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Our 100-Page beginners manual is loaded with graphics and text that is easy to understand. You will learn everything you need to know to be able to understand how a trade takes place, what happens when it does, and how people make (or lose) money in the Forex market.
- How the Forex Market Works
- Currency Trading Basics
- Fundamental Analysis
- Technical Analysis
- Money Management
- Tools & Resources
(right-click and 'Save Target As' if you wish to
save this PDF file to your computer)
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Practice, practice, practice! A free Forex Demo Trading Account will let you trade in real-time using real, live data feeds but only virtual money. No risk of loss using a demo account!
We highly, highly recommend that anyone trying a new strategy or method of trading should first practice in a demo account to make sure that the strategy or trading system works for them.
There are many, many Forex brokers. Interbank FX, featured here, uses the MetaTrader 4 platform for trade execution and is one of the most popular brokers in the market. The Forex Confidential Wealth Charts and special indicators have been programmed for the MetaTrader 4 platform, and we use the one provided by Interbank FX because the charts are set to the standard GMT time.
We recommend using this as your starting demo account because the MetaTrader 4 platform is very popular, used by many brokers. It is a great application to learn for any Forex trader.
STEP 1 - Download and install MetaTrader 4.
STEP 2 - Run the program using the new icon created on your desktop and follow the prompts to create your first demo account!
(Click and choose 'Run' to start the installation)
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What is the difference between trading Forex and trading the Stock Market? |
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Here are the brief advantages to trading Forex over the Stock Market:
- Trading Times - The Forex market is open 24 hours a day, 6 days a week, so no matter what schedule you have in your life you can trade. Early morning, late at night, or in the middle of the day: the market is always open for trading.
- Trade Both Directions - You are not stuck "only buying" in Forex; you can trade in both directions. There are always opportunities taking place.
- Liquidity - The Forex market is one of the most liquid markets in the world and orders are filled in seconds.
- Selection - We trade only 9 major currency pairs. You don't have to select from 40,000+ stocks.
- Highly leveraged - Small movements in the Forex market can generate huge movements in your account, however, increased leverage can lead to large losses as well as gains, so be careful and follow your money management rules.
- Practice FREE - You can Practice for FREE with "virtual money" using the exact same software that is used for live, "real" accounts. This helps you understand the trading method for free with no worries.
- ANYONE Can Do It - yes, even us average people can trade Forex!
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What if I am a TOTAL beginner? I've never heard of Forex before. |
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We HIGHLY recommend going through our Free Beginners Manual thoroughly before you join Forex Confidential. Having these basic principles will help you take full advantage of your membership and our training.
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Doesn't it cost a lot of money to trade the Forex market? |
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Nope. Contrary to popular belief, it does not take a lot of money to get started in the trading industry. Brokers will start an account for you with as little as $300. We normally recommend starting with at least $1,000.
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So you're going to teach me how to trade, how much will the training cost me? |
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It costs only $197 per month for personal, live training, our live trading signals, plus 3-5 online workshops daily. You also have full access to our ON-DEMAND training videos. You can join here.
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How long will it take me to learn the 240FX strategy? |
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Most people can learn the basic 240FX strategy within a week, assuming you know how a currency transaction works, how to read a chart, and how to use your trading software first. Our live online workshop sessions are here for ongoing support and Q & A.
One week will not make you a pro, but you should have a good grasp of how it works and be able to start practicing on your own as well as attending the workshops. The more you practice it, the better you will get.
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I'm nervous about starting: I don't want to lose a lot of money. |
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We highly recommend that you trade using a FREE "practice account" trading "virtual money" until you are comfortable with executing trades and you are showing good, consistent profits in your demo account. Don't jump into trading "real money" until your emotions are under control and your account is doing well.
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This sounds great... Do you have a GUARANTEE? |
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YES - We are so confident in our training and strategies that we offer a 100% Money-Back Guarantee. We guarantee that during your first 30 days as a member, by taking our trades, you will be profitable, or you will receive your money back. The details are in our Member Agreement that you see when you sign up.
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What about losses? Do you ever lose money? |
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Of course we do. If you hear of a trading system does not take losses, you should run the other way! Losing trades happen. The key is to end up with positive gains overall, and that is what our strategy has done. We use "stop losses" to protect our trading capital from big losses, and we move these stop losses into profit which protects our gains as they occur. Our slogan is, "Close your losses early and let your profits run", and we NEVER risk more than 2% of our account on any trade.
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Will the training times fit my current schedule? |
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Our online videos are accessible 24 hours a day, 7 days a week, and our live training workshops happen 3-5 times daily, usually at: 6:30am, 12:30pm, 6:30pm U.S. Central Time. (Chicago Time)
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What are the LIVE online workshop sessions like? |
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We use the powerful hotComm collaboration system to host our live online workshops. This gives you an audible and visual experience. You will hear the training while you see our trading mentor's charts. He explains the charts and why we are (or aren't) getting into trades. The power of this type of training is that you see everything that our expert is doing in real-time, AND you may ask questions to help improve your own trading. You can also see other members in the room and text-chat with them, building powerful trading relationships. We promote this group-trading environment to help us all become better traders.
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How much money will I make? |
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This is a hard question to answer because there are so many variables. Variables such as: your % risk amount per trade, your trading account balance, and how many of our trades you catch. If you had a trading account of (for example) $500, and you made a net profit of $100 during a month, that translates into a increase of 20% on your account. 20% is GREAT, but you may not think $100 is great. Therefore, it depends on your account balance and the profitability of the trades during any given month.
Normal people earn 2%-3% per year in a CD or savings account. We believe that any large, noticable improvement over that is a good thing. Imagine making 5%, 10%, 20% per month on your account, compounding month after month? Build your account up and eventually you will be able to live off of your trading.
On the other hand, keep in mind that if you are a losing trader you could be placing your trading capital at risk. We are here to teach you our consistent trading methods for your profit and proper risk control, but you have to listen to the training and practice the principles you learn.
HEADS UP!!! If you decide to receive training somewhere else, make sure the person who instructs you also trades their own accounts. There are many
training companies out there that only "sell" you a system and they don't actually trade it. BE AWARE!
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Why are you teaching this? Why not just trade yourself, and not teach? |
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It's the age-old question. Why would a mathematician teach people math? Why would an engineer teach an engineering class? Why do literature experts teach literature? Why? Because the do-ers make the best teachers. When you join Forex Confidential, you aren't going to learn from a "teacher", you are going to learn from a real trader. Our #1 goal is to teach you a lifetime skill that you can use the rest of your life; a skill that we use ourselves.
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OK I'm ready! This IS something I want to do now. How do I get started? |
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When you join Forex Confidential, you'll receive IMMEDIATE access to our full line of On-Demand training videos, and all the tools you need to install your charts and attend the workshops. Click here to get started IMMEDIATELY.
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Okay, sounds great and all - BUT - What if I am skeptical and want to get my feet wet before "jumping in"? |
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You'll want to start with free access to our 100-page Beginners Manual. You can read the beginners manual and see if this Forex trading is something you want to try! Just scroll back up and download it!
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