With interest rates lower than the current rate of inflation, you’re not alone if you worry about your savings losing ground invested in traditional products like treasury bonds or certificates of deposit. Foreign exchange trading (Forex) offers a chance to earn significantly higher rates of return than traditional investment products. However, getting started can be scary, especially if you have never traded on foreign exchange markets before. That’s the reason CashFX was created, to help new participants like you learn about Forex trading in a friendly and easy-to-understand format.
What is CashFX?
CashFX (short for Cash Forex Group) is a trading platform that is built to teach individuals from beginners to advanced traders the fundamentals of Forex trading. The CashFX website explains it this way, “CashFX contracts its platform to brokers that are regulated by the Financial Services Authority of Dubai and the Financial Conduct Authority in London and others.
A key component of the CashFX platform is the company’s unique Trading Academy Packs. This allows students to “learn while they earn”. CashFX, unlike most other training platforms, CFX uses proprietary EA’s (Expert Advisors) to trade while they teach students about Forex trading. The company feels that students can learn more effectively when the company is also trading successfully while they study. This also adds another dimension for success for members as they navigate the trading curriculum.
The concept behind Trading Packs is straightforward. When the 2022 corporate office in Panama schedule rolls out, students will have access to trading experts who will guide them through researching and executing a Forex trade. The system includes basic elements of trading, but students can bypass those early lessons if they are confident in their previous trading experience. The Trading Packs range in value from $300 to $100,000. The company feels that range makes the system attractive to students of all socioeconomic backgrounds. The goal of the program is to give all students an opportunity to achieve financial freedom.
CashFX realizes that students have different appetites for risk and is why the company has created two different approaches to their system. When a student joins, they may choose to be a trading participant only, or they may choose to endorse and share the platform with others. The 2nd option of sharing the platform can open the participant to another group of bonuses allowing them to reach personal financial goals more quickly. If the student decides to share CFX, they become eligible to benefit from the company’s Uni-Level Rewards Plan as well as receiving a sponsor bonus, referred to as a Fast-Start Bonus for anyone that purchases an Academy Trading Pack.
Benefits of Forex trading
CashFX believes that Forex trading offers the best way for students to quickly grow their initial investment. That’s because…
- Forex trading is available 24 hours a day, 5 days a week. Since Forex trading is done on a variety of markets, there are many more opportunities throughout the day to trade.
- Foreign currency is much more liquid than many other investment products. Foreign currency is, by definition, liquid. There are always buyers interested in foreign currency. This differs from other investment vehicles like stocks and bonds, which may not have a ready buyer.
- The Forex market is huge. The Forex market is the largest trading market in the world, with a daily average volume of $5.3 trillion (USD).
- The foreign exchange market carries a low risk when compared to other investment products. Plus, it’s easy to diversify a Forex portfolio by investing in currencies from different regions of the world.
Students come to the program with different goals and different skill levels. That’s why the CashFX TAPs are available in multiple skill levels and price levels. The first two modules cover the fundamentals of Forex trading and the concepts behind it. The higher-level modules (Elemental, Advanced and Supreme Academy Packs) require more time to develop proficiency.
The advantages of Expert Advisors software
CashFX uses their own Expert Advisor software in their training activity. This software was developed by the CFX trading team and has been trading with a high rate of success for more than two years.
Getting started with CashFX is easy. All students must do to start learning and earning is register at cashfxgroup.com, create a profile and fund their account with bitcoin.
CashFX understands that some of the terminology and procedures can be confusing to first-time Forex traders. That’s why the next phase of CFX development will offer students the opportunity to be paired with trading professionals with years of experience. The company feels it’s easier to understand the nuances of Forex trading using a hands-on approach rather than learn about it from textbooks and lectures.