Put text here

There are many tips out there that “show” you how to win at Forex, but not all of them can make you succeed online. First things first, let us start at the premise no material or “guru” can guarantee you achieve financial success consistently at Forex, the only person who can do that is you. The materials and forex education programs are developed to help you plan your trade and develop within you the discipline and tap the side of you who wants to win at Forex.

You do not want to win in Forex, you want to earn big CONSISTENTLY. There are wins out there and there are losses, and your fear of losing cannot be fixed by any medicine, but the only way to eradicate this fear is by understanding. And by understanding foreign exchange, there is knowledge and success.

Here are four simple steps in eliminating fear and achieving financial success at Forex.

1. Get Currency Education. The basis of all understanding is opening your mind to ideas and methods you may or may not have encountered before. Getting Educated with a credible Forex Course is the starting point of achieving the results you want.

The tricky part is there are a lot of information sources out there, choose wisely in whatever course you may go into. Free courses are great, but paid courses have credible persons behind it, such as Forex mentor. Education in Forex is like school or a university, private investment in education is an investment here that can pay you back tenfold.

2. Finding the best trading method. How will you know if it is “best” for you? Here is a simple tip, no matter how complex or simple a forex method is for you, you cannot succeed if you cannot understand and apply it.

There are methods out there that may seem complex, and one may find a complex method “more effective” in one way or another. The truth is that a complex method is just a combination of some simple ones used in an awkward manner. Find a method that you can easily understand and apply.

3. Discipline and Sacrifice. Sacrifice may mean negative to some of us, but technically, sacrifice is one’s giving up of a lesser thing to gain a bigger thing. In Forex, some losses may be the “lesser thing” I was talking about, and the bigger thing you may get is education and experience. Adding it with time, and the bigger thing may not be only the education and experience, it is certain that so is your profits!

Discipline is another way to put the word consistency. If you cannot be consistent at Forex, there is no learning, and when there is no learning, there is no consistent profits. Taking time to study and discover new methods and approaches and sticking to it is what makes winners.

4. Be simple. Forex doesn’t have to be that hard on you! Over analyzing things, especially in Forex may just cause stress and occasional headaches. When analyzing trends and methods, look at the bigger picture in you mind, this will become clear and open you ideas you may not have seen or heard before.

If you know how to trade in the end of day basis, you will discover that you can be financially successful and rich with Forex. It requires less time, less stress, more patience and a different Forex trading method /rules than Day Trading.

Forex Trading is truly an option to create wealth and time freedom at the same time. Even successful traders experience loss, but following the four simple steps above can remove the side within you that has the fear, and lets out in you a side that wants to win.

Are you a person who like to have FULL CONTROL of
their destiny in the forex markets?

Vanquish the pressure, strain, and stress normally
associated with Forex…

Category: Forex Trading

Heiken Ashi (or Heikin Ashi, Heikin-Ashi) is the method of representing the charts using the Japanese technique of the balanced bars. Compared to the traditional Japanese candlestick charts the Heiken Ashi charts are more easily read, provide clearer picture of the market and allow easy trend spotting. What is good about this method is that it’s included into the standard set of the MetaTrader 4 indicators. You can find it there under the Custom submenu. I won’t explain how to calculate those candlesticks here because MT4 does it all automatically for you and you don’t have to worry about how those candles are drawn. Here I will tell you how to use Heiken Ashi in trading the trends. You can see the example Heiken Ashi chart:

As you see, white bodies are the uptrend candles and the red bodies are the downtrend candles. The upper shadows are usually absent on the downtrends and the lower shadows are absent when the trend is going up. There are 5 Heiken Ashi scenarios for trends:

1. Trend is normal. Rising white bodies signal ascending trend and falling red bodies signal descending trend.
2. Trend is getting stronger. Rising longer white bodies with no lower shadows for ascending trend; falling longer red bodies with no upper shadows for descending trend.
3. Trend is getting weaker. Candle bodies become shorter and for ascending trends lower shadows occur, for descending trends — upper shadows.
4. Trend consolidation. Small candle bodies with both upper and lower shadows.
5. Trend is changing (not accurate signal). Very small candle body with long upper and lower shadows.

That’s all you have to know to trade on the trends successfully if you are using Heiken Ashi charting method. But I also recommend reading some other article on Heiken Ashi if you want to learn more about using it.

Category: Forex Trading

If you have not seen ,heard or read about the Forex Profit Accelerator yet, it is understandable. Because Forex Traders have seen too many untrue trading education programs, bad feedback there by people who claim to be gurus in the industry trading education. People have been encountering people who are just there for the money in selling cheap or too expensive courses on the web about how to succeed in Forex.

This article is not about to sell you about the Forex Profit Accelerator, instead of bragging about it, Bill Poulos shared in this some of the REAL comments,feedback and opinions of people who just bought the course. Traders and individuals who really took that step to become financially independent with Forex.

Note : This are unedited comments by real future independent traders

———-

“Hello guys. I´ve just received my package. I want to
congratulate you all involved in this project because it’s
really impressive. The quality of the material is surprising and
I am really excited to begin my studies. Thanks Bill for helping
a Brazilian man building a more comfortable future for his
family.”

* Leo & Josana O., Brasilia, Brazil

———-

“So far I have made it through two CD-ROM modules, and I am
about to start learning about the 1st trading method. I will
probably be spending my entire weekend going over the course.
Let’s just say I think your course is of the highest quality,
and is by far the best Forex course on the market. I think you
and your company are of the highest integrity and really want to
help traders succeed. I am so glad I did not hesitate on
purchasing your course!”

* Ken S., Muncie, IN

———-

“I received the materials yesterday. I had previously been doing
all of the recommended reading and videos online so I was up to
speed when the box hit my doorstep. I spent a couple of hours
reading through the book last night and I understand the
material 100 % with ease. I will watch the videos as I get a
chance and I am sure it will all stick to my brain the first
time through. I have been trading Forex only 2 wks with a 0
account and demo account to see how everything works…

I like what you are doing for these reasons:

1. Your program is done so professionally and with complete
“meat” included. I have spent here and there for “systems”
that do not detail exact setup conditions, exact entry and exit
rules, exact money management rules, etc. This is what I am
looking for.

2. Your online marketing and communication and followup is
unsurpassed.

3. You limit the number of new students you take on so you can
actually maintain enough bandwidth to service them.

4. Your price is not dirt cheap but it is not out of line
either. I spent 00 on {another program} and results have been
less than impressive although the training was first rate… I
think I’ll do better with your approach.

5. You come across as a very straight shooting, no BS, no
overplayed hype kind of guy which is unusual. You generate a
sense of trust and credibility that I hope turns out to be as
genuine as it seems.

It’s been a huge dream of mine for the last 10 yrs to make
enough money at trading to do it full time, even if “full time”
amounts to only 20 minutes a day. The possibilities of this kind
of lifestyle are almost too good to believe could ever come to
pass for me but your systems gives me renewed hope.”

* Steve H., Vestal, NY

———-

Truly, using “easy” is a scam or marketing strategy, but being “simple” is a technique of effective online learning. Bill Poulos proves it with the Forex Profit Accelerator.

The creator of the course, receives this kind of comments every single day since it launched. I personally believe it, because Forex Profit Accelerator is one of the top Forex Training Courses that has ever been made. It has been made with research and surveys among Forex Traders themselves, dealing with issues and problems directly, with combined technical and analytical approach.

Other than the issues of quality, I know for a fact that the full time staff that helps Bill Poulos care to questions and consultations by the students ( which is not outsourced by the way) is one of the things that makes the investment worth every penny of it.

The only way you can experience this kind of quality training is taking this seriously and stepping up.

Imagine trading 20 minutes a day, every day, and having an income greater than you have now. Ask yourself this first, if you want to trade Forex and it is not with Forex profit Accelerator, what is going to be like?

There is no such thing as “too good to be true”. There will always be better ways to do things such as trading. I guess people who believe that there is such thing has not discovered the possibilities and is succumbed to the negative things happening around. As we evolve, ways of dealing with things will be better, more convenient than ever before.

Category: Forex Trading

Most of us are familiar with the quote: “Experience is the best teacher”. In forex trading, if you are a newbie, more than the courses and demo accounts that keep sharpening your trading abilities, there is no more greater teacher than learning from the experience of traders.
This is like a boost in the you’re learning, saving time and age to learn concepts. These rules however, are from successful forex traders. Why not learn from the best? Are you ready to follow?

First :
Do not risk more than you can handle. At one point or another, a successful trader has its share of losses and gains, this losses however, make them stronger, not the other way around.

For example, on a simple trade, never risk any more than 2% on your margin trading account.

Second:

Know your exit point before you enter a trade.
this is more of common sense, why plunge into something you don’t know how to get out of?

Third:

If at the start you do not know where are your stop loss order adnd limit order, then don’t even think of trading in the first place.

Fourth:

Study courses first and practice in a demo account before even think of going into trading. Practice, practice, practice some more before a real account.

Fifth:

Patience is indeed a virtue, and a calm head too. Let emotions rule you and your out of the game before you can even say “currency”.

Sixth:

Trade less, gain more. large gains don’t come everyday, keep your eyes and ears open for opportunities.

Follow these simple rules and sure enough you will enjoy the benefits of Forex Trading.

Category: Forex Trading

There are many home-based business out there that sprawl nowadays like grass. Most people don’t believe some of them because they have seen too much and at one way or another wasted time and money just for the promise of “getting rich” quickly and easily. It is simply not true. If you want to escape truly the corporate world and just enjoy life and work from home, why not invest you time and hard earned money in the most rewarding market there is, Forex.

According to some of the home based business I have tried, the so-called “gurus”, directly or indirectly show you that you will have to spend hours and hours in your business, both learning it and doing it. Which in the case of most people, is not favorable. They don’t have that enough time to invest reading tons of e-books, watching videos, what more operate it and putting it into action. Forex is the style of home-based business that you can do for several minutes a day, yet transform a mere 0 into 00 if you have studied and practiced diligently.

Most businesses nowadays suggest that you sell a certain product, tell it to friends, family. The guru’s teach you to “share” the product to others. The Forex Market doesn’t have any product or merchandise. It is a market based on currency. As long there is money, there is a need to trade currency.

It is not that I have anything against the home based businesses online, what I am saying is, that if you are the type of person who doesn’t want to sell anything or convince any one for a product you might even be convinced yourself , this is an alternative home based business worth investing time and money in. Whatever you learn from the Forex courses you have, you will benefit as long as you have an internet connection and wants to earn money.

The Forex Market is so huge, trading nearly .5 trillion dollars a day, such things as bad news, politics, and publicity stunts will have no effect in your trading. Leave the bad news to those who want to be miserable. In fact, after studying FOREX, you will be able to see how these things will actually benefit your FOREX business.

Do you feel that sometimes you don’t want to start any home based business is because you feel you are not good enough? Most people are being possessed by this emotion. The answer to this fear of is being able to thirst for education. The more you learn, the more confident you will feel, and the more confident you feel, the better the decision-making is. In the end. You make more money.

Forex is a home based businesses that is more rewarding rather than scary. Most people do not want to trade for the risk of losses. Most people just educate themselves more and manage their risks more and now are filthy rich traders. In Forex of course, you cannot lose more than what you have traded, money management and mindset are the answer to the fear of losing. If you gain however, it is the greatest feeling you will ever have. You will be hooked in it, you will learn more, you will get rich more. You wake up one morning, you’re life has changed.

If you want it, go do it. Don’t just dive in, invest time to do studying in courses, and practicing in a demo account. Yes you do not have to have a doctorate degree in anything to trade, but after the quality time of learning, financial freedom is possible for anyone with Forex.

Category: Forex Trading

Foreign Exchange trading has proved itself time and time again that is is a very rewarding income source for companies and individuals like you and me. Daily trading volume of over a trillion and a half dollars (thirty times larger than the volume of all the U.S. equity markets combined), has some of the richest people now, and some unlucky ones. If you know how the way this ‘game’ is played, you one day will belong with the richest people. Do you want to be in the wealthy circle?

You do not have to be a professional or have a degree in order to win, you have to have these three basic characteristics within yourself:

- The Desire to get rich
- The thirst for knowledge
- The basic understanding of Forex

Most of the information about forex is very abundant online. Home- study courses, seminars and the like offer the quality of learning you need to succeed. There are also trading platforms that can give you a free demo account to practice trading until you are ready.

Speaking of practice, i cannot emphasize more on how important these two factors are : learning and practice. Practice with a demo account until you feel you are ready to deal with real money. It may take months, yes, but this is an investment that can pay you exponentially in years to come.

In order to win forex, it is a must to have a trading strategy.
You need to know what you are looking for and how to do get it without loss as much as possible.

These are guidelines or foundations that should be included in your trading strategies:

- Never let emotions rule you. Stick to what you have learned and what strategy you have made.

- Risk no more than 2% on your trade, so that when bad luck does not want to leave your side, you would not have to worry that you are out of cash.

- when you are in a loosing streak, return to practicing at a demo account and be profitable at least for a week and come back to trading.

- Make rules and stick to it.

- Believe in the power of Compounding - don’t try to get a million bucks in a trade, expect growth every month and the month after, until at the end of the year, you have increased your capital 12 fold.

- Constantly learn - listen to trading veterans, read articles, go to seminars, talk to people. here you can fast track your trade learning and thus making more money.

Remember to just have fun with it and do little by little each day. This is a career worth spending your freetime or lifetime in.

Category: Forex Trading

If you have been very tired at work at the end of the day and still find yourself not finding satisfaction in your salary, If everyday seems to be a routine you are so bored with, this article is about to show you the high potential earning of Forex, how can you do it for less than 30 minutes a day and how the excitement can make you change the way you live right now. Here are some characteristics you should consider Forex Market as your home business to change your financial status soon.

Where do I start?

Of course that is the one thing that comes into consideration. How much to start? But before even going into calculating expenses in starting the real Forex trade, a good broker always starts with education. Reading, watching e-books, having some coaching, are just some of the information gathering techniques you can do. Studying and practicing in a demo account could definitely make the shortest path possible to being rich with Forex.

The Cost to Operate and to Start

Forex Trading nowadays can usually start small, usually 0. No other business that can make you so much money can actually start with so small. Of course you can work with as much as you want, the higher cost you enter with, that amount is the amount you are ready to loose, and ready to be gained exponentially. Starting small shows that any person that is motivated can start right away.

Another factor that makes forex so great is the time. You control your time. You may or may not trade, nobody obliges you to. You see an opportunity, place a trade, come back and get rich! You don’t see an opportunity, relax, watch a movie or do something. It is so flexible that many people little by little are starting to trade Forex. You own your business, not the other way around.

Transaction Costs

For a small business owner, there are NO commission charges. While most markets charge for commissions in addition to a bid/ask spread, the Forex market only has the bid/ask spread, typically narrower than other markets.

Risk Factors

As long as you have internet connection , you can trade forex. You don’t need employees, bosses, and office space to make you earn the money you want. You deserve better than that.

For each transaction or trade your risk is limited to a small percentage of the trade called “margin”. You cannot lose any more than your margin. So you control your risk, yet it can turn into loads of money! win-win for you.

Potential profits

Leveraging is one of the characteristics of Forex that can let you turn 0 into 00 several times per week, as long as you want. Because markets move up and down, the Forex market is structured so that you have an equal chance of profits regardless of which direction the market moves in. Leverage is available at up to 200:1, depending on you, You may choose to use less leverage. Forex tends to exhibit “trending” characteristics. This nicely lends itself to a technical and rules based approach which is reasonably learned.

To Sum Things Up

Easy to start, low transaction costs, controllable risk, and profit potential, the Forex market is far more better than real estate, stock, commodities, or futures markets. If you would like to operate a business that can be tailored to support your quality of life, the Forex business deserves your serious consideration.

Investing time to learn the trade can make you earn money you never learn you could.

Category: Forex Trading

In order to be rich and make loads of money with forex, it is a must for anyone who is serious to have accurate knowledge with the trade. Sure there is no need for any diploma in trading Forex, but in order to succeed, investing time and effort to learn profitably is a dogma.

Lately people have been buzzing about how a great income potential is forex. Getting tired of a monotonous life in the corporate world, there will come a time that people want to be free from all and have a rich lifestyle, to work from home and enjoy the greater things in life. Indeed Forex is a serious consideration and worth inveting on.

Before Forex was not accesible to anybody. But thanks to the modernization and internet, everybody has the fighting chance to get rich and be merry.

Yes Forex has low cost to operate, lower cost to start, very abundant information resources, flexible trading hours and very high income potential, everybody can get started in Forex in one way or another.

It is one thing to start trading and being profitable Forex trader is different. In order to become profitable in every trade, you will find it imperative to invest some time in learning courses and practicing in a demo account rather than saving all the pain of losses. Concepts such as Moving Averages, Fibonacci levels, Bollinger Bands, etc; are the basic knowledge every trader must have.

But having a good knowledge of these concepts is not everything you need. Fear is your worst enemy. To become a profitable trader, one thing that can free you of this fear is education. As you learn in the ways of the trade, you will find yourself more confident to what trading plans you have. You have to understand that there will be losses and it has happend to the richest traders today. If you truly understand that, there is no way that you can get poor in Forex.

You want to change the way you live for the better? A profitable forex trader must be ready with education and psychological preparation. This is the only way to make the market work in your favor.

Invest in learning Forex. You’ll be glad you did.

Category: Forex Trading

This is all about making a fortune with Forex. Most traders just go with the flow and make average gains, with this article you will learn what makes some traders stand out and a lot richer than others!

We are going to assume that you know how to trade, and has quite an experience in trading.

With simple changes in your trade selection, money and risk management, and mindset, you can change that average gains into larger ones!

Fast money is in Forex, it is a lifestyle. here is it how its done.

Tip 1 . Embrace Changeability and Risk With a Smile

Forex systems have instability.

If you cannot manage and calculate your risk, then don’t ever think about trading in Forex. Many traders back away from forex because of this ( why do you even traded in the first place?). But taking manageable risks has its rewards.

It’s just simple, you know what your losing if ever it doesn’t work out, yet what you gain is unpredictable but sure is high! That is what I call excitement, my friend.

To a well-educated Forex trader, this is something you shouldn’t be afraid of, might as well embrace it.

Tip 2. Trade Less, gain more

Most traders think that if they don’t trade, another door has closed, or miss some move. The tendency, they trade frequently. Most of the trades that come big come a few times in a year. Focus on the trades that make the really big gains. Be alert, and informed.

Tip 3. Diversify is a no-no

Most Investors accept the fact that diversification can make money fast- in reality it does exactly the opposite.

Tip 4. Money and Risk Management

This article has been concentrating on the Big gains, because this is your money, so every penny should be controlled, this is where money management kicks in.

Control your risks, but increase your chances of success:

- give yourself staying power by buying options at or in the money, this prevents you from getting stopped out.

many traders lose not by the market direction, but because they were stopped out by a instable move, and options will give you staying power.

- keep your stop in its original position - until the move is well in profit, before moving it up.

- Trading fast and selectively - have the courage to trade when you feel it is good. and enjoy the cash.

Tip 5. Compound growth has its benefits

the way to make money fast in forex, is to understand the power of compound growth. For example, if you target 50% a year in your trading, you can grow an initial ,000 account, to over a million dollars, in under 10 years.

Break the norm, and gain more. Follow some of these tips and make your way into the big gains!

Category: Forex Trading

Think of this scenario : waking up in a very sunny morning, doing your usual routine, turning on your computer and as a forex trader, you spot a great opportunity to place a trade. After placing a trade, you eat with your family or maybe jog for 15 minutes, by the time you come back, you just earned 00.00. This is what it’s like living the Forex trader life. If you have a job, this can make more than what you earn working 8++ hours for a company or someone.

Forex of course is not for everybody. Like being a president in a company or a driver of a cab, forex may or may not apply to everyone, but those who do earn in their pajamas or spare time.

This field is so exciting in a way, the potential of turning 0 into 00 in 10 minutes in the comfort of your home is just so appealing. You can start small and earn big. I bet, once you earn 00 the first, second or third time, you will be hooked.

This kind of market is not for everyone, if you are not dedicated to change your financial status, more conservative means of earning is for you.But if you are decided to change your financial future on the Forex market, this is a path worth investing on.

Forex charts may at first seem to look like any stock trading chart, but the difference is, the momentum and volatility constantly open doors every minute. Leveraging is one of the advantages of the Forex Market that makes it so special that no other investment has, such as stocks or real estate. Like i said earlier, you can turn 0 into 00 if you have the right arsenal of information and training.

Be warned, this is not the type of home earning potential you can just do like in a snap. It is definitely true that you don’t need any degree to earn in forex, but training and understanding forex is essential if you want to get rich as soon as possible. There is not one product that can proclaim that you will succeed in forex if you use it, because it all relies in you.

Like a college student entering the real world, all the learning in school will be tested. Some may apply, most will not, but a hands-on experience, makes you learn more, makes you do more.

In forex, the right thing to do is :

- Take time to learn, read, listen, watch.
- Take time to practice, practice, practice
- Learn again until you are profitable.

Forex truly is an opportunity worth investing time, effort, and money. There is no opportunity that will let you earn (a lot) in 10 minutes. It truly is exciting, are you up to it? Take your time in learning the Foreign Exchange Currency Market. You won’t regret it.

Category: Forex Trading

Although, the success in the Forex trading is largely associated with the trading strategies and systems that can be usually bought for money, those are not the real tools of the Forex trader. They can only be considered as the «shortcuts to the riches». Every professional should employ his own tools of trade and the Forex traders should have them too. Independent on the professionalism level of the trader, these tools help to analyze the markets and to calculate all the necessary numbers for money management and position taking:

MetaTrader 4 platform — perhaps the most important of the tools, a successful Forex trader should have. Even if you don’t trade with MetaTrader broker you should still download this free platform and use it for charts and technical analysis. With MetaTrader you can browse charts and the past history of almost all currency pairs, you can apply dozens of standard indicators and use the custom user-tailored indicators, you can back-test strategies using their strategy tester and forward-test your systems and expert advisers on the free demo servers. MetaTrader is your number one tool if you want to go beyond the beginner’s level in Forex.

Risk and reward calculator — a helpful tool if you prefer to know your reward-to-risk ratio before opening a real money position and manage your risks correctly. This risk-to-reward calculator will only for the chart patterns with the distinctive local peak and bottom. It’s based on the Fibonacci retracements.

Pip value calculator — it’s not a trivial task to calculate the value of a pip if you trade exotic currency pairs and/or have your trading account in some exotic currency. Understanding the value of the pip is important to accurately calculate your profits and losses. The on-line pip value calculator tool will help you to determine the pip value with the minimum efforts from your side.

Pivot points calculator — this tool will be useful to you only if you prefer to trade using technical pivot levels. There are many types of pivot calculators available — floor pivots, Tom Demark’s pivots, Camarilla pivots, Woodie’s pivots, etc. I suggest you using the on-line pivot point calculator, which combines the calculation of all the possible pivot point types.

Fibonacci calculator — if you trade via the MetaTrader platform you don’t need a separate Fibonacci calculator because you can use the standard indicator to build Fibonacci retracement levels. But if you use some web-based or some other inferior platform, you’ll enjoy calculating the Fibo levels with the on-line Fibonacci calculator.

Category: Forex Trading

Forex trading may become a much easier activity if you follow your own or someone else’s well-formulated guidelines. I’ve based my guidelines on my past Forex trading experience and knowledge gained listening to some of the best stock and Forex traders. What’s important is that the guidelines are not the laws and rules — they are not the only way to success, they just help the traders in their endeavor. Here’s the list of my four Forex trading guidelines:

• Risk only 3% of the total trading capital with each trade. Generally it’s quite hard to come up with the comfortable risk percentage value for your trades if you want to keep a good money management and still let your funds grow at a nice rate. For me 3% is the optimal level — safe enough to save and high enough to gain.
• Reward-to-risk ratio should be no lower than 1. Many currency traders prefer trading with the ratio not less than 2 or even higher. That’s a problem of risk/gain balance too. For me the opportunities with the ratio above 2 are very rare — maybe, because I prefer high accuracy trades. If your accuracy rate is far from 90% than sticking to reward-to-risk ratio of 2 would probably be a better decision.
• Don’t leave the positions open through the weekend. The weekly opening gap can be a killer. Don’t underestimate it. As a swing trader, I prefer to open my positions in the beginning of the week and I always close them before trading ends on Friday. The gap in the price rates that usually occurs after a weekend can make your stop-loss trigger far from the levels you planned it to.
• Wait before opening a new order after you’ve just traded. If you jump into another position right after you closed or opened a previous order is a straight road to overtrading and an empty balance. I always wait some time analyzing opportunities and resting from the Forex market before setting up my next order. Maybe, for the extreme scalpers this isn’t a best decision, but for the absolute majority of the medium-term Forex traders it is.

Category: Forex Trading

A student loan is financial assistance given to students by the financial institutions. Millions of students all over the world need these loans that are specially designed for them to complete their studies. Students who get these loans will be given adequate time by banks to start repayment of these loans. Most of the students will get enough time to become financially stable after getting a job to begin paying back the funds they have received.

Student loans come in different forms that suit the specific requirements of a student who makes the application. Some of these loans offer the applicant subsidized repayment option for the students by allowing them to retain a specific amount.

The authorities who deal with student loans are different in different countries. In India nationalized banks are authorized to handle student loan application. This unique system allows a student in India to get loans from banks under the control of the government. It also allows a student to become familiar with banking transactions at an early age. But when compared to many other countries the banks in India charges more interest from the students who avail themselves of these loans for educational purposes.

In Australia, students depend more on Higher Education Contribution Scheme than any other schemes available for them. Higher Education Contribution Scheme known as HECS choose candidates eligible for loan based on the marks obtained in secondary school final examination.

The United States offers the most diversified forms of student loans than any other country in the world. The student loans now available in the United States can be broadly classified as Federal Student Loans and private student loans. These loans can be gotten by the students themselves or the parents of the students.

Federal student loans in the United States can be applied for by a student or a parent directly from the Federal Government. Students from lower income groups can get subsidies from the government. A direct Federal loan offers six months grace period for a student to start repayment. Almost all students in the country are eligible for these loans irrespective of their academic performance or marks. Stafford Law, Federal Family Education Loans, Ford Direct Student Loans and College Consolidation Loans are the major Federal Direct Loans available in the United States.

The Federal Student Loans available for parents to educate their children are called PLUS or Parent Loans for Undergraduate Students Loans. The parents who get student’s loans will not be given the convenience of grace period. New legislation introduced certain changes in this system by allowing a student to apply for PLUS loans in his own name. Interest rates of these type of loans will normally be higher than other loan.

Category: Loans