FXCM executive speaks out on approaching tech-savvy Generation Z traders | Metals Mine

  • FXCM executive speaks out on approaching tech-savvy Generation Z traders

    From financefeeds.com

    For quite some time, the need for retail FX brokerages to approach a new market has been very much apparent. Currently, the majority of existing and potential retail FX traders are those familiar with MetaTrader in its two main guises, itself being an obsolete legacy platform which offers neither brokers nor clients any degree of flexibility or diversified product range. MetaTrader 4, which was launched in 2004, when most of the next generation of traders were using a Silver Cross or Bugaboo, is certainly not the stuff of inspiration to anyone under the age of 45, and as the current narrow band of existing traders ... (full story)

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Not-KPMG
Dec 27, 2020 1:22pm
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Just collect their money



Forex is soooo easy
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digit1288
Dec 25, 2020 3:54am
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"Blue horseshoe loves Anacott steel"
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LloydOz
Dec 24, 2020 11:54am — Edited
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"But now, they have easy access to online forums, or live streaming platforms with specialists and experienced traders who can help give them a quick “leg up” with helpful strategies” he said."

That's excellent. No need to learn anything. Just take it from those who have spent years trading and pick up some tips from forums and away ya go to trading with some easy clicks with brand new technology.

Mr Market is salivating.

Edit - my Metatrader offers more than 60 (I stopped counting after 50, so I'm guessing) products. Another platform (yes, on my smart phone) has nearly every option traded on the planet, they would be fun for the "many members of this newly matured demographic are intelligent" crowd. No they aren't. They're green. They think they are pretty savvy, and some will indeed trade well (for that one person who hasn't noticed, the stock market has been in a bull market recently and everyone who trades it has been a genius). But over 95% will run out of Daddy's money after less than a year or so. Shhh. We need them.

Go spin your tremendous new opportunities to the gullible and nouveau rich gen Z, they love you and what you don't tell them because you clearly don't know yourself.. "Please, Sir, I want some more" - Dickens.
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LloydOz
Dec 28, 2020 4:33am
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Quoting Not-KPMG
Just collect their money Forex is soooo easy
Well, I *was* gunna say something like that, but sigh, I gotta take lessons.
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