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Private investors have easy access to the gigantic, 24-hour-day Foreign Exchange market. But it is not a place for the uninitiated, so here is our beginner’s guide to trading Forex. Watch this space for more video guides to expert trading.
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Word of the Day
Wealthy individuals with at least £250,000 of assets to spare who traditionally underwritten risks on the Lloyds of London insurance market. They are grouped into syndicates each led by an underwriter who writes policies on their behalf, traditionally in the marine insurance market. Names agree to put their entire wealth on the line should it be necessary to meet claims, in return for substantial commissions. Well, that was the theory, but we all know what happened in practice – they were still going bust in 2009. Another not so great chapter in the history of the City of London.
