MUSCAT -- With an average volume that ranges between $800 billion to $1.5 trillion per day, the forex market holds as much potential for large scale traders such as central banks and commercial companies as as it does for individual investors, an industry expert said.
"Our goal is to give investors in the region a convenient way by which they can engage in forex trade and benefit from the wide gamut of advantages and opportunities the market offers, especially during this financial downturn," Amani Choudhry, CEO, Mayfair Wealth Management, said in a statement.
Mayfair Wealth Management (MWM), one of the leading financial and investment advisory services providers based in the Cayman Islands, has launched its foreign exchange (Forex) trading platform. For a minimum investment of $25,000 an individual can invest in the largest and most liquid financial markets in the world, which has not been affected by the ongoing crisis.
"The global economic slowdown has significantly affected global investments, with a majority of individuals and corporations putting their investment plans on hold. While investments in other financial markets are witnessing a steady decline, we are advising investors to place stake in Forex due to high liquidity and trading volume, in addition to price volatility in this market," Choudhry said.
In addition, the company is also set to conduct free training sessions on the alternative investment avenue to educate traders on how to open a real live account as well as buy and sell on 'Forex' professionally and confidently.
"By using our newly-launched Forex trading platform and availing of our free training sessions, investors can get a better understanding of the forex world, what their trader is doing on a day to day basis with their money or learn to trade themselves," she added.
The unveiling of the new financial trading platform, which will also be offered via 'Ameerah', the first truly bespoke wealth management service targeting female investors in the Middle East, is in line with the company's aims to provide an asset class that will allow investors to stop trading and 'cash in' at any given time.
The training will include lectures on the origins and evolution of 'Forex', where and how brokers execute orders for clients, how to use the platform and start trading, and the advantages of 'Forex' over other investment instruments.
Classes on the currencies quotation system, trading margins, main currency markets, and trading strategies will be provided as well.
Furthermore, classes for lady investors will also be made available through Ameerah.
Offering online currency trading and phone dealing from Sunday to Friday using a proprietary trading software that guarantees competitive pricing and execution, MWM's 'Forex' trading platform offers low spreads interest point. The software offers four online trading platforms for maximum flexibility, and allows instant access from the investor's home, office or anywhere with an Internet connection.
Company officials also revealed their optimism that the seminars which are set to take place in Dubai, Abu Dhabi, Sharjah and Bahrain will generate good response from investors, and that they are open to offering training to other markets as the demand arises.
MWM was created to meet the investment needs of high net worth individuals around the world and provides investment advice on products, appropriate investment vehicles and investment strategies.