Home -> Forex FAQ
 
Forex Glossary
Forex News
CFG News
Forex F.A.Q.


What is the Forex?
How can I make money through the Forex?
When is the Forex market open for trading?
What is a margin account?
Why CFG vs. other companies?
What currencies are available to trade through CFG?
What are the start-up costs of learning how to trade?
Do you have a live trading station/is CFG a broker?

Also see Software FAQ


What is the Forex?

The Forex refers to the Foreign Currency Exchange Market in which more than 7,000 international banks and thousands of small and large speculators participate. Every day this worldwide market exchanges more than $3.5+ trillion in dozens of different currencies. : This exciting and rapidly growing financial market provides the entrepreneur with many trading opportunities.
 



How can I make money through the Forex?


Concorde Forex Group, Inc. offers a mentoring program to guide you through the steps of making money in the Forex. Either through group or individual training, you can learn to trade currencies, part or full time, with the goal of exceeding your present income in a very short time. Trading an average of two hours a day can earn as much as $2,000 to $100,000 per month, if executed properly. (Note: Past performance is not indicative of future results.) Traders should review the formal disclaimer found at the bottom of each page before they consider trading the forex.

Trading foreign exchange carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Top

When is the Forex market open for trading?

The Forex is open for trading 24 hours per day, Sunday evening through Friday afternoon.

What is a margin account?

A margin account is an account that you have with a foreign currency exchange broker that allows you to trade the Forex. The amount of money you have in your margin account is the amount that you have available to trade. You can start with as little as $50 in a live micro account, $250 in a live mini account or $2000 in a standard account.

Why CFG vs. other mentoring companies to learn to trade the Forex?
We believe that CFG offers a unique methodology that is not offered by any other company in the world. The CFG way is a "by rote" method of training which allows a new trader or an experienced trader to begin from the beginning and build a foundation to become successful. Our approach to trading provides traders a mechanical procedure rather than a traditional approach that is based upon smaller markets such as stocks or commodities.

Read more...

How many currencies are available to trade through CFG?

Currently, our charts will display the six major currency pairs: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/CAD, 15 other country combinations and more will be added in the future. The currency combinations that you can trade are dependent upon the currencies available from your broker.

Top

What are the start-up costs of learning how to trade?

The start-up costs include the cost of CFG's Forex training Seminar, funding your margin account with a live broker, and subscribing to CFGSmartCharts™ real-time charting software after your free-trial period has expired. There may be other expenses depending on the options you choose, such as husband/wife dual training, which is offered at a discounted rate, or other optional software subscriptions.

Does CFG have a live trading station and is CFG a broker?

CFG is not a broker nor do we invest your money. We are traders, a mentoring company and a software company. We supply you with many of the tools needed to trade Forex. We have brokers we recommend, but we will not hold you captive to any particular broker - your broker is your choice.

Top

Have any Question? Email Customer Service