France’s capital, Paris will be holding a financial markets trading exhibition for investors looking to develop their skills in trading and investments.
The exhibition will take place on 16th and 17th September at the Espace Champerret.
The show is expected to oversee 16,000 keen traders curious to gain from leading market analysts who will be spreading their successes.
Forexmagnates team had a brief discussion with Andre Malpel chief organiser of the event. Andre is an avid trader and certified technical analyst.
How do traders trade ?
In France, most of the traders who intervene on the Forex, do so using short term intraday strategies. This strategy is known as scalping, traders try to take advantage of the slightest change in price movements and do not hold the position for a long time. So in general, they may take 20 positions in the day. Even if traders are in positive the aim is not to lose or have a very low amount of loss. If a trade is going against them then they look to break even the position.
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What brokers they use ?
In France, there are several brokers to deal with who offer Forex products. Some of them are solely dedicated to the Forex, and others are offer a combination of Futures and CFDs. The leading brokers will be participating in our event, and competition is very tough.
What trading strategies, automatic or manual, they use?
Early traders adopted a discretionary approach to trading however as traders have become more sophisticated and their understanding of the product has developed they have opted to trade using automated systems. This is particularly advantageous when traders want to play with several currency pairs, and try to arbitrate at the same time.
In General most traders are taking advantage of trend trading as the Forex markets are perhaps the most constant instruments market.
France is home to leading brokers including Saxo (acquired Cambiste), FXCM and IG Markets. Forexmagnates’ team will be conducting an in-depth analysis of the current trading climate and the future trends of FX in France.