The seminar will be conducted by Boris Schlossberg, Senior Currency Analyst and Amro Abdu, Senior Middle East Trading Manager of FXCM, the Wall Street currency trading firm.
Schlossberg’s first presentation is “Forex Trading Opportunities in 2007: How to use the US Fed, oil prices, and the Chinese market for high-probability trades.”
According to Schlossberg, the key to the 2007 world economy and hence the currency market will be the US housing market, the US Federal Reserve, and China – with oil prices as a wild card.
“This year offers especially serious forex market risks and opportunities,” said Schlossberg, “because the world could face a serious economic slowdown in the second half of this year.”
“What happens to the global economy may well hinge on the health of the US housing market, which is currently experiencing an ‘economic hangover’. Since 50% of America’s gross domestic product is real estate-related, a continued downturn in housing could trigger a recession in US consumer spending. If the US Federal Reserve reacts to that by cutting interest rates, the US dollar would suffer in international currency markets,” said Schlossberg.
Oil Prices Key To Consumer Income
“That in turn could slow down or, in the worst case, shut off the inflow of Asian capital, and severely impact the dollar as a reserve currency – particularly in China, which currently holds a trillion US dollars in reserve. The imponderable next year will be oil prices. If they fall, they can head off a consumer spending crash; if they rise they could exacerbate it very severely,” said Schlossberg.
Schlossberg’s second presentation will be “The Secrets of Forex Trading: practical, inside-the-market information from one of Wall Street’s renowned currency traders.”
Amro Abdu, Senior Manager in FXCM’s Middle East Institutional Trading, will give a special presentation on a new trading tool: “The Quantum Leap in Forex Trading Analysis”.
In his presentation, Abdu will describe a powerful trading tool that searches out, evaluates, and signals solid currency trades—actually pinpointing entry and exit levels.
Note: Schlossberg’s presentation will be conducted in English; Abdu’s will be conducted in Arabic. The question and answer periods will be conducted in Arabic.
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Boris Schlossberg serves as Senior Currency Strategist with Forex Capital Markets LLC (FXCM). He is a frequent contributor to SFO magazine, co-writer for the FX section of Investopedia.com, and coeditor of the BKForexAdvisor newsletter. Mr. Schlossberg is a regular speaker at trading conferences and commentator for CBS MarketWatch, Reuters, Bloomberg, and CNBC. Boris has been an independent trader since 1999, trading a variety of instruments including stocks, options, futures, and currencies. Mr. Schlossberg is also author of Technical Analysis of the Currency Market, and co-author with Kathy Lien of an upcoming book titled Millionaire Traders. How Regular People Are Beating Wall Street At Its Own Game to be published by John Wiley and Sons.
Amro Abdu is FXCM’s Senior Manager in the Middle East Institutional Sales Department, and a registered member of both the National Futures Association and the Market Technicians Association. His trading experience include stocks, commodities, and forex.
Forex Capital Markets LLC, one of the world’s largest Forex Dealer Members (according to the financial data on the CFTC website), provides currency trading services to retail traders under the name FXCM (www.fxcm.com) and to institutional clients under the name FXCM Pro (www.fxcmpro.com). The FXCM Group has serviced over 78,000 accounts in over 80 countries, with over a million and a half trades executed each month via its trading platform. Its 7 offices around the world provide 24-hour trading and support in 18 languages.
Registered with the CFTC as a Futures Commission Merchant, FXCM has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
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Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
