Can You Really Master Forex Trading with IM Academy?
Forex trading is rapidly becoming one of the most popular financial trading options. With the rise of online trading platforms and the increasing accessibility of information, forex trading is now an attractive investment option for people all over the world. However, forex trading is a complex and challenging investment option that requires a significant amount of knowledge, experience, and strategy.
IM Academy is an online education platform that aims to provide comprehensive training to help traders acquire the necessary skills and knowledge to master forex trading. In this review article, we will examine IM Academy's suitability for traders of all skill levels and determine its effectiveness as a reliable source for learning forex trading. We will also analyze the pros and cons of IM Academy and provide recommendations for traders who are considering using the platform.
What is IM Academy?
IM Academy, formerly known as iMarketsLive, is a trading educational platform that aims to provide traders with the essential training to become successful forex traders. The company was founded in 2013 by Christopher Terry, who has over 20 years of experience in trading and holds a Certified Financial Technician (CFTe) qualification. The company's mission is to empower traders of all skill levels to achieve financial freedom through education and technology.
IM Academy offers a range of courses, including introductory courses for beginners, advanced courses for experienced traders, mentorship programs, and live trading sessions. The courses cover various aspects of forex trading, including technical analysis, fundamental analysis, risk management, and psychological aspects of trading. The programs are delivered through a combination of online courses, webinars, live trading sessions, and one-on-one coaching sessions with experienced traders.
Pros of IM Academy
1. Comprehensive educational resources
One of the most significant advantages of IM Academy is the comprehensive educational resources it offers. The platform provides traders with access to a wide range of courses, including beginner, intermediate, and advanced courses, covering all aspects of forex trading. The courses are designed to be easily understandable and accessible for traders of all skill levels. The platform also provides webinars and live trading sessions that allow traders to interact with experienced traders and learn from their experiences.
2. Experienced mentors and traders
IM Academy employs experienced mentors and trainers who have a wealth of experience in forex trading. The mentors are available to provide assistance and guidance to traders throughout their learning journey. The platform offers one-on-one coaching sessions, which provide traders with personalized feedback on their trading strategies and help them improve their skills. The mentors also provide regular market analysis and insights, helping traders stay up-to-date with the latest market trends.
3. User-friendly platform
The IM Academy platform is user-friendly, easy to navigate, and offers a range of tools to help traders improve their skills. The platform provides traders with access to various trading tools, including charting software, economic calendars, and live market data. The platform is also available on mobile devices, allowing traders to access their accounts on-the-go.
4. Focus on risk management
IM Academy places a significant emphasis on risk management in its courses and educational resources. The platform provides traders with tools and techniques to manage their risk effectively, helping them minimize their losses and maximize their profits.
Cons of IM Academy
1. High cost
One of the main disadvantages of IM Academy is the high cost of the courses and educational resources. The platform offers a range of subscription packages, starting from $174 to $274 per month, which can be expensive for some traders, particularly beginners.
2. Overpromising of results
IM Academy has been criticized for overpromising the results of its courses and educational resources. Some traders have reported that the platform's marketing materials make exaggerated claims about the effectiveness of their programs, leading to unrealistic expectations from traders.
3. Lack of regulation
IM Academy is an unlicensed education provider, which means that they are not regulated by any financial authority. The lack of regulation raises some questions about the credibility and quality of the courses and educational resources offered by the platform.
Conclusion: Can You Really Master Forex Trading with IM Academy?
IM Academy offers comprehensive educational resources and experienced mentors to help traders of all skill levels improve their forex trading skills. The platform places a significant emphasis on risk management, which is critical for successful trading. However, the high cost of the courses and educational resources and the lack of regulation raise some concerns about the credibility and accessibility of the platform.
In conclusion, if you're looking to master forex trading with IM Academy, it's important to weigh the pros and cons of the platform. The platform is suitable for traders who have some experience in trading and are willing to invest in their education. However, for beginners or traders who are looking for a more affordable option, there are other education providers that may be a better fit. Ultimately, the effectiveness of IM Academy depends on your individual needs and trading goals.