A Different Approach to Online Forex at Tradeveb.com

Online, September 20, 2010 (Newswire.com) - Tradeveb, a website focusing on online forex trading tips, information and trading methods has big plans to introduce a suit of free products. The core team consists of young entrepreneurs who met at a business school and now want to pursue their passion in online forex trading as a career. In their own words "We want the website to reflect our experience in the industry, where we started as rookies trying to make quick money, to enthusiasts who want to grow with it."

Online forex trade has caught on since these young men first met two years ago and started experimenting with it. Today competition is tough and many players have dominated the industry by aggressively acquiring market share. Forex trading software and expert advisors have flooded the market with offers and promises. The cost of acquiring traffic in this niche is also among the highest on the web.

In this landscape how do they plan to make a mark?

The Tradeveb team is banking on making the competitive nature of the industry work to their advantage. They have experienced that despite high levels of competition none of the websites provide a differentiated product that really help users make informed decisions. Everyone is focused on enticing the novice trader with a free account, bonus features and the opportunity to win grand prices. Tradeveb will not measure success in terms of dollars, but in terms of excellence in service to members and product offerings. As they say "We could well be the first ones to not look at money as a reason to enter the Online Forex Trading business". That might well be true.

Though the website is quite simple now, plans are under way to launch as series of evolutions every month. This might well be only the initiation of many things to come. Next month Tradeveb is on track to introduce their "Crash Course in Online Forex Trade". Following the crash course they plan to open an online school to learn the business. This will cater to all segments of users ranging from beginners to advanced traders. Since their experience with currency exchange began at a business school, they plan to take the website in a similar direction in its lifecycle.

In their own words, "Going back to school is great and one of the best decisions we ever made. To be successful in this industry structured education is important. The good news is - we plan to make it fun!". A large influx of novice traders will help their initiatives in taking a bottom-up approach to business. Naturally, this will give them room to incorporate social networking between traders and learners. It is definitely fertile ground for hands on learning.

As much as the team is focused on baby steps now, future plans include expanding to platforms other than the standard personal computers and laptops. Surprisingly at Tradeveb moving to a new platform such as iphones, smart phones and ipad are considered only an extension if their services, and not revolutionary. Smartly so. When every other website and service has a mobile and ipad version it's true that platform independence does not provide a real competitive edge anymore.

In the long-term the Tradeveb team is excited to open their own brokerage service, but understands the barriers to entry are high. For now they are keen on providing exceptional service to their users. As their motto says, "success follows excellence".

Fore more information visit http://www.tradeveb.com/