FAQ

Indeed there are many educators. You must also take into consideration a well known statistic that over 90% of new Forex traders fail and lose money. This must mean that most of the educators are failing. We do not fail. 

We teach what you need to know in full. Most educators teach incomplete version’s of support / resistance, reversal / continuation patterns, price action etc. We also cover these extensively. However, there is a difference, all these patterns zones etc are useless and  prone to fail if your trading strategy is based on them solely without the knowledge of institutional levels and inter bank algorithms. We give you the full picture. You have to understand 2 things:

a: The market is not an artist creating nice patterns and clean lines known as S&R levels/zones etc just to make your charting platform look good and give you signals. These patterns are a natural occurrence due to the type of price action taking place. Know the price action that causes the pattern not just the pattern! Its common sense and we find it infuriating that these so called Forex Guru’s with their glossy websites and intrusive YouTube videos can get away with this. We assume that they do not know and are probably not even traders. Noticed how they are always camera friendly looking. When did you ever see a geeky looking millionaire trader offering to teach you. They are actors my friend.

b: You know and we know these patterns fail regularly. Otherwise we would all be millionaires. Its not that easy. Sometimes they do indeed work out. How do you know which pattern / S&R formation will fail and which will succeed? You cannot, unless the patterns forming is in line with an institutional bias / flow. Does it fit in with the big picture? Are you trading with them or against them?

Most other educators do not teach you the whole thing. In fact, you just learnt one of the most valuable lessons you will ever learn in your Forex career for free! In my FAQ section!

Global Economics. 

As you probably already know, there are 2 sides to trading: Technical analysis (analysing charts) & Fundamental analysis (Movement caused by news events and economic figures releases)

Things like interest decisions and whether central banks have a dovish or hawkish policy have a massive impact on the markets as do employment figures. 

Do you know how global economics work? Do you why interest rates are increased or lowered? Do you know what inflation is? 

We give you all the knowledge top to bottom to make you a complete trader. Only way you can skip these things is…. well, if you already know them.

I would recommend that you read about my forex journey by clicking here.

In a nutshell, I started off, chances are probably in the same boat as you are right now. Completely new field. Excited. No experience in finance or economics. Lured by glossy guru’s promising quick riches and the ability to do this combined with being my own boss. I messed up big time and not just messed up, I wasted significant time with all these strategies like MA crossovers, breakouts, harmonic patterns, elliot waves etc etc. Wasted money on indicators, web lessons, books, courses etc

Every aspect of learning to trade, you name it and I have been there, worn the T-shirt and bought the mug. Actually, I became the mug.

My journey is so extensive and I have made every mistake that you possibly could as a Fx Trader. However, unlike many others who give up during the journey (I honestly cannot blame them) I made it through and developed a working strategy with strict risk management. 

Honestly I have been through hell and I can save you the pain and time. If I had not been through the Fx wars and come out with all the battle scars then I do not think that I would be successful now. I learnt every strategy whether it worked or failed. 

This qualifies me to teach!

Of course, this is a possibility. We do prefer our students to have taken the whole course but if you do not require it then we can discuss individual module purchases. 

Seriously anyone that asks this question or has this question in their mind really does not know how trading works. Let me lay it bare for you:

As traders we trade an account. We aim to increase the account by a percentage depending on our appetite for risk and our strategy (RRR). Lets assume:

Low risk strategy. Risk = 2% of account.

Scenario – Day 1. Start with £1000 account. We take 3 trades a day (assume all winning trades). 1:3 Risk/Reward Ratio. 1 pip = £1 (for sake of example)

Risk 2% of £1000 account = £20 risk. £60 profit per trade x 3 = £180. Account = £1180. 

Day 2 starting balance = £1180. New risk amount = £23.60 (£1180 x 20%). £70.80 profit per trade x 3 = £212.40. Account =  £1392.40

So on……

 

Higher risk strategy. 5% of account.

Scenario – Day 1. Start with £1000 account. We take 3 trades a day (assume all winning trades). 1:3 Risk/Reward Ratio. 1 pip = £1 (for sake of example)

Risk 5% of £1000 account = £50 risk (RRR = 1:3) £150 profit per trade x 3 = £450. Account = £1450. 

Day 2 starting balance = £1450. 

Risk 5% of £1450 account = £72.50 risk (RRR = 1:3). £217.50 profit per trade x 3 = £652.50. Account =  £2102.50

So on……

Compound interest baby! No need to take silly risks. I  would recommend risking 2% max. Even if you are using a demo account stick to the rules. Start as you mean to carry on and respect demo money like real money or there is no point.

Of course these are ideal situations and we have not considered losses and there will be losses. I can guarantee that. 

Notice that in each trade notice the Risk/Reward Ratio (RRR) only allows you to lose your initial risk amount, which is a 2% or 5% depending on your risk appetite, basically how much can you afford to lose. 

Also notice how many losses at this rate you would have to have to negate your wins. It is 3. So you would need to win once to recover 3 consecutive losses. 

So in answer to the question ‘How much you can make?’, is another question right back at you. How much can you start with?  Only start with an amount that if you did lose it, it would not effect your life financially. Its okay if it hurts your ego, that is natural and you will learn to trade without ego as you get more experienced. 

On average, somebody who works full time, has children or other family commitments, around 5-6 months to complete. Based on 4 hours a week

Somebody who does not have these restrictions can shoot through it in around 2 months.

Look. We want you to succeed just as much as you want to succeed. We want you to say good things about us so we can grow as a business based on trust and recommendation.

We will be there every step of the way. You will have your personal mentor who can be reached by email, through the Facebook page and Telegram. We are working on other ways to make this even more interactive. A massive part of our growth model is having the best mentor service in the industry. In addition there is a forum to support you and you can reach your mentor by email. 

As the forum community grows there will be other learners who are at different stages of the course who can help. However, we are not there yet but please be assured that your mentor will reply to you almost instantly during business hours (UK time). Outside business hours we will prioritise replying to you as we want to make you feel supported on a personal level.

The course is split up into weeks. So week 1 has a subject and is split into several questions with a test at the end. The test is so we can ensure that you have understood the section and are ready to move onto the subsequent weeks lessons. 

Everything is evaluated throughout the course and you cannot move onto the next section until you meet the test pass criteria. We do this so students do not speed their way through the course and not take much in.

There are flashback sections strategically placed so you never forget something that you learnt a few weeks back.

Sometimes we introduce a subject and cover it briefly as an intro so you can understand the next section. We then go back to the same subject in-depth. Trust us, it works.

We have to maintain control and be certain that you are getting the knowledge that we have spent hours putting together. We are certain that you will be a successful trader if you just trust us and learn using our system the way we want you to.

You certainly can. I did it so I would never say you cannot.

However, without guidance I wasted a lot of time learning things that were unnecessary or not taught in full. There are thousands of strategies, teachers and indicators for sale that will take you off the right path. You will eventually return to the right path after trial and error, but you will not get that time back. Maybe you will just chuck it in. That would be a shame. Maybe success was around the corner.

Remember over 95% fail and give up. Its not an easy journey and I wish I had my course and this future me as a mentor when I started out.

This course is about you learning the right things from start. Saving you time.

You should purchase the course if you trust me and my journey.

The course is theory based so you can learn how to trade. We do use real market scenarios extensively throughout the course as examples but these are based on past scenarios as illustrations. So no, the course itself will not present any opportunities to earn while you learn.

However, as a VIP member you will have access to the GMG2 Fx market commentary & analysis service.  These are speculations about the future movement of the market based on technical and fundamental analysis. We do this so you can see the system you are learning working in a live environment without the benefit of hindsight. They are certainly not recommendations to trade.

Some teachers post ‘before and after charts’, after the event has happened saying ‘I predicted this last night’. Anyone can do that and they probably have different charts drawn out to cover them no matter which way the market goes.

If you are learning to trade then do yourself a favour and use a demo account for practice purposes only. Once you have completed the course and have a 70 – 80% win ration then start of with small accounts that you can afford to lose.  Then perfect it using your profits and maybe raise your risk level very slightly. 

We cannot see what you are doing with your trading account because you open it yourself with a broker of your choice. It is private, as it should be. Essentially it is your bank account. A bank account that has direct access to the market. We can only teach you to trade responsibly. As an adult the rest is in your hands. Trust me the markets will bite you if you do not know what you are doing and try to run before you can walk. Do not be fooled by lucky wins. I have been there. The market will take those lucky wins back from novice traders.