spread betting
Another way to make it without the big mistakes
did you know?
Financial spread betting involves a high level of risk and you can lose more than your original stake.
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FOREX IN DETAIL
EUR/GBP CURRENCY PAIR
The Euro has proven to be a remarkably stable currency since its launch in November 1999. It is the currency for over 350 million people and has a higher circulated cash value than the Dollar. The United Kingdom has the second largest European economy (after Germany) and remains one of the last Member States to have not adopted the Euro. The EUR/GBP currency pair is in the top 5 most traded & this is due to the fact that the greatest percentage of FOREX trades are made in the UK. The fluctuations in the EUR/GBP are affected by the interest rates set by their respective controlling banks & movement in other worldwide currencies.
COMPANY NEWSs
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Ringgit Hits 13-Year High as GDP Rises, Currency Curbs Eased - BusinessWeek
Technical Analysis for Major Currencies - Action Forex
Malaysian state launches Islamic currency - Arab Times
SPREAD BETTING ON THE FOREX MARKETS
Spread betting on FOREX currency pairs has been gaining more and more popularity amongst online traders. It offers a lot of flexibility and is thus a preferred way of trading for many people.
Instead of opening a position for a certain transaction value, you choose a stake which represents the value for each pip by which the price moves. You also choose a stop-loss, by which you set how much you are willing to lose. This is your margin deposit. As with futures and spot trading, you can also benefit from falling markets by going short or long. Your profit or loss is equal to your stake multiplied by the number of points by which the price has moved.
