According studies, primarily because of the central role that the Internet has played in international trading, the real market for the intermediaries or middlemen in the international ‘secondary’ market trading has been collapsing quite rapidly in recent times. Estimates from such experts and accounts by experienced trader, assert that the year 2000 was the last “good year” for the intermediary in the business. Kamal J. Southall, for example, maintains that “after 2000, the critical mass of brokers and traders who were ill-informed and poorly trained, as well as of fraudulently applied offers and scams, reached the point that real end-buyers manufacturers and suppliers simply stopped responding [to intermediaries] except in exceptional cases.”
Southall estimates, citing another experts’ calculation, that out of some one million individuals currently trying to make it as brokers or trade intermediaries in the world, “perhaps no more than 1% has the training and skill needed to ever close a deal… [meaning that] the overwhelming majority, are trading blindly, [hence] deals are collapsing… and more to the point, [oil dealers are] being defrauded – sometimes massively how to write a cause and effect essay“
In point of fact, the general consensus among experts, is that previously, before the current advent of the predominance of the Internet in international trading when facsimile and telex trading were the supreme medium for the business, there had existed a reasonably robust and viable market, although small, for the intermediary agent. Such that it was rather common for an intermediary to occasionally get to a contract closing stage and to close deals and earn at least reasonable commission incomes. But that there has NOT been such an intermediary market lately for some years now, since the new Internet era. But rather, that such a market for the intermediary has essentially been dead for all but the most skilled and experienced intermediary in the market today – killed in part, though by no means completely, by the preeminent use of the Internet medium by the Internet trader and intermediary.
In short, the new reality of today is that while, in the days before the Internet, the average broker, agent or other intermediary or ‘middleman’ involved in international trading generally and successfully closed deals and earned decent income with at least some modest frequency, quite to the contrary, such broker or agent or other intermediary who operate in this current Internet era, on the other hand, hardly closes any deals or earns any income in the business any more.