Instruct FX ANDREW MREANA Founder and CEO of Instruct FX
Q Why did you start InstructFX? I started InstructFX because I have a message to pass and from the employee position it was very difficult to do so. Also, after 10 years in the Financial Markets I realised that a lot of people need help now more than ever when it comes to online trading as the trust in the industry started to fade due to a very high number of fraudulent companies and changes in regulation. Many retail traders are misled in believing that they can realize tremendous profits over a very short period with little to no prior knowledge about the financial markets. Most retail traders are explained the basics and then abandoned if they cannot deposit more money for the broker to benefit in a way or another. Many traders are scammed by unregulated companies only because they don’t know what to ask for, when approached by sales agents. Through my Podcasts & Daily Streams I try to help people understand the basics of trading and all I want to do is pass the correct information to my viewers so everyone can make an informed decision when it comes to online trading and investments. Q What tips would you give entrepreneurs to go in on their own? If you thought that working for someone else is tiring, just wait until you run your own business. On the other hand, if you are good at what you do, if you have a dream, if you are determined to change your life and if your product could make a difference, take a deep breath and do it. It will be difficult, it will be tough, but the rewards are much more satisfying than any other job you might do for any employer for any amount of money. Q GC has always been critical of inhouse ‘trading gurus’, what makes you different?
Andrew Mreana Founder and CEO of Instruct FX
Yes, I know that :) I never claimed that I am a “trading guru’’. My experience in the Financial Markets is real and public, and my goal is to help people understand the hidden corners of the online trading industry and point them into the right direction so they can make an informed decision when they come across this type of investments. I never give investment advice or manage people’s funds. All I am doing is sharing the experience that I gathered in 10 years of hard work in the front line. I am also against ‘’trading gurus’’ that never worked in the industry. Learning to trade from someone that never worked in a forex firm or in the financial industry is like going to a hospital and asking a patient what is the best medicine for your condition. Would you do that? Probably not. There is much more to it than just explaining someone some basics of trading and how to read the charts. You have to provide the information in a regulated manner, highlighting both sides of the coin and not just highlight the potential profits. You can’t mislead the people in believing they can make a fortune over night without any prior knowledge about trading and this is what most ‘’trading gurus’’ are doing which is not just sad but also illegal. So, this being said, I think I am a bit different than most ‘’gurus’’. Q Do you find it hard to continuously generate content? To be honest, not really. I’ve learned so much about the industry in the past 10 years that I could generate content daily for the next 10 years and there is always something happing in the markets that gives me something to talk about. The problem is, passing that information to the average trader in such a way that it’s easy for them to comprehend and as fast as possible. Finding the time to organize everything can be quite challenging because there are many events and announcements that come
