Forex, or the foreign exchange market, is one of the most popular types of financial trading people engage in today and for good reason. Currencies are always gaining or losing value and the speculation in these gains and losses is an exciting and potentially lucrative field of investment. Financial expert and young entrepreneur Greg Secker used his understanding of Forex markets, as well as good connections with people in “the know” to become a successful trader and millionaire by the time he reached his early 20s. Smarts are part of how people have been able to do so well for themselves, but there is more to it than just being smart and having good strategy, you also have to know how to network.
Networking has been a buzzword in the business world for decades, and it is still a relevant and important part of whether you will be a success or failure in your efforts. Though much of the world has changed in the interceding decades since this term came into popular use, networking is still part and parcel of success in pretty much any aspect of business, but in trading like Greg Secker does, in particular. This is because in today’s world of ever-increasing complexity and ever-growing markets, it is impossible to know everything. Other people can help fill in your knowledge gaps and you theirs.
There are a number of virtual ways to network, such as with sites like LinkedIn, but as Greg Secker has proven, you still have to meet with people in the flesh to establish bonds and relationships and, ultimately, to achieve the greatest level of success possible. Personal interaction is underrated in today’s financial trading climate, but it can have a big impact.
Many successful investors will argue that there isn’t enough emphasis on the cultivation and maintenance of relationships with experts and colleagues within your field.
Simply being friendly with someone else in the field can help you expand your business network, make connections with people who you may want or need to work with in the future, as well as to build trust in yourself as an investor. Being friendly and affable can help make people want to recommend you as a financial guru or trading expert, as well as make them want to be of assistance to you when you need them. Greg Secker has become a trusted investor in part because of how widely he is known and how many successful investors run in his proverbial circles.
Many people, from Greg Secker to Jack Ma, the highly successful founder of the investment firm, Alibaba Group, note that much of their success can be attributed to the people the have in their inner circle. Basically, what networking allows you to do is find and utilize the smartest minds in the Forex trading industry and learn from them as much as possible, and integrating this into your overall strategy.
In today’s complex business world, networking will require a blend of in-person and online networking efforts that entail a different set of equally important skills.
An open mind is also an important element of business success and coupling this with networking is an excellent way to improve your trading skill and knowledge. There will always be people out there that are smarter, that have a unique perspective, a better understanding, or simply a better way of taking advantage of the trends of the market. Knowing these people can be a boon for you as a trader as they can help you to hone your skill and become a smarter, more savvy trader.
People like Greg Secker are also successful in their fields by way of being amiable people with genial personalities that know how to listen and are not afraid to give as much as they take. Networking is a two-way street and you have to be willing to share some of your connections to get connections, you have to be willing to listen to learn, and simply showing that you care creates a bond and rapport that is invaluable in any business.
Trading today, especially Forex trading, might seem like a kind of “lone wolf” type of career pursuit, but connections are just important to traders as it is in any other business. Nobody makes it on their own, no matter how hard they work. They need others, whether it is others’ connections, knowledge, capital, etc., and knowing how to network with the right people is the best way to have these things at your disposal. Good connections are a mutually beneficial relationship, which means that you also have to give as much as you get. Good networkers are those that know how to listen, are charming, and are also willing to help or pitch in whenever asked. These things will make you as invaluable to your network as they are to you.