We have put together a list of the questions we hear most frequently. If you
do not see your question on this list, please do not hesitate to email it
to us at questions@foreignexchangeuniveristy.com.
Q: What does FOREX mean?
A: FOREX stands for Foreign Exchange. It is also referred to as the FX or
the FX markets.
Back to Top
Q: What is traded on the FOREX market?
A: The currencies of different nations are traded against each other in the
FOREX market.
Back to Top
Q: How much money is required to become a FOREX trader?
A: The minimum account size that we have seen is $300. However, the FOREX
brokers that we feel most comfortable with require a $2,500 minimum.
Back to Top
Q: How much time is required to become a FOREX trader?
A: While training, there is no minimum time commitment, but the more time
you devote to it, the sooner you will attain your reward. Once you are trading
live, your trading style and objectives will determine the amount of time
required.
Back to Top
Q: What type of equipment do I need in order to trade
the FOREX?
A: You need a computer, an elite FOREX Trading Education such as the Trading
in Black and White FOREX Seminar, and internet access.
Back to Top
Q: Where can I trade the FOREX?
A: Anywhere there is a computer and internet access.
Back to Top
Q: Do I need a special computer program to trade the
FOREX?
A: Whichever broker you choose will provide you with the trading software
that you need. In our experiences, the best software available is from GFT.
Back to Top
Q: Where can I open an account to trade the FOREX?
A: All FOREX trading happens online. You can open an account with any FOREX
broker. We recommend GFT due to our overwhelmingly positive experiences.
Back to Top
Q: How can I know which FOREX broker and trading software
are best for me?
A: We recommend GFT. Their software and service are second to none.
Back to Top
Q: How much does it cost to trade the FOREX? What are
the commissions?
A: There are no commissions in FOREX trading.
Back to Top
Q: Can I trade foreign currencies as a business?
A: Yes, you can turn your trading skills into a career.
Back to Top
Q: Where can I learn more about trading the FOREX?
A: The Trading in Black and White FOREX
Seminar offered by the Foreign Exchange University.
Back to Top
Q: Where can I learn more about using technical and
fundamental analysis to trade the FOREX?
A: The Trading in Black and White FOREX
Seminar offered by the Foreign Exchange University.
Back to Top
Q: Are there any tricks to conserving my capital as
I learn to trade?
A: You will be taught all aspects of money management throughout
our FOREX Trading Course.
Back to Top
Q: Are there any educational materials available on
FOREX trading – books, CDs, classes, chat rooms, etc?
A: The Trading in Black and White FOREX
Seminar offered by the Foreign Exchange University offers all
of the educational materials you will need to begin your FOREX trading.
Back to Top
|
