What differentiate C2Wealth Training from the rest?

Introduction

In the Forex industry there are many honest and many not so particularly honest persons

working. The same notion may be applied to the training provided in the industry.

Apart from the honesty and integrity factor, there is also the notion that every service provider

considers his or her service to be different from the pack. And again, the same may be said of

the training service providers in the Forex industry.

Being different from the rest of the pack does not implicate dishonesty. Each service provider

places different levels of emphasis on different items. This does not mean that a service

provider is wrong – the approach is different from the rest of the pack.

It is of critical importance to be able to define what is different in the service that is

being delivered. One cannot just claim to be different and therefore call the service to be of a

better quality and standard. The difference must define and presented to be able to offer the

potential a reasonable chance to make an informed decision.

C2Wealth is a training service provider and prides itself to be different from the rest of the

industry. We have been able to define our difference and is proud to present the reasons for

being different in this article.

The defined difference in presenting training to potential investors stand on two legs – firstly,

we recognize and accepts the fact that there is a difference between education on the one

hand and training on the other hand. Secondly, we recognize the fact that newcomers to the

industry need to find a business from which they potentially can make a profit and a sustainable

income from they may live.

Let us look at these two aspects separately:

Education versus Training

At C2Wealth we believe that there is a difference between education and training. This

difference is built into our programs, which have been developed with this difference in mind.

But what is difference between education and training?

C2Wealth see education as a process of systematic learning that develops a sense of judgement

and reasoning. Training implies the act of imparting a special or behaviour or skill to be utilized

on an operational level.

In this difference we recognize that education has a wider perspective and is comparatively

longer than training. Training on the other hand is the further enhancement of skills

development which improves performance and productivity in the current environment.

 

We therefore have a strong believe that class-room based interventions are more effective and

productive than technology based and self-study actions. The contact and exchange between

the learner and tutor cannot be fully replicated in a technology-based environment. We also

believe that that self-study is most of the time done in an unstructured manner, is time

consuming and with no feedback from a teacher is less effective. Over time, self-study will be

less cost effective than classroom-based interventions.

It is true that learners do not learn at the same speed in a classroom environment. A seasoned

tutor can, however, with the frame of reference of previous experiences make a big difference

and ensure that all learners receive equal interventions.

At C2Wealth we guard against being overly theoretical. Theory is acknowledged, but the

emphasis is on practical education. Learners need to open a demo account beforehand and

practice what is being taught on the demo accounts. Functionality is not the only aspect that

receives attention – we teach the wider picture and show what impact actions have on each

other. For instance, we teach learners the relationship between lot size, margin and equity and

how a change in the one will affect the other.

One the more serious problems we have identified in the Forex training industry is the fact that

there is tendency amongst certain training service providers to provide limited functional

training and mainly focus on teaching a specific strategy. In this lies a huge problem. In the

Forex industry there is no such thing as “one size fits all”. One strategy cannot deliver positive

results for all. Every trader must find his or her own niche and comfort zone. Traders does not

react the same to the various technical indicators. Trader personalities differ and trading styles

differ. Certain strategies require the trader to be on the trading platform constantly with no

room for free time. C2 Wealth aim to avoid this environment and teach learners to become

skilled in all trading functionalities and independently arrive at their own trading strategy.

There are various training programs available after completing the initial foundation training

course. These training interventions are aimed the further enhancement of the skills acquired

during the foundation education phase. The focus is on practical and specialized skills and can

thus, be training and not education.

We are satisfied that after completing our initial 3 day Forex Foundation course, the new trader

will be able to independently make a judgement call to enter into a transaction after careful

analysis of the market to identify entry and exit points and practice sound risk and money

management.

Forex Business Approach

The new trader must realize and understand from the outset that Forex trading is not a “get-

rich-quickly” scheme. Unfortunately, many new traders fall for the trap of cheap propaganda

on the web or by other media that Forex trading holds the magical key to untold riches in an

easy manner. Nothing can be further from the truth. Treating Forex trading like a trip to the casino will end in the same manner – all money will be lost. Traders should be calm and

calculating with a goal of making profit. Not hoping for that one “lucky draw” that will bring the

riches.

At C2Wealth we educate learners the entrepreneurial aspect of trading. Trading, like any other

type of business has associated costs. The trader must aim to bring in more revenue with

winning trades than funds going out with costs. When costs get out of control, money will be

lost and the Forex business will go under.

What are then associated costs of trading? Here is an illustrative list:

  • Losing trades
  • Broker spreads and commissions
  • Trade roll-over and swaps
  • Computer hardware
  • Internet costs
  • Other office equipment

Of the six items listed above, the first one, namely losing trades, has the single biggest influence

and has the possibility to totally wipe out the account.

Losing trades is a fact of life in the Forex trading business and traders must learn to accept

losses and learn from it. The approach at C2Wealth is to educate traders to combat and restrict

losing trades by means of the following:

  • Have a well-documented trading strategy and stick to the strategy
  • Develop from the trading strategy a trading plan and treat the plan as the Forex Business Plan
  • Be the eternal student with an unquenchable appetite for learning
  • Stop the search for the trading “Holy Grail” – it does not exist
  • Be careful and mindful of the tips and good intentions of the “trading experts”
  • Invest in yourself and not trading bots

The foundation education also stresses the importance of risk and reward. The risk and reward

strategy that we teach emphasize a focus on more winning trades significantly larger than the

losing trades. With a risk to reward ratio of 1:2 a winning streak of 35% – 40% will make a

decent profit. This is more achievable than trying for a high percentage of 70% – 80% of the

time with a lower risk to reward percentage.

In the foundation training time is spend on calculations required to better understand where

profit and loss will occur. Learners are taught the calculation of pip values, broker spreads, lot

sizes, margin, equity, free margin and margin percentage. Classroom exercises and homework is

given to ensure an understanding of what make up the profit or loss of a trade. We are of the

opinion that merely showing on-line calculators for this important function is not efficient.

 

Types of trader also has an influence on trading costs. Scalpers and day traders normally close

their trades before end of day. Swing traders and position traders hold their positions open for

much longer periods – days, weeks and even months. The latter type of trading also incurs

costs, namely roll-over and swaps. These items are the cost that arises in the form of interest

between different banks from different countries (not central banks). Depending on the

interest differential between banks the trader must either pay interest or receive interest.

C2Wealth ensure through foundation education that the trader is aware of these facts for

interest can become a major cost element.

Trader expectation also need to be managed. C2Wealth provide ample examples of prudent

funding of accounts. An expectation to earn a R1 000,00 per month from a R100,00 account will

not be met. With prudent funding comes the importance of correct lot sizes, type of currency

pair to be traded (spread costs) and the use of risk management items.

Forex trading is not an easy scheme, but requires hard work, dedication and discipline. Forex

trading must be treated as a business and not like a casino game. Trading skills are honed when

operational trading is consistent with a documented trading plan and losing trades are seen as

learning opportunities.

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Forex Trading Advantages

FREEDOM

Forex traders normally conduct business at whatever time is convenient for them- this
translates to freedom from normal office hours. Forex traders can operate at any time they
wish. As expected, this attracts people from different time zones, lifestyles, and experience
levels. If you have an internet connection, then you can trade from anywhere in the world.


STABILITY IN PROFITS

Since your trading involves only a currency pair and not multiple combinations of markets and
trends, the opportunity for profit is always there. There is no bulldog watching of rising or
falling of markets, goods and industries. Profits can be achieved whether the market is bullish
or bearish for one currency against the other. What matters is the direction of the trade in the
right currency pair.

ENDLESS ACTIVITY

The forex market is open 24 hours on weekdays as it is a worldwide market. If compared to
other markets that function at certain hours and days, the forex market dwarfs’ other markets
in terms of activity and opportunities in the week. Investors can exploit trends and setups that
happen within the week, anytime.

LOWER COSTS

Due to the highly liquid nature of the forex market and to the technology involved in
transacting the trades, you have one of the most important features that attracts traders to
forex- the lower trading costs. You can forget about the accustomed costs that take away from
your bottom line and focus solely on the spreads. Furthermore, spreads paid as commissions to
the brokers in the forex market are normally smaller than those other markets. This can only
translate to better profits.

TRANSPARENCY

Due to the electronic nature of the transactions, analyzing and managing assets is highly
efficient and easier than it used to be. All information is accessed through the platform from
the computer. Deals are executed as you see them and as they fit your strategy. This gives you
a better feel of the market cycle, making your decisions easier and your predictions more
accurate on every trade.

LEVERAGE

Unlike other markets where leverages are small, forex trading allows for higher levels of
leverage, providing the opportunity to trade to up to a hundred times the assets in your
account. Forex brokers can allow a lot of leverage depending on the type of account. Naturally,
this can also convert into higher risk if you don’t know what you’re doing, thus, the importance
of learning to trade forex the right way. Risk management is very important to protect your
account from highly leveraged losses. It is very important to learn to trade forex the right way
from the start to avoid potential losses.

ABUNDANT OPPORTUNITIES

Forex trading is considered the perfect free market for logical reasons. All traders are given an
equal playing field. Even when one currency is falling, by definition, this just means that there is
another currency rising against the one that is falling and opportunity for profit exists. An
unlimited earning potential, the stability, the freedom, and the even opportunity are the main
reasons why you should learn to trade forex and what makes the foreign exchange market an
exciting opportunity for anyone.

 

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