Category Archives: General Articles

Stop Losses and Stop Wins – How Can They Help?

Spread trading can be incredibly profitable and the possibilities to make vast amounts of money with correct trade management allow many traders to dramatically improve their lifestyles. The numbers of markets available through any single spread betting platform mean that there are literally thousands of possible trade set-ups each day. Whatever strategy you employ to spot profitable trading opportunities, one of the keys to becoming consistently profitable is the ability to apply stop losses and stop wins effectively with each trade.

So What Are They?

Stop losses can, and should, be applied to every trade that you open. They work by providing a safety net, or maximum loss level, in the opposite direction of your trade should things not work out as anticipated. Stop losses are simply opposing trades to the position that you take and can be calculated in different ways; including analysis of how much you can afford to lose on each trade and also where significant levels of support and resistance exist in the market. Stop losses should be placed close enough to the opening price to limit losses to their absolute minimum whilst not suffocating the trade and stopping it out to early.

Essential Items for Your Budget

Stop losses are essential for correct money management and to allow your account to grow consistently. Most successful spread betters follow strict rules for entering and exiting positions based on their money management techniques. One of the best and most widely used of these is the golden 2% rule; not risking more than 2% of your trading account on any single trade. This sounds very small but it will make sure that your account never gets hit with a single loss which will prevent you placing any further bets. This kind of financial control would mean that your stop loss is placed to risk no more than the 2% value of your account.

What About Stop Wins?

Alongside stop losses traders can also use stop wins to make sure that they close their positions profitably. Every trader knows the feeling of holding on to a winning position for too long, becoming greedy and expecting it to keep rising only for it to close out at break even or at a loss. Stop losses can be used with stop wins here to both protect profits (for example by moving the stop loss as the trade becomes profitable) and also by pinpointing a position in the market where a profitable trade will close out automatically. Stop wins are essentially the same as stop losses but instead of limiting losses they lock in profits.

About author: This article has been written by Tristan from www.spread.co.uk and he is interested in how you can minimise losses and secure your profits with spread betting.

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Top Four Renting Tips for the First-Time Renter

First-Time Renting Tips

Renting an apartment for the first time is an exciting experience as this transition typically ushers in a new life of independence, responsibility and true adulthood. Whether a renter is just moving out of his parents’ house or he has never rented before, first time renters should follow several tips to ensure the end result is a happy and warm home.

Rental Tip #1 – Be Financially Ready

First time renters may not be aware that the first month of living in an apartment is by far the most expensive. Along with the standard rent, a typical apartment requires the following: first month’s rent, last month’s rent and a security deposit. This means, a $600 apartment would require $1,200 plus the security deposit before he can move in. When searching for an apartment, make sure to call the landlord to determine the financial requirements of signing the lease.

Rental Tip #2 – Stay Within Budget

Although the market price for apartments vary according to the city and neighborhood, it is important to never sign a lease that is more than 1/3 of total gross income. This means if a renter makes $3,000 per month he should never pay more than $1,000 per month on rent. It is important to also take into account monthly utilities. Ask the landlord what utilities, if any, are covered in rent and what the average utilities are for summer, fall, winter and spring months. Take note, living in a gas-heated apartment is typically more expensive than an all-electric apartment. Do not make the mistake of signing a lease that consumes most of a monthly budget.

Rental Tip #3 – Complex or Private Property?

Renters have their choice of living in an apartment complex or renting directly from a private landlord. Each living space has benefits and drawbacks; however, first time renters may not be aware of these differences. One of the primary benefits of living in a complex is the property is managed by professionals who strive to ensure all repairs are done promptly and residents experience a safe and comfortable living environment. Complexes also offer amenities such as fitness centers, swimming pools and business centers. However, complex apartment floorplans typically follow similar patterns, which result in a cookie-cutter appearance especially among the more cost-effective apartments.

Private properties such as single family homes, duplexes or basement apartments typically do not offer complex-type amenities like fitness centers, swimming pools or a dedicated repair staff; however, these apartments may provide a more unique floorplan highlighted by character and charm.

First time renters should look at a variety of apartment types including complex and private property units to determine what type fits his needs best.

Rental Tip #4 – Understanding Lease Agreements

Whether a renter finds a complex apartment or a private property, he will be required to sign a lease agreement. First time renters should have the lease agreement fully explained by the property manager or landlord, and he should ask as many questions as necessary. Fully understanding the lease agreement is the tenants’ responsibility, and the agreement should never be signed until the renter understands each clause within the lease.

Visit the California Apartments Blog to get more apartment living and renting tips as well as new apartment reviews including these luxury San Diego apartment listings and these Fullerton, CA apartments for rent.

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