Contributed article in our global business series. Enjoy! – Kimberly
Savers in the UK face challenging times ahead with the Bank of England cutting its base rate. Long-term investments such as pension funds have been devastated by the change in rates. In fact, pension fund deficits have increased to about £26,000 per household in the UK. There are a few options available to those who wish to consider alternatives to returns on their investments, and one of them is online trading.
Online trading is becoming increasingly popular. One reason for the rise in its popularity is the virtual trading platforms that some broker houses provide. These virtual platforms simulate the real market and offers the man on the street a chance to become familiar with trading. The user is then exposed to real-life practices without real-life risk and thus begins the user’s path in online trading. Continue reading