Foreign exchange (forex trading), the buying, selling, or exchanging of currencies via a regulated market, is a popular financial activity with far-reaching impacts. Forex trading performs many important functions, such as facilitating international trades and economic situations, and providing a way for speculators to invest. If you’re involved in forex trading in the UK, for example, you’re positioned in a market that attracts people from all walks of life: entrepreneurs, people from both inside and outside of finance, and anyone who can, and does, trade forex. In Wales, a wide variety of people are involved in forex trading. These range from private hobby traders to professional account managers. This article explores how Welsh entrepreneurs utilise currency trading for different objectives.
Entrepreneurs trading forex
There’s an increasing population of Welsh entrepreneurs who trade forex as a business, and who have now established trading companies for subscription-based signals, account management, and forex training. Besides earning directly from trading forex, their businesses generate income depending on their marketing success.
Charlie Sogunro
Charlie Sogunro is one of the best examples of Welsh entrepreneurs building a business around forex trading. Sogunro started learning forex trading online using free resources on YouTube. Later he took paid courses and gradually developed his trading skills. Soon he was recording their trading successes, and increasing their initial portfolio over and over. Eventually he showed a few friends how to enter and exit trades, and then sent them trading signals. As they improved their trading and analysis skills, Sogunro moved to provide a subscription-based signal service. In time they established a trading company and academy, providing members with premium trading knowledge and assistance.
Sogunro now run a forex trading business and academy as an entrepreneur in Cardiff, South Wales. For him, forex trading has become a full-time job and career path.
Joshua Bunker
Joshua Bunker is a London-based forex entrepreneur with over a decade of forex trading experience. Bunker has been trading since 2007, and has gone on to build a forex business where he earns from trading and teaching others how to trade. In addition, he established the Guerrilla Trading academy in Cardiff, where he teaches forex trading to students worldwide. Bunker runs the academy with co-founder Dave Jason. Bunker and Jason have built the business to enviable heights, reaching thousands of students through free and premium training. While they offer training, Bunker and Jason still devote enough time to analysing the market and improving their knowledge.
Forex trading in Wales
Wales has several forex academies training residents and clients to become profitable traders. The forex market is the most popular financial market in Wales. Forex trading performs other functions, such as facilitating trade and serving as a side business. There are both part-time and professional traders based in Wales offering account management.
Welsh companies offering account management must receive approval and a licence to offer their services, which include account management, professional analysis, and investment advice. Clients who subscribe to the services are contracted according to financial regulations in Wales and the UK.
Currency trading also facilitates an important aspect of the Welsh economy: international business. Startups and companies in Wales utilise currency trading for international transactions, sending or receiving payments in foreign currencies. While the British pound begins its recovery, entrepreneurs in Wales leverage forex to keep their businesses going.
Learn forex trading in Wales
If you’re an entrepreneur or a hobby trader, learning to trade forex might be your best investment in 2022 and beyond. Current market situations may be ideal for traders to speculate on future GBP, USD, and euro prices. There are two main ways to learn forex in Wales: online via free and paid lessons, or offline at physical trading academies. You’ll find local entrepreneurs with forex academies in your local directories or online via business directories.
You can then go on to build your trading skills to become a forex trader exploring the market for yourself, or make a business out of it by starting your own trading company, academy, or signals service.
