Your Trading Room

FAQs

	What is Your Trading Room? Your Trading Room is a company dedicated to Empowering Traders Globally. We are an industry leading global provider of online education, training and trading services, specializing in the Forex markets; our comprehensive course educates absolute beginners through to advanced traders on how to achieve their personal financial goals. Our difference, market leading solutions supported by four key disciplines: Ongoing Research and Development Comprehensive Education and Training Interactive professional coaching "LIVE" and interactive trading rooms Our "LIVE" trading rooms are unmatched in the financial education markets, fully moderated and operating 24hrs a day, our outstanding results have earned Your Trading Room the title of "Worlds No.1 LIVE Forex Trading Room" a title our members and professionals are extremely proud to call their own.
	2. What is trading? Trading refers to the practice of buying and selling financial instruments; a trader is looking to capitalize on the movement of a financial instrument that, in the judgment of the trader, is in a tension state ready to accelerate in price in either direction. When traded well these movements provide potential for substantial profits. At Your Trading Room we educate our members in the rules of Technical analysis, with a thorough understanding of the principals behind technical analysis a trader can identify potential market movements before they occur and trade in a way that profits them substantially.
	3. Do I need to have any trading experience? No. Our training program is comprehensive and is suitable for a complete beginner through to an experienced trader seeking a tried and tested trading system to make consistent profits in the markets. Our training program is multifaceted; the focus is on the development of our members through multiple contact points, consisting of: Interactive classrooms (6 days a week) "LIVE" trading rooms (24hrs a day, 5 days a week) Educational manuals Comprehensive video library Trading Strategies each thoroughly Researched and Back Tested Proprietary market indicators that provide our members with a clear trading advantage. A membership with Your Trading Room provides you with the latest in educational resources, membership access to our interactive learning rooms and access to our dedicated team of industry professionals and your set of proprietary indicators.
	4. How much money can I make trading? That all depends on your own personal goals; the time you choose to spend in the markets; your ability to follow a plan; your psychology and risk management plan (1-2% as recommended by YTR). Once you have completed a minimum of one month 'simulation (paper) trading', you will develop your own trading goal and know exactly how much money you want to earn from your trading, on a daily, weekly, monthly and annual basis. Using the Forex market as an example, in excess of US$3.2 Trillion is traded daily so there is more than enough potential to meet your most aggressive financial targets.
	5. Will I be advised when to buy and sell? Our comprehensive training program, empowers you to make your own trading decisions; we also believe in full disclosure, as an education provider we have nothing to hide that's why all of our trading professionals announce their exact trade entries, exits and risk allowances when trading in our LIVE trading rooms.
	6. Potentially you can take all the same trades as our trading professionals! The trading professionals explain their technical analysis behind each trade, their specific strategies and indicators used as well as explanations of current market conditions but most importantly adhere to the strict risk management practices endorsed by Your Trading Room. From an early stage in our members' educational journey they are exposed to live market conditions so when it comes time to place their first real trade they are in complete control. Please understand, that our coaches cannot provide you with personal financial, investment or trading advice, but with their expertise, our trading professionals in conjunction with our comprehensive training program and interactive classrooms, you will feel comfortable making your own buy and sell decisions.
	7. Does Your Trading Room only provide its members with a LIVE trading room or is there more to your membership? The LIVE trading rooms make up only a fraction of the overall membership, to achieve the best educational results one must learn from a multitude of resources; the LIVE trading rooms are a very practical component and the content put into practice within our LIVE trading rooms are taught in interactive online classrooms, via our comprehensive video library and throughout our comprehensive training manual. At your trading room we also encourage our members to interact with other members, staff and coaches via our online forums, we find this has added a highly valued layer of support for new members just starting their trading journey.
	8. Does your trading room teach you to become profitable as a trader? We teach all our members the same technical analysis and strategies used by our trading professionals, the same professionals responsible for our fantastic trading results; in saying this a Membership with Your Trading Room will provide you with all the educational resources required to have you trading the markets profitably. What is of most importance for a trader though, rather than making excellent returns, is protecting their investment capital; at Your Trading Room we teach strict money management techniques designed to keep our members in complete control of every trade; by providing comprehensive guides so each member can identify their 'risk-of-ruin' and develop a tailored trading plan to eliminate this exposure, we reduce our members risk when trading the markets. The truth is anyone can make money from the financial markets but many traders are just not educated with the correct risk management skills required to hold onto their trading profits, this results in many short term profits quickly turning into long term losses.
	9. How do you differ from the other LIVE trading rooms? The Worlds first fully moderated 24hr LIVE Forex trading rooms. Your Trading Room is a global educator, our web presences enables us to connect with stakeholders throughout the world, bringing together a talent pool that far exceeds domestic expectations alone; the result, a team of trading professionals from around the world, with experience trading the major world markets. Our LIVE trading rooms trade 24hrs a day / five days a week, our Forex trading rooms trade four international markets beginning in Sydney, moving to Tokyo, followed by London and finishing in New York. The benefits to our members are many, multiple markets and 24hr days enable our members to trade a market that suits their trading style and at a time that suits their individual circumstances; four markets enable Your Trading Room as a company to capitalize from major market movements throughout the world.
	10. How do you differ from the other trading educators? Your Trading Room is a multi-market educator, teaching members how to trade Forex markets. The financial markets are continually evolving due to a number of factors including but not limited to economic situation, political conditions, market psychology and seasonal events. Just like a text book educational materials can become outdated and ineffective; at Your Trading Room we move with the markets, our dedicated research and development team continues to develop our educational materials and trading strategies to ensure all our members are continually evolving as traders. Membership with Your Trading Room provides access to all our interactive classrooms, education materials (written and recorded), trading strategies, proprietary indicators and a lifetime of updates As an educator, our industry leading support network ensures members are never on their own. The education provided by Your Trading Room are structured around multiple contact points, giving our members the opportunity to overcome their educational obstacles with the ongoing support of our training professionals, this ensures their successful navigation of the financial market pitfalls on their journey to becoming a successful trader.
	11. Do the coaches trade their own money? Yes, all our Coaches trade their individual accounts, calling their trades as they take them. We believe this protects our member's best interests, because if our professionals are not calling profitable trades, they're not making money.
	12. Who are the trade coaches and how do I know if they are any good? Our trading Coaches have been selected from around the world based on their experience and knowledge of specific financial markets. Our professional trading coaches are established traders with years of experience across varying and difficult market conditions, and because their knowledge and experience has contributed to the strategies taught and used by Your Trading Room, techniques used by our professionals to achieve their fantastic results are available to our members only. Our trading team's profiles are available on our website for your review.
	13. How much time will I realistically need to learn how to trade independently? You must be willing to give yourself at least a year before you can realistically expect consistent profitable returns from your own individual efforts. This time period can be greatly reduced by the tuition you will receive from our interactive classrooms, training resources and professional trading Coaches. Rushing the process is a sure recipe for disaster; at Your Trading Room we place a strong emphasis on risk management techniques ensuring the longevity of our members trading accounts. We take the time to provide a solid foundation so when our members begin trading their live accounts they are in complete control.
	14. How much do I need in my trading account? YTR recommends you begin with an account balance of $5,000; for members looking for a smaller capital investment, the Forex markets enable you to start with a trading account as small as $100. It is also recommended that you do not trade your live account until you have successfully traded 'in SIM' for at least one month, putting into practice the skills developed in our interactive classrooms and refining your trading strategies to the point where your trading with absolute confidence.
	15. Are there any other costs involved with trading? As noted in Question 14, you will need to fund your trading account, this is done via a broker. A broker act as a 'middle man' between traders and the financial markets, providing you as a trader with access to market data and charts, but most importantly enables you to execute trades from your trading platform. Our recommended brokers will provide you with free live market data and we are happy to discuss with you available brokers that are compatible with our recommended trading platform. The set of YTR Proprietary Indicators which form part your membership with YTR and are an essential tool for our trading strategies, are compatible with NinjaTrader (and by Jan 2010 MetaTrader4). NinjaTrader is a free trading platform while you are in 'SIM' and just US$60 per month when you start trading real money. We are happy to discuss some of the ways our current membership utilizes these platforms.
	16. Do I need to have a lot of computer experience? No. You just need to know the basics of a computer and have a reliable internet connection; our dedicated client support services will guide you through the rest.