Congratulations to George P., Amanda M. & Gideon G. for being this week's winners.

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I find that many people come over from the stock market, particularly the U.S. stock market, over into the forex market.

They initially think they don't know a thing about forex. However, if you know some things about stocks and if you have an opinion on where they are headed, then you also likely have an opinion on where the GBP/USD pair is going and didn't know it. 

A couple of months ago I wrote an article asking is the “Government doing too much?”   There is no doubt about it, as historic action was needed in the past year, but when does it become too much? The “cash for clunkers” program has been a success, but never the less somebody is going to have to pay for it.    

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Congratulations to Chris T., Zeev B., & Eddie W. for being this week's WINNERS!!!

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Today, UBS reported that the Swiss National Bank, their central bank, may have spent as much as 35 billion francs ($32 billion) since March to stop their currency from appreciating.

SNB Governing Board Member Thomas Jordan, was quoted as saying that the SNB will continue to intervene and halt any gains by the Swiss currency. And so far, they’ve been highly successful. They’ve driven the franc down 2.9% vs. the euro since the start of their interventions!

 When Warren Buffett speaks, people listen! Buffett not only has a real effect on the stocks when he buys and sells large positions in companies, but he has an effect on the overall psychology of the market.  

Please be certain to check out my previous articles in regards to budgeting, and remember one little insight can save you thousand$ over time. Especially if you invest your savings after you have taken the myWealth Investing 101 course.