Frequently Asked Questions About Forex Journey
Is this program designed for beginners?
What is the potential for earning money?
What makes Forex Journey different from other FX training sites?
What if I need more before joining
What is your trading philosophy?
How do you provide the training?
What more will I get out of a Gold Membership?
What more will I get out of a Platinum Membership?
Can I trade other markets with what I learn at Forex Journey?
Do you give specific entry and exit recommendations?
How do I get eSignal software?
Do you offer a guarantee?
Is the Forex market right for me?
I live in a time zone not favorable to trading Forex. Can I still learn to trade?
Do I need to wake up for the London open?
Can I be taught to trade?
I have a real job, can I still trade?
What is Self-Mastery?
How many pips can I make each week?
How much does the charting software cost?
Can your system fail?
Is this program designed for beginners?
Yes! This program is geared for teaching the basic fundamentals of trading the currency market. We offer an Essentials course (online) which is designed to introduce the new trader to the market and prepare for the online market training sessions. This course is included in our basic Silver Membership plan. Forex Journey has created a collaborative learning experience applicable to retail traders at all levels. Remember that the instructors are your guide and will do everything possible to ensure your success. The ultimate responsibility for your success is yours. If this is your philosophy, Forex Journey is your community.
What is the potential for earning money?
Results typically vary wildly, but at Forex Journey we never focus on the money. Our philosophy is that if a trader masters the “Process of Trading” the money will take care of itself. We do not brag about wild gains or how many pips we are making. We set out to master the process of trading the Forex market and what happens to your trading account will speak for itself!
What makes Forex Journey different from other FX Training sites?
Forex Journey is no different than the top FX training companies with regards to strategy and money management. These 2 principals are the cornerstone of any successful trading education program. We do differ from other companies in our unique approach of integrating the personality and psychology of each individual trader into the education curriculum. We believe in growing the total trader. What you do in life you will also bring into your trading. The mind is the most powerful trading computer on the planet and our training is structured to harness this power to provide a lifetime skill for use. Even more important is to remove the obstacles that prevent most traders from succeeding.
What if I need to learn more before joining?
Forex Journey offers live Web Seminars on the Forex Market. Sign up for a FREE Webinar to learn more before making a commitment. Also, there is no better plan than that of ACTION. Forex Journey offers your first trading lesson via the guarantee and return policy for membership; to know the maximum amount at risk and seek a high probability transaction. Click here to join now! Click here to sign up for a FREE Webinar.
What is your trading philosophy?
We believe that the first step to after deciding to become financially independent is to build a solid wealth building and retirement plan. After those plans have been addressed you should identify a portion of that capital that is truly risk capital. By truly risk capital we mean a portion of your portfolio, which if lost, would not hinder your overall financial objectives. We focus our training on the six major currency pairs (USD/JPY, EUR/USD, GBP/USD, USD/CHF, USD/CAD, AUD/USD and NZD/USD). We use principals based on consistent, repeatable trades, using sound money management techniques and high probability entries and exits. We also place a serious emphasis on the psychology that impact all traders and is one of the 3 cornerstones of our training.
How do you provide the online training?
We utilize a web-based class room system with Voice Over Internet Protocol (VoIP) communication so that the only requirement to receive the training is a computer with an internet connection, headset with a microphone and the most important ingredient; a positive, determined mental attitude.
What more will I get out of the Gold Membership?
The Gold Membership is designed for those who are serious about increasing their skill trading the currency market. You do not have to have any trading experience to join our Gold Membership. The requirements is desire, since all the benefits of the Silver Membership is included in the Gold plan. You will get access to more training sessions dealing in intermediate to advanced topics. You will receive an access to a Gold Members Forum to discuss techniques and other aspects of trading. You will also be introduced to personality and trading psychology techniques that will boost your performance as a trader. Gold Members receive as part of their membership access to the paid web seminars and discounts to the live training events.
What more will I get out of the Platinum Membership?
The Platinum Inner Circle Membership is a highly selective level, reserved for the most serious traders. There are extremely limited numbers of memberships available at this level. Once requested, the trader will be interviewed for acceptance into the program. His is done to ensure that the program is a match for the student, as well as the coach. If no slots are available then the trader can choose to be put on the waiting list for a future opening. Once the waiting list is full this program will be closed until all on the list has had a chance to participate in the program. What makes this program unique is the one-on-one instruction in all areas of trading process, including strategy, money management, psychology and life coaching. Included in the Platinum Inner Circle Membership is access to ALL Forex Journey training and education events (online and live) and products.
Can I trade other markets with what I learn at Forex Journey?
Yes! Forex Journey trading philosophy and technical analysis is transferable to any liquid financial markets. Each market does, however, possess a unique blend of fundamentals and other nuances that make market specific training mandatory for the trader.
Do you give specific entry and exit recommendations?
No. As a course of your training you will be taught how to trade. Specific entry and exit point will vary based on the individual trader's personality and risk tolerance. You will be instructed on sound entry and exit principals, as well as heavy emphasis on money management (after all the analysis, can I afford the trade?). Entries and exits will be at the discretion of the individual trader and addressed in strategy sessions and as a part of your trading psychology lessons - taking responsibility for your trades.
How do I get eSignal software?
eSignal Software can be obtained directly from eSignal's website or by contacting eSignal directly. We have no professional relationship with eSignal, with the exception as users of the product. We are always striving to offer the appropriate services to our members and will be introducing other charting packages that have similar functionality.
Yes we do. Essentially, as a new member you have 30-days to try us out. If you are not completely satisfied simply return your training material within the 30-day guarantee period for a full refund of your membership fee. Monthly memberships may be cancelled at anytime there after. You will be removed from the monthly billing. We know that every trader has a style and a need. We also recognize that we are not going to meet the demands of every trader. 30-days will give you a minimum of 60 hours of live market training to make your decision. What's at risk is only your set-up fee, which along with shipping and handling is non-refundable. See the complete details of our refund policy, Click Here .
Is the Forex Market right for me?
The Forex Market is not for everyone. It is very risky without the proper training. Risk management is paramount. We believe that to explore this market, the only requirement is desire. There is one thing certain though, if you do not give it a chance your will never know.
I live in a time zone not favorable to trading Forex. Can I still learn to trade?
Yes, of course you can. By watching several currency pairs on several time frames, you will be exposed to numerous trading opportunities. Forex is a 24-hour market open 5 ½ days per week. These topics are covered in our trading room. We will be offering expanded trading room hours in the future and have an active forum for support. By the way, everyone thinks they live in a lousy time zone.
Do I need to wake up for the London open?
It is a fact that the European hours are the most active. 30% of all currency transactions occur during the European session. The US market is second with around 19%. For 4 hours a day, the two markets overlap creating the highest volume period. It is clearly a good idea to trade the most active hours, but it is not absolutely necessary. Our trading room is open during this overlap period, as well as other time throughout the week.
In fact, the only person who can teach you to trade is you. It all starts by taking personal responsibility. I can offer you education, a system to approach trading and support. But, the ultimate decisions while trading lies within. This is why Forex Journey focuses on developing self-mastery skills side-by-side with strategy and money management training. I know a number of traders who have attended seminars costing from $2000-$3000. They all report that they learned tons, but that the afterglow of confidence (key word) wore off by Monday morning when they sat down by themselves to look at the currency pairs. That’s why Forex Journey offers a blended-approach of video training and live instruction in our trading room. Trading is, by nature, an often solitary endeavor. However, we believe that with a system, a plan that supports that system and a disciplined approach to follow that plan, virtually anyone can become a successful trader (please see the Risk Disclosure Statement).
I have a real job, can I still trade?
Yes, but you can't just spend 20 minutes as day and expect life-changing results! Trading, like any other profession requires a learning curve. You determine curve’s incline and duration. We have all held full-time jobs and know the commitment it takes. This is the reason we always as what is your personal why. Your why will define your commitment. If you work full time, I simply suggest that you trade longer term charts. You will get fewer signals, spend less time monitoring your position, and still achieve your trading goals.
They say that trading is 20% strategy and 80% mental. Then why do most Forex educators only focus on the strategy? Well, we not only don’t ignore the mental aspects of trading, we embrace it! We are well versed in the mental game of trading and incorporate this skill side-by-side with learning strategy and money management.
How many pips can I make each week?
We have no idea. A large part of that is determined by you, the trader. Every day, the market offers numerous opportunities. How many pips you grab is a function of your availability, determination and experience. Please see the Risk Disclosure Statement for more information on risk.
How much does the charting software cost?
We currently do not offer charting service as part of our package. This is likely to change in the near future, as we are working on rolling out a charting package for our members that is cost-effective. We currently use eSignal in our personal trading. You are free to use any charting package. We do recognize that cost is an issue and should be controlled, as in any business. Your trading is a business. We list recommended software in our members’ area.
Absolutely! And if you hear otherwise, run away as fast as possible! Most people consider the strategy or the trade signal the system. Wrong! The system is comprised of 3 components; 1) Strategy, 2) Self-mastery and 3) Money Management. A failure in any component will cause the entire system to fail. That being said, the best systems don't lose money when they fail, they simply reduce the number of signals or they breakeven a lot and wait for the day when the market comes back into synch with their objectives. We done correctly you we quickly gain an understanding of losing trades and bad trades. One, over time, will allow for success and one is the fastest path to failure.
*Risk Disclaimer - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Click here to view our full risk disclaimer statement.