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 Magnates' reporters have learned about a big acquisition deal in the “lottery messenger” industry, which we introduced to our readers earlier this summer. One of the first white label platform providers in the industry, LottoYard, purchased LotteryMaster.com. The company has been acquired for an undisclosed sum.

The website LotteryMaster.com has been actively working on the market since 2010, which has resulted in a rather strong brand. At the same time, according to information exclusively obtained by Forex Magnates, the firm has spent close to $5 million since launching in 2010 and possesses its own technological solution.

Aside from acquiring know-how, by being among the early entrants into the new industry four years ago, the company possesses a valuable list of clients. LottoYard has several  White Labels  White Labels White Labeling or white labels are an extremely common practice in the forex market, which implies one buying another firm’s product and then marketing it as its own. This is routinely done in the retail space, as white labeling is helpful in utilizing trading software, platforms, and other additional services that brokerages may offer.What Are the Benefits of White Labels?White labeling is very popular in the forex market given the benefits it bestows to all parties. This includes both the buyer and seller of a given product.In terms of product-makers, these parties benefit from selling their software and platforms as it garners additional income. This also removes many costs associated with marketing their own product.Indeed, product-makers generate additional income for selling their platforms and software, without having to rely on marketing costs or advertising their products directly to traders.Additionally, traders are much more likely to stick to their existing trading platforms, which makes the adoption of technology in this way a natural fit.By extension, brokers also have many positives associated with white labeling given it saves them the cost of developing a new product in-house to attract newer clients. Forex technology has already evolved over the past decade such that newer products require large portions of capital, time, and personnel. While especially true for newer brokers, even existing players sometimes do not have these requirements in large supply, making white labels a viable option.White labeling can go a step further, with this relationship leveraging more tailored products via enhanced customization. Buying, rather than developing new software is generally easier to entice existing users to stay with the broker, while also being cost effective. White Labeling or white labels are an extremely common practice in the forex market, which implies one buying another firm’s product and then marketing it as its own. This is routinely done in the retail space, as white labeling is helpful in utilizing trading software, platforms, and other additional services that brokerages may offer.What Are the Benefits of White Labels?White labeling is very popular in the forex market given the benefits it bestows to all parties. This includes both the buyer and seller of a given product.In terms of product-makers, these parties benefit from selling their software and platforms as it garners additional income. This also removes many costs associated with marketing their own product.Indeed, product-makers generate additional income for selling their platforms and software, without having to rely on marketing costs or advertising their products directly to traders.Additionally, traders are much more likely to stick to their existing trading platforms, which makes the adoption of technology in this way a natural fit.By extension, brokers also have many positives associated with white labeling given it saves them the cost of developing a new product in-house to attract newer clients. Forex technology has already evolved over the past decade such that newer products require large portions of capital, time, and personnel. While especially true for newer brokers, even existing players sometimes do not have these requirements in large supply, making white labels a viable option.White labeling can go a step further, with this relationship leveraging more tailored products via enhanced customization. Buying, rather than developing new software is generally easier to entice existing users to stay with the broker, while also being cost effective. Read this Term connected to the company’s platform and its own label – IceLotto.

The firm has already started supplying B2B services to the new lottery messenger industry, with 5 active white labels and another 4 in the process of signing up by the end of the year. According to exclusive information obtained by Forex Magnates, the firm has already outsourced a second team of developers outside of Israel and now has two teams working on new technology.