This is a kinda stupid question but still, i’m curious to hear others answers to this.
How long do you think Forex will be around for? 10 years 20 years 50 years more? Until the end of the markets ? For the USA at least anyways. I’m just curious sense its a world wide market how it will be affected in the future for us retail traders if we will always have it, like the stock market.
Even if there were only two currencies in the world, there’d still be a forex market.
I was going to say … Until Skynet takes over hehe
but that’s already happened
i suppose my next answer would be…
As long as human civilization exists, there will likely be forex, Unless a new civilization is established that doesn’t rely on trade and everything is free (WHICH I HIGHLY HIGHLY DOUBT hehe)
that’s my answer
as long as countries sweat their balls off trying to create some breathing room for debt repayment
Forex itself will be around as long as the world has different currencies.
How long counterparty “brokers” and small-scale retail betting on currency values will be around for is another matter.
Binary options are obviously on the way out already, internationally, and possibly, over the decades, retail forex trading may become less available as regulations tighten.
Changes are always slow.
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The day when there will be only one universal currency in the world, forex will extinct. As long as there are more than one currency forex market will remain like this.
Forex will always be around - but the ability to trade FX from a retail point of view, in my view, is limited. You only have to look at what’s happened in the US - They now have a grand total of two regulated retail brokers, they used to have hundreds who offered US clients the ability of open an account.
Look at where the retail regulation is going in the UK too? It wont be long before you get pushed out and the markets remain restricted to the wealthy.
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I agree with this.
But remember also that most of the people here who are “trading” forex believe that they’re actually dealing through a broker, rather than having a bet against a counterparty, and they don’t understand that no currencies actually change hands when they “trade forex” (as they see it). Partly because that myth is quite well maintained and partly because they’ve never read the terms of service in any detail. And partly because information in places like the Babypips school course misinforms them all about that.
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I reckon forex will be around until the next World War 3 breakout. Possible dates would probably be when Saturn Square Pluto.
I entirely agree - we (uk) are on the back foot here and now.
However, “No retail” = No profits for the “Big boyz”
Where that leaves the market is beyond my pay scale !
Exactly the same sentiment here in Australia, they are making noises about limiting access from retail players.
I think day by day it will be stronger and bigger market. I am assuming that stock market will be no longer exist in future. So, the possibility of forex is much higher. Some addition may added to forex but not more than that. You don’t need to be worried @Jayboii. But what might happened is it could be more competitive and scammer will find some new ways to do scam attack. So, trader should be prepared for that.
Was this not also your thread back in 2015?
The actual foreign exchange market, where actual transactions take place and actual funds move from one bank account to another, is a very different entity to retail trading on leverage via brokers, where phantom money that we do not have is “exchanged” with another party for “money” denominated in a different currency that also does not exist.
Genuine foreign exchange will exist as long as countries have different currencies and allow exchange to take place, and there are individuals/enterprises wishing to do “business” between those countries - whether this “business” is tourism or investment or commercial, etc.
What we do in retail “forex” is entirely separate from that real foreign exchange and could end tomorrow without changing that underlying real market (apart from some minor issues such as liquidity, maybe, etc).
The point is, I think, that no one is really going to be interested in trading real cash with no leverage unless they have a very large sum to move around. So if our retail business is regulated out of viable existence then retail trading will cease as we know it - and basic, genuine, foreign exchange will continue.
Maybe a more pertinent and realistic question might be, not how long is the forex market going to be around, but how long is oneself going to be around in it? 