Mattson Financial - May 2024

GEAR UP YOUR PUP FOR A HIKING ADVENTURE

Setting out on a hiking adventure with your furry friend is a rewarding experience, but ensuring their safety and comfort on the trail requires careful consideration of essential gear. Before heading out, consider your dog’s unique needs and preferences so it’s an enjoyable and bonding adventure for you both. Here’s an introduction to some must-have hiking gear for your canine companion. FOOD AND WATER One of the most important aspects of hiking is staying nourished and hydrated. Packing more water than you think may be necessary is crucial, especially on a trail where natural water sources may be scarce. An ample supply of dog-friendly food is also essential, with the quantity adjusted based on the hike’s duration. A collapsible

bowl will be handy for feeding your canine companion during breaks.

at least, a proactive measure for unforeseen circumstances, ensuring your canine companion’s paws are protected if needed. WASTE BAGS Be responsible out on the trail. That means bringing poop bags. Attach them to the outside of your backpack or tote bag for convenient access once your dog has completed its business. The “leave no trace” practice will help maintain the pristine beauty of the trail for everyone to enjoy. EMERGENCY HARNESS Preparedness is critical, and an emergency harness adds an extra layer of safety. A proper harness will allow you to carry your dog on your back in an emergency. This versatile harness ensures that you can provide assistance in challenging situations.

FIRST-AID KIT Safety should always come first. A dog first-aid kit is indispensable for addressing unexpected issues on the trail. These compact kits typically include dressings, bandages, and tools for removing ticks or thorns. Being prepared for minor injuries ensures you can safely complete the hike without making any injury worse.

BOOTS While some dogs may resist wearing

boots, they can be a lifesaver in challenging terrains. Opt for boots that protect without compromising comfort. Though you likely may avoid trails with terrain that could harm your dog’s paws, having boots in your pack is,

Read Trends Like a Pro for Smart Forex Investment

Investors buy, sell, and exchange real-world currencies through the foreign exchange market (forex or FX). It is substantially distinct from other markets:

If you’ve invested in forex, you’re looking for these trends. They’re among the most critical factors determining when you buy or sell.

It’s the largest financial market in the world.

• Uptrend: Prices trend toward a higher price, like climbing a mountain. This is the time to buy. • Downtrend: Prices drop downward, like skiing the aforementioned mountain. This is the time to sell.

• It determines the exchange rate for currencies around the world. • It’s open 24/7, so trading can happen at any time of the day. • Currencies are always traded in pairs, one country’s money for another. • Currencies are a lot less volatile than other markets. Some currencies, like the U.S. dollar or Japanese yen, are “free-floating,” which means their relative value is determined by free-market forces, such as supply-demand relationships. Other countries, such as Saudi Arabia and Panama, are “fixed float,” meaning a country’s governing body sets its currency’s value relative to other currencies. There are several advantages to trading on FX, including fewer rules, no central body oversight, and no fees or commissions. There are also disadvantages, like being unregulated, relying on the currency’s appreciation, and traders not having complete control over their trades. Information is an essential ingredient to achieving a profit. Investors must have data to speculate successfully, so they must read charts. The shifting trends value is constant; charts help investors visualize them to make the right decisions.

While many websites offer online charts, developing this analytical skill gives you a deeper understanding of the market.

Open up a candle chart and look at the currency’s current value. Candle charts depict price as a line with peaks and valleys.

Follow the line backward and find two recent highs and lows. Prices are constantly changing, but you must determine the overall direction of the currency’s value.

Figure out if these points are going upward or downward. This determines the timing of your trades.

Once you plot the chart, you can see where the currency’s value is going and invest accordingly. The forex market is full of opportunities. Solid chart analysis skills are necessary to take advantage of them and make a profit.

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