In this post I will be reviewing the LeapFX Trading Academy which contains some forex trading tools and training content that is aimed at helping you to improve your trading knowledge and skills. LeapFX already have a selection of automated trading systems which I have reviewed in the past, this time they have expanded into the manual trading side of things.
The Trading Academy teaches a trading strategy that the LeapFX team claim is used by top traders around the world including banks and fund managers. Regardless, there are some useful tips to take away from the academy even if they are going to be incorporated into your own trading strategy.
LeapFX Trading Academy Review
The Trading Academy teaches how to find potential trade setups using a combination of technical indicators and price action analysis. These can be taken as stand-alone trading signals or used in combination with an existing strategy to further filter trade entries.
The trading strategy taught within the academy can be used on any forex currency pair although I would personally prefer to trade major currency pairs such as the EURUSD and GBPUSD due to the fact that they will usually be the most liquid with tighter spreads than some of the more exotic currency crosses. I would also look at using an ECN forex broker for the best possible execution speeds with minimal slippage.
With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
What else I find useful is that the strategy can be used for short and long term trading, thus making it flexible to suit the needs of different trading styles. E.g. One trader may wish to trade all day on the 5-minute charts whereas another may wish to check the daily charts once per day for a trading signal. It is of course imperative to have your money management in check, ideally with winning trades outweighing the losing trades, thus giving a positive risk to reward ratio.
Aside from a trading strategy, the LeapFX Trading Academy can help you to think about some basic trading principles such as trend lines, support/resistance, price action trading psychology, money management and more. Some of these principles are often over looked by new traders but can be as important as having a good trading strategy. I have seen the same trading strategy perform different between traders simply due to them having different personalities!
Among the features of the LeapFX Trading Academy you get:
- Trading templates and software used to assist with trading.
- Access to 10 easy to understand training modules (and growing).
- Market and trade analysis updated frequently to help you learn and take more intelligent trades – and learn from trades (even join in with the LeapFX team).
- Video trainings added as they create more to help you excel further as a trader.
- Access to LeapFX team and other traders at LeapFX so you can get help!
LeapFX Trading Academy Summary
Overall, the LeapFX Trading Academy can be a useful resource for both beginner and experienced traders who are looking to increase their trading knowledge and learn a new trading strategy.
It aims to teach you some of the most important things that you need to know before trading and then combining them all together into a very flexible trading system that can be amended to suit different traders’ individual needs.
You can put what you learn here to use on a demo practice trading account until you consistently do well and feel ready to trade on a live trading account. The academy comes with full support and a money back guarantee.