Quotes of the Day

Tax planning tips: 1) Deduct all business and invest losses. 2) Write off your fines, tickets, levies, and penalties. 3) Deduct fees paid for advice. You are entitled to deduct fees paid for investment and tax planning advice. And if you pay someone to prepare your tax returns that is deductible too. [2007] - David M. Voth

The COT report allows you to gauge market sentiment in the currency futures market, which also influences the spot forex market. When it comes to analyzing information pertaining to currency futures in the COT report, it is generally more relevant for traders to focus on the non-commercial participants. [2007] - Grace Cheng

The single most important skill for success is the ability to sell. Every other skill can be hired away from someone else. Selling is the only field in our society where you can start with little skill or training, come from any background, and be making a great living in a matter of three to twelve months. [2004] - Brian Tracy

If you want to day trade stocks, then you need at least $25,000 in your trading account. If you want to day trade futures, then you should have between $5,000 and $10,000 in your trading account. When trading options, you should have between $1,000 and $5,000 in your trading account. If you’re thinking about trading forex, then you can start with as little as $500 in your trading account. [2008] - Markus Heitkoetter

The habit of regular saving and investment from an early age: Save at least 10 percent of your income, off the top, before any other expenditure, for the entirety of your working life. [2004] - Brian Tracy