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Forex is an abbreviation for the foreign exchange market, a market exchange where international currencies change hands 24 hours a day, 5.5 days a week. Forex is dissimilar to the stock market because it does not use a centralized exchange. All forex trades are made via high speed computer networks. Even though forex trading utilizes complicated technology, one does not need to be a tech wizard to be a successful trader. One simply makes trades based on whether they think a currency will fall or rise in value compared to a specific currency. This allows traders to benefit from forex trading depending on the state of the market.
Many individuals have been holding off on forex trading. Greg Secker, an experienced forex trader, believes that the current economic situation makes forex trading very lucrative. Interest rates have reached historic lows with some central banks charging a negative interest rate. Wages have also stagnated combining with inflation to sink many investment strategies. Greg Secker advises investors to enter forex trading as a way of making reliable profits. The current geopolitical turmoil has made the global economy unpredictable and unstable. This creates an opportunity for forex traders to make a good profit.
Many individuals do not participate in forex trading because they think that one must have innate mathematical talents to be successful in forex trading. This couldn’t be further from the truth. Even though there is a learning curve, math should not prevent one from participating in forex trading. One can start with as little as $250 and start increasing their portfolio. The internet also allows one to trade forex wherever they are.
Greg Secker is an international speaker, entrepreneur and philanthropist. Greg Secker has always been passionate about financial freedom, this caused him to start one of Europe’s top trading coaching companies. Greg’s first company was Virtual Trading Desk, one of the first real-time, online forex trading platforms. VTD’s customers were able to obtain real time quotes for large forex transactions. Greg then worked as a Senior VP at Mellon Financial Corporation for two years. He then decided to follow his passion for educating others and he founded Learn To Trade.