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Frequently Asked Questions
Q. Why is Forex so popular?
A. Forex trading is attractive because it offers unparalleled freedoms.
A trader can live almost anywhere as long as he/she is within reach of the
internet. A trader can work from home or office, and with broadband access, even trade
while traveling! A trader can usually choose his/her own hours to work since
the global foreign exchange market is open 24-hours a day. A trader avoids many
common headaches associated with running a business because there is NO
inventory, NO shipping, NO billing, NO collections, NO employees, NO commuting
and NO dress code.
Q. Why is there such a large trading margin trading
A.The Forex market has various leverages as high as 100:1 or even 200:1 so
for example, a $5000 deposit can purchase $500,000 Euro dollars. The small daily increases in a currency price
would mean a higher fluctuation in overall profit and /or loss. For example: In the
Euro one one-hundreth of a cent (one pip) is valued at $10.00, so since the Euro moves
an average of 76 pips a day, there is a daily profit or loss of $760.00. On a $10,000
account this equals a potential profit or loss of 7.6% every day.
It is important to note that increased leverage also may increase the losses suffered.
"Without proper risk management, this high degree of leverage can lead to large losses
as well as gains." The small daily increases in a currency price mean a proportionally
greater profit or loss."
Q. What happens if thousands of new traders enter the
A. This market trades between 1 to 2 trillion dollars
a day and even if millions of new traders started trading, the market
will just gain daily volume. There will always be a bank or broker willing to
buy or sell currencies at almost any price (anticipating the market will
recover their positions sooner or later). Big banks have been quietly trading
your deposits for their gain in the currency markets for decades.
Q. How is my money handled?
A.As far as trading your own money, we will teach you how to employ strict
"risk control" principals. Remember we have experience in trading forex using these
exact same techniques.
Q.What's different about your site from the
A. Our membership provides new or even experienced traders more than just
an standard education in Forex. The inter-active online workshop sessions are moderated
by an experienced trader and will help you shift your old way of thinking. If you wish
to start trading or take your trading to a higher level, you have to have an experienced
coach dissect your current skills and help you make adjustments. The specified changes will
accelerate your learning curve and boost your trust in yourself to help you trade with