I'm an observer. I watch Emini traders come and go, I watch them start their trading careers with great enthusiasm, spend a fortune on learning this business, and a lot of the time, watch them blow up and give the game away frustrated without ever knowing why.
Hot topics, Emini trading systems and trends come along regularly. There's always a new 'in' thing making an appearance on the trader's radar screen. And whenever there's a new rage, there will be traders who jump on the bandwagon.
But the fact is that many of these trading system 'revelations' are nothing more than over-hyped garbage designed to separate gullible traders from their cash. Systems that sound great in theory, but don't work in the real world. What happens when this new system doesn't work as advertised? People begin to lose interest and look for the next big thing. And so the cycle continues.
Marketers selling their Emini trading systems continue to roll out their latest and greatest 'must have' tools and methods for beating the market, and all the poor souls who are looking for something to help them improve their trading results, pile on board hoping that finally 'this is the one'.
Normally it's not 'the one' at all, so the promoters give a few refunds to those who actually tried to use it and failed, and everyone else just puts the whole sad episode down to experience. There is a never-ending stream of trading products and courses to buy. The bottomline is that you might never stop spending money on useless training if you try to learn to trade the Emini yourself.
But - What if could shortcut this expensive, difficult to master, extremely time consuming 'learning to trade' experience altogether and start trading the Emini market profitably right now, as soon as tomorrow?
Well you can, and it's a very simple thing to do. By subscribing to a Trading Alert Service that gives you high probability buy and sell signals, you completely remove the need to spend a fortune on trial and error and untold years of your valuable time on learning to trade.
You simply borrow the proven system of somebody who's worked out how to trade the Emini market profitably, and follow the signals you are given. Of course, there are good Alert Services and there are bad ones, so what should you look for when making a decision on which one to register for?
1. Look for a service run by trader who has been in the market for a long period of time who still actually trades the Emini market. You wouldn't believe the number of people selling trading services who have been so beat up by the market that they haven't traded in years. If the guy who runs the service is actually making the calls live in the market for you, that's even better.
2. Make sure you can access a free trial of the service so you can 'road test' the alerts and the atmosphere of the Trading Room before you commit to it. If they won't give you a trial, run, don't walk, away with your credit card safely in your wallet.
3. Spend your time during your free trial period testing the validity of the trading calls and make sure they are profitable before you commit to becoming a member of the system. If you don't find that the system produces a profit for you (whether you paper traded the alerts during your trial or traded them for real), it's unlikely that it will afterwards either. Beware the "Oh, this was just a bad week" story some people will spin you.
By finding a Trading Alert Service that produces consistently profitable trades, you will save your most valuable resource - your time, and likely thousands of dollars in losses as you try to work it all out for yourself.
Showing posts with label Benefit. Show all posts
Showing posts with label Benefit. Show all posts
Friday, June 12, 2009
Getting a Grip on Life Insurance Terminology
They say taxes and death are the only absolute things in life. Whether this is true or not, you can prepare for both. While tax planning is an interesting subject, we are going to look at life insurance in this article.
A classic sketch of a conversation with a life insurance agent would show the person trying to buy a policy with their eyes glazed over. Why? The terminology being used is confusing. Well, let’s change that by discussing some or the common terms used.
References to Adjustable Premiums should be examined closely in any policy. This allows the insurance company to change the premiums on a block of policies during the term of the contract.
The Amount At Risk on a policy is something insurers pay close attention to. It is the difference between the face amount of a Whole Life Insurance policy and the cash value. The amount at risk is the difference, to wit, the figure the insurer will have to pay out.
The Cash Surrender Value of a policy is often misunderstood. It refers to the amount due a person who terminates a policy holding a vested cash reserve in it. There is often an arbitrary charge deducted by the insurer as well.
The Commutation Rights associated with an insurance policy apply to the beneficiary of the policy. Depending on the policy, the beneficiary may elect to convert installment payments to a lump sum payment.
Many modern insurance policies contain a Contestable Clause. This gives the insurance company up to 2 years to void the policy if they find evidence that would have resulted in the rejection of the policy application when originally made.
The Right of Conversion refers to an individual’s right to convert a policy held as part of a group into an individual policy if the person ceases to be part of the group.
The insurance phrase Double Benefit or Double Indemnity refers to a policy that pays out double the stated benefit if the person whose life it is based on passes away in a particular way, such as a car crash.
For many people, building up cash value in an insurance policy is a smart move. A Dividend Accumulation clause allows you to do just this, to wit, reinvest an dividend paid by the insurer back into the policy.
The Whole Life Insurance Policy is one of the staples of the life insurance industry. The policy provides a death benefit, but also accumulates cash within as premiums are paid in over time. There are many different ways to pay the premiums, so make sure to ask.
The Variable Universal Life Insurance Policy is a more recent and popular product. Premiums and benefits are adjustable. Money is accumulated in the policy and can be invested. The flexibility makes the policy attractive.
The important thing to understand about life insurance is that polices differ greatly. This means you must understand exactly how a policy being pitched to you works. If terms are used that you don’t understand, ask for clarification!
A classic sketch of a conversation with a life insurance agent would show the person trying to buy a policy with their eyes glazed over. Why? The terminology being used is confusing. Well, let’s change that by discussing some or the common terms used.
References to Adjustable Premiums should be examined closely in any policy. This allows the insurance company to change the premiums on a block of policies during the term of the contract.
The Amount At Risk on a policy is something insurers pay close attention to. It is the difference between the face amount of a Whole Life Insurance policy and the cash value. The amount at risk is the difference, to wit, the figure the insurer will have to pay out.
The Cash Surrender Value of a policy is often misunderstood. It refers to the amount due a person who terminates a policy holding a vested cash reserve in it. There is often an arbitrary charge deducted by the insurer as well.
The Commutation Rights associated with an insurance policy apply to the beneficiary of the policy. Depending on the policy, the beneficiary may elect to convert installment payments to a lump sum payment.
Many modern insurance policies contain a Contestable Clause. This gives the insurance company up to 2 years to void the policy if they find evidence that would have resulted in the rejection of the policy application when originally made.
The Right of Conversion refers to an individual’s right to convert a policy held as part of a group into an individual policy if the person ceases to be part of the group.
The insurance phrase Double Benefit or Double Indemnity refers to a policy that pays out double the stated benefit if the person whose life it is based on passes away in a particular way, such as a car crash.
For many people, building up cash value in an insurance policy is a smart move. A Dividend Accumulation clause allows you to do just this, to wit, reinvest an dividend paid by the insurer back into the policy.
The Whole Life Insurance Policy is one of the staples of the life insurance industry. The policy provides a death benefit, but also accumulates cash within as premiums are paid in over time. There are many different ways to pay the premiums, so make sure to ask.
The Variable Universal Life Insurance Policy is a more recent and popular product. Premiums and benefits are adjustable. Money is accumulated in the policy and can be invested. The flexibility makes the policy attractive.
The important thing to understand about life insurance is that polices differ greatly. This means you must understand exactly how a policy being pitched to you works. If terms are used that you don’t understand, ask for clarification!
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