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Q U I C K L I N K S
Why Learn Here
YOUR CORE FOREX EDUCATION
FREE Forex Trading Seminar
8
Week Forex Mastery Course
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Hotline Hours:
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Enquiry Email:
ask@ForexDrivingSchool.com
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+65-6238-7015
Training HQ:
9 Temasek Boulevard #13-00 Suntec City Tower 2 Singapore 038989
Mailing Address:
FXDS Learning Group Pte. Ltd.
9 Temasek Boulevard #13-00 Suntec City Tower 2 Singapore 038989
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FREQUENTLY ASKED QUESTIONS
You will find 28 commonly asked questions asked regarding our 8 Week Forex Mastery course in this segment. Click on the question to expand the answer hidden below it.
If there are questions that you have in mind but not listed here, please email them to us at ask@ForexDrivingSchool.com!
Newbie's Questions
Q1: I want to pick up a trading skill. Which financial instruments should I start with?
The Foreign Exchange Market. That is why we started this school to bring Forex Trading Skill to every household in Singapore. If you want to know in details why Forex is inherently the easiest instrument to start with, sign up for our FREE preview at http://www.ForexDrivingSchool.com/preview/
Q2: What is the minimum amount I need to start Forex trading? How much should I start with?
You can start with $1. However, we recommend a minimum of $100 or if that is too small an amount for you, 10% of your current monthly salary.
Q3: What charting software or broker software must I pay for?
There are no extra subscription fees for the software and the brokerage.
Q4: What kind of returns am I expecting a year?
Your returns are dependent on what the market is giving you. We are looking at 50% - 150% per annum on your overall trading portfolio.
Q5: Will I lose money? How much will I lose?
In all form of trading, there is a risk of loss. However, we have specific measures to protect against loss. In different trading environments, there are different levels of loss. We will teach you how to identify them and take preventive measures against loss. As a beginner, we teach you how to limit your loss to 1% per trade.
Q6: Do I need to be good in Maths to trade successfully?
No, you do not need to be good in Maths. We use calculator to do simple addition and subtraction. What you need is a strong commitment to come and to learn for 8 weeks and continue trading on your own thereafter.
Q7: I have no trading experience. Will I be able to catch up in class?
Yes you will and in fact people without trading experience are the easiest to teach. They pick up the fastest, as their minds are often not clouded by unnecessary knowledge.
Q8: Will I get to do a LIVE trade in class?
Yes, in fact, you will do more than just one live trade. By Tutorial 4 you are already trading a LIVE account, with real money. For one full month after that, we are still tracking your learning progress, reviewing your live trades with you and giving you more skills to build you to be a confident trader.
Non-Newbie's Questions
Q9: Is this course for beginners?
This course is for anyone who wants to be consistently profitable in Forex Trading with real money.
Q10: I have traded Forex before. Will I be able to benefit from this course?
Only you can answer this question. The question to ask yourself is - What are you looking for? Are your currently consistently profitable in trading Forex with a LIVE account?
Q11: I tend towards being an intra-day trader. Do you teach long-term or short-term trading?
It's great that you know your preference in trading! In this case, intra-day. However, to be fully competent in trading, you need to be good in inter-day as well because it is all part of the same market. It is like if you can drive fast on straight roads, then you should be able to drive slowly through narrow winding roads as well. It's a complimentary process that builds on each other.
Q12: Which brokers do you use? Must I use the same broker?
We use Oanda and strongly recommend you to use them. We do not take commission from them. There are many good things about them and the most important benefit they have for a beginner is money management. You get to control to the exact cents on how much you want to put out in the market.
Q13: How many trading strategies do you teach?
About 14. Though the number of strategies is not important. What matters is how a strategy is built together with the market's current condition. Because strategies are prepared packages, they need to be adjusted when the market changes. You've to know how and why they are built, and when to use the right one. We teach you this in the course.
Q14: How many indicators do you teach?
We'll give you a bunch of common indicators. But all indicators are merely formulas from the price action of the market. Once you understand the formulas, you will understand why you are trading what, rather than just blindly following an indicator because it happens to work in the past.
Q15: I heard that news greatly affect the Forex market. Is it true? Do you use news as your trading strategy?
Yes, news does affect the market. The question is what the news is and what timeframe are you referring to? We do teach you how to use news in your trading and where to look for quality news.
Course Related Questions
Q16: Who should attend this course?
- Beginners into Forex Trading who want a complete overview with both theory and hands-on practice with a powerful individualised training tracking system.
- Advanced Traders who currently spend a lot of time trading, do not feel confident about their consistency. This is usually because of a lack of deep understanding in the core fundamentals. There is no secret strategy in Forex trading. Your depth of understanding the core fundamentals determines your quality of trading.
Q17: How long is your course?
Once a weeknight for 8 consecutive nights. 730pm-930pm is your lecture proper. 930 pm onwards is your time with your trainer.
Q18: Where is your course held?
42 Tras Street Level 3 (3 mins walk from Tanjong Pagar MRT)
Q19: If I miss a class, is there a replacement class?
- Replacement sessions are at $200 per 2-hour class. It can be shared among your fellow classmates who happen to require the same replacement.
- Alternatively, we strongly suggest that instead of paying for the replacement class, you study your notes and do your homework at home. The following week your coach will assist you on areas that you do not understand.
- If you just come for the next lesson without doing any homework, your coach has been instructed not to assist you. The reason why are doing this is because we want to mould you into a disciplined and responsible trader.
Q20: What do I need to bring for the course?
Your laptop, your mouse and your body. We provide the internet connection and electricity for your laptop. We also provide hot refreshments for you.
Q21: Why is your course so cheap?
This is a company run by passionate traders. We believe that there should be one person in every household who can trade Forex for the family.
Q22: Why should I come for your course?
Forex Trading is no longer hobby learning. It is a skill you need to have in this new economy to build your wealth regardless whether the market is up or down. You want to learn from the best school with a world-class teaching system.
- We have a structured education system. We strategically spread the course over 8 weeks for you to have ample time to absorb the knowledge and execute the trades.
- You have a personal trainer. He will be holding your profile, tracking your progress and challenging you through the 8 weeks. You are never lost in a crowd.
- We offer the most competitive course in the market. A couple thousand for a lifetime skill in Forex Trading. Honestly, you have paid more than that for your driving license.
Q23: Do I have to attend additional advance courses after this?
No, you don't have to. In fact, we say, "LEARN IT ONCE, LEARN IT RIGHT!" With what you've learnt over the 8 weeks, you are FULLY CAPABLE of trading on your own. The booster sessions 3 months after you graduate, is for you to sharpen your skill in a more challenging market.
Q24: Do you send out a weekly outlook of the FX markets like some others do, telling them which currencies best to trade and support/resistance level for stop loss/take profit?
Only when the students don't learn well, then they can't read the markets on their own. Our students from 17 - 68 years old can read the markets. That is why WE invest the time to teach you over 8 weeks. It's easier to charge you more in one weekend. You MUST be able to read your own market state. Otherwise, you will never be an independent trader. No other ways.
Q25: What after-course support do I have?
FXDS Forum that is open to everyone, Monthly Grad Nite Meeting (Lifetime Invitation), Mastermind Sessions organized and run by our students.
About Forex Trading
Q26: Why only 15% - 25% p.a. returns as the initial target?
- We only trade "must-happen" events to reduce risk of loss.
- This is the best range for non-professional traders who want to take out only 1 - 2 hours a week. More than this will come with multiyear practice or much more daily effort.
- Minimal Forex Leverage to keep your portfolio account statistically safe and simple.
- It is easy to increase leverage up to 4 times (60% - 100% p.a.), once you know your maximum consistent drawdown.
- This does not even count in intra-day trading yet!
Q27: Do your stuff work?
Yes, it does. Because we do not teach tricks nor cheats nor secret strategies. Many high priced courses make forex trading extremely complicated so that they can charge you more, plus give out more commissions to their sales teams.
I can throw millions of strategies in your face, but if you don't learn the basics properly, you will just waste time and money in the forex market. Plus, you will be seeing us for 8 (EIGHT) full weeks! How can we face you if we cannot deliver?
We don't profess to make you a millionaire tomorrow from forex, what we do guarantee is that you will walk out confident with a SOLID FOUNDATION in forex so that you can later style your trading in any fashion you want, to be a millionaire in just a bit.
Q28: Can I learn on my own from books, forums and the
internet?
Yes you can pick up some pretty good books from MPH at about $100+ a
book. The $30 ones really aren't that great. The "free" alternative is
to spend time to google online and in forums. There is great information
there, though you have to sieve through it and sometimes you can't ask
questions directly face to face - and it is hard for someone to solve
a question for you without you have some working knowledge of forex.
For further discussions on trading forex, please
post them on our Forum
or come to any of our "Forex
& U" Sessions! We look forward to speaking to you!
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A S S E E N O N
       
F R O M O U R G R A D S !
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