How To Invest In Property & Create Passive Income

The great John Lee talks about how use property investments to create passive income streams - is property something that interests you? Are you currently an investor or landlord? What do you think of John Lee's advice?

When Will The Next Market Crash Happen?

If only would be paid for every prediction of the next market crash I'd be very rich. We are so used to being brainwashed that most of us don't even notice any more to what extend this is happening 24/7.

Fact:You are not thinking for yourself, you are constantly told what to think

The permanent barrage from the financial media that only serves one objective that is to make you do something that is not to your benefit, but fills their offers in one way or other, has reached a point of beyond excess. Today you simply cannot turn on CNBC, Bloomberg or any other news channel without being brainwashed. This is not news any more.

I regularly receive emails from so called "leading market analysts" telling me of the big crash. Big crash mean that we must see a price drop of at least 15% in a short period of time.

Artificially induced fear rules the world of trading and investing

I just have one question: What happened to the big gold rally forecast by well respected analysts like Martin Armstrong for the last two years?

I don't know about you, but I am sick and tired with these pumped up hysterical market calls designed to get your attention and flatter their producers' egos. If I make the same market call long enough eventually it is going to happen.

Alas this is not the worst part of it:

Our brains simply cannot cope with this constant overload. If you think that listening to the news will help you become a better trader, think again. All it does it panders to a deeply rooted insecurity inside you that makes your mind susceptible to authority, fuelling insecurity, greed and dysfunctional trading behaviours.

Today everyone has guru status who has appeared on TV at least once

The entire guru industry is a media machine designed to disempower you and make the many trade forecasting services a lot of money. Unbeknown to your conscious awareness your brain is addicted to this kind of information overwhelm. If I asked you to stop listening to the news from today on for the next week or so, you'd find it very hard to do.

Most of what you are told is plain fabrication with no base on reality

Yet the story is repeatedly sold to you from many angles that eventually you believe it. Welcome to the biggest brainwashing machine out there.

Fact: Most of so called gurus are brilliant at selling and lousy at trading

I know quite a few of them and have seen their trading accounts. Believe me, you would be shocked.

I wonder: How many times have you been caught out in a trade you took just because you got swayed by the opinion of some trader who comes across as extremely knowledgeable and competent? I dread to think. I used to do it too. In fact, I lost way more money following the advice of other traders, brokers and famous analysts than I managed to lose trading my own style.

Distinguishing between what is true for your trading psychology and personality and separating the wheat from the chaff is a tall order.

Most traders' brains are simply not trained to manage their minds in a constructive way that serves them. They are too immersed in their unconscious addiction to know ahead of time where the market is going. I know this is tough talk, alas it is one of the few truths out there. Freeing yourself from the addiction to market news is one of the kindest things you can do for your brain and your trading account.

Mercedes Oestermann van Essen is a success coach and trading psychology coach. She works with financial professionals and entrepreneurs assisting them to create brain coherence and manage their internal states.

She is well known and respected for her cutting edge insights in the field of trading psychology. Mercedes Oestermann van Essen is the author of "The Buddhist Trader", available on Amazon.com and other books on personal development and trading psychology.

Her guided meditations for traders and investors increase harmony and coherence in your (trading) mind: https://www.thebuddhisttrader.com/product/transformational-guided-meditations-academy/

Please sign up for the "Buddhist Trader" newsletter at: http://www.thebuddhisttrader.com and discover invaluable information on spiritual success, neuro science, life transformation.

Article Source: https://EzineArticles.com/expert/Mercedes_Oestermann_Van_Essen/112733

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Credit Ratings - The Money Advice Service

Do you know what your credit rating says about you? Do you understand why it's important and what effect it can have on your life? Almost a million people have watched this great video by the Money Advice Service explaining just that!

Did this video help you understand your credit rating better?

5 Proven Steps To Doing Really Well In Trading

Hi. Have you ever wondered what it takes to do really well in trading or what necessary steps you need to do? I keep receiving these questions quite often. So let me give you my five proven steps. I've been doing really well with them in my own trading, so I believe they can help you too.

Step #1: Questions

You may or may not like it, but successful trading is about the ability to come up with new, fresh ideas. Fortunately, it's not as difficult as it sounds. All you need to do is to keep asking this question: "What happens if... ?" What happens if I buy when the RSI indicator is overbought instead of oversold? What happens if I start moving my stop-loss according to my moving average? By asking the "What happens if... ?" question constantly, you start to move forward really fast and I can guarantee you some of your ideas will be sooner or later really big winners.

Step #2: Robustness Testing

Most strategies are crap. That's the fact. But how do you know which ones aren't? You can always find it out through extensive robustness testing. What does it mean? In my case it mainly means three things: A) A good strategy can easily adjust to changing market conditions. An extensive walk-forward testing is needed at this stage. B) A good strategy performs reasonably well in other markets. C) A good strategy has been developed only on a part of all your historical data and performs well on the rest. To be very honest with you, about 95% of all my strategies never pass my robustness testing criteria, but when they do, it's time to move to the next step.

Step #3: Portfolio 

One strategy will help you learn, but a portfolio of strategies will help you grow. You don't need to have a big portfolio at the beginning, but even three strategies are much better than just a single one. Remember, if you want a smooth equity and a steady income from your trading as soon as possible, the only way is through diversification and portfolio. Very few people are aware of this and even fewer spend significant time by modeling different portfolios. I personally spend a lot of time trying to find out the best way to combine my strategies together to make a really good portfolio.

Step #4: Position Sizing 

Let me ask you a question: Do you want to make it big or do you want to stay small? Because if you want to make it really big, then you need to start seriously thinking about position sizing. This topic can be pretty complex, but it can be also extremely rewarding. So, where do you start? I highly suggest reading Van Tharp's book "The Definitive Guide to Position Sizing." You will learn a lot. Personally, it has moved my trading to a whole new level.

Step #5: Persistence 

Listen, it can be done. It doesn't matter what education you have, how old you are, or even how confident you feel at this moment. I've seen many people succeed. I've seen traders making it from zero to quite a nice living, and that's why I believe that you can do it too. Yes, it does take some time, effort and learning, but once you're finally there, it's all worth it. So, stay persistent and mainly never give up, and that's really all.

Happy Trading!

Tomas Nesnidal is a European trader and developer, with 10+ years of full-time trading experience. You can download an example of his strategy for FREE on his blog http://www.SystemsOnTheRoad.com.

Article Source: https://EzineArticles.com/expert/Tomas_Nesnidal/2231820

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The Cost of Christmas - Money Advice Service

Cute and a little bit of fun - what do your kids think the price of Christmas is? Have you asked? Share what they say in the comments below!