faq's
Q: What is Forex?
A: The Foregin Exchange (Forex) Market is a global marketplace for exchanging National currencies. It is the largest and most liquid asset market in the world
https://www.investopedia.com/articles/forex/11/why-trade-forex.asp
Q: How much money can I make trading Forex?
A: There is uncapped potential of earning. However, the results are based on the level of discipline, consistency, and how well you follow your trading plan rules. The average is anywhere between 2-5% monthly of the starting balance of your account.
https://dailypriceaction.com/blog/how-much-money-can-you-make-trading-forex/
Q: How much does it cost to start?
A: Some trading platforms allow you to start with as little as $50-$100 of your own money, just know that small accounts usually bring small returns. The recommended or ideal amount would be anywhere around $2,000 - $10,000 of your own money. However, there are Trading firms that provide funded accounts of anywhere from $10,000 - $200,000 of their money to trade after an assessment period.
https://www.axi.com/int/blog/education/how-much-money-do-you-need-to-start-forex-trading
Q: What is the benefit of taking this course?
A: You get individualized teaching and mentorship when investing in this course. This method of learning this trade is regarded as one of the recommended practices for beginners learning Forex.
https://www.investopedia.com/articles/forex/08/forex-trading-courses.asp
Q: Do I need to be computer savvy to trade?
A: You do not need to know how to code or upgrade the memory or any other specialized service when using your laptop. The main objective of your computer is that it runs efficiently and fast, and possibly have multiple monitors.
Q: Can I make a living off of Trading Forex?
A: Yes, you can make a living from trading, but in the beginning, keep your day job while you hone this skill. Top earners glorify all they've accumulated but they fail to leave out the process it took to get there.
https://www.forex.in.rs/trading-forex-for-a-living/
Q: Is Trading easy?
A: No, trading is not as easy as some of these online figures will make you believe. There is no such thing as a trading plan that is 85% or 95% accurate. Losses are part of the learning process. This is a highly engaging skill set to learn and implement properly.
https://fxssi.com/is-forex-trading-easy
Q: I've seen Forex advertised as a way to become a millionaire, Is this true?
A: Yes, you can become a millionaire. The tradeoff is years of disciplined consistency and a rule based trading plan coupled with a strong Trader's Psychology. Those that have amassed large sums of money tend to focus more on strategy and consistency and the money second
https://trading-education.com/can-you-become-a-millionaire-by-trading-forex
Q: Why was this course created?
A: The Crop Report was created to give back to the communities of minority or underrepresented populations, of which I am a part of. This skill and information has been void in our communities at large. This is an opportunity to level the playing field.
Q: Is Forex an MLM or a scam?
A: No, it is not a scam. The Forex market has been utilized by many retail traders, hedge fund management , and financial institutions since the 1970's. The success of the Forex market gave way to individuals wanting to take advantage of this trading platform as a means to get rich quick through MLM's and network marketing schemes.
You don't need to join an MLM or network marketing company to learn to trade Forex. Most of the MLMs won't even teach you how to trade the right way they focus on recruiting and paying your monthly fees as opposed to you actually learning anything. Not all MLMs are bad, but learning to trade Froex through an MLM is not the recommended approach.
https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/cftcnasaaforexalert.html#:~:text=Forex%20trading%20can%20be%20legitimate,it%20comes%20to%20forex%20offers.
https://www.alphaexcapital.com/forex-mlm/
Q: How soon will I start earning?
A: You can start to trade whenever you see fit. Realistically, there is a learning curve that suggests consistent profitablity is developed over time. This is not a get rich quick overnight process.
Q: What skills do I need to have to learn how to trade?
A: Most people think you need to be a statistics master or a finance wizard to trade. The real skills needed are more intangible than technical. In a nutshell anyone can learn this information when taught and explained thoroughly.
https://therobusttrader.com/do-you-need-to-be-smarter-than-average-to-be-a-trader-are-traders-smart/