Frequently Asked

1. Forex questions

The global market for exchanging one country's currency for another is known as the foreign exchange market, Forex or FX. With billions of dollars passing hands every day, the currency market is the largest and most liquid market in the whole world. It is not centralized, and no government agency is in charge of it. An electronic network of banks, brokerages, institutional investors, and individual traders instead makes up the FX market (mostly trading through brokerages or banks).

The process of converting one currency into another is known as forex trading, and it often occurs for business, trade, or travel. The daily trading volume for FX hit $6.6 trillion in 2019, according to a 2019 triennial report from the Bank for International Settlements (a worldwide bank for national central banks). Currency trading may be challenging and hazardous. Rogue traders find it challenging to affect the value of a currency because of the system's massive transaction volumes. Investors that have access to interbank trading can benefit from this system's contribution to market transparency. Before choosing a forex broker to sign up with, retail investors should take the time to study about the forex market and determine whether the broker is regulated in their country.

The abbreviation "Pip" stands for "percentage in point" or "price interest point." According to forex market convention, a pip is the lowest whole unit price fluctuation that an exchange rate may experience. A single pip is present in the last (fourth) decimal position for the majority of currency pairs. Thus, a pip is equal to one basis point, or 1/100 of 1%. For instance, the USD/CAD currency pair can change one basis point, or $0.0001, in full units.

You are placing a trade when you choose to purchase or sell on the currency market. Exchanging one currency for another is what it entails. A lot is the quantity of money that is traded in a currency transaction. Lots, sometimes referred to as the contract size, in forex trading refer to the size, volume, or amount of currency transacted. Lots, which you trade in defined amounts, represent the contract size's face value. Currency is purchased and sold in terms of lots, much like gold is exchanged in kilograms or ounces and gasoline is traded in terms of liters. Isn't that clear enough to understand? In order to describe lot sizes, normal, mini, and micro lots are frequently used.

A Forex broker is a private individual or business that facilitates financial transactions. In essence, a broker would propose buying and selling currencies for its clients in order to benefit from the spread (the difference between the buy and sell prices). Forex brokers can be either retail brokers or market makers. Retail clients can trade foreign currencies using retail brokers. In general, retail brokers don't make offers to purchase and sell currencies to one another. When a consumer puts an order, market makers operate as market makers on one side of the transaction by offering both buy and sell positions. A lot of market makers also provide retail brokerage services to consumers

2. General questions

The Forex Dictionary is an educational company with a unique strategy to approach the financial markets. We do not focus on news events and fundamentals but purely on technical analysis. This means that we will not use indicators but focus purely on market structure and price action, allowing you to view the market with complete clarity.

The headquarters of The Forex Dictionary is located in Belgium. Stijfselrui 50, 2000 Antwerp. You can visit us at the office from Monday to Friday between 09:00 - 17:00 (Belgium time GMT+1). In addition, we can still be reached by phone or email after office hours and on weekends! info@theforexdictionary.com +32 (0)3 3180600

Our focus is on forex, Indices, Commodities and Cryptos although our strategy can also be used in other markets. If you like to use our education on other markets, we recommend you to do the necessary research and backtest work for this. Does The Forex Dictionary offers signals? NO! Besides the fact that this is forbidden, we believe in the fact that if you want to become a consistent and profitable trader, you cannot become one by simply copying the trades of our mentors. Instead of copying, you will have to master the TFD strategy to generate an additional source of income.

The Forex Dictionary is not affiliated with brokers, but many of our clients use ICmarkets and Oanda. We explicitly recommend that you do your own research and decide which broker is best for you and the country you live in.

The Forex Dictionary has members from all over the world. For international clients, we offer all communication in English, and we also offer 1-1 guidance in Dutch and French. Wherever you live, you are welcome to join us.

There is no "minimum" to start trading although we do not recommend trading with less than 1,000 euros. Consistently profitable and eligible members of the TFD community may also have the opportunity to become funded traders through a third-party fund. The Forex Dictionary is not affiliated with third-party funds, but many of our clients use these funds to manage larger capital.

Definitely! All of our memberships include 1-1 coaching in which you have a weekly contact time with your mentor. If you have any coaching related questions, feel free to reach out to us by filling in a form or email us at info@theforexdictionary.com.

3. Membership questions

We only accept bank transfers. If you have questions about payment, please email us at info@theforexdicrtionary.com.

After completing a contact form for a TFD membership, 1 of our mentors will contact you. After the introduction and final payment, you will have access to our discord community and online education platform. If you need more help, you can contact the team through the chatbot or at info@theforexdictionary.com.

The Sunday Market Breakdown video is released every Sunday at 9PM (GMT+1).

In addition to the Sunday Market Breakdown, there are 4 live calls during the week at 20:00 (Belgium time GMT+1) in the evening. These livecalls are on Monday, Tuesday, Wednesday and Thursday and are recorded and posted on the website by 09:00 (Belgium time GMT+1) the following morning. Beyond the livecalls, we also post trade recaps. In total there are more than 250 hours of videos on the platform in which you will learn the strategy step by step. These videos are divided into different segments starting from the beginning to advanced theory.


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The Forex Dictionary

Stijfselrui 50
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