Forex trading: Business under your control (2)

Kunle Adeyeri

‘Kunle Adeyeri

There are positions like vice chairman/ chief executive, MD/CEO, COO, CFO and other top managerial posts in public and private businesses which people have held and lost; they retire from such posts either forcefully or voluntarily.

Self actualisation still breeds the will to own and control our business one day. The tumultuous response to the previous article has propelled me to write this piece to give more my own little encouragement in the one I can successfully guide you.

Many entrepreneurs will tell you it takes a lion’s heart and a bold step to do it. So for many who have sought to come on board to learn forex trading, thus craving to have their business under their control, the door is widely open.

What risk does it carry? The answer is simply loss which is another fear factor. All businesses have risks. Nearly, if not, all financial institutions are very mindful of risk of loss. This makes them to hire top financial and accounting experts to oversee and supervise where there are or might be loopholes. Leakages or recklessness are thus timely nipped in the bud. The experts often set laid down guidelines to follow for overall success. Guarding against losses will be to tackle factors responsible.

The major factors militating against success in forex trading are poor education and lack of technical understanding. With good knowledge background of the course or subject, the first major hurdle is crossed. Grab the opportunities when experts in the field are ready to impart knowledge. Do not rely on self-teaching; it may not help much. Secondly is what is termed and widely practised- virtual trading or demo trading or paper trading.

Doing well on paper without actual investment is what most lay claim to as success. Many do well on this and fail on live trading. The reason is lack of confidence not instilled during those hog-wash trainings.

One cannot put much seriousness and attention to a business where his or her capital is not involved. I do make most of my trainees trade live account before the end of their course.

If the aforementioned, quality training and capital, are in place. The business – forex trading is under your control. The one step away is making a huge success of it. It is no gainsaying that it is the most lucrative business which gives a quicker return.

From my own point of teaching and view, it must be held strictly as business. The rules must be obeyed. The rules of risks and financial management. The market punishes well if you go overboard. What are these simple rules? The trainer must be able to tell and teach you these during your course. Once you are obedient, you will preach forex trading to others’ amazement.

The pawns in forex trading business are small investors who want to make it big without proper risk control and also big -time investors who throw caution (risks management) to the wind.

You can take advantage of fifty per cent bonus on our last training for the year scheduled to begin this November to become a good trader. The online (class) mode of training window has been opened for those outside the country and Lagos to participate (Log unto www.gotomeeting.com, download and call for code).

It is high time you controlled your own business and hold the permanent title posts of Chairman, Founder, ‘Forexpreneur’ etc. See you!

MARKET ANALYSIS FOR THE WEEK MONDAY 2ND – FRIDAY 6TH NOVEMBER, 2015.

The signals activation may occur early in the week

EURUSD buy @ 1.1000 TP@ 1.1100

GBPUSD buy @ 1.5285 – 1.5295 TP1 @1.5390

AUDUSD buy @ 0.7090 – 0.7100. TP@ 0.7180

Enjoy 50% Xmas bonus on our one month training beginning Monday 9th November, 2015 and free daily signals by opening an account. Visit our Ikeja Office or log unto www.kardsfx.com. Click open an account on right hand corner up.

For reasonable return on Online Account Management visit our office at 2nd Floor, 67 Obafemi Awolowo Way, Ikeja. Call 08148405500 and/or 01-3429029 (Office) . email: kardsngrltd@yahoo.com . Visit www.kardsfx.com