A Beginnerís Guide to FOREXWritten by Mary McDowski
FOREX is abbreviation for Foreign Exchange market. FOREX is basically an international exchange market where currencies from all over world are bought and sold for profit. The market today began in 1970ís. FOREX is a very unique market because it is not based in any particular place, and it also has very few qualifications for investing. FOREX is also free of external controls, and investors (participants in market) largely determine how much a currency is worth based on demand. Almost anyone can invest in FOREX, and there are strategies for investors who want to have long-term gains, and strategies for investors who desire short-term gains. The vast array of investors makes FOREX quite unique in financial community.
The Workings of FOREX
FOREX is not centered at one place like NYSE. The specific hours for FOREX trade are 24 hours a day from Sunday afternoon to Friday afternoon. FOREX transactions can take place at almost any time, anywhere, all over world. There are FOREX dealers in almost all of time zones, and it is simple to find them. Many dealers can be found online. All an investor does is decide what currency he or she wants to purchase, contact dealer, and then makes purchase. Many investors purchase using a credit line (money they do not have). This is called marginal trading.
What is Marginal Trading?
Marginal trading is a term used for trading with borrowed capital. FOREX investments can be made without actually having money. All an investor needs to do is borrow money for a certain currency. The investor wants to choose a currency that will increase in value quite rapidly. Once currency increases, investor pays back money he or she borrowed and makes sheer profit. This is a high-risk investment, but rewards are great (as with most high risk investments).
Two Types of FOREX Analytics
FOREX traders often have to analyze market. Like all investments, FOREX involves a certain amount of calculated risk. Two ways to calculate these risks are though Technical Analysis and Fundamental Analysis.
Home Mortgage Loans For People With Bad CreditWritten by Carrie Reeder
Getting a home loan with bad credit has actually never been easier than it is today. Here are some tips to help improve your chances of success:
Find A Good Real Estate Deal Ė If you can find a property that has some equity in it when you purchase it, you may have an easier time getting financing on that property. To lender it may be almost as good as if you had some kind of down payment on property. Some lenders will consider properties loan to value ratio when they consider loan. Talk to your mortgage broker and see if this factor could help you get qualified.
Try Creative Financing Ė See if seller would be willing to carry back a second mortgage on home. This is where you set up a contract or agreement with seller that you will pay them monthly payments, including interest of, letís say, $150/mo on $10,000 dollars of price of property, as a second mortgage. Then, to make it nice for seller, perhaps put in agreement that entire amount is due in full within 2 years or something. That should give you plenty of time to refinance and then seller doesnít feel permanently locked into contract.
Save For A Down Payment Ė There are lenders who may be able to qualify you for 100% financing, even with low credit scores, but your interest rate will be much lower if you can put even 3-5% down. If possible, try to save as much as possible for a down payment. Sometimes it may be better to wait about 3-6 months to get into a new home loan if it means difference of having a down payment. The interest rate could be quite a bit better because of that factor. However, if you donít want to have a down payment, you can always refinance later for a lower interest rate.