NPLs are under control, says deputy finance minister

Monday, March 29th, 2010 16:21:00 KUALA LUMPUR: The Malaysian banking system, which has weathered the global financial storm, has proven more resilient than its counterparts, Deputy Finance Minister Datuk Chor Chee Heong told Parliament this morning. “Our Non-Performing Loans (NPL) is better than Singapore’s. Although I don’t have the statistics for Singapore, it is not less than ours,” he said …

Controlling Forex trader stress is about understanding a few simple facts. First one being that stress is caused by one’s response to an event or situation. If you can control the response – you can control the stress! If the day is particularly tough and the trades are doing badly, just keep your cool and wait for the winds to change. If you have traded beyond your means, the stress is natural but you can change nothing about it now but for learning the lesson – to trade within your means the next time. The Forex market is ever changing. This constant movement is a major source of stress for majority of Forex trading individuals. Which hardly means that a trader’s life will always be full of stress? Using Trading System is very important tool to beat stress. A trading system helps to limit a Forex broker’s response to change. Using Trading System also helps to get rid of stress because a trading system can help a trader know when to buy and sell currency and at what prices, the system will help him decide how long to hold the currency, when to book profit and when to cut losses and place stop loss instructions. The movements of the market will not affect him adversely and result in stress for the trader who uses trading system. This way he focuses his attention on the trading system rather than the erratic movements of the Forex market. A trading system is a stress-reducing tool for forex traders. Working around the trading schedule: Most traders feel that they should be actively trading in the Forex market on an on going basis. Whereas ideally a trader should be trading as per his own schedule rather than whenever the market is open. Forex traders undergo stress also because the forex trading signals market is open round the clock unlike the share market and when he is not trading he feels he is losing out on opportunities. With a properly worked out trading schedule, a trader is likely to undergo less stress. A trading schedule helps the trader take control over trading activities. Most importantly, when a trader has worked out a schedule, he should make a commitment and stick with it. Thus he can control his days far better. And the third thing to control Forex trading stress is to set goal for oneself. It helps you stay focused. Trading goals will help traders to place the trades they do in perspective. Forex trader will however have to make sure that the goals he sets are not vague.