Smoking & life insurance

This is a guest post from UK life insurance broker, Reassured.

The rise of the e-cigarette

In recent years, while there has been a reduction in the number of UK smokers, the nicotine replacement market has exploded.

Whether it be chewing gum, patches, nasal sprays and perhaps most significantly e-cigarettes, there are now loads of nicotine replacement products available.

These are seen by many as an important stepping stone on the road to quitting and can prove effective in weaning smokers off cigarettes.

Did you know, as an industry, e-cigarettes is on course to exceed a staggering £2bn in the UK by 2020.1

As our young adults move away from super expensive smoking, they are moving in their numbers towards alternative products.

The prevalence of vapers amongst 16 – 24-year-olds increased from 2% in 2015 to 6% in 20162, and is still rising.[Continue Reading…]

What is the 2% rule and why is it important?

One of the most important lessons every trader should observe is risk management. This is the difference between keeping and making more money, or losing money and going broke. It may sound like an easy, straightforward principle, yet it is still one that most often violated rules that traders either forget or ignore. Therefore, to help anyone new to the industry stay from losing all their money, a simple to follow rule was coined the 2% rule.

How does this 2% rule work?

It is very simple actually; just don’t risk more than 2% of your account balance on a single trade. For example, if your account balance is $10,000, no single trade should have more than a $200 margin (2% x 10,000). With every subsequent trade, you keep limiting your risk to 2% of the remaining margin, rather than sticking to the original $200. Therefore, on the second trade, had you lost the first trade, your maximum risk would now be $196 (2% x $9,800).[Continue Reading…]

Why is US dollar traded most in Forex?

Many people think why our dollar is traded most in the Forex market. There are lots of other currency in the world and you will be surprised to see that one currency is dominating the world. When there are major and minor currencies in Forex, there … [Continue reading]

Why the expert consider trading as their business

Why do we have to think like the businessman? Why can't we think of someone else? Well, the main reason why the traders in the United Kingdom are succeeding because they trade like a businessman. They consider trading as running a business. Most of … [Continue reading]

What are joint funeral plans?

Prepaid funeral plans have gained considerable popularity as funeral costs have rocketed year on year. At a time when the cost of the average funeral in the UK has risen as much as 70% in the past decade – a rate far greater than increases in wages … [Continue reading]

The lowdown on robo-investment

There is a lot of hype about robo-investing; that is to say, handing control of your savings over to a robo-advisor, who will then invest it on your behalf. On the surface, it does sound a little crazy. Why would you relinquish control of your cash … [Continue reading]

Some common misconceptions among the new traders

forex trading

People are amazing in nature. Once they decide that they will do something it’s really hard to change their decision. Similarly, when it comes to trading this very human nature causes huge loss to the traders. Some even consider trading as one of the … [Continue reading]

Don’t Dismiss Personal Financial Planning

Personal Financial Planning

With so many daily demands pulling at your personal finances, it is sometimes hard to step back, taking-in the big picture.  Yet despite the importance of addressing immediate needs, it is nonetheless vital to account for your long-range financial … [Continue reading]

Which area of the UK is best at saving?

Check out the infographic below to find out which regions are saving most when it comes to pensions. The infographic is provided by True Potential. … [Continue reading]