FXstreet.com and Tradency - what an interesting combination!

A couple of days ago FXstreet.com and Tradency Inc announced a joint venture where FXstreet will introduce Tradency's auto Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term to its visitors.

FXstreet.com is one of the world's largest foreign exchange (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) portals and Tradency Inc. is a global market leader in automated Forex software. The deal includes Tradency's "Mirror Trading" product, in which traders can view and adopt dozens of strategies from leading Forex experts.

The mirror trading product will be offered under Tradency's FX-Auto brand name. Traders will be able to utilize and execute proven strategies in their own portfolios after following three easy steps.

This might not sound like big news but it is. Tradency leads the auto trading market with almost every respectable Forex broker as a client or in the process of becoming one. FXstreet.com, to the best of my knowledge, is not a Forex broker but a Forex portal. And this my friends is the big news. I have long anticipated that the Forex portals will realize that advertisement money is never enough and that there is a lot of money to be made utilizing their large number of visitors.

The only business most Forex portals had so far is CPM - being paid by brokers for number of impressions their banners get. Some like trade2win offer Forex added value products like chart packages or books. Some small portals offer trading rooms and signal services.

For some reason large Forex portals like fxstreet, forexfactory and others have overlooked other complimentary products and I'm glad that someone met the challenge. It remains to be seen how successful will this joint venture be - Tradency certainly can provide the quality software and FXstreet can certainly provide the large traffic - success shouldn't be too difficult. The only thing this partnership lacks is a broker's brandname and its services umbrella.