Frequently Asked Questions on Forex Trading
What is Forex trading all about?
Forex Trading is the trading of foreign exchange by profiting from the exchange rate fluctuations that occur in the Forex market between different currency pairs due to both economic and technical factors.
Forex Trading is the trading of foreign exchange by profiting from the exchange rate fluctuations that occur in the Forex market between different currency pairs due to both economic and technical factors.
How much do I need to start trading Forex?
It is possible to trade with $100 or as low as $1 but we recommend at least $300 for a start using a micro account, experienced traders start with $2,000 to tens of thousands of dollars for their trading.
It is possible to trade with $100 or as low as $1 but we recommend at least $300 for a start using a micro account, experienced traders start with $2,000 to tens of thousands of dollars for their trading.
How Long Must I trade everyday?
As a starter, you need to devote more time in order to learn fast, but as soon as you adopt a reliable trading system, your system will determine the time you will spend.
As a starter, you need to devote more time in order to learn fast, but as soon as you adopt a reliable trading system, your system will determine the time you will spend.
What tools do I need to start trading?
You will need an internet ready computer, a Forex trading account opened with a Forex broker, a domiciliary account, adequate Forex training by Forex masters and your commitment to success.
You will need an internet ready computer, a Forex trading account opened with a Forex broker, a domiciliary account, adequate Forex training by Forex masters and your commitment to success.
Which broker is the ideal broker I can use as a beginner?
We recommend FXDD, they allow micro accounts and our overwhelming experience with them gives us confidence that your money is safe with them.
We recommend FXDD, they allow micro accounts and our overwhelming experience with them gives us confidence that your money is safe with them.
How much will I be making everyday?
It depends on the market structure for the day but traders make from 20pips to 200pips daily which could be equivalent to $20 to $200 depending on your lot size, Forex masters course enables you to make an average of 250pips weekly or 500 pips weekly in volatile periods.
It depends on the market structure for the day but traders make from 20pips to 200pips daily which could be equivalent to $20 to $200 depending on your lot size, Forex masters course enables you to make an average of 250pips weekly or 500 pips weekly in volatile periods.
How do I receive my profits from the Forex markets?
Forex Profits are basically received via telegraphic wire transfers through intermediary banks, some brokers do accept and send e-currency like Paypal, credit cards, liberty reserve and many more.
Forex Profits are basically received via telegraphic wire transfers through intermediary banks, some brokers do accept and send e-currency like Paypal, credit cards, liberty reserve and many more.
Can Forex trading be affected by global crisis?
The only thing that can terminate Forex trading is when the whole word is spending the same currency. It cannot be affected by any form of economic crisis or global meltdown.
The only thing that can terminate Forex trading is when the whole word is spending the same currency. It cannot be affected by any form of economic crisis or global meltdown.
Are there any educational materials available on Forex Trading – books, CD’s, one on one mentoring and classes?
Forex masters Course contains all the above and technical support services to guide beginners to the road to consistent profits in forex trading.
Forex masters Course contains all the above and technical support services to guide beginners to the road to consistent profits in forex trading.
How long can it take me to start profiting from Forex Trading?
Each individual have different learning paces and assimilation speed. On the average, new traders can completely master the secrets of Forex trading within a span of eight months.
Each individual have different learning paces and assimilation speed. On the average, new traders can completely master the secrets of Forex trading within a span of eight months.
If you have any other question not covered in this FAQ page please contact us
0 comments:
Post a Comment