SHARE
COPY LINK
PRESENTED BY LEARN TO TRADE

Why you should learn to trade (and just how easy it is)

It's 11am and Clive Arneil is done with work for the day.

Why you should learn to trade (and just how easy it is)
Clive Arneil, trading expert.

”Time for lunch!” he exclaims. ”And after that I'll probably go horseback-riding with my wife.”

In other words, it's just a normal day for Clive.

”I don't feel like I've been to work in 35 years,” he confesses. ”I just work a couple of hours each day, and when you love doing something, it isn't work.”

It may sound like the tale of a modern-day Gatsby – but Clive’s story is very real, and he's very devoted to helping others find the same success.

”Trading is a great opportunity to create an income, whether that is secondary or primary,” Clive explains. ”It’s exciting, and armed with the correct tools it can be very lucrative.”

Clive’s job is to give newcomers those tools. With 25 years of experience brokering deals on behalf of some of the world's largest banks, he's shown time and time again that he knows what he's doing.

”Hundreds of millions of dollars would pass through my hands daily,” he says. ”I retired from trading in the professional arena in 2004, and I have been trading privately and training people all over the world ever since.”

Clive is key speaker at Learn to Trade, a foreign exchange trade coaching company which offers free workshops and professional training. With upcoming workshops in Berlin, Frankfurt, Copenhagen, Oslo, Stockholm, Gothenburg and other European cities, Clive notes that trading is a great option for expats looking to earn an additional income.

”Frankly, expat or not it doesn't really matter where you live,” he says. ”That's the beauty of this market – it's a global marketplace and you can trade 24 hours, 5 days a week, whenever it suits you.”

But what are the risks?

”Well if you don't know what you're doing, the risks are quite big,” Clive admits. ”But if you do know what you're doing, there's not much risk at all.”

Clive doesn't believe in ”go big or go home”. You can go however small you want, he says – and still create significant returns on your investment.

”You don't have to risk a lot,” says Clive.

“Let’s say you have one thousand dollars in your account. You can trade properly and risk as little as just ten dollars. The worst that can happen is that you lose ten dollars,” he explains.

”If you know how to manage your risk and compound your returns it's almost impossible to lose your investment.”

They key is to learn from someone who knows how. Sure, you could read all the Google search results about Forex trading – but that can't compare to having an actual mentor, Clive says.

”It's like learning to swim,” he explains.

”You could read a book about it, and know exactly how you're supposed to wave your arms and kick your feet – but would you then go jump on your own into 15 feet of water? You can't replace the value of hands-on guidance.”

Driving, he says, is another good example. You don't have to know all the details of how a car actually works in order to be a good driver. What you do need is to be taught by a comptetent instructor.

”It's 80 percent confidence.  It's the same with trading. An active trader knows exactly what a newbie will go through, so they can guide them. Confidence is a characteristic everyone struggles with at some point, but it can be best achieved with a mentor. And confidence is a key factor of your success.”

And as for Clive – well, he's a trader for life.

”Trading is fun, lucrative, lifestyle changing and liberating,” he says. ”I just cannot see the day when I won't want to do it.”

Interested in a free two-hour workshop? Book online

Attend the seminar October 6th in Copenhagen

This article was produced by The Local and sponsored by Learn to Trade.

 

BUSINESS

German-British trade plummets as no-deal Brexit warnings intensify

Trade between Germany and the UK has shrunk significantly this year, new figures show, as experts warned against "massive tariffs" in the event of a no-deal Brexit.

German-British trade plummets as no-deal Brexit warnings intensify
Volkswagen vehicles getting ready for shipment from the port of Emden, Lower Saxony. Photo: DPA

As Boris Johnson was set to enter number 10 Downing Street on Wednesday, trade associations warned against a no-deal Brexit, saying it would result in “massive tariffs” and put relations between the UK and the EU on a similar level to that of North Korea.

It came as new figures revealed by the German Chamber of Industry and Commerce (DIHK) showed trade volume between Germany and the UK had shrunk again in 2019 – and that many German companies are looking to invest anywhere but the UK.

For all The Local Germany's Brexit coverage CLICK HERE

Firms from Germany exported goods worth around €35 billion to the UK from January to May this year – a decline of 2.3 percent compared to the previous year. And imports from Britain fell even more sharply – by 6.1 percent to €15 billion.

With a trade volume of €50 billion in the first five months of the year, the UK is currently only ranked seventh among Germany's most important trading partners. Figures show it’s been declining significantly over the last few years – in 2017 it was in fifth position and in 2018 the UK was ranked sixth.

Experts say the main reason for this is the continuing uncertainty surrounding Britain's withdrawal from the EU and future economic relations. 

DIHK President Eric Schweitzer and other representatives of the German economy have warned the future British Prime Minister Boris Johnson against a no-deal Brexit.

The former London mayor has promised to seek a new deal with the EU or leave without an agreement on October 31st, the current scheduled withdrawal date, in what would be a ‘no-deal' Brexit.

But the British parliament has rejected a withdrawal deal reached by outgoing PM Theresa May and the EU three times.

READ ALSO: 'Cocky troublemaker': What the German media makes of Boris Johnson

Boris Johnson outside number 10 on Tuesday. Photo: DPA

'Massive tariffs overnight'

The European trade association Business Europe has also warned against an unregulated Brexit. The consequence of a no-deal exit would be “massive tariffs overnight”, said the General Director of Business Europe, Markus Beyrer, to Funke Media Group newspapers.

Even if Johnson claims the opposite, he is mistaken, Beyrer said, adding: “Yes, there will be customs duties.”

Beyrer said without a withdrawal agreement, the UK would move from fully integrated EU country status to absolute non-status. “There is hardly a country in the world, perhaps apart from North Korea, that would have an even worse level of agreements with the EU,” he said.

READ ALSO: What complications do Brits face in obtaining German residency permits?

Business Europe is made up of trade associations from the EU states and some neighbouring countries. Germany's Industry association BDI and the employers' association BDA are members of the group.

'Still a chance to limit negative impact'

Yet even without the looming threat of a no-deal, Brexit has already become a burden for the German economy, Schweitzer of the German Chamber of Industry and Commerce said. A total of 70 percent of German companies with business in Britain expected trade to drop in 2019. 

Meanwhile, every eighth company with business there wants to shift its investments to other markets – above all to countries in the EU internal market. “

The new British government still has a chance to limit the negative impact of the Brexit on the economy on both sides of the channel,” said Schweitzer.

SHOW COMMENTS