What you need to know about News Trading

If you are a Forex trader you would have come across the term “News Trading” where a trade is made immediately before or after the announcement of key economic data. Trades made at times like this can result in big profits or if not analyzed properly massive losses. So what are the pros and cons of News Trading?

Pros

The release of key economic data will see the country’s currency gain or lose hundred points within a few minutes, giving you the opportunity to make gains from the news. For example an announcement from the Federal Reserve Bank that the interest rate will be increased will see traders buying more dollars anticipating to make profits.

Cons

The market tends to be very volatile when lots of key economic data is being released. It is easy to lose lots of money unless you closely monitor the markets and very accurately read the information.

You could be “Locked Out” by your Forex broker, this is where you have made the order at the correct time but it has not been executed leaving you no time to make any amendments if the trend isgoing against you.

The volatility in the market will make you experience slippage.

A Green Dot Card Can Help You Manage Your Budget

You’ve heard of the envelope method of managing your budget, haven’t you? Dave Ramsey, financial guru, talks about it in his Financial Peace seminars. That’s where you decide up front how much money you have to spend in each category such as groceries, gas, etc. and you create separate envelopes for each expenditure type. When your envelope is empty in that category for that month, you can’t spend any more money.

Prepaid debit cards such as a Green Dot card would serve the same purpose. With prepaid debit cards, you can preload the amount of money for your budget and when use only that card for that expenditure. When the card’s empty, you’re out of money for that category for that month. Let’s say, for example, that you purchase a Green Dot card and load $100 on it to represent your eating- out budget for the month. If on the 20th of the month you’ve exhausted that card, you don’t eat out for the rest of the month. Pretty, simple, right?

You can use prepaid debit cards, as tools to help you manage your money because they’re loaded with a specific dollar amount and you can’t spend more than is on the card. This is a good way of learning how to live within your means or within a preset spending budget. With credit cards, the temptation to buy something you can’t afford it too easily accomplished because your credit limit is much higher.

Bulls and Bears in the Market Oh My!

Once upon a time, the word stock market brought only groans and a glassy-eyed stare from most people who had never invested and really had no hopes of doing so. With the advent of online trading and brokering and do it yourself stock trading, that has been replaced by a healthier outlook from most people. Stock trading can be very confusing and the terms are intimidating to many people. However, with the influx of self-help sites, brokerage firms wanting your business and stock trading online it can be easier if you know the terms. One term you may run into is extended hours stock trading, and yes, it was once only for those with a high profile. However, with the advent of the Internet, more people are clamoring for a chance to be a high roller and today you can take the opportunity to work with
extended hours stock trading. Extended trading hours are done with a brokerage firm that has the capability, or access to the options of ECN, or electronic communications network. This is not something you can just download to your computer but done through the brokerage firm. There are many things to remember in this type of stock trading; the rules are different with traditional methods in that your trades may not be visible during regular hours, you will not see other quotes and may only post your quote on the ECN. While there is not much difference in the costs associated with regular hours trading and extending hours, lack of liquidity and severe price swings sometimes contribute to higher costs.

Reason Why Most of the Retail Businesses These Days Accept Credit Cards:

Presently, almost all major retail businesses around the globe accept credit cards. One might wonder how this benefits a business. By doing so, they succeed in growing their sales. Moreover, accepting credit card also builds a sense of trust between the business owners as well as customers. This can surely benefit the two in the long run. The ones benefiting the most are the businesses that sell their products over the World Wide Web, as around 90% of the buyers shopping online use credit cards to make purchases.

Numerous merchant services these days offer a free credit card terminal to their retail customers. They do not charge you any application or setup fee. You also do not have to pay any annual fees for the same. Once you receive the terminal, the merchant service provider trains you on how to use it. They offer a 24/7 customer support and therefore, you can get in touch with them at the time of your convenience in case of any query.

Most of the retailers these days opt for a wireless credit card terminal. Unlike traditional credit card terminals, these wireless equipments are highly portable and include some additional user-friendly features. From installing the required software onto your new equipment to reprogramming your existing wireless credit-card terminal, your merchant service provider will do it all for you. With so many types of credit card terminals presently available, it sometimes becomes difficult to select the right one. Therefore, make sure you opt for the best merchant services provider that offers the finest quality terminals.

Cashing In On Offers With Cash Back Credit Cards

Using a credit card is not only about making the essential purchase and paying the bills. The rewards credit cards can give may even be up to that craved-for appliance or mobile phone that might have taken a way longer time to get. MyCreditTree.com gives the perfect advice for credit card users to cash in on the available reward points, and claim what they deserve.

Reward points available on credit cards can provide a whopping amount of cash back offer. MyCreditTree.com offers listings of cash back credit cards, stating which cards give the maximum cash back offer, which cards have the best gifting deal, and which cards give the biggest discounts on products. Major credit card companies have large reward points on store for accumulating purchases, and the more the credit points go on increasing, the more is the increase in reward points. With more reward points, one can claim a larger cash back or larger discount through the transactions. While most customers tend to forget the credit points factor of their credit card, MyCreditTree.com helps them to remember the deal on their card, hence helping customers to reap in larger profits.

MyCreditTree.com also elaborates itself on unsecured credit cards and the secured ones, and point out which ones provide more credit and which ones are relatively narrower. The credit limits are a crucial factor to decide which card to choose and which not to. Combining these crucial factors of assistance on credit cards, MyCreditTree.com is one of the most helpful places for the customers to be at.