Thursday, October 18, 2012

A Short History of Pyromania


Clare is in tears. She has lost the farm where she grew up in the foothills of the Grampians. Not only that, but the farm next door went, too. Both were destroyed by the January bushfires in Victoria.
Michael is 19. Two years ago he left school, and he is still unemployed, still at home with his mum and his stepdad, who wants him out of the house. He is driving through the smoke back to the end of the road where the day before he had thrown a lit match onto a patch of dry grass and watched it go up and the flames speed away.
I am forty-odd and standing on the patio watching the smoke from the barbecue drifting towards the doors, and trying to keep my kids away. They want to be held over the plates to see the fire below. They love fire.
There is a special place in the Australian psyche for fire. Alongside an atavistic fear of an essential, elemental thing that cannot be predicted or easily controlled, there is also a kind of familiarity. The domestication of fire goes hand in hand with the wild conflagration; the inferno calls forth the barbecue.
Growing up anywhere in Australia in the ’60s and ’70s you could see the smoky haze of the weekly burn-off hanging over the streets. In every backyard of every suburb, red-eyed fathers stoked the flames with any bit of combustible garbage within reach. Were we out of our minds?
We had public incinerators, too. Finely and expensively constructed buildings of civic significance. Walter Burley Griffin designed a number of these around Australia in the 1930s. Bizarrely enough, one of his, in Sydney’s Willoughby, was destroyed by fire in 1996 before being restored. Another, in Moonee Ponds in Melbourne, is now the Incinerator Arts Complex, while one in Ipswich’s Queens Park has been turned into a theatre. (Visiting these one has to overcome the urge to “rush into a crowded fire and shout ‘Theatre!’” as the artist Laurie Anderson wrote.)
To be fair, the ’60s and ’70s were the years before recycling and knowledge about carbon dioxide emissions, when the incinerator was seemingly a labour-saving device like any other. But unlike toasters and washing machines, the labour it saved was an exclusively male preoccupation: burning was a man’s business, carried out with suitable solemnity every weekend.
I recall that parental instructions to dispose of rubbish beside the incinerator were as frequent as the admonition to stay away from it at other times. Ours was a sturdy besser-brick construction surrounded by piles of garden refuse and timber. I received a painful injury as a child when playing on this pile: an upturned nail embedded itself deep into my foot, and along with it the meaning of the admonition.
In the late ’70s most city councils banned the burn-off after advice from medical lobbies about the effect of poor air quality on people’s health. The smoke gradually cleared from the suburbs. But what happened to the rituals of the burn-off, and the desires of men to stand around a blazing fire in the open air?
Surely there’s no connection between everyday suburban-male pyromania and that of the deranged criminal fire-starters of the summer? Matthew Willis, a researcher with the Australian Institute of Criminology, has adapted an FBI criminal profile to that of the bushfire pyromaniac: a lone male, around nineteen, unemployed and unskilled, with inadequacy issues that are often a result of an unstable childhood. The cookie-cutter criminal profile. Technically, pyromania is a more specific problem: an ‘impulse control disorder’, as the fourth edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM-IV) says, but it is also a metaphor for a helpless attraction to fire.
Summer in Australia has always been the fire season. So the proximity of pristine bushland to so many suburban areas in Australia is both a blessing and a curse, as any firefighter will tell you. A childhood friend of mine would casually light fires while walking home from school through the bushland that surrounded it. One of his fires nearly took off, and only the efforts of a number of senior students saved the situation. My friend just laughed and ran off into the bush. I followed the trail of burning grass and bushes to the top of a waterfall, where he mercifully dropped the remaining matches in the water. I can still feel the relief I felt then. But I don’t remember questioning his motives. I felt I understood his need to light fires, and putting them out again seemed a perfectly natural sequence of events.
This is not a defence of pyromania, but a suggestion that fire is not an accidental element: it corresponds to a need within us. After all, fire, in the right hands, is an ecological tool, as indigenous Australians knew perfectly well. Virgil wrote, “Often too it is good to set fire to a sterile field and to deliver the light stubble to the crackling flame.” These words can equally be understood as an ecological moral or a hearty evocation of the pyromaniac’s craft.
In 2000 we welcomed another kind of pyromania to our towns and TV screens: the torch relay and opening ceremony of the 2000 Sydney Olympic Games. Not the first torch relay in games history – that honour belongs to the 1936 Berlin games – but surely the most exhaustive. The itinerary took the sacred flame from Mount Olympus right along the east coast of Australia into Homebush, and included a stretch underwater. A victory, orchestrated against nature, of one element over another.
But a healthy Prometheus complex isn’t the same as real pyromania. Olympic custodians of the flame don’t disseminate flames at random; they only hand it on to select persons. The pyromania I am defending is perhaps best exemplified by the torch relay for the 1956 Melbourne games. As it came through Sydney, a group of university students lit their own torch some blocks away from the town hall and sent one of their number to pass the flame to the lord mayor who, in the tumult, didn’t notice that anything was awry until the silver paint came off on his hands. Ron Clarke was still a couple of miles away. The students lit their own flame, as they always do, and then appropriated a major event and made it new, at least for them. Not custodians of the flame, but pyromaniacs.
I guess the real difference between them – as between the criminal arsonist and the bloke at the backyard barbecue – is that, as Matthew Willis says, “For the pyromaniac, the fire is not a means to an end but an end in itself.” Bear this in mind, men of Australia, and don’t burn the snags.
Writer... Edward Scheer

Saturday, July 7, 2012

TRADING IS THE WAY TO GO

FACT to me is that if an individual was unable to form a living trading shares, indices, commodity futures , etc, there's very {little} indication that changing to FOREX can amendment his/her luck… as luck has little or lots to try to to with it, looking on your viewpoint. There are some plusses to Forex, over shares, and therefore the massive and is that Bull and Bear, decision it UP or DOWN doesn’t mean a issue. there's no unlimited high and there's no unlimited low. With indices and shares one solely should explore the costs out there from 1940 to 2011 etc to understand that there's an inbuilt system of rising value structure PULL/UP pressure that ensures that costs invariably still rise at some stage, notwithstanding it takes years, which that value high/low pressure doesn't exist within the FOREX market that invariably plays a try where one is shopping for one and Selling the opposite. In fact Forex may be a quite zero total game. all-time low a country’s currency value will ever get is zero – worthless. however this never happens because the world’s worst currencies are often theoretically worthless however will still be sold for a meagre quantity on the world’s Forex markets. attempt Zimbabwe. And if you follow five major currencies and their offspring like USD EUR GBP CHF and JPY there'll invariably be each value and volume out there for you to trade. I’m not progressing to go into my methodology during this note. Sufficient to mention that i'm blessed with a few years of trading expertise and this enables me the privilege of trading positions and using targets, risk/reward methods, and my very own overriding “take a profit or take a loss” strategy at a time of my selecting, to form Forex work on behalf of me. That doesn’t mean it's progressing to work for you. keep in mind a handful of months ago I urged having a Master Mind cluster who might work along to share methods and concepts with one another. Over the subsequent weeks regarding ten folks said they were interested. Most of those folks contributed nothing and most have currently drifted away without… well simply drifted away… some joining $10,000 Trading Mentorship Trading Floors, others saying they lack time to me says lack commitment… etc, etc, etc. No one truly contributed abundant and that i are answering Q&A to merely two or three folks – and that’s fine with me. i will be able to still try this for those few. Here’s what I actually have determined which will assist you together with your trading. Rules all on their own are not any use to traders as a result of we tend to all have our own approach of determining what quite trader we tend to are. And what rules mean to us. every people is healthier off answering our own queries, instead of being attentive to some Forex guru who could or might not be wiser than you're, IF you've got had many years trading successfully. That’s the rule that counts. What i'm saying is YOUR TRADING vogue HAS fit your temperament. e.g. Mike A is perfectly fitted to a patient set up where he places his trade and checks on its progress once daily for updating of his stops/targets or quit levels. slightly like me. Mike B loves the joy of day trading and is happy to trade for four or five hours daily doing a trifle scalping and taking short snappy profits or accepting short snappy losses throughout his trading hours. He enjoys being an impulsive trader. Mike C trades solely on Mondays when evaluating the previous week’s weekly charts. Mike D trades the bloody obvious and therefore the emotional reaction to the world’s disasters, like Tsunamis, earthquakes, panic on Wall Street action etc. once more Mike D may be a very little like me. Understand that you just could also be a Mike A otherwise you could also be a Mike B otherwise you could also be a Mike C or D. Or a mixture of of these. It doesn’t matter. reality is you must recognize what trading vogue suits your personality… and as such, be terribly careful to not choose a “coach” if doing this; whose trading vogue or system is radically completely different from the approach you prefer to trade. otherwise you can find yourself being a replica cat of a way that differs from what and who you're. And presumably find yourself as a failure. YOU HAVE to possess a collection OF RULES notwithstanding those rules are empirical and subject to you being the decider, instead of say, rules that use indicators that build the selections for you. YOU COULD HAVE, AT SOME STAGE, DONE lots of labor ON TRADING METHODOLOGY AND ACTUAL LIVE TRADING. e.g. I actually have a system i'm using to require a hundred pips out of sure markets at sure times. however methodology} remains “alive” and that i am still developing it as i'm going and it's SUBJECT to alter at my need because it is my method and that i AM freelance AND FOLLOWING my very own LIFE vogue. And to travel over all the tiny idiosyncrasies of this methodology would possibly well take me 2 or 3 hours, and there's no guarantee you'd follow it and still build all constant choices that I do. That’s trading. YOUR RULES ought to embody A ‘CUT YOUR TRADE IN HALF’ IF it's GOING BADLY. important IN FOREX. And you want to perceive and apply a RISK/REWARD structure on every trade. Lastly… if you’ve done the work you must arrive, someday within the future as an area where YOU TRADE WITH easy EFFORT… and additionally you are doing what I decision TRADE THE BLOODY OBVIOUS. and that i indicate that the bloody obvious in Forex isn't essentially constant as that which can seem if, as an example, you're a trader of the NASDAQ. however you can't get to the present easy EFFORT trading space while not doing the work. Friends… I don’t recognize what you wish from trading. I actually have created it my full time lifestyle. I trade for a living. and that i trade in such how that my risk/reward offers me a a hundred pip profit on most trades and risk/loss strategy is such that I are often hour successful and still build cash. On different trades i'm obtaining over a hundred pips and that i am happy to lose in accordance with my RISK/REWARD structure that the most I will ever lose on anyone trade is two hundredth. Now i would like to travel into that hour figure for a flash. meaning i'm ready to lose forty trades in each hundred. after all by trading the bloody obvious and using techniques like being stopped out and going right into constant trade daily later i'm, in my mind, a high risk trader… however that prime risk bit is what keeps me successful, as several traders after they are stopped out on a Tuesday can become blind sided to the actual fact that constant important material that created them trade on a cash could exist once more on the Tuesday… however they adopt the one bitten twice back principle and don't settle for that Be yourself. Trade your approach. Don’t get frenzied by trading area methods, mentorship, or systems that job outside your comfort zone. Be yourself. Do the work and easy effort can arrive some day. nobody said it had to be straightforward thus don’t believe all those advertisements that say you'll build 3000 pips before lunch. It simply isn’t true. To your wealth. Ben Judah

Sunday, January 22, 2012

Best Free Personal Finance Software

Discussion If you are looking for a quick education in double entry accounting, look no further than / . It will ease you into the "Assets = Liabilities + Equity" accounting equation and help you keep tabs of your budget without using the categories commonly used in commercial personal finance applications. Users are allowed to easily create as many accounts as they need under each category. The program is integrated with a reporting and graphing module to generate a full suite of standard and customizable reports including balance sheet, profit & loss, portfolio valuation, etc. It also allows for convenient printing of checks. On the downside, it does not track stock price movements automatically and some brokers only support online downloads of files compatible with Microsoft Money or Quicken so that users have to update them manually. The program does not provide encryption of files but users can rely on third party encryption software to keep files confidential and secured if necessary. It also takes a while to either start up or close down the program. HomeBank is a feature-rich program that allows the keeping and tracking of detailed expenses, income, assets, and other budget-related categories. Numerous report-generation options are also available, as well as the ability to import Amiga-related information. Due to lack of a local help file, the program is somewhat difficult to learn, especially for a novice. An online help file is available, but you must sign up for an account on the developer's site in order to be able to view the software guide. AceMoney Lite is a full-featured budget program, geared primarily for personal home use. It handles only two accounts, compared with its upgraded shareware version, AceMoney, which handles unlimited accounts. It allows you to keep detailed track of your expenses, and provides a wealth of options for report generation by various categories, sub-categories, and functions. The program also provides password protection, which is a plus for security purposes. In addition, the program supports 40 different international languages, and contains a feature-rich currency converter. Lastly, because the program contains a complete detailed Local Help File, it is fairly easy to use i.e. it has a gentle learning curve. Therefore, the program is useful for both novices and experts. GFP is a rich and full-featured program. It has numerous transaction and report categories, and also supports numerous edit and option settings for each transaction and report. It is easy to use and understand, and it offers a detailed Help Section that provides clear guidance. It has a gentle learning curve, and is suitable for novices and professionals alike. It is based on the GNU open-source license model. Money Manager Ex is an excellent full-featured budget program that enables users to create multiple accounts, transactions, categories, and reports. The program is fairly easy to use, with a medium-level learning curve, and has an extensive help file to assist users on how to navigate the various features and options. It also supports most, if not all, computer operating systems. In general, it is a good program for novices and experts, but is sorely lacking in real-time automatic fiscal tracking and download capabilities. Also, it does not support password encryption, which is a must in today's computing environment. Grisbi is another GNU GPL open-source budget program that is full-featured, and allows users to created multiple, unlimited accounts, categories and reports. The program's GUI is simple, attractive and easy to understand but because of the lack of a local help file within the program, there is a steeper learning curve involved in learning all of the program's features and operations. The program is versatile for the most part in terms of its capabilities and format accommodations, and supports encryption of files. Nonetheless, a user must be careful not to forget his or her password, as it would mean losing all of the created financial data. Overall, it's an excellent program, which I recommend to Gizmo's users. Metalogic Finance Explorer is a full-featured, straightforward budget program that has two primary advantages over many other programs: (1) allows for automatic uploading of financial data from banks (2) it accepts importing of financial data from all sources and formats via the Open Financial Exchange (OFE) protocol. In addition, the program allows users to import stockmarket data, and to print out their displayed financial data. However, there is a very skimpy local help file within the program, but there is a relatively more extensive online help file. Hence, the user must play around with the features to learn how to fully use them. Money Plus Sunset Deluxe is another excellent full-featured budget program that offers users a wide range of services, including budget planning, report generation, stock-investment service lookup capabilities and tracking, and automatic importing/updating of online bank account services. It also offers security options, data archival, backup, and restore backup functions. In addition, there is an extensive local help file within the program to assist users in learning how to use all of its capabilities and features. It's an excellent program - however, since this is legacy/sunset software, Microsoft no longer supports the program and as of January 31, 2011, all online services will cease to exist. Looking for online money management? Mint is an attractive personal finance on-line service. It helps budgeting and keeping track of your finances. Users need to create a Mint account before adding bank, credit card, home loan and investment accounts. As claimed by Mint, "it works for you without requiring any personally identifiable information from you. Your Mint account is anonymous; set up requires only an email, password and zip code. Mint doesn’t know your name, address, social security number, account numbers, or PINs". Rudder lets users review all accounts in one place, get bill reminders, budget and manage cash flow. It is an email-based system with similar privacy issues. My details COULD be adequately protected but how do I KNOW that they are and always will be? I need a credible guarantee that if my ID, password, account numbers and credit card numbers are somehow compromised through their service, that they will make me whole. And if you ever close your account, how do you know your data has been securely erased from caches, files, backups, etc.? I'm just not willing to (literally) bet the bank just to build some charts of my budget or an email summary of my accounts. That said, these offerings really do look like promising planning tools for the less paranoid. Money Strands This service is 100% free, and allows users to import their bank data automatically. In addition, the website service automatically classifies financial data into meaningful categories, based on users' information. Per the site's FAQs section, CSV/QFX/OFX formats are aupported and, lastly, the site's owners invite people to submit their bank's name to them.

Thursday, January 12, 2012

Automatic Forex Trading And What It's All About

First , automatic forex trading, like any form of speculation , has one very important goal that lies above all else ; making money ! If this is the premise we start out with, that our goal is to make money , then in a massive global market market, how do we do this ? The first thing you need to decide is whether you are a technical trader or a fundamental trader or both . Later we'll have more articles on this topic , but for now let's assume that you like to follow world affairs and current events and are therefore attracted to the fundamental side of the game . Then you must ask yourself , what are the most important factors fundamentally driving currency movement ? If the fundamentals is what you're focusing on , forex trading decisions are going to be driven by one thing above all others ; interest rate differentials between countries . What exactly is an interest rate differential ? Good question ! Let us suppose that the Australian Dollar has a short term interest rate of 4% . Meaning that if you are a debtor and you live in Australia this will be the base rate that determines what you pay on your home mortgage, your credit cards, etc . This also means that if you are a creditor you can use this 4% short term interest rate as your base rate that determines the income you get on investments ; which can include certificates of deposites that come from a bank locally. Then imagine that the US Dollar has its short term interest rate , which the Federal Reserve sets , which is 1%. How are currency movements affected by all this ? If 4% is the short term rate of the Australian Dollar and the US Dollar short term rate is at 1% it all becomes this simple: investors will seek a higher yield on their investments and since Australia provides more interest funds are then moved by them to the land "Down Under" . The investment shift of capital leaving the United States and moving to Australia leads to a weakening of the US Dollar since demand is smaller than supply and the Australian Dollar will strengthen since the demand is greater than its supply. The basics of economic fundamentals are working; where there is more demand for something its value will rise . The next time you are thinking about your own automatic forex trading and what position to put on next , just ask yourself , " which country will moving forward have higher rates and what country is likely to have lower rates moving forward ?" Then buy currency that is the favorite for higher interest rates and sell the currency that you favor for weaker interest rates and watch your profits grow as investors leave currency that is weaker and go towards the one that is stronger. This is the essence of automatic forex trading. Author: Peter Markham Thanks Pete.