Q&A interview with GCG Asia CEO and Founder Richard Alexandre
With all of the preconceptions and biases surrounding the Forex business, it may not be easy to get clear answers to the most often asked topics. What much cash should you begin with? Is it necessary to acquire a bachelor’s degree in economics to be successful? Or is FX just a game of chance?
Richard Alexandre, CEO, and Founder of GCG Asia, has been asked to respond to these concerns. Richard Alexandre has been trading for a long time and has firsthand knowledge of how his customers perform. Therefore he is the best person to question about trading issues.
So, Alexandre, how did you get started in the business? What were your motivations for getting into the Forex market?
When I was a student at an Asian university, I began trading. I enrolled in a portfolio management program with a buddy, and we chose to trade in bonds and stocks. I want to start my hand at Forex two yrs later. So, in all, I have been trading for eight years.
As for the causes, according to GCG Asia Latest News, Alexandre enjoys the fact that the Forex market is constantly open and accessible. It is thrilling to think that anything might happen late at night and alter the market position. He remains awake and concentrated as a result of this dynamic.
Were you initially dissatisfied? What challenges did you face?
GCG Asia Alexandre said, “The beginning is usually difficult: novice traders lose the majority of the time unless they are very fortunate.” “You only begin to be incredibly successful when you gain knowledge to watch and understand the market,” said Richard, CEO of GCG Asia. Since you need skills and, yes, the capacity to take a blow – every dealer loses at some time – he said.
Alexandre, a GCG Asia Forex Trading specialist, said, “The toughest aspect, in my perspective, is risk management.” You must determine how much you are willing to risk, honestly evaluate your options, and know when to exit the transaction. It’s sometimes preferable to close your holdings and reconsider the issue.
Do you believe anybody can trade?
In response, the founder of GCG Asia declared, It is entirely up to you and your personality type. I would not suggest forex trading to someone who is afraid of taking risks because “if you fear, you fail.”
Forex requires a level-headed individual who can make choices. “Dentists, in my experience, generally do well, and it is simple to explain.” GCG Asia Scam Alexandre explains, “They have acquired analytic capabilities, and they don’t hurry into starting situations.”
Do you believe that a trader's financial education is vital?
According to GCG Asia Malaysia CEO Richard, trading is all about observations and psychology, not academics. He said, “I learned economics, and I can assure you that dealing and holding an economics degree is not related.” indeed, some understanding of the fundamentals is beneficial, but knowledge without experience is useless.
Okay, now for the most often asked question. How much capital do you need to begin trading?
In the interview with GCG Asia News, Alexandre stated, “Realistically, I’d think $22 000 is a good amount to start 4-5 trades a day and have an effective campaign.” You may begin with as little as $900, but with such a low volume, you would open fewer trades at any one moment.
Who are the individuals that successful at trading, according to your experience as an account manager?
According to GCG Asia Forex Malaysia’s founder, those who understand the marketplace, headlines and acquire the appropriate volume can succeed. It’s a crucial issue that I constantly bring up while speaking with my clients.
Every day, create 5-6 profitable jobs, then shut your device and go out to eat. That concludes our discussion. “for trading, you needed to maintain a clear mind, sleep properly, and remain concentrated,” said Alexandre of GCG Asia Scam Malaysia.
Frequently I see my GCG Asia Cambodia customers get too enthusiastic and create 30-40 trades — it’s insane. You can’t manage that much works!
Lastly, how do you decide which goods to sell? Personal preference or numbers-crunching?
According to Malaysian GCG Asia Scam Richard, Every trader must have a portfolio of three to four items that he or she enjoys. And when I say “preferring,” I’m referring to the ability to exchange them. So it boils down to experience — knowing how a product acts, remembering patterns, and anticipating future market moves is simpler.
GCG Cambodia Richard Alexandre said that he exclusively trades three products: gold, USDCHF, and silver; however, if there is a big chance in other pairings, such as politics or another election, I may join the pattern.
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