Neural Network Data Mining Example
Generally, data mining (sometimes called data or knowledge discovery) is the process of analyzing data from different perspectives and summarizing it into useful information – information that can be used to increase revenue, cuts costs, or both. Data mining software is one of a number of analytical tools for analyzing data. It allows users to analyze data from many different dimensions or angles, categorize it, and summarize the relationships identified. Technically, data mining is the process of finding correlations or patterns among dozens of fields in large relational databases.
Although data mining is a relatively new term, the technology is not. Companies have used powerful computers to sift through volumes of supermarket scanner data and analyze market research reports for years. However, continuous innovations in computer processing power, disk storage, and statistical software are dramatically increasing the accuracy of analysis while driving down the cost.
For example, one Midwest grocery chain used the data mining capacity of Oracle software to analyze local buying patterns. They discovered that when men bought diapers on Thursdays and Saturdays, they also tended to buy beer. Further analysis showed that these shoppers typically did their weekly grocery shopping on Saturdays. On Thursdays, however, they only bought a few items. The retailer concluded that they purchased the beer to have it available for the upcoming weekend. The grocery chain could use this newly discovered information in various ways to increase revenue. For example, they could move the beer display closer to the diaper display. And, they could make sure beer and diapers were sold at full price on Thursdays.
Object-oriented implementation of the backpropagation algorithm.: An article from: Journal of Computers in Mathematics and Science Teaching
Book (Association for the Advancement of Computing in Education (AACE))
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Brokerage Account2005-09-27 21:17:34 by FXCurrencyTrader
Yes, you do need to open a brokerage account and fund it. If you didn't, you wouldn't be trading anything.
You can start a standard account with a $2,000 minimum. You can start a mini account with $300 minimum.
Forex trading is great, and in my opinion, much safer and easier than trading stocks or commodities.
I highly recommend purchasing a course, and learning before you go into it. You are much more prepared, and really know what you are doing when you start trading with real money.
There are a few different companies out there that teach you how to do it. It is important to get a good education. I checked them all out, and actually, the most expensive are not the best.
is the one that I used.
I am making several thousand dollars per week, but I...
Yes2005-10-27 12:24:20 by FXCurrencyTrader
I would be happy to, but someone asked me that before, and when I answered, it was flagged. I am not sure, but I think that stock traders don't like Forex trading.
I am not sure why that is. The Forex market is much bigger, and it is recession proof. There will always be banks and businesses trading money. Chrysler, last year, made more money trading Forex than they did selling vehicles. This market is also less risky, with enormous liquidity, and no slippage. Forex has low transaction costs, much higher leverage, and low account minimums.
I just think you need to know what you are doing, and for most of us, it takes education. I didn't go and work in a hospital until I went to nursing school, and prepared myself. I wouldn't risk my money until I learned how to trade it....
FOREX2005-09-27 20:54:15 by FXCurrencyTrader
I am trading Forex, from the computer at my home. I am making several thousand a week, but I am only trading one lot. Several friends who have more money than I are trading more lots, and are making way more money than I.
It is good for me, and I am building my account, and when I have more money, I will trade more lots.
It is not something you can just go and do, you have to learn about it, or you will waste your time and your money.
I studied for about six weeks, and during that time, I practiced on a demo account.
I took live classes online, and they were great. You can take them as many times as you like. I paid $2000 for the beginners and advanced classes, but you can start with $995 for the beginners class. I figured it is less than I would spend for a...
Mr.2007-11-17 05:47:54 by u4eal
Look i will give you the truth about trading but you must realize that day trading the Stock market is a huge risk and so that is why I have switched (three years ago) to the Forex or foriegn Currency Exchange,I am by no means a professional but I consider myself seasoned. I tried like crazy to make money when I first started....I spent over Five Grand on educational classes and seminars teaching this very interesting business and finally began to earn a living and finally some real money. there is a huge learning curve, but if you want I will give you my secret weapon which has saved many of my friends and family countless hours and most often a lot of money and head banging.....lol so if you want to see how and what I do now, let me know.
Jack, thanks for introducing yourself!2005-11-24 10:44:55 by DaySurfer
I am one of those rare people who LOVE lawyers (I was a legal assistant for YEARS in my 20s and also worked in word-processing when I was putting myself through design school).
You're right about the stress, though. Lawyers work lots of hours and (especially in a firm) are expected to pretty much give up their lives for several years.
Sounds like you have a LOT of other projects, though.
I love sea kayaking. Used to go once in awhile in Seattle. And skiing (although I switched to snowboarding when I moved to Montana and don't think I'll go back to 2 sticks again!).
Day trading (I do Day Surfing) is fun. Do you trade Forex? I'm learning that right now.
Have a GREAT winter.
How to trade in currency markets — Business Line
By including currency in their portfolio, investors can reduce the overall volatility to an extent and increase returns. While using money to buy and sell comes naturally to us, the thought of buying and selling money (currency) itself seems alien.