Welcome to Black Men Taking Charge Blog, where we feature professional Black men from all over and from various backgrounds and discuss issues relating to Blacks in America.
These interviews will be conducted up to the release date of the book, Lessons Learned: Loving Yourself As A Black Woman by Tinisha Nicole Johnson. (January 2010) Learn more about this book and the author at her website: www.TinishaNicoleJohnson.com
I will be interviewing professional men and women from various backgrounds discussing who they are and the challenges they face, and any advice they have to offer.
Visit the Professional Women Making Moves Blog interviews by clicking here: http://blkprofessionalwomen.wordpress.com/
Today, I’m interviewing Charles A. Floyd, the CEO and President of FAPWINNER LLC. He runs and sustains a multi-million dollar international business organization involved in the FORFEX market.
TINISHA: I understand you are President and CEO of FAPWINNER LLC. Tell me about your company and briefly about your background.
CHARLES: I have been a student of the markets for over 26 years now. I have traded stocks, options, futures, commodities, currencies. I literally have done it all, so that gives me a larger and global perspective of the markets.Previously, I worked with Morgan Stanley Dean Witter.
FAPWINNER is an international trading community. We offer all everything that a trader would want or need. We offer:
*Expert advisors-each offering a different trading style.
*Classes on how to trade.
*Weekly market commentary
*Specific settings for our EAs
*Live trading of other EAs and trading systems, so people can see how it performs BEFORE they purchase.
*Daily and Weekly trading signals.
*Commentary by other Forex industry leaders such FAPTURBO Mike, Donna Forfex, and the legendary Jeff Wilde.
*A live Trading room where other traders can trade with me, taking the trades I take.
*Personal and group coaching.
Please visit the FAPWINNER site to learn more: www.fapwinner.com.
TINISHA: What tips or advice do you have for those who want to start trading?
CHARLES: Learn ONE system, trade ONE pair, and demo trade for a minimum of 3 months. If you can make money on demo. Also, don’t rush to trade with real money. The markets are not going anywhere. Take the time to get educated. Trading is a zero sum game- there is one winner and one loser. 95% of all new forex traders blow their accounts up within a few weeks because they have no idea what they are doing. Finally, don’t rely on so called EXPERT ADVISORS/ These are computer programs that buy and sell for you. It is mostly hype. It is almost impossible to turn $500.00 into millions in 30 days!
TINISHA: What type of trading are you referring to for those who know nothing about the industry or the basics?
CHARLES: There are many different types of trading styles. What most people hear about is scalping-that is where you open and close a trade within minutes hoping to get a profit. I teach you to be an all around trader-learning all the trading styles: Scalping, intra-day, position, and swing trading. Most people have day jobs, so they cannot sit in front of a computer. They must position trade. We have specific trading systems for people that have day jobs, where they can trade the markets after work.
TINISHA: Would you say the service and products you offer are for those who’d like to make some extra money on the side?
CHARLES: Well, I don’t like to use that terminology. Trading is not a sure thing, and should not be relied on as income unless you know what you are doing. It is quite possible to earn a second income, or even replace your current income, but it will not happen overnight. I guess the best way to put it, is to approach trading as a business. There are no assurances that your business will succeed. When I hear people talking about making a little extra money on the side, I want to tell them to go to Las Vegas. Would you open a new business just to make a little money on the side? Trading is serious, and must be approached seriously.
TINISHA: Where can people go to learn more about your services, membership, and getting started in trading?
CHARLES: The best place to go is to visit our website. www.fapwinner.com
TINISHA: I assume there are more men traders than women. Have you thought of ways to appeal your services to women?
CHARLES: More and more women are starting to catch on to trading, as more and more women are finding it hard to depend on a man. In the black community, women have always had to “fend” for themselves. This is a very exciting and virtually untapped demographic. I personally would be more than happy to personally mentor and train women to trade. Women are much more serious when it comes to men. Men can sometimes be a know it all, even if they know nothing, where a woman will grasp the concept and apply it-without the need for having their ego massaged. They are about the business-not who’s right or wrong.
TINISHA: What challenges do you face as a Black man? How do you overcome or get through those challenges?
CHARLES: One word. Credibility. I am under no disillusion that I must work twice as hard to be considered just as good. Racism is alive and well. Before the marketing department placed my photo on the site, there was no problem. Prospective members were happy, impressed and ready to join. When they saw that a black man was the President & CEO, the same person earlier that was praising the “perceived” Charles Floyd, now questioned the actual Charles Floyd by asking me, do you really know what you are doing? In some circles, it is hard to believe that a black man can successfully envision, develop, run, sustain and expand a multi-million dollar international business organization that is involved in the FOREX market. The truth is that FAPWINER is the leading FOREX training and trading organization in the world. We have an International presence and membership body and have millionaires as well as every day people as well.
TINISHA: What is your vision for your business?
CHARLES: In one word: Domination. My vision for FAPWINNER is to become the single most influential organization for FOREX Market trading and training. This requires us to stay close to the markets so that we can stay abreast of what the markets are doing, and what people need. This involves learning better educational methods, having the ability to communicate complex issues in an easily understood manner, and teaching and offering concepts that are easy to understand and apply. Simply put, my vision is to be the best FOREX teaching and trading community, period.
TINISHA: What advice do you have for young black men in high school and college from a business perspective?
CHARLES: Put down the ball, and pick up the book. Take business classes, including math, marketing, psychology, sociology, communications and speech. Learn to use computers and various business related applications, such as desk top publishing, excel and other business related applications. The best way to get ahead is to have a solid education. Employers want to know that you finished something. That is the real reason for getting an education. They don’t hire you primarily for the education, but certainly will not hire you if you don’t have one. Learn to speak proper grammar, and dress for success. Looking fly for the ladies is one thing, looking employable is another. Go outside of your comfort zone.
MORE ABOUT CHARLES
Charles A. Floyd, II, is the creator and founder of FAPWinner.com. Formerly, he was a portfolio manager with Morgan Stanley Dean Witter, where he traded stocks and commodities on the New York Stock Exchange (NYSE) . As a veteran trader with over 26 years of experience, Charles has also personally designed many expert advisors, including the famous hedging EA that serves as a trading companion to his own custom and optimized version of the Forex Autopilot EA. His objective upon entering this industry was to revolutionize the perception of the Forex market and to simplify it so that virtually anyone can begin trading. Known for his straightforward and relaxed approach towards learning how to trade Forex, he has successfully helped many traders worldwide increase their confidence, and expertise.
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