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allaboutforexworld · 5 months ago
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Averaging Down: Forex Trading Strategy Explained
Averaging down is a popular yet controversial strategy in Forex trading. Traders use this technique to reduce the average cost of an investment by purchasing additional units of a currency pair at a lower price than the original purchase. This strategy is often employed in the hope that the market will eventually recover, allowing traders to sell at a profit. While it can be a valuable tool in a…
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forexgroup01 · 1 year ago
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masterpc2023 · 1 year ago
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پیش بینی هفتگی EUR/USD: خوش بینی باید به تقاضای دلار آسیب برساند
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forex2404 · 2 years ago
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budrigannews · 2 years ago
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Forex News-Budrigannews
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Forex news, currency exchange rate today, online quotes, bank interest rates, speech by the head of central banks, analysis, recommendations, expert opinion and more.
Forex news is the main sections for forex traders or people who are interested in finance.
You will understand why political and economic events create trends in the forex market, and not technical analysis.
You can watch quotes in real time, be aware of when and with what speech the heads of the central bank will speak, which can cause strong volatility in the forex market.
You will also find trading recommendations of market experts, analysis, forecasts and many other useful information about the forex market in the forex news section
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henryshaa · 2 years ago
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“First Trade” by ETO Markets is on live🔥 If you’re not trading now, you definitely should start. 📢 If you have any questions on how to trade DM me the word TRADE to start a conversation.
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tradermade · 2 months ago
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Forex Update: $EUR wobbles amid global uncertainty, while #GBPUSD holds steady. $JPY stays cautious despite #BoJ rate hike buzz. $AUD weakens on #RBA rate cut speculation. Market sentiment is on edge! 
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myforexmagicwave · 2 years ago
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Today’s EUR-USD Trade Using My ” Creative IB System ” For Good 65+ Pips
Today’s EUR-USD Trade Using My ” Creative IB System ” For Good 65+ Pips Once you learn this system properly, you can do wonders in this market.Making 50 to 100+ pips a day is easy using this ” Creative IB System “.If you are doing good in trading these markets, then keep doing what your doing and donot change. But, If you are struggling and are not profitable yet then comeand join my group and…
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allaboutforexworld · 6 months ago
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Relative Vigor Index Explained
The Relative Vigor Index (RVI) is a momentum oscillator used in technical analysis to measure the strength of a trend. Developed by John Ehlers, the RVI is based on the concept that prices tend to close higher than they open in an uptrend and lower than they open in a downtrend. This article will delve into the RVI, explaining its calculation, interpretation, and how it can be effectively used in…
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artbusiness5 · 6 months ago
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Forex Trading
Forex trading, or foreign exchange trading, involves buying and selling currencies to profit from changes in exchange rates. Here’s a detailed guide to get you started:
1. Understanding Forex Trading
Currency Pairs: Forex trading always involves trading one currency for another. Currencies are quoted in pairs (e.g., EUR/USD, GBP/JPY). The first currency is the base currency, and the second is the quote currency.
Pips: The smallest unit of movement in a currency pair’s exchange rate. For most pairs, a pip is 0.0001.
Leverage: Allows you to control a large position with a relatively small amount of money. While leverage can amplify profits, it also increases risk.
2. Setting Up Your Forex Trading
Choose a Reliable Broker: Select a forex broker that offers a user-friendly trading platform, competitive spreads, and good customer service. Look for brokers with a solid reputation and proper regulatory oversight (e.g., regulated by the Financial Conduct Authority (FCA) or the Commodity Futures Trading Commission (CFTC)).
Open a Trading Account: After selecting a broker, open a trading account. Many brokers offer demo accounts where you can practice trading without real money.
Deposit Funds: Fund your trading account with an amount you’re comfortable with. Remember, forex trading can be risky, so only invest money you can afford to lose.
3. Develop a Trading Strategy
Technical Analysis: Uses historical price data and charts to forecast future price movements. Key tools include indicators (like Moving Averages, RSI, MACD) and chart patterns (like head and shoulders, flags).
Fundamental Analysis: Involves analyzing economic indicators, news events, and other factors that might impact currency values. Key indicators include GDP, interest rates, inflation, and employment data.
Risk Management: Set stop-loss and take-profit orders to manage risk and protect your capital. Determine how much you’re willing to risk on each trade.
4. Executing Trades
Place Orders: Use your broker’s trading platform to place trades. You can choose from various order types, such as market orders, limit orders, and stop orders.
Monitor and Adjust: Keep track of your trades and the market conditions. Adjust your strategies and positions as needed based on market movements and your trading plan.
5. Continuous Learning and Improvement
Stay Informed: Follow financial news, economic reports, and market analyses to stay up-to-date with factors affecting currency markets.
Review and Reflect: Regularly review your trades to understand what worked and what didn’t. Learning from past trades helps improve your strategy.
Adapt: Forex markets are dynamic and can change quickly. Be ready to adapt your strategies to new market conditions.
6. Avoiding Common Pitfalls
Overleveraging: Using high leverage can lead to significant losses. Start with lower leverage until you gain more experience.
Emotional Trading: Avoid making decisions based on emotions. Stick to your trading plan and strategy.
Lack of Research: Ensure you conduct thorough research and analysis before making trading decisions.
Resources for Learning Forex Trading
Books: “Trading in the Zone” by Mark Douglas, “Currency Trading for Dummies” by Brian Dolan and Kathleen Brooks.
Online Courses: Platforms like Coursera, Udemy, and Babypips offer courses on forex trading.
Websites: Follow financial news on websites like Bloomberg, CNBC, and Reuters.
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laurenttradinginsights · 2 months ago
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Crypto Meets Forex: Navigating Risks and Opportunities in 2025
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Based on my experiences, I have seen various innovations of money with Bitcoin and other cryptocurrencies bringing major changes in the financial market. The overall flow of bitcoins is now stronger, and fluctuations in coins such as Polkadot or Dogecoin increase — all this affects the Forex market. This is where we traders get both the challenge and the thrill to perform, but with the right strategic plans in place, it is a brilliant chance to expand.
Why Crypto is Vital for Forex Traders
In the fast-paced world of trading, volatility is where the action is, and crypto delivers that in spades. While Forex markets move with global economic trends, crypto thrives on sentiment and speculation, making it a goldmine for those who know how to adapt.
Volatility Creates Opportunities: Coins like Bitcoin can swing dramatically in a single day, offering quick wins for prepared traders.
Crypto-Fiat Connections: Bitcoin’s rise often hints at movements in fiat pairs like EUR/USD or USD/JPY.
2025 — A Game-Changer: With Bitcoin adoption growing, I believe the next few years could redefine how crypto and Forex markets interact.
How I Approach the Crypto-Forex Connection
Stay Informed: Whether it’s new regulations in Europe or tech updates from Silicon Valley, the crypto market moves fast. Keeping up with global news helps me anticipate opportunities.
Manage Risk Like a Pro: Crypto’s volatility is thrilling, but it’s also risky. I use tools like stop-loss orders and position sizing to protect my capital while staying in the game.
Watch Market Overlaps: When Bitcoin rallies, I often notice shifts in fiat currencies. Understanding these connections can turn crypto trends into Forex profits.
Adapt My Strategy: Adding crypto pairs like BTC/USD or ETH/EUR to my portfolio has opened new doors. It’s a way to diversify and catch moves I might have missed otherwise.
Why I Trust ORION Wealth Academy
For me, trading is about constant learning and growth, and ORION Wealth Academy has been a game-changer. Their approach to Forex and crypto education is unmatched, offering tools and strategies that work for traders at all levels.
Here’s what makes ORION stand out: ✅ Expert coaching on navigating both crypto and Forex markets. ✅ Daily analysis to stay on top of key trends like Bitcoin’s momentum. ✅ Practical lessons tailored to beginners and seasoned traders alike. ✅ Weekly signals that help me spot opportunities in this fast-moving landscape.
ORION doesn’t just teach you how to trade — it prepares you to excel in markets where crypto and Forex intersect.
Looking Ahead to 2025
As we move into 2025, the relationship between crypto and Forex will only grow stronger. Here in France, I see more traders adapting to these changes, ready to embrace the challenges and opportunities they bring.
If you’re ready to navigate this dynamic market, join ORION Wealth Academy. Their insights and strategies have helped me trade smarter and more confidently.
Start your journey today — because 2025 won’t wait for anyone.
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gloriatq1223 · 10 days ago
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Best Platforms to Trade for Forex in 2025
Forex trading continues to captivate traders worldwide, offering a dynamic and lucrative avenue for financial growth. In 2025, identifying the best platforms to trade for forex has become more crucial than ever, as technology and market demands evolve. From user-friendly interfaces to advanced tools for technical analysis, these platforms are tailored to meet the needs of both novice and seasoned traders. Whether you're diving into major currency pairs, exploring exotic options, or utilizing automated trading strategies, choosing the right platform is the foundation for success.
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Core Features of Top Forex Trading Platforms
Forex trading platforms in 2025 must combine advanced functionality with accessibility to meet diverse trader needs. The following core features highlight what distinguishes the best platforms.
User-Friendly Interface
A user-friendly interface enhances efficiency and reduces errors, especially for beginners. Key features include:
Intuitive navigation for rapid trade execution.
Customizable layouts to match user preferences.
Comprehensive tutorials for ease of onboarding.
Efficient design with minimal lag, even during high volatility.
Example Platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are renowned for streamlined interfaces designed to accommodate traders at all levels.
Comprehensive Charting Tools
Forex trading requires precision, and advanced charting tools are critical for analysis. The following charting tools enhance strategy formulation:
Drawing Tools: Support for trendlines and channels.
Indicators: Integration of MACD, RSI, Bollinger Bands, and Fibonacci Retracement.
Timeframes: Options to analyze data across multiple periods.
Custom Indicators: Flexibility to program and integrate personal strategies.
Automation and Algorithmic Trading
Automation is indispensable for modern forex trading. Platforms like cTrader and NinjaTrader excel with features like:
Pre-built Strategies: Ready-to-use templates for scalping and trend following.
Custom Algorithms: Integration with programming languages such as C# and Python.
Backtesting: Evaluate strategies with historical data.
Integration with APIs: Seamless syncing with advanced trading bots.
Mobile Accessibility
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Forex traders increasingly require the flexibility of trading on-the-go. Mobile accessibility ensures:
Synchronization: Real-time updates between desktop and mobile devices.
Push Notifications: Alerts for market changes and trade execution.
Compact Design: Optimized for smaller screens without losing functionality.
App Examples: MT4 and MT5 apps, offering full trading capabilities on iOS and Android.
Key Takeaway: Platforms combining a robust desktop experience with seamless mobile integration empower traders with unmatched convenience.
The best forex trading platforms for 2025 excel in usability, advanced charting, automation, and mobile functionality. By integrating these features, platforms like MT5, cTrader, and TradingView offer versatile solutions for traders of all expertise levels.
Trading Instruments Supported by Leading Platforms
The diversity of trading instruments available on forex platforms is crucial for building effective strategies and achieving long-term trading success. This section explores the breadth and advantages of various trading instruments.
1. Major Currency Pairs
Major currency pairs, such as EUR/USD, USD/JPY, and GBP/USD, dominate forex markets due to their high liquidity and tighter spreads. Leading platforms like MetaTrader 5 and TradingView offer advanced tools for analyzing these pairs, enabling traders to capitalize on predictable movements.
Key Features:
High liquidity ensures minimal price fluctuations during trades.
Access to real-time market data for precise decision-making.
Supported by most trading strategies, including scalping and swing trading.
These pairs are ideal for traders seeking consistent opportunities in stable market conditions.
2. Exotic Pairs
Exotic pairs combine major currencies with currencies from emerging markets, such as USD/TRY or EUR/SEK. While they offer higher potential rewards, they also come with increased volatility and wider spreads.
Risks and Rewards:
Volatility: Significant price movements create potential for larger profits.
Higher Spreads: Costs can be prohibitive for short-term trading strategies.
Economic Dependence: Price movements often correlate with specific geopolitical or economic conditions.
Platforms like cTrader often feature analytical tools tailored for exotic pair trading, helping traders manage the associated risks.
3. CFDs and Futures
Contracts for Difference (CFDs) and futures are derivatives enabling traders to speculate on forex price movements without owning the underlying assets. Futures contracts are often traded on platforms like NinjaTrader, while CFDs are supported on MetaTrader platforms.
CFDs vs. Futures in Forex Trading
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Wider spreads but no commissionCommissions and exchange fees
CFDs and futures cater to traders seeking flexibility and hedging opportunities in volatile markets.
4. Spot Forex vs. Forward Contracts
Spot forex trades settle instantly at prevailing market rates, making them ideal for day traders. Forward contracts, however, lock in future exchange rates and are often used by businesses to hedge against currency fluctuations.
Spot Forex:
Instant execution for quick trades.
Supported by platforms like TradingView, which offers robust charting tools.
Forward Contracts:
Customizable settlement dates.
Reduced risk of unfavorable exchange rate changes.
Forward contracts are frequently utilized for long-term strategies requiring stability.
5. Options Trading in Forex
Forex options provide traders the right, but not the obligation, to buy or sell currencies at a predetermined price. Options trading is supported on platforms like MetaTrader 5, offering flexibility for speculative and hedging strategies.
Advantages:
Defined risk due to limited loss potential.
Compatibility with advanced trading strategies like straddles and strangles.
Access to multiple expiration dates for tailored strategies.
Options trading is an excellent choice for traders seeking diversification and controlled risk in uncertain markets.
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Market Indicators for Effective Forex Trading Forex trading in 2025 requires mastery of market indicators for successful trades. Platforms integrating technical tools like RSI, Bollinger Bands, and Fibonacci retracements provide invaluable support for analyzing currency pairs and spotting trends.
1: Moving Averages and RSI
Moving averages and RSI (Relative Strength Index) are staples in forex trading for spotting trends and identifying overbought or oversold market conditions. Here's how they work:
Moving Averages:
Smooth out price data for better trend analysis.
Common types: Simple Moving Average (SMA) and Exponential Moving Average (EMA).
Platforms like MetaTrader 5 (MT5) allow customizable moving average periods for traders’ needs.
RSI:
Measures the speed and change of price movements.
Values above 70 indicate overbought conditions, while below 30 signals oversold.
Both indicators are excellent for detecting market reversals and consolidations, making them essential for scalping and swing trading strategies.
2: Bollinger Bands and Fibonacci Retracements
Bollinger Bands and Fibonacci retracements are complementary tools for determining price ranges and potential reversals.
Bollinger Bands:
Comprised of a central moving average and two bands (standard deviations).
Highlights volatility and identifies breakout opportunities in exotic pairs and minor pairs.
Fibonacci Retracements:
Based on key levels derived from the Fibonacci sequence (23.6%, 38.2%, 61.8%, etc.).
Used to forecast retracement zones for entry and exit points.
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Platforms like TradingView provide advanced integration of these tools for technical analysis.
3: Pivot Points and Volume Analysis
Pivot points and volume analysis serve as complementary methods for intraday traders.
Pivot Points:
Calculate potential support and resistance levels based on previous trading sessions.
Widely used in day trading to set intraday targets.
Volume Analysis:
Measures market activity to validate price movements.
Higher volume during breakouts confirms trends.
Together, these indicators help traders plan risk-reward ratios effectively and refine strategies. Platforms offering integrated market indicators like RSI, Fibonacci retracements, and volume analysis provide forex traders with precise insights for decision-making. Combining these tools with strategic risk management and discipline ensures a competitive edge in forex trading for 2025.
Risk Management Tools in Forex Platforms
Risk management is the cornerstone of sustainable forex trading. Platforms offering advanced tools like Stop-Loss Orders and Position Sizing empower traders to mitigate risks while optimizing potential gains.
1. Stop-Loss Orders
Stop-loss orders safeguard capital by automatically closing trades at pre-set levels. Key benefits include:
Capital Protection: Prevents losses from spiraling during volatile markets.
Emotional Discipline: Reduces impulsive decisions by automating exit points.
Wide Platform Integration: Available on MetaTrader 4, TradingView, and cTrader for seamless trading execution.
2. Take-Profit Orders
Take-profit orders lock in profits when the market reaches a target price. Steps for setting take-profit orders effectively:
Analyze Moving Averages and RSI to determine target levels.
Input the price level in trading platforms like NinjaTrader or MT5.
Monitor trade performance and adjust as needed.
3. Position Sizing Calculators
Accurate position sizing minimizes overexposure to any single trade. Here’s how these calculators work:
Calculate lot sizes based on account balance, risk percentage, and stop-loss distance.
Adjust trade sizes to align with Risk-Reward Ratios.
Enable traders to maintain diversified exposure.
4. Risk-Reward Ratio Analysis
Risk-reward ratios evaluate trade viability by comparing potential profits to losses. Tips for effective use:
Aim for a minimum ratio of 1:2 or higher.
Utilize tools like Bollinger Bands to estimate price movements.
Integrated calculators on platforms like MT4 simplify these computations.
5. Diversification Tools
Diversification spreads risk across multiple trading instruments. Features on platforms include:
Multi-asset trading options: CFDs, Futures, and Currency Pairs.
Portfolio analysis tools to track exposure by instrument type.
Real-time updates for Exotic Pairs and niche markets.
6. Backtesting Strategies
Backtesting allows traders to evaluate strategies using historical data. Its advantages are:
Testing risk management techniques like Stop-Loss Orders without live market risk.
Platforms such as TradingView support customizable backtesting scripts.
Insights into strategy weaknesses improve long-term profitability.
With advanced tools for Stop-Loss Orders, Position Sizing, and Backtesting, modern forex trading platforms empower traders to proactively manage risks. Leveraging these features leads to more disciplined and effective trading.
Psychological and Strategic Insights for Forex Trading
Mastering trading psychology is key to navigating the complexities of forex. Platforms enhance this through features that promote discipline, performance tracking, and trader confidence, empowering strategic growth and mitigating psychological pitfalls.
Building Discipline Through Alerts
Platforms offering robust alert systems, like MetaTrader 5, help instill discipline by:
Preventing Overtrading: Custom alerts signal market entry points, limiting impulsive trades.
Time Management: Reminders help traders stick to predefined schedules.
Market Trend Notifications: Alerts for moving averages or Relative Strength Index (RSI) changes enable focused decisions.
Tracking Performance Metrics
Trading platforms integrate tools that help traders evaluate performance, including:
Win/Loss Ratio Analysis: Shows trade success rates.
Equity Curve Monitoring: Visualizes account performance trends.
Journal Features: Logs trade entries and exits for review.
Customizable Dashboards
Platforms like TradingView allow traders to configure dashboards by:
Adding favorite currency pairs and indicators like MACD or Bollinger Bands.
Creating multi-screen setups to monitor multiple trades.
Integrating news feeds to stay updated with central bank announcements.
Educational Resources
The inclusion of in-platform education fosters confidence through:
Interactive Tutorials: Step-by-step videos on strategies like swing trading or technical analysis.
Webinars and Live Sessions: Experts discuss trading instruments like CFDs and options.
AI-based Learning Modules: Adaptive lessons based on trader performance.
By integrating tools for discipline, self-awareness, and strategy refinement, trading platforms empower users to overcome psychological challenges, enhance risk management, and make data-driven decisions for long-term success.
Conclusion
Forex trading in 2025 offers exciting opportunities, but success begins with choosing the right platform. As highlighted throughout this content pillar, top trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView stand out for their robust features, diverse trading instruments, and advanced integrations. These platforms empower traders to navigate the complexities of the forex market through tools such as technical indicators like Moving Averages and RSI, risk management solutions like stop-loss orders and position sizing calculators, and integrations with vital economic indicators such as GDP, inflation, and central bank announcements.
The best forex trading platforms not only provide access to currency pairs, CFDs, and other instruments but also integrate cutting-edge charting tools, educational resources, and analytics to build confidence and discipline—critical factors in mastering the psychological demands of trading.
By understanding the interplay between platform features, market tools, and strategy development, traders can optimize their approach to trading forex in 2025. Whether you're focused on scalping, day trading, or long-term swing trading, the right platform will be your foundation for executing trades effectively, managing risk, and staying informed in a fast-paced market.
Take the insights from this guide to make an informed decision, choosing a platform that aligns with your trading goals and enhances your ability to trade forex with precision and confidence. With the right tools and strategies in hand, you're poised to navigate the evolving forex market and unlock its full potential in 2025 and beyond.
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brokeragetoday · 1 month ago
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IG Broker: Executing Large Orders Efficiently Understand how IG Broker handles large trade volumes across multiple currency pairs. IG Broker can execute large orders exceeding $5 million automatically across various currency pairs like EUR/USD, USD/JPY, and GBP/USD. https://brokeragetoday.com/best-brokers-for-market-makers/ #IGBroker #LargeOrders #Forex
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buyprofit · 3 months ago
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Доллар показал сильнейший скачок с 2020 года
Доллар показал сильнейший скачок с 2020 года
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Мировые финансовые рынки потрясла новость: доллар продемонстрировал самый масштабный рост с марта 2020 года. Такой стремительный подъем американской валюты связан с первыми результатами президентских выборов в США, которые указали на преимущество Дональда Трампа в ключевых штатах. Yahoo Finance сообщает об этом феномене, отмечая значительное влияние политических событий на динамику валютных рынков.
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Президентские выборы в США традиционно оказывают значительное влияние на мировые финансовые рынки. На этот раз первые результаты голосования, показывающие преимущество действующего президента Дональда Трампа в ряде ключевых штатов, стали катализатором для укрепления доллара. Инвесторы воспринимают победу республиканского кандидата как сигнал к продолжению текущей экономической политики, которая ориентирована на поддержание высоких процентных ставок и стимулирование роста национальной экономики.
Дополнительным импульсом для американской валюты стал резкий рост доходности казначейских облигаций США. Предположения о том, что политика республиканской администрации будет поддерживать высокие процентные ставки в США, привели к увеличению привлекательности американских долговых инструментов. Инвесторы стремятся разместить капиталы в активах с более высокой доходностью, что укрепляет спрос на доллар.
Индекс доллара США (USD Index), отражающий стоимость доллара по отношению к корзине основных мировых валют, в моменте достиг максимума с 9 июня на уровне 105,19. Этот показатель свидетельствует о сильных позициях доллара на международной арене. Однако после достижения пика индекс частично откатился. По состоянию на 08:43 мск доллар торговался на отметке 104,80, прибавляя внутри дня 1,35%.
Основная валютная пара EUR/USD также отреагировала на изменения. Евро снизился по отношению к доллару, что отражает общую тенденцию укрепления американской валюты. Трейдеры на рынке Forex внимательно следят за развитием событий, корректируя свои стратегии в соответствии с новой информацией.
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Если администрация продолжит курс на поддержание высоких процентных ставок, это может привести к дальнейшему укреплению доллара. Федеральная резервная система США будет играть ключевую роль в этом процессе, оценивая экономические показатели и принимая решения по монетарной политике.
Сильнейший скачок доллара с 2020 года демонстрирует, насколько тесно переплетены политические события и финансовые рынки. Инвесторы и трейдеры должны быть особенно внимательны в период повышенной волатильности, учитывая множество факторов, влияющих на динамику валют. Президентские выборы в США, политика процентных ставок и глобальные экономические тенденции будут продолжать оказывать значительное влияние на стоимость доллара и, следовательно, на все мировые рынки.
Форум: https://buy-profit.ru/ ВК: https://vk.com/buyprofitvk Pinterest: https://ru.pinterest.com/BUYPROFITpin/ Телеграмм: https://t.me/buyprofitTg
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wigilham · 8 months ago
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What is Forex Currency Pairs?
buying or selling one forex pair against another. It’s like the currencies are in a constant tug of war. This is caused by the rapid fluctuations of the exchange rate.
What is Base Currency & Quote Currency?
The first currency of a forex pair is called “Base Currency”. Base currency represents how much is needed to buy a single unit of the second currency or quote currency in a forex pair.
Similarly, the second pair is called “Quote Currency”. They are separated with a forward slash (“/”). Currency quotes is the amount of units of the quote currency you will need to exchange one unit of base currency.
For example, 1 Dollar, 1 Pound, 1 Euro, etc. The calculation is- 1 unit of Base Currency can buy X units of the quote currency. If the base currency is USD, such as USD/JPY, a quote of USD/JPY 88.48 means that one U.S. dollar is equal to 88.48 Japanese yen. Likewise, if the base currency is EUR, such as EUR/USD, then a quote of 1.3980 means that one Euro is equal to 1.3980 US Dollars.
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cambcurrencies · 3 months ago
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Impact of UK Shifts and USD Stability on Currency Trends
Market Comment: November 12, 2024 Today there’s mixed signals across major currencies. The USD holds steady against most peers. Data from the UK and Germany is in focus. UK unemployment shows slight upticks. Steady German inflation figures shape the tone. Commodity prices are reacting to global demand forecasts. This is especially true for oil and natural gas. Meanwhile, metals like gold and…
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