Online FOREX trading: Regaining public confidence

Kunle Adeyeri

Prior to this column debut, the public opinion generally towards forex trading is nothing to write home about. I could recollect how an editor of a business and entrepreneurship magazine turned me down. His reason was that they have tried themselves but people are losing money! My poser to him was that why are people losing money? He apparently had no answer.

At the debut of this column on Friday 26 October, 2012 cynics and pessimists and those who had experienced burnout in FOREX trading bombarded me with a lot mails and calls. Some even said I belong to one of the trainers who are not traders. I remain unmoved knowing it just a matter of time. As my campaign intensified weekly on the column and also with ample time devoted to allaying fears (proffering answers and solutions to calls, mails etc) the opinion began tilting.

Now as the third set of my three-month program is mid-way and some short intensive courses two which I have had in Lagos, the trainees have now become my evangelists as over seventy per cent of them are trading profitably. The present formal class has encouraged me to publish a book based on my method of teaching and simplifying what they thought was a herculean task. Referrals from my attendees are swelling. Over sixty per cent of my attendees so far are those who had had unpalatable experience before, no thanks to bad teaching from inexperienced trainers who are hardly traders and who rush FOREX trading training in one day seminar.

In fact, the eagerness or urge to hit the market again is boiling based on the assurance that FOREX trading is worth living on and conviction seen on various real or live accounts I trade profitably. The confidence has been instilled in them; hence their opinion has tilted towards a favourable disposition.

I write this piece from the Garden City and Oil City  of Port Harcourt based on inspiration (not the article intended for this week) from those my column have positively imparted on those who are about to benefit as well, having transversed Lagos-Abuja-Owerri and calling next on Benin City. The journey provided the opportunity to see some of my online trainees and also prospective investors who sought for meeting, putting voices and faces together.

Secondly are readers. Most have kept mute following me every week. But as soon as I introduced market analysis into the column they were forced to voice out. The opinion again tilted. Most confessed that they were of the opinion I write to fill a space. Even though they had faint faith in what I write weekly, but the analysis sparked interest. Traders who have used the analysis to generate profits confessed. I gave examples some weeks ago of just three who made over 1000 pips which had never happened ever since they have begun trading FOREX. Question from this community on my style evoked interests.

Thirdly is what I group as the FOREX traders community. The encomiums have begun to pour in from this community. Appreciating the publishing house for giving us a forum. Never mind what people say, there are a lot of traders in Nigeria and many who want to be. They have just been waiting for this moment to have the right person or persons to show them the way to profitable trading strategies. Subscription and enquiries for market signals and analysis it has swollen from this group.

The group of investors are not left out. I have had confidently ninety five percent success since the column debut. Of recent many have had to double their investments having seen mouth watering returns traditional investment cannot give even in three years in a short term. As I showcase to those who come to seek the truth in my claims, with rising demand and pressure so also I gently raise the bar.

This piece is not self chest beating appraisal but to tell of an opportunity of window for knowledge, investment and career for others. Unbelievably registration ahead for the next three moth programme scheduled for to begin in the month of August time is encouraging as registrants are jostling to have a seat in the limited formal and online classes. The nationwide one week intensive training tour for those outside my domain seems very positive too as they are looking forward to the proposed dates. Some are even asking me to shift the dates back as they cannot wait to share from this knowledge.

I had to take a look back myself. It has not been an easy task. It has been a bumpy road to profitable ways. I am not a trader who cannot truthfully share his past. Hence when readers, traders, trainees confront me with questions, they are or seem satisfied with my answers. Now I do nothing else except FOREX trading and all that surround it. Hence my gospel truth, for others to key into this profession where vast opportunity is still green. Why not enrol for the three month programme or the one-week short programme when it’s your location turn. Now FX Pulp is backing the one-week nationwide training to buttress the claim that windows of opportunities abound.