Before you sign up for your next Forex class, find out the answers to these important and revealing 17 questions:

Use This Checklist To Make Sure Your Forex Teacher Is Real

(for more detail about each of these questions, see our last 4 blogs, which talk more about how you can save yourself from getting scammed.)

Here is our complete checklist of 18 points to review before signing up for your course.

Use This Checklist To Find Your Next Ace Forex Teacher

Before you sign up for your next Forex class, find out the answers to these important and revealing 17 questions:

1. Does this teacher currently trade forex?

2. Does this teacher trade a live or demo account?

3. Does this teacher make the trade statements from their account available to their students?

4. How long has the teacher been trading and teaching this exact forex strategy?

5. Does the teacher insist that their students keep a trade log record of all their forex trades?

6. Will the teacher spend anytime in class talking about the mental component of trading forex?

7. How much of the teacher's instruction covers money management?

8. Cross-check that the recommended risk matches the actual risk shown in the teacher's trades.

9. Google the teacher and see if there are any pending class action lawsuits against him or her, or criminal investigations.

10. Go to the the NFA website and do a BASIC search for this teacher and look for complaints registered.

11. Look for reviews of the class that are not on the teacher's website.

12. Does the teacher demonstrate with the Forex Tester?

13. Does your teacher exit trades when the chat room is closed at an "ideal price" and then tell you about it afterwards?

14. Does your teacher manage stops on their own trades the same way they instruct you to? 

15. Don't be deceived by a teacher's claim about how many pips they made.

16. Carefully check the statements you are given to see what time period they cover.

17. Teaching versus Showing.