advance
What are the benefits of deposit insurance?
Deposit insurance is a new service that banks have begun to offer to customers.
The essence of insurance is that if the bank refuses to pay the client a deposit, he can write a statement to the insurance company. She submits an official request to the bank and, after receiving a response, reimburses the deposit amount to the client. Typically, customers who have insured deposits receive a slightly lower interest on the deposit. For example, if a client should receive 20% per annum on a deposit, he will receive only 15-17%, but he will be insured against problems and unforeseen circumstances. In any case, the insurance company will pay him the full amount of the deposit. The insured event occurs at the moment when the bank is declared bankrupt. Continue reading
Functions performed by a professional trader
There is such a popular opinion that a large number of Forex traders, for which the process of currency trading is a professional activity, can quite differ from those traders who are just lovers of this activity.
In reality, almost every professional trader is actively interacting with the market much less often than beginners might think. And this fact is right for those professionals who conduct trading on their own schedule.
In the event that the trader is a professional, he knows that the general state of the psyche is important enough to constantly adhere to the necessary plan for trading on the market and always approach a thorough analysis of the charts. Continue reading
