Spot Trading Websites

Recommended websites:

Site Name: Forex Systems Reviews.com
Domain: http://forex-systems-reviews.com/?gclid=CMu80-zWnZQCFReOggodrUpvuA
Overall Rating: 4/5
Summary: This is the blog site of Ryan who is a German national. He is a professional day trader who made it his mission to try and test out all those get-rich-quick profit schemes offered on the Internet. He claims to be doing entirely independent research of all those spot forex trading computer programs being offered to “day traders” and he found out to his surprise that most of them do not work very well in actual markets. Whether the failures can be attributed to the software programs or the day or home traders themselves is hard to say. Most day traders do not bother to get their currency fundamentals correctly (macro-economics) so they tend to guess wrongly the direction of a certain currency versus another currency. Others are too lazy to study technical graphs either.

Market Trading

Site Name: Biz.yahoo.com
Domain: http://biz.yahoo.com/topic/commodities
Overall Rating: 4/5
Summary: This is the business site of Yahoo! the world’s largest site and the contents are updated daily or even hourly when news breaks late. Its finance section is quite comprehensive in the number of topics that are covered and reported.

One interesting product innovation borne out of the high gasoline prices is a debit-like card that allows drivers to pre-pay gas at today’s prices but lets them use the pre-purchased gas in the future. The owner of this new card product says they are not into gasoline futures but simply uses a patented sophisticated hedging strategy to ensure delivery. If you want to know more about this “exciting” offer, please visit this site and pray the company does not go bust after accepting your money. Their business concept is pretty simple: People pay for gas but store the value in their cards by the gallons and not the dollar values they had paid for it.

Site Name: International Herald Tribune
Domain: http://www.iht.com/articles/2008/06/30/business/30markets.php
Overall Rating: 4/5
Summary: This is the global edition of the prestigious New York Times. This site is updated as often as necessary during the day for late news and news-breakers. The above article talks on oil since this is the most traded commodity nowadays with each day seeing new record highs. If only people will understand that “peak oil” is upon, they will at least try to understand what is happening and make the corresponding energy conservation adjustments in their lives. As an additional source of data, it is worth to keep note of the gyrations of the Reuters/Jefferies Index of 19 key commodities. The IHT subscribes to Reuters for fast-moving news on anything financial but adds its weighty commentaries to them.

An incredible sight – a gas sale! (Oil demand is starting to slacken).
Could consumers now get some relief? Better stay tuned!