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3. Advance Questions

What strategy do you use to trade the market?

While most instructors won’t reveal all of their trading secrets, they should provide the main points of their trading strategy.

How do they analyse the market, determine the entry and exit points and what’s their trigger to enter into a trade? A good Forex trading coach should be able to answer these basic questions without hesitation.

The strategy used by your coach can also reveal a lot about their trading style. If they use a lot of fundamentals, he may have a longer-term trading approach based on the daily or weekly chart. On the other hand, coaches who rely primarily on technical analysis can be both longer-term and shorter-term traders. It all depends on their trading edge.Pro TipDon’t try to copy your instructor’s trading strategy. Trading is much more than a set of rules, and a specific strategy may prove ineffective if used by different types of traders.

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