Course FAQ
Forex Trading Course FAQ
Is the course duration enough for me to get started on real trading?
The beginner course will equip you with the essential knowledge to start trading. We have been conducting this course since June 2007 and we have received very positive feedback. Through our survey forms given out to students at the end of the class, almost all the students surveyed, have found the content of the course to have met their expectations and they have benefited from the course.
Students are advised to apply what they learn in the course in order to see results. We advise students to practise the strategies taught in the course and trade on the demo account for a period of time until they can profit consistently before trading on a real account.
How many students have attended the course since we started the course?
We have more than 500 students who have attended our course.
Do your strategies guarantee that I will make 100% profits?
There are no strategies that work 100% of the time. Do not be taken in by anyone who claims that they have a forex trading strategy that will guarantee you profits. It does not exist.
We can only talk about whether a particular strategy has a higher probability of bringing you profits and not which particular strategy is 100% accurate. One important rule of trading is that if it is a proven strategy that works more than 50% accuracy of the time, you have to stick to it. Don’t throw it away when it didn’t work on you once or twice. Accept the fact that there will be times when the setups do not go the way as planned. If every trade are to work out profitable all the time, then there are no risks in forex trading.
Why is the course fee much lower than those offered by other course providers who can charge up to $4,000?
We believe that we should only charge what is reasonable. Paying more does not mean you get the best. Our fees are lower because our expenses for running the course are lower. We spend less on advertising in the newspapers. In fact you hardly see our advertisements in the newspapers and if we do advertise, our advertisements are often small. Most of our students are through word-of-mouth and readers who have read and enjoyed the book “Handbook on Forex Trading”.
Our advertisements are designed to be informative rather than a persuasive sales pitch. We do not use words like “make explosive profits”, “make easy forex money”, “sure-win strategy”, “get rich quick” or words that have a tendency to over promise customers and make forex trading sounds so easy. It is only fair just to say that you can be profitable and you can reduce your risks in forex trading if you have the right education and trading knowledge.
If I attend the course, can I become a millionaire trading forex?
No one should claim that you can become a millionaire in trading forex. No one should even tell you that you can turn $2000 to $200,000 in a year or less unless you are willing to trade with large contracts and to undertake a big financial risk. Trading forex is not for everyone. It involves risks. Part of your learning involves knowing how to control your losses and not just about profits making. Just like learning a new skill, it takes time to be proficient and good at it.
Trading results of each trader differs due to the difference in the level of knowledge about the market, trading styles, trading experience, psychology, the level of discipline and the ability to manage risks effectively.
Who is the trainer for the course?
The trainer is Nicholas Tan. He has more than 18 years of experience in the area of Forex trading, having worked for 13 years as a Forex trader with Bank Brussels Lambert and Chase Manhattan Bank. Armed with a degree from NUS in 1989, he worked his way up to vice president, making millions in those years. Since 2003, Nicholas has been trading for his own account and has coached numerous individuals on Forex. He is also the bestselling author of “Handbook On Forex Trading: an easy guide to profitable currency trading”.
Nicholas Tan has been featured in the Channel NewsAsia program, “Cents & Sensibilities – EPISODE 6 – Money, Money, Money: Forex Trading ” More details at: http://www.channelnewsasia.com/cents/episode6.htm
The book, ‘Handbook on Forex Trading” offers readers a good introduction to forex trading and it is written in a concise manner. The book is available at major bookstores and libraries. Many of our students are readers who have found the book useful and informative and they came to our course to get practical hands-on training.
What is the difference between the book and the course?
The book gives you the theoretical knowledge but the course lets you experience the forex market and the strategies in action. As the course is conducted in the evenings where the market is very active, real time charts will be used to illustrate effective trade setups and technical indicators you will be learning to plan and execute your trades.
What kind of support do I get after I have attended the course?
- Email support: send your questions direct to the trainer and get them answered
- Post your questions and share trading tips with fellow graduates in our forex forum
- 6 months of free 3-hours revision class conducted once a month.
To gain the full benefits of the revision class, students are advised to keep a trading journal to document and monitor their trade setups.
Do I need to buy any software or is there any hidden cost?
There is no hidden cost and there are no products or software which you need to purchase.
Can I open a broker account immediately after the course?
Do not rush to trade with real money. There is no shortcut to becoming a successful trader. You got to arm yourself with the basic knowledge and gain your trading experience as you go along. In fact, you should not be trading with real money until you have been consistently making money in your demo account.
Is this a franchise like some courses offered by other training providers?
This is not a franchise. There is no reward system for recruiting students.