The recent rise and fall in the value of currencies in the foreign exchange market has made investing attractive and profitable. Greg Secker; a forex trader, defined forex as the foreign exchange markets involving 24 hours a day and 5.5 days a week exchange of international currencies without a centralized exchange. In forex, trading is based on the probability of falling or rising in a currency’s value compared to another currency. It has become popular due to the great turmoil that has lead to instability and unpredictability of the world’s economy. The rising inflation results in wage growth stagnation making the stock market trade unpredictable, yet it attracts investors to the forex market.
One doesn’t need inmate talents or a mathematical mind to succeed in the forex market. Due to forex technological advancement, software provided over the internet can be used to navigate. This can help minimize the uncertainties involved. Forex is easy to start, has demos that provide opportunities to practice, is popular, flexible and can be traded anywhere and at any time. However, one needs to analyze the navigation software before application and keep emotions out of the trade. Therefore, one should set his ambition and be realistic.
The master trader and entrepreneur, Greg Secker, was born in England. He graduated with a bachelor’s degree in Agricultural and Food Sciences from the University of Nottingham. He served as a Trading Technologist at yet another company; Thomas Cook Financial Services and established the currently used forex system. He later rose to be of Mellon Financial Corporation’s Vice President where he learnt about the best financial traders in the forex industry. Additionally, he became a major Fortune-500 Investment Bank and worked with the world’s best traders.
In 2003, Mr. Secker began mentoring services upon retiring from Mellon Financial Corporation. He founded the Knowledge Action Group that has branches across the world and provides trading technology and software. He also founded the Gred Secker Foundation with the motive of providing programs that teaches leadership skills and improve education opportunities to the needy youths.