The Future of Forex? | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Future of forex 4 replies

Is the future of a Forex trader secure? 7 replies

Hedging forex for the future 0 replies

Is it possible to forecast future Forex movements? 0 replies

Attachments: The Future of Forex?
Exit Attachments

The Future of Forex?

  • #61
  • Sep 13, 2011 3:34pm Sep 13, 2011 3:34pm
I do not believe that some digital currency will substitute other currencies. It seems to be as unreal as using only Esperanto instead of other languages.

As for the future, it's quite obvious that quite a lot of countries want to join the European Union. It means almost immediate introduction of the Forex regulations.

And judging by the USA I am afraid that there can be some negative influence on the forex market on the whole.
  • #62
  • Sep 13, 2011 3:51pm Sep 13, 2011 3:51pm
I've thought it over for a couple of minutes and understood that the Euro must be one of the most sucessful artificial things ever developed by the mankind )
  • #63
  • Sep 16, 2011 9:54am Sep 16, 2011 9:54am
Quoting flyingiguana
eventually the currency wars are going to cause a huge problem. everyone wants to take the easy way out and export their way to prosperity.

how this shakes out and whether a 2nd great depression occurs will determine if major changes are made. countries will not want to peg their currency to some sort of commodity or gold standard unless things really blow up.

the chances of a single currency is zero. it just would not work.
Thank you. My worries are well founded but, the situation which would bring about a one world government and a single currency may never actually develop in our lifetimes. Just because certain people are willing to do anything to bring it about, and have tremendous patience through generations applied to the same goal, does not mean they will succeed.

Anyone who has NOT heard of the hidden group manipulating everything - and this is not a conspiracy theory - could look up and listen to those on the internet who are dealing only with their own experiences with the 'illuminati' or with agendas the globalists themselves release.

Suggestions: Bob Chapman, The International Forecaster, Alex Jones, Svali, Cathy O'Brien and Mark Phillips (watch her videos). Watch END GAME from Alex Jones.
  • #64
  • Sep 16, 2011 3:09pm Sep 16, 2011 3:09pm
Quoting Greenstar
Thank you. My worries are well founded but, the situation which would bring about a one world government and a single currency may never actually develop in our lifetimes. Just because certain people are willing to do anything to bring it about, and have tremendous patience through generations applied to the same goal, does not mean they will succeed.
Well the IMF does alot of things quietly behind the scenes. The world currency or global currency in it's current form if you want to go that far, is currently known as "SDR's" [Special Drawing Rights.]

Quoting from link
“A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions. And though an SDR-based system would move away from a dominant national currency, the SDR’s value remains heavily linked to the conditions and performance of the major component countries.”
So what is the answer?

Well, the IMF report believes that the adoption of a true global currency administered by a global central bank is the answer.
The authors of the report believe that it would be ideal if the “Bancor” would immediately be used as currency by many nations throughout the world, but they also acknowledge that a more “realistic” approach would be for the “Bancor” to circulate alongside national currencies at first….
Bancor will likely be the global currency.
  • #65
  • Sep 16, 2011 11:45pm Sep 16, 2011 11:45pm
Excellent post. Great link from infowars.com. It exactly summarizes but fleshes out what I already believe. The end of the article is exactly as sobering as it should be. My earlier post, to which you replied, was an effort to be optimistic and write upbeatedly when I am really unable to be so.

My real concern is: the future of forex, as well as, THE FUTURE FOR ALL OF US.

Nothing good come out of globalism. It appears to be one way to the naive and is totally the antithesis.
  • #66
  • Sep 17, 2011 5:35am Sep 17, 2011 5:35am
Quoting Greenstar
Excellent post. Great link from infowars.com. It exactly summarizes but fleshes out what I already believe. The end of the article is exactly as sobering as it should be. My earlier post, to which you replied, was an effort to be optimistic and write upbeatedly when I am really unable to be so.

My real concern is: the future of forex, as well as, THE FUTURE FOR ALL OF US.

Nothing good come out of globalism. It appears to be one way to the naive and is totally the antithesis.
Well actually that was my first post to this thread. I think it's only natural that once you have a successful system in place that you would look at other various things to see it's total potential lifespan.

If it was still 2000 we could say we will trade forex forever. But alot has changed since then. I don't think you can say that with a straight face under the current scheme of things.

America is currently spending 40 cents of every dollar just to pay the interest on our staggering debt. To make matters worse our tax code is beyond measure a waste of time, resources and the framework holding it all together is by all means a house of cards.

To put this into a better more profound example I give you UTC (United Technologies Corp). They are a US conglomerate that actually pays their taxes. To give you a clear idea of what this is like I quote from the link above...

Quoting UTC link above
The complexity of our tax system is another costly hindrance to sound business planning. Because of its size, UTC is under continuous IRS audit. At any given time there are ten to twelve IRS agents on site at our headquarters, full time, year round. Our federal tax return is almost 19,000 pages. And that’s just federal income taxes.
Remember this is one corporation... 19,000 pages! My tax return last year as a SBO was around 100 pages! Can we really afford 10-12 IRS agents per company when we are paying 40 cents in interest on our debt.

But yet you know what the common response is to fixing this unadulterated mess is? Oh, we'll close the loop holes... when in all reality the loop holes got there by closing other loop holes.

Because rules and laws change how likely is it that we will be getting more rules and laws?

Frank-Dodd... they are still sorting this mess out and writing rules. Don't hold your breath.

Congress has it's worst approval rating in history hovering at around 12%. Personally I can't approve anything they've done as of late so I think that's probably a little high.

It's unlikely they will turn it around by election time with a flat jobs report this past month... so there is plenty to be concerned with.

Change is coming whether you vote for it or not... there is no choice in the matter if you ask me. How long will it take? We've come a long, long way in just over 10 years if that should be any guide.
  • #67
  • Sep 19, 2011 8:02am Sep 19, 2011 8:02am
Quoting EasyGoer
I've thought it over for a couple of minutes and understood that the Euro must be one of the most sucessful artificial things ever developed by the mankind )
Good at completely devastating an entire continent of countries financially all at the same time at the wave of some directors hand. An artificial currency is the number one way, and the quickest way, to financial death of a country. Take America as an example, we've had a private central bank for less than 100 years, and our dollar is a mere 3 pennies of buying power, an inflation way over 90%. Not really a good thing if you ask me.
  • #68
  • Sep 19, 2011 8:30am Sep 19, 2011 8:30am
well the first step towards eliminating traders will be the tobin tax in europe. this will more the double the spread and successfull day trading strategies will be washed away. only with a 0.05% transaction tax.
  • #69
  • May 10, 2013 1:46pm May 10, 2013 1:46pm
I found this thread in google sorry for re float it

I think a global currency in almost impossible in the next decades , a 3º world country just can't have the same currency of a 1º world country or a 2º world country, there is just too many variable affecting , labor, exports-imports , inflation etc etc etc so I would not be worry about the future of Forex in that way

but my question is what will happen with the supercomputers in the near future? I mean if this is like a puzzle game that can be solved , computers can play it perfectly right? , so I don't know..... maybe the market will be crazy and support and resistance won't work anymore?
Is what I always wonder
  • #70
  • May 13, 2013 3:19pm May 13, 2013 3:19pm
They screwed anyone day trading stocks 15years back with stupid regulations for people below 25K, world wide trading US Stocks, shame I was making a good wage off it to, just no where near 25K.

It can happen and having to work again SUCKED, so make loads and plan to retire if it ever gets blocked.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #71
  • May 14, 2013 2:11am May 14, 2013 2:11am
Quoting Turveyd
They screwed anyone day trading stocks 15years back with stupid regulations for people below 25K, world wide trading US Stocks, shame I was making a good wage off it to, just no where near 25K. It can happen and having to work again SUCKED, so make loads and plan to retire if it ever gets blocked.
it seems that they wanted to prevent everybody at having a chance at succeeding with that absurd rule. another thing is hedge funds who are not allowed to receive small amounts of money from ordinary people and not allowed to advertise. preventing population from hurting herself? why on earth do you have casinos and the lottery and cigarettes and fast food and alcohol then? isn't this america the land of the free? in my mind america should create the chance for everybody to succeed not just for the people who already have the money.
  • #72
  • May 14, 2013 4:16am May 14, 2013 4:16am
Quoting deltatrade
{quote} it seems that they wanted to prevent everybody at having a chance at succeeding with that absurd rule. another thing is hedge funds who are not allowed to receive small amounts of money from ordinary people and not allowed to advertise. preventing population from hurting herself? why on earth do you have casinos and the lottery and cigarettes and fast food and alcohol then? isn't this america the land of the free? in my mind america should create the chance for everybody to succeed not just for the people who already have the money.

They made the 25K+ lot, into intraday traders as there was 4:1 margin but not over night, so they likely cost the 25K+ people there accounts.


They want, big 100K traders to jump in, blow there 100K give it to the banks and walk away, where as the little guys will lose a little, not enough for them to care about and keep going and going until eventually a few of us will take 100K of them.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #73
  • Jun 1, 2013 7:40pm Jun 1, 2013 7:40pm
The future of forex is very bright . Day by day its business is sprading all over the world,new traders join forex , they are interested in makig investment in forex market. I hope where popular is not inn in future it will be there to support people for earning.
Master Forex ║ bonus up to 75% ║Minimum deposit $1 ║Swap free trading
  • #74
  • Jun 3, 2013 2:07am Jun 3, 2013 2:07am
I think that in future more people will use Forex for earning money
  • #75
  • Nov 4, 2016 9:09am Nov 4, 2016 9:09am
I think from all those answering this question with "YES" 3 years ago none.....absolutly none......does make or has made any money in retail forex.
This industry is global fraud and everybody with little brain between their ears should know that by now.

But hey, keep on dreaming.
  • #76
  • Dec 21, 2016 8:01am Dec 21, 2016 8:01am
Finally the regulators are acting against these fraudsters....

https://smnweekly.com/2016/12/20/ita...ption-brokers/

http://financefeeds.com/terror-espio...ganized-crime/

https://smnweekly.com/2016/10/18/lar...okers-in-2016/

https://smnweekly.com/2016/12/20/bin...ves-to-cyprus/
In Israel, trading in binary options instruments was recently banned. In the meantime, the Israel Securities Authority (ISA) has also announced its intentions to ban advertising of such investments to retail clients abroad since they “damage Israel’s image”. This would mean that major brokers will not be able to operate locally-based call centers.
Earlier in 2016, several financial watchdogs, mainly in Europe, also launched an attack against binary options. Belgium banned from 18 August the distribution via online channels of over-the-counter (OTC) binary options, spot forex, and CFDs with leverage. France also banned recently the online advertising of “highly speculative and risky financial contracts”, such as binary options, forex and CFDs with a leverage greater than 5:1. Meanwhile, the Netherlands has also announced that it considers ban on the advertising of such instruments, calling them “toxic investment products for consumers”.


Game over, gamblers.
  • #77
  • Dec 21, 2016 3:34pm Dec 21, 2016 3:34pm
Quoting hendrix
{quote} Hi Syed, if you wish, I can send you all the relevant learning material I used - these are compilations of messages from Jacko, BillyRayValentine and Nick B. from Forex4Noobs. It's quite extensive but well worth the read. Contact me please via PM.
I must also say well done, you are definitely an inspiration to anyone. I'll definitely keeping up with you.
  • #78
  • Dec 21, 2016 3:52pm Dec 21, 2016 3:52pm
The future of Forex is more micro lots, faster trading and more liquid Asian currencies. At least it is what heard from traders including new ones. The thing noticed over years have been change in margin requirements in countries. These frequent unnecessary changes sometimes stopping the whole trading process. Brokers that stay with the speed and offer more new liquid pairs are going to be the leaders. Some offer lower spreads, some higher so the question for the future is

what will be an average bid ask spread for EUR/USD? May be like 0.8 pips.
  • #79
  • Dec 22, 2016 5:53am Dec 22, 2016 5:53am
Quoting Piptravel
The future of Forex is more micro lots, faster trading and more liquid Asian currencies. At least it is what heard from traders including new ones. The thing noticed over years have been change in margin requirements in countries. These frequent unnecessary changes sometimes stopping the whole trading process. Brokers that stay with the speed and offer more new liquid pairs are going to be the leaders. Some offer lower spreads, some higher so the question for the future is what will be an average bid ask spread for EUR/USD? May be like 0.8 pips....
Why micro lots specifically? What’s the reasoning behind it?
  • #80
  • Dec 22, 2016 8:45am Dec 22, 2016 8:45am
Quoting mlawson71
{quote} Why micro lots specifically? Whats the reasoning behind it?
There are few reasons. Some of them are following. If the retail FOREX is to survive or grow with all of these regulations and changing rules some flexibility to new traders, or ones already there will be with lower micro lots. Stock market had seen lower fees for trades over years and different quoting, there were times prices were 1/16 and now you can see like 5.451. 1/16 will be making it more as from 5 to 5.0625 the next move in stock, while now it can be fraction of a cent. The move was quote it in smaller increments so more people would join market and and as more joined markets become more liquid and brokers can offer better spreads. (Hopefully) Besides, more pairs are offered including Asian currencies and that in itself brings that rising middle class to FOREX, which is looking to enter these micro trades. Some Asian countries go the way Japan did as a lot there are in retail FX. Other reasons are there and know people that entered this market because of micro lots or even smaller and always ready to suggest or comment on this who is interested. Btw, FX is the biggest market and dozens times more than stock market. With much bigger liquidity & 24/7 in currencies too it makes no sense to be able to buy stocks like for $10, $2 or even penny stock and having only micro lot of .1 as the minimum for traders. Some margins are lowered in some places making people consider micro lots too lately. Great question though.
0 traders viewing now