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FX Professional
26 York Street
London
W1U 6PZ

Forex Trading Course - How Does Our Forex Training Work? Print E-mail

After you join, you will be able to access the course videos onlines to study in detail for several hours to understand what you are doing, but you can start trading very quickly.

There are 28 chapters that make up the course, which will take 5 to 6 hours to study but are essentially your guide and working book.  You will learn how to identify trends and understand financial charts; how to join a spread betting site; and how to open and close trades.  We also cover the psychology of trading and how to handle the emotions involved so that you make clearly logical decisions.  We also show you how to do all the paperwork involved, and most importantly guide you from scratch to build your capital and generate firstly a good income and then a significant income.

Once you open a spread betting account, you need to put in enough to cover the first trade.  But this can be as little as £30, and that can be all you ever need!  But more of that later.  We strongly suggest our members start at £1 per point with a risk of 30 points.  This means you can make up to £30, or if it goes against you, your loss is a maximum of £30.  We expect around 8 out of 10 trades to be successful (that’s what we achieve, and what we work very hard at getting our members to achieve).  So at two trades per day, again our recommendation, you could make £240 and lose £60, a gain of £180 on the week.  Not very much?  We said we’d build up slowly, but when you are ready to start trading at £10 a point, this becomes £1800.  What we try to ensure is that you only build up to higher levels of risk when you are ready.

What are the risks?  The higher the level you trade at the greater the potential rewards, the greater the risks.  That’s why we’re very keen for you to build slowly, and to stay in touch with us.  If you trade at a £1 a point and make 10 losing trades in a row, then you’ve lost £300.  It would also mean you haven’t followed our course or on-going advice, which is always to be cautious.  Typically though, our average trading is 80% successful, and if you replicate that, and start slowly, you should be in profit very quickly.

How much capital do you need?  If you follow our advice, then apart from the course cost and your initial spread betting deposit of £30, your profit should cover everything else including our fees, increasing your level of trading, everything.  Indeed, we have members who have earned enough in the first month to recover the course fee and build a significant trading sum.

How many trades a week?  There is no limit to the number of trades you can make.  However, our cautious approach and planning involves time weighing up each and every opportunity and making sure it meets all our criteria.  So we recommend two trades a day as an average.  If the market is very volatile, we may not trade at all for a day or two, and that’s when you need to be very disciplined.

Who owns what in this?  You own your own business.  You buy a course from us and that’s yours forever.  We don’t licence it to you or franchise it, it’s yours.  We hope you become a member and maintain that over time, but that’s your choice.  You can operate independently, and that means we need to ensure the on-going support is value for money for you.

Why do you need on-going support?  You could after a time decide to go it alone, once you are comfortable with your level of expertise.  So what would you miss?  We support all our members daily by email, explain all queries, look at trades you are suggesting and tell you if they fit our advice.  We are not allowed to tell you what to do, but we can say if a suggested trade fits our parameters.  We also show you every day what we have traded, how we set them up, where we entered and exited and why.  This is probably the most valuable service we offer to members – the ability to measure their trades against professionals on a daily, same day basis.  And remember, the £145 per month for all this on-going support is a lot less than one, single successful trade at £10 per point.  We can also provide additional training, retraining if market conditions change, advice and training on how to enter more advanced trades – but that’s for the future!  The support is free for the evaluation period.  After that, we ask you to pay £145 per month in advance – so we have to make sure our support is very valuable for you.

So how well does this work? Click here to see our Forex Trading Course performance to date.

 
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