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Investors can turn to many different sources of information when setting up trades, and some forex traders like to harness top economic indicators to determine what they will do. Germany, Europe's largest economy, is viewed by many as a key player in both the eurozone and the euro, so some traders like to investigate business conditions in this country when developing their strategies. Some more generalised background information on the…
British Pound Basics The pound sterling, also known as the British pound, is the official currency of both the U.K. and its territories. It's also the world's oldest continuously used currency. Traded under the currency code GBP and carrying the symbol £, the pound also goes by the name quid and is divided into 100 pence. The pound sterling derives its name from ancient history, as in roughly 775 A.D.…
While the common currency may come with numerous benefits, it has encountered some strong volatility in the aftermath of the 2008 financial crisis.
Over the last several years, the Greek Financial Crisis has repeatedly generated headlines. While the troubled European nation has received multiple rounds of bailout funding to avoid defaulting on its obligations, the country's leaders have accepted harsh austerity measures in exchange for this support.
The UK100 tracks the 100 top-performing companies in the London Stock Exchange and with FXCM's low transaction costs, a good trading strategy, and the advantage of leverage (which can magnify gains as wells as losses), you’re ready for any market condition.
The FTSE 100 Index (also known as "footsie") is a market-capitalization weighted index of the top-performing companies that list on the London Stock Exchange.
The London Stock Exchange is located in London, England, and is the largest exchange in Europe and one of the largest in the world with 350 companies from more than 50 countries.
Introduced in 1999, the Euro is the official currency of the European Union and is symbolised by € with a currency code of EUR.
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