CHIANG MAI, Thailand, Nov. 11, 2019 /PRNewswire/ -- Foreign exchange (FX) trading has grown to become a popular type of investment over recent years with trading in the FX market reaching US$6.6 trillion per day in April 2019, up US$5.1 trillion three years ago .
However, despite the growing popularity, only around 10 percent of investors worldwide understand how this complicated investment product works according to investment company Long Asia Group. Therefore, the company is now focusing on FX trading, hoping to introduce this type of investment to more traders.
Long Asia sponsored its first FX training session organised by Forex Bangkok in Chiang Mai on November 10 with around 300 participants learning about the crucial elements of this type of complex investment.
"It's crucial for forex beginners to get the basics set for the foundation of forex trading education such as fundamental concepts, leverage and margin, order types, most popular currency pairs and asset classes and more. We also wanted to share with more experienced traders how to navigate around constantly changing markets as an endless amount of information is flowing at them from multiple directions. They can make right judgements and decisions when they understand the role of economics and supply/demand relationships, and indicators and sentiment analysis to assist with buy/sell decisions," said Raymond Au, Director of APAC Business Development at Long Asia Group.
Looking forward, Long Asia is planning to hold a Traders Forum in Vietnam in early January 2020. The forum will offer foreign exchange investment education for around 200 participants. For more information and registration, please contact Long Asia Group.
About Long Asia Group
Established in 1999, Long Asia is a Singaporean multi-business, cross-regional integrated company, with subsidiaries in Hong Kong, Malaysia, Vietnam, Thailand and Indonesia. The group is committed to providing forex exchanges, securities, derivatives, futures, asset management, global properties and other services to high-net-worth clients worldwide.
Long Asia currently holds multiple national financial regulatory licenses including:
- the Monetary Authority of Singapore (MAS)
- OTC, Type 4 and Type 9 licenses of the Securities and Futures Commission of Hong Kong (SFC)
- Clearing and Membership Licenses of the Indonesia Commodity and Derivatives Exchange (ICDX)
Name: Raymond Au - Director, APAC Business Development
Phone: +852 9370 5086