Thursday, July 15, 2010

Why popular Forex?

We decided to apply to the well-known for "my" side of the business people, professionals. It is the involvement of many "behind the scenes" events and the mysteries undoubtedly makes their opinion of value for those who are engaged in, or plan to engage in Forex trading.

Here's what they believe:

Eugene Sokolinskii, director of the DC Akmos Trade:

- The popularity of Forex - we have explained, in my opinion, a combination of several factors. One of them, in the absence of regulatory rules by the state, there are many proposals for different tastes - from $ 1 to all you want. Further, in the presence of the Internet for many, including free (khalyavnykh) at work, but many also at home, created a simple opportunity to take a proposal to spend "speculators", but this is more prestigious, while on the job and at home, with virtually nothing, as a man (usually) first worked up the Internet, and then he attached to the Forex.
Rules in Forex is easier than playing a "fool" and learn how to press buttons on these rules can be the day, while the Web you are completely impersonal. Knowing the 10 words in any forum you can speak with their views, plenty to lie and pretend and live a wonderful life of a prosperous and condescending "businessman". All this pokarmlivaet "soil" Forex - fellows, poor, but rich in spirit, working on different affluent demo, Violence kryaknutaya "TS and filling multiple forums. Since work successfully in Forex Demo (sometimes with fantastic results) is no more difficult than the shooter in the Doom - e, then any available some funds or having the opportunity to get some funds, there is a natural desire to realize what is obtained in the demo (even if only at 10 times less) in real and I think that to resist this for a man who is in reality does not work (but it has this capability) after successful work in the demo is almost impossible.

Eric Naiman, author of books for traders:

 - The popularity due to the high potential profitability, convenient time work (compared with U.S. stocks to trade up late), the apparent simplicity of earnings (in the actions required to assess the fundamental corporate news, track the recommendations of leading analysts, etc.), good liquidity Throughout the time of day (especially when compared with commodity futures). This, I think the main reason. Although one can also note and popular forex post-Soviet space (I personally see the beginning of a mass coming into this market at least since 1995, shares the same people are reached much later).

Vyacheslav Taran, director ForexClub:

- Origins of the popularity of forex lie in the eternal Russian dream of a freebie, to do nothing and the wave of the wand and vyalomu volition suddenly get a bag of bucks. For serious and a little burdened public higher education in Russia, there are beautiful and glamorous casinos, for the lumpen and all the random folk - slot machines. But where to go lucky owner of high school diploma? How can he use his powerful mathematical tool and numerous knowledge? The casino is scary to lumpen dumb. Yes, and bursting with ambition and nice little twists - earn your mind, I will not like these stupid thieves and bandits. Again entourage in forex okolonauchny with signs of a noble work. And the man goes to the Forex.

Alexander Rybalchenko, head of marketing department, REUTERS:

- Popularity of the FOREX obliged several reasons, most importantly, that it one can find their attractive side. Initial familiarity with this market is due to the widespread belief about the possibility to earn a lot and quickly, and this conviction derives as much from advertising and from the lips of those who already plays or arranges trade. Note that if the ads are not very clearly shows the possibility of rapid enrichment, the remaining members of the opposite, as clearly as possible, with the numbers in the hands of proving how much you can earn yesterday or the day before. Perhaps you yourself remember how it was? "Yesterday the dollar - euro tribute done 1600 items, if have $ 1000, while the shoulder 100, the amount of winning could make 1000 * 100 * 1600 = 16000 euros, net of expenses is ..., and the likelihood that you're playing with quality about 50 - 60 - 70% ... "and so on and so forth. A compelling visual propaganda, is not it?
After the first meeting will become apparent mass of the pitfalls, as later, but each participant meets with the first indescribable feeling - "I won!". The burst of adrenaline, course up, profits are not countable! (However, losses, too). Later comes a sobering, there is a desire to have "stable" revenue. Players begin to share in the informal interest groups - there is the mass of trading strategies, market indicators, which should look when he is studying the theory of technical analysis, create your own. Unfortunately, creative approach to the creation of trading strategies are not always accompanied by their insufficient testing, and as a consequence, the outflow of losing players to the market.
Participants are divided into supporters of the programs tracing of graphs (usually purchased at Mitino market), parties to a dispute before the rattle of the benefits of a program. As soon becomes clear, what program is better, the period of search for a reliable source of reliable data, time series for various currency pairs. And then there is a new version with new features and cycle repeats.

Oleg Gavrilin, manager of Leaf-Finance:

- From my point of view of the main reasons for the unusually high popularity of the FOREX market in Russia and CIS countries are quite obvious:
1. A very active promotional activities of the different structures of service providers to ensure access of potential customers for trading on the FOREX. It is worth mentioning that most of the so-called dealing centers as opposed to brokerage firms offering services for access to the Russian stock market did not compete for existing trained clients - investors, and form their own customer base through various marketing activities. As an example worth quoting: free or shareware learning the basics of investing in different financial markets (the main priority is naturally given to the FOREX), feed ads in various media about the "job as an analyst of global financial markets" and a number of not posed methods of network marketing.
2. Extremely low collateral requirements and minimum fees. It also helps promote FOREX theoretically is possible to get super-profits for a sufficiently small initial capital, which in itself is close to most post-Soviet people.
3. The apparent ease of analysis and forecasting of price movement in the next time.
4. That sense of self worth and ownership in the formation of global macro-economic processes, which gives many traders bid on the FOREX.
5. Also on the popularity of the world financial markets in general and in particular FOREX affects the attention given to the situation in these markets, various Russian media over the past years. That is because this is constantly said in news programs and various analytical reports about what a Dow Jones and NASDAQ now know far more people than ever before.

Oleg Gushin, Senior Consultant for the product, CQG:

- Perhaps the question should be a little different - why Forex is more popular than Commodities and Stocks? Apparently, because of the simplicity and low cost access to operations that are called retail traders to trade in Forex. This proves the fact that recent U.S. and Russian trade in shares began to use not less popular.

Alexander Kononets, marketing department, FXEuroclub:

- In my opinion, the forex is far from popular. First steps to promote the Forex are  just beginning. Internet itself and the internet brokers specializing in the Forex market (in particular), open to the public completely new opportunities - managing their own capital in a completely independent and not controlled environments. Cash turnover in traditional business processes take place in several hundred times slower than in Forex. Demonstrable potential and unlimited opportunities quick money in forex, combined with new forms of doing business certainly attract people who are inherently hazardous and simply can not exist without the periodic or continuous participation in high-risk transactions. To some more, somebody less, but almost all of this is necessary for the stimulation of adrenaline. Some people go to casinos, others play the stock market, and still others do both, and in addition to everything else and jump with a parachute. Forex - is something new, until recently, quite a taboo for the general public. I think that the real peak of Forex and start promoting its tangible slowdown comes just five years later, when new forms of business management in the environment of e-commerce will be for us as natural as it is today traditional businesses. When any transactions associated with business relationships will be managed from the network, people who are constantly working to improve our capabilities. As e-commerce - is the best solution from those that were produced to light over the last 2000 years (as far as we can remember myself).

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