Forex Trading Company

Oct 8, 2009

General

Forex trading company

What do i need to have before i could set up a company and sell Forex Trading alerts to customers?

Apart from having a good strategy and money for initial setup, what do i need to have before i could set up an online company in Singapore and sell forex trading alerts to customers?
Any licences? Qualifications?
Cheers!

Good Luck With that one , you will need to be able to compete with the Best of the Best as of right now forex ring leader is considered the top Forex Signal alert Company and has been around for about 3 years and has never lost a month yet! Then you’re going to have to be able to beat there minimum pip guarantee of 350 pips per month or the next month is free. Last time I check there where giving out free trials still.
Then you’re going to need to be able to send your alerts via e-mail and “sms” around the world and to any country in under 5 seconds. And you’re going to need a detailed trading report that is to verify or risk being called a scam. There are a lot of alert services that pop up every month but never last long due to the stiff completion from the big guys. Before you waste your time take a look at fxringleader track record for ideas on how good you’re going to need to be. And whatever you do when you build a new alert site NEVER post a fake trading history. It’s easy to detect and you will be out of business fast.

This is the current trading report: http://www.fxringleader.com/PastAlerts/View_All_Reports/index.html

Best Forex Trading Company

Forex trading is quite rapidly becoming the most lucrative business across the globe; Forex (foreign currency exchange) market is in fact the largest trading market in the world today.
This is a multi-trillion dollar industry; the recent unhindered growth in the forex industry clearly shows that it is unaffected by the ongoing global credit crisis. Average daily turnover in standard foreign exchange market transactions totaled a record $3.2 trillion in April 2007. Overall turnover, including non-standard foreign exchange derivatives and products traded on exchanges, averaged nearly $3.6 trillion a day.

It is a bit complicated to measure the top operatives in this industry. The Forex Market has different levels of access; the inter-bank market consisting of huge investment banks is at the top. The top 5 global foreign exchange banks by turnover as ranked by euro money in 2008 are: Deutsche Bank with a market share of 21.70%; UBS with market share 15.80%; Barclays Capital (9.12%); Citi (7.49%) and RBS (7.30%). The level of access is in fact based on the amount an entity is able to exchange in the market. After investment banks comes large multi-national corporations. These are important market share holders and usually exchange foreign currency for goods or services. Although the traded amount is small in comparison with the amount traded by large investment banks, but still exchanges by the multinational companies manage to have short term impact in the forex market. We have other entities in forex market like central banks, hedge funds, investment management funds and brokers.

The financial institutes and other companies working in this field (more commonly known as foreign exchange brokers) offer currency trade and payments services to private individuals and companies worldwide. It is not easy to measure their success, but few factors could be used in evaluating these forex companies; these factors are reputation, customer service and support, user friendliness of the Trading Platform, execution and pip spreads etc.

The development of online Trading Platforms has turned the individual customers segment of the forex business more competitive and has enabled the evolution of non-bank service providers.

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