no convincing evidence that they do make a profit trading.

The mere expectation or rumor of central bank intervention might be enough to stabilize a currency, but aggressive intervention might be used several times each year in countries with a dirty float currency regime. Central banks do not always achieve their objectives. The combined resources of the market can easily overwhelm any central bank. Several scenarios of this nature were seen in the 1992–93 ERM collapse, and in more recent times in Southeast Asia.

3 Easy Ways People Earn Extra Money

How do people earn extra money, what is it they do? You hear stories all the time about some person that went from broke to dope just earning extra cash and then on to full time netpreneur. But you don't care about that you just want to know how to earn extra money

Cleaning out your closet.

Well, here are just some good ideas for you to make it happen, You can always use eBay to make some cash. Try selling some old junk that's been sitting up in your attic for years on end or you clean out the garage. You would be surprised how many individuals are willing to bid on something you would consider trash. You've heard about it over and over again, you might have even seen some commercials about selling on eBay on T.v. You know why, because it works.

Blogging for business

Do you have a blog? If you do have a blog then you know how valuable they can be if done correctly, but if you don't own a blog then hey, this could be your perfect opportunity to make extra money. All you have to do is find something to write about, it has to be something people are already looking for because if it's not then it's going to be really difficult getting traffic and traffic is your best friend if your in the blogging business. Without it you won't be making any extra cash at all.

How do blogs make money, you might ask. Well there's a program that just about anyone can sign up for, that owns a blog or website and it's free. Have you heard of Google Adsense? It works like this, you write an article about making money online, post it to your blog, then the Google Adsense program allows to put advertisements on that blog. The type of ads that appear are some what related to how to make extramoney. When people click on those ads you earn money. Any where from 20cents a click to $5 dollars a click. If you have a blog that gets 500 visitors a day, lets say 50 of them click on your ads, that can be a nice little extra income set up for you. That's cool isn't it?

Do People Really Buy Online?

Yes they do. You can earn extra money by becoming an affiliate of various programs. Clickbank is one CommissionJunction is another and how it works is you can send visitors to your blog or if you don't have one you can send them directly to the website your selling stuff for using Google Adwords. How this works is you choose some keywords that relate to the product you want to sell. Next create a few ads use the affiliate links the affiliate programs provide you with, put them indise your ads, and then when your all finished up with that your ads will begin to appear within 5-10 minutes under the keywords you choose to sell under.

So say you wanted to sell something about learning how to earn extra money (An ebook or something) when people type those words into Google just like you do everyday when your searching for something "earn extra money" your ads will appear. When people click on them they go straight to the site or page of the product your selling and when they buy, you earn a share of the sale. Sometimes 25% or 50% even better at 75%. People are doing this everyday earning a lot of money. It's almost sickening but what you should know is it's possible and it's even more possible that you can do it to.

By Adam P Archer

American money

The American money system is logical and very easy to use. It is based on the dollar ($1.00), on which all cash and coins are dependent. There are 100 cents in a dollar. Coins are fractions of a dollar, for example: a quarter ($0.25) is 1/4 of a dollar, a dime ($0.10) is 1/10th of a dollar, and so forth. Paper bills are multiples of a dollar: for example, a $5 bill.

US paper currency
The twenty, ten, five, and one are the most frequently used bills.



When speaking about money, $1 is referred to as "a one", "a dollar", "a dollar bill", or "a buck"; $5 is "a five", "five dollars", "a five dollar bill", or "five bucks"; etc. Another way to refer to money is to call it "cash."

The five, ten, twenty, fifty and hundred dollar bills have been recently redesigned to incorporate new security features. Both the new and old versions are in circulation. The one is not being redesigned as it is not considered as likely to be counterfeited. Also in use but not as frequently seen are the $2, $50 and $100 denominations. The two dollar bill is rare - people seem to collect, rather than spend, them. $50 and $100 bills are not as commonly used and many places may not accept them for small purchases. You probably won't ever see any larger-value denominations such as $500, $1,000, $5,000, and $10,000. People not familiar with these bills should probably not accept them, because counterfeit, or fake, currency does exist, especially in the higher and more unfamiliar denominations. For pictures of the new and old American paper currency, visit the Bureau of Engraving and Printing.

Shop clerks sometimes consider the use of very large bills to pay for very small purchases to be an annoyance. For example, try not to use a $20 to pay for a 35¢ pack of gum! It would be better to pay with a smaller bill or some coins. If you don't have anything smaller, it is polite to say so to the clerk.

The Canadian currency system is similar to the American. Canadian paper money typically needs to be converted into American before use in the United States. For more about Canadian money, including pictures of the new bank notes, see the Bank of Canada website.

US coins
The most commonly used coins are the quarter, dime, nickel, and penny.



Each type of coin has a unique size and design, usually with the image of a president or other famous American person on the front. Quarters have been made with varying images on their back sides, honoring the 200th anniversary of the USA, and honoring each state. Coins that are not used as often include the Susan B. Anthony dollar coin, and the Kennedy half-dollar, also known as the 50-cent piece.

Canadian coins are seen in the northern United States and are also available in quarters, dimes, nickels, and pennies. However, not all stores and restaurants accept them; typically, the closer you are to Canada, the more accepted they are. Canadian coins may be accepted as equal in value to US coins, but the exchange rate usually places a higher value on the US versions, so be careful not to accept too many.

Practical use
The quarter is one of the most useful coins. If you are a student, be sure to save these! They can be used in almost any coin-operated machine: clothes washers & dryers, arcade games, pay phones, and vending machines dispensing food, drinks, stamps, tickets, newspapers, etc. Dimes and nickels can usually be used in pay phones and vending machines. Many vending machines will take small bills, such as ones, fives, and tens, but the change you get back will all be in coins. Often there will be a dollar changer near coin-operated machines which dispenses quarters in exchange for small bills. One word of caution: vending machines do not take dollar coins, half-dollars, pennies, or Canadian coins.

Credit or charge cards are being used more and more, even for buying small items. Many Americans don't like to carry much cash, and the cards are convenient and safe to use. They are accepted almost everywhere, but not at fast food restaurants! Traveler's checks are a good idea for visitors also. You won't have to carry large amounts of cash with you, and the checks can be replaced if they get lost or stolen.


In a related article, we discuss automatic teller machines, or ATMs. These machine are a popular and convenient way to access cash.

Visit our ESL Corner to learn about "making change"!

By Susan Ernenwein and Alice Hoover

Blogging Money Thebillivard.com

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By Ashley Thomas

Rich and single... Very rich...

In the regiment of the "very rich of the planet younger 40 years" two recruits. For the first time in this list appeared that Of kruz and Paff Deddi. That, true, not entirely "recruit", but in the previous years it find somewhere below list (that also, of course, good).



However, in this year, after the success of film "mission is impossible. Part II"(where it came out also as the producer), his bank calculation grew to 157 millions (this if we count in the pounds). However, evil languages assert that Toma's welfare very strongly influenced his divorce Nicolas (true, chickens on the autumn are counted, and the division of property it is planned on October, but thus far... let it will stay in the list).



But here second newly arrived - repper Of paff deddi. To the fellow only of 31 year; however, his state is evaluated at 144,4 million all of the same pounds. "cuts coupons" Paff not only on the musical field. He is completely lucky designer. And exactly Of paffa no one can reproach in the fact that its bank calculation grew, because of the break from Dzhennifer lopez. Who even from the promising fiances voglavlyaet the list of the "pets of fortune" (retyng it is comprised by periodical Fortune)? By dzhim Curry (by the way, also now free), in it "in the pocket" 106 million pounds and young, likable Tiger Woods (62,5 million).

There is on whom to look, there is from whom to select.



But THE RICHEST, the one who heads list with his 10 billion (!) - Maykl Of dell (Dell Of komp'yuters you know?), it (you will excuse, girl) it is married! Even on the theme of the standard of living in Hollywood: the "feature of poverty" in Hollywood is 67 million dollars in year

How "do make children" millionaires?

The assumed father of future child Lees To kherli - millionaire Stiv Of bing does not reject to ensure offset, but... First he wants to pass test to ottsovstvo.

Why it so does insist on this? Stiv it categorically asserts that between it and Lees not there were special relations. Oh, it puzzled: if not there were special relations, then it follows tax into the law court to the villainess Lees Nagulyala unknown from whom, but now innocent Stiva wants "to untwist" to alimony. And that it generally does have in the form, speaking about the special relations? We know only one form of relations, from which the children are obtained. This if prezervativ to put on he forgot. Or millionaires other methods do know?

To the richest in city USA it became ranch Santa Fe

According to given national statistical bureaus OF THE USA, the richest city OF THE USA - ranch Santa Fe. This city, with the population approximately 5 thousand people, 50 km San Diego. Here the sun shines 320 days in the year and the extremely low level of criminality.

Average annual income to each inhabitant is 113 thousand dollars per year. Simultaneously in the city the most expensive dwelling. House to one family costs there in average 1,7 million dollars.

Real estate in the ranch Santa Fe manages a number of well-known personas among which Bill Gates the sultan Of bruneya, transfers AP.

It is remarkable, that despite the fact that the ranch is to the richest city USA, is located it in the state, which occupies the second place in America on the level of poverty. According to this index California is inferior only to federal capital region Columbia with the center in Washington, where the large mass of Black population was concentrated.

According to the data of sociologists, the basic reason for the high level of poverty in California is large inflow into this American staff of immigrants from the poor countries, mainly from Latin America, which supplement the lowest layers of society by itself.

On the average the annual earning of California family from four people is 26 thousand dollars.

In the world are counted 7 mln. millionaires

In the world are counted 7,1 mln. people, who possess state not less than million dollars. This it is discussed in the published in Austria report to statistical company "uolrd of vels", transfers RIA of "news".

According to the data of company, in the past year a quantity of millionaires increased by 200 thousand people, and their general state grew by 3% and reached 26,2 billion dollars.

In the world it is counted by 57 thousand. "super-rich" people, whose state it exceeds 30 million dollars. Their number in the past year increased by 2,6%.

How to Start Working at Home and Earn Money

If you are looking for a way to make money at home, you may consider becoming a virtual assistance. A virtual assistance is a person that works at home for a company, business or enterprise using his or her own equipments such as computer, scanner, fax, high speed Internet connection, software, telephone, email and more. Unlike a full-time employee, a virtual assistance is a self-employed enterprenuer that provides administrative and technical support or other business services to a company on a contract basis.

Virtual assistances typically negotiate their own terms with their clients or companies. The amount that virtual assistances can earn will depend on their level of skills, expertise and experience. The rates usually are anywhere between $5 to $50 per hour. Virtual assistants provide different types of services and here are some of them:

- Data entry
- Accounting services (bookkeeping)
- Writing, editing and proofreading
- Website optimization and administration
- Organizing meeting
- Online Customer Service
- Travel arrangements
- Billing
- Mailing services
- Secretarial services
- Web design
- Office management
- Coordinators

You don't need to have high qualification to become a virtual assistant. To get started, all you require are the necessay skills & equipment and few years of experience. Below are a list of websites that contain virtual assistance job opportunites.

Sohojobs.org - A place to find and apply virtual assistance job opportunities. Opportunties available to US residents.

Guru.com - Contain virtual assistance job opportunities (most for US) and tons of worldwide home based and freelance projects and assignments.

Wahm Forums - VA opportunities are posted in the Virtual Assistance section of the forum. Meet other home based workers and discuss everything about work at home.

If you want to be trained first before entering into the virtual assistance industry. Here's a two websites providing virtual assistance tranning courses and programs:

http://www.cyberstarva.com
http://www.virtualassistanceu.com

How to Make Easy Money with HYIP

High Yield Investment programs (HYIP) normally accept investors around the world through the Internet. HYIPs investment plans usually are very attractive and no other investment programs can compare with them. Their interest payment can be 0.5% to 150% daily, weekly, bi-weekly, monthly or any other maturity periods. There are many HYIPs in the net and most of them are listed in HYIP rating and monitoring websites. These monitors will observe HYIPs continuously and post updates on the latest performance and paying status of the HYIPs in their list. Also HYIPs are widely discussed in forums.

You can earn a lot of easy money in short period time without hard works from HYIP investment. But since HYIPs offer high returns, this also means that investors will face high degree of risk. HYIPs normally survive in between few days to two years. If the program you invested closes down, you will suffer a lost. So before start investing in HYIP, you must understand the following:

- Realize that all HYIPs will not stay online forever. They will eventually close down due to liquidity problem (lack of fund to pay investors).

- You are not guaranteed to make money. So invest only the money you afford to lose.

- Do not put all your eggs in one basket. You should split your fund into different programs. The more you split the lower the risk.

Diversifying you fund into a number of HYIPs equally is one of the way to make money with HYIPs. But of course it is not a guranteed way to succeed. You can get started by searching HYIPs in the largest HYIP monitoring sites, HYIPinvestment.com. Each HYIP listed in HYIPinvestment.com contains latest investors comments, rating and payment history which will give you an idea on which programs to join. When choosing HYIPs, try to select the programs that are listed within top 20 as these HYIPs tend to survive longer. Since HYIPs are unpredictable, you should not leave any interests for compounding unless you are extremely confident on the HYIPs you invested. Withdraw all of them once they are credited to you HYIP accounts.

Another way to find HYIPs is searching around the Internet. HYIPs usually will show off how they are rated by different monitors and forums in their websites to prove that they are paying.

You will need to open an e-gold a/c to start investing in HYIPs. Visit www.e-gold.com to create an e-gold a/c. You must fund your e-gold a/c before you can transfer fund to HYIPs. You can read the FAQ of e-gold to learn how to fund your e-gold a/c.

If most of the programs your invested are stable and paying continuously, you should be making a steady income.

Earn Easy Cash Online by Completing Offers

One of the easiest ways to earn extra money without having to spend time learning Internet marketing resources is through joining Cash4Action.com and earn cash by completing or signing up companies offers.

Anyone can Join Cash4Action.com but most of the cash offers are available to US residents only. International members can still earn money by referring new members. You can expect to earn 20% on the earning of the offers completed by people referred by you.

Cash4Action's database comprises of more than 200 offers as of today, and every offer that you complete can fetch you anything from $0.10 to $2. Low paid offers are free to sign up. High paid offers normally require your credit card information during the signing up process.

Your earning will depend upon the number of offers you complete and new members that you refer but it takes some time for your earnings to be credited to your account, though eventually you will get the monies.

Cash4Action.com has been online for a more than a year now and has more than a hundred thousand members who have signed up and are earning good money by completing offers and through referrals.

A Complete Guide to Profiting Online with an Online Business

Setting up an online business isn't complicated as compare to starting a psychical business and the initial capital for an e-business isn't much either, usually anyway between $50 to $300 to begin. Besides that, online businesses also offer the following advantages:

- You can run and operate an e-business by yourself only. You don't need to employ people unless your e-business has grown too big.

- The business stays open 24 hours every day. You earn money even while you sleep.

- Online businesses normally have high return on investment (ROI).

This article will lay out the steps from creating a website to promoting the website for generating sales & advertising revenue and affiliate commission.

Step 1 - Decide how you are going to make money with a website
Here are your choices:
1) Develop your own product and sell it through a website.
2) Sell affiliate products
3) Become an AdSense publisher and earn AdSense revenue from your website.

Most people don't have their own products, so they usually make money by promoting affiliate products and displaying Google Ads on their websites. You can see many webmasters use a combination of Affiliate programs and AdSense on their sites to maximize their online earning when visiting websites.

Where to find affiliate programs that interest you? Below are some of the Affiliate networks that contain tons of affiliate programs where you can join free:

ClixGalore.com
An affiliate program network with more than 3,000 merchants. Products you can promote including retails goods, travel, software and much more.

Clickbank.com
The largest ebook store. There are about 10,000 affiliate programs for you to select in Clickbank.

How to become an AdSense publisher to display AdSense ads on your website? Here's is the link to sign up.

https://www.google.com/adsense

Step 2 - Decide the Content of Your Website
If you are selling your own products, you may need to write a persuasive sales letter or design a website with content and images that sells. It won't cost you much to hire a freelancer to write a sale letter for you. Here are some of the places to find a freelance writer:

http://www.elance.com
http://www.guru.com

If you are marketing affiliate products, you can write several reviews on the affiliate products with affiliate links to your merchants sites or provide a product recommendation list on your site such as 'Top 5 movie downloads, Top 3 e-business courses and so on. Another way is to write a solution to a problem in your website if your affiliate product is created to solve a problem. There will be some space left unused on your website, so you can place your Google ads on those unused space to make more money.

You may want to create an information website only. In that case, AdSense can be your main source of income. You can read AdSense optimization tips to maximize your AdSense revenue.

Step 3 - Build a Website
You may want to use Dreamweaver or Frontpage to create a website if you are familiar with web design. For people without knowledge of HTML code and web design, they still can create a website by using a site builder. Here is a link to download and install a free site builder.

Bluevoda Website Builder

Bluevoda Site Builder can be used to build many kind of websites with little or without technical and programming knowledge. You don't need to start from scratch. The trick is to pick a free professional website template comes with the site builder and start adding content, links and images.

Here are some tips when using the site builder:

a) Take some time to watch their easy-to-follow video tutorials to learn how to operate the site builder.
b) Some practice are needed before start creating your website.
c) Visit websites in your niche and use them as your reference if you are lacking of ideas when building your site.
d) You can always preview your design but to publish on the Internet you must register a domain name and purchase a hosting package (don't worry, the costs are reasonable).

Step 4 - Promote Your Website
Targeted traffic or visitors are the key to success. The more people visiting your website, the greater your earning will be. There are many ways to drive traffic to your website and below are some of them:

Pay-per-click (PPC) Advertising
When you search on Google, have you noticed that there are sponsors ads displaying on the top and right sidebar of your search result page? All those ads are PPC ads. So, how to place an ad there? You first need to create a Google AdWords account with Google and then bid for your targeted keywords for top-listing on Google. Here's an example:

If you are promoting weight loss products, you will want to bid for keywords that are regularly used by searchers and weight loss is one of the regular keyword that you are going to bid. So when someone enters weight loss on Google, your contextual ad will show on the search result page. Your ad position will depend on your bid. The higher your bid, the higher your ad position.

Here are some of the PPC advertising programs:

Google AdWords
Yahoo Search Marketing
7search

Article Marketing
You can write several articles and submit them to article directories for publication. You are allowed to add a few lines to describe about your website and products with a link to your site in the article's resource box. When your articles are read by people, some of them will click your link to visit your website. You can get a lot of free targeted traffic if you write quality articles. Article directories can be found by going to Google and entering the search term 'article directories’.

Forum Posting
When you join a forum that is related to your website, usually you are allowed to add a link pointing to your website in your signature. When a visitor read your message, he or she may click your link in the signature. You can find a lot of community forums on your niche by searching on Google or Yahoo.

Search Engine Optimization (SEO)
SEO focuses on optimizing your webpages for your targeted keywords and increasing the number of backlinks. Backlinks mean links from other websites to your website. SEO involves a lot of works, energy and time, but when your site reaches top 10 rankings you may get a lot of free targeted traffic for long-term. Click here to learn more about SEO.

Read Mails or Surf the Web

BountyCenter    Get paid to read emails, click on banners and refer friends.

Hits 4 Pay          Get paid to read emails, click on banners and refer friends.

E-Mail Paus U   Get paid to read email and for visiting Websites.

Wow Earnings    Get paid to read emails, click on banners and refer friends.

DonkeyMails      Get paid to read emails, click on banners and refer friends.

Money Earning Tutorials & Resources

Homepage Made Easy's Guide to Affiliate marketing What's Affiliate Marketing? How do you turn your traffic into profit? Pay-per-Click vs. Pay-for-Performance? Pay-per-Click: the need for huge traffic? Pay-for-Performance Drives Results? How do large affiliate networks function? How / when do you get paid? Why is there a minimum amount policy? What if my revenue is below the minimum amount? How do you get a sponsor? A bit on rights & duties - How free are you? The right sponsor(s) for Your Web Site - a Hot tip!

Enhance your homepage and make money! How to create a page that is: easy to make, beautiful, interesting, and profitable!
E.g. add images and content royalty free to your pages and make money with them!

Introduction to Earning Money on the Web Earn Money Opportunities, Affiliate Marketing - Info + Tips, Search for one or more Sponsors for Your Web Site, Guide to Find the right Sponsors for Your Web Site, Tips for Beginning Webmasters, have a Business or Commercial Web Site? Here's an Excellent Opportunity for You, other Profitable and/or Advantageous Opportunities Available to You on our Web Site.

Free Marketing Zone Free marketing resources for Webmasters and online entepreneurs. Free articles, free sales letters, free web-scripts, free promotion tools, etc.

How to make money  from your Website  Resource for affiliate program managers aspiring to develop a best of breed affiliate program: articles, news, gossip, tutorials, case studies, reviews, interviews, press clippings, consulting services, etc.

Affiliate Cash Money Tutorial on advertisement and promotion related to making money through affiliate programs; also has a directory of affilate programs,

Virtual Cash Services

PayPal  Online payment system using the 'virtual cash' principle. Transactions are instantaneous and are not delayed by slow bank-to-bank communications. PayPal now also accepts credit card payments.

E-gold E-gold is an electronic currency and online payment system based on real gold. All the 'virtual' gold is 100% backed by real gold in physical storage. E-gold enables people to spend specified weights of gold to other e-gold accounts. Only the ownership changes - the gold in the treasury grade vault stays put.

GreenZap Online virtual cash system based in Australia.

WebMoney Online virtual cash system based in Russia.

10 New Ways to Make Money Online

So you want to ditch your corporate cubicle and join the ranks of web workers? But you have a mortgage, maybe a dependent or two, and a taste for Venti Mochas from Starbucks? You can make money in the new economy, though it might not be as easy or cushy as keeping your old economy job.

I’m not talking about advertising or affiliate marketing or selling your junk on eBay. Those are so last millennium! I’m talking about the new new economy.

1. Offer your professional expertise in an online marketplace.These days, you can do more than just sell your old books via Amazon and your old Coach handbags via eBay—now you can sell your professional capabilities in a marketplace. No longer are you limited to looking for a permanent or contract job on Web 1.0 style job sites like Monster or CareerBuilder. The new breed of freelancing and project-oriented sites let companies needing help describe their projects. Then freelancers and small businesses offer bids or ideas or proposals from which those buyers can choose.

Elance covers everything from programming and writing to consulting and design, while RentACoder focuses on software, natch. If you’re a graphic designer, check out options like Design Outpost or LogoWorks–you don’t have to find the customers, they’ll come to you. Wannabe industry analysts might sign up for TechDirt’s Insight Community, a marketplace for ideas about technology marketing.

2. Sell photos on stock photography sites. If people regularly oooo and aaaaah over your Flickr pics, maybe you’re destined for photographic greatness or maybe just for a few extra dollars. It’s easier than ever to get your photos out in front of the public, which of course means a tremendous amount of competition, but also means it might be an convenient way for you to build up a secondary income stream. Where can you upload and market your photos? Try Fotolia, Dreamstime, Shutterstock, and Big Stock Photo.

3. Blog for pay. Despite the explosion of blogs, it’s hard to find good writers who can turn around a solidly-written post on an interesting topic quickly. GigaOM is always looking for bloggers with great content ideas and solid writing skills. How do you get noticed? Comment and link to blogging network sites. Write blog posts that are polished and not overly personal (although showing some personality is a plus).

4. Or start your own blog network. If you like the business side of things–selling advertising, hiring and managing employees, attracting investors–and have the stomach to go up against the likes of Weblogs, Inc., GigaOmniMedia, b5media, maybe you should make an entire business out of blogs. Don’t make the mistake of thinking you’ll get a lot of time to write yourself though.

5. Provide service and support for open source software. Just because the software is free doesn’t mean you can’t make money on it–just ask Red Hat, a well-known distributor of Linux that sports a market cap of more than four billion dollars. As a solo web worker, you might not want to jump in and compete with big companies offering Linux support, but how about offering support for web content management systems like WordPress or Drupal? After getting comfortable with your own installation, you can pretty easily jump into helping other people set them up and configure them.

6. Online life coaching. Who has time to go meet a personal coach at an office? And don’t the new generation of web workers need to be met by their coaches in the same way that they work: via email, IM, and VoIP? You could, of course, go through some life coaching certification program, but on the web, reputation is more important than credentials. I bet Tony Robbins isn’t certified as a life coach–and no one can argue with his success. For an example of someone building up their profile and business online as a coach, check out Pamela Slim of Ganas Consulting and the Escape from Cubicle Nation blog.

7. Virtually assist other web workers. Freelancers and small businesses desperately need help running their businesses, but they’re not about to hire a secretary to come sit in the family room and answer phone calls. As a virtual assistant, you might do anything from making travel reservations to handling expense reimbursements to paying bills to arranging for a dog sitter. And you do it all from your own home office, interacting with your clients online and by phone. You can make $20 and up an hour doing this sort of work, depending on your expertise.

8. Build services atop Amazon Web Services. Elastic computing on AWS is so cool… and so incredibly primitive right now. Did you know that you can’t even count on your virtual hard drive on EC2 to store your data permanently? That’s why people are making money right now by offering services on top of AWS. Make it easier for people to use Amazon’s scalability web infrastructure like Enomaly has with elasticlive, a scalable web hosting platform built on AWS.

9. Write reviews for pay or perks. If you blog for any length of time on a particular topic–parenting, mobile phones, or PCs, for example–you will likely be approached to do book or product reviews. You can get free stuff this way, but are you selling your soul? Is there any such thing as a free laptop? These are decisions you’ll have to make for yourself, because no one agrees upon what ethical rules apply to bloggers. Even less do people agree on services like PayPerPost that pay you to write reviews on your blog. Check out disclosure rules closely and see whether such a gig would meet your own personal standards or not.

10. Become a virtual gold farmer. A half million Chinese now earn income by acquiring and selling World of Warcraft gold to gamers in other countries. If you’re not a young person living in China, this probably isn’t a viable option for you. But what’s intriguing about it is the opportunity to make real money working in a virtual economy. People are making real-world money in Second Life too.