Real answers for forex traders questions.
We have all been in a situation where we really wanted to ask a question but hesitated for fear of looking stupid, or worse still made to feel stupid. I urge to ask any and all the questions you want. I cannot promise I will always have the answer, but I can promise I will do my very best to pass what knowledge I have to you.
Please send in your own question if the answer is not listed here
How do I get started trading forex?
What are the best trading times for forex?
How much is PAT forex Software?
How much money do I need to get started trading forex?
Does PAT only work on the Forex market?
Is PAT a fully automated forex trading system?
Is the forex market data that PAT uses live and real time?
PAT charts look different are they difficult to understand?
How much time do I need to devote to forex trading?
Can I buy PAT Software outright?
Do I need your book trading for a bright future?
Can PAT be used for end of day forex trading?
How much money can I make trading forex?
What is the best Computer spec for trading forex?
Can I pay by Bank Transfer, what are your banking details?
Which are the best forex currency pairs?
Can you point me towards a good broker / spread betting service
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OK…How do I get started with the PAT online forex trading course and then the PAT software?
Once you have decided you would like to start, simply place your order for the online trading course, as soon as you have done this (usually by return) you will receive an online registration form. Here you enter you personal details, upon submitting of this form you will then receive your first online lesson.
You now start your course (the course starts at a very basic level for complete beginners, so be patient if you already have some skill level)
Over the next 14 days or so you will receive the CORE content of the trading course. During this time (as you progress further into the course) you will be given the opportunity to order the PAT trading software for the three months post online course period. (Even after the course finishes and you start trading live you will still be receiving further help and guidance in the form of extra videos and mailings.)
You are NEVER alone when you are part of the PAT software family of users.
After you have completed the online course the next step is to get the PAT software set up on your computer.
When you receive the PAT software, you set this up on your PC or laptop. You can use the trading software on more than one machine, ie say one at work and one at home but the system will only let you login on one machine at any one time.
The setup comes with full instruction videos on how to set the software up, the whole process should not take longer than 10-15 mins before you are looking at live markets on your own computer screen.
From here you would generally start what is called “paper trading” this just means that you start placing trades that are just written on your own note pad, ie these are not REAL trades, entered into the market, they are just to practice your skills without any risk.
As you start to learn more and see from your notes that you are making money (as shown by your paper trading records) you will then start trading for real directly into the market.
At this stage you will only be trading very small amounts of money. The idea here is to build your confidence, in how everything works and how money is made. Gradually as your confidence increases you then start to increase the amount of money you stake on each trade.
There is plenty of time to practice with a small account before you start trading at a higher level for significant gains.
So ….a recap on getting started.
- Order the online course.
- Work though that course over the next 14 days or so.
- Order and set up the PAT software on your computer.
- Start to “paper trade” ie apply what you have learned on the course and practice “without” risk.
- Hone your skills so that you are ready to trade for real money live.
- Start trading live with real money but at a small stake level.
- As your confidence and profits start to appear, increase your monetary stakes to a higher level for greater returns.
- Keep learning from the ongoing support and guidance that I provide via video and web postings.
- Settle to your own style and work times that suit you.
How much is PAT Software?
PAT trading software is a rented product, you cannot purchase PAT software outright. The monthly rental of PAT software is £197.00 this includes a live market data feed, ongoing training, guidance and support. See ordering the PAT online trading course for more details
How much money do I need to get started trading forex?
This is difficult question to answer as different people trade at different levels for different aims and objectives. You can open a starting account with as little as $500 but this would not offer much leverage. $5,000.00 on the other hand will give you a degree of leverage that will allow a higher (financial) level of trading.
Does PAT only work on the Forex market?
PAT is primarily used on the forex market, this is the market that is has been designed and optimised for. I would argue that to be successful one only needs a simple trading formula on one market. Forex being the most liquid market in the world makes this a traders dream.
Is PAT a fully automated forex trading system?
No. There is not a fully automated system on the market that is 100% effective regardless of what the promoters tell you. The so called automated systems often require the trader to hold open trades that are 100’s of pips/points out of the money. This maybe fine in the ‘play’ world of simulated trading and showing you historic’s, but in the real world this can be a devastating style of trading. The PAT strategy requires that you understand what you are doing. I will train you how to use the software in a professional manner, which will offer you the greatest chance of trading success. If you are offered a fail safe 100% automated trading system, put your hand on your wallet and run.
Is the forex market data that PAT uses live and real time?
Yes PAT charts the market in real time with live data.
PAT charts look different are they difficult to understand?
PAT charts are certainly different, but that should be viewed as encouraging that the software is not using outdated charting systems that have not changed in more than 100 years. Ok there is the old saying “if it ain ‘t broke then don’t fix it” but in this case candles or bar charts are not charting the market in the form that the markets truly exist in.
That form is a continuous stream of data. To make a trading decision in a single candle or bar chart is at the best high risk indeed and at the worst, bordering on disaster. After you have completed the PAT trading course you will be totally happy with the software and the advantage over other systems that you will have at your finger tips.
How much time do I need to devote to forex trading?
This is a common question and one that does require some consideration on your part. PAT software is intended for professional use. What this means is, a trader who is for the most part a trader. For example working a 9-5 job and then trading in the evening on markets around the globe that are active at that time, is an option to start out trading, but my opinion that cannot be sustained for long.
If you were trading on a professional level then you need easy access to your trading screens pretty much all the time you are considering your pending trades for entry, management and exit.
Can I buy PAT Software outright?
The only way you can purchase PAT outright is if you purchase the company. Offers considerably above one million sterling, would get my attention. But why do that? You can have PAT software and a live data feed working today on your desktop today for only £197.00 pm About £6.00 a day for a trading system that could provide you will all your trading ambitions. Once you have tried PAT you will never go back to struggling with out dated systems, or re-hashing strategies over and over again.
What are PAT forex trading results?
PAT is not a system. We have all seen the advertising that says. “If you had been trading our system this is what you would have made” These ’sales’ statements often omit to tell you that to have all the trades open that the system was trading is practically impossible. They will then say that you choose one or two markets and just trade them.
Then when you lose on those they default to telling you how well the system is doing on the ‘other’ markets. What you end up with is a system that is randomly successful on randomly, yet conveniently chosen markets.
So what of PAT results? PAT results will be dependent upon how you use it, this is most probably not the answer that you want to hear, but then I am not about to lie to you.
Most probably the best way forward for you to build confidence in what you can achieve with PAT is to look at what others have achieved and ARE achieving right now as you read this text.
You can read about what others are doing here.
Do I need your book trading for a bright future to trade forex?
No, but on the other hand it will explain to you every aspect of what PAT is about. It will also teach you the full BF trading strategy that is just as effective today as it was when the book was written several years ago.
Can PAT be used for end of day trading?
Yes, but this is not its intention. You could set your trades up for example, based on BF days. (My Book fully explains BF Days) Using this principle the software will give you good entry, stop positions and exit targets.
What are the best forex trading times?
Below you will find chart of best forex trading times.
Best forex Trading times
How much money can I make trading forex?
This will depend on how much initial start capital you come to trading with and how much time you devote to trading. With dedication and commitment to trading success, then financial freedom is and should be your goal. On the other hand you may only want to supplement your income. It really is up to you and how you see your future developing. One very important thing is that I am here to help, with a total training package and support via this web site and training videos
What is the best Computer spec for trading forex?
PAT software will run on less than we have shown below, but this is the minimum spec we like a user to have.
- Windows 2000, XP or Vista
- CPU of 2 Ghz or more
- memory 512 Mb or more
- free HD space 200 Mb
Can I pay for PAT via bank transfer and what are your banking details for making a transfer?
Yes you can pay by bank transfer. Here below are the bank transfer details you will need. Note that New Zealand has not adopted the BACS transfer method so you will need to use the SWIFT code as below.
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Bank Transfer Details
BANK NAME : The National Bank of New Zealand (also known as ANZ NATIONAL BANK LTD)
BRANCH NAME: Alexandra
ACCOUNT NAME: MJC TRAINING LTD
ACCOUNT NUMBER : 06 0921 0093555 00
SWIFT ADDRESS : ANZBNZ22
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Which are the best forex pairs?
The best forex pairs will offer the most liquid pairs (most liquid pairs really means the most actively traded forex pairs) So another person might ask which are the most liquid pairs to arrive at the same answer to the question which are the best forex pairs
These will include:
USD – EUR – JPY – GBP – CAD – CHF – AUD
So as an example you match up USDGBP and this will then be a forex pair that you trade.
If you are looking for a New Zealand or Australian service then use the link below.
Dealing Platform Demo Account for New Zealand and Australia Click Here
Question not here?
If you have a question that is not answered here then please drop me line and I will see if I can help.
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