Many people do not know how inflation affects their medium-term finances, it has been said. The majority of Britons are unaware about the effect inflation is having on their money stored in savings accounts such as ISAs in the wake of the global economic downturn. That is according to Justin Modray of online resource Candid Money, who has noted that… (more…)
The FTSE 100 is a share index comprising the 100 most capitalised companies on the London Stock Exchange. As such, it gives a fairly accurate reflection of what is happening to the LSE on any given day. The FTSE started in 1984 with a base level of 1,000 and the highest level it has reached to date, was 6,950 on… (more…)
The term ‘forex’ stands for ‘foreign exchange’, the trading of world currencies. Most of us are familiar with the term ‘trading’, which means to buy and sell a product or service with the aim of realising a profit. Forex trading is therefore the process of buying and selling currencies with the aim of making a profit. If a forex trader,… (more…)