Frequently Asked Questions

FOREX

What is Forex Trading?

Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world’s currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $6.5 trillion. In forex, a currency pair is the value of one currency (the base currency) in terms of the other (the counter currency). A currency’s value is based on the strength of an economy, political stability, interest rate, inflation, productivity, trade balance and risk.

How does forex work?

The foreign exchange market is primarily over-the-counter (OTC.) It occurs either via electronic platforms or on the phone between banks and other participants. Only 3% of trades, mostly futures and options, is done on exchanges.

All currency trades are done in pairs. When you sell your currency, you receive the payment in a different currency.Every traveler who has gotten foreign currency has done forex trading.

For example, when you go on vacation to Europe, you exchange dollars for euros at the going rate. You sell U.S. dollars and buy euros. When you come back, you sell euros and buy U.S. dollars.

What is a forex broker?

A Forex broker is a person or a company that acts as a middleman in financial transactions. Basically, a broker will offer to buy and sell currencies for its clients, and make a profit on the spread (the difference between the buy and sell prices).

There are two types of Forex brokers: retail brokers and market makers. Retail brokers offer foreign currency trading to retail customers. Retail brokers generally do not offer to buy and sell currencies to one another. Market makers offer both buy and sell positions and act as market makers on one side of a transaction when a customer places an order. Many market makers also offer retail brokerage services to retail customers.

GENERAL

What is EvolveFX?

We are an educational company who have a no nonsense approach to trading the Foreign Exchange (FX) markets. Founded in 2019, our aim is to remove the confusion surrounding trading and to open up the opportunity for ANYBODY to come an learn. By teaching the skills, strategy and habits of professional traders, both retail and instituational. 

There is no better place to learn. 

Do you offer free trade signals?

No, we dont. We don't offer signals because they teach you absolutely nothing. There are plently of free signal groups floating around, you may have experienced some for yourself. With the same outcome. You lose money. These groups are FREE becuase they're S***. But you don't need us to tell you that.

We offer the education and then we offer the mentorship to help you become an independant trader. That's why we do what we do.

Signal groups won't last foerever, the knowledge will.

Can I join EvolveFX in my country?

Absolutely! The EvolveFX community spans over 100 countries, this includes: Europe, Australasia, North America, South America, Asia, Africa and so forth. No matter where you currently reside, you are welcome to join us.

How much capital should I start trading with?

Although there is no minimum recommended amount, many of our students begin trading with £1000 or more. Eligible members of the EvolveFX community will also have an opportunity to become funded traders by a third-party fund exclusively through EvolveFX.

Can the EvolveFX strategy be applied to other market types?

We currently cover FX, Indices and Commodities. Should you wish to apply our teachings to any other markets, then we would highly recommend that you conduct your own backtesting & research.

MEMBERSHIP

What payment types do you accept?

We currently accept Visa Debit, Mastercard, American Express. You may choose your payment type at checkout. If you have any payment related question, send us at email at info.evolvefxc@gmail.com