A Foreign Exchange trade occurs when a party buys a particular currency from someone by exchanging it for another. For example, a trader can buy Japanese Yens (JPY) with his or her US Dollars (USD). The Foreign Exchange market, also known as Forex, is the world’s largest financial market, with a volume of about $2 trillion a day. In comparison, the NYSE only moves about $25 billion per day.

Unlike other financial markets, the foreign exchange market does not have a physical location or a central exchange. We say it is decentralized. It operates 24 hours a day, 5 days a week (3:00 PM PST on Sunday until 1:00 PM on Friday PST) through an electronic network of banks. For that reason is it considered to be an Over The Counter (OTC) market.

Forex prices are essentially influenced by (a) interest-rate differentials between currencies (including expectations of future rates) and (b) the balance of payments between countries. The balance of payments comprises the trade balance (payments for goods and services), the current account (the former + profits, interest and dividend repatriation) and the financial or capital account. In today’s forex market, significant changes in the financial account resulting from financial crises can have a tremendous impact on exchange rates (e.g. unwinding of yen carry trades).

Some FX markets can be influenced by Central Bank action (or inaction) - a sterilisation operation or other open market operation to devalue or revalue a currency or maintain / abandon a peg can have tremendous impact on exchange rates. In developed country economies, Central Bank influence on the FX markets is limited to deciding the official policy rate - this has a significant bearing on the exchange rates of big economy currencies (e.g. USD, GBP, EUR). Hence, any data that has an influence on the policy rate decision must be watched carefully (e.g. data on GDP, inflation, retail sales, housing market etc).

 To Your Success

 Ryan

To be financially free means that you have enough money so that you don’t worry about it continually, as most people do. In my opinion these are the five essential  steps to achieve financial freedom.

1. Desire:This is the most important factor in obtaining anything great in life. Yes financial freedom is a great thing that most people do not have. Most people are really just over broke & settle for that kind of life only because they don’t want to go out of their way to achieve financial freedom.Desire is what will be your guide through the next 4 steps. If your desire is strong enough then you will achieve it. You are going to have to take the road less traveled & desire is the only thing that will guide you along.

How bad do you really want change? Anyone who has achieved anything out of the ordinary had a burning desire. For you to achieve your goal you will need a white flame burning desire burning inside you at all times. It has to be so strong that nothing can put it out.

2. How much you want – your income goal:First of all before you even start looking for financial freedom you should determine exactly what does that mean to you.For some people financial freedom may mean:

• An extra $1,000 per month

• An extra $10,000 per month

• $100,000 per year • $1,000,000 per year

 It doesn’t matter how low or how high your version of financial freedom is. What is important is finding out what that figure means to you & then writing it down.Now you have an income goal. The main reason that many people struggle through life is because they didn’t know what they really wanted.

Many people start businesses with “the sky’s the limit’ approach but never seem to reach it. Have you ever tried to touch the sky? When people say that the sky is the limit they have absolutely no idea how much money they want to make. If you don’t know what you want then how do you suppose that you are going to get it? When someone doesn’t know what they want they tend to live with life just happening to them & settling for what they get.

3. Seek Wisdom:All super achievers seek wisdom. It doesn’t matter how successful they are because they no how important it is to constantly build your mind. Find books to read about building wealth. Find seminars to help build your mind set. They don’t teach this kind of thing in the school & that is why so many people find themselves just over broke.Did you know that only 5 percent of the population makes 97 percent of the money in the world? That is not an accident. They know something that the masses don’t know. They know how powerful the mind truly is & how much constant effort that it takes to maintain it.

Your mind is like a beautiful garden. If you don’t water & nurture it daily, then it will not bloom. Most people do not spend very much time at all on building their minds with books & other ways to find wisdom.When the student is ready the teacher will appear.

4. Belief:This is the main thing many struggle with. They just don’t believe that anything great can truly happen to them so they live their lives accordingly. Many believe in luck & that they don’t have enough of it. They think that only the lucky people achieve anything out of the ordinary.The super achievers don’t belief in luck. They know that the only way to achieve is through belief. If you don’t truly believe that can get what you want then you won’t. The only way that you can get what you want without enough belief is if your desire is strong enough. If your desire is strong enough then it will guide you to believe.

5. Your mind set:When you are seeking something you should keep an open mind. Once a desire has been launched your subconscious mind will start opening doors where only walls existed. You will be given signs of how your desire will come to exist. It may be a something that you receive in the mail, a newspaper, a discarded piece of paper lying on your lawn or even an old friend giving you a call. Most people overlook these signs because they are too preoccupied with so many thoughts that they are constantly bombarded with all day long.

Find time to be still & quiet your mind. Everyday find a quiet place where you can sit & just be quiet. Don’t fix your hair, rearrange furniture or even pictures frames. Just sit or lie in a comfortable position & quiet your mind. It will be hard at first with all the chatter going on in your head. As thoughts come, acknowledge them & say to yourself that you will think about it later then release them. Once your mind is quiet your subconscious mind can go to work by bringing opportunities that match your desire.If you can’t find a quiet place at home then find one outside your home like a local park. It is very important to practice this stillness on a regular basis no matter how busy you feel that your life is right now. If you are serious about true financial freedom then a peaceful mind is what will get you there.Here are some examples of Residual of Passive Income:

 • Real Estate & Property

• Forex & CFD (Investing)

• Stocks & Bonds (Investing)

• Home Based Business & Internet Marketing  (Immediate Cash Flow & Residual Income)

When you decide exactly what you want your financial picture to look like and you have the right vehicle / instrument coupled with right belief and mindset. You can materialize your financial freedom.  

To Your financial success Ryan Yan

The way to financial freedom is not a easy route, an effective, well-oiled financial success system is something most people would dream of in their entire life. Like a cash cow, it would keep them rich for many years to come. Yet, how many of us can truly understand that the source of developing such a system lies within ourselves?

Financial Freedom has many meanings to it, its all about how you look at it, because financial freedom isn’t just about the cars, houses , bank accounts its also being free within yourself and having choices in life.The fact is that the key to developing a financial success system lies within our mind, or more specifically, the subconscious mind. If you ever wanted to strike it rich, using the power of your mind to develop a financial success system would be something that would come useful to you in the long run.

For starters, it is important to develop a positive attitude towards the concepts of money and wealth. Many people tend to view money and material wealth on negative terms. After all, how many times have you heard parents preaching the aged old saying “money is the root of all evil” to their young ones? However, to have such an attitude would imbue your subconscious with negative affirmations that money is indeed evil.

Granted that the subconscious mind can influence the conscious mind, which in turn determines our actions, holding such an unfavorable view of money would result in it never coming to us. We die poor. As such, we should adopt a more positive approach towards money, recognizing that it is only with money that we are able to fund various creations that are ultimately beneficial to us. Doing so would allow our subconscious to act in the reverse manner of what we mentioned earlier. Our subconscious mind would condition our conscious mind, and thus, our actions to attract money. We enjoy abundance in this result through the use of our mind’s power.

In addition, it is also important to have clear targets on your financial goals. Such goals should be clear, precise and down to the very detail. Precise goals provide your subconscious with greater focus, preventing you from being distracted by any obstacles that may happen to come between you and your financial goals. This is important as your subconscious mind needs the necessary positive affirmations and undivided attention from you in order for it to work its magic on your conscious mind and the actions you take.Finally, it would be a good idea to be surrounded by positive-minded people who have the same goals in you. Without the ability to discern, the subconscious mind is very vulnerable to negative affirmations which might be spread to you by people who are constantly living with negative affirmations in their minds.  

The key to an effective financial success system lies within the power of your mind. Ability to influence your subconscious mind in positive ways through positive attitudes, goals and people will ultimately allow you to realize your all financial goals in life.

To Your Success

Ryan Yan