THE LOCAL

Complementing the balance sheet and income statement , the cash flow statement (CFS) – a mandatory part of a company's financial reports since 1987 – records the amount of cash and cash equivalents entering and leaving a company. The CFS allows investors to understand how a company's operations are running, where its money is coming from, and how it is being spent. Here you will learn how the CFS is structured, and how to use it as part of your analysis of a company.  The Structure of the CFS The cash flow statement is distinct from the income statement and balance sheet because it does not include the amount of future incoming and outgoing cash that has been recorded on credit.  Therefore, cash is not the same as net income, which on the income statement and balance sheet, includes cash sales and sales made on credit. (For background reading, see Analyze Cash Flow the Easy Way .) Cash flow is determined by looking at three components by which cash ...

i’m sure you’ve wondered what professional traders do to succeed over the long-run. It’s easy to hit a few winners, but how do you parlay that into more consistent, longer-term trading success that you can turn into a full-time income? What are professional traders doing differently from you? The typical day in the life of a pro trader is probably very different from yours. From what they think about to what they do, there’s a lot you can learn from the daily habits of a professional. The novice trader is racing to look at the charts, desperate to find a trade, whereas the professional is calmly going about his or her routine because he knows there’s no rush. The novice trader is constantly thinking about the live trades they have on, whereas the professional trusts the process and the trading plan so there is no need for them to worry. The mind of a pro trader and how they think Professional traders understand their own minds and how their own personalities...