A trading channel is a useful tool for medium and short term trading of equities. It is the space between a parallel set of lines on technical analysis charts. For this charting pattern to emerge the price of stocks needs to move reliably between support and resistance zones. A channel is only considered tradable when the stock price has cycled back and forth at least three or four times. A channel six cycles long or more is considered very reliable for trading stocks in the short and medium term. A trading channel is not especially useful for day trading and is not a tool for long term investing.

If you follow technical indicators with tools such as Candlestick charting you will be able to spot the development of a trading channel. The standard means of trading a channel is to buy at the bottom of the channel and sell at the top. Then sell short at the top of the channel and buy again at the bottom. In a well developed channel a trader will be able to do this a number of times but, eventually, the stock will break out of its trading range. Read more…

Roth-IRA is an individual retirement account , which is being adopted by people of today on a vigorous basis. Visiting roth-ira.org for more information regarding the scheme and obtaining more inputs, shouldn’t go down as a bad idea.

Roth-IRA as everyone very well knows, is a wealth-building tool. It’s one account which proves very advantageous to anyone who resorts to opening it. Now this kind of vital information regarding the Roth-IRA’s benefits, you are not gonna get it from your lawyers/accountants. As they don’t plan on disclosing any of these confidentential matters to anyone in particular and probably they might hurry you, away giving some vague answers for your queries. Read more…

Just in time for the holidays, the PenFed Premium Travel Rewards AmEx is offering an extra rewards bonus for all cardholders. From October 1^st through December 31^st, 2011, you’ll receive 25% extra reward points on all purchases. That amounts to 1.25% back for the base rate rewards and a whopping 6.25% back for airfare purchases. Normally, you’ll earn 1% and 5%, respectively, which is still pretty good. As if that wasn’t exciting enough, this comes on the heels of PenFed dropping their foreign transaction fee. Nice!

You’ll have to be a member of the Pentagon Federal Credit Union to qualify for this card, but that’s not as hard as you might think. With more than a million members and over $15 billion in assets, PenFed is one of the largest credit unions in the nation, and also one of the most accessible. Most of their members are affiliated with the military, but you can be eligible to join in a variety of other ways too. If you’re a U.S. Government e

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Aside from knowing how to hire a good financial planner, it is also important to make sure that you know when the best time to hire a financial planner is. By hiring a financial planner at the right time in your life, you would be able to get the most out of his or her financial planning services for your own benefit.

One of the best times for you to hire a financial planner would be when you want to plan for your retirement. Planning for your retirement is best done while you are still working so that you would be able to properly manage and allocate your finances towards the best investment options that are available.

Hiring a financial planner can also be done as you set up your own business. Because having your own business requires a great deal of work, it would help if you have a business financial planner who can help you create a financial plan which would allow you to track your expenditures and come up with the best strategies to earn the most profit. Read more…