123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

What Does The Future Hold For Forex Trading?

Profile Picture
By Author: Amir Milan
Total Articles: 1
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The forex industry is one of the largest markets in the world with daily average trade volumes ranging in the trillions. With such a large trade volume, it is a lynchpin in the functioning of the global economic order and commerce. Regulated predominantly by large financial institutions such as central banks and large corporations, the forex industry is a highly centralized industry with the retail forex traders making up a miniscule percentage of its trading volume.

But technology never bodes well for centralized organizations. In recent years, several industries have been decentralized in the wake of technology making inroads and democratizing them in the process. With this being the case, what does future hold for Forex trading in Nepal, now that several technologies have entered the fray and are capable of disrupting the existing order?

What Does Future Look Like?

Advantages For Traders:
ECN is today the newest entrant in trading. It has improved the accessibility of trading and made it faster. With ECN trading, the role of forex brokers has moved from being a market-maker to that of an intermediary. ...
... As technology evolves, the role of brokers will gradually be taken over by automated systems

Knowledge Is Power:

Today, day trading is ever more dependent on micro factors than before. While technical traders still make up sizable segment of the market, the explosion of information on several markets and asset classes means that small account traders can engage in CFD trading in several emerging markets such as forex trading in Nepal.

Robots In Forex:

Due to algorithmic trading, more and more robots have entered the trading industry and are spearheading the trading activities. This means that the competition for humans is no longer other humans but robots. And since these robots run on codes, tomorrow’s traders will be gifted programmers and not financial analysts.

Increasing Access:

Due to several retail online traders entering the fray, online brokers in Nepal like WesternFX have focused their attention to improve the accessibility of the forex market to this new crop of traders. This could lead to fall in pricing and tighter spreads and more secure regulations in the industry.

The online trading scene emerging markets is lucrative for novice traders to step in. The future looks promising and is likely to be shaped in favor of the traders as emerging technologies like cryptocurrencies also gain prominence.

More About the Author

WesternFX, a forex trading broker in Nepal, is a name that's synonymous with quality, service, security and integrity, across the world. Trusted by thousands of traders, the brokerage provides leading-edge trading platforms to make trading accessible, easy and efficient for all. Some of the noted features include flexible bonuses, high leverage, easy withdrawals and tight spreads, among others.

Total Views: 755Word Count: 386See All articles From Author

Add Comment

Investing / Finance Articles

1. Top Features To Look For In A Stock Trading Platform
Author: Aman Kumar

2. Top Trade Credit Finance Solution Providers: A Substantial Guide For Businesses
Author: Merchant

3. Top Benefits Of Investing In Property Through Your Super In Australia
Author: Rick Lopez

4. The Effect Of Fee Structures On Investment Returns Over The Years
Author: Amit

5. East V/s West: Where Should You Buy A Home In Mumbai?
Author: Horizon Consultants

6. Investing In Bira 91 Unlisted Shares With Sn Capital: A Smart Move For Forward-thinking Investors
Author: sncapital

7. Colour Trading In India: Legal Or Illegal? What You Need To Know
Author: MyEasy Trade

8. Discover The Best Coaching In India With Pure Soul Academy
Author: sandeep

9. Decoding Rbi’s Latest Guidelines: What Financial Institutions Need To Know
Author: Verity knowladge solutions

10. Rethinking Solar Sales: Why Appointments Work Better Than Leads
Author: Shan Tait

11. Boost Your Finance Skills With Pure Soul Academy’s Retail Lending & Advances Certification
Author: sandeep

12. Nippon Steel's Bold $14b Move | U.s. Deal Impact | Impaakt
Author: Impaakt Magazine

13. Unlock The Potential: Buy And Sell Apollo Green Energy Unlisted Shares Online
Author: sncapital

14. Psychology Of Earning In Games: Are Crypto Games Changing Gamer Behaviour?
Author: Saloni Mehta

15. Neptune Petrochemicals Ipo: Your Friendly Guide To Investing In Bitumen Products
Author: finowings

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: