Can You Really Master Forex Trading with IM Academy?
Introduction:
Forex trading has become increasingly popular over the years, and more people are seeking to develop their forex trading skills and knowledge. However, mastering forex trading can be a daunting task, primarily for beginners. That's where forex education platforms like IM Academy come in, offering a wide range of resources and support to help traders navigate the markets.
In this review article, we'll explore whether IM Academy can really help traders master forex trading and achieve their financial goals.
What is IM Academy?
IM Academy (formerly known as iMarketsLive) is an online education platform that provides forex trading and cryptocurrency education resources. The platform offers a range of tools, including live trading and market analysis, webinars, video courses, and access to experienced traders.
Can you really learn forex trading with IM Academy?
The short answer is, it depends. IM Academy's resources and teachings can be a valuable resource for traders looking to develop their forex trading skills. However, the success of learning forex trading with IM Academy will depend on a variety of factors, including your previous experience, commitment, and learning style.
In general, IM Academy is a suitable choice for beginners who are just starting, intermediate traders looking for more advanced strategies, and advanced traders looking to refine their skills.
What does IM Academy offer?
IM Academy offers a range of resources and tools to help traders master forex trading. These include:
Live Trading Rooms
Live trading rooms are online sessions where traders can watch experienced traders analyze the markets and execute trades live. This tool allows traders to learn how to apply the concepts they've learned in real-time.
Webinars
IM Academy hosts regular webinars that cover different aspects of forex trading, such as market analysis, risk management, and trading psychology.
Education Library
The educational library consists of pre-recorded video courses covering various topics of forex trading. It allows traders to learn at their own pace and provides an excellent starting point for beginners.
Swipe Trades
Swipe Trades is an application that provides trading signals and alerts to traders. This tool alerts traders to potential trading opportunities and provides analysis to support their forex trading decisions.
Can you really master forex trading with IM Academy?
The truth is, mastering forex trading requires more than learning from IM Academy or any other education platform. It involves practice, discipline, patience, and a willingness to learn from your mistakes.
IM Academy can certainly provide valuable forex trading resources, but it's up to the individual trader to apply the knowledge learned and develop their own strategies to become successful traders.
Is IM Academy a Scam?
One question that often arises about IM Academy is whether it's a scam. There have been concerns about the business model of the platform, which involves referral marketing.
While some people have reported negative experiences with IM Academy, it's essential to note that the platform is not a scam. IM Academy provides valuable forex trading resources that can help traders improve their trading skills and grow their portfolios.
How much does IM Academy cost?
IM Academy offers different pricing options based on the period of subscription. The options include:
- Monthly Subscription: $233
- Quarterly Subscription: $577
- Yearly Subscription: $2,277
While these prices may seem steep, it's essential to consider the value of the education and resources provided by the platform.
IM Academy Pros and Cons
Pros
- Provides a comprehensive range of forex trading education resources and tools
- Suitable for beginners, intermediate traders, and advanced traders
- Offers live trading rooms where traders can watch experienced traders execute trades in real-time
- Provides access to experienced traders who can answer any questions traders may have
Cons
- The subscription fee can be expensive
- IM Academy's referral marketing model may not be suitable for everyone
- The platform may not be effective for traders who have different learning styles or require personalized attention.
Conclusion
IM Academy can be an excellent resource for traders who want to learn forex trading. The platform provides valuable resources and tools that can significantly improve a trader's skills and knowledge.
However, traders must understand that mastering forex trading takes more than just learning from IM Academy or any other platform. It requires commitment and discipline to apply the strategies learned and refine them over time.
Overall, if you're considering IM Academy, you should weigh the pros and cons and decide whether the platform is the right fit for your learning style and financial goals.
Reference
iMarketsLive Review 2021: Is IM Mastery Academy A Scam?
IM Academy Review: Can You Really Master Forex Trading?