learn global
Hello,
I just want to add to this thread. Ive completed the learn global training course last month and to be honest im happy with what I've learned.
I only recently got my ICT number which is fine, but i too was a bit baffled and asked the same questions in the outset which is fair enough to be honest.
After looking through all of this, i think that with all fairness you are all confused about something, and in all honesty, i think learnglobal need to perhaps clarify a few points on this too, i.e. the difference between a brokerage house that deals with options and a brokerage that deals only with import export, 2 very different things.
First of all, i feel that when you say commodities broker, you are all confusing this with the general trade of financial s and Commodities, like Financial Futures & Options brokers etc. This is NOT what the learnglobal lot are teaching. It's basically a foundation course into import export and the practical ways of actually making trades work.
My background was marketing and sales and about 5 years ago i stumbled on a website called
Alibaba.com - The world's largest online B2B marketplace. i don't know if you guys know about it, basically its full of literally thousands of buyers and sellers of commodities (which is where i think the 'physical commodities' come into it).
I herd about them through a mate of mine who knew someone who made money from trading wheat, so i wanted to check it out. So after a preamble of talking to my mate i registered with them and started to try and connect buyers and sellers.
Basically, i was 'brokering' but not in the sense of what you might think a commodities broker is, this was literally talking to people who had buyers and sellers for the 'raw' stuff who were interested in buying and selling it.
Anyway, to put a long story short, i soon found myself involved in sending and receiving loi and fco type documents in email to try to make some money through these sales. Needless to say, it was time consuming and i never really got anywhere, even though i tried dam hard even with my family connections in Ghana and Nigeria to trade.
I then saw this add on gumtree like you guys have seen with the learn global lot offering this course, so i naturally called them up and went onto one of their courses. I was surprised to learn at the course that all the loi, fco stuff i was trying to trade with was not how it is supposed to be done. I must give them credit though, the boys there taught me well, and now instead of being someone who plays with paperwork i have actually made some money from trading vanilla, cotton, and scrap metal. Im trying to work with blco (bonny light crude oil) now with the oil refineries back home in Nigeria which is now all making more sense thanks to the learn global lot.
As for the ICT, i knew from the guys at learn global that the ICT is a totally different industry standard advisor nothing to do with regulating shares options finances etc. I know that they are a non-governmental organisation that forms a bridge between the public and private sectors. I tell you something, with the 2 years i wasted chasing loi's im grateful to the knowledge I've now got and happy that there is someone teaching this stuff.
So just to clarify here:
A/ don't confuse what learn global teach with financial trades it's import export.
B/ learn global is new but its well worth the time and effort to learn and the guys there know their stuff.
c/ ICT - looks like they are independent and nothing to do with again financial s etc more to do with the import export side of international trade which is exactly what learn global was teaching.
ive said my piece ... femi
