I have always
been interested in the Global Financial markets ever since I was in campus
thanks to watching Bloomberg on satellite T.V. But I really didn’t have an idea
of how people traded I always thought, well, you buy the Shares of a good
company and later sell them when they appreciate say after 2years or 5years. I began
learning about trading/market speculation in early 2016. A friend invited me to
a seminar held by one of the popular trading gurus out there who claimed that
he was a successful currency trader and a ‘Wealth Coach’
His speech was
quite alluring to those who the get rich quick motivational speakers charm
easily. I am a sceptic, got it from my Dad, and sometimes a severe pessimist. Besides
I have read a couple of Autobiographies about folks the World considers as wealthy
and none of them talk about joining a program conducted by a ‘wealth coach’.
Anyway, He talked about Trading currencies and the WONDERFUL thing about it is
that you can make profits if a currency appreciates or depreciates and this is
what caught my attention since common knowledge dictates that u can’t benefit
from something that depreciates, it is simply impossible.
At the end of the seminar, on the count of
three he promised that the first 50 people to sign up with his organization will
be mentored and get to ride on the get rich quick train. He had placed
assistants at the back of the Hall, pen and paper in hand ready to take down
names. 3,2,1…. the rush to the back of the hall was unbelievable my good friend
and a chunk of the audience was already intoxicated by his talk (I could notice
this during his presentation especially when the speaker commanded the entire
audience to repeatedly say out loud those success adages with vigour like a
warrior repeating a War chant-those of us who didn’t participate in the charade,
were assumed to ‘not be ready’ for success). My good friend almost knocked me off
my chair and mind you, my friend is quite tiny compared to me.
Buuut…after scrambling
up to where the ticket man who would give them a ‘free ticket to board the get
rich quick train, the speaker told them that they would first have to part with
a deposit of $2,500! Which was part of an $8000 fee for the entire mentorship
program. Faces sunk, some laughed embarrassingly at their actions, and some
scratched their heads. Most of these guys are jobless college graduates, are
you asking them to pay for College again? I wondered. Astonishingly enough, the
fella did not even talk about how the Global Financial Markets Work! he just
went straight ahead to how he can show you his ‘secrets’ to effortlessly grab thousands
of dollars in a span of minutes from the Markets, as long as you follow him and
His Brokerage Trading Platform (of course with your widely open wallet and
probably part of your savings if you were employed).
Anyway, we went back home discussing about
that evening’s event and the ridiculous amount (given the fact that we live in
a Third World country that amount was ridiculous). But this did not discourage
me from wanting to learn about trading given the fact that I knew one can
literally learn a skill via the internet (I learned a lot about hacking Wi-Fi networks
and yet I didn’t have a computer programming background). So, I decided to
research about trading currencies and trading in general. I scoured the
internet and found out that some of the most successful traders were college
dropouts or didn’t go to college and that a large majority of them including graduates
did not have a background in Finance. This encouraged my pursuit of learning
how to trade besides, it would be a way of starting a business and I had always
wanted to start a business, be my own Boss I just didn’t know what kind and
trading FX offered an opportunity… (to be continued)
