Money Savvy


Archive for December, 2007

Dec 13 2007

Need a Financial Boost? Consider Seasonal Work

Published by Jennifer under Financial Tips

There are many reasons people work full-time or part-time — socializing, using your education and skills or tackling challenges — but most often it comes down to earning money. According to an American Staffing Association survey, 69 percent of respondents said that additional income was an important factor in employees’ decision to pursue temporary or [...]

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Dec 05 2007

There Really Are No Bad Credit Debt Relief Repair Secrets

Published by Author under Debt Relief, Financial Tips

When people find themselves at the bottom of the class in the credit score department they instantly start looking for ways to improve their position. What many may not realize is that they can have items that should not appear on their credit report removed on their own. In most cases negative information that is [...]

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Dec 05 2007

Staying Away From Bad Consolidation Credit Debt Relief Programs

Published by Author under Debt Relief, Financial Tips

They are so many people right now who are suffering financially that it is making some people wonder if we, as a country, have hit some sort of all time record. But, maybe that is just because they are one of the people who are having troubles stay afloat and need help. With all of [...]

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Dec 03 2007

Forex Trading - What Is Forex Trading?

Published by Jennifer under Forex Trading

Forex is not a new household cleaning product. Forex or FX is simply short for foreign exchange, but refers more specifically to currency trading.
This is exchanging dollars for pounds, or euros for yen and so on. It has one thing in common with a household cleaning product, though - if you are not careful you [...]

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Dec 03 2007

Forex Trading - Margin Calls, a Cautionary Tale

Published by Jennifer under Forex Trading

Let’s examine another sample trade.
Name    Bid  Ask   Change    %Change  High  Low     Time
EUR/USD 1.1901 1.1903 -0.0091 -0.76% 1.2024 1.1891 15:26
GBP/USD 1.7439 1.7442 -0.0004 -0.02% 1.7573 1.7410 07:01
The current ask price for EUR/USD is 1.1903. So the investor buys one euro (EUR) at the rate of 1.1903 dollars per euro. Trading one lot (100,000 units) means the investor pays 100,000 x $1.1903 = $119,030 and [...]

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Dec 03 2007

Choosing a Forex Broker

Published by Jennifer under Forex Trading

Choosing a good Forex broker can be as complicated as Forex trading itself. For that reason, investors should do their homework as diligently as they would for a trade. Here are some tips to keep in mind to make your research and choice easier.
In the U.S., any worthwhile Forex broker will be registered as a [...]

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Dec 02 2007

Forex Trading - Currency Trading vs Stock Investments

Published by Jennifer under Forex Trading

The title points up an important difference between forex and stock investing.
When buying stocks you’re making an investment in a company. Buying shares is short for ‘purchasing a share of ownership’. By contrast, no one is making an investment in Japan by buying yen. We leave aside politically motivated actions by large central governments. Currency [...]

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Dec 01 2007

Forex Signals as a Trading Tool

Published by Jennifer under Forex Trading

Prices in Forex markets are the most volatile of any trading instrument. They change farther and faster (on average) than stocks and bonds, though commodities can be pretty roller coaster, too. This presents non-professional investors with a dilemma: either sit by a computer monitor all day, looking for price movements in real time or potentially [...]

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