Why is Forex suddenly popular?

[Klinger]

I have known for a while that Forex trading is the largest world market when it comes to trading. It is currency, after all! But, why have people suddenly taken more of an interest in it in the past few years?

[HowardM]

I was wondering about the same. I hadn't heard anything about fore back to 2005 and now it's everywhere... How come?

[Enivid]

Because there so many Forex brokers with such big advertising budgets nowadays?

[Fxpipper]

Apart from the marketing buzz..everyone wants to strike gold and the one making all the big money are the EA developers..
Wish I can develop one sometime soon,

[1pipatatime]

Because its tradable 24hrs a day 5 1/2 day's a week and it makes you take the weekend off, well thats what my pregnant misses say's anyway.

cheers

[devis77]

Originally Posted by Fxpipper

Apart from the marketing buzz..everyone wants to strike gold and the one making all the big money are the EA developers..
Wish I can develop one sometime soon,

You are right about the buzz, there are some huge companies that are advertising great amount of money in forex trading, but I think the big money are going to the brokers themselves, if they have so much money to advertise, then logic says that they get a lot from people trading. The EA is somewhat of a gizmo that will not bring money in you account at all. I don't think that you will make so much money from ea software developing also, the real trader is you, not some software that can tell you when to buy or sell, most people know that.

[saudagar]

Till a few years ago, trading forex was the preserve of a well-heeled individuals, banks and institutions, large hedgers and corporations. Then it opened up to the retail trader due to a combination of availability of on-line technology and changes in laws in the U.S.

The retail trader could now trade the largest market on the globe, from the comfort of his home, and using leverage up to 400:1. It became a second source of income, not to mention good conversation at cocktails. No wonder it has become so popular!

[Fxpipper]

On the EA part, wish I could agree with you on that. The problem is two part, the first one deals with the marketing buzz and as a result, a large number of newbies enter the market with little or no knowledge and fall for the EA "become a millionaire overnight" scam.

Of course, you can understand why a newbie may take the EA route for the other possibility is to do real grunt work and spend 6-8 months, making sense of the FX market.

And this is where most EA developers make real money, they develop a product that is supposed to work, host it online, target clients who are not sure how Fx markets work or are willing to spend time to learn how to go about it. And the rest..you know how this goes. I wish I could list some stats here regarding certain EA developers but it is not that hard to see why these developers are smiling all the way to the bank..

[flex922]

Thats news to me I 've known about it since 1997/8 have traded it since 2003
It used to be really good to trade until Dodd Frank totally F%$#&D it up. Now there are two things that forex has going for it that other instruments dont have. First is the rollover, but its only good when you are on the positive side of it and you have a large enough lot size where amount is meaningful. The other in my opinion is the 24 hour access. However there are only a few times throughout the day you should be trading the rest of the time you should be on the sides.

[hag.fx]

Forex market became popular since it was opened to retail traders through internet.
It's easier to join the market today:
-Not necessary big amounts of money
-Trades available 24 hours a day
-Strong advertisement campaings in the WEB
Among others...