Welcome!

Web 2.0 Authors: Liz McMillan, Carmen Gonzalez, Pat Romanski, Rick Delgado, Elizabeth White

News Feed Item

The Secret Golden Fish of FX: Eight Ways to Achieve Success and Growth in the Retail FX Market

MOSCOW, December 6, 2012 /PRNewswire/ --

  • FOREX CLUB presents a roadmap for growth and success in the retail FX industry
  • Insights and recommendations apply to all key players, including Introducing Brokers, traders, money managers, and the brokers themselves

At the 2012 10th International Finance & Money Fair in Shanghai, China's leading annual financial services conference, Demetrious (Dema) Zamboglou, Head of Hedge & Quant at FOREX CLUB, spoke on how to achieve successful consumer FX business and trading by understanding and adhering to the principles of the 'Eight Golden Fish of FX'.  These are eight essential steps that brokers, IBs, money managers and traders themselves should apply to find wealth and success in the world of retail FX.  

     (Logo: http://photos.prnewswire.com/prnh/20120517/533090 )

To view the accompanying presentation, please click http://www.multivu.prnewswire.com/mnr/prne/prnewswire/forex/To-Know-the-Eight-Secret-Golden-Fish-of-FX-English.pdf

The eight golden fish of FX are:

  1. Education - FX rates are driven by multiple factors and the key to success lies in making informed decisions.  Education is essential to gain a predictive edge by understanding technical/fundamental analysis tools and mastering high performance solutions and making the most out of being part of a trading community
  2. Execution - This is a make or break-it prerequisite for successful trading and it's essential for brokers to provide to all their clients.  Traders and investors must pick the best platforms for execution to achieve razor-sharp entries and exits, mitigating slippage and ensuring greater returns
  3. Pricing - Traders and investors must look for transparency when selecting a broker/trading platform to maximise profitability.  Costs such as commissions can be obscured by less scrupulous brokers
  4. Reputation - Listen to the endorsements of other traders and participants in the industry when selecting a broker and pay attention to the conversation taking place in reputable independent social media online trading communities.  Reputation is key to mutual success  
  5. Transparency - Be certain that your funds are safe, whether you are an IB, money manager or trader yourself.  Ensure all costs, terms and conditions are clear and that there is a dedicated and trusted range of client support services available 24/7
  6. Analytics - Being informed means being ahead of the crowd.  Access to the best information, in real-time and having the right tools to process this drives success in FX trading and the FX industry as a whole
  7. Regulation - Reputable brokers promote transparency, trust and regulated client-broker relations.  Choose the broker that can offer organised exchange with the highest standards of regulation and transparency  
  8. Discipline - Don't let emotions hurt your profits.  Poor execution, lack of experience, hidden costs and insufficient information can all lead to failure - but it finally comes down to emotions and discipline.  Traders of all levels should develop their own system for trading, set profit targets (with stop-losses and know when to take profits), and choose the right partner based on reputation, transparency, price, execution, information and - especially for traders who comprise the biggest demographic of the market: education for inexperienced (first-time, novice) and intermediate traders.

Commenting on the eight golden fish of FX, Dema Zamboglou, Head of Hedge & Quant, FOREX CLUB, said: "We wanted to share with our important Chinese audience of financial experts our insights on retail FX best industry practice, standards and principles to ensure and on show them that FX trading can be done successfully if you follow some clear guidelines and principles.

"FX is one of the fastest-growing asset classes globally and is attractive to clients of all backgrounds and levels of experience.  And the most important part of successfully navigating the FX market when you are an inexperienced or intermediate trader is education. By appreciating the value of these eight golden fish of FX, traders, investors, IBs, money managers, and consumers, have the potential to realise success and growth for long-term prosperity."  

Notes for Editors

About the speaker

Demetrious Zamboglou, Head of Hedge & Quant, FOREX CLUB

Demetrious (Dema) Zamboglou joined FOREX CLUB as Head of Hedge & Quant in February 2012. He is also a Board member of the FOREX CLUB Group of Companies.

Dema is responsible for managing market risk, product pricing framework and enhancing and managing profitability under regulatory constraints.  He has a strong track record of leadership in derivatives trading, mathematical modelling, evaluation and promotion and proven quantitative and technical capabilities, with an innovative and lateral approach to computer programming, algorithmic projects management, trading systems and global automated exposure.

Prior to joining FOREX CLUB, Dema was Risk Analyst and Project Coordinator at Alpari (UK) Ltd. While in this role, he oversaw improved profit margins and overall business performance through devising innovative turnaround strategies and stress models, as well as assisting with trading policy development. He also headed up the UK and US global automated exposure project, driving risk management policies and strategies following the FSA and CFTC regulatory changes.

He was a Square Mile Magazine (UK) '30 under 30' finalist in both 2010 and 2011. Dema is currently studying for a PhD in 'Risk Signalling in Financial Trading Operations' at Kings College London.

About FOREX CLUB Group of Companies

Please click on this link for more information FOREX CLUB.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories

SUNNYVALE, Calif., Oct. 20, 2014 /PRNewswire/ -- Spansion Inc. (NYSE: CODE), a global leader in embedded systems, today added 96 new products to the Spansion® FM4 Family of flexible microcontrollers (MCUs). Based on the ARM® Cortex®-M4F core, the new MCUs boast a 200 MHz operating frequency and support a diverse set of on-chip peripherals for enhanced human machine interfaces (HMIs) and machine-to-machine (M2M) communications. The rich set of periphera...

WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at Internet of @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, will discuss how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
Predicted by Gartner to add $1.9 trillion to the global economy by 2020, the Internet of Everything (IoE) is based on the idea that devices, systems and services will connect in simple, transparent ways, enabling seamless interactions among devices across brands and sectors. As this vision unfolds, it is clear that no single company can accomplish the level of interoperability required to support the horizontal aspects of the IoE. The AllSeen Alliance, announced in December 2013, was formed with the goal to advance IoE adoption and innovation in the connected home, healthcare, education, aut...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation and integration; and visibility through intelligent business operations and big data.
Be Among the First 100 to Attend & Receive a Smart Beacon. The Physical Web is an open web project within the Chrome team at Google. Scott Jenson leads a team that is working to leverage the scalability and openness of the web to talk to smart devices. The Physical Web uses bluetooth low energy beacons to broadcast an URL wirelessly using an open protocol. Nearby devices can find all URLs in the room, rank them and let the user pick one from a list. Each device is, in effect, a gateway to a web page. This unlocks entirely new use cases so devices can offer tiny bits of information or simple i...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, will address the big issues involving these technologies and, more important, the results they will achieve. How important are public, private, and hybrid cloud to the enterprise? How does one define Big Data? And how is the IoT tying all this together?
TechCrunch reported that "Berlin-based relayr, maker of the WunderBar, an Internet of Things (IoT) hardware dev kit which resembles a chunky chocolate bar, has closed a $2.3 million seed round, from unnamed U.S. and Switzerland-based investors. The startup had previously raised a €250,000 friend and family round, and had been on track to close a €500,000 seed earlier this year — but received a higher funding offer from a different set of investors, which is the $2.3M round it’s reporting."
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. Every other IT news item seems to be about IoT and its implications on the future of digital busines...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
IoT is still a vague buzzword for many people. In his session at Internet of @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, will discuss the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. The presentation will also discuss how IoT is perceived by investors and how venture capitalist access this space. Other topics to discuss are barriers to success, what is new, what is old, and what the future may hold.
The Internet of Things needs an entirely new security model, or does it? Can we save some old and tested controls for the latest emerging and different technology environments? In his session at Internet of @ThingsExpo, Davi Ottenheimer, EMC Senior Director of Trust, will review hands-on lessons with IoT devices and reveal privacy options and a new risk balance you might not expect.