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.