Frequently asked questions(FAQ)

 

General

Forex Learners Academy teaches and prepares students to become professional traders. Whether you have never traded before, or would like to improve your trading techniques, this program will teach you the secrets of the active trading world, with an emphasis on technical analysis, risk management, fundamental analysis, market psychology, and the use of case studies. If you’re interested in building a career in financial trading or you want to become a successful day trader at home and do not have any effective trading strategies, this program will help you accomplish both of these goals.

Forex (FX) is the marketplace where various national currencies are traded. The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders (mostly trading through brokers or banks).

The forex market is open 24 hours a day, five days a week, except for holidays. Currencies may still trade on a holiday if at least the country/global market is open for business.

 

It’s easy to start day trading currencies because the foreign exchange (forex) market is the most accessible financial market: Many forex brokers require only $100 as a minimum initial amount to invest, and some go as low as $50. And unlike the stock market, for which the Securities and Exchange Commission requires day traders to maintain an account with $25,000 in assets, there is no legal minimum amount required for forex day trading. But just because you could start with only $50 or $100 doesn’t mean that’s the amount you should start with. You may want to consider some scenarios involving the potential risks and rewards of various investment amounts before determining how much money to put in your forex trading account. Click here to open a live / demo account.

NB: Forex trading is a serious business, to tell you the truth!! you must undergo training first before you start investing.

There is no central location for the foreign exchange market, often referred to as the forex (FX) market. Transactions in the foreign exchange market take place in many different forms, 24 hours a day, through different channels all over the globe, and wherever one currency is exchanged for another. All You Need is a Smartphone/Computer, and Internet Connection!

The best time to trade is when the market is the most active and therefore has the biggest volume of trades. Actively traded markets will create a good chance to catch a good trading opportunity and make profits. While calm slow markets would literally waste your time & efforts — turn off your computer and don’t even bother!

Click on a time zone for Daylight Saving Time (DST) transition dates and times.

Forex Market CenterTime ZoneOpens
Africa/Accra
Closes
Africa/Accra
Status
Frankfurt
Germany
Europe/Berlin06:00 AM
15-August-2020
02:00 PM
15-August-2020
Closed
London
Great Britain
Europe/London07:00 AM
15-August-2020
03:00 PM
15-August-2020
Closed
New York
United States
America/New_York12:00 PM
15-August-2020
08:00 PM
15-August-2020
Closed
Sydney
Austrailia
Australia/Sydney10:00 PM
16-August-2020
06:00 AM
17-August-2020
Closed
Tokyo
Japan
Asia/Tokyo11:00 PM
16-August-2020
07:00 AM
17-August-2020
Closed

For example, trading EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.

The sky’s the limit! These markets offer highly liquid instruments that trade in large volumes. This makes it possible for traders to execute massive trade positions with little or no slippage. This is an amazing benefit which allows the average retail trader to build a highly scalable online business that will probably never run out of buyers and sellers. Of course, to make money in the forex, commodity, and other markets requires determination and proper trading education.

NB: Forex trading is a serious business, to tell you the truth!! you must undergo training first before you start investing.

Ever wondered How to Start in Forex trading? Well here you will get your first lesson. The best way to learn how to start trading forex is to follow these rules:

1 – Click here to open a live / demo account.

2 – Attend the forex class and become a professional trader since you will invest real capital

3 – Read our Free Forex Signals Learning Guides

Q10. What do I need to start trading?

All You Need is a Smartphone/Computer, and Internet Connection!

NB: Get an education. Before you trade anything, learn everything you can about investing and the markets. … Click here to open a live / demo account.

Each course varies. The Beginner’s level is one week (Mon-Friday) intensive class plus six months of coaching and support. The Intermediate is Four Weekends and three months of coaching and support. The Advanced level is Four weekends and a lifetime of access to the Training Academy. Not to mention you will have bonus videos and downloadable resources to work through. Many students complete the 14-day course within 5 days and others within 1 month, the amount of time it takes is completely down to you as an individual. Click here to open a live / demo account.

It’s easy to start day trading currencies because the foreign exchange (forex) market is the most accessible financial market: Many forex brokers require only $100 as a minimum initial amount to invest, and some go as low as $50.

And unlike the stock market, for which the Securities and Exchange Commission requires day traders to maintain an account with $25,000 in assets, there is no legal minimum amount required for forex day trading.

But just because you could start with only $50 or $100 doesn’t mean that’s the amount you should start with. You may want to consider some scenarios involving the potential risks and rewards of various investment amounts before determining how much money to put in your forex trading account. Click here to open a live / demo account.

Risk Management

Day traders shouldn’t risk more than 1% of their forex account on a single trade. You should make that a hard and fast rule. That means, if your account contains $1,000, then the most you’ll want to risk on a trade is $10. If your account contains $10,000, you shouldn’t risk more than $100 per trade.

Even great traders have strings of losses; if you keep the risk on each trade small, a losing streak can’t significantly deplete your capital. Risk is determined by the difference between your entry price and the price at which your stop-loss order goes into effect, multiplied by the position size and the pip value.

SUGGESTION: If you want to day trade forex, I recommend opening an account with at least $2000, preferably $5000 if you want a decent income stream. With a $3000 account, and risking no more than 1% of your account on each trade ($30 or less), you can make $60+ per day. Click here to open a live / demo account.

Some traders like to short (sell) stocks when instability weighs on capital markets. Although this sounds like a good idea, it carries much more risk than buying (going long) stocks. This is because the maximum payoff on a short stock trade is 100%, which occurs when its price falls to zero. On the other hand, the potential loss on a short stock trade is theoretically infinite.

Contrary to this, whether a trader goes long (buys) or shorts (sells) a currency pair, the maximum loss on both sides is 100% while the maximum gain is theoretically unlimited. Thus, whether you’re buying or selling a currency pair, you don’t face the risk-to-reward ‘imbalance’ associated with shorting stocks. This makes forex trading more flexible and less risky than trading stocks in times when stock markets are at risk. Another advantage of trading in the forex market is the immense liquidity it offers, especially with the major currency pairs. Click here to open a live / demo account.

The blockchain behind bitcoin is a public ledger of every transaction that has taken place. It cannot be tampered with or changed retrospectively. Advocates of the technology say this makes bitcoin transactions secure and safer than current systems. Open crypto live / demo account here

We have prepared for you a comprehensive course. The course consists of 4 levels: Beginner, Elementary, Intermediate and Experienced. Taking this course will turn you from a newbie trader to a  professional trader.
All materials are well-structured and will become a solid foundation of your education.

Beginner
At this first level, you will learn what is Forex, how to “read” currency quotes and buy/sell currency pairs in Forex trading terminal. You will find out how to calculate your financial results. This will be your introduction to the amazing world of currency trading.

Elementary
Here you will get a deeper insight into fundamental and technical Forex market analysis. You will learn how to use various analytical tools for your benefit.

Intermediate
This level will introduce you to different market conditions, like trends, ranges, and breakouts. You will get to know different trading styles and study Japanese candlesticks, chart patterns, and traders’ psychology.

Experienced
At this point, we’ll teach you how to manage your risks and use advanced analytical and trading techniques. This knowledge will help you to maximize your profit and limit your losses.

The different new is knocking on your door

Our main focus is on technical analysis. We offer you a realistic and safe perspective, without magic formulas or false expectations. The full courses comes with videos, interactions, quizzes to advance and lessons prepared by a highly educated team of experts in the Forex Market. If you are still looking for a way to turn your trading from a hobby into a profitable endeavor, it is worth getting to know us.

This Academy is for everyone:

  • Seeking financial independence
  • Who wants to better understand how financial markets work
  • People who have improved their knowledge and learned to operate correctly
  • Interested in reading graphs and technical analysis of financial asset prices
  • Anyone who wants to understand better and start on the financial markets