If you are unfamiliar with Firefox, then check out the Firefox website for more info on this popular web browser.

Each of these add-ons and tips are easy to get working and easy to disable if you don’t like them or they are not suitable for you.

Heres the list:

1. Exch

Exch is a currency exchange / conversion tool that displays publicly available data from Yahoo! Finance in an easy to use sidebar. It also accesses Yahoo! Finance currency graphs for quick access to trend information.

If you use this tool, remember that it is only as accurate as the data that it downloads form !Yahoo finance - which can have about a 20 minute delay.

Download Exch Here

2. StockTicker

StockTicker is a pretty cool and simple Firefox Add-on that displays your favorite stocks or watchlist in a customized ticker on your Firefox tool bar, side bar or status bar.

StockTicker is quite highly customizable with settings for:

• Ticker Speed
• Price update interval
• Display location
• Display colors

It is also possible to enter a URL to set where to go when a price is clicked.

Download StockTicker Here

3. Access Bookmarked Stocks Information and News Quickly

If you have a number of websites that you need to check intermittently for market information, then a good idea is to bookmark them in a particular folder and then use the “Open All In Tabs” feature on Firefox

For instance, each morning, you may want to quickly check the stocks in your watch list, the “Market Movers” section of the Wall Street Journal, and the Technology page on CNN Money.

To do this, follow these steps:

1. Add a new folder to your bookmarks toolbar and call it something like “Daily Investing”.
2. Bookmark the pages you need to visit at a particular time and add them to this new folder.
3. At the time that you need to check the websites, click the folder and select the “Open In All Tabs” option.
4. Read each page and close when finished.

By doing this, you can increase the likelihood that you will not miss anything important that needs to be checked regularly.

4. Wesabe Firefox Uploader

If you like to keep track of your online finances, then you should take a look at the Wesabe Firefox Uploader.

The Wesabe website offers a community of users who want to deal with real money issues. The website offers tools, information and community advice to give users a better understanding of how they spend their money.

The Wesabe Firefox Uploader is an extension that makes it easier to add your accounts and keep them up-to-date in Wesabe when using the Firefox browser.

Of course, there are certain security issues that you may want to address before using this plugin. But it is interesting none-the-less.

Download Here

Read more about the Wesabe Firefox Plugin at O’Reilly

Do you have any tips on how you use Firefox to manage your investments? If so, please let us know in the comments.

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The Stocks Watchlist plugin allows you to store stock symbols in your Wordpress database and then output these symbols along with their live prices to your Wordpress blog. You should be able to see mine in the far right hand column here.

To add/edit/delete stocks to the watchlist database, go to Manage->Stocks Watchlist in the admin panel.

Here it is possible to add a description to the stock symbol and also enable it to be visible in the output.

To output your stocks watchlist, add the following code to your blog template:

<?php swl_output() ?>

When the stocks watchlist is output, it will retrieve the latest price for the stock from Yahoo Finance and also insert a link to the stocks news page at Yahoo Finance.

The plugin was developed with WP2.1, but should work on all versions. Also, it requires cURL to be enabled on your webserver.

If you would like to give it a go, I would really appreciate some feedback. Also, I would be keen to hear of any features that you would like to see added to the plugin.

Update v1.1 v1.0 has not been working for a while, but I have now fixed the bud.

Download - Stocks Watchlist Wordpress Plugin

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To use the Pivot Point Calculator, simply enter the previous days Open, Close, High and Low prices into the relevant text boxes and press the Calculate button. You will then get the Pivot Point, and Support and Resistance levels for the days trading.

You can read our Pivot Points Article if you would like to know a little bit more about Pivot Points.

To use the Downloadable Pivot Point Calculator, you need to be running Microsoft Windows with the MS .Net Framework 2.0. You can download the MS .Net Framework 2.0 here if you do not have it.

Please leave any comments and suggestions for the calculator.

Download Pivot Point Calculator Here.

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The Online Fibonacci Retracement Calculator is our latest addition to our popular online financial calculators. And like our other calculators, it is free to use!

Also, you can take a look at our Fibonacci Retracement Lines article if you would like to know a little bit more about what we are calculating here.

Please feel free to leave comments and suggestions below.

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Basically, an Exchange Traded Fund is a collection of shares that will try to replicate the price action of a particular index such as the S&P500 or a market sector such as Energy or Technology.

Exchange Traded Funds were first introduced in 1989 on the Toronto Stock Exchange, and have gained popularity ever since.

The American Exchange lists over 100 Exchange Traded Funds. The first to be listed here was the SPDR in 1993.

OK, that all sounds good, but how does an Exchange Traded Fund differ from a Mutual Fund offered by an investment company that aims to beat that particular index or sector?

Well, the main difference between an Exchange Traded Fund and a Mutual Fund is that the Exchange Traded Fund is traded as an instrument on the exchange.

Some common features of Exchange Traded Funds are:

• They have an exchange listing and can be traded continually.
• They are index linked rather than managed. This means that they follow the index more accurately as Managed Funds often try to out perform the index.
• The value of the particular Exchange Traded Fund is derived from its underlying assets. However their actual price can differ by being traded at a premium or a discount to the underlying assets.

An example of an Exchange Traded Fund is the Technology SPDR (AMEX:XLK). This is a fund that tracks the Technology sector and is traded on the American Exchange.

If you are interested in trading Exchange Traded Funds, it is important to remember that they may differ from exchange to exchange and country to country. Remember to do your research before doing any trading!

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We decided to develop this due to the success of our downloadable compound interest calculator as we have received requests from people who do not run MS Windows or who simply don’t want to run the software on their personal computers.

The Online Compound Interest Calculator is easy to use - just follow the instructions.

We would love to hear any feedback about how we could make it better for you, so please let us know.

Also, we plan to enhance the Online Compound Interest Calculator by providing more data in the annual interest schedule and also adding graphical capabilities like in the downloadable version. You can join our free trading newsletter if you would like to be updated about any enhancements be email.

Also, don’t forget to read the Growing Your Investments With Compound Interest article to see how using Compound Interest can really add to your investment strategies.

Click Here to start using the Online Compound Interest Calculator.

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First of all, What is Forex Trading?

All around the world money is being transfered from one country to another, 24 hours a day of the working week. For this to happen, the money is effectively being traded from one currency to another.

The market that the currencies are exchanged on is called the Forex. And it is this market which Forex Trading takes place upon.

This Forex market is the biggest financial market in the world. Each day and estimated 1.5 Trillion US Dollars are traded here. This is about 100 times more than what is traded on the NYSE each day!

Due to the nature of when and where currencies are being traded, the market is open nearly all week, 24 hours a day. Forex Trading starts when everyone goes to work in New Zealand on a monday morning until the end of the working day on friday on the west coast of the USA.

Unlike most other markets, the Forex is not governed by any sort of central body. Forex Trading takes place directly between whoever is buying and whoever is selling. It is often thought of as being similar to the OTC (Over The Counter) market.

Why is Forex Trading So Popular?

Over the past few years the popularity of Forex Trading has exploded and there are several reasons for this. These reasons include:

• Liquidity - Forex Trading has the most liquid market around - especially on the most popular currency pairs. If you are buying/selling there is pretty much always someone wanting to sell/buy. This superior liquidity leads to tight bid/ask spreads and price stability.
• High Leverage - If you open a spot Forex Trading account, you will be entitled to 100:1 leverage. This makes it possible to start day trading with a fairly small initial trading capital.
• 24 Hour Trading - Making Forex Trading accessible to traders all around the world. This also opens opportunities for tradeable and volatile situations due to breaking world news.
• No Commissions - Most Forex Trading accounts do not charge commissions on trades. Brokers profits are generally made on the Bid/Ask spread.
• Profiting In A Downtrend - Selling a currency is as easy as buying, so profiting in a falling market is easy.

How to be Successful at Forex Trading

Becoming a successful Forex Trader is just as hard as becoming a successful Stock Trader or Futures Trader. Forex Trading requires the same skills as other forms of trading, including a having a solid trading plan and a good understanding of the market.

Think about some goals that you would like to achieve in Forex Trading. Then formulate a strategy to achieve these goals. Remember to always thoroughly research and test your ideas and trading plan before losing all your trading capital to the Forex Market!

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One interesting thing about using Fibonacci Retracement Lines is that they fall into the group of technical indicators that attempt to predict what price the market is going to move to.

This is different to many other popular technical indicators, such as the EMA, MCAD and Bollinger Bands which all attempt to guess the market determined upon what recent price movements.

Unlike Fibonacci Retracement Lines, These indicators tend to provide the trader with information as to whether the market will be going up or down.

When we look at how Fibonacci Retracement Lines work on a chart we can see that we are being given the actual price that the stock will (possibly) move to.

The placement of the lines come from the famous Fibonacci number sequence that Leonardo Fibonacci da Pisa created on a trip to Egypt. This number sequence is 1, 1, 2, 3, 5, 8, 13, 21, 34, etc.. To continue the sequence, just add the last 2 numbers to create the next in the sequence.

From this sequence of numbers, you are able to calculate ratios. The ratios that are commonly used to calculate Fibonacci Retracement Lines are .382, .500 and .618.

To use these ratios, you must find the beginning and end of an uptrend or a downtrend. Then, from the most recent price, we can calculate the values to where the trend may retrace.

For instance, if a stock trends from $100.00 to $110.00, then we can find that the price movement for the trend is $10. Therefore we can now calculate that the Fibonacci Retracement Lines would be:

1. $10.00 x 0.382 = $3.82 = $110.00 - $3.82 = $106.18
2. $10.00 x 0.500 = $5.00 = $110.00 - $5.00 = $105.00
3. $10.00 x 0.618 = $6.18 = $110.00 - $6.18 = $103.82

So how can this information be used? Well, there is no sure way, but many traders would use the values to place their stop losses or buying points, or to identify that a trend is established.

Like all trading methods, you must be sure to research thoroughly how you plan to use them. Fibonacci Retracement Lines are no exception. If you fancy seeing if you can implement them into your trading style, then make sure you do some further research and testing.

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So here it is - The TraderKnowledge Free Compound Interest Calculator.

This Compound Interest Calculator will show you graphically how much extra money you will make by reinvesting your gains and maintaining your principal payments.

If you want to download the Compound Interest Calculator, then you need to make sure that your PC has the following pre-requisites:

1. Microsoft Windows. The Compound Interest Calculator only runs on Microsoft Windows.
2. Microsoft .NET Framework 2.0. If you don’t have this, then you can get it here.

Download Compound Interest Calculator Here

It is likely that I will be updating the Compound Interest Calculator as I find bugs and think of ways to make it better. If you want to be kept up to date with enhancements, then you can sign up for the TraderKnowledge Newsletter, and I will email you as I make improvements.

The Compound Interest Calculator has no spyware and does not connect to the internet at all.

If you download and install and then find any bugs or can think of any ways that it could be enhanced, then please leave a comment here and I will get on to it as soon as possible.

Update : We now also have an Online Compound Interest Calculator that is free to use to. You can check it out here.

Also, don’t forget to check out our free online Pivot Point Calculator and Fibonacci Retracement Calculator.

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The book is a thinly disguised biography of the great stock trader Jesse Livermore, but also documents the time of financial speculation during the early 20th century.

Reminiscences of a Stock Operator tells how Livermore started his amazing career when he was a teenager working in one of the bucket shops that were common during this time. He had a head for numbers and noticed how stocks reacted during times of heavy buying or selling.

He became smart to the fact that he was able to trade successfuly on what he had learnt and went on to create and destroy several huge fortunes.

Even though Reminiscences of a Stock Operator is an old book and tells a story of a time that is largely removed from todays computer controlled markets, there is a lot of wisdom that you can take from this book to help you with your trading.

Also, take note that this is the one book that is pretty much required reading for most of the traders that are interviewed in Jack Schwagers Market Wizards - Interviews With Top Traders.

Each chapter covers different aspects of how Livermore ran his trading affairs, and it is interesting to take specific note of how Livermore managed to lose such massive fortunes with uncharacteristic moves - and not do the same yourself!

Finaly, if you are still in any doubt that an ‘old book’ will not be of any use, then just check out the reviews that Reminiscences of a Stock Operator gets at Amazon.com.

Where to buy Reminiscences of a Stock Operator

If you are keen to buy the book, I would recommend the following websites for getting a better deal than buying at a shop:

• Reminiscences of a Stock Operator @ Ebay - You can often find a good deal on used items here, and I often pick up useful books for low prices.
• Reminiscences of a Stock Operator @ Amazon - Amazon.com allways has this book in stock and can deliver it quickly.

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