The forex industry evolved nicely in 2009. Looking towards 2010, and the new decade, here are 5 predictions about the industry. I wrote this post after reading Kathy Lien’s excellent article about the top 5 events of this decade. I’m looking at trends that already began recently, as well as trends that I believe that we’ll see in 2010 and in the following years. Forex trading will become more mainstream: Most people think of forex only in the context of buying hard currency when they go for a trip abroad. As the forex industry continues to evolve, I believe that it will become more mainstream, getting more attention in the media, and becoming an investment channel that the banks offer. BRIC currencies to become more popular: The big nations of Brazil, Russia, India and China aren’t very popular with forex traders. China’s economy is the third in the world, and will soon become second, but the currency doesn’t float. The other countries aren’t popular now. Not yet. I already wrote about the Brazilian Real. I believe that their popularity will rise: more brokers will offer them, people :in forums will talk about them, and their trade volume will rise. Consolidation of forex brokers: Currently there are lots of forex brokers out there. Some are market-makers, and others are ECN/STP. Most traders don’t know the differences. I think that many of the smaller brokers, and especially market-makers, will disappear or merge into bigger brokers. Consolidation happens in any maturing industry, and it will eventually happen in forex. Education will become important: Following the previous point, the level of education is rising among traders and this will be seen not only in choice of brokers but also in trading. Forex education will impact trading styles, profits and people who supply resources for teaching and coaching forex. Here’s more about the growing role of education. Commodities will grow with forex: Oil and gold are already quite popular. As the world recovers, more commodities will be in the limelight. Silver has gained traction due its rise, and a food crisis will probably make wheat very popular. Commodities don’t have to compete with forex: more brokers will probably offer both together. It’s becoming more and more common. I’d love to hear more predictions… 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 Opinions share Read Next EUR/USD Outlook – January 4-8 2010 Yohay Elam 13 years The forex industry evolved nicely in 2009. Looking towards 2010, and the new decade, here are 5 predictions about the industry. I wrote this post after reading Kathy Lien's excellent article about the top 5 events of this decade. I'm looking at trends that already began recently, as well as trends that I believe that we'll see in 2010 and in the following years. Forex trading will become more mainstream: Most people think of forex only in the context of buying hard currency when they go for a trip abroad. As the forex industry continues to evolve, I believe that… 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.