Frequently Asked Questions

Faq for Forex
Q1. What is Forexassociation?

Forexassociation is an information station for traders, focusing on providing traders with high-quality market analysis, in-depth insight, and live market updates 24/7. We focus on forex trading, commodities, indices, and cryptocurrencies. We also provide real-time trading signals on instruments in these asset classes.
Besides our excellent trading signals, we have an extensive knowledge base for traders which includes the best forex trading course, an extensive forex trading strategies category, and our Learn Center.

Forexassociation’s team of professional traders and analysts combine their market expertise to bring you the following benefits:

Live market updates covering the global trading sessions around the clock.
1. Top free- and premium forex, commodity, stock index, and cryptocurrency trading signals.
2. Numerous forex trading strategies.
3. A powerful Learn Center with a variety of trading concepts and info covering different financial instruments, trading platforms, investment options, forex brokers, forex trading tips, etc.
4. The Chweya Academy.

Q3. Can I use Forexassociation’s trading signals and forex trading strategies for free?

Yes, you can! To use our free forex trading signals simply visit our forex signals page where you will find details of the latest short-term and long-term trading signals in the signals terminal. We also have a premium forex signals service which offers additional benefits that include email and mobile alerts for trading signals.
Forexassociation’s forex trading strategies can be used free of charge. Visit the link above to find a variety of trading strategies including fundamental, technical, and popular forex trading strategies.

Q4. Do I need any specific educational background or forex trading experience to utilize FX Leaders’ 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 Forexassociation website. The sooner you start, the sooner you can become a successful and profitable forex trader.
Even if you don’t know anything about forex trading, you can quickly become involved in this amazing market. For example, inexperienced traders can easily follow our profitable forex trading signals without worrying about technical analysis or market timing. This is a great way to take advantage of the expertise of our seasoned traders and analysts while learning the details of forex trading yourself.

Q5. I would like to begin trading forex and use your trading signals. Where do I start?

1. You can start trading in no time by taking these simple steps:
2. Open a forex trading account with one of our recommended forex brokers.
3. Deposit your initial capital into this trading account.
4. Visit our forex signals page and copy the trade signals into your personal trading account.

Q6. I would like to be a professional forex trader. How can the Forexassociation Trading Guide for Money Makers help me to become a pro FX trader?

This powerful forex trading course offered by Chweya contains 11 chapters of handy trading information which covers a wide range of topics.
In this guide, you will learn basic and advanced forex trading terminology, how to apply technical and fundamental analysis, how to use all kinds of technical indicators, how to discern between different market structures, how to apply Elliot Wave theory and much more! You will find everything you need to become a professional forex trader in our superb forex trading guide.

Q7. I’d like to start trading forex and other instruments like commodities, indices, and cryptocurrencies. I’m also interested in social/copy trading. Can you please help me to find a reliable broker?

Absolutely. Guiding prospective traders in finding the best forex broker suited to their individual needs is one of Forexassociation’s top priorities. We know that it is critical to team up with a trustworthy broker who offers reliable trade execution combined with an easy-to-use trading platform and good trading tools.
To find the right broker for your specific trading needs, take a look at our recommended brokers page where you will find exceptional forex brokers who offer competitive spreads on commodities, currencies, indices, and cryptocurrencies. Some of these brokers, like for example XM and eToro, also facilitate social trading.

Q8. What is social trading?

Social trading takes place on modern online trading platforms that facilitate both copy trading and social interaction (centered around trading/market information) between the different users of these social trading platforms.
On social trading platforms, like eToro, trade ideas and details can be shared effortlessly between members. Investors and traders can also automatically copy the trades of experienced popular investors into their trading accounts by simply allocating portions of their trading capital to these individuals.

Q9. How can I get involved in trading or investing in the forex, stock index, and commodity markets? (What are the different approaches to making money from these asset classes?)

1. Trade with live trading signals/trading alerts.
2. Learn to trade these instruments yourself.
3. Social/copy trading – copy experienced traders’ trades directly into your trading account.

Q10. How can I effectively manage the risks associated with forex trading?

One of the most powerful ways to mitigate the risks associated with forex trading is to equip yourself with concrete forex trading education. If that’s what you have in mind, you’re at exactly the right place. Chweya Academy’s Learning Center is packed with valuable information regarding forex trading and investing. This includes our forex trading course, forex trading tips, forex trading strategies, forex risk management, and much more.
Another powerful way to sidestep many of the risks posed by forex trading is to follow and copy experienced traders. Whether it be applying Forexassociation’s forex trading signals or copying popular investors (copied traders) on social trading platforms, taking advantage of hardened traders’ expertise offers many advantages.

Q11. How much money can I potentially make by trading forex, stock indices, and commodities?

The sky’s the limit! These markets offer highly liquid instruments that trade in large volumes. This makes it possible for traders to execute massive trade positions with little or no slippage. This is an amazing benefit that allows the average retail trader to build a highly scalable online business that will probably never run out of buyers and sellers.
Of course, to make money in the forex, commodity, and other markets requires determination and proper trading education if you’re going to do all the trading yourself (copy trading and following Forexassociation’s trading signals is much less intensive). If you’re looking for top-class trading education, a good place to start is Chweya Leaders’ Learn Center.

Q12. I can’t spend hours watching Forex charts every day. Is it possible to trade forex with limited time available?

It is indeed! Many successful forex traders do end-of-day trading, or long-term trading, which doesn’t require much time at all. Even with an 8-5 job, you can still achieve considerable results trading FX in this way.
Of course, there are other ways to trade forex if your time is really limited. One of these ways is to use our premium forex signals. Another way is to engage in social trading with a social broker like XM. With social trading, the trades of experienced traders are automatically copied to your trading account. This saves you a lot of time because you don’t need to look at charts or do market analysis at all!

Q13. Is it possible to start trading forex with a small amount of money or perhaps on a practice account?

Yes, it is. You can start trading forex with as little as $100. The availability of leverage enables small traders to open micro lots (1000 of a currency pair) for 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.

Q22. What are the advantages of trading forex in times of political and economic instability?

Some traders like to short (sell) stocks when instability weighs on capital markets. Although this sounds like a good idea, it carries much more risk than buying (going long) stocks. This is because the maximum payoff on a short stock trade is 100%, which occurs when its price falls to zero. On the other hand, the potential loss on a short stock trade is theoretically infinite.

Contrary to this, whether a trader goes long (buys) or shorts (sells) a currency pair, the maximum loss on both sides is 100% while the maximum gain is theoretically unlimited. Thus, whether you’re buying or selling a currency pair, you don’t face the risk-to-reward ‘imbalance’ associated with shorting stocks. This makes forex trading more flexible and less risky than trading stocks in times when stock markets are at risk. Another advantage of trading in the forex market is the immense liquidity it offers, especially with the major currency pairs.

Q35. Can cryptocurrencies be copy-traded? And do you know of a good cryptocurrency social broker?

Absolutely! Like all other traded assets cryptocurrencies can be copy-traded. Take a look at our eToro cryptocurrency review. eToro is the world’s largest social broker and currently offers 7 different cryptocurrencies and allows you to copy numerous popular investors’ crypto (and other) trades for free.

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