The financial investing scene in the Philippines have changed a little bit. No, we're not talking about stock market cheap movado for sale or cash flows, that won't be the focus of this article. Instead, the scenery we're going to discuss is the process and style by which investments are being made - of investors buying currencies and stocks through a third party middle-man/agency. Traditional Philippine Forex Scenery In Philippine Forex trading, the dominant business model is the multiple-step flow brokerage model. There is an individual who wants to make investments either by buying stocks or currencies, and there is an international financial company that helps and facilitates its clients to do Forex trading. Instead of directly going to the international financial company, the individual goes to a small local brokerage company, and this local brokerage will get the help of the international company for Forex. The picture gets more complicated if the individual enlists help from individual brokers, who are clients of local brokerage, who are also getting help fake calvin klein watches from international financial company. fake breitling watches In fake hermes this type of model, the individual brokers and local brokerage companies are the most advantageous. When an investor enlists their help, they are automatically charged for broker commissions. Whether or not the investor gains replica glashutte watches or loses money for their investments, they are still required to pay the commissions fees of their brokers which are usually around 10% to 20%. So the investors are only replica ferrari the one shedding money in this business model. They sustain both the individual brokers and local brokerage company, whose only work was to liaise them with the international financial consulting companies. There are several reasons why this model is persisting. First, the International financial consulting companies (who doesn't charge commissions, mind you) are almost inaccessible to individual investors because they don't have local branches in the Philippines. Second, the investing public is fake jaeger lecoultre master relatively unaware that these ladder-like system exists and they don't know that they have other cheap glashutte for sale alternatives for trading. Third, even if they do know it, some aspects of Filipino culture makes the multiple-step broker model more enticing for investors. We Filipinos love to take everything on the personal, face-to-face level and individual brokers take advantage of this. We are easily intimidated by institutions, and we don't easily put our trust on something if we don't personally know anyone who can give their personal guarantees to us. BREAKING THE traditional SCENE The Internet is most instrumental for breaking the dominance of multiple-step broker model. Because of the Internet, and the rise of Online trading, geographical distance became less of a problem for the international financial companies and individual traders. Investors doesn't need to go through brokers and local companies, ergo, less money to shed and more to save for them. As the internet is a very useful tool for information dissemination and knowledge-sharing, a considerable part of the Filipino investing public starts to know more about Forex trading and the options available for them. Glocalization will also be playing cheap armani for sale an important part for breaking the traditional Forex scenery. More and more foreign companies are establishing their foothold in the Philippine business landscape, and among them are the large financial companies. Admiral Markets had taken the lead when they recently opened their own branch here in the Philippines and more financial companies, like Currencies Direct and Lite Forex, are expected to come by 2015. Perhaps, the most resistance will come from the group of brokers and the Filipino culture and this is understandable. Brokers will get less commissions and less business, and they are going to do everything to prevent this from happening.