Car Insurance Policy – What To Know About Car Insurance Before You Shop The car insurance policy has a lot of legal language that most of us do not begin to understand.
What is insurance?
Insurance helps you protect yourself against risks like a house fire, car accident or burglary. You can also get insurance that pays you money if you get too ill to work or to provide for your family if you die.
The essential parts of the car policy are found in the declarations page that you receive when your policy renews. Car insurers are always competing for each other’s policyholders. Every car insurance company uses actuaries and underwriters to help determine the rates.
Rating Territory – Whether you like it or not, your neighbors and friends in your community help determine the rates in your area. These areas are called rating territories by the insurance companies. If there are high losses and frequency in your area then your rates are going to be higher. The opposite is also true.
Liability Insurance – Liability insurance protects you when you are liable in an automobile accident. This is valuable protection for you because this is the portion of the possible that insures you against the highest risk and financial loss. Liability claims because of death and injury are by far the largest. Don’t cut yourself short in this area.
Physical Damage Insurance – This portion of the car insurance policy pertains to your vehicles. It is a good idea to self-insure in this area by purchasing this coverage with high deductibles. Low deductibles no longer warrant the high premiums for the protection afforded. High deductibles will save you thousands of dollars over the life time of a policy.
Car Insurance Discounts – There a number of discounts in car insurance, Vehicles with air bags, seat belts, anti-lock brakes, and anti-theft devices all have discounts. Senior drivers can receive retirement discounts. Young drivers with driver training education receive discounts. Some companies give good student discounts for the young driver with a 3.0 grade point average.
It’s also important to have certain information available when shopping for car insurance. The vehicle identification number for all vehicles, the driver’s license number for all drivers, and your current insurance information will make your shopping easier.
How insurance works ?
With insurance, you choose what you want to be protected against. Then your insurer calculates the risk that the events to be insured will happen and the insurance provider or insurer will determine the price you will need to pay (your premium).
These are the three main steps.
1. Choose a policy
An insurance policy is a document that lists exactly what you are or aren’t protected against. For example, a travel insurance policy might say that it will cover your medical bills if you injure yourself abroad – but not if you were doing something dangerous, like skiing.
2. Pay the premium
The premium is the amount you pay each month or year (or sometimes just once) to have the insurance. The amount you pay depends on the risk and on the value of the events you’re insuring. For example, if you’re an inexperienced driver it’s more likely that you’ll have an accident, so your car insurance will cost more – and it’ll be even more if you drive an expensive car, because repairs will probably cost more.
3. Make a claim
If something happens that’s covered by the policy, you can claim on your insurance. You tell the insurance company what happened, they check that it’s covered under your policy, and if the claim meets with what you are protected against then they pay you as agreed.
Five Steps to Success Trading Forex 2017 by Kathy Lien
Download 5 Steps to Success Trading Forex by Kathy Lien : As one trader successful women in our day, Kathy Lien has a myriad of tips that can be distributed to the novice trader. One recommendation contained in the trading book entitled High Profits in High Heels: Secrets from Today’s Top Women Traders. In the compilation work, he not only share impressions and experiences as women traders who are still rare, but also the secret of success with trading the following five steps:
1. Build a Trading Plan
The very first step in creating a trading strategy is the planning. The biggest mistake beginners is trading based on instinct or methods of other traders. Although later works, oriented to the way trading is a “sin”, because you will have difficulty making the same profit when no longer receive “tips” of the trader. Holds Successful traders can not be pinned if you only manage a big profit in a trading position. Therefore, you need to create a strategy that you understand the outside in.
“In each of my presentation, there is always the question of indicators and time frames are best. My answer is ‘no’.” Thus said Kathy Lien. According to him, all traders have the same profit opportunities, both short-term traders, long-term, teknikalis, or fundamentalists.
The key, find a trading style that suits your personality, and do not try to match your personality with a particular trading style. Know yourself and know if you are impatient, need quick results, like excited look at price movements even though only 10 pips, or relatively more want to take a more relaxed approach and have a long-term perspective.
To find out, you can begin to develop a strategy to answer these three questions:
Is my strategy will be based on the technical, fundamental, or both?
Is my strategy will focus more on trading range or trend?
Time frame what will I use?
For the record, the determination may be based on the time frame you kepibradian. Time frame is great as H1 or more may not be suitable if you are the kind of trader are impatient. Instead, you will have difficulty digesting low volatility in a time frame such as M5 or M15 if you ate a trader who would rather “go slowly”.
Then, you can continue to answer the following three questions:
- Pair what I’m going to trade? major or cross?
- Will I still hold positions above 5 pm or on weekends?
- Am I just going to buy a pair that gives me an interest swap?
By answering the questions above, you can build the foundation of your trading. Just so you know, there are some strategies that work better in certain pair-pair. For example, the pair EUR / GBP is often chosen for the range trading strategy. This means that the EUR / GBP is more appropriate for the strategy of “buy low, sell high”. Develop a trading plan will certainly be easier if you can identify the characteristics of price movements in a particular pair-pair, and pair it with the right trading setup.
2. Set Money Management
The next step with regard to risk management. Why this should be the second? In fact, to know when the right time to exit is equally important to recognize the fitting moment for entry positions.
There are different kinds of risk management methods that you can use. Here, Kathy Lien did not emphasize where the best way, because it all depends on how you use it. Averaging method, for example, when used with the aim of maximizing profits might be a sweet fruit. But his case is different when applied in this way when you’re loss position, because you can actually increase the risk of loss. For that reason, always know what you will do before opening a position in order to take measures best exit.
Use Trailing Stop
One more tips in determining the exit is to engage the trailing stop. According to Kathy Lien, the forex market is highly trending market. That is, prices can move up to thousands of pips if trending in a certain direction, with little retracement here and there. Because of this many fund managers to be a trend follower. In a trend following strategy, trailing stop has a rather crucial role because it is useful to maximize profit potential while also limiting risk.
Kathy Lien And what about yourself? In this book, he reveals his favorite strategy:
“I like to open several trading positions with the size of the two lots. The first target I usually there is at level” conservative “, or easily achieved. As for the second target, I place with a ratio of 1: 3. When the first target I was touched, I will move stop loss to breakeven level and continually adjust the trailing stop line with the strengthening trend. the principle is, do not ever let a win turned into a loss position. “
After developing the method of entry and exit, the time had come to test the reliability of the strategy. Remember, everything needs to be tested either by the back test and forward test. The best way to make back the real test is to apply a particular coding program. However, not all traders can use it, then we discuss a common way, namely by reviewing the chart. Long time back test usually depends on your trading strategy. The more complicated method you use, obviously the longer the duration of the test.
Only after you have finished doing back test, you can go to a demo account to forward test. This stage is important to run even if you already have the results of a back test. Why? What might happen in theory sometimes not similar to reality. Especially when you use a breakout strategy or trading news, price volatility certainly will not be easily predicted, and find the position of the entry is certainly not as easy as reflected in the results of a back test.
When you’ve managed to achieve a consistent profit in the demo account, then you can move to a live account. In this case, you should not rush, because “class” into a live account before printing the steady gains in a demo account will only bring disaster to you later.
4. Understand Trading Strategies
In addition to choosing a strategy appropriate to the character, you also need to understand the correct trading strategy you use. Not just the way it works, but also what kind of trading results to be imported.
In terms of trading results, there are two kinds of strategies can be identified. The first strategy succeeded in making many positions you end profit, but the amount of profit per position lower. With such a strategy, the number of gains and losses on every trade you more or less equal size. However, since most of your profit position, then figure your overall profit expectations are still positive.
In contrast, the second strategy to make the most of your position was closed with profit. But in a profit, your benefits can be very large in number. Thus, whenever a big profit profits will be able to cover the losses of the loss position. The second type is usually occupied by the strategies of methods breakout and trend following.
Recognizing this side will make it easier to measure the success of trading. Let’s say you take a breakout strategy. After all this time it turned out great profit trading you are not too big, and even failed to cover the shortfall from your loss. Such results clearly indicate the failure of the implementation of the strategy. If you have this, then there is no other way but to go back to the first step.
5. Develop Trading
If you are able to get past the fourth stage, then the next left is development. Although already in the last stage, it does not mean you can relax away. In fact, it is precisely at this stage you need to be tried, because developing a trading is a process that continues all the time.
Learning From Kathy Lien
“Every week, my partner my trading hold a session of self-reflection, where we talk about trading like what we have done. We also discussed the mistakes that we made, is there a pattern of defeat could be traced, or is there something that could fixed “, so said Kathy Lien.
Trader women who had worked in JP Morgan’s own experience of being in dialogue with one trader at an event. “He said that the strategy of his trading very profitable, but there is one outstanding issues; strategy always fails each have a news release. Believe it or not, he asked for advice to me. My answer is simple, if you can profit in a normal market but failed when No news release, then avoid trading in these times. I’m convinced now that the trader has to understand. Although simple, but that sort of thing sometimes need to be submitted with a really clear ahead to be understood “, so he says.
Kathy Lien returned an example by expressing ‘rants’ other traders: “There is a trader who told me that he has not been able to successfully use the strategy of breakout. After I wondered, then caught sitting case. During this time he was looking for a breakout at the end of the American session and the beginning of the session Asia, two sessions the market’s most rare moment of breakout her. I then advised him to adjust the trading hours in the early European session, and only by doing so, the level of profitability increases are significantly, adjustments are small like this is precisely capable of making a difference big”.
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