So we are fortunate to interview Zimbabwe Business Ideas and Network Online Forex Trading CEO-Ryan Gambinga. He administers Zimbabwe’s best known Online Forex Trading Group. We are fortunate to benefit from his numerous researches and free online forex trading resources that he freely shares with members. Below are a couple of interview questions that I posed to him. Feel free to post additional questions and he will be free to answer you.
Briefly tell our readers about yourself how did you end up Trading Online Forex?
Ryan Gambinga is my name, am married to Nokuthula blessed with a son called Bryan Zodzoyashe. I am a Pos Systems Administrator by profession and founder of Zodzo Global and ICT Company. My friend Malvin Mombe first told me about forex trading but I never took the issue seriously but that was his source of income after losing his job as the company he worked for liquidated. After that discussion with Malvin I started researching and reading about Online Forex Trading. As a member of ZBIN fb group it helped me to become much interested when we had discussions in the fb group.
Is Online Forex Trading the same as ‘Road Port High Rate?’
It’s partially the same but to a certain extent. Thus you buy one currency whilst disposing the other. For example USD/ZAR you either buy USD in exchange for ZAR or Vice Versa
The difference comes in terms of the way transactions are done. The road port guys they don’t use actual market rates. Whilst in online Forex trading rates are constantly changing every second they are not stagnant. Whilst at Road port they can spend the whole week with a rate pegged at the same value.
There are a lot of fundamentals that affects Online forex market which are not even felt at the Road Port market e.g. the recent USA elections.
How long have you been trading? Have you made any profit from trading?
I have been trading for 8 Months now and yes I have made profits from trading and withdrawals.
Have you made losses trading online forex?
-Yes losses are part of Online forex trading even Guru’s make losses the only important thing in forex trading is to be consistent.
Who is your mentor in the online forex trading field?
I look up to a lot of people as I want to be imparted with different types of skills and styles in trading , but these two have direct impact on my trading style thus Clay Mathews and Sakhile Mcambi.
What are the requirements for one to trade?
-Internet Connection
-Computer, tablet or Smart Phone
-proof of Identification e.g. ID and Proof of resident (For broker account Opening)
-minimum of 5usd to open a live account
– Demo Account is free
-There is no Educational Qualification Required hahaha hapana zvema 5 O level including maths apa
Tips for first time traders
1.Demo- Demo -Demo -Demo Trading until you have perfectly horned your skill and style.
2.Be a Demo King first before you go live.
3.Do not be Greedy. Greediness will be your biggest enemy you will never be a millionaire overnight
4.Don’t have gamblers mentality
5.Do not rush to go Live
6.Do not register with just any broker. Register with a well known regulated broker.
7.To Achieve Success you need to have consistency. Consistency = Success
8.To achieve Consistency you need to have patience and discipline
9.Discipline + Patience=Consistency – ->Success
10.Give Yourself Time to Learn
11. Set yourself realistic targets
Tell us about fraudsters in the online forex trading field
This industry is loaded with big time fraudsters. One has to be careful not to subscribe to everything they find online. You should never want to make this a get rich quick scheme. This is a process you have to be patient don’t be hoodwinked by promises of high monthly or weekly returns. No one can predict that tomorrow they are going to be profitable. They can lose money by gambling your investments because trading is affected by a lot of things e.g war natural disasters such as earthquakes and other fundamentals like news. So if one of those happens eg an earthquake hits SA the ZAR can lose value and your investor might have bought ZAR thus the trade can be lost.
Also there are a lot of fake robots and expert advisor systems which are sold online which can make you lose all your investments after being promised crazy returns.
Also fake Guru’s who promises you heaven on earth like they will spin 50usd to 10000usd in 30 days. Some earn money from affiliate programs with certain brokers thus they earn when you lose. When you lose they make money same also applies to certain brokers who operate dealing desks.
Ask for a track record on myfxbook or fxjunction that shows you the verified trading results of the person you want to deal with.
The best advices I can give are investing in you through education which is free and learn to trade for yourself.
Be warned and not be scammed I emphasize on learning to trade for yourself.
Also use regulated broker there are a lot of fake manipulating brokers.
Are the numbers doing forex trading increasing?
Yes the numbers are increasing but most think it’s a pyramid scheme where you can be a multi millionaire over night. Thus why statistics says 95% of retail traders lose money and fail. Most People join with a wrong mind set.
How is the experience leading ZBIN Online Forex Group?
It’s great interacting with people from different backgrounds and of different levels of knowledge as far as forex trading is concerned. We are a big family and people are really benefitting. I believe we are going to see great forex trader being unleashed from the group. I believe in 2 years time will have our own Ref Wayne or Sandile Shezi from ZBIN. Leading the Group has pushed me into researching and studying more so that I won’t be found wanting. It’s helping me to grow as a trader and I really enjoying being pushed that way as it helps me personally to be a successful and consistent trader.
Where do you get the material that you share with members?
Most of the stuff I get them online. Some for free and other important materials I purchase so that I can share. Google, you tube and from my mentors
Mobve kumusha kupi?
Ndinobva Wedza paChisasike apo tichangobva paGoto uko kune St Annes Goto high School
2017 Plans for ZBIN Forex Group
Our vision is to start offering free beginners classes by midyear of 2017.
Teaching our young people how to trade online forex.
Hold forex trading seminars in all the towns of Zimbabwe and emancipate the people from poverty.
Advice to people interested in online forex trading?
Don’t be afraid to start this journey, its something that can unshackle you from poverty, you just need the right set of mindset and not take this as gambling but as a business. Don’t be afraid of failure but concentrate on being a success by continuously studying.
Do not hesitate join our whatsapp group and telegram channel we are there to help you jump start into the life of forex trading. It’s a challenging but exciting journey one has to embark on which just needs dedication and perseverance. Otherwise success is there. If you put your heart and mind on it I promise you Success will become your middle name.
We are free to answer to all your questions and we welcome all you contributions also for FREE Online Forex trading tips and ideas you can read on our forex blog https://zimfxc.wordpress.com
That’s great stuff you’re doing.
great staff
Awesome stuff and a very good vision, the initiative to establish free beginner lessons could benefit the economy and the people. This is indeed commendable!!!!
Ryan has assisted me in forex trading. Ethical individual who tells the truth about forex trading. We can all learn a lot from him.
Thanks a lot for the feedback