By Kelechi Esogwa-Amadi
A market that commands a whooping five trillion, four hundred billion ($5,400, 000,000,000)) dollars daily, no doubt, has the capacity to change the lives of youths if only they know how to key into it.
This is the view of the Chief Executive Officer/Managing Director of MBA Forex Institute, Maxwell Odum, a young Port Harcourt-based forex expert.
Delivering a lecture in Port Harcourt, Maxwell Odum revealed that youths could achieve financial freedom through foreign exchange if they are taught how to trade in it. Explaining further, he said that foreign exchange was a global market that had existed for years but controlled by the World Bank, noting that the market was all about buying and selling of the various world currencies based on their changing rates at any given time.
Maxwell Odum, who said he learnt how to trade in forex while abroad, revealed that he has achieved financial freedom through it hence his decision to spread the knowledge here in Rivers State to help his people, as a result of which he started the MBA Forex Institute.
He said to impart forex knowledge to his people, he had given scholarship to youths of the state, some of who he said were now doing well financially.
The MBA Forex Institute boss, who spoke on: Forex: The Alternative To Financial Freedom, at an event held in Port Harcourt by the Ogbakor Ikwerre Youth Council of Nigeria, noted that his institute was the first forex regulated company in West Africa.
Speaking with newsmen shortly after the lecture, Maxwell Odum said that Forex was the largest financial market controlled by the World Bank today. He said through his company, which he said was registered by the Corporate Affairs Commission (CAC), he and his team were changing the narratives, as they had gained financial freedom while also helping others to achieve same.
Debunking claims in some quarters that Forex trading is unreliable and very complex, the Forex expert, who recently won an award for his philanthropic gestures, said: “Nobody learns forex in one week or one month. That is why people need to come for training where we train and monitor them for months before they become perfect and start trading on their own. When people come here and organize seminars for three days, it will not be enough to impart the knowledge, and when those people try it and fail, they say that forex is 419. Forex is real. It’s a 24-hour market where you trade at your convenience.”