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Bidscale Becomes the First Software Adopter of the NCMA Contract Management Standard™

National Contract Management Association

Bidscale, a software solution for modernizing and accelerating government contracting, has become the first software company to adopt the National Contract Management Association’s (NCMA) Contract Management Standard™ (CMS). Bidscale's dedication to addressing the pressing needs of government contracting with digital solutions aligns with the profession's shift towards more efficient and transparent contract management practices, solidifying their position as a software leader. As the global language for contract management professionals, the NCMA CMS offers companies a cohesive and standardized framework. By seamlessly integrating the CMS into its core processes, including pre-award, award, and post-award, users can anticipate heightened operational efficiency and clarity. This strategic integration also reinforces Bidscale’s dedication to excellence in contract management practices. Tony Kwag, Chief Executive Officer of Bidscale, states, "We are proud to lead the way in modernizing government contracting with our adoption of the National Contract Management Association's CMS. This milestone reinforces Bidscale's commitment to revolutionizing contract management, aligning with industry trends towards greater efficiency and transparency. We can't wait to showcase this as GCMS 2023." Kraig Conrad, Chief Executive Officer of NCMA, commends Bidscale for their forward-thinking approach to the contract management profession, stating, "It's impressive to see Bidscale incorporating the Contract Management Standard™ (CMS) into their software. This proactive step demonstrates their commitment to setting global standards and their foresight in enhancing their services for professionals and organizations within the contract management field." The U.S. Office of Federal Procurement Policy (OFPP) has officially recognized the CMS as the foundation of a new contracting training system for all government agencies, effective February 1, 2023, ensuring that CMS adoption is in harmony with government practices. For more information about Bidscale and its commitment to contract management excellence, please visit https://www.bidscale.com/. For more information on NCMA's Common Language Adoption, please visit: www.ncmahq.org/adopters The National Contract Management Association (NCMA), which was founded in 1959 and is the world’s leading association in the field of contract management. The organization, which has over 18,000 members, is dedicated to the professional growth and educational advancement of procurement and acquisition personnel worldwide. NCMA strives to serve and inform the profession and industry it represents and to offer opportunities for the open exchange of ideas in neutral forums. To find out more, please visit www.ncmahq.org. Born out of an OT contract, Bidscale is a software-as-a-service platform that provides AI-powered contracting across the full federal contracting lifecycle, from requirements to award and beyond. Bidscale’s mission is to revolutionize how government and industry streamline decision-making and consolidate knowledge. Request a demo today at https://www.bidscale.com/demo. Contact Details National Contract Management Association Holly Dehesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org/

October 03, 2023 06:00 AM Eastern Daylight Time

Learning Technologies Group "much more comfortable about the second half"

Learning Technologies Group PLC

Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF) chief executive Jonathan Satchell speaks to Thomas Warner from Proactive after the workplace talent development company released its interim results for the six months to 31 June 2023 Satchel provides an overview of the company's performance over the period as well as its future outlook. The firm reported £285 million in revenue for the first half, a 2.5% increase from the previous year. However, challenges arose from integrating their LEO business into the GP Strategies content business, which Satchell suggests may ultimately have cost an estimated $80 million of EBIT. Despite these challenges, Satchell expresses confidence in the company's resilience. He says the company's performance during the second half was always going to hinge on the GPLX turnaround, adding that August's figures show a strong recovery and he feels "much more comfortable about the second half." While facing softness in markets like China and Japan, the company remains optimistic about meeting analyst expectations for the full year. He also says that as they approach their 10th anniversary, the firm is being selective about acquisitions and has announced a voluntary debt repayment of $25 million. Satchell also highlighted their focus on integrating AI thoughtfully, ensuring they don't merely follow trends but leverage technology effectively. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

September 29, 2023 03:00 AM Eastern Daylight Time

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Federal Publications Seminars (FPS) Embraces Industry Standardization with Adoption of CMS™ and CMBOK®

National Contract Management Association

Federal Publications Seminars (FPS), a leading government contract training provider, has announced a significant milestone in its commitment to advancing the contract management profession. FPS proudly embraces the National Contract Management Association's (NCMA) ANSI Approved Contract Management Standard™ (CMS™) and the Contract Management Body of Knowledge (CMBOK®) as the cornerstone for hiring, career development, and training of contract management professionals. The CMS™, recognized as the standard global language of government contracting, and the comprehensive CMBOK® collectively offer a unified framework to define, discuss, and advance contract management phases, domains, competencies, and skills. “Our adoption of these standards reaffirms FPS’s support of NCMA and dedication to cultivating excellence and promoting a common language within the contract management community,” said Andy King, President of FPS. Mr. King stated, "By aligning our training courses with the adoption of CMS™ and CMBOK®, we are poised to provide even greater support to our thriving FPS education community. Our partnership and collaboration with the National Contract Management Association (NCMA) reinforces our commitment to cultivating a more robust, knowledgeable, and ethical federal government contracting industry." “Through this collaboration, FPS aims to empower its clients to not only meet compliance requirements but also gain a competitive edge by harnessing their newfound expertise. The synergy between FPS and NCMA promises a brighter future for professionals in the federal contracting arena,” Mr. King concluded. "We appreciate Federal Publications Seminar's commitment to advancing the contract management profession through the adoption of the CMS™ and CMBOK®. they join leading organizations on our journey toward common language to foster global excellence," stated Kraig Conrad, Chief Executive Officer of NCMA. This move aligns FPS with the Department of Defense, civilian agencies of the U.S. government, industry leaders, and higher education institutions that have also embraced the CMS™ for their hiring, training, and educational programs. FPS's commitment to these standards is not only a testament to its leadership in the profession, but also an expression of support for NCMA's pivotal role in advancing the profession. For more information on NCMA's Common Language Adoption, please visit: www.ncmahq.org/adopters The National Contract Management Association (NCMA), which was founded in 1959 and is the world’s leading association in the field of contract management. The organization, which has over 18,000 members, is dedicated to the professional growth and educational advancement of procurement and acquisition personnel worldwide. NCMA strives to serve and inform the profession and industry it represents and to offer opportunities for the open exchange of ideas in neutral forums. To find out more, please visit www.ncmahq.org. About Federal Publication Seminars: Federal Publications Seminars (FPS) has been the leading provider of government contracts training and education for more than 60 years. FPS offers hundreds of in-person and online courses designed to provide in-house counsel, procurement officers, contract administrators, and accounting professionals and firms with solid, comprehensive opportunities to stay current on critical issues throughout the government contracting market. FPS instructors are nationally recognized leaders in the government contracting industry. For more information or to subscribe, visit fedpubseminars.com or call 888.494.3696. Follow FPS on social channels for the latest updates, class notifications and promotions @fedpubseminars. Contact Details National Contract Management Association Holly Dehesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org/

September 28, 2023 06:55 AM Eastern Daylight Time

Classiq to Host Quantum Software Hackathon and Bootcamp on October 1

Classiq Technologies

Classiq Technologies, a leading quantum computing software company, today announced its annual quantum computing software bootcamp and hackathon, the Classiq Quest. There is no cost to participate in either event. First up is the bootcamp, October 1-5, during which participants will learn how to fully exploit Classiq’s software to design, optimize and execute quantum algorithms. One to two hours of work per day over the five days will provide students, professors and others in academia focused on electrical engineering, computer science and other related fields an excellent opportunity to learn how to develop quantum algorithms. The quantum computing bootcamp is also a resource for those in industries such as DevOps, finance, chemistry, pharma, automotive and supply chain who want to learn how to harness the power of quantum computing. With a daily challenge on each day, participants will emerge from the bootcamp as experts on Classiq’s platform and fully prepared to tackle the Quest Hackathon challenges. Next up is the Classiq Quest Hackathon, which runs from October 8-11. The hackathon is an online programming competition open to individual as well as group participants. It is designed to reward those that can create efficient and elegant quantum circuits for a variety of important problems. Over the four days, participants receive a series of challenges for which they must design, optimize, and execute quantum algorithms. The challenges are a combination of open and well-defined problems that fall under three quantum computing themes – applications, utility, and education – and for each theme, there are two challenges. The application challenges focus on the use of quantum algorithms for addressing real-life problems in industries such as chemistry, finance, material science, and cyber security. Quantum utility concentrates on quantum algorithms that fully exploit the capabilities of available quantum computers. The quantum education theme is targeted at quantum algorithms for educational purposes with intuitive graphics and visualizations. “We often hear from professors that they have difficulty finding ways to teach students about quantum computing,” said Amir Naveh, chief product officer and co-founder at Classiq. “Our bootcamp offers a great way for students to get up to speed quickly on quantum computing and then test their skills with the challenges in the hackathon. It’s equally relevant and useful for people on the corporate side, who are quantum curious and need an easy entry point. We’re all about democratizing quantum computing.” Last year, nearly 300 participants from 51 countries registered for the Classiq coding competition and Classiq received more than 150 solutions. Participants must register by Sunday, October 1. Details on events, challenges and ways to participate are available at https://go.classiq.io/classiq-quest-hackathon#Bootcamp. The prize pool is $15,000. For each challenge, the first, second and third place winners will be rewarded with $1,500, $700, and $300, respectively. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing software platform with a single point of entry into quantum computing, from algorithm design to execution. Tailored to all levels of developer proficiency, Classiq aims to democratize access to quantum computing with software that equips customers to take full advantage of the quantum computing revolution. A low-code development environment ensures that a broader range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of how to program quantum computer hardware. Backed by powerful investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking software development platform. Follow Classiq on LinkedIn, X (formerly Twitter), or YouTube, or visit www.classiq.io to learn more. Contact Details Michelle Allard McMahon/Jenna Beaucage classiqPR@rainierco.com Company Website http://www.classiq.io/

September 27, 2023 01:45 PM Eastern Daylight Time

Minuteman Press Franchise in Westlake, Ohio Moves to New Location, Expands Business

Minuteman Press International Inc

Jennet and Dan Foster are the owners of the Minuteman Press franchise in Westlake, Ohio. The family business first opened in 2004 and 19 years later, Jennet and Dan celebrated their relocation from North Olmsted to Westlake with a grand opening event on June 15, 2023. Minuteman Press in Westlake is located at 26145 Center Ridge Road, Unit A, Westlake, OH 44145. Expanding & Relocating the Business On the relocation, Jennet shares, “We acquired some new machines (Xante envelope press and Duplo cut, score, perf machine) and we were looking to expand. We first thought about expanding into the empty space next door and continuing to lease but then we decided to invest in ourselves instead and bought a commercial property. With room for the new equipment, we can offer in-house services that were previously vendor jobs, so the turnaround times on certain products is now even quicker for our clients.” Jennet continues, “Now, we have the space to expand even more. We just purchased a used booklet maker and will eventually add another color digital press. We also now have double doors, so we don't have to have pallets dropped on the sidewalk and disassemble them to bring them in. Our new facility also has more desk space for our staff. There are currently 5 people on our team and it’s been a great move! It was a little sad to leave North Olmsted but Westlake has welcomed us with open arms and we're happy to be here.” Reflecting on the grand opening, Jennet says, “The grand opening was held on June 15. We couldn't believe the number of people that attended. We had over 100 people and our giant parking lot was overflowing. It was packed inside and outside at the cornhole boards. The Chambers of Commerce that I'm involved with were fantastic in getting the word out. It was a great party that really came together nicely.” Growth & Getting Involved in the Community One key to growth has been Jennet’s community involvement. She shares, “I'm super involved with many organizations. I'm in four Chambers of Commerce including being on the board of one and different committee roles on the others. I am also a member of BNI as well as the National Association of Women Business Owners. In 2019, I did the 10,000 Small Businesses Program and that was really helpful in understanding different aspects of business. As a member of NAWBO, I do outreach to graduates of the program.” Jennet continues, “I am not just in these organizations, I am personally involved, which helps me get to know so many people. And it’s so true that people want to do business with people they know, like, and trust. We also advertise as a sponsor within these organizations and we advertise with direct mail to our customers and potential customers. You have to let people know about all of the products and services that you provide. Otherwise, how will they know that they need them?” She also credits the Minuteman Press support team for helping her business stay on track. Jennet says, “Last year, we were understaffed and had a family emergency. Both our RVP Rich DeRosa & field rep Ryan McIntyre were there for us to help out at the shop to keep things moving. It was a real lifesaver and very much appreciated. They have also helped with hiring and are also good to bounce ideas off of when you're considering new equipment, and they offer assistance when we need help with vendors. The FLEX software is great, too.” Minuteman Press Reflections As they approach 20 years in business as Minuteman Press owners, Jennet shares, “When we started Minuteman Press with my dad, Dan and I were just newlyweds. One of the things that has been wonderful for us about owning the business is that we can be there for our 3 kids. When they were younger, we were able to pop out in the middle of the day to help with a class party or read the class a story or whatever they needed. Today, they're now 13, 15, and 17. Having Minuteman Press as our business allows us to have that freedom to be there for our family.” It’s also clear that Jennet and Dan simply love what they do. She says, “What we love about this industry is helping our customers. They will come in with just an idea. We will then give a little guidance, design it, produce it, and wow them with the finished product, which they use to achieve their purposes.” She adds, “We love to watch our customers grow and succeed and we appreciate them letting us help them with that!” Minuteman Press in Westlake is located at 26145 Center Ridge Road, Unit A, Westlake, OH 44145. For more information, visit their website: https://minuteman.com/us/locations/oh/westlake/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

September 26, 2023 10:00 AM Eastern Daylight Time

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MultiversX Rivals the World’s Largest Hackathon Prize Fund of $1M to Expand the Blockchain Ecosystem at xDay 2023

STORM Partners

Sep 22nd, 2023 - MultiversX has announced the launch of its global development event, the xDay Hackathon, to further expand the Web3 ecosystem for new and emerging projects. Organized alongside Encode and Dora Hacks, the event is powered by its esteemed partners, including Google Cloud, Tencent Cloud and Deutsche Telekom, offering prizes and funding of up to $1M. MultiversX is offering one of the largest hackathon prize funds in history. Beyond cash and seed funding rewards, the grand prize offers the winning project an exclusive spot on the xLaunchpad platform. This grants them access to an incubation platform that provides emerging projects with assistance in multiple areas including: funding, legal & compliance, marketing and developer support amongst other services, while also giving access to a community of over 100,000 users. The xDay Hackathon has already garnered impressive interest, with over 500 participants registered. The event has been designed to offer invaluable learning opportunities, including 19 workshops and 4 AMA sessions. Developers can build tools, scripts or smart contracts in languages like Rust, C/C++, Python, and TypeScript, making the xDay Hackathon a global call for coders of all skill levels. " The xDay Hackathon is the very best time to build. Builders, tools, prizes, funding. Everything is ready for the global builder community. Time for builders to explore new ways of utilizing the unique capabilities of the MultiversX network. " says Beniamin Mincu, CEO of MultiversX. Registrations for the xDay Hackathon are still open at xday.com/hackathon until October 16th. The event spans across six tracks: AI, DeFi, Payments, Infrastructure & Dev Tooling, Mobile Apps, Gaming & Metaverse, running from September 21st to October 20th. While the event is hosted online, the grand finale will be held at the xDay conference, in Bucharest, Romania, with optional in-person attendance. The MultiversX ecosystem has rapidly grown to become a leading force in the blockchain space, boasting an impressive 2.3 million wallets, over 345 million processed transactions, and a thriving community of builders with 2,500+ tokens, 6,500+ applications and over 2 million NFTs created. About MultiversX MultiversX is a highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier. About Encode Encode Club is a leading web3 education community. Its mission is to help ambitious, talented people achieve personal and professional goals together in web3. Encode does this through organising high-quality programmes including hackathons, coding bootcamps, educational workshops, and accelerators in partnership with the leading blockchain protocols. Once participating in the programming, they help people get hired through the dedicated recruitment arm or receive investment through the investment fund. About DoraHacks DoraHacks is a global hackathon organizer and one of the world's most active developer incentive platforms. It creates a global hacker movement in blockchain, quantum computing and space tech, and provides a wide range of toolkits to help developers around the world team up and fund their ideas and BUIDLs via hackathons, bounties, grants and more. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes - adrian.bono@storm.partners or telegram @STORMPartners Contact Details Media Contact: Dan Voicu, Head of Communications dan.voicu@multiversx.com

September 22, 2023 10:49 AM Eastern Daylight Time

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TECH SOLUTIONS FOR BUSY FAMILIES & CONNECTED PARENTS

News Media Group, Inc.

Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

September 22, 2023 06:00 AM Eastern Daylight Time

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Comcast Donates Free WiFi Access to Four Nonprofits in the Twin Cities to Help Increase Digital Opportunities in the Region

Comcast Twin Cities

Comcast today announced the opening of four new Lift Zones in the Twin Cities to provide free WiFi access to families across the area. Furthering the company’s deep and longstanding commitment to advancing equity and opportunity, our new Lift Zones at the International Institute, Every Third Saturday, Al Maa’uun, and GMCC will support digital access and adoption through tech training and career building. The new Lift Zone at International Institute will also receive 250 new laptops and two privacy pods, which will be used for virtual job interviews and telehealth appointments, as needed by clients. Comcast’s Lift Zones program provides free WiFi, powered by Comcast Business, to enable students, seniors, families, and community members to get online and fully participate in the digital economy. With these four new locations, Comcast now offers over 115 Lift Zones throughout the Twin Cities. Comcast’s investments in the four partner organizations will help increase college and career readiness, especially among underserved youth; connect workers to opportunities; provide upskilling for adult learners and those already in the workforce; and close the skills – particularly digital skills – gap. “The tasks of starting a new life in a new country can be overwhelming for refugees and immigrants when they arrive. Digital literacy and lack of reliable internet access can get in the way of applying for work, participating in classes or accessing community services,” said Jane Graupman, Executive Director, International Institute of Minnesota. “Thanks to Comcast and this Lift Zone partnership, we can make this time a little easier for New Americans who contribute so much to our community.” “Helping to close the digital divide and address digital equity remain top priorities here in the Twin Cities,” said Makram El-Amin, Executive Director from Al Maa’uun. “Our city and our region have become even more dependent on broadband to learn, find work and healthcare services and so many other aspects of our daily life. Comcast’s new Lift Zones will create endless opportunities for so many individuals, families, and seniors in our community.” “We’re proud to partner with these four wonderful organizations to launch new Lift Zones to advance digital equity and workforce readiness in our most vulnerable neighborhoods,” said Kalyn Hove, Regional Senior Vice President, Comcast Midwest. “Our continued partnership with our community partners will equip individuals, families and seniors with the tools, skills and resources they need to achieve their goals.” “Helping our communities achieve digital equity is in our DNA at Comcast,” said Broderick Johnson, EVP, Public Policy, and EVP, Digital Equity, Comcast Corporation. “We’re thrilled to partner with the International Institute, Every Third Saturday, Al Maa’uun, and GMCC on our next installation of Lift Zones in the Twin Cities and to work with partners who share our same goals of closing the digital divide.” Today’s announcement is part of Project UP, Comcast’s $1 billion commitment to reach millions of people with the tools, resources, and skills needed to succeed in a digital world. Comcast’s Lift Zones complement Internet Essentials, which since 2011, has helped connect more than 10 million low-income people to the Internet at home. In Minnesota, the program has connected more than 416,000 Minnesotans. Comcast also participates in the Affordable Connectivity Program (ACP), which provides qualifying households with a $30 per month credit, or $75 per month on Tribal lands, toward their Internet and mobile services. New and existing Xfinity Internet or Internet Essentials customers can learn more about the program and sign up by visiting: https://www.xfinity.com/learn/internet-service/acp/free-internet. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Comcast Corporation Jill Hornbacher +1 651-425-1695 Jill_Hornbacher@comcast.com Company Website https://midwest.comcast.com

September 21, 2023 10:00 AM Central Daylight Time

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

CedarFX

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 broker’s 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. EST on Sunday and closes at 5 p.m. EST 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 you’ll 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 country’s 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 broker’s jurisdiction. While this may be an issue in some countries, if you’re 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 aren’t 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 info@cedarfx.com Company Website https://www.cedarfx.com/

September 19, 2023 04:18 PM Eastern Daylight Time

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