Hi, I am Keith Johnson the CEO of ‘Learn To Trade’. If you are anything like me before I was involved in trading, your thoughts will probably raise questions similar to these below. So let me answer these using my experience with the Forex market. Please contact us if your questions are not addressed below.
Isn't it said that if something seems too good to be true it probably is?
Every great business always seems too good to be true. Henry Ford first offered a car dealership to a friend who declined and said he was mad and that automobiles would never take off. Colonel Sanders approached over 1000 people with his chicken recipe before he found someone with belief in his product. Sometimes we need to look beyond and say to ourselves if this really works would it give me a better life and what would the cost be if I didn’t. Then evaluate the choices as an informed person.
If the market is as good as people say why doesn’t everybody trade the market?
Some people are just happy with their current situation and have no foresight or drive in wanting to improve that position. Many people like to complain that they have no money, no time, hate work, tired of running a business or just happy sitting back being envious of those people who are “lucky” and have the lifestyle of their choice. Luck has nothing to do with success it is the ability to see an opportunity and apply oneself. Personally I have never seen a better opportunity than Forex trading.
Isn't it a bit risky, especially when I don’t have money to risk?
Everything in life has a risk; it is a matter of evaluating the risk and seeing if the rewards are great enough to move forward. The Forex market allows stops and limits at no extra cost. None the less nothing in life has a total guarantee, but we know exactly how much we stand to profit or lose prior to entering a trade.
Will it take up a lot of my time?
Like learning any new skill it takes a little time to learn in the beginning while your skills are being refined and automated. It is not really a matter of whether you have the time to learn, it is a question of importance whether you see something as rewarding enough to reschedule your program and place currency trading as a priority. I know I started the course and then put it on hold for 6 months before realising the full potential trading had to offer and the new lifestyle and freedom it could give to myself and my family. Now I find it frustrating when people say they would like to trade but not just yet, what do they mean?… that they want to experience their current life longer before they start to achieve their new goals.
Do I have to be good with numbers?
Trading is not a lot of number work; trading is more identifying patterns and training your eye to recognise the opportunities that certain patterns offer. Trading is not unlike reading signs on the road and observing what is going on around you.
Is there a lot of computer time involved?
There are many ways to trade this market and the time in front of your computer can vary. I personally like to spend 5 to 15 minutes looking for my setup several times a day. Having entered a trade I am willing to let it run and periodically check its progress. Some people prefer to sit at their computer for several hours at a time.
Can inexperienced people trade successfully?
Currency trading requires commitment, practice and a good set of rules. Learn To Trade provide theses rules and teaches you to understand the associated risks and profits available in currency trading.
Why haven’t we heard of the Forex before?
The Forex as we now know it with $100 USD lots has only been available since November 2002. Prior to this you traded $1,000 USD lots and prior to 1998 you traded $1,000,000 USD lots. It is only now that people are becoming more aware of the currency market availability and as a result it is becoming one of the fastest growing markets in the world.
Why are you running this business and not just trading?
Trading is a great business but not terribly time consuming nor is it always socially rewarding. I have always been involved with helping people as a secondary school teacher and I enjoy helping students and sharing my knowledge of the foreign currency market with like minded people.
What are characteristics of a good trader?
Successful trading takes a degree of patience, commitment and desire. The most difficult part of trading is self-discipline.
Can't you lose a lot of money trading currency?
Yes there is an associated risk with trading. You can lose a lot of money if you do not know how to trade the currency using stops. Our training program is designed to teach you:
where to enter the market
where to exit the market
and how to reduce your risk using stops
Could I wait until some friends do it first?
You can wait all you like and if your friends start currency trading and are successful (or not) has no bearing on whether you would be successful.
I dare say when your friends make a lot of money they will not just give it to you. We are all responsible for our own actions, success and failures in this world.
