Financial News Network

There are three major mistakes too many newbies make as they dip their toes in the wild waters of foreign currency trading. If you are serious about succeeding in forex trading, here are three big DON’Ts. 1. DON’T miss the step of trading on a demo account before using real money. Your broker should let you open a demo account where you can practice forex trading without risking real cash. You’ll find out how to place your orders, how to follow what’s going on with your trades, when to get in and out of positions, etc. Every forex trader wins some and loses some. ... Read Full Story

The Special Report You Need to Read Before You Even Think of Investing in Underground-Cash. From The Desk of FXC GROUP NET Product: Underground-Cash ( This has NOTHING to do with undergrundcash.com ) Review Date: February 16th, 2009 Product Type: Forex Currency Trading Course   I want to be the one who takes the decisions. And I’m sorry if it sounds a little bit demanding,  but I have been depending on other peoples skills for too long.  For years I have invested money in one program after another using traders that couldn’t deliver what they were promising.  Whether it was good or bad skills,  ... Read Full Story

This aired back on CNN on March 1, 2008. Today from the Wall Street Journal Online Worst Crisis Since ’30s, With No End Yet in Sight by Jon Hilsenrath, Serena Ng and Damian Paletta Wednesday, September 17, 2008 provided by The financial crisis that began 13 months ago has entered a new, far more serious phase. Lingering hopes that the damage could be contained to a handful of financial institutions that made bad bets on mortgages have evaporated. New fault lines are emerging beyond the original problem — troubled subprime mortgages — in areas like credit-default swaps, the credit insurance contracts sold by American ... Read Full Story

Let's imagine, for a moment, how different the public debate would be today if it had been unions that had caused the current economic turmoil. In other words, try to imagine a scenario in which union leaders - not financial managers - were the ones whose reckless behaviour had driven a number of Wall Street firms into bankruptcy and in the process triggered a worldwide recession. Needless to say, it's hard to imagine a labour leader being appointed to oversee a bailout of unions the way former Goldman Sachs CEO Henry Paulson was put in charge of supervising the $700 billion bailout of his ... Read Full Story

"The Congress told the American people to go to hell." -Lou Dobbs, on the passage of the 700 billion dollar Wall Street bailout plan, 10.1.08. PART I: REPEALING ROOSEVELT The federal reserve is still struggling to contain what is already the most severe credit contraction since the Great Depression. Yet in all of the press coverage, commentators have scarcely acknowledged that this old-fashioned panic is a child of deregulation. During the past decade, the financial economy has repeated the excesses of the 1920s -- too much borrowing to underwrite too many speculative bets with other people's money, too far beyond the reach of regulators, ... Read Full Story