Forex Magnates' Industry Report for Q4 2013 brings the most intriguing debate from London Summit - does anyone actually make money in the forex market? Forget about retail, what about the rest of the industry?
The question of the day is whether anyone actually makes money in the (pick your name of choice; FX,Forex, Currency or Foreign Exchange) market?
Before delving into that question, I want to point out that this is a promotional post for our just completed Q4 Forex Magnates Quarterly Industry Report (QIR). It’s our largest ever in terms or articles that were included in the report. For those of you who have read previous editions, you are familiar with the report and the in-depth analysis it provides into the retail and institutional FX industry. If you haven’t checked it out before, here’s your chance to start out fresh for 2014 and get ahead of the game. You can check out this link for the entire list of contents.
With that out of the way, among the articles included, a look back at last November’s Forex Magnates London Summit. Unlike typical event review articles, the focus of the post in the QIR was lesser known items taking place as well as important trends taking place. Among the items during the event were numerous panels taking place with discussion about the industry. If you’ve read previous articles of mine on Forex Magnates, you may have deduced that my personal favorite was the Technology in FX panel which I found to be the most diverse and informative. Among the other panels, one that got off to a bit of a weak start, but then began to roll nicely was the buy-side discussion which discussed whether FX is a proper asset class.
Participants answered unanimously that FX is an asset class, especially as close to 100% of volumes are speculative. However, alluded to during the panel was the question of whether anyone is making any money in FX trading. When it comes to retail investors, Forex Magnates' Quarterly US Profitability Reports represent that around 65% of all US customers experience losses in their accounts every quarter. However, even beyond the retail segment, panelists pointed out the difficulties among professional traders in FX, especially among fund managers, where the industry’s longest lasting fund, FX Concepts closed its business during Q4 2013.
Among reasons for the difficulties in trading FX, the assets' unpredictability was mentioned. Describing this, Fabio Frontini, Founder, Abraxas Capital Management Limited, summed it up by explaining that, “People think the FX market is easy, but it isn’t. There is no bias, it becomes a 50/50 market.” He added that this differs from equities where there is a natural bias for the long side.
So What?
As one can imagine, client losses wouldn’t be something that a market maker driven industry is too worried about. But, the question beckons, what if the industry becomes branded a ‘fools game’? On a longer-term outlook, the industry could face an identity crisis if traders fail to see much of an opportunity for gains. While the potential profits of accessing forex’s massive Leverage and a 24-hour market will always attract traders, the reality is that trader interests change. In this regard we are already seeing an increase of non-FX products coming to light (bitcoins anyone?).
(One more QIR plug) For more on this question, insights at the London Summit, and the entire industry report which includes analysis on emerging trends and key broker volume figures, head on over to the Quarterly Industry Report main page.
The question of the day is whether anyone actually makes money in the (pick your name of choice; FX,Forex, Currency or Foreign Exchange) market?
Before delving into that question, I want to point out that this is a promotional post for our just completed Q4 Forex Magnates Quarterly Industry Report (QIR). It’s our largest ever in terms or articles that were included in the report. For those of you who have read previous editions, you are familiar with the report and the in-depth analysis it provides into the retail and institutional FX industry. If you haven’t checked it out before, here’s your chance to start out fresh for 2014 and get ahead of the game. You can check out this link for the entire list of contents.
With that out of the way, among the articles included, a look back at last November’s Forex Magnates London Summit. Unlike typical event review articles, the focus of the post in the QIR was lesser known items taking place as well as important trends taking place. Among the items during the event were numerous panels taking place with discussion about the industry. If you’ve read previous articles of mine on Forex Magnates, you may have deduced that my personal favorite was the Technology in FX panel which I found to be the most diverse and informative. Among the other panels, one that got off to a bit of a weak start, but then began to roll nicely was the buy-side discussion which discussed whether FX is a proper asset class.
Participants answered unanimously that FX is an asset class, especially as close to 100% of volumes are speculative. However, alluded to during the panel was the question of whether anyone is making any money in FX trading. When it comes to retail investors, Forex Magnates' Quarterly US Profitability Reports represent that around 65% of all US customers experience losses in their accounts every quarter. However, even beyond the retail segment, panelists pointed out the difficulties among professional traders in FX, especially among fund managers, where the industry’s longest lasting fund, FX Concepts closed its business during Q4 2013.
Among reasons for the difficulties in trading FX, the assets' unpredictability was mentioned. Describing this, Fabio Frontini, Founder, Abraxas Capital Management Limited, summed it up by explaining that, “People think the FX market is easy, but it isn’t. There is no bias, it becomes a 50/50 market.” He added that this differs from equities where there is a natural bias for the long side.
So What?
As one can imagine, client losses wouldn’t be something that a market maker driven industry is too worried about. But, the question beckons, what if the industry becomes branded a ‘fools game’? On a longer-term outlook, the industry could face an identity crisis if traders fail to see much of an opportunity for gains. While the potential profits of accessing forex’s massive Leverage and a 24-hour market will always attract traders, the reality is that trader interests change. In this regard we are already seeing an increase of non-FX products coming to light (bitcoins anyone?).
(One more QIR plug) For more on this question, insights at the London Summit, and the entire industry report which includes analysis on emerging trends and key broker volume figures, head on over to the Quarterly Industry Report main page.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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