Foreign exchange market is a decentralized marketplace where international currencies are traded. Trading in international currencies is popularly known as Forex Trading. For international trade to be facilitated, Forex Trading must occur. Economists have repeatedly highlighted the importance of Forex Trade to the world’s economy. Besides facilitating International Trade, it also boosts the world’s economy with its extremely large trading volumes per day. According to financial expert Greg Secker, current economic conditions are ideal for Forex Trading. With the stagnation of wage growth, increased inflation and low interest rates, other financial investments face the threat of collapsing. Unlike regular trade investments, these conditions do not cripple Forex Trading as it relies on different profit-making techniques.
One of the primary reasons why people should venture into Forex trading is because traditional trading in other sectors of the economy has become more erratic. Inflation has hit economies across the globe hard. As a result, profit levels have decreased in traditional trading set-ups. On the other hand, Forex Trading involves prediction of the performance of one currency against another, and isn’t affected by most factors affecting traditional businesses. Although profits aren’t guaranteed in Forex Trading as well, the risk of financial loss is significantly reduced. Forex Trading is also easier to venture into and more flexible as compared to regular investments. With as little as $250 and a stable Internet connection, one can begin trading in the foreign exchange market.
Born in Norfolk, England in 1975, Greg Secker is a successful entrepreneur and philanthropist. He attended the University of Nottingham in 1997, where he graduated with a Degree in Agricultural and Food Science. Fresh out of University, Secker was hired as a trading technologist at Thomas Cook Financial Services. Shortly after, his interest in Forex Trading was seen when he developed the online Forex software, Virtual Trading Desk (VTD). Secker then worked for Mellon Financial Corporation as Vice-President, before he left and founded Learn to Trade- an organization that has mentored thousands of Forex traders. He is also the founder of the philanthropic Greg Secker Foundation.