How to make money trading forex

How to make money trading forex
More people are now seeking alternative ways to keep their pensions safe
Knowledge2Action

Having taught currency trading for almost ten years, multi-millionaire wealth mentor and master trader, Greg Secker is one of the most sought after trader coaches in the world.  Speaking alongside Sir Richard Branson, Anthony Robbins and Lord Alan Sugar to an audience of 8000 people at this year’s National Achievers Congress on the 2nd July, Greg told his own story to wealth, and outlined the powerful wealth creation tools that trading can offer. The National Achievers Congress gather’s some of the world’s top business personalities and offers audiences practical life changing tools and business insights.

Greg and his expert team of trader coaches have trained over 100,000 people through Knowledge to Action’s trading seminars, where they learn how to produce a second or replacement income trading the currency markets. 90% of these people are literally the man in the street – complete beginners often starting with less than £2,000 to build upon. Students attend an intensive two day workshop where they learn the key strategies of trading and how to read the movements of the currency markets. The techniques are simple and can be taught to complete beginners.

Currency Trading Risk Management

Risk management is one of the key focuses of the course with Greg only allowing students to risk 1% of their total trading account at a time. Instead of asking, “how much money can I make?” the question that winners always ask is “how much money can I afford to lose?” It is these wealth psychology strategies that make Greg’s students some of the most successful traders in the world.

 

The comprehensive training helps students set up their trading accounts and install the latest trading software complete with step by step charts that show beginners exactly where to enter trades and where to set the stop loss. The most important step of all is that all students get coached with a professional trader, they watch live trades being placed in front of their eyes and are hand held through the trading process.

When applied correctly, trading can be one of the most effective tools in growing your wealth. The flexibility of trading your own accounts allows you the freedom to control the rate of growth as well as having immediate access to the funds should you need to. This is a rare and powerful combination that is hard to find anywhere else.

Tax Free Investment Opportunity

It’s a little known fact that trading is also completely tax free. When looking around for other tax free investment opportunities one of the most widely used would be the very popular ISA saving accounts that offer tax free interest. ISA is simply a tax free savings account every UK adult can deposit £5,340 per tax year. Once in, it remains tax-free year after year, but if you don’t use a year’s allocation you lose it. A product offered by most UK Banks, some of the best ISA’s on offer are Santander 3.3% AER, Nationwide 3.1% AER, Halifax 3.0% AER*.

In order to find out what the difference would be if you chose to trade your money (rather than put it into an ISA account) we spoke to three traders who have all recently learnt to trade the currency markets to get their average results over a one year period. The table below indicates what their outcomes would have been had they invested the maximum amount an ISA account holds( £5,340) into their trading account. Brian Thompson, an accountant from London was averaging  6.9% per month on his trading account giving him an incredible yield of 122.71% per annum, Piers Colver, a property investor was averaging  2% per month giving him an annual yield of 26.82% and Richard A who now trades full time was averaging 4.16% giving him a return of 63.08%.


Starting £        After 1 year     Return p/m      Return p/a

ISA savings account     £5,340              £5,506                                      3.1% p/a

Currency Trading

Brian Thompson           £5,340              £11,893            6.9% p/m          122.71% p/a

Piers Colver                 £5,340              £6,772              2.0% p/m          26.82% p/a

Richard A                     £5,340              £8,709              4.16%p/m         63.08% p/a

See the teachings of Greg and book yourself onto a free forex trading seminar  throughout the UK.

* Rates correct as of 30/06/11. Figures quoted from www.moneysavingexpert.com

Disclaimer: Our Seminars are purely educational in nature. We do not advise upon or tip any trades shown in any seminar. All trades demonstrated whilst on Knowledge to Action’s courses are for educational and illustration purposes only. These products are not suitable for all investors. Please make sure you understand the risks involved.

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