"Perseverance is an essential trait of a trader's character. Resisting is not just an expression of encouragement. When we commit ourselves to trading with perseverance, we strengthen our will to act intelligently in challenging situations. We persist until we obtain the market segment that corresponds to us, this is our prey ”…
Under this slogan was born the Venezuelan Trading Academy located in Caracas-Venezuela, "Lions Trading", a space that offers face-to-face trading courses for both beginners and advanced.
Crypto report I talk with its founder Jacobo A. León, who informed us what services they offer, in addition to providing us with tools and advice to optimize this profession.
Jacobo A. León is an economist and has 5 years of experience in financial markets trading and working with his father Jacobo M. León, who has 10 years of experience in technical analysis and operates daily on the DJI 30 with CFDs trading.
What is Lions Trading and what services does it offer?
LionTading is a Venezuelan trading academy, which seeks to teach investment and trading theory, strategies and tools for individuals or small companies, and is divided into two areas of study – technical and fundamental.
The training lasts 4 months with 64 hours between theory and practice and the price is based on the level, $ 200 and $ 250 respectively, this includes access to the community and family of Lions, together with accompaniment when starting.
Our slogan is "put the market in your favor", the idea is to learn to manage the markets to invest, trade or as a tool for your life, so that you can generate income (even passive) through financial alternatives.
As Charlie Munger, vice president of Berkshire Hathaway and with a fortune valued at $ 1.9 billion, says:
“If you don't keep learning, other people will overtake you. Your ability alone will not do it, you have to stay curious constantly and for a long time. "
- What community is it aimed at?
The main motivation of our venture was (and will always be) to learn and train people about the financial environment.
Anyone with the intention of learning about investments and trading is welcome in our rooms, where the interaction of ideas, knowledge, curiosity and effort is imperative.
The person who comes to us must have a genuine interest in knowledge about investments and trading, because we all want to earn more money, it is a general rule of finance, so only the interest of generating more and greater income will not be enough , Our method requires study, in this way the results in our community are successful.
Lions are not just targeting a community, they are looking to create one.
In this way, being part of our rooms and events not only implies learning, it also involves experiences and interaction with people of the same interest.
We seek to be an open door to listen and be heard, to teach and learn. Our community is made up of women, men, adolescents, adults and seniors, the most important thing is to want to learn and be part.
- How would you define the concept of trading?
Like most of the theoretical aspects of this financial world, defining the concepts is quite simple.
Trading is the commercialization of financial assets, but what are financial assets? Why do we trade them if trading is supposed to be tied to investing?
Trading encompasses a bit more than just trading if we speak in the practical sense.
There is a set of tools, strategies and systems that end up generating a trading plan. The consistent, methodical and critical execution of said plan ends up resulting in investment if it is carried out with an established capital, growth goals and parameters of assumed risk.
Now, what we use to market are financial assets (capital goods that -produce or can produce money- with direct monetary value), which vary in price in the markets according to the interest of supply and demand, which can allow profit from the spread (price movement) in the purchase and sale of said assets.
This folks, is trading … anyone who tells you otherwise or that it is just easy money, is lying to you, turn around and go your way.
- What aspects should be taken into account to be a good trader?
The "recipe" to be a good trader is written, it is not hidden nor will it be discovered by means of indisputably successful indicators, systems or robots (they are always highly debatable or doubtful).
Trading does not escape from being an activity or job, extremely fascinating in my opinion, with advantages of time, space and decision, but like any other, it requires focus, order and commitment. I even dare to say that it is a work of freedoms, where success will come according to your good handling of them. If you have a good balance between study, discipline, practice and time, the results are going to come sooner or later, almost indisputably. The problem, for a large number of people, is that they do not learn to handle this and end up experiencing a profound failure.
Do you want the key to being a good trader? Education, perseverance, practice, discipline, time and, as a result, success.
- In simple terms, how do you define technical and fundamental analysis?
We are talking about the 2 most applied approaches for the analysis of situations that occur in the market. One refers to price variation factors and studies how their development has been in a specific study time. The price of the asset assumes the psychology, events and information behind the asset that we are going to operate, for this we have natural tools of technical analysis, such as Chartism or price action, indicators, oscillators, interpretative, among others. From the interpretation of the price with these tools, a strategy is made to be able to estimate or project its direction in the short term (due to its functionality).
On the other hand, fundamental analysis refers to the study of the asset in which we want to invest by itself, that is, its reasons for being and existing, its economic, financial and even political implications. It requires a study of the context in which the asset is developed and its future projections based on the fundamentals that comprise it.
In other words, technical analysis analyzes the past variation of the price of an asset to look for patterns and when locating them, project its development in the future. While the fundamental analysis seeks to understand the asset according to its fundamentals to be able to estimate what its future development may be, mainly in the medium or long term. I put a very easy to understand graph that I drew when I was beginning to learn about this world of investments, and that helped me to evaluate in a more graphic way (everything in investments are graphs and different types of reading) how functional these are approaches in time.
The complete blue square area in the short, medium and long term refers to the complete functionality, as you can see it is divided into triangles and quadrilaterals. This division comes because the nature of the approach makes the practical application differ in time, that is, the technical analysis is more functional in the short term, this is represented by a larger blue area in the first square, compared to the small triangle of fundamental analysis.
Lions' approach is to try to take advantage of the whole square, teaching necessary tools in both approaches, we cannot leave such valuable information out.
- Do you consider that in Venezuela there are limitations to do trading?
If we had to compare Venezuela with other countries where this activity is carried out normally, then I would say yes. However, limitations are a natural part of entrepreneurship and learning, as we will always find limitations. If it is good to highlight that, due to the current economic situation, for the average Venezuelan, complications of capital and internet or electricity services may arise.
Now, this does not imply that it cannot, at all. There are enough markets and applications to make trading and investments a functional activity in Venezuela. There is the same Venezuelan market, even with a new alternative -the Decentralized Stock Exchange of Venezuela- or with the traditional Caracas Stock Exchange, where the trading amounts are accessible to any Venezuelan (average or not), and which are also a good alternative as a first experience in the markets and long-term investment.
In addition to the national ones, there is the cryptocurrency market, very popular today, FOREX (complicated but functional) and you can also aspire to the American stock market with some limitations.
7. What advice would you give to people who want to start in the world of trading?
Specifying the advice I would say that:
Ask yourself: Do I plan to do this activity that I am learning in the long term (next 5 or 8 years), even as a hobby? There is no point in undertaking an activity if you do not have plans to grow and improve in it. If you have the plan to move forward, you may make it profitable. Be careful, this really applies to any activity.
Learn as much as you can (you are welcome in our courses), never stop learning and always stay informed. This also applies to any activity, but for trading and investments it is essential, because the market is changing … you better be aware so that your trade and your invested money generate profits.
There are no shortcuts, greed is your enemy. Emotions in general, in the world of finance, end up resulting in losses, rational thinking is the victor. It is good never to make decisions with too much hope or fear about the future of your money.
Develop a method, a system, and a plan. If “A” happens (phenomenon studied) then I do “B”, if it doesn't happen, I don't have to risk, or I will have another plan stipulated for situation “B”.
Manage your capital well, the unalterable order of the growth process in the investment world is: a. Ensure consistency: More positive than negative trades and positive bottom line, even for very little.
- Efficiency: Once guaranteed that the system and you work well as an investment, try to be more efficient, more profit and less loss.
- Capital increase: As a third level, it seeks to increase capital and invest more to obtain large operations that translate into good profits.
It is important to highlight that this advice is the order of the steps through which an investor or trader is going to go through in their relationship with the capital earned or invested, altering this order will lead to failure without question.
Impulsive decisions usually translate into lost money, think about your movements and analyze the situation well to make a decision.
Success in finances and numbers is the reflection of success in your person, you will have to generate habits and undergo some uncomfortable changes … it will be worth it financially and personally.
You can follow TheLionsTrading by instgram @thelionstrading, or visit their official page at this link.
Phones: +58 424 1397268 and +58 414 3274770 (email protected)