FAQ
Q: Why bother to teach others at a fee or even sell a book when you are already making a killing as seasoned & active traders?
A: As you should know by now, forex trading is a very solo & exclusive business & trading is indeed our passion. To us life is about positive impact. No matter how much money you are making, you can’t find real fulfillment until you reach out to others with your money, skills & expertise. That is why at hot-pips.com, teaching & mentoring others is what we love to do.
Also as we teach & mentor others, we in return become better traders since what ever you give invariably comes back to you.
Q: How can I start trading?
A; Enroll for our 1-On-1 Swing or Intra-Day Training Program depending on your regular job schedule or the trading style that best suites you. Open a demo account and trade there until you become consistently profitable, confident and have a coherent trading system.
Q: Do I need to have any special educational background in order to be successful trader?
A; Not at all. Successful traders come from many different professions. Simplicity is our style. Our training programs are designed in an easy-to-understand manner. Anyone can learn it. All you need is average intelligence to learn the course content and self-discipline to follow rules.
Q: Does your course assume any prior trading knowledge?
A: No. We start from the very beginning.
Q: How long does it take to complete the course?
A: 5 days.
Q: How much can I expect to make?
A: There is no way to know as there are too many factors to consider like... Your ability to handle risk, ability to handles losses, ability to follow instructions without adding your own rules etc... Also the amount of time you spend watching the markets, amount of trades taken, whether you are aggressive or conservative are all factors that change the results.
Q: How much do I need to risk on a trade?
A: That is largely due to what time-frame you are using. As a rule of thumb the bigger the time-frame the more you have to be willing to risk. On the other hand, bigger times will offer greater profit potential. We generally recommend that you keep your stop loss between 20-30 pips for Intra Day Trading while for Swing Trading on the daily chart, stop loss could be as high as 200 pips but with a very high win:loss ratio & we sometimes trail our stop loss as the market makes new lows or highs depending on the direction we are trading
Q: What will I get when I enrol for your course?
A: Aside the knowledge & skill you will acquire, you will become a member & a mentee of hot-pips.com where you will get support, advice & tips/ideas to help you with your trading
Q: How much can I make on a trade?
A: @hot-pips.com; we go for hot-pips. Our three profit target levels are: 100 pips, 200 pips & 300 pips for Swing Trading while for Intra Day Trading, our profit targets are: 20 pips, 40 pips & 60 pips.
Q: Can I start trading part-time while working full-time?
A: This is highly recommended especially when you have a regular job you love before committing to full time trading. For those without a regular daytime job, we recommend they trade full-time with both our Swing & Intra-Day trading system
Q: How much money do I need to start trading?
A: Though we recommend starting with at least $1000, you can start trading Forex with as low as $300. Several Market Makers (FX Brokers) offers flexible leverage and contract sizes, which are powerful features to have, especially for beginners.
Q: What currency pairs do you mostly trade?
A: We concentrate on the major pairs (EUR/USD, USD/JPY, GBP/USD & USD/CHF) because they offer good liquidity due to their large turn over.