Press Release

Pros and Cons of Forex Trading: Is Forex Right for You?

Published

1 week ago

September 19, 2023

–News Direct–

In the past, large financial institutions, major fund managers, large corporations and high net worth individuals were virtually the only participants in the huge forex market outside of national central banks. With the advent of forex trading with the internet, however, just about anyone can now open a forex trading account and begin trading currencies online.

Even though the forex market has been made available to a wide audience of retail forex traders, currency speculation remains a risky endeavor. Studies show that more than 3/4 of new forex traders still lose money. Trading in the forex market certainly has its advantages but it also poses a considerable risk, especially to the novice trader. Keep reading to get a better picture of the pros and cons of forex trading.

The Pros of Forex Trading

The foreign exchange market has a number of advantages not found in other markets. These include:

Easy Access

The forex market is now probably the easiest financial market to open an account and begin trading in. Opening an online forex trading account can be done from anywhere in the world with as little as $1 and an internet-connected smart device.

Practice Trading

You can easily practice trading or gauge an online brokers services and trading platform by opening a free demo account that almost all forex brokers offer.

Leverage

Unlike the stock market that involves purchases, forex positions are based on an exchange of currencies. While you can only leverage stock trading positions in a margin account at a 2:1 ratio, forex trades can be leveraged up to 1000:1 in some jurisdictions. U.S. regulations that apply to retail forex traders have tightened maximum allowed leverage ratios to 50:1 for major currency pairs and 20:1 on minor pairs, while the E.U. now limits retail forex leverage ratios to 30:1 for majors and 20:1 for minors.

Quick Returns

Once profitable forex positions are liquidated, the profits can be made available immediately for withdrawal, depending on the forex broker used.

Ease of Going Long or Short

Unlike in some stock markets, there are no uptick rules that prevent you from going short, so you can buy or sell currency pairs freely. When you take a position in the forex market, you take both long and short positions simultaneously by going long or short the base currency against the counter currency.

High Liquidity

The liquidity in the forex market is unmatched by any other capital market and central banks oversee the markets in their national currencies. Special circumstances, like the sudden imposition of exchange rate regimes, the release of major economic data and geopolitical events, can adversely affect the liquidity in affected currency pairs while the forex market is reacting to the new information.

Less Chance of Market Manipulation

Due to the size and depth of the forex market, manipulation of this huge market can be very difficult even for hedge funds and large corporations. Even national central banks can have difficulty manipulating the forex market, although they do sometimes step in to mitigate sharp market movements in their currencies.

Low Trading Costs

Overall, trading costs for forex compare quite favorably to other markets. If you mainly trade in major currency pairs, then dealing spreads tend to be tight, which reduces your trading costs. Dealing spreads in the minor and exotic currency pairs are typically wider, however, which increases your trading costs in those pairs.

Simpler Tax Rules

As 988 traders according to the Internal Revenue Code (IRC), U.S.-based forex traders can deduct all of their trading losses for a given year. They can be taxed as a futures and options trader of 1256 contracts under the 60/40 rule that specifies that 60% of gains or losses are treated as long-term capital gains or losses, while 40% of gains or losses are treated as short term. Consult with your accountant to see what rules apply and what tax plan makes the most sense for you.

Ability to Automate Your Trading

Many online forex brokers support the MetaTrader 4 or 5 trading platforms that allow you to run expert advisor or EA software that lets you automate your trading. Other trading platforms also offer this feature, so check with your broker to find out if their platform supports automation.

Open 24 Hours a Day During Trading Week

The forex market opens at 5 p.m. +0000 on Sunday and closes at 5 p.m. +0000 on Friday. The forex market remains open continuously 24 hours a day during that trading week. The various trading sessions that correspond to major global money centers, like London, Tokyo and New York, also provide different levels of liquidity in certain currency pairs. For example, currency pairs containing the Japanese yen, Singapore dollar and the Australasian currencies tend to be more liquid during the Tokyo trading session.

Lower Overhead

Thanks to high liquidity and lower trading costs, your overhead as a forex trader tends to be lower than if you traded in other financial markets. Since forex trading is typically commission free, you usually just need to pay away the dealing spread. Also, all youll need to get started trading forex is an internet-connected device and a modest amount of risk capital to use as a margin deposit.

The Cons of Forex Trading

Now let's take a look at the cons of forex trading.

Trading Against Professionals

As a retail forex trader, you basically trade against a host of professional traders, large multinational corporations, national central banks and hedge funds that always have a presence in the forex market.

Knowledge of World Events

Since the forex market consists of national currencies, a knowledge of macroeconomics and familiarity with world events can be extremely important to achieve consistent profits. Ideally, you would limit your trading to a handful of currency pairs, researching each countrys fundamentals to make more informed decisions on trade.

Lower Regulation

Due to the unregulated nature of the forex market, many online forex brokers operate with little or no oversight depending on the brokers jurisdiction. While this may be an issue in some countries, if youre based in the Eurozone, U.K. or U.S. jurisdictions, you may only be able to trade with forex brokers regulated by the Commodities Futures Trading Commission (CFTC) in the U.S., the Financial Conduct Authority (FCA) in the U.K. or the Cyprus Securities and Exchange Commission (CySEC) in the E.U.

Exchange Rate Valuations

Unlike stocks, the origin of currency valuations arent as apparent and rely on a series of factors that may or may not be readily apparent in the market. This works against retail traders who might not have access to this type of information.

Leverage

Trading with leverage represents a double-edged sword for forex traders. On the one hand, you can magnify your profits, but by the same token your losses also increase with leverage. Leverage can be just as much of an advantage as a disadvantage to forex trades.

Volatility

Another example of a two-edged sword, while volatility remains a staple of short-term traders, volatility can be difficult to deal with for traders looking at the medium and long terms and could catch them off guard.

Patience Required

Successful trading typically requires patience as you wait for good opportunities to arise. Most traders also need to get into the groove, which means they need time to get used to the forex market in order to trade profitably. Trading in a demo account could be helpful for novice traders with limited experience.

Contact Details

CedarFX

+1 877-440-9464

[email protected]

Company Website

https://www.cedarfx.com/

View source version on newsdirect.com: https://newsdirect.com/news/pros-and-cons-of-forex-trading-is-forex-right-for-you-487010382

CedarFX

COMTEX_440530440/2655/2023-09-19T16:17:53

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Press Release

The Fusion of Fashion and Technology: Adi Cohen’s “Anywear” Revolution

Published

32 mins ago

September 29, 2023

Cloud PR Wire

An extraordinary event is on the horizon in the world of fashion!

United States, 29th Sep 2023, King NewsWire – On October 15th, 2023, the fashion realm is gearing up for a captivating journey. Anywear Design proudly announces the debut of the ‘Anywear Design Contest’; a competition aimed at celebrating creativity, passion, and envisioning the future of fashion.

This contest stands out as a peerless platform for up-and-coming designers, fashion aficionados, and those who appreciate the artistry in clothing. It offers an opportunity to present designs that not only encapsulate the essence of fashion but also pave the way for innovative trends.

More than just a competition, it’s a beckoning to innovation and artistic expression in the apparel industry. For those keen on participating or following this event closely, details can be found at: www.anywear.online

ANYWEAR DESIGN

In a world of fleeting fashions and cyclical trends, fashion is undergoing a seismic shift thanks to luminaries like Adi Cohen. This visionary, behind “Anywear”, has brought to light a brilliant blend of cutting-edge technological solutions with sustainable fashion showcases.

Redefining the Fashion Landscape: Venturing into the realm of fashion, Cohen didn’t settle for the status quo. She identified a niche where individual desires could be realized through bespoke fashion. Launched aggressively in 2016, “Anywear” wasn’t about birthing just another brand; it was about spearheading a movement. This movement wasn’t about a transient style but about enduring elegance tailored to personal tastes, championing a sustainable ethos.

Artisanal Sustainability: Every Stitch Tells a Story: The conventional fashion model revolves around mass-produced designs that quickly fall out of fashion, adding to the ever-growing landfill issues. “Anywear” stands as an antithesis to this. Every outfit, tailored to personal preferences, ensures minimal waste. Through this revolutionary model, attire isn’t about fleeting allure but valued pieces that stand the test of time.

The Future of Fashion Meets Technology: Imagine a world where your wardrobe can be digitally designed and physically produced within the confines of your home. Cohen’s vision marries AI, augmented reality, and 3D printing, heralding a future where the boundary between the digital and the physical becomes blurred. Under her leadership, “Anywear” is making this future accessible, pushing the boundaries of what’s possible in fashion.

Tech Revolution in Fashion: Adi Cohen and “ANYWEAR”

Fashion has always been a reflection of society and its evolution. But today, thanks to visionaries like Adi Cohen, the industry is on the brink of an unprecedented revolution. Cohen, with her brand “Anywear”, is merging cutting-edge technology with sustainability, introducing the world to a new fashion paradigm.

Eco-Innovation: A Commitment to the Planet: Environmental consciousness has become critical for the current generations. Cohen grasped this and set out to ensure that “Anywear” wasn’t just a fashion brand but a badge of responsibility. Using recycled materials and eco-friendly production processes, the brand

stands out not just for its style but its commitment to the planet.

AI and Customization: A Potent Mix: In the age of personalization, consumers no longer want to be just another number. They seek products that echo their individuality. “Anywear”, with its integration of artificial intelligence, allows its customers to design and tailor their clothes, offering unique pieces that truly mirror the wearer’s personality.

Adi’s Vision: Beyond Fashion: For Cohen, “Anywear” isn’t just a business. It’s a mission. A mission to show that fashion can be responsible, sustainable, and simultaneously chic and avant-garde. With plans to take her brand global, Cohen hopes “Anywear” can set a benchmark for other emerging brands and businesses.

Conclusion: In an ever-changing world, where technology and fashion intersect, brands like “Anywear”, led by visionaries like Adi Cohen, are showing the way forward. A path where sustainability, personalization, and innovation go hand in hand.

www.anywear.online

Media Contact

Organization: Anywear Design

Contact Person: Cristian Alvarez

Website: https://anywear.online/

Email: [email protected]

Country: United States

Release Id: 2909236690

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Press Release

Touch of Smart: Your Destination for Fast Shipping, High-Quality, and Affordable Products

Published

32 mins ago

September 29, 2023

Cloud PR Wire

United States, 29th Sep 2023, King NewsWire – Touch of Smart, a leading online retailer, is revolutionizing the way consumers shop for high-quality products with its commitment to fast 4-day US shipping, top-notch quality, and unbeatable affordability. Catering to the needs of modern shoppers, Touch of Smart is the ultimate destination for those seeking an exceptional shopping experience.

Fast 4-Day US Shipping:

In today’s fast-paced world, waiting weeks for an online purchase to arrive can be a frustrating experience. Touch of Smart understands the importance of prompt delivery. That’s why we offer fast 4-day US shipping on a wide range of products. We believe in delivering not just products but also convenience and peace of mind to our customers.

High Quality:

Quality is the cornerstone of Touch of Smart’s philosophy. We handpick products from reputable manufacturers, ensuring they meet stringent quality standards. Our commitment to excellence is reflected in every item we offer. Whether it’s electronics, home and kitchen essentials, health and fitness equipment, or fashion accessories, we provide products that are built to last and perform exceptionally.

Affordable Prices:

At Touch of Smart, we believe that everyone deserves access to high-quality products at affordable prices. Our competitive pricing strategy allows us to offer incredible value to our customers. We understand the importance of budget-friendly options without compromising on quality. By keeping our prices low, we make it possible for our customers to enjoy the best without breaking the bank.

Explore Our Product Categories:

Discover the Touch of Smart difference by exploring our diverse product categories. From cutting-edge electronics to stylish fashion, we have something for everyone. Whether you’re looking for the latest gadgets, stylish clothing, or innovative home and kitchen solutions, you’ll find it at Touch of Smart.

As part of this press release, we are delighted to introduce you to one of our featured products: the Product Category. This product exemplifies our commitment to quality, affordability, and fast shipping.

Media Contact

Organization: Touch of smart

Contact Person: Touch of smart Team

Website: https://touchofsmart.com/

Email: [email protected]

Country: United States

Release Id: 2909236691

The post Touch of Smart: Your Destination for Fast Shipping, High-Quality, and Affordable Products appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Touch of Smart Sets New Standards with Fast Shipping, Unmatched Quality, and Affordable Prices

Published

32 mins ago

September 29, 2023

Cloud PR Wire

United States, 29th Sep 2023, King NewsWire – Touch of Smart, a pioneering online retail destination, is elevating the shopping experience with its unwavering commitment to fast 4-day US shipping, superior quality, and budget-friendly prices. In a world where convenience, quality, and savings are paramount, Touch of Smart emerges as the go-to choice for discerning consumers.

Fast 4-Day US Shipping:

Long gone are the days of anxiously awaiting online orders for weeks. Touch of Smart believes that prompt delivery is not just a service but a promise. With fast 4-day US shipping, we ensure that our customers receive their purchases swiftly and efficiently, reducing wait times and enhancing the overall shopping experience.

Uncompromising Quality:

Quality is the cornerstone of Touch of Smart’s ethos. We meticulously curate our product selection, partnering only with reputable manufacturers who meet our stringent quality standards. Our unwavering commitment to excellence is evident in every item we offer, whether it’s cutting-edge electronics, home essentials, fitness equipment, fashion, or pet products.

Affordable Prices:

At Touch of Smart, we firmly believe that high-quality products should be accessible to everyone, regardless of their budget. We’ve taken a customer-centric approach by offering competitive pricing that ensures affordability without compromising quality. Our aim is to empower our customers to make smart choices for their everyday needs while staying within their financial means.

Discover Our Product Categories:

Explore the diverse world of Touch of Smart through our extensive product categories. From state-of-the-art electronics to fashionable attire and innovative pet solutions, we cater to a wide range of consumer needs. As part of this announcement, we are thrilled to introduce you to one of our featured product categories: Dog Carriers & Travel Products. This collection embodies our commitment to quality, affordability, and quick delivery.