5 Ways to Invest in Currencies

The foreign exchange market is a 24-hour market where currencies are traded from all around the world. The forex market is engrossed by lots of traders who trade on the fluctuations of the currencies to each other.

The foreign market functions between brokers and banks, individual traders who are represented by a broker and between bands. Investing in currencies involves risk like other investment methods and especially when the economy is volatile, but forex trading is so popular because of the leverage it provides to the traders. In forex trading, traders are not bound by any limits which are imposed by the SEC (Securities and Exchange Commission). This means the traders can take advantage of heavy leverage from it.

Here in this article, you will learn about the different ways through which you can invest in the currency market.

Multinational Corporations
A lot of shareholders participate indirectly in the forex market via their holding in companies that do considerable business in foreign countries. Some of the most popular companies that have overseas exposure are IBM, Amazon, McDonald, Walmart, Coca Cola, Dunkin Donuts, Domino’s, Nike, Toyota, Lego etc.

The profits and revenues acquired from foreign countries are magnified if the foreign currency increases in value against the dollar. It is because those profits are changed into dollars for the purpose of financial reporting. So, a more powerful foreign currency will generate more dollars in exchange.

Standard Forex Trading Account
You can open a standard forex trading account with a well-reputed, and trusted broker like Oinvest and trade currencies from all around the globe. There are many variations in how the forex market works as compared to the U.S stock market:

There is no regulatory authority over it, and it is not a regulated exchange.
Currencies are traded in pairs if you are trading one currency will go down (short), and the other currency will go up (long).
There is no uptick rule for taking short positions.
Currency brokers often make money through spreads and swaps instead of commissions.
There is no upper limit for your position.
Foreign Bond Funds
There are a lot of mutual funds that put money in foreign government bonds. These bonds draw interest denominated in the foreign currency. If the foreign currency goes up compared to your currency, then the obtained interest swells when that currency is changed back in your currency.

Some examples of these types of mutual funds are Templeton Global Bond Fund, Merk Hard Currency Fund, and Aberdeen Global Income Fund.

ETFs and ETNs
ETN is exchange-traded notes, and an ETF is exchange-traded funds. Both ETFs and ETNs are traded like shares. And it can be a way to invest in foreign currencies without directly investing in forex.

By opening a standard trading account, traders can buy ETFs, and through that, they can get access to currencies. Some examples of such ETFs are UUP, ProShares UltraShort Euro, the Invesco DB US Dollar Index Bullish Fund, or EUO etc.

Exchange-traded notes (ETNs) are very much similar to corporate bonds. And they have the same exposure to the forex market that ETFs have.

CDs & Savings Accounts
EverBank, now known as TIAA Bank, provides a WorldCurrency certificate of deposit (CD). In certain countries, this CD makes interest at local rates. CD also provides a forex trading account which works like a money market account and enables the transfer of money between major currencies.

The CDs are dependent upon the exchange rate movements, but it provides a much higher interest rate than a dollar-dominated certificate of deposit. When these CDs get matured, the trader will get back less dollars than he has invested if the dollar becomes stronger compared to the foreign currency.

Bottom Line

In the currency market, the currencies are influenced by economic, geopolitical and events around the world. At this time, access to the currency market is so easy as any trader can invest in it through a standard trading account and an internet connection.

RPA: What Makes it Crucial for Software Testing

Automation has the potential to assist human beings in more ways than one could imagine. However, most of these applications for automation have been in the context of physical activity or some such. But what many people do not know yet is that automation is equally potent in the digital world as well.

Robotic Process Automation (RPA), for instance, is among the fastest-growing market in the global enterprise software industry. It can empower companies and their legacy systems to ensure their competency in today’s cut-throat world via workflow automation.

On the outset, it would seem that RPA merely is taking your daily, monotonous tasks that are low on the ladder of importance and tending to them, allowing employees to focus on the things that are more important to the business. That’s how it has made its way into the lives of QA professionals, taking care of load, regression, and performance for them. However, it isn’t merely the fact that it frees professionals from the burden of specific tasks that makes RPA so invaluable to the concept of software testing. No, sir, robotic process automation has much more to offer in the context of software testing. So, we listed some of its most crucial contributions below to help you understand this better.

RPA-driven load modeling: Assessing the requirement for the predicted load involves understanding the clients’ infrastructure, intended users of the software, response times they expect, and more. Unfortunately, it can be quite challenging to collect reliable information about that. RPA helps in this regard by allowing testers to leverage tools like questionnaires to glean the requisite knowledge and then use that data to create profiles for use in testing.
Fortify BPO projects: More often than not, testing in business process outsourcing (BPO) projects is hindered due to the unavailability of the testing environment. RPA tends to this challenge by putting together a testing environment as well as a test case by attempting to automate one task at a time. What the RPA does is identify the key and mouse movements and uses it to generate a faux environment.
Reflective of new priorities: Long gone are the days when the top priority for any company looking to undertake a development project was optimizing costs. They are no longer rushing to outsource it to an offshore company. Many companies would gladly realign their outsourcing strategies to integrate solutions such as RPA. A recent survey revealed that a majority of companies across the broad spectrum of industries have either already adopted or plan to adopt RPA.
So, no matter if you are looking for software testing services in USA or any other part of the world, you know the best way forward, when it comes to software testing, is robotic process automation. It will help you not only save precious resources but also cut down the number of bugs and issues in your product.

Buying E-Liquids with No-Nicotine in Australia

In Australia, e-cigarettes containing nicotine are illegal and cannot be sold, purchased or used in any state. In particular, a landmark decision in 2016 saw the Supreme Court of Western Australia rule that any tobacco-related product (like e-cigarettes) is illegal, regardless of whether it contains nicotine or not.

Like conventional cigarettes, e-cigarettes and other vaping utensils cannot be used in places where smoking is not allowed. This includes public bars and restaurants (unless there is a designated smoking area), near public swimming pools, hospitals etc.

How to refill your e-liquid cartridges?
If you have legally acquired non-nicotine e-liquids for your vaping device, then you’ll naturally want to know how to fill your e-cigarettes in a safe and clean way. There are two primary ways you can fill your e-liquid cartridges.

Injection method
This is generally the cleanest and most efficient way to refill e-liquid cartridges. For the injection method to work effectively, you’ll need a syringe, which works very well because you can disperse the liquid evenly along the cartridge filler. It also helps when extracting liquid from your cartridges. However, it is important to be careful when inserting the syringe into the cartridge, since you don’t want to damage the atomiser. Instead, rest the end of the needle in the mesh inside the cartridge. Moreover, make sure you dispose of the syringe properly after use.

Drip method
If using a syringe makes your uncomfortable for whatever reason, you can easily fill your e-liquid cartridges with a dripper. While this method will take a lot of time and patience, it is still very effective. However, make sure you concentrate because the dripper can get clogged, which can get very messy if you’re not too careful! After you have finished, make sure you rinse the dripper with cool water, to prevent contamination.

Common e-liquid flavours
E-liquid flavours have grown to become rather wacky and unique over the last few years, especially because many of them are prohibiting from containing nicotine. Indeed, you can purchase traditional e-liquid flavours that replicate traditional cigarette flavours, like menthol and tobacco. These flavours are generally liked by people who aren’t particularly into the fruitier, dessert-flavoured options that younger, more contemporary vapers use.

However, if you are willing to give the more dessert-flavoured options a try, the most popular options usually blend flavours like citrus berries, orange, mango, chocolate, mint, strawberries, watermelon, apples and even coffee.

Be socially aware
As a vaper or smoker of e-cigarettes, it’s important that you are aware of your social obligations to other people. Going beyond the current laws, there are specific social rules that you need to follow for the sake of your friends and those around you. Remember these tips when using your e-cigarettes:

Even if your vapour doesn’t contain nicotine, you always need to ask for permission vape in someone’s home or care. In these situations, the best thing to do is to just find an outdoor area
Never blow your vapour in the direction of another person (especially near their face). They may have allergies or asthma, which could be aggravated by you blowing the vapour into someone else’s face
Do not offer your vaping device to someone under the age of 18