FX and CFDs broker, FBS has strengthened its team in the Middle East by on-boarded Ahmed Negm as the Head of Research Department in its office in Egypt.
Negm already joined the brokerage earlier this month, according to his Linkedin profile.
He is a trading industry insider, having spent all of his decade-long career with various brokers. Also, he knows the Middle Eastern market very well due to his previous postings exclusively in the region.
“I have a lot of experience in Forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Read this Term ( FX ) sales in Egypt and the Gulf area and it is my pleasure to work at big companies in Egypt or UAE that helped me to be professional and systematic in our field Forex,” he stated on his Linkedin profile.
Extensive FX Industry Experience
Negm joined FBS from Orbex, where he spent almost three years as the Head of the research department. Before that, he was a Forex Trainer and a Technical Analyst at One Financial Market for a good period of time, coming to almost three and a half years.
He started his career in the FX industry with Falcon Brokers in March 2012. There, he joined as an FX trainer and handled the broker’s new clients, teaching them about the platform and FX markets, thus maintaining business relationships.
Additionally, he spent a couple of years at the Cairo office of the Admiral Markets Group (recently rebranded to Admirals) in similar roles. He was one of the early employees of the Estonian broker's new Egyptian branch and actively helped in establishing the local business. Moreover, he had a stint for a few months at EARNEX DMCC as well as being an FX Account Manager, where he mostly handled VIP clients of the broker.
Negm joined FBS when the broker was aggressively pushing for international expansion. FBS launched licensed Australian operations earlier this year and has also expanded its services with copy trading features. Recently, the broker signed a three-year sponsorship deal with the English football club, Leicester City FC.
FX and CFDs broker, FBS has strengthened its team in the Middle East by on-boarded Ahmed Negm as the Head of Research Department in its office in Egypt.
Negm already joined the brokerage earlier this month, according to his Linkedin profile.
He is a trading industry insider, having spent all of his decade-long career with various brokers. Also, he knows the Middle Eastern market very well due to his previous postings exclusively in the region.
“I have a lot of experience in Forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Read this Term ( FX ) sales in Egypt and the Gulf area and it is my pleasure to work at big companies in Egypt or UAE that helped me to be professional and systematic in our field Forex,” he stated on his Linkedin profile.
Extensive FX Industry Experience
Negm joined FBS from Orbex, where he spent almost three years as the Head of the research department. Before that, he was a Forex Trainer and a Technical Analyst at One Financial Market for a good period of time, coming to almost three and a half years.
He started his career in the FX industry with Falcon Brokers in March 2012. There, he joined as an FX trainer and handled the broker’s new clients, teaching them about the platform and FX markets, thus maintaining business relationships.
Additionally, he spent a couple of years at the Cairo office of the Admiral Markets Group (recently rebranded to Admirals) in similar roles. He was one of the early employees of the Estonian broker's new Egyptian branch and actively helped in establishing the local business. Moreover, he had a stint for a few months at EARNEX DMCC as well as being an FX Account Manager, where he mostly handled VIP clients of the broker.
Negm joined FBS when the broker was aggressively pushing for international expansion. FBS launched licensed Australian operations earlier this year and has also expanded its services with copy trading features. Recently, the broker signed a three-year sponsorship deal with the English football club, Leicester City FC.
