Advanced Battery Technologies, Pumped Hydro, Compressed Air, Flow Batteries, and Frequency Regulation for Utility-Scale Storage Applications
The stationary utility energy storage market is very much in its nascent stages. Most industry participants believe that energy storage technologies have a large role to play in the electricity grid of the future. The demand is being driven by several key trends, including the proliferation of intermittent renewable energy sources such as wind and solar, the onset of the smart grid concept, and a shift to plug-in hybrid and electric vehicles, to name just three. Because energy storage technology providers are selling into the slow-moving regulated utility market, the adoption process will be longer than one might predict, given the apparent growing market need. However, over the coming years, energy storage is likely to enjoy significant adoption by utilities in North America and other global markets. ( http://www.bharatbook.com/Market-Research-Reports/Energy-Storage-Technology-Markets.html )
The U.S. Department of Energy estimates that, for every gigawatt of wind capacity added, 17 megawatts of spinning reserves must also be built to account for the system’s variability. Also, utilities are building capacity to meet so-called needle peaks in electricity usage that only occur for a small number of hours each year. It is expensive and inefficient to size capacity to these peaks, and energy storage can play a large role in supplanting peaking generation. However, unlike solar and wind, energy storage technologies have historically received very little support in the form of government subsidies and incentives. This tide is starting to turn, and new commitments from the U.S. government, combined with greater interest from forward-looking utilities, are pointing the way to a strong market opportunity for energy storage.
This report analyzes the global energy storage market opportunity from several key perspectives. It includes a detailed examination of the strengths, weaknesses, technological capabilities, and economics of various energy storage technologies, including an assessment of the market prospects for each. The report also analyzes the market drivers, barriers, and regulatory/legislative issues associated with energy storage markets. In addition, it includes granular market forecasts, segmented by technology and world region, along with profiles of key market participants.
Key questions addressed:
* What is the current size of the Energy Storage technology market by technology and region of the world? * What are the key drivers and inhibitors of growth for Energy Storage technologies? * Which Energy Storage technologies are likely to gain the largest market share in the future and why? * What are the costs of Energy Storage technologies today, and what are the future pricing trends? * What are the key applications for Energy Storage technologies? * Who are the key industry players in the Energy Storage technology market?
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We are the leading information aggregator, facilitates and supports the business information needs. With over 115,000 reports, you can get instant access and insights on the studies in yo for market research , corporate / strategic planning by providing the latest information in the form of reports, journals, magazines and databases on varied industries like automotive, oil and gas, shipping, textiles, pharmaceuticals, energy, banking, finance, insurance, risk management, country intelligence, consumer & durable goods, chemical and more ur areas of interest. Contact us at +91 22 27578668 / 27579438 or email info@bharatbook.com or our website www.bharatbook.com
Compressed Natural Gas and Liquefied Natural Gas: Cars, Light Trucks, and Medium/Heavy Duty Trucks
Natural Gas Vehicle technology is widely available and has been available for purchase in most regions of the world for decades. Governments, fleet managers, and private consumers are recognizing the environmental benefits of lower emissions from NGVs. However, lack of refueling infrastructure has caused NGV demand to stagnate in many countries. In regions where NGVs have strong market performance, adoption is largely due to a combination of inexpensive natural gas, a large number of existing refueling stations, and government subsidies of vehicles, fuel, and infrastructure. ( )
Our assessment of the NGV market points to strong growth in regions where the infrastructure is already supported, which include parts of Europe, Latin America, and the Middle East. It anticipates growing acceptance of NGVs as governments approve climate change treaties and energy security legislation. These factors will contribute to NGV sales growth of 5.5% annually by 2015, though some regions will see growth stunted by greater political support for other transportation alternatives such as electric vehicles, clean diesels, and biofuels.
This report provides an overview of the opportunities and challenges to NGV light-duty cars, trucks, and medium/heavy duty trucks. The report includes a comprehensive assessment of compressed and liquefied natural gas (CNG/LNG) vehicle technologies, including tanks and engine modifications. It also examines key drivers of market growth by fleet customers as well as private consumers. Detailed forecasts are provided for the global vehicle market, global NGV fleet and private consumer sales, NGV refueling stations, and NGV sales by vehicle segments. Key market players are also profiled.
Key questions addressed:
* What vehicle segments are available as NGVs? * What is the outlook for NGV growth within vehicle segments? * What are the key storage tank and engine technologies used in NGVs? * How many NGV refueling stations are there? * How big are NGV markets and how large are these markets expected to grow? * What are the key drivers of growth in the NGV market? * Who are the key industry players in the NGV market?
Who needs this report?
* OEM Vehicle Marketing Managers * NGV Conversion/Upfitter Companies * Vehicle Component Suppliers * Storage Tank Manufacturers * Natural Gas Mining Companies * Natural Gas Utilities * Natural Gas Pipeline and/or Shipping Companies * Biogas (Landfill Gas) Producers * Government Environmental Agencies * Government Transportation Agencies * Environmental Transportation Advocacy Groups * Vehicle Trade Associations * Investor Community
To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/Market-Research-Reports/Natural-Gas-Vehicles.html
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Bharat Book Bureau Tel: +91 22 27578668 Fax: +91 22 27579131 Email: info@bharatbook.com Website: www.bharatbook.com Blog: http://bharatbookresearch.blogspot.com Follow us on twitter: http://twitter.com/3bbharatbook
We are the leading information aggregator, facilitates and supports the business information needs. With over 115,000 reports, you can get instant access and insights on the studies in yo for market research , corporate / strategic planning by providing the latest information in the form of reports, journals, magazines and databases on varied industries like automotive, oil and gas, shipping, textiles, pharmaceuticals, energy, banking, finance, insurance, risk management, country intelligence, consumer & durable goods, chemical and more ur areas of interest. Contact us at +91 22 27578668 / 27579438 or email info@bharatbook.com or our website www.bharatbook.com
In all honesty, whenever I’ve travelled anywhere in the 42 countries I have provided business consultant services in, every business owner and private consultant only relates Liverpool, Merseyside to the two great football teams and the globally recognised band The Beatles.
In reality Merseyside consultants are delivering business strategies for both in-house and outsourced consultancy Merseyside. Just as Liverpool maintains two famous football teams in the UK premier league, it also boasts of a premier league buoyant business consultant industry. Consultant services for just about every north west consultant is exceeding demand.
Any premier league service lives or dies on the strength of the success of the previous consultant work provided. A key performance indicator is whether the support consultant was able to offer far more value than cost,and steer the business he or she was supporting into long term sustainable business growth.
Many factors dictate the success of the consultant services provided. Typically a business owner calls in a UK consultant when their business is growing too slow, or too fast for comfort, known in the consultant industry as boom and bust. Or when a business has hit the financial tipping point, or when a business is in trouble. Or finally when the business is seeking to grow exponentially. I’ll discuss these points later in this article.
It is rare for a business owner to call upon a support consultant or a private consultant when their business is just ticking along nicely. However in reality, every professional north west consultant has identified that this is the precise best time to retain someone from the consultant industry.
Prior to & during 2008, Merseyside consultants and business strategies delivered by consultancy Merseyside came under intense media scrutiny. Investment poured into Liverpool for its European Capital City of Culture status.
Just about every north west consultant was engaged as a support consultant for Merseyside consultant work. Consultant services boomed as local businesses prospered thanks to every uk consultant in the consultant industry.
Many key business strategies were identified by Merseyside consultants, which if applied can assist all others identify business problems before they manifest, and help other businesses turbo charge their business growth.
Merseyside Consultants Outline Consultancy Merseyside Business Strategies #1 Slow Business Growth
It’s no great secret that a very high percentage of new business ventures fail and close down within the first year. This attrition rate continues at high levels for the following two to four years. One of the greatest problems facing new business owners is that they simply don’t know – what they don’t know.
Small to medium business owners fail to realise that one of the things that separates them from larger companies is that they don’t have the benefit of a board of directors.
In reality the added value that most board members bring to a business is individual business skills, which when harnessed as part of a larger business development team, ensures a higher percentage success rate at a quicker pace.
However, when your business is experiencing slow business growth, one of the best business strategies is to tap into the consultant industry and engage a support consultant or a private consultant to assist you in achieving faster business growth.
Consultant services brings added value to a business that is experiencing slow business growth. You may be pleasantly surprised at the low cost of hiring a north west consultant for your consultant work. UK consultant fees are very reasonable in today’s current economic downturn
Merseyside Consultants Outline Consultancy Merseyside Business Strategies #2 Boom And Bust
97% of business owners have never received any formal business academic training in how to be a managing director, or in how to implement business strategies. Every private consultant knows it is the managing director’s role to manage the business, so every UK consultant understands why so many businesses fail in the first 12 months.
Consultant services advise that because of this lack of business training, many managing directors try to run before they have learnt to walk the business walk. Although a proven business growth support consultant once advised me that Impatience is a virtue, this doesn’t count for an inexperienced MD where patience is definitely the virtue required.
As a north west consultant providing consultant work for various businesses this boom and bust is one of the consultant industry greatest problems.
Merseyside Consultants Outline Consultancy Merseyside Business Strategies #3 Business In Trouble
The consultant industry is no stranger to assisting businesses in trouble, and as a north west consultant, I have seen a sharp increase in the number of businesses in trouble.
In this regard, my consultant work and consultant services are geared towards getting the business owner to take two steps backwards in order to take one positive step forward.
I once heard a private consultant in America refer to this as ‘circling the wagons.’ Whatever phrase you assign to it, one thing is certain. The first rule of being in business trouble is to get out of business trouble. Business owners should not be embarrassed about seeking business consultancy advice and support.
Merseyside Consultants Outline Consultancy Merseyside Business Strategies #4 Financial Tipping Point
In my role as a north west consultant two of the last few businesses I provided my consultant services to, had reached what the consultant industry calls the financial tipping point.
This is when a business typically navigates through the most difficult first few years and experiences some initial growth, only to find their annual turnover is not increasing any more. I’ve also heard a UK consultant call this ‘hitting the wall.’ Whichever phrase you use, reaching the financial tipping point is a very precarious period for any business.
Any private consultant or support consultant retained by you to deliver consultant work will advise you that a few companies will bumble along for a year or two at that tipping point. But be advised, that most businesses who have reached the financial tipping point will only spiral downwards into liquidation at a fast rate of Knots.
Merseyside Consultants Outline Consultancy Merseyside Business Strategies #5 Exponential Growth
Any UK consultant worth their salt will understand the importance of getting all the business owners ideas for business growth into a concise strategic plan specifically designed to aid exponential growth.
During the pre-capital culture year in Liverpool, every north west consultant engaged in consultant services would have had much hands on practical experience of this type of consultant work.
In order to get exponential business growth right, a business owner requires expertise from the consultant industry. Retaining a support consultant should only be considered if the UK consultant has proven experience in steering a business or ideally businesses into exponential business growth.
It is sometimes difficult to get this skill set from an individual private consultant unless he or she is affiliated to one of the larger consultancy groups.
The International Business Guru & Growth Consultant grows businesses fast delivering exponential growth, increased turnover & profit margins. He delivers business support to small, medium & large businesses in 42 countries. To claim his FREE business case files e-mail him at drmarkdyates@aol.com
In a power generation facility uninterrupted steam production is vital. It follows logically then that a reliable source of boiler quality feed water is also vitally important. Frequently these days this means the installation and operation of an Industrial Reverse Osmosis (RO) system.
The use of RO in power generation facilities has become increasingly common over the last 15 years, especially in newly built facilities. Reverse Osmosis retrofits to the boiler water pre-treatment systems of large, older power generation facilities are common as well, irrespective of the fuel source.
This article presents 5 operational considerations when purchasing an industrial reverse osmosis system for your Power Generation facility.
Industrial Reverse Osmosis Consideration #1: Focus on the permeate
In Power Generation facilities normally the permeate is the desired water stream. System designs with more than one pass may be needed to ensure that the final product is of the specified purity. Other considerations may include RO redundancy to allow some trains to be removed for cleaning or membrane replacement, boiler makeup demand vs. RO flow rate, the need for an RO water storage tank, both upstream for the RO feed and downstream for the permeate.
Industrial Reverse Osmosis Consideration #2: Sometimes you’ll focus on the reject
If the reject is the desired product, multi-staging may be necessary. In a power plant, wastewater and in some instances cooling tower blow down will be concentrated using multi-staging RO to reduce the total quantity of water that must be treated to final effluent standards.
Industrial Reverse Osmosis Consideration #3: Prevent scaling of the RO membranes by hardness, strontium, or barium
The three most common means of preventing scale build up in Power Generation RO systems are; feeding acid to control pH, installing a softener ahead of the RO system and feeding an antiscalant.
Industrial Reverse Osmosis Consideration #4: Prevent microbiological fouling of the membrane
While generally not as damaging as mineral scale, microbiological fouling can significantly reduce the efficiency of a Reverse Osmosis system. Again, preventing fouling is a far more effective strategy than fouling remediation. Microbiological fouling of Reverse Osmosis systems is generally done by controlling the MB content in the RO feed water to a specified maximum using a biocide.
Industrial Reverse Osmosis Parameter #5: Prevent non-microbiological organic fouling of the RO membrane
This is most successfully done by controlling the COD of the RO feed water. If the RO feed water is plant service water and uncontaminated (or does not contain recycled water or waste water) then the COD is almost always color or decaying vegetation. Both can be removed through proper upstream clarification or an anion exchanger.
If the RO feed water contains a recycled or waste component, then the COD can be almost anything. In this case, proper upstream treatment using secondary (biological) treatment of the waste or recycled stream will be needed to reduce the COD to levels such that non-biological organic fouling of RO membranes does not occur.
An in-depth discussion of Reverse Osmosis design considerations for the Power Generation Industry including tables and drawings can be downloaded in the free 11 page Layne Christensen white paper titled Eleven Things to Consider When Purchasing a Reverse Osmosis System for Your Power Generation Facility.
As a leader in the development of Reverse Osmosis (RO) systems, Layne Christensen Company has the technical expertise to design and build reverse osmosis systems for all of your plant water needs.
Beyond RO, Layne Christensen’s Water Treatment Division Research & Development team focuses on refining and expanding the water treatment methods we currently employ so we can meet the most demanding challenges head-on with innovation.
Your concerns about water quality are Layne’s concerns as well. The Water Treatment Division has been resolving water quality problems for over a half century, installing thousands of treatment systems throughout North America. You can reach our technical experts through our website at www.LayneWater.com or by phone 262.246.4646.
A complete list of design considerations is provided in the free ($97 value) Layne Christensen technical paper. Grab your copy of Design Considerations while they are still available. For additional Reverse Osmosis Information visit Article Source:
In a power generation facility or any industrial facility that uses large amounts of steam, uninterrupted steam production is vital to the facility. Often this means that somewhere upstream of the boiler there is an industrial reverse osmosis system. The purpose of this system is to ensure an uninterrupted source of ultrapure boiler feedwater is also vitally important.
The use of RO in industrial and power generation facilities has become increasingly common over the last 15 years, especially in newly built cogeneration and independent power generation facilities. Reverse Osmosis retrofits to the boiler water pre-treatment systems of older industrial facilities are common as well. This is especially true for base-loaded traditional utility power generation facilities regardless of fuel source.
This article presents 6 operational parameters for your consideration prior to purchasing a Reverse Osmosis system for your Power Generation facility.
Reverse Osmosis Equipment Parameter #1: The Cost of Wastewater Treatment
Wastewater treatment or disposal costs are continually increasing. For those plants where the cost is becoming punitive, it might make more economic sense to design the wastewater RO system with additional stages to reduce wastewater to the minimum possible amount. In some “zero discharge” power generation facilities specialized Reverse Osmosis systems and other equipment such as crystallizers may be required. To provide an example of just how dramatically multi-staging can reduce wastewater volume consider that a 400 gpm, 400 micromho stream can be reduced to just 7.5 gpm with a 3-Stage system! The conductance of course increases dramatically along the way rising from 400 micromho to 21,320 micromho!
Reverse Osmosis Equipment Parameter #2: Choose Either Cellulose Acetate (CA) or Polyamide Composite (PA) RO Membranes
Cellulose Acetate and Polyamide Composite membranes vary widely in the way their physical and chemical resistance. Fluid temperature, pH and chlorine resistance are just 3 examples of fluid characteristics that would make you favor one over the other. Operating pressure is another. CA membranes can operate at significantly higher pressures (greater than 450psi) vs. PA membranes (300psi maximum).
4 RO Feedwater Characteristics and Variability Parameters to Consider
The RO feedwater must meet certain criteria. If not, RO membranes will perform poorly; they will foul quickly, require excessive and expensive cleaning, and may become damaged to the point where they must be replaced prematurely. When this happens permeate water quality and output will decline.
In addition, care must be paid to the variability of the plant service water that feeds the RO system. Surface water can vary seasonally, and during spring run-off, turbidity can increase to well over 500 Nephelometric Turbidity Units (NTU). Even well water can vary in dissolved solids content.
Reverse Osmosis Equipment Parameter #3:
How variable is the plant service water seasonally in dissolved solids, COD (Chemical Oxygen Demand), color, turbidity, temperature, and suspended solids? Is the treatment equipment upstream of the RO system capable of handling any excursions?
Reverse Osmosis Equipment Parameter #4:
For surface water sources, how variable is the plant service water during spring run-off, and during lake turn-over? The turn-over occurs twice annually, when the lake temperature passes through 40° F [4.4° C], the point of maximum water density. During this turbulent time there is a significant increase in suspended solids and turbidity as dirt and silt are stirred up from the bottom.
Reverse Osmosis Equipment Parameter #5:
For a newly drilled well, how stable is the water chemistry? While Total Suspended Solids might remain stable, Total Dissolved Solids can vary seasonally and throughout the life of the well.
Reverse Osmosis Equipment Parameter #6:
Test the Silt Density Index (SDI) frequently. The Silt Density Index is a measure of the fouling tendency of the feedwater to a RO system. Typically, spiral wound reverse osmosis systems will need an SDI less than 5, and hollow fiber RO systems will need an SDI less than 3. If necessary, have a particle size distribution study done on the suspended/colloidal solids in the plant service water and the RO feedwater.
An in-depth discussion of Reverse Osmosis equipment design considerations for the Power Generation Industry including tables and drawings can be downloaded in the free 11 page Layne Christensen white paper titled Eleven Things to Consider When Purchasing a Reverse Osmosis System for Your Power Generation Facility.
As a leader in the development of Reverse Osmosis (RO) systems, Layne Christensen Company has the technical expertise to design and build reverse osmosis systems for all of your plant water needs.
Beyond Reverse Osmosis equipment, Layne Christensen’s Water Treatment Division Research & Development team focuses on refining and expanding the water treatment methods we currently employ so we can meet the most demanding challenges head-on with innovation.
Your concerns about water quality are Layne’s concerns as well. The Water Treatment Division has been resolving water quality problems for over a half century, installing thousands of treatment systems throughout North America. You can reach our technical experts through our website at www.LayneWater.com or by phone 262.246.4646.
A complete list of design considerations is provided in the free ($97 value) Layne Christensen technical paper. Grab your copy of Design Considerations while they are still available. For additional Reverse Osmosis Information visit Article Source:
According to new studies 5 out of 10 marriages will end in divorce. Without going into the typical boring drawn-out discussion on divorce, I’m going to get straight to the point. You are about to learn the top 2 ways to become irresistibly magnetic in the eyes of your wife.
And it will not take a lot of time.
Before you read another word, it is important that you understand one thing. And that is:
I’m going to explain because this may seem obvious.
The truth is many guys are doing all of the wrong things when it comes to becoming more sexually desirable to women.
Many guys out there are buying 4 ton trucks in their attempts to become desirable.
Many guys out there are working out in the gym for 9 hours a day in their attempts to become desirable.
“It is 100% possible to change the way a woman sees you.”
You can change the way a woman sees you for the better.
You can change the way a woman sees you for the worse.
Let’s dive in.
Top Secret Way # 1 – Become a master at getting her in a good and upbeat mood.
In fact if there was a way that you could become invisible, you would notice something.
In other words if you secretly entered the homes of 100 married men (while being invisible), you would notice that over 90 of them initiate sex with their wives while making zero effort in getting her in a positive, upbeat, happy and energetic mood.
You would also observe guys trying to get sex from her while she is tired. You would see these clueless bastards initiating sex on days when she is feeling miserable.
Then you would see the guys getting angry at her when she turns him down for sex.
You would see the guy feeling hurt, sad and rejected.
You would even see these guys eventually thinking about cheating.
You would see these men become weak & insecure creatures before your very eyes!
The truth is getting her in an upbeat mood before initiating makes a lot of sense.
All you need to do is become a master at it. And this is simple as getting her to focus on fun moments that the two of you have shared in the past.
Make her laugh.
Think back to times when you were able to cheer her up or make her laugh and do those things.
Take her out to a comedy club or at a minimum select something funny to watch on TV.
Do you see how it works?
And once you master doing that while combining it with the next tip, magical things will begin to happen.
Top secret way # 2 – L.O.C. (Levels of Communication)
I’ll explain.
Please make sure you listen up, because it’s very important and you will not find this discussed anywhere else.
Once you master LOC, you would see changes in a very short amount of time.
For example: Try to imagine your wife as being 50 different women. You can even pretend all 50 of your wives are walking around in your house.
I’ll explain so that it makes crystal clear sense.
If your wife’s name is Mary, then there are 50 Mary’s walking around.
Mary-1, Mary-2, Mary-3, etc..
Each Mary represents a *different mood*.
Do you see where I am going with this?
For example, Mary-1 could be your wife when she is tired and exhausted.
And Mary-17 could be your wife when she is happy about life, energetic and upbeat about everything.
Wouldn’t you rather have sex with Mary-17?
Isn’t she more likely to want to have sex?
The amazing thing is that your “words” can magically change Mary-1 into Mary-17.
It literally takes milliseconds to move her from a bad mood to a good mood (or vice versa).
Let’s move onto LOC.
The truth is women sometimes say things that don’t make sense to a guy.
A guy will argue with his wife and during the argument he’ll ask himself: “Does she even care about solving the problem?”
If this has ever happened to you, you obviously discovered that there is a difference in communication structure between men and women.
And before I continue, I want you to realize that there is so much twisted up information out there it is sad. If someone told me to make one prediction – it would be that these “how to read body language books” are going to become fazed out in the next 100 years.
And after that, people will start to focus on “communication” as the starting point for understanding women. Any time a guy is seeking to become more sexually desirable in the eyes of women, the results will ALWAYS begin with “communication”.
If you are a man who wants your wife to see you as irresistibly magnetic, then your efforts must begin with communication.
Because if you understand the language differences in a woman, then you will realize that those words have significance because it comes from her brain.
And her brain stores the information that decides whether she will perceive you as sexually desirable.
The secret key to becoming sexually desirable in the eyes of women depends on your ability to affect her mood. And that ability depends on your communication and how well you understand the levels of communication.
Did you find this article useful? For more useful tips and hints, points to ponder and keep in mind, techniques, and insights pertaining to Internet Business, do please browse for more information at our websites.
This article is about money management and trading psychology. This is the lesson that you never get with 99% of other Forex systems that you have come across.
I find it interesting that most of the systems out there don’t include this because if they actually were successful traders, they would know that this was the key to success and to leave it out makes an incomplete system that won’t work!! This tells me that the people that wrote them or are selling them aren’t traders at all. They are just in the business of selling HOPE!
Well, if you haven’t noticed yet, I am a trader, and I am different than the others. Don’t get me wrong, there are honest trainers out there, I learned from one and I am eternally grateful to him.
So let’s get on with this. First of all, this is my own interpretation of several sources, and the practices that have worked for me. Please read EVERYTHING you can find on trading psychology, and money management. There are a lot of slightly different views but overall, they are very similar and the main important points are all pretty much the same.
There are two main issues that cause 99% of the problems. Can you guess what they are? If you answered FEAR and GREED, you are correct. These two emotions are probably responsible for 99% of the worlds problems as well but that is beyond the scope of this course À .
So, now that we know what the big obstacles are, let’s try and figure out how to overcome them. In the course of my lessons, I have listed a few but I will put them all together here in one place so that it is easier to follow, and perhaps make it easier for you to develop your own system to help you trade better.
We can’t eliminate fear and greed. They will still be there in your heart and mind, but we can make some rules so that they don’t interfere with your trading success. We can come up with systems and procedures to follow, since we KNOW ahead of time that fear and greed are major problems. I’m sure you have heard the statistic that 95% of all speculative leveraged traders FAIL. This is absolutely true. Here is another statistic that I believe…100% of traders that don’t know how to overcome fear and greed will FAIL. So does that mean that if I can teach you how to overcome these problems that your chance of success is 100%? Of course not. But I can tell you that you cannot be successful if you don’t protect yourself from yourself.
In lessons 1-3 I have outlined a trading system. The first thing you must do, whether you follow my system, another system, or your own system is to follow the rules of the system WITHOUT FAIL. If your system calls for a certain entry point, do not enter until there is a signal to enter.
Systems are designed for a reason. That is why it is called a system. What do we learn from this? Patience. Perhaps the stupidest thing you can do is enter a trade on a hunch. This brings us to our first FACT:
The odds are in your favor before you enter a trade. This is true for most trading systems. Void of fear and greed, if you follow each system exactly, you will profit. Some systems may offer better profits than others, but overall you should be able to profit with any system, IF you have no fear and no greed.
This brings us to THE BIG SECRET. Other than omitting trading psychology, other systems also don’t tell you that you are playing a game of odds. Let’s say for example that we are playing “coin toss.” Theoretically, for 100 flips of the coin, 50 will come up heads, and 50 will come up tails. Of course, the first 100 may be 55/45, but the more you play, the closer to 50/50 the numbers will get. Our system for “coin toss” is as follows: We play for 20 hours, and flip the coin exactly 5 times each hour, and for every heads that comes up, we get paid $2, and for every tails that comes up we pay $1. This should be a profitable system. After our game we see that heads came up 50 times and tails came up 50 times. (Stay with me here). So at the end of 100 tosses, we have paid $50 and received $100. A profit of $50.
So let’s say that during our second game of coin toss, we decide that we are going to let the flipper(hint: the market is the flipper) keep flipping the coin for an hour while we take lunch but we are not going to pay or be paid for those flips. During our lunch hour, heads comes up 5 times in a row (which is theoretically possible, and not that unlikely). And now we are back from lunch, and we are down $10 for the hour. Now, theoretically the odds of 5 tails in a row coming up after 5 heads in a row are pretty good because for every ten tosses, you should have about 5 heads and five tails. So now we get 5 tails in a row and now we are down another $5, for a total of $15. So not counting the 5 tosses during lunch, this leaves 90 tosses that we still have to account for and let’s say that they were 45 heads and 45 tails. Our profit for these tosses is $45 (45×2 minus 45×1), now if we take away the $15 for the tosses we didn’t take, and that string of losers, we are left with a profit if $30. So lunch and 5 lousy spins cost us 40% of our profits.
Now this is theory but it absolutely applies to this market. If you are picky about what trades you want to take and what trades you don’t want to take, you are MESSING
WITH THE ODDS. My point for this whole big story about “coin toss” is this: If the conditions are met, TAKE THE TRADE without hesitation. The odds are in your favor, but only if you take ALL of the trades that meets the conditions. When I say ALL trades I know the market is open 24 hours a day and you can’t possibly take every trade. You need to pick a time frame and stick to that same time frame everyday and take ALL trades during that time frame.
I can tell you that in the month before I realized this (my first month of trading real money actually), my total profit was 92 pips. I had an idea of what I was doing wrong so I was keeping track of the trades that I didn’t take along with the ones that I did. I included entry point, day, time, and whether the profit target was hit or if it was stopped out. Don’t get me wrong, I was extremely happy to be in profit after trading for only one month with real money. But then I went back and looked at the numbers for “what could have been.” Guess what? Had I taken every trade that met my conditions, my profit for the month would have been 355 pips! I was not happy. But soon I realized that I had messed with the odds. After realizing what I had done wrong (or not done right in this case) I began to have more confidence in my systems. The very next month my total profit was 515 pips, or a 560% improvement just for taking all of the trades that met the conditions. I think that is enough said about that.
Sorry to stay with the coin flip game here but it actually works very well in teaching these principles. This brings us to FACT #2. You do not need to know what is going to happen to make money. If we know that we are going to make $2 fifty times and pay $1 fifty times as long as we flip the coin, are we going to play? Of course! Well, all trading systems have similar odds. From my testing, I know that this system on average will produce 9 wins of 20 pips for every 1 loss of 40 pips (that number may vary but that is the maximum loss I ever take). So we know ahead of time that 9 wins at 20 pips is 180 pips, and minus the loss of 40 pips, leaves us with 140 pips profit. Now keep in mind that you may be 8 and 2 this week and 10 and 0 next week. We never know when a loss is going to come. We may even lose every trade for a week, but not lose a trade for the next 9 weeks. Believe me it happens. You do not need to know exactly what is going to happen, you just need to take every trade that meets the conditions and then count your profits at the end of the month/week/year etc.
This section deals with money management as well as psychology. Back to coin toss for a minute. We know that each win brings us $2. And we know that for each win in this trading system we get 20 pips. We know that each tail that comes up costs us $1. And in our system we know that each loss is 40 pips. If we know what our loss is going to be ahead of time, we know what it is going to cost us to find out “what is going to happen.” From this we can decide how much we want to risk based on our account size.
FACT 3: You know how much it will cost to find out. I have decided not to ever risk more than 5% of my account on any one trade. So knowing that, I can figure out how many lots to trade ahead of time based on my account size. It may cost $250 in margin for a 1 lot position but this is not what we are risking, we are actually risking ten dollars times the number of pips in our stop. If our stop is 40 pips, we are risking $400. Now we know that we better have at least $8000 in our account to take a position of this size. If this trade turns out to be a loser, and our balance falls to $7600, we know that we can’t afford to take that trade again because a loss of $400 is more than 5% of our balance. We would need to adjust our number of lots down accordingly to keep our risk <5%. We also don’t want to increase our lot size to try and make up for that loss. Always reduce your risk if your account balance falls. The next thing we don’t want to do is immediately increase our lot size after a winning trade. It is better to trade at the same lot size for 15 or 30 days at a time before increasing lot size. This allows the account to build steadily without large swings in either direction.
FACT 4: There is a random distribution between wins and losses for any given set of variables that define an edge. Your trading system is your edge, but you never know in what order your wins and losses will come. Be prepared for this and accept the losses, knowing that the odds are still in your favor.
This brings us to our final two facts.
FACT 5: Every moment in the market is unique. Yes we use pattern recognition to define our edge but there are so many variables in this market that it is impossible to ever have the conditions exactly the same as any other moment. You could play 100 games of coin toss and no game will have the exact same order of wins and losses, even though they may have similar outcomes.
FACT 6: Because of fact #5 we know that ANYTHING CAN HAPPEN. This is why it is important to follow the trade rules exactly and play the odds. Every broker/trading system has a disclaimer that says basically “do not trade with money you can’t afford to lose.” The best thing you can do when you open your real money account is to mentally consider that money GONE. If you are not afraid to lose it, you will save a lot of stress and your trading will improve. Only you can determine what you can afford to lose, so just don’t put more in there than you are willing to lose. Compounding is an amazing thing that we will talk about in section 5, and the money will come if you follow the rules. If you start with less, it will just take a little longer but once again you will save a ton of stress.
TRADING WITHOUT FEAR AND GREED
1. I Objectively identify your edges. You have a system here that works, enough said. 2. I Pre-define the risk of every trade. We covered that in FACT #3. 3. I Completely accept the risk. Consider the money GONE.
4. I ACT on my edges without reservation or hesitation. Follow the rules and take every trade that meets the conditions. 5. I pay myself as the market makes money available. Take your 20 pips and be happy, or trail your stop. Even if you are compounding your account, pay yourself something out of your profits each month. It will make you feel better. (On a side note: I take 20 pips for every trade until I am up 200 pips for the month. I do not even think of trailing my stops until I am up 200. Once I am comfortably in profit, I start to look for solid opportunities to trail my stop and grab some extra pips.
Even if they only go 20 and then come back, I still make 5 pips. 20 of those still adds up to another 100 pips.) 6. I continually monitor my susceptibility for making errors. I read Mark Douglas’ book monthly, and make up sheets with my rules on them that I read daily. This helps me to see plain as day when I make a mistake. 7. I understand the absolute necessity of these principles, and therefore I never violate them. I have included a sheet that you can print out to keep near your computer to read every day. Read these facts and rules every day even if you memorized them. Finally,
FOUR STUPID THINGS The first stupid thing you can do is to close a position early because you think it is going to go against you. Just because you have an edge over the market does not mean that price will immediately shoot up or down to your target. Price will move up and down and will even probably move against you before it moves in your favor. If you let FEAR of LOSS get you, you will lose money. If the market is going to take you out, let the market take you out by taking out your stop. That is why it is there. The odds are still in your favor.
The second stupid thing you can do is to close a position early because you don’t think (or you are AFRAID) that it won’t reach your target. If you don’t play the odds properly, you will not realize the full profit potential. What if in our coin toss game we decided that we were going to take our profit for a “heads” at $1 instead of the $2 that we were supposed to get paid? If you remember, our profit was $50 for the first game. If we had only taken $1 for each win, we broke even. That is a lot of effort for nothing. Even worse, if we make some mistakes along the way (we all know that we are perfect traders right?) as we did in game number 2 where our profit was $30, we can lose money by not taking enough profit. Remember that we had a $15 loss for our mistake and 90 spins remaining. If we had taken only $1 for each of our 45 winning spins we would have broke even, minus the $15 puts us down $15 overall instead of being up $30. The system is designed for a 20 pip target, GO FOR IT.
The third stupid thing you can do is to get greedy. As I said in my sales material, if you had shot for 30 pips instead of 20 for the trades I listed, the profit would have been about half of what it was for taking just 20. Interesting how this whole thing works, huh?
Just taking 5 or 10 pips can be considered GREED as well as FEAR since you are so afraid of loss that you get greedy for those 5 or 10 pips compared to the potential loss of 20-40 pips. Don’t let it get you, follow the rules and be happy with your 20 pips.
The fourth stupid thing you can do is move your stop, believing that the market will eventually go in your favor. This is the fastest way to lose money. We are DAY traders. Yes the market may go in your favor but it may move 300 pips the other direction before it does, if it does. This could take weeks or months and you have a limited account balance. If 5% of your account is tied up waiting this position out, guess what. You are missing 20 other opportunities to make money instead of just sitting there waiting, down a hundred pips while you miss the opportunity to make 20 trades for 20 pips each. Maybe you break even, when you could be up 400 pips. JUST DON’T DO IT.
THE BEST THING YOU CAN DO
Once you place your trade, and place your stop and limit, TURN YOUR COMPUTER OFF and go do something else. You are now in automatic mode, and the market will take you out, either for a profit or for a loss. This is the best way to eliminate the temptation to succumb to FEAR or GREED and do something stupid.
The rest is up to you. Only you can decide whether or not to follow the rules and believe in the facts. This lesson is the most important to your success and I hope you won’t take it lightly. If you are trading and following the rules of your system, and not making money, you need to take a look in the mirror. It is not the system that is the problem, it is you. I am not trying to be harsh, but when I was not making money, it was not the system it was me so you are not alone. Don’t give up, because you can be successful if you just work through and figure out the problem.
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Process manufacturing software is the lifeblood of the chemical and food production industries. Products from paint to peanut butter are manufactured using some level of process manufacturing software applications, and for good reason. Process manufacturing software can make the almost impossible task of keeping track of formula characteristics such as the substances used, the units of measure for each substance and formula instructions, as easy as data entry will allow. Considering the large number of products and subsequent calculations most process manufacturers deal with on a daily basis, this is no small feat. Of course, as with any software, there are differences between even the most widely used software applications. These differences are designed to set one company’s process manufacturing software apart from the competition’s software. Some features can prove to be very useful in certain circumstances, while others are cosmetic at best. Unfortunately, many process manufacturers use these differences as the sole factor in deciding on a software distributor. They often overlook customer service. Customer service is one of the most, if not the most, important facets of purchasing process manufacturing software. Not only will the level of customer service a business receives affect the implementation time frame, it can also have an effect on the level of functionality achievable with the software. Processes manufacturing software can be highly complicated, and require training not only to maintain but also to properly utilize. In order to get the full benefit of all available features, personnel must be fluent in the organization and integration of the software as it pertains to their overall business structure. They must also be able to navigate through the various interfaces with a full understanding of the data fields that are displayed. The software distributor should be the entity to provide the level of training necessary to successfully utilize the software they sell. Distributors who offer superior customer service will encourage active participation for an organization’s key personnel at all levels of the software implementation, from analysis to deployment. Purchasing process manufacturing software is quite an endeavor, and all pertinent criteria should be considered. While the differences in the software itself may or may not be a factor in the level of satisfaction a business receives from it’s purchase, the level of customer service the business encounters most certainly will be.
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Y?u need t? understand that my principles and techniques are m?re than meet the?ry; they are based ?n actual chronicle experiences and successes and are pr?ven t? w?rk ?ver and ?ver again in every types ?f markets. N? matter what the circumstance, these success principles module w?rk t? m?ve y?u t?ward financial independence, as l?ng as y?u administer them. Bef?re y?u crapper be wealthy, it is primary t? understand what riches really is. The dicti?nary definiti?n is: An abundance ?f th?se things pe?ple desire. Well being. N?tice that the definiti?n ?f riches d?es n?t menti?n m?ney, n?t modify ?nce. In fact, in Nap?le?n Hill’s fam?us b??k “Think and Gr?w Rich,” he c?mpiled a itemize ?f the dozen things that c?nstitute true riches as rep?rted by s?me ?f the richest pe?ple in the w?rld. There are s? many ?ther things ?n that list, because the acquisiti?n ?f m?ney is much a small part ?f true wealth. There are nine key c?mp?nents t? achieving the riches y?u crave. It has been f?und that pe?ple wh? hit a str?ng spiritual c?nnecti?n are m?re probable t? verify financial risk which is an primary key t? achieving wealth. The sec?nd rattling imp?rtant c?mp?nent f?r riches is a p?sitive mental attitude. Y?u staleness think ab?ut the future a l?t, setting rattling specific and mensurable g?als. Believe that y?u module achieve, and get the results that y?u desire. There are ever pr?blems that c?me up in life, bec?me a pr?blem s?lver and verify acti?n. D?n’t f?rget t? ever gr?w and learn. Y?u module never kn?w it all, but verify advantage ?f every ?pp?rtunity t? see m?re. The third c?mp?nent f?r achieving riches is experience a chronicle ?f s?und fleshly health. N? matter what else is g?ing ?n in y?ur life, y?u crapper n?t enj?y it if y?u are n?t physically healthy. C?ntr?l y?ur nutriti?n, put quality f??d int? y?ur b?dy, after every y?u are what y?u eat. Listen t? y?ur b?dy when it c?mes t? getting the sleep y?u need. Exercise, because y?ur b?dy craves fleshly activity; all?w it the promulgation that it needs. Integrity is the f?urth primary c?mp?nent t? wealth. Y?u staleness devel?p a sense ?f integrity in everything that y?u d? b?th in business and in y?ur s?cial life. D? what y?u feature y?u module d?, closing everything that y?u move and ever sh?w up ?n time. Living in harm?ny with manlike relati?ns is the fifth c?mp?nent. It is imp?rtant t? see h?w t? satisfy ?ther’s needs. Disc?ver what matters t? them and pay instance with them d?ing th?se things. The sixth c?mp?nent f?r achieving riches is the c?ncept ?f self mastery. Y?u staleness c?mmit y?urself t? a plan f?r y?ur chronicle and hit the discipline t? administer the daily habits that y?u need t? succeed. It crapper be scary at times, y?u staleness hit the c?urage t? ?verc?me the fear and the persistence t? never provide up n? matter what is thr?wn in y?ur way. Be ruthless with y?ur time, and ?verc?me the lure ?f laziness when things bec?me t?? c?mf?rtable. Av?id arr?gance and devel?p a thankful heart, ever existence thankful f?r what y?u have. Ab?ve every else, hit fun with y?urself and y?ur life. One ?f the m?st imp?rtant c?ncepts ?f riches is sort seven; financial independence. Set a budget f?r y?urself and springy within y?ur means. It is s? easy t? pay m?ney y?u d?n’t have, but y?u staleness create a financial plan and springy within it. F?ll?w y?ur passi?n, because d?ing w?rk y?u enj?y module ultimately attain y?u m?re successful and pr?ductive. Start investing y?ur m?ney and attain it w?rk smarter f?r y?u. Y?u module kn?w that y?u hit reached financial independence when y?ur passive and p?rtf?li? inc?me top y?ur expenses. The eighth c?mp?nent ?f riches is the desire and willingness t? provide ?f y?urself and y?ur m?ney. The wealthiest pe?ple in the w?rld kn?w that giving t? ?thers creates a sense ?f security and peace because what y?u provide t? ?thers module return t? y?u decade f?ld. The ninth and last c?mp?nent ?f achieving true riches is als? ?ne ?f the m?st imp?rtant. Y?u staleness disc?ver and springy y?ur true and unequalled purp?se in life. Every?ne has a unequalled reas?n that they are ?n this earth, and when y?u disc?ver it and begin experience it, y?u module truly disc?ver y?ur passi?n. When y?u springy y?ur passi?n and devel?p y?ur talents and gifts t? the fullest, y?u module then be healthy t? experience actual wealth.
Y?u need t? understand that my principles and techniques are m?re than meet the?ry; they are based ?n actual chronicle experiences and successes and are pr?ven t? w?rk ?ver and ?ver again in every types ?f markets. N? matter what the circumstance, these success principles module w?rk t? m?ve y?u t?ward financial independence, as l?ng as y?u administer them.
Bef?re y?u crapper be wealthy, it is primary t? understand what riches really is. The dicti?nary definiti?n is: An abundance ?f th?se things pe?ple desire. Well being. N?tice that the definiti?n ?f riches d?es n?t menti?n m?ney, n?t modify ?nce. In fact, in Nap?le?n Hill’s fam?us b??k “Think and Gr?w Rich,” he c?mpiled a itemize ?f the dozen things that c?nstitute true riches as rep?rted by s?me ?f the richest pe?ple in the w?rld.
There are s? many ?ther things ?n that list, because the acquisiti?n ?f m?ney is much a small part ?f true wealth. There are nine key c?mp?nents t? achieving the riches y?u crave.
It has been f?und that pe?ple wh? hit a str?ng spiritual c?nnecti?n are m?re probable t? verify financial risk which is an primary key t? achieving wealth.
The sec?nd rattling imp?rtant c?mp?nent f?r riches is a p?sitive mental attitude. Y?u staleness think ab?ut the future a l?t, setting rattling specific and mensurable g?als. Believe that y?u module achieve, and get the results that y?u desire. There are ever pr?blems that c?me up in life, bec?me a pr?blem s?lver and verify acti?n. D?n’t f?rget t? ever gr?w and learn. Y?u module never kn?w it all, but verify advantage ?f every ?pp?rtunity t? see m?re.
The third c?mp?nent f?r achieving riches is experience a chronicle ?f s?und fleshly health. N? matter what else is g?ing ?n in y?ur life, y?u crapper n?t enj?y it if y?u are n?t physically healthy. C?ntr?l y?ur nutriti?n, put quality f??d int? y?ur b?dy, after every y?u are what y?u eat. Listen t? y?ur b?dy when it c?mes t? getting the sleep y?u need. Exercise, because y?ur b?dy craves fleshly activity; all?w it the promulgation that it needs.
Integrity is the f?urth primary c?mp?nent t? wealth. Y?u staleness devel?p a sense ?f integrity in everything that y?u d? b?th in business and in y?ur s?cial life. D? what y?u feature y?u module d?, closing everything that y?u move and ever sh?w up ?n time.
Living in harm?ny with manlike relati?ns is the fifth c?mp?nent. It is imp?rtant t? see h?w t? satisfy ?ther’s needs. Disc?ver what matters t? them and pay instance with them d?ing th?se things.
The sixth c?mp?nent f?r achieving riches is the c?ncept ?f self mastery. Y?u staleness c?mmit y?urself t? a plan f?r y?ur chronicle and hit the discipline t? administer the daily habits that y?u need t? succeed. It crapper be scary at times, y?u staleness hit the c?urage t? ?verc?me the fear and the persistence t? never provide up n? matter what is thr?wn in y?ur way. Be ruthless with y?ur time, and ?verc?me the lure ?f laziness when things bec?me t?? c?mf?rtable. Av?id arr?gance and devel?p a thankful heart, ever existence thankful f?r what y?u have. Ab?ve every else, hit fun with y?urself and y?ur life.
One ?f the m?st imp?rtant c?ncepts ?f riches is sort seven; financial independence. Set a budget f?r y?urself and springy within y?ur means. It is s? easy t? pay m?ney y?u d?n’t have, but y?u staleness create a financial plan and springy within it. F?ll?w y?ur passi?n, because d?ing w?rk y?u enj?y module ultimately attain y?u m?re successful and pr?ductive. Start investing y?ur m?ney and attain it w?rk smarter f?r y?u. Y?u module kn?w that y?u hit reached financial independence when y?ur passive and p?rtf?li? inc?me top y?ur expenses.
The eighth c?mp?nent ?f riches is the desire and willingness t? provide ?f y?urself and y?ur m?ney. The wealthiest pe?ple in the w?rld kn?w that giving t? ?thers creates a sense ?f security and peace because what y?u provide t? ?thers module return t? y?u decade f?ld.
The ninth and last c?mp?nent ?f achieving true riches is als? ?ne ?f the m?st imp?rtant. Y?u staleness disc?ver and springy y?ur true and unequalled purp?se in life. Every?ne has a unequalled reas?n that they are ?n this earth, and when y?u disc?ver it and begin experience it, y?u module truly disc?ver y?ur passi?n. When y?u springy y?ur passi?n and devel?p y?ur talents and gifts t? the fullest, y?u module then be healthy t? experience actual wealth.
P N Vijay Financial Services Private Limited provides , , and Mutual Fund Advice.
Solar panels that capture the abundance of energy sent to us each and every day can be just the relief we need from the high cost of electricity. It almost seems like a crime to turn our backs on this wonderful gift of more free energy than we can possibly use. This is especially true today because it is possible to build your own solar panel with simple tools for less than $200. These homemade solar generators are capable of reducing household electricity costs by 50% or more.
How Do Solar Panels Work?
Photons, the energetic particles found in sunlight, strike the individual solar cells and bump electrons out of place. The electrons are, in effect, pushed out of the cell and into the wires that connect all the cells together. Ideally each cell will generate about .5 volts of electrical pressure. 80 solar cells wired together in one panel should generate about 100 watts of power.
The Secret Of Making Cheap Solar Panels
The secret to making an inexpensive solar panel is in scrounging for low cost or free solar cells. The lower the cost of this project the faster it will pay for itself. Using your own labor to assemble free solar cells into just one panel should pay back the original costs in just a few months. Buying a brand new pre-assembled and installed panel for over a $1000 might take 5 -10 times longer.
The Parts Of The Complete Solar Panel System
Plan A: This is the simplest system. The direct current DC electrical output from the solar panel goes to a bank of deep cycle batteries for storage. The batteries are then connected to an inverter that converts the DC Current to the kind of alternating current that most household appliances require. This is then wired to directly power a specific group of appliances completely separate from the house wiring.
Plan B: Takes the above system a step further by connecting to the electrical wiring in your house at the main fuse box. Legally, this step almost always has do be performed by a certified electrician.
Plan C: This system works completely off the grid for homes that have no electric power coming to their home at all. The key element here is to have back-up sources of power interconnected with the solar panels for supplying power on days that there is no sun. Windmill generators and gas powered generators often serve as additional sources of power.
The Advantages Of Solar Panel Systems
Besides providing almost free electricity, solar panel systems are quiet, non-polluting, low maintenance, safe and if properly weatherproofed could last up to 50 years. They can also be a life saver if you live too far from the electric grid to economically afford to extend the transmission lines to your location. If you tie into the electric grid, it is even possible to get paid by the power companies for any electricity generated over and above your personal needs.
The Need For A Good Plan
Despite the simplicity of a building your own solar panels, it is important to have a complete set of plans. Good plans should, at the bare minimum include the following:
1. Ideally these set of plans will originate from authors that have successfully built and used solar panels themselves. 2. The plans should give a brief background of simple electrical terms like watt, volt and amps. 3. A detailed explanation of the different types of solar cells and exactly where to find them. 4. Wiring diagrams for understanding how to wire the individual cells together. 5. How to build a protective case. 6. How to run this power into your house directly to certain appliances or to hook up to the current household wiring.
The simplicity of capturing the suns daily gift of free energy to reduce or even eliminate your electric bill is almost unbelievable. Equally amazing is the fact that we live in an age where low cost used solar cells are abundant. Is it time for you to take the energy crisis in your own hands? Take the easy first step and download your own plans for building solar panels.
Best Residential Solar Energy Systems and other Related Resources: