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FREQUENTLY ASKED QUESTIONS
Mentorship = access to a trading coach for one-on-one live coaching sessions, built to help you move closer to your desired trading outcomes.
Mirroring = access to your trading coach's trade ideas where you are allowed to "copy their work," built to help you move closer to your desired trading outcomes.
M.O.P. stands for "My Own Principal."
With the introduction of funding companies and prop trading firms looking to allow traders to use the firm's capital for trading instead of the trader's own, the need arises to create a distinction.
How long it takes to learn Forex varies with each individual. Learning to trade has many similarities to any other learning environment in that, the effort of the individual plays a significant role in achieving one's desired outcomes. The goal of FMTrades.com is to give you access to two of the most common tools used for fast tracking more consistent trading success: mentorship and the ability to experience real trades to help increase your understanding and momentum towards long-term success... think of it like you would a teaching hospital for physicians and its benefits.
When you enroll in either the Mentoring or the Mirroring program, you have the choice to enroll on a month-to-month basis, or to receive access for 12 consecutive months with the annual membership option. Your membership will automatically renew on the anniversary of your enrollment unless you elect to dis-enroll before the end of your chosen enrollment period.
You will have access to my calendar to schedule mentoring sessions each week whenever you need. The booking link is located within the Members Only Section.
Everything you know in life, at some point, you never previously knew.
I learned trading on my own, until I progressed to the point that I knew I needed mentorship, then I elevated even further.
There is no barrier to your success but your belief that you can.
The starting amount for your account is totally up to you.
Depending on the Forex broker you choose, leverage amounts vary, which can impact the minimum amount needed to deposit.
Regardless, appropriate risk management is the most important aspect, which is what you'll learn more about in the Mentorship.
Forex, or FX, is the foreign exchange market, a global marketplace where currencies are traded. It's the world's largest financial market, with trillions of dollars changing hands every day.
How it works:
Forex is traded in pairs, meaning you're exchanging one currency for another. For example, buying EUR/USD means buying euros and selling the US dollar.
How prices are determined:
Prices are determined by interbank trading, which is the buying and selling of currencies between banks constantly, all over the world.
How it's traded:
Unlike stocks which use exchanges such as the New York Stock Exchange, forex is traded by a decentralized global network of banks, dealers, and brokers.
Trading hours:
Forex trading is open 24 hours a day, during market hours.
Why people trade forex:
People trade forex for a variety of reasons, including capital efficiency, liquidity, and commission-free trading.
How it's different from the "real economy:"
Only a tiny percentage of currency transactions happen in the “real economy” involving international trade and tourism. Most of the currency transactions that occur in the global foreign exchange market are bought and sold for speculative reasons.
Podcast Appearances
Listen to some thoughts and ideas regarding Forex markets.
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