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WHAT'S COOL FOR SCHOOL 2023

News Media Group, Inc.

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

July 28, 2023 06:00 AM Eastern Daylight Time

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TRADEMARK BEAUTY ENTERS CVS

Trademark Beauty

Trademark Beauty, the acclaimed line of affordable, award-winning, and user-friendly hair tools, celebrates its fourth anniversary by expanding into 186 CVS BeautyIRL stores nationwide and online at CVS.com. Founded in 2019 by sibling duo Celebrity Hair Stylist Joseph Maine, known for working with A-list clients like Kate McKinnon and Ashley Benson, and Sabrina Maine, the brand achieved remarkable success, generating over $1M in revenue within the first 18 months, all while being self-funded. Their childhood fascination with hair tools and products, which ignited during moments of bonding while getting ready for church and school, inspired the inception of Trademark Beauty. The brand's best-selling products include the Babe Waves, a triple barrel curling iron for effortless beach waves, which sold out six times since its launch; the Easy Blo, a blow dryer brush combo featuring Ionic Technology for reduced damage and drying time, and their latest release, the Sunny Styler, a 2-in-1 iron for both curls and straightening with air vents that instantly cool and set hair, minimizing damage. CVS BeautyIRL stores and CVS.com offer seven products from the brand, including all three best sellers, along with Velcro rollers, a wet/dry hairbrush, a flat iron and a lightweight blow-dryer. Sporting their signature bubblegum pink color, the tools and accessories are priced between $14-$90. Co-Founder Joseph Maine expresses delight in partnering with the mass market retailer, stating, "It was always our goal to make luxury hair tools more accessible, and CVS stores make it easy and convenient to purchase beauty products - it's the perfect fit for us." Trademark Beauty takes pride in its commitment to affordability, ensuring customers can access top-quality, innovative hair tools without compromising on style. ABOUT TRADEMARK BEAUTY Joseph and Sabrina Maine launched Trademark Beauty with the mission to make premium beauty products more accessible. After over a decade in the industry, the sibling duo has established a brand and community focused on proving that beauty is undefinable. Like art, beauty is subjective. Beauty has no rules. Beauty is for everyone. https://shoptrademarkbeauty.com/ https://www.instagram.com/trademarkbeauty/ https://www.tiktok.com/@trademarkbeauty Contact Details Trademark Beauty Kim Farrington Kim@farringtonpr.com Company Website https://shoptrademarkbeauty.com/

July 27, 2023 12:00 PM Eastern Daylight Time

HIBBETT HOSTS CLIPS & KICKS BACK TO SCHOOL APPRECIATION EVENT WITH FREE HAIRCUTS AND SCHOOL SUPPLIES IN FLORISSANT, MO

Hibbett, Inc.

As summer vacation draws to a close and the new school year approaches, Hibbett and Nike announce an action packed Clips & Kicks Back to School appreciation event and celebration on Saturday, August 5th from 10am to 6pm in Florissant, Missouri. Hibbett wants to make the back to school prep a little easier with some free stuff for families, while they are getting their back to school shopping done. The public is invited to stop by the Hibbett store located at 13931 New Halls Ferry Rd in Florissant on Saturday, August 5th from 10am to 6pm to join the fun. “We are excited to host our annual Clips & Kicks event with our awesome partners at Nike and give back to the wonderful Florissant community,” said Alex Lerch, Hibbett, District Manager. “The kids love getting new haircuts and this event is always really fun for the whole family.” Each year, Hibbett hosts special back to school events across the country to show appreciation to local families in their community who may be stretched with back to school expenses. Hibbett hires professional barbers and brings them onsite to provide free professional children’s haircuts for attendees. There is a party atmosphere to get kids pumped up about the new school year with their fresh new cuts and free school supplies. Throughout the day there is music, special promotions, giveaways, light refreshments and much more. Children of all ages are welcome to get free haircuts and school supplies on a first-come, first-serve basis, while supplies last. About Hibbett, Inc. Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with 1143 Hibbett and City Gear specialty stores, located in 36 states nationwide. Hibbett has a rich history of convenient locations, personalized customer service and access to coveted footwear, apparel and equipment from top brands like Nike, Jordan, and adidas. Consumers can browse styles, find new releases, shop looks and make purchases online or in their nearest store by visiting www.hibbett.com. Follow us @hibbettsports and @citygear on Facebook, Instagram and Twitter. Contact Details Wendy Yellin pr@hibbett.com Company Website https://www.Hibbett.com

July 27, 2023 10:05 AM Eastern Daylight Time

Exploring Different Trading Methods in the CFD Market

LonghornFX

Innovation has always been a pillar of the financial industry, driving change and progress across markets and trading instruments. A product of financial creativity is the contract for difference (CFD), a derivative instrument that gives traders market exposure to other assets without directly owning them. There are several good reasons contracts for difference trading have become so popular. Traders can use CFDs to add leverage and trade larger sizes. CFD traders don’t need to fund the entire asset upfront, but they need to put up margin. Retail traders must understand that trading CFDs isn’t without risk. Understanding the market and managing risk are crucial to successful CFD trading. Common Types of CFDs Available to Trade You can buy a CFD on many types of financial assets. The underlying asset types can include: Indexes Indexes measure the performance of a group of assets. The Financial Times Stock Exchange (FTSE) 100 is an example of an index that tracks the performance of the 100 biggest London-listed companies. Some of the most well-known indices include the S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite, which track the performance of U.S. stocks. Many other indices track the performance of specific sectors, regions or asset classes, such as emerging markets, commodities or bonds. Indexes expose traders to a broader and diversified portion of the market. Index values are calculated according to predetermined formulas and weighted by price or market capitalization, for example. If weighted by market capitalization, bigger companies have more influence over the index value. Traders use indexes to track broader market trends. Forex Forex trading refers to the exchange of one currency for another. The forex market is the biggest financial market on earth, trading more than $7.5 trillion in value every day. The market is open for trade 24 hours a day five days a week. Foreign currencies are volatile and trading can be risky, but traders can tap into strong liquidity and profit from forex trading. The most-traded currency pair is the EUR/USD, followed by the USD/JPY, GBP/USD and USD/CHF. Forex is hugely popular, with millions of investors trading in forex. Stocks Stock traders buy and sell company shares. Stocks or shares represent ownership in the company. The stock trader’s goal is to profit from price changes. For those who time the market correctly, stock trading can be very profitable. But stock trading also carries the risk of loss. Stock traders might aim to profit from short-term stock price changes, while longer-term investors often buy shares to earn medium to long-term passive income. Institutional and retail traders trade popular stocks like Apple Inc., Microsoft Corp. and Meta Platforms Inc. Commodities Commodities include raw materials and agricultural products such as crude oil, precious metals, wheat and coffee. They are traded on commodities exchanges. Commodities trading requires specialized knowledge and may be inherently risky. Commodity prices change with supply and demand and can unexpectedly move either way. Understanding commodities may also require taking note of storage or transport costs, because commodities are physical assets. Many traders use commodity trading to diversify their portfolios. Commodities may offer a good hedge against inflation because they are physical assets that can be scarce. Choosing the Right CFD Trading Type Your financial strategy, risk tolerance and experience should guide your choice of the best CFD trading type. You should choose assets you have some knowledge and experience with. Also consider a CFD broker platform with the tools and resources to analyze market performance. If you lack experience in the market that interests you, spend some time practicing on a demo account with virtual money before you risk real money. Spend some time thinking about risk-management strategies before you commit your money. You can diversify and use limit and stop-loss orders to reduce your exposure. Highly leveraged trading may be tempting, but it will amplify losses. Can You Trade CFDs with Any Online Trading Platform? CFD trades are available on most trading platforms. Choose your CFD broker with care, as trading CFDs is risky. Choose a regulated CFD broker who can provide a quality online trading platform for retail traders. Rapid trade execution and attentive and available customer support are essential aspects of a good trading platform. Look for an online platform that offers trade in all the asset classes you plan to buy and sell. The platform should provide a full set of analysis and charting tools and educational materials to help you make the best trading decisions. News is also an essential aspect of trading CFDs, so a live news feed is helpful. Profitable CFD trading depends on a methodical analysis of the assets traded, and your online trading platform must provide the tools. The best online trading platforms will also offer a demo account, enabling you to test your CFD trading with virtual money. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

July 27, 2023 09:00 AM Eastern Daylight Time

Could ECN Brokers and Electronic Communications Networks Benefit Your Forex Trading Experience?

LonghornFX

The forex market continues to evolve with advanced technologies, offering traders new opportunities and improved efficiency. One such innovation is the use of automated electronic communications networks (ECNs) by forex brokers for trading. These ECNs facilitate direct matching of buy and sell orders, providing instantaneous execution and numerous advantages for investors. In the decentralized forex market, all trades are conducted online. ECNs play a crucial role in this process by connecting buyers and sellers directly, eliminating the need for intermediaries. By displaying the best available bid and ask prices on their trading platforms, ECN brokers empower investors to make informed decisions. Additionally, ECN brokers charge lower commissions compared to traditional brokers for executing trades and matching orders. ECN brokers are forex brokers that utilize ECNs to process trades placed by clients. Unlike market makers who act as principals, ECN brokers match trades with other market participants in the forex market. By employing non-dealing desk trading platforms and automated straight-through processing, ECN brokers contribute to market liquidity and strive to reduce bid-ask spreads. They introduce transparency by providing traders with access to the best-available currency quotations, empowering them to make well-informed trading decisions. Selecting an ECN forex broker can significantly enhance returns on currency trades due to their variable bid-ask spreads and low slippage rates. ECN brokers serve as liquidity providers, connecting traders worldwide around the clock. Unlike market makers who offer fixed spreads, ECN brokers match orders for specific currency pairs rather than setting the bid or ask rates. By eliminating dealing desks and executing trades automatically, ECN brokers provide bid-ask spreads close to interbank market rates. Begin Your ECN Forex Trading Journey Today For aspiring forex traders, ECN forex brokers offer an excellent starting point, thanks to their competitive interbank market spreads. However, it is crucial to consider pricing transparency and commission structures when choosing an ECN broker and trading platform. LonghornFX, a leading ECN trading platform, stands out with its low commissions and swap fees on all trades. Open your live trading account today at https://www.longhornfx.com/ and experience the benefits of trading with LonghornFX. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

July 27, 2023 08:00 AM Eastern Daylight Time

Creating a Personalized Forex Trading Plan for Success in the Forex Market

CedarFX

A forex trading plan is a blueprint for success in the dynamic and fast-paced forex market. Without a well-defined plan, traders run the risk of making costly mistakes and losing money. A forex trading plan serves as a methodology, system, and strategy for making informed decisions and taking calculated actions in the market. It plays a crucial role in managing risk, controlling emotions, and gaining an edge over the competition. Your plan should encompasses various elements, including currency pair selection, risk management per trade, indicator usage, entry and exit signals, position management, performance evaluation, and daily routines. It is important to note that a trading plan differs from a trading system, which consists of specific rules for entering and exiting trades and is an integral part of the overall plan. To assist traders in creating a personalized forex trading plan, here are essential tips that cover the fundamental aspects of successful trading: Start With Your Ultimate Goals: Begin by setting specific, measurable, achievable, relevant, and time-bound (SMART) goals that reflect your trading style, financial situation, and adaptability to changing market conditions. Choose Your Trading Style: Select a trading style, such as scalping, day trading, swing trading, or position trading, that aligns with your personality, preferences, risk appetite, time availability, emotional control, and financial goals. Consider experimenting with different styles on a demo account before committing to one on a live account. Analyze the Forex Market: Utilize fundamental, technical, and sentiment analysis to analyze the market effectively. Combine these approaches across different time frames, selecting currency pairs that suit your trading style and goals. Determine the optimal timing for entering and exiting trades based on your strategy, prevailing market conditions, and personal preferences. Develop a Risk-Management Strategy: Formulate a robust risk-management strategy that safeguards your capital and profits. Determine your risk tolerance, employ stop-loss and take-profit orders, and diversify your portfolio to minimize risk exposure. Consistently apply these risk-management techniques to every trade, regularly monitoring and adjusting your strategy as needed. Implement Effective Money Management: Sound money management is essential for achieving long-term profitability and growth in forex trading. Allocate a budget based on your financial situation, risk tolerance, and goals. Utilize position size calculators to determine appropriate trade sizes,and avoid risking more than 1% of your available trading capital per position. Maintain a trading journal to document your trades and utilize performance reports to evaluate your overall performance. Consistently apply these money management techniques and adjust them as necessary. Monitor and Reevaluate: Regularly monitor and reevaluate your forex trading plan to ensure its effectiveness. Review your plan at least once a month and make necessary adjustments to stay disciplined and focused. Seek constructive criticism and utilize reliable tools to aid in your analysis. Engaging in honest self-reflection and analysis can lead to improved trading results. Work With the Right Forex Broker: Selecting the right forex broker is crucial for a successful trading experience. Consider factors such as regulation, trading costs, trading platforms, customer support, and deposit/withdrawal processes when choosing a broker. Conduct thorough research, assess the broker's reputation, and test their services on a demo account before opening a live account. Embark on Your Forex Trading Journey with CedarFX By following these comprehensive steps, traders can create a personalized forex trading plan that aligns with their unique goals and trading objectives. As you embark on your journey to create a personalized forex trading plan, you can sign up for CedarFX as your forex broker. CedarFX is a reliable broker that offers a range of benefits and features to support your trading success including low fees, zero commissions, and 10 trees planted for every lot traded. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details CedarFX +1 877-440-9464 info@cedarfx.com Company Website https://www.cedarfx.com/

July 27, 2023 07:00 AM Eastern Daylight Time

Improve Forex Trade Decisions with Multiple Time Frame Analysis

LonghornFX

As a forex trader, one of your greatest challenges is identifying optimal trade entry and exit points amidst a multitude of factors. However, a powerful solution exists: multiple time frame analysis. By incorporating this technique into your trading strategy, you can gain valuable insights into market trends, support and resistance levels, and effectively identify potential entry and exit points. Multiple time frame analysis is a technical analysis approach that involves examining the same currency pair across different time frames. By doing so, traders can gain a deeper understanding of market trends and price movements. This popular technique is widely used to identify long-term trends, confirm trading signals, and pinpoint potential trade setups with remarkable precision. To successfully implement multiple time frame analysis, it is essential to grasp the three main time frames and their unique roles: Long-term time frame: This time frame encompasses weekly, monthly, or yearly charts and provides traders with insights into overall market trends and major support and resistance levels. It offers a broader perspective, allowing traders to understand the bigger picture. Medium-term time frame: Medium-term time frames, such as daily or four-hour charts, serve to refine trading signals and identify entry and exit points. They bridge the gap between long-term trends and short-term price action, enabling traders to identify optimal opportunities for action. Short-term time frame: Short-term time frames, including hourly or 15-minute charts, are essential for day traders and scalpers. They facilitate the identification of quick trade opportunities and enable traders to fine-tune their trade execution within the context of broader market trends. Implementing Multiple Time Frame Analysis in Forex Now that you have a grasp of different time frames, let's explore how to effectively implement multiple time frame analysis in forex trading. Choosing Time Frames: Select time frames based on your trading strategy, style, and risk tolerance. Long-term investors may focus on weekly and daily charts to capture broader market trends, while day traders may rely on shorter time frames like four-hour and one-hour charts to capture rapid market movements. Comparing Trends: Analyze trends across different time frames to confirm trading signals and identify potential trade setups. Begin by analyzing the longest time frame to determine the overarching market trend. Then progress to medium- and short-term frames to refine your analysis of current market conditions. Identifying Support and Resistance: Support and resistance levels act as psychological barriers in the market, preventing price from moving further in a particular direction. To identify these levels, analyze the long-term time frame and look for historical price levels where the currency pair has struggled to move beyond. Switch to the medium-term time frame to identify additional levels, and examine the short-term time frame for intraday support and resistance areas. Risk Management: Place stop losses at levels that align with support and resistance identified across various time frames. Additionally, establish profit targets based on observed support and resistance levels, optimizing gains while accounting for market reversals or consolidations. By incorporating multiple time frame analysis into your forex trading strategy, you gain a powerful tool to enhance decision-making and increase the likelihood of successful trades. About LonghornFX LonghornFX is a trusted and innovative forex broker committed to providing traders with a seamless trading experience. With a user-friendly platform, competitive spreads, and a wide range of trading instruments, LonghornFX empowers traders to capitalize on the opportunities presented by multiple time frame analysis. For more in-depth insights on using multiple time frame analysis and other forex trading strategies, visit https://www.longhornfx.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

July 27, 2023 07:00 AM Eastern Daylight Time

Bull Traps in Forex Trading: Identifying and Avoiding False Breakouts

LonghornFX

Bull traps, a deceptive phenomenon in the world of forex trading, continue to ensnare unwary traders, causing unexpected losses. A bull trap occurs when a seemingly upward-trending market lures traders into buying based on a false buy signal, only to witness the rally fizzle out and the market take a downturn. These traps are often crafted by market manipulators, who exploit the bullish sentiment to "trap" traders with long positions, ultimately leading them to suffer losses. Bulll traps manifest in the forex market when traders receive false signals indicating an upward trend in a currency pair. Market manipulation plays a significant role, as traders are induced to buy during a manufactured breakout, only to witness a reversal and subsequent drop in the exchange rate. Triggers for bull traps range from economic and geopolitical events to deliberate manipulation by market participants. Identifying and Avoiding Bull Traps To shield yourself from falling into bull traps, forex traders are advised to employ a comprehensive approach that combines technical, fundamental, and sentiment analysis. By utilizing technical analysis tools such as trend lines, support and resistance levels, and oscillators, traders can identify potential bull traps. Fundamental analysis aids in understanding the underlying factors influencing market sentiment, while sentiment analysis and volume analysis offer additional perspectives to confirm or refute a potential trap. Traders are urged to remain vigilant, stay informed about market-moving events, and implement appropriate risk and money management techniques. Avoiding the chase of unconfirmed trends, practicing sound position-sizing techniques, and analyzing candlestick charts for bearish patterns can also enhance traders' ability to detect bull traps and take appropriate actions. Avoid False Breakouts with the Right Forex Broker When trading forex it is crucial to choose a reliable and reputable forex broker to support your trading activities. LonghornFX is a leading forex broker that offers a secure and transparent trading environment, with competitive spreads, low fees, and advanced trading tools. By partnering with LonghornFX, traders can access a wide range of currency pairs and enjoy top-notch customer support. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

July 27, 2023 06:30 AM Eastern Daylight Time

Exploring the Most Traded Currency Pairs in the Forex Market

CedarFX

The vast forex market sees trillions of dollars change hands each business day. Trading forex successfully means understanding the dynamics of the major currency pairs that form the cornerstone of global financial markets and the backbone of international trade and investment. Whether you are an aspiring currency trader or an experienced investor in foreign markets, grasping the intricacies of these major currency pairs is essential for navigating the ever-shifting tides of the forex market. By gaining a deeper understanding of these major pairs, forex traders can develop a solid foundation for analyzing currency market trends, making more informed trading decisions and capitalizing on potential opportunities in the dynamic world of forex trading. In this article, Benzinga delves into the fundamentals of the most actively traded currency pairs with the goal of shedding light on their composition, significance and the factors that influence their movements. Characteristics of Major Currency Pairs Major currency pairs exhibit several distinct characteristics that distinguish them in the forex market and make them easier to trade. Some key characteristics of the major currency pairs include: High liquidity: Major currency pairs are known for their high liquidity. This means that a large volume of buyers and sellers are actively trading these pairs, typically resulting in tighter bid-ask spreads that scalpers thrive on. High liquidity also ensures that traders can enter and exit positions quickly without significant order slippage, which is particularly important for short-term forex traders and scalpers. Tight dealing spreads: Major pairs generally have tighter bid-ask spreads compared to other types of currency pairs. Spreads represent the difference between the exchange rate you can sell a currency pair at and the rate you can buy a currency pair at. Because oftheir popularity and high trading volume, major currency pairs tend to have competitive dealing spreads, making them cost-effective for traders. Widely covered and analyzed: Major currency pairs receive significant attention from analysts, financial institutions and news outlets worldwide. As a result, there is an abundance of information, analysis and research available for traders to base their decisions on. This extensive coverage enhances transparency and allows traders to access a wealth of fundamental and technical analysis on these pairs. Influenced by global economic events: Major currency pairs are highly sensitive to global economic events, political developments and central bank decisions. Economic indicators, such as GDP figures, employment reports and interest rate decisions, can have a significant impact on the valuation of major currencies. Traders closely monitor these events and use them as cues to anticipate potential price movements in major currency pairs. Lower volatility: Major pairs typically exhibit lower volatility compared to crosses or exotic pairs. While they still experience fluctuations in prices, the relatively stable economic conditions and extensive trading activity associated with major currencies contribute to lower volatility levels. This characteristic can be attractive for traders who prefer a more stable and predictable trading environment. Better for technical analysis: Major currency pairs are widely traded, and their price movements often adhere well to technical analysis principles. Technical indicators and chart patterns can be effectively applied to identify trends, support and resistance levels and potential entry and exit points in major pairs. This quality makes technical analysis a valuable tool for traders focusing on major currency pairs. The unique characteristics of major currency pairs allow forex traders to tailor their strategies, manage risk better and make more informed trading decisions. The combination of high liquidity, tight dealing spreads, extensive media and analyst coverage and their sensitivity to global economic events makes trading one or more major pairs essential for most active forex traders. Top Major Currency Pairs in the Forex Market Forex traders actively operate in the major currency pairs because of their market importance, volatility and potential for capturing profitable trading opportunities. The bar chart below shows the leading forex currency pairs as of April 2022 listed by share of daily average turnover seen in the forex market. The top major currency pairs actively traded in the forex market include EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD and USD/CAD. They generally represent significant economies, exhibit high liquidity and trading volume and are influenced by a range of economic, monetary and geopolitical factors. More details on each of these majors and why they are so actively traded appear below. 1. EUR/USD EUR/USD is widely considered the top major currency pair for several reasons. First of all, it consists of the currencies issued by two of the largest economies in the world, the Eurozone and the United States. The Eurozone is made up of multiple countries, including Germany, France, Italy and Spain, making it a significant economic force globally. Also, the U.S. dollar (USD) is the world's primary reserve currency, so the state of the U.S. economy can have a substantial impact on the world’s financial markets. The EUR/USD pair exhibits high liquidity and very tight dealing spreads. The pair is also heavily influenced by U.S. and EU economic indicators, monetary policy decisions from the European Central Bank (ECB) and the Federal Reserve (Fed) and relevant geopolitical events. 2. USD/JPY USD/JPY is considered a top major currency pair because of its connection between the major economies of the United States and Japan. The United States is a global economic powerhouse, while Japan has a significant global presence in various industries, including automotive, technology and manufacturing. The USD/JPY pair is influenced by U.S. and Japanese economic data, the interest rate differential between the two countries and monetary policy decisions from the Bank of Japan (BoJ) and the Federal Reserve (Fed). Traders tend to be attracted to the USD/JPY pair because of its high liquidity, moderate volatility and the potential for capturing exchange rate movements in response to changes in market sentiment and risk appetite. 3. GBP/USD GBP/USD, also known as Cable, is a top major currency pair that represents the exchange rate between the British pound (GBP) and the U.S. dollar (USD). The pair is highly influential and widely traded because of the economic and historical significance of both countries. The United Kingdom is a major financial hub with global influence, while the United States is a world economic leader. GBP/USD is influenced by U.S. and U.K. economic indicators, monetary policy decisions from the Bank of England (BoE) and the Federal Reserve Bank and political developments, particularly those related to Brexit. The pair exhibits significant liquidity and decent volatility, and it attracts traders seeking opportunities that arise from market fluctuations. 4. USD/CHF USD/CHF is the exchange rate between the U.S. dollar (USD) and the Swiss franc (CHF). This pair is considered a major currency pair because of Switzerland's strong financial industry and its traditional reputation as a safe-haven currency since the Swiss franc is often sought out by investors during times of uncertainty or market turbulence. USD/CHF is influenced by economic indicators in the U.S. and Switzerland, monetary policy decisions from the Swiss National Bank (SNB) and the Federal Reserve, as well as global economic and geopolitical events. The pair exhibits significant liquidity and volatility that traders may appreciate, and it is also attractive to investors looking for stability and diversification. 5. AUD/USD AUD/USD is one of the major currency pair that represents the Australian dollar (AUD) quoted in terms of the U.S. dollar (USD). Australia is a resource-rich country with significant ties to Asia-Pacific economies, while the United States is a major trading partner. The pair is influenced by commodity prices (especially gold, oil and agricultural products), economic indicators in both countries, interest rate differentials that can make carry trading attractive and monetary policy decisions from the Reserve Bank of Australia (RBA) and the Federal Reserve. AUD/USD offers substantial liquidity, volatility and opportunities for traders looking to profit from trends in commodities and economic developments in the two countries. 6. USD/CAD USD/CAD represents the U.S. dollar (USD) quoted in terms of the Canadian dollar (CAD). It is considered a major currency pair because of the economic ties between the United States and Canada, as well as those countries' status as major trading partners. Canada is rich in natural resources, particularly gold and oil, so fluctuations in commodity prices can influence the pair’s exchange rate. USD/CAD is also affected by economic indicators in each country, interest rate differentials, monetary policy decisions from the Bank of Canada (BoC) and the Federal Reserve and the state of economic ties between the two countries. The pair offers traders liquidity, volatility and the opportunity to operate in a commodity-related currency pair. Note that the USD/CNY exchange rate is not actively traded by forex traders, even though it made up 6.6% of daily forex market turnover in April 2022. The Chinese renminbi is tightly managed by the Chinese government and has only been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies since 2006. Should You Trade the Major Currency Pairs? Trading the major currency pairs can make great sense for many forex traders because of their numerous advantages. Major pairs offer high liquidity, which means that you can easily enter and exit positions at desired prices without experiencing significant order slippage. This liquidity also ensures that your trades can be executed efficiently and without major obstacles. Another plus of the major pair’s high liquidity levels is that they usually display tight dealing spreads, making them more cost-effective to trade. This aspect allows you to minimize your transaction costs and potentially increase your overall profitability. Major pairs tend to receive extensive coverage and analysis from financial institutions and news outlets, which can provide valuable insights and help you make more informed trading decisions. Major currency pairs also tend to be more stable and less volatile compared to some minor, cross or exotic pairs, which can be attractive if you are seeking a more predictable trading environment. Trading the major pairs will thus make sense for most forex traders. Still, since each trader's preferences and trading strategy may vary, you will want to carefully assess your own risk tolerance and trading goals so that you can adapt your approach to trading the major currency pairs accordingly. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details CedarFX +1 877-440-9464 info@cedarfx.com Company Website https://www.cedarfx.com/

July 27, 2023 06:00 AM Eastern Daylight Time