Frequently Asked Questions

What your day trading courses guarantee?

Our limited guarantee is the following: clients who attend the online classes on a regular basis, who participate in the weekly live trading sessions nearly every week, who utilize the 1-on-1 tutoring and attend the 2 day onsite classes, and whom diligently attend all areas of the training on a weekly basis who just cannot learn the program after 6 months will receive a refund of their money. Remember, failure 90 % of the time is due to lack of patience and unwillingness to change bad habits.

What is scalping?

The two forex trading strategies most common on the market are the position trading strategy and day trading or scalping strategy. Position trading is when you establish a position in the market for days, weeks or months in an attempt to capture large amounts of profits off a single trade. Scalping is a day trading strategy. You are literally scalping a piece of the price movement trying to capture small profits and then get out of the market quickly. The Trades should last less than 2 hours.

Traders who get involved in swing trading are usually applying strategies and indicator packages that should only be applied to position trading. Mixing day trading strategies with swing trading strategies is not good trading and will not result in consistent successful trading. FxCenters Day trading systems is a pure scalping technique developed to day trade the FOREX market. Inconsistency in trading is typically a result of using position based strategies and indicators to day trade.

Will it take long to learn the Day Trading Methodology?

Fore Trading requires discipline and self honesty. It is said that trading minimizes your strengths and maximizes your weaknesses. How long it takes to learn relies on a number of factors including previous experience, your willingness to change bad habits, and how well you use all of the education tools provided in our package. The average person will require 6 weeks of training to create new trading habits. Our customer who begins our course with no experience is typically trading real capital in 6-8 weeks. Traders with experience in other types of investing are more difficult and take the longer to apply the methodology properly.

Is it possible to make a living trading full time?

Trading can be very lucrative. Like any other business you will not make a profit everyday. There are days when you cannot find a trade due to market conditions. If you take a realistic approach you can be successful. There is a growing number of individuals who trade for a living. The reason people fail at trading full time is due to over trading They equate trading to a job and feel they should be making multiple trades and trading everyday.

Why do most traders fail?

Lack of patience. Unrealistic expectations. Unfortunately people approach trading with unrealistic expectations. In other areas of their lives it may have taken a year or years for someone to grow a business or achieve accolades in a profession. People approach trading with the idea they can view some information and then a week or two later they will be making large sums of money. They are unrealistic and impatient.

First you need to be exposed to a number of different market conditions so you can start to identify those conditions and then understand how to perform correctly in each condition. Markets trade in cycles. The conditions change in each cycle