The Margin Advantages of Trading FOREX.Written by Adrian Pablo
There is one aspect that is considered as one of best advantages of FOREX Trading. This is related to amount of money you need to place a trade, this is known as "margin", and in short, this is all that can be lost in a case you had a bad trade.I state it like this because, even though I know with proper self-taught education you're NOT going to lose as much as you win anyway, I want you to know that despite super-high leverage associated with FOREX trading (200:1 is possible; meaning that if you put up $1 trading vendor will allow you to trade like you really have $200), it's still arguably less risky than futures (commodities) trading. And, forget stocks, you'll never get this type of LEVERAGE in equities market. Futures markets are often prone to sudden and dramatic moves, against which you can not protect yourself, even by
| | Debt consolidation – Options for Reducing Your DebtWritten by Charles Essmeier
Studies show that Americans are now saving less than ever before. Along with that, Americans are carrying a heavier debt load than ever. It’s easy for a home loan, a car loan and a few credit card bills to get out of hand, and many people are struggling with more debt than they can easily pay. To make matters worse, new bankruptcy legislation will make it harder than ever to file bankruptcy for those who simply cannot pay their bills.
There are a number of solutions available that allow most people to reduce their interest rate on their debt, reduce their total monthly payment, or both:
Ask for a lower rate on your credit card. If you have been making payments regularly, and you haven’t had a history of late payment, you may be able to lower your interest rate on your credit cards simply by calling your credit card company and asking them! It doesn’t always work, but market for credit cards is pretty competitive these days, and many lenders would rather lower your interest rate than lose you as a customer. It’s worth asking.
Get a new credit card. If your lender isn’t willing to lower your rate, shop around for a credit card with a better interest rate. There is no reason to be paying 20% or more in credit card interest if you don’t have to. The interest on credit cards is not tax deductible, but if you can get a credit
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