FXTE Education FAQ

Questions about the 2-day FXTE seminar,Trading the Foreign Exchange Market.

How much does the Home Study Kit and seminar cost?

The complete 2-day seminar package sells for $3,995. From time to time, special packages are available.

For pricing information please go to the Registration/Pricing page or call 800-988-FXTE (3983).

As a member of the FXTE trading community, you receive unlimited access to discussion boards and can attend future Trading the Foreign Exchange Markets seminars at no charge.

Should I read the books or view the DVDs before I come to the seminar?

You are not required to do any preliminary preparation. However, if you would like to get a head start, we recommend that you read Book 1; Fundamentals and/or watch the first DVD.

When and where is the seminar offered?

Refer to the Registration/Pricing page for a current list of scheduled seminars.

Can I bring a trading partner to the seminar?

FXTE encourages its students to work with trading partners. The standard guest price is $1,295. From time to time special offers are available.

Are coffee and tea provided?

Hot beverages are supplied each morning and water is available throughout the day. A one-hour lunch break is provided, although the seminar does not provide meals.

What will I learn at the seminar?

You will be introduced to the exciting world of the foreign exchange market and will be taught how to trade international currencies using a proven method that limits risk while maximizing returns.

Who is the seminar taught by?

All FXTE seminars are taught by experienced Forex traders.

Do you offer a guarantee?

We offer a 100% money-back guarantee for complete package purchases. If you are not satisfied by noon of the first day of your scheduled seminar, you may return your seminar materials to FXTE seminar representatives for a full refund. Once you have handed in your seminar materials, we will provide a full refund to your credit card within 30 days. Read more about our 100% Money-Back Guarantee.

If you are responding to a special offer, please verify the terms of your 100% money-back guarantee on your enrollment form.

Is the Forex market right for me?

If you’ve been trading stocks or options, the Forex market can provide a faster moving, highly liquid and strongly trending market to help you diversify your portfolio.

Do you need to have trading experience to take the seminar?

This seminar has been meticulously developed to satisfy the needs of both seasoned traders and beginners alike. No prior trading experience is necessary.

Should I bring my laptop?

You do not need to access your computer for the seminar. However, if you want to bring your laptop for note-taking, please keep in mind that electrical outlets are generally not available in seminar rooms.

What kind of support do you provide following the seminar?

We offer customer support Monday through Friday, from 8 a.m. to 5 p.m. Pacific time. In addition, all seminar attendees receive unlimited access to our discussion boards, making it easy to keep in touch with your FXTE seminar instructors and fellow students. What's more, lifetime re-attendance privileges to Trading the Foreign Exchange Markets seminars provides the opportunity for you to continue your education and learn new ways to trade as the market changes.

Do you offer an advanced seminar about trading the Forex market?

At this time, we are actively developing an advanced seminar, and expect to have it ready in 2006. Be sure to check our Web site regularly for updates and additional product announcements.

Questions about Forex trading

What is the foreign exchange market?

The foreign exchange market (Forex) is the largest financial market in the world, with a daily average turnover of more than U.S. $2 trillion. Foreign exchange is the simultaneous buying of one country’s currency and the selling of another.

Where is the Forex market located?

Unlike other financial markets, the Forex market has no physical location and no central exchange. It operates through a global network of banks, corporations and individuals trading one currency for another. The Forex market is considered an over-the-counter (OTC) market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network.

Who participates in the Forex market?

The Forex market is called an Interbank market due to the fact that historically it has been dominated by banks, including commercial banks, and investment banks. However, the percentage of other market participants is rapidly growing, and now includes large multinational corporations, global money managers, international money brokers, futures and options traders and others.

When is the Forex market open for trading?

A true 24-hour market that is open 5.5 days a week, Forex trading follows the sun and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Traders can respond quickly to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

What are the most commonly traded currencies?

The most often traded currencies are those from countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of eight major currencies, which include the U.S. Dollar, the Japanese Yen, the Euro, the British Pound, the Swiss Franc, the Canadian Dollar and the Australian Dollar.

Do you need a lot of money to start trading currencies?

No. Some online Forex dealers offer mini accounts that enable you to trade small contract sizes. These accounts can be funded with less than $1000.

What is margin?

Margin is essentially collateral for a position. If the market moves against a trader's position, additional funds will be requested through a margin call. The concept of risk. leverage and margin are examined in depth in the seminar.

What does it mean to have a long or short position?

A long position is one in which a trader buys a currency at one price and aims to sell it later at a higher price. In this scenario, the investor benefits from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate. In this scenario, the investor benefits from a declining market.

How can I get familiar with terms such as bid, ask, spread and others?

Refer to the extensive Glossary on our Web site, which provides detailed definitions of all Forex related terms (and join us at a seminar).

What is the difference between an intraday and overnight position?

Intraday positions are positions that are opened and closed anytime during the 24-hour period AFTER the close of the trading day usually, but not always, at 5 p.m. Eastern time (for U.S.-based dealers). Overnight positions are positions that are still on at the end of the trading day, which are automatically rolled at competitive rates (based on the currencies interest rate differentials) to the next day's price.

How are currency prices determined?

Currency prices (exchange rates) are affected by a variety of economic and political conditions, most importantly interest rates, inflation and political stability. Sometimes governments influence the value of their currencies, either by flooding the market with their domestic currencies in an attempt to lower prices or buying currency to raise prices. This is known as Central Bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the Forex market makes it impossible for any one entity to drive the market for any length of time.

How do I manage risk when I trade currencies?

The most common risk management tools in Forex trading are limit orders and stop loss orders. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor's position. The liquidity of the Forex market makes limit orders and stop loss orders easy to execute.

What kind of trading strategy should I use?

What kind of trading strategy should I use?

How long are positions maintained?

As a general rule, a position is kept open until one of the following occurs: 1) realization of sufficient profits from a position; 2) the specified stop-loss is triggered; 3) another position that has a better potential appears and you need the funds from an open trade.

I am interested in foreign exchange trading, but would like some additional information. Any suggestions?

In order to gain a practical understanding of Forex trading, there is no better way than to open a demo account where you can experience what it's like to trade the Forex market without risking any capital.

What equipment do I need to start trading?

If you have a computer and an Internet connection, you're ready to start trading. However, before applying real dollars, we recommend that you open a demo account to practice and refine your skills. Analytical software, newsletters and periodicals are also available to further your Forex education.