A currency trader, also known as a foreign exchange trader or forex trader, is a person who trades, or buys and sells, currencies on the foreign exchange. Currency traders include professionals, employed to trade for a financial firm or group of clients, but they also include amateur traders who trade for their own financial gain either as a hobby or to make a living.
Read Entire Article: https://www.thebalance.com/what-is-a-currency-trader-1344938
Where investments are typically held for a period of years or even decades, traders buy and sell stocks, commodities, currency pairs and various other investment vehicles with the intention of generating returns that outperform a buy-and-hold strategy.
Trading profits are viewed as income since profits are “taken off the table” on a regular basis (as opposed to investing, where positions are generally left alone for the long haul).
Trading profits are achieved through buying low and selling high - and selling high and buying (to cover) low, in the case of short selling - and all trades are entered and exited within a relatively short period of time.
This time period can vary from a few seconds to months or even years, depending on the trader’s style. The following chart lists the four primary trading styles - position, swing, day and scalp - with the corresponding time frames and holding periods for each.
Type of Trades
Time FrameHolding Period
Position TradingLong TermMonths to years
Swing TradingShort TermDays to weeks
Day TradingShort termDay only - no overnight positions
Scalp TradingVery short termSeconds to minutes - no overnight positions
Read Article: An informative article explaining the main types of investment trades.
How voice recognition software can be used to hijack your smartphone, and how to protect yourself from it.
You may think watching videos on your phone is a harmless way to pass time, but watch out: Newly discovered voice commands could be hidden inside those videos to hack your smartphone through voice recognition.
To an untrained ear, the message may seem like noise, but for smartphone voice assistants, the message is clear.
"[The command could be in] some popular YouTube video that has this strange noise in the background that a human being would just dismiss as an oddity, but that at the same time that noise could be controlling a cellphone that just happens to be located next to a computer," said Micah Sherr, an associate professor in Georgetown University's Department of Computer Science.
Read Entire Article: http://www.cnbc.com/2016/08/29/secret-commands-in-online-videos-could-hack-your-smartphone.html
The concept of financial health also acknowledges the forces beyond our control. Just as physical health is a combination of behavior, genes and access to good medical care, financial health is a result of personal decisions and abilities, the economy and access to good, unbiased financial services and advice.
“There is an element of personal responsibility, but it’s more than that,” Schneider says.
Definitions of financial health typically have three factors in common:
How do you get there? These eight behaviors can help:
Spend less than you earn. This is the foundation for financial health. You can’t get out of debt or save for the future if your expenses eat up all your available income.
Pay bills on time. You manage your cash flow and meet your regular financial obligations. Missing payments costs you money in late fees, hurts your credit and causes stress.
Have a decent emergency fund. “Decent” varies according to your circumstances. The Center for Financial Services Innovation, which developed ways financial institutions can measure consumer financial health, would like to see everyone have six months’ worth of living expenses set aside. But as little as $250 can be enough to save a low-income family from a serious financial setback, according to a study by the Urban Institute, a policy research group. What’s more important than the amount is developing a habit of saving regularly so you continually replenish your coffers.
Read Article: http://www.jsonline.com/story/money/personal-finance/2017/04/15/eight-behaviors-lead-financial-health/100504300/
Successful day traders are able to utilize leverage to increase their buying power and take on much larger positions than typical investors. While this can increase profit potential, this strategy can also magnify trading losses and even create a negative account balance, in which case a trader would owe money to their broker. Day trading is not for the faint-of-heart, but if you start small, develop a trading plan, and then stick to that plan, you will find yourself in a better position to succeed. With all the risks involved in day trading, there are also plenty of rewards to be had, and many traders are putting away six-figure years regularly.
We recently had a chance to sit down with successful day trader Ross Cameron who has made a living trading the markets, and has been helping aspiring traders by teaching them his proven beginner day trading strategies. In 2012, he opened Warrior Trading with the mission to create a community focused on providing education and detailed analysis of trades—a hub for traders to exchange ideas, make friendships, and learn about the market. He has since taught online Day Trading Courses to thousands of traders around the world and engages with his students on a daily basis through his Day Trading Chat Room.
Read Entire Article: http://www.huffingtonpost.com/allan-smith/day-trader-makes-9411954-_b_13160778.html
Miyako is a chemist at the National Institute of Advanced Industrial Science and Technology in Tsukuba, Japan. He became passionate about the loss of pollinators after watching a TV documentary. It showed him the value of pollination. It also motivated him to take action.
In 2007, he had tried to make a gel that conducts electricity. But it was “a complete failure,” he recalls. So he poured the liquid into a jar, put it in a drawer and forgot about it. Cleaning out his lab in 2015, he accidentally dropped the jar and broke it.
Surprisingly, the gel was still sticky. It even picked up dust from the floor. Miyako realized that the way the gel captured dust was similar to how the hairs on honeybees trap pollen. At that point, a lightbulb went off in his head. Might this be the key to artificial pollination?
Read Article: https://www.sciencenewsforstudents.org/article/fleets-flying-robots-could-pollinate-crops
We issued this investor guidance to provide some basic information about day trading margin requirements and to respond to frequently asked questions. We also encourage you to read our Notice to Members and Federal Register notice about the rules.
Summary of the Day-Trading Margin RequirementsThe rules adopt the term "pattern day trader," which includes any margin customer that day trades (buys then sells or sells short then buys the same security on the same day) four or more times in five business days, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period. Under the rules, a pattern day trader must maintain minimum equity of $25,000 on any day that the customer day trades. The required minimum equity must be in the account prior to any day-trading activities. If the account falls below the $25,000 requirement, the pattern day trader will not be permitted to day trade until the account is restored to the $25,000 minimum equity level.
The rules permit a pattern day trader to trade up to four times the maintenance margin excess in the account as of the close of business of the previous day. If a pattern day trader exceeds the day-trading buying power limitation, the firm will issue a day-trading margin call to the pattern day trader. The pattern day trader will then have, at most, five business days to deposit funds to meet this day-trading margin call. Until the margin call is met, the day-trading account will be restricted to day-trading buying power of only two times maintenance margin excess based on the customer's daily total trading commitment. If the day-trading margin call is not met by the fifth business day, the account will be further restricted to trading only on a cash available basis for 90 days or until the call is met.
In addition, the rules require that any funds used to meet the day-trading minimum equity requirement or to meet any day-trading margin calls remain in the pattern day trader's account for two business days following the close of business on any day when the deposit is required. The rules also prohibit the use of cross-guarantees to meet any of the day-trading margin requirements.
Read Entire Article: http://www.finra.org/investors/day-trading-margin-requirements-know-rules