Frequently asked questions regarding our in house training.

When can I start?

Training begins the first and 3rd week of each month

Are there set hours you want your traders committing to?

Not necessarily, since you are not getting a salary as a trader for us, we understand that some traders/trainee’s need to make a living. Our office is open and staffed with trainers 24 hours a day from Sunday at 2pm through Friday at 4pm. We hold market meetings throughout the course of the trading day. Meeting times vary due to market movement and economic events. We only ask that you be in the office 17 out of 20 trading days during your month of training and make time to trade/train when Andrew Spanton is in the office. He is usually in from 8am to 10pm EST but is always in constant contact with the trading room, especially when a major event is on the calendar.

Will there be classes during the training period?

Not many. Firstly we believe that trading is a hands on experience. You can do all the studying in the world but nothing beats demo/live trading. The only way to overcome mistakes and bad trading tendencies is to trade, period. Learning from those mistakes is your job as the trader. Our trainers will review your trading and critique what we feel you need to do better but you can lead a horse to water but you cannot make them drink! We have the live traders in the same room as the trainee’s so there are always things one will pick up. Andrew Spanton is on the trading desk when he is in the office and when there are things that are important from a training perspective either from a technical or macro economic level, he points them out. Trader trainees are given the tools necessary to learning and being a knowledgeable trader in the Spot FX market We will give you trading ideas and strategies that have a high probability of success but your job as a trader is to identify when they may not work.

When can I trade remotely?

After your 2nd month of live trading from our office. We do reserve the right to take away this privilege at our discretion. All traders that trade remotely for our firm must always be on instant messenger when trading our funds. Violations of rules like this will lead to a revocation of remote trading privileges. Remote traders do not have to pay the desk fee.

Do you really guarantee a firm Trading Account after 1 month of training?

Absolutely, all you need to do is be here 17 out of 20 trading days in your month of training and have a 1 on 1 interview/review with Andrew Spanton to make sure that you grasp and understand what you were taught.

How long does it take to get more capital from Global FX Remote Group, LLC?

That completely depends on the trader trading for us. We review traders performance’s at the end of each month, if we feel they have shown good discipline, good money management, lets profits run more than losing trades, then we will give the trader more capital. Should the trader feel they deserve more capital we are always willing to review a traders track record at their request.

When do traders get paid?

All traders get paid on a monthly basis. Checks are cut the 15th of the following month’s trading. Traders must be net positive in order to receive their share of profits.

Do I have to pay the desk fee every month?

Yes. All traders that trade from our facility pay the desk fee. We do allow pre payment of 3 months for $1,000 USD or $500 per month. For traders that trade their own account through Global FX Remote Group, LLC with FXCM there is no desk fee if they trade 4 Million Dollars in trades per month. Remote traders do not pay any desk fee.

Will you fund a trader if they demo trade their system at your office?

As long as it is a day trading system, then yes it is a possibility.

How much leverage do you give your traders?

All our traders start on a mini account with 200 to 1 leverage(*). This does not mean that traders will use this leverage but they do have the ability to utilize it when they deem necessary. All traders are given a daily loss limit, once this limit is hit, the traders account is frozen and all open positions are automatically closed. This daily loss limit is a special function our market maker has made for firms like ours. Most traders start out with a $500 account with daily loss limits of $100 USD.

What is the percentage payout you give your traders.?

Traders that go through our training here at the office are given an initial amount of capital to start, at a minimum, $500 USD. Traders receive 90% of the profits from trading this initial capital. ANY ADDITIONAL FUNDS PROVIDED BY GLOBAL FX REMOTE GROUP, LLC, are split 50-50. Traders that gross over $250,000 in 1 year are given a 10% bonus and those that gross over a million are given a 20% bonus on their 1 year anniversary.

What kind of charts do you use?

FX Trek Intellicharts, professional version. You can demo the charts for 1 week at www.fxtrek.com.

Do you guarantee that a trader will make money if they train at your facility?

Absolutely not! In order to be a good trader, in our opinion, is to be able to admit one is wrong in a trade and try to limit the losses in said trade. This sounds simple but in fact we feel it is the biggest problem for traders and the biggest hinderance to many of our trainees making money. The best traders in the world do not care if they are right or wrong. THEY CARE ABOUT MAKING MONEY. This means, at times, changing your game plan. Even if you know you will be eventually right do not fight the market if it is telling you otherwise. Look to get back into the trade when the market is going the way you thought. This, we feel, is one of the most difficult obstacles traders have; overcoming internal demons. This is trading 101 and applies to trading any market. A trader can’t statistically be right 100% of the time, the best traders know when to press and know when to call it a day. The losing traders do the opposite. This unfortunately is something very hard to teach. We cannot change the way a person’s disposition is or how they were raised. Know it all’s, in our opinion, do not make good traders! What we do guarantee you is that you will learn the FX market, what makes it move from a technical and macro economic approach as well as how to trade on economic numbers and events. We will give you all the tools you’re job is to do the work!

(*) Leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains