Wednesday, 8 February 2012

Stock Trading Vs Forex Trading

There was recently a rally in the stock market. The global economy is almost out of the recession. The US economy that drives the world economy is showing signs of recovery despite record unemployment rate that is being expected to go down in 2010. Stocks are back!
Stock trading has always been the most popular form of investment. Buy and hold has been a proven and tested method of investment. There are many companies that have weathered the recession and there stocks are now poised for a rebound. In the last few years, forex trading has also come off age and many people started trading forex after the stock market crash of 2008.
So which is the better: stock trading or forex trading? Let's compare the pros and cons:
1. Forex is a 24/5 market which means that in the forex market you can see continuous action throughout the week except on the weekend unlike the stock market where stocks can only be traded during the day mostly 9:00AM to 4:30PM EST. What this means is that you can trade forex anytime of the day. If you have a day job, you can trade forex after hours.
2. More than 90% of the global forex transactions involve US Dollar. There are not more than 6 currency pairs involving US Dollar that are heavily traded. As compared to that there are more than 50,000 stocks registered in the US stock markets alone what to talk of those stocks registered in the London Stock Exchange, the Tokyo Stock Exchanges and other exchanges. So in forex trading, you only need to focus on a few currency pairs. The most heavily traded currency pairs are GBPUSD and EURUSD.
3. Forex brokers offers leverage as high as 100:1 as compared to 2:1 by stock brokers. So even a small price movement in the forex market can be profitable as compared to the stock market.
4. In forex trading, you can practice on your demo account until you get the rquired experience. Recent development of automated forex trading has made forex trading easy for people who have no previous experience of trading.
So if you compare stock trading with forex trading, you will find that fx trading is indeed the better option now. There is never a bear forex market. If one currency goes up, the other in the pair goes down. That's why FX Trading is being called the Recession Proof Business of the 21st Century. Don't wait for the economy to recover completely. This is the best time to trade forex!

Saturday, 19 December 2009

Why should you get something above the minimum insurance?

In my proud little state the state government has imposed a minimum requirement in the car insurance policies needed by a citizen. This minimum on car insurance policy dictates a floor standard in the coverage plans purchased by those who need car insurance. Based on my experiences getting the minimum state requirement for car insurance has its own advantages and disadvantages. Honestly, I never opted to but the minimum requirement as long as I can afford getting better one simply because minimum required car insurance translates to minimum benefits. I know that many would agree with me on the claim that getting better car insurance is more beneficial than getting the minimum required car insurance.

There are different car insurance requirement in every state. The imposition of a minimum requirement is highly dependent on the local state government. In their decision making process on the minimum insurance requirement the government with the help of the car insurance companies assess the risks that we can encounter while driving in our state.

In my years of being insured, I came to an understanding that there is only one benefit from a minimum insurance requirement, it is a lot cheaper than the regular car insurance policies. The price of the required minimum insurance is cheap because it is bargained by many insurance companies.

Car insurance comparison appears to not be working in minimum required policies since they are all the same. But policy shoppers just like me should always be vigilant enough in knowing and weighing the disadvantages and advantages of just getting the minimum. Contrasting the single benefit of getting the minimum required car insurance in the state, disadvantages as I judge them seem to be overshooting the single benefit.

Taking actual accounts from my friends and neighbors there are two main reasons why should we get insurance above the minimum requirement- coverage and claim. In accident we cannot account for everything, getting a minimum required insurance will limit your claimable coverage no matter how grave the accident is. Opting to get a minimum required policy will also make it difficult to file claims because of the limited investigations authorities can make due to the limited coverage access of the car insurance policy. Since then, I always remember that not everything cheaper is better because we can be giving up something important just to save a couple of bucks. 

Friday, 18 December 2009

Alternative way to making your business website get better traffic

Text links the most significant factors to increase the SERP(Search engine reputation) by wrapping the choosen significant keywords. Text links building, directing the visitors to your specific websites. For example, you buy text links in popular forex blog to directing visitor to your own site.
When your website SERP(Search engine reputation) becomes higher, the visitors prefer to visit your websites. Buy text links on the websites having relevant content may also boost up the SERP(Search engine reputation) of your website in by directing the potential and targeted customers towards your web links. providing buy text links, sell text links and quality premium links. have many quality text links for sale in many category, so you can searching site that relevant to your site content whose give you better SERP(Search engine reputation).

Wednesday, 2 December 2009

Financial Benefits of Forming a Nevada LLC

Judgment debtor or creditors have to satisfy themselves with a “Charging Order” that gives them rights to distributions made by an LLC to a particular member named in the judgment. This grants them the right to that distribution, but does not affect the distributions, assets or rights of other members of LLC as a whole. These kinds of security benefits make the LLC very appealing to potential investors. Forming your Nevada LLC offers a substantial amount of benefits to your company as well as flexibility. Protection from liability, asset protection and taxation savings are all benefits of a Nevada LLC.

Nevada will not only help you and your company enjoy the corporate benefits of limited liability, reduced taxation and financial privacy, but as well as a diligent implementation and business development strategy. This will enable you to build your business into an investment-attracting entity and a highly competitive one.

Nevada does not collect personal, corporate, inventory franchise, gift, occupation and stock transfer taxes. And with the federal “check box” method of taxation, Nevada Corporations can opt to be taxed through the business partnership model with “pass through” taxation. This can result to a substantial savings to a business.

What to Expect in an Auto Accident Claim

How the Claims Process Works

Because it doesn't happen to us everyday, most of us don't know what to expect when making an auto accident claim or how to deal with the insurance claims adjuster. Here are the three main phases in the process.

A. Submit Your Claim

After an accident, report property claims and/or a personal injury claim immediately to your insurance company. Reporting to your insurance company in a timely matter is imperative. Be prepared to give the following information:

Your policy number
The date, time, location and nature of your loss
The make and model of your automobile
A description of the damage and injuries
Names, contact information, and insurance information of those involved
Your contact information

B. Your Insurance Claims Adjuster Is Assigned

When your claim is entered into the insurance company's system, an insurance claims adjuster will usually be assigned to you within a day or two. Your insurance claims adjuster will contact you to gain further information and investigate your property claim, personal injury claim, the damage, your coverage and the cause of your loss.

C. Vehicle Damage Inspection

To determine if your vehicle can be repaired or if it's a total loss, your adjuster will need to inspect it. If your vehicle is repairable, you may take it wherever you want to get it fixed. Read your policy, though, as now many insurance companies are putting restrictions on their auto policies. Few people know about these until they actually get into an accident.

Some policies charge a co-pay of 20% of the repair bill if you don't take your vehicle to a network provider. (This usually only occurs with low cost or non-standard polices). You are free to get an estimate from a repair facility of your choice, but most insurance companies require repairs to be based on the insurance estimate only. Any supplements requested by the repair facility will need to be approved by the insurance company.

If your claim is simple, then it can usually be resolved by your insurance claims adjuster within a few days. Minor scrapes or dings are often settled the same day the vehicle is inspected.

However, delays can occur when there is severe damage. This almost always results in supplements, delaying the closure of your property claim. If the claim is more complex than usual, if it involves a personal injury claim, or if there are red flags present, it may take even longer to settle. These situations require detailed investigation by the insurance claims adjuster including an in-person recorded statement, the gathering of medical bills, negotiations with attorneys, etc. If the insurance company believes your claim is potentially fraudulent, they may check your background, run your credit, and require multiple statements from you.

This is why it's so important to know what to expect in an auto accident claim before you actually have one.


8 Ways to Obtain the Cheapest Car Insurance

1. Compare Auto Insurance Companies and Coverage
One way to save on auto insurance is to compare several agencies to see what they offer. Compare the types of coverage, the actual benefits of the coverage (should you ever need to make a claim), and the pricing for each policy. Insurance policies can vary greatly in price, so shopping around will help you find a policy that fits your budget and needs. If you're classified as a safe driver, you can use this to your advantage as you compare car insurance offers. Hint: The cheapest car insurance is not always best, so check out the company and its history thoroughly before agreeing to a policy.

2. Opt for a Higher Deductible
Most car insurance agencies will offer lower premiums if you opt for a higher deductible. The deductible is a set amount you agree to pay before making an insurance claim. This could be $250, $500, or even $750 or higher. If you agree to the higher deductible, your premium will likely be as much as 15 to 30 percent less.

3. Cancel Collision Coverage on Older Vehicles
If you have an older vehicle, insurance can cost more than the car is worth. You are not required by law to keep collision on an older vehicle as long as you don't owe a debt on the car through a lending institution.

4. Avoid Buying Sports Cars
If you're in the market for a new or used vehicle, buy a low profile car - not a sports car. Sports cars can cost substantially more when it comes to auto insurance and they are also very expensive to repair. Sports cars are often targeted by thieves as well. Obtain an estimate of the insurance costs before making a purchase to be on the safe side.

5. Low Mileage Premium Discounts
If you drive under a certain number of miles per year, your insurance company may offer a premium discount for low mileage. For instance, if you drive 8,000 miles or less per year, you might be able to pay less on insurance. Ask the company about this option to see if you qualify. If you don't currently meet the low mileage requirements, consider car pooling to work if possible.

6. Other Auto Insurance Discounts
You can obtain discounts for being a safe driver (with a clear driving record), if you've completed a driving course, or for being a non-smoker. Some companies will give discounts if you insure both your home and vehicle with the same agency. You can also benefit from discounts if your vehicle features certain safety items such as automatic seat belts, certain types of airbags, etc. If your teenager starts driving, have them share a family car instead of buying one of their own. Also, let the agency know if your teen makes honor roll or takes a defensive driving course in school.

7. Avoid Extra Expenses
You can find the cheapest car insurance by avoiding extra expenses such as towing, car rentals, or extra medical coverage (if you already have coverage through a health insurance policy). If buying a new car, read the full factory warranty to see what's included. Then you can possibly drop these items from your car insurance policy and reduce your premium.

8. Keep Inexpensive Auto Insurance
The best way to keep your auto insurance at a low cost is to maintain a good driving record. Avoid speeding or traffic violations. These can cause your insurance premiums to increase a great deal. Also, try to maintain good credit. Many insurers today are considering a person's credit rating when determining auto insurance rates. Remember to pay your premium bills on time. Being late on a bill payment can cause your policy to be reinstated to former higher pricing even if you've been using the same company for a long while. Combine each of these tips to enjoy great savings on insurance. You can comparison shop online and get instant car insurance quotes. The cheapest car insurance comes only with a little research and staying in step with the rules of your agency.


Is Your Denied Insurance Claim a Case of Bad Faith?

Most insurance policy holders haven't heard of bad faith and so don't even think about challenging their denied insurance claim. But it happens every day in the insurance industry.

Yes, there are many responsible and ethical insurance adjusters out there, but the majority of them are extremely overloaded with claims. They simply can't handle every single one of them according to their company's or the Department of Insurance's guidelines.

After a while, handling claims "in bad faith" becomes routine. And since most people have no idea what constitutes bad faith, they do nothing to fight their insurance claim denial.

That's why it's so important to understand the theory behind bad faith so you can protect your "rights of insured".

What Is Bad Faith? And What Are My Rights of the Insured?

An insurance policy is a contract between you (the Insured) and your insurance carrier (the Insurer). As an insured, or policyholder, you are bound to the terms and conditions set forth in the policy. You also have certain duties when it comes to filing a claim.

However, the insurer is also bound by the terms of the policy and has certain obligations to meet. So in exchange for your monthly premium, the insurer agrees to provide the coverage set forth in the policy. This contract requires that it acts in "good faith" toward you.

When an insurer unreasonably withholds the benefits of the policy from its insured, it is considered to be in "bad faith" and is not upholding your rights of insured.

Insurance attorneys know that insurers attempt to deny or underpay claims for any reason they can. To determine whether an insurer is acting in good faith, the court must determine whether or not their conduct is "reasonable". To prove bad faith, you only have to show that the insurer failed to honor the contract and had no reason not to pay what was due.

Examples in Insurance Claim Denials

There are many ways insurance companies commit bad faith and violate the rights of the insured:

Failing to promptly and thoroughly investigate a claim;
Unreasonable delay of payment of benefits;
Unreasonable insurance claim denial;
Using unreasonable interpretations in translating policy language;
Refusing to settle the case or reimburse you for your entire loss.

If an insurance claim denial is considered "unreasonable" and is demonstrated to be dishonest, deceptive or fraudulent, a judgment may be obtained and punitive damages awarded as well as compensation for the actual loss under the policy.

However, insurance companies have the right to deny your claim if you haven't lived up to your end of the contract/policy, if your claim isn't covered by your policy or is fraudulent.

How to Dispute Insurance Claim Denial

If you still feel you are in the right after having reviewed your insurance policy, collect all of the correspondence you've had with your insurance company and other pertinent documentation. Write a letter and send it certified mail to the Director of Claims of the insurance carrier you deal with citing the pertinent points of the policy and demonstrating that their insurance claim denial of benefits is unreasonable. Also write the Commissioner of the Department of Insurance in your state and ask them for a review and assistance in the matter.

If that doesn't work, take your policy and documentation to a qualified insurance attorney. He or she should be able to determine after a review of the facts whether or not your insurance company has violated your rights of insured and committed bad faith.

How To Fight Back

When an insurer commits bad faith on a denied insurance claim, you have three options: 1) negotiate an acceptable settlement with the insurer, 2) do nothing and give up, or 3) sue the insurer. A vast majority of people unfortunately choose to do nothing and give up.

But often when an insurance attorney becomes involved, an insurer will take the claim much more seriously and try to correct its earlier bad faith direction in order to minimize the amount of the claim and any punitive damages. Typically, even when it is necessary to sue an insurer for bad faith, the case is often settled before the trial.

Why Do They Commit Bad Faith?

There is a good financial reason for insurance companies to unjustly deny claims. Because very few policy holders dispute an insurance claim denial, insurers save a lot of money.

Here's how it works: Let's say that an insurer denies 100 claims. Of these 100 claims, 95 go unchallenged and disappear while five policy holders decide to dispute their insurance claim denial.

Of these five, the insurer reverses its denied insurance claim decision on four of the claims. But it continues to refuse coverage on the fifth claim.

The fifth claimant then files a lawsuit for bad faith and is awarded punitive damages against the insurer. Even if this claimant gets millions of dollars, the insurance company still saved millions by not having paid the other 95 denied insurance claims that were not disputed.

And that, in short, is why they do it and how they get away with it.

The Auto Claims Guide goes into greater detail on bad faith claims handling practices. You will learn what defines bad faith, read a case study of bad faith handling, and learn what your rights are if you believe your claim has been handled improperly by the insurance company.