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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

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.

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.

Health & Wellness

Trans women can safely maintain estrogen treatments during gender affirming surgery

The practice of withholding estrogen prior to gender affirming surgery was not necessary. Most transgender women can now safely remain on their estrogen therapy throughout surgery.

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There was no difference in blood clots when estrogen hormone therapy was maintained during gender affirming surgery.

This is according to a study (titled, “No Venous Thromboembolism Increase Among Transgender Female Patients Remaining on Estrogen for Gender Affirming Surgery”) helmed by John Henry Pang with Aki Kozato from Mount Sinai, and was published in the Journal of Clinical Endocrinology & Metabolism.

Historically, the lack of published data contributed to heterogeneity in the practice of whether doctors and surgeons advised transgender women to withhold their estrogen therapy before surgery. The sudden loss of estrogen in the blood was sometimes very uncomfortable with symptoms that amounted to a sudden, severe menopause.

So the researchers tapped 919 transgender patients who underwent gender affirming surgery at Mount Sinai’s Center for Transgender Medicine and Surgery between November 2015 and August 2019. Notably, including 407 cases of transgender women who underwent primary vaginoplasty surgery.

This study found that the practice of withholding estrogen prior to gender affirming surgery was not necessary. Most transgender women can now safely remain on their estrogen therapy throughout surgery.

The bottom line: This study found that most transgender women can  safely maintain their estrogen hormone treatments during gender affirming surgery.

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Love Affairs

Dating apps don’t destroy love

Contrary to earlier concerns, a UNIGE study has shown that people who met their partners on dating applications have often stronger long-term relationship goals, and that these new ways of meeting people encourage socio-educational and geographical mixing.

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As dating apps escalated in popularity, so has criticism about them encouraging casual dating only, threatening the existence of long-term commitment, and possibly damaging the quality of intimacy. There is no scientific evidence, however, to validate these claims.

Now a study by the University of Geneva (UNIGE), Switzerland – and which was published in the journal PLOS ONE – indicate that app-formed couples have stronger cohabitation intentions than couples who meet in a non-digital environment.

What is more, women who found their partner through a dating app have stronger desires and intentions to have children than those who found their partner offline. Despite fears concerning a deterioration in the quality of relationships, partners who met on dating apps express the same level of satisfaction about their relationship as others.

Last but not least, the study shows that these apps play an important role in modifying the composition of couples by allowing for more educationally diverse and geographically distant couples.

“The Internet is profoundly transforming the dynamics of how people meet,” confirms Gina Potarca, a researcher at the Institute of Demography and Socioeconomics in UNIGE’s Faculty of Social Sciences. “It provides an unprecedented abundance of meeting opportunities, and involves minimal effort and no third-party intervention.”

These new dating technologies include the smartphone apps like Tinder or Grindr, where users select partners by browsing and swiping on pictures. These apps, however, have raised fears: “Large parts of the media claim they have a negative impact on the quality of relationships since they render people incapable of investing in an exclusive or long-term relationship. Up to now, though, there has been no evidence to prove this is the case,” continues Dr. Potarca.

Facilitated encounters

The Geneva-based researcher decided to investigate couples’ intentions to start a family, their relationship satisfaction and individual well-being, as well as to assess couple composition. Dr. Potarca used a 2018 family survey by the Swiss Federal Statistical Office. The analysis presented in this study looks at a sub-sample of 3,235 people over the age of 18 who were in a relationship and who had met their partner in the last decade.

Dr. Potarca found that dating websites – the digital tools for meeting partners that preceded apps – mainly attracted people over the age of 40 and / or divorcees who are looking for romance.

“By eliminating lengthy questionnaires, self-descriptions, and personality tests that users of dating websites typically need to fill in to create a profile, dating apps are much easier to use. This normalized the act of dating online, and opened up use among younger categories of the population.”

Searching for a lasting relationship

Dr. Potarca sought to find out whether couples who met on dating apps had different intentions to form a family. The results show that couples that formed after meeting on an app were more motivated by the idea of cohabiting than others.

“The study doesn’t say whether their final intention was to live together for the long- or short-term, but given that there’s no difference in the intention to marry, and that marriage is still a central institution in Switzerland, some of these couples likely see cohabitation as a trial period prior to marriage. It’s a pragmatic approach in a country where the divorce rate is consistently around 40%.”

In addition, women in couples that formed through dating apps mentioned wanting and planning to have a child in the near future, more so than with any other way of meeting.

But what do couples who met in this way think about the quality of their relationship? The study shows that, regardless of meeting context, couples are equally satisfied with their lives and the quality of their relationship.

Couples with a diverse socio-educational profile

The study highlights a final aspect. Dating apps encourage a mixing of different levels of education, especially between high-educated women and lower educated men. Partners having more diversified socio-educational profiles “may have to do with selection methods that focus mainly on the visual,” says the researcher. Since users can easily connect with partners in their immediate region (but also in other spaces as they move around), the apps make it easier to meet people more than 30 minutes away – leading to an increase in long-distance relationships.

“Knowing that dating apps have likely become even more popular during this year’s periods of lockdown and social distancing, it is reassuring to dismiss alarming concerns about the long-term effects of using these tools,” concludes Dr. Potarca.

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Health & Wellness

Bisexual men more prone to eating disorders than gay or straight men – study

80% of bisexual men reported that they “felt fat”, and 77% had a strong desire to lose weight, both figures higher than the 79% and 75% for gay men, respectively.

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Bisexual men are more likely to experience eating disorders than either heterosexual or gay men. This is according to a report from the University of California San Francisco, published in the journal Eating and Weight Disorders.

A handful of studies have actually indicated that gay men are at increased risk for disordered eating, including fasting, excessive exercise and preoccupation with weight and body shape. This newer study, however, suggest that bisexual men are even more susceptible to some unhealthy habits.

For this study, the researchers surveyed over 4,500 LGBTQ adults, and a quarter of the bisexual male participants reported having fasted for more than eight hours to influence their weight or appearance. This is higher when compared to 20% for gay men.

The research also found that 80% of bisexual men reported that they “felt fat”, and 77% had a strong desire to lose weight, both figures higher than the 79% and 75% for gay men, respectively.

Now this is worth stressing: According to study co-author Dr. Jason Nagata, not everyone who diets or feels fat has an eating disorder. “It’s a spectrum — from some amount of concern to a tipping point where it becomes a pathological obsession about body weight and appearance,”Nagata was quoted as saying by NBC News.

For Nagata, several factors may be at play here, including “minority stress” (the concept that the heightened anxiety faced by marginalized groups can manifest as poor mental and physical health outcomes).

“LGBTQ people experience stigma and discrimination, and stressors can definitely lead to disordered eating,” Nagata was also quoted as saying. “For bi men, they’re not just facing stigma from the straight community but from the gay community, as well.”

Of all the respondents, 3.2% of bisexual males were clinically diagnosed with eating disorders (compared to 2.9% of gay men). For heterosexual men, it’s only 0.6%.

For the researchers, there is a need to conduct eating disorder research on various sexual identities independently. This is also to raise awareness on this issue (and how it affects different people of various SOGIESCs).

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Health & Wellness

Timing and intensity of oral sex may affect risk of oropharyngeal cancer

Love giving head? Consider this: Having more than 10 prior oral sex partners was associated with a 4.3-times greater likelihood of having HPV-related oropharyngeal cancer.

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Human papillomavirus (HPV) can infect the mouth and throat to cause cancers of the oropharynx.

This is according to a study published in CANCER, a peer-reviewed journal of the American Cancer Society, which has found that having more than 10 prior oral sex partners was associated with a 4.3-times greater likelihood of having HPV-related oropharyngeal cancer. The study also shows that having oral sex at a younger age and more partners in a shorter time period (oral sex intensity) were associated with higher likelihoods of having HPV-related cancer of the mouth and throat.

Previous studies have shown that performing oral sex is a strong risk factor for HPV-related oropharyngeal cancer. To examine how behavior related to oral sex may affect risk, Virginia Drake, MD, of Johns Hopkins University, and her colleagues asked 163 individuals with and 345 without HPV-related oropharyngeal cancer to complete a behavioral survey.

In addition to timing and intensity of oral sex, individuals who had older sexual partners when they were young, and those with partners who had extramarital sex were more likely to have HPV-related oropharyngeal cancer.

“Our study builds on previous research to demonstrate that it is not only the number of oral sexual partners, but also other factors not previously appreciated that contribute to the risk of exposure to HPV orally and subsequent HPV-related oropharyngeal cancer,” said Dr. Drake. “As the incidence of HPV-related oropharyngeal cancer continues to rise… our study offers a contemporary evaluation of risk factors for this disease. We have uncovered additional nuances of how and why some people may develop this cancer, which may help identify those at greater risk.”

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Health & Wellness

Sexual, gender minority youths more likely to have obesity, binge eating disorder

Findings suggest that weight and eating disorder disparities observed in SGM adolescents/adults may emerge in childhood. As such, “clinicians should consider assessing eating- and health-related behaviors among SGM youths.”

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Sexual and gender minorities (SGM) youths were more likely to have obesity and full-threshold or subthreshold binge eating disorder. This is according to research – “Obesity and Eating Disorder Disparities Among Sexual and Gender Minority Youth” by Natasha A. Schvey, PhD; Arielle T. Pearlman, BA; David A. Klein, MD, MPH; et al -published in JAMA Pediatrics.

SGM are those who identify as lesbian, gay, bisexual and/or transgender, or whose sexual orientation and/or gender identity/expression do not conform to societal conventions.

For this study, the researchers noted that as it is, “obesity and eating disorders in youth are prevalent, are associated with medical and psychosocial consequences, and may persist into adulthood. Therefore, identifying subgroups of youth vulnerable to one or both conditions is critical.”

For them, one group that may be at risk for obesity and disordered eating is SGM.

In total, 11,852 participants were considered (aged 9-10 years), derived from the Adolescent Brain Cognitive Development Study. The mean age was 9.91, and 5,672 (47.9%) of the total number were female. The sample comprised 1.6% (n = 190) probable sexual (n = 151) and/or gender minority (n = 58) youths, of whom 24.7% (n = 47) responded yes and 75.3% (n = 143) responded maybe to the SGM queries.

The researchers found that one in six youths (1,987 [16.8%]) had obesity and 10.2% (n = 1,188) had a full-threshold (86 [0.7%]) and/or subthreshold (1103 [9.4%]) eating disorder.

They also reported that adjusting for covariates, SGM youths were more likely to have obesity (odds ratio, 1.64; 95% CI, 1.09-2.48) and full-threshold or subthreshold binge eating disorder (odds ratio, 3.49; 95% CI, 1.39-8.76).

SGM and non-SGM youths did not differ in the likelihood of full-threshold or subthreshold anorexia nervosa or bulimia nervosa. The same pattern of results remained when limiting SGM youths to those responding yes to the SGM items, although significance for the likelihood of obesity was attenuated.

For the researchers, the findings suggest that weight and eating disorder disparities observed in SGM adolescents/adults may emerge in childhood. As such, “clinicians should consider assessing eating- and health-related behaviors among SGM youths.”

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Health & Wellness

Sexual dysfunction hits some women harder than others as they age

Factors other than use of hormone therapy, such as higher importance of sex, positive attitudes toward sex, satisfaction with one’s partner, and fewer genitourinary symptoms associated with menopause appear to be protective and are linked to better sexual function across the menopause transition.

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Sexual dysfunction often accompanies the menopause transition. Yet, not all women experience it the same. A study identified the determinants that affect a woman’s risk of sexual dysfunction and sought to determine the effectiveness of hormone therapy in decreasing that risk and modifying sexual behavior.

The study – “Sexual behaviors and function during menopausal transition–does menopausal hormone therapy play a role?” – was published in Menopause, the journal of The North American Menopause Society (NAMS).

Although hot flashes easily rank as the most common symptom of menopause, the transition is often accompanied by other issues, including changes that affect a woman’s libido, sexual satisfaction, and overall sexual behavior. Because hormone therapy is the most-effective treatment option to help women manage menopause symptoms, it was the focus of a new study designed to determine why some women experience greater sexual dysfunction than others.

The study involving more than 200 women aged 45 to 55 years found that women with secondary and higher education and a greater number of lifetime sexual partners were less likely to experience sexual dysfunction. In contrast, women with more anxious behaviors during sexual activity and those with more severe menopause symptoms were more at risk for sexual dysfunction.

Hormone therapy was not found to mitigate the risk for sexual dysfunction, nor did it play a major role in determining sexual behaviors. However, women using hormone therapy typically had higher body esteem during sexual activities; better sexual function in all domains, except for desire/interest; better quality of relationships; and fewer sexual complaints (other than arousal problems) than those women who do not. Of importance to helping maintain a woman’s sexual function were positive sexual experiences, attitudes about sex, body image, and relationship intimacy.

“These results are consistent with the findings of prior studies and emphasize that factors other than use of hormone therapy, such as higher importance of sex, positive attitudes toward sex, satisfaction with one’s partner, and fewer genitourinary symptoms associated with menopause appear to be protective and are linked to better sexual function across the menopause transition,” says Dr. Stephanie Faubion, NAMS medical director.

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