Following on our discussion on “The Future of Jobs”, it is becoming clearer that the gig economy is the new order given the cultural changes that are being driven by the Covid-19 pandemic. A gig economy is basically a free market system in which temporary positions are common and companies hire independent workers for short-term commitments. The gig economy is growing rapidly in many countries and undermines the traditional economy of full-time workers who rarely change positions and focus on a lifetime career.
It is worth noting that at the core of the gig economy is the use of technology through app-based platforms. piggybankadvisor.com is a network that makes use of digital platforms to increase the participation of individuals, households and businesses in local and global investment markets. One interesting area that makes part of a growing gig economy is Online Trading and Investing.
Online Forex Trading represents an attractive money-making opportunity but requires an investment in knowledge as well as developing trading skills. In other words, Forex Trading is not a Get-Rich-Quick Scheme, it is a skill that takes time to learn. The mechanics of a trading forex are very similar to those found in other areas such as the stock market. The objective of forex trading is to exchange one currency for another in the expectation that the price will change. More specifically, that the currency you bought will increase in value compared to the one you sold.
Piggy has developed “WhatsApp Based FX Trading Groups”. The idea of using a social platform is to encourage collaboration and the sharing of investment tips and ideas. The following is an outline of the activities that participants go through in the classes;
- The first stage is to go through the IronFX Forex Trading E-book which introduces participants to the world of global markets trading. This will take approximately 3 to 5 days to complete. Below is the link to the E-Book;
- After going through the E-Book, the WhatsApp platform is opened up for questions and discussions on topics covered. This assists participants in grasping key concepts on forex trading.
- The IronFX E-Book recommends readers to Open a Demo Account so as to start familiarising themselves with the MT4 trading platform. Below is the link;
- The registration process enables beginners to download the MT4 platform onto their PCs or laptops. Tutorials on how to operate the platform have been put together and can be accessed here; https://piggybankadvisor.com/2020/05/29/metatrader-4-tutorials/
- The next stage involves registering and commencing the Babypips Course. Below are the instructions on how to register and commence the FX Trading Course;
- Participants will have the opportunity to have access to the Trading Coach via WhatsApp as they go through the course. The Babypips Course is comprehensive and covers all analysis tools that are useful for FX Trading.
- The final stage is Strategy Testing on Demo Accounts. At this stage, the Trading Coach will be sharing a strategy that involves event-driven trades. Participants need to practice using Demo Accounts until they understand the method and can comfortably execute objectively.
- Finally, once participants are satisfied with the strategy, they can open and fund live accounts and start trading. Here is the link;
In conclusion, the good news is this; “You can now set up your own business with just a laptop, smart phone and an internet connection”. Trading has many advantages over other businesses you might contemplate starting because of the following;
- You can trade from anywhere;
- You have no product to make, to advertise or to sell;
- You have nothing to store;
- You choose what you want to trade, when to trade it and in any amount you wish;
- You have no customers to keep happy;
- You have no employees to keep happy;
- You have no invoices to send out, no accounts payable and no accounts receivables;
- You can scale up or scale down the business at your discretion; and
- You alone are responsible for the success of your own business.
In simpler terms, you are using “brain-power” to make money for yourself! Set up or be part of an FX Trading Class by contacting the Trading Coach on +263 78 358 474
Listen to full podcast on “Piggy’s Free FX Trading Classes”: What is Piggy Saying?
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