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What is The Gray Market, and How to Protect Against it?

The gray market, gray economy, and gray securities. Here we are talking about gray market products rather than gray securities or the gray economy.

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5 Things To Learn Immediately To Succeed As An Online Marketer

Three things could be confused with one another: the gray market, gray economy, and gray securities. Here we are talking about gray market products rather than gray securities or the gray economy. Gray securities are shares of a corporation traded before being publicly distributed. At the same time, the gray economy is made of assets and services that elude state taxation.

1. So, what is the gray market?

Anti-counterfeit items that are sold legitimately but outside sanctioned distribution ways are called gray market goods. It hurts the brand and violates the intellectual property protection of any business. The gray market includes everything from vehicles and cameras to software and medicines. The gray market has been running for a long time. To quickly explain it, let’s take a more straightforward example.

The first thing that a manufacturer or brand does is sell a product to a distributor. After that, the distributor sells it to accredited retail shops. Subsequently, those outlets sell the product to buyers. Although this might be a way to sell anti-counterfeit items, it still hurts a brand. In a perfect system, the precise quantity of products would be produced and put up for retail, hoping that the public would purchase all of it.

Nevertheless, the reality is a bit different. If a merchant or retailer is left with surplus or old stock, they can sell it at slashed rates to other traders. This violates intellectual property protection, but some merchants still chose to sell surplus stock to such dealers.

These traders later market the store to the public at further discounted prices. And it is way easier to fool the public because unauthorized sellers often look the same to customers as authorized sellers. The only noticeable contrast is lower costs. But these traders can’t provide company warranties. And some of the products might not satisfy regulatory criteria for the country in which they are being sold.

Gray Market

Sometimes the brands or distributors supply the gray market themselves. However, brands usually refrain from doing so as it hurts their reputation and helps those retailers who sell counterfeit items.

2. How to protect against the gray market?

The first step is to identify unapproved dealers. Knowing who is running the gray market is the key to stopping them. And the best way to monitor the gray market dealers is to look for the products at lower prices than the official retailers or sites. For brands, they must watch the MAP of the products. Most of the MAP violators are often connected to the gray market.

Secondly, the brands must educate their consumers about the official stores’ sites. While advertising and marketing products, the brands can easily throw in the knowledge and importance of buying the products from original and authorized stores and locations. Consumer education helps offline and online brand protection, allows customers to purchase anti-counterfeit and authentic products, and gives the customer a warranty.

If the brand spots gray market retailers, they can send a cease-and-desist letter. It serves as a prelude for the subsequent legal actions that the brand can take in case the dealer doesn’t stop selling unsanctioned products. The brands can take legal steps because they violate intellectual property protection and MAP violations, including many other offenses.

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How To Avoid A Scam In The Name Of Best Forex EA?

How To Avoid A Scam In The Name Of Best Forex EA? The Problem With Finding The Best Forex EA, Prerequisites Of The Best Forex EA

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How To Avoid A Scam In The Name Of Best Forex EA

Those associated with the forex market already know scams and misleading knowledge everywhere. At a certain point, it becomes tough to avoid these innovative scams and bad advice that could seriously harm one’s forex trading experience either wholly or partially.

We tend to find the “best” to work with, for example, the best broker, the best trading platform, and the best forex EA. But in reality, there are no best options available. It’s just that some options suit one’s trading requirements and expectations ideally, so we consider them the best. 

A forex expert advisor is often called a forex robot, which helps traders make buying/selling decisions by analyzing every piece of available market data fully or partially automated (depending on the setting chosen by traders).

This technology is considered a breakthrough for forex traders who do not wish to spend considerable time making trading-related decisions. The best forex EAs are developed by expert developers using a complex algorithm that supports its underlying technology to help traders reach their full potential.

1. The Problem With Finding The Best Forex EA

The idea behind forex EAs is genuine and helpful, but the so-called options available for traders are not worthy of trust. The situation calls for traders to obtain proper knowledge regarding these forex EAs to distinguish between a good functioning forex EA and a dysfunctional one. Down are simply a few of the numerous problems that one encounters when they are searching for the best forex EA;

It is a crowded market where hundreds of thousands of EAs do the same thing and sound similar. One cannot choose by simply distinguishing based on the name, so they must watch unique features and offer while trading forex pairs.

If you do not know about the red flags concerning these forex eas available in the market, there is no telling what sort of loss is waiting for you in the future. Several robot providers do not share the name and other detailed information regarding the technology used in making the EA which is never a good idea.

The Problem With Finding The Best Forex EA

If the forex EA you want to use while trading does not offer a free trial period or a risk-free return, then maybe it is time to look for alternatives. But the main trouble is that most forex robots marketed as the “best forex EA” seldom offer such benefits to new users. In that case, try to avoid investing heavily in a forex ea before checking its track record and drawdown percentage.

2. Prerequisites Of The Best Forex EA

These features significantly increase your chances of making it big in the forex market without facing scam robots. Making sure that the following characteristics are integrated within a forex robot of your choice ensures that your complicated, hard money is in safe hands;

Accessing the global forex market should not be a problem if you have a quality forex EA to help you trade. Most first-timers are unaware that some forex eas put a limit over the user who can access the global forex market and still use all of the robot’s functions.

A decent forex robot is meant to help traders cut back the time spent on detailed market observation, research of market-movers, and making strategies without sparing a moment to focus on other engagements that they might have.

If your forex ea is not helping you trade remotely without causing your trading account to lose significantly. If you own a forex ea and still are spending all your time trading forex, then it is time to find a new and better forex robot.

Using the best forex ea means you do not have to concern yourself with basic trading strategies anymore as the algorithm can take care of it by itself in a market that is active 24/7. Only the best forex ea will allow one to customize their trading strategies effortlessly to get better results.

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