Frequently Asked Questions
Foreign Exchange (forex or FX) is the trading of one currency for another. For example, exchanging Australian Dollar to US Dollar.
The Forex market is the largest, most liquid market in the world, with trillions of dollars traded every day.
Retail trading represents only 5.5% of the whole foreign exchange market, with the majority of currency traded by financial institutions such as: commercial and central banks; investment managers and hedge funds; and multinational corporations.
BT Trading will provide you the knowledge to understand how these institutions trade and other factors affecting the market.
Pip is an acronym for “percentage in point” or “price interest point.” A pip is the smallest price move that an exchange rate can make on the forex market. Most currency pairs are priced out to five decimal places and the pip change is the fourth decimal point.
For Example, if the EUR/USD moves from 1.0717 to 1.0718, the .0001 USD rise in value is equal to one pip.
Forex is commonly traded in specific amounts called lots, or basically the number of currency units you will buy or sell.
A “lot” is a unit measuring a transaction amount.
When you place orders on your trading platform, orders are placed in sizes quoted in lots.
In general, investors seek to grow their capital over an extended period through buying and holding. Traders, by contrast, take advantage of both rising and falling markets to enter and exit positions over a shorter time frame, taking smaller, more frequent profits.
When trading in the forex market you’re basically taking a position in a specific currency, with the hope that there will be some strength in the currency, relative to the other currency, that you’re buying (or weakness if they’re selling) in order to make a profit.
Yes absolutely! The sky is the limit when it comes to potential profits in FX trading. But you need to be disciplined, have a trading plan in place and rules to follow, if you are not disciplined you will have troubles having consistent profit in FX trading.
We are an education company that provides a unique approach to foreign exchange (FX) markets. We do not use indicators or educate probability style trading. We understand that retail traders cannot control the way price moves in the market and understand who does control the market.
We enter and exit trades based off FACTS the market presents so you can very quickly and easily understand with clarity. With hundreds of hours worth of video and written content, there is priceless value of learning material available at your fingertips. We also have a global community, allowing you to converse with likeminded traders 24 hours a day, 7 days a week.
We do not use indicators. We educate true market structure, price action, institutional zones and much more.
Absolutely! BT Trading has members from all over the world. No matter where you currently reside, you are welcome to join us.
Our Senior trader sends out 1-3 trade ideas weekly, his live trade sessions average around 10% profit per week.
But we believe in if you are looking to becoming a full-time self-sufficient FX trader then you should not be seeking to just copy trades. We encourage mastering our strategy and becoming completely self-sufficient.
We recommend FXCM as they have a perfect correlation with the prop firms we get funded from so their is a perfect correlation when we are marking up our charts on tradingview to entering trades on funded accounts.
NONE! Here at BT Trading we strongly encourage our clients opening a 100k demo account and learning and mastering the strategy and your mindset without ever risking your own money.
We currently accept Visa Debit, Mastercard, American Express. You may choose your payment type at checkout. If you have any payment related question, send us at email at firstname.lastname@example.org
Absolutely! We send our content announcements via our community channel (DISCORD) We are currently in the works of an online forum and app that will be available soon.
Every Tuesday 8:30pm AEST, Brendan will go over the homework pairs he sent on Sunday and what potentials pairs are ready for the week. If you have any live education related questions, feel free to reach out to us at email@example.com
Our senior trader does two live trade sessions per week, normally one session is pre-London open and the other is pre New York open, the times and dates will be posted on our discord channel. If you have further questions about our Senior traders live sessions, reach out to us at firstname.lastname@example.org
Dr Gary does one session per month on the 10th of every month at 9:30pm AEST. If you have any further questions regarding Dr Gary, please reach out to us at email@example.com
All sessions will be recorded and sent to the BT Trading discord channel for you to re watch as many times as you want!