The Certified CPM Architect Exam is designed to prepare you for the Pegasystems Certified Technology Specialist (MCTS). The credits Certified CPM Architect Exam earned for the course will enable you to register for the MCTS course without necessarily sitting for another exam.
Course Description
In contrast to other Certified CPM Architect Pegasystems certification exams, the Certified CPM Architect Exam is specially designed to gauge a candidate's knowledge when it comes to completing technical tasks such as PEGACCA configuration and PEGACCA maintenance of the active directory environment. The Windows Server 2008 Active, Director Exam will enable you to earn the amount of credit required towards becoming an MCTS Pegasystems PEGACCA Certified Technology Specialist.
The course which is also commonly Certified CPM Architect referred to as Pegasystems PEGACCA Certified CPM Architect Exam Exam can also enable you to earn enough credits to sit for MCITP Pegasystems PEGACCA Certified IT Professional (Enterprise Administrator). Excelling in the course enables you to be ready for numerous job positions, for example, technical support specialist, system administrator or PRPC v6.2 Certified System Architect Exam network administrator. This type of course Certified CPM Architect is suitable for IT students or PEGACCA professionals in other Certified CPM Architect fields who would like to get a job in a complex ICT environment. These types of IT setups are usually found in medium to large businesses PEGACCA.
Course prerequisites
Unlike other PEGACSA_v6.2 exams administered by Pegasystems PRPC v6.2 Certified System Architect Exam, there are no particular conditions for enrolling for the Pegasystems PEGACCA Certified CPM Architect Exam Exam. Nevertheless, it is highly recommended that you gain at least one year of experience working in an ICT environment. In addition, persons PEGACSA_v6.2 registering for Pegasystems PEGACCA Certified Technology Specialist (MCTS) PEGACCA certification course ought to have at least 12 months of PRPC v6.2 Certified System Architect Exam experience not only in implementing, but managing a network OS in an office environment PEGACCA which comprises of, but not limited to 250 users, three geographical locations and three domain controllers.
Pegasystems PEGACCA Exam PRPC v6.2 Certified System Architect
Exam Expectations
The Certified CPM Architect Exam is made up of multiple choice questions, build list and reorder, hot area as well as build a tree question. While sitting for the PEGACCA exam, you may realize that some of the Certified CPM Architect Exam questions PEGACSA_v6.2 are adaptive. In addition, you may notice that there are couple of simulation questions tested. In comparison to PRPC v6.2 Certified System Architect Exam certification exams, you will not come across a case study like queries. In order to excel in the PEGACCA exam, you need to score a minimum of 700 points out of a Certified CPM Architect possible 1000 points. To score at least 700 points, you need to attempt roughly 55 questions in not more than 120 minutes.
Getting Ready for the Pegasystems PEGACCA Exam
Prior to sitting for any PEGACCA examination, you need to prepare in advance to guarantee success. The preparation PEGACSA_v6.2 process entails an understanding of the basics, and proper comprehension of the implementation process. Most Certified CPM Architect candidates registering for the PEGACSA_v6.2 PRPC v6.2 Certified System Architect Exam exam often find it challenging trying to collect the proper resources needed to excel in the exam as there are hundreds of study PEGACSA_v6.2 Certified CPM Architect materials accessible in the market. When searching for a study guide to assist you with Certified CPM Architect preparing for the Pegasystems PRPC v6.2 Certified System Architect Exam PEGACCA Exam, look for a suitable study material which offers candidates with proper awareness of the hypotheses outlined in the exam. In addition, the study material ought to make it easy to understand the information PEGACSA_v6.2.
Topics Covered
The following are the Certified CPM Architect different types of topics that are covered in the Certified CPM Architect Exam: Configuring forest and domains Certified CPM Architect, Configure backup and recovery and PEGACSA_v6.2 Configuring Additional Active Directory Server Roles.
Saturday, June 30, 2012
Thursday, June 28, 2012
Obama Commission Recommends End to Subsidized Student Loans
The National Commission on Fiscal Responsibility and Reform has issued a report that recommends the elimination of subsidized federal student loans in order to reduce federal spending. The recommendation is one of 50 that the bipartisan panel, which was created by President Obama and charged with finding ways to reduce the federal deficit, brought forward.
Federal subsidized student loans are government-issued student loans () on which the government pays --subsidizes -- the interest while a student is in school or in an approved deferment period. During deferment periods, which are granted on a case-by-case basis when a student loan borrower is experiencing financial hardship or other extenuating circumstances, the borrower isn't required to make principal or interest payments on his or her federal college loans.
Subsidized student loans, awarded on the basis of financial need, are available to low-income students and students from low-income families. The President's fiscal commission estimates that eliminating the federal interest payments on these subsidized college loans would save about billion annually.
The proposal to eliminate subsidized federal student loans isn't a recommendation to shutter the federal student loan program altogether. Federally funded student loans are also available in an unsubsidized form, and these unsubsidized student loans are awarded to eligible students, regardless of income bracket, who qualify for federal college financial aid to help them pay for college.
>> Do Student Loan Subsidies Benefit Students?
A growing number of policy groups support dispensing with federally subsidized student loans. The College Board recommended the same move in 2008, and some Democratic lawmakers also included the elimination of subsidized student loans in the initial draft of the student loan reforms that were enacted in 2009. The provision was dropped after student advocates and higher education lobbyists successfully persuaded House Democrats to retain the student loan subsidies.
Supporters of dropping the subsidized interest benefit say that subsidized student loans don't do anything to make college more accessible to the low-income students to whom the loans are awarded, since borrowers don't reap the benefit of the subsidy until after they've graduated.
Others who support the move to do away with subsidized student loans argue that student borrowers shouldn't receive a benefit designed to reduce student loan debt that's based on what the borrower's family income was 10 or 20 years earlier.
Instead, proponents contend, already-available flexible student loan repayment plans like income-dependent payments, graduated payments, and repayment term extensions are more effective and fairer.
A new income-based repayment plan (), instituted last year, is based on the student loan borrower's post-graduation income, a better measure of a borrower's long-term financial outlook.
Graduated repayment, in which a student loan borrower's monthly payments start out low and gradually increase every two years -- designed for borrowers who expect their income to increase steadily over time -- is available to all borrowers of federal college loans, regardless of their family income at the time they attended college.
>> More Proposed Changes to Federal College Financial Aid
Eliminating federal student loan interest subsidies isn't the only change the fiscal commission recommends. The commission's deficit-reduction proposal would also put an end to payments to colleges and universities for the administration of campus-based federal financial aid programs ().
Colleges and universities administer certain federal financial aid awards locally --Supplemental Educational Opportunity Grants, Perkins loans, and federally funded work-study programs. A school may retain as much as 5 percent of the federal financial aid funds provided for these programs to cover the cost of administration. Institutions that distribute federal Pell Grants also receive a small fixed payment to cover administrative costs.
Under the proposed deficit-reduction plan, the 5-percent administrative fee would be eliminated, and all federal funds would be delivered in the form of student financial aid, with no portion of those funds being siphoned away any longer in the form of administrative costs.
The commission's rationale for eliminating these administrative fees is that colleges and universities benefit from federal grant programs because, unlike college loans, the federal grant dollars effectively increase enrollment by making college more affordable for students.
>> From Policy Proposal to National Law
The fiscal commission doesn't have the final say on which recommended reforms are enacted. Currently, the commission's report is in draft form. The commission must prepare a final recommendation no later than Dec. 1, 2010, and the final draft must have the approval of at least 14 of the commission's 18 members.
Once the report is finalized and presented to the White House, legislators are expected to take up the recommendations and convert them into legislative mandates.
The commission's recommendations are designed to balance the federal budget by 2015. If adopted, the recommendations would involve a broad set of austerity measures, including both spending cuts and tax reforms.
Federal subsidized student loans are government-issued student loans () on which the government pays --subsidizes -- the interest while a student is in school or in an approved deferment period. During deferment periods, which are granted on a case-by-case basis when a student loan borrower is experiencing financial hardship or other extenuating circumstances, the borrower isn't required to make principal or interest payments on his or her federal college loans.
Subsidized student loans, awarded on the basis of financial need, are available to low-income students and students from low-income families. The President's fiscal commission estimates that eliminating the federal interest payments on these subsidized college loans would save about billion annually.
The proposal to eliminate subsidized federal student loans isn't a recommendation to shutter the federal student loan program altogether. Federally funded student loans are also available in an unsubsidized form, and these unsubsidized student loans are awarded to eligible students, regardless of income bracket, who qualify for federal college financial aid to help them pay for college.
>> Do Student Loan Subsidies Benefit Students?
A growing number of policy groups support dispensing with federally subsidized student loans. The College Board recommended the same move in 2008, and some Democratic lawmakers also included the elimination of subsidized student loans in the initial draft of the student loan reforms that were enacted in 2009. The provision was dropped after student advocates and higher education lobbyists successfully persuaded House Democrats to retain the student loan subsidies.
Supporters of dropping the subsidized interest benefit say that subsidized student loans don't do anything to make college more accessible to the low-income students to whom the loans are awarded, since borrowers don't reap the benefit of the subsidy until after they've graduated.
Others who support the move to do away with subsidized student loans argue that student borrowers shouldn't receive a benefit designed to reduce student loan debt that's based on what the borrower's family income was 10 or 20 years earlier.
Instead, proponents contend, already-available flexible student loan repayment plans like income-dependent payments, graduated payments, and repayment term extensions are more effective and fairer.
A new income-based repayment plan (), instituted last year, is based on the student loan borrower's post-graduation income, a better measure of a borrower's long-term financial outlook.
Graduated repayment, in which a student loan borrower's monthly payments start out low and gradually increase every two years -- designed for borrowers who expect their income to increase steadily over time -- is available to all borrowers of federal college loans, regardless of their family income at the time they attended college.
>> More Proposed Changes to Federal College Financial Aid
Eliminating federal student loan interest subsidies isn't the only change the fiscal commission recommends. The commission's deficit-reduction proposal would also put an end to payments to colleges and universities for the administration of campus-based federal financial aid programs ().
Colleges and universities administer certain federal financial aid awards locally --Supplemental Educational Opportunity Grants, Perkins loans, and federally funded work-study programs. A school may retain as much as 5 percent of the federal financial aid funds provided for these programs to cover the cost of administration. Institutions that distribute federal Pell Grants also receive a small fixed payment to cover administrative costs.
Under the proposed deficit-reduction plan, the 5-percent administrative fee would be eliminated, and all federal funds would be delivered in the form of student financial aid, with no portion of those funds being siphoned away any longer in the form of administrative costs.
The commission's rationale for eliminating these administrative fees is that colleges and universities benefit from federal grant programs because, unlike college loans, the federal grant dollars effectively increase enrollment by making college more affordable for students.
>> From Policy Proposal to National Law
The fiscal commission doesn't have the final say on which recommended reforms are enacted. Currently, the commission's report is in draft form. The commission must prepare a final recommendation no later than Dec. 1, 2010, and the final draft must have the approval of at least 14 of the commission's 18 members.
Once the report is finalized and presented to the White House, legislators are expected to take up the recommendations and convert them into legislative mandates.
The commission's recommendations are designed to balance the federal budget by 2015. If adopted, the recommendations would involve a broad set of austerity measures, including both spending cuts and tax reforms.
Wednesday, June 27, 2012
00m-639 Big Data Sales Mastery Test V1 Exam
Course Description
In contrast to other IBM Mastery IBM certification exams, the Big Data Sales Mastery Test v1 Exam is specially designed to gauge a candidate's knowledge when it comes to completing technical tasks such as 00M-639 configuration and 00M-639 maintenance of the active directory environment. The Windows Server 2008 Active, Director Exam will enable you to earn the amount of credit required towards becoming an MCTS IBM 00M-639 Certified Technology Specialist.
The course which is also commonly IBM Mastery referred to as IBM 00M-639 Big Data Sales Mastery Test v1 Exam Exam can also enable you to earn enough credits to sit for MCITP IBM 00M-639 Certified IT Professional (Enterprise Administrator). Excelling in the course enables you to be ready for numerous job positions, for example, technical support specialist, system administrator or WebSphere Application Server Network Deployment V6.1 Core Administration Exam network administrator. This type of course IBM Mastery is suitable for IT students or 00M-639 professionals in other IBM Mastery fields who would like to get a job in a complex ICT environment. These types of IT setups are usually found in medium to large businesses .
Course prerequisites
Unlike other 000-253 exams administered by IBM WebSphere Application Server Network Deployment V6.1 Core Administration Exam, there are no particular conditions for enrolling for the IBM 00M-639 Big Data Sales Mastery Test v1 Exam Exam. Nevertheless, it is highly recommended that you gain at least one year of experience working in an ICT environment. In addition, persons 000-253 registering for IBM 00M-639 Certified Technology Specialist (MCTS) 00M-639 certification course ought to have at least 12 months of WebSphere Application Server Network Deployment V6.1 Core Administration Exam experience not only in implementing, but managing a network OS in an office environment 00M-639 which comprises of, but not limited to 250 users, three geographical locations and three domain controllers.
IBM 00M-639 Exam WebSphere Application Server Network Deployment V6.1 Core Administration Exam Expectations
The Big Data Sales Mastery Test v1 Exam is made up of multiple choice questions, build list and reorder, hot area as well as build a tree question. While sitting for the 00M-639 exam, you may realize that some of the Big Data Sales Mastery Test v1 Exam questions 000-253 are adaptive. In addition, you may notice that there are couple of simulation questions tested. In comparison to WebSphere Application Server Network Deployment V6.1 Core Administration Exam certification exams, you will not come across a case study like queries. In order to excel in the 00M-639 exam, you need to score a minimum of 700 points out of a IBM Mastery possible 1000 points. To score at least 700 points, you need to attempt roughly 55 questions in not more than 120 minutes.
Getting Ready for the IBM 00M-639 Exam
Prior to sitting for any 00M-639 examination, you need to prepare in advance to guarantee success. The preparation 000-253 process entails an understanding of the basics, and proper comprehension of the implementation process. Most IBM Mastery candidates registering for the 000-253 WebSphere Application Server Network Deployment V6.1 Core Administration Exam exam often find it challenging trying to collect the proper resources needed to excel in the exam as there are hundreds of study 000-253 IBM Mastery materials accessible in the market. When searching for a study guide to assist you with IBM Mastery preparing for the IBM WebSphere Application Server Network Deployment V6.1 Core Administration Exam 00M-639 Exam, look for a suitable study material which offers candidates with proper awareness of the hypotheses outlined in the exam. In addition, the study material ought to make it easy to understand the information.
Topics Covered
The following are the IBM Mastery different types of topics that are covered in the Big Data Sales Mastery Test v1 Exam: Configuring forest and domains IBM Mastery, Configure backup and recovery and 000-253 Configuring Additional Active Directory Server Roles.
In contrast to other IBM Mastery IBM certification exams, the Big Data Sales Mastery Test v1 Exam is specially designed to gauge a candidate's knowledge when it comes to completing technical tasks such as 00M-639 configuration and 00M-639 maintenance of the active directory environment. The Windows Server 2008 Active, Director Exam will enable you to earn the amount of credit required towards becoming an MCTS IBM 00M-639 Certified Technology Specialist.
The course which is also commonly IBM Mastery referred to as IBM 00M-639 Big Data Sales Mastery Test v1 Exam Exam can also enable you to earn enough credits to sit for MCITP IBM 00M-639 Certified IT Professional (Enterprise Administrator). Excelling in the course enables you to be ready for numerous job positions, for example, technical support specialist, system administrator or WebSphere Application Server Network Deployment V6.1 Core Administration Exam network administrator. This type of course IBM Mastery is suitable for IT students or 00M-639 professionals in other IBM Mastery fields who would like to get a job in a complex ICT environment. These types of IT setups are usually found in medium to large businesses .
Course prerequisites
Unlike other 000-253 exams administered by IBM WebSphere Application Server Network Deployment V6.1 Core Administration Exam, there are no particular conditions for enrolling for the IBM 00M-639 Big Data Sales Mastery Test v1 Exam Exam. Nevertheless, it is highly recommended that you gain at least one year of experience working in an ICT environment. In addition, persons 000-253 registering for IBM 00M-639 Certified Technology Specialist (MCTS) 00M-639 certification course ought to have at least 12 months of WebSphere Application Server Network Deployment V6.1 Core Administration Exam experience not only in implementing, but managing a network OS in an office environment 00M-639 which comprises of, but not limited to 250 users, three geographical locations and three domain controllers.
IBM 00M-639 Exam WebSphere Application Server Network Deployment V6.1 Core Administration Exam Expectations
The Big Data Sales Mastery Test v1 Exam is made up of multiple choice questions, build list and reorder, hot area as well as build a tree question. While sitting for the 00M-639 exam, you may realize that some of the Big Data Sales Mastery Test v1 Exam questions 000-253 are adaptive. In addition, you may notice that there are couple of simulation questions tested. In comparison to WebSphere Application Server Network Deployment V6.1 Core Administration Exam certification exams, you will not come across a case study like queries. In order to excel in the 00M-639 exam, you need to score a minimum of 700 points out of a IBM Mastery possible 1000 points. To score at least 700 points, you need to attempt roughly 55 questions in not more than 120 minutes.
Getting Ready for the IBM 00M-639 Exam
Prior to sitting for any 00M-639 examination, you need to prepare in advance to guarantee success. The preparation 000-253 process entails an understanding of the basics, and proper comprehension of the implementation process. Most IBM Mastery candidates registering for the 000-253 WebSphere Application Server Network Deployment V6.1 Core Administration Exam exam often find it challenging trying to collect the proper resources needed to excel in the exam as there are hundreds of study 000-253 IBM Mastery materials accessible in the market. When searching for a study guide to assist you with IBM Mastery preparing for the IBM WebSphere Application Server Network Deployment V6.1 Core Administration Exam 00M-639 Exam, look for a suitable study material which offers candidates with proper awareness of the hypotheses outlined in the exam. In addition, the study material ought to make it easy to understand the information.
Topics Covered
The following are the IBM Mastery different types of topics that are covered in the Big Data Sales Mastery Test v1 Exam: Configuring forest and domains IBM Mastery, Configure backup and recovery and 000-253 Configuring Additional Active Directory Server Roles.
Monday, June 25, 2012
Pay Off Payday Loans To Begin Your Fight Against Debt
Falling behind on your credit cards, online payday loans, car payments or home mortgage? Financial stress can interfere with your physical and mental health. Your psychological health can be crucial when you are trying to straighten up your finances. When you are feeling that stress, making short goals with quick rewards can help boost your spirits giving you additional incentive for making good money decisions.
Many people would suggest that you fight against your largest debt first. This is one way of working on your budget, but it may just add to your stresses. Fighting the biggest opponent when you first step into the debt battlefield may be overwhelming and chaotic. It is chaotic in the sense that while you are focusing your attention on the largest chunk in an uphill battle, there are still many other smaller ones circling around trying to get their jabs into you in order to claim their payments. In boxing, the fighter starts with the lower skilled opponents and will work their way up the ladder to fight the title defender. New approaches are learned along the way building up skill level. If a beginner starts out fighting against the top dog, the agony of defeat may potentially keep the loser down and out of the ring.
Get rid of payday loans debt first. Fight against the small guys first and payoff any short-term payday loans you may have open with unpaid balances. Freeing yourself of smaller opponents will begin to clear out the battle zone one creditor at a time. The less you see coming at you, the better you will start to feel psychologically. Yes, the big debt is still lurking, but it will be easier to focus on it once the smaller ones have been paid off.
Begin paying off the smaller debts. Don't let interest rates affect your decision unless there are some with similar balances and you need a tie breaker as to which one will go first. When you pay off the small debt, the money amount you were spending gets added to the next bill to be paid off. Each time you do this, the money amount which is being applied towards your selected debt increases in value which will end up making you stronger to take down the big guns. Build your skill and your strategy to be more effective towards the stronger opponents. Sounds like a winning plan of attack!
Building your financial confidence will begin to relive stress. The pile of bills on your desk will start shrinking and you will feel like a winner. Stress is a difficult opponent to get rid of, but with focus and time, you can prevail. Psychological improvements will help keep your health from being affected by your finances.
Many people would suggest that you fight against your largest debt first. This is one way of working on your budget, but it may just add to your stresses. Fighting the biggest opponent when you first step into the debt battlefield may be overwhelming and chaotic. It is chaotic in the sense that while you are focusing your attention on the largest chunk in an uphill battle, there are still many other smaller ones circling around trying to get their jabs into you in order to claim their payments. In boxing, the fighter starts with the lower skilled opponents and will work their way up the ladder to fight the title defender. New approaches are learned along the way building up skill level. If a beginner starts out fighting against the top dog, the agony of defeat may potentially keep the loser down and out of the ring.
Get rid of payday loans debt first. Fight against the small guys first and payoff any short-term payday loans you may have open with unpaid balances. Freeing yourself of smaller opponents will begin to clear out the battle zone one creditor at a time. The less you see coming at you, the better you will start to feel psychologically. Yes, the big debt is still lurking, but it will be easier to focus on it once the smaller ones have been paid off.
Begin paying off the smaller debts. Don't let interest rates affect your decision unless there are some with similar balances and you need a tie breaker as to which one will go first. When you pay off the small debt, the money amount you were spending gets added to the next bill to be paid off. Each time you do this, the money amount which is being applied towards your selected debt increases in value which will end up making you stronger to take down the big guns. Build your skill and your strategy to be more effective towards the stronger opponents. Sounds like a winning plan of attack!
Building your financial confidence will begin to relive stress. The pile of bills on your desk will start shrinking and you will feel like a winner. Stress is a difficult opponent to get rid of, but with focus and time, you can prevail. Psychological improvements will help keep your health from being affected by your finances.
Online Solutions For Ca, Cs, Cwa, Icwai
Trying hard to get through the Professional Exams in commerce stream like Chartered Accountancy, Company Secretary and Cost & Works Accountants? Results not behaving the way you want them to?
We all know very well that getting through the various levels of these courses offered by the respective institutes of ICAI, ICSI and ICWAI have always been a difficult task for all of us. The Question that arises - Is it really that challenging task or a tough task or is it BOTH tough and challenging?
Why it so happens that even if we are satisfied with our performances on the examination days still we are unable to make it! Is it because of the increasing examination pressure? Or the peer pressure? Or would it be wrong if it is said that it's just we aren't prepared the way we should have been as these professional examinations demand.
We all try our best to prepare for the examinations be it for CPT/Foundation courses or for the Final levels of Chartered Accountants, Company Secretaries, Cost and Works Accountants.
It becomes even more difficult for students to come out confidently when the graduation classes & Articleships/Practical Trainings are going on parallel. Even when we know we are running short of time to do our studies for these professional courses we have no choice but to still manage to steal some time out for the coaching classes of various important subjects which has become of utmost importance in today's competitive examination scenario.
We all more or less do all this for clearing our examinations. Have we ever thought that why it happens that only VERY FEW of us get through the exams in the term we expect us to clear ESPECIALLY when we all put the same amount of hard work and attend the same coaching classes?
Considering the above time crunch that we face with the on going articleship, coaching classes etc we end up postponing our self studies towards the end. Hence, we actually start preparing for the respective examination during our preparation leaves or when we are through with our coaching classes. Under such a situation, we actually unknowingly put ourselves in tremendous pressure & in a difficult position which is quite visible on the faces of most of us when we are sitting to write the papers.
What we learn from this simple factual statement as narrated above that the MOST important thing which we all generally skip is timely and regularly preparing for the examinations which at one end would help us complete our courses in time BUT at the other end will also lead to a better temperament and confidence levels that is required for the FINAL DAY!.
When the reasons of our NOT "up to the mark" performance in the professional exams is so clear, then what is the solution to this?
Friends, the solution is also as clear as the problem itself. We just need to structure our preparation time table in a better way and which is spread over a longer duration before the final day! That's it!
To fight with the current situation, the MOCK TEST SOLUTIONS offered by Eduex is gaining tremendous importance among the commerce students community (students of Chartered Accountants Company Secretaries Cost & Work Accountants courses).
Eduex.in, an initiative taken by few of the Finance Professionals has been brought into existence with this noble cause of assisting students to develop and execute a more structured preparation time table for their studies which not only helps them prepare for the examinations within minimum time but also helps student develop the CORRECT Temperament & confidence which is of utmost importance for clearing professional examinations which day by day are gaining intense competition levels. Last but not the least, the feedback on the performances in the MOCK TESTS directly from the pen of the ACADEMIC COUCIL team of Eduex is doing wonders for students.
Wish you all All the Very Best for your future endeavors!
We all know very well that getting through the various levels of these courses offered by the respective institutes of ICAI, ICSI and ICWAI have always been a difficult task for all of us. The Question that arises - Is it really that challenging task or a tough task or is it BOTH tough and challenging?
Why it so happens that even if we are satisfied with our performances on the examination days still we are unable to make it! Is it because of the increasing examination pressure? Or the peer pressure? Or would it be wrong if it is said that it's just we aren't prepared the way we should have been as these professional examinations demand.
We all try our best to prepare for the examinations be it for CPT/Foundation courses or for the Final levels of Chartered Accountants, Company Secretaries, Cost and Works Accountants.
It becomes even more difficult for students to come out confidently when the graduation classes & Articleships/Practical Trainings are going on parallel. Even when we know we are running short of time to do our studies for these professional courses we have no choice but to still manage to steal some time out for the coaching classes of various important subjects which has become of utmost importance in today's competitive examination scenario.
We all more or less do all this for clearing our examinations. Have we ever thought that why it happens that only VERY FEW of us get through the exams in the term we expect us to clear ESPECIALLY when we all put the same amount of hard work and attend the same coaching classes?
Considering the above time crunch that we face with the on going articleship, coaching classes etc we end up postponing our self studies towards the end. Hence, we actually start preparing for the respective examination during our preparation leaves or when we are through with our coaching classes. Under such a situation, we actually unknowingly put ourselves in tremendous pressure & in a difficult position which is quite visible on the faces of most of us when we are sitting to write the papers.
What we learn from this simple factual statement as narrated above that the MOST important thing which we all generally skip is timely and regularly preparing for the examinations which at one end would help us complete our courses in time BUT at the other end will also lead to a better temperament and confidence levels that is required for the FINAL DAY!.
When the reasons of our NOT "up to the mark" performance in the professional exams is so clear, then what is the solution to this?
Friends, the solution is also as clear as the problem itself. We just need to structure our preparation time table in a better way and which is spread over a longer duration before the final day! That's it!
To fight with the current situation, the MOCK TEST SOLUTIONS offered by Eduex is gaining tremendous importance among the commerce students community (students of Chartered Accountants Company Secretaries Cost & Work Accountants courses).
Eduex.in, an initiative taken by few of the Finance Professionals has been brought into existence with this noble cause of assisting students to develop and execute a more structured preparation time table for their studies which not only helps them prepare for the examinations within minimum time but also helps student develop the CORRECT Temperament & confidence which is of utmost importance for clearing professional examinations which day by day are gaining intense competition levels. Last but not the least, the feedback on the performances in the MOCK TESTS directly from the pen of the ACADEMIC COUCIL team of Eduex is doing wonders for students.
Wish you all All the Very Best for your future endeavors!
Saturday, June 23, 2012
The Options Delta - What It Is And How It Works
The term "options delta" is one of what are commonly called "the Greeks" in option trading, but understanding its significance can make a big difference to your trading decisions.
In its simplest form, the delta is a number which describes the relationship between the movement in the price of the underlying financial instrument (stock, commodity, currency etc) and the option price that derives from it.
An example would be the "at-the-money" option. This refers to an option whose strike price is exactly the same as the current market price of the underlying. Whether we are talking call or put options, an at-the-money option always has a theoretical delta of 0.50 or 50 percent. The reason is, because from this 'at-the-money' position, the option contract has a 50/50 chance of expiring out-of-the-money. This is because in the future, the underlying will move one way or the other, up or down. It doesn't matter which way it goes, the odds are 50 percent, or 0.50 each way.
Now, the further away from the strike price the underlying moves, if it causes the option to go 'out-of-the-money', the less likelihood there is, that the option contract will be of any intrinsic value at expiry date. So the delta decreases. Conversely, if the underlying moves in your favour, thus making the option contract 'in-the-money' the more likelihood there is that option will expire with some intrinsic value. So the options delta increases, but only to a maximum of 1.0 or 100 percent which indicates certainty.
Using the Options Delta in Trading Decisions
Now that you understand how the options delta works, you can use this to your advantage when assessing the potential risk of any trade. Let's say for example, that you want to write a put credit spread over a stock index because you believe the index will either rise or at least remain above the strike price you have in mind by expiry date.
So you decide to sell put options at 100 points below the current index price and buy the same amount of put options at 110 points below, thus creating a 10 point credit spread. You observe that the options delta for the 100 strike price is 0.10 or 10 percent. This means that theoretically, there is only a 10 percent chance that the index is likely to fall below this level by expiry date. In other words, there is a 90 percent chance that you get to keep the credit.
So you enter the trade in the expectation that you have the odds 90 percent in your favour of a successful outcome. The delta has shown you this.
But let's imagine that in the next two weeks, the index falls so that it moves closer to your 'sold' put strike price. This being the case, the delta will increase to reflect the new probability that the index will close below your chosen level at expiry date. So if the delta becomes 0.25 or 25 percent, this means there is now a 25 percent chance that the index will be below the sold strike price at expiry.
Understanding the options delta gives you a valuable tool to make option trading decisions. Some even say that the best and safest way to trade options is by adjusting your positions and "managing by the options delta". This is particularly relevant when it comes to adjustable spreads such as credit spreads and iron condors. Managing your open positions by the delta is a more scientific approach which is a good thing - because after all, option trading should be just another way of doing business.
In its simplest form, the delta is a number which describes the relationship between the movement in the price of the underlying financial instrument (stock, commodity, currency etc) and the option price that derives from it.
An example would be the "at-the-money" option. This refers to an option whose strike price is exactly the same as the current market price of the underlying. Whether we are talking call or put options, an at-the-money option always has a theoretical delta of 0.50 or 50 percent. The reason is, because from this 'at-the-money' position, the option contract has a 50/50 chance of expiring out-of-the-money. This is because in the future, the underlying will move one way or the other, up or down. It doesn't matter which way it goes, the odds are 50 percent, or 0.50 each way.
Now, the further away from the strike price the underlying moves, if it causes the option to go 'out-of-the-money', the less likelihood there is, that the option contract will be of any intrinsic value at expiry date. So the delta decreases. Conversely, if the underlying moves in your favour, thus making the option contract 'in-the-money' the more likelihood there is that option will expire with some intrinsic value. So the options delta increases, but only to a maximum of 1.0 or 100 percent which indicates certainty.
Using the Options Delta in Trading Decisions
Now that you understand how the options delta works, you can use this to your advantage when assessing the potential risk of any trade. Let's say for example, that you want to write a put credit spread over a stock index because you believe the index will either rise or at least remain above the strike price you have in mind by expiry date.
So you decide to sell put options at 100 points below the current index price and buy the same amount of put options at 110 points below, thus creating a 10 point credit spread. You observe that the options delta for the 100 strike price is 0.10 or 10 percent. This means that theoretically, there is only a 10 percent chance that the index is likely to fall below this level by expiry date. In other words, there is a 90 percent chance that you get to keep the credit.
So you enter the trade in the expectation that you have the odds 90 percent in your favour of a successful outcome. The delta has shown you this.
But let's imagine that in the next two weeks, the index falls so that it moves closer to your 'sold' put strike price. This being the case, the delta will increase to reflect the new probability that the index will close below your chosen level at expiry date. So if the delta becomes 0.25 or 25 percent, this means there is now a 25 percent chance that the index will be below the sold strike price at expiry.
Understanding the options delta gives you a valuable tool to make option trading decisions. Some even say that the best and safest way to trade options is by adjusting your positions and "managing by the options delta". This is particularly relevant when it comes to adjustable spreads such as credit spreads and iron condors. Managing your open positions by the delta is a more scientific approach which is a good thing - because after all, option trading should be just another way of doing business.
Friday, June 22, 2012
Why Buyers Shouldn't Depend on Emotions When Purchasing Portland Homes for Sale
In order to maximize profits, houses being sold by realtors usually undergo refurbishing and renovation in order to look as presentable as possible in the eyes of potential buyers of Portland real estate. Most of these house have been subjected to an overall inspection and repairs of all the major defects that were found when they were first bought by the seller. After these basic procedures, they would be sold at a price higher than the amount they were initially bought. Potential homebuyers then choose a house that they can buy and then take all the needed steps to make sure that they are making a good home purchase. However, there are still some cases wherein some buyers end up in a remorse in spite of all the attention that they have given during the buying process. This scenario usually happens when the home buyer had some misunderstandings with the seller or the buyer met an agent that is hard to communicate with. There are also cases wherein flaws and imperfections have been found after closing the deal, which makes it hard to make arrangements regarding the repairs. However, these kinds of mistakes could have been avoided if the emotional involvement that most buyers experience have been fully controlled.
A buyer's emotional attachment can become a big hindrance to see all the potential risks and impending problems, since most of them could not help but become very excited in finally owning a house they actually bought, whatever the agent or the seller says. Usually, sellers avoid prolonging the procedures because they want buyers to close the deal with them during the time when they are most excited or when they are most emotionally involved. Sellers know that the excitement experienced, most specially by first-time home buyers, is a factor that makes them overlook some important procedures that could help them avoid a home buying mistake. This only shows that relying on emotions can actually go against you. So this means that instead of depending on what you feel, it is better to rely on logic.
Being logical can save you from a home buying remorse. No matter how beautiful the house is or how good the location is, it doesn't mean that it is the perfect one for you and that you have to close the deal right away. Whenever buyers tend to take shortcuts in the buying process, this is where the problems tend to come in unnoticed. To avoid these, you should be as logical as possible in going through the procedures. Remember that there is more than what meets the eye or better yet, there is a lot more behind what the seller or the agent is telling you. Your own personal scrutiny and your critical eye should be applied. Never make haste in closing the deal but rather, take time to be certain that you are making the right decisions when buying Portland homes for sale.
A buyer's emotional attachment can become a big hindrance to see all the potential risks and impending problems, since most of them could not help but become very excited in finally owning a house they actually bought, whatever the agent or the seller says. Usually, sellers avoid prolonging the procedures because they want buyers to close the deal with them during the time when they are most excited or when they are most emotionally involved. Sellers know that the excitement experienced, most specially by first-time home buyers, is a factor that makes them overlook some important procedures that could help them avoid a home buying mistake. This only shows that relying on emotions can actually go against you. So this means that instead of depending on what you feel, it is better to rely on logic.
Being logical can save you from a home buying remorse. No matter how beautiful the house is or how good the location is, it doesn't mean that it is the perfect one for you and that you have to close the deal right away. Whenever buyers tend to take shortcuts in the buying process, this is where the problems tend to come in unnoticed. To avoid these, you should be as logical as possible in going through the procedures. Remember that there is more than what meets the eye or better yet, there is a lot more behind what the seller or the agent is telling you. Your own personal scrutiny and your critical eye should be applied. Never make haste in closing the deal but rather, take time to be certain that you are making the right decisions when buying Portland homes for sale.
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