FAQFrequently asked questions and their answers. Please feel free to read them all to get a better understanding of the industry and our platform. Don’t forget to also see our range of testimonials. These illustrate the true experience our learners are going through. We look forward to welcoming you to our community and starting a new journey with you.
Forex is a global financial market where all currencies over the world trade. It is also known as forex exchange, FX or currency trade; it is the world’s largest market with a daily trading average of $6.5 trillion.
A forex currency pair is the value of the base currency and the counter currency. A currency’s value can change depending on the economy’s strength, political stability, inflation, interest rate, trade balance, productivity, and risk.
Leverage is the practice of borrowing funds to increase the potential returns on investment. In the forex market, leverage can be utilized by investing with forex brokerages that offer margin accounts to their clients. A reminder that traders should not spend more money than they have when making a trade.
When you trade with leverage, you do not need to pay the full value of the trade upfront. Instead, a small deposit is put down, known as the margin. If you close a leveraged position, your profit or loss is based on the trade’s overall view.
Leverage can therefore magnify your profits. However, it also brings the risk of increased losses, including those losses that exceed your deposit. With leverage trading, it is essential to manage your risk through learning.
Pips is the term used to measure the movement in a forex pair. The forex pip is the moment of the fourth decimal place in a currency pair. For example, if the EUR/USD changes from $1.3531 to $1.3532, it is classified as a single pip. If the decimal place appears to be after the pip, it is known as micro pips or pipettes and represent a fraction of the pip.
However, there is an exception to this rule if the currency is listed in much smaller denominations, for example, the Japanese Yen. A single movement in the second decimal place constitutes as a single pip. Here, if there is a second decimal place movement, it constitutes a single pip. If EUR/JPY changes from ¥172.18 to ¥172.17, it has moved a single pip.
Currencies are traded in lots. These are batches of currency used to standardize forex trades. In forex, a typical lot is 100,000 units of currency. Otherwise, you can occasionally trade-in mini or micro lots worth 10,000 and 1000 units.
Independent traders don’t necessarily have 100,000 pounds, dollars or euros to use on every trade, so many providers offer leverage.
The forex market is mostly OTC (Over the counter). It happens either on the phone between banks and other participants or via electronic platforms. 3% of the trades are completed on exchanges.
All currency trades are completed in pairs. For example, when you sell your currency, you would receive the payment in a different currency. Every traveller who has exchanged money to get foreign currency has taken part in forex trading.
An example of this is when you go on holiday somewhere in Europe, and you exchange pounds for euros at the current rate. You sell your pounds to buy euros. When you come back, you might sell your euros to get pounds.
We are an educational training platform that has a unique approach to trading in the forex markets. We do not use any indicators; we focus solely on price action (the markets’ true language), allowing you to see the market clearly.
We have an extensive amount of learning material, including videos and written content, available to help you learn forex safely. We are also a global community, allowing you to discuss your queries with other like-minded traders 24/7
None! Our trading style is based solely on price action (the true language of the markets); therefore, no indicators are needed. Our charts are completely clean.
We currently cover FX Market and Cryptocurrency. If you wish to apply our teaching to any other markets, we would advise you to do your own back-testing & research.
Absolutely! FX Optimal Trading has members worldwide (115+ countries); this includes Europe, Australia, North America, South America, Africa, Asia, etc. Wherever you currently live, you are welcome to sign up and join us.
We are affiliated with VantageFX, IC Markets, FXTM etc (Visit this link to check reviews). A huge amount of our students use FXCM, Oanda and IC Markets. We highly recommend you take part in your own research to decide which broker works for you and the country you live in.
There is no minimum recommended amount; however, many of our students start trading with £500 or more.
The amount of money you require actually depends on your trading objectives. Most importantly, you should only use money that is allocated for trading. Don’t use the money you cannot afford to lose. Having more money to start with can be advantageous.
At FX Optimal Trading, we offer two strategies, one for execution and the other for management. We also provide a friendly global online community to help you reach your trading goals.
There are many different ways to trade, and not all of them provide the results we as traders are seeking. We can’t guarantee that you will follow our resources, but we will show you what is working for current students and other successful traders that have been where you are now.
Ultimately the end goal is to get you confidently trading with belief in your abilities and trust in your strategy. Your improvement will be a direct result of your daily routine, your trade plan and practice.
Your success depends on your own commitment, confidence and drive when learning forex strategies.
Traders around the world have succeeded in using our education/strategies to make money. Regardless of your current situation or your level of experience, we provide the tools to help make your trading and income goals a reality.
We suggest that you take trading seriously and approach it not as a form of gambling but as a business. We have found that those who treat it as a business and focus on building their skills and practice often are likely to achieve success in the forex market.
Trading can be complex; however, we as traders need to simplify the process to become skilled at what we do. Like sports, if we are to elevate our skill and expect better results, each trader must accept that learning anything new or challenging will take some time to master their proficiency.
What makes FX Optimal Trading such a strong component to help with this is that we have spent significant time refining our strategies to make this an easy and comfortable experience in as little time as possible for you.
Our online training and virtual trading room are geared towards making the trading process simple to use and easy to understand. We don’t crowd your screens with numerous indicators that aren’t necessary, and we teach strategies in a step-by-step process so you can gradually advance with a firm understanding. Most importantly, we spend countless hours performing live market education and analysis, so you have the guidance that’s expected to learn how to apply your skills.
Yes, it caters for everyone, from those without any prior experience to those who have been trading for years!
Yes! We send frequent notifications on our community platform. Additionally, we will send you an automated email when there’s new content available.
Yes, we do. We offer one-on-one coaching to all current members. You can book sessions directly from the member page. You can tailor the session to suit your needs. If you have any questions relating to the coaching we offer, reach out to us at support@forexoptimal.com
The Midweek Recap videos are released every Wednesdays and Thursday evening (UK GMT). If you have further questions about our weekly videos, email us: support@forexoptimal.com
The Week Ahead forecast video is released every Sunday.
You can then access our community via the mobile application or on our website.
If you have been a member before, then your previous account will be reactivated upon re-joining, so you can log back in.
If you are struggling to access our community, send us an email at support@forexoptimal.com
Currently, we accept Visa Debit, Mastercard, American Express, Skrill, Perfect Money, Neteller, Payeer, Cryptocurrency or PayPal. You can choose which payment method at the checkout.
If you have trouble processing payment with us, simply send us an email at support@forexoptimal.com. Our team will respond to you within 24 hours.
Yes, you cancel your membership on our website by navigating to the member’s area, account, subscriptions and select cancel.
No. We provide an education service, we teach our members how to become consistently profitable. FX Optimal Trading will never ask you for money, anyone asking you is attempting to scam you and take you money without giving you anything in return.
If ever you are uncertain, please email support@forexoptimal.com
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