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In: Other Financial Advice

As a credit consumer, one of your worries about your debt is how you will keep up with your dues when you happen to encounter an accident, a prolonged illness, or redundancy at work that makes you unable to have enough money. When Payment Protection Insurance was introduced to the financial services industry, you felt you finally had a viable option to protect your account from getting in arrears. It was designed to cover a portion of your repayment dues when such horrible situations come in, and usually takes over the repayment for a year or until you are able to get back into paying them yourself, whichever comes sooner. Unfortunately, along with the introduction of the add-on service, came a number of ways for bank to wrongly sign up their borrowers to it. Some were clueless that they had it together with their credit card, loan, or mortgage. TheyRead More →

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In: Forex

Ever heard of Forex? It stands for foreign exchange trading (obviously forex is a contraction just of foreign exchange, but when you hear people talk about forex and forex charts they are talking about trading in the global currency market). The foreign exchange market is one of the most lucrative and stable in the world, for investors who are willing to do a little bit of homework. Free forex charts, which are available all over the Internet, do something to help that homework. By using foreign exchange charts, traders are able to start making statistical sense out of what is basically a huge and ever shifting sea of monetary relationships. To understand the homework, you need to understand a little bit about the ways in which foreign exchange trading actually works – then you’ll see why foreign exchange charts are so useful. So, in a nutshell then. Foreign exchange tradingRead More →

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In: Forex

If you want to learn all about Forex trading, then you may wonder where to go for help. There are many sites which will give you some information about it and these can be useful. It is best not to just look at one source of information but to go to a selection of different places. This means that you can see where the information agrees and disagrees and draw your own conclusions. The Internet does seem to be the obvious place to go for help and there is lots there. However, it can be much more valuable to talk to someone, in person that has done well out of Forex trading. You will learn their techniques and this could be a better way to learn. Information online is all well and good, but you do not always know who has written in and whether they have found it toRead More →

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In: Forex

A Forex dummy account is one where you have a go at trading but not using real money. Many broker sites offer this facility alongside their real accounts. The great thing about using these is that you can get an idea of how the site works and what it is like to trade using the site. It means that you will not find it complicated when you actually have a go with real money. This is important as you do not want to make mistakes as you might lose your money. If you accidentally do something wrong perhaps buying or selling the wrong thing, for example, it could be very costly. But once you have practiced you are less likely to make this sort of mistake. If you have never traded Forex before then having a dummy site can also be a useful way to practice It will allow youRead More →

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In: Forex

Many people know very little about the difference between trading on the stock market and trading in Forex. Forex is foreign exchange and the stock market is trading in shares, this means that one deals with business and the other with currency. The Forex market is open all of the time. This means that you do not have to wait for markets to be open before you make a trade, which is different to the stock exchange. Forex requires a smaller amount of money to trade with than many other investments which means that it is more accessible by all people. Many investments will tie money up. You may have to have your money invested for a certain time period or give a certain amount of notice before you can draw it out. This can tie you down and means that if you need money quickly, you may not beRead More →