FAQs
- Thomas Trades LLC advocates that it is easier to teach someone from scratch rather than to retrain. Retraining is a big challenge, removing old habits is very difficult. Yet not impossible.
The program contains a separate chapter for beginners. Where all most commonly asked questions are answered - what is a candle, a trend, a flag, a channel, a short, a bid, an ask. As well as - who are the sellers and buyers, how to choose a broker, in which market to start, and much, much more.
According to the experiences of our students, even those whose level before training in the program was equal to zero - achieved the desired results. Thomas Trades LLC provides a lot of simple training solutions for beginners; therefore, anyone can succeed in the financial markets. All it takes is persistence and proper mentorship.
Certainly. The trading plans includes one on one sessions with Thomas Trades LLC. During those sessions, Thomas Trades LLC will answer all your questions, offer feedback on your trades, and will review your trading algorithm.
Also, traders are assigned a personal assistant who will be available almost 24/7 to answer any questions related to the trades.
You will have to work hard with your trades, analyze errors, write your trading algorithm again and again. That will enable you to have a fighting chance at the financial markets and get a taste for financial freedom.
Of course. The program is designed in such a way that a fifth-grader will be able to understand the material. In the learning process, you will receive step-by-step instructions and simple tools that you can immediately apply in your trading.
This does not mean that everything will be simple. But with great desire and a responsible approach to learning, you will succeed.
The trading strategy taught by Thomas Trades LLC works within absolutely any market and does not depend on any particular timeframe. Selecting a market and/or a timeframe comes down to personal preference. However, Thomas Trades LLC does recommend a few markets and timeframes for beginners.
The main difference of this program, compared to online trading courses, is high profitability with relatively low risks. The strategy has been tested by time and market fluctuations, so any trader will always be to trade any market.
Therefore, it does not really matter which market you trade or on which timeframe you use. You will receive a whole set of rules and tools for safe trading in any market.
If you have not decided which market to trade or want to change - problem. Thomas Trades LLC will tell you the pros and cons of trading in wast number of markets, and you will choose the one that is right for you.
You will get full support from the Thomas Trades LLC team. You can email us. It will be our priority to respond as soon as possible (during working hours of support).
Also, each trader is assigned a personal assistant, who answers all your questions throughout the program.
Trading small volumes at the very beginning of your trading journey is absolutely normal, and even recommended. It is the best way to learn and polish your trading skills.
As soon as you are making consistent profits, you should increase the volume.
But you need to do this competently and without undue risk. Giving risk management and money management the utmost respect.
This is precisely what you will learn to do together with Thomas Trades LLC and his team of assistants.
Sure. Scalping is one of many styles of trading out there, and it will be covered in the program.
You will see and learn a lot from Thomas Trades LLC. Therefore, you will find out all the intricacies of trading and choose an approach that is most suitable for you.
Well, that depends. A lot of people see it as such. That's for sure. And yes, luck does play a small role in trading. But the size of that role always depends on the level of your knowledge. Thomas Trades LLC leaves luck out of it. But its normal to get unlucky here and there. Trading is one of the most complicated jobs there can be. And Thomas will never hide it from his students. People tend to spend a minimal amount of time on education and just jump into trading with real money. Of course, they will lose it all fast and later say that trading is gambling. Its really not, but for someone who is treating it like a real job and not a hobby.
There is a big difference; however, no worries, you will learn both! Day trading means trading many times per day products with high leverage such as futures, Forex, crypto, penny stocks, etc. Long term trading (investing) is mostly trading stocks and other similar products on a long term basis. Thomas has years of experience in both; however, he started with day trading, and there are many reasons for that. Long term investing methods require a lot of capital. At least $100,000 - $1,000,000. And you might expect to make 20-30% per year if you are lucky, which is almost pointless with a small trading deposit of $3,000 or even $25,000. But there is a positive side - the amount of risk. There is a lot less risk involved in long term investment strategies. Day trading, on the other hand, is very risky. And yes, a lot of people lose a lot of money day trading. It's brutal, and it's hard. But the positive aspect is that its enough to start with 1,000. But again, it is really easy to lose money in day trading. However, having proper education will enable you to avoid every possible pitfall.
Thomas does not recommend trading Forex for many reasons, which are discussed in the program. However, you will learn how to trade any market, including Forex. Thomas teaches how to understand, explain, and predict any market. Almost every market works the same. So it comes down to personal preference.
You will learn an active style of trading that does not require a huge financial commitment. Thomas recommends starting with around $2k-5k. But you could start even smaller. As small as $500. But with such small amounts, you will be bound to trading Forex.
It is an online program; therefore, it is possible to start at any time.
Yes, of course.
As a full-time trader, you would need to be in front of the screens when you trade at all times. In the beginning, it would be enough to spend 1-2 hours per day. But when you start trading with money, you should work a lot more. When Thomas trades, he trades from 9 am till 9 pm or later. So its a very serious job. But that is not necessary for the beginning. Investing is a bit different though (you will learn both). Building a comprehensive portfolio takes time; however, it requires a lot less effort to manage it afterwards (compared to active day trading). Therefore, you will have a lot more free time if you end up going for the investing strategies.
Yes.
If you pay attention throughout and start trading precisely like Thomas is teaching, you will make money. But it is your responsibility.
Absolutely not.
Every student has unlimited access to Thomas Trading Community. Yet it is not a chat room. Thomas does not believe in chat rooms because they are mostly used by the owners to manipulate the markets and scam people out of their money. Thomas has created the Thomas Trading Community for the sole purpose of sharing experiences and interacting with fellow traders. So there will be no non-sense investment advice in there.