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Frequently Asked Questions
SmartCharts is not only a feature rich and well designed trading platform, it is also an eLearning hub. We feel that in order to trade, the education needs to be integrated into the platform, the platform needs to have all the latest features and be easy to use. This reduces the learning curve for newbies and also saves time and speeds up the trading process for more advanced users.
All you simply need is a trading platform and a laptop with an internet connection. I have traded everywhere, I've traded in helicopters over London raising half a million for charity, I've traded in a hospital bed when I fell off a horse and broke my back, long story for another time :-), I traded from my desk here at home. This is probably the single most portable and compact business in the world today. And the lovely thing is that Smart charts makes it even more compact because everything you need is now in one interface, in one program.
Yes, SmartCharts has been designed for use on phones and tablets. If you have an internet connection, you can place and manage your trades from multiple devices. Not only that, we have really focused on the mobile and tablet design, so that you are getting the power of the desktop trading and eLearning features, and can trade anywhere you want. In addition, you can easily switch between devices and you saved settings will automatically transfer across the cloud to the new device.
No. The hotspot will only transmit small amounts of data - a few dozen bytes at a time. There will be no noticable slowdowns to your internet network due to the hotspot.
As I've said before, I've trained 300,000 people all over the world. In America, in Africa, in Europe, in Asia, in Australia, people from all walks of life. So there are probably very few people who are more qualified than I am to say what makes a good trader, and all I can really tell you is this. If you are someone who can look at this as a business opportunity, rather than a way to get rich quick. If you are someone who can follow instructions cooly and calmly. If you're somebody who's got the maturity to know that you're going to make mistakes and that's okay and carry on. And most importantly of all if you are someone who can take action, who will actually put into practice what you are taught, then there is very little standing between you and the life that you want
SmartCharts, allows you to trade a range of underlying markets, from FX, to stock, indices and commodities.
For those who choose not to educate themselves in trading the financial markets, speculating on the direction of an asset can seem like gambling. However, there are some major differences. Gamblers have been known to use emotions and other peoples' opinions in the hope of making money. Traders use specific strategies, detailed analysis and special tools to speculate on an asset rising or falling. Simply put, traders have a clear and structured plan before they speculate.
For those who choose not to educate themselves in trading the financial markets, speculating on the direction of an asset can seem like gambling. However, there are some major differences. Gamblers have been known to use emotions and other peoples' opinions in the hope of making money. Traders use specific strategies, detailed analysis and special tools to speculate on an asset rising or falling. Simply put, traders have a clear and structured plan before they speculate.
You can trade the currency market 24/6, so you can choose to trade around your commitments ie. in the morning, during the day, during the evening or all night long. In addition, as SmartCharts has a trade finder the amount of time you spend finding trades has been reduced significantly and you can trade from as little as 30 minutes a day. SmartCharts has been designed to work on desktop, mobile and tablets, meaning as long as you have an internet connection you can trade when and where you want.
The answer is no. In fact we find it better to teach people who are a blank slate, they have less bad habits and can be taught our methodology more easily. The maths involved is taken care of by Smart Charts, in fact it's so easy that my eight-year-old son can use it. And in terms of having a huge and up-to-date knowledge of the markets, there are a few things that you need to keep an eye on that will help you understand if you should be trading or not. Economists spend all day every day doing this and they don't get it right. We are not predicting the long-term future of a country or company. We are buying and selling currencies, stock indices and commodities, which are very short term trades. Very few people know exactly why the market moves when it does, there are too many moving factors. But what we can do is work out what the market is likely to do next, and trade that way. So if you're worried about having to study dry economics theory relax that's not what we do.
The answer is no. In fact we find it better to teach people who are a blank slate, they have less bad habits and can be taught our methodology more easily. The maths involved is taken care of by Smart Charts, in fact it's so easy that my eight-year-old son can use it. And in terms of having a huge and up-to-date knowledge of the markets, there are a few things that you need to keep an eye on that will help you understand if you should be trading or not. Economists spend all day every day doing this and they don't get it right. We are not predicting the long-term future of a country or company. We are buying and selling currencies, stock indices and commodities, which are very short term trades. Very few people know exactly why the market moves when it does, there are too many moving factors. But what we can do is work out what the market is likely to do next, and trade that way. So if you're worried about having to study dry economics theory relax that's not what we do.