Forex Social Networking Website

AProject ReportOn

Forex Social Networking

Guided By : Mr.Hitesh ThakkarPresented By : Tarang Patel (IU1253000030)

Company By: Sigmate Informatics Pvt LtdContentsIntroductionCompany DetailsFeaturesModulesNeed For This SiteOperating EnvironmentTools Used To Development

IntroductionThe exchange of currencies between two or more countries on a recognized market. Market, in which currencies are traded.There is no central marketplace for currency exchange; trade is conducted over the counter. Forex means Foreign Currency Exchange. The forex market is open 24 hours a day, five days a week and currencies are traded worldwide among the major financial centers of London, New York, Tokyo, Zrich, Frankfurt, Hong Kong, Singapore, Paris and Sydney.IntroductionForex Social Networking is as same as general social networking site like Facebook , Orkut etc.Forex trading is a popular type of investing because it provides investors with the ability to make quick profits due to small changes in one country's currency. Due to the time differences around the world, forex trading takes place continuously because as one market closes another one opens.

Company detailsCompany Name : Sigmate Informatics Pvt Ltd.Company Profile : Web Development & Training.Software developmentMobile Application Development

ModulesUserBrokerAdministrationTransactionLiterature ReviewForex social investment networks are a very fast emerging trend in the world of currency trading. They allow investors and members to see what other social traders are doing, in order to gain a wider market knowledge and forex trading strategies. In most cases they allow you to copy or auto copy the trades of successful experts in exchange for a small commission.This is possible because the retail Forex market is so small compared to the large inter-bank market. So the activities of individual retail traders have no effect on prices of currency pairs.The biggest advantage of forex social networks is that more people turn a profit when compared to individual forex traders . Here are some of the top social investment forex sites. 1. eToro (http://www.etoro.com/)This is probably one of the biggest and most popular social networks. eToro OpenBook has 1.75m traders and more than 200,000 live accounts. Traders can trade not only currencies, but also commodities, some stocks and indices. Unlike other social networks, here you can become a social trading guru even if you do not have any trading skills.You can simply copy other traders, create your own portfolio and offer that to other copiers.

8 2. Zulutrade (http://haukacik.zulutrade.com/)Same as with eToro, Zulutrade is one of the biggest forex social investment networks.You can test it on demo account or open a live account and connect it to one of forex brokers offered by Zulu.There are thousands of signal providers to follow and copy. Top of them have easily 10 thousands of followers with millions of dollars on their accounts.

3. Currensee (http://www.currensee.com/)This social platform was launched in 2009. Currensee was one of the first forex social investment networks.They are popular but their membership is restricted. It allows their users to connect only real trading accounts, no demos. Main reason is to keep only quality signal providers. Your account can be connected to over 100 brokers. Currensee also offers a premium service where those who deposit several thousands dollars can copy elite Trade Leaders.Development Model-Iterative Waterfall Model

JustificationThe requirements of the system are known very well and there will be no changes in them.The problem that Forex Social Networking solves is well understood and the functionalities are clearly defined.Thus, the best model suited for Forex Social Networking is Iterative Waterfall Model.The waterfall model is often also referred to as the linear and sequential model, for the flow of activities in this model are rather linear and sequential as the name suggests.In this model, the software development activities move to the next phase only after the activities in the current phase are over.

Usecase diagram

Sequence Diagram

Sequence Diagram

Sequence Diagram

Activity DiagramAdmin

Data flow diagram

Activity Diagram

Admin

Trader

broker

E-R diagram:

Class Diagram

Screen ShotHome Page

Features

Social

Trader

Broker

About Us

Tools Used For DevelopmentPHP : Hyper Text Pre-processorAnother technology :JqueryHtmlVc++MT4 plug-inFreamwork : wordpress

Expected OutcomeTwo way communicationWorks with Multi-serverIt works with millions of the usersOpen a live account and connect it to one of forex brokers offered by our websiteZero depositYou can communicate with more than 100 brokersYou can trade with more than one currency ScopeOur web application provides you to communicate with more than two Tradding company.There is also a trusted brokers list, through which user can trade by choice of broker.Demo and Open live account facility is available

ConclusionThe exchange of currencies between two or more countries on a recognized market. Market, in which currencies are traded. There is no central marketplace for currency exchange; trade is conducted over the counter. Forex means Foreign Currency Exchange. Forex trading is a popular type of investing because it provides investors with the ability to make quick profits due to small changes in one country's currency. Due to the time differences around the world, forex trading takes place continuously because as one market closes another one opens. Here in this report, presenting you Project Detail, Design, about system, Document of hands on experience on different types of canvas.

Future workTwo way communicationWorks with Multi-serverIt works with millions of the usersOpen a live account and connect it to one of forex brokers offered by our websiteYou can communicate with more than 100 brokersYou can trade with more than one currency

Company ProfileSigmate Informatics Pvt. Ltd.

Instructors name : Hitesh Thakkar

Mail Id: hitesh@sigmateinformetics.com

Sigmate Informatics Pvt. Ltd. is an IT company based in Ahmedabad, India that offers solutions for web design & development and financial software development. We are experts in different areas like development & design of websites, mt4 tools & plugins, software & financial applications, internet/intranet applications and eCommerce & integrated business solutions. We offer all our services based on the expert knowledge of our professional staff with an aim to offer you with innovative and cutting edge solutions.Thank You