HFX Trading Tips for Beginners

Steve
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HFX Trading Tips for Beginners

With the technological advances of the twenty-first century, making money online has become easier than ever before. However, many other people still need to learn how to get started. So, if you’re new to the world of online currency trading, often known as Forex, you might feel a little overwhelmed. Don’t be concerned. We’re here to assist you. Here are a few basic Forex trading recommendations to get you off to a good start.

One of the best HFX trading tips for beginners is to use a demo account. A demo account allows you to trade in a simulated environment using real-time market data. It is a great way to learn the ropes of hfx trading for beginners without putting any real money at risk.

Find a Good Broker

One of the most important things you can do is find a good broker. With so many different options, it can be overwhelming to figure out which is right for you. Here are a few tips to help you narrow your search and find a broker that’s a good fit for your trading style.

One of the first things you need to consider is what type of trader you are. For example, do you like to take on many risks or prefer to play it safe? It will help narrow your choices because some brokers are better suited for high-risk traders, while others are geared more toward those who want to minimize risk. Another critical factor is what kind of features and tools you’re looking for in a broker. Before making the final decision, checking out online forums and reviews is essential. 

Get to Know the Basics

Here are some basic terms every beginner should know before they start trading:

Bid-Ask Spread

There is a difference between the bid price and the asking price. The bid price is the highest amount someone is willing to pay for a security, while the asking price is the lowest amount someone is willing to sell it for. Therefore, the bid-ask spread usually represents the cost of buying or selling a security.

Pip 

A pip is the smallest unit of measurement in foreign exchange trading. It’s used to indicate the change in value between two currencies. For example, if the EUR/USD currency pair moves from 1.0950 to 1.0951, that’s a one-pip move.

Leverage

Leverage is the amount of money a broker will lend you to trade with. So, for example, if you have $1,000 in your account and your broker offers 100:1 leverage, you can trade up to $100,000 worth of currency. Be careful with leverage — it can magnify your profits and losses.

Use a Demo Account

In a demo account, you can test different trading strategies without worrying about losing money. Once you’ve found a method that works well for you, you can apply it to live trades. Take advantage of a demo account and get started practicing your skills. With some practice, you’ll be well on your way to becoming a successful trader.

Don’t Overcomplicate Things

For many HFX trading beginners, the temptation to over-analyze and second-guess every move can be shattering. But more often than not, simplicity is the key to market success.

Here are a few tips to keep in mind when trading HFX:

  • Stay disciplined with your trading plan. Don’t let emotions or outside factors influence your decisions.
  • Keep your analysis simple. Complex models and indicators can often lead to false signals and bad trades.
  • Focus on what you can control. You can’t control the markets, but you can manage risk management and position sizing.

Manage Your Risk

It would be best if you took the time to learn about HFX trading and managing the risk associated with trading. It is one of the essential HFX trading tips for beginners.

Regarding HFX trading, there are two main types of risks: 

  1. Transaction risks
  2. Market risks. 

Transaction risks include credit risk, interest rate, and country risk. On the other hand, market risks include political, economic, and liquidity risks. Here are some tips to minimize the risks associated with HFX trading and increase your chances of making a profit.

  • Diversification is one way to manage your risks is to diversify your portfolio. It means investing in a variety of countries and currencies. By doing this, you’ll be able to offset losses in one market with gains in another. 
  • Manage your emotions. Don’t let greed or fear affect your decisions.
  • Please be patient. Don’t let frustration or recklessness undermine your chances of success.

Conclusion

Finally, these are only a few Forex trading strategies. The most important, of course, is to educate yourself, not overcomplicate things, have risk tolerances, and trade with discipline. You may be well on your way toward becoming a successful Forex trader if you keep these considerations in mind.

How can businesses keep travel expenses under control?

Sharon Anderson
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How can businesses keep travel expenses under control?

Following the pandemic scenario and the raging economic crisis, it became evident for businesses to minimize the budget associated with employee travel expenditures – both for hygienic and budgetary reasons. However, one must use caution because this charge modification must not have a detrimental impact on the company’s operating effectiveness. So, this can be accomplished by the following advice:

However, before discussing this issue, it is vital to establish precisely the travel expenditures for businesses.

Where does the money go for travel expenses?

A business travel expenditure incurred when traveling for work. This might include the number of items, or services required for the trip, typically connected with being away from home for several days or weeks. Employees can be paid for expenditures such as

  • Domestic or international airfare
  • Traveling by train
  • Rental of a personal automobile
  • Taxis and minicabs
  • Business food delivery or meals
  • Hotels, inns, and serviced flats.

Of course, these costs will vary based on the size of the company and its travel and expenditure policies. So, let’s look at what businesses need to do to reduce travel expenses:

Make specific orders regarding trip expenditures.

One of the benefits of a clear travel and spending policy is that it specifies the maximum spend for each feasible item, which the finance team may use to estimate expenses. Of course, for those costs to remain low and estimates to be correct, the policy must be clear and properly implemented. Companies may save money by forming alliances and negotiating contracts with a specific list of hotels, preferred airlines, and other travel arrangements to obtain the cheapest pricing.

Make specific orders regarding trip expenditures.

One of the benefits of a clear travel and spending policy is that it specifies the maximum spend for each feasible item, which the finance team may use to estimate expenses. Of course, for those costs to Remain Low and evaluated to be correct, the policy must be properly implemented. Companies may save money by forming alliances and negotiating contracts with a specific list of hotels, preferred airlines, and other arrangements to obtain the cheapest pricing.

Rethink reservation policies.

When developing a clear travel and expenditure policy, companies must consider rewriting their reservation standards in light of the current global circumstances.

Many businesses began to assume corporate social responsibility, and as a result, some adjusted their policies. For example, if the trip duration is shorter than 2 hours, an employee should use the train rather than fly.

Tracking Expense Report Fraud

Employees may occasionally tend to enhance their bills of costs. As a result, the most efficient strategy to avoid it is to have a clear picture of spending records. Proof of expenditure is an important step in monitoring and reimbursing company expenses.

Paper reports are easier to forge; therefore, getting rid of them would be a sensible option. After then, a variety of flexible payment options might be considered.

Change from manual to digital expenditure management.

As we return to the new world, where most of the labor will be digitized, 70% of firms currently have or are working on a digital transformation plan.

Companies nowadays must be prepared to work effectively remotely at any time. Thus, they must digitize their procedures to enable paperless costs.

Passengers can only be compensated, even if they are working remotely, and remote audits of their receipts are performed, reducing interruption for finance personnel in case of future government changes, such as work-from-home or border closures.

Based on the advice provided, it is clear that the best way to save money on business travel is to use travel management software that can customize budgets for specific trips, minimize expense management by automatically limiting choices based on the corporate travel policy in place and easily scan and analyze all of the employees’ bills.

North Carolina Has 5th Most Powerful Voters In 2022 Midterms

Charlotte Stories
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North Carolina Has 5th Most Powerful Voters In 2022 Midterms

With the 2022 election approaching and voters’ influence varying from state to state, the personal-finance website WalletHub today released its report on 2022’s States with the Most & Least Powerful Voters.

WalletHub compared the relative clout of 2022 voters in swinging the seats of power in Washington. In order to make such a comparison, they calculated a Voter Power Score for each state.

In the upcoming Midterm House Race, North Carolina was determined to have the 5th most significant voter base in America.

House Elections – States with the Most & Least Powerful Voters

Rank*  State Vote Power  Rank  State Vote Power 
1 Minnesota 3.64 26 Texas 1.72
2 Alaska 3.61 27 Illinois 1.72
3 Maine 3.57 28 Arkansas 1.72
4 Colorado 3.50 29 South Carolina 1.72
5 North Carolina 3.39 30 Kentucky 1.72
6 Georgia 3.38 31 California 1.71
7 Pennsylvania 3.30 32 North Dakota 1.70
8 Michigan 3.29 33 Louisiana 1.69
9 Virginia 3.26 34 Utah 1.67
10 Florida 3.20 35 Missouri 1.67
11 Montana 2.30 36 Maryland 1.67
12 Rhode Island 2.26 37 New Jersey 1.66
13 Wyoming 2.24 38 Tennessee 1.66
14 Nebraska 2.03 39 New York 1.65
15 Vermont 1.89 40 Oklahoma 1.65
16 New Mexico 1.83 41 Washington 1.65
17 Kansas 1.79 42 Nevada 1.64
18 Alabama 1.79 43 Ohio 1.63
19 Oregon 1.77 44 Iowa 1.63
20 Mississippi 1.77 45 Massachusetts 1.60
21 New Hampshire 1.77 46 Arizona 1.59
22 Hawaii 1.76 47 South Dakota 1.48
23 Connecticut 1.74 48 West Virginia 1.40
24 Wisconsin 1.73 49 Idaho 1.40
25 Indiana 1.72 50 Delaware 1.26

1*=Most powerful

To see the methodology of the study you can see the full report here.

This year, there are a total of 359 early voting sites across our state, which is up 17% from 2018, according t a press release from the State Board of Elections.

“The 100 county boards of elections have spent months preparing for the start of in-person voting for the important 2022 general election,” said SBE executive director Karen Brinson Bell. “The bipartisan election officials who work in each early voting site are prepared for a smooth voting process and to ensure the ballots of all eligible voters are counted.”

You can still register and vote at the same time during the one-stop early voting period, October 20 through November 5, at any early voting site in their county. County-by-county early voting sites and schedules are available at the State Board of Elections’ One-Stop Early Voting Site Search.

On Election Day, November 8, polls are open from 6:30 a.m. to 7:30 p.m. Voters who vote on Election Day must go to their assigned polling place. Find your polling place in the Voter Search tool and navigate to “Your Voting Locations.”

Gastonia Police Lock Down Neighborhood After Armed Assailant Escapes On Foot

Charlotte Stories
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Gastonia Police Lock Down Neighborhood After Armed Assailant Escapes On Foot

Last night a domestic dispute in Gastonia erupted into a hostage situation, a gun fight, and a neighborhood lockdown as police used helicopters, K9 units, and dozens of officers to search for an armed assailant late into the night.

The incident began in a home off Pine Forest Drive, near the intersection of Titman Rd:

At about 11pm last night, one man was arrested, but the armed suspect still remained at large as police told local neighbors to stay inside their homes and keep their doors locked.

At about 1am last night, the armed suspect went live on Facebook and was “saying goodbye” to the camera, according to the police scanner.

Photo of helicopter last night in Autumn Acres off Titman Rd, Gastonia.

According to Gastonia Police, the armed assailant is still at large.

If you have any information about this incident or the suspect, please call the Gastonia Police Department at 704.866.3300.

NC Governor Just Released $8.45 million in Local Workforce Development Grants

Charlotte Stories
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NC Governor Just Released $8.45 million in Local Workforce Development Grants

The NC Department of Commerce has just awarded over $8.45 million to local organizations across our state.

The state granted a total of 20 special grants to 11 local workforce organizations to help jobseekers and small businesses retain and increase their workforces. The grants primarily focused on helping workers who are in the reentry process and those struggling with substance abuse.

“In today’s changing economy, we must help more North Carolinians overcome barriers to entering the workforce, particularly individuals reentering after incarceration, while also helping our employers train workers with the skills they need,” said Governor Cooper in a press release. “These grants will provide new opportunities for communities to fill good jobs and put more money in the pockets of hard-working North Carolinians.”

There were a total of 4 NCWorks Reentry Support Grants, including:

  • Charlotte Works Workforce Development Board (Mecklenburg County): A $200,000 grant will leverage the workforce board’s existing reentry partnership, alongside a new partnership with a minority and service-disabled veteran-owned business to help small businesses grow and help “non-traditional” talent secure employment.
  • Eastern Carolina WDB (Carteret, Craven, Duplin, Greene, Jones, Lenoir, Onslow, Pamlico and Wayne counties): A $200,000 grant will help jobseekers who are in the reentry process with job placement through NCWorks Career Centers and community partners in the Eastern Carolina local area.
  • Mid-Carolina WDB (Cumberland, Harnett and Sampson counties): A $100,000 grant will recruit individuals for training and work-based learning in the skilled trades. This initiative will cover eligible participants’ tuition for a short-term training certification in the skilled trades, including the purchase of needed tools and supplies.
  • Mountain Area WDB (Buncombe, Henderson, Madison and Transylvania counties): A $200,000 grant will assist individuals who are in the reentry process and are transitioning back into the community and need assistance finding skills training and supportive services to achieve more permanent job placements.

There were 5 NCWorks Substance Use Disorder Recovery Grants, including:

  • Capital Area Workforce Development Board (Chatham, Johnston, Lee and Wake counties): A $200,000 grant will help youth with, or at risk for, substance use disorders to develop and carry out a career plan that leads to successful employment. Partners will provide wrap-around supportive services and encouragement to youth participants.
  • Eastern Carolina Workforce Development Board (Carteret, Craven, Duplin, Greene, Jones, Lenoir, Onslow, Pamlico and Wayne counties): A $200,000 grant will provide training opportunities for front-line NCWorks Career Center staff on serving customers in need of substance use recovery; in addition, selected career advisors will participate in a Peer Support program to become specialists for their centers.
  • High Country Workforce Development Board (Alleghany, Ashe, Avery, Mitchell, Watauga, Wilkes and Yancey counties): A $200,000 grant will allow community partners to provide supportive services, case management, and access to skill enhancement opportunities for participants, so they can prepare to reenter the workforce.
  • Mid-Carolina Workforce Development Board (Cumberland, Harnett and Sampson counties): A $100,000 grant will connect NCWorks Career Centers to substance abuse clinics and nonprofit organizations that provide supportive services not covered by existing federal funds. Eligible participants will receive free tuition and supplies for short-term training and certificates in the skilled trades, followed by a three-month paid internship.
  • Mountain Area Workforce Development Board (Buncombe, Henderson, Madison and Transylvania counties): A $200,000 grant will assist individuals in recovery from substance use disorders through treatment support, social services, training and employment support, helping them transition back into the community with more permanent job placements.

There were 11 NCWorks Small Business Work-Based Learning Grants, including:

  • Cape Fear Workforce Development Board (Brunswick, Columbus, New Hanover and Pender counties): A $450,000 grant will implement a multiple pathway approach to connect targeted small businesses and micro-businesses with job-ready talent. The program will provide sustainability and growth options, while developing talent pipelines to meet future needs.
  • Capital Area WDB ((Chatham, Johnston, Lee and Wake counties): An $850,000 grant will make an impact on small businesses through an initiative to scale the board’s current small business workforce development focus to its entire service area.
  • Charlotte Works WDB (Mecklenburg County): A $500,000 grant, in conjunction with the Reentry Support Grant, will leverage the workforce board’s existing reentry partnership, alongside a new partnership with a minority and service-disabled veteran-owned business to help small businesses grow and help “non-traditional” talent secure employment.
  • Eastern Carolina WDB (Carteret, Craven, Duplin, Greene, Jones, Lenoir, Onslow, Pamlico and Wayne counties): A $900,000 grant will provide services and training to connect small businesses to underserved individuals with barriers to employment, while allowing the board to employ two Business Engagement Specialists, who will target and provide intensive services to historically underutilized and minority-owned businesses in the region with 25 or fewer employees.
  • Foothills Workforce Development Board (Cleveland, McDowell, Polk and Rutherford counties): A $321,000 grant will build on the existing local work-based learning program, utilizing On-the-Job Training (OJT), Adult and Youth Work Experience (WEX) and Incumbent Worker Training (IWT).
  • High Country WDB (Alleghany, Ashe, Avery, Mitchell, Watauga, Wilkes and Yancey counties): A $500,000 grant will focus on enhancing the availability of work-based learning opportunities, including On-the-Job Training (OJT), Incumbent Worker Training (IWT) and Work Experience (WEX), for the more than 9,000 small businesses in the region.
  • Mid-Carolina WDB (Cumberland, Harnett and Sampson counties): A $400,000 grant will connect small businesses and micro-businesses to jobseekers who will be trained through education and work-based learning, covering eligible participants’ tuition for a short-term training certification in the skilled trades, including the purchase of needed tools and supplies, along with a three-month Work Experience program, followed by either direct employment or an On-the-Job Training placement.
  • Mountain Area WDB (Buncombe, Henderson, Madison and Transylvania counties): A $904,000 grant will assist local employers with 25 or fewer employees impacted by the economic conditions caused by the pandemic through a variety of work-based learning tools and entrepreneurship programs with NC IDEA and the N.C. Community College System.
  • Piedmont Triad Regional Workforce Development Board (Caswell, Davie, Forsyth, Rockingham, Stokes, Surry and Yadkin counties): A $1 million grant will focus on Incumbent Worker Training to address the equitable recovery and growth of small businesses and micro-businesses that are currently facing talent shortages and skills gaps.
  • Rivers East Workforce Development Board (Beaufort, Bertie, Hertford, Martin and Pitt counties): A $750,000 grant will focus on providing local entrepreneurs with additional support through training and work-based learning funding, to enhance the skills of current employees and grow their businesses with support to hire, train and retain new workers. Partners are set to include NC IDEA and N.C. Community College Small Business Centers.
  • Southwestern Workforce Development Board (Cherokee, Clay, Graham, Haywood, Jackson, Macon and Swain counties): A $276,000 grant will invest in the region’s youth by highlighting meaningful career opportunities available locally. Another component of the board’s initiative will focus on fostering productive work environments, promoting talent development and enhancing business growth with work-based learning.

The NC Department of Commerce is about to begin reviewing new grant applications for another round of funding across our state.

If you’d like to apply for a local workforce grant, you can find out more information and apply at NCWorks.gov.

Autobell Saluting Charlotte Veterans and Active Duty with Free Car Washes Next Week

Charlotte Stories
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Autobell Saluting Charlotte Veterans and Active Duty with Free Car Washes Next Week

To honor and thank U.S. military personnel on Veterans Day, Autobell Car Wash will offer all veterans and active-duty service members a free Ride-Thru Exterior car wash, or an equivalent credit toward another wash option, at all Autobell locations around the Charlotte region on Friday, November 11, 2022. No coupon, barcode, or ID is required.

All Autobell locations are open daily; hours vary by location. Visit autobell.com to find nearby locations and hours of operation.

“This day is an important opportunity to thank and support those who have served and sacrificed for our country,” stated Autobell President and COO Carl Howard. “We want the many veterans and active service personnel among our team members and customers to know how much we value and appreciate them.”

Is Poker Online Right for You? Pros and Cons to Consider

Sharon Anderson
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Is Poker Online Right for You? Pros and Cons to Consider

Poker is one of the most popular card games in the world, and it has been enjoyed by people of all ages for centuries. These days, you can enjoy poker in a variety of ways – including online. But is online poker right for you? Here are some pros and cons to consider. 

LET’S FIRST LOOK AT THE PROS FOR PLAYING ONLINE POKER:

Play whenever you want

One of the great things about playing poker online is that you can do it whenever you want. You don’t have to travel anywhere or dress up, and you can play from the comfort of your own home. There are no set times or locations, so you can play at 3 am in your pajamas if you want!

Potential to make money

While there is always the potential to lose money when gambling, if you’re good at poker then there’s also the potential to make some serious cash. With online poker, you can start with small stakes and gradually increase them as your skills improve. Lots of online poker sites also offer bonuses for new users. There are tons of ways that players can make the most of their poker bonuses so they even have a little extra money to play with. 

Wide variety of game available at your finger tips

When playing online poker, you’ll never get bored because there are always new games and variations to try. Whether you’re a fan of Texas Hold’em or Omaha, you’re sure to find a game that suits you.

NOW LET’S LOOK AT SOME OF THE POTENTIAL DRAWBACKS: 

 

Lack of ability to read people at the table

One of the main skills that poker players use is the ability to read people. This involves looking for tells, such as body language, that might give away what type of hand someone has. When playing online poker, you don’t have this opportunity because you can’t see your opponents. This can make the game more difficult and less enjoyable for some players.

The possibility of being scammed

When playing online poker, there is always the possibility that you could be scammed by another player. While this is not common, it is something to be aware of. There are a few things you can do to protect yourself, such as only playing on reputable sites and using secure payment methods.

Various ways to pay including cryptocurrency

Online poker also allows players to get involved by playing with other assets other than fiat currency. Recently sites such as BetOnline have allowed players to use bitcoin and other cryptocurrencies as a form of payment. Be sure to check out online poker reviews to find the best poker site that offers the type of payment you would like to use.  

PROS OF PLAYING POKER IN PERSON: 

Familiarity

For many people, playing poker in-person is the only way they know how to play. It can be more comfortable to stick with what you know rather than venturing into the unknown by playing online.

Reading People

As we mentioned before, one of the key skills in poker is reading people. This is much easier to do when you’re playing face-to-face as you can pick up on physical cues that can give away what someone is thinking or feeling.

The Atmosphere

Some people simply enjoy the atmosphere of being in a casino or poker room and enjoying the excitement that comes with it. If this is something that appeals to you, then online poker might not be for you. 

Cons of Playing Poker in Person:

The Time Commitment

Playing poker in person can be very time-consuming. You have to travel to the casino or poker room, which can take up a lot of time, especially if you live far away. In addition, games can go on for a long time, so you need to be prepared for a commitment of several hours.

The Expense

Another downside of playing poker in person is the expense. Casinos and poker rooms typically have high buy-ins, meaning you need to spend a lot of money just to get started. In addition, there are other costs such as travel and accommodation expenses if you’re going to play in a city that’s not your own. 

Intimidating for New Players

For new players, the prospect of playing poker in a casino or poker room can be very intimidating. There’s a lot of pressure to perform well and if you make a mistake, it can be costly. This is one of the reasons why online poker can be a great option for newcomers to the game.

So, what’s the verdict? Is poker online right for you? It really depends on your own personal preferences and needs. If you’re looking for convenience and the potential to make some money, then online poker could be a good option for you. However, if you prefer the social atmosphere of playing in person, then it might be better to stick to traditional poker. Whichever you choose, just remember to have fun and stay safe!

Charlotte Launch of the Jeremy Chinn Foundation Provided 300 Winter Coats to Families in Need

Charlotte Stories
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Charlotte Launch of the Jeremy Chinn Foundation Provided 300 Winter Coats to Families in Need

Last night, Jeremy Chinn, safety for the Carolina Panthers, launched his Jeremy Chinn Foundation at an event at St. Johns Baptist Church in Charlotte, where he helped distribute coats to families served by Charlotte Family Housing.

162 participants received coats and social workers will continue to distribute an additional 140 coats this week to families who could not attend due to work schedules, for a total of around 300 coats going to families in need.

The initiative is thanks to a $12,000 donation from UnitedHealthcare to the Jeremy Chinn Foundation, which provides homeless families and individuals with support they need to build a positive future. The partnership is part of UnitedHealthcare’s ongoing commitment to address social determinants of health, through additional resources to families in need of extra help as they transition from homelessness to housing.

Rescue Ranch to host Outdoor Explorers Day, Veterans Day

Steve
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Rescue Ranch to host Outdoor Explorers Day, Veterans Day

Rescue Ranch will host its Outdoor Explorers Day Friday, Nov. 11 from 10 a.m. – 3 p.m. Throughout the day, families can enjoy the barnyard animal ambassadors, animal ambassador presentations, outdoor games, and the Waffle Chick food truck.

In addition, guests will have access to the Ranch’s 10,000 sq. ft inclusive playground.

Admission is $5 per person with children one and under free. In honor of Veterans Day, active-duty military members and veterans are free with ID.

All proceeds from the Outdoor Explorers Day benefit the nonprofit animal welfare organization which promotes respect for all animals through education; is committed to agricultural, environmental and wildlife conservation; and facilitates rehabilitation, rescue, and responsible pet ownership in order to enhance the human-animal bond.

Whitewater Center Opening 23,000 Sq Ft Ice Skating Rink With “Skate-Up Bar” and “Ice Trail”

Charlotte Stories
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Whitewater Center Opening 23,000 Sq Ft Ice Skating Rink With “Skate-Up Bar” and “Ice Trail”

Next week, the US National Whitewater Center will be opening our region’s largest outdoor winter wonderland.

The winter attraction will be centered around a massive 23,000 square foot ice skating rink, complete with a “skate-up bar” where visitors can order hot chocolate, coffee, or beer, as well as a brand new looping ‘ice trail’.

According to a press release from the venue, “The Whitewater Center’s ice rink has grown to over 24,000 sq. ft. this year and includes four distinct skating areas, including two ice trails and two free skate zones. The new trail addition extends access further into the Upper Pond towards the pump house and provides a brand new experience for guests”, adding that there will be “an on-ice Airstream serving hot and cold beverages when guests need a skate break”.  

Admission to the “Ice Skating and Lights” will start at $25 for a single activity pass with an anticipated opening date of mid-November.

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