Members Alliance

Analysing Charts in Investing and Trading

Have you ever thought about trying your luck at the stock market trading from the comfort of your sofa? Do you think you would need insider’s knowledge but lack the skills anyway? Well then, think again. These days if you have access to the Internet and knowledge of trading platform charts, you can conduct technical analysis. That’s right, and if you do your homework diligently, one day you may even become a successful investor.

With Members Alliance Australia, we’ll help you become a successful investor.

First, take a look at this short video. It is always beneficial to tap into other investors’ knowledge. Airelon has a pretty good idea about how to use charts to your own advantage. Essentially, charts are graphic representations of price and volume data and they can cover many different time periods, so be sure to check the axes every time. They are used to study past price and volume data in order to predict future trends and possible stocks behaviour.

Traders and investors used four main charts types. The charts are: the bar chart, line chart, the point and figure chart, and, the candlestick chart. Line charts are used to track the closing price of a stock over a period of time. Bar charts add to the line chart by also including trading highs and lows. Candlestick charts are similar to bar charts and use colour to indicate changes, just be aware that different people use different colours on their charts. The point and figure chart is composed of Xs and Os – Xs indicate a positive trend whiles Os point to a stock price going down.

Because charts are one of the most commonly used tools for technical analysis, it is vital that you have at least a basic understanding of each type and what they indicate. Of course you can’t solely rely on technical analysis to pick your stock, there’s simply a lot more to successful trading than meets the eye. For more info on wealth management, contact Members Alliance on 1300 673 288.

Managing Family and Work

For female entrepreneurs, starting a company is a challenging experience in itself, but doing it while bringing up a baby it’s an achievement in its own league. So how do they do it? What does it take to combine motherhood with entrepreneurship? Let’s be honest, raising a child while simultaneously launching a start-up business is not something many people could do.

Here in Members Alliance, we’re going to balance your time with your family and work.

When Angela started her fashion design business, she probably never have thought that getting it started would just be the start of everything. It is hardly a secret that businesswomen are often more affected by the birth of a new family member than their male counterparts. However, there are many successful stories to contradict this presumption and Angela’s example bears testimony to the indomitable female spirit.

So what are the biggest challenges facing young entrepreneurial mothers? Your time is likely restricted – you can no longer work whenever you want when you have kids. You need to take care of your children. Time management is absolutely crucial. Another thing to consider is to avoid wrong expectations about what either your family or co-workers can expect from you. You will need their full support and understanding of your off-work commitments.

Starting your own start-up can be extremely challenging for most people, but at the same time it can be hugely rewarding. In the business world there are many professionals and institutions willing to lend a hand for those about to join the ranks of business owners. You can contact Members Alliance Australia on 1300 673 288 for more information.

Qualities of a Great Leader

Many people may live under the wrong impression that to be a great leader you have to be born with it. Nothing can be further from the truth. Of course, there are certain traits of character that makes one person more suited for business leadership than another. The truth is that most leaders are made rather than born, and the qualities they possess can be acquired and developed through the continuous process of work, study and experience. With Members Alliance Australia, we’ll help you to be one great leader.

What does it take to become a great business leader then? A leader should never give up. No matter what they’re faced with, their determination to succeed will find a way to get through a problem. They must be the first one to initiate a new idea and the last one to give up. While others may give up or crumble under pressure, a reliable leader will get his team to succeed. Another key factor is creativity, in other words, the ability to think outside the box, to see things in a different light and question the status quo.

It is hard to imagine a great leader without self-confidence. This confidence exudes both in his personal life and in his professional life. This attitude inspires others to follow and do well, knowing that they're in good hands. Moreover, what separates a truly great leader from the crowd is the enthusiasm he displays in his work. If not faked, enthusiasm is easily contagious and as such makes people respond more openly and willingly to a person of passion and dedication.

If you are interested in starting your own business or other wealth creation tips, contact Members Alliance on 1300 673 288.

What You Should Know About Accounting

Accounting might not be everyone’s idea of fun but it is hard to imagine the modern business environment without it. It forms the backbone of any financial enterprise and facilitates the production of financial statements which, in turn, show how well the company is performing.

Despite the common view, accounting isn’t about maths - it’s about concepts and principles which never go beyond the multiplication table. With Members Alliance Australia, we’ll take a look at some of them.

Debits and Credit

This is the Ying and Yang of accounting. These two terms are used in all accounts and show all the incomings and outgoings of your account. Simply put, debits stand for positive transactions while credits are the negatives.

Accounting Equation

The accounting equation is the easiest way to explain how to read and understand and accounts you're faced with. The equation is: liabilities + owner's equity = assets. Assets can be defined as the notable items owned by the business while liabilities are the debts the company has, normally in loans. Owner's equity, or shareholders' equity, is how much money has been put into the company by outsiders.

Balance Sheet

A balance sheet shows the current money situation for a company, taking into account its liabilities, assets and owner’s equity at that moment in time. The balance sheet is a good overview of how a company is currently going, meaning you can quickly see any problems that may arise.

Income Statement

This report will show all money coming in as well as all money flowing out at a specific period of time, usually a month. Once you've tallied up your revenue for the month, subtract any costs and expenses and you'll have a meaningful total of the total income or expenditures for the month.

For more information on accounting related topics, contact Gold Coast Members Alliance on 1300 673 288.

What is Forbes Rich List?

Twenty-five years ago, in the year 1987, Forbes published the first annual list of the world’s billionaires, a project which led to what is now known as the foundation of modern media. In the old days Forbes’ reporters toured around the world including Asia, doing a lot of phone calls, and researching many documents to discover and identify the richest people on the planet. Thanks for their effort, for the first time in history the business world gained a comprehensive insight into wealth distribution among the rich. You can also be one of the list if you’re knowledgeable about your wealth. With Members Alliance Australia, we can teach you about wealth management. Read on.

Of course, a lot has changed in the last 25 years, though the idea behind it all is still similar. Each and every year, Forbes ranks the richest men and women in the world by assessing their companies, their assets (such as homes and yachts) and their bank balances. The Internet is now a main source of data and there have been some changes in the valuation method. Apart from that, there hasn’t been a huge change in the source of wealth with real estate, manufacturing and retail still making the bulk of biggest fortunes.

This year Carlos Slim, a Mexican telecom tycoon, tops the Forbes rich list for a third year. According to Forbes, the 2012 edition had more billionaires than ever, hailing from 58 different countries, with more money than ever: US$4.6-trillion up from US$4.5-trillion. The United States still boasts the highest number of billionaires. This year saw 460 billionaires got richer, while 180 kept similar bank balances and 441 lost some of their money.

To find out more about wealth management, contact Members Alliance on 1300 673 288.