Citizens Advice says that if a trader's terms and conditions state that the contract is formed upon dispatch of goods, any notice confirming an order is not legally binding, even if a payment for it has been taken.
A trader is termed a hedger if his commitments in the cash market are offset by opposite commitments in the futures market.
Last year ta Associates acquired a stake in RGM Advisors and Summit Partners bought into Amsterdam's Flow Traders; deal terms were not disclosed.
Factors to consider include commissions you'll pay for each buy or sell order, the number of trades you'll make in a year, whether you'll be a short-term trader or a long-term investor, and your confidence in being able to make trading decisions for yourself.
First is what bankers, economists and traders have termed "QE3," a major round of asset purchases aimed at pulling down long-term interest rates.
On their arrival, they were often called "rocket scientists" by traditional traders, a term of derision that belittled their lack of down-in-the-trenches business know-how.
Many of Kuttner's particulars ring true: finance in America reached a point of complexity that benefited only traders; short-term loans destabilize developing countries; markets need regulation or they go off the rails.
Founded by, among others, two Nobel laureates in economics, a former vice-chairman of the Federal Reserve, and one of Wall Street's most successful bond-traders, Long-Term Capital nearly went bust in September.
With the renewed interest comes the individual spirit of these "active" traders, a term many of them prefer so as to distance themselves from the excesses of the 90's.
Each long-term investor and short-term trader should know his/her personal investing preferences either when working with a stockbroker or when opening an online trading account.
