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What you should know before you get on board. Lately, currencies have been on a rollercoaster ride with record breaking highs and lows. The world of foreign exchange is dominating news headlines; but what does it mean, and more importantly, what do you need to know before you get on board? First of all, it's important that you understand that trading the Foreign Exchange market involves a high degree of risk, including the risk of losing money. Any investment in foreign exchange should involve only risk capital and you should never trade with money that you cannot afford to lose.
What is Forex? You may have noticed that the value of currencies goes up and down every day. What most people don't realize is that there is a foreign exchange market - or 'Forex' for short - where you can potentially profit from the movement of these currencies. The best known example is George Soros who made a billion dollars in a day by trading currencies. Be aware, however, that currency trading involves significant risk and individuals can lose a substantial part of their investment. As technologies have improved, the Forex market has become more accessible resulting in an unprecedented growth in online trading. One of the great things about trading currencies now is that you no longer have to be a big money manager to trade this market; traders and investors like you and I can trade this market.
Forex in a nutshell The Forex market is the largest financial market on Earth. Its average daily trading volume is more than $3.2 trillion. Compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. In fact, if you were to put ALL of the world's equity and futures markets together, their combined trading volume would only equal a QUARTER of the Forex market. Why is size important? Because there are so many buyers and sellers that transaction prices are kept low. If you're wondering how trading the Forex market is different then trading stocks, here are a few major benefits. Many firms don't charge commissions – you pay only the bid/ask spreads. There's 24 hour trading – you dictate when to trade and how to trade. You can trade on leverage, but this can magnify potential gains and losses. You can focus on picking from a few currencies rather than from 5000 stocks. Forex is accessible – you don’t need a lot of money to get started.
How is Forex traded? The mechanics of a trade are virtually identical to those in other markets. The only difference is that you're buying one currency and selling another at the same time. That's why currencies are quoted in pairs, like EUR/USD or USD/JPY. The exchange rate represents the purchase price between the two currencies. Example: The EUR/USD rate represents the number of USD one EUR can buy. If you think the Euro will increase in value against the US Dollar, you buy Euros with US Dollars. If the exchange rate rises, you sell the Euros back, and you cash in your profit. Please keep in mind that forex trading involves a high risk of loss.
Important: be aware of the risks: Finally, it cannot be stressed enough that trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose. If you have any doubts, we recommend that you seek advice from an independent financial advisor.
1 Bedroom Apartment Rental in Blackfriars, City - London (LN-649)
The interior photos are from a model apartment in the building. The model apartment is representative of both the quality and style of apartments offered at this location. Description, floor plan and photos are for reference purposes only. Actual apartment's dimensions, layouts and furniture may vary.
Blackfriars is an area of central London in the south-west corner of the city and adjacent to the Thames River. Known as the "Wall Street of London", many fortune 500 companies are located in this area, making it the perfect spot if you are looking for a furnished corporate rental apartment or even if you're just visiting London for leisure and want to be in the heart of the city.
Located between Ireland Yard and Carter Lane in the Blackfriars area, this 1 Bedroom/1 Bath furnished London apartment is located in an elevator building consisting of 12 apartments with a video security camera system at the entrance. Designed in a modern style to emphasize light and space, this sleek corporate-style apartment offers the luxury of modern fixtures and designer Italian furniture. Any modern apartment has to be fitted with the latest technology to keep up with this fast paced international city and major world business center. Your apartment is equipped with wireless broadband internet, and telephone with voicemail to keep up with business, but all work and no play does get boring so in your downtime you can enjoy 2 flat screen TVs with satellite channels (one in the bedroom and one in the living room), a DVD player and i-pod docking station. There is also a well-equipped gym in the vicinity. The units in this building have been cleverly designed with views over a tree-lined courtyard to provide peace in the middle of the big city of London. The living space emphasizes serenity from the living room with plush sofa to the zen-like ambiance of the glass and tiled en suite bathroom you'll spend far too much time in. Off the relaxing, light filled living room is the open kitchenette area equipped with a microwave, dishwasher, coffee maker and toaster. The perfect set up to prepare a home cooked meal and sit down at your dining table for four (invite friends!).
After dinner you can saunter over to your retreat from the city (aka your bedroom), collapse into the cozy bed and watch your favorite show or movie on your flat screen TV. The en suite bathroom is just off the bedroom through a sliding glass door. The open airy feeling carries throughout the space with a glass enclosed tiled shower or, if you want to melt away the day, there's a deep soaking tub to submerge yourself in.
If all that lazing around makes you guilty you could always do some laundry; its not that much work after all when you have your own washer/dryer located right in the apartment. (But if housework isn't your thing there's always the weekly housekeeping offered at these serviced apartments to fall
back on).
There is never a lack of things to do around this central area of London, you'll have your pick of pubs, restaurants and shopping all within easy reach. On the weekends when the stockbrokers have stopped rushing around there is still plenty of action in the area. You can take in the Tate Modern and soak up some art, watch the Ceremony of the Keys, a 700 year old tradition that takes place every night at the Tower of London or attend an open air performance at Shakespeare's Globe Theater just as audiences did in Shakespeare's day.
The Blackfriars underground station served by the District and Circle lines is a short stroll (.1 mile or 160 meters) from your abode. Of course there is also a network of day and night bus routes that encircle the area as well. Car parking facilities can be found nearby as well.
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