Helping Your Kids Save Money
Sep25

Helping Your Kids Save Money

Some of us have been blessed with the finances of our parents, giving us a jump start as we entered adulthood. Many of us haven’t. Starting off with a decent nest egg and starting off from scratch can make a tremendous difference, especially when considering the effects of compound interest. When looking at it this way, there are few substitutes for an early start when considering building wealth. As adults, we accept the tools we...

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Size Matters
Sep11

Size Matters

We’ve already touched on the importance of your account size when I talked about money hungry service charges, but I’m about to beat a dead horse a little more here, and focus on account size alone. Account size is a big issue when it comes to trading.  A larger account gives you more freedom as far as trade frequency. On the other hand, a large account can also just mean more money to lose over a longer period of time if your risks...

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Money Hungry Service Charges
Aug31

Money Hungry Service Charges

Some of the greatest obstacles to profitable trading are transaction costs. Transaction costs can easily eat, eat, eat away at a trader’s account, especially when starting out with less capital. Some trading methods, such as scalping involve many fast transactions. Before employing such methods, a trader should test these methods out, taking transaction costs into account. Some theories start out with the idea of taking many small...

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Accepting Loss
Jul29

Accepting Loss

  One of the fundamental principals of trading stocks, or anything for that matter, is; you never play with money you cannot afford to lose. You should not be trading money needed for car payments, rent, food, diapers etc. The reason for this is, no matter how sound a system or piece of advice may sound, trades often go against you. Trading money you can afford to lose means that you have money to live, some money saved for a...

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