The last 15 years have seen a massive increase in forex trading with the Internet playing a major role is supporting the industry.
“We have seen a massive increase in online trading across a range of asset classes,” said Orion Brokers senior vice-president Ali Hamoud.
His Dubai-based company develops and provides software solutions on its own platform, as well as offering these to banks and financial institutions for their client base.
“We are a one-stop-shop in the region offering access to local stock markets, international futures, international stocks and forex markets. So taking part in Forex Trading Expo and Conference and organising a seminar on Strategies for Forex Trading made it important for us to be here,” he said.
“The current liquidity in the regional markets suggest we will have growth for five years if not 10.
“One of the strengths of this market is that we have a young and growing population of whom 75 per cent are under 25 years of age.
“We see massive infrastructure investment, that is certainly likely to continue for the next five years.”
He said the GCC was the next emerging market and that asset classes like commodities, particularly agricultural products and oil would likely boom for seven years.
The volatility in global markets also meant there were a lot of opportunities in forex trading.
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