Frequently Asked Questions

FAQ

Do you recommend specific forex / cfd brokers?

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.

Do you recommend specific “prop firms”?

Yes. We have affiliate agreements with few firms based on our own assessment of their suitability. 

What do you mean with “personal mentoring”?

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. 

Do you mentor beginners in trading?

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.

What is the cost of your mentoring program(s)?

You will have to subscribe for the details. Based on feedback from mentoring clients the fees are very reasonable for the value you get.

How do I join your mentoring program(s)?

Subscribe. Complete a Mentoring Questionnaire. Pay. Start.

Do you accept non-native English speakers?

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.

Is there a difference in your training for prop and own account trading?

No. You can apply it 100% within the constraints of the prop trading account.

Will it be beneficial to trade your own account and a prop account simultaneously?

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.

Is prop trading not just a scam?

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.

Does your training include technical analysis?

Nothing that you probably already know, therefore, no.

Does your training include fundamental analysis?

Yes, it is important to understand what drives currency prices to trade with confidence.

Is your trading ‘strategy’ good for any market?

Yes, any market with suitable volatility and you as trader of the ‘strategy’ understand the underlying short and medium-term drivers of the market.

What is margin?

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.

What does 100:1 leverage mean?

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.

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