Featured

Important Forex News of 2018

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We all know that news is an important part of our lives. No morning is complete for us without having a glimpse of the newspaper while sipping a hot cup of tea. However, along with all the news of what is happening around, it is good if one is acquainted with what is happening inside the country in the context of business, currency exchange, etc. and how the finances of the country are managed. There are many websites, magazines and even applications for mobile phone where one can read Forex news and know about how foreign exchange brokers are progressing and putting in their strenuous efforts to maintain the financial market of the country effectively. Let us know about some of the latest foreign exchange news, which will give us a deeper view of different countries’ financial market, foreign exchange policies and overall financial condition of the country.
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China’s Central Bank has spent its second largest amount on Forex in the year 2018

Iris Pang, an economist at ING, has confirmed that in the year 2018, the Central Bank of China had spent a whooping amount of 91.58 billion dollars in Forex purchases. This has turned out to be the second largest amount ever spent on foreign exchange currency purchases in the year 2018, while the largest amount ever spent on foreign exchange currency purchases was in September in the same year 2018 and was as high as 119.39 billion dollars.

This is a testimony of the fact that foreign exchange purchases have become an integral part of the finances of various countries and a significantly high part of various countries’ budgets goes towards the foreign exchange purchases. Forex brokers are really important in managing the foreign market as they help a lot in the foreign currency exchange.

EUR is expected to trade sideways from now on

Various analysts from UOB have suggested that EUR is expected to trade sideways from now on. The current upward pressure has been alleviated and it is due to this reason that EUR is likely to trade sideways, at least, for now, probably within the broad range of 1.128 to 1.144. It is expected that it may take up to several weeks for EUR to finally break through these levels. Various indicators are almost flat as of now and the recent movement indicates the consolidation phase.

USD falls, GBP on cloud nine

The Pound of the Great Britain is the clear winner in the session that has taken place recently. It stayed at its all time highest for more than a week, staying at 1.29. The EUR is still at 1.14, which has got a slight upgrade due to the Brexit headlines. While GBP soars high as seen before, the dollar of the United States of America is not performing up to the expectations in most parts. It is falling behind its counterparts, except for NZD and AUD.

Such news provide us with a lot of details about the finance and currencies of various countries, don’t they?

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Featured

Why Corporate Travel Management Is Necessary for Businesses

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Businesses that do not have the correct in-house skills will greatly benefit from outsourcing and business travel management is no exception. Planning a family holiday can be stressful enough – where you can spend hours searching for the best deal, but business travel management can be even more nerve-racking.
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The benefits of using a corporate travel management agency

A reputable corporate travel administration agency has a wealth of professional experience, just what you would expect from any business project. Furthermore, corporate travel operators have an abundance of contacts that significantly influence the success of your project.
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The knowledgebase from a business administration agency is far greater than conducting your own research – saving you time and money. A corporate travel provider will arrange Visas and provide information related to immigration.
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The negotiation power from a travel management agency is superior when you are making multiple bookings and certainly with long-haul flights.
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If you are planning to go a popular business destination such as: New York City, Dubai or Tokyo, it is highly likely that your business travel provider will have a good insight on the local area – providing you with extra value.
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A corporate travel provider will make your budget work harder – constantly searching for the greatest deal to ensure your business saves money.
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Less stress – You have your own projects! You need to ensure that you are ready to impress your clients or business associates.

Your corporate travel management operator will take all the frustration and strain from planning your journey down to the finest detail.

In case of an emergency, your business travel provider should offer ‘around-the-clock’ information and support. For instance, in March 2010 an Icelandic volcano erupted and caused colossal chaos across Western Europe where many airports came to a standstill. It is imperative that your business travel provider offers a first-line support in the event of a crisis, as this can have severe consequences on your business.

When choosing a corporate travel management agency for your next business trip, look for outstanding customer service that provides emergency assistance. Overseas travel can be unpredictable and so can the weather.

Choose a provider that has excellent communication skills and keeps you informed of any changes. Successful travel should be as stress free as possible. Most importantly, choose a travel provider that has strong globally recognised accreditations such as the IATA (International Air Transport Association).

Choosing the correct agency have a dramatic impact on the overall success of your business trip.

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A Guaranteed Way to Make Some Real Money With Forex Trading in This Market

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The forex market has never been more accessible or seen more new traders. The sad truth is that the majority of these traders will end up failing. The good news is that this is only because they take zero preparation time and typically jump right in blindly after watching an afternoon of CNBC. Follow these tips and use every tool at your disposal and you'll begin earning some real money for forex profits as soon as today.

First it's important to stick to trends if you're new to trading. There is money to be made from trading ahead of the curve, but it's also very risky. There is money for forex profits to be made as long as you stick to where the market has already gone and react to changes as they come up. Keep in mind that as the forex market takes place over a number of international markets, you've got to be able to stay on top of things near 24 hours a day.

Because this leaves quite a bit of time open for something to go wrong, many traders outsource some or all of their trading work to an automated trade system. This is a program which analyzes real market data tirelessly around the clock and reacts to changes to keep you on the winning side of your trades as near 100% of the time as possible. It also trades entirely without guesswork, errors, or emotions which is a major bonus to have.

Additionally, with 30% of all traders currently using automated trade systems, this technology is becoming more popular amongst traders of all experience levels because they not only not require any of your time or you to have any working knowledge of the forex market, but they 're also a great deal more economic than hiring an expert to do the same job arguably not as well. No fees or commissions are charged for an automated trade systems, only a one time cost up front of typically around $ 100 which is a small price to pay one time for peace of mind around the clock and the money forex which you'll make early on to cover it.

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Greatest Emotions – Fear and Greed

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It has been a few months since we last wrote something. During that time, I have been watching the Markets move and do all the things that we expected them to do. We watched, with anticipation, how the Market would respond to the US fiscal cliff issue and others. We watched how the news portrayed different events around the world; both good and bad. I have also had the opportunity to witness some beginner Forex traders try to make sense of everything. There is one thing that I have seen over and over. Beginners usually trade with their hearts, not their heads.

The key word in this lesson is Emotions. Forex trading will always be full of them, the movements of the Forex Market, many times, are based on them. It is obvious that some traders are ruled by emotions by their rush to buy or sell and how it sometimes overflows their plans. A common question that I have heard in the Market is “Why did I ever do this or do that?”

I have commonly asked myself what is driving us to get into the market when we are not fully prepared and exit on prices that completely disagree with our plans. I can’t say that I know every reason why many of us (and all beginners) do this, but I would like to suggest that there are two main reasons why. Those two reasons are Greed and Fear.

Greed comes when the Market goes as we expected then, quite naturally, we want more! We somehow get the notion that it will continue for very long time. Maybe the laws of physics haven’t quite sunk it – “what goes up… ” Somehow, we seem to have forgotten that eventually, everything changes.

The thing that has to be remembered is that in order to have successful trading, you need a good strategy AND discipline to execute that strategy. No matter how good it is, trading is completely useless without proper disciplined execution of the strategy.

The Fear comes when we realize that there is a profit and we actually miss it. The other time Fear plays a part is when we believe that according to the way the trade might be going, we begin to fear the loss of money. I have learned that, until we learn to have dominion over fear and greed, our results will be very unstable. Worst yet, my greatest concern for new traders is, if money management is not strong, many emotional traders will soon be out of money – well before they even had a chance to establish themselves as a legitimate traders.

So my advice to you, as a beginner or advanced trader is simple; don’t let your emotions rule you. There is no place in the halls of successful Forex trading for individuals who cannot dominate their emotions – especially fear and greed.

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Four Tips to Effectively Trade Forex in an Unpredictable Market

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It has been known that to effectively trade in the forex market, one has to follow the current trends. But sometimes, the trends in the market become very unstable. And when this happens, the forex traders, especially the newcomers, will become very frustrated and confused. That is why it is a necessity for any trader to be knowledgeable on various trading strategies, especially when the market becomes unpredictable.

So, here are some useful tips to effectively trade foreign currency exchange in an unpredictable market. Sure enough, you can apply these tips while using a demo account. After all, using a demo account will allow you to practice forex trading and make you prepared for the real thing.

1. Check your economic calendar. You have to be certain that the current movements in the market are not only based on temporary news reports. Because if the economy is really low, you better stay out of the foreign currency exchange market until everything goes back to normal.

2. Check the pivot points, as well as, the resistance levels and the support. In an unstable market, you will notice that the resistance and support lines are parallel. So, you can anticipate that the market will turn as it approaches the resistance and support lines. You can also use a stochastic oscillator to help you identify signals of a good trade.

3. Use another indicator to verify your conclusions. If the resistance and the support lines are touching, then, there is likely to have a breakout. And if this is the situation, you will not be able to presume that the price will turn once more. So, you may just want to set your orders beyond the stretch of the resistance and the support lines in order for you to catch an occurring breakout. However, you must use another indicator so you can verify your conclusions.

4. Verify your currency trading strategy. It always happens that two pairs of foreign currencies become contradicting. For instance, the USD/CHF and the EUR/USD are two contradicting pairs. One of them is certain to rise and the other is certain to fall. So, you have to plan on which currencies you will trade.

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Who Are the Market Makers in Forex Trade?

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Have you ever wondered how you can buy or sell currency pairs in forex at any given time? Forex is a market that trades non stop for 5 working days a week. Despite being a global event, the probability of finding a trader willing to make a trade in currency pairs of our choice at any given point in time is very small. And yet every single trade in forex gets completed within seconds. This happens because of the functioning of forex market makers.

A market maker is a mediator whose job is to create a virtual market for the trader. The moment we place an order to buy / sell, the market maker carries out the trade, irrespective of its own loss or profit. In forex, the list of market makers comprises investment banks, central banks, commercial banks and big brokerage firms. These institutions are always stand ready with a fixed bid and ask price. A market-maker offers services in both rising and falling market scenarios.

How does a Market Maker Generate Profit?

There is nothing like a free service in the world. Market makers must get something out of the facilities they provide. They make money by:

  1. Buying the securities at a price lower than its selling price.
  2. Selling the securities at a higher price than the buying price.

Thus, in short, we can say that makers of market, make money by taking advantage of the difference between the bid and offer prices. This bid / offer spread depends on the liquidity of the market and the transaction size.

Why do we Need Market Makers in Forex?

Market-makers in forex ensure that the trade floor is always functional. They constantly update their bid / offer spread (twice in a minute), in accordance with the market updates. This helps on two fronts. Firstly, the trader gets an accurate view of the market for making decisions. Secondly, this ensures market liquidity and efficiency of currency pairs. It is this form of marketing solution that has ensured the 24-hour trading system of forex.

With the advent of forex market makers, players such as large multinational companies and registered money brokers, have started locking horns with the likes of big investment banks in the field of forex trading. Some of the most famous forex market makers are CMS Forex, Forex Capital Markets and Gain Capital. These are all regulated and managed by the Commodity Futures Trading Commission of USA.

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Forex Tools For The Forex Market

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The old saying, "A carpenter is only as good as his tools," is true for so many things but is particularly true for trading the Forex market. Forex tools such as Forex RSS, the Forex toolbar, and a Forex widget can become indispensable in a well equipped trading arsenal. If a Forex trader is blindly trading the market on his hunches, he should be in Las Vegas because at least then he could see a nice show before he loses all his money.

The typical trader has a few screens in front of him. At least one of those screens should be displaying his Forex tools with the appropriate RSS feeds. For those unfamiliar with Forex RSS (standing for 'really simple syndication') it's a method of receiving information immediately. In the kind of atmosphere presented by Forex trading, the only problem with immediacy is that it doesn't happen fast enough. That's how quick the market can be.

There are a couple tools that can provide the necessary information every trader needs at his fingertips. A toolbar provides links and information and is constantly displayed so there is no searching and fumbling. A Forex widget embedded on a website is a great tool and is always updated giving current quotes and information.

Many Forex portal websites offer their articles and information through Forex RSS, which means if you have an RSS reader such as Google Reader, you will be automatically updated throughout the day (and night). A Forex toolbar on any one of your screens will also do the trick.

Charts should always be only a click away and having them available easily is crucial. Whether it's through a Forex widget, or a Forex toolbar, you shouldn't have to spend any time searching for the information you need. Fundamental news is coming out all the time and can blow the charts away. Unless you're connected to Forex RSS, you're going to lag behind thousands of traders ahead of you.

Forex trading is your business, and you want your business to be well equipped. Considering that most, if not all, Forex tools are free, there is no reason not to take advantage of the situation to the full extent.

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What To Note While Shipping To China

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With a lot of players entering the international logistics market, shipping to countries that are located thousands of miles away from you, has become a hassle-free task today. Gone are the days, when you had to wait for relatives or strangers from a particular country to pass on things to your near and dear ones staying there. With international logistics becoming highly cost-effective as well, you can use them for your business and personal purposes quite easily. One of the hot shipping destinations is China. It is one of those economies that has been growing at an exponential rate. Hundreds of thousands of items worth millions of dollars get shipped to China on a daily basis. Here are some of the important processes that are involved while sending goods / shipment to this country.

1. Customs clearance / paperwork

When you want to send anything to China, you should be aware of the custom laws and regulations prevailing in that country. Items, whose values ​​are quite low (approximately lesser than 500Yuan) are free from customs duty. If you are sending items that are worth more than this value, you need to pay the required customs fee and submit all relevant paperwork, so that your shipment doesn't get rejected. Chinese laws are quite strict when it comes to documentation. You should have a checklist of the requirements and plan accordingly, so that you don't miss out on anything.

2. Method of packing

Whenever you ship anything to China or any other country, you need to take extra care while packing your products. Fragile items should be covered in cardboard boxes that are well corrugated so that they are well-protected against abrasions and friction. All the items should be sealed to avoid leakages, breakages, spillage and other related mishaps. Your shipments involve a lot of investment; therefore, it is only natural that you take enough care in ensuring that they reach their destination safely and perfectly.

3. Banned items

This is one of the most important points that you need to keep in mind when you are shipping anything to China. Every country has different laws related to the list of prohibited items. You should be fully aware of the rules that stop you from taking certain items into Chinese territory, so that your package is not confiscated at the time of security checks. Prohibited items mostly related to food, electronics and other materials like wood, cane, bamboo etc. Under each category, you should know the list of items that are allowed or disallowed, permitted weight and other aspects, in order to get your shipments cleared without any hassles.

4. Service provider

This is the first step that you need to follow when you decide to send your shipment to China. Choose a service provider who is highly reputed in the world of international logistics and who has enough experience in this field. When you choose the right company, you will be given professional guidance about the items that can and cannot be shipped to a particular destination, saving you lot of time and embarrassment.

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Trend Following in Forex – Most Traders Don't, But You Should, It Makes Huge Gains!

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Trend following is actually very easy to learn and looks to hold moves which last anywhere between a week to over a year. Of course if you get into the right trends you can make a lot of money so let's look at the advantages:

Any Free Market Offers Trends

Currencies trend and so does any other free market instrument and they can all be traded the same way and you get bullish and bearish trends so you can make money in any economic climate.

Trade the Reality of Price Movement

Trend following decision-making doesn't involve prediction, 'gut' feelings or "shooting from the hip" and also doesn't involve studying the financial press. Trend following simple requires you follow a simple set of rules which are objective and allow you to see shifts in price momentum and lock into trends.

It Makes Huge profits

Trend following looks to compound absolute returns. It doesn't shoot for 'small.' or average profits and in times of turmoil in Financial markets, it can make you huge gains.

Take Advantage of Mass Human Psychology

A currency price are just subjective expectations of traders reflected objectively. People's reactions to markets always remain the same – the majority Follow each other and end up losing. Humans like to be social and conform, even if the group is wrong. When traders follow each other, they get caught up in the crowd hysteria and that means losses. Trend following will always make money because most traders simply cannot think by themselves.

You Don't Need to Win Many Traders to Make Huge Gains

Trend following, has defined exit rules to control losses on your account and when quickly take losing trades to preserve the capital in your account. The win loss ratio doesn't matter in trend following. If you hold a trend for week or months, it will cover a lot of small losses. You can have more losses than profits when trend following but the size of your profits, can be sometimes 10 – 20 times the size of your losers so you can see why you don't need to have a high ratio of winners to losers to make big profits

Following Big Moves Means Low Cost of Doing Business

If you day trade a lot you lose a lot in transaction costs in relation to the profit you are aiming for but in trend following is not so. With this long term method of trading, your cost of doing business is minimal and increases your overall profits.

If You Want to Make Big profits the Good News is This Method is Easy to Learn

You don't need any fancy systems or indicators to learn this method of trading it can be learned by anyone and also, you have the confidence of knowing its worked since market began. So rather than struggle to make money and make a lot of effort in short term time frames, follow trends via price action and make huge profits like the pro traders do.

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Chauffer Car Service – The Comfortable Way to Reach Your Destination

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In the cities, we tend to travel half the route on our cars, and then take a bus, or board a train to cover the remaining distance. The problem here is getting a proper parking space for your vehicle, and also having to pay high parking fees in the city. Hence, it turns out to be expensive for you, because you pay for the fuel as well as the parking fee.

With that being the case, you could opt for a chauffeur driven car services to cover the 1st half of your route. These services are similar to the taxis, with the only difference being, you can arrange for yourself to be picked up, right from your home or wherever you are.

Benefits of choosing a chauffeur car service

Chauffeur car services have been getting popular these days. They offer quality services to keep their customers satisfied, and make them stay loyal for years to come. If you are new to a city or town, opting for chauffeur car services is the best choice.

Following are some of the benefits of using chauffeur car services.

  • Options to choose: Service providers give you multiple options to choose the vehicle you want to travel in. You can choose as per your comfort and budget.
  • Reduces stress: It makes your travel time stress-free using their luxurious and comfortable facilities.
  • Reduces tensions: It reduces your worries of parking, traffic, being on time, etc.
  • Cheaper price: You can hire an affordable rental company by doing proper research. It is a reliable way to reach your destination.
  • Fast service: You can reach your destination facing huge traffic on the way, as drivers know all the shortcuts and routes that can be taken to avoid peak hours rush.
  • Anywhere anytime: They provide you facilities 24 x 7 anywhere in the city. All you need to do is to make a call to book your cab.
  • Multi-tasking: You can choose to opt for this service for a wedding or any other social or business event.

Tips for choosing a chauffeur car service

There are various bogus car service providers that can cheat you in many ways. That is why you should know how to choose a reliable service provider.

  • Go online: You can get various chauffer car services online. Instead of running around here and there, you could refer to online directories to look for a reliable care rental services.
  • Different rates: Before booking a car you need to find out about their charges and its details. There are different rates offered by various companies depending upon the value added services provided by them.
  • Ask for Relevant papers/documents: You need to check the original car and driving documents before hiring a car.
  • Choose what you want: You should choose your ride as per your requirement, it can be based on
  1. Travelling distance
  2. Time for which you are hiring
  3. Day chosen
  4. Luxury features that you want
  5. Type of vehicle (sedan, SUV etc.)

So, why drive around on the busy roads and stress yourself mentally and physically. Hire a cab with chauffer and travel peacefully anywhere you want.

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Mechanical Forex Trading Systems – The Fatal Flaw All Forex Robots Have Which Causes Losses

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You will see lots of Mechanical Forex trading systems online and they grandly call themselves Forex robots or Expert Advisors, they sell for a hundred dollars or so and offer you an income for life with no effort but they all have one fatal error which turns user accounts to dust – lets take a look at it.

The problem with the cheap Forex robots is they claim big gains but have never made any in real time and not one of them can produce an audited, track record over the long term to back up the claims they make.

They either just say they have made gains and paste up account statements, or produce meaningless simulations going backwards, knowing all the closing prices. Of course, when you know where every high or low was, it's not hard to make money but in live Forex trading you don't know this key information!

I have seen almost every Forex robot and when you look at them, the algorithm is normally crude, trades to short a time frame and because the system has been bent to fit the data going backwards, to make a profit, the area that suffers is money management; the result in real time trading for the user, is a quick wipe out of equity.

Its a nice fantasy, paying a hundred dollars or so and making money while you sleep, play golf etc but it's nothing more than a dream; the reality is you don't make money in a market where 95% of traders fail with no effort. You can win at Forex trading but you need to learn skills and the good news is anyone can learn to trade quickly and get on the road to a great second or even life changing income in just 30 minutes a day.

Make an effort and you will be well rewarded, make no effort and tray and win with a mechanical Forex trading system and you will lose – it's as simple as that.

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The Climate of Mountains

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With 27.5-inch wheels and 5 inches of travel, the SB75 blends the best traits of its siblings. It has the maneuverability of the 26-inch SB66 plus the SB95 29er’s shorter top tube and wheelbase, plus its rollover ability. As a result, the SB75 might be the most versatile of the three. It has some of the downhill muscle of the 66 and the climbing efficiency of the 95. The unique Switch suspension, which has a pivot that switches the direction it rotates as the bike moves through its travel, provides efficient pedaling and masterful bump absorption. The SB75 is available in five complete builds, ranging from $2,900 to $6,900, or as a frame for $2,000.

Santa Cruz might be better known for its VPP suspension designs, but the company’s original bikes were single-pivot workhorses. They were simple but effective. That legacy lives on in the company’s three current single-pivot machines, including the Bantam. It features 27.5-inch wheels, 125mm of travel, and geometry that is nearly identical to the 5010, Santa Cruz’s VPP-equipped trail bike. Complete builds start at $2,600; frames cost $1,300.

Trek’s venerable Remedy was first developed as a 26-inch trail bike, but now comes in only 29er or 27.5-inch versions. That’s not a bad thing-the increased rollover ability is noticeable, and the 140mm-travel bikes still come with loads of Trek tech: The DRCV shocks have a secondary air chamber to better absorb big hits; the Full Floater suspension design mounts the shock between two moving links to improve its responsiveness; and the Active Braking Pivot, which rotates concentrically around the rear axle, reduces the impact of braking forces on the suspension. Each wheel size has its benefit, but on this bike we prefer the extra maneuverability of the 27.5 option. Prices start at $2,800 for the Remedy 7 and top out at $8,300 for the 9.9.

The Trance SX 27.5 is made for enduro racing. It features the same 5.5-inch-travel Maestro suspension as other Trance models, but comes with a 1×10 drivetrain (with MRP chainguide), heavier-duty Schwalbe Hans Dampf Evo and Razor Rock Evo tires, and a 160mm Fox 34 TALAS CTD fork that gives the bike a 66-degree head-tube angle. As the parts show, the SX is more downhill-oriented than the typical Trance, but you can still pedal it to the top of a hill without dropping a lung. The aluminum SX is available for $4,050; the carbon Advanced SX adds $2,400 to the price.

Read more at http://www.bikeluph.com

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