- Why trust Symax Fintech Academy with your training?Our mission at the Academy is to help guide and train as many aspiring traders as possible to help them become the best trader they possibly can be. We travel their journey with them to support them all the way and include our free weekly YouTube that helps them prepare for the week ahead, as well as a daily newsletter that includes global news, views and amazing chart levels.
- How do I start in trading?Many simply open an account with a broker and begin trading. Sadly, they soon realise there is more to trading than they expected. Trading requires training and plenty of practise (on a demo account) to develop into a trader. Consistency is key to becoming a successful trader.
- Which course is right for me?Every trading journing is unique, and this is why we discuss the various courses available to ensure everyone takes the course best to suited to their objectives.
- How do I learn trading?Many begin by watching endless YouTubes, which leads them to us as they become more confused than before!Its important to find the right asset class and trading style that best fits your character and risk appetite.Training from an expert (ours has over 40 years of experience) provides the best foundation to build your trading career on.
- How do I know if trading is for me?Unfortunately, this only reveals itself over time. However, our courses give you the best chance to discover if you have an `inner trader` waiting to escape!If trading is not for you, there are many other well paid careers withing the industry, such as compliance, risk management, broker, back or middle-office. The training will provide invaluable insight into these roles and make any interview less daunting on these subjects. Should this be the case, through our partner, we provide courses with certification from industry experts, to help you secure these new career opportunities. Contact us for details.
- What if I do not have the capital to trade?This is an issue for many looking to get into trading which is why we added a partner that provides funded accounts. All you need to do is qualify by passing their challenge and they will allow you to trade their capital, with accounts starting at $25k all the way up to $1 mn.Many attempt trading with a small amount of capital, however, this leads to tight stops which are regularly triggered, leading to a short attempt in becoming a trader.
- I am new to trading and do not understand the jargon used by traders and in reports.
This is why we created a free video on market terminology to help you. Register here and we will send it to you.
- How do I know which broker to use?Okay, so you have an understanding of trading, honed your trading skills and appreciate the need for managing risk, and now feel ready to trade live.So how do you get access to the markets? This is generally through a broker and there are many to choose from, with some much better than others!Before you consider a broker you need to decide whether you will trade CFDs or futures & options as many only offer one or the other. Other factors include pricing, products, fees, and customer support. We are happy to make suggestions if you need help.
- When do I know I am ready to trade live?This is the hardest question everyone looking to become a trader will ask themselves. One thing is certain, most believe they are ready before they really are!There is no exact science to work out the answer. Time has a part to play, ensuring you have gained sufficient screen time and practise on a demo account.Consistency is key, which is why we devised a special challenge to help those coming through our courses assess when they may be ready.
- Why do traders use technical analysis?Fundamentals determine trend and volatility and technical analysis assists with our timing. Technical analysis provides a visual representation of where the market has been (historical data), and where it is heading, helping us identify where to place our entries, exits and stop losses.It is essential to know how to draw accurate trend lines, as the slightest deviation can result in being stopped our rather than having a winning trade, or not getting the trade on at all.
- How to make the most of my training experience on a demo account?
The training should be organised, experimenting with multiple asset classes, a variety of trading techniques and discovering which suits your personality and risk appetite best. Use the experience to hone your trading skills and develop a trading plan.
