The complexity of forex trading usually overwhelms its enthusiasts. However, according to Greg Secker, a little determination to learn about the basics of forex can enable one to effectively manage the risks involved. To this end, the trader should invest some time learning forex indicators and risk management. Some of the major indicators include single moving average, Bollinger bands, exponential moving average, economic calendars, and stochastic oscillator. While extensive knowledge and the right software for the forex trading are required, Greg says that these factors cannot make one a successful trader if his or her mindset is wrong.
Once they have started trading, Forex traders stand to enjoy numerous benefits. To begin with, it is easy to start since the least amount that the retail brokers require is $250. Most trading programs and platforms for forex include demos, which the trader can use to comprehend how the market and software work. Additionally, the trade can be conducted from any location provided there is internet connection and a trading device. Forex trading is flexible. Notably, a trader stands high chances of making a profit even when the market is slowing down.
About Greg Secker
Greg Secker, who was born in 1975, is a revered master trader, international speaker, entrepreneur, and renowned philanthropist. In 2003, Greg founded the Knowledge to Action Group, which is made up of various companies, including Learn to Trade, a leading trading education company in the world, SmartCharts Software that offers modern trading technology, FX capital, a managed account forex investment service, and Capital Index, a city brokerage company. Moreover, his not-for-profit organization is committed to boosting the quality of life for different people from around the globe.
Greg began his career by working for Thomas Financial services before shifting to the foreign exchange industry to run Virtual Trading Desk (VTD). VTD is regarded as the first online real-time forex trading platform. The platform allowed customers to receive real-time quotes for large foreign exchange transactions. Later, he worked for Mellon Financial Corporation as the vice president. For the last 13 years, Greg’s company, Learn to Trade, has continued to grow as they have opened offices in London, South Africa, Australia, and Philippines. More than 200,000 traders have benefited from Greg Secker’s training.