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May 24, 2012 02:30PM GMT
     
 
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Forexpros interview with Adam Rosen; cofounder of 4Xlounge.com
Rosen; cofounder of 4Xlounge.com speaks with Forexpros

What is your name and position in the company?
Adam Rosen; cofounder 4Xlounge.com

What is your professional background?
Adam Rosen has worked on Wall Street for nearly 10 years in a number of capacities including trading equities, fixed income products, equity, and Forexoptions, as well as asset management. Recently Adam spent over 3 years at FXCM, serving as the Chief Power Course instructor, administering educational programs to over 10,000 alumni. In addition, Adam has traveled around the country instructing thousands of investors and traders of all skill levels, from beginner to the advanced. Adam's success can be attributed to a neverending thirst for market knowledge combined with experience and discipline, which has allowed him to translate theory into practice.

Could you please describe the solutions your company offers for the
Forex market?

4Xlounge provides forex traders with a slew of proprietary trading solutions including live trading signals delivered via SMS/email, as well as a number of trading applications that sit directly on your desktop. In particular, our "Market Barometer" shows each currency's individual relative strength, allowing the trader to construct the 'best' currency pair at any time.

Who is your targeted audience?
Our trading applications and systems are designed for the active forex
trader on a long and short term basis. Because our market systems follow the forex price action around the clock, traders from any time zone may take advantage of our signals.

Who are your main competitors in the Forex market?
Our main competitors include forex signal providers, educational firms, and market advisories, however we have found very few of our competitors offer all three services together.

What are the main advantages you have over your competitors?
Our competitive advantage rests in our traders's ability to access a slew of trading signals, forex education, and advisory services, all at one stop. In addition, our proprietary indicators can only be found at 4Xlounge and remain unique within the forex industry.

What kind of support do you offer to your clients?
We pride ourselves in offering full service support, including instructional movies and documents discussing all trading services and applications we offer, as well as the potential for oneonone instruction via the "Market Lounge" live trading room.

Where do you see the Forex Market heading over the next few years?
I believe the tremendous growth in the forex industry, specifically forex signal and advisory services has allowed the trader to pick and choose the best solution for their needs. This ultimately puts the power in the hands of the consumer, and help determine which forex companies will be here for the long run. The increased activity and liquidity in the forex market will help forex brokers and market makers introduce new currencies into the main stream forex world.

What personally is your favorite trading tool?
Personally, I find myself using Fibonacci lines and the "Market Barometer"
featured on 4Xlounge.com. The combination of the two can be a very effective tool in selecting the 'right' currency pair, and anticipating major reversal points within a long term trend.


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