Frequently Asked Questions
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 the forex market, a currency pair is the value of one currency (the base currency) against the value of another currency (the counter currency). A currency’s value is based on the strength of an economy, political stability, interest rates, inflation, productivity, trade balance and risk.
Who Is Phantom Trading For?
A: You’re new to trading and you’re wanting to get started. You know nothing or very little and you want to become a pro within the next year.
B: You’ve got some experience, you may or may not be consistently profitable… and you’re ready to get your edge refined and dialled in.
We cater to both. Our primary goal here at Phantom is to take you from wherever you are currently through to confidence, consistency and funding within 12 months with us.
Can I Trade Phantom In Any Market?
We currently cover FX, Indices, Commodities and Cryptos. Should you wish to apply our teachings to any other markets, then we would highly recommend that you conduct your own backtesting & research.
Does Phantom Offer Signals?
No – we believe that if you wish to become a consistently profitable FX trader over the long term, then you should not be seeking to copy other traders’ trades via signals. Instead, you should master the skill for yourself in order to become self sufficient.
We do however provide daily trade ideas ie areas of interest that we are monitoring. We do this to help you apply the strategy as you learn and gauge your trade ideas against ours.
You will not find execution signals in here though.
How Much Capital Do I Need To Trade?
Capital is NOT required to start. You can begin on demo trading accounts to develop the skill. When you are confident and consistent with our strategy, the capital will be ready and available to you.
Eligible members of the Phantom community will have an opportunity to become funded traders by a third-party prop firm fund in our network OR through our own private in house fund (coming in 2022).
Do You Offer 1-1 Coaching
Yes. One-on-one coaching is available to all active Phantom members. It is optional and additional and is priced separately from the monthly subscription at $250 USD per coaching call.
Coaching calls typically run for about 60-90 minutes and you’re free to get personalized support on whatever you need help with. Sessions can be booked directly from inside members dashboard with the coach of your choosing. If you have any coaching related questions, feel free to reach out to us at firstname.lastname@example.org.
Does The Strategy Work On Crypto?
Yes! It applies to crypto as well as indices the same way it applies to forex. We have a handful of traders inside the community who trade only crypto and do very well with it. We also have a dedicated channel inside our discord to host crypto questions, updates, chart feedback, trade ideas, etc.
Can I Trade This Strategy With A 9-5 Job?
Yes. The majority of our students in here are currently working a 9-5 job and are trading on the side. Their goal is to make trading their full time gig as well. You’ll fit right in if you’re currently working and trading outside of standard work hours.
We trade every trading session in here and countless opportunities present themselves each day even if you’re only trading one currency pair. You’ll have more opportunity than you’ll know what to do with.
What is Phantom Trading?
We are an educational company with a unique approach to trading the Foreign Exchange (FX) markets. Collectively we have over 50 years experience in trading. We do not use indicators and focus solely on market structure and price action, allowing you to view the market with complete clarity.
With hundreds of hours worth of video content and countless downloadable resources, there is a plethora of learning material available at your fingertips.
We also have a 2,000+ member global community who are active daily and ready to help you when you need it most, allowing you to connect with like-minded traders and our team of funded coaches 24 hours a day, 7 days a week.
What Technical Indicators Do We Use?
None! Our trading style is based on price action and market structure with a supply and demand “smart money” approach and thus no indicators are needed. Our charts are completely free of indicators with the exception of a session timing indicator (which is completely optional).
Can I Join Phantom From My Country?
Absolutely! Phantom FX has members from all over the world (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.
What Broker Do You Recommend?
We are not affiliated with any brokers however many of our students use the likes of Tio Markets, IC Markets, FXCM and Oanda. We highly recommend you to conduct your own research and decide which broker is best for you and the country you reside in.
What Payment Types Do You Accept?
We currently accept Visa Debit, Mastercard, American Express or PayPal. You may choose your payment type at checkout.
How Does Learning At Phantom Work?
Once you make payment, you’ll be taken to our new members dashboard where all of our content is hosted. On the main page will also be your exclusive community Discord invitation.
To get the most out of Phantom, make your way through the content and put our strategy to work. ANY time you have questions, message us inside the community and we’ll get back to you asap. We pride ourselves on the support in here so never hesitate to get help when you need it. We have a team of funded coaches and thousands of members who are experienced and who are in here engaging with others 24/7.
Show up, put in the effort and you’ll get results in here. We want you funded… and within our welcome series we have a zero to funded roadmap ready for you that shows you how to get the most out of your membership with us so you can make that happen. We want to be your last stop as far as trading community’s go and we’re confident that we can be that for you. Jump in and we’ll see you on the inside!
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