Business
Here are Some Types of Trading Strategies Present for Forex
As we know, Forex, FX, or Foreign Exchange deals with international currency trading. The process involves buying one currency and giving another for speculation. There can be a rise and fall in the values of currency with factors such as geoeconomics and geopolitics in effect. The forex traders’ concern is to profit from the change in situation anyhow.
So knowing the forex strategies is helpful to employ the right one at the right time. So let’s take a look at the various styles of trading-
The scalpers
Scalpers hold onto pips for a short duration from just a few seconds to minutes. Their main aim is to grasp small amounts of pips as frequently as possible during the heat of trade during the day- which lasts for a few hours in a day for Forex traders. So they are into a large amount of trading and make many small profits on individual trades. They try to profit from each trade with at least 5 to 10 pips. So the scalping strategy engages the trader throughout the day, making it a full-time job. The prediction has to be made fast to where the market is going, and the open position must be closed within seconds.
Day trading
The day traders begin at the start of the trading day and choose their side and end the day with profit or loss. The day traders do not clutch onto trades overnight. That means they get to avoid rollover or overnight fees from brokerages like eToro (you can click here to know more about eToro fees courtesy of Wikitoro). Day trade like scalping is a short term trade, but the duration is longer, and the day traders hold onto a single trade and close it at the end of the same day. The day traders spend their time analyzing executing and monitoring a trade. They keep abreast of information and round the globe changes, economic news, and study the charts to be able to choose the right direction. They get to the results of profit or loss at the day end. There are different types of day trading-
Trend Trading [Day trading]
Trend trading is when the traders study the chart in its long period of time, and they can conclude the overall trend. They move onto a shorter time frame chart and find opportunities in that trend’s direction. The Cowabunga System is employed. This mechanical trading system filters out trades based on a four-hour chart with aid of indicators such as EMAs, Stochastics, RSI, and MACD they trade based on a 15-minute chart.
Counter Trading [Day trading]
Similar to Trend trading only after determining the overall trend the trades are searched, but in the opposite direction. The concept is to get in early, at the end of the trade just before the trend begins to reverse. A bit riskier but the payoffs are great.
Breakout Trading [Day trading]
After studying for a few hours the range that a pair makes during the day and then trades are placed on either side so that breakout can be caught in either direction. When the pair has been tight for a while- support and resistance have lasted strongly, it indicates that it will soon make a huge move. The idea is to catch the wave when the move happens. After studying the entry points are set at above and below the levels of a breakout. The preferably same amount of pips should be targeted to define a range.
Swing trading
The traders keep the trades on for several days at a stretch. They don’t monitor the charts all day long but instead study them at night to make the right decisions and are with it where the global economies are concerned. In swing trading, the swings are identified in the medium-term trend and the trader enters only at high chances of winning.
The trader buys (go long) at “swing lows,” and the opposite is true when selling (go short) at “swing highs.” They make use of the short-lasting countertrends. The trades last for more than a day, so bigger stop losses are needed to persist volatility. A money management plan is a must. During the holding time, many trades go against due to fluctuations in prices in shorter periods, swing trader keep calm and trust the analysis. The trades are larger, so spreads don’t impact the overall profits. So, in this case, trading pairs with lower liquidity and larger spreads are fine.
The position traders have trades that have been on for weeks, months, or even years. The fundamental themes that govern currency trends are employed to analyze markets and make trading decisions. Swing Traders have a good insight into economics data that affects the future of the country. The stop losses are large because of holding onto trades for long periods.
Transition trading
Transition trading is studying the market and entering the trade on a lower timeframe. If the market is favorable, the target profits should be increased or track the stop loss on a higher time frame. The advantages are that you would get immense profits. It lowers your risk as the entry is made on a lower time frame. The disadvantages are that only a few of the trades would be big winners. The understanding of multiple timeframes is a must.
Business
Why Multi-Province Payroll Compliance Is the Hidden Challenge Canadian SMBs Face and How Folks Solves It
Byline: Shem Albert
Running payroll in Canada can feel like crossing a country stitched from many different fabrics. Each province weaves its own pattern of tax rules, leave policies, and benefit requirements, creating a landscape where a single misstep can ripple through every paycheck. For small and mid-sized businesses, the challenge often remains hidden until growth pushes hiring beyond provincial borders or brings remote workers into the fold. What seems like a routine back-office task quickly becomes a test of accuracy, timing, and local knowledge. This is the gap that Folks set out to close, offering a way for employers to navigate Canada’s regulatory patchwork without slowing their momentum.
Provincial Rules Add Complexity
Canada’s payroll environment varies sharply by province. Federal rules set the foundation, but provincial tax rates, deductions, statutory leave entitlements, and benefit premiums add layers of complexity that employers must monitor carefully. Small and mid-sized businesses with staff across provinces or remote employees face different tax tables, reporting deadlines, and leave calculations that directly affect pay accuracy and remittance schedules.
Folks built its payroll module to address these differences. The platform calculates the correct provincial tax rates and deductions for each employee, applying updates automatically so employers avoid misapplied withholdings or late filings. Multi-location tax management allows a company with workers in Ontario, Quebec, or several other provinces to process payroll without creating separate accounts for each jurisdiction. Bilingual functionality in English and French and secure Canadian data hosting support compliance while keeping employee records accessible across language and regional boundaries.
Unified Records Improve Accuracy
Payroll errors often stem from mismatched employee data. Changes in pay rates, banking details, or benefits eligibility may not align between HR and finance systems, creating incorrect deductions or delayed payments. Smaller teams juggling separate platforms spend valuable hours reconciling information instead of focusing on strategic work.
Folks resolves these issues by combining HR and payroll in one platform. Updates to wages, hours, or tax information entered on the HR side flow directly into payroll without re-entry. This single, verified record strengthens the accuracy of every payroll run and ensures employees receive the correct pay and deductions. By removing the need for repetitive administrative work, HR staff can redirect their time to tasks that support growth and employee engagement.
Automation Keeps Provinces in Step
Each province sets its own requirements for holiday pay, pay frequency, and statutory benefits, making manual calculations both time-consuming and error-prone. Businesses that expand or hire remote employees must keep pace with shifting provincial regulations or risk penalties and audit issues.
Folks address these demands with automation designed for Canada’s regulatory landscape. Pay statements, deduction calculations, and custom pay schedules follow the applicable provincial rules without extra configuration. The system’s automated updates mean that a company hiring staff in British Columbia or Quebec can meet local payroll standards without adding new layers of setup or monitoring. Employers gain the ability to expand into new regions while maintaining accurate, on-time pay.
Reporting Strengthens Compliance
Changing tax rates and reporting requirements require ongoing attention from HR and finance teams. Companies that rely on disconnected systems risk missing a provincial update or submitting incorrect remittances, which can lead to fines and interest charges.
Folks provides detailed reporting tools that compile payroll, deductions, and benefits information across all locations. Employers can generate clear remittance and deduction summaries, simplifying the process of meeting provincial filing requirements. For organizations that want additional guidance, Folks also offers a payroll management service that brings in-house specialists to assist with configuration, compliance, and regular updates. These reporting features help companies stay audit-ready and avoid costly compliance gaps.
Scalable Payroll for Expanding Businesses
Many small businesses begin in a single province, where local tax and payroll demands can be learned over time. Growth into new provinces or the decision to hire remote staff adds a level of complexity that manual processes cannot handle efficiently. Errors multiply, compliance risks rise, and payroll teams spend more time correcting mistakes than supporting expansion plans.
Folks provides payroll that scales with company growth. Provincial tax logic, automated deductions, bilingual support, and secure Canadian data storage are built directly into the platform. By maintaining an accurate employee record and applying province-specific rules automatically, the system allows Canadian SMBs to expand with fewer administrative surprises and more predictable payroll operations. Companies gain the stability of compliant payroll across provinces while controlling the time and costs that typically accompany multi-jurisdiction growth.
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