Forex Trading in Dubai – Trends – Dubai Forex Brokers
Dubai Forex Brokers
April 04, 2017
Dubai is land of opportunities and since it has proven itself to be heaven for millionaires and top elite in the world especially middle east region, its becoming hub for Rich people.
In last couple of years, lot of Forex brokers have opened up their offices in Dubai and it seems to be attractive opportunity to acquire Forex Clients in this region.
At the same time, Forex Trading in Dubai is booming and it seems a norm , what it is in west, to be involved in online trading to get something extra apart from the salary.
Many Fx brokers in Dubai are conducting Seminars in various States like Al-Ain , Abu-Dhabi, Sharjah and Fujairah. Interesting thing is that .. all seminars are getting
crowd of audience and interest is shown generously to be involved in Forex Trading.
Always try with well reputed and regulated Forex brokers in Dubai and make sure, due diligence is adopted while selecting and trading with those reputed brokers. I have computed some of the source for you to see it in more detail.
Islamic Forex Brokers in Dubai
DFSA Regulated Forex Brokers in Dubai
FCA Regulated Forex Brokers in Dubai
Forex trading is becoming hot topic in middle east especially in Dubai. Dubai is surrounded by hundred of Forex brokers who are fascinating more and more traders with their promotions and services. As per the current stats, UAE is fastest growing online traders hub after Saudi Arabia. The foundation of currency trading which we know today came about following the end of fixed currency exchanges to new “floating’ currency rates in the early 1970’s. The market has managed to stay stable since this time, with interest fueled by advances in technology such as computers and telephone dealings. Because of these, more people have become more attracted to entering the Forex market.
The estimated count of retail FX traders in the Middle East exceeds 400,000, with the biggest numbers coming from Saudi Arabia and and the UAE, according to Boston-based Aite Group’s May 2011 research report. The group expects that the majority of future growth in retail FX will originate in Asia, the Middle East and Latin America. Growth in these regions corresponds to the presence of large adult populations in those regions that are rapidly gaining access to the internet. The 10-year growth rate of the adult population in the Middle East approaches 40 per cent (19 per cent in Asia and 30 per cent in Latin America) and this means that there are many more adults searching for ways to produce wealth while chasing fewer jobs.
Foreign exchange is not a central market but one that consists of a network of several thousand trading institutions around the world. These are made up of Central Government banks, Interbank, commercial and private banks. And while Forex has no physical marketplace, it has key trading centers in New York, Tokyo, London, Hong Kong, Frankfurt and Singapore.
Forex trading used to be feasible to the affluent and elite class only. But since the advent of the Internet and other technological advances, this has also become accessible to investors with smaller capitals. A number of Forex brokers today have made it more possible for small investors to trade currencies by offering small lot sizes.
Dubai market updates