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When you make personal loans, poor credit is something that will make banks thinks twice about lending you money at all. Personal loans for poor credit advice are required for people like you who are having a difficult time keeping afloat in difficult economic times like this. Having poor credit only makes you a higher risk for the banks to take. This is why there are special lending firms that are willing to give people with bad credit the kinds of loans they need during difficult times.

The personal loans that can be made are usually available for different purposes. Some may opt to make personal loans because they need to make home improvements on their homes. Some may take on these loans to buy a car or even to pay for big events like weddings. Some may want to consolidate small debts and take care of payments with one larger loan that they make. Whatever the case, there is a time in our lives that we need to spend a big amount of money for something.

Traditionally, a loan like this would require you to have a good credit history to prove that you will pay the loan back with no problem at all. However, in an economic crisis, this kind of spotless credit score is hard to come by. This is why more non-traditional lending institutions are willing to take on the risk and lend people money because they understand the predicament that these people are going through. This means that the interest rate may be higher and the payment terms more stringent, but it gives the borrower a second chance at improving his credit history and getting his life back together by getting rid of debt.

Before making a loan, it is vital that you check your own credit score and make sure that everything is in order. There have been times when a credit score has been calculated incorrectly, much to the disadvantage of the person owning it. By checking your own credit score, you will be able to figure out if your credit score is as low as you think it is, or whether it is just a mistake of the agency keeping your records. By finding out now, you will be able to clear up any misunderstandings and miscalculations quickly and to your advantage.

Do the proper research on the lending institutions that you are interested in. Make a table to compare the different interest rates, fees, charges, payment terms, and conditions. By doing this you will have a clearer idea as to which program will best work for you in the event that you decide to make the loan application.

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Stay ahead of the rest by preparing to get positive results for Personal Loans Poor Credit programs. Find out how to avail of bad credit loans by reading more on http://www.personal-loans-for-people-with-bad-credit-info.com.

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When it comes to the IRS, things can get confusing, muddled, and even frustrating. Clearly, when it comes to your money, your life, and your income, it’s no surprise that things can get a bit sensitive. For accountants and tax prep professionals, the need for up-to-the minute information and in-depth knowledge is essential. One important fact regarding this year’s income tax return policies is a change in the registration policies for paid tax preparers. It’s called the IRS tax certification test.

1. What is the new requirement?
The new requirement, in essence, has to do with tax preparer’s need to register with the IRS. Before, paid preparers were able to prepare tax returns with no need for registration. Now, there are two steps that the preparer must go through in order to be legally prepared to file tax returns for others.

First, under the IRS tax certification test policies, the tax return preparer must obtain a preparer tax identification number (PTIN) from the IRS. The IRS will perform a brief compliance check of the preparer, simply to make sure that he or she has a history of competency in tax returns.

Following registration, the IRS requires a competency test for all tax return preparers. Only CPAs, enrolled IRS agents, and attorneys - all of whom are in current standing with their respective licensing boards - are exempt from the IRS tax certification test.

Finally, the new policy does not stop with just an IRS tax certification test. It also requires ongoing education for tax preparers. The goal of the IRS tax certification test and continuing education is higher standards, increased accuracy, and a greater confidence level among taxpayers that their tax preparer is adequately equipped to file taxes.

2. When did it pass? When will it go into effect?
In the summer of 2009, the discussion got started. Doug Shulman, IRS commissioner, saw a need for higher standards. As more and more Americans turned for professional help on their taxes, the fear was that the increased demand would result in a lowering of the competency level of tax prepares. Shulman proposed a comprehensive review and careful investigation. By the end of 2009, the new program was ready for launch. Now in 2010, the new IRS tax certification test has officially launched. The policy change occurred on January 4, 2010. Now, all paid tax preparers are required to take the IRS tax certification test. The test is available online (http://www.irs.gov/app/vita/index.html) as is all relevant information, including the Return Preparer Review document. (http://www.irs.gov/newsroom/article/0,,id=217811,00.html?portlet=6).

3. What type of certification is required and for whom?
The IRS tax certification test is now an official government requirement for anyone who prepares IRS tax returns for pay. The only exemptions, as mentioned above, apply to those are CPAs, IRS agents, licensed actuaries, licensed retirement agents, and certified attorneys.

Certification is not difficult to obtain, but does require the successful passing of a basic test which is found online. Following the test, the IRS tax certification test policy requires continuing education, consisting of 15 hours of relevant education. Self-certification, using the IRS’s online system, is available for paid tax preparers to register fulfillment of their continuing education requirements.

Though the new policies come as somewhat of a surprise and a potential interruption to one’s profession and livelihood, they do guarantee a certain level of accountability both to the IRS and to the Americans who paid preparers service. In our current climate of financial instability, any measure of safeguarding and increase of standards can be welcomed and appreciated.

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Jon Harwokey works for a startup company in several areas including the tax and finance dept. ExamMatrix is offering a review course for the IRS Certification Test that is mandatory for all tax preparers who receive a fee for completing a tax return. ExamMatrix, creator of the first computer based CPA Exam Review, guarantees you will pass if you use one of their powerful review software courses.

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The IRS Tax Certification Test

- Trends in life insurance -

Life insurance prices are falling!

Many of us are used to feeling the pinch in our pockets as prices in the shops rise.

Rising electricity and gas bills, petrol prices and food costs are not uncommon, with wages and savings sometimes struggling to keep pace.

But one area where costs have tumbled over recent years is life insurance.

Why have life insurance costs dropped?

The monthly or annual premium to provide financial security for your loved ones has taken a dive, for a number of reasons:

• Life expectancy

Fact: People are living longer - reducing the cost of life insurance in two ways.

Overall UK life expectancy is now 79 and this means policyholders are typically paying into the insurance pot for longer.

The trend is expected to continue as medical advances improve.

Better health and life expectancy also results in fewer claims being made by policyholders - for example those with mortgage life insurance are more likely to die after their mortgage is paid off.

• Technological developments

Alongside health advances, improvements in technology, particularly in areas such as car safety, are ensuring that fewer younger people are dying and therefore claiming on their policies.

• The internet

Perhaps the biggest reason for falling premiums is the emergence of the internet in the sale of life insurance.

In the past, consumers typically faced a limited choice of providers and shopping around for the best deal required major legwork.

But the rise of price comparison websites, means a search of a huge range of insurance providers can be done at the click of a mouse - and the results delivered within seconds.

This has led to fierce competition among providers, which has driven down prices to attract customers.

What you should know when searching for life insurance providers

A major trend in the life insurance market has been the entrance of supermarkets.

Retailers supply insurance which is underwritten by major providers such as Aviva and Scottish Widows.

This again has helped to increase competition by boosting the number of brands available to consumers - even if the number of actual providers has not changed.

For more about who provides life insurance read Confused.com’s guide to what life cover is available and who provides it?

How to stay protected when buying life insurance

With the vast number of insurance providers fighting it out for your business, who should you trust with your life policy?

Perhaps the most important thing you need to ensure is that your insurance provider is regulated by the UK watchdog, the Financial Services Authority.

All providers should be registered with the FSA and a list of authorised companies is available on the organisation’s website.

The FSA has a code of practice which insurance firms must comply with. This includes providing an initial disclosure document - also known as Key Facts - giving full details about the company and its products.

What happens if your life insurance company goes bust

The Financial Services Compensation Scheme may provide compensation if your life insurer hits trouble.

The scheme covers all of the first £2,000 of a policy and 90% of the remainder of the claim.

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Confused.com offer a guide to life insurance and comparison services. Visit now at http://www.confused.com/life-insurance for more.

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Guide to Life Insurance

Everyone knows how difficult it can be to get a home loan refinanced, especially if you have poor credit, which is why it is vital to look for bad credit home loan refinance opportunities. Because you have missed a few payments on your credit card bill or made late payments, this all has an effect on your FICO score. Your FICO score is a statistic that shows lenders whether you are a good borrower or not. The lower your FICO score is, the more banks and lending firms will avoid you.

The bad news is, if you have a bad credit score, you will most likely be turned down by banks and lending firms who fall in the traditional loaning institution category that deals with lower risk loaning. The good news is there is an opposite end to the category and this is where the non-conforming home loan institutes fall.

Under a non-traditional or non-conforming home loan firm, terms are extremely flexible for high-risk borrowers. These high-risk borrowers are borrowers that have low FICO scores. With non-conforming agencies, loans are given to high-risk borrowers while applying higher interest rates, which is fine for the borrower since you are given a chance to be able to clear up your credit and keep your home.

The biggest advantage of getting this non-traditional kind of loan is that you are given a second chance to prove to lending agencies that you can be a trusted borrower. This kind of loan will allow you to keep the home that you live in and get a second lease on life in terms of rebuilding your credit history.

The biggest disadvantages of applying for poor credit home refinancing schemes with non-traditional agencies are that they will apply a much higher interest rate than what is offered in a traditional home loan. If you are purchasing a new home, you may also be obligated to put a higher down payment on your home before you can avail of the loan.

With bad credit home refinancing packages offered by agencies that are non-conforming, many bad creditors are given a second chance to prove to others and themselves that they can truly be responsible borrowers. It is usually motto for most of these non-conforming firms that there are just instances in life where everything will go wrong for, just like bad credit, and it may be out of your control. However, with a little assistance from the bad credit home loan refinance companies, you can stand up tall and continue your life with a better sense of security.

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If you have bad credit and can’t seem to get the Bad Credit Home Loan Refinance package that fits your situation, there is hope for you yet with non-conforming lending firms who give bad creditors a second chance. Log onto http://www.bad-credit-home-mortgage-loan-refinance.com to find out what if you are eligible.

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Bad Credit Home Loan Refinance Opportunities

The US Federal Reserve and many other financial regulators worldwide are aiming to keep interest rates lower for the rest of 2010. As much as possible, regulators want to keep interest charges controlled so that more people could enjoy and benefit from taking personal loans. As usual, consumers aim to get a lower interest rate for any personal loan. Would personal loans for bad credit be covered?

Currently, the average personal loan interest rate is about 12% to 18%, depending on the program and the lender. The range is applicable to loans for individuals with good credit score. Personal loans for bad credit currently impose about 20% to 24% interest rate on the average. Intensifying competition for the product is helping keep the rates at the lower end of the range. Thus, you still have the control if you aim to get the most practical loans available.

You could get a lower interest rate for your poor credit personal loan if you would be more discerning and careful in applying for any of the available personal loans. Of course, you could always prefer the better products, with lower rates imposed. The active competition in the market could work in your advantage. In reality, such loans would always incur higher interest rates compared to regular loans for good credit people. Nevertheless, competing products from competing lenders could offer perks, discounts and lower rates.

If you want to emerge out of bad credit status, you should be determined in paying all your outstanding bills on time. You could use your poor credit personal loan as a stepping-stone to cleanse and improve your score. Get the resolve to repay your regular amortizations and installment dues on time. Being diligent in paying dues surely spell and bring about specific advantages and perks.

Being responsible for paying your dues on time certainly pays off in the long run. If you are suffering from a poor credit status, it is never too late. You could still always boost and improve your credit standing. Do not make bad financial decisions.

Many banks and lenders are currently offering personal loans for bad credit. Through doing ample and appropriate research, you could find that such lenders are always willing to help people like you borrow money whenever needed. Do not be misled by active advertisements that promise low interest rates for poor credit loans. Every situation is definitely unique.

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How could you secure lower interest rates from any of the available Personal Loans For Bad Credit in the market? Check out http://www.personal-loans-for-people-with-bad-credit-info.com to learn more.

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Would Interest Rates Of Personal Loans For Bad Credit Be Lower This Year?

Currently many people think that they are not anymore eligible for any type of loan because of bad credit history. As the competition heats up, the loan market is getting less stringent. Many lenders are now willingly lending money even to people with poor credit records. Personal loans with bad credit are now available to help people with poor credit history gain access to financial resources in times of need.

In general, a poor credit tag is seen with a great apprehension by lenders. No lending institution would be easily willing to take the risk of lending money to people who have defaulted in previous loans. Thus, many lenders ask loan applicants to submit documents like proof of employment, previous debt records, bank accounts, and income details. If in the past, no lender had been taking the risk to trust poor-credit borrowers, now, almost all of them are offering personal loans with bad credit.

Your poor credit record is not anymore a detriment to a loan application when the need for outsourced money arises. Personal loans with bad credit could be availed in secured or unsecured form. A secured loan for people with poor credit is attained through submission of ownership papers for any asset, known as collateral. The interest rate could be lower and repayment period could be longer. The borrower could lose the property in case of failure to repay the loan amount.

On the other hand, a loan is unsecured if provided to borrowers with bad credit without the need for any form of collateral. However, the interest rate imposed could be comparatively higher and the length of the repayment period could be shorter. Many borrowers with poor credit history prefer this kind of personal loan than the secured one, especially if they do not have any significant asset to offer. The loan amount could also be limited, as lenders still need to hold some form of risk control.

You could easily find a lender who would be willing to provide you with a loan product even if you have poor credit rating. However, experts still advise that you choose the best. Prefer the loan product that fits your requirements and repayment capacity. You could coordinate with a financial advisor or a broker to get into such a deal.

Apply for any of the available personal loans with bad credit and have money when you need it. Take the loan as another opportunity to improve your poor credit standing. You could do so by not defaulting on payments and paying the loan amount on time.

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Borrowers need not bear the curse of having a bad credit history anymore. There are now many Personal Loans With Bad Credit products that are available in the market. To learn more about such loans, visit http://www.personal-loans-for-people-with-bad-credit-info.com.

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What You Should Know About Personal Loans With Bad Credit

You can negotiate with your lender for a loan modification to save your home.
Yes, you can. You can “Do It Yourself”. But are you prepared?
Prepared to negotiate? Prepared to comply with all the paperwork requirements and the timelines? Are you prepared to spend hours on the phone on “Hold” listening to elevator music or worse? Prepared to be patient with the person who has been assigned your case, one of between 300 and 450 files on his/her desk? All incomplete, all awaiting paperwork, verifications, letters, bank statements before the actual negotiation process can begin.
Are you ready to put your life on hold while they check the fax machine’s pile of incoming pages for your faxed page(s)? Re-faxing the same document, again and again because it wasn’t found? Can you take time off work to be on the phone during business hours?
Can you leave work to collect paper work, make copies, fax documents, find forms on the internet, fill them out and get them notarized? Yup, you can “Do It Yourself”. Ready? Got the mind set to stick it out till the end without going crazy and driving your family bonkers?
Articles about loan modifications are increasing as more people are denied refinancing. It is an excellent way to save your home from foreclosure. In these desperate times, lowering monthly payments can save homeowners who are behind on their monthly payments from foreclosures.
Hiring an expert to handle your loan modification request is recommended rather than trying to negotiate with your lender by yourself. Without experience, the homeowner unnecessarily reduces the success rate, as well as the benefits. Your mortgage crisis can best be serviced by professional help.
Make sure you are offered a free consultation. A reputable company should offer such without any obligation to sign any contracts during that initial visit. In at least 18 States, with more States being added, it is against the law for a company to charge a fee upfront. If an upfront fee is required, don’t become a victim just because of these desperate times. Understand that most probably Predatory Lending Practices got you into the position you’re facing right now. One unscrupulous tactic being used is telling the homeowner they can save their homes, when in actuality, they are only seeking to purchase it at a greatly reduced price.
In order to achieve a timely resolution, the company you choose should be capable of working closely with you and your lender. You need to select the most qualified loan modification company available in your area. The entire process has to be done with integrity, honesty and confidentiality in order to assist you by protecting your rights through the maze of lending laws.
In the Tampa Bay area of Florida, the Home Loan Crisis Center (HomeLoanCrisisCenter.com) is one of the best. Known for their highly professional, honest approach, this company can represent you in getting that loan modification with better results than you could do it yourself, saving you a lot of anxiety and stress.
Time is not on your side. Research and chose a loan modification company to work for you. It becomes more difficult to negotiate with your lender the further behind you get on your payments. Achieve lower payments without refinancing.
Call the Home Loan Crisis Center’s toll free 1-888-273-3144 and learn how a loan modification can help save your home and get your credit back to normal. There is no charge until the entire process has been successfully completed. The Home Loan Crisis Center consists of Real Estate Consultants who are experts in loan modifications, experienced in doing the forensic mortgage analysis and who work with all of the major lenders on behalf of their clients in the Tampa Bay area. You will be working with some of the most experienced professionals in the industry, people who understand the core problems of the current housing crisis.
GT Wilson

Free Reports:
CALL: toll free number (888) 273-3144 for a free consultation

If you live in any of the following zip codes, HLCC can help you!
* 33601 * 33602 * 33603 * 33604 * 33605 * 33606 * 33607 * 33608 * 33609 * 33610
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GT Wilson - Home Loan Crisis Center, LLC - 6207 N. 40th St Tampa,FL 33610 - 888.273.3144

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Ask an Expert - Click here or call 888.273.3144

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Selecting the most qualified Loan Modification Help in Tampa, Florida 33610

If you are wondering whether or not bad credit home mortgage refinance packages exist, then yes, they do, much to the relief of citizens with poor credit. There are different lending firms existing today that have approaches that are more liberal in their loan program. In fact, they have taken the extra step to give some amount of trust to the debtor again so that he or she can rebuild credit history and get back on their feet.

When thinking about getting bad credit home mortgage refinance plans for your home, you must first do your homework well. Research and study the different banks and lending firms that offer such programs. Make a matrix that will help you compare interest rates, duration of loan repayment, service fees, and other relevant information that will have implications on your overall costs if you switch. By doing this, you will be able to get a better idea of whether you will be spending more or less if you decide to refinance at all.

Second, if you are able to get a hold of a loan with relatively similar payment durations as your current mortgage but the interest rate is one percent lower, it might not be wise to switch straight away because you will end up spending more on service charges. It is a better rule to find similar terms but with an interest rate that will be at least two percent lower than your current mortgage rate. With this kind of plan, you can calculate the total amount to be paid back and find that you may just get savings over the long term.

Third, be prepared for everything that will involve your credit history. When you are thinking of refinancing, it may be a good idea to get a hold of your credit report so that you can refer to it quickly or have a copy if the lending firm asks for it. Having a credit report on yourself can also help you figure out which bad credit home mortgage refinance loans you are eligible for so that you do not waste your time and money applying for those that you probably will not get approval for.

With these tips, you can definitely get your finances together and prepare for a change that should bring positive effects to your life. During times like these, it is important to be practical and to remain realistic with expenses every day and in the long term. With the right planning and the right direction, you can experience that positive change quickly.

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Take your future and finances into your own hands by preparing and planning for Bad Credit Home Mortgage Refinance loans. Find out more about how you can take full control by logging onto http://www.bad-credit-home-mortgage-loan-refinance.com/key-to-effective-understanding-of-bad-credit-home-mortgage-refinance.php today!

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Even young adults get sick, too. You might think you are just about to go to the prime of your life but you should be aware that health issues do not choose age. There could also be major accidents that might affect your physical wellness. These are the reasons why you should find and purchase affordable individual health insurance products.

You could just be starting out in life. It is normal in your age to face hefty student loans that you have incurred while in college. It is not easy to start from scratch. You might still be looking for lucrative employment or source of income. Financial stability may seem to be a goal that you should achieve. There are affordable individual health insurance products that are perfect for you. How could you choose the practical options available?

First, consider finding and buying a short-term health care insurance for the meantime. While you are still working to attain financial soundness, it would be wiser if you would opt to acquire an affordable individual health insurance that you could easily and comfortably afford. Short-term products are for you. These products are designed to cover individuals in a limited period. While they are not made to cover a consultation with a doctor for flu, such products are usually designed to cover your health if ever you figure in a major accident. That is what you need the more for now.

Go for products with higher deductibles. These are amounts that you have to shoulder in case you meet a serious injury or medical condition. In general, the higher a product’s deductible is, the lower overall premium payment becomes. That is because insurers appropriately and ethically consider the amount you are willing to take on your own in case there would be a health insurance claim. This is most advantageous if you do not meet any serious medical situation within the specified period.

Lastly, consider your location. You could more easily find affordable health insurance products if you are living in a country or state where premium rates are usually lower. Yes, premium costs vary from place to place. In observation, locations with higher costs of living are usually filled with many health care insurance products that are cheaper compared to those in places where costs of living are lower. There has to be a balance.

You are young and strong. However, that does not mean you are in no need for affordable individual health insurance products. Be smarter in finding and buying such insurances.

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There are Affordable Individual Health Insurance products that are specifically for young adults. Find out more at http://www.find-affordable-health-insurance-for-individuals-plans.com.

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Affordable Individual Health Insurance for Young Adults

J. Welles Wilder is best known for his technical indicators - now considered to be core indicators in technical analysis software. These include Average True Range, the Relative Strength Index, Directional Movement and the Parabolic Stop and Reverse.

He has written many articles on trading, appeared on numerous radio and television programs, and conducted technical trading seminars in Asia, Australia, Canada, USA, and Europe. He has also developed the Delta market timing software, One Day at a Time. Around the world, there are probably more traders using Mr. Wilder’s systems and methods than any other discipline.

Part I : Who is J. Welles Wilder ?

FJ : Please provide a background of yourself ? What were you doing before you become a trader? When and how did you get into trading?

JW : It just so happens that I have had several careers. Between high school and collage, I was an automobile mechanic and joined the Navy and became an airplane mechanic. After the Navy, I went to North Carolina State Collage (On the G.I. bill) and graduated with a degree in Mechanical Engineering. After seven years of engineering (and building a large Mobile Home Park on the weekends) I left engineering and got into Real Estate and Land development.

Two other people and I built 1,035 apartments in five cities in North Carolina and Virginia. I bought an airplane, learned how to fly it, and made the rounds of the five projects about every day. When the apartments were almost finished my two partners wanted to buy my third of the projects.

In the mean time, I had become interested in trading commodities because they are even more highly leveraged then like Real Estate. My partners and I agreed on a fair price and suddenly, at 38 years old, I had all the money I needed and nothing to do. So, I started to study the art of Commodity Trading.

FJ : What was it like when you first started ?

JW : I made a lot of money in Silver because I had reason to believe that Silver was going to increase in price. I can remember buying a contract of Silver at $1.38 an ounce. I think that was as low as it got.

FJ : How have you evolved as a trader ?

JW : I began to trade other commodities and I soon learned that one can also lose money trading commodities. So I stopped trading and began to get into technical analysis. This was in the early to mid seventies. The only book I could find in the library about trading was written by a man named Gold. Then I learned about a man in Wysetta, Minnesota who had collected about everything in print on Technical Trading. For a small price, he would send you several of his writings at a time and allowed one to copy them before sending them back.

FJ : How long did it take before you considered yourself successful ? And how would you define success ?

JW : My first real success in the Commodities Industry was in 1978 when I wrote and self published my first book, NEW CONCEPTS IN TECHNICAL TRADING SYSTEMS. Before I wrote that book, there were just two basic totally automatic trading systems to my knowledge. One was the MOVING AVERAGE and the other was Richard Donchian’s WEEKLY RULE.

In the New Concepts book, I introduced four new automatic trading systems. They were, The Parabolic Time/Price System, The Volatility System (which introduces Average True Range) The Directional Movement System, and the Swing Index System. The book also includes the first momentum oscillator to put all commodities and Stocks on one scale. That was called The Relative Strength Index or better known as the RSI. Over the years, we have sold more than 25,000 copies worldwide. At $65.00 it was also one of the highest priced books on trading.

Upon completing the book I ran a full page ad and an article on the RSI in the June 1978 issue of what was then called Commodities Magazine. This was just at the time that small computers were becoming available and it seemed every trader in the world was looking for something to program. We sold thousands of copies of the New Concepts book to these people all over the world.

The result of this is that I suddenly became well known in about every country that has commodity and Stock traders. In the meanwhile, I developed an (automatic) visual trading system called The Reverse Point Wave system. It worked equally well on stocks and commodities. To make a long story short, I put on seminars and taught this system to traders in about 10 different countries.

Probably, what contributed the most to my success over the years was my ability to write advertising copy. That is quite unusual for a Mechanical Engineer! I suppose that it was about this time that I considered myself successful in my third career.

So how would I define success? I would say; by setting oneself a difficult goal and then achieving it.

FJ : What is the largest contributor to your success ?

JW : Determination, and being one of the best ad copywriters in the industry.

FJ : What do you trade ?

JW : I trade the 35 major US commodities, primarily, and next; Gold and Silver stocks and options.

FJ : What was your first trade like ?

JW : My first trade was in Silver and it was very profitable.

FJ : What was your best trade ?

JW : The one I remember the most was in the early seventies when I bought $10,000 worth of Silver options and sold then for $40,000 six months later.

FJ : What was your worst trade ?

JW : Well, I hate to tell you this one. It proves that I’m not very smart after all. In the Spring of 1999, I thought that Y2K was going to be a problem. That was when my wife and I decided to live permanently at our home in New Zealand. I thought that if there were problems, then Gold would rise in price. So I bought 1600 Gold options. About a week before we left for New Zealand, Gold began to rise rapidly.

When I got to New Zealand I realized that I had forgotten to take a new data disk. My office in North Carolina e-mailed me the value of my options every day. When they reached two million dollars, I decided to take profits. So I e-mailed my office manager to BUY 200 Gold options every day. What I meant to say was SELL 200 Gold options every day.

When I found out my mistake a week later, I almost fainted. I e-mailed him to SELL every option we had left the next day. To end this story quickly, (I don’t much want to think about it!) I ended up just about breaking even on the deal. That was certainly my worst trade; which could have been my best trade, except for one word. . . BUY!

FJ : What methodology do you use ?

JW : I use the best trading system I ever developed. It’s called the Delta Plus system. It makes over 100% a year, every year, trading eight commodities. It is available only to members of The Delta Society International. It uses, among other things the Volatility System and the Parabolic Time/Price System

FJ : Is that what you do now - you have a newsletter and you manage money?

JW : What I do now is head up an organization I initiated in 1984 called The Delta Society International. I write the monthly trading letter that members receive. I do not manage money (except for myself!) We don’t have space here to talk about The Delta Society. If interested, please check out our web site. www.deltasociety.com

Part II : New Concepts in Technical Trading Systems

FJ : How did the book come about ? Where did you get the inspiration and ideas for the book?

JW : In the mid seventies, I had time to come up with a lot of new trading concepts. So, I decided to do something that I had never done . . . write a book about the best ones.

FJ : What is the central theme of the book ?

JW : Frankly, I don’t think there is one because each system has its own theme.

FJ : What makes it stand apart from other books ?

JW : I think it was the new concepts that were different from anything else in print that made it totally different from other books.

FJ : How could one get the most out of the book ?

JW : Read it slowly and carefully until you understand the concept for each system. And understand what serious system developers have learned that the best system in the book (often overlooked) is the Volatility System concept.

FJ : Can we talk a little bit about the RSI ? What led you to develop the indicator?

JW : Back then, people were using oscillators to show the strength and weakness of a particular stock or commodity and each oscillator had a different scale. The RSI put all commodities and stocks on the same scale from 1 to 100.

FJ : How ?

JW : Frankly, I can’t remember exactly how I did it. But, I could figure it out again, given enough time.

FJ : In basic terms, what sort of signal(s) does the RSI give ?

JW : In a nutshell, it measures the current strength and weakness of a particular market often in advance of the move. I don’t think we have the space here to cover it completely, but on page 68 it is laid out in detail, including one of the most important concepts: “The Failure Swing”.

FJ : Are the principles in the book still relevant in today’s market ? What would you modify and add if you are to write an updated edition today ?

JW : The answer to the first question is definitely. For the second question, I can’t think of anything I would ad or take away in the book. I admit that is quite unusual!

Part III : On Markets

FJ : How do you view the market ?

JW : The markets must win or else their will be no markets. There must be more money lost than won. The big winners are the Commercial Hedgers with huge money to back up their positions. These are the Fundamental Traders. The second group of traders is the Large Speculators which are mostly the big commodity funds. They are technical traders. The last group is the Small Trader. The Small Traders certainly outnumber the other two by I would guess a thousand to one. Since only 5% of Small Traders (over time) end up making a profit you can see where the money comes from to make a market. Fortunately, so far, I am still in the 5%!

FJ : How do you approach the market ?

JW : I have two accounts. In one account, I follow the Delta Plus System on the 8 commodities exactly, no matter what I think personally. In the second account I use the Delta Turning points and my own judgment to trade all of the market, but not necessarily at the same time!

I also have another system, called the DDS (Delta Directors System) that trades any and all commodities with only one parameter. (A parameter is a certain value or number that changes for every commodity.) This system has averaged over $50,000 a year in actual trading for the last 10 years. Nine out of the ten years were profitable. The one losing year was a loss of $5,000. The first quarter of the following year made over $20.000.

FJ : What has changed in the markets now from when you first started ?

JW : Since the markets must win, most trading systems can work fairly well for a year or two and they break down to loosing as more and more sophisticated market action adapts to defeat the system. So what has changed is that the markets adapt to most every kind of trading system, and it becomes harder and harder to come up with a system that can beat the markets. But, a few of them do beat the markets year after year. The more commodities your system trades well and the fewer parameters it has, (no more than two at the most) the better and longer lasting is your system.

FJ : What has remained the same in the markets now compared to when you first started?

JW : Not much except for the three classes of traders.

Part IV : On Trading

FJ : Is trading difficult ?

JW : Well, it’s certainly not simple. Successfully trading commodities is the most difficult thing I can think of.

FJ : What are the difficulties ?

JW : Finding a good trading system and following it exactly.

FJ : What is the biggest cause of failure and how should people overcome it ?

JW : Letting your emotions override your plan or system.

FJ : Are traders born or can they be taught ?

JW : Both. Some people are born with an innate discipline. Most have to learn it the hard way.

FJ : What would make a good trade ?

JW : The trade should be in the major trend direction. It should not have wild gyrations. If possible there should be a nearby support area to provide a reasonable stop. It should be rated high on the COT. (Commitment of Traders.)

FJ : What would make a lousy trade ?

JW : It would be a trade against the major and minor trends with wild gyrations.

FJ : You’ve been trading for some time. I think one of the most difficult things traders are faced with is dealing with emotion. How do you avoid falling into the type of trap ?

JW : That’s a good question. It takes experience, discipline, quickly recognizing the problem and the determination to overcome it. Otherwise get out of trading.

FJ : What else should people keep in mind when they are managing risk ?

JW : Risk is something one should consider before entering the trade. He can use a chart to determine the support and resistance. If those allow too much risk, either forget the trade or come up with a dollar (amount of money) risk. Most importantly, do not increase the risk if the trade is going against you.

FJ : Given a chance to start all over again, what would you like to do differently?

JW : Well, if I knew then what I know now, I would probably know Bill Gates and Warren Buffet as personal friends! Seriously though, as I look back on my life and think of how exciting and rewarding it has been, including the hard times and the good times, I wouldn’t change a thing!

FJ : Let’s talk about trading education. How long do you think it would take someone to master the art of trading?

JW : Of course that depends to a great extent on the person and his mastering of the attributes we have been talking about. Most traders never master the “art of trading,” because to me that implies being able to trade profitably without a system to rely on. So, I don’t think there is I have a definitive answer to that.

Part V : Trading System

FJ : Other than the book, you have also developed a trading systems ? Please tell us a little about it. Why did you develop it ? What is the basic principle?

JW : Over the years, I have developed numerous trading systems. I ended up with two trading systems that I will probably trade for the rest of my life. One is the Delta Plus System which trades 17 commodities profitable with low draw downs. I prefer to trade Delta Plus on what I call “the big 8″ instead of 17. It has two parameters. It has twelve years of very profitable results and two years of actual trading results.

The other system is the DDS system. It is based on a certain configuration that very often causes a major break out either up or down. We take the trade in the direction of the breakout and follow it with a unique stop. Although this system is definitive, it has never been programmed. It would be a bear for anyone to program. Our experience with the program in 10 years of actual trading, as I mentioned above, was over $50,000 per year. Draw down is generally very low.

FJ : What is your view on trading systems ? Do they work ? What makes them work ?

JW : I think the best thing a commodity trader can rely on is a good trading system. In the February issue of Futures magazine, is an article bout the “Top Ten Trading Systems through Time”. I know George Pruitt (who conducted the testing) personally. He is totally trustworthy. I have not revealed my two systems to anyone to program. My personal programmer is good friend who works exclusively for me.

I will list several of these systems so you can look them up on Google. They are all for sale. Here we go: Aberration, Basic II, Dollar Trader, R-Breaker, Grand Cayman, Trend Channel, and Golden SX.

I am not familiar with any of these systems or how many commodities they trade. I don’t want this to sound like a commercial, but add to the list my Delta Plus System, which is available from the Delta Society International.

FJ : When you create these systems or indicators, do you alter them constantly to adjust to changes in market behavior ?

JW : Absolutely Not. That is a recipe for disaster. I call it fooling oneself.

FJ : What is the Volatility System and how did it came about ?

JW : I think the Volatility System is the best, but most overlooked system in the New Concepts Book. In 1993, Futures Magazine did a study on trading systems, and declared then that the Volatility System was the best system up to that time. The system is also on George Pruitt’s list mentioned above. The basis for the system is my discovery of True range. The system has two parameters that should be adjusted for each commodity. One is the number of days in the Average True Range. The other is the distance from the close of the high day to the SAR (Stop and reverse.)

Part VI: Recommendations

FJ : What books would you recommend to our readers ?

JW : To tell you the truth, there are no so many books out on technical trading, I have not been able to keep up with any of then. However, I have a lot of respect for any books written by Tom DeMark. Look him up on Google.

FJ : Do you have any final comments you’d like to share ?

JW : I really enjoyed writing this. Your questions were very well put and covered about everything that one would want to know about trading. I hope that my answers have been beneficial to your readers

I am over 70 years old and my abilities to do what I have done all my life are not as sharp as they used to be. Over the years, I have written three books on technical trading and trading systems and one book with the modest title of “The Wisdom Of The Ages In Acquiring Wealth”

If I had only known in my youth what is in this book, I would be much wealthier than I am now. The book is all conversation between the teacher, Mr. Richmond, and the students. I would urge you to get a copy from Amazon. Read it yourself and then have all your children read it.

In closing, here is something kind of interesting. My name is spelled Welles Wilder. The only other person who I have found that spells Welles with two e’s is Orson Welles. So if you look me up on Google as Welles Wilder you will get so many hits. However, if you look up Wells Wilder you will get three times as many hits. The bottom line is that three fourths of the people that make reference to me don’t even know how to spell my name!

Well, I really appreciate your insight and thank you for your time.

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Continued here: 
An Interview With J. Welles Wilder