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Conducting free webinars for beginners and intermediate traders has become a good tradition at Masterforex-V Academy.

 

During such webinars any beginning trader can ask questions and get answers from Masterforex-V Academy’s trading experts.

 

In this article, we will reveal what questions are frequently asked by beginners. Therefore, this will be a sort of FAQ for those who want to become successful Forex traders.

 

First of all, let’s answer the most frequent question asked by the audience during the webinars arranged by Masterforex-V Academy: Why do academy’s experts, who trade, train and have other important things to do, spend their time explaining the ABC of trading to beginners?

 

For them, it is much more efficient to conduct 1-2 webinars for beginners than to answer the endless inflow of frequently asked questions time and time again. Moreover, it’s about the advertising campaigns that Forex brokers and dealing centers use to attract new clients. Not all of these broking companies are fair and reliable. Therefore, the experts try to prevent beginners form losing their money while trading with dirty brokers.

 

 

According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, advertising campaigns look tempting for beginners:

 

1.       Open an account, learn how to trade Forex in 2 weeks, and start generating stable profits without effort.

2.       In reality, the beautiful image drawn by brokers is nothing but slyness.

 

How to find a really trusted and reliable broker with high-quality services? More often than not, beginners do not know the answer to this question. That is why Masterforex-V Academy is determined to prevent unfair brokers from misguiding beginning Forex traders.

 

When beginners choose a Forex broker, their decision should rest upon the following criteria:

 

1.       Stable server connection. The trading terminal should work without any breakdowns or delays.

2.       High-quality dealing and instant execution of orders.

3.       The broker should withdraw clients’ funds on demand and without any delay.

 

 

 

Let’s consider an example.

 

It’s common knowledge that some traders prefer to trade short-term (intraday) trends while others trade mid-term or long-term trends. When beginners come to Forex, they become scalpers (or intensive intraday traders) without being aware of that. Why? Because they have no solid knowledge base and experience, no efficient trading system and they are still subject to emotions, unlike professional traders.

 

 

When signing an agreement with a broker, more often than not, beginning traders do not read the terms and conditions. This usually results in major losses. Why? As we have already mentioned, over 90% of beginning traders prefer scalping while most unfair brokers do not allow such a trading style. The agreement usually contains time limitations for all trades. To make it clear, let’s consider an example: A trader closes a winning trade, say, in a minute after opening it, and the agreement forbids traders from closing trades within, say, 5 or 10 minutes. In this case, the broker may (and will) cancel the winner. Can you imagine how shocked and disappointed the trader is? He opens his first trade, makes his first 10 pips of profit and… Boom!…  His winning trade is canceled.

 

Beginners are not recommended to trade on news releases. Let’s assume a beginner opened a trade right in advance or during a major new release. If he is right, he may earn 50 or even 100 pips within several minutes. Even if he is allowed to close the profitable trade, it turns out that the winner can be canceled as well. Why? Because the trader didn’t read the terms and conditions carefully. The agreement may well contain a line saying something like this: “… if the profit gained during a major new release exceeds the limit set by the company, the trade is considered invalid and will be canceled…” Once again, the beginning trader is shocked and disappointed.

 

This is how multiple myths are born. Losing beginners start saying that Forex is a scam, thus undermining the image of the entire industry. However, as you can see, this is not the fault of fair and reliable broking companies, which strive to be as client-oriented as possible and to help their clients make stable profits.

 

 

 

This is one of the cornerstones of successful trading, no matter whether it is Forex, stocks or commodities.

 

More often than not, beginners have no idea about how to manage their risks. The following chart is designed to help them learn the ABC of money management:

 

And finally, it’s about finding and interpreting the required information.

 

According to Eugene Antipenko, an expert at Masterforex-V Academy, when people come to Forex, them face the same problem: Where to learn how to trade Forex successfully?

 

The most widespread myth is that a week or two will be enough to learn how to trade Forex successfully. But this is far from being true. Mastering Forex trading requires time and effort. Masterforex-V Academy is one of the very few Forex training projects that can help you to grow from a beginner to a real professional. The academy’s school for beginners is absolutely free.  The instructors can help you to build a solid foundation and to feel confident before you start learning how to trade Forex successfully.

 

After the course for beginners is finished, if you stay interested in Forex trading and want to become a professional trader, you can continue studying at Masterforex-V Academy. You can become a scalper, a mid-term trader, an expert in trading stocks or commodores, futures, or options.

 

What about the get-rich-quick scheme? Unfortunately, it doesn’t work in financial markets. You cannot make thousands of dollars without doing anything. This is another aspect exploited by unfair brokers. They attract beginners, telling them that trading Forex (or any other market) is easy and simple. Guess what! Over 90% of those traders end up losing their money because once they were deceived by catchy banners promising them the moon and the stars.

 

Can you imagine a professional doctor or a lawyer who has just finished, say, 2-week courses and is now ready to practice? Would you trust such an “expert”? Of course not. So why do people believe that trading Forex is any different?

 

None can become a professional in an instance. It takes time and effort. The process should be gradual. First, you learn the ABC and try to practice on demo accounts. If your trading foundation is solid enough to show stable positive results on demo, then you can switch to real-money trading on micro accounts. If the results are still stable, then you may gradually increase your trading capital.

 

 

This is the only way to become a successful trader. Yet it is not a short an easy one! However, skilled instructors can accelerate the process, thus guiding you and helping you to avoid multiple pitfalls.

 

 

Masterforex-V Academy is planning to arrange more webinars for beginners to help them find the right way to success from the very beginning of their trip.

 

Market Leader and Masterforex-V Academy would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following question: