Forex is the largest financial market in the world. Forex trading and the term “trading” have long been used in the banking sector. However, it originally denoted the process of buying and selling securities in order to make a profit. Forex trading has the same goals; only the currency acts as a product in this market. And the number of successful Forex traders Philippines has produced is increasing day by day
Like other operations of a commercial nature, the sale and purchase of foreign currency involve making a profit due to the difference in value in the purchase price and sale price. Forex trading is a process in which commercial and state banks, investment funds, and private individuals participate.
However, from time to time, new countries appear in the Forex industry. The Philippines is one of them and has an emerging status in the world of Forex. It has already become a minor hub for trading. Although there are some strict regulations and rules regarding trading in the state, people still manage to earn considerable income from Forex.
While talking about the top traders in the Philippines, we cannot neglect the determination and hard effort these people had to achieve success. Filipino Forex traders, even though, some of them lost some money in the beginning, never gave up. Considering the trading skills and unique willpower of the traders in Philippines, you have great opportunities to become successful in Forex trading if you come from the Philippines. Until you are done reading this article, you will have all the necessary equipment, information, and hopefully the motivation, as well, to penetrate the Forex market as a future prominent trader. Let us introduce you to the most notable traders in the Philippines.
Larry Collin
If you were to ask an ordinary Forex trader in the Philippines about the well-known figure in the country, the answer would be Larry Collin. He is undoubtedly the most prominent Forex trader in the country. Collin is only 24 and already managed to establish a company called Forex Trading Philippines, which is the hugest educational source for the country.
At a very early age, Larry Collin is a role model for every trader, not only in the Philippines but in the whole world as well. He conducts various seminars, organizes workshops to facilitate further the development of the Forex community in the country.
Starting trading at the age of 20, he quickly acquired the basics of Forex trading which led to becoming the top 5 Forex traders in the Philippines. After some time he became a Forex trainer. He talks a lot about personal financing, investing, and the opportunities of working from home. Besides being CEO and conducting seminars, Collin also works in the Founders as an Executive Virtual Assistant. He always emphasizes the need to train young Filipinos, so that they would not fall for Forex scams and traps, which are rampant in the industry.
In addition to trading, Larry is a very cheerful person, always willing to help others and share his professional experience with everyone interested in trading Forex Philippines.
Ahmad “Madi” Daji
With 5 years of experience in the Forex industry, Daji has already managed to become a full-time trader, coach, and mentor, with a few successes in entrepreneurship. He started to engage in trading at the age of 19 actively, however initially it was Binary options, and only after that, he started trading Forex.
Daji has one of the most interesting Filipino Forex traders’ success stories. When he turned 22, “Madi” established the company The Forex Samurai, the company, which provides education and services in the financial markets. Daji holds a diploma in finances, graduating from the academy in Dublin, and also attended classes in the academy based in New York.
Like Larry Collin, Daji conducts seminars, workshops, and pieces of training as well. In general, a good and experienced trader always looks for ways to share his knowledge with others. He likes to travel a lot, and we can recall one case, when he trained hundreds of clients and led them to earn constant profits in the industry, without anyone’s assistance.
“Madi” always looks forward to improving. He always analyzes the market and provides the public with relevant information. In addition, he is willing to help individuals, interested in becoming traders, coaches, and mentors in the financial industry. That is the reason why he is considered the top 10 Forex trader in the Philippines.
Ahmad Daji is an example of the best Filipino Forex trader who is loyal to his ideals and values. Having a profound knowledge and financial literacy in the Forex industry is a must for everyone, looking for success. He encourages everyone to expand the mindset, read as much information as possible to keep up with modern trends constantly. Besides, as the Forex industry evolves step by step, various scams arise, and it is essential to raise awareness so that people could tackle such threats.
Louis Teo
Market strategist, Forex trader, analyst – it is only a superficial list of activities Louis Teo is involved in. Being a prominent Marketing Strategist for Fullerton Markets, he conducts researchers, provides education for traders and investors worldwide. He specializes in assessing the economic trends, analyzing price changes as well as directions in the Forex market. Some of the experts even denote him as the best trader in Philippines.
At a very young age, Teo is already well-known in the Philippines for engaging with the LIVE audience to provide trading tips for thousands of clients, who strive to become the best Forex traders in the Philippines. In addition, he is also famous outside the country – in Malaysia, Singapore, and Vietnam, where he has made speeches at various Forex events, sharing his experience and trading methodology to others interested in fundamental concepts.
With the help of technical and fundamental analysis, Teo provides a market commentary on the economic and political events that considerably impact currency values. From the beginning of 2018, Teo has been actively involved in giving trade calls via Facebook LIVE, the feature, which triggers a strong activity.
Louis Teo is still very young and has an excellent career ahead of him. His example proves that being successful in one field can be beneficial in the other field and without hard effort and determination, it is difficult to have good results.
Marcello Arrambide
Marcello Arrambide is the CEO and Founder of the company called Day Trading Academy. He has been in the financial industry for over 18 years and specializes in sharing trading techniques for the past 10 years. Arrambide is one of the most successful Forex traders Philippines has ever witnessed in the Forex industry.
The story of Arrambide is an interesting one. When he started trading, Marcello took out a loan of $25,000, which he lost in just a month, purchasing products and software programs that were not needed. But this is also the case, where an individual identifies a mistake and does everything to fix it, not just giving up.
One of the key characteristics of Marcello Arrambide is his love for traveling. During his trading career, he has already managed to visit 140 countries and lived in 12. He also shares his trading experience on the Internet.
Being CEO of Day Trading Academy, as Arrambide declares, is not an easy task. It requires thorough planning, analysis, and a huge responsibility. The company that he established is aimed at providing a direct relationship with real traders. Marcello Arrambide, one of the top FX traders in the Philippines, is motivated to teach people how to trade Forex Philippines and how to become experts in day trading so that they could achieve freedom in their lives.
In addition, he offers a unique opportunity for students who successfully finish their program. They can be funded if they pass the test, which is without a doubt a fantastic opportunity for someone who wants to be involved in trading.
Marcello Arrambide is a person who has tremendous experience under his belt. Not only he is wealthy and has already made a fortune through Forex trading, but is also focused on providing education resources for young Filipino traders. The system which he offers to the customers and youngsters is unique and full of innovations. Recorded videos also play an important part in his teaching repertoire.
Celeste Rodriguez
And finally, we should move to the woman representative of the top traders in the Philippines, which in this case is Celeste Rodriguez. Generally, women are not actively involved in Forex trading, and if you check through the lists existing online, men take up most of them. But Celeste Rodriguez proved to be an exception.
Being famous in stock trading, Rodriguez established herself in Forex trading as well. She is a founder of Rooting For Celeste and co-founder of Ticker.ph. She specializes in coaching and trading psychology. Furthermore, She is also a member of the Zeefreaks Tribe.
Initially, Celeste Rodriguez was engaged in a completely different activity. She was a nurse with great experience. While going through the emotional cycles of investing, she understood what the market could do to one’s psychical capabilities. She read the information on the Internet about Forex trading, learned the basics, and set herself a goal to become a consistent trader.
Celeste Rodriguez is eagerly cooperating with foreign coaches on trading psychology to bring forward this segment to the Forex traders the Philippines has. When it comes to Forex, trading emotions and psychology play an enormous role. You cannot execute trades without a proper emotional mindset, and Rodriguez thinks it is a crucial part of trading.
Best brokers in action
While talking about the success of traders in the Philippines, we cannot avoid the fact that it would not be the same without decent forex brokers Philippines. What is important for successful trading: big capital or a reliable broker? Without a doubt, free finance will allow the player to experiment with investments. But an illegal dealer will deceive, take the money, and disappear. A company with experience, a high rating is ready to teach a beginner the basics of trading, allows you to use a demo account, gives bonuses. The main goal of the intermediary is to keep the client to earn his trust.
It is practically impossible to become the best Forex trader in the Philippines if you do not have enough support from brokers. The dealer manages the finances of traders according to their personal recommendations in order to make a profit. A Forex broker represents the interests of capital owners, conducts transactions, receives a specific commission for his work. In addition to organizing purchases and sales, dealers provide training and consulting services. And for Filipino traders having business with an honest broker is an utmost priority.
The Forex brokers Philippines are professional participants in foreign exchange transactions that trade in personal assets, using investor funds or for reimbursable agreements. They also provide relevant information and strategies about trading, how to act on the market. Specialists or individual companies work all the time. They have the necessary skills, experience, organize trade. The intermediary attracts traders, provides training, helps to open a deposit, replenishes it with cash.
Clients receive knowledge on thematic materials, webinars, and in separate forums. Such an attitude towards consumers allows us to form a regular customer base and stabilize the company’s turnover. A brokerage firm helps Forex successful traders in the Philippines conclude contracts with partners, offers users comfortable and understandable trading platforms, deposit replenishment systems, withdrawal of winnings. Large dealing centers are developing their own automatic assistants, which will allow the trader to reduce the time spent on the exchange, to trade using a robot.
In addition, intermediaries make a selection and publication of international news feeds, form a calendar of significant events in the world economy, politics, and sports. Leading analytical groups timely process the news summary and prepare detailed forecasts of changes in rates. On the official website of the company published tips, recommendations on trade. To optimize the trading process, the agent offers customers free indicators, advisers and analyzers. To test the strategy, to work out the tactics of the game, demo accounts are opened. For long and effective cooperation, traders receive gifts, bonus points, discounts on commission. To increase the amount of the traded asset, the broker provides the player with borrowed funds – leverage.
How to start your trading career
It is not always easy to find a highly qualified Forex broker on your own, since many of the brokers that are non-regulated and unlicensed can deceive you into trading with them, which might greatly damage your finances. We always teach that the regulation and reliability of the company should be the number one priority for all beginner traders. You should always conduct thorough research on the broker before you decide to entrust your financial funds to it. Most of the time, official reviews, the license, and recommendations would work just fine to determine whether the broker is credible or not. However, this time, we can make it easier for you and offer you one of our favorite international brokers who love working with clients from the Philippines.
XM Forex broker is a leading figure in the brokerage world of Forex and registering an account with them is indeed the top choice you can make as a future trader. We prepared a step-by-step guide for the registration at XM below:
- The official website of XM has all the necessary information for both the new and existing clients available. You can go through the website and explore the company further, their offers, and opportunities for the traders. Whenever you are ready to register a real account with the broker, find the “Open an Account” button on the home page and proceed with the application.
- The registration form is quite basic and the steps are relatively easy. All you have to do is to complete the boxes with information on your personal details. The only thing to bear in mind would be to fill in the legit data, as it will be double-checked later by the XM broker, in order to verify your identity. Also, do not write an incorrect email address, as it will not be allowed to use another email later and you will definitely need a valid address to receive the registration confirmation link on it.
- Choose the trading platform type according to your interests in trading. If you are already sure that Forex is what you will be trading at the platform, then go on and choose MetaTrader4 (MT4), otherwise, MT5 should be your primary choice. When deciding on what type of account you would like to open with XM, you should check on the account details, limitations, requirements, and advantages in further depths. Find the corresponding information on the firm’s website and proceed with your preferred account type.
- As we have mentioned before, check twice that your indicated personal data and address details are valid and can be verified by the legal documents. If your provided information matches the one displayed in the supporting documents, then nothing to worry and you can keep on going with the registration.
- Next, figure out what currency you would like to set as for the account base and start choosing the investor information. Here, all you have to do is indicate the approximate and estimated data, like how much you think you will be investing in your trading account, what is your total income and net worth. Selecting the employment and education status are required, as well.
- At last, XM would like to know about your trading experience. Select the statements that best describe your trading knowledge and set the account password, which you will be throughout your membership at XM. You can change the password any time using the email address that you have indicated in the previous steps.
- After you are done with the registration form and after you confirm the link received at your email address, you have to log in to the Members Area. Members Area is where you will need the verification of your data by uploading the legal documents that the website will automatically ask from you. This is the last step towards establishing a real trading account with your broker, meaning that you are ready to go with exploring what is it like to be a Forex trader.
What is the future of Forex trading in the Philippines?
Reading the Philippines Forex trader stories we can understand the hardship, these people undergo for success. The Philippines is the world’s 36th largest economy in terms of nominal GDP and one of the leading countries in Asia. If we look at the development history of the Philippines, we can notice how the country has evolved in the past years and become one of the proponents of the Forex industry.
The state shows no signs of slowing down, even though the rules are strict in the country. People and especially youngsters interested in trading are looking for ways to master trading to the maximum. It is no surprise because, with good intuition, determination, and knowledge, the possibility to earn money in the largest financial market is huge. From being a minor hub, the Philippines holds a vast potential to become a massive spot for Forex trading. And the abundance of Forex traders is proof of that.
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