Forex Trading Myths (and honest answers)

November 10th, 2022 by admin No comments »

Forex trading online has become more and more popular in recent years,Guest Posting due in large part to the popularity of stock trading on the internet. But along with this popularity comes the inevitable hype, myths, and at times, complete untruths. Here is the list of the most common Forex myths:

· Forex trading is easy. First the truth. It is easy to start Forex trading and it is easy to buy and sell currencies online. But succeeding and making money is anything but easy. It takes education, time and practice. Of course, there are talented traders that learn very fast, but generally speaking, starting traders should dedicate part of their time to educating themselves, practicing and developing strategies.

· Forex is gambling. This is a myth and is often heard about all forms of trading; whether it’s stocks, bonds, futures, options etc. In reality Forex is the epitome of macro economics in the purest form, even more so than other types of market trading as it deals solely with the performance, structure, and behavior of national or regional economies as a whole, and their interrelationships with each other. If this were true, then all the national economic administrators, advisors, consultants and students are the world’s best gamblers. Rather we are all students of economics, technical analysis, fundamental analysis and psychology.

· Forex is a scam. Forex got some bad press after High Yielding Investment Programs (HYIP’s) started to claim that they earn money on Forex. More recently a firm in New York was shut down and another’s internet trading site dismantled for bilking investors out of millions. Fortunately prison terms have been issued for bringing discredit to a legitimate, regulated and law abiding industry. Actually Forex is a real currency market where anyone can trade for themselves and be responsible for their own decisions, so it’s hardly a scam. The only scams you should be afraid of as a Forex trader are scamming brokers and marketers that sell Forex books, sure-fire strategies, trading systems, guaranteed returns or the usual “to good to be true” devices.

Reminiscences of a Forex Trader, Part 1

April 1st, 2022 by admin No comments »

Forex trading is hot, hot, hot right now. And one of the biggest reasons why is that traders are using leverage to amplify returns by 200 times – where $1 controls $200 worth of foreign currency. The returns can be staggering.

For example, on British “Black Wednesday” of September 16, 1992, George Soros made a single day’s Forex profit of US $1 billion by short selling the Great Britain Pound Sterling.

At the time these kinds of profits were only available to large players.

But recently a major change in the way Forex trading is done has opened the trading desks to the little guy. The Internet has opened the door to the small investor into this $3.98 trillion daily market.

But Forex, or foreign exchange trading, has a reputation as “one of those” financial derivatives. And while much of its reputation is deserved, that doesn’t mean you shouldn’t be aware of Forex and its uses…

Forex Market Expert Thomas Fischer

Unfortunately, Forex isn’t only intimidating to the average investor – it can be downright confusing for even the shrewdest money managers. So I sat down with an expert on Forex, Mr. Thomas Fischer, to clear the fog around this hot topic.

Thomas Fischer, of Jyske Global Asset Management in Denmark, is a veteran of the interbank foreign exchange market with a 22-year profitable history under his belt. I was lucky enough to talk with him at the Investment 2009 Conference in St. Petersburg, Florida last March.

I sat down with him last week to get his thoughts on Forex for Investment U readers because of his relationship to the Oxford Club and Investment U and because Mr. Fischer trades in transaction sizes that are nearly unimaginable to us mere mortal investors.

He considers a “light” day one where he’s traded only $100 million in foreign exchange. And, he’s been so kind as to sit down for an interview

Over the next two articles I’ll get his thoughts on how he got started Forex trading, what traders need to be aware of, and some of the best ways to limit your risk if you decide to jump into this market.

What I’ve found most interesting, above all, is that much of the advice he gives about Forex trading can be applied to stock trading just as easily. A good investor is a good investor regardless of the security…

Florida’s Banks and Economy

April 1st, 2022 by admin No comments »

Banks are organizations where we keep our money or valuables safe. For our deposits we receive a certain amount of interest which increases the value of our money.

The first National Bank in South Florida started in the year 1932 and still exists. Its service has been a valuable asset for all these years. Bank Atlantic provides business and personal banking for the people in South Florida. It has branches all over Florida in Palm Beach, Miami, Tampa, Treasure Coast and Broward County. Out of all of them Friends Bank and BankAtlantic are featured banks of Florida. PNC provides full range of financial products and services starting from investment, persona and corporate banking. Fifth-Third Bank located in Florida provides loans, mortgages, credit, online banking, savings account, online investing as well as credit cars for fulfilling all needs. Riverside National Bank provides easier, faster and convenient banking. They provide business as well as online brokerage.

Custom House provides online currency exchange and makes international transactions simple and cost effective. E*Trade Financial delivers value, innovations to all customers. It is one of Florida’s largest banks and provides quality high-yielding net banking products. EverBank provides many services like high online savings, checking, CD accounts etc. Florida’s FX Universal leads the front of forex trading. Its Forex trading account provides forex signals for free entire life.

ING Direct is FDIC insured and offers best savings rate and asks for no fees or minimum balance. It also provides home loans, ARM mortgages, mutual funds etc. The striking feature of HSBC Advance is a lucrative percentage APY it provides to its consumers which is more than 9-10 times the average national savings. MoneyAisle offers good car refiance rates, used and new rates. It is safe, free and easy. Xoom Corporation is amongst those companies which are committed towards developing a worldwide online-to-offline network of money transfer.

Reputation Management is the Answer How Your Business Is Perceived

March 1st, 2022 by admin No comments »

Is it true that you are keen on finding out about dealing with your standing? Have you been searching for accommodating and solid data? Indeed, this article will ensure you get a few strong ideas. It will assist you with sorting out some way to more readily deal with your standing.

Posting data via online media locales is essential to your business’ standing. You should post a few times each week at any rate to actually run an advertising effort. Assuming you see that posting via online media locales is overpowering, consider recruiting an aide to make your posts for you.

At the point when individuals invest in some opportunity to offer something about your business, it is vital that you are sufficiently gracious to answer. While you might be an extremely bustling individual, it shows your crowd that you really care about them and what they need to say. This is imperative to keep a consistent client base.

At the point when you talk with your crowd, ensure that you do as such in a conversational tone. Individuals try to avoid the possibility of entrepreneurs continuously addressing them with promoting to them. While you would like to make a deal, you ought to never cause a client to feel like this is your main concern.

Be grateful. Assuming somebody leaves a decent audit about your organization, send them an individual message and express gratitude toward them for their criticism. On the off chance that conceivable, send your client a coupon for a specific percent off on their next buy as a much obliged. In the event that this is preposterous, earnestly say thanks to them for their input.