About Greg Secker | Learn To Trade Philippines (2024)

FAQs

How does Greg Secker make his money? ›

Greg's career began in Thomas Cook Financial services. He then moved over to the foreign exchange business to run a brand new business entitled the Virtual Trading Deskâ„¢. VTD was the first online real-time Forex trading platform, allowing customers to receive real-time quotes for huge foreign exchange transactions.

Positive feedback from some users: While Learn to Trade does have its critics, there are some reports online of traders who have been satisfied with the training they have received, including claims of some former students who have gone on to succeed in trading forex markets.

Yes, but only 5% of people earn money from the stock market and 95% lose their capital because of greed. The stock market is also like a business where we can expect a 5/10% return per month at the same time there is a possibility of losses.

In 2003, Learn to Trade was conceived by master trader Greg Secker. Greg spent years trading Forex to massive success, before retiring at just 27 years of age.

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, what is often promoted as an easy road to riches, can quickly become a rocky highway to enormous losses and potential penury.

It is possible to earn money with day trading and make a living from it and generate high income - but the chances are extremely low. A maximum of three percent of all traders achieve long-term profits; the vast majority lose large sums of money.

While some day traders end up successful and make a lot of money, they are the exception rather than the norm. If you want to try day trading, start small and do not commit your entire investment account. Test out strategies and learn without risking all your savings.

Many forex brokers today offer micro or nano accounts, allowing traders to start with as little as $100. However, a more realistic starting capital for forex trading is between $1,000 to $5,000, enabling better risk management and trading flexibility.

In conclusion, while it is possible to become a millionaire through scalping trading, it requires a significant amount of skill, experience, and risk management. As with any form of trading or investment, it is important to thoroughly research and understand the risks involved before investing your time and money.

How much money do I need to invest to make $3,000 a month? ›

Imagine you wish to amass $3000 monthly from your investments, amounting to $36,000 annually. If you park your funds in a savings account offering a 2% annual interest rate, you'd need to inject roughly $1.8 million into the account.

Swing trading is most suitable for beginners due to this low speed. In fact, the chance of success is also the highest here - but the risk must still be taken seriously! Although they are particularly well suited to trading for beginners, few newcomers opt for swing trading strategies.

Many people have made millions just by day trading. Some examples are Ross Cameron, Brett N. Steenbarger, etc. But the important thing about day trading is that only a few can make money out of day trading and the rest end up losing their entire capital in day trading.

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It's possible to make money trading money when the prices of foreign currencies rise and fall. Currencies are traded in pairs. Trading currency can be very profitable for active traders because of low trading costs, diverse markets, and the availability of high leverage.

As a day trader, you identify the markets and investments you want to focus on. You then try to buy and sell throughout the day to time positions that make you money, such as buying a stock right before an announcement pushes the price up and then selling once you think the price hits the peak.

In return for executing buy or sell orders, the forex broker will charge a commission per trade, a spread, or both. This is how forex brokers make their money. A spread is a difference between the bid price and the ask price for the trade.