Long time no speak
After being in the retail Foreign Exchange (Forex) industry for the last 16 years, today I placed my very first trade with real money.
The last couple of months we have been working in a real trade project lead by Gonçalo Moreira. The trading activity we intend to activate can be described as:
- a proven trading method based on a real account track record of 1,5 years
- no-scalping method, it may coincide but it is not profiting from news announcements
- no high leveraged trading, effective leverage not go beyond 15:1
- with a initial 10k account we estimate it will generate a 1,5M transaction volume per year and per currency pair
- it’s not high frequency trading, it is suited to be copied and scaleable
- can provide enough inputs on a daily basis to help traders to be interested (new trades, trade management, profit takings) and to learn from it
- with 95% win rate, it will be seen as very encouraging by aspiring traders
- trading approach focused on risk management, ensuring longevity of accounts
- the method requires hedging or circumvention of FIFO rules, so traders will get a practical example how to do it in a US-based broker
Our aim is to generate a high level of engagement with our viewers positioning ourselves in the FX market and “walk the talk” as they say.
We think that there is no better way to teach FX than by trading with real money. So we have started by funding two trading accounts of €10,000 each in two different brokers: FxPro and Forex.com.
After having passed the process to open a trading account, all was set to go. Gonçalo gave me the honour to make the first trade of this project….. and I did it!
Long time no speak.
I`ve spoken on several occasions about the countries of origin of our visitors and how they evolve in time, but I´ve never talked about the cities of origin. What are the most important cities for FXStreet?
Well, our top10 cities list is as follows:
Comparing data from August 2016 vs August 2015, we see London, Dubai and Jakarta growing their share, while the others are loosing ground. London grew 16.2% from representing 5.12% of the total traffic to represent 6.02%, while Dubai grew a nice 17% (from 1.20 to 1.40%) and Jakarta exploded growing 87% from 0.7 to 1.27% of the site.
On the other hand, Melbourne and Hong Kong lost 10.9% of share, Singapore .8.64%, Kuala Lumpur -7.7%, New York -5.3% and Sydney and Toronto around -4%.
Last week I was reading this piece of news at Leaprate: IG and CMC Markets continue to lead crowded Australia retail forex market based on a survey made by Australia-based research firm Investment Trends.
Investment Trends has recently published a retail FX report for its home market: The Investment Trends 2015 Australia Foreign Exchange Report, based on a survey of 13,910 online investors including 3,967 active FX traders.
One of its key findings for me was to know the current number of active traders in Australia. For Investment Trends, the number of active traders – that is traders that placed at least one trade in the past 12 months – was 49,000, remaining the same as a year earlier.
I asked our SEO expert Cristian Sanchez if he could dig in into our analytics data and let me know how many active users we have from Australia. As you can see in the image below, in the month of March 2016, we got over 35,000 unique visitors or users from Australia, so if there was 49,000 active FX traders in Australia that month, that means that 72% of the retail FX traders based in Australia visited FXStreet.com in the month of March….. Amazing!!!!
I know that I used simple and quite silly math, but – one way or the other – the market share we hold in Australia is really big!
Well done guys!
It is a pleasure to share with you that Nasdaq launched a few weeks ago FXStreet’s Economic Calendar Pro
Welcome on board Nasdaq!
As some of you know, I am pretty active at twitter. My account @Francesc_Forex has around 17,000 followers and I tweet there mainly bank FX research and the latest news about the independence of Catalonia from Spain.
The other day I got the possibility to make a track down of my followers at twitter and find out where are they coming from. As you can see below, the coincidence with the country of origin of FXStreet.com web visitors is impressive. My private twitter account has never been promoted in anyway at FXStreet.com. Ever, only it was promoted at the social network forexstreet.net we had a year ago when we closed it as part of the job I was doing at the social network was passed to the twitter account. So we have not done anything on our end to encourage that the traffic of the site and the twitter account would be the same.
» Read more…
We won for the second year in a row!!!!
FXStreet, the Best Educational Service Provider for Traders
For the second year in a row, FXStreet is the Best Educational Service Provider for Traders according to the professionals of the Forex industry!
Our website and its Learning Center received this Award at the Finance Magnates London Summit 2015, an event that closed yesterday and saw over 1,500 of the industry’s leading professionals and executives, representing nearly 500 sovereign companies across the forex, binary options, and FinTech realms.
Check the full list of winners
Who voted and how?
FXStreet’s Learning Center
Sergi López (CMO), Carolina May (CEO) and Colm Mullan (Head of Sales)
at the Finance Magnates London Summit 2015 with the Award.
Do you want to have FXStreet’s Economic Calendar right one click away integrated into your chrome browser?
Now you can have it thanks to one of our senior engineer Alain López…. Good job Alain!
Download it now!