Abhijit is a full time professional forex trader, fund manager and analyst. Notably, he is the founder and CEO of Reliable Solutions Limited, Hong Kong which provides solutions for strategy management, research, international portfolio management and analysis to investors and traders around the globe. His company also provides education to the trades around the globe. Reliable Solutions Limited has its own brokerage platform specially dedicated to fund management and education. This is the first unique brokerage that deals with the interest in customers only.
How did you become involved in Forex and Reliable Solutions?
It’s a nice question. Actually I always love challenges. Around 7 years ago, while surfing on Internet I saw some ads about forex trading claiming extraordinary returns and potential of forex market. Then I started searching for more detailed information about forex market and realized that the only 5% traders successfully trade forex. This thing challenged me to get involved into this market and then after I started studying it thoroughly. Obviously the high profit potential was also the attraction point but very soon I realized that in this market as 95% traders fails to succeed but at the same time 95% companies misguides the traders. This is where I thought to form a company that will do a deep research about forex trading & its various aspects. Another important aim behind forming Reliable Solutions Ltd was to educate traders honestly on the basis of our extensive research and to help investors by generating consistent profits for them.
Could you walk us through the process of starting up as a Forex Trader?
Actually starting up as a forex trader is not a big thing. Because there are many online sources available that helps you to understand forex from the basics. The most important thing is when you start forex trading, how you survive in the market. At the start of the trading career if someone really controls the greed then rest of the things are very easy. I always say, starting forex trading and learning its aspects is not a rocket science but the important thing is how long one can stick up to basics and control the greed.
How have you been developing Reliable Solutions?
As I mentioned above, Reliable Solutions Ltd is formed to do the research, share education and help investors by generating consistent profits for them. As I am in this industry since 7+ years, I always feel that the willingness to share pure knowledge is somehow missing. My company is trying to develop the things that will help traders to get proper trading education in a most transparent and unique way. Also, innovation and integrity will be our top priority in order to provide services to our investors as well. I bet, in coming years, Reliable Solutions Ltd will be the first choice for traders who wants to learn forex honestly and for investors who wants to invest their hard earned money safely.
Did you find anything particularly difficult during the initial stages of breaking into the industry?
There are many companies manipulating, misguiding newbie traders by offering some unrealistic things. At the initial stage this may be a big difficulty because without a proper knowledge it is hard to judge the reliability of a company/broker/product. Fortunately I successfully overcome it by showing a great patience and by controlling the greed. My focus was to gain pure knowledge and to test it in a real time. I always believed, ‘if you focus on gaining pure knowledge then money will automatically follow you.’
What is one strategy that you believe has helped grow your business?
High level of integrity and not compromising with the quality are the 2 things that helped me a lot to attain success in forex trading business.
How do you find the industry that you are in?
I love forex. Forex is the only industry in the world where everything can be gained if worked with a dedication. I always say, Forex is the ocean of unlimited knowledge, unlimited opportunities and unlimited profit making.
Have you developed any industry insights that you could share?
To be frank, there is no specific insight one can develop for this industry as it gives you difference experience on each new day. To survive and to succeed, one must trust the system that suits him/her and follow it.
How have you managed to stay relevant in this dynamic industry?
In today’s ‘e-world’, staying relevant is not a big task if willingness to adopt and absorb new technology is there. But of course the foundation must be strong and pure. In our case, we can proudly say that we are standing on a very strong foundation of pure knowledge that is helping us to grow consistently despite of a healthy competition.
What is your approach to personal development?
I would like to answer this question by relating it to forex again. If a forex trader is really dedicated for trading then he automatically learns to keep patience in tough market situations, he learns to manage risk properly and he learns to study things thoroughly. In my opinion these 3 qualities can be helpful in personal development as well. With these qualities, any person may win in any situation. Whether it is a forex or a life, analyzing the reason of loss or mistake is good but analyzing the reason of profit is equally important. It helps us to do better and better every time.
If you could start all over again, would you change anything about your approach?
I am happy, confident and satisfied with my current approach. But yes, hunger for perfection and knowledge will never end.
What do you think about startups in Asia?
Combination of hard work and brilliancy can be found in Asia very easily. But startups need to show little patience so anybody may able to reach their targets without fail.
What is one market trend that really excites you?
I feel comfortable with any kind of market trend as long as profit making opportunities are there.
What is one habit that makes you more productive?
Hunger to gain maximum knowledge and to achieve maximum perfection.
Why did you decide to become a Forex Trader?
I love challenges and I found forex market somehow challenging.
What do you think are the most important things entrepreneurs should keep in mind?
They should not lose faith/trust in themselves and in their ideas.
In your opinion, what are the keys to entrepreneurial success?
If entrepreneur adopts these qualities then no one can stop him/her from achieving desired success – Smart Work, Hard Work, Patience, Open Mind, Consistency, Self Confidence, Self Trust and Humbleness.
Any parting words of wisdom for entrepreneurs out there?
Here I would like to mention the same thing that I always like to share with all – ‘Never give up. Stick to the basics and plan the things properly keeping in mind that you are never going to give up in future. To this kind of planning, I call ‘Risk Management’.
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