It’s imperative to choose a reliable forex broker, after all, would you hand over $500 on the street to someone who you have never met before, if they were to offer you their brokerage services in commodities and stocks? You probably wouldn’t, because you’d expect some kind of independent confirmation of this individual’s claims with respect to his capability and authorization as a certified a broker. And the opposite course would be sheer folly, of course, since who doesn’t know the popularity of making a living from scamming people these days? Read more…

Forex Trading Licenses and Regulators

In some cases Regulators determine that firms have been concealing retail or customers accounts and have found out that they are breaching the Regular T margin rules in the process. Sorry to say, arbitrary and selective enforcement by regulators in a prejudiced manner has proprietary traders and firms to restructure, modify how they transact business and to close down doing business in their current manner.

Since more and more scams are involve with regulators and brokers, here are 9 good questions that you can ask in choosing a Forex broker. Although looking for a broker can be a quite a complicated search for traders, you have to be certain to make sure to ask prospective brokers for you to have a reputable broker to work with. These questions may be a good basis for choosing a good broker. Read more…

My first real job was as a junior enlisted member of the United States Air Force. I had great benefits, but as a low ranking enlisted member my take home pay wasn’t worth bragging about. I was earning a comfortable living for a 19-year-old, but I didn’t think I had enough money to invest. It turns out I was wrong.

A talk with one of my mentors, a senior enlisted member in my squadron, made me rethink the way I viewed investing. During one of our conversations I brought up the topic of investing and mentioned I would like to start in a couple years when I had more money. He listened to me give several excuses why I couldn’t invest and then he said something that changed the way I think and act about investing. Read more…

NEW YORK – Stocks rocketed higher and interest rates fell Monday after investors were reassured by a nearly $1 trillion plan to avoid a European debt crisis.

The Dow Jones industrial average rose about 390 points. The Dow and broader stock indexes rose more than 3 percent. Markets also barreled higher in Europe.

The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.55 percent from 3.43 percent late Friday. Read more…

You don’t have to be a daily trader to take advantage of the forex market – every time you travel overseas and exchange your money into a foreign currency, you are participating in the foreign exchange (forex) market. According to the 2007 Triennial Central Bank Survey of Foreign Exchange and Derivative Market Activity conducted by the Bank for International Settlements, the forex market generated $3.2 trillion dollars worth of transactions each day. This makes the forex market the quiet giant of finance, dwarfing over all other capital markets in its world.

Despite this market’s overwhelming size, when it comes to trading currencies, the concepts are simple. Let’s take a look at some of the basic concepts that all forex investors need to understand. Read more…

Despite economists’ expectations that the unemployment rate would climb well into the economic recovery, the percentage of unemployed, job-seeking Americans fell 0.3 percentage point in January to 9.7 percent, its lowest point since August. The unemployment rate is calculated through a separate survey from the payroll count, which found the nation’s employers still reluctant to add new workers, as jobs fell by 20,000.

The report truly brought mixed news. While employers are still not beefing up their payrolls, the Labor Department’s survey of households found major employment gains. The results were altogether better than many were expecting. “All in all, we see encouraging signs of progress in labor market conditions and expect to see much better payroll performance … in coming months,” Morgan Stanley economists Ted Wieseman and David Greenlaw wrote in a morning note. Read more…