Thursday, September 1, 2016

XTrade Europe and the Biggest Investing Challenges

During the last couple of years, Forex trading has experienced a huge boost, resulting in almost five billion dollars of trade. And yes, we are talking about daily turnover! Of course, we can conclude based on these numbers that currency trading is extremely popular among the online investors. It is currently the fasted growing market in the world and a place which attracts more and more people from around the world. However, the experts at XTrade Europe warn that this doesn’t mean this business is not without any dangers and potential problems. It has more challenges that we can imagine. After all, we have to accept that currency investing is extremely turbulent activity which directly depends on many factors - from politics, over social events to ordinary gossips.

Here are some of the most common risk factors that can affect our trading, mostly in a negative way:

Time management

As you already know, Forex is a market that never sleeps. It operates 24 hours, meaning that every time is potentially perfect for trading. And this might be a huge problem for the majority of traders. People usually are not able to find a fine line between their business (investing) and free time. Ordinary “brick and mortar” businesses have strict working time, allowing people to spend their free time in whatever way they want. It is not the case with Forex trading. Sometimes, it is almost impossible to know where business ends and private life begins. All XTrade Europe day-traders know what we are talking about. These people must react quickly and they do not have time for anything else. Because of all this, you just have to organize your life and see which options or trading style would be perfect for you. Maybe part-time trading is not bad at all. Think about it.

Macroeconomic events

We already said that many things could affect the currency market. It is not some isolated place, where can be applied strict rules and laws. It is a place that is full of surprises. This is the reason why many traders quit only after a few months. They just do not know how to deal with these surprises and strange movement in the local and regional economies. We cannot blame them. But, this is what Forex trading really is- a highly risky activity with uncertain outcomes. This is also the reason why we should consider dealing only with reputable online brokers, such as XTrade Europe, who can help us to find the light in the end of the tunnel. Of course, sudden changes do not mean we cannot predict events at all. Do not worry; with a proper knowledge and experience, you will find your way.

Politics

Politics and economy are firmly connected with each other. So, if you notice even the smallest political crises in some part of the world, you can be sure it will affect the economy of this region, so as local currencies.

The bottom line:

If you want to continue trading on the Forex market with XTrade Europe, you will have to understand these political issues and learn how to turn them in your favor.

Monday, August 29, 2016

One Decade Later

I am happy to celebrate the 10-year anniversary of this blog, PFStock. In addition to economic changes, there have been a lot of changes of other changes in the past decade.

Here is my original About Me post from August 2006. To update you, I have now been very happily married for over 15 years. And my wife and I have 2 beautiful children.

Also, please see my original welcome post from August 2006:

Welcome to PFStock

PFS

Friday, July 22, 2016

The New, Updated Yahoo Finance

Yahoo recently updated their Finance pages. And, there has been a lot of criticism of the new Yahoo Finance site. According to Yahoo, they "updated the Yahoo Finance homepage to have a fresh new look with bigger headlines and photos, an enhanced news stream, and consistent navigation at the top of the page."

My biggest criticism is that the Yahoo Finance site seems to slow down my entire computer, not just that page. I don't want bigger headlines and photos, as I like to see more articles on one page without having to constantly scroll down. After every 3-4 articles is an advertisement that tries to blend in with the real news. The historical stock data display is messed up in Yahoo Finance. The column showing the adjusted close is not correct, and the column showing the actual close is missing.

I did find that is is still possible to access the original Yahoo quote pages:

http://us.finance.qa1p.global.media.yahoo.com/q?s=YHOO

To change symbols, enter a new symbol in the box for symbol Look Up. The old message boards are also accessible:

http://us.finance.qa1p.global.media.yahoo.com/mb/YHOO/?s=yhoo&ql=1

If you like the old features, I would suggest bookmarking the old Yahoo pages. There is no guarantee of how long they will still be available?

So, what do you think of the NEW Yahoo! Finance site? My advice would be to don't fix what is not broken.

PFS

Tuesday, June 28, 2016

Money Market Rates June 2016

Here are the latest money market interest rates of the banks that I've been tracking on my blog. Note that these rates are sorted by APY, and represent institutions that I have accounts at, or have otherwise mentioned in my blog:

1.05% GS (Goldman Sachs) Bank Online Savings
1.00% Ally Bank Online Savings
0.95% Discover Bank Online Savings
0.95% FNBO Direct Online Savings
0.90% American Express High Yield Savings
0.75% Capital One 360 Savings
0.25% Unify (Western) FCU Money Market
0.03% Citibank Savings Plus
0.03% Chase Plus Savings

In some cases, MMA interest rates are tiered. If this is the case, I usually report the interest rate at the $10,000 tier in these updates. Rates are believed to be accurate as of 6/27/16. I did not include banks that had special, or introductory rates in the list because they are not ongoing interest rates. I am also not including non-liquid accounts such as CD's in the list. I have included one credit union in the list so that readers have a comparison point with banks. I recently added GE Capital Bank has changed its name to GS (Goldman Sachs) Bank. By a small margin, GS Bank Online Savings retains the top position on this list yielding 1.05% APY.

Western Federal Credit Union has announced that they have changed their name to Unify Financial Credit Union. All accounts and services are intended to remain the same after the name change.

The frequent changes show how variable the money market is. Because this is a constantly moving target, it has been very hard to keep track of the rates that I've been getting in my various money market accounts, and this is the main reason I've decided to compile a list of these annual percentage yields.

So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.

PFS

Thursday, May 26, 2016

Money Market Rates 5/16

Here are the latest money market interest rates of the banks that I've been tracking on my blog. Note that these rates are sorted by APY, and represent institutions that I have accounts at, or have otherwise mentioned in my blog:

1.05% GS (Goldman Sachs) Bank Online Savings
1.00% Ally Bank Online Savings
0.95% Discover Bank Online Savings
0.95% FNBO Direct Online Savings
0.90% American Express High Yield Savings
0.75% Capital One 360 Savings
0.25% Unify (Western) FCU Money Market
0.03% Citibank Savings Plus
0.03% Chase Plus Savings

In some cases, MMA interest rates are tiered. If this is the case, I usually report the interest rate at the $10,000 tier in these updates. Rates are believed to be accurate as of 5/25/16. I did not include banks that had special, or introductory rates in the list because they are not ongoing interest rates. I am also not including non-liquid accounts such as CD's in the list. I have included one credit union in the list so that readers have a comparison point with banks. I recently added GE Capital Bank has changed its name to GS (Goldman Sachs) Bank. By a small margin, GS Bank Online Savings retains the top position on this list yielding 1.05% APY.

Western Federal Credit Union has announced that they have changed their name to Unify Financial Credit Union. All accounts and services are intended to remain the same after the name change.

The frequent changes show how variable the money market is. Because this is a constantly moving target, it has been very hard to keep track of the rates that I've been getting in my various money market accounts, and this is the main reason I've decided to compile a list of these annual percentage yields.

So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.

PFS

Friday, April 29, 2016

Credit Card Bonuses 2016

Save money on purchases and get cash back with the following coupon codes and credit cards:

Citi Dividend Card
  • 5% cash back 4/1/16 - 6/30/16: Drug Stores, Fitness Clubs
  • 5% cash back 7/1/16 - 9/30/16: Hilton & Car Rentals
  • 5% cash back 10/1/16 - 12/31/16: Best Buy & Department Stores
  • 1% on everything else.
Discover Card
  • 5% cash back 4/1/16 - 6/30/16: Restaurants & Movies
  • 5% cash back 7/1/16 - 9/30/16: Home Improvement & Amazon.com
  • 5% cash back 10/1/16 - 12/31/16: Amazon.com & More
  • up to 1% on everything else.
Barclaycard Arrival World MasterCard (Travel Rewards)
  • 2.1% on travel and dining
  • 1.05% on everything else.
  • No annual fee.
BankAmericard Cash Rewards
  • 3% on gas
  • 2% at grocery stores
  • 1% on everything else.
  • No annual fee.
Costco TrueEarnings Card from American Express
  • I've stopped using my Costco American Express card since it will be discontinued early in 2016. At this point, I have no need for an AmEx card since Costco will no longer accept it.
Citi ThankYou Card
  • 2X points on Dining Out & Entertainment
  • 1X points on everything else.
Barclaycard Arrival Plus World MasterCard (Travel Rewards)
  • 2.1% on travel and dining
  • 2.1% on everything else.
  • ($89 annual fee after first year)

PFS

Tuesday, March 22, 2016

Money Market Rates 3/16

Here are the latest money market interest rates of the banks that I've been tracking on my blog. Note that these rates are sorted by APY, and represent institutions that I have accounts at, or have otherwise mentioned in my blog:

1.05% GE Capital Bank Online Savings
1.00% Ally Bank Online Savings
0.95% Discover Bank Online Savings
0.95% FNBO Direct Online Savings
0.90% American Express High Yield Savings
0.75% Capital One 360 Savings
0.25% Western FCU Money Market
0.03% Citibank Savings Plus
0.03% Chase Plus Savings

In some cases, MMA interest rates are tiered. If this is the case, I usually report the interest rate at the $10,000 tier in these updates. Rates are believed to be accurate as of 3/21/16. I did not include banks that had special, or introductory rates in the list because they are not ongoing interest rates. I am also not including non-liquid accounts such as CD's in the list. I have included one credit union in the list so that readers have a comparison point with banks. I recently added GE Capital Bank to the list, and GE has announced plans to sell their online deposit accounts to Goldman Sachs Bank. By a small margin, GE Capital Bank Online Savings retains the top position on this list yielding 1.05% APY.

Western Federal Credit Union has announced that they will change their name to Unify Financial Credit Union. All accounts and services are intended to remain the same after the name change.

The frequent changes show how variable the money market is. Because this is a constantly moving target, it has been very hard to keep track of the rates that I've been getting in my various money market accounts, and this is the main reason I've decided to compile a list of these annual percentage yields.

So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.

DC