Archive for the ‘Financial knowledge’ Category

PostHeaderIcon Stock Market Holidays

Stock Market Holidays

stockmarketholidaysThe typical stock market holidays don’t change very much.  The list of holidays stays pretty static from year to year.  But as employers shift their holiday schedules around, it is important to understand what the market is doing too.  After all, you don’t want to schedule an important trade on the day a stock exchange is closed.

Stock Exchange Schedules

First off, we want to make it perfectly clear that we understand that we live in a global economy and that other countries do not celebrate all of these holidays.  None the less, the largest stock markets in the world are located in the United States and they do follow an American holiday schedule.

If you want to see all of the stock market holidays throughout the world, we suggest you take a look at our article on stock exchanges.   That particular article points to articles on international stock exchanges and their individual holiday schedules.

Fortunately all of the major American exchanges – the NYSE Euronext, NASDAQ and American Stock Exchange – follow these same holiday rules.  That being said, listed below are the official stock market holidays for the calendar years 2005, 2006, 2007, 2008, 2009 and 2010:

Stock Market Holiday Schedule 2010

 New Year’s Day January 1, 2010
 Martin Luther King Jr. Day January 18, 2010
 President’s Day February 15, 2010
 Good Friday April 2, 2010
 Memorial Day May 31, 2010
 Independence Day July 5, 2010 (Observed)
 Labor Day September 6, 2010
 Thanksgiving Day November 25, 2010
 Day after Thanksgiving  Early close 1:00 p.m.
 Christmas December 24, 2010 (Observed)

Special Holiday Rules

Here are some of the special rules that apply to holidays:

  • The Day after Thanksgiving is not an official holiday; however, the market has a tradition of closing at 1:00 p.m. on this day.
  • When any holiday that is observed by the stock market or stock exchange falls on a Saturday, then the market will not be open for business on the proceeding Friday.
  • When any holiday that is observed by the stock market or stock exchange falls on a Sunday, then the market will not be open for business on the following Monday.

Some of these holidays move around, depending on the calendar year.  Here are a couple of rules for those holidays:

  • Martin Luther King, Jr. Day is celebrated on the third Monday in January
  • President’s Day is celebrated on the third Monday in February 
  • Memorial Day is celebrated on the last Monday in May

Stock Market Hours of Operation

As long as we’ve mentioned the rules for stock market holidays, we thought that we would throw in the stock market hours of operation too.  The regular hours trading hours of the stock market are 9:30 a.m. to 4:00 p.m. Eastern time.  The after-hour sessions run from 4:00 p.m. to 6:00 p.m. eastern time for the NASDAQ and 4:00 p.m. to 8:00 p.m. on the NYSE Euronext.

 

PostHeaderIcon Successful Forex Traders – What’s Needed to Become One of Them?

Successful Forex Traders – What’s Needed to Become One of Them?

Today’s forex trader no longer has to work for one of the world’s financial centers. They now can trade from his or her

key for forex

key for forex

own home or from anywhere else they choose as long as an Internet connection is available.

People who decide they want to trade in the forex market can make a good part-time income. Taken a step further, they can also make a full-time income from it. But let’s back up for a minute and take a look at what the forex market is and how it works.

A foreign exchange trader makes deals with foreign currencies, obviously. A forex trader sells one currency that is declining in value for another that is increasing in value. Two currencies (a currency pair) are involved in the trades. If a trader wants to buy dollars, then he or she has to have another currency to exchange for them.

Those who are new to the foreign exchange market are advised to work with only one currency pair at a time. Most beginners appear to do best when trading in the euro/US dollar (EUR/USD) market; in addition, these two form biggest forex market, and plenty of information is available for trades in this particular market. It also has a tendency toward lower costs and presents some stability, considering how volatile the forex market is.

Nevertheless forex is a volatile market, to say the least. This means that the prices can rise and fall steeply and quickly. The risk is high. It is easy to lose money. In fact, some losses are inevitable, so you should manage your account so that you never risk too much on one trade. You can use stop losses so that your broker will automatically sell if the price goes a certain way against you. The aim is not to have no losses, but to make sure that your profits are higher than your losses so that you end up with a net gain.

You’ll need a computer with a high-speed Internet connection whenever you want make a trade. You’ll also need to set aside the time required to learn a profitable trading system, and then on the actual trading. It takes some self-control, but you’ll need to lock yourself in a room for at least two hours a day for study if you want to become a competitive trader. Don’t try to trade while working at your day job. You’ll never be able to give it enough attention to do well. The same goes for using the computer from home with kids crawling in and out of your lap wanting to play. This can’t be stressed enough: Learning the forex market requires your full attention.

If you’re a cautious person who likes a solid investment with predictable low returns, you shouldn’t become a currency trader. Forex traders are people who enjoy risk and love the challenge of trying to turn a profit in a fast moving market.

It’s easy for a newbie trader to lose focus of goals and allow emotion to control his or her decisions. If you want to become a successful trader, it’s of paramount importance to set goals and maintain focus on them. Likewise, keep your emotions in check and don’t allow them to control you. Also, pay attention to the financial news coming out of the world’s major powers as well as the news in your own country, since a nation’s events can and will have a bearing on the forex market. Maintaining these characteristics and having an effective trading system in place allows a beginner to be well on the way to making financial gains in the foreign exchange market.

PostHeaderIcon How to Find Refinancing By Refinance?

How to Find Refinancing By Refinance?

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