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LIFESTYLE & CULTURE

4 Tech realities pop culture needs to catch up on

When portrayed by pop culture, adaption of tech by various generations tend to be unrealistic. Here are six more examples that all writers for TV shows, movies, and particularly advertising need to catch up on…

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For anyone reading this, it is safe to assume you are – at least – a digital immigrant. Our generation is the first to truly grow up around technology; the first children of the digital age, and all the advancements it has been able to offer to society.

However, society can sometimes be a little slow to catch up, at least on a pop culture level. For example, older people – those over the age of 55 – are over characterized as being clueless around technology, relying on their children to help them navigate the new digital world.

In reality, those over the age of 55 are also digital immigrants. They were in their early 40s when the internet moved from a niche academic project to a way of changing how we interact with the world forever. Older people aren’t technologically illiterate; just look at the age demographics for Facebook on www.statista.com if you want that confirmed.

The above example is far from the only way that pop culture has misjudged the tech revolution and how it has changed the way we see and interact with the world. Below are six more examples that all writers for TV shows, movies, and particularly advertising need to catch up on…

‘ONLINE DATING IS CREEPY!’

TV shows have been spinning stories about how creepy online dating is for over a decade now. The premise is always the same: a character we care about goes on an online date. The date is either incredibly creepy, or somehow unhinged. The idea that is pushed as a result is almost offensive: online dating is weird. Proper people meet their mate in the real world. Get offline and start socializing.

The idea of socializing to meet a potential romantic partner is fine, but here’s the thing pop culture writers seem to have ignored: online dating is becoming the norm. 15 years ago, sure, most of society was extremely sceptical about online dating, furthered by the perception that anyone who is keen on the internet is likely to be an overweight manchild who lives in their parents’ basement.

Now, times have changed. Online dating has become a standard facet of life and it can be incredibly successful. Most of us know at least one couple who met online or via a dating app– it’s not remotely weird anymore. Yet for some reason, pop culture has yet to update to this reality, and online dating is still seen as outright bizarre in a plethora of TV shows and movies– which is all the more odd when you consider some of the writers of these TV shows and movies will have used online dating. It’s a trope that really, really needs to go.

‘TECHNOLOGY IS TO BE FEARED!’

There have been countless TV shows, movies, and video games that have sought to teach a lesson: technology is a bad thing. Technology is forcing humans to lose touch with their humanity. Technology will, ultimately, be the doom of the human race.

This is such a bizarre story to tell, yet for some reason, it keeps being told. Are there risks to technology? Of course– there are numerous tech developments that may prove problematic in years to come, and even the most devout tech fan needs to accept that.

However, technology is not inherently dangerous, troubling, or a cause for huge concern. The next time a TV show or movie tries to teach this lesson, then it’s worth remembering some of the things that technology has allowed us to achieve:

  • Medicine has never been safer due to technology. From robot surgeons that never tire to diagnostic exams that the doctors of 50 years ago could only have dreamed of, technology has changed human health for the better.
  • Technology has allowed processes and construction to be more refined than ever before. From companies like www.LaserLight.com making advances in micro-machining through to the incredible increase in data storage capabilities, technological advances have allowed us to make everything smaller, more compact, more easily managed.
  • Technology has changed the way that we interact with people for the better. 20 years ago, if your dearest relatives moved to Canada, then you’d probably lose touch with them almost entirely. Save for a Christmas card and a couple of extortionately-expensive phone calls, they would largely disappear from your frame of reference. Nowadays, if your family moves to Canada, that’s not really a problem – you’ll still be able to follow their everyday lives on social media, talk to them on Skype, and swap pictures and stories within 10 minutes of an important event occurring. The connectivity that we are able to enjoy as a result cannot be underestimated.

So while there are potential threats to heed warnings of when it comes to tech, there’s no need for such a heavy-handed approach to dealing with technology. A little more insight into how tech has improved lives would be nice.

#3 – ONLY ‘WEIRD’ PEOPLE ARE INTERESTED IN THE INTERNET

We’re all interested in the internet these days– it’s impossible not to be. The internet is the source of so much of our lives. It’s how we connect with friends and family; it’s how we find jobs; how we undertake education; it’s even how we can engage in activism by writing blogs and publishing opinion pieces. The internet has allowed voices to be heard that would have otherwise remained silent…

… which is why it’s so mystifying that being interested in, and vociferously using, the internet is still seen as something only “weird” people engage in.

Not sure you’re convinced that such a reductive, obviously-incorrect portrait of internet users is still in existence? Enter Exhibit A, a music video:

This is Lily Allen’s “URL Bad Man”, which depicts a respected music journalist as… a loser who sits in his mum’s house ranting on the internet (you can hear the journalist’s side of the story here, if you’re interested). This video is three years old now, but it was still ridiculous three years ago; nothing has changed about internet habits and user interactions in the past three years. It’s all the more bizarre, given Allen’s age, that she would dismiss internet users, writers, and content producers as bitter, lonely, and miserable.

It’s an attitude that persists. People who like using the internet, engaging on message boards, playing games online– they’re losers. TV shows and movies even take this trope further by insisting that these people need to “learn to live” and “stop being obsessed with their screens”– forgetting that we’re all only obsessed by our screens because our screens hold our lives now. It’s akin to mocking someone for using a paper diary 20 years ago.

#4 – HACKING. PERIOD.

Hacking, as depicted in TV shows and movies, is almost entirely nonsense. The visual shown is usually something along the lines of:

  • The “hacker” pulls up a screen on a computer
  • The screen is usually black, with green text (for some reason)
  • They begin typing something at a ridiculously fast pace
  • They then gain access to anything and everything they may want to see on another person’s computer.

Hacking… doesn’t work like that. It’s time-consuming, error-prone, and often doesn’t elicit anything in the way of material at all. Hacking definitely doesn’t involve speed-typing a string of code into a mysterious screen; nor does it only take a few seconds to gain absolute access to sensitive files.

In some ways, it’s easy to see why TV shows and movies depict hacking in this way. Firstly, it’s mystifying; as the “hacking” isn’t actually remotely close to what hacking constitutes, the TV show/movie cannot be blamed if someone tries to copy it. Secondly, most writers don’t truly understand what goes into hacking anyway, and as hacking is primarily used as a plot device, it’s not worth their time and effort to find out more.

While it’s easy to understand why hacking looks so terrible on TV shows and movies, it is nevertheless somewhat disconcerting that hacking is always portrayed as a sure thing. The character wants information and is then able to hack their way to this information. This kind of scenario doesn’t help with the paranoia many people fear about technology in general, so the occasional depiction of a failed hacking attempt wouldn’t go amiss.

IN CONCLUSION

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The reason many of these tropes exist in pop culture is, frankly, because they are an accepted part of pop culture. While we may now be well ensconced in the digital age, many of us carry over the beliefs and ideas that formed our childhood; TV show writers, advertising executives, and movie producers are much the same. We might know that these portrayals are misleading or false, but we’re used to them, so they become a staple.

In the future, and particularly as Generation Z become content creators, we may see these tropes finally begin to die out– but for now, it looks like we’re stuck tutting every time we see them.

Travel

Why a used car could be perfect for a backpacker in Australia

If you are giving the matter some serious thought, let’s look at why a used car makes for an ideal solution for a backpacker in Australia.

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While backpacking around Australia is one of the best ways to see the country, sometimes it can be a bit difficult to sort out transportation. Ridesharing is an option, but it is not always feasible. When you are roughing it and living out of your backpack, you may also not always have the budget for plane flights and more luxurious travel options. 

For these reasons, investing in a used car can make a lot of sense for a backpacker in Australia. If you are a little light on funds, or if you want to use your savings for other purposes during your travels, you can easily find low rates when it comes to financing a used car loan

If you are giving the matter some serious thought, let’s look at why a used car makes for an ideal solution for a backpacker in Australia.

Freedom Of Movement

One of the biggest advantages of having access to a used car as a backpacker in search of adventure is the ability to move freely at your own pace. Used cars will allow you to move around the country where you want and when you want. This makes it ideal for spending more time seeing the things that intrigue you the most and to bypass the areas that are less interesting to you.

Conversely, relying on public transportation or even plane flights places you at the mercy of the schedules set by the companies involved. You are also likely to be more confined to larger urban centres where this type of infrastructure exists. Used cars, on the other hand, will provide you with the ability to venture into areas that are less commonly explored in the country.

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Fits With A Backpacking Budget

The great reason why buying a used car is good for a backpacker is that the price is usually just right for such a travel budget. While a new model may be out of reach for a traveller with a shoestring budget, a used car can be a prudent investment. After ensuring that the used car you are thinking of buying is in good working order and not in need of major repairs, you can be confident that the investment will provide you with affordable transportation for at least the duration of your trip.

Store Your Belongings

While a car is not always the safest place to store valuable possessions, it does represent a reasonable option for keeping your things secure. It can get tiring to constantly have to watch your backpack. Lockers are usually available at hostels and major transportation hubs, but these places are a hassle to travel back and forth to constantly.

When you have a used car at your disposal, you will be able to keep your belongings locked in the vehicle or even hidden from view in the trunk. This provides you with a more flexible means of keeping your possessions close by but does not require you to continually check in on them.

Split The Cost

Travelling with a used car also allows you to fill up the remaining spaces with fellow travellers. Beyond the benefits of meeting new people and making friends along the way, this will also allow you to cut down on the cost of fuel for your trip. By ridesharing with friends or even with trustworthy strangers, your travel budget will be able to take you further down the road.

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Used Car, New Adventures

For the reasons outlined here, consider making the investment in a used car as a backpacker. While it might seem like a bit of an investment, you will be pleasantly surprised at the many benefits that it can bring to your travel experience.

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LIFESTYLE & CULTURE

The fears we can all face and how to overcome them

Figuring out what is causing you to feel fearful and then facing your fears is an excellent way to overcome them.

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Dealing with fear is something many people have to handle on a daily basis. Some people have such high intensity towards something they dear that it stops them doing it or causes them to feel anxious and stressed when faced with the situation. However, while it may not be something you completely get over, you can learn to deal with the fear itself. Or certainly get to a point where you are prepared to handle the situation.With that in mind, here are some of the common ways people can face their fears.

IMAGE SOURCE: PIXABAY.COM

Finding alternative ways to face the fear

Fear can manifest in many different ways, it may be that you develop anxiety because you have to go to the dentist. It could be that you that you fear career progression or you get anxious about anything to do with your finances. Figuring out what is causing you to feel fearful and then facing your fears is an excellent way to overcome them. You could also try alternative things to calm your nerves, such as twisted extracts, herbal remedies designed to calm you down or even therapy that can help you talk through the fears that you have and how best to combat them. 

Try and focus on other things instead of what you are afraid of

Let’s be honest, a real common fear for some people are bugs, insects, spiders and creepy crawlies. They aren’t exactly the most pleasant thing to be in the company of, and they can make your stress levels rise the moment you set eyes on them. Of course, you can try and rid your home of such things by using powerful bug sprays, repellents or gas bombs, there will always come a time where you will face it head on. Sometimes in situations like this, the best remedy is to focus on other things. Perhaps what you are doing at that moment, maybe focusing on how small they are, or just concentrating on your anxiety levels. Doing this can take the focus away from the fear and keep your mind occupied on something else. Focusing on other things can help in other scenarios such as your career, your home life and other factors that are causing you to feel fearful. 

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Be positive about the situation

I understand that it is easier said than done to be positive about things, but often this form of mindset can help you in all sorts of circumstances and dealing with something you are fearful of is one of them. A common fear might be the fear of heights, so going up tall buildings or getting on a plane may feel like the biggest challenge in the world. Positive thinking, such as remembering the feeling of liberation and exhilaration when you have faced a fear, can be a good way to feel you up with the right sort of emotion to face the fear. 

Let’s hope some of these tips help you to face your fears in the future. 

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LIFESTYLE & CULTURE

It’s 2020, time to teach teens ‘safe’ sexting

This is not about encouraging sexting behaviors, any more than sex education is about encouraging teens to have sex. It simply recognizes the reality that young people are sexually curious, and some will experiment with various behaviors with or without informed guidance, and sexting is no exception.

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Photo by Cristofer Jeschke from Unsplash.com

Preaching sexual abstinence to youth was popular for a number of decades, but research repeatedly found that such educational messages fell short in their intended goals. Simply telling youth not to have sex failed to delay the initiation of sex, prevent pregnancies, or stop the spread of sexually-transmitted diseases. Since the advent of photo- and video-sharing via phones, children have received similar fear-based messages to discourage sexting – the sending or receiving of sexually explicit or sexually suggestive images (photos or video) usually via mobile devices. Unfortunately, messages of sexting abstinence don’t seem to be reducing the prevalence of adolescents sharing nudes.

Consequently, in a new paper published in the Journal of Adolescent Health, researchers from Florida Atlantic University and the University of Wisconsin-Eau Claire, say that it is time to teach youth “safe” sexting.

“The truth is that adolescents have always experimented with their sexuality, and some are now doing so via sexting,” said Sameer Hinduja, Ph.D., co-author and a professor in the School of Criminology and Criminal Justice within FAU’s College for Design and Social Inquiry, and co-director of the Cyberbullying Research Center. “We need to move beyond abstinence-only, fear-based sexting education or, worse yet, no education at all. Instead, we should give students the knowledge they need to make informed decisions when being intimate with others, something even they acknowledge is needed.”

Hinduja and co-author Justin Patchin, Ph.D., a professor of criminal justice at the University of Wisconsin-Eau Claire and co-director of the Cyberbullying Research Center, acknowledge that although participating in sexting is never 100 percent “safe” (just like engaging in sex), empowering youth with strategies to reduce possible resultant harm seems prudent.

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Hinduja and Patchin collected (unpublished) data in April 2019 from a national sample of nearly 5,000 youth between the ages of 12 and 17, and found that 14 percent had sent and 23 percent had received sexually explicit images. These figures represent an increase of 13 percent for sending and 22 percent for receiving from what they previously found in 2016.

The authors do want youth to understand that those who sext open themselves up to possible significant and long-term consequences, such as humiliation, extortion, victimization, school sanction, reputational damage, and even criminal charges. But they also want youth who are going to do it anyway to exercise wisdom and discretion to prevent avoidable fallout.

“This is not about encouraging sexting behaviors, any more than sex education is about encouraging teens to have sex,” said Hinduja. “It simply recognizes the reality that young people are sexually curious, and some will experiment with various behaviors with or without informed guidance, and sexting is no exception.”

Simply telling youth not to have sex failed to delay the initiation of sex, prevent pregnancies, or stop the spread of sexually-transmitted diseases.
Photo by Jack Sharp from Unsplash.com

Hinduja and Patchin provide suggested themes encapsulated in 10 specific, actionable messages that adults can share with adolescents in certain formal or informal contexts after weighing their developmental and sexual maturity.

  1. If someone sends you a sext, do not send it to — or show — anyone else. This could be considered nonconsensual sharing of pornography, and there are laws prohibiting it and which outline serious penalties (especially if the image portrays a minor).
  2. If you send someone a sext, make sure you know and fully trust them. “Catfishing”– where someone sets up a fictitious profile or pretends to be someone else to lure you into a fraudulent romantic relationship (and, often, to send sexts) — happens more often than you think. You can, of course, never really know if they will share it with others or post it online, but do not send photos or video to people you do not know well.
  3. Do not send images to someone who you are not certain would like to see it (make sure you receive textual consent that they are interested). Sending unsolicited explicit images to others could also lead to criminal charges.
  4. Consider boudoir pictures. Boudoir is a genre of photography that involves suggestion rather than explicitness. Instead of nudes, send photos that strategically cover the most private of private parts. They can still be intimate and flirty but lack the obvious nudity that could get you in trouble.
  5. Never include your face. Of course, this is so that images are not immediately identifiable as yours but also because certain social media sites have sophisticated facial recognition algorithms that automatically tag you in any pictures you would want to stay private.
  6. Make sure the images do not include tattoos, birthmarks, scars, or other features that could connect them to you. In addition, remove all jewelry before sharing. Also, consider your surroundings. Bedroom pictures could, for example, include wall art or furniture that others recognize.
  7. Turn your device’s location services off for all of your social media apps, make sure your photos are not automatically tagged with your location or username, and delete any meta-data digitally attached to the image.
  8. If you are being pressured or threatened to send nude photos, collect evidence when possible. Having digital evidence (such as screenshots of text messages) of any maliciousness or threats of sextortion will help law enforcement in their investigation and prosecution (if necessary) and social media sites in their flagging and deletion of accounts.
  9. Use apps that provide the capability for sent images to be automatically and securely deleted after a certain amount of time. You can never guarantee that a screenshot was not taken, nor that another device was not used to capture the image without you being notified, but using specialized apps can decrease the chance of distribution.
  10. Be sure to promptly delete any explicit photos or videos from your device. This applies to images you take of yourself and images received from someone else. Having images stored on your device increases the likelihood that someone — a parent, the police, a hacker — will find them. Possessing nude images of minors may have criminal implications. In 2015, for example, a North Carolina teen was charged with possessing child pornography, although the image on his phone was of himself.
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Health & Wellness

Having less sex linked to earlier menopause

Women who reported engaging in sexual activity weekly were 28% less likely to have experienced menopause at any given age than women who engaged in sexual activity less than monthly.

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Photo by Joe deSousa from Unsplash.com

Women who engage in sexual activity weekly or monthly have a lower risk of entering menopause early relative to those who report having some form of sex less than monthly, according to a new UCL study.

The researchers observed that women, who reported engaging in sexual activity weekly, were 28% less likely to have experienced menopause at any given age than women who engaged in sexual activity less than monthly. Sexual activity includes sexual intercourse, oral sex, sexual touching and caressing or self-stimulation.

The research, published in Royal Society Open Science, is based on data from the USA’s Study of Women’s Health Across the Nation (SWAN). It’s the largest, most diverse and most representative longitudinal cohort study available to research aspects of the menopause transition.

First author on the study, PhD candidate Megan Arnot (UCL Anthropology), said: “The findings of our study suggest that if a woman is not having sex, and there is no chance of pregnancy, then the body ‘chooses’ not to invest in ovulation, as it would be pointless. There may be a biological energetic trade-off between investing energy into ovulation and investing elsewhere, such as keeping active by looking after grandchildren.

“The idea that women cease fertility in order to invest more time in their family is known as the Grandmother Hypothesis, which predicts that the menopause originally evolved in humans to reduce reproductive conflict between different generations of females, and allow women to increase their inclusive fitness through investing in their grandchildren.”

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During ovulation, the woman’s immune function is impaired, making the body more susceptible to disease. Given a pregnancy is unlikely due to a lack of sexual activity, then it would not be beneficial to allocate energy to a costly process, especially if there is the option to invest resources into existing kin.

The research is based on data collected from 2,936 women, recruited as the baseline cohort for the SWAN study in 1996/1997.

The mean age at first interview was 45 years old. Non-Hispanic Caucasian women were most represented in the sample (48%), and the majority of women were educated to above a high school level. On average they had two children, were mostly married or in a relationship (78%), and living with their partner (68%).

The women were asked to respond to several questions, including whether they had engaged in sex with their partner in the past six months, the frequency of sex including whether they engaged in sexual intercourse, oral sex, sexual touching or caressing in the last six months and whether they had engaged in self-stimulation in the past six months. The most frequent pattern of sexual activity was weekly (64%).

None of the women had yet entered menopause, but 46% were in early peri-menopause (starting to experience menopause symptoms, such as changes in period cycle and hot flashes) and 54% were pre-menopausal (having regular cycles and showing no symptoms of peri-menopause or menopause).

Interviews were carried out over a ten-year follow-up period, during which 1,324 (45%) of the 2,936 women experienced a natural menopause at an average age of 52.

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By modelling the relationship between sexual frequency and the age of natural menopause, women of any age who had sex weekly had a hazard ratio of 0.72, whereas women of any age who had sex monthly had a hazard ratio of 0.81.

This provided a likelihood whereby women of any age who had sex weekly were 28% less likely to experience the menopause compared to those who had sex less than monthly. Likewise, those who had sex monthly were 19% less likely to experience menopause at any given age compared to those who had sex less than monthly.

The researchers controlled for characteristics including oestrogen level, education, BMI, race, smoking habits, age at first occurrence of menstruation, age at first interview and overall health.

The study also tested whether living with a male partner affected menopause as a proxy to test whether exposure to male pheromones delayed menopause. The researchers found no correlation, regardless of whether the male was present in the household or not. Last author, Professor Ruth Mace (UCL Anthropology), added: “The menopause is, of course, an inevitability for women, and there is no behavioural intervention that will prevent reproductive cessation. Nonetheless, these results are an initial indication that menopause timing may be adaptive in response to the likelihood of becoming pregnant.”

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LIFESTYLE & CULTURE

Factors to consider in hiring a personal injury lawyer

If you don’t trust a lawyer from the get-go, then it’s most likely that they are not the right people to represent your case. With your gut feeling and the above tips, finding the best personal injury will be a walk in the park.

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Hiring a personal injury lawyer is one of the most important decisions you can make after being involved in an automobile accident, workplace-related injury, a slip-and-fall, or an animal bite. When choosing a lawyer, you want to make sure that they’ll have your best interests at heart and that they’ll work diligently while using a proactive approach to investigate all the facts in your case. With so many law firms tightly concentrated within major cities, it can be an uphill task to find the right lawyer to work with. 

To help you out and make the process less daunting for you, below are factors you need to consider in hiring a personal injury lawyer.

Reputation

It’s very important that when looking for a personal injury lawyer, you consider getting a lawyer with a solid reputation. If it’s your first time hiring a personal injury lawyer, consider asking for referrals from past clients and looking at some reviews on their website as well as from other online sources and asking around from friends or family members. You want to work with a lawyer who garners respect from their peers, judges, insurance companies, and clients alike. One thing to note is that the quality of services offered by a lawyer will be determined by how exceptional they are in their line of work. Personal injury lawyers who have a good reputation will have distinct characteristics such as competence, commitment to quality, accountability, and loyalty, to mention but a few.

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Experience

An experienced personal injury lawyer will be able to analyze your case and provide you with reliable insights and counsel that will be beneficial in your case. Before hiring a personal injury lawyer, it’s imperative to ensure that they have enough experience in handling your case. Personal injury cases are complex and in addition to this, they are very demanding. For this reason and more, it’s also important to ask all the right questions when determining your prospective lawyer’s experience. Ask them whether they’ve taken on similar cases in the past and how successful they were. Additionally, you also want to take their focus on practice into account since personal injury law is broad with various subcategories. For instance, medical malpractice laws are different from those that involve animal bites and work-related injuries. Your personal injury lawyer should, therefore, have a lot of experience specializing in the particular area of personal injury law your case falls under. Additionally, it’s also important that the lawyer in question has trial experiences. You don’t want your lawyer to use your case to refine their skills. They need to know what they are doing and have the acumen it takes to find you the best settlement.

Cost

Before hiring a personal injury lawyer, it’s important to consider how much they charge for their services. Some personal injury lawyers charge a specific fee to their clients depending on the services rendered. On the other hand, you have a personal injury lawyer who works on a contingency basis, which means that you’ll only pay them if they win your case. These lawyers come highly recommended because they are highly motivated and you can expect them to work on your case in the best possible way.

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Personality

Before you select a particular injury lawyer, it’s important to ensure that the two of you get along. Their overall personality should be likable and they also need to be people you can get comfortable with. Consider hiring a lawyer who’ll be willing to take your calls whenever you need them; one who will not blow you off whenever you need help. Avoid lawyers who are out looking for a quick fix in your case so that they can move to the next client. Lawyers with the best attributes have good communication skills and will deliver the best services.

Credentials

The best personal injury lawyers will be willing to show you their certifications and other credentials. Actually, these are among the first things you will see hanging on their walls. A fancy office and sleek suits are not enough to represent your case in a court of law. A personal injury lawyer needs to have the lawyer qualifications it takes to represent your case. This includes holding a practice license in addition to pre-law and law school certifications. They should have passed the bar exam to continue to hold their practice license.

Finally, it’s important that you also trust your gut feeling. While it’s a good idea to ask around and talk to referees, you should always trust your gut feeling when making the final decision. If you don’t trust a lawyer from the get-go, then it’s most likely that they are not the right people to represent your case. With your gut feeling and the above tips, finding the best personal injury will be a walk in the park.

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LIFESTYLE & CULTURE

How does foreign exchange market work?

If you haven’t heard of Forex trading before, you might be wondering how the foreign exchange market works.

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The foreign exchange market or Forex trading operates through online brokerages. These brokerages, trade international currencies and operate comparably to stock market exchanges. The foreign exchange market offers a large amount of liquidity compared to the stock market and this attracts some investors to this form of trading.

If you haven’t heard of Forex trading before, you might be wondering how the foreign exchange market works.

The Basics – Baby Steps

Foreign exchange markets are essentially markets that operate the same way that stock market exchanges do, but they are traded in international foreign currencies. Geopolitical circumstances can make currency values fluctuate, so you’ll want to pay attention to the news and global ongoings. The online currency is generally traded on online platforms or through online brokerages which may charge commission rates/fixed fees. Foreign currency exchanges may carry a higher amount of risk than national stock trading, but this volatility may be something to be taken advantage of.

With a Forex broker, you’re able to set up automatic transactions or have them alert you when currencies hit a certain value. Foreign currency exchange can be confusing, so set up with a platform that offers a demo account that will allow you to trade “dummy” money to get a feel for the markets.

Getting Started On A Platform

Many platforms will only require you to invest an initial amount of 100$ or less in order to start trading. As mentioned previously, you will likely want to find a platform that offers a demo option so you can learn the ropes without losing any money. You can track how other traders are trading via a platform, and investigate the historical value of different currencies. The professionals from forextrading-online.com mention that you should also seek a Forex broker who is searching for clientele who also meet your demographic. Investing a large sum of money into a trading exchange you’re just getting into maybe too risky if you don’t want to lose your investment.

If you haven’t heard of Forex trading before, you might be wondering how the foreign exchange market works.

Never Stop Learning

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Research an excessive amount about what currencies you should be investing in prior to involving yourself in trade. Always keep up with the news regarding the currencies that you’re trading in, and attempt to develop a personal strategy. Pay attention to previous changes in the currency market and its history to see if you think any event will have a major impact on value.

The great thing about the foreign exchange market is that you’re able to buy and sell quickly due to the large volume found on the market. Once you develop a consistent and profitable flow, there’s no real reason to divert from these strategies. Gauge your win and loss percentage and ensure you’re staying above a profitable amount. If not, reassess and review where you should make your next move. You do not necessarily need to generate a profit every trade that you may, but you want your overall rates of trades to represent “wins”.

What You Need To Know

You’ll also want to look into your local regulation regarding profits made from the foreign exchange market. Just like the stock market exchange, there are taxes associated with Forex trading. Speak to a taxation lawyer if you’re worried about what taxes you’ll be expected to pay.

Also, don’t just settle on any Forex trading platform, do some shopping around. Find a platform with commission rates you find tolerable, and initial fees that won’t put too much of a dent into your finances. If you’re using this on a regular basis, you won’t want to feel like it’s a headache when you’re trading currencies. You might want to keep in mind some trading platforms may charge you an inactivity fee with use, so cancel any accounts with platforms you don’t think you’ll continue to use in the future.

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As you can see, there’s a lot of information to take in when it comes to the foreign exchange market. You won’t learn everything all at once, but if you keep researching you’ll get a handle of the ins and outs of Forex trading. Remember the initial costs of utilizing a Forex trading platform through a broker and ensure you review your investment goals prior to placing money into your online account. Trialing demo trading on platforms is really going to help you get a grasp on how to adjust to Forex trading. Make sure you’re constantly researching and learning in order to develop a better understanding at all times and be aware of taxation laws within your region. After some time and strategy enhancement, you’ll develop a better understanding of how foreign exchange markets operate.

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