FXCM is due to reduce their advertising budget dramatically. This move will have an impact on the forex industry, but also in ways that aren’t expected. FXStreet’s CEO, Fransesc Riverola, reported that FXCM will be dramatically cutting its advertising budget for 2010. In a very interesting blog post, he said that the battle will be in M&A – mergers and acquisitions. In his post he describes FXCM as one of the most active advertisers in the forex industry and looked into the impact of their move: 2009 was a year of explosion of Forex sites. The consequence of the dramatic cuts in the Retail Forex brokers’ budget is going to be that many new Forex related sites will be forced to close their doors due to the lack of monetizing of their ad stock. Well, as an owner of a forex site that has seen great growth in 2009, I don’t see any fall in revenue – on the contrary – revenue is growing. My litmus for advertising costs is Google AdSense. The largest ad network in the world has supplied me with steady CPMs throughout 2009. I won’t be shutting my doors soon… I think that the move by FXCM (which also advertises here) is significant, but will also have other consequences: other forex brokers will have an opportunity to increase their presence on the web and gain more traders, as FXCM will make some space vacant. I stick to my statement in the 2010 forex industry predictions, and see further growth in forex trading, in the education of traders and the maturity of brokers. This will eventually have a positive effect on advertising dollars as well. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Basics & IndustryForex IndustryForex News Today: Daily Trading NewsForex SoftwareOpinionsOther Forex Stuff share Read Next Forex Daily Outlook – January 12th 2010 Yohay Elam 13 years FXCM is due to reduce their advertising budget dramatically. This move will have an impact on the forex industry, but also in ways that aren't expected. FXStreet's CEO, Fransesc Riverola, reported that FXCM will be dramatically cutting its advertising budget for 2010. In a very interesting blog post, he said that the battle will be in M&A - mergers and acquisitions. In his post he describes FXCM as one of the most active advertisers in the forex industry and looked into the impact of their move: 2009 was a year of explosion of Forex sites. The consequence of the dramatic… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.