What Are the Advantages of Currency Trading?

Forex trading is having many career opportunities as it is easily accessible by traders from all around the world. Currency trading is also used to denote forex trading. It is about being your own boss and making money with proper knowledge about worldwide currencies.

What Is the Forex Market?
Trading in currency pairs using the rates determined by the foreign exchange market is known as currency trading or forex trading. Traders buy and sell currencies at the determined currency exchange rate. When a trader sees any profitable opportunities, forex transactions are executed. Sometimes currency exchange is also mandatory.

What Is a Pair in Forex?
Forex trading requires currency pairs for trading. A pair indicates how many units of quote currency can be bought and sold against one unit of the base currency. A base currency is a currency that is listed first in a pair and a quote currency is listed second in a pair.

Traders cannot trade using only one currency, two currencies are important for trading in the foreign exchange market. The currency pairs are also classified into three different categories that are:

Minor Pairs
Minor pairs are also known as cross currency pairs and these pairs involve currencies of strong economies. They are less liquid pairs of the foreign exchange market.

Major Pairs
The currency pairs in this category include the US dollar against other currencies of strong economies across the world. These are highly liquid pairs of the foreign exchange market.

Exotic Pairs
These currency pairs are made of currencies of emerging economies. Their liquidity is very low in the foreign exchange market.

What Are the Advantages of Currency Trading?
The foreign exchange market is the largest financial market in the world. Many opportunities are available for forex trades from which they can earn potential profits. Forex traders are having multiple advantages of currency trading that are as follows:

24 Hours Availability
The forex market means the involvement of currencies from all over the world. It also means that the reach of the foreign exchange market is worldwide. The foreign exchange market is available 24 hours a day and 5 days a week. It is the only market that can be traded 24 hours a day.

Higher Liquidity
When we talk about the comparison of the forex market with other financial markets. The number of participants is highest in the foreign exchange market. This ensures that the currency trading is highly liquid in nature. Large orders of buying and selling can be executed in the foreign exchange market easily.

The best part of the market is that the prices or exchange rates do not deviate due to large orders. It ensures that the market cannot be manipulated. The exchange rates change due to other factors of the market.

Low-Cost Trading
Currency trading has a low commission or brokerage charges on orders of the foreign exchange market. Most of the forex brokers do not charge commission they only charge spreads between two currencies.

It is very low as compared to trading in shares which involves high commission or brokerage charges. Traders should take advantage of this and should make potential profits with forex trading.

Volatile in Nature
The foreign exchange market is highly volatile in nature, which means traders are having enormous opportunities for earning potential profits with their trading strategies. Analyse the market and predict when a price swing may occur. If you can do so you can make good profits with currency trading.

Less Capital Requirement
The forex market does not require huge amounts of capital for investment or trading. You can initially start with low capital also. Traders cannot take this advantage with trading in other financial markets. It is easy to make profits with a limited amount of capital in the foreign exchange market.

Trading Leverage
Leverage means you can use a higher amount of capital for trading as compared to what you have. It is given on a proportionate basis by many brokers across the world. It is also a good advantage of forex trading in which you can earn profits from the leveraged money of the broker.

Easy to Enter
Traders can easily enter the foreign exchange market. If you are looking for short-term profit-making opportunities then also it is a good option for you. There are plenty of trading choices available for a forex trader. They can make short or long term profits according to their requirements.

Is Forex Trading Easier than Stock Trading?
If we make a comparison between forex trading and stock trading, forex trading is a little bit easier than stock trading. As nowadays both of them can be easily traded with a reliable broker and understanding of the markets. Some of the elements of comparison are:

Currency trading can be commenced from a low investment but you have to pay the listed price of a share if you are opting for stock trading.
The liquidity of the forex market is higher as compared to the stock market that is having low liquidity because of a low number of traders.
Market hours of the foreign exchange market are more than the market hours of the stock market.
The factors of fundamental analysis are more with the stock market trading as compared to the factors of the forex market.
Leverage is available with forex trading, which is not available while you are trading in the stock market.
Stock trading requires an understanding of the balance sheet and profit statements of a company, which is not required in forex trading.
Investment instruments are higher in stock trading than instruments available in the foreign exchange market. It makes trades easy to select between them.
These are the factors that make forex trading easier than stock trading. Even though, there are traders who are making profits from both stock and forex trading. But if you are about to begin your trading career then you can start with forex trading which is comparatively less hard than stock trading.

How to Choose the Right Broker?
While choosing a broker for yourself you have to compare a wide range of features. There are many brokers to choose from but make sure you compare these points:

Commission charges by the broker
Amount of leverage offered
Number of trading assets available
Trading platform accessible
The requirement of minimum deposit
The broker is providing customer services or not
The availability of a demo account
Capixal
Capixal is one of the leading brokers operating globally. It is offering a single-click trading feature to traders with a minimum deposit of $20 only. Traders can also opt for a demo account of trading. The best feature of this broker is that 24/7 dedicated customer support is available.

It also has a wide range of investors’ education material that can be easily accessed by investors. The trading platform is MetaTrader4, WebTrader, and mobile app that makes trading convenient for traders.

Brokereo
Brokereo does not charge any commission on trading and you can open a trading account with a minimum of $250. A demo account is also available for all traders. They are offering customer support 24/5 via email, live chat, and telephonic conversation.

It is offering trading on MetaTrader 4, mobile app, and WebTrader as per your convenience. Traders can also access the educational material offered by the broker.

The Bottom Line
Currency trading is the largest financial market that is having many opportunities from which you can earn potential profits. There are many advantages of forex trading, all you have to do is that analyse the emerging opportunities of the foreign exchange market.

Conduct some research at the time of selecting a broker for trading. Traders can make endless profits trading in foreign currencies as it does not require a high capital investment. Study the market thoroughly and make smart decisions.

Foot Anatomy – Bones, Tendons And Other Parts Of The Foot

Anatomy Of The Foot The foot has 26 bones, 33 joints, and more than 100 muscles, ligaments, and tendons. These important structures strengthen the foot and help to maintain its posture. Some of the important structures of the foot are discussed below Bones In the foot, we have three groups of bones 1. Tarsals 2. Metatarsals 3. Phalanges Tarsal bones These are divided into three groups
Proximal group

The proximal group has two bones namely the talus (ankle bone) and calcaneus (heel bone). The talus articulates superiorly with tibia and fibula making the back of the foot known as hindfoot
Intermediate group

Navicular bone- It lies between the proximal and distal group of tarsal bones
Distal group

In the distal group from lateral to medial, we have one cuboid bone and three cuneiforms (lateral, intermediate, and medial) Metatarsal bones We have five metatarsal bones, they are numbered from one through five from medial to lateral. The head of the first metatarsal bone articulates with two sesamoid bones The sides of the bases of metatarsal bones (from two to five) articulate with each other The fifth metatarsal bone has a prominent tuberosity on its lateral side Phalanges These are the bones of toes. We have 14 phalanges in total, two in the great toe and 3 in each other toe Joints There are 33 joints in the foot Ankle joint It is a synovial hinge joint. It involves talus of tarsal bones and tibia fibula (bones of the leg region) Articular surfaces are covered with hyaline cartilage Plantarflexion and dorsiflexion are possible at this joint Intertarsal joint There are several intertarsal joints. These joints are synovial in nature The following movements are possible here • Inversion • Eversion • Supination • Pronation Transverse tarsal joint This joint is formed between talocalcaneonavicular and calcaneocuboid joint Muscles The muscles of the foot are arranged in two groups 1. Muscles of sole of the foot 2. Muscles of the dorsum of the foot There are four layers of the muscles of the sole of the foot First layer- Abductor hallucis, Flexor digitorium brevis, Abductor digiti minimi Second layer- Quadratus plantae, Lumbricals (4), Flexor digitorium longus tendon, Flexor hallucis longus tendon Third layer- Flexor digiti minimi brevis, Flexor hallucis brevis, Adductor hallucis Fourth layer- Interossei, Dorsal (4), Planter (3), Paroneus longus tendon, Tibialis posterior tendon Muscles of the dorsum of the foot This group has two muscles 1. Extensor hallucis brevis 2. Extensor digitorium brevis Tendons and ligaments Tendons and ligaments are very much similar to each other These are soft tissues made up of collagen fibers Ligaments attach muscles to muscles while tendons attach muscles to bones Tendons Achilles tendon or Calcaneal tendon It is an important tendon of the foot It is the tough band of fibrous tissue, it connects the calf muscles to the calcaneus (heel) bone The other tendons of the foot are listed below • The tendon of fibularis longus muscle • The tendon of fibularis brevis muscle • The tendon of tibialis posterior muscle Ligaments Some ligaments of the foot are listed below • Long plantar ligament • Lateral ligament • Anterior talofibular ligament • Medial deltoid ligament Blood supply Arteries The blood is supplied to the foot by the branches of two main arteries namely posterior tibial artery and dorsalis pedis Posterior Tibial Artery The posterior tibial artery bifurcates into lateral and medial plantar arteries by entering into the sole. Then the lateral plantar artery joins with the deep plantar artery (the terminal end of dorsalis pedis) and forms deep plantar arch whose branches supply the toes of the foot Dorsalis pedis artery The anterior tibial artery continues to form the dorsalis pedis artery. It enters into the dorsum of the foot and continues as the deep plantar artery and then enters in the sole of the foot by passing between the metatarsal one and two Veins There is an interconnected network of deep and superficial veins in the foot. Deep veins follow the course of arteries and superficial veins drain into the dorsal venous arch. The great saphenous vein and the small saphenous vein arise from the two sides of the dorsal venous arch. These two veins drain a large amount of blood of the foot Nerve supply There are five main nerves that innervate the foot namely 1. Tibial nerve 2. Deep fibular nerve 3. Superficial fibular nerve 4. Sural nerve 5. Saphenous nerve These five nerves are responsible for the cutaneous or general sensory innervation of the foot Read more about Foot Anatomy

Stop Late Comings – Motivate Employees

Here are some points to stop late comings forever, with guaranteed results.

Track your employees with an accuracy of minutes
The first and foremost thing to do is to record employee in/out times accurately. As a human, it’s impossible for you to track an employee every time he comes in or goes out. You can automate this by using a time attendance device. If you don’t have one, buy a new one; it doesn’t cost much.

Attendance tracking, with an option for manual editing
Time Attendance devices are very accurate in tracking your employees. But as a manager it should be possible for you to add, delete or edit data coming in from time attendance devices. Sometimes, one of your employees is late because he was on a client visit. Your time attendance device will indicate it as a late coming, but as a manager you want to change the data to include the fact.

Consolidate and analyze your findings
So you had been tracking employees for some time; now, consolidate your findings. Create employee wise monthly or weekly reports on latecomers. Also create department wise reports on latecomers. Analyze how many hours were lost because of latecomers.

Present your findings to your employees and management
Send monthly attendance summary reports to each employee, at the end of every month. Let the employees know that they are being traced. Send department wise attendance reports to department managers.

Implement new company policies
If your company doesn’t have good policies on late comings, create new policies. For eg. If an employee is late for more than three times a month, he loses salary for a day.

Motivate your employees. Find employee of the month.
As you have accurate attendance data, find the employee with the best attendance record for the month. Display the information in your notice board, publish it in your internal website, and motivate other employees.

Just imagine doing all these manually; it’s nearly impossible. You really need a software that can automate all these. A good HR software can do the following for you:

Interprets data coming in from a time attendance devices
2. Allows manual editing of interpreted time attendance data
3. Generates consolidated employee, department wise reports
4. Sends consolidated reports to employees and management each month end.
5. Processes salary considering your attendance rules and company policies.
6. Generates attendance summary to find the employee of the month.