LONDON, October 18, 2016 /PRNewswire/ --
Many traders have been terrified since Brexit. With the drop value of the pound so widely talked about, you'd be forgiven for thinking your future Forex trading days were bleak. Maybe even that they were over. However, this isn't the case. Although many areas of the economy have lost out since Brexit, some stand to gain strength. Many investors will have new opportunities to grow cash if they're smart.
Making Money In Spite Of The Drop
Freedom from the EU and the fact that the pound is weaker could both be factors that actually help traders. A fall in sterling could be good news for companies listed in Britain's top stock market FTSE 100, such as Tesco. This is because a high number of them generate their sales outside of the UK, but report in pounds. Gold and diamond firms are some of the commodities that are considered safe post-Brexit. The UK tech sector could also get good results from Brexit. Savers and investors shouldn't lose focus on their long-term goals in spite of these new challenges.
The Tesco/Unilever Row
One of Britain's biggest supermarkets and a well-known consumer goods giant have recently had a very public dispute over prices. Unilever gave Tesco an ultimatum; take or leave the 10% 'Brexit' blanket price rise. Tesco refused, and Unilever proceeded to remove their products from the shelves. This left a noticeable shortage. It's clear who the real winner was. Tesco vowed to go on without over 200 products, such as Marmite and Hellman's mayo, and it became the top riser in the FTSE 100. Unilever became one of the biggest fallers, losing £3 billion from their share price. Critics and shoppers were in uproar, claiming that Unilever were using Brexit as an excuse to simply exploit customers. With their 10% price hikes, it definitely looked that way. Shoppers vowed to boycott Unilever, and more specifically, Marmite. Many of Unilever's products, including Marmite, are made in Britain and therefore immune to price rises post-Brexit. This makes it clear that Unilever simply attempted to use Brexit as a smokescreen. The anti-competitive, aggressive blanket price rise approach taken by Unilever is very different to that of other goods companies. It took just a few days for Unilever to see the error of their ways, and they backed down, coming to an agreement with Tesco. The details of the new deal with Tesco have not been revealed. However, it's thought that a limited range of price increases will be noticed within the next few months.
About Learn to Trade
With Learn to Trade, you could learn how to spot opportunities in the market, such as the Tesco/Unilever row, and make the most of them. If you want to be your own boss or make a lucrative second income, learning to trade Forex could be the answer. Using the strategies and software provided by Learn to Trade, you could build a successful career in currency trading. Forex is a quick way to generate an immediate income, anytime, anywhere. Learn to Trade have been voted the UK's number one Forex training provider, so you know your trading future is in safe hands. You can even get started by attending a free 2-hour workshop and learning some simple strategies. All you need is a laptop and an internet connection. Learn to Trade can teach you how to make money whether the market is going up or down. You can start making money straight away. Forex is a skill; one you could use for a lifetime. You can learn how to automate your trading, and identify new opportunities. You'll minimise trading risks, set up daily trades suited to your schedule, and come up with a plan that fits your lifestyle. After a short 3 day course, you could be ready to start trading.
There's also live coaching with Learn to Trade. This is open to total beginners and taught by professional traders. These traders know what it's like to enter the world of trading and all about the challenges you'll come up against. Money management and mental training are considered paramount to Learn to Trade's professional traders. This means you get a well-rounded Forex education. With a one to one professional coaching session, you can start trading in a supervised environment. This will give you more confidence to bite the bullet.
Trading Forex is the fastest way to make a fortune in the world today. Sign up for a free workshop with Learn to Trade and you might change your future.
Learn to Trade
Tel: +44 (0) 207 751 8900
SOURCE Learn To Trade