Swiss group, DQG in forex educational drive
Dubai, June 19, 2008
Advanced Currency Markets (ACM), the Swiss leader in foreign exchange, in co-operation with Dubai Quality Group, will hold a special seminar to introduce local investors to forex services on June 23.
The seminar, to be held at the Al Bustan Rotana Hotel in Dubai, will see ACM sharing its knowledge about profitable opportunities, while also highlighting the trading trends in global markets within the system of margin.
The seminar will focus on ways of handling market volatilities and methods for managing risks and increasing profits through the use of sound financial analysis, economic data and news releases from central banks around the world.
"With the current phenomenal increase in crude oil prices and the ensuing liquidity it has brought to the Arabian Gulf economy, local investors are avid for new investment opportunities," said Iskandar Al-Najjar, ACM director.
This trend, coupled with the rapid development of information technologies has made possible the introduction of innovative investment services through the internet.
ACM, aware of this trend, has made Forex and precious metals trading available to the general public through the development of user friendly platforms and flexible trading terms in conjunction with unequalled professional skills and expertise, Al Najjar added.
"The Forex market is not as well known as the stock market in the region, for several reasons. The most important of which are the inherited misconceptions about currency markets in the Arab World, created by the limited use of international currencies in local financing."
"Currency markets are relatively new and until recently traditionally limited to specialized investors. This is why ACM decided to co-operate with DQG in order to inform potential investors on Forex trading. This seminar is part of the series of awareness events by Dubai Quality Group and ACM in line with our continuous efforts in the field," he explained.
"DQG's interest in Forex trading arises from our endeavours to provide the best trading techniques, available opportunities and advanced technologies to the local community in partnership with ACM, one of the best global companies in this sector."
DQG general manager Samia Al-Yousef said ACM has extensive experience in the currencies market and a long track record in the Middle East.
"Their familiarity with Middle Eastern investors has provided them with insight to the possible challenges they face, their interests and the reasons that encourage them to invest in stock and discourage them from investing in foreign exchange. That is why we believe they are in the perfect position to clear such misconceptions and lack of awareness concerning the Foreign exchange market,” he added.
The seminar aims mainly to educate people about global and local brokers, and the nature of unprofessional market makers who pose threats to new investors, and even experienced investors.
"Such unprofessional companies attempt to absorb as much investment as possible through artificially creating small profits to attract further investment and later create technical failures to ensure loss of profits and capital."
"The seminar also aims to educate interested people about the sources of information and how to investigate the companies with which they wish to deal, in order to be able to choose the most transparent company and the company that is most able to support its clients technically," Al Yousef added.
The seminar will also provide an overview of the technological methods and systems that are used in the Forex field; such as the main online trading platform, whether through Java or the Web Trader, or by the Mobile or Flash, he added.-TradeArabia News Service