Frequently Asked Questions
1. How much time do I need to dedicate to trading each day?
This depends upon what style of trader you are or want to be. Some traders trade for just a few minutes per week on the Monthly, Weekly and Daily charts,. Others trade certain hours during the day on the lower time frame charts. Many trade Daily charts each day (40 minutes per day) and at the same time, also look at the 4, 6, 8 and 12 hour charts. So it really depends on your trading appetite. On average trading takes less than 60 minutes a day.
2. If you can make money from trading, why do you teach others?
I enjoy the contact and interaction with others who are keen to explore this industry. Trading can be a lonely business and meeting and helping other people in this industry is rewarding. I also find that to coach someone I have to know my own course and strategy inside out. Teaching others also helps keep my own trading disciplined.
3. Do I need any specific educational background or forex trading experience to utilize the Forex trading education and become a winning forex trader?
You don’t need any fancy qualifications or forex trading experience to enjoy the wealth of forex trading education and services on the PNG Forex Academy website. The sooner you start, the sooner you can become a successful and profitable forex trader.
4. Is it possible to start trading forex with a small amount of money or perhaps on a practise account?
Yes, it is. You can start trading forex with as little as $100. The availability of leverage enables small traders to open micro lot (1000 of a currency pair) forex trades with less than $15. This depends on the amount of leverage your broker offers, of course.
Traders who first want to acquaint themselves with the FX market before risking their capital, can open a free demo account with one of our recommended forex brokers and practice FX trading with virtual money.
5. What is the eligibility to join the PNG Forex Academy?
The PNG Forex Academy offers its course to all individuals, although the individual must have a good foundational education. That is at least high or above average grades in grade 12 level.
6. Why should I join PNG Forex Academy?
PNG Forex Academy's inception is dedicated to run interactive courses online and offline to PNG nationals who are unable to access this tra. Moreover, it gives you the opportunity to acquire the required knowledge and practical skills in Forex, which will help you during your Forex trading in real time.