FAQ

Frequently Asked Questions

Frequently asked questions and their answers.  Please feel free to read them all to get a better understanding of the industry and our platform. Don’t forget to also see our range of testimonials. These illustrate the true experience our learners are going through.  We look forward to welcoming you to our community and starting a new journey with you.

FX Basics

Forex ultimately is a global market where all currencies over the world trade. It is also known as forex exchange, FX or currency trade; it is the world’s largest market with a daily trading average of $6.5 trillion. A forex currency pair is the value of the base currency and the counter currency. A currency’s value can change depending on the economy’s strength, political stability, inflation, interest rate, trade balance, productivity, and risk.

Leverage is the practice of borrowing funds to increase the potential returns on investment. In the forex market, leverage can be utilised by investing with forex brokerages that offer margin accounts to their clients. A reminder that traders should not spend more money than they have when making a trade.

When you trade with leverage, you do not need to pay the full value of the trade upfront. Instead, a small deposit is put down, known as the margin. If you close a leveraged position, your profit or loss is based on the trade’s overall view.

Leverage can therefore magnify your profits. However, it also brings the risk of increased losses, including those losses that exceed your deposit. With leverage trading, it is essential to manage your risk through learning.

Pips is the term used to measure the movement in a forex pair. The forex pip is the moment of the fourth decimal place in a currency pair. For example, if the EUR/USD changes from $1.3531 to $1.3532, it is classified as a single pip. If the decimal place appears to be after the pip, it is known as micro pips or pipettes and represent a fraction of the pip.

However, there is an exception to this rule if the currency is listed in much smaller denominations, for example, the Japanese Yen. A single movement in the second decimal place constitutes as a single pip. Here, if there is a second decimal place movement, it constitutes a single pip. If EUR/JPY changes from ¥172.18 to ¥172.17, it has moved a single pip.

Currencies are traded in lots. These are batches of currency used to standardise forex trades. In forex, a typical lot is 100,000 units of currency. Otherwise, you can occasionally trade-in mini or micro lots worth 10,000 and 1000 units.

Independent traders don’t necessarily have 100,000 pounds, dollars or euros to use on every trade, so many providers offer leverage.

The forex market is mostly OTC (Over the counter). It happens either on the phone between banks and other participants or via electronic platforms. 3% of the trades are completed on exchanges. 

All currency trades are completed in pairs. For example, when you sell your currency, you would receive the payment in a different currency. Every traveller who has exchanged money to get foreign currency has taken part in forex trading.

An example of this is when you go on holiday somewhere in Europe, and you exchange pounds for euros at the current rate. You sell your pounds to buy euros. When you come back, you might sell your euros to get pounds.

A forex broker is an individual or a business that acts as the middle person in financial transactions. A broker would offer to buy and sell currencies for its customers and profit on the difference between the buy and sell rates.

Market makers and retail brokers are the two types of Forex brokers. Market makers offer to buy and sell positions. They act as market makers when a customer places an order on one side of the transaction. Often, market makers offer retail brokerage services to their retail customers. Retail brokers provide foreign currency trading to retail customers. Generally, they do not provide buy and sell currencies to one another.

GENERAL

We are an educational training platform that has a unique approach to trading in the forex markets. We do not use any indicators; we focus solely on price action (the markets’ true language), allowing you to see the market clearly.

We have an extensive amount of learning material, including videos and written content, available to help you learn forex safely. We are also a global community, allowing you to discuss your queries with other like-minded traders 24/7.

None! Our trading style is based solely on price action (the true language of the markets); therefore, no indicators are needed. Our charts are completely clean.

We currently cover FX. If you wish to apply our teaching to any other markets, we would advise you to do your own backtesting & research. 

Absolutely! Guerrilla Trading has members worldwide (115+ countries); this includes Europe, Australia, North America, South America, Africa, Asia, etc. Wherever you currently live, you are welcome to sign up and join us.

No, we do not. If you want to become a consistently profitable forex trader, you should not copy other traders’ trade signals. As An Alternative, you should grasp the skill for yourself to become self-sufficient. 

We are affiliated with VantageFX (link at the bottom of our website. A huge amount of our students use FXCM, Oanda and IC Markets. We highly recommend you take part in your own research to decide which broker works for you and the country you live in.

There is no minimum recommended amount; however, many of our students start trading with £1000 or more.

Many of our members can become funded traders by a third-party (FTMO) with whom we are affiliated with.

The amount of money you require actually depends on your trading objectives.  Most importantly, you should only use money that is allocated for trading. Don’t use the money you cannot afford to lose.  Having more money to start with can be advantageous.

At Guerrilla Trading, we offer two strategies, one for execution and the other for management. We also provide a friendly global online community to help you reach your trading goals.

There are many different ways to trade, and not all of them provide the results we as traders are seeking.  We can’t guarantee that you will follow our resources, but we will show you what is working for current students and other successful traders that have been where you are now.

Ultimately the end goal is to get you confidently trading with belief in your abilities and trust in your strategy.  Your improvement will be a direct result of your daily routine, your trade plan and practice.

Your success depends on your own commitment, confidence and drive when learning forex strategies.

Traders around the world have succeeded in using our education/strategies to make money. Regardless of your current situation or your level of experience, we provide the tools to help make your trading and income goals a reality.

We suggest that you take trading seriously and approach it not as a form of gambling but as a business. We have found that those who treat it as a business and focus on building their skills and practice often are likely to achieve success in the forex market.

Trading can be complex; however, we as traders need to simplify the process to become skilled at what we do. Like sports, if we are to elevate our skill and expect better results, each trader must accept that learning anything new or challenging will take some time to master their proficiency.

What makes Guerrilla Trading such a strong component to help with this is that we have spent significant time refining our strategies to make this an easy and comfortable experience in as little time as possible for you.  Our online training and virtual trading room are geared towards making the trading process simple to use and easy to understand.  We don’t crowd your screens with numerous indicators that aren’t necessary, and we teach strategies in a step-by-step process so you can gradually advance with a firm understanding.  Most importantly, we spend countless hours performing live market education and analysis, so you have the guidance that’s expected to learn how to apply your skills.

As professional traders, our primary focus is to approach this a successful business in risk management.  We ALWAYS use stop losses!  Trading without stop-losses is a form of gambling, and we don’t approach the markets this way EVER!

By combining stop losses, risk management, and money management, you can gain the confidence to have a sound trading plan.  This, in turn, gives you the ability to call yourself a risk manager instead of a trade—a much more suitable job title IN OUR HUMBLE OPINION.

Yes, it caters for everyone, from those without any prior experience to those who have been trading for years!

At Guerrilla Trading, we provide you with two trading strategies for execution and one for management & on top of this, we provide a super friendly online community to help you accomplish your trader goals.

There are many different ways to trade, and not all of them provide the results we as traders are seeking.  We can’t guarantee that you will follow our resources, but we will show you what is working for current students and other successful traders that have been where you are now.

Ultimately the end goal is to get you confidently trading with belief in your abilities and trust in your strategy.  Your improvement will be a direct result of your daily routine, your trade plan and practice.

The amount of money you require actually depends on your trading objectives.  Most importantly, you should only use money that is allocated for trading. Don’t use the money you cannot afford to lose. Having more money to start with can be advantageous.

Membership

Yes! We send frequent notifications on our community platform. Additionally, we will send you an email when there’s new content available.

Yes, we do. We offer one-on-one coaching to all current members. You can book sessions directly from the member page. You can tailor the session to suit your needs. If you have any questions relating to the coaching we offer, reach out to us at info@guerrillatrading.co.uk

The Midweek Recap videos are released every Tuesday and Thursday evening (UK GMT). If you have further questions about our weekly videos, email us: info@guerrillatrading.co.uk

The Week Ahead forecast video is released every Sunday.

You can then access our community via the mobile application or on our website.

If you have been a member before, then your previous account will be reactivated upon re-joining, so you can log back in.

If you are struggling to access our community, send us an email at info@guerrillatrading.co.uk

SUBSCRIPTION

Currently, we accept Visa Debit, Mastercard, American Express or PayPal. You can choose which payment method at the checkout.

If you have trouble processing payment with us, simply send us an email at info@guerrillatrading.co.uk. Our team will respond to you within 24 hours.

Yes, you cancel your membership on our website by navigating to the member’s area, account, subscriptions and select cancel.

Yes. When subscribing to one of our recurring subscription packages, the payment will be taken automatically on the next due date unless cancelled via your member’s dashboard.

If you have subscription-related questions, reach out to us at info@guerrillatrading.co.uk

If you wish to update your debit/credit card details, access the ‘Subscriptions’ page and then select ‘update’ on the right-hand side.

All of our content can be accessed through our website, simply go to the member’s area or click the link below to access our entire content instantly https://www.guerrillatrading.co.uk/members/.

We cannot provide you with an estimate. It all depends on the level of commitment and dedication to learning you are willing to make to perfect your trading skill.

Trading is not a get rich quick scheme and can’t be mastered overnight. If you are genuinely willing to learn the trading skill, you could potentially make great returns using our strategy. Joshua’s average for 2020 (during the COVID pandemic was 16.5% per month)

It is not unknown for students to generate returns upwards of 10% per month whilst also sticking to a 1% risk model.

Our refund policy is straightforward. We don’t offer refunds. If you wish to cancel before the end of months pre-billing, the credit will not be issued. Your subscription/service will continue to be active until the end of the billed monthly period.

Please see our terms of service https://www.guerrillatrading.co.uk/terms-of-service/

No, all our members use our online community forums.

No. We provide an education service, we teach our members how to become consistently profitable. Guerrilla Trading will never ask you for money, anyone asking you is attempting to scam you and take you money without giving you anything in return.

If ever you are uncertain, please email support@guerrillatrading.co.uk

These were the most frequently asked questions we have come across. We hope they answered all of your questions or any doubts you may have had. Our aim is to be as transparent as possible.  You can also watch some of our videos to learn more. As your journey progresses into the world of Forex trading, via our learning platform you will have a community to ask questions and even provide answers. This is how we build our community, we learn, share and grow together.  Additionally we host monthly catch-ups with teachers, mentors and members. In addition to weekly communication. It’s all about keeping in touch and helping one another.

All of this is created to reach out as the most transparent and simple Forex trading learning platform on the planet. As a result we have created a learning platform which is accessible from anywhere. Mobile, tablet and desktop. Did you know we are also FTMO affiliated? You can learn to trade and get funded too.

We hope to welcome you to our community soon so you can start your journey in learning the Forex trading market and trading safely. If after reading through our frequently asked questions you still need some insight, feel free to browse through our testimonials too!

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