If you are paying at least one overdraft fee per month, you are probably feeling rather frustrated. The average bank overdraft fee these days is around $30, so just three overdrafts will cost you $90! And, that is pure profit for your bank. In fact, U.S. banks made about $28 billion last year in overdraft fee-based income alone. Having to pay overdraft fees seems like it would be purely the domain of the irresponsible banking customer. Not necessarily so! Even people who take constant pains to balance their checking accounts can find themselves coming up short. Common Pitfalls for Bank Customers Bank customers today face a number of potential pitfalls when as the navigate their banking life. Here are some of the main pitfalls that bank customers face that can result in more overdraft fees: 1. Overdraft protection programs: Most people do not realize that they are enrolled…

Overdrafts can be maddening, to say the least. You check your bank statement, not expecting anything unusual and – boom – you see an overdraft charge (or two, or three). Your balance is now even lower than it was before because you have just paid $25 or $35 per overdraft charge to your bank. That hurts. In banking as in life, it is easy to feel trapped by that which we cannot control. Nobody likes to feel at the mercy of their bank, especially when overdraft policies are not always clear. Fortunately, knowledge is power, and forming an understanding about just how banks operate in regard to overdraft fees is the first step toward controlling your overdrafts. Games Banks Play While we all want to believe in the idea of our bank looking out for our best interests, in reality banks must always strike a balance between maximizing their own profits and…

Bulls and bears are always fighting for the control of the market. Candlestick charts are the best way to know who is controlling the market. With one glance on the candlestick chart, you can find out whether the bulls were in control or the bears. There are many candlestick patterns. The most basic and the most powerful candlestick pattern is the the long white candle. When this candle is formed, it means that bulls have been controlling the market throughout the day pushing the currency prices or the security prices higher throughout the trading day. This is one of the most bullish candlestick pattern to form on the chart! As prices rise through the day, sellers do come in but not enough to stop the prices from continuing to rise. When sellers do show up during the trading day, buyers buy from them and the prices move higher. With the…