Forex Coming to the Middle East - What sites are out the there

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading is growing rapidly in the Middle East. With the growing interest, a growth is also seen in forex content sites in the Arabic language. Here's the current state of forex content in Arabic:

Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term is becoming more popular, and got a boost from the global financial crisis. Most of the Western hemisphere is already aware of forex trading, while the Middle East is just discovering it.

The oil-rich countries of the Middle East explore other fields of business. As we've seen in the Dubai crisis, real estate is probably not their thing. But forex has a lot of potential there. Some big sites already operate in Arabic, and also some blogs haven risen.

• Dow Jones: The serious publishing company released a forex news service in Arabic about a year ago. No open site, but a service in Arabic for brokers.
• Forex Arabia: The name speaks for itself - it ranks high in Google, but the site is marked by them as harmful, so no link.
• ForexPros: This medium-large forex portal has an Arabic version of its site, that looks similar to the English site.
• ForexYard - This Israeli forex broker has an Arabic-language site, to attract Arab readers.
• Forex Crunch Arabic: The forex blog now has an Arabic-language version, with translations of many of the posts in the English site.

The Middle-Eastern forex content scene still looks like an abandoned desert: Forex Factory is available only in English, FXStreet is available in 5 languages, but not in Arabic, DailyFX has three languages, but not Arabic, etc.

Apart from forex portals, there's also room for forex blogs. We will probably witness strong growth in Arabic forex content in 2010.