Frequently Asked Questions
What is the Forex market?
It’s a decentralized, non-stop financial market in which currencies from around the world are traded. Each day, approximately $5 Trillion worth of currencies change hands. Retail traders participate in the market by speculating on small increases and decreases in exchange rates.
What is CurrencyNinjas.com?
Currency Ninjas is a premier Forex coaching and education company.
We teach a proprietary, high-probability approach to technical trading that enables traders to trade in sync with the major market participants on all time frames. Our methods are applicable to any market, but we focus on opportunities in the foreign exchange market, otherwise known as Forex.
What do you mean by “major market participants” and what do you mean by trading in “sync” with them”?
Good Question. The major players in the Forex market are governments, central banks, major private banks, sovereign funds and hedge funds. These well-connected, deep-pocketed market participants have access to fundamental and other information that is unavailable to small retail traders or becomes public only after the market has already moved. Not all of these players have the same information, nor do they react to information in the same way. But through informed observation of higher timeframe charts, it is possible to detect their consensus opinions and intentions regarding longer-term price moves.
Currency Ninjas teaches proprietary methods to detect these moves early in their development and to take high-probability trades along with them – and in front of most other market participants as they join the unfolding trend.
That sounds great! How do I learn to trade this way?
Aspiring Currency Ninjas traders should go to our Membership Signup page and enroll in our program. We’ve explained everything in detail so that you can make the decision that’s right for you.
I will visit the page in a moment, but can you help me narrow down my choices?
Certainly. If you are new to trading, we recommend that you start with our Price Action and Harmonics course. That’s because our proprietary Currency Ninjas approach is layered on top of these universal and timeless trading methods.
After completing this course of study, you will be prepped and ready to begin the Currency Ninjas course. For each of the courses, you can choose to learn through Group Coaching or Self-Directed Online Study.
Graduates of our Currency Ninjas course can progress towards advanced One-on-One Currency Ninjas Mentoring program. This program encompasses a one-on-one course of study, just you and the instructor, that will enable you to elevate your trading to a truly elite level.
We explain all the course options in detail on the Premium Education page.
Do your methods work on other markets?
Absolutely! In every market, including stocks, gold, and oil, there are major players who are able to move price when they want to. And in every market, there are occasions when the goals of the major players align, resulting in significant trending action. Our methods will enable you to front run these moves, no matter where they occur. All the information you require to find high probability trading opportunities is right there in the charts.
How does your Live Trading Room fit into the picture?
The Live Trade Room is a dynamic, interactive environment, where we call live trades based on the methods taught in our courses and seek to reinforce for our students the learning they are acquiring in our study courses. All trades are called with entries, stops and targets.
The room is open from Monday to Friday (except holidays) from 7 AM EST to 11 AM EST.
Anybody can subscribe to the Trade Room for the monthly fee of $549. There’s no obligation to also enroll at Currency Ninjas as a student. Typically, however, non-students who sign up to the room go on to enroll in our courses – because they want to acquire the skills to trade like the Trade Room instructor!
For Currency Ninjas students, subscription to the trade room is not a requirement. But we believe it is an important part of the learning process. To encourage students to sign up, we offer them subscriptions at the discounted rate of $100 per month.
How many trades do you call out each day in the trade room?
That depends on the market. Typically, we can identify at least six setups that meet our requirements. Sometimes there are more, but we try not to call too many, because it can lead to confusion and poor trading decisions by our members.
Which pairs do you follow in the trade room?
For the most part, we focus on the majors: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD and USDCAD. But we also watch and trade when opportunities arise the less-liquid crosses, including NZDUSD, EURCAD, EURJPY, GBPJPY, GBPCHF, GBPAUD, GBPCAD, EURGBP and EURAUD.
Do you trade the news?
Yes. We look to profit from the volatility generated by news announcements.
Do I need any special background or qualifications to take your courses?
A basic understanding of technical trading and the Forex market is helpful but not required. You must, however, possess drive, determination, open-mindedness, patience and the ability to develop and follow a plan.
What is your Swing Trade service?
We provide set-and-forget ideas for swing trades based on price action and harmonics as a paid service. Every swing trade we post includes entry level(s), stop levels and profit targets. The fee is $249 per month for Swing Trade-only subscribers and $179 for subscribers to our Live Trade Room.
There are four signup options on your site: Free Education, Premium Education, Live Trade Room and Swing Trades. My head is spinning. Can you explain?
Sorry for the confusion, but there is no simpler way to present our offers. The issue is that we must keep separate databases for each of our subscriber groups.
Here’s what you need to know:
- The Free Education option provides access to free course material, including numerous trade videos, that will get you started on your journey to becoming and successful, independent Forex trader.
- The Premium Education option is for subscribers to our paid education program.
- The Live Trade Room option is for non-students who wish to sign up to our live trading room.
- The Swing Trade option is for subscribers to our swing trade service, wherein we provide ideas.
What is your Trade Analysis service?
We regularly analyze the markets, with an emphasis on the major pairs, and post our thoughts as reports. These reports typically have a weekly, daily or intraday focus.
- Free members can access only our Weekly Trade Analysis reports.
- Paying members can access all of our reports.
I forgot my password. What should I do?
Click here to recover your password.
After you fill out the form, you’ll receive a password recovery email at the address you used when signing up. Some people sign up to our different services using different emails. If the password recovery email does not arrive in your inbox within a short time, be sure you are checking the correct inbox. Also, check your spam filter as it could get trapped there. If all else fails, contact our Support Desk[LINK] for assistance.
If I enroll in your education program, do I need to use a particular broker?
The instructor uses IBFX for teaching purposes, and we ask students to open an account with IBFX as well. A demo account is sufficient. The reason, as you may have guessed, is that every broker’s price bars differ to some degree. This leads to problems during instruction, since the instructor and students could at any time be looking at slightly different opens, closes, highs or lows.
Do we also need to use a particular charting program?
The instructor uses MT4 and, ideally, you should too. The reason is that, in our Currency Ninjas course, we provide a set of indicators written for the MT4 platform. You’ll definitely want to be able to put them on your chart.
Why do you qualify applicants to your education program?
For two reasons.
First, we want to ensure people know what they are signing up for. The courses are demanding and people must be prepared to put in the work required to keep up, both for their own good and to avoid slowing down other students in the Group Coaching programs.
Second, our interest is in connecting with and supporting independent retail traders. Trading is a tough business for the little guy or gal, and we see ourselves reflected in every struggling trader trying to make it. Our proprietary methods can give them an edge, and if they are willing to invest the money and effort in our program, we’re pleased to see them succeed.
Traders at brokerage firms, hedge funds and banks could also benefit from our methods. But these entities are also capable of undermining trading methods, or at least particular setups and trades, through price manipulations and stop hunts. We would rather not contribute to the advantages they possess already through their size and access to order flow.
If I change my mind after signing up to one of your paid services, can I get a refund?
Sorry, no refunds allowed.