So, you want to learn about forex trading and how trading currency can be profitable? You're in luck! You can check out my free 5 part series on forex trading online right now. You may want to do one part each day or if you're really ready to dig in you may be able to finish it all in one sit down.
Go to my free Forex Trading eCourse.
Monday, December 22, 2008
Sunday, December 21, 2008
Forex Trading Strategy
If you want a Forex trading strategy that works, is simple to understand and make money with you will find two enclosed which you can soon enjoy currency trading success with...
You have a choice in terms of time frames you can trade in, you can either swing trade ( a few days to around a week) or long term trend follow for weeks or months.
Do NOT bother trying Forex day trading or scalping it doesn't work, as all volatility is random. There are lots of systems sold saying it does - but there all simulated backwards on paper and have no chance of making real money.
Right lets look at our two forex trading strategies for profit.
Breakout Long Term Trend Following
This method makes really big gains because all big trends start and continue from new market highs or lows. By buy buying or selling these breaks, you have the odds on your side and most big trends last for weeks or months so profits can be huge. Most traders can't do it though! Read the full article: Forex Trading Strategy
Monday, June 30, 2008
Tips for Buying Mutual Funds
The most important thing you will need to decide before purchasing shares in a mutual fund is, of course, how much you wish to invest. Now, if you're just getting started in investing, you may not have a lot to invest. If this is the case, you may need to invest all of your money into one mutual fund to begin with. If you have more money to work with, or you are more experienced, you may want to spread your money out over a couple of funds. You might even choose to put a portion of your money into mutual funds, and the rest into riskier investments that may provide a stronger growth opportunity.
Your first option for investing in a mutual fund is to do so through a brokerage firm. Some brokerage firms sell a wide variety of funds, and some have their own funds, which they may sell exclusively. If you buy shares through a brokerage firm, they will hold those shares in your account with the firm.
You can also buy shares directly from the funds themselves. These would be through companies such as Vanguard or Janus. Any shares you buy through the funds themselves are held directly by the fund.
Some fund companies and brokerages sell a very wide range of funds. Charles Schwab is one of the most well-known brokerage firms that sells many different mutual funds. Fidelity and Vanguard are two widely-known mutual fund families that sell funds other than their own. These companies may sell hundreds, or even thousands of different funds.
Your first option for investing in a mutual fund is to do so through a brokerage firm. Some brokerage firms sell a wide variety of funds, and some have their own funds, which they may sell exclusively. If you buy shares through a brokerage firm, they will hold those shares in your account with the firm.
You can also buy shares directly from the funds themselves. These would be through companies such as Vanguard or Janus. Any shares you buy through the funds themselves are held directly by the fund.
Some fund companies and brokerages sell a very wide range of funds. Charles Schwab is one of the most well-known brokerage firms that sells many different mutual funds. Fidelity and Vanguard are two widely-known mutual fund families that sell funds other than their own. These companies may sell hundreds, or even thousands of different funds.
Tuesday, May 13, 2008
Keeping Records for Your Mutual Fund Investments
Most people worry about keeping records regarding financial issues. Yes, it can be a bit difficult, and it is very likely quite boring to you, but it is absolutely necessary. First of all, you need to have accurate records for tax purposes. You cannot depend entirely on your fund to send you the information you need for taxes. After all, there are computer errors and people errors all the time, not to mention the notorious unreliability of the postal service! Also, if you want to keep a good track of how your fund is performing, keeping accurate records will allow you to do this.
One very important thing to keep a record of is your costs basis. Your cost basis is whatever your shares cost you. This includes the commissions and fees that you paid to purchase the shares.
If you received the shares as a gift, then you would use whatever the cost basis was for the person who gave you the shares. Of course, if the value of the shares you are given is less than the giver's cost basis, you would use the lower of the two values. Inheritance, however, is not the same as getting shares as a gift. If you inherit shares, the cost basis is whatever value is used for the purpose of estate tax. Typically, this would be the most recent sell price before the decedent died, or on the date of their death.
One very important thing to keep a record of is your costs basis. Your cost basis is whatever your shares cost you. This includes the commissions and fees that you paid to purchase the shares.
If you received the shares as a gift, then you would use whatever the cost basis was for the person who gave you the shares. Of course, if the value of the shares you are given is less than the giver's cost basis, you would use the lower of the two values. Inheritance, however, is not the same as getting shares as a gift. If you inherit shares, the cost basis is whatever value is used for the purpose of estate tax. Typically, this would be the most recent sell price before the decedent died, or on the date of their death.
Friday, April 25, 2008
Option Trading Strategies You Can Use Now
Option Trading Strategies: Three Ways to Profit in a Bear Market
In a bear market, most people lose a lot of money. Are you cognizant of the bursting tech bubble and consequent recession circa 2001-2002? In this article, we will be covering three option trading strategies for a recession or a bear market, which will allow you to maximize profits rather than lose money.Read the full article: Option Trading Strategies
Tuesday, April 22, 2008
Stock Options Pricing
How are stock options really priced? Knowing and understanding how options are priced and be the difference between you making money or losing your shirt.
One of the biggest misconceptions about options is that they are 100% related to the stock's price.
One of the biggest misconceptions about options is that they are 100% related to the stock's price.
This is not true, it is possible to buy a call option on a stock, the stock's price goes up and the options price goes down.
That is because there are 2 different parts of an option. The first is called intrinsic value. This is simply the difference between the stock's price and the options price. So if we buy a $90 call on a stock that is trading at $98 the intrinsic value is $8.
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