Investment is a great form of business that can change your life. But investing money requires strong skills. People who are not experienced in investing the money in the financial industry should not expect that they will be changing their life soon. You have to be well prepared to deal with the complex situations of … Continue reading Why trading is a great idea for new investors
In the Forex market, the practice is known as the key point for the traders. The traders will always end up losing if they don’t pay attention to the practicing process. All the steps to make profits are directly related to the practicing process. The traders should never avoid or stop practicing if they want … Continue reading Why you can’t make profitable trades without practicing
As with many retirement and savings options, there are clauses located in the small print which relate to many aspects of how the money is handled. This can include anything from how and when it’s appropriate to withdraw money, and what happens if someone inherits your IRA. Very often, inheritors of IRAs are unaware of … Continue reading Avoid These Mistakes With Inherited IRAs
You may have heard that the Dow, an old and reliable measure of stock market performance, recently surpassed 15,000 for the first time in history. The media is making a big deal each time we hit one of these milestones, and it's generating a lot of water cooler talk and frenzy among the most novice … Continue reading When to Pull Out of the Market
Investing is a heavily regulated activity, so it makes perfect sense that the rules and regulations that govern investing in different countries would vary. A UK company called Cantor Index, for example, engages primarily in providing spread betting services. The same company operating in the United States would be considered illegal. What is spread betting, … Continue reading Why Is Spread Betting Illegal in the US?
Unless you've been under a rock, you have probably heard that Facebook decided to "go public" and begin trading on the open market as of this morning. For Facebook (or any other company), an IPO (initial public offering) offers a unique opportunity for a one-time cash boost and other perks. Are you investing in Facebook? … Continue reading Why The Facebook IPO is Not For Me
While my personal investment style is conservative and focused largely on index funds, one of my goals for this site is to learn about and introduce some of the lesser-known investment opportunities available. With the proliferation of internet access and the rise of the “online broker” over the last decade, even those opportunities that seemed … Continue reading My Experience with Forex
Between July 21 and August 8, the Down Jones index fell more than 15%, creating one of the longest streaks of down days in Dow history. Here are a few basic tips for reacting to a market panic.
Doug writes in to ask about the best brokers to trade stocks with. I share some of the brokers I have experience with and who I would choose today.
A reader is concerned about her nephew, who wants to cash out an inherited IRA. What would you do in the same situation?