WESLEY CHAPEL, FL, October 30, 2012 --TraderPlanet.com is pleased to announce the purchase of SFO Magazine and TraderPress.
TraderPlanet.com, a free educational community for over 68,000 trader members, expanded substantially the breadth and diversity of its educational offerings with the purchase finalized on October 12. TraderPlanet.com completed the transaction with the legal receiver for the now jailed Russell Wasendorf Sr. in the wake of the bankruptcy and fraud at his companies, which included the brokerage firm PFGBEST.
"We are excited to further develop the various educational resources on TraderPlanet. We are going to incorporate this material into our model which is providing education to traders for free," said Lane Mendelsohn, president and founder of TraderPlanet.com.
Wasendorf launched SFO Magazine 10 years ago and built the publication into one of the most widely read and well-respected trading publications. The magazine was known for taking technical strategies and simplifying them in a way even beginning traders could understand, while taking on some of the more challenging economic topics of our time. SFO Magazine boasted top industry writers over the years including John Bollinger, Steve Nison, Ralph Acampora, Linda Bradford Raschke and Jack Schwager.
Founded with charitable and altruistic goals, TraderPlanet does not seek to profit from its free membership community and instead generates revenues based on an advertiser supported business model. Rare in the investing education world, Mendelsohn instead wants to provide traders with daily market analysis, educational strategy articles and guidance in the area of risk management and trading psychology at no charge to the community.
"TraderPlanet will honor SFO magazine's legacy by continuing to offer this content free of charge to our members," Mendelsohn said. With the recent purchase, "we will be expanding our digital E-books library and the historical archives of our contributors substantially," he said.
Visit www.TraderPlanet.com today and bookmark this as your number one resource in free daily market analysis, trading recommendations and educational trading articles.
TraderPlanet.com is an Inc. 500 company headquartered in the Tampa Bay, FL area and is a social-networking site that provides individual traders of all skill levels a one-stop destination for financial information and trading tools. TraderPlanet.com is the only financial-networking site of its kind that offers its members a full suite of market-data feeds, advanced technical tools, and extensive analyst commentary across asset classes, while enabling members to give back to the broader world community through gift giving to charitable causes. TraderPlanet.com's highly interactive, multimedia platform promotes a free-flowing exchange of ideas through questions, answers, and commentary geared towards improving trading strategies and investment performance.