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Published:Mon, 04 Apr 2011 09:57:23 -0700
There are both pros and cons to money market fund investing. Unfortunately, the negatives may outwei......
Published:Tue, 05 Apr 2011 09:26:46 -0700
U.S. money market rates dropped to about one-year lows as a change in deposit insurance fees makes some banks reluctant to lend securities and the Treasury reduces issuance of bil......
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To see the full Mad Money Recap, please click here. ... Click to view a price quote on HCBK . Click to research the Banking industry.......
Published:Wed, 06 Apr 2011 02:51:48 -0700
As lawmakers around the country debate their states budgets, theyre staring over the edge of a massive fiscal cliff — the point where about $100 billion in federal stimulus mone......
When it comes to investing, there's one market that everyone seems to truly admire: the foreign currency exchange market (forex). Forex is admired for a reason -- it's lucrative and you can make a lot of money very quickly in this market. However, you can also lose a lot of money in forex, which means that you will really need to be careful with how you trade.
Part of that caution centers around choosing the right forex broker from the beginning. You want to take your time looking for a broker because a broker does affect how much money you’re going to make. If you go with a broker that just has the lowest spread -- that is, the difference between the price where the currency is purchased and the price where it can be sold. This is where brokers make their money, and many try to pull in more customers using the low spread method. However, what about research tools? You tend to get fewer technology perks with these brokers.
Instead, you will want to go with a broker that gives you as many advantages as you can get when it comes to research. Making the right plays in forex is very much about research, which means that you have to be able to actually conduct the proper analysis.
Yet is it all about research? Of course not -- you also need to be able to trade, naturally. Trading opens you up to making money. You want to focus on the trading platform the most, because that's where you'll be spending a lot of time. Yet to only focus on the trading platform overlooks the other ways that a forex broker can complete take your portfolio to the next level.
The easiest way this is accomplished is through leverage. This is the amount that the broker offers you for trading. It's expressed as a ratio, like 100:1. In the case of 100:1, it means that your broker of choice will give you $100 for every $1 that you have in real cash. That gives you the opportunity to chase exotic currency pairs or other paths that you might not want to do with your actual money.
Many forex brokers let you start with a small bankroll of anywhere between $250 and $1000 -- with a high leverage point to help you really keep your portfolio moving forward.
What does this mean for you as an investor? Well, it means that if you're serious about taking the forex market by storm, you're going to need a forex broker! Why not look at your options today?
