FREQUENTLY ASKED QUESTIONS
Foreign Exchange (Forex) is the exchange of currency for another. The foreign exchange market is the largest financial market in the world, with over $5 trillion changing hands daily and growing; more than six times the aggregate amount of the U.S. Equity and Treasury markets combined.
Currency trading occurs when one country’s currency is traded for another country’s currency at the prevailing exchange rate.
No. With your margin account, you are buying the right to trade one “lot” of a currency. Each lot equals a different amount of currency, depending on the currency being traded versus the US dollar.
Absolutely! Trading is a profession that anyone can learn. However, it doesn’t happen overnight or in a few weeks. You must go through the same processes of education and mentoring that all professionals go through. Generally, we need to become conditioned that trading is simple
The major difference between Forex and trading in cryptocurrencies is the fact that by their very nature, digital assets are more volatile and therefore more unpredictable than traditional fiat currencies. This is because the price-driving factors for cryptocurrencies are completely different from those of Forex currencies.
NO, Traders seek price fluctuations and investors seek a return on investment. Both require a calculated risk that is minimized by knowledge. You are always gambling when you don’t know what you are doing or uneducated, trading emotionally or with a “hot tip”. The Forex market is different because you control the amount you are willing to risk. When you trade not knowing what you are doing, or off a tip, you are gambling. When you trade after you have been educated or mentored by a successful program, or by other successful traders, you are now taking a calculated risk.
Reliable sources indicate that about 6mtrillion dollars of currency are traded daily on the Forex. The majority of the volume historically is generated by major investors, banks, financial institutions and governments. Thanks to the Internet, more and more people like us are beginning to learn about the opportunities and are getting involved.
Register now on this site and select the level you want to start from and your availability, then we can assist you.
If you get involved with the right company offering the proper education and mentoring, you can expect to create a financial performance expectation plan. Your plan will depend on how much you start out with, how knowledgeable and how unemotional you are. Never enter the market without first paper trading, which is trading virtual money. Once you achieve a track record of consistently completing successful trades and prove to yourself you can trade, then and only then, should you enter the market with your own money.
Yes, GOLD FOREX INSTITUTE will provide you with E-Books. We encourage you to buy Investment in the foreign exchange (Forex Trading) Book. It’s written to show how step by step the Forex market works to build a strong foundation in your trading. The market is vast and complex. Hundreds of authors have written books about most of the characteristics of the markets. There is a lot to know. Success in trading comes by focusing on one or two markets and specializing in those markets.
You will begin a personal involvement with a reputable firm and successful professional traders. We will teach you all the processes for becoming successful. We offer advanced trading courses as you progress and guarantee during any course, and provide you with personal continuing support, research, 5 months mentorship free and access to our trading room; as we know Forex market is all about constant practice and discipline.
It all depends on the session you choose (Weekday, Weekend or Online class). The beginner class will take 2 weeks for Weekday and Online class and 1 month for Weekend class, then the student can decide start trading. The Intermediary class for Weekday and Online will take 3weeks; 1 month for Weekend class. The advanced course will take 1 month for Weekend and 3 weeks for Online and Weekday class. Hence, the Online and the Weekday sessions take a period of 2 months and the Weekend session will take 3 months
You have unlimited training and tutoring. Imagine joining a country club where every time you attend, you add value to your skills. Just think how good you would be. That is the value of unlimited training. Lifetime training for one fee.
Absolutely, your success is directly related to how soon you start. Start with a small realistic objective and practice, practice, practice.
Yes, you can access the Forex, commodities, stocks, and Crypto, etc.
You would not go to a doctor, lawyer or CPA who was self-taught through trial and error. Professional training shortens the learning curve and improves your chances of success.
Yes. You have to crawl before you walk. It takes time and discipline. It is just like starting any other business. Apply the right rules, attitude, and diligence and many folks then begin trading full time.
No, unless we schedule another class for you to finish your course
Kindly contact us for more information about instalment procedures.