Frequently asked questions

Q: What does FOREX mean?

A: FOREX stands for Foreign Exchange, or currency exchange. It is also referred to as the FX or the FX markets.

Q: What is traded on the FOREX market?

A: The currencies of different nations are traded against each other in the FOREX market like the Euro Vs Dollar or Pound Vs Yen.

Q: Do I need to have financial or trading experience to learn FOREX?

A: You do not need to have any trading or financial experience. We will teach from ground level all you need to become successful.

Q: What do I need to get started?

A: All you need is the desire to learn, a computer, and about two hours of your time.

Q: How much money do I need to start trading FOREX?

A: You need zero Dollars to get started. We will provide you with a free practice account, with real time and live market data. If and when you are ready for a  real account you will need between $100 and $500. Here at The Forex academy we believe that your account should grow in correlation with your knowledge and trading maturity.

Q: What type of equipment do I need in order to trade the FOREX?

A: You need internet service and a desktop computer or a laptop.

Q: Do I need a special software and if I do what is the cost?

A: Yes, there is a special software needed. However; the software will be provided to you free.

Q: Can I trade foreign currencies as a business?

A: Yes, you can turn your trading skills into a career.

Q: I work from 8 AM to 5 PM can I trade FOREX part time?

A: Absolutely, the Forex market is open 24 hours a day, that means you do not have to sacrifice time from your regular schedule or job.