Frequently Asked Questions
Find answers to most frequently asked questions below
GENERAL FAQ
Frequently asked questions regarding trading, courses and about Diversit-e Smart Trade College in general
TRADING ACCOUNT FAQ
Frequently asked questions regarding your trading account, the setup thereof and how it works
FOREX TRADING FAQ
Frequently asked questions about the Forex Market and Forex Trading
General Frequently Asked Questions
Frequently asked questions regarding trading, courses and about Diversit-e Smart Trade College in general.
WHO CAN I CONTACT IF I’M STUCK?
You can contact our support team or the Trading Specialist.
CAN YOU GUIDE ME WITH SAFETY NETS?
Yes, sure thing! Our dedicated Support Team and a FSCA regulated Trading Expert are available to help you make very intelligent decisions when it comes to any safety net (Stop Loss Lines & Take Profit Lines).
ARE ATTENDING COURSE CLASSES COMPULSORY?
No. Learning is also done online with telephonic- and webinar support and coaching.
DO YOU OFFER CRYPTO CURRENCIES?
Yes, we do offer Crypto Currencies Trading. Included is our online video course which can add value to your crypto trading experience. You can also trade crypto CFDs which offers you the opportunity to start small.
WHAT TIME IS THE JSE OPEN?
The JSE is open weekdays from 9AM to 5PM.
WHAT IS THE MINIMUM AMOUNT YOU NEED TO START TRADING THROUGH WITH?
You may start funding your trading account with as little as $10 until you have reached $250 which is the minimum amount to start executing live trades. Start small, build in time, end big!
WHY SHOULD I CHOOSE SMART TRADE COLLEGE?
We’ve designed this business for your trading pleasure. Real profits create real pleasure!
HOW DO I KNOW THIS WILL ACTUALLY WORK?
We also didn’t know that it will work until our existing Clients proofed us wrong. Their social media reviews are evident of the effectiveness of our coaching and mentoring.
HOW LONG WILL IT TAKE TO MAKE BACK MY INITIAL OUTLAY?
Our aim is to help you help yourself make it back soonest, however is this dependant on how much time, effort and personal dedication you commit to and what your objectives are
WHAT RARE METALS CAN I TRADE WITH?
Just to name a few: Gold (XAUUSG), Silver (XAGUSD), Palladium (PALLAD) & Platinum (PLAT).
HOW LONG HAS DIVERSIT-E SMART TRADE COLLEGE BEEN OPERATING?
We’ve been in a very pleasurable position to be changing people’s lives for the past 4-years as a South-African registered company and our preferred FSCA regulated Broker been adding valued to our Clients’ lives since 2012.
WHAT IS YOUR COMPANY TRADING HOURS?
Our offices are open workdays 07H50 until 16H30, and also offers a 24/5 Support- & Coaching service.
ARE THE COURSES ACCREDITED?
No. Our clients aren’t interested in doing accredited courses. Our clients’ reason for signing up is to earn more and show more profits safely in their bank accounts.
HOW DO I BECOME A TRADING SPECIALIST?
Pursuing a career as a registered and regulated Trader or Broker, you need a bachelor’s degree in Business Administration, International Business and International trade. Many Broker firms offer in-house training programs or internships to
SHOULD I REGISTER NOW?
What excuses do you permit to postpone enjoying the befits of this opportunity? Given all that is included, is this special offer more valuable than the initial investment itself. How long do you want to wait before earning extra income?
WHAT IS THE RISK?
What was the risk when you left your home today or got into your car? We all heard the saying “a risk free investment is a return free investment”, right? Our Coaches and the Trading Specialists will guide you on how to minimize your risk to 10% and ensure optimal returns.
YOU DON’T HAVE TIME?
You made time available to read through all this, therefor do we believe that People make time for the things they value. Obviously the more time you commit to the better your chances to earn more. The minimum quality time recommended is 30-minutes each trading day. Should time still be an issue do we proudly offer the CopyKat Trader where your portfolio automatically trades on your behalf.
CAN DIVERSIT-E SMART TRADE COLLEGE PUT IN TRADES ON MY BEHALF IF I’M NOT AT MY COMPUTER OR TABLET?
No. It’s a self-manage account unless you use CopyKat Trader.
HOW DO YOU CALCULATE THE PRICE OF ONE POINT?
The price of one point is calculated using the following formulas:
pair(i.e. USD/JPY).
The price of one point is calculated by multiplying the order volume with the minimal change in the exchange rate (0.0001) and dividing it by the current quotation of the currency pair. Formula: Order Volume × Minimal Change in the Exchange Rate / Current Quotation Example: You have an order for 2 lots, USD/JPY is 105.810. The price of a single point is 0.00000189 USD.
The price of one point is calculated by multiplying the order volume with minimal change in the exchange rate (0.0001). Formula: Order Volume × Minimal Change in the Exchange Rate Example: You have an order for 2 lot. The price of a single point is 0.0002 USD.
The price of one point is calculated by multiplying the order volume with the minimal change in the exchange rate (0.0001), then by the current quotation of the base pair to USD and divided by the current quotation of the currency pair during the opening of the position. Formula: Order Volume × Minimal Change in the Exchange Rate × Base Currency Exchange Rate to USD / Current Quotation Example: You have an order for 2 lots, the EUR/USD is 1.12000, and EUR/JPY is 118.700. The price of a single point is 0.000001887 USD.
The price of one point is calculated by multiplying the order volume with minimal change in the exchange rate (0.0001). Formula: Order volume × Minimal Change in the Exchange Rate Example: You have an order for 2 lot. The price of a single point is 0.0002 USD.
The price of one point is calculated by multiplying the order volume with the minimal change in the exchange rate (0.00001) and multiplying by the current quotation. Formula: Order Volume × Minimal Change in the Exchange Rate / Current Quotation Example: You have an order for 2 BTC and the quotation for BTC/USD is 11,753.41 USD. The price of a single point would be 2 USD × 0.00001 / 11,753.41 = 0.000000002 USD.
The price of one point is calculated by multiplying the order volume with the minimal change in the exchange rate (0.00001) and dividing it twice: by the current quotation of the base pair to USD and by the current quotation of the currency pair during the opening of the position. Formula: Order Volume × Minimal Change in the Exchange Rate × Base Currency Exchange Rate to USD / Current Quotation Example: You have an order for 0.1 lot of ETH/LTC, ETH/LTC is 2.47229 and ETH/USD is 226.57780. The price of a single point would be 0.1 × 0.00001 × 226.57780 / 2.47229 = 0.000091647 USD.
The price of one point is calculated by multiplying the contract volume with minimal change in the exchange rate (0.00001). The contract size is 10 contracts multiplied by your order size. Formula: Contract Size × Minimal Change in the Exchange Rate Example: You have an order for 2 lots. The price of a single point would be 2 × 10 × 0.00001 = 0.0002 EUR.
Note:
The minimal change in the exchange rate can be different, depending on your account type and the chosen trading instrument. You can see the values for all account types at Contract Specifications page, as “Tick size”.
Different indices are calculated with different margin currencies. You can see the currencies for all indices using the Contract Specifications feature of MetaTrader 4. To do so, click with the right mouse button at the trading instrument in Market Overview and select Contract Specifications.
DISCLAIMER & NOTICE: The answers are for educational purposes only and not financial- and or investment advice. Trading can be very risky. Never trade with money you cannot afford to lose. Always seek the advice of our preferred regulated FSCA Broker and or a regulated FSCA Financial Advisor.
Your Trading Account FAQ's
Frequently asked questions regarding your trading account, the setup thereof and how it works
HOW SOON CAN I START TRADING LIVE?
Trading can start immediately as soon as the required FICA documents are received and the live account is approved and funded.
HOW OFTEN SHOULD I TRADE?
You can trade as often as you like or prefer. There is no minimum or maximum.
HOW OFTEN SHOULD I LOOK AT WHAT MY CURRENT TRADES ARE DOING?
As often as you like, there is no time limit.
CAN I ONLY TRADE THE JSE MARKETS ON THE PLATFORM?
No. Other markets are also available. Other markets include CFD’s, Equities, Forex and World Markets.
HOW LONG DOES IT TAKE BEFORE MY WITHDRAWALS ARE IN MY ACCOUNT?
As long as all required FICA documentation is submitted, you can expect funds to reflect in normal banking hours. Usually this will be within 48-hours.
CAN I ACCESS A FULL TRADE REPORT ON THE COMPUTER?
Yes. You can get a full report yourself on the live trading platform.
CAN I HAVE MORE THAN ONE TRADING ACCOUNT?
Yes, you can.
CAN I OPEN A TRADING ACCOUNT IN A BUSINESS ENTITY?
Yes. As long as the required FICA documentation is submitted.
MUST MY COMPUTER OR TABLET STAY LOGGED IN ON THE PLATFORM AFTER I INSERTED A TRADE?
No. You can log out and switch it off.
CAN MY PARTNER OR CHILDREN LEARN AS WELL?
Yes, they can.
DISCLAIMER & NOTICE: The answers are for educational purposes only and not financial- and or investment advice. Trading can be very risky. Never trade with money you cannot afford to lose. Always seek the advice of our preferred regulated FSCA Broker and or a regulated FSCA Financial Advisor.
Forex Trading FAQ's
Frequently asked questions about the Forex Market and Forex Trading
WHAT IS A CURRENCY PAIR?
A currency pair consists of a base currency and a quote currency (or counter currency). It’s a way to display and price one currency against another. Currency pairs are conventionally shown as two abbreviated currency names, separated by a slash. For example, with the “EUR/USD” currency pair, the euro (EUR) is the base currency and U.S. dollar (USD) is the quote currency.
WHAT IS A PIP?
A “PIP” (percentage in points) is the term used in the Forex market to represent the smallest incremental move an exchange rate can make. For example, if an exchange rate was previously 1.2510 and increased by one pip, the exchange rate will be 1.2511.
WHAT IS A SPREAD?
The spread is the difference between the bid and the ask price. The bid is the price in the market that a Buyer will pay, and the ask is the price a Seller is willing to accept. For example, the USD/JPY bid/ask spread is 110.00 / 110.02. Currency pairs that are less actively traded have wider spreads.
WHAT IS A MARGIN?
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.
DOES FOREX TRADING REALLY WORK?
Of course! Trading always works. Although it’s up to you to make it work. If you want it to work, it will!
HOW MUCH MONEY CAN I MAKE IN A WEEK WITH AN INITIAL DEPOSIT OF $250?
All trading must be executed with extreme caution. Never trade with money you cannot afford to lose. It is possible to potentially double your balance. Ask our Support- & Coaching Team or our preferred regulated Forex Trading Specialist how.
WHAT ARE ‘LONG’ AND ‘SHORT’ POSITIONS?
Long position is a “buy” position, meaning that this position will be in profit if the price goes up. Short position is a “sell” position, meaning that this position will be in profit if the price goes down.
DISCLAIMER & NOTICE: The answers are for educational purposes only and not financial- and or investment advice. Trading can be very risky. Never trade with money you cannot afford to lose. Always seek the advice of our preferred regulated FSCA Broker and or a regulated FSCA Financial Advisor.
DIDN'T FIND YOUR ANSWER?
If you could not find an answer to your question, fill in the form below and we will get back to you
info@smarttradecollege.com
+ 27 66 456 6333
