Greg Secker is living proof that there are great opportunities in trading foreign currencies. He has realized a high level of success by trading in the foreign exchange markets also known as forex. He achieved an enviable degree of financial independence even to the point where he is able to indulge his propensity for philanthropy. He’s a successful, well-rounded individual who seeks to help others. The following paragraphs detail some important tips from Secker for aspiring forex traders.
He advocates spending ample time learning the basics of the forex markets. Getting to know the major currency pairs and learning new terminology is essential for those new to the markets. The next step is finding a mentor who has traded successfully. Successful strategies and risk management can be learned from the right person.
Greg Secker is convinced that beginners stand a better chance of success when they focus on one quality strategy. This removes the chance that aspects of multiple strategies could cause confusion when learning to trade. It also makes it easier to maintain the vigilant focus which is necessary for success in the marketplace.
An important factor when starting out is learning to control your emotions. If it feels like the excitement of a horse race or other types of gambling it will be much more difficult to trade successfully. Decisions, when made with strong emotional currents flowing, are often wrong.
A realistic outlook is critical to managing expectations. Obtaining enough money to retire on from the markets takes time and is rarely accomplished quickly. Secker knows firsthand the importance of reasonable expectations and coaches accordingly. He emphasizes dedication and perseverance.
Setting goals are something that Greg Secker endorses and helps traders implement a master plan with his educational opportunities. The satisfaction of a goal accomplished is something that Secker knows can ignite a passion for trading and success.
Greg Secker’s career took off with his work at Thomas Cook Financial Services. By working with traders and learning their successful strategies, he was able to help develop their trading desk. He started his own trading business and was very successful. He now helps others learn how to trade successfully and is engaged in various philanthropic endeavors.