Trading expert Neerav Vadera recently launched a new online training programme through G7FX Trading to help traders learn about the Forex markets. This was in response to the shifts taking place in the global workforce, and his desire to bring his institutional investment knowledge to private traders in Europe and around the world.
In recent years, the Forex market has been impacted in unpredictable ways. Forex trading markets are always susceptible to changes in international economic conditions. This is especially true when it comes to currency trading. It is important for traders to anticipate these changes and react as quickly as possible.
The recent H1N1 pandemic had an impact on Forex markets in Europe. In some cases, the panic and uncertainty led to a rise in interest rates, while other times they led to a lower value for the euro against other currencies. And then most recently, the COVID-19 pandemic caused massive market fluctuations that led to huge stock devaluations at firms particularly impacted by the pandemic’s restrictions. These included travel companies all the way through to entertainment giants that had been traditionally ‘untouchable’ by global chaos. But with theme parks closed and gyms no longer able to serve customers, people everywhere were being impacted differently. This was also the same for the Forex markets, and for traders in Europe who were suddenly finding a completely different landscape.
The Forex market today
The Forex market is a global decentralised market where currencies are traded. The Forex market is the largest financial market in the world and carries an average daily trading volume of $5 trillion USD.
It is difficult to know the exact number of forex brokers in Europe. However, it is estimated that there are about 400-500 brokers in Europe with Forex trading having been regulated in different ways across the European Union (EU).
Recent studies have found that forex traders don’t have the right knowledge and end up losing investments. It is important for them to get help from professionals in the field to reduce their losses in the market.
It is also true that there are many traders who make life-changing amounts of money, but there are also just as many people who made mistakes and lose a considerable amount on their investments.
Risk taking in the Forex markets and the educational question
The Forex market has its risk takers who don’t make business plans because they are all about the short-term. They are not concerned about the impact of their decisions on the future and it ends up costing them. Businesses that operate in foreign markets have to be aware of all the risks. This includes not only currency risk, but also other risks like governmental or legal changes. It is important for these businesses to plan for these contingencies and minimise as much as possible any potential adverse effects that may result from these events. For private traders, a risk-taking approach without insights and education with real tangible application can also lead to investment losses in the long term.
When it comes to educating traders, Vadera’s philosophy is in stark contrast to many established programmes. “Traditional retail schooling is completely incorrect. Forget about studying how to purchase and sell and instead leap right into the stock market. Nonsense. This is not the way to win in this game.
“First, we work together to create a clear business plan and timeline. This entails visiting several institutions and ensuring that we are aligned with the appropriate type of training, the order in which you will receive it, and how and when you will complete it in order to maximise your chances of success. The chart is then completely dismantled, and the actual data that drives markets is examined,” says Vadera.
How G7FX is seeking to empower traders in the current climate
For private traders that are looking to make more profit from their investments and find a better work-life balance, G7FX’s new Forex and Futures training programme based on Neerav Vadera’s 15+ years of experience could be an ideal fit. The programme helps traders learn everything they need to know about the institutional secrets of trading as well as the market dynamics which play such an important role.
“I have obtained the best possible training from some of the world’s largest institutional firms and have a track record of successful trading. When you pay for a service, I’m sure you expect the best and want to make sure the person is qualified to do the job. People in retail trade, on the other hand, appear to be all too happy to send over money to those who have few qualifications or real evidence of accomplishment.
“Given my experience and track record in this industry, as well as the overwhelmingly great feedback we have received from individuals who have completed our courses, I believe we have earned the right to claim that no training comes close to what we provide,” says Vadera.
A professional Forex trader knows that there is more to trading than just predicting how the market will go up or down. There is also the matter of dealing with taxes, regulations, and other risks that come with this profession. That’s why private traders should not hesitate in enrolling in Forex training programmes that pass on real world knowledge that can be applied in a practical sense.
G7FX comes with two professional courses for new traders and established pros with hours of videos and practical exercises that can be taken to get more understanding and insights in the Forex markets. This also includes access to a community and Neerav Vadera, who mentors top traders via the platform.
Have you considered learning more about Forex markets and trading? Share your opinion with us.
In partnership with G7FX
Financial disclaimer: Financial trading, and the use of leveraged products is extremely risky&can result in losses that exceed your initial deposit. Suitable advice should be obtained before commencing trading in the financial markets.