FAQ
Have any questions ?
Welcome to our FAQ section, where we address the most common questions about Optimal Traders Circle. Whether you’re curious about our services, subscription plans, or how to navigate the platform, this section is designed to provide clear and concise answers. If you don’t find what you’re looking for, feel free to reach out to us directly for further assistance.
Forex Basics
Forex trading, or foreign exchange trading, is the buying and selling of currencies on the global financial market. It's the world's most-traded financial market. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $7.5 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.
Forex trading is buying and selling currencies on the global market with the aim to make a profit. Traders predict if the value of a currency market will rise or fall and traders must close their positions at the right time. It involves analyzing the financial market, managing risks, and taking advantage of price movements. Forex trading involves a certain risks, so it's important to learn, build a good trading system and practice before using real money.
A forex broker is a person or company that helps traders to buy and sell foreign currencies. They act as an intermediary between buyers and sellers, connecting them for a commission. A Forex broker, therefore, is nothing but an intermediary link between the trader and the market. It offers market quotes via its various liquidity providers, and its trading platform reflects the best possible conditions it has to offer to its customers. For this, it charges a fee or a commission, and its interests align with those of the trader.
A lot in forex trading is a standardized unit of measurement for the amount of currency being traded. It's used to calculate the size of a trade and manage risk.
A standard lot in forex is equal to 100,000 currency units. It's the standard unit size for traders, whether they're independent or institutional. Example: If the EURUSD exchange rate was $1.3000, one standard lot of the base currency (EUR) would be 130,000 units.
A pip is a unit of measurement used to describe the smallest price change in a currency pair in the foreign exchange (FX) market. It's an abbreviation for "point in percentage" or "price interest point".
- For most major currencies, a pip is the last digit in the fourth decimal place of a currency pair's price. For example, if the price of EUR/USD moves from $1.23456 to $1.23466, that's a one pip movement.
- For some currencies, like the Japanese yen, a pip is the second digit after the decimal point.
- A tenth of a pip is called a "pipette" or "fractional pip".
- Traders use pips to calculate the spread between the bid and ask prices of a currency pair.
- Traders use pips to express the profit or loss of their position.
Geberal questions ?
We are a trading academy and community dedicated to providing a unique and effective approach to mastering the Foreign Exchange (FX) markets. Our focus is on market structure and price action, avoiding the use of indicators, so you can analyze the market with absolute clarity.
With an extensive library of video and written content, you’ll have access to a wealth of learning materials at your fingertips. Additionally, our global community connects you with like-minded traders around the clock, fostering collaboration and growth 24/7.
OTC trading concept is a price-action-based approach designed to help traders develop a deeper understanding of market movements and build a reliable trading system.
At the core of this approach is top-down analysis, where we examine the market from higher timeframes to smaller ones to identify key levels and trends. We leverage market structure, focusing on how price behaves at significant levels to predict future movements. Additionally, we incorporate candlestick formations and chart patterns to confirm potential trade setups and refine entry and exit points.
This comprehensive strategy provides traders with high-probability setups while fostering a clear and systematic understanding of how the market operates, ultimately enhancing their decision-making and profitability.
Absolutely! Optimal Traders Circle has members from all over the world (100+ countries) and no matter where you currently reside, you are welcome to join the circle.
Yes, we do provide forex trading signals to our community members. However, we go beyond just sharing signals by offering weekly livestreams where we thoroughly analyze and explain market opportunities and potential trade setups for the days ahead. These sessions are designed to enhance your understanding of the market and the reasoning behind each setup. All community members are welcome to join the livestream once it begins, making it an inclusive and interactive experience.
We definitely, otc concepts can be applied to other market types including Forex, Indices, Commodities and Cryptos.
We've reviewed several brokerage company and shortlisted few reliable and trusted broker companies trusted by thousands of traders with a good rating across multiple platforms. Kindly visit our broker section: CLICK HERE
Basically there is no minimum recommended amount, many of our OTC students begin trading with £200, £500, £1000 or more. Eligible members of the Optimal Trader Circle will also have an opportunity to become a funded traders by a third-party fund exclusively through Optimal Trader Circle.
Membership Questions ?
Yes, one to one mentorship is available to all current members at an additional cost.
Sessions can be booked directly from coachli platform and are personally tailored to suit your needs. If you have any coaching related questions, feel free to reach out to us at support@optimaltraderscircle.com
Upon signing up to the OTC Students membership plan you’ll automatically be redirected to our private telegram circle and you will receive a welcome package from the admins and other students in the community.
If you need further help you can contact the team via live chat or at support@optimaltraderscircle.com
We accept payments directly on Coachli and support Visa Debit, Mastercard, American Express, PayPal and Stripe. You can select your preferred payment method at checkout. If you have any payment related question, send us at email at support@optimaltraderscircle.com
Absolutely! We send our content announcements via our telegram channel. Additionally, we advise all our students to pin the channel on their telegram account so as to avoid mission out on an important announcements.
