RoadMoney Forex Expo hosts forex seminar promoting economic empowerment

RoadMoney Forex Expo, in partnership with the Association of Computing Students at Ghana Communication Technology University (GCTU), organised a forex trading seminar on the university’s campus on Wednesday, May 21.

The event drew a large turnout of students and young professionals seeking alternative income opportunities through forex.

Introducing Forex to the Next Generation

The seminar marked the first major on-campus educational outreach by RoadMoney Forex Expo, a rising initiative led by Smart Isaac Quaye, popularly known as “RoadMoney”.

In an interview with The Sikaman Times, Quaye shared his motivation for bringing forex trading to GCTU.

“The objective is just to impart the knowledge of forex to the students of GCTU, especially,” he stated. “It’s the first time we’re holding such a seminar here.”

For RoadMoney, forex trading is more than a profession—it’s a lifeline that rescued him from personal financial despair. His opening address to attendees was deeply personal, recounting a period of hardship and transformation.

“There was a time in my life I was broken, confused, and struggling,” RoadMoney said. “I cried in the bathroom and asked God to change my destiny. I wasn’t asking for riches. I just wanted a chance to clean up my account, to start over.”

He credits forex with giving him that second chance and believes others, particularly young Ghanaians, can benefit from the same opportunity—provided they pursue it with knowledge, discipline, and the right mindset.

Forex: The Solution to Unemployment?

With Ghana’s youth unemployment rates remaining high, the potential of forex trading as a viable livelihood has captured public interest. Quaye believes that forex education can help shift economic narratives for many Ghanaians.

“In Ghana, what is the minimum wage? It’s very low,” he noted. “But learning the skill of forex, you can make something reasonable—at least $20 to $100 in a single day. Weekly, that’s about $500, which is over GHC 7,000.”

He insisted that such income, though not guaranteed, could offer a lifeline to many young people facing limited formal employment options. However, he cautioned that success in forex is not magic but requires commitment and knowledge.

“Forex trading is not about chasing money—it’s about chasing understanding. When you gain understanding, everything else comes.”

Market Psychology: A Crucial Component

Adding depth to the seminar was an address from renowned forex trader Eyram Dela, widely known in trading circles as “MarketGod”. His presentation focused on the psychology of trading—a topic often overshadowed by technical strategies.

“Psychology is very important,” MarketGod emphasized, adding that “the problem is not always the market—it’s often the trader’s mindset.”

He outlined what he called the “seven deadly sins of trading”, warning participants against common pitfalls such as greed, fear, impatience, and pride. Drawing from personal experience and the journeys of others, he offered a sobering yet empowering perspective.

According to him, greed tops the list, with traders often chasing unrealistic profits and neglecting the benefits of consistent, smaller gains. This desire for quick returns, MarketGod noted, is a common path to account depletion.

“Greed will hurt you. If you’re always trying to turn $50 into $5,000 overnight, you’re going to blow your account. Consistency with small wins is the path.”

Fear, impatience, and revenge trading were identified as key emotional pitfalls, often leading to poor decision-making and losses.

New traders were also cautioned against pride and overconfidence, which can hinder growth.

Envy and sloth further undermined progress by fostering discouragement and lack of discipline, according to MarketGod.

He further stressed that long-term success in trading depends on emotional control, strategic thinking, and ongoing learning.

Beyond the Charts: A Broader Economic Context

While the seminar focused largely on practical forex education, it also touched on broader economic issues, notably the performance of the Ghanaian cedi and macroeconomic policy.

Quaye offered candid remarks on the current state of the local currency, suggesting that recent policies may not be sustainable in the long term.

“The cedi against the US dollar is worrying. The government’s policies look good in the short term, but I fear they are not sustainable,” he said. “When you implement policies that the economy is not ready for, it might look good now, but the long-term effects could be damaging.”

While praising the government for certain economic interventions, Quaye called for a more grounded approach—one that takes into account the structural realities of Ghana’s economy.

“This is not political. I believe the government has done well. But to sustain progress, they must address foundational issues.”

A Movement, Not a Moment

For many attendees, the seminar served as more than an informational session; it offered a sense of direction and purpose. The atmosphere reflected a strong interest not only in financial advancement but also in greater self-reliance and personal growth.

“I came here thinking forex was just another hustle,” said Richard, a third-year software engineering student in an interview. “But after hearing Smart and MarketGod, I realised it’s about mindset. It’s about building a skill that could change my life.”

Others echoed similar sentiments, noting that the seminar had shifted their perception of what’s possible with the right knowledge and discipline.

With plans to extend their presence to additional platforms across Ghana, the RoadMoney Forex Expo is positioning itself to support a new generation of financially informed youth—equipping them not only with tools and accounts but also with practical knowledge, strategic insight, and a more grounded understanding of forex trading.