Keep Your Eye On The Yellow Light
47151
Finance > Currency Trading
Oct 9, 2007
ergo_items
Keep Your Eye On The Yellow Light
I think I was 30 before I figured out the yellow traffic light didn't mean I was supposed to mash my foot on the gas peddle because the light was turning red. As I got older and wiser, I didn't need to go as fast as I did when I was young and somehow I found stopping safely to be more valuable than beating the light. Online investors can use some of that wisdom as they go about the business of putting their life savings into investments hoping to make even more money for their future. For every legitimate broker and stock out there, the number of fraudulent incidences triples. Anytime you are involved in online trading, keep your eyes open for these yellow lights. Bad Information Stock tips are everywhere. Internet sites, blogs, papers, dentists, and friends - they all have something to say about stocks. The problem comes in knowing the difference between a good tip and a lie designed to misdirect your investing strategies. There is a myth that Rockefellers dumped their stock right before the crash of 1929 because Mr. Rockefeller got a stock tip from a shoe shine boy that was so obviously incorrect he became worried about the stability of the whole market. True or not, it points out a viable concern. Bad information about stocks can harm the economy at the personal and holistic level. A common fraud scheme is called "pump and dump" where fraudulent information about stocks is broadcasted all over the internet to make a stock appear hot. Once people jump into it the initial upswing makes it look like a good deal and more people invest until the information turns out to be false and the stock price falls dramatically. Be wary of anyone or website giving you fast breaking tips without research. Fake IPO's Initial Public Offerings, called IPO's , are given as soon as a stock becomes public for the first time. The attraction is that you can get in at the "bottom floor" of a stock and ride it to the top. Because of the nature of an IPO (frequently companies that are new or unheard-of) it is easy for scam artists to run a con pretending to offer you an IPO on a new company that really doesn't exist or isn't going public in the first place. The con scheme costs people millions of dollars a year in lost investment capitol. By the time you realize there is no company, the person who has your money is as invisible as the offering you thought you were getting. Every company, even a new one, has some history and licensing. Check out an IPO very carefully and remember if they are pushing you to move too fast for safety, then its time to stop. Corporate Lies The Securities and Exchange commission does everything in their power to keep corporations from giving out false information. As Enron has shown us, though, some lies are so big that even the people telling them may begin to believe they are true. The best way to defend against a company saying they are doing much better than they actually are is to balance your portfolio with stable stocks and bonds. Instead of investing everything you have in any one company, put your money in several places so that if there is a case of corporate fraud you won't lose everything. Online trading can be an adventurous ride. If you keep your eyes peeled for the warning signs, your investment future can be as green as go.
James Brown writes about Irwin Union Bank promotion code, Western Union discount codes and pennystocks.com coupon
send email to ergo_items
Write a Review
Add to My Favorite
Refer it to Friend
Report Article
Other links owned by this user
The traditional images of pilgrims sitting at a table enjoying a big meal with Native Americans are not very historically accurate.
Category:
Some people spend a considerable amount of time placing shrubbery and trees in a home landscape but never consider using any type of garden accessory to accent the greenery in any way.
Category:
Communication has evolved into different channels and one of the most commonly used and for a fact abused is the World Wide Web. This system of communication collectively connects all computer networks all over the world unto one giant community.
Category:
A recent episode of the BBC's hit reality show, The Apprentice featured the two teams in competition to push products of a choice of countries.
Category:
Investing has evolved from being a simple buy and sell venture of years gone by. Investing to win is a complex, knowledge and information intensive venture.
Category:
The arrival of a new baby in a family is truly an exciting feeling as the family welcomes a new addition who will be bringing loads of happiness and joy
Category:
When shopping online for motorcycles or parts for the motorcycle you already own can be easy, fast, convenient and less expensive.
Category:
Every store one goes in has some sort of toy section. Then there are stores devoted exclusively to toys. Some toys are loud, while some are quiet.
Category:
Party planning can be stressful but with some helpful tips your child's party will run smoothly.
Category:
Pet owners have increased in multifold, likewise pet health supplies have increased tremendously. Pet health supplies have become one of the emergent businesses of the pet industry. Distinct ideas in nutrition, care, food supply, and pet products have giv
Category:
Some people have no use for the double garage portion of their home. Their homes are equipped with protection from the wind on both sides and the distance is relatively short to the back door should a downpour occur at any moment.
Category:
Most people may not realize the importance of having life insurance which can definitely help your dependents financially in case anything happens to you.
Category:
A lot about your health can be revealed from a regular eye examination. Having an eye examination once or twice every year is important in helping to protect your vision.
Category:
Halloween cannot do without jack o' lanterns. A jack o' lantern is a pumpkin whose interior has been removed and whose walls has been thinned out. It is carved into different designs with a light placed inside it.
Category:
Tennis is a sport that has fans and competitors in over one hundred countries around the world.
Category:
If you are a dog owner, then chances are you have wanted to let your dog stay outside at one time, and a dog house makes this possible. A well built dog house is like a well built house for your dog, and it should provide shelter from the elements, be wat
Category:
Ever tried having sand stuck in your bathroom floor drain? This can be pretty annoying right? Sand being stuck in the drain cannot be removed by merely utilizing your typical rubber suction tool. The p-trap cover has to be removed to take away that nasty
Category:
Teaching a child to cook can be an exciting time for the child but stressful for you.
Category:
Other links at Finance > Currency Trading
Today was a perfect day to test your discipline: We went long at 1190.00 and the reversing order was placed at 1192.25. Prices moved up to 1192.00 and reversed. One hour later we tried to reverse at 1191.00. Again prices moved up to 1190.75 and reversed.
Category:
This article attempts to ascertain whether it is possible to have an automatic 20 pip forex trading system that actually works or not based on the authors experience in the forex capital markets as a retail forex investor.
Category:
For traders, getting forex training provides an alternative investment option to traditional stock market investing. This article will help you know what your training should include.
Category:
Everyday, many people from around the world join and use the Forex, as this is the place where traders, brokers and other people buy and sell currency. It is a place where a person can make a huge profit, if he knows exactly what he is doing.
Category:
Finding the best broker that meets your needs is an essential element to success when trading in the Forex, or foriegn exchange currency, market.
Category:
Site Sponsor
Directory Statistics
Articles: 68285
Categories: 501
Yahoo Entertainment
