subject: Beat The Base Rate And Join A Stock Market Training Course [print this page] The Bank of England base rate (the figure that all banks work off to determine what rates they set for their own loans and savings accounts) has remained at a mere 0.5 percent since March 2009. Whilst good news for those on tracker mortgages, as their repayments will have decreased substantially over the past few years, it is not ideal for savers, as the low base rate means low interest rates on savings accounts.
In fact, the interest rates that most banks are offering are, to a certain extent, not worth the bother of creating an account and depositing the money in it. For instance, the Daily Mail reported on 17 March 2010 that the Cheltenham and Gloucester Cash ISA was offering a rate of 0.05 percent. A somewhat unnecessarily low rate, it looks worse when you realise that for every 10,000 pounds that is put into one of these accounts, you can look to accrue a measly 5 pounds.
Due to the low rates that we are seeing currently, there are some people who, rather than complaining, are actively looking for other ways to increase their finances, with joining up to a stock market training course being one of those choices.
Trading on the stock market is something that most people are aware of. However, it is not often the case that they have actually traded themselves or they have even considered it, believing that it is restricted to people who live and work in the stock market centres themselves. Whilst this may have been the case many years ago, it is now possible, largely thanks to the internet, for anyone to trade stocks on any of the major markets.
If you are thinking of starting to trade stocks, before you go any further, it is absolutely imperative that you sign up to a stock market training course. You will have no doubt realised that there is a copious amount of free information and resources available online that claim to teach you everything that you need to know about trading on the stock market. Although some of these resources will no doubt be extremely useful, for a beginner, it is always better to attend an organized stock market training course to, apart from any other reason, ensure that you learn all of the information from the ground up and do not pick up any bad habits that may be apparent in online resources.
Choosing a stock marketing training course can be a complicated process, as there are so many available. When looking, however, ensure that the company delivering the course offers a full breakdown so that you can see exactly what is on offer. Stock market trading is not a secret industry and therefore if the company decides that they do not want to publish even a basic breakdown of the course, steer clear of them.
A full and proper stock market training course will cover everything from the basics of stocks and shares to the risks involved and covering all of the aspects you may not pick up if teaching yourself, such as the terminology and phrases used.
Just because stock market trading is not as safe as saving money in an ISA does not mean that it is a bad option and if you to see if you could increase your money more than you ever could with an ISA, look at signing up to a stock market training course.
