Forex Education| fxKinght.com Review

I was invited to join their Pro group for a few weeks and see what their Pro services were all about. This was not only a big surprise but also a huge honor. In addition to his role as Chief Market Strategist for fxKnight.com and a series of private funds, Andrei Knight is also a regular contributor to FXstreet, DailyFX, Forex Factory’s FNN, BabyPips, ForexPros, and the International Business Times, where he also sits on the advisory board. He is the author of “Trading Forex for a Living”, a certified NLP Practitioner, and a Certified Professional Life Coach. With a resume like that, you know you are in good hands when investing in your forex education with fxKnight.com. Here’s a summary of my own experiences inside the Pro services at fxKnight.com so that you can judge if their services would also be right for you.

The first thing I did was to explore the Pro Forum area where you can watch over 30 hours of introductory videos to learn from at your own pace thanks to their forums administrator Rich G who does a lot to maintain the forum area and keep it up-to-date. The indicators and strategies covered here include many of the indicators and tools that I also use and teach here at Forex-Nation such as: pivot points, moving averages, fibonacci, candlestick patterns, and money management. But add to that Andrei’s input on the mental and spiritual aspects of being a forex trader and you have a well rounded educational experience for any type of trader, new or experienced. These videos aren’t some highly polished commercialized lessons, but rather actual recorded live trading room sessions in which Andrei himself taught each indicator and strategy in simple terms and then related their usage back into the complex world of the forex market with real live trading examples. You see Andrei able to not only teach but also respond to the other traders questions and input so that the lesson isn’t just a boring monolog but rather more like an engaging conversation. This is exactly what it’s like during the daily live trading room sessions that I’ll get into later. Basically, this core material will give new traders a major leap in their basic forex education and add more depth for the more experienced traders. There is also a “Best of” videos section which are Pro session recordings that members have voted as most helpful for teaching some additional topic of trading, so the amount of archived material alone is worth your membership!

One of the most unique features of fxKnight.com’s Pro services was their Belt system. The concept stems from martial arts dojos around the world, places where students come to be formally trained in their art. Here it’s the Pro room itself where members are assigned colored “belts” based upon their level of experience and current area of focus so whenever you log into the live trading room you can quickly see what level each member is at based on the color of their screen name. There are four belts (green, blue, red, and black) and in order to achieve the next belt status you must be able to demonstrate specific skill sets in the live trading room in order to pass the Belt Test. Examples of some of the skills one must learn to master include: identifying trend-following and ranging trade setups, advanced position management skills, and identifying what moves the markets will make before they happen. Many of these Belt Tests are also archived in the Pro forum area so you can learn what it takes to move up in rank from previous tests.

The live sessions take place in the Pro room where members can log in anytime and discuss forex amongst themselves. There are two hour long live trading sessions hosted by Andrei or one of his team members with Session 1 starting at 7:00 – 8:00 GMT and Session 2 starting at 17:00 – 18:00 GMT. This is a specific time in which members can discuss their trades and learn about other trade setups from Andrei himself through the use of the live chat and what is called a whiteboard feature, which is basically a way to copy and paste content from your computer into the Pro room for everyone to see and go over. Andre splits the time up very well between answering members questions and input and his own daily lesson plans. Each day also has its own theme so that you never feel like each day is a repeat of the last and every daily session is also recorded so you won’t miss out if you’re unable to make it to the live session.

There’s far more I could go into, but I believe the points mentioned above should be sufficient enough for you to see that fxKnight.com is not in the same league as most of the other educational forex websites. Perhaps the biggest point that I could get across is the sense of community and overall positive environment that Andrei and his team have created. Andre does not come across as some sort of conceited forex guru whose choosing to bestow upon us the powers of reading the forex market. Instead he seems very down to earth and well informed and delivers his knowledge and experiences in an exceptionally encouraging manner that leaves one with more affirmation that they too can become a successful trader while not having to feel like the road is going to be long and hard and perhaps even a dead end at the end of the day. Whether you are seeking a foundation on which to build your forex career, or you are simply looking for that elusive edge that will get you to that next level of trading, I personal can vouch for the services offered at fxKnight.com.

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