DECT phones are those with the Digital Enhanced Cordless Technology (DECT). It is capable of connecting wirelessly with the base in a simple way. Thus, you can move around the house with the handset while making or taking calls. You do not have to be near the base for the phone to work.
A DECT phone works differently from a landline phone. They are wireless phones that do not require plugging into a landline. Instead, they come in the form of a set that includes a base unit and several handsets.
In case you have one handset, you can easily combine it with the base to form one device. You will have to hook the handset to the base unit to recharge it. If you increase the number of handsets, then you may require several charging base units. Most Panasonic cordless phones fall within this category.
Advantages of DECT Phones
Convenient when it comes to the rooms where you can make a call
Have a wide range of between 50 meters and 300 meters
Provide the ability to link to extra handsets (usually up to six)
Suitable for home and office use
Some are in the form of 2-line cordless phones
Some wireless phones allow you to use a repeater
Ability to enable one to make hands-free phones
Some of the phone models have Bluetooth capability
Provide advances call blocking and caller ID features
Disadvantages of DECT Phones
They need continually hooking to a power supply
Are DECT Phones Safe?
Cordless phones connect to their base units using radio waves. Thus, some people worry that radio waves could be harmful to their health. Nothing could be far from the truth. That’s because researchers have found no evidence that the emissions from DECT phones are dangerous.
You can reduce the emissions further by turning on the ECO DECT function, commonly found on Gigaset phones. It works while the phone is on standby or even during a call. However, the function may reduce the range within which you can use the handset. ECO DECT is also great for the environment since it drastically cuts the power consumption.
In many homes, you will find a smart speaker of sorts. In some ways, current trends seem in line with predictions made back in 2016 about exponential growth in the uptake of these devices.
However, the application of voice-enabled technology isn’t just to speakers. Today, voice recognition has been incorporated in smartphones and similar devices to make them more secure.
So, we can only expect that speakers that respond to human command will become more widespread in the coming years. But just what is a smart speaker? What kind of technology does it use?
What Is a Smart Speaker?
A smart speaker is one that acts on voice commands with the help of a built-in virtual assistant such as Amazon Alexa or Google Assistant. One needs to say a “hot word” to activate a smart speaker.
Therefore a smart speaker is much more than just an audio playback device. It connects to other smart devices via the home Wi-Fi network, acting as the central command. Thus, you can use it to control your HVAC smart thermostat, smart lights, smart lock, and so on.
Smart speakers are also called wireless speakers or Wi-Fi Speakers. They pack a lot of advantages, including portability, better sound quality, and functionality.
What Is a Virtual Assistant?
In our definition of a smart speaker, we have mentioned virtual assistants. Therefore, we need to understand what this is all about. Well, a virtual assistant (or smart assistant) is a software that enables an intelligent device to answer questions and perform specific tasks.
Smart assistants link the user to the functionality of smart devices and can control smart thermostats, smart lights, smart cameras, and so on. Notable examples of intelligent virtual assistants include Amazon Alexa, Google Assistant, and Apple Siri.
What’s The Technology behind Smart Speakers?
There are different Artificial Intelligence (AI) technologies that drive smart speakers. They include Automatic Speech Recognition (ASR), Natural Language Understanding (NLU), and Natural Language Generation (NLG). Let’s look at each of these techniques to see the role it plays in making smart speakers work.
1. Automatic Speech Recognition (ASR)
Automatic Speech Recognition or ASR is a technology through which human beings can speak to computerized devices. In short, it enables interaction between human beings and machines. When it comes to smart speakers, ASR is the technology that allows the device to listen to human speech soundwaves and converting them into words.
The advanced form of ASR is the Natural Language Processing (NLP), which enables realistic conversations between human beings and smart devices. Incidentally, virtual assistants such as Amazon Alexa, Apple Siri, and Google Assistant rely on the advanced form of ASR.
Regardless of the virtual assistant you use, ASR systems work in a similar sequence of steps. They pick up your words and break systematically break them down using the following steps:
The smart device speaker listens as you speak and creates waves representing your words.
It filters the waves by removing any background noise. If the volume was low, the device normalizes it.
The smart speaker then breaks down the waves into phonemes or basic sound building blocks. In English, there are 44 phenomes.
It put the phenomes into a chain link, analyzes them, and uses statistical probability to deduce the words and complete sentences.
At that point, the smart speaker has understood the speech and can now offer a meaningful response.
Of course, all of that happens in a flash, given that you are dealing with a computerized system.
2. Natural Language Understanding (NLU)
Natural Language Understanding (NLU) is the section of AI that breaks down human language and translates it into a format that machines can read. In a smart speaker, it is NLU that derives meaning from an individual’s speech.
Using grammatical rules, standard syntax, and overall context, NLU understands natural language better than the literal translation. Even though still under development, the goal of NLU is to understand the spoken and written language like humans.
NLU understands what humans say using sentiment analysis. Through that, a smart speaker detects and interprets the emotions in a speech categorizing them as negative, neutral, or positive. A smart speaker uses machine learning (ML) to understand an individual’s speech pattern, but it eventually does.
With that, a smart speaker can understand questions and provide appropriate answers. Virtual assistants need NLU to tell you the day’s weather, for example.
3. Natural Language Generation (NLG)
Natural Language Generation (NLG) is the part of AI that enables a smart speaker to translate data into spoken words. For example, when you ask the smart speaker the weather, it is NLG that allows it to give you an answer.
Even though NLG has been around for long, it is becoming more sophisticated with its application in Amazon Alexa, Google Assistant, and Apple Siri. Through NLG, a smart speaker sifts through large amounts of data and gives you the answer you need.
Smart Speaker: How Does It Come Together?
Despite the AI tool in action at any particular time, smart speakers work by collecting and interpreting data. When a person speaks, the speaker digitizes the voice in the form of machine-readable data. It does that through Automatic Speech Recognition (ASR).
The smart speaker has to analyze vast amounts of data to determine your needs. Machine Learning (ML) enables the system to internalize the contexts, environments, and emotional nuances of your speech. In the end, it can interpret what you are saying using Natural Language Understanding.
After that, the part that responds kicks in. The smart assistant uses the data to generate speech in a format that humans can understand. In doing so, it utilizes the built-in natural language generation capabilities.
Smart speakers provide much more than virtual assistants. Most of them utilize Bluetooth and Wi-Fi to give you convenient wireless connectivity. Also, they control the smart devices in your home and produce the sound of the highest quality. No matter your reason for buying a smart speaker, there are so many options available on the market. Examples include LG XBoom AI ThinQ WK7, Bose Home Speaker 500, UE Megablast, and Echo Dot (3rd Gen).
Best cordless phones provide better sound quality than what you are getting from your cell phone. Also, they are dependable to use in emergencies since they are reliable when giving your address to the operator. Some even come with an additional corded handset so that you can keep using them when the battery runs dry. In line with that, you have so many reasons to buy a cordless phone. If you do not know how to do it, we are going to tell you all about buying the best product in this category. Read on.
The author of this blog includes affiliate links in the content. Therefore, if you click on a link and make a purchase, the author will earn an affiliate commission from Amazon. All rights reserved.
The VTech cordless phone features the industry’s most outstanding technology. If anything, it is sleek and able to meet modernity’s communication needs. Besides, the phone has excellent looks, thanks to its innovative nature. The phone system includes the DECT 6.0 technology, which enables you to use it without interfering with other electronic devices. Therefore, no need to worry about the loud squeal produced by loudspeakers you turn different phone types.
Another thing worth saying about the device is its top-notch audio quality. Because of that, the cordless phone will give you a fabulous range regardless of its location in the house. Also, the cordless phone system allows you to keep using it even when the internet is on. It comes with a caller ID function which can store and display up to 50 contacts. With that, you don’t have to memorize and recall the phone numbers of the people who regularly contact you.
It is a complete cordless phone system that comes with a handset and a base unit. After attaching the cordless handset to the base unit, you can press a button to toggle the hands-free function. Therefore, you can receive calls without lifting the handset. Also, the device has a power-saving eco-mode, which maximizes battery life. With this device, you can choose the silent mode if you don’t want disturbance from the ringer. Besides, it comes with a built-in answering machine that records all missed calls.
If you are looking for the best cordless phone in terms of display, this 2.4-inch device will do the trick. If anything, that large screen is high when it comes to viewing most at a glance. Besides, the home phone comes with certain call management functions that make communication with your contacts more productive. For example, it has a call silencing function through which you can reduce the ringer volume when all you want is silence. Also, it has a call block and caller ID features that enable you to blacklist some of your contacts.
The phone cordless can store up to 500 phone contacts and put 20 of your last callers on speed dial. Thus, it is possible to dial favorite contacts very quickly. In other words, you have the freedom to select the contacts to put on speed dial. It could be your closest friends or members of your family.
Unlike other landline phones which stand on their own, the Gigaset-S820A-DUO can connect to a PC and sync with MS Outlook. Also, it can assign images to each of your contacts and sync with your cell phone’s messaging function. With that, it becomes straightforward to receive and read incoming text messages. With the lighted keypad, you can easily see and use the cordless handset in low light. Even better, the digital answering machine can record up to 55 minutes of missed calls.
The answering machine can record up to 55 of audio
Has a caller ID function
Enables call blocking
Has an excellent sound quality
Syncs with the cell phone and PC
The touchscreen is a touch-sensitive plastic
The touchscreen may fail after a few years of use
Doesn’t support eco-mode
3. Panasonic Link2Cell Bluetooth Cordless DECT 6.0 Expandable Phone
The Panasonic KX-TGE474S is the best cordless phone when it comes to sound quality. Besides, it features a digital answering machine, which records calls to ensure you don’t miss anything from your favorite contacts. It is designed for home or office use, given its reputation as a hardworking device. If anything, it comes with five handsets, which can cover all the critical departments in the office.
It is one of the best cordless phones when it comes to extending your communication outside the home or office. That’s because it can sync with cell phones, enabling you to keep communicating even when you aren’t near it. Nevertheless, it features a battery backup system that extends the operation time to up to 13 hours.
As one of the best cordless phones from Panasonic, this device store phone contacts and makes them accessible through each one of the cordless handsets. Even better, it has a vocal alerts feature, through which you get alerted in your cell phone someone texts or calls you. Also, it has a cell phone locate feature for locating a lost mobile phone.
The home phone features a ring volume control function that makes it possible to choose how loud you were the ringtone to be. Based on that, individuals with hearing problems will not have to miss important calls. Besides, it comes with a built-in answering machine that records messages from all callers that miss you. In that case, you will get text alerts on your cell phone. Also, you can reduce all background noise to enhance the call quality.
It syncs with two cell phones
Text alerts for missed calls
Has up to 13 hours of battery life
Greater call quality
One of the best in sound quality
Has a digital answering machine
Caller ID capabilities available
Its Bluetooth has a 15-foot
It’s likely to produce static noise
4. Motorola AXH02 Smart Wireless Home Telephone System
What sound quality, would you expect a model to have? Well, that isn’t something to worry about when it comes to the Motorola AXH02 cordless phone. If anything, it offers full-HD audio for a high call quality via the hands-free wireless speakerphone.
It is the best cordless phone when it comes to making Skype and Alexa-to-Alexa calls. The Alexa function is accessible no matter your location in the house. The phone produces a long-range signal thanks to the DECT 6.0 wireless technology, the industry standard. Thus, it is possible to make announcements to your family members via all Alexa-enabled devices.
The phone features a 2.0-inch, full-color display, through which you can view notifications. Also, you can see the caller ID and decide whether to take the call or not. It is one of the best cordless phones when it comes to time setup – it takes only a couple of minutes. Additionally, you can synchronize it with any Android and iOS cell phones. Also, you can connect it to your internet service as well as landline phones?
It features a call alert function for all calls, whether missed or received. For that matter, all notification messages come via your cell phone. Besides, the Alexa functionality allows you to listen to the news, set timers, check the weather, play music, and kick-start alarms & reminders. For your information, you can use it together with devices such as smart locks, smart lights, smart plugs, smart TVs, and smart thermostats. No wonder it’s popular with homeowners.
An Alexa-enabled phone
Comes with a 2.0-inch display
Full-HD audio for high sound quality
Comes with a digital answering machine
Has a call waiting feature
You can use call blocking
Has caller ID functionality
Does not record voicemail
Does not make calls to devices without Alexa
5. Panasonic KX-TGF352N Corded/Cordless Phone System
The Panasonic KX-TGF352N is more than a cordless phone, given its many features. It is a complete cordless phone system that features up to three cordless handsets. It has a smart base unit with three speed-dial buttons for quickly picking and calling your favorite contacts. Therefore, you do not need to scroll through your phonebook to reach the connection you want to call. Also, you can connect additional handsets.
With the 3.4-inch tilt-up LCD screen, the Panasonic KX provides an intuitive caller ID function. With that, you can choose to receive a given call or to avoid it altogether. The digital answering system makes it possible for you to listen to recorded calls in the highest sound quality. Incidentally, the phone can hold up to 17 minutes of recorded phone time.
At its base, the Panasonic KX has a call lock button with which you can block up to 250 unregistered contacts. Besides, it comes with a powerful battery that provides between 12 and 13 hours of call time. Additionally, it has a battery system that enables you to continue making calls when the battery gets depleted. In that aspect, this product is one of the best home phones.
Another thing you will love about the Panasonic KX cordless phone is its compatibility with most of the range extenders in the market. Thus, you can make and receive calls from everywhere in your home. So, what are you waiting for? The Panasonic KX premium phone will keep you connected with your business clients. It syncs with your cell phone so that you can continue communicating on the go.
A call block button enables you to ward off telemarketers
The battery backup system is powerful
It is affordably corded
Records missed calls in digital sound quality
A 3.4 display for caller ID
Has a solid construction
Comes with a restricting short cord
No rechargeable batteries
The ringer is hard to turn off
Best Cordless Phones – The Ultimate Buying Guide
Nowadays, most people have a cell phone with which they communicate. However, having a cordless phone such as the Vtech CS6719 is also essential. Or, you could try the Panasonic KX, which is one of the best phones cordless. Cordless phones are great when it comes to serving your communication needs both at home and in the office.
Due to their many features, cordless phones come with many advantages. For example, cordless phones such as the Vtech CS6719 come with crisp, clear sound quality and a call waiting for function. That’s because many of these phones have the DECT 6.0 technology for crystal, clear calls. Still, some cordless phones, such as Panasonic KX, come with a feature to amplify sound for individuals with hearing problems.
However, not all cordless phones have the features you need for home or office use. That’s why you must consider several factors before buying a particular phone. They include the following:
How Many Extensions Does It Have?
A cordless phone may have several extensions, which determined by the number of handsets. With up to five handsets, the Vtech CS6719is one of the best considering that aspect. However, in a small home, one cordless handset would do. On the other hand, a larger home requires a phone system with several handsets. It’s always best to buy an expandable phone system, just in case your needs change.
What Phone Features Are You After?
Cordless phones have several features, including the speakerphone, hearing aid compatibility, headset jack, quiet mode, eco-mode, call waiting, call blocking, and so on. However, some phones may lack several key features. That’s why you should consider the features before buying a cordless phone. Even so, be prepared to pay more for a phone with many features.
How Is The Call Quality?
The phone should have a high sound quality so that you can hear your callers. You can have a good idea by reading reviews about the phone. For example, you could try the Vtech 6719, which has the DECT 6.0 sound clarity enhancing technology.
Is The Phone Easy To Use?
The most important consideration is the phone’s expected end-user. For instance, phones for senior citizens should have larger displays, backlit keypads, and contrast fonts. A good example is the Vtech CS 6719, which is the best for the visually impaired, thanks to the backlit keyboard. On the other hand, a phone for the hard of hearing person should have volume-enhancing features such as compatibility with hearing aids. Also, you should consider aspects such as speakerphones, customized ringer, and talking caller ID.
Does It Come With Battery Backup?
All of us need to keep in touch with our loved ones without worrying about the battery getting depleted. Luckily, several phones, such as Panasonic KX, have dedicated backup to keep you talking for longer. Importantly, the device should have a durable battery life to prevent frequent recharging. Luckily, some phones on the market have batteries that last for more than 300 hours with a 20-hour talk-time. Also, check that the battery is easily replaceable.
What Kind Of Design Does It Have?
Who wants an ugly phone when you can get a sleek, clear-cut, and sophisticated device? Also, ensure the phone is easy to hold and not clumsy. As such, the best phone is one with a rounded earpiece and a depression at the center. It easily fits over the ears and in the hands. While at it, ensure you have the right button size – nothing too small nor too large. Finally, consider all expected users to ensure no one is disadvantaged.
Does It Have Wireless Interference?
Some cordless phones may interfere with wireless internet frequency as well as cell phone networks. No one likes such interference, which is reason enough to get a phone with a technology that prevents jamming.
How Wide Is the Phone’s Range?
Several phones come with mediocre range, meaning you have to be close to the base unit before using the cordless handset. With such issues, you cannot buy a multiple-handset phone system. If anything, the limited range renders the cordless phone very useless.
How Long Does Charging Take?
An aspect related to battery life is the charging time, which should be too long. Otherwise, you may have to take a whole day just to charge a phone. In that case, would you make or receive any calls? Avoid the hassle of purchasing a phone with a short charging time.
Does The Manufacturer Have A Return Policy?
Most manufacturers of cordless phones have a return policy. The purpose is to enable you to return the phone if you notice any manufacturing defects. Mostly, the manufacturers specify the period within which you can return the phone. Also, they give you freedom, whether you want a refund or a phone replacement. Issues such as the design, features, functionality, and interference may necessitate the return of the phone.
How Good Is The Customer Service?
Customer care is all about how a manufacturer interacts with buyers in case the phone has some issues. The manufacturers have customer care departments with staff, which handles questions that buyers might have. Therefore, the team needs to know how to handle the consumer. If they are rude or unresponsive, customers may not get their issues resolved. For that reason, you should read the reviews to find out the person with whom you are dealing.
Best Cordless Phone – FAQs
What is the best cordless phone for seniors?
The best cordless phone for seniors should have large dials and buttons so that they can easily use it. Also, it should have an easy-to-use volume control so that seniors citizens can access and listen to missed calls. Importantly, the cordless phone should have a large storage capacity to record several messages. The brand may not matter as long as the phone’s user interface is intuitive.
Which is the best Panasonic cordless phone to buy?
The best cordless phone by this company is the Panasonic KX-TGE433B, thanks to its large buttons and a backlit screen. Because of that, the phone is straightforward to use. It is a complete cordless phone system that comes with three handsets (expandable to six) and a digital answering machine. Besides, it has caller ID capabilities and excellent sound quality. However, it has a large size, making it less sleek and elegant.
How to reset a Vtech CS6719 cordless phone
You can reset the VTech CS6719 cordless phone in three ways. First, is the hardware reboot, which involves plugging the phone into an AC adapter and allowing it to reboot for five minutes. After that, and enter ***3332858# and wait for it to flash the “Message Waiting.” That means you have finished resetting it.
Alternatively, use the Vtech CS6719 menu to reset the phone. Go to Menu > Admin Settings > Select and press the 123 soft key to lowercase letters. After that, enter “admin” as a password and scroll to “Reset to Default.” Finish it off by pressing “Yes” to confirm and launch the factory reset.
The last method of resetting the Vtech CS6719 is via WEBUI. Go to Menu > Status > Network > IPv4 and type in the phone’s IP address into a web browser on a computer networked with the phone. Enter “admin” as the username, followed by “admin” as the password. Click “SERVICING” then “Provisioning.” Scroll down, click “Reset,” followed by “OK” on the popup menu. That will confirm the reset. Click “Save.”
What is the best cordless phone for home use?
The best cordless phone for home use if one that can meet your needs. If you have a small home, then one handset would do just fine. Even so, you should check that the range of connectivity between the base unit and the handset is long enough. In a larger home, you will need a cordless phone with several handsets such as the Vtech CS6719. With its wide connectivity range, you can answer your calls from virtually any room in your home.
What is the best cordless phone to buy?
It all boils down to your needs? Where will you be using the phone? Is it for home or office use? Once you are clear about that, you can check out the features of the different phones—no need to say that you should choose one that serves your needs. Also, please take into consideration the price, ensuring that it falls within your budget. In that case, you should try the Vtech CS6719, which is the best cordless phone in terms of the price.
Are Uniden or Panasonic cordless phones better?
The comparison between Uniden and Panasonic cordless phones is an easy one. While some of the Uniden models have advanced features like Bluetooth, Panasonic is yet to implement this new technology. A good example is the Uniden DECT3288, with Bluetooth for secure connectivity to wireless headsets. Besides, you can route calls on your cell phone via the cordless phone. In that case, Uniden phones seem better than their Panasonic counterparts.
From the reviews above, which option do you choose? You may want to go for the latest technology or the one that provides the best services. Our advice is that you do a thorough search and pick products that serve your needs. Why should you add to your stress by acquiring a bogus device?
“Buy laptop computers like a pro?” Is that something you can pull off? Of course, “yes.” All you need is knowledge of the things for which to look. In all of that, the laptop price may not be such a big factor. If anything, any price point is likely to have laptop brands with different features.
In this write-up, we provide an in-depth look at the things you should look for in a laptop. Read on if you are looking for business laptops, gaming laptops, or student laptops. We are going to point you in the right direction.
What is the Best Laptop Operating System?
Laptop computers come with different operating systems. For instance, you may want to buy laptop computers with macOS, Windows, or Chrome OS. Each of these options comes with its advantages and disadvantages. We look at them in greater detail below:
1. macOS Catalina
The macOS Catalina is the exclusive operating system in all MacBooks. By and large, it is a great operating system with functionality similar to that of Windows 10. A MacBook comes with an intuitive user interface. Because of that, it is easy to navigate through the programs and documents.
On the desktop, there is a dock with apps. In many ways, it similar to the taskbar and start menu on a Windows desktop. Overall, a MacBook is extremely easy to use, owing to its simplified structure. However, if you want a touchscreen laptop, you have to look elsewhere. That’s because Apple is yet to make a MacBook with a touchscreen. The following are examples of MacBooks.
Even though there are many versions of the operating system from Microsoft, Windows 10 is the latest. It is the most flexible operating system given the laptop brands that use them. Therefore, it is not uncommon to find it on the cheapest notebook as well as the most expensive laptop.
The start menu on Windows 10 is simpler than Windows 7 and 8. Also, Windows 10 comes with the Cortana voice assistant ease navigation. You should buy laptop computers with Windows 10 for use in your business, research, or as a student.
Unlike macOS, Windows is an open-ended operating system with frequent updates. Also, Windows makes it possible for you to install different types of software. Because of that, laptops with Windows are more functional. Besides, they exist in numerous laptop brands – you have to look at numerous other features to pick the best. The following are examples of Windows Computers.
Laptop computers running on the Chrome OS are the cheapest. Examples of laptop brands offering Chromebooks include Samsung, Acer, Google, and so on. The Chrome OS is simpler and more secure. However, it has limited functionality compares to macOS and Windows.
It has a user interface with an application menu and a desktop just like Windows. Additionally, it provides for the dragging of windows. Its biggest downside is tying users down to the Chrome browser. Also, its apps only work when hooked to the internet. For instance, you have to connect to Google Docs to edit word documents.
The most attractive attribute of Chromebooks is the laptop price. Buy laptop computers of this kind if you want to browse the internet, check mail, and use social media. Importantly, this category includes mini-laptops with good battery life. Mostly, they are listed among laptop deals for students. The following are examples of Chromebooks.
There are many types of laptops based on the price level, size, and functionality. If you are looking for laptop deals, you should pay attention to the price. Otherwise, you should be more concerned with the size and functionality.
Entry-Level Vs. Mainstream Vs. Premium Laptops
The type of laptop you buy depends on the usage level where you are. For instance, you could be an entry-level buyer or student. Or, you may want a laptop that puts you in the mainstream. If you have money to spare, then buying a premium laptop is the way to go.
1. What Is An Entry-Level Laptop?
Entry-level laptops are available at $600 or less. Manufacturers have to compromise on key features to offer laptops at such low prices. For example, most entry-level laptops lack large RAM and powerful processors. As a result, they cannot act as fully-fledged gaming laptops. However, they are great for internet browsing, word processing, and other basic tasks.
Mainstream laptops are costlier than their entry-level counterparts. Therefore, they pack the best features when it comes to hardware and software capabilities. However, at a price ranging from $600 to $1,000, a premium laptop computer isn’t the best functionally.
For instance, they may not have the super-charged graphics chips in their premium counterparts. However, this category has the largest variety when it comes to laptop brands. Some of the features of laptop computers in this category include:
If you no longer care about laptop deals, the right category for you is this. Characteristically, a premium laptop is one that packs all the features for which you are looking. Compared to the other two types, these laptops are very powerful. They may have the following characteristics:
The longer battery life of one day or more
Larger storage, usually SSD
Larger screens and display resolution
Premium built quality
Dolby Audio speakers for gaming
You can buy laptop computers in this category if you are ready to spend more than $1,000. With that, you get the best possible laptop you can buy anywhere. Besides, this category contains a wide variety of computer laptops. Therefore, it is possible to choose one that meets all your needs.
Do you need a two-in-one or convertible laptop? Or, would an Ultrabook serve you better? That is a question to which you must find an answer. Otherwise, it will be difficult for you to buy laptop computers of the right kind.
What’s A Two-In-One Laptop?
A two-in-one or convertible is one that can function both as a laptop and tablet. As such, it falls in the touchscreen laptop category. The construction of a two-in-one laptop may come in any of the following forms:
One in which the keyboard folds behind the screen to form a tablet. Conversely, you can unfold the keyboard to use the device like a laptop.
A two-in-one laptop may also have a completely detachable keyboard. Therefore, detaching it will create a tablet, and re-attaching it will give you a laptop.
Convertible laptops usually feature smaller screens of 13 inches or less. However, they are more versatile when it comes to functionality. The main drawbacks of convertible laptops include high prices and heavier weight. If you must buy laptop computers in this category, consider whether you like it more as a laptop or tablet. That’s because some devices could be better laptops than tablets, and vice versa.
What Is An Ultrabook?
An Ultrabook is an ultra-light, portable laptop that was aptly named so by Intel. Additionally, they are powerful and rely on Intel core processors and SSD storage. Instead of metallic finishes, Ultrabook features clamshell bodies. They are the best laptops for students and office workers looking for a machine they can use on-the-go.
Business Laptops Vs. Gaming Laptops
In this category, we discuss laptops in terms of their functions. You have to decide whether you want a business laptop or a gaming laptop.
What is a business laptop?
Simply, a business laptop is one that’s designed to serve various functions in business—for example, laptop computers with the professional version of Windows 10. You can buy laptop computers in this category if you are a writer, graphic designer, photographer, or videographer.
Business laptops usually pack a lot of attractive features, including the following:
A powerful processor, usually Intel Dual Core
The large SSD storage capacity of at least 1TB
Large-capacity RAM (random access memory) of 16GB or more
Availability of USB and HDMI ports
Powerful graphics cards
High-resolution usually display full-HD
Wireless connectivity in terms of Bluetooth and Wi-Fi
A gaming laptop is one that you buy to use specifically for playing games. For that reason, it is usually a powerful machine that provides the highest possible performance. Gaming laptops should have the following characteristics:
Top-notch graphics cards usually like NVIDIA, ATi Mobility FireGL V3200, ATi Mobility Radeon 9700, and Intel Graphics Media.
High-capacity RAM of 16GB or more
A high-speed processor, usually Intel Core 2 Duo and 2GHz or more
High-resolution display, usually 17 inches
A high-capacity hard drive to store your favorite games
Powerful speakers with great sound quality
A backlit keyboard
Wi-Fi and Bluetooth connectivity
Several ports including USB, Ethernet, and HDMI
Gaming laptops usually fall in the premium category. For that reason, the price can be forbidding. Also, they weigh more than their business counterparts. Another drawback is the battery draining high-resolution display. Therefore, you should expect a longer battery life from a gaming laptop. Examples include the Acer Predator Helios 300 Gaming Laptop, and Razer Blade 15 Gaming Laptop.
The Hardware Aspects of a Laptop
A laptop computer consists of the hardware and the software. Hardware refers to the components that make the physical part of the laptop. Because of it, a laptop can either be less powerful or more powerful. As such, laptops with better hardware are usually more expensive.
If you want a machine for business or gaming, then buy laptop computers with top-notch hardware. However, basic tasks like word processing and internet surfing do not require powerful laptop hardware. The following are some of the most important hardware components of a laptop.
1. What Processor or CPU Is the Best?
The central processing unit (CPU) is the engine of the computer. Consequently, it carries out most processes happening inside the laptop. It opens files, loads software, and so on. Better processors can quickly process more data and run demanding programs such as games.
One of the leading manufacturers of processors is Intel. In its stable, there are Core i3, Core i5, Core i7, and Core i9 processors. The strength processor will increase as you move from Core i3 to Core i9. In that case, the most powerful laptop is one with a Core i9 processor. For each of these processors, there are many generations, the latest being the 10th generation.
2. What Graphics Should A Laptop Have?
In a laptop, the graphics card determines the quality of the image it can display. Mostly, laptops brands integrate the graphics card on the motherboard of the machine. Therefore, it may not be possible for you to do an upgrade.
Graphics cards are available in different classes – from class one to class five. Class one processors are the latest and most powerful. In this class, you will find examples such as the NVIDIA Quadro RTX 6000 for high-end laptops. Class five graphics cards have been around for more than ten years—for example, NVIDIA GeForce4 4200 Go, which is more than eighteen years old.
3. Is Random Access Memory (RAM) Important?
The Random Access Memory (RAM) is what a laptop needs to store information for immediate access. Modern laptops may have RAM ranging from 4GB to 68GB. In that case, the higher the RAM, the more the information a computer can hold temporarily.
Also, the size of the RAM may determine the function to which you can put a laptop. Laptop computers with smaller RAM can only perform basic word processing and internet surfing. However, those on the higher end can act as gaming laptops.
4. Does a Laptop’s Audio Quality Matter?
Yes. Before you buy laptop computers in any category, you should check the audio quality. If you don’t, you may end up requiring a wireless speaker. When it comes to audio quality, cheaper laptops tend to be poorer than their high-end counterparts. For that reason, the latter is the best gaming laptop on the market.
5. How Much Storage Capacity Should A Laptop Have?
The storage space refers to the total capacity of a laptop to hold data. For instance, it is the place where you store programs, documents, pictures, music, and videos. Usually, the storage is the internal drive of the laptop.
Storage can be in the form of a Hard Disk Drive (HDD) or a Solid State Drive (SSD). In that case, HDD is the old form of storage. It consists of movable parts and takes time to load files and programs. On the other hand, SSD exists in solid form and can load files and programs more quickly. You may want to consider that as you buy laptop computers of different types.
6. Does a Touchscreen Matter?
Several years since the introduction of the touchscreen, it is now available on different types of laptop computers. For that matter, you may want to buy a touchscreen laptop. Good enough, most laptop brands have models with that important feature. Most of them feature either Windows 10 or Chrome OS. The two operating systems provide user interfaces that are perfect for a touchscreen.
7. How Many Ports Should A Laptop Have?
Laptops feature several ports that help to enhance their functionalist – for example, USB, HDMI, VGA, auxiliary ports. Each of these ports serves a purpose that makes the user experience better.
USB ports can be of different types—for example, USB Type-A, which the oldest technology. Newer laptops feature USB Type-C, which can transfer high amounts of data at once. Also, USB Type-C ports can charge devices and transfer high-definition video. Even better, you may want a laptop with Thunderbolt 3 (the latest version of USB Type-C).
Could you be in search of the best laptop deals? That’s a question you must answer before you go to buy laptop computers of various kinds. Depending on the month, you are likely to come across various online laptops for sale sections. At that time, you are likely to get a drastically reduced laptop price.
Watch out for the back-to-school season in august, black Friday in November, and several months following a big release. Also, several retailers usually offer clearance sales at designated times of the year. Or, you could take advantage of in-mail coupons from online retailers.
Best Bluetooth speakers usually pack more in terms of portability, functionality, and sound quality. They are a type of wireless speakers that rely on Bluetooth connectivity. For that reason, they can music from minute electronic equipment like smartphones, laptops, and tablets. But knowing its benefits is very different from choosing the right loudspeaker. In this write-up, we have reviewed seven of the best speakers with Bluetooth connectivity. Read on for more information.
Ultimate Ears is one of the leading manufacturers of Bluetooth speakers. On February 19, 2020, the company released the Boom 3 speakers as an improvement of previous versions of the same.
It is a compact Bluetooth speaker that measures 2.87 by 7.24 by 2.87. Therefore, you can carry it with you in your laptop bag to any location and listen to good music.
The 360-degree speaker is great for small rooms where you want a good sound quality. It connects to all kinds of Bluetooth electronics regardless of the manufacturer or operating system.
The loudspeaker comes with a rechargeable lithium-polymer battery, which stores power for a considerably long time. Only that you need to buy a compatible charging dock from Ultimate Ears, that isn’t a problem, is it?
The JBL Flip 5 offers significant improvements in the features of previous Bluetooth speaker models from the same brand. For example, the driver size is now 44mm from 40mm, the power output 20W from 16W, and the battery life 4800mAh from 3000mAh.
To manufacture this loudspeaker, JBL has maintained the waterproof and multi-speaker pairing features. So, you get the same old JBL wireless speakers with a new USB-C quick charge option.
It is one of the best Bluetooth speakers, given the 3.5mm stereo capability that gives premium sound quality. With a battery life of up to 12 hours, you and your friends can enjoy your favorite songs until the party ends.
The exterior of the speaker has a durable rubber and fabric material. Because of that, it can keep the speaker safe from accidental falls and knocks. Importantly, you get to pick the speaker you want from an array of colors provided by the manufacturer.
Bose has mastered the manufacture of wireless speakers that pack quite a lot in terms of connectivity options. On this particular Bluetooth speakers, they have outdone themselves. In addition to Bluetooth, the speakers also feature connectivity via Wi-Fi, AirPlay 2, and USB.
It is one of the most portable speakers, given the included grab handle. You can simply pick up and transfer it to a different room – no need for a carrier bag. If you are going to the outdoors, the 12-hour rechargeable battery promises to provide excellent performance.
When it comes to durability, this is one of the best Bluetooth speakers around. In simple terms, it has a rugged, durable frame and an IPx4 waterproof rating. Because of that, it should last for a long time.
One of the defining features of this particular speaker is its compatibility with Alexa and Google Assistant. Also, it is a must-have AirPlay speaker, given its compatibility with AirPlay 2. It is the perfect companion you those who listen to online radio stations. Similarly, it will serve you is you stream music from Amazon Music, Pandora, and Spotify.
One of the best Bluetooth speakers online is the Sonos Move. When it comes to brilliant sound quality, the wireless speaker stands out from the rest. It is a must-have loudspeaker for those looking for a durable device with long battery life.
Past users of this speaker love it because of its compatibility with Airplay 2 and Wi-Fi. For example, you can add the speaker to your home Wi-Fi system and stream via Bluetooth when offline. While at it, you can control other home smart devices through Amazon Alexa and Google Assistant.
Although it is relatively compact, the speaker provides incredibly rich bass, no matter the environment. Incidentally, the Bluetooth speakers have an automatic True-play function, which adjusts the sound to the environment.
The Sonos Move is both an indoor speaker and an outdoor speaker. It thrives on the up to 10 hours of battery life to provide that kind of portability. With its IP56 weatherproof rating, it can withstand rain, UV-rays, dust, snow, extreme heat, salt spray, and cold.
Streams from various types of electronic equipment
Reasons Not to Buy
No rewind button
Battery life diminishes at full volume
No batter indicator on phone or tablet
The best Bluetooth speakers provide incredibly high-quality sound despite their compact sizes. If that’s important to you, then the Ultimate Ears WONDERBOOM 2 is all you need. It plays music at an impressive 360 degrees. Also, it provides extra bass to spice it up.
It comes with 13-hour battery life. Therefore, it can keep playing music until you return from your trip to the beach. Selecting songs and controlling volume on this loudspeaker is extremely easy. For instance, you could use the built-in controls of the app on your phone.
I found this speaker to be incredibly useful when it comes to withstanding harsh weather. The manufacturers say it has an IP67 weatherproof rating, which is surprisingly believable.
It is possible to pair two Ultimate Ears WONDERBOOM 2 speakers for a stereo music experience. With its rugged frame, the speaker is capable of withstanding accidental drops and knocks. Therefore, you can comfortably carry it with you on your next adventure.
The Bose Soundlink is a mini wireless speaker that delivers a great natural sound. Additionally, it has an incredibly more in-depth base than expected. It is a must-have Bluetooth speaker for those who want to quickly take wireless calls (thanks to the handy built-in microphone).
With a weight of only 1.5 pounds, the compact loudspeaker is exceptionally portable. In effect, you can easily pack it in your laptop bag and us it on the go. That’s one of the features that define the best Bluetooth speakers.
The low-profile speaker remains stable and cannot tip over no matter where you place it. For the outdoor freaks, the speaker provides an adequate battery life of up to 10 hours. Once you return to the house, you can continue listening to music as you recharge it.
The wireless speaker is compatible with virtually all Bluetooth electronics, whether smartphones, tablets, or tablets. Once you pair it with a device, it will store it into its memory for up to eight electronic devices.
Having the best wireless speaker is necessary when hosting a small party in your home. For that reason, you will appreciate the 360-degree Anker Soundcore Flare. Two years ago, leading technology writers categorized as one of the best Bluetooth speakers on a budget, and they were wrong.
When it comes to sound quality, this speaker stands out for the proprietary BaaUP technology. Because of that, it enhances the bass after carrying out an intuitive analysis of the environment. Even better, it intensifies the sound via the revolutionary neodymium drivers.
Turn small gatherings into lively parties with the state-of-the-art LED lights that dance to the music. Additionally, the Bluetooth speaker has five customizable modes that help you choose an appropriate sound quality.
Did you know that this is one of the few Bluetooth speakers that you can use in pairs? Surely, you’ve got no reason not to desire the stereo capabilities of these speakers! Importantly, it has an IP67 weatherproof rating, which makes it great for the outdoors.
Best Bluetooth Speakers – Buying Guide
Best Bluetooth speakers make it possible for you to listen to share your musical experience with friends. Even better, you no longer need a hi-fi music system to get the best sound. It is possible to play music from a smartphone, tablet, laptop, and so on.
With the wide selection of Bluetooth speakers on the market, it can be difficult for you to choose the right one. Apart from their Bluetooth capabilities, the speakers have other features to which you must pay attention. After all, speakers aren’t the same when it comes to the quality of construction and performance. Luckily, I have put together a comprehensive buying guide for Bluetooth speakers. Read on for move.
How Do Bluetooth Speakers Work?
From the name, Bluetooth speakers stream music from different electronic equipment using Bluetooth connectivity. Inside, the device has a speaker, tweeters, an amplifier, and sound drivers. In addition to Bluetooth, some of them could connect via Wi-Fi, USB, auxiliary, coaxial, or AirPlay.
Once you turn on a Bluetooth speaker, it will connect to the mother device and start playing music. It doesn’t require an app or lengthy setup procedures. Very few Bluetooth speaker models allow for pairing on one source of music.
How to Buy the Best Bluetooth Speaker
Are you looking to buy Bluetooth speakers online? First, you have to decide the purpose for buying it. For instance, you may want to use the speaker at home or in the outdoors. Or, the speaker could be for carrying around in your laptop bag as you move from one place to another. In that case, the best Bluetooth speakers for the home may not serve you while on-the-go.
Here are several factors to consider when choosing a speaker with Bluetooth capability:
1. Best Bluetooth Speakers – Power
Check the power rating of the speaker you intend to buy. Usually, it is stated in watts. However, some manufacturers of Bluetooth speakers do not explicitly display the power rating. In a small room, the power rating doesn’t have to be too high. On the contrary, larger rooms require more powerful speakers.
2. Best Bluetooth Speakers – Size
You have to choose the right size for a Bluetooth speaker. As such, you may want a small cylindrical or conical ones suitable for use on-the-move. Alternatively, you may go for a larger speaker with high sound quality. Larger Bluetooth speakers can take on a cylindrical or rectangular shape. In addition to high audio quality, they have longer battery life.
3. Best Bluetooth Speakers – Style
One of the defining features of a good Bluetooth speaker is its style. In simple terms, style is the aesthetic appeal provided by the speaker. Does it have a good look? Does the style meet your needs? Always go for one that suits you.
4. Best Bluetooth Speakers – Audio Quality
In addition to the convenience of Bluetooth connectivity, the speaker should produce a sound of the highest quality. You can gauge the quality of the speaker by checking its harmonic distortion. Usually, that’s in percentage and should be as low as possible. However, some speaker manufacturers do not specify the harmonic distortion. As such, you must listen to them to gauge the sound quality.
Additionally, you should check out the frequency response, which varies from one device to another. It is measured in hertz and could anything like 100Hz to 20 kHz. In this example, 100HZ represents the lowest frequency and 20 kHz the highest. Before you buy a Bluetooth speaker online, always check the most economical rate – it is the most important.
5. Best Bluetooth Speakers – Battery Life
Most Bluetooth speakers have a rechargeable battery – either lithium-ion or lithium polymer. Make sure the battery can last for long to enable you to enjoy your music. Most of the time, smaller speakers have tiny cells compared to the larger ones. Thus, the battery life in smaller speakers may range from 4 hours to 10 hours. However, more prominent Bluetooth speakers may run for up to 24 hours.
Remember that the battery life also depends on the volume at which you play it. At higher volumes, the speaker would drain power from the battery at a very high rate. For that reason, you should always ensure that the battery is larger and more powerful.
6. Best Bluetooth Speakers – Can You Make Calls?
Several Bluetooth speaker models allow users to take calls and continue listening to music. Therefore, you should have that critical feature on top of your list. In addition to speakers, they have microphones to capture your voice. However, this feature works better for desktop speakers – not the larger models.
7. Best Bluetooth Speakers – Other Input Types
Why is it necessary for a Bluetooth speaker to have wired connectivity? Well, you may want to play music from older devices such as iPod classic, which doesn’t have Bluetooth connectivity. Check if it can connect via USB, auxiliary, or coaxial cables. Also, having Wi-Fi connectivity is very vital.
8. Best Bluetooth Speakers – Multiple Speaker Connection
Did you know that you can quickly turn your devices into stereo speakers? That’s as long as you can connect two or more speakers. This feature can significantly enhance the sound quality and give you a more immersive experience.
9. Best Bluetooth Speakers – the Bluetooth Version
Bluetooth isn’t a static technology – it keeps changing with improvements springing up every day. Since its release more than a decade ago, it has grown from Bluetooth version 1 to Bluetooth 5. So, which version of Bluetooth is the best? We recommend anything from Bluetooth 2.1 and above. Of course, you will see the rating right there on the speakers.
10. Best Bluetooth Speakers – The Weatherproof Rating
One of the most significant advantages of Bluetooth speakers is the portability they provide. With that, you can use them both indoors and outdoors. It helps if a loudspeaker – especially those meant for the outdoors – has a higher weatherproof rating. You can easily carry it to the outdoors to entertain your friends during a pool-side party.
Have you found a Bluetooth loudspeaker you want to buy? From the reviews above, we recommend the Bose Portable Smart Speaker. Clearly, it is the best Bluetooth speaker, given that it also doubles up as a smart speaker. It has various connectivity options, including Wi-Fi, USB, and AirPlay 2. Also, its sound quality is out of this world. Why don’t you go ahead and buy it?
COVID-19 remains the biggest news item of 2020. Across the world, the number of people infected continued to rise. Nearly half a million people have died from the disease, since it first sprang up in December 2019.
Scientists are frantically trying to study and understand the nature of the novel coronavirus. One of the main areas of focus concerns how human immunity responds to the virus and whether those who have been exposed to it and recovered can be considered resistant to COVID-19.
COVID-19 New Study
According to a new study published in Nature Medicine, the levels of antibodies in asymptomatic patients tend to drop significantly two months after discharge from the hospital. It is not clear if that means the subjects can be re-infected. However, it points out the need to study long-term immunity due to the development of antibodies.
The subjects of the research were 37 asymptomatic COVID-19 patients in Wanzhou District, China. The control group was composed of 37 symptomatic individuals of the same age and sex. After detecting the asymptomatic cases through contact tracing, the researchers had them quarantined until they were COVID-19-free. They then tracked all the subjects for eight weeks after discharge from either the quarantine centers or hospital.
By design, the researchers measured two types of antibodies – neutralizing antibodies and immunoglobulin G (IgG). They found significant drops in blood levels of IgG for both the asymptomatic and symptomatic cases over eight weeks after being discharged from the hospital. In asymptomatic cases, IgG levels dropped by 71.1 percent while that of symptomatic cases dropped by 76.2 percent.
More significantly, asymptomatic cases had lower levels of IgG than their symptomatic counterparts at all the phases of COVID-19. By the eighth week, 40 percent of the asymptomatic cases had no traces of IgG in their blood.
Even though neutralizing antibodies dropped in both the asymptomatic and symptomatic cases, there was a significant amount at week eight. While asymptomatic cases have neutralizing antibodies drop by 8.3 percent, their symptomatic counterparts had a drop of up to 11.7 percent.
However, it is not clear if the data indicates the possibility of re-infection with COVID-19 months after developing antibodies. London-based scientist Liam Smeeth says there is need for large-scale and long-term studies to inform policies to do with social distancing.
Players in the forex market often have to grapple with all sorts of different terminologies. If you are a newbie, you may not have a good understanding of the term ‘forex signals’. Yet, forex signals could make your trading easier and more profitable. No need to worry. In this article, it’s our intention to explain what forex signals are and their significance in forex trading. We will show you how to apply them and why they are necessary. In the end, you should be in a position to choose the best forex signals and use them when trading.
What Are Forex Signals?
Forex signals are basically trade ideas meant to show the direction of the market in real-time. They are generated by human analysts, trading robot or trading software. Signals usually contain key information to help traders enter a solid trade on a given currency pair, while bearing in mind the time and price. They may include the type of position (sell or buy), stop loss, and take profit levels. Since they run in real-time,forex signals come with different notification methods including email,RSS, websites, Twitter or SMS. Apart from forex pairs, signals are available for cryptocurrencies, commodities, and indices.
Types of Forex Signals
There are two types of forex signals depending on their function and how they generally work. They include manual forex signals and automated forex signals. While each of these signal types have their own benefits, they work better when used at the same time. It is possible to buy both the manual and automatic signals online. The best are those that offer free trials. We discuss each one of them in greater detail below:
1. Manual Forex Signals
Manual forex signals involve a trader searching on his or her computer for signals to decide whether to sell or buy a given currency pair. As such, getting manual forex signals can take a long time sitting in front of a computer. Because of their nature, these kind of signals are mainly used in manual trading.
In their own unique way, this kind of signals are better, given the human ability to notice when things are moving awkwardly or unpredictably. It is, therefore, much easier to pull out of trades before things go really wrong. A trader is able to use his skills, experience, and intuition as opposed to programmed automated systems.
2. Automated Forex Signals
To access automated foreign exchange signals, all a trader needs to do is to command a computer software to look for certain signals. Here, the trader doesn’t have to apply himself or herself mentally and psychologically. It is up to the software to automatically interpret the options to pick (whether to sell or buy) a currency. If you are using an optimally-designed program, this will definitely work.
Apart from software that can be commanded by human beings, forex trading bots may also come in handy. The bots have the ability to process huge amounts of data within a very short time. Also, they make it possible for one to manage multiple currency pairs at the same time.
These computer systems have the ability of presenting all kinds of charts for the trader’s consumption on a 24/7 basis. Unlike humans who may get tired to follow up on the minute details, bots are unlikely to miss any important signals.
Types of Forex Signals Services
To reiterate, most traders (whether experienced or newbies) need help to succeed in the forex market. There are a number of forex signals service that remove the need for having to exercise your mind to make trading decisions. It could be anything from the human-generated manual forex signals to the automated variety. Regardless of the type of forex signals you are referring to, they are likely to be paid or free services. We delve into that deeper.
1. Paid Forex Signals Services
Paid signal services could be generated through the efforts of a human analyst or those done by bots and computer systems. Additionally, paid signals may also be sourced from various systems or software working in tandem with bots of various types. As a trader, you can choose among any of these options.
Regardless of the forex signals services you choose, all of them have features that run across. Characteristically, most paid forex signals services offer account management. You can access assistance with forex signal analysis together with supporting graphs for further interpretation. In addition to educational resources, most are likely to have a free trial period. You also get to interact with the provider in comments and special forums.
It is good to be careful when picking a paid provider, given that some provide unreliable and fake forex signals. To avoid losing your money unnecessarily, it is important to do some research before subscribing to a signals service.
Paid forex signals services may exist in any of the following forms:
Since they are high-end in nature, investor services are expensive. They usually operates as investment house or fund management services. Apart from having very high minimum requirements to join the service, they require to invest some money for a specified period so as to earn periodical returns. If you have something like $50,000 to invest, then this is the kind of service to subscribe to. Before you enroll for such a service, pay close attention to the fees, returns, and any available guarantees.
If you are a retail trader, this is the kind of signals provider you may want to work with. They charge fees on a monthly, quarterly or performance-based. The amount will depend on the level of services offered. You will be able to get the signals from a dashboard including the sell or buy price. Additionally a signals provider can execute trades for you in a timely way. When looking for a signals provider, be careful to choose one with a proven track record with a clear indication of volatility.
The other name for copy trading is mirror trading or social trading. It allows you to copy the actions of the more successful traders and try to replicate their every moves in the hope of making a profit. This is not a free service, given that you have to pay a small fee for it. Based on the platform you are using, copy trading can be manual or virtually hands-free. Once you have set aside the amount to invest, the trading platform will do the rest for you.
Are MQL Signals Any Good?
MQL signals are a form of copy trading available on the Meta Trader 4 (MT4)platform. With these signals, traders can copy trades made by FX signal suppliers right there on the MT4 trading platform. In addition,experienced traders can share signals with other users inside the community.
Given that MT4 is the most widely used trading platform, these signals are accessible to all online traders. In each and every MT4 account, there is the tab ‘Signals’ which you can turn on after signing up to the MQL5 community. Every time you log into your MT4 account, you will get easy-to-use forex signals. You can follow these and use them when making trades.
Since this is copy or social trading, it is necessary to get authorization before using the signals. Once that’s done, you can go to your trading account and make use of them. Unlike other sources, social trading makes it possible for traders to get accurate forex signals. Great savings are made in terms of fees and the risk diversified. MQL works very well if you have your own expert advisor.
Apart from having an expert advisor, you may opt to follow a trader who you consider experienced and trustworthy. On the MT4 platform, the decision to follow another trader does not mean you have surrendered the control of your account to someone else. In fact, the sign in credentials remain your hands.
Since MQL signals are by their nature automated, they come with a number of benefits to the traders including the following:
1.Quick Building of Trading Strategy
There’s no need to waste a lot of time trying to build a trading strategy. Once you have picked a trader to follow, the trading platform will be able to ape every one of their actions on your behalf.
Traders save a great deal of time since they do not have to manually place trades and monitor happenings in different markets.
Ability to diversify risk more objectively. Through social trading, you can select a number of forex strategy providers. By diversifying strategy providers, you are able to spread out the risk.
You will have access to choose supplementary strategies in addition to your current Expert Advisor. All you have to do is pick any of the automated forex signals.
5. Saving on fees
A major advantage of social trading is that it costs less than the other paid-for money management services.
6.No Barriers to Entry
Limited barriers to entry. With this option you do not need to pay have a minimum amount in your account to start. For as long as you have a MT4 account, you can start out getting forex signals through social trading.
With social trading, you get to totally avoid boring paperwork. As such, you don’t have to authorize anyone to sign on your behalf.
8.Firm Control on Your Account
Having firm control on your account. One thing traders should know about MQL accounts is that they are opened in the trader’s name. That means every trader have firm control on what happens with your account.
Traders are well protected. Once you have picked a trader to follow,you can choose the amount you want to place on their strategy. Where necessary, MT4 allows you to place a stop-loss on your account just in case the strategy doesn’t perform as expected.
10.Sharing With Other Traders
Once your strategies begin to work, you can share them with other traders on the MT4 trading platform. Just because social trading is open to anyone with an MT4 account can engage in social trading does not mean you pick just about any signals provider. It is important to assess a signals provider by carefully assessing their profile. To know if you are dealing with a professional or not, the following are some of the things to look at:
The signals provider has a real trading account.
Also consider the number of trades they have done so far. From their track record, you can know if the trader is worth emulating.
The trader should essentially have a minimal drawdown, preferably less than 30 percent.
Steady growth. A trader who has been in the business for the longest time should be able to show what they have done over the years. If the growth is drastic, the provider’s way of trading might be too risky to emulate.
It the signals provided are paid-for, then they are likely to be more authentic than the free ones.
What Are Free Forex Signals And How Do They Work?
In addition to the paid-for forex signals, there are free versions that you can take advantage of. Providers of free forex signals may send them via email, SMS, and posts in online forums. The signals state whether it’s intended for a long (buy) or short (sell) move. Together with the currency pair, the signals may also contain the price at which it is being offered.
Some free forex signals may feature the order type such as limit order (LO), pending order (PO), and market order (MO). However, these signals are not uniform and may vary depending on the provider and the broker’s platform. Some may have two abbreviations and quotations after the starting line. For example, BUY EUR/USD @ 1.2565 and SL @ 1.2545, TP @ 1.2595, which essentially implies the stop-loss (SP) is 20 pips away and TP 30 pips away from the price.
There are some forex signals which have the abbreviation TS at the end. However, only a few brokers and platforms support orders of this kind. In forex trading, TS is the short form of trailing stop. Even though a nice feature, not all traders can use trailing stops. What it does is to give traders greater flexibility.
Sources of Free Forex Signals
Did you know that you can source free FX signals online? A simple Google search will reveal numerous websites dedicated to this kind of service. If you check on social media, you can find lots of shared information on the available signals. No matter where you find them, these signals are likely to be sent out by traders, affiliates, and scammers.
There are a number of forex traders who have no problem sharing their ideas of great trading strategies with their acquaintances and friends. Most of them want to build a reputation as a good trader, help other people, and enable trading platforms to support newbie traders. One of the most popular forums where traders share free FX signals is Forex Factory. After doing an analysis on their own, traders can get reliable trading strategies, which they can then share with others.
Although not as reliable and trustworthy as traders, affiliates are another source of free forex trading signals. To get signals, all you need to do is to open a trading account with a broker via an affiliate link. While the affiliates will keep making a commission on all your trades, the FX signals will be available free of charge. Since affiliates may have no time to trade and at the same time dabbling in an affiliate program, they aren’t very reliable. So, you shouldn’t fully trust signals from affiliates even though they are better than having to come up with your own strategies. If they have a demo account, you can use it to test the free FX trading signals.
Apart from being very unreliable, scammers only want to make affiliate commissions from traders. Some only want you to buy “free” signals. They are likely to entice you with a few free signals so that you can start purchasing premium signals. Once you sign up for the free FX signals, you will keep receiving additional signals for sale. Through their trickery, scammers may provide ‘buy’ orders to some and ‘sell’ orders to others. Once the scammer splits the audience into two, he or she is assured of making a profit from one group even if the other is making losses.
Should You Or Should You Not Use Free FX Signals?
If you are a new trader, the temptation of using any FX signals you find online can be overwhelming. However, you shouldn’t pick just any signals. Online forex trading works well when you get to master how it works. But they will take you long hours and lots of hard work. The fact that you have the most profitable FX signals doesn’t mean you are becoming a master of online forex trading. What’s happening is that you are fully dependent on another person.
Of course, you will get returns albeit short-lived. When you come to think of it, this is not the same as charting your own long-term journey in forex trading. By performing the trades yourself, you are by extension taking time to learn the workings of the forex market. If you must get free FX signals online, you are better off looking in forums. It is best to work with traders who are experienced and have a proven trading history of more than 6 months.
Don’t trust anyone that promises results without showing what they have done previously. A trusted signals provider has nothing to hide and will be very glad to share his or her history with you. Besides, it is possible to verify signals by checking out the trader’s history through their MT4 account. You can find such information on forums such as MyFXBooks.
How to Pick the Best Forex Trading Signals Provider
Given the many options available, settling on one FX signals provider can be a daunting task. That’s why traders are advised to take time and research certain aspects of the signals provider. The following are some of the things you should look out for:
1. The profitability of the Signals
If the signals have no profit potential, why should you use them? Don’t be fooled by the claims made by certain traders about catching thousands of pips in a month. Check out their track record. Not that profits can be guaranteed. Rather, they are risky ventures which may result in losses. According to industry experts, the higher the reward-to-risk ratio, the more profitable it is.
2. Verified Trading Results
A trustworthy signals provider should have no problem showing you his or her verified results from the previous trading. It’s only with a verified track record that you will be able to know whether the trader’s claimed performance is real. These results should be verified by an entity like ForexFactory, FX Blue, MyFXBook, and so on.
3. Signals with Charts and Comments
A good provider of forex signals should include charts and comments. It is not enough to send the entry price, take-profit level, and stop-loss level. Traders need high-quality forex trading signals complete with charts and comments so as to be sure why they are taking a short or long position. Because of the way this information gives insight into the workings of the market, it is easier for you to learn your ropes.
4. Availability of a Free Trial
If the signals provider is transparent, he or she should have the option of a free trial for traders. During the free trial period, traders get the opportunity to check out the quality of the forex signals. After that, you can choose if you want to go ahead with the subscription. It doesn’t matter how long the free trial period is. What’s important is that they help you know the signals provider better.
5. Whether You Use the Same Broker
An important consideration is that you and the signals provider must of necessity be trading through the same broker. With that, you won’t have to worry about the execution speed or your profits being affected by the spreads and slippage. When you use different brokers, you are likely not to hit your targets.
6. Whether You Need Automated Signals
Whether you pick a signals provider who emails you the signals or one whose processes are fully automated is a personal choice. If you have an MT4 trading account, you can make use of Expert Advisors, which work automatically. Despite the type of signals you choose, stay fully in control of the risks and possible equity.
Clearly, forex trading signals are important for both the seasoned and newbie traders. You can get these signals from paid-for providers as well as the free ones. Among the paid ones, we have those which require you to open an account with a high minimum balance. The rest are nearly free. If you must use forex signals, know where to find them. But as you use them, also learn the intricacies of forex trading. Nothing is as fulfilling as being able to do some things on your own.
The forex market has grown so big in the last decade that websites have emerged to connect traders and help them make sizeable profits.One of these websites is the Forex Factory. It is a forum where traders take advantage of several features to enjoy a more fulfilling trading experience. Forex Factory was launched in 2004 with unique features that help traders to perfectly time their trades. As such, it has features such as Forex Factory News and Forex Factory Calendar to help traders make timely trading decisions.
Their website is a great tool for both the experienced and newbie forex traders. Its popularity emanates from the fact that it provides members with the market intelligence they cannot find elsewhere. The website has a forum when traders can place their reviews and help others make better trading decisions. With the information sourced from this site, traders stay ahead of the pack with great investment strategies with guaranteed profitability.
However, some online reviews have cautioned traders against scammers who could prey on them on the Forex Factory website. Thus, traders have to be careful not to end up losing their hard-earned cash. In this write-up, we delve into the features of Forex Factory that are bound to make your FX trading experience profitable.
Why Do People Love Forex Factory?
When it comes to presenting content in a simple, uncomplicated manner, the Forex Factory truly stands out. The designers of ForexFactory.com understands that it is not having great content but how you present it to the users that really matters. By and large, Forex Factory delivers quality in an intuitive easy-to-understand way.
Traders like it that way. When they are able to get quality without having to sacrifice on elements of design, the user experience is heightened. The website is geared towards making it easier for forex traders. Getting all the necessary details is possible within no time. Some online reviews consider it the easiest to navigate and most accessible forex-oriented website. It is possible to access troves of information without the fear of making unnecessary errors. With this information, it is possible to improve your ability to trade and make greater gains.
When it comes to the user interface, the website has easy-to-master operation procedures. It is easy to trade and authenticate market news before using them to trade. Using the navigation tool, you can easily move between tabs without much of a hassle. The website has quick hyperlinks to give you access to the latest information first.
Despite having been in business since 2004, ForexFactory.com continues to be responsive to the growing needs of forex traders worldwide. Every year, they keep introducing fresh elements to make the trading experience even better. Right from the home page, you will get all kinds of data and information concerning exchange rates, latest news, and updates.
Features of Forex Factory and How They Work
The best way to gauge Forex Factory is to critically analyze its key features and how each one of them plays a role in helping you to make more profits. The following are the features that define ForexFactory.com as a forex website:
1. Forex Factory Forums
Forex Factory forums are one of the best features of this website. The forum is full of activity with various traders making contributions to the conversations. World over, this could be the most active forum with huge numbers, a variety of topics, and in-depth discussions. On this platform, you have the opportunity to become more knowledgeable when it comes to forex trading.
It is estimated that ForexFactory.com forums have audiences from all over the world. The forums bring together traders from all over the world making the information available current and in conformity to prevailing market trends. Apart from being interactive, Forex Factory provides very useful lessons on forex trading.
If you are looking for solutions to trading issues, this is the forum to join. You don’t have to be an active participant on the forum. By following the discussion thread which runs on a 24/7 basis, you will learn a lot from your fellow traders. For solutions to specific trading issues, all that’s required is to search for a particular topic.
For newbie forex traders, the forex factory forum has information geared towards sharpening their trading skills to make then professionals within the shortest time possible. To enable ease-of-access to information, the forums are classified as Rookie Talk, Broker Discussion,Trading Systems, Interactive Trading, and so on. All it takes to get specific information is to join any of the specialized forums to interact with like-minded traders.
2. Forex Factory Calendar
Forex Factory Calendar is one of the most popular features for traders on this website. With the help of this feature, traders are able to maximize their profits. According to most of the online reviews by Forex Factory users, the calendar is the biggest reason they sign-up on this website. This is hardly your regular calendar. Rather, it is a comprehensive economic calendar that provides you a lot of useful information.
Due to its innovative nature, the calendar is hailed by some reviewers as one that has altered existing financial and economic calendars. Some of the unique elements of Forex Factory Calendar include impact ratings,adjustable time zones, economic charts, real-time data release, links to sources of events, and dates of important economic data.
Add to that relevant filters and a detailed viewing chart and you have a tool that can make your trading very efficient. It gives you to access timely news which you can filter according to topical relevance.
Given that markets react to news of economic and other environmental issues, it is necessary to have such information. It impacts movements in the money market and can provide key intelligence for traders. Whether you are a professional trader or a newbie, the data and information released to properly position their trades.
The uniqueness of Forex Factory goes beyond the large library of information. There are hundreds of highly trained forex experts who not only keep watch but also provide regular updates for the consumption of traders. Traders will benefit from insights and updates from a group of financial economists working for Forex Factory. Thanks to their work, the calendar is always up to date and reliable. Given its reliability, a number of forex trading websites have adopted the Forex Factory calendar for use by their subscribers.
Here’s a short guide on how traders can use Forex Factory Calendar:
Step 1. Starting Out
Once you open the Forex Factory Calendar, you will see a screen with multiple activities.
Step 2. Configuring the Time Zone
The first thing to do one you open the calendar tab is to set the time zone. There is a timestamp in the upper corner to the right. On the next page, you can set the time zone. This synchronizes the time for every news event with the local time in your area. Once that’s done, you can toggle the DST (Daylight Savings Time) on or off. You may also change the time format between am/pm and the 24-hour system.
Make sure you go through all the settings you wish to change before clicking “Save Settings”. If you want to retain the settings for longer, do not clear the cache in your browser. After saving the settings, the correct time will be displayed on the screen.
Step 3. Setting the Event Filter
By now, the Forex Factory Calendar should be fully displayed with all available news events reflecting the local time. Now what needs to be set is the event filter. The purpose is to set criteria for the news and currency types to display. It works well if you are following specific currencies or news events.
Start by clicking “Filter”, an icon on the calendar page.This will take you to a screen where you can filter events by currency, event type, and expected impact. In the expected impact boxes, yellows mean low-impact news, orange indicates medium-impact news while a red represents high-impact news. To get a complete picture of what to expect in the near future, you may want to pick the medium-impact and high-impact news. You will get specific news items without the fear of being bombarded with unnecessary clutter.
Review your options to be sure that you have chosen everything you want. After clicking “Apply Filter”, you will be able to get only the currencies and events you picked. Whenever you need to change the settings, you can do it at virtually any time.
Step 4. Selecting a Time Frame
By now, you have set your time zone and configured the filter. Next, you should select the time-frame you desire. This is the length of time the calendar will show. Depending on what you want, the time-frame can be a day, week or month. If you want, you can pick the predetermined time-frames appearing on the navigation pane. Most professional forex traders opt for an entire week to enable them to get ready for days to come and not just a few hours.
Step 5. Getting the Most Out of Forex Factory Calendar
Apart from surface content like scheduled time, expected impact, and event name, there is additional information you can get from Forex Factory Calendar. The only problem with this feature is that it can take you to unnecessary details in the news and not just the analysis that aids your trades. Some of the additional details include the event source, history, and frequency. If you are a technical trader, these details may not help much. The things to concern you the most is the news timing and expected impact.
3. Forex Factory News
News about the forex markets and economic situation has an impact on the direction in which the market moves. The change in the market due to certain news could be sudden or swift leading to a possible reversal in a whole trade.
To be in a position to deal with possible changes in the forex market, it is important to follow up on news and trends in the economic circles. The good thing about Forex Factory News is that the sources of information are varied, thus, giving you a complete picture of what to expect.
Besides, Forex Factory has an editorial team that ensures that fakes news and the falsely reported ones don’t reach the readers. What that means is that what you get on this platform is fully authenticated. However, before making a trading decision, first, check your accuracy of the news to be sure.
To recap, it is important to follow up on the medium-impact and high-impact news. It is important to follow up on news about Nonfarm Payrolls, Federal Open Market Committee (FOMC), unemployment rates, Final Gross Domestic Product (GDP), monetary policy announcements, and an announcement from the central bank on rates.
4. Forex Factory Market
Forex Factory has many innovative features and this is just one of them. The Forex Factory Market has elements such as the Scanner, Chart, and Sessions. This feature collects and displays data from a number of different brokers. The purpose is to show the best instantaneous rates more comprehensively. There is nowhere else you will be able to get rates that are as close enough to the actual thing as possible.
Due to its accuracy, the MDA (Market Data Application) is hailed by different reviewers as a “True Pricer”. You can use it to compare prices from separate operators and get a centralized rate for your forex trades. The charts and scanners are free-of-charge and can be accessed by all users. They enable even the inexperienced traders to make their trades without much of an effort or glitch.
For traders who are not adequately tech-savvy, there are several guides on ForexFactory.com to enable you to learn how to use these features. Any doubt you had about the relevance of the charts is adequately addressed through these charts.
5. Forex Factory Trade Explorer
One of the major attractions of Forex Factory is the Trade Explorer one of several trading elements on the website. As a feature, Trader Explorer was launched in 2011 to facilitate a seamless trade. It also enables the intelligent analysis of every trade you make. Additionally, it helps to analyze a trade that’s possible to be undertaken up to a given point in time. This dynamic feature is everything you need to have seamless trading experience.
Other Things to Know About Forex Factory
Apart from the features already conversed in this write-up, there are several things about Forex Factory which makes it stand out from the crowded forex market. They include the following:
1. Live Charts
One of the things about Forex Factory is that it has great charts to help you get a detailed analysis of the market. These charts are great indicators of the positioning of the market at any particular time. On the Forex Factory website, the charts are found by clicking the “Market” tab. No need to log in to your account. Once the page is displayed, you can click on any chart and view it.
2. Finding Good Trading Strategies
Undoubtedly, Forex Factory brings together traders who depend on each other for the formulation of trading strategies. Every day, people share great ideas that are then used by those in need of some inspiration. One can take advantage of the discussions on trading systems, trading journals, and trading strategies. While some posts have the general information, others contain ready-to-use trading strategies.
Apart from explaining their trading strategies, some traders answer all the questions that may arise. Since some of the available threads have been on the site for years, you can use them to find strategies that have actually worked.
3. Finding Bad Trading Strategies
To most traders, this might seem counter-intuitive. However,identifying the strategies that have made traders lose consistently can help you to make better decisions. The idea is to scour the forums on Forex Factory with the aim of finding the worst trading strategy ever. Then flip it over the head. By doing the exact opposite of a bad trading strategy, you should be in a position to get a really good one. Beware of traders who try to deceive others by posting only a portion of their charts and results. If a trader is ever losing on his trades, don’t expect him or her to post that on the site.
4. Finding Indicators
One of the things that make Forex Factory a favorite for many traders is the multiple indicators it offers. Even if they are mostly MT4 indicators, the variety is exactly what every trader needs to succeed. If the indicators are proving hard to understand, you can modify them to do exactly what you want. Some of the indicators on Forex Factory can be accessed by doing a single search on Google. If you are already on the Forex Factory website, you can simply go to the tech platform.
5. Forex Factory as a Journal
Every trader needs to keep a journal of all their activities in the forex market. The journal may contain the numbers involved as well as other details of the trades. It is great if the journal is on the open forum so that you can gauge other people’s comments.
Regardless of whether you get good or bad comments, you will be able to get a better focus on your trades. If anything, it helps when other people question your strategy. It is possible that critics will point out a problem you may not have noticed otherwise. After all, the purpose is to get feedback, which you can then use to re-strategize.
Keeping a journal is also about being accountable to yourself and others. Once you start having followers to your journal, you will find the time and energy to keep writing it every day. Through the journal, you have inadvertently made a commitment to others and to yourself.
6. Networking with Other Traders
Given the lonely nature of forex trading, you need a network of other people with whom you can talk and share ideas. It helps when you are able to find traders with strategies similar to yours. The people you interact with on Forex Factory can alert you whenever something of great importance springs up. You will also never miss any trade setups. If you have a problem, you can present it to the forums and find solutions. As you get help, you should also offer assistance to others. As you extend help, you become better at making trading strategies.
7. Finding Trading Firms
Forex Factory is a great forum where you can present your ideas to a wider audience. As you write about trading, you will generate positive interest from trading firms who need people with your skills. Many individuals have been offered jobs just by exposing themselves online and so can you. As a trader, take advantage of the opportunities on Forex Factory to get opportunities to work for trading firms.
8. Tracking Your Trades
With Forex Factory, traders can track their trading activities in real-time. Every time you make a trade, Forex Factory will display it to other users. With time, you will start getting positive attention from your peers on this forum. It is also about being accountable to yourself and others. You can enable live tracking by clicking “Create Trade Explorer” on the drop-down menu on your username. That simple and easy, you will be able to display your trading to others.
Clearly, joining Forex Factory is a necessity for anyone who is after getting the most out of his or her trading. Apart from the Forex Factory Calendar, there are other features that make the forum worth the while. By tracking current news events and their impact on the forex markets, traders are able to make more informed strategies. Traders can make the most out of Forex Factory by starting a journal or tracking trades. Both of these are ways of sharing trades among peers on the forum. Only that you need to take time and learn how to correctly use ForexFactory.com.
2019 set in with the launch of state-of-the-art smartphones including Huawei Mate X, Samsung Galaxy S10, and Sony Xperia 1. Just like Huawei Mate X,which has folding capabilities, the Huawei P30 and Huawei P30 Pro are flagship products from the giant Chinese technology company.
Over the years, Huawei has been pushing the boundaries in the mobile phone market and it has succeeded in doing so with the two handsets. To enable smart photography, Huawei was the first mobile company to implement cameras with dual-lens as well as triple-lens.
Huawei is a leader in innovative mobile technology
Huawei P30 Optical Stabilization
Characteristically,the P30 has a triple-lens camera with a 40 MP F1.8 wide-angle lens, a 16 MP F2.2 ultra-wide-angle lens, and 8 MP F2.4 three times telephoto lens. The P30 Pro has an extra depth-sensing camera together with an 8 MP F3.4 five times telephoto lens, a 20 MP F2.2 ultra-wide-angle lens, and a 40 MP F1.6 wide-angle lens.
With these phones, Huawei introduces a 5x optical zoom which raises the bar one more time in smartphone photography. As a word of caution, you may have to wait to see how the cameras will turn out in real-world situations. According to Huawei, the phones come with better image processing algorithms, sensor upgrades, as well as optical stabilization
Great photos for all occasions
Huawei P30 Storage Capacity
Huawei managed to show off some low-light photos in a demo on-stage. The images were not just excellent but they were as good as the night shots from Google Pixel phones. Bear in mind that these photos may have undergone quite some AI processing.
Thenew Huawei phones come with ultra-narrow bezels and a tiny teardrop notch. Given the 6.1-inch P30 and 6.47-inch P30 Pro, the handsets and compact enough for the discerning smartphone owner. The screen resolutions stand at 2340×1080 pixels for both handsets.
One thing you will not see with your eyes but which defines the functionality of the two handsets is the Huawei Kirin 980 processor, the latest in the company’s innovativeness. Both phones have a maximum of 8 GB RAM. The difference is in the internal storage capacity. While the P30 has a capacity of 128 GB P30 Pro has a 512 GB storage capacity.
Innovative 3-in-1 camera for great photos
Huawei P30 Best Phones for 2020
Both phones have a fingerprint sensor on the screens. When it comes to acting as a password, Huawei says they have made the fingerprint sensor even faster. The Huawei P30 Pro has an IP68 rating, which makes it totally dustproof and waterproof. As for the Huawei P30, it has a a less-airtight IP53 rating, which does not make it fully dustproof or waterproof.
Other features offered by these handsets include wireless charging, fast charging, as well as reverse wireless charging. Thus, it is possible to use the phones to charge smaller gadgets wirelessly.
You can get the two phones in Breathing Blue,Aurora, Amber Sunrise, Pearl White, and Black colors. The Huawei P30 goes for $900 upwards while the Huawei P30 Pro goes for $1,130 upwards. If you are looking for a good smartphone to light up 2019, any of these two will do just fine.
Forex trading – What does it entail? Well, every country in the world has a local currency that’s used by its citizens and residents when carrying out business transactions. In order to trade with people in other countries, it is necessary to exchange local currencies with foreign ones. For example, a Germany resident who wants to buy computers from the US must exchange the Euro for the dollar. This is also true for travelers to other countries. It is necessary to get an equivalent of the local currency in order to make transactions.
It’s the need for currency exchange that has necessitated the existence of the forex market. Also known as currency trading, FX market or foreign exchange market, the forex market is the most liquid and largest market in the world. On average, the daily trading volume in the forex market is more than $5 trillion. No other market comes close.
What Is Forex?
The forex market a global market on which people trade currencies from across the world. It is characteristically decentralized with currency trading conducted over-the-counter (OTC), electronically. Instead of relying on a centralized exchange, traders rely on computer networks to trade with their counterparts across the world. The forces of demand and supply determine Forex rates or prices. As such, the Forex rate between two currencies determines how much you will get in foreign currency for your money.
Forex markets are open for trading 24 hours a day, 5 ½ days a week with trading happening in the world’s major financial centers of New York, London, Zurich, Tokyo, Hong Kong, Frankfurt, Paris, Singapore, and Sydney. Thus Forex trading takes place around the clock across different timelines. As soon as the trading day ends in New York, it starts afresh in Hong Kong and Tokyo. Since it remains active throughout the 24-hour cycle, price quotes on the Forex market keep changing.
What is Forex Trading?
Forex trading refers to the buying or selling of currencies. Every day, central banks, commercial corporations,institutional investors, corporations, and individual traders exchange currencies. Depending on the organization or individual exchanging currencies, the reasons for doing so could be to make a profit, facilitate tourism and international trade or balance the markets.
Usually, forex trading involves currency pairs in the spot or futures markets. Conventionally, a currency pair changes in value depending on the forces of demand and supply. However, political, environmental, and economic factors such as national elections, natural disasters, and wars also determine the value of a currency pair. Since currency pairs are very responsive to changes in the economy and environment, forex markets are said to be very volatile.
Currency Pairs and How They Work
All transactions on the forex market involve the buying and selling of two currencies, all at the same time. The two currencies for buying and selling are called ‘currency pairs’. One of the most common currency pairs on the worldwide forex market is the Euro/US Dollar. The currency that comes first is the base currency while that which comes second is the quote currency.
The prices of each currency pair are either either bid price or ask price. For example, in the EUR/USD currency pair, the bid price could be 1.0816, which means you can sell EUR1 for $1.0816. If the asking price is 1.0818, it means that you can buy EUR1 for $1.0818. This creates a spread of 0.0002 (1.0818 – 1.0816) or 2 pips. In the forex markets, the spread is the asking price minus the bid price. This is the cost of trading or the amount of money to be made by the forex brokers.
On the forex market, trade-in progress is a ‘position’. Trading positions can be of two kinds, namely a ‘short position’ or ‘long position’. When a trader takes a short position, he or she sells a currency with the expectation that its value will decrease. The intention is to buy back the currency at a much lower value. Once the trader buys back the currency – preferably for less than he or she sold it – the position is ‘closed’.
A ‘long position’ is the situation where a trader buys a currency with the expectation that the value will rise. Later, he or she will sell it back to the market for much more than he or she had spent. That means the trading position is effectively ‘closed’.
Say the EUR/USD currency pair is trading at 1.0816/1.0818. An investor can open a long position on the Euro by buying EUR1 for $1.818. In the intervening period, the trader holds the Euro hoping that it’s going to appreciate and later sell it to the market. With higher prices, the expectation can only be that the trader will get some profit. If the trader chooses to go short on the Euro, he or she will sell EUR1 for $1.816. If the Euro depreciates, he or she can sell it back to the market at a much lower rate.
The forex market, has different types of currency pairs. While the major currency pairs are 7, traders can take advantage of other options. The following are the types of currency pairs on the forex market:
1. Major Pairs
Over 80 percent of currency trading involves the major pairs. Because of that, the currency pairs have high liquidity and low volatility. Major currency pairs are from the stable,less-troubled economies. They are less likely to be manipulated and come with smaller spreads compared to other pairs. Examples include the EUR/USD, USD/JPY,GBP/USD, USD/CHF, AUD/USD, USD/CAD, and NZD/USD. As is clear, all the major currencies involve the US dollar.
2. Crosses or Minor Pairs
Currency pairs in that do not include the USD are either crosses or minor pairs. Traditionally, traders had to convert crosses into USD before determiningits value in the desired currency. However, the evolution of forex trading, has made it possible to trade crosses directly. Examples include GBP/JPY, EUR/JPY, EUR/GBP, NZD/JPY, CAD/CHF, and AUD/JPY. Apart from being less liquid, these currency pairs are more volatile than the major currency pairs.
3. Exotic Pairs
Exotic currency pairs are those from the smaller, emerging economies when paired with one of the majors. In comparison to the majors and crosses, exotic pairs are fraught to higher risk, given that they are more volatile, less liquid, and more likely to be manipulated. Apart from being ultra-sensitive to sudden shifts in the economic and political spheres, these currency pairs have wider spreads. Examples include USD/MXN, GBP/NOK, GBP/DKK,CHF/NOK, EUR/TRY, and USD/TRY.
Types of Foreign Exchange Markets
To reiterate, the purpose of the forex market is to enable individuals and organizations to buy currency in a foreign country and do business there. The forex market is not just one but can be of different types depending on the transactions. Below is a look at the three major types of forex markets:
1. Spot Market
On the spot market, traders buy and sell currencies using the prevailing price. This is the price that’s established by the interaction between the forces of demand and supply. Some of the factors influencing this price include economic performance, prevailing interest rates, sentiments on the current political situation, and the expected performance of the currency in the future.
In this market, a finalized deal is referred to as a ‘spot deal’. It involves two traders with one delivering a pre-agreed currency amount to the other party and receiving a specific amount in another currency at an agreed exchange rate. Upon the close of a position, traders do the settlement in spot cash.
Contrary to its name, transactions in the spot market take up to two days to settle. This exposes traders to losses occasioned by fluctuations in the highly-volatile currency market. In the end, traders may suffer when prices are either lowered or raised after entering the agreement and before closing the trade.
2. Futures Market
Transactions in the futures market involve future delivery and payment at an agreed future exchange rate. Unlike in the spot market, traders in the futures market do not deal with actual currencies. What they deal in are contracts representing claims to a certain type of currency, a specified price per unit, and a settlement date in the future. Due to their standardized nature, the contracts have elements that are fixed and non-negotiable.
Essentially the transactions in the futures market aren’t prone to the volatile nature of the currency market. This type of forex trading is popular with traders who have no problem making large currency transactions with the aim of making assured returns on investment.
3. Forward Market
While transactions in the forward market are similar to those in the futures market, they are different in the sense that the trading parties can negotiate the terms of the contract. As such, the two are able to tailor the terms to their specific needs. The transactions in this market may involve the swapping of two currencies for some time after which the currency is returned when the contract ends.
Like the Futures market, the forward market protects investors against the many risks in the forex market. To avoid making losses due to fluctuations in exchange rates, large multi-nationals often hedge using these futures and forward markets. Due to the entry of speculators in these markets, they now account for over 70 percent of the trading volume in the forex market.
How Hedging Works in Forex Trading
By the nature of their operations, multi-national corporations do business in different foreign countries. Thus, they are at the risk of losses due to fluctuations in the value of currencies when they sell or buy goods or services outside of their home markets. Luckily, forex trading allows them to hedge their currency risk by establishing a rate at which they complete transactions. As such, a trader may opt to buy or sell a currency in the futures or forward markets that lock in exchange rates and enable him or her to hedge. Hedging may involve one of two main strategies, which we discuss below:
1. Strategy One
A trader may hedge by holding short and long positions at the same time to protect a current position from unexpected moves in a currency pair. In forex trading, this is a ‘perfect hedge’, given that it eliminates all the possible risks and guarantees a profit for as long as the hedge remains active.
Bizarre as it may sound, considering the opposing short and long positions, this is a strategy that’s commonly adopted by traders on the forex market. This kind of hedge often arises when a trader already has a short or long position for the long-term but opts to open a contrary trade in the short-term to benefit from a momentary market imbalance.
2. Strategy Two
It is possible for a trader to hedge with the aim of protecting a current position from a negative move in a currency pair. Here,forex options are used to protect a short or long position in what’s known as an ‘imperfect hedge’, since only part of the risk is eliminated by the hedge. Also, a trader has a guaranteed of part of the possible profit from that particular trade.
A trader may create an imperfect hedge from the short or long positions. If in a short position on a currency pair, a trader could reduce his upside risk by buying call options or reduce his downside risk by buying put options contracts.
Traders make imperfect upside risk hedges using call options contracts. Here, a trader has the right to buy a given currency pair at a stated price on or prior to a specified date from the seller of options in exchange for an upfront premium. Take a forex trader who is short on the EUR/USD at 1.0945 with the expectation that the pair will move lower. However, there is a concern that the outcome of a presidential election could make it move lower. To hedge using a call options contract, he could place a bid with a price slightly higher than the prevailing exchange rate, say 1.0985 with an expiration soon after the elections.
If the GBP/USD pair moves up soon after the election, the trader knows he has limited his risk to 40 pips (1.0985 – 1.0945) together with the premium paid for the options contract. At a price of more than 1.0985, the trader can only lose at least 50 pips and the premium since he can cover his short position by buying the GBP/USD pair from the seller of the call option at a 1.0985 strike price. It doesn’t matter what the prevailing market price is.
On the other hand, imperfect downside risk hedges are done using put options hedges. With these, the trader has the right to sell a given currency pair at a stated price, before or on a pre-determined date, to the buyer of the option for a premium.
Say you are long on the EUR/USD at 1.3255 in anticipation that the pair will eventually move higher. However, you are worried that the pair could move lower in case of an announcement of a bearish economic situation. You have the option to buy a put option contract to hedge a portion of your risk. The strike price should be below the prevailing exchange rate,say 1.3205. As for the expiration date, it should be soon after the
If the EUR/USD doesn’t move lower after the announcement of the economic situation, you will be in a position to hold onto your long trade on the EUR/USD. As it rises high, you will keep making profits, the only cost being the premium you had placed on it.
However if the economic announcement causes the EUR/USD to start moving lower, then you don’t have to worry about that since you know you have limited your risk to at most 50 pips (1.3255 – 1.3205) plus the premium you placed. That’s because you can sell your long position to the seller of the put option for a 1.3255 strike price no matter the prevailing market price of the pair.
Forex Trading As Speculation
Forex trading is entirely depended on environmental factors such as geopolitical risk, economic strength, tourism, trade flows, and interest. These factors have an effect on the demand and supply of currencies and determine how volatile forex markets are on a daily basis. While this creates a risk, it also brings about an opportunity to benefit from changes leading to the appreciation or devaluation of a currency. Thus, a trader could put his money on the fact that a currency could increase or decrease in value.
In that regard, forex trading is a largely speculative exercise. That’s especially as concerns day trading which can yield extreme profits while exposing you to very high risks. Every time a trader places a trade, he or she is speculating that it will result in profits within the time interval of placing the trade and getting out of it. Together with traders in the stock market, position traders, as well as hedge funds, are all speculators.
Many people view speculation in the forex market as controversial owing to the high likelihood of negative actions such as currency devaluation. Yet, according to economists, the forex market needs speculators. That’s because hedgers can find a group of individuals willing to take on the risk. To the naysayers, currency speculation relies on the basis of external factors such as the political situation and not free-market economics.
Even though speculative in nature, forex trading is still a respectable way to make money for traders willing to risk. Say, you expect a rise in interest rates in the US, compared to Australia when the value of the AUD/USD pair is 0.80. As a result of increased interest rates in the US,the demand for the USD may increase. This will cause a fall in the AUD/USD exchange rate since traders will require fewer USD to buy the AUD.
If the prediction of a rise in interest rates in the US turns out to be true, the price for the AUD/USD pair could decrease to 0.60. A change in value will lead to a profit is you hand gone long on the USD and short on the AUD. Since that’s purely speculation, it could go the other way if the interest rates in the US don’t increase.
Currency as an Asset
Forex trading gets interesting when you look at currency as an asset. Currencies are called assets, given the possibility of earning the difference in interest rates between currencies in a pair. By going long on currency in a country with high-interest rates and short on one with low-interest rates, a trader can make a considerable amount in profits. Players in the market call this ‘carry trade’. Also, it is possible to earn profit from any exchange rate changes.
Traditionally, hedge funds, high-net-worth individuals, and multi-national corporations, dominated the forex market. That’s owing to the high capital requirement back then. Today, individuals can invest in forex markets through brokers or banks. Only that a majority of the online traders offer higher than average leverages, especially with individual traders who are only able to maintain a small balance in their accounts.
Is Forex Trading Worth Trying?
Despite the risk it involve, forex trading is worth trying. After all the major determinant of prices in the market are the forces of demand and supply. Thus, it is not possible for individual traders to manipulate currency prices. This is especially true for traders with access to the interbank dealings.
For those who rely on the forex dealers or brokers, the risk is in their either unregulated or semi-regulated nature. Even when with proper regulation,forex dealers may lack the safeguards, exposing traders to possible losses. Before you start it out in the forex market, check is the registration and regulation status of the broker whether in the UK or the US. Always work with a broker with the right account safeguards, just in case of insolvency declaration.