Traders and investors love it when there is a big price movement and when the same works in their favor. Volatility in the market is itself defined as the degree of change in the prices of a security over a specific period of time.
— Traders and investors love it when there is a big price movement and when the same works in their favor. It is true that major fortunes are made when the markets are volatile but it is a better accepted fact that big losses are incurred in the same market situations. Although these are much often when carefully crafted decisions are not taken. Volatility in the market is itself defined as the degree of change in the prices of a security over a specific period of time.
There are various factors that can lead to the volatility of the market, these causes can vary from major news headlines, economic data, political issues to geo-political states and many more. The trading strategies that we use in a non-volatile market are very different from what we use in the volatile market. So you need a really good plan to save yourself from those nerve wrecking tides of volatile markets.
One of the most profitable markets new traders are diving into is the foreign exchange (Forex) markets
The digital age seems to be exponentially growing every single year. It wasn’t all that long ago when it wasn’t even possible for people to trade the markets online. A newly merged market of retail traders is creating global awareness that it’s possible to make money from exchanging currencies just like the banks are. Forex trading is the largest financial market in the world and dates back to ancient times. Each official currency of each country has its own value that fluctuates every single day and can be traded back and forth between one another for a profit or a loss. The forex markets move over $6T per day with large banks and governments producing the majority of the market liquidity.
Gold Minds Global, a venture by Dimitri Wallace teaches students the basics of forex trading along with the strategy used over the years to create success. Gold Minds Global has created a massive online community of students learning the markets from their laptops or phones right at home. On top of that, the platform has a well established international community because their CEO Dimitri is also fluent in Mandarin Chinese.
Dimitri is helping people learn how to trade the markets from the comfort of their own homes via his online virtual classroom sessions. In a time where people are being forced to learn something new, he’s already been ahead of the curve. He’s created a lifestyle that allows him to live off of trading the foreign exchange markets and his movement is inspired by it daily. Dimitri can be found on Instagram at @thegoldfather_.
“We all want things to happen in the now, and I think that is what set me back. I was always wondering when things were going to happen for me, instead of asking why things were happening. I didn’t realize at the time that I was getting paid to wait. Once I realized that, all of my limitations disappeared. That was when I became great at my craft and created a movement to follow with it. If you can master patience, frugality and sacrifice, you can not only become an incredible trader, but an incredible entrepreneur as well.” ~ Dimitri Wallace.
He believes that you can’t have successes without failures because you need failure to learn and grow. “I love making mistakes because every time I do, it brings me a sense of enlightenment of what I could do better; it allows me to see into the future to avoid making mistakes that may hinder me. These days everyone lives in the world of microwave success. They want to be rich tomorrow, but don’t realize they need to do the labor of today in order to have a better tomorrow.”
More information on his Gold Minds Movement can be found at Gold Minds Global.
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