The world is full of successful people garnering attention from everywhere. However, there exist only a few who dedicate their lives in propelling others towards success alongside as well. Market Masters Academy CEO, Ricky Andrade, is one of them.
Andrade grew up in a “ghetto” in the neighborhood of Los Angeles. He struggled during his initial education because of the unstable conditions at home. However, he found his way to Orange Coast College and studied Business Administration and Management. Andrade made the life-altering decision of quitting his job at 21 and went on to acquiring skills for Forex Trading while working in different affiliate companies.
His determination led him to harvest great outcomes as he was able to claim himself a millionaire at only 23 years. He now helps and mentors thousands of young individuals to realize their entrepreneurial dreams at his own academy, Market Masters Academy.
In addition to that, Andrade has also established a nonprofit organization called MotivPack (which stands for Motivational Backpacks) that provides young students backpacks full of essential resources and impetus to move forward. His expertise also encompasses stock and cryptocurrency trading. Andrade has received recognition from Forbes, ABC7, Nasdaq, Entrepreneur, TradingView, Yahoo! Finance, and many others.
At Market Masters Academy, Andrade spearheads a range of foreign exchange market mentoring services, trains entrepreneurs to achieve optimal profit growth and minimize their losses. He has honed pathways to build up portfolios and take advantage of an ever-evolving market situation. His comprehensive courses feature learning about: the functioning of Forex Markets, factors that influence them, their different analyses, how to buy and sell, etc. After the methodical training, the novices are well equipped with all the knowledge and prepared to hit the battlefield.
The Market Mastermind is another platform that Ricky has launched at his academy. It involves the organization of cordial events hosted at state-of-the-art locations. This provides a great opportunity for people to socialize as they venture into the world of Forex Trading. His academy is technology-friendly and also offers online audio-visual courses.
As far as Forex Trading is concerned, Andrade considers stop losses and limit orders as the primary component to diminish risk exposure. He reinforces to his students the importance of learning the influence of the bear and bull market, and how to attain optimal results in every scenario.
Another key element is grasping the concept of instant and pending orders and understanding their basic difference and use. Instant orders are Forex orders that are opened and immediately can be linked to buy or sell orders for any pair of currencies. Their initiation is based upon factors like bid prices and current ask. However to be consistently profitable, they require accurate timings. In cases of instant orders, he recommends stop losses or trailing stop as a means to contain risk as markets might shift more rapidly than the trader anticipates.
Pending orders, he explains, are used by traders who strategize by using complex patterns and initiating orders at specific times. They follow Forex signals alongside as well. Using platforms like MetaTrader 4 Platform, they instigate these orders much like instant ones. The difference, however, is that the additional requirements are dependent on how the trade is defined. A benefit of placing a pending order is the trader can modify or cancel it before its execution and incur zero account penalties.
As of current, Andrade has taken more than twenty-five thousand students under his wing and taught them how to master Forex Trading. If you wish to know more about his endeavors, you can follow him at @riskyricky on Instagram.