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Wit and Wisdom on Money, Wall Street and Success - Part #1

I love to collect quotes as they concisely promote a philosophy which is readily understandable.In my 25+ years of investing I have collected hundreds of quotes related to Wisdom, Wall Street and Success. I submit this small selection with the hopes that it will enlighten the forces required for your future financial success. Enjoy!1) “Money really isn’t that important. Is a guy with fifty million dollars happier than a guy with forty eight million dollars?”- Milton Berle2) “With money in your pocket, you are wise and you are handsome and you sing well too.”-Yiddish Proverb3) “Money is always there, but the pockets change.”- Gertrude Stein4) “Spend at least as much time researching a stock... read full article > >

Well Yippie Skippy for the FTC?

The Federal Trade Commissions Consumer Protection Division now says that SPAM only accounts for 67% of the email you get instead of 70% to 80% and they are attempting to call this a victory? Although no one can confirm this as it is from a media source which accepted the Federal Trade Commission’s Public Relations “PR” piece, it seems that this is nothing to toot one’s horn over? The FTC says much of the reason for this is because SPAM filters in the private sector had gotten better? Yet I ask the question what does this have to do with the FTC’s work in the SPAM issue, as today we have to worry about IM.SantaGift.com; the famous Santa Virus Worm?... read full article > >

The Day Trade Forex System: How to Choose An Online Forex Brokerage Firm

What to look for in an online Forex Brokerage Firm:1. Low SpreadsIn Forex Trading the ‘spread’ is the difference between the buy and sell price of any given currency pair. The lower the spread saves the trader money. Most firms offer 4-5 pip spreads in the Major Currency pairs. The best firms offer clients 3-5 pips.2. Low minimum account openingsFor those that are new to trading, and for those that don’t have thousands of dollars in risk capital to trade, being able to open a mini trading account with only $200 is a great feature for new traders.3. Instant automatic execution of your ordersThis is very important when choosing a Forex firm. You want instant execution of your orders and... read full article > >

Copper - Makes Big Profits As Predicted! Now Use This Method In ANY Market for Big Profits!

Last week in our hot commodities we picked the commodity we thought would be great long term hold and copper as we thought has made great gains.How do you take advantage of opportunities such as this one? Here we will outline how to take advantage of the commodity boom with a simple system.The global boom in commoditiesGlobal economic expansion is fuelling price rises in many commodities and copper is a great market to trade with huge increases in the new millennium already, with more to come.Global economic expansion will keep prices firmThis increase has been fuelled by the emerging super economic powers of China and India as they compete with established industrialized nations such as the USA for raw... read full article > >

Bollinger Bands

Contracting bands warn that the market is about to trend: the bands first converge into a narrow neck, followed by a sharp price movement. The first breakout is often a false move, preceding a strong trend in the opposite direction.A move that starts at one band normally carries through to the other, in a ranging market.A move outside the band indicates that the trend is strong and likely to continue - unless price quickly reverses.A trend that hugs one band signals that the trend is strong and likely to continue. Wait for divergence (when the price is flat or rising or falling, but the MACD is going in the opposite direction...the price will break out in the direction of the... read full article > >

Automated Forex Trading Greatly Increases Trade Volumes

Imagine the next time you join a discussion about automated forex trading. When you start sharing the fascinating automated forex trading facts below, your friends will be absolutely amazed. The concept of automated forex trading is fast catching on. The first market to move to automated trading was exchange-traded futures. Following this, traders working in the Interbank spot FX market too moved on to this system. The success of the system flows from its ability conduct trade in real time. This is difficult to achieve manually, especially if the trading is to be done in milliseconds. Also, there may be times when a trader may be away from the desk, or a trader who has incurred a series of losses may take time before placing a fresh order. These are dampers that... read full article > >

Derek Anderson Traded to Miami

Pat Riley proved his dislike of rookies even more when he traded rookie Gerald Fitch to the Rockets today for Derek Anderson.This trade basically showed how little tolerance the Rockets have. Derek Anderson is a far better player than Gerald Fitch when healthy but Fitch is an able body and can at least play. The Rockets had been trying to trade him for weeks but settled on a rookie averaging 4.7 PPG.Anderson does fit the role of a Riley team. His veteran perimeter offense could help Miami if he’s able. Really this is just the Heat’s way of picking up another old player right before the trade deadline (last year it was for Steve Smith). Even if he... read full article > >

Trade Exit - How To Cut Losses And Let Profits Run

Cut your losses short and let your profits run. This is the essence of your trade exit rules.Cutting losses shortA protective stop protects your trading capital, it is your initial trade risk. Before a trade is even entered your should know where your protective stop will be - this is your maximum loss (barring any slippage on the exit). There are many different ways to determine a protective stop on a trade:Set dollar amount - Say $500 on every tradePercentage retracement - Say 10% from the entry priceVolatility - A percentage of the average true range of the previous x barsMoving Averages - the opposite of the moving average entryChannel breakouts - the opposite of the channel... read full article > >