Forex Broker and Forex Trading Expert Interviews – Komissiyasi Tomonidan, Nominated For Forex Expo Awards
Fibonacci forex trading was first introduced in 1970 by Valerian and Michael Nadella. The original intent of Fibonacci forex trading was to provide a useful tool for speculators, but it quickly found application as a major player in the forex markets. The concept is simple: when the investor sees that a trend is about to reach a certain level, he should buy and sell before the trend reaches its peak and continues on with a declining direction. With this in mind, it is no surprise that many experienced traders are fond of Fibonacci charts.
Fibonacci forex trading was initially developed for the trading platform of the now defunct Bank of America (BoA). The system is easy to understand, and has the potential to make even an inexperienced trader earn money. To be precise, BoA’s forex expo was basically an exhibition dedicated to demonstrating how efficient Fibonacci trading is. During the event, a number of brokers displayed their ability to make money through Fibonacci indicators. At the end of the day, one of the brokers presented his ability to generate income through Fibonacci indicators and earn profit.
Fibonacci forex brokeri first came into play at the forex conference held by the Central Bank of China (CCIC). At this time, theCCIC was keen to use a simple but effective method to help its citizens understand how to invest their money and avoid risks associated with such investments. The central bank decided to introduce the Fibonacci formula to help simplify currency trading. In effect, this was a very smart move, and the results showed promise for the CCIC.
Soon after the Chinese central bank made this decision, the traders in the country began to experiment with Fibonacci indicators, eventually resulting in the application of this indicator in forex trading. Over the years that followed, many more foreign countries adopted the Fibonacci method and applied it to forex trading. Today, many countries still follow this strategy as an essential part of their overall FX trading system. One of the few remaining few holdouts is Japan, which still uses the yin-yang symbol convention to signify its foreign exchange pairs.
So who are the major players in the forex industry today? There are several, but one Forex broker in particular has experienced a meteoric rise in recent years. The Forex Institute of America (FXIA) was established in May 2021 to serve as a forum for currency investors from around the world. The primary goal of FXIA was to create a central location and place for investors to exchange ideas and learn about forex trading. In August of that year, the organization launched the first ever FX trade show called “FX Trade Show Asia.”
Just a few short years later, the company released its second annual “FX Trade Show Asia.” This year’s event took place in Hong Kong, which is just across the water from Tokyo. Attendees from around the globe attended the conference, which featured more than forty exhibitors from the main economic centers of the world. Among the main participants were prominent FX brokers such as Bank of America, Wachovia Bank, Credit Suisse First Boston, Prudential Securities and Citi Group.
Among the many important topics covered at the annual forex shows held throughout the year are interest rates, economy and business news, political and environmental issues, travel and tourism, insurance and banking, health care, technology, and the Internet. The Hong Kong event was no exception. During the opening day of the show, former governor of the Bank of England, Paul Volcker spoke about the economic virtues of free trade and globalization. Later, world-renowned investment banker, Nick Roditi, was introduced as the latest winner of FXIA’s annual forex investor award. Before being seated on the dais, Roditi presented his credentials as a member of the Institute of Forex and Financial Analysis at the London School of Economics.
Other notable forex expo awards include those from Citibank, Prudential Securities, State Street, Deutsche Bank, Morgan Stanley, Merrill Lynch, JP Morgan, Credit Suisse First Boston, Citi Group, Deutsche Bank, and Credit Suisse Worldwide. Among these six members of the “expert panel” that makes up the main event, one who received an award that came as quite a surprise was Komissiyasi Tomonidan, the sole holder of a zero percent margin account. In his acceptance speech, Tomonidan told delegates and onlookers that he had been looking forward to this moment for nearly two years. “I finally got the guts to ask for a cut in my margin,” he said. “It took some courage but I felt it was worth it. If I can do it, anyone can achieve anything in the world of foreign exchange.”
How to Execute a Forex Trade
Learning how to execute a forex trade is important. Once you have the basics down,…
What Is a Forex Account?
There are many advantages of opening a forex account, but which one is best for…
When Does Forex Trade on Saturday and Sunday?
When does forex trading occur on Saturday and Sunday? While the forex market is closed…
Why trade currencies? The Forex market is the world's largest, most liquid marketplace for trading…
How to Get a Broker for Forex Trading
Getting a broker for forex trading is an important part of launching a successful currency…
IG US Review – What Is the Best Forex Broker in the US?
IG US offers an extensive range of forex pairs. This U.S. regulated brokerage has low…