Part 2 of Secure Online Banking. When it comes to online banking, there is no way to absolutely guarantee your safety. However, good practices do exist that can reduce the risks posed to your online accounts. The following sections describe these practices. #1 Review your bank’s information about its online privacy policies and practices. By […]
Several types of electronic fraud specifically target online banking. Some of the more popular types are described below: Phishing attacks Phishing attacks use fake email messages from from someone pretending to be your bank or other service. These emails asks you to provide sensitive information (name, password, account number, etc) and provides links to a […]
The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (such as agencies that sell information about check writing histories, medical records, and rental history records). Here is a […]
Part 3 of Forex Trading For Individual Investors. Forex trading in general presents significant risks to individual investors that require careful consideration. Off-exchange forex trading poses additional risks, including: There Is No Central Marketplace. Unlike the regulated futures and options exchanges, there is no central marketplace in the retail off-exchange forex market. Instead, individual investors commonly […]
Part 2 of Forex Trading For Individual Investors. The forex market is a large, global, and generally liquid financial market. Banks, insurance companies, and other financial institutions, as well as large corporations, use the forex markets to manage the risks associated with fluctuations in currency rates. The risk of loss for individual investors who trade […]
Part 1 of Forex Trading For Individual Investors. Individual investors who are considering participating in the foreign currency exchange (or “forex”) market need to understand fully the market and its unique characteristics. Forex trading can be very risky and is not appropriate for all investors. It is common in most forex trading strategies to employ […]