LONDON April 26, 2012
Trading forex Britain
Double-Dip Recession Explained
This morning [Wednesday 25 April], data released by the Office for National Statistics showed that the GBP has shrunk unexpectedly from 0.2% between January and March this year, which followed a 0.3% contraction in the fourth quarter of 2011.
The term ‘recession’ itself defines two or more consecutive quarters of economic decline.
How to Trade Forex in the UK Recession
The act of ‘trading forex’ is to exchange one currency for another at an agreed exchange price, such as EUR/USD, USD/JPY and GBP/USD; some of the major currency pairs that traders choose to trade.
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Forex Trading Tip:
As a leveraged product, forex trading can result in losses greater than your initial deposit making it imperative that you fully understand the risks involved.
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SOURCE City Index