Washington, DC, United States (KaiserHealth) – Legendary crooner Pat Boone, the national spokesman for 60 Plus Association, a self-described conservative seniors group, announced in early May that GOP congressional candidate Jane Corwin had won the group’s “Honorary Guardian of Seniors’ Rights” award. She could be counted on, he said, “to protect Social Security and Medicare while also working to reduce the federal budget deficit.”

Corwin, who was running for an open House seat in western New York, received the award at a recent campaign appearance at a nursing home with Jim Martin, the chairman of 60 Plus.

​ But if 60 Plus’ goal was to inoculate Corwin from attacks on the Medicare issue, the effort failed badly. Corwin was beaten soundly by Democratic opponent Kathy Hochul, partly because of voter fears about House Budget Committee Chairman Paul Ryan’s proposal to sharply transform Medicare. That raises questions about whether 60 Plus, a’-year-old organization that over the last year has become increasingly active in pushing Republican candidates and causes, will be effective in next year’s elections. The Alexandria, Va.- based group — which says it’s a nonpartisan advocate for “free enterprise, less government, less taxes” and an alternative to the AARP – staunchly backs the Ryan plan. The proposal, said Martin in an e-mail, is a first step “to save Medicare for future retirees because clearly the status quo is leading Medicare down the road to ruin, not the path to prosperity.”He says 60 Plus didn’t fail in the case of Corwin. “Our efforts worked, but it was too little too late,” he wrote. “The candidate herself admitted that the charge that she was wrecking Medicare went unanswered too long.”For years, 60 Plus played a low-key role in elections, but that changed last year, when the group spent $7 million on ads to help Republicans in tossup races, according to Federal Election Commission records. The ads denounced Democrats for backing $500 billion in Medicare cuts over 10 years in the health care law and portrayed Republicans as the protectors of seniors. Almost all the Republican candidates won. The group reportedly spent another $800,000 in April in a series of “thank you” broadcast ads for 39 Republicans who voted for the Ryan proposal. Television host Pat Boone is presented the ‘Lifetime Achievement Award’ by Jim Martin of the 60 Plus Association, at CPAC 2011 in Washington, D.C., in February. (Photo by Gage Skidmore via Flickr)But the controversy surrounding the Ryan plan could complicate 60 Plus’ efforts to promote GOP candidates and provide cover to House Republicans who voted for the proposal. Democratic pollster Celinda Lake, president of Lake Research Partners, says the group could have a harder time selling a positive message about Ryan than it did attacking the health law. “It’s always easier to tear something down than to build something up,” she said. “Now the tables are turned. We get to say, ‘Don’t be fooled. This is what it really does.’”For next year’s elections, Republicans are hoping to consolidate and expand their gains with seniors, always one of the most important voting blocs. In the 2010 election, people over 60 voted Republican by the largest margin since the early’80s, according to Robert Blendon, professor of health policy and political analysis at Harvard. Exit polls showed that seniors favored Republicans by 21 percentage points, Lake said. The fight leading up to 2012 will focus intensively on the Ryan plan, which would raise the eligibility age of Medicare to 67 and convert it from a traditional fee-for-service system, under which most seniors get health care, to one in which seniors get a set amount of money to buy private health insurance. Polls show that the public, including seniors, generally oppose cutting the growth of spending on Medicare payments to balance the budget. The changes wouldn’t apply to those now 55 and older, but everyone else would pay more once they become eligible, according to the Congressional Budget Office. Ryan would also keep the $500 billion in Medicare savings that were included in the health law, a point that Democrats have seized on to argue that Republicans and 60 Plus are hypocritical for criticizing the cuts in the health care law. Since the House passed Ryan’s budget, the GOP’s lead with grey America has narrowed to 10 percentage points. “60 Plus will be a pretty big player in helping to defend Republican freshmen,” said Doug Thornell, a Democratic strategist and former spokesman for the Democratic Congressional Campaign Committee. “Republicans are realizing their vote to end Medicare as we know it will be very problematic for the party so they will have to figure out how to defend it and GOP strategists will dispatch 60 Plus to do a lot of their dirty work.”Republicans say 60 Plus, launched with help from direct-mail veteran Richard Viguerie, is a welcome political ally that will continue to come up with effective ways to push its agenda. Martin, they say, has proved himself to be a savvy public-relations operative. “Jim Martin would give away awards to members of Congress [and then the] member of Congress would say he was endorsed by a major seniors association,” said Rob Hartwell, president of the lobbying firm Hartwell Capitol Consulting and a former consultant to 60 Plus. The group has only two lobbyists, rarely testifies at hearings and isn’t a key source of policy advice, say congressional staffers. Still, aides say, 60 Plus is adept at getting attention at town hall meetings, sending letters and making phone calls on issues key to seniors. “They’ve always been good at turning folks out for press conferences and things like that,” said Kyle Downey, spokesman for the Senate Republican Policy Committee. The organization is also helpful in disseminating Republican messages, the staffers say. The April ads that thanked House members for voting for the Ryan budget praised them for backing a plan that “protects and preserves Medicare for years to come.” A radio ad that ran on behalf of Arizona Republican Rep. Paul Gosar, for example, said, “Elected officials actually did what they promised they would.”The source of 60 Plus’s recent largesse is unclear. Martin told Kaiser Health News that his group has 300,000 “voluntary” members, none of whom pay dues. The group has been in the red most years since 2003, according to Internal Revenue Service documents. In mid-2009, 60 Plus reported that its assets were a negative $713,271 on revenue of $1.82 million. The group’s big increase in campaign spending last fall came in the wake of a January 2010 Supreme Court decision that held corporations and unions could anonymously spend unlimited amounts of money on elections. Martin said that his group gets donations from corporations and individuals but declined to name them. Blendon worries about anonymous contributions which, he said, allows companies that want to elect a candidate “to go to a broker of sorts, who directs money to groups like 60 Plus.” He added, “It is possible that contributions to groups are unrelated to the group’s mission. The only connection could be that the organization wants to elect members of the same party as does the donor.”Rep. Ron Kind, D-Wis., who survived 60 Plus attacks in the 2010 election, suspects that the group’s effort was part of a coordinated strategy to ensure a stream of negative ads. “It had to have been coordinated,” he said. “One ad buy from one group ended, and another picked up immediately. I wouldn’t be surprised if the Koch brothers were financing 60 Plus.”Martin joined Americans for Prosperity, a conservative think tank founded by David Koch, the CEO of oil and gas conglomerate Koch Industries, for several events in 2010. A Koch spokesperson didn’t return a request for comment. In the end, Lake said, 60 Plus’ influence will depend on how much money it spends next year and whether it encourages others to spend on similar issues. In 2010, she said the group’s $7 million in spending was part of a much bigger drive by several organizations – that spent a combined total of $55 million – to attack the health law’s Medicare provisions.

– Provided by Kaiser Health News.

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Learning the basics of Foreign Exchange Trading could be as easy as learning A-B-C. To start with, the Foreign Exchange Market is the place where currencies are being bought and sold.

The Forex Market is different from the Stock Exchange Market because in here it is the currencies that are being traded, while in the Stock Market it is the bond or stocks. The size of the Forex Market also differs from the Stock Exchange Market because the Forex Market is by far the largest market in the world with its trades amounting to billions of dollars each day. Also, rules are not that strict in the Foreign Exchange Market, you can trade as much as you like. Compared to the Stock Exchange Market where you are constantly regulated by law to prevent one person or company to monopolize the stocks in the market.

Anyone could trade in the Forex Market since the market is available anywhere in the world, with the largest central marketplace located in the main cities of the world like New York, London and Tokyo. The Foreign Exchange Market is also available online. You could download a Forex Platform in websites made by brokers and could start trading there. So, there is almost nothing that could stop anyone from participating in foreign currency trading.

Here are some of the common terms you would likely encounter when trading in the Foreign Exchange Market:

1. RATE- the current price of a currency.
2. SELL PRICE- the amount in which traders could sell their currency.
3. BUY PRICE- the amount in which traders could buy a certain currency.

Further down the road of your trading career, you will encounter more complicated terms or jargons about the Foreign Exchange Market. Words like Cable, Greenback, Swissie, Aussie, Kiwi, Loonie, Figure and Yard. Don’t worry; you will surely learn this and a lot of other terms eventually.

With this basic knowledge at-hand now, you can start to gather some in-depth information about how to trade in the Foreign Exchange Market. One way of learning is to enroll in a Forex Trading Course. These are tutorials on how to be a successful trader. Reputable traders share their knowledge and experiences through this courses so you better go for those traders who are highly known for their good and successful trades.

Another option to learn is to buy and read Forex books. You could buy this in bookstores or you could either download one from the internet. Be sure to ask some help in choosing Forex Books. Look in the internet for Forex books that other traders suggest. Just make sure that the author is well respected and the book will serve its purpose to you, not to someone else.

Now, with all these information with you, you can start trading like a seasoned trader in the Forex Market. Remember to start with low trades first before you go all out. So you can be sure that you’ll end in good trades with high profits.

It’s said that 85% of Forex traders are losing their money in the first three months of their trading, I think in some market cases it exceeds this ratio and may hits 95%, most of people say this loss is a result of trading while having no strong knowledge about Forex market, I don’t agree this all the way.
For me I think the most important reason is trading style including strategy, money management and risk management, another important reason is crowding up your mind with a lot of technical and fundamental tools and trying to apply all of them at once.
Theoretically all analysis methods “wither it’s technical or fundamental” are correct ways because they are only measuring tools, they differs in the accuracy of their results and this varies from time to time, they just give you inputs and you are responsible of applying these inputs that’s why I don’t mind which indicator you are using, just try not to crowd your mind with a lot of them.
To move yourself into the successful 15% you don’t need to know a lot in analysis field, you don’t need to have a big capital too. I wouldn’t encourage you to be calm, concentrate, look at your charts and go the way they tell you and such advices. We’ll be instead discussing the actual steps that you can take in order to get yourself out of loss and list your name in the 15% successful traders list. The best resource for FOREX  trading is MoneyTec MoneyTec,   – Active Traders Community Forum, Chat. MoneyTec is an online trading community that promotes mature, intelligent & respectful discussion in a positive & safe environment for everyone.
My strategy depends on simplicity as it just includes 2 indicators for the technical part of it. Let’s see how would it work:
a)    Money Management:
1.    First of all count your capital well and I mean by this the money you can afford to lose “this is rule no. 1 in investment as this will remove stress from you”.
2.    Decide your monthly return average expectation from this money : This will make you able to count the average weekly and daily return “Weekly and Daily Target”.
3.    Decide what will you do with your profits in case you achieve your targets, how much will you get out from it and how much will you re-invest : This will be enough to have a steady and stable trading strategy.
4.    Most important point, limit your trade size, this shouldn’t exceed 5% of your balance if you want to survive in this market.
These are all what we need from money management right now, it’s a huge subject to be involved in.
b)    Risk Management :
1.    Limit your loss : The whole money you can afford to loss from your investment budget.
2.    According to your daily and weekly target, you could limit your daily and weekly loss, so if it touch that limit you stop trading till the other period of time, risking of $1 per $3 expected profit is good while 1: 2 still accepted.
3.    Keep in mind that “If you lost a day, it means you lost that day’s profit of the total month’s profit” don’t try and squeeze yourself the day after to get a double profit, otherwise you will be spoiling your trading system.
c)    Technical Trading System :
This trading system is a common old system traders were used to use it randomly, we will be using it in a more modern way, it contains of :
1.    2 Exponential Moving Average (EMA) of values 7 – 15 .
2.    Relative Strength Index (RSI) as a confirmation tool.
Well, now as we have everything setup, it isn’t so hard to understand that system, the usual way was used by traders is : “once EMA-7 cross EMA-15 you go with it, so if it cross to up, you buy, otherwise you are selling”, this is completely true but you need to confirm this signal by another tool like “RSI”, once you get Moving Averages signal you check your RSI line direction and value, if it’s positive you can start trading, if not you should ignore till you get a positive signal that everything is fine, your stop loss would be if the EMA-15 returns to cross EMA-7 and your stop loss would be 20% of your daily affordable loss that you decided before, so you have a chance to trade for 5 times per day if you lost all trades.
Keep in mind that you shouldn’t put all trade size limit “which you decide before while setting up your money management section” in just one trade, you may need to support your trade later or add more fund to it.
Last thing to be said is the classical advice “Don’t be greedy and don’t feel panic”, this is the best feature we have in Forex, take profit and stop loss points.

Product Description
troduction
1. Understand The Truth
2. Plan Your Trades, Then Trade Your Plan
3. If You Don’t Spend Much, You Can’t Lose Much
4. Don’t Think Money, Think Points
5. What The Mind Can Conceive…
6. Be Your Own Boss
7. Mind Your Language
8. Less Is Definitely More
9. GetALife
10. The Essential Real-Time Trading Tool
What’s Next?

Introduction

Take two traders.
Give them the same starting capital, the same trading pla… More >>

Trading In Mind

CFD Trading is a new way of trading that offers investors a great deal of leverage and flexibility. It provides you an opportunity to make huge profits in less time. Dealing in CFD is considered safer than normal share dealing as it gives you the freedom to place your trades anytime and close your position when you want. Even after so much of flexibility and leverage, most people find it too risky to invest in CFDs. CFDs are an excellent source to make quick money by putting extremely less efforts. Still, most novice players suffer from losses when trading in CFDs due to the lack of proper knowledge and patience.

Even the experienced players sometimes bear huge losses as they fail to make a right decision. This is where CFD trading strategy comes into play. In order to maximize your profits and minimize your losses, you need to make effective strategies. Here are some points that should be kept in mind while dealing in CFDs: * Lack of knowledge and proper understanding is the biggest obstacle. Investors need to develop a good understanding of the subject before actually jumping into it. The market is highly volatile; and to succeed, it needs thorough basic knowledge of the subject as well as current market trends. * It is recommended to invest small amounts if you are a beginner. Before investing a huge sum, you should have more practical knowledge. * Tracking your performance and profit-loss ratio from time to time is a good idea. It helps you know if you’re ready to invest a huge amount or not.

In addition to it, it helps you analyze your trading style, mindset, and ability to take risk. * Understand the tricks of the trade and research the market thoroughly to play till long. * Pairs trading is said to be a tried and trusted method of CFD trading as it involves low risk and high-probability gains. You can sell the older stock and buy a new one for future, simultaneously. This gives you a chance to adjust your risk. * It is better to trade more that one financial instrument. Different financial instruments help you adjust your risk of meeting losses. * Deal in CFDs only if you can spend a great deal of time as these are not suitable for buy and forget situations. You have to deal in them everyday. * Keep an eye on the current market trends. It is not advisable to buy a financial instrument at sky-high prices. It may result into huge losses when market crashes down. * If you’re a risk-averter, you can choose CFD day trading to protect yourself from overnight risk of stocks. * Decision making can be very critical at every stage. Don’t make hasty decisions as it may land you in a bigger trouble.

You may lose all your money. Think, research, and analyze, and then make a move. Buying and selling CFD may seem very simple and easy. It is recommended not to jump into it right away. Look at your finances and analyze if you’ll be able to bear the loss if you face any. As said earlier, one has to develop a strong basic understanding of the subject and be very cautious at the same time.

Despite a lot of new trading strategies that have been invented in the forex trading world, swing trading is still have many users that implement it on regular basis to gain steady winning trades day after day; but apparently, this strategy is less popular among novice traders who aim for quick profits.

By definition, swing trading is buying or selling currencies near the end of an up or down price swing that caused by price volatility for a period. This position can last for a couple of days or just one day; depend on the market movement and the targeted profits.

With this method, there are a few important things to consider:
1. Support and Resistance
Don’t depend just on one chart to decide support and resistance level, instead, check a few different charts to make sure that you’ve had it right.

2. Using the Data
Even between swing traders, there are many methods used to define entry and exit point; these are some of them:

• Wait for the currency to turn away from support or resistance, define it as price momentum, and execute the trade.
• Identify a certain pivot point in the chart, mark it as “pivot line”, then if the price manage to break the line, execute buy/sell based on whether it is an uptrend or downtrend.
• Using Fibonacci extension tool or just look for nearby pivot point to look exit point from the market.

3. Indicators and their Functions

• Stochastic and RSI (Relative Strength Index) to identify momentum.
• Fibonacci, pivot points, and fractal measurements to identify entry point.
• MACD (Moving Average Converge Divergence) as additional tool for confirmation.

4. Taking Profit
How much profit to aim should be adjusted with the current market condition. If the market is trending or volatile, you need to get in, grab as much as you can get (within safe period), and get out quickly. This is important since as the market keeps moving, there is high chance that you’ll get a reversal.

On the other hand, if you’re executing your trade when the market is not really going anywhere, you can aim for longer term swing trade, such as 3-4 days. With this strategy, you can expect higher profit; just remember to put your stop loss and take profit accordingly.

Many novice traders choose short term strategies because they want easy and fast profits, but here’s the hard fact: it is really difficult to make numerous small trades and keep maintain good winning rate. Instead, if you’re just started trading forex, you should go with swing trading since it offer simple analysis and relatively safe way to earn steady profits.

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Learn more about a simple course that utilize swing trading method to aim huge profits in Forex Wealth Builder review. Claim your free forex 6 days trading lessons at forex trading course.

Washington, DC, United States (AHN) – Kanye West’s infamous “George Bush doesn’t care about black people” rant disgusted the very same person he referred to. Former president George W. Bush said it was one of his “most disgusting” moments in his term as the country’s leader.

In an interview with Matt Lauer, Bush said he didn’t appreciate the hip-hop superstar calling him a racist during a segment for the Hurricane Katrina relief benefit concert in 2005.

He told the host on his “Matt Lauer Reports” special on NBC, via EW.com, “He called me a racist. And I didn’t appreciate it then. I don’t appreciate it now. It’s one thing to say, ‘I don’t appreciate the way he’s handled his business. It’s another thing to say, ‘This man’s a racist.” I resent it, it’s not true.”

Lauer also quoted lines from Bush’s new book “Decision Points,” which read: “Five years later I can barely write those words without feeling disgust. You go on: ‘ I faced a lot of criticism as president. I didn’t like hearing people claim that I lied about Iraq’s weapons of mass destruction or cut taxes to benefit the rich. But the suggestion that I was racist because of the response to Katrina represented an all-time low.’”

Bush admitted that that was the worst moment of his presidency.

Lauer pointed out that people might give him heat for mentioning that particular moment in the book, but Bush replied, “Don’t care.”

He said that while the devastating situation in Louisiana affected him deeply, Kanye’s words were different because it was a “disgusting moment, pure and simple.”

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Los Angeles, CA, United States (AHN) – Los Angeles Dodgers manager Joe Torre has reportedly decided to step down from his post after the season, the team reported in a statement Friday.

A press conference is scheduled for 5p PT, and former Yankee great/Dodgers bench coach Don Mattingly will be named his replacement.

“It has been an incredible honor to wear the Dodger uniform and I will always carry with me some very special memories from the past three seasons,” Torre said in the Dodgers’ statement. “This was not a decision I took lightly but I believe it’s the right one for myself and my family and I’m truly thrilled that Donnie will be the one leading the Dodgers. It’s time that the Dodgers had a new voice and I have the utmost confidence in him. I know he’s ready for the challenge.”

Torre was ready to take over the Dodgers after falling out of favor in New York for the Yankees poor postseason showings in his latter years as skipper.

He enjoyed a remarkable run in New York, however, leading the Yankees to World Series titles in four of his first five years there.

Torre was unable to replicate his success in Hollywood, as the Dodgers won a pair of NL West titles but were knocked off by the Phillies twice in the NLCS.

This season, the team is in disarray due to mediocre play and the McCourt’s ownership/divorce drama being played out in court and in public.

Torre, 70, has reportedly been offered a position with the club, but is unlikely to accept to keep his options open and perhaps manage again.

Dodgers GM Ned Colletti had praise for both Torre and Mattingly in the team statement.

Ned Colletti said this of Mattingly and Torre:

“Over the past three years, I’ve had the opportunity to work with Don closely and have gotten to know him both personally and professionally and I’m convinced that he’s the right person to lead the Dodgers. His work ethic is unparalleled, his baseball knowledge is vast and his leadership skills have been established during more than three decades in professional baseball.

“Donnie has also learned alongside the best in the business. Joe Torre has been a great friend, a strong leader and an incredible presence for this organization and I cannot thank him enough for his service to the Dodgers. I respect his decision to step aside and I look forward to the day where I can watch him take his rightful place in Cooperstown among baseball’s legends.”

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Why are support and resistance levels crucial when participating in the Forex day trading market?

Simply put, they represent key, strategic price points at which traders processed orders involving millions or even billions of dollars. No wonder price at times has a hard time getting past a previous high or low. Those levels are being fiercely defended by traders who have large amounts of money at stake and who do not want to see price break those levels.

For this reason anyone who engages in Forex day trading should learn how to trade support and resistance. The following checklist provides crucial guidelines:

1. Support and resistance levels are much more significant on the higher time frames. Pay particular attention to price highs and lows on the daily chart as this time frame is commonly used by big traders.

2. A price high or low has more significance when it has a number of candles either side of it which are lower (in the case of a price high) or higher (in the case of a price low).

3. Before you consider Forex day trading at a support or resistance level, see if there are more factors that would indicate this is a key price level.

For example, does a trendline intersect at the same point? Does the support or resistance line match up with a Fibonacci level, either a retracement or an extension? Does the support or resistance level coincide with a pivot point if you are in the practice (and it’s a wise one) of calculating pivot levels when Forex day trading?

4. Has a key support resistance level been broken? Then look to see if price will come back to test that level. Remember, resistance once broken can become support in the future and support once broken can become resistance in the future.

These Forex day trading scenarios can present excellent trading opportunities as you put an entry order in at the key level and wait for price to come back and pull you in. Within a short time your dealing spread is covered and you are in profit.

5. The market spends most of its time in trading ranges or consolidation channels. You need to accept that this is a characteristic of Forex day trading and adjust your mindset accordingly. Identify the high and low of the trading channel and manage your trades accordingly.

6. After identifying a trading channel or range and you see a trading opportunity, set your entry level at the base of the channel if you are going long or at the top of the channel if you are going short.

Don’t chase after price once it breaks out of the channel (although many who engage in Forex day trading do so). You will not get the optimal entry point. Waiting for price to take you in either at the top or bottom of the channel means you can have a smaller stop and your price target is closer.

7. Pay particular attention to the previous day’s high and low. Price will often hesitate and retrace at these levels. If you are a Forex day trading scalper, you can often grab a nice pull back of 10 pips or more at these strategic levels.

Note: Although there are various ways to calculate the previous 24 hour period depending on where you live, using GMT as a standard is often beneficial. Midnight GMT is a time when the market is generally very quiet and unlikely to make new highs or lows.

Succeed Or Fail?

It is unlikely you will succeed at Forex day trading if you fail to understand or take into consideration support and resistance. This indicator is that crucial! Yes there may be fancy indicators out there with all the bells and whistles, but this simple indicator, marking where price reached a high or low during previous trading sessions, can be one of the most powerful and effective Forex day trading tools available.

Be sure you spend sufficient time studying it, examining your charts, marking off the key levels each time you begin a new Forex day trading session.

Article written by Michael A. Jones

Having been a forex trader for 25 years it amuses me when I see writers defend day trading. They say it really can make money! – Of course they have no track record to back it up just empty words. Fact is you are guaranteed to lose in day trading for one simple reason:

All Movements in Short Time Frames Are Random

Trillions of dollars trade hands each day and million of trader’s trade, all with different objectives and opinions and to say that you can predict what they do in a few hours or a day, is ridiculous. You can’t.

Volatility takes prices anywhere in a day and support and resistance levels are meaningless, so you would have the same success rate flipping a coin.

It’s absolutely impossible to get the odds on your side – PERIOD

This is of course why you NEVER see any of the vendors selling these systems give you a real time track record – Why?

Because they don’t dare trade it!

They would rather write some enticing copy and appeal to the greed and naivety of traders and make their money selling you the system – they win you lose – period.

But I have seen a track record you may say and yes will have, but it’s NOT real.

If you check the disclaimer on it you will see there all hypothetical!

What does that mean?

It means done in hindsight knowing the closing prices!

Now who can’t do that it’s not exactly hard.

If we all knew tomorrows price today we would all be millionaires but we don’t – and neither do we know what will happen tomorrow, so there not worth the paper their written on.

Day trading is a good story but the logic doesn’t add up and the biggest lie about day trading is you can make money at it longer term.

If you could you would see a track record or the vendor would shut up and trade it himself and not need your few hundred dollars.

If you want to win

Appreciate that trading is an odds game and to trade the odds you need to trade over longer periods ,where the data is valid and you can have a chance of getting the odds on your side.

Finally

Don’t day trade, get real and trade with the odds on your side.