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Forex Trading Tip #1

I received many mails & queries on my previous article of forex trading. I presume some of you have already downloaded the free demo version of etoro forex trade. If not , you may download it now by clicking this link : free etoro demo forex trading software. I find etoro to be the best forex trading system in the market.

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Earn from Forex Trading

If you are exploring online earning opportunities where one can earn 1000′s  of dollars from your home PC; trading forex online could be the option you are looking for.  The word trading is usually associated with risk, due the ups & downs of the stock market. Here, we are not talking of stock trading but trading in foreign currencies through forex platforms.

Forex markets are a much safer bet than stock due the facts mentioned below:

  • Unlike stock market, up or down forex signals does not affect your earning potential. When a currency pair is going down one can make profit by selling it & vice versa when the currency pair is going up.
  • The forex market stays open throughout the day; this increases the earning potential & decreases the risk.
  • Most online forex accounts come with a stop loss mechanism. This means that you can never loose more money than that you have invested in that particular trade. We can also manually set much lower stop loss levels.
  • One need not pay brokerage or commission charges for forex trade.
  • Personally, I like the leverage in forex trade (also known as FX trade). In stock market one can get a leverage of 2:1 whereas forex brokers give you a leverage of up to 400:1. This means that smaller investments can get higher returns. (Higher leverage also means higher risk)

The challenge that we face is to learn to the new skills like – forex trade, forex signals, forex calendars & decipher forex charts & forex news.

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Achieving More

Achieving More

What is the easiest tool to achieving more? How diffificult is it & how much it is going to cost? Here is the big news- the tool for achieving more is simple & FREE!……………………………..It’s the good old “To do list“.

In my humble opinion, it is important to be organized to be super achiever & making a to- do- list is the most important step of being organized. This is true not just for people at work, self employed professionals; homemakers & students need it too.

Lists energize us into activity & gives direction to our day. Without a list, one is very likely to drift aimlessly into the day. List is a great method to guide us into specific time bound activities. I feel that a well made to- do- list inflicts the right amount of pressure on us which makes us more productive. Some readers may say that their life is perfect without a list. Well! If you are happy with where you are, you probably needn’t change anything. But for people aspiring to achieve more,  a to-do-list is a good place to begin.

It is possible that one may still procrastinate & be ineffective despite making a list. Here are some tips that will ensure that you get the maximum out of your list:

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Tips for Procrastinators (Part 2)

One of the long term solutions to stop procrastinating is to understand why we procrastinate.

People procrastinate for various reasons:

  • Fear of failure
  • Enormity of task
  • Dislike for a particular aspect of work
  • Boredom

It may take a while for one to get to the base of the problem. Once we identify the reason, overcoming procrastination really becomes easy. Getting on top of this problem is a gradual improvement process. Here are some shockers (Quick tips) that may help you to get a jump start on some types of procrastination.

  • Invite friends for lunch or dinner. This is certain to help you if you have been putting off cleaning the house!
  • Spend some money on what I call `Organizers’.  Lets look at some illustrations :
    1. Purchase a desk or dated box file to organize the bills that are lying cluttered.
    2. Buy cartons to pack off certain seasonal materials.
    3. Get a tool kit to finish the pending home repairs.

    The excitement of new Òrganizers’ & the guilt of expense should get the job done.

  • Do a 80:20 exercise on weekend. The 80:20 rule says that we use only 20 percent of our belongings 80% of the time. This in turn means that we do not need to keep 80% of the things we process!

Take a stock of your papers, utensils, clothes today. If you have not used something in the past one year, you are probably never going to need it again. Get Rid of it TODAY. When I knew that I need not file 80% of the pending papers, I immediately got into the act of filing ( & discarding).

The best part of this 80:20 exercise is that we can look forward to the exciting shopping ahead to replace some of the things we have discarded ( urghhhh… ??)

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Tips for Procrastinators (Part 1)

When I started this blog, I introduced myself as `Jack of all & master of none’. Reflecting on the statement today, I realize that it was a lie. I was certainly a master at one- The art of procrastination.

The first article of this blog was written on January & I procrastinated till May to write the next article. Two books have helped me to overcome the problem to a great extent: Eat that frog by Brain Tracy & Procrastinators’ handbook by Rita Emmett. Thanks to some of their recommendations, I have overcome the problem of clutter at my office & am on my way of overcoming the financial mess of late cheques & irregular premium payments.

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Time Management Tips

Overcoming 5 Time Stealers

If you regularly find yourself running & dashing to meet deadlines, you have most probably fallen into the deadly sins of time management.

We often try to make time. ………… read that line again. How can one make time? We can only utilize the time we have.  In this post I have tried to analyze some of these traps that one needs to avoid, because these are dangerous & hidden time stealers.

Garnishing  or Decorating:  In the process of completing projects , we give over emphasis to our own creative ideas & end up doing un-necessary things that are fun but do not add any real value to the project. The result of all this distraction is a delayed project.

The bane of Perfectionism: Some blessed beings, under the burden of ego end up spending too much time perfecting their projects rather than focusing on tasks that should already be done.

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7 Don’ts for our body

7 don’ts – never late to know

How I wish that I learned these at kindergarten.  I was/am enslaved to many of these habits blissfully unaware that these habits were causing long term damage to my body.  In fact I fall prey to some of these habits even today :-? .  The good news is that now I am aware! & will eventually come out of these self damaging rituals.  May be, “Top to Toe Don’ts” is a more apt title for this article.

Here are 7 Don’ts (Top to Toe)

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Tips for a successful supervisor # 2

“Paradigm shift, 360 degree restructuring, client empowerment, MBO, six sigma” These words have ambushed themselves into the management terminology. In the clamor to be a change embracing organization, many managements have forgotten that Management is simply the efficient use of men, money & machines.

It’s no wonder that today; supervisors have less & less interpersonal skills. My friend, Prewit did a wonderful job in listing the attributes for a good supervisor in the article Tips for a successful supervisor. That article clearly stated that interpersonal skills supplement other skills like problem solving & communication skills. I have always believed that an effective supervisor is one who can get the best out of his/her team. Let’s looks at five tips that will motivate people to work under you.

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E-mail Etiquette

E-mail Etiquette

E-mail has improved the efficiency of companies worldwide.  It is easy to use, totally free & instant. E-mail has also given the option to the companies to be proactive to the changes in the market.

Alas! Despite this, most business schools do not teach e-mail basics even in today’s world. Your E-mail etiquette is absolutely vital to your career growth. Lack of E-mail etiquette is detrimental to the image of your establishment.

I have learned some E-mail basics through many trial & errors & want to share the same with readers of Friendly-Tips.

5 basic tips for better E-mail etiquette

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Tips for a successful supervisor

Article by Prewit P

Tips for a successful supervisor

When I asked one of my friends to define supervisor, he said, “Supervisor is a middle management employee on whose shoulder rest managements’ gun, used as sand bag by the subordinates and as punching bag by the customers” :lol: . In real work scenario, this definition is very true because, most of the supervisors are internally promoted to that position without any proper guidance! And the result, new supervisor gets weighed down by the conflicting demands of the management, customers and sub-ordinates.

Who can become a supervisor?

Well, every one has the potential to become an effective supervisor provided, he /she understands their role and has the right approach towards the organization goals. The best of the employees not always make the best supervisors, at least, not without the proper guidance.

As a supervisor, it is important to clarify your job role, to your subordinates and other coordinating departments. Realize that you are no longer belongs to that “group’’ you used to hang around with. That doesn’t mean that you are estranged, it’s just relationship with different vision.

What are the important skills required for a supervisor?

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