15 November 2012 - Dubai
For press release
Opening Speech of Katia Tayar, at the 10th Edition of Forex Expo & Conference 2012, Dubai.
Dear guests,
I am honored to welcome you all to the opening of the 10th session of Middle East Forex events; hosted by Dubai and organized by our Arabcom Group since 2007 annually; within the framework of spreading the electronic trading culture, awareness of its dangers, trading mechanisms, trading strategies in the currency markets; according to standards and information, through Electronic platforms, Internet networks and Smart phones, which has become a prerequisite for successful trading.
I am also pleased to express my deep appreciation and thanks to the global and regional companies sponsoring and supporting Forex 2012 at its tenth session; wishing to be one of the most important and most successful sessions in Dubai; in this splendid city as the absolute capital of Middle East for business and finance, given to its sophisticated and advanced infrastructure, openness and progress and what it offers for all through the upscale and high-standard services, security, stability and prosperity, thanks to the wise direction of the head of State of the United Arab Emirates, and insightful vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Ministerof the UAE, andRulerofDubai; who has turned Dubai into a global capital in the region ; to become a meeting point for the economic and financial world, and vital center of financial and economic exchange in all its aspects; thanks to Dubai International Financial Centre.
I am also happy to welcome the exhibitors from more than 25 foreign and Arab countries of the most seasoned and famous in Forex Trade ; appreciating the confidence of all participants and visitors.
I commend the participation of selected international experts, analysts, experts and speakers who have come specially to provide the most important worksheets within the agenda of the Conference and present the most successful experiences, giving the opportunity for exchanging experiences with the audience and introduce standards and strategies of trading in world, and to warn about potential risks and possible errors committed by traders sometimes. Knowledge and Prudence are the two titles for successful trading.
Distinguished guests,
In order to spur economic development through the development of creativity is a social responsibility lays upon on all of us, therefore we've found that trading has become a more dynamic demand in the world, so we determined to carry the awareness message of this trading and terms to refine skills, so this predominant and pioneer event to promote the culture of trading in the region and attract the major brokerage firms and banks of the most successful and reputed in the world to take advantage of them and open new markets for them in the Middle East ,for serving investors and traders in the region. This event has an annual periodic platform and a regional interface for the Forex industry in the region.
The economic slowdown has been a real crisis in the world at the levels of States, Institutions and individuals, which resulted in theaccumulation of deficits and increased losses and spread financial crunch and liquidity shortage which led the owners of the funds as well as low-income individuals to look for new prospects for liquidity provision sometimes , which encouraged investors to trade in currencies within the frame of tracking their money closely and control their investments and the course of their returns after the banksInsolvencies and the world economy slowdown , the reason that doubled the number of those who are interested in trading currencies and commodities as the fastest and largest globally.
I am also pleased to welcome the participation of Swiss banks specialized in Forex trading and who came especially for this event to add more success, expressing my pleasure to host many companies and attendants who come to Dubai for the first time on the occasion of these events.
Forex 2012 provides the perfect opportunity to highlight the trends of the current global capital markets and market expectations in 2013, and it reviews a range of issues of common global concern and the development of the world economy with a focus on optimal strategies for success in the sector of online trading of funds, currencies, stocks, gold ,oil, options and derivatives.
Dear participants,
Forex trading is considered the largest in the world and the total value of trades reaches daily $ 5 trillion.
For this is reason, our Conference & Expo forms a real platform to get closely acquainted with Forex trading, in addition to discover the most important rules, conditions, mechanisms and a unique opportunity to open demo accounts for visitors where brokers are keen to provide advanced electronic platforms; encouraging those who are interested to further knowledge and experience. The Exhibitorsare offering also the most important tips and services that allow the trader to choose the appropriate broker after comparing them to discover the best suited for him.
Our conference; Middle EastForexExpo &Conference has recommended; since its inception to provide Arabic electronic platforms to the region in response to the request of many Arab investors ; especially after the increasing numbers of traders and the trade has become more prevalent since the launch of Forex in Dubai, 2007.
Studies have shown that the preparation of traders has increased exponentially after these events the annual State-of-the-art electronic trading culture and today trading industry. As educating investors and sending reassurance and trust by meeting directly with the brokerage firms play an important role in encouraging the financial trade that guarantee them more revenues and liquidity.
Since the launching of Middle East Forex Conference and Exhibition events during successive sessions attended by more than 150 companies, institutions and banks in Forex trading where encouraged to open their regional office in Dubai to double their businesses in the Middle East.
The Conference is a real opportunity for answering questions from investors in addition to introducing what is provided by major brokerage firms, of services, systems and mechanisms strategies, which contribute to remove the fears of many by failures and instill confidence in souls again; through anticipation and follow-up electronically to the various market operations, with the assistance and advice by accredited brokerage firms.
The question that arises today; whether we are on the threshold of a new financial crisis
Perhaps it is known that since the economic crisis was behind us, the crisis that swept the world in the past years, when it started to talk again about sliding towards the fiscal cliff, which is a new term that explains a sudden failure resulting in the relationship between supply and demand in goods, services and capital. The US fiscal cliff is considered a stifling new economic crisis, reflecting the great disparity between the real growth for the US economy and financial extravagance, which contributed to the accumulation of debt, exceeding the growth. The chronic external trade deficit that America faces today is increasing with the failure of its economy; to achieve real internal growth.
Ido not think that there is any country in the world today that suffers from chronic problems as far as America suffers.U.S. debt reached $ 17 trillion, to exceed 120% of U.S. GDP and 150% of the value of world trade and 160% of Europe's economy.
These crises suggest to us that the world of finance and business needs strict regulations and accurate fixed rules; so as not to slip into the financial fiscal cliff again like of which happened to America and Europe.
Accordingly, we note that the Forex probably plays a more active role under the financial crisis and dwindling economies but it keeps the so-called risk trade which requires patience and applied knowledge over the long term, follow-up of twists,news and events by traders and willing to enter these markets, to invest and trade large amounts of money in a single operation, it is clear that it may be very tempting,, especially if the investor believes that he has the right information to take risks, but the market can change direction at any given moment, so better to go step by step, and open demo accounts to obtain sufficient expertise and experience in the application of strategies before risking real money and chose the low leverage, control of transactions and not random hasty decisions. The majority of Forex online companies offer demo accounts. One of the most important trading conditions is that investors should not risk more than 2% of the capital in a single operation and that rushing is a very bad action in currency trading.
Ladies and Gentelmen
Proudly, I present to you our company, Arabcom group who has done a lot for the development of ICT in the region through its series conferences and exhibitions that pay attention to infrastructure development in the Arab world and spreading a culture of electronic networking in the region. Since 1993, Arabcom group launched its first series of conferences and exhibitions in the ICT field in the Arab world, as we launched also the first communications magazines in the Arab world which is HITEK magazine, within the framework of spreading and promoting the culture of digital communication to our populations to meet the challenges of the new economy and has resulted in the development of communication networks, the Internet and mobile as the main artery for Forex trading, which encouraged us to launch Middle East Forex activities series to be a platform for trading, culture, and a platform for brokerage firms in the region, an annual forum to introduce electronic trading and appropriate flexibility to build bonds of knowledge among traders and brokers officially registered in the world, after the electronic trading of currencies and commodities became more popular and prevalent in the communications and information technology and knowledge economy that require skill building and development of human individuals and investment to enable it to harness the Internet and using the mechanisms of the information revolution and connect remotely to creativity.
Dear guests,
In conclusion, I should extend my thanks and greetings to you all, in particular media that exerted its best effort to spread our message and follow up our activities, which we hope will carry the benefit and sustainability for all. I would also like to announce the opening of Forex 2012 wishing you success and good luck in your business, hoping that your objectives get achieved and wish everyone a nice stay in Dubai, with the hope that our meeting will be renewed with you every year.
MENA 10th Forex, Managed Fund & Investment Summit 2012 is organized by Arabcom GroupRegional Office Dubai Tel+971 4 3211164 Fax +97143211165 Email
Lebanon Head Office Tel +961 5 450212 Fax +961 5 455477