The Secret Golden Fish of FX: Eight Ways to Achieve Success and Growth in the Retail FX Market

AsiaNet 51573

MOSCOW, Dec. 6, 2012/PRN=KYODO JBN/ --

    - FOREX CLUB presents a roadmap for growth and success in the retail FX

      industry

    - Insights and recommendations apply to all key players, including

      Introducing Brokers, traders, money managers, and the brokers themselves

    At the 2012 10th International Finance & Money Fair in Shanghai

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, China's leading annual financial services conference, Demetrious (Dema)

Zamboglou, Head of Hedge & Quant at FOREX CLUB, spoke on how to achieve

successful consumer FX business and trading by understanding and adhering to

the principles of the 'Eight Golden Fish of FX'. These are eight essential

steps that brokers, IBs, money managers and traders themselves should apply to

find wealth and success in the world of retail FX.

    (Logo: http://photos.prnewswire.com/prnh/20120517/533090 )

    To view the accompanying presentation, please click

http://www.multivu.prnewswire.com/mnr/prne/prnewswire/forex/To-Know-the-Eight-Secret-Golden-Fish-of-FX-English.pdf

    The eight golden fish of FX are:

    1) Education - FX rates are driven by multiple factors and the key to

       success lies in making informed decisions. Education is essential to    

gain

       a predictive edge by understanding technical/fundamental analysis tools

       and mastering high performance solutions and making the most out of

being

       part of a trading community

    2) Execution - This is a make or break-it prerequisite for successful

       trading and it's essential for brokers to provide to all their clients.

       Traders and investors must pick the best platforms for execution to

       achieve razor-sharp entries and exits, mitigating slippage and ensuring

       greater returns

    3) Pricing - Traders and investors must look for transparency when

selecting

       a broker/trading platform to maximise profitability. Costs such as

       commissions can be obscured by less scrupulous brokers

    4) Reputation - Listen to the endorsements of other traders and

participants

       in the industry when selecting a broker and pay attention to the

       conversation taking place in reputable independent social media online

       trading communities. Reputation is key to mutual success

    5) Transparency - Be certain that your funds are safe, whether you are an

       IB, money manager or trader yourself. Ensure all costs, terms and

       conditions are clear and that there is a dedicated and trusted range of

       client support services available 24/7

    6) Analytics - Being informed means being ahead of the crowd. Access to the

       best information, in real-time and having the right tools to process

this

       drives success in FX trading and the FX industry as a whole

    7) Regulation - Reputable brokers promote transparency, trust and regulated

       client-broker relations. Choose the broker that can offer organised

       exchange with the highest standards of regulation and transparency

    8) Discipline - Don't let emotions hurt your profits. Poor execution, lack

       of experience, hidden costs and insufficient information can all lead to

       failure - but it finally comes down to emotions and discipline. Traders

       of all levels should develop their own system for trading, set profit

       targets (with stop-losses and know when to take profits), and choose the

       right partner based on reputation, transparency, price, execution,

       information and - especially for traders who comprise the biggest

       demographic of the market: education for inexperienced (first-time,

       novice) and intermediate traders.

    Commenting on the eight golden fish of FX, Dema Zamboglou, Head of Hedge &

Quant, FOREX CLUB, said: "We wanted to share with our important Chinese

audience of financial experts our insights on retail FX best industry practice,

standards and principles to ensure and on show them that FX trading can be done

successfully if you follow some clear guidelines and principles.

    "FX is one of the fastest-growing asset classes globally and is attractive

to clients of all backgrounds and levels of experience. And the most important

part of successfully navigating the FX market when you are an inexperienced or

intermediate trader is education. By appreciating the value of these eight

golden fish of FX, traders, investors, IBs, money managers, and consumers, have

the potential to realise success and growth for long-term prosperity."

    Notes for Editors

    About the speaker

    Demetrious Zamboglou, Head of Hedge & Quant, FOREX CLUB

    Demetrious (Dema) Zamboglou joined FOREX CLUB as Head of Hedge & Quant in

February 2012. He is also a Board member of the FOREX CLUB Group of Companies.

    Dema is responsible for managing market risk, product pricing framework and

enhancing and managing profitability under regulatory constraints. He has a

strong track record of leadership in derivatives trading, mathematical

modelling, evaluation and promotion and proven quantitative and technical

capabilities, with an innovative and lateral approach to computer programming,

algorithmic projects management, trading systems and global automated exposure.

    Prior to joining FOREX CLUB, Dema was Risk Analyst and Project Coordinator

at Alpari (UK) Ltd. While in this role, he oversaw improved profit margins and

overall business performance through devising innovative turnaround strategies

and stress models, as well as assisting with trading policy development. He

also headed up the UK and US global automated exposure project, driving risk

management policies and strategies following the FSA and CFTC regulatory

changes.

    He was a Square Mile Magazine (UK) '30 under 30' finalist in both 2010 and

2011. Dema is currently studying for a PhD in 'Risk Signalling in Financial

Trading Operations' at Kings College London.

    About FOREX CLUB Group of Companies

    Please click on this link for more information FOREX CLUB.

[http://www.forexclub.biz/content/forex-club ]

    SOURCE: FOREX CLUB