Although many people are interested in forex trading, only a handful of them practices it because of the complexities it comes along with. However, according to Greg Secker equipping oneself with basic knowledge about forex trading is the most important thing people should know. The basics which include how to manage risk effectively and the fundamental forex indicators are important in enabling people to carry out healthy profitable forex trading.
Despite the fact that some economists deem forex trading to be entirely unpredictable, there exists a number of indicators that forex trader’s use in deciding what and when to buy and sell in the forex trading. Some of the common indicators used by the forex traders include the Simple Moving Average, the Exponential Moving Average among other indicators.
The Simple Moving Average is simply the mean value of a currency or in other words the stock over a specific period. There exists long and short SMAs. The averages are useful in revealing trends in the market and in determining the value of commodities in the future.
Exponential Moving Average is similar to SMA although short geared. It quickly reacts to changes in price. Forex traders often use it to takes advantage of fluctuations in the market.
The Stochastic Oscillator is a measurement of momentum in forex trading. The measurement is crucial in determining the behavior of currency in the future. Bollinger bands are used in the measurement of vitality. It measures whether the relativity of a commodity is high or low. Economic calendars, on the other hand, are the best indicator for new traders.
Greg Secker is an entrepreneur and a speaker. He holds a Bachelor’s degree in Agriculture and Food Science from the University of Nottingham. He worked at the Thomas Cook Financial Services where he developed the Virtual Trading Desk. The software was a forex trading platform based on the internet.
He left Thomas Cook Financial Services in 2003 and founded Learn to Trade. The company works round the clock to assist people to understand forex indicators, manage risks and be able to make profits in the business.
The CEO CFO Magazine recently interviewed Greg Secker, the founder of Learn to Trade. He revealed that he occasionally gives money to less privileged in the society to help them. Having studied agriculture and food sciences, he ventured into finance after learning how the business world operates.
A recap of Greg Secker’s interview with CEOCFO Magazine
In his earlier years in college and after graduation, he was involved in the construction and sale of computers. It is during this time that he learned how to code and developed 3D interactive models. Greg Secker ventured into finance at the Thomas Cook Financial Services and later at Virtual Trading Desk. His first venture capital was £ 5,000, and within a year, he was able to convert it to £60,000. Having generated a significant amount of wealth, he retired. Greg Secker was motivated by professionals, such as Jack Canfield, Tony Robbins, and Dr. John Dermartini, to become a motivational speaker. He has since helped hundreds of people secure other sources of income. Greg Secker plans to reach out to the Filipino people and assist them to acquire financial freedom.
About Greg Secker
Greg Secker is an entrepreneur that has made it big in the business scenery. He became a multi-millionaire in his twenties and had always strived to maintain that status quo. Greg Secker is a graduate of the University of Nottingham. He is the founder of numerous establishments. He has a vested interest in innovation, technology, and business. Greg Secker enjoys his spare time taking coffee, at the gym, and watching sports. His current mission to help different people acquire financial freedom. He is the owner of Capital Index, Learn to Trade, and SmartCharts Software. Greg Secker has worked for various companies, including Thomas Cook Financial Services.
He is a recipient of numerous professional awards such as British Telecom Award for Innovation in e-commerce. Greg Secker has also recognized by the National CSR for excelling in corporate leadership. He also practices philanthropy and is the founder of the Greg Secker Foundation, a non-profit organization committed to improving the lives of people globally. Greg Secker also supports the youth through teaching them leadership and life skills. This entrepreneur is considered one of the most influential philanthropists and social entrepreneurs in the 21st century.