FX Market Watch
FOREX SEO What made Forex very popular on the internet is a group of international internet marketers who picked up on Forex as something to promote. The reasons that Forex is one of the best product types for these marketers to promote is because it is purely electronic, meaning that your customer could be anyone with a computer and an internet connection (compared with something like automobiles, which can only easily be purchased within a 50-100 mile range). Also there is a high profit
on many forex products,
margin and
the ‘pitch pages’ usually have wild claims with high rates of return. Most
of these
started posting large amounts of questions in the forums and engaging in heated threaded debates.
Since
anyone can register for a forum, while moderated, the responses were questionably accurate. Most Forex
professionals would not
spend time answering questions in forums unless they were paid to do so. As there isn’t any official Forex knowledgebase,
the average client
is left to decide on his own of the accuracy of statements.
Having noted the above, the overall
What made Forex very popular on the internet is a group of international internet marketers who picked up on Forex as something to promote
are false claims,
however the internet marketers can use Forex to create a compelling argument to ‘make a lot of money’. Since many of these individuals are located online, they can live in any country and are not subject to regulations. In the future it may be an issue because while Forex has now become regulated, the internet still is not, so it is difficult to enforce regulations on domains registered private, who are domiciled in foreign countries.
Propelled by the SEO community, Forex became viral. Forums such as Forex Factory, Forex-TSD, FX Street, and others, saw their memberships skyrocket. investors
Retail searching for answers 18 FX TRADER MAGAZINE July - September 2011
community is self-moderating and education and knowledge has been increasing. That means over time, the forums have become more accurate, and wild claims such as making 50% / month with no risk, have been filtered out as false. What the forums did accomplish is popularizing Forex on the internet and giving retail customers a means of communicating with other retail customers. Now many brokers offer their own Forums to keep customers from using these uncontrolled, 3rd party forums.
2005 - 2007 ERA With the release of Meta Trader 4viii
,
retail Forex went viral globally. Since Meta Trader 4 was free and possible for anyone to download, develop and
Brokers at the time such as Alpari
Interbank
and FX
received a flood of clients who wanted to trade MQL
based
systems they had developed live in the Forex market, most of which had relatively small deposits. Also, many of these hobby developers began selling their systems for use, as well as forming trading groups where they would exchange development ideas and improvements on their own trading strategies. Te financial success of Forex brokerages such as Interbank FX and Oanda caught the attention of investors. In the case of Interbank FX, this resulted in a $40 Million investment in 2007 by venture group Spectrum Equity Investors. Oanda received $100 Million in investment capital in September, 2007ix
. Earlier that year,
State Street purchased institutional trading platform Currenex for an astonishing $564 Millionx
.
test a rule based automated trading system, millions downloaded the software.
Tradestation, the
industry standard for automated trading systems development, failed to adapt to Forex quickly enough to provide a growing number of hobby developers free development tools. To this day, Tradestation doesn’t offer a free downloadable software development environment, although it is still considered by many to be the only soſtware to use when developing quantitative systems.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88