Discover what are currency pairs, what is the spread, lots, pips in Forex, learn about money management, the mistakes to avoid, and much more! Get insights from professional traders and learn all the basics that every beginner should know to successfully trade the currency exchange (FX) ...
I don’t want to turn into a broken record, but it is hard to avoid the fact that GBP Inflation Swaps have flourished this year: In fact, now that we look at Inflation volumes in GBP terms, and that the full month of August is completed, we see that August 2022 was the record mon...
one euro is exchanged for 1.2500 U.S. dollars. In this case, EUR is the base currency and USD is the quote currency (counter currency). This means that 1 euro can be exchanged for 1.25 U.S. dollars. Another way of looking at this is that it will cost you $125 to buy 100 euros...
Is offshore investment legal? An offshore investment is simply one which is based in a country / region where you aren't a resident. It's perfectly legal to invest money in offshore funds provided any income or gains are appropriately reported and taxed in your country or region of residen...
ACCA is a globally recognised course and has over 200,000 members and 600,000 students across 180+ countries. Its one of the finest professional accounting qualifications in the world. Many students who want to build a successful career abroad prefer it....
Platinum: Huge demand in the automotive industry, as well as fashion and other industrial manufacturing. Platinum is rarer than gold with a price of £[ERROR, symbol not found: XPT/GBP] per troy ounce. Palladium: Somewhat of a rival to platinum in a range of use cases. Palladium’s pri...
How much should you expect to pay in fees? According to the Bank of America, the average international transaction fee is typically around 3%1. This fee also depends on the terms and conditions of your credit or debit card. 1% of that fee may go to the payment processor, whether it’s...
You already know you’ll earn 4.75% variable AER compounded daily on your GBP balance, but what does that mean exactly? Let’s start with the compounding frequency. Since interest is compounded and paid daily, you earn 1/365th of the gross interest rate on your closing balance every day...
In this simplified example of a personal financial statement, Alex’s assets total 132,500 GBP, while the liabilities come to 13,500 GBP, meaning Alex’s net worth is 119,000 GBP at this moment in time. This snapshot doesn’t take income and expenses into account.How...
The United States dollar is the most used currency in the world and has a rich and varied history. The USD plays an important role in the world economy and has its own index, the USDX. The bulk of global foreign-exchange trades involve the USD. ...