Debt Consolidation and Reduction

By Marion Jones

So, now you can see the writing on the wall, you are in up to your neck and your creditors are starting to call you at home in the evenings as well. You are aware that you have to do something, but you're not sure just what. It's so embarrassing having to talk to that kid from your creditor's debt collection department, especially over the phone; but you don't want to take time off work to go down to their offices either! And you can't wish the problem away. You've heard of debt consolidation and reduction and you think you need to look into it.

However, before you consider debt consolidation and reduction loans, take a look at your debts to calculate your total exposure. Debt is an avenue of credit lines given to you by creditors who thought that you would repay the amount borrowed or owed. When creditors become aware that you are behind on your repayments, they will usually delay a couple of weeks before telling the collection agencies.

During this time, you might want to contact your creditors and ask for an extension, balance reduction, or even a complete termination of the sum owed. Creditors expect their balance and therefore, they may extend your credit, since they want to avoid the problems that arise when reporting customers for non-payment.

Creditors do not really want to antagonize their customers, because they want their customers to do the right thing, pay their debts and eventually continue doing business with them. If you fail to contact your creditors, however they will hand your files over to the collection agencies in the end if they cannot make any headway. These agencies frequently use much heavier tactics to recover the debt owed.

These agencies will go to almost any lengths to stress you to the point where you find a method to pay, or else stress you to the point that you need to seek professional help. Debt consolidation and reduction is a process of eliminating debts, while a loan may or may not be needed.

When you do speak with your creditors, ask them for leniency, so that you can attempt some manner of debt consolidation and reduction by reducing your outgoings. If the creditors agree to debt consolidation and reduction by lowering your payments, terminating it, or else providing you with an extension and you refuse to take advantage of their offer, ie, if you fail to make repayments after the offer is made, then they will not be as cooperative the next time you speak with them.

Make sure that you make good your debts as agreed with your creditors to minimize any further complications. Communication is of the utmost importance, because if you have ceased talking to your creditors, they have every right to go all out to recover their money. This will assist you in your debt consolidation and reduction. - 23210

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Investing in Gold

By Michael Swanson

Gold has always been a precious metal and commodity, and many people invest in gold on a regular basis. Whether they were investing in gold for the short term or to hang on to, there was a good chance for profit.

Just like other commodities gold is on a market and falls, rises, and can stay steady. Those who trade for short -term gold are looking to purchase it when gold is lower, and then will sell it as soon as it rises just a bit for small profits.

They may hold onto the gold for just a few moments or they may hold onto it for a day, a week or a month. This is all considered short term gold trading. And while profits are made, it's a small amount at any one time.

For those who enjoy bigger profits, they may be considered long-term gold traders. They may actually hold onto the gold for several months or perhaps a year before they make another trade.

The whole point is to make a profit by either selling or buying gold at the right time. You can invest in gold just like you do other commodities, through a broker of one sort or another.

Now with the Internet trading platforms you do not even have to go to your brokers office or make a phone call. The ease of trading gold on the Internet has made it so everyone can invest and make profits. Just remember you also can lose money by investing in any trading commodity and gold is no different.

Therefore, understand your trading platform and your broker contract completely before investing any type of money. It's important to keep an eye on what gold is doing so that you know whether it's rising or falling and can make your profits when the price is more than when you bought it. - 23210

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Silver Eagle Coins USA

By George Lapidis

Coin collector aficionados consider the American Silver Eagle coins sets a valuable addition to their collection. Though many consider the Eagle coins a collector's item across the world, only the serious collectors know that it is made off the purest legal silver in the history of the United States.

There are a number of other aspects linked with silver eagle coins that add to their value. First of all their size is such that they are easily portable. Hence you can carry your collection around with you.

These coins have a government guarantee status which is applicable universally. This makes the coins highly liquid and they retain great value around the world.

The value of silver eagle coins is high but how do you compare them with other collectible coins. Their worth differs in that these coins are not antique.

Contrary to popular belief, these coins are young and have been in circulation for only two decades.

When looking at purchasing a set of silver Eagle coins you need to verify were the coins were produced and what date they were minted on. Further you must be able to identify the mint marks and also know in detail abut which ones constitute a good finish.

These coins are not meant for market circulation or trading but were created and issued only for collectors. The collectibles can be purchased directly from the US Mint.

In the early years of silver eagle coins the uncirculated coins were not available for sale from the mint. Rather they could only be purchased from accredited coin dealers and precious metal firms.

This is perhaps one of the most sought after silver eagle coins by collectors. The 1955 silver eagle is part of the first limited edition set of coins. The set also had the 1995-W Proof American Silver Eagle which was not found by itself in the market.

The set included the American gold coin in one ounce, half ounce, quarter ounce and the tenth coin. This complete set was available at a tag lower than 1000 dollars and only 125 sets were produced.

The fact that the American eagle coin collection is guaranteed by the government gives the collector an assurance regarding the purity, value and weight of the coins in question. These coins are loaded by hand into the coin press and then they were stuck on specially burnished blanks that had the special mint mark for each coin.

Today the American silver eagle is credited as being the best selling silver coin collection of the world. Over 130 million have been sold since 1986 each one made from 100% pure silver guaranteed for by the sate. - 23210

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Results From Forex Trading Made EZ

By Micheal Bates

As a beginner investor, I believed I could produce great market results. I started investing to try to make a little money. I wasnt prepared for what was in store for me.

Unfortunately, I ended up paying in the long run and learned that I needed to know a lot more about the markets and the best ways to trade on them. I found a course called "Forex Trading Made E Z" and decided to see if it could improve my grasp on trading foreign currencies.

This wonderful program turned my fortunes right around and was the catalyst for my new career as a professional Forex trader and investor. I can't say enough good things about Forex, and I know I am only one of thousands who feel that way.

The training I received through Forex Trading Made E Z made all of the difference. It was perfect for me as a beginner because it provided a system that is easy to learn and trade with. Just like a gym membership, it's only good if you make the most of it; immersing yourself in the coursework, reading, and videos will prepare you to make a killing in the market once youre finished.

Second, this program produces high rewards with very low risk. The third and final reason it is great for new investors is that losing trades are rare and typically small. This is pivotal to having any kind of success to trading in the market.

This is based on a market strategy called Forex Scalping. Forex Scalping allows you to get in and out of the market quickly and easily.

Five percent might sound like a small number, but with so few losing trades and the ability to get these gains repeatedly in a short time, in a month's time that five percent return can easily compound to 200% return on investment.

Forex Trading Made E Z has changed my life forever. I get to be my own boss and make more money now than I could have possibly imagined. Review it for yourself and see if making money with low risk and high reward is something you want in your life. You'll be kicking yourself about another missed opportunity if you don't even take a chance to read a little about this life changing currency training program. - 23210

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Breakout Fading Explained (Part I)

By Ahmad Hassam

Fading breakouts refers to trading against breakouts. When we believe that breakouts from support and resistance levels to be false and unsustainable we fade breakouts. Suppose you believe that the currency prices will not be able to follow through action in the direction of the breakout. You trade in the opposite direction of the breakout.

Fading breakouts tends to be more effective as a short term strategy. It is not meant to be a long term strategy. False breakouts are also known as fakeouts. False breakouts are a bane for breakout traders but boon for breakout faders.

Support level attracts the buyers enthusiasm for higher bids. It prevents the price from falling further. The resistance level attracts the sellers enthusiasm for shorting and it prevents the price action from advancing higher. Support and resistance are seen as the price floor and the price ceiling respectively.

It is perfectly logical for the crowd to think that if the support level is penetrated, then the price action should move downward. The crowd is more likely to sell than to buy when the price action breaks the support level from above. The idea of trading breakouts appeals to many independent traders especially those new to currency trading. The crowd likes to trade the breakout.

The opposite is true of a price break above the resistance level. The crowd usually concludes that if the resistance is broken, then the prices are more likely to advance higher in the rally. Hence, the crowd is more likely to buy than to sell.

You will find clusters of stop loss orders placed by traders who have brought near the support level or have sold near the resistance level. Now you can also understand why there tends to be large number of entry stop orders placed just above a resistance level and also placed just below a support level.

Short positions will be stopped out when the price action breaks out above the resistance level. Similarly, when the currency prices crosses below the support level, long positions will be stopped out.

You will ask why most breakouts fail? The fact that smart traders need to take the money from the novice and inexperience traders is one of the most important reasons why most breakouts fail. Always remember, it does not always pay to have the same mentality as the crowd. The majority will cash out of the trading game broke.

Money has to be made from the majority. Not from the minority who got it right. The crowd holds the dumb money with the weak hands. Smart money belongs to the big players who have a couple of tricks to sabotage the crowd.

It causes vertical rallies or declines when the crowd scrambles to get out of their losing positions. Most money is made when the crowd turns out to be wrong. Read Part II for more on Breakout Fading. - 23210

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Know These Forex Broker Games. Learn Forex Trading!