The Next Big Thing: Forex Trading
Forex trading is the next big thing for online gamblers, with trading platforms offering accounts that deal not only with foreign currencies, but also with stock exchanges and shares from the New York Stock Exchange, Dow Jones, FTSE and Nikkei, and commodities like crude oil and gold.
So which was is the industry heading and which brokers can help you set up an account today? For that, Online Casino Reports brings you Forex Scout, as well as this handy guide on all the latest industry trends and developments.
Latest forex trends
Forex is no longer about trading between currency pairs. Today, traders can choose to bet on a variety of currencies and on other financial markets, which has led to an explosion in the number of brokers and the variety and quality of services which customers can take full advantage of.
Although commodities betting has been introduced, the Forex market remains most popular among traders. Some of the currency pairs favored by traders include EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/GBP, and pairings with other global currencies such as CAD and AUD.
What to look for this year
With more Forex, financial services and commodity brokers popping up every day, competition to attract customers is fierce. For that reason, we predict 2013 will be a big year for developments that focus on customer experience, with the brokers constantly finding new offers and promos.
Some of the things to look out for in a trader are whether they allow you to operate a free account (which is handy if you’re a beginner, as it allows you to practice first), or whether they allow you to start with smaller deposits and requirements (again, handy for starters).
Top Forex brands
Trader24 is probably the most comprehensive operator in this field. They operate betting across a whole range of industries, including: Binary Bets, Brent Crude Oil, Bungee Bets, Commodities, DAX30, Forex, FTSE100, Gold, House Prices, Options, Shares, and Stock Indices.
OptionBit is another that offers a range of stocks, indices and currencies. At the same time, it welcomes new customers with a generous welcome bonus, and subsequent bonuses following each trader’s first online investment.