Despite the global slowdown, the forex trading industry seems unfazed in 2019. It looks like the forex trading industry will be the one that will sustain the world’s growth momentum in 2020 too. Can you imagine, every day in the forex trading market, $5.3 trillions are traded worldwide. And this is just 5.5% of the global foreign exchange market. So, forex trading is like a link that transcends the borders and reaches individual country’s economy. And looking at the determination of the major economies to boost the growth and let the economy flourish, the forex trading industry is set to grow remarkably in 2020.
And as the forex trading industry grows, countless new forex traders will enter the forex trading market and they will need reliable forex trading platforms. So, the brokers will also need forex CRM to meet the growing demand and reap amazing benefits. CRM systems such as Cloud Forex CRM are growing exponentially in popularity and are set to change the way sales is done in forex trading industry.
Forex trading industry is the truly 24 X 7 industry and forex trading never stops in the world. More than 170 currencies are traded every day but the top 7 currencies make up almost 85% of the global forex market transactions.
The forex trading market is almost 12 times bigger than futures trading market and a staggering 27 times bigger than stocks (Equity) trading market. This explains the astonishing rise of the forex trading industry in the last decade. Despite being the most liquid market in the world, forex trading is set to cross the 2 Quadrillion mark in the coming future. And this has been possible because of the technology.
CRM, AI and Data Analytics are the foundations for the future of forex trading and forex broking industry. With the help of technology, the forex brokers now can get more traders on board, from all over the world. So, there is not doubt that forex CRM is here to stay for a long time. The next few years are going to be remarkable for the world economy and forex CRM will help forex trading industry to thrive even in difficult economic situations.
This is the correct time to foray in to the forex trading industry, not just as a trader but also as a forex broker. With the help of CRM it is now so much easy to manage the relationships with existing and potential customers. Cloud Forex CRM is the one CRM that offers you the best features at very competitive price. You can check out the Forex CRM prices here. Or you can contact Cloud Forex CRM for a Free Demo too.
24th Oct 2019
Cloud Forex CRM is a cloud based back office that nurtures your Forex Brokerage Business and give your clients a cutting edge solution to manage their trading activities.