2024-05-06 08:12:14
The American magazine Forbes, specialized in the world of business and finance, published journalistic material about former soccer player Domingo Salcedo, as a notable example of a successful migration from soccer to the difficult field of finance.
The publication, signed by the editorial director (of Paraguay) Santiago Zavatiero, describes the step of the former player of Cerro Porteño, other national and international teams, and the Paraguayan national team, in the field of investments and financial management.
Below is the material.
He debuted in the first division of Paraguayan soccer in 2001, when he was only 18 years old, and he did so in the club of which he is also a fan, Cerro Porteño. In the 18 years of his professional career he wore the jersey of 9 clubs (Cerro Porteño, Racing Club of Argentina, Colo Colo of Chile, Rubio Ñu, 3 de Febrero, Sol de América, Libertad, San Lorenzo and Deportivo Capiatá). In his prime, his transfer was worth US$2.3 million according to Transfermarkt.
It was 2019 when he announced his retirement from professional football and decided to ‘hang up his boots’ to put on the whistle and be Cerro Porteño’s technical assistant.
Just 4 years later, in 2023, surprisingly for many, he would make a decision that would change his life, he would leave football to dedicate himself to a new passion that has secretly accompanied him for the last 15 years.
A passion that was born in Chile, while he was playing for Colo Colo and did not know how to fill the time of concentration with his teammates.
A passion that he learned to manage, manage and that today is his main source of income.
A passion that he does not hesitate to share with hundreds of people every day in his classes.
This is the story of Domingo -Mingo- Salcedo (40), from professional soccer player to financial expert.
It was 2009 when Mingo was part of the Colo Colo de Chile first team and in one of the gatherings with his teammates waiting for a game, he saw an advertisement that said “become a millionaire with US$100.”
“That was the first time I saw Forex (abbreviation of Foreign Exchange in English or currency exchange in Spanish) and there I opened the demo account and made operations without knowing absolutely anything,” confesses Mingo, who is a shareholder of Grupo Trifecta, which owns Smartum is the first Trading institute recognized by the Ministry of Education and Sciences that has an office on the 6th floor of the Atrium located in Villa Morra.
The lack of knowledge on the subject was not a definitive impediment for Mingo, who was only 25 years old, who decided to continue being self-taught and take his first steps in the world of trading on his own.
“I earned about US$100 every day in the demo and then made wrong calculations. I imagined what would happen if I put in US$10 thousand or US$20 thousand. If with US$1 thousand in a demo I earned US$100, I said here I can become a millionaire in a year, and I was totally wrong,” Mingo reflects today as he shares with his students live all of his daily operations.
Salcedo had to test his skills in the real world of trading and leave behind his demo account, where profits or losses were left on the screen. So, loaded with courage, he decided to make his first deposit of real money, and the result was overwhelming.
This defeat only served to make Salcedo decide to get more involved in coin operations, using as his main weapons; books, courses, videos and training, all this in his moments of rest.
“My classmates at the rallies told me I was crazy and I didn’t say anything, because I didn’t even know what it was, but I liked the graphics and I watched American movies about it, and I knew there was something there,” he says.
Domingo knew how to carry out both careers at the same time in the best way he could: a career with a ball at his feet that took him 12 hours a day, and another running behind graphs and values, without forgetting one of his most important pillars, his family.
For 15 years, Domingo juggled his activities and commitments. He says that, in order to dedicate himself professionally to football, both as a player or as a technical assistant, he had to dedicate many hours to the sport, and then, at night, he operated in the Asian currency market, in order to be able to gain experience in trading, exactly in the euro/dollar, which is where he feels most comfortable.
Domingo narrates that “in the Asian market ranges are managed, but I am more moved by smartmoney or institutional money, and I could not do this in this market because there is no liquidity.”
Many times he woke up at dawn, before starting his sports operations, to be able to see the London currency market.
The change from Domingo a footballer to Domingo a trader and speaker took place gradually; He was mixing analyzes of players and performances with those of currencies and markets. “This was like that until October 2023 when spots appeared on my face due to high stress and lack of rest,” says Salcedo.
That was the moment when he had to make the decision to choose one of the two activities that he loved so much: one that he chose from a very young age and that helped him lay the foundations of his life, or the other that he found when he grew up but that he He saw that he had an auspicious future.
Domingo is very sincere: “I am passionate about trading, I don’t do it just to make money, I am passionate about this, I continue to train, I continue to talk with my mentors and see the changes in the market.”
Being able to focus his attention solely on an activity like trading restored Domingo’s health, allowed him to have more time with his family, to be able to share with his children and not miss important moments in their lives.
Domingo today with the experience he has seeks to shed light on all those who want to enter the world of trading with his training, and he is clear in saying that for a person who enters this business without knowledge it can take 6 to 8 months to be able to have stable income, dedicating it full time.
He also says that, with his knowledge in the business world, from driving trucks, managing service stations and others that he tried over the years, he found enormous peace of mind in trading: “it is the only business where “You can limit your losses, you can say today I allow myself to lose G. 100 and if you lose G. 100 you’re done,” he says.
Today, 15 years after he saw that advertisement about how to get rich with US$100, Mingo knows that he is the only Paraguayan soccer player who has decided to give up ball and dedicate himself full time to trading, and he hopes in the near future to become a fund manager and thus be able to manage other people’s money.
2024-05-06 08:12:14