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Chart patterns are specific price-action patterns in stock prices that have repeated themselves for decades, giving prudent traders many profitable trading opportunities. However, there are many chart patterns that are unreliable and not profitable. In this article we will cover the 3 highest win rate patterns that almost guarantee long-term profitability and gains.

Pattern #1: Head & Shoulders
The Head & Shoulders is one of the most reliable chart patterns, having accuracy of almost 90% and generating profits for decades. The head & shoulders is a reversal pattern, that indicates a shift in trend and beginning of a reversal.

We will usually trade this pattern when the neckline is broken, and will join the trade right at the breakout. However, for even more accurate entry it is recommended to wait for price to pull back to the neckline, and begin the new trend. The pullback entry is even more accurate than the breakout one, reaching around 95% accuracy. This is a chart pattern you must trade and master.

Pattern #2: Double Top
The Double Top is another pattern which you must trade, as it provides very good win rate (around 76% winning trades) and very consistent profits in many stocks and Forex pairs.

The Double Top is created when price tries to break a resistance level twice and is unable to, creating a shape resembling the letter ‘M’. Eventually price breaks the neckline downwards, which is the sell signal for chart traders. We will also enter a short trade if price pulls back to the broken neckline from below.

Pattern #3: The Channel
The Channel is one of the most accurate chart patterns that appears in almost any Stock or index, and are the foundation of trends. The Channel consists of two parallel trend lines in a certain direction – it can be either ascending or descending.

The Channel symbolizes a healthy trend in which price moves forward in a certain rythem. We can trade the channel in several methods: The first one is to take trades on the trend lines themselves (make sure to enter only with the direction of the trend and not against it).

Another trading method that is particularly powerful with channels is to enter after it is broken: entering short when an ascending channel is broken and entering long when a descending channel is broken. For extra accuracy we recommend not to enter the breakout itself but wait for the pullback.

Conclusion
Chart patterns are a very reliable and consistent way of trading, and if you focus just on the 3 patterns mentioned above, you will generate stable profits from any market you trade. Choose one pattern at a time, learn to identify it on historical charts and then proceed to master it in real trading.

In today’s world, people cannot do without using credit cards. The payment for almost every item that we buy and every service that we use can be made using credit cards. People often use their card to purchase thing which are out of their budget, thinking that they will pay off the card balance in due course. However, such kinds of plans often do not materialize as people often face tough financial situations. In the current economic scenario, many people do not earn enough money to sustain their livings and make credit card payments at the same time. Thus, their debt increases and they often look for effective ways through which they can obtain credit card debt relief.

Getting relief from credit card debt is certainly not an easy task and people need to try their best and consolidate their credit card bills, and pay them off as soon as possible. The best thing to do is to opt for credit card bill consolidation loans which are offered by different financial institutions (lenders). These loans can assist people in effectively clearing their credit card debt in a short span of time. Such loans are offered by most financial institutions and the applicants do not need to own a house or provide any sort of collateral to get these loans.

These loans can be unsecured against the payment of a high rate of interest and no collateral needs to be produced. Some people might think as to why they should opt for a loan with high interest rate for paying off their credit card debt. The reason is that, the interest rate charged for debt consolidation loans (even unsecured loans) is way lower than the interest rates charged on the credit cards. Hence, people can avail of these loans and pay off their credit card dues.

Reaching a settlement agreement is another way through which people can get relief from their credit card debts. There are many professional agencies or companies which can be hired to act as a 3rd party mediator between the borrowers and the banks. These companies will not only help in the settlement process but they can also help the borrowers in applying for loans for debt consolidation. They charge a nominal amount of fee for their services and can assist the borrowers in many ways, in order to help them in getting relief from debt.

In order to achieve credit card debt relief, people will need to make a conscious effort and try their best to pay off the credit card dues in time. They can benefit a lot from hiring the services of these professional agencies which have a lot of experience in this field, have dealt with many such cases, and are aware of all the legal ways through which people can consolidate their debt, make regular payments and improve their credit history. Before choosing any such agency, it is important to do a thorough check about their credibility to make sure that they are genuine.

Debt is a widespread problem today which is affecting businesses and individuals alike. When a person or organisation is in the mire of insolvency escape can seem impossible, but there are ways out, including individual voluntary arrangements or IVA.

Troubled times

It doesn’t take a financial wizard to see that the economies of numerous countries are struggling at the moment. The UK, the US and many European countries are in dire straits and this economic difficulty is filtering through societies, affecting many people inhabiting these nations. In such troubled times it is easy to fall into debt or greater debt, but thankfully there are ways to get back to solvency.

Potential ways to escape debt

There are a number of options open to people struggling with debt. At the most dramatic end of the scale there is bankruptcy, which will wipe out debts but also mean that someone can’t borrow money for years afterwards. Another option that dramatically reduces debt without the future limitations of bankruptcy is an IVA.

IVAs – what you need to know

An IVA is a formal repayment proposal to creditors, with which a debtor attempts to agree to repay reduced sums. A creditor is likely to agree to an IVA as they will often receive more money back than if the debtor becomes bankrupt.

IVAs were initially designed to provide relief to businesses that fall into spiralling debt, but as consumer debt is increasing today more and more individuals are proposing IVAs. There are subsequently a large number of firms offering IVA services, but it pays to do some research here to find the most suitable company on the market.

One of the things that people find little success with is budgeting. No matter how hard they try, the ability to make both ends meet seems to be elusive for most people. The sight of fashionable clothes, the latest gadgets, vacation in the island is simply too tempting to pass up. Finding it hard to budget your expenses? Here are some tips on how you can master the art of making both ends meet.

Before learning how to budget, try to determine the reasons for not being able to meet your budget. There are plenty of reasons for such failure. For one, you might not have prioritized your expenses. Come up with a list and then sort them from the most important to the least important. Likewise, determine which is discretionary expenses. These are items that you usually buy but can afford to live without.

Food and shelter should be on the top of your list. These are basic needs that support your survival. The next most important are the utilities such as water and electricity. A car loan is discretionary expenses because it is part of your budget but you can live without it. Unnecessary expenses should be at the bottom of your list.

After you have listed down your priorities, classify them into monthly and weekly expenses. While learning how to budget, you will come to the realization that your expenses will be greater than your income. Deduct the expenses from the income and you will come up with your potential savings for the month.

To cut down on your expenses, you need to take away your bad habits. If you have a vice such as smoking or drinking, it could also affect your budget plan. Reduce your intake of alcohol or cigarettes and you will see your expenses come down. Doing this will also have some beneficial effects on your health.

There are many ways you can cut down on your expenses. For example, rather than buy coffee from Starbucks, buy a coffee maker or travel mug and make your own coffee instead. If you are living in an expensive apartment, consider moving to a smaller unit. If you are going to a location just a few blocks away from your house, why don’t you walk instead? You will not only reduce your gasoline expenses but also get some form of exercise.

For credit card bills, always contact the credit card company if you will be unable to pay your bills on time. Explain to them your current situation. I am sure they will be able to help you out in coming up with a more affordable payment plan.

Personal budgeting entails supplementing your income and reducing expenses. This way, you will be able to better manage your personal finances. However, if your financial problem is already overwhelming and budgeting is no longer working, it is best to seek professional help.

Perhaps the best advice for learning how to budget is to live within your means. If you cannot afford to have an LCD or plasma television, a standard cable television will suffice. Bear in mind that success will not come in a blink of an eye. You need to work hard until you are able to master the art of budgeting.

When it comes to finances many people bury their head in the sand and spend up to, or over their means every month without considering the future. If people are happy with their lot and lifestyle then this is not necessarily a bad thing – so long as debt is kept under control.

However, of course the majority of people have dreams and aspirations for which healthy finances are helpful or even vital. The average person could never save up for a house deposit, for example, without cutting down on outgoings and planning ways to conserve funds. Such a person would also need a good credit rating to secure a mortgage, which they may not have if they live on credit and are constantly in debt.

There are numerous benefits to having one’s finances in order. This reduces the stress and anxiety that go with unmanaged debt and therefore leads to a greater sense of ease and comfort. It is also good to know that some money is put aside in savings or investments, for a rainy day or perhaps to make a large purchase such as a property. With the advantages of financial planning in mind, here are 5 tips that are well worth considering:

1) Pay off credit cards

Credit cards carry high interest rates so if the balance is not paid off each month, they can incur considerable interest. Making minimum payments will barely touch the outstanding balance either, so credit cards should be paid off completely as soon as possible. Sometimes low interest loans are the best way to do this, but a banking manager should be able to suggest a suitable plan of action.

2) Reassess outgoings

An effective way of saving money is simply to cut outgoings. Many people are in a habit of spending more than they need to, so by reassessing what they spend each month they will most likely be able to find several areas where savings are possible. People should check direct debits and if they are not necessary or beneficial, stop them immediately.

3) Use an ISA

An ISA is a way to save up to £3000 in a tax free account and this benefits savers much more than a regular savings account. People should choose an ISA if they are saving and use their full ISA allowance to maximize its effectiveness.

4) Get a pension

This is certainly an area that many young people ignore, but this could be to their financial peril in the years to come. A pension is a vital form of financial planning and there are a variety of products available, offering facilities such as pension release and drawdown. Anyone wanting a comfortable retirement should ponder their future without a pension.

5) Make a will

Making a will is another area that people often ignore, perhaps unaware of the possible consequences of dying intestate. Making a will ensures that someone’s money and assets goes to the people they want it to, and stipulations can be included in a will if the donor wishes. A will is not a death wish, merely a shrewd financial precaution.