Research on Retail Forex Trading Retaining your forex clients is essential for your brokerage’s success. It’s much cheaper to keep your existing clients than to use advertising to attract new clients. In order to keep your clients, it’s important to know why and when they tend to stop trading. Research published in 2014 offers some insights that we’re passing on to you. The details from the infographic below come from Uninformative Feedback and Risk Taking: Evidence from Retail Forex Trading. The data from this study is based on over one million… read more →
How wins and losses change traders We recently did a deep dive on research about forex traders. Now, we’re bringing you some of the insights we learned so you can better understand the traders who invest with you. The best way to give your clients what they need is to understand their preferences and behaviors. The data in this week’s infographic shows how forex traders change their trading behavior after they experience success or failure in the market. It’s based on the research from two articles: Do retail FX traders… read more →
6 forex trader’s room software features you need The primary way your forex clients interact with you is through the client cabinet, sometimes called a trader’s room, in your forex software. For your brokerage to be a success, your trader’s room must remove barriers to client registration and make it easy for clients to make trades. Here are six features you must have in your client cabinet. 1. Appealing user interface Your client cabinet must include all those tools that traders need. However, simply including those tools isn’t enough. The design… read more →
What we know about investors who trade Forex One of the best ways to make sure you’re giving your clients what you want is to make sure you know as much about them as possible. To help you understand more about forex traders, we dug through data from dozens of academic journals and banking institutions to bring you the research you need. This infographic shows some of the most interesting facts from The Retail Spot Foreign Exchange Market Structure and Participants by Dr. John Forman, a forex expert with a PhD whose… read more →
8 Books to Succeed as a Forex Broker Here are our book recommendations for learning more about best practices in the financial services industries, especially when your clients’ portfolios include forex trades. 1. Crashed: How a Decade of Financial Crises Changed the World by Adam Tooze Who should read it: Anyone interested in the interconnectedness of global economies, including both experienced professionals and new traders. Why you should read it: It was named one of the New York Times’ notable books and one of The Economist’s Books of the Year in 2018. What it’s about: As the title… read more →
