The Internet has revolutionised foreign exchange trading, making dealing online easy for everyone, a conference in Bahrain was told yesterday.

Before the Internet came along only banks, corporations and very wealthy individuals could trade currencies because to use the trading systems involved opening an account that cost as much as $1 million, the 3rd Middle East Forex Trading Expo and Conference organiser Arabcom Group founder and president Katia Tayar told delegates in her opening speech at the event.

'Our event represents a summit for the global village created by the new virtual realities, whose networks have been established, and whose components have been connected, through information and communication technologies,' she said.

'Thanks to advances in online technology today investors with only a few thousand dollars can have access the forex markets 24 hours a day online wherever they are.'

'The Forex Trading Expo and Conference will meet the demand from traders and investors in the Middle East and the world over for educational resources on currency. The conference aims to give traders more choices and opportunity to profit from the currency trading market's potential and its volatility,' she said.

'It promises to enhance awareness of forex trading in the region, educate by imparting valuable and practical insights from forex experts and market specialists as they conduct workshops, link international forex companies, traders, brokers and investors and make known the vast opportunities within the region.

'However, it is very important for traders or interested investors before they launch themselves into forex trading to learn how to read and understand the technicals as well as fundamental signs and news that affects the currency markets.'

'We invite you all to benefit from the international expert speakers as well as teachers and mentors from training academies,' she said.
'We invite everyone to visit the exhibition area and meet the forex brokers who will be answering questions and offering advice in both Arabic and English.'

Entry to the Forex Trading Expo and Conference, which closes today (April 24), at the Crowne Plaza Hotel is free.

Speakers on the final day include MIG Investments head of research Richard Morrish, who will discuss markets today and Saxo bank Middle East region private trading manager Wahb Ahmed who will outline the banks financial outlook for the year. - TradeArabia News Service