1. What is currency trading?     

Simply stated, each country has its own currency.  Currency trading occurs when one country's currency is traded for another country's currency at the prevailing exchange rate. 

 
   

2.  How is currency traded?   

All currency trading is traded in LOTS. Each lot has a different amount of currency. For example;
a Swiss Franc lot has 125,000 Swiss Francs in it. A trader does not buy lots in order to buy and
sell it or trade it. A trader opens a margin account, enabling him the right to trade it. 

 
   

3.  What is a margin account?

A margin account is a bond account. It is like a savings account. Before you can trade, you need
to place a certain amount of money in what is called a margin account. You are guaranteeing
other traders that you can pay them if you lose. That account is overseen by your broker.
He monitors your account when you trade. He usually will not allow you to risk more than what
is in your margin account. The margin account exists so, as you win on a daily basis, they have
a place to deposit your money. Conversely, when you lose, they have an account to withdraw
the money.

                
   

4.  What is the difference between Futures and FOREX?

Currencies are the money that represent the monetary system from different countries. For
example; the Japanese Yen, Canadian dollar, Brazilian Real, Swiss Franc, etc. Futures trading of currencies is done in trading pits, where you are trading those currencies today, but for future
prices. FOREX trading is trading actual currencies at today's exchange rate with banks. All
trades are done through brokers or market makers.

 
   

5. Am I buying actual currencies when I trade?

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 verses the
US dollar.

   

6.  What is Day Trading?

Day Trading is when a trader buys and sells his lots or stocks that same day. He is in and out of the market that same day. He does not hold his position overnight or for a week, etc. 
   

7.  What percent of people really earn money on the FOREX?
   
10 % make money, and 90% lose money!
Why?
The 90% who enter the market are driven by emotions such as greed and fear. They lack a
sound equity management plan and know very little about the techniques of trading. The
fact is they are lacking adequate and proper education for the task at hand.

   

8.  Why do Professional Traders earn so much money?
   
Most Professional Traders are part of the 10% earning money. The 10% earning money actually
receive the 90% money that is  lost . If the 90% are paying the 10%, you can easily figure
out that the 10% are being paid quite handsomely.


   

9.  Can I become a successful Professional Trader?
    
Absolutely!  Trading is a profession that most anyone can learn.
          
   

10.  Is trading a form of gambling?
    
All forms of trading and investment can be construed as a form of gambling, although neither
are the same as playing the lottery, roulette or betting. Traders seek price fluctuations and
investors seek 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 uneducated,
trading emotionally or with a " hot tip".

Calculated risks are taken in all investments. People risk huge sums of money and not every one succeeds. Even when there is a track record of success as in many franchises there is still no guarantee. Their investment becomes a calculated risk.
The FOREX market is no different. 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, you are now taking a calculated risk.

   

11.  Can I lose everything when trading the FOREX?
    
No. You can't lose everything you own. The under-educated will more than likely lose their
margin account. The educated will more than likely capture the loser's margin account money. 
   

12.  Why don't we hear more about the FOREX?
    
Reliable sources indicate that about 1.5 trillion dollars of currency is 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 of the opportunities and are getting involved.
   

13.  How can I  get started?
    
You need to be very careful and exercise due diligence. There are growing numbers of
international firms offering various approaches to FOREX trading. Look before you leap.
Do your homework and check references. Many companies prey on the greedy promising
phenomenal returns that are the exception, not the rule!  Find a company that doesn't
promise the moon. If it sounds too good to be true, it usually is. Reputable firms have credentials.           
                 

   

14.  How much money can I make?
    
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 pretend 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.
   

15.  What do emotions have to do with It?
    
Where money is involved so are emotions. Many people are quite knowledgeable about trading
but can't handle the emotions.  Your emotions will be your biggest obstacle to successful
trading. Not the techniques. To be a successful trader you cannot trade emotionally.
You must trade logically. Our egos drive us to be successful 100% of the time, but in reality
no one is successful 100% of the time. Not even the professionals. Successful professional
traders clearly understand the market is about logic, not emotions. They trade logically, not emotionally and they are the 10% who trade successfully all the time!


   

16.  Are there books I can buy to educate myself ?
    
My package include valuable trading ebook form wellknown forex trader and we encourage you
to read. However, EasyFXSystem being developed to speed up the learning process.
Just follow the instruction from the provided manual and you are ready to trade like the pros.
      
Success in trading comes by focusing on one or two markets and specializing in those markets.
One must decide what they want to trade, educate themselves and then focus in on that area
of the market.