Frequently Asked Questions
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Q: Does a person need investment experience?
A: In my opinion, no.
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Q: What about if someone says they have absolutely no experience with the financial markets at all, does that matter?
A: Most traders that I have spoken with, never had any experience with trading before they started. In fact, I had absolutely no trading experience. My back ground was electronics in the Military. My mentor's background was in the insurance industry. So you can see that experience with the trading market or any other investments is not required.
In my opinion, what is more important, is a persons ability to comprehendand follow instructions. Desire to succeed and the tenacity to not give up the first time something goes wrong and having the courage to continue with the personal studies to develop as a professional trader is also important.
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Q: Where are the classes held?
A: Normally the classes are held in Brandon, FL (Tampa area) at our home. This is a home-based business and we will show you how to open your own. I will travel, if you wish to pay the expenses of airfare, hotel and lunch.
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Q: When are classes held?
A: Normally Sunday, Monday and Tuesday or Wednesday , Thursday and Friday of each week. This permits the new trader to actually trade live using a demo station on their 3rd full day of training. However this is flexible.
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Q: How long is the class?
Three full days of training. Normally, class will start around 8 AM and goes to around 5PM.
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Q: What are the cost?
A: The cost of taking the Forex trading course is $3500 plus traveling expenses. Discounts are provided for larger classes.
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Q: How many hours of attention did you have to give to achieve this result?
A: The Forex market is open 24 hours a day, however I normally spend approx. 3 - 4 hours a day trading.
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Q: What amount of capital was required and how much of it was at risk?
A. You can open an account for as little as $300 - $400. However I recommend a minimum on $1000. Each trade is $50 to 100, (depending on your broker) which is controlling $10.000.
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Q: How do you move money to lock in your trading positions?
Once you have been successful getting 25 trades in a row without a loss, or have been practicing for at least two months in your demo account, you open up a margin account with a Forex Broker. We recommend that you start trading live in a mini account first. In a mini account, you will start trading with $50 - $500 at a time. Each $50 / $100 allows to you to control $10,000.
When trading in a standard account, you will be using $1000 from your margin account. For each $1000, in your account, the broker allows you to control $100,000 USD. After you liquidate your trade your $1000 plus or minus (profit or loss) goes back in your account.
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Q: Where do you get your trading recommendations so that you can effect this type of success?
Normally I am supplied with advise from some big traders. However I never trade using their advise. You will be taught how to be able to recognize your own trading opportunities. We use their information as a place to begin our studies.
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Q: Do you use an online brokerage account to execute your trades?
Yes, I use an online broker. When I make a trade the funds are automatically deducted from my margin account. After the trade is finished, then all funds are automatically added to or deducted from my account.
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Q: Do you use an e-currency account to move funds?
I have an e-gold account if that is what you are referring to. However to open up a margin account, you must send a check or wire funds to the broker.
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Q: How much money do you need to trade?
Each trade is $1000 in a standard account. However you should never risk, mor ethan 3- 5% of you account, So unless you have $50,000 or more, then you should start out in a mini account.
Again, you can open up a mini account for approx. $300 and trade $50 / $100, instead of $1000. This is actually the preferred method, for many new traders.
I actually recommend that all traders spend their first year in a mini account.
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Q: If I send you money, will you trade for me?
I have had several people offer to send me $2000 to $20,000 to trade for them. However a securities exchange license is required to trade someone else's money. The avenue that our company has selected to help other people is, to help them learn how to make decisions for themselves by making their own trades. Being in control of your own funds and investments rather than someone else being in control. However my sister company, Spectrum Trading Group will trade for you, however they require a minimum of $50,000.
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Q: If we join, become trained, and start to trade, what else is required? Are there charts to buy?, advisory channels to buy into, or can we or have we got every thing else to get to work.
Their are many services out there that offer to send you their advice for $50 - $500 a month. There are also many comapnies that want you to pay $50 - $350 a month for charts. However none of these services are required. The charts that we provide are FREE.
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Q: Can you still work a job and do these trades?
Yes, the Forex market is open 24 hours a day, so you can always find time to trade. The market opens Sunday evening at 4 PM EST, and closes Friday afternoon at 4 PM EST. Most new traders start out part time.
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Q: We do have 1 or 2 persons that may be interested in doing this with us. Is there a way that this would benefit us?
The cost of the course is $3500 plus expenses for 1 person and $500 for the spouse.
I will give you a $500 cash for each person you refer, that signs up and takes our 3day workshop for $3500.
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Q: Suppose when we finish the training, and have say $5000 to start. Is this doable? We are of the nervous variety, and very close to not wishing to take a risk.
This is one of the reason that we recommend that you complete 25 trades in a row without a loss in your demo account or havwe pacticed for a minimum of 2 months before you start trading live. This way, you will have the confidence and you will know what you are doing before you trade with real money.
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Q: Will I get help after the class or are you left on your own after the class is finished?
The $3500 not only pays for the initial course, but it also pays for the on going support that you receive afterwards. For example: Our company also sends out studies for your review and occasionally provides reviews for traders who have already taken our training course.
Plus we have a daily chat room, where we discuss todays trade set ups
We also occasionally send out studies of possible upcoming trading possibilities.. We are committed to your success, if you are.
And you can take the workshop as many times as you feel that you need.
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Disclaimer
We encourage future traders to not trust opinions, rumors, software or fundamental announcements without personally confirming a potential trade. Using a system of rules and mechanical procedures rather than emotional reasons to prosper from the Forex is our secret of success.
Only "Risk Capital" or "Risk Funds" should be used in such trading. A person who
does not have "Risk Capital" or "Rick Funds" they can afford to lose, should not trade in the market. No one can guarantee profits or freedom from loss.
The techniques that are being taught are those that have been found to work in the past, but may not be indicative of future profitable results. |
