Liga Forex Social Trading Network To Be Launched - China on the Agenda

Whilst China remains a relatively inaccessible destination for FX brokers in which to establish their businesses, it is a region which continues to create great interest due to its sheer number of enthusiastic traders and therefore, FX companies have often resorted to creative methods of attracting a Chinese client base from outside of the country.

Today, E-Global Trade and Finance Group has announced that it will be launching a new social trading network on September 13, at the CIOT Expo in Shenzhen, China.

Under the designation of Liga 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 tradi 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 tradi Read this Term, the social trading network will be made available to an international audience with the exception of clients in the United States, despite its Chinese launch.

However, although available internationally, a distinct emphasis is being placed on a Far Eastern audience, exemplified by its support of Chinese Mandarin, Indonesian and Malay languages alongside Russian, Spanish, French, and Croatian to satisfy other markets.

As China’s government prohibits overseas companies to conduct business within its mainland, and similarly does not welcome joint ventures with overseas firms, Liga Forex is hosted outside China and does not demonstrate a bias toward any region, however, its launch in China and support of the languages demonstrate the importance to E-Global Trade and Finance Group of utilizing social trading to generate volume and Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the large potential client base in mainland China.

"We're thrilled to exhibit Liga Forex in China," said Denis Mysenko, Liga Forex's Director in a corporate statement. "There's a new generation of young investors in China and other emerging markets who are really savvy. They're looking to make money, minimize risk and have fun at the same time."

Liga Forex is designed for PC operating systems as well as mobile devices which will include iPhone, iPad and Samsung Android devices.

"We think customers are going to love how engaging and simple the platform is to use, and how beautiful it looks on their iPhone, iPad or Samsung Android device” concluded Mr. Mysenko.

For full and detailed information relating to approaching the Chinese market, Forex Magnates' extensive China Report can be purchased here.