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What is Forex?
The Forex
market is a cash inter-bank or inter-dealer market established
in 1971.
The simplest
definition of foreign exchange is the changing of one currency
to another, and unlike the stock market, one may earn profits
whether buying or selling within the exchange.
“Forex” refers
to the Foreign Currency Exchange Market itself in which more
than 5,000 international banks and thousands of small and large
speculators participate. Every day this worldwide market, which
is 30 times bigger than all the stock markets in the world
combined, exchanges more than $3.5 trillion in dozens of
different currencies. This means the market is very liquid, and
you need liquidity, or movement to make money in any market.
The exclusive
Forex market was opened to the average investor in 1998 and
today the exchange of currencies has expanded from trading
floors to home computers. With the current
growth rate, the market is projected to grow to more than $6.5
trillion per day by the year 2008.
This exciting
growing financial market provides the average person an
opportunity to generate profits in the largest market in the
world. |
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Is your
course set up for a beginner who has no understanding at all? |
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Yes.
I have worked
with traders of every skill level and have found that new
traders do have a distinct advantage when applying my approach
because they have not acquired any bad habits (such as not using
stops, picking tops and bottoms, problems "pulling the trigger"
etc.) that need to be overcome. They also have not picked up any
bad techniques that don't work in the Forex.
Experienced
traders need time to get over their losing styles. This
requires discipline and consistency in trading the ACE style.
Success is usually achieved when they begin to profit from
trading the way I teach them. Soon after, their bad habits
leave. |
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Do
you offer a money back guarantee?
Yes.
One of them is a
full refund if you are not completely satisfied with the course
immediately. The second
guarantee is that you are not left alone after the 2 day advance
course. You will constantly receive signals and guidance.
Furthermore, you may come back and take the 2 day class FREE
should you need to brush up.
As well, any knowledge I gain throughout my journey in this
lucrative market is shared with my students FREE. Part of my
guarantee of ongoing support includes the continuing
education. Students are invited to sit in on any class which
includes updates.
Most money back
guarantees in the industry are written in such a manner as to
make it extremely difficult (if not impossible) for the average
person to collect a refund if they aren’t satisfied that the
education they purchased was indeed effective enough to actually
trade currencies successfully. (i.e. You must keep a trading log
anywhere from 3-12 months, and you can demonstrate after that
period that a certain number of trades were made. Only then
you may return materials and be eligible for a refund -
provided materials are in resalable condition etc. etc). That,
and other similar guarantees, which have complicated criteria
make it clear that the vendor has no intention of honoring the
guarantee.
I don't insult
your intelligence with such tactics. |
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Do you offer
support to you students? |
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Yes.
My support is almost daily. The students receive my daily trade
recommendations.
The students can email me anytime.
I answer my phone when they call me. |
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What kind of
expenses are involved in getting started trading? |
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None.
You open an
account with a broker and deposit your own money. This is the
cash you will trade with. You download software to access the
charts to trade with. Most brokers offer these real time data
charts free. If
you don't own a computer you will need to get one. You are now
ready to begin trading.
You CAN, if you
choose, subscribe to a wide variety of services, depending on
the “style” of trading you want to follow, but generally
speaking, technical trading requires no more than the basic
platform and the education I provide.
Trading the
“News” however, involves obtaining specific information on a
timely basis, and learning how to interpret that information and
apply it. Real-time quotes will run $70-$300 per month
depending on data vendor, method of delivery and number of
exchanges bought and you will likely require more than one
vendor to corroborate your information accurately. |
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When is the
Forex market open for trading? |
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The Forex is
open for trading 24-hours per day, Sunday evening through Friday
afternoon |
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What
is A.C.E. Trading System? |
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Determine your entry strategy and learn to get in the
market at the most sufficient point - that is you're ”A”
(Anticipate). |
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Confirm
your decision by using 5 different methods that will
always behave the same at the end of any price movement
- that is your “C” (Confirm). |
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Learn
how and when to enter the market and how to maximize
your profit. That is your “E” (Enter). |
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What
is technical trading vs. Fundamental trading ?
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Technical
Analysis is probably the most common means of making trading
decisions and analyzing forex and commodities markets.
Technical
analysis differs from fundamental analysis in that technical
analysis is applied only to the price action of the market,
ignoring fundamental factors. As fundamental data (economic
news releases) can often provide much better opportunity to make
logical decisions on price movements it is important to
understand them.
Most Forex
educational courses feature technical methods, as they are
widely known coming from stock market traders.
Fundamental
analysis, in short, is referring to the dynamic studies of
distinct plans, erratic behaviors and unforeseen events that
influence currency prices. As in Forex
trading, government policies, bank policies, social stability,
overall economic trends are some of the major factors that draw
a fundamentalist’s attention. Through studying these fundamental
factors within a business cycle terms, fundamentalists can
forecast the market condition and thus plot their
immediate direction in the market.
Some of the
major Fundamental factors that affect the Forex market
are:
The Gross Domestic Product (GDP), Retail Sales, Interest Rates
and Unemployment Rate to name just a few.
Although
technical trading appeals to the average trader, why not
eliminate the risk and trade like the “ big boys” do. They do
not take or accept risks. They trade on logical numbers when
the economic data is out. |
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Why do you
prefer trading news releases?
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I am in this market to make money, as this is my primary source
of income. Unlike other forex teachers who failed to make money
trading and turned to teaching their losing methods to the
public and charge thousands, I do make money, and trading the
news offers the largest profits.
I was, and still am a technical trader, and I was successful
trading a couple of unique methods that most traders don’t know.
I shared my unique signals with all of my students (free) but
there always was a chance for losses.
In trading the news releases you should not accept losses, as
the method is logical and you are looking at numbers that will
affect currency prices at the time of the release.
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What is your
pressure point system? |
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It is an advanced
institutional platform provided by a broker which shows buying
and selling pressure at certain times - specifically before news
releases. |
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What is the Auto Clicker and would work with my platform? |
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It is software that
we are developing to help you execute trades without human
reaction delays when getting Buy or Sell signals.
The auto clicker will
work with any platform that has one step execution.
What are the best
times to join your live trading conference room?
I am available
between 2:00 to 5:00 am EST to trade the London Session, and
8:00 to 10:30 am EST
to trade the NY
session.
We also trade the
important announcements that fall outside of that time, so you
pick your schedule.
I usually send an
email with the weekly trades ahead of time. |
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What do you
think of the forex brokers? |
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Not much really, I
guess they are more concerned about their own pockets but if
they don’t honor your Stop losses or limits and you can prove
that, then ask them to rectify the issue or else you are calling
the SEC (securities and exchange commission). |
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