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Why Choosing the Right Broker Is Important in Forex

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Why Choosing the Right Broker Is Important in Forex

The forex market offers you the opportunity to grow your money by trading currencies from around the world.

There’s quite a bit to learn before you jump into this market and start trading currency pairs, and there are many steps you can take to educate yourself and prepare for the ups and downs of this unique market.

But one thing to carefully consider is which forex broker you’ll use. Why is this so important? Continue reading to learn about just a few of the many reasons why choosing the right forex broker is key.

The Broker Will Give You Access to a Trading Platform

The broker you choose will do a lot for you, and one of those things is giving you access to a trading platform that you’ll use to buy and sell currency pairs. If the platform is difficult to navigate, hard to understand, or challenging to use, or if the platform isn’t reliable, you’ll struggle to perform well as a trader. After all, in the forex market, things can change unexpectedly, so you’ll want to be able to have access to a platform that will be easy to use whenever you need to execute a trade to increase your returns and reduce losses. A great example is HFM, which provides traders with top-quality trading platforms like MetaTrader 5.

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You Want to Be Able to Trade Securely

Yet another reason why it’s important to select the right broker is because you’ll want to trade securely. Keep in mind that you will be giving the broker your information and you will be investing your hard-earned money in the forex market, so you’ll want them to have methods and tools in place to ensure the security of your data and your money. Basically, you want the broker to take steps to keep your information secure, and you also want to rest assured that every tool and platform you use will be secure as well. So, again, it’s super important to consider the trading platforms and tools offered by a broker, as mentioned above.

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There Are Forex Broker Scams to Worry About

Another reason why you should carefully select a forex broker is because there are, unfortunately, scammers out there who want to take advantage of innocent people. They will pretend to be fantastic forex brokers when, in fact, they are out to steal your information and your money. So, be aware of scams by learning the signs that a forex broker should not be trusted. For instance, if their claims seem too amazing and, therefore, not all that realistic, they are probably not being honest about what they have to offer and they may be trying to trick you.

You’ll Want Access to Good Customer Support

Finally, when it comes to forex trading, you might run into questions every now and then or you might need support when using a trading platform or tool. So, if a broker is unable to provide outstanding customer service, that’s a red flag.

Check a broker’s website to determine when they’d be available to help you if you ever needed it. If they aren’t going to be around when you plan on trading, they may not be right for you.

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As you can see, there are many reasons why it is so important to really take your time when deciding on the forex broker you will go with.

They aren’t all the same in terms of what they offer to their customers, and they don’t all offer the same quality of service, so compare them carefully before selecting one that meets all of your must-haves.

I've been a freelance web developer and blogger for a while now and have a passion for both. Like most men, I'm a football lover; I prefer playing to watching matches.Personally, I believe with dedication there's no limit to what we can achieve. Yes, we all have the power and ability to do that.

Tech

5G Officially Introduced in India by PM Narendra Modi

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Supported 5G Bands in India: Know Everything About the 2022 5G Auction
Supported 5G Bands in India: Know Everything About the 2022 5G Auction

Prime Minister Narendra Modi has officially introduced 5G in India at the ongoing Indian Mobile Congress aka IMC 2022 event today. It’s the first day of the event and will last until October 4. The official announcement comes after the recent conclusion of the 5G spectrum auctions in the country, where Jio took the most spectrum.

5G Rolling out Pan-India by 2023

5G in India will be introduced in select metropolitan cities initially, including Delhi, Mumbai, and Kolkata. It is expected to reach pan-India by 2023. Jio’s Mukesh Ambani has confirmed that 5G will be available in every “taluka” by December 2023. It will begin rolling out for the metros post Diwali, which means at the end of this month.

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Ambani, at the IMC 2022 event, has also claimed that India will have the most affordable 5G rates. Narendra Modi also had a demo of Jio’s True 5G devices

As for Airtel, the telecom operator has already confirmed that Airtel 5G will start rolling out by this month too. It is expected to introduce 5G in 8 cities and shall launch in most major cities by March 2023. The pan-India rollout of Airtel 5G should happen by 2024. Airtel has already confirmed that there’s no need for a dedicated 5G SIM to avail of the services. We expect a similar thing for other telcos too.

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For those who don’t know, the 5G network is expected to be a lot faster than 4G and could support download speeds of up to 20GBps. This is said to download a 1GB file in less than a second. To understand 5G better, you can check out our in-depth article on ‘What is 5G?‘ It is said to transform AI, IoT, Blockchain, and more. It will also be handy for connected vehicles, e-health, and more.

To recall, during the auction, Jio got a 26,772 MHz spectrum, Bharti Airtel acquired a 19,867 MHz spectrum, and Vi got a 2,668 MHz spectrum.

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We will keep you posted on all details related to the 5G rollout in India. Until then, do check out our articles on 5G bands in India, how to check them, and more to keep yourself prepared for 5G!

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Tech

Twitter Banks High on Videos with TikTok-like Video Viewer

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twitter tiktok like videos
twitter tiktok like videos

Twitter has decided to go the TikTok route to showcase videos in a full-screen format, which can soon become a standard way of consuming videos. The Twitter feed will now go full-screen for videos. Here are the details.

Twitter Wants to Focus on ‘Immersive’ Viewing

Twitter’s new media viewer is believed to provide an immersive experience and will enter the full-screen mode when showing a video. Once a video is clicked, it will appear in full-screen mode and you will be still able to like, comment, and share. The option to retweet will also be available.

Plus, to further make the video feed similar to TikTok, Instagram Reels, and even YouTube Shorts, you will now get the Scroll Up gesture to continue watching more videos in the same format, thus, allowing you to explore more content.

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There will be an option to exit the full-screen mode and go back to the original feed by tapping the back-arrow option. This new change will be initially available for iOS users and is said to eventually reach Android users.

While this new change is a way for Twitter to keep up with the trend and give users what’s in demand, it might attract some negative feedback from some of them too. If you don’t know, Instagram began testing the full-screen mode for its entire feed, which had to be rolled back post some backlash. It remains to be seen how this new change on Twitter is received by people.

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In addition to this, Twitter has introduced a new video carousel in the Explore section for you to easily explore more, popular videos, besides tweets and trends. This feature is available in select countries on both Android and iOS.

twitter video carousel in Explore

So, what do you think about the new change to videos on Twitter? Let us know your thoughts in the comments below.

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Tech

Fitbit Sense 2, Versa 4, and Inspire 3 Wearables Launched in India

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fitbit versa 4 inspire 3 sense 2 launched
fitbit versa 4 inspire 3 sense 2 launched

Fitbit has launched three new wearables: the Sense 2, the Vers 4, and the Inspire 3 in India. All smartwatches are claimed to be thinner and come with various health features, Fitbit app integration, and more. Have a look at the details.

Fitbit Inspire 3: Specs and Features

The Fitbit Inspire 3 is a new fitness tracker, which comes with a color display. There’s the ability to monitor the resting heart rate, SpO2, and stress levels. You can also measure your skin temperature and track your menstruation.

Fitbit Inspire 3

The tracker allows for the call, message, and app notification. Plus, if you have been sitting for a while, it will remind you to move. There’s support for the Smart Wake feature to wake you up during the optimal sleep stage, along with the ability to track sleep. It also supports calorie, step, and distance tracking.

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Additionally, the Fitbit Inspire 3 has a 10-day battery life, water resistance support, and gets accessories and clock faces. It comes in Midnight Zen/Black, Lilac Bliss/Black, and Morning Glow/Black colors.

Fitbit Versa 4: Specs and Features

The Fitbit Versa 4 smartwatch has a square dial and a color touch screen with the AOD feature. It comes with various health features like a heart rate sensor, a blood-oxygen sensor, a sleep tracker, a period tracker, a skin temperature monitor, and a stress monitor.

Fitbit Versa 4

It has support for 40+ exercise modes, inbuilt GPS, Google Maps support, and is swim-proof. You will be able to track the calories, steps, and distance. There’s Alexa support, a 6-day battery life with fast charging, Active Zone Minutes, and compatibility with tablets too. Bluetooth Calling is expected to be introduced soon.

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The Fitbit Versa 4 comes in Black/Graphite, Blue/Platinum, Pink Sand/Copper Rose, and Beet Juice/Copper Rose colorways.

Fitbit Sense 2: Specs and Features

The Fitbit Sense 2 is the high-end variant of the lot and comes with various health features like a heart rate sensor, a SpO2 monitor, a stress monitor, and a sleep tracker. Apart from the usual health and fitness features, there’s support for an ECG app to detect signs of atrial fibrillation and a PPG algorithm.

Fitbit Sense 2

It also supports a skin temperature, Body Response sensor for all-day stress management, and comes with more than 6 days of battery life. There’s support for Alexa, water resistance, Bluetooth Calling (coming soon), Google Maps, and much more.

The Fitbit Sense 2 comes in Shadow Grey/Graphite, Lunar White/Platinum, and Blue Mist/Soft Gold color options.

Price and Availability

The Fitbit Inspire 3 is priced at Rs 8,999, the Fitbit Versa 2 retails at Rs 20,999, and the Fitbit Sense 2 comes with a price tag of Rs 24,999.

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The wearables are now available to buy on select offline and online platforms. All of them come with 6 months of Fitbit Premium subscription.

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