Frequently Asked Questions
FAQ
We recommend traders should make sure a broker is subject to stringent regulation for retail traders.
Subscribe to access our member's area and learn more about brokers we have good relations.
Yes. We have affiliate agreements with few firms based on our own assessment of their suitability.
Individual attention, care and guidance. I look at a client first as a person, then as a trader. In practice I respond personally to all
written tasks in the training program, even though there are canned responses available. Personal contact via digital
platforms is part and parcel of the full program.
Yes. We don't think "How a Trading Platform works" and "Technical Analysis Basics" are things we have to "teach". There are overwhelming resources available for that. The purpose of my “Free Course” is to bring beginners to the point from where they can confidently look forward to their journey with my training and guidance.
You will have to subscribe for the details. Based on feedback from mentoring clients the fees are very reasonable for the value you get.
Subscribe. Complete a Mentoring Questionnaire. Pay. Start.
If you read, write and understand English reasonably well, yes. If you are happy that you won’t waste your time and money you will be accepted.
No. You can apply it 100% within the constraints of the prop trading account.
It depends on the individual. I would recommend that if you do, you do the same trades in both accounts.
To trade differently in the accounts can become messy, fast.
The business model is great for the owners, but that doesn’t make it is a scam. Initially, when there were time limits it was, at the minimum, very unfair. The moment they removed the time limits everything changed. Prop trading became an option because you now have a real chance to get access to real money profits. It is also interesting that more and more regulated forex brokers adopt the model.
Nothing that you probably already know, therefore, no.
Yes, it is important to understand what drives currency prices to trade with confidence.
Yes, any market with suitable volatility and you as trader of the ‘strategy’ understand the underlying short and medium-term drivers of the market.
In own account trading it is the money you pay into your account, plus profits and losses from your trading that remain in the account.
In prop trading it is the demo money they load on your prop trading account, plus profits and losses from your trading that remain in the account.
The purpose of the margin is to cover your potential losses. More details in the Free Course.
It means you can make, at most, as if your trading capital is 100 times your margin. For example, if you have a $100,000 prop account you can trade up to USDCHF $10,000,000. To understand leverage is really important, therefore subscribe to get access to the Free Course where it is explained in detail.