1. How long does it take to start making money?
As soon as you have your account open you can take trades. We suggest that clients be prepared to take trades while learning. There is no reason to defer good opportunities. We find it enhances knowledge when you are engaged in the market.

2. What times can I trade?
The futures markets are open 24-hour a day for business days. You can trade anytime. Once you understand the strategies and techniques you will have the confidence to take trades as they arise.

3. Can anyone be successful?
Yes. I find that people come to trading have a desire to be independent as well as be good traders. They see trading as a way of enhancing their ability to make money independent of whatever else they are doing. Once they learn to be traders they can do it full-time or add it to their set of skills and be more productive.

4. How long does it take to finish the E-course (training)?
There are 44 modules in the e-course so it can be finished in a day. However we advise clients to “take their time”. This is not a race, it is about learning how to be a good trader. Take your time and learn each skill properly, in the long run you will be much richer for it.

5. Can I trade from overseas?
Yes. You will receive the emails and sms alerts and you can access all the webinars over the internet. It is simple and easy.

6. How much money is recommended to open a trading account?
We recommend AUD $10,000 and even then we suggest that you take it slowly to start with.

7. Do I need a new computer?
No most computers have sufficient capacity to manage everything we do.

8. Do I need to be an expert on a computer?
No, if you can surf the net then you can learn to trade.

9. What kind of internet connection do I need?
ADSL, ADSL 2, cable or wireless broadband or satellite.

10. How much download per month?
Very little, you will not need to be in front of your computer screen all day.

11. How many trades can I expect per month?
That depends on your risk profile and you trading capital. We average 2-3 swing trade recommendation each week. You may be more active, particularly if you are day-trading as well.

12. Who do I speak to if I have Questions?
You can call the Trader Support lines that are detailed on the website or you can contact e-mail Support. We also suggest that you attend the weekly online interactive coaching sessions as they are a more direct way of have your questions answered.

13. How often is the e-course updated and how will I know, is it free, how long do I have access to it?
We update the e-course whenever it is needed. When we do update it you will notified via email.
Yes the updates are free.
You have lifetime Membership and lifetime access to the online classrooms.

14. I’ve heard trading in these current markets is risky?
Investing like in shares at the moment is extremely risky as the only way to profit is for the value of the share to go up and as you know the market can go in either direction. What we do is vastly different as we trade the market and DO NOT invest in the stock market. By trading the market it gives us the opportunity to trade the market when it is gaining value as well as trading the market when it is losing value. So as you can see in these so called risky times it is an excellent time to trade as we can potentially take advantage of the market in any condition. But as always there is a risk in any financial market and you should only be trading capital you can afford to lose.

15. Are there any further costs the training i.e. more modules to purchase, advanced strategy courses?
No. The course covers all from beginner through to intermediate and advanced strategies and training.

16. Does the system run on Mac’s??
If you use a Mac you will need to run Parallel’s to enable windows based products to work in the Mac environment.

17. If it’s that easy why isn’t everyone doing it?
The strategy is simple. Most people never seek out change. To change is to make decisions, the majority of people are fearful due to the lack of education and feel uncomfortable. Motivation and desire to change are necessary to become a profitable long term trader.

18. What happens after 12 months – where do your trades come from?
Whilst you continue to use Elite/Halifax as your broker the trade recommendations will continue.

19. Do you have any recommendations for setting up the account structures to minimize tax?
Only your accountant and yourself know your financial position and as such your accountant should be consulted for advice on such issues.

20. Is this course tax deductible?
You will need to consult your accountant.

21. How long do I have to place a trade after the SMS is sent?
The minimum timeframe we use for an sms alert is 4-hours. You will always have plenty of time to review and place your order. If you wish the desk to place your order you can call us and we will place the trade on your behalf.

22. Is there an ongoing fee for the SMS trade recommendations?
No. It is included in the course package.

23: Is there a monthly live data fee for futures trading?
Most of our trading is done on the Globex Exchange and subscription if free. Once you have opened your account our admin team can help you with the data subscriptions. Other exchanges may charge a monthly fee for accessing their data. The fees vary from exchange to exchange you will need to consult the subscription list. Make sure you need the data before you subscribe. If you have any doubts please call us before subscribing.

24: Are there any transaction fees with the account?
Commissions are charged at the rate of $15.00 per side per contract. Which is a $30 round trip.

25: Do we have to call immediately after receiving sms or any time of the day?
Most of the time you will place the trade yourself. If however you are away from your computer you can call the office and we can help.

26: Is Halifax a market maker?
No. Our preferred broker Halifax Investment Services are not market makers.

27: Are there any ongoing fees e.g. sms fees etc?
There are no ongoing fees after you have become a an Elite member. If you trade shares and options you will pay brokerage on those trades.

28: How much is a futures contracts worth?
Futures margins vary with each commodity. For a quick reference you can access the contract specifications page of the Elite Futures Mastery website for a complete list.

29: Is there any other ongoing fees to get SMS recommendations the second year?
No. As long as you have a funded account with Halifax you will continue to receive SMS notification.

30: When do we know when to exit the trade ?
You will be advised at the time of the sms of the initial stop loss for the trade. As stops should be moved or profits taken we will advise through email and sms.

31: On a 10k investment what would be the average income ?
There is no way we can forecast an average return on trading.