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Eric Reed

Retirement and Investing Expert

Eric Reed is a freelance journalist who specializes in economics, policy and global issues, with substantial coverage of finance and personal finance. He has contributed to outlets including The Street, CNBC, Glassdoor and Consumer Reports. Eric’s work focuses on the human impact of abstract issues, emphasizing analytical journalism that helps readers more fully understand their world and their money. He has reported from more than a dozen countries, with datelines that include Sao Paolo, Brazil; Phnom Penh, Cambodia; and Athens, Greece. A former attorney, before becoming a journalist Eric worked in securities litigation and white collar criminal defense with a pro bono specialty in human trafficking issues. He graduated from the University of Michigan Law School and can be found any given Saturday in the fall cheering on his Wolverines.

Posts by Eric Reed:

by Eric Reed Apr 08, 2021

Getting your start as an investor can be overwhelming, as online investment has opened up the floodgates of personal financial management products. For investors who are just starting out, sometimes the best tools are the ones that prioritize clarity instead of sophistication. This doesn’t mean that high-level trading should be out of reach; it just means that sometimes the best platform for a beginning investor emphasizes utility over power. The following five platforms do an outstanding job helping new traders navigate the tricky world of financial assets, and any one of them is worth a look if you’re just starting out. Read more

by Eric Reed Apr 08, 2021

Forex, or the foreign currency exchange market, can be one of the most opaque sectors of trading today. In part that’s because of just how fast these prices change. The best currency traders make their money in seconds off arbitrage, taking advantage of tiny shifts in prices as economies balance themselves on an ongoing basis. When Americans take vacations in Europe, the forex market imperceptibly shifts. When a Russian family buys a Japanese car, an Australian office leases computer services from Canada or a Brazilian factory sources raw materials from Kenya, it’s reflected in the currency market. In other words, forex tracks the real time story of life around the world. Read more

by Eric Reed Apr 08, 2021

Your brokerage is the firm that you use to trade stocks, bonds, funds, options and other financial assets. Choosing the right one isn’t easy. The market is currently flooded with brokers who want your business, and they’re often difficult to tell apart. Not to worry. To help you sort between your options we have put together a roundup of some of the best brokerages in the business, whether you want to day trade, app trade or just buy a few stocks. A financial advisor can provide invaluable guidance on which brokerage is best for you and your goals. Read more

by Eric Reed Mar 29, 2021

Origin Investments has taken the decision to plant a ticking clock halfway down its home page. The accompanying message tells potential investors that “Time is running out” if they want to buy into… Read more

by Eric Reed Mar 19, 2021

Groundfloor is part of a growing collection of firms that offer alternative investment products. In the case of Groundfloor, you can invest in short-term real estate debt. This opens up a new set of… Read more

by Eric Reed Mar 19, 2021

GAIN Capital is a brokerage service that focuses on foreign currency (forex). This brokerage runs several products and downstream companies that market its services to the public. While you may not… Read more

by Eric Reed Mar 19, 2021

Yieldstreet is a platform that offers individual investors the chance to access alternative investments. With portfolio options such as real estate, litigation and even collectibles, you can put your… Read more

by Eric Reed Mar 08, 2021

Do you want to convert currencies? Would you like to learn about historic exchange rates or transfer money internationally? Most importantly, would you like to invest in foreign currencies to boost… Read more

by Eric Reed Mar 05, 2021

As a threshold matter, we need to point out that reviewing AvaTrade is an academic exercise for most readers. While it’s valuable to understand the way that different firms approach investment and… Read more

by Eric Reed Mar 04, 2021

FOREX.com is a trading platform that lets users trade foreign currency pairs. This is a relatively rare asset class, one which even few full service trading platforms offer. While using FOREX.com… Read more

by Eric Reed Mar 04, 2021

IG is a platform that enables you to trade one thing, foreign currencies. Forex is a niche and highly risky asset class, which makes IG itself a fairly niche service. But it is a well-designed, well… Read more

by Eric Reed Mar 04, 2021

Alpaca Trading is not a trading platform. This company offers two services: a brokerage and an application programming interface (API). As a brokerage, Alpaca offers exchange-based products. It does… Read more

by Eric Reed Jun 23, 2021

The disconnect between a stock’s share price and the company’s performance were writ large during the GameStop (GME) stock price surge at the end of January 2021. The combination of irrational… Read more

by Eric Reed Feb 09, 2021

TradeZero is one of an expanding number of trading platforms oriented around fast-action day trading. Unlike many of its competitors, this platform is built for the professionals. That isn’t a… Read more

by Eric Reed Feb 09, 2021

Score Priority focuses its tools and features on active traders who are looking for real-time data, routing choices and sophisticated trading software. But at the time of the review, SmartAsset found… Read more

by Eric Reed Feb 09, 2021

NinjaTrader is one of the older online investing platforms on the market. Its primary feature is a truly vast degree of customization, allowing users to create bespoke charts and swap plugins to… Read more

by Eric Reed Feb 09, 2021

Zacks Trade offers a full service trading platform in a marketplace increasingly crowded by similar products. It has a few areas in which it stands out compared to other top-tier platforms, such as… Read more

by Eric Reed Feb 05, 2021

CenterPoint Securities is for the professionals, and they mean it. This trading platform specializes in day trading and in helping investors short stocks and options. If you do this for a living and… Read more

by Eric Reed Feb 03, 2021

For sophisticated investors, TD Ameritrade offers thinkorswim, a powerful set of investment tools oriented specifically at investors who make frequent or complex trades. If you aren’t looking for a… Read more

by Eric Reed Feb 03, 2021

Your brokerage should offer easy-yet-sophisticated tools to manage your money and, ideally, nothing else. It certainly should not remind you of a used car dealership or the desperate hustle of some… Read more

by Eric Reed Feb 03, 2021

Interactive Brokers is a full-featured investment platform that has traditionally been built for professional and institutional investors. Although in the past two years it has introduced a Lite… Read more

by Eric Reed Jan 26, 2021

There is not a good reason to use ChoiceTrade. This low-cost, feature-limited trading platform has been in business since 2000, and offers inexpensive options and stock trading. Unfortunately, for… Read more

by Eric Reed May 06, 2021

Investors who use TradeStation get a full-feature trading platform built with active and high-volume users in mind. It is not for newcomers or long-term, buy-and-hold investors. But if you are an… Read more

by Eric Reed Jan 23, 2021

Israel-based eToro is cryptocurrency trading platform. Unlike traditional investment platforms, it does not offer access to any form of standard financial products or assets. You cannot trade stocks,… Read more

by Eric Reed Jan 23, 2021

There’s a reason you may not have heard of SpeedTrader. This is a niche product in a niche market. SpeedTrader is an investment platform for day traders. This product is built for professionals. Its… Read more