Win Big/Lose Big

"Forex is for everyone, and not just the rich pas recently claimed ".

The assumption for many is that Forex is a market to “win big or lose big.”
However this is not true at all, Leverage allows you to make large profits from a relatively small
initial investment & proper risk management helps traders protect their downside.

The recent move by the BoN is one which seeks to mislead and oppress the youth looking for
ways to better their livelihoods. They want to keep us poor and will do anything in their power to
do so.

Leaders should relish and encourage positive growth in all forms. They should push for self
development and financial freedom on the part of the citizens. Why act as though Forex Trading
takes bread off your table and puts it on the table of another?
Please tell me why the most dominant Licensed online forex brokers have a minimum deposit
of $250 (N$3410.00) and not $120 000.00(N$1.6million) ?60% of retail traders never invested
millions but instead made millions from consistent small profits.
The requirements differ from being a retail trader to owning a brokerage firm.
Established retail traders never risk more than 3% of their capital per trade. Once individual
traders practice this rule, they can literally have their cake and eat it – be in a position to amplify
gains and limit losses.

Let's not be left out in this race, the whole world is moving foward with Forex especially retail
traders since banks and other bigger institutions have been trading ever since.

(Imagine if every Grd10 drop out, Grd12 and Graduates who are unemployed knew/ or gained
knowledge in Retailforex trading? Instead of these kids being home and blowing up their little
earned cash on unnecessary expenses. When will you guys tell us the truth? When will you guys
advice us to start buying stocks,bonds, cryptocurrency and investing in real estate? ).

By the way, BoN take an example from Revoltare a south african company owned by a
successful young retail trader namely Sandile Shezi who never invested N$1.6million to
become the youngest millionaire in South Africa today but instead he invested his school
fees(not sure of the exact figure but for sure it's not N$1.6million ), & his company focuses on
creating black wealth, black empowerment and mainly black ownership.
Are you guys aware that in 2016, it was reported that retail foreign exchange trading
represented 5.5% of the whole foreign exchange market ($282 billion in daily trading turnover).

This segment has developed with the advent of dedicated electronic trading platforms and the
internet, which allows individuals to access the global currency markets.

Retail forex trading has grown tremendously in the past decade. As the global economies
faltered in the wake of the Global Financial Crisis, interest rose in investment in the forex market
as people saw it as another avenue for portfolio diversification.

Today, traders are able to trade spot currencies with market makers on margin. This means they

need to put down only a small percentage of the trade size and can buy and sell currencies in
seconds.
Taking the high public interest of Forex trading into account, I believe that it is crucial to equip
and expose retail traders with proper education , based on 3 keys to profitable retail forex
trading

A. Strategies
Retail traders must have a proven set of rules to tell them when to enter, when to exit and when
to stay out of the market and not N$1.6 as stated.

B. Money Management
Retail traders must practice strict money management by controlling their risk for every single
trade. Great traders do not risk more than 3% of their capital per trade. This prevents them from
blowing up their capital in a short period of time when they experience a string of losses.

C. State Of Mind
Retail traders must be disciplined and not let emotions rule them when it comes to trading. In
order to do so, one of the most effective ways is to have a trading plan and follow it diligently.

Our economy has no way of reviving now,why? Because we are lacking ownership here in
Namibia.
Imagine of If every Namibian Is able to do spot currency trading?
How much Foreign Currency will be brought in what are the advantages?
Stop trying to let people invest their money in banks, and let them invest in forex.
A small consistent profit that brings in FE will contribute highly to our revenue.

None of all the boys that are well established traders in S.A today have invested millions to
become what they are today and registered themselves in order to obtain a licence which
doesn't guarantee profits....! That is totally the bank robbing our future from us, they want to
trade alone.
This small minded people in authority make me wonder if they know what they comment on or
it's just the power commenting.

Take time to research Forex trading, thus is the way forward, the money is there.
Not even an Authorised Dealer is Guaranteed profits, what guarantees you profits is the
knowledge but not the start up capital.

I am not deviating the BoN, but those requirements and licence are for Individuals that wants
to open up a brokerage firm were automatically you are no more a retail trader. We dont want
to open brokers, or invest that much money that however does not guarantee you a millionaire
lifestyle at all.
We have bigger problems to tackle in our country, not young enthusiastic individuals that wants
to trade forex.

Stop blind folding us, we are wide awake already. Please BoN, do us a favour and promote forex
instead and stop telling people to have a N$1.6million for investing because u can still blow it up
in a split seconds.
With all due respect, let's be honest with retail traders and create awareness among the us the
youth.
The youth might be 25% of the population now, but they are 100% our future so let's enlighten
each other on the way foward.

My name is Mcbright Musambani, forex trader, self-acceptance advocate, abstractor, Founder of

Black Empowerment & Black Ownership(BEBO).

Contact info:
Instagram: Mcbright Musambani
Twitter:Mcbright Musambani

Last modified: 22:21