fxstreet, the largest or the second largest (depends how you look at the numbers) forex portal in the world, announced that it partnered with myfxbook, the rapidly growing forex community. fxstreet will resell myfxbook’s ad space. If my memory serves me right, myfxbook offers only one ad on any page and the CPM is around $10 and up. Cheap it’s not.
fxstreet which without any doubt is trying as hard as it can to get into the evolving forex social networks and communities arena is now getting its first foothold in this space. I also believe that tight cooperation may lead to either partial or full integration of myfxbook with fxstreet or even an acquisition. After all, myfxbook is very limited on resources or on business model as I argued more than once and in some, not very distant, day a bigger, better competitor will come and bring something better and exciting to the market. Just take a look at the sprawling forex social sites such as fxbees and others.
The Participants in Forex Trading and their Role in the MarketGo to article >>
Just one correction to fxstreet’s press release – myfxbook is not a forex social network rather it’s a forex social community. Asaf Yigal from Currensee explained the difference in his comment here.