Hong Kong has become the world’s third largest holder of foreign currency reserves with assets amounting to $107.5 billion at the end of December, the Hong Kong Monetary Authority said Monday.

The figures mean Hong Kong has taken over Taiwan’s ranking as the world’s third largest foreign currency reserves holder, after Japan and mainland China.

Advertising companies

Organisers of financial seminars

Have disposable income to trade

(usually above USD10,000)
The December figure was up from the $104.2 billion in November.

Any business professional with interested* clients

*How do you know if your contacts are interested in the forex markets?

If your contacts are the kind of people who satisfy all or some of the following criteria, then the chances are that they might be interested in trading forex. And this means that you can earn commissions from introducing them to a forex broker:

• You can receive daily reports on the commissions you generate through the clients you refer to your forex broker. This enables you to monitor the growth of you new business online, 24 hours a day.

• You can take advantage of the explosive growth in the demand for alternative investments by offering your high-net worth clients a managed forex account. By introducing clients to a managed forex account, you gain because their investments are being managed by professionals and this increases your reputation as a quality financial services provider.

• It’s easy to get started as an Introducing Broker. In fact, if you simply decide you want to introduce clients for a commission based on their trade volume (which is the most popular type of Introducing Broker agreement), then all you need is a relationship with a couple of forex brokers.

• You can leverage the potential in your existing customer base or commercial relationships by constantly improving the level and depth of financial services you provide.

posted by Administrator at 6:56 am & filed under Euros |