Forex Trading faq

Frequently Asked Questions

We have included in this section questions that have been asked of us numerous times in the past and we thought it might be of service to you to include those most frequently asked.

First of all we are the Top Trading Educator in South Africa, with the best trading course (Pro Forex Trading Course) available, and the absolute best, knowledgeable and friendliest instructor team. We are making use of the latest technology to bring all your training material and interaction with the instructors' team right to the palm of your hand with the, unique to Forex College, "Mentor in Your Pocket" App.

One of the problems of learning to trade is that there is no regular progression that takes a beginning trader from ignorance to knowledge or from losing to consistent winning. The programs currently available either teach the vocabulary of trading or simply provide a series of favourite indicators. Neither of these approaches produces good consistent winners.

There is, however, a universal five-step progression from first interest or novice to becoming an expert in any field of endeavour. This progression will provide us with a framework for creating our map as we move from one level to another and for studying the historical and scientific differences at each level. In the Forex College, Pro Forex Trading Course – Evolve as a Trader approach, you are learning to trade so that you don't lose money while gaining experience in the markets

Yes we do. We claim compliance with the Asset Managers Code of Conduct and adhere to the Ethical and Professional Standards of the CFA Institute. Follow this link and see "See firms that have already claimed compliance"

CFA Institute

No we are not, and we do not need to register, see below.

Department of Higher Education and Training Registration:

The Further Education and Training Colleges Act (Act 16 of 2006) says that providers of education have to register with the Department of Higher Education and Training (DHET). They only need to do this if they intend to offer National Qualifications (qualifications registered with NQF) that have an NQF level of 2, 3 or 4.

The Pro forex Trading Course is a skill building course and not an accredited course. The aim of the Pro Forex Course is to introduce you to a high risk type of investment style. The main purpose of this course is to empower you to become independent and self-sustained through investing and trading in high risk assets. Become your own boss, work your own hours and make profits trading. Trading forex is not a job, it is a type of investment style.
Well the answer is simple. Our mentors (professional active traders) takes tremendous pleasure in teaching, hosting and passing on the skill and knowledge of professional trading of currencies, commodities, indices, stocks and other profitable assets and securities.

When man first discovered fire he did not keep it to himself, NO he shared it, carried that skill and knowledge over from generation to generation to make life better. The same with the skill of trading the financial markets, it is a skill you can learn, and with the right education and mentor you can surely change your financial future.
No we don't, we have moved away from being located at a fixed location, like Sandton or Cape Town. We now take our mobile classroom to clients all over South Africa.

We have experience in the past with a fixed location that our clients couldn't make it to the classroom sessions on time, and they blamed peak hour traffic driving and public transport. Timing in trading is crucial and it was unaccepted for our professional traders and mentors to waste time and trades waiting for late comers. Our mobile classroom enable us to setup shop close to you our client. As long as we have access to the internet we can trade and teach.

We bring the campus to you.
Yes it can. Our 5 step evolution program is designed to help you evolve from beginner trader, we have seen 100's of student evolved in to successful expert trader of the past 11 years. It is sometime better to start with a clean slate, then you don't have to unlearn anything and can focus on your evolution as a trader..
Our home study course in combination with our Virtual Classroom is designed to help you evolve into an expert trader. Some clients prefer classroom training as they prefer to spend face-to-face time with an instructor from our elite team and seeing them trade, getting the hands on psychological facilitation has proven to increase the success level of most attendees.
Our Pro Forex Trading Course. You need reliable internet access, make sure you have at least two ISP, access to a PC/Laptop or a Tablet. It is not advisable to trade from a small screen smart device. Be willing to learn something completely new and embark on a challenging journey. We will help you setup an account at a broker and all the rest you will learn as you evolve as a trader.
Absolutely. There is no time limit or fee for trading or technical help. We believe that one of the reasons our traders do well is the ability to ask questions and receive feedback about their trading. I still answer questions from clients that took our course over 10 years ago. We also know that the markets are constantly changing. We need to adjust our strategy if and when the market behavior changes, so keeping in touch with us is the best way to keep up with our newest work.
We do not trade for you, so you will need to open an account with a reputable broker. There are so many to choose from, it can be confusing. We are happy to recommend our broker to you for all trading need, currencies, commodities, shares and more. If you choose another broker, make sure you research the company and have a phone back up number in case the Internet goes down. Many brokers offer charting packages as well now, so it can be a one stop shop!
If you make use of our recommended broker and you are a South African you can open a LIVE trading account for as little as R500 ZAR, you can also have a base account in USD. Do keep in mind that you have leverage in forex trading compared to being fully vested in stock trading. The smaller the account the longer it will take you to build up your equity.
We do discuss risk management in our courses but we prefer to work with each client one on one based on many variables such as: account size, trading background and experience, type of markets you are trading, what your belief systems are and the risk reward ratio that you will need to feel successful and comfortable trading. Each trader is different; we all come to the table with different expectations, fear/greed processes as well as experiences, so these factors will help us know how to direct you in learning how you trade best without losing your money. As you gain experience in trading you will know when to trade 10 contracts instead of 2, you will feel comfortable with more than one or two positions on in multiple markets, or you may be happy with 2 contracts that bring small consistent profits.
Yes, many of our traders have a full time job and trade as well. With our methods it should not take you longer than 30 minutes to evaluate all markets, and could take only 10-15 if you can really focus on the markets instead of your opinions about the markets. Our opinions tend to be our biggest enemy! Our goal is that our traders have the abilities and skills to trade full time if they choose to once they have become comfortable with our methods as well as successful.
No there is not. It will vary from day to day depending on the number of positions you are in, and/or the number of markets that you analyse each day. Our Trader Evolution Program do work on a number of trades taken in each level before you continue to the next, so the duration in time all depends on your ability and time available to learn and trade in the market. The market does not keep a time clock!
No, you only need one that has your software program and data. You will need an Internet connection to be able to download your data each day.
Absolutely not! All you need to trade on a position basis is a few minutes at the end of the market day to place your orders for the next day. As a position trader you are not paying attention to what is happening intra-day, you have your stops in and let the market do what it is supposed to do. Position trading is more profitable than day in our opinion.
We recommend that you use Windows 10 as your operating system, for the download version, you can have Forex College's standalone version of the course on two computers. However all the material and additional features are available in our APP online and off-line..
What time frame you trade will depend on your personality and what markets you like to trade. I prefer to trade the daily charts, they tend to produce more profits long term since you are able to increase size of investment with the trend. I also trade intra-day if the daily time frame does not produce signals. If I trade intra-day I tend to look at the 10 minute time frame for volatile markets like the indices. All other markets like the currencies or the grains I trade the SO-minute charts. You can trade any time frame you like or are comfortable with; we have found these to be the best for us and our traders over time. Again, position trading has proven most profitable and least time consuming for us.
Yes we do supply free technical support for our software and we have a Virtual Classroom where where we help you setup MT5 and interaction between other clients and tutors. MT5 takes care of technical support if you are using their software and data package.
Success has a different meaning to everyone, we believe that trading should be a holistic approach to the markets; because of this our clients have more success than most. I would say our success rate both financially and emotionally is in the 60% to 70% range. I attribute this high rate of success to the ongoing support our clients receive.
As our client learn to evolve as a trader our first level is to gain experience while not losing money, so we advise them to trade a demo account or a small live account at our broker. As they proceed through the levels they will realize the ability to start making profits and get a better ROI on their time and investment up to level 5. The average client is trading successfully immediately to a few months. Some go faster than others. It depends upon your depth of understanding this approach and your own personality type. If you are an experienced trader, you will mostly likely be immediately more successful. If you are totally new to the markets you may expect a learning curve of one to a few months. It may take that long for you to experience the different levels of evolution, moves and personalities of the various markets. We highly suggest that you do take you time to progress successfully through each level.
Yes it can, but we recommend that you do not trade on less than as-minute chart; we also like to recommend diversification, if the GBPUSD is not trending there will be others that are. We like to look at all the opportunities that the market gives us.
During your three days in our class we cover all the nuances of the markets that we cannot put in a book or the Home Study Course. We will do personal and psychological exercises to determine what our underlying structure is and what is motivating you currently. How we can be more in tune with the markets, what new signals are being used and hands on trading. The Classroom is a great way for us to get to know you better which allows us to help you more in an ongoing situation after the training. Once we see your underlying structure and belief systems we can guide you better to what will work for you as a trader to bring personal and financial wealth.

To fully evolve into an Expert Trader. You cannot just learn to trade like an expert, in search of the holy grail in trading from attending a free seminar or reading a free online book. Trading is a type of investment style and you need to completely evolve as a trader to succeed in this challenging market. It is better to evolve under the guidance of instructors and mentors that took this journey before, and survived.

Google search "Free Forex Trading education" you will find over 430 000 000 results, now if you start the day you are born and spend 1 minute everyday learning and testing the result you will need to grow as old as 818 years, not even taking in consider ration the money value on each search result. .

That why you need tried, tested and proven system and they do come with a price, as real people value education and time.

That will vary from trader to trader and trade to trade. What is important is that we have a consistently profitable equity curve. We have found that we may have more losing trades than winners but our winners are so much larger that the profits continue to accrue. It is important to cut your losses quickly and let your winners run. This keeps an increasing equity curve in your account.
We can and we have but it can be difficult. A person must be able to let the losses go and move forward before he/she can be successful again. Our psychological facilitation is the key to this success. The other important factor is building confidence again. We prefer to take small steps to re-enter the trading world. We want to take incremental steps with each success in the rebuilding phase. Remember the old saying- you must get back on the horse after falling off. Our Trader Advisory Service is an unique service helping struggling traders getting back on track..