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How to Protect Yourself From Rogue Forex Brokers


A forex scam happens when a forex broker convinces traders that they can gain extraordinary profits in the foreign exchange market. There are many scams out there but the more common ones involve:

Before picking a forex broker you should do your research. Having a look through various online brokers reviews and guides can be quite helpful. Looking at some the of the online forums for trader-reviews of brokers can be a worthwhile exercise too as often times these reviews are extremely unbiased and no-holds barred. You should look through several of these forums to get a comprehensive picture of the online broker being reviewed. Also, keep in mind that some reviews don’t reflect typical trader experience with the broker and a negative experience can be owing to a broker’s lack of trading experience or just aggressive or poor decision making. Try and find information on the reviewer’s trading experience.

How to tell if a trader is really scammed or just inexperienced?

When reading trader reviews and trader posts in online forums it’s a good idea to keep in mind that some negative reviews are owing more to the trader having little trading experience and less to an online forex broker providing a bad service or product. In addition to the tips listed above, there are a few ways you can tell if a trader has little experience. Take a close look at what the forum post has to say about a particular trader.

An inexperienced trader may leave a spot position open beyond a day and thus pay for “resettling” his account for the full bid/spread price. An inexperienced trader may also use 0.5 – 2% margin (rather than a safer 10%) in trying to gain an out-sized profit. Inexperienced traders may also be more likely to trade with a broker that charges extremely small spreads or very low commissions but runs a dealing desk and takes the trader for a considerable sum on every trade – experienced traders are less likely to trade with these kinds of brokers. Lastly, inexperienced traders are more likely to write about problems with their mini accounts and may complain of losing their first deposit of $50 to $200. More experienced traders are likely to open larger accounts and trade larger sums.

How to protect yourself as a forex trader

There are few important points to remember before jumping into trading. Make sure to read the fine print before investing – and understand the limits of what a broker is offering. What commissions or spreads is the broker going to charge on a trade? Are there any hidden costs or fees like settlement fees, wire fess, account maintenance fees, etc? Check your trades to see the lag time for order execution. Look into how long it takes to receive payment when you decide to liquidate your account. If your broker won’t let you take your investments out right away, consider it a warning and don’t invest with them.

Unfortunately, forex scams are a reality so do your research before opening an account with an online forex broker. Find the broker that’s right for you by reading online reviews and online user forums. Make sure to educate yourself on a brokers trading terms and conditions – read the fine print. If in doubt contact the broker’s customer support. If you are new to online forex trading, open a practice account before trading real money. If you do find a forex scam, post a detailed experience online for others to read so no one else get burned.

Jeremy White is a currency trader that helps others who are getting into the forex markets avoid costly mistakes. Check out

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for comprehensive and unbiased

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and rankings. Forex trading can be unforgiving for newcomers. Let Jeremy guide your through the market.

How to Find a Reliable Forex Broker


Finding a reliable forex broker can be challenging but not impossible. Search the internet to locate various brokers and then do a comparison on their services, offerings, fees, commission structures and other charges.

One of the most important things to remember is to make sure they are accredited in foreign exchange trading and foreign currencies. Secondly always review their commission structures and the spreads they advise you to use during your trading.

Foreign exchanges and currencies can be confusing but also very profitable. Without a reliable forex broker you may not obtain the returns on investments you may expect.

To raise your earning opportunities through investments in foreign exchange markets you should engage an experienced forex broker. So even though it is challenging to locate a viable broker it is possible. Proper research in locating a successful broker will increase your chances of success.

A broker that has extensive experience and knowledge of foreign exchanges and foreign currencies will give you the best chances of being successful. The advice and strategies a forex broker will apply to your trading can determine both your profitability and your broker’s commissions. It is in both your best interests to be as experienced as possible.

If you truly want to become a successful trader you will need a top experienced forex broker to guide you through the various rules and regulations associated with foreign exchange and currency trading. This is essential if you do not want to lose money on your investments but instead have a steady growth and success rate.

Finding the right broker to meet your trading requirements will depend on you performing the properly analysis and comparison to locate the best possible brokerage firm. That is the first step to success. Secondly you and your broker will need to work together to create the right trades to meet your goals of investing wisely.

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How to Get Your FICO Credit Score For Free


It is highly recommended that you take responsibility for protecting your financial reputation by checking your FICO Score at least once every year. It is easier to do that you might have thought given you can do it right here online and for free. No reason to procrastinate especially since your score determines the interest rate you will be charged when you borrow from any bank or lending institution. That’s right your credit score will determine the interest rate of student loans, mortgages, credit card and lines of credit rates. Given the rate of identity fraud and data entry mistakes it is irresponsible if you do not to check out your credit score annually.

If you are looking for a job you should know that your next job search success could be jeopardized by failing to check out your score? Most employers will check out your credit score as a consideration in hiring. Want to rent a nice place? What if the landlord declines your application because your FICO score is low? Cell phone companies, hydro companies, and other utility companies will check your credit score before approval is granted. A lot rests on your credit report’s accuracy.

An easy popular way to check is right online with a free credit report. There are many reputable companies online offering this service for free. Additional services may be offered such as credit protection but these services are optional. Your score ranges from 300 to 850, with 850 representing a perfect credit rating. You are encouraged to become familiar with your FICO score and check it once a year. The sooner you discover any problems with the data entry from human error or from identity fraud you can report these errors and protect your credit rating as soon as possible. Don’t risk paying more interest on that next car loan!

How Do I Check My FICO Score and Credit Report?

Now that you are aware of how your FICO score impacts your finances, you may be wondering “How do I get my free FICO score?” Easy, To learn more about obtaining a free online credit report, visit [http://freecreditreports101.com/], an excellent resource on credit reports and your credit score.

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Credit Cards: Identity Theft and Credit Protection


According to the Federal Trade Commission, there are approximately nine million Americans that experience identity theft every year. Identity theft happens when an unauthorized person takes control of your personal information, including your social security number and your credit card details, and uses it for his or her own interests. Many companies are quick to respond to these instances. They now offer services and products that can monitor the use of your card, protect your identity, and reimburse the lost funds.

Credit Card Fraud vs. Identity Theft

Identity theft is not the same as credit card fraud although they are often connected to each other. Identity theft is what happens when a criminal takes your identity and performs transactions with your card. Usually, there is financial motivation with the guise, such as purchasing items online using your name. Most thieves today can change your credit information, make new accounts, and even use your ID to commit crimes.

On the other hand, credit fraud starts when someone has stolen your card. Once they have your credit card number, they can then use it to purchase online or even in person. They typically resell the goods in order for them to obtain cash. Oftentimes, credit fraud leads to identity theft.

Do You Need Identity Theft Protection?

Everyone with a credit card needs protection against identity theft. While there are tools that can be bought to help keep you safe from this criminal act, there are measures that you can do that don’t cost money. Practice them first before you resort to services with fees. Here are some of the things that you can do to help safeguard your card and your identity:

Credit cards usually come with identity theft protection. They can monitor your activities and may report to you in case there are detected changes. While these are useful, it always pays to be a vigilant cardholder by performing the DIY methods mentioned above.

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Free Car Insurance Quotes – 6 Ways to Slash Your Premium


When was the last time you compared free car insurance quotes? More than a year? More than two? According to the National Association of Insurance Commissioners (NAIC), only 20 to 35 percent of us compare car insurance rates annually. If you are part of that group, there is a good chance you are paying more for car insurance than you need to. Perhaps a lot more!

But before you dial up the phone and start calling insurance companies, take a moment to review a few steps that can help to reduce your insurance premiums. Not all of these steps will apply to every individual, but there should be a couple of items on the list that can significantly reduce your car insurance cost.

1. Make sure you inform the insurance company of any recent changes to your vehicle that could affect your insurance rate. For instance, have you installed an anti-theft device?

2. Think about any changes in your lifestyle that would affect your driving habits. Have you left a job in order to work from home? The reduction in miles driven can have a significant impact on your car insurance quote.

3. Check you budget and decide whether or not you can afford to pay your entire car insurance premium up front. While it can be convenient to pay monthly or quarterly installment payments, the insurance company usually adds an administrative or finance fee to your premium. When you are comparing car insurance quotes, ask each provider if they offer a discount for customers who pay in full within the first ten days of the policy.

4. If you have teen drivers in the household, wait until they are fully licensed before adding them to your car insurance policy. Most insurance companies will extend coverage to teens with learning permits without listing them as drivers on your policy.

5. Ask about good driver car insurance. This type of policy requires the placement of a small tracking device in your vehicle — and then checks up on speed, acceleration and braking patterns. The result can be lower premiums for safe driving habits.

6. Ask about pay-as-you-go or by-the-mile insurance. While not offered by every insurance company, these types of policies are becoming increasingly popular in certain states. Programs like these reduce premiums for auto owners who drive fewer miles, thereby reducing traffic, pollution and the risk of car accidents. According to a recent study, almost two-thirds of households would pay less for auto insurance under this type of plan, resulting in an average savings of $270 per car per year.

So there you have it. Now that you have a few new ideas for reducing your car insurance costs, you can start gathering those free quotes.

Luckily, online car insurance providers have made this process a breeze. By entering your information into one online form, it is possible to get as many as five free car insurance quotes [http://www.shop-car-insurance.com/] quickly and easily. If you are interested in learning more about car insurance quotes, be sure and visit the website recommended below.

Barb Dearing is a freelance writer, specializing in topics that help consumers save money in a variety of areas. She recommends the following website for consumers seeking multiple car insurance quotes: [http://www.shop-car-insurance.com/]

Car Insurance Quotes – Get Quotes, Compare And Decide


You may wonder why car insurance quotes vary so largely, if taken from different insures. There are many reasons and factors which affect the auto insurance quotes. Some companies consider a certain thing to bear more risk factor those other things. From state to state, even within a state, the rate of premium charged by the auto insurance companies vary.

Factors Affecting The Premium Offered

The prime factor which companies go for is the make of your car, its condition, the safety features installed in it and its overall maintenance. In case of a new car, insurance quotes depend on the size and kind of engine. A sturdy big car may be quoted with a low premium than a flashy sports car. This is because, sports cars are believed to be more accident-prone, thus have large risk factor.

Another very important thing which decides the car insurance quotes is the area in which the car is primarily driven or parked in. In big cities, vehicles are considered to be at a high risk of theft, vandalism and accidents. Thus, any auto insurance company will quote higher rates of premium in these cities. Your driving record, age and sex also play important role in deciding the premium. Women are considered safer drivers, while young people are considered high risk drivers.

Ways To Lower Premium

There are some basic ways in which you can lower your car insurance quotes:

Choose your insurance company wisely. Compare rates; do research on the company’s reputation and service record. The best auto insurance company will give you value for your money, counsel you on the various options available in choosing the policy, tell about the ongoing discount offers and make a no-hassles claim adjustments.

Get car insurance quotes from different insurance companies. You can take help of specialized website, which have links to reputable companies and then you can decide which one to choose. Don’t go only by the cheapest quotes, base on decision on the various factors like the company’s reputation, experience, ratings, customer friendliness etc. Drive your car with peace of mind that you are insured and all emergencies will be taken care of.

Car insurance quotes [http://www.bestautoinsurancecompany.info/carinsurancequotes.html] taken from auto insurance company [http://www.bestautoinsurancecompany.info/autoinsurancecompany.html] give a fair idea about the market rate and type of insurance suitable for a particular customer. The premium rates are decided by many factors, like safety of car, kind of car, its condition etc. For more information visit best auto insurance company [http://www.bestautoinsurancecompany.info/index.html].

Low Home Refinance Mortgage Rates – Versus Risks of Refinancing


Refinancing is a great means by which we can achieve low home refinance mortgage rates, build home equity and obtain substantial cash. Indeed there are significant benefits and advantages that the people who go through this financial process can enjoy, however it cannot be denied that there are also disadvantages involved.

It can be said that in order to enjoy cash, one should experience risks and while it might generally be true, in other cases such risks are simply too big to be worth it. Therefore, if you have thoughts about refinancing, you must study all the possible risks in order to arrive at a right decision that will make you financial situation stable.

One important step to do is carefully check the fine prints on the mortgage. The tiny printed clause might provide you with the reason that will have you decide whether you need to refinance or not. For example, you might not notice but some lending companies mention in small print clauses on penalties and fines associated with early debt payment and consequently outweigh the financial gains you will enjoy from refinancing.

You must not decide quickly on refinancing just because you are offered low home refinance mortgage rates. For example, the time you decide to spend to stay put in your home property is a factor that you need to consider as it will tell you if refinancing is worthwhile. Will you stay in your property long enough to able to at least break even and meet your new closing cost? If so, then there is reason for you to refinance. However, if you have plans of moving or selling your property before the expiration of the prescribed time period, then you definitely have no reason to go for refinancing.

You will also need to know if you will have to go through refinancing using a fixed or variable home refinance mortgage rates. The fixed type keeps the rate of interest at a single level. On the other hand, the variable refinance home mortgage rates go up and down during any give period of time. If you decide to stay put on your property for a long time, then in the long run you will certainly benefit for fixed type of refinance. However if you sell your home early even before rates can increase, a variable type of refinance home mortgage rates is the right option.

Refinancing your mortgage may or may not be for you, it depends on the present factors involved. In fact, it is not for everyone. As it is, even if you can actually enjoy low home refinance mortgage rates with smaller monthly payment, still there are existing risks to consider. It is best to discern if such risks is worth your move to refinance your debt.

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Forex Megadroid – Why the Forex Megadroid is Unique Compared to Other Forex Trading Robots


It has only been released to the public in March 2009, but the Forex Megadroid is turning out to be one of the most reliable forex robots in the market today. Unlike older versions of forex robots, however, it has certain unique features that make it a little different from the rest.

Everyone knows that other forex robots make use of historical data from previous market scenarios. Based on the gathered data, these forex robots make decisions and generate profits successfully. On the other hand, the Forex Megadroid does not take advantage of this mechanism – but improves on it. Instead of using past information to make its trade decisions, it analyzes past as well as current available data relating to market volatility and predicts whether or not a particular trade will reap profits.

Successful forex traders Albert Perrie and John Grace, the inventors of the Forex Megadroid, designed the software in such a way that it thinks, learns and trades like a human being. In fact, Perrie and Grace fashioned the software to make decisions based on the vast experiences they have gained in forex exchange trading.

Particularly, the Forex Megadroid makes use of a special feature called the Reversed Correlated Price and Time Analysis (RCPTA), which is basically a form of artificial intelligence. With the use of the RCPTA, it enables the forex robot to find patterns in forex market scenarios and comes up with the best possible trading option. It does this by making comparisons in available data and historical data regarding market conditions.

Through the strategy described above, the Forex Megadroid is capable of adapting not only to present conditions, but to future trading scenarios as well. Every time a particular trade decision does not produce satisfactory results or a previously successful strategy does not work on a specific market scenario, it familiarizes itself with that mistake and adjusts its strategy like a normal human being would.

This improved mechanism has worked wonders for the Forex Megadroid and its users. In fact, this forex robot is so effective at making predictions that it is capable of constructing almost flawless market forecasts that are about to happen two to four hours in advance. It boasts of a 95-96% rate of accuracy and a 97% chance of gaining money in a trade.

The only concern that remains among its users is this: Will it live up to its claim of being able to adapt to any market condition? Considering the short span of time the Forex Megadroid has been available in the market, the answer to this question remains to be elusive But for now, it is easy to say that it is in fact a very effective forex trading tool.

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Turn Spare Change Into an Income With Automated Forex Trading!


Automated Currency Trading is the next big thing for people looking to make a living a home. Currency Trading is now a breeze to pick up as it can be a totally hands off business using the correct Automated Currency Trading Systems.

If you are an investor and you haven’t had any luck with your investments one of the things you should consider includes currency trading. You don’t need to have any pre-qualifications when you learn an automated currency trading system. You can start with a small amount to open an account. There are plenty of ways to get started. A small deposit of as little as $250 gets you a robot trading account. Many of these offer e-books for instructions and learning and will even guide you through designing your investment strategy.

When you open a Forex trading account with many online robots starting with $5,000 to $10,000, the account will usually come with free online automated currency trading classes. The classes will walk you through everything you need to do to get started with your automated investments. You will learn the right time to enter a trade, how many trades to make, how to manage your positions, and the right time it is to exit specific trades.

Even if you are a complete beginner, you can still start trading almost instantly. Anyone can invest. Beginners can learn Forex trading. Even expert investors take advantage of trading classes and investing in the Forex market because it is the best way to invest today and finally make a big return on your investment. Automated Trading Systems are ideal for people that are new to Forex Trading. Currency trading is where the money is today and anyone can use an automated system.

A trading strategy is extremely important when you are an investor. Most Forex trading systems will teach you how to build a strategy that works for you. You can learn step by step how to buy and sell currencies at the right time. You need to know how to manage stop losses and your money. Automated currency trading is the best solution because all of these things can be learned and work for you while you are away. This is a real set it and forget system once its installed.

People trading in the stock market who are losing their shirts are now switching to the currency markets. It is definitely the route to go when you are looking for a new way to trade. Currency trading may seem a little scary as opposed to stocks. However, the market is excellent and there is a lot of money to be made in currency trading.

Forex trading is the best solution for someone who is not doing well with stocks and bonds and looking for something new. You will have to open a minimum account in order to get started. If you begin your investment with a large amount of money you may even have access to free classes to get your started. Automated currency trading is the best thing you can do because you won’t miss the good trades because the system will do it for you.

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Refinance Mortgages – Tips For Finding the Best Home Mortgage Rate


There are many reasons to refinance mortgages. Borrowers often refinance when interest rates drop. As little as one-quarter percent decrease can save homeowner’s thousands of dollars over time. Refinancing provides cash back which can be used to pay off credit card debt, student loans, home improvements, financial investments or vacation.

Borrowers who refinance mortgages pay off their original home loan by taking out a new loan. Homeowners can obtain refinancing through their current lender or shop around for the best home mortgage rates.

Borrowers with FICO scores of 750 or higher have the benefit of obtaining financing from nearly any lending institution. Borrowers with less than perfect credit may find it challenging to refinance through conventional lenders.

Qualifying factors for home loan refinancing include employment history, financial ability to repay the home loan, appraised property value, and debt-to-income ratio.

Think about other types of lending institutions when comparison shopping for mortgage companies. Credit unions and thrift institutions sometimes provide lower interest rates and are more open to refinancing mortgages for people with bad credit.

Individuals who don’t have time to shop around for best refinance rates might want to use the services of a mortgage broker. It is important to work with brokers well-established within the lending industry, as they are swiftly able to locate suitable lenders.

Mortgage brokers are required to be licensed in each state they conduct business. Clients must sign a contract authorizing brokers to act as their agent. Mortgage brokerage fees are charged in addition to loan application, origination, and closing settlement fees.

It is a good idea to shop brokers and compare mortgage refinancing fees. The best source for locating licensed brokers in the United States is the National Association of Mortgage Brokers at namb.org.

Homeowners should calculate all costs associated with refinanced mortgages. Most mortgage notes and trust deeds include a prepayment clause and assess penalties when loans are paid off early. In most cases, closing costs will be assessed on the new loan.

The initial expense of mortgage refinancing can be recovered over time through reduced monthly payments. While settlement costs can be $4,000 or more, refinancing could save homeowners $40,000 over the term of the note.

Individuals who need help understanding the advantages and disadvantages of mortgage refinance should consult with lenders, brokers, credit counselors or housing counselors. The Department of Housing and Urban Development (HUD) provides a nationwide list of housing counselors at hud.gov.

Homeowners with FHA loans might qualify for the Streamline Refinance program. Borrowers who qualify under the Federal Housing Administration guidelines can refinance mortgages without undergoing the credit qualification process.

Real estate investor and published author, Simon Volkov, presents a variety of real estate and

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articles via his website and various article directories. Simon specializes in providing solutions to homeowners who are facing foreclosure or obtained short sale approval. He is currently buying houses in southern California, Washington, Arizona and Nevada. If you need to sell your house fast to avoid foreclosure, visit