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A Guide To Online Trading For Beginner Investors At XTrade

If you feel overwhelmed trying to learn online trading strategies, just think about how the stock options and Forex guys at XTrade feel. There are some options trading strategies with some odd names, and Forex IS as complicated as quantum physics. Maybe I’m old school, but the stock market itself is where the thrill is for me, and there is plenty of money making moves to pursue, without subjecting yourself to gambling-style investment ethics. Your Online Trading Options Do you think Warren Buffet invests in Forex? He surely plays foreign markets in one way or another, but the man isn’t a day trader. He’s the buy and hold strategist after all. It’s not just trading strategies but stock market terminology you must learn. Are you familiar with penny stocks? I can tell you 100 percent that I have made good money on online trading at XTrade, but buying penny stocks isn’t always going to be the best strategy. Remember that a penny stock is any stock under five dollars, not just stocks for pennies that are under a dollar. Still, if you talk to the people that invest […]

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Five Ways Your Savings Account Is More Than Just a Savings Place

Given all of the advantages that come with a savings account, the name ‘savings’ account can be misleading for those deciding whether to use one. Understanding some of the benefits to opening one can ensure that you get the most out of the money you put in the bank. Here are five ways to get more out of using a savings account today: Compound Interest It may seem that the interest earned on savings is insignificant; however, the returns grow over time. The totals can add up very quickly and turn into what is called compound interest. Essentially, this can be understood as interest earned on the interest you have already earned. For example, if you earn 5% interest on 100 dollars for a year, the 105 dollars you then have earns 5.25$ over the next year. This continues to grow exponentially, turning the five dollars into almost 1,000 dollars over the course of 40 years. The 72 Rule An easy way to see the power of saving is to understand the so called “rule of 72”. The formula allows […]

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