Posts Tagged ‘right direction’

Which online stock broker/trader is the best? I don't have a lot of money and I am new to investing.?


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I’m self employed and do not have any kind of retirement plan (ie. 401K plan). I’m still fairly young, 29, but I don’t want to wait until I’m 40 to do something for my retirement/future. Maybe buying/trading stocks isn’t the right direction for me, should I look into other investments?? Thanks!

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I’m looking for a good Day-Trading resource?

I’d like to try dabbling in the whole day-trading scene and am looking for someone that does it to point me in the right direction. Preferably a good book or two to give me the basics.

i’ve already got some stable base funds that are conservative and pay me monthly and am now looking to do a little high-risk/high-reward tinkering.

please, experienced help only.

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Why isn’t there a forex currency index?

Just like the stocks are combined into NASDAQ for example, then why can’t you combine the forex pairs and assign them a mathematical value???

Take a look here:
http://www.fxstreet.com/rates-charts/currencies-glance/

Fxstreet lists 34 forex pairs.

Benefits:
- Less risk.More pairs - less risk. Traders will take advantage because the market is open day/night in contrast to the daily trades among the stock market. That said, the forex traders gain several times more action with reduced risk, thanks to the combination of many pairs at once. No surprises anymore:Think about it: The european bank annouces higher rates, but the expectations were for lower rates. So, if you trade EUR/USD you will lose when you have selled. With such important news you will lose perhaps over 50 pips and if you trade on 100:1 leverage buying more than 1 lot…say goodbye to your money. Even without leverage the big players will lose, unless they utilize some industrial espionage :) to predict the rates that are going to be anoounced. So…if the one pair goes higher with 50 pips, else will go downtrend with 50, which keeps the balance. Of course if the balance is perfect :) 50/50 the index won’t move and you will not benefit at all :), but in case where you have 50/25 you get your 25 or less if your predictions are in the right direction.

There is one drawback, of course, like anything in life :): With so many pairs it will be impossible to rely on any news announcements. Your only hope will be the candlestick chart, perhaps combined with some additional mathematical technics(martingales, random walk avoidance, compound interest) and economical such(hedging, options..).
But isn’t the technical data the favourite to the forex traders?

So far, sadly there isn’t a "forex index" to my knowledge??? So the best you can do is simply make your own "portfolio" and assign it a mathematical value.

I plan to create a computer program(…a can do that ;), to calculate and trace such index value of about 40 forex pairs. If I succeed, I will post it here with link to website to see the index in action :).

Thanks.

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Stock Market Investing For A Motivated 15 year Old?

Im currently 15, and I’m damn tired of waiting to get through high school and college to start making some serious money. I am a very motivated, smart teenager[4.0 with honors classes] and I believe that through some light research I have done, that the stock market is the way to go. I was reading about mutual funds and all this different stuff, but i figured why not probe Yahoo Answers for some info. What is the best way to get some money fast using the Stock market? What to invest in, what to trade, what broker to use, etc. A jump start in the right direction is really what I need here, as i jsut got some money and I am dying to invest it. I was hoping to get 1 mil in a couple years and eventually check out some hedge funds. Any help is appreciated.
Ok maybe a million in a few years is just a hyperbole, just trying to convey the motivation. haha

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