The seminar which was attended by over 65 professional & novice traders as well as aspiring traders, covered a spectrum of trading topics, starting with the basics of understanding the FOREX (Foreign Currency Exchange) market to trading methodologies, predictive indicators and risk – reward management.
MTI, the world’s largest & oldest FOREX training institute with training centers worldwide, focuses on teaching traders technical analysis along with reading charts on their proprietary chart analysis software.
In the seminar, Ricard Mouton, Managing Director – MTI, Middle East, stressed the need for the trader to be educated. He mentioned the recent market crashes & noted that the educated traders were the ones who came through unscathed. “Knowledge is power and in the financial markets, knowledge is income – lack of knowledge is loss of income,” he said.
Neil Pereira, Manager Business Development of Middle East Region, who was the opening speaker at the seminar, gave a brief history about MTI, spoke about its 12 year FOREX training history and a brief about MTI’s Founder & President Jared Martinez.
“Jared Martinez’s passion for trading the FOREX market & mentoring other traders eventually lead to the founding of MTI in 1994. Today, 12 years later, MTI has 22 offices worldwide and has successfully trained over 15,000 traders. It is this passion for the FOREX along with his 20 plus years of trading expertise that has made MTI not just the oldest but also the world’s largest FOREX training institute,” he said.
‘Learning to read charts enables traders to read & successfully trade charts of any financial instruments like stocks, gold, oil, commodities etc,’ he added.
The seminar also covered managing risk in the markets, a few trading strategies, candle stick patterns and Fibonacci retracements & extensions amongst other topics.
Ricard Mouton closed the seminar by saying that due to the unexpectedly large turnout, MTI will hold similar seminars in the future, possibly on a monthly basis.
Thursday, May 25- 2006 @ 9:55 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.