Forex Social Platforms    Trade Forex / Binary Options Without Risk

Forex Social Platforms

Forex Social Platforms

Forex Social Platforms

The world of social Forex trading has advanced significantly since 2010. Traders now have dozens of respectable Forex communities they can be a part of and benefit from, when it comes to learning the ropes of Forex trading.

Old Spice Campaign

To name one example that is hot out of the oven, Old Spice, a well established deodorant and perfume company, ran a wildly successful social media campaign last week. We have not seen the raw data of sales and how their millions of page views boosted sales numbers, but one thing is for sure. Old Spice made use of the social platforms like no company has done before. They utilized the power of Twitter, Facebook, Youtube, and others to raise awareness of their brand by providing real time, highly entertaining, and personalized video responses to all the questions they were sent on the various social networks. Marketers around the globe are still talking about this campaign and will continue to do so well into the future. It is considered to be the new standard of social media marketing.

Forex Trading

To shift your focus to an entirely different world for a second, just like social media is taking the Web and marketing worlds by storm, Forex is taking the financial world by typhoon. The foreign exchange market is the largest financial market by leaps and bounds, but that is not its only unique advantage.

As opposed to many financial markets, nothing is stopping a person from become a Forex trader overnight. Of course it is not recommended to take up trading Forex without studying the market, but in theory, if someone were so inclined, nothing would stand in their way.

Forex Social Presence or Lack Thereof

When it comes to combining the above two fields, Forex and Social Media, that is when things start to get messy. If one were to search Twitter for the word Forex for example, you would find hundreds if not thousands of tweets being posted by spam accounts. These accounts are generally bots who do not have human beings behind the tweets. This is of course pointless and completely misses the whole concept of social media marketing, which is mainly based on the idea of online communication and dialog.

Now that we have established that Forex players have not yet figured out how to maximize the potential of the social Web to promote their products, the question is who suffers from this lack of understanding? The real answer is that everyone involved suffers. The company trying to promote themselves via a bot account will see close to no results. The online community as a whole suffers due to the proliferation of online spam whether it is on Twitter, Facebook, Email, or other tools being utilized by these Forex companies.

However, the biggest loser in this is the trader. Traders are genuinely seeking a solution to integrating a Forex social layer into their trading and with the lack of a real Forex presence on social media, they are being met with a brick wall. Fortunately, in the past few years, several quality platforms have been developed to help achieve this specific goal. Though the first social Forex trading platforms that were developed are no longer active, they certainly paved the way for the plethora of offerings we have today, and their contribution to the industry is worth learning about.

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