Forex Trading

Forex trading is a thriving industry especially in the US. It has been in existence for over ten years and is the most popular liquid market in the world. On average, the daily forex trading exceeds 5 trillion dollars. All the other trading stocks do not come anywhere close to this volume even when put together. The US currency is the most traded in forex trading, closely followed by the euro.

What is forex trading?

For some people, forex trading or foreign exchange trading is a very confusing and a thorough understanding of how the transactions take place is necessary before any trading.

Forex trading involves two currencies against one another. One of the currencies acts as the base while the other acts as the counter currency. Taking for example the US Dollar vs the EUR, which also happens to be the pair with most trading worldwide, you can take the EUR as the base and the USD as the counter. On the forex bureau platform the price of one euro will have its equivalent in US dollars. The two prices are the buy and sell prices. You buy the euro at a certain amount and sell it for another amount in US dollars. Whatever difference you get between the selling and buying price is called the spread.

What determines the spread is the global demand for the currency. Demand can either push the values up or down in comparison to the other trading currency.[Continue Reading…]

Building and growing your Amazon business

The multinational giant Amazon has been growing from strength to strength. In 2017, for example, its total global sales reached a reported £124.6 billion (31% up on the previous year), and profits reached a staggering £2.1 billion (compared to £1.7 billion in 2016), according to a story by the BBC on the 1st of February 2018.

Amazon for businesses

Part of the company’s growth has been fuelled by its recent objective of becoming a “one-stop shop” for the purchasing requirements of small to medium-sized businesses (SMEs) around the world.

According to Amazon, that business model offers the advantage of:

  • reducing procurement costs for businesses through the invoicing of payments to multiple suppliers;
  • reducing the administrative time spent in essential purchasing processes;
  • establishing a single Amazon account which consolidates purchasing and so improves a company’s monitoring and control of expenditure;
  • providing management tools for the reconciliation of invoices received for purchases;
  • expanding the options by which companies may reach business solutions with their suppliers; and
  • maintaining a confidence in and a familiarity with the Amazon brand name.

[Continue Reading…]

Owning a second home

Owning a second home is increasingly common. For some people it’s by choice and for others by circumstance. But whether you choose to buy a holiday home or rental property, or simply inherit, owning two or more properties requires special … [Continue reading]

Types of workplace and company pension schemes

An occupational scheme (often called a company pension scheme or superannuation scheme) is usually the best way to save for retirement, because your employer adds to your savings. Pension schemes through your work If the firm you work for has … [Continue reading]

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 … [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 … [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]