Quotes of the Day

If a trader plans on ever buying and/or selling currencies during any type of fast market, it may perhaps be in the trader’s best interest to choose a fixed-spread broker. [2009] - James Chen

The more conservative you are, the more gold you should own. If preservation of capital is the goal, then you should own physical gold for liquidity, along with investments in the shares of unhedged majors and/or the mutual funds that own them. More-aggressive investors can hold mining stocks with greater leverage, along with silver, foreign bond funds, and mutual funds specializing in U.S.-based resource and manufacturing companies. And the most adventurous should focus on smaller miners, the shares of U.S.-based manufacturers, gold-based derivatives, and short positions in financial stocks. [2004] - James Turk

In trading, a right-angled triangle is simply a triangle pattern with a horizontal top or bottom edge. Statistically, these horizontal edges tend to be more reliable as trading signals than triangles with diagonal support or resistance lines. This is probably due to human psychology. Traders’ eyes are drawn to horizontal lines that appear to contain the price movement, while diagonal lines don’t have such a definite solid quality about them. Horizontal lines feel like they have more meaning as support and resistance levels, therefore they do. [2019] - Glen Goodman

Umbrella insurance (also referred to as excess-liability insurance) is liability insurance that's added on top of the liability protection on your home and cars. Each year, thousands of people suffer lawsuits of more than $1 million related to their cars and homes. Umbrella insurance is generally sold in increments of $1 million. You should have at least enough liability insurance to protect your assets and preferably enough to cover twice the value of those assets. [2019] - Eric Tyson

Smart investors add money to their investments every month. They rebalance once a year. [2017] - Andrew Hallam