Can You Really Master Forex Trading with IM Academy?
In the world of investing, forex trading has become an increasingly popular choice for those looking to earn substantial returns on their investment. However, forex trading is not a simple endeavor, and it requires a significant amount of knowledge, skill, and experience to navigate the markets successfully. For those who are interested in learning forex trading, it can be challenging to find reliable resources that can provide the proper guidance and education needed to become a successful trader. This is where IM Academy comes in.
IM Academy is an educational platform that has gained popularity among aspiring forex traders. The academy offers a comprehensive forex trading education that aims to help traders master the art of trading the markets. But can you really master forex trading with IM Academy? In this article, we will review the academy, the resources it provides, the benefits of learning with IM Academy, and other essential information that will help you decide whether IM Academy is the right choice for you.
What is IM Academy?
IM Academy, previously known as iMarketsLive, is a multi-level marketing platform that provides education and training on forex trading, cryptocurrency trading, and other financial markets. The academy was founded in 2013 by Christopher Terry, a former trader, and investor. The platform aims to offer a comprehensive education that teaches traders how to trade the markets successfully.
IM Academy's curriculum includes live trading sessions, pre-recorded video lessons, webinars, and worksheets. The academy has an MLM structure, which means that members can earn commissions by referring other traders to the academy. While IM Academy's MLM structure has attracted criticism, the academy's education quality has earned praise from many traders.
The Resources Provided by IM Academy
IM Academy offers a wide range of resources that are designed to help traders improve their skills and knowledge. Here are some of the most significant resources provided by IM Academy:
Live Trading Sessions
One of the most valuable resources offered by IM Academy is their live trading sessions. These sessions give traders the opportunity to watch professional traders trade live in the markets. During the sessions, traders can observe the trades being made, ask questions, and learn from the traders' strategies.
Pre-Recorded Video Lessons
IM Academy also provides pre-recorded video lessons covering various aspects of forex trading. The video lessons are structured in a way that takes traders from the basics of forex trading to advanced strategies and approaches. The video lessons are taught by experienced traders who provide insights into their trading strategies, market analysis, and portfolio management.
Webinars
IM Academy conducts webinars that are aimed at helping traders stay up-to-date with the latest happenings in the financial markets. The academy invites guest speakers who provide valuable insights into the markets, analyze market trends, and share their trading strategies.
Worksheets and Learning Material
IM Academy provides learning material and worksheets that are designed to help traders track their progress and measure their success. The worksheets cover various areas of forex trading, including market analysis, risk management, and trading psychology.
Community Support
IM Academy provides access to a community of traders who share their experiences, trading strategies, and market analysis. The community support is an essential resource for new traders who need guidance and support in their journey to becoming successful traders.
The Benefits of Learning Forex Trading with IM Academy
IM Academy's comprehensive forex trading education offers many benefits to traders. Here are some of the significant benefits of learning forex trading with IM Academy:
Comprehensive Education
IM Academy's curriculum covers a wide range of topics related to forex trading. The education is structured in a way that takes traders from the basics of forex trading to advanced strategies and approaches. The comprehensive education provided by IM Academy is invaluable for traders who want to build a strong foundation in forex trading.
Access to Professional Traders
IM Academy's live trading sessions give traders the opportunity to watch professional traders trade live in the markets. Traders can observe the trades being made, ask questions, and learn from the traders' strategies. This kind of access to professional traders is a rare opportunity and can help traders learn how to trade the markets successfully.
Community Support
IM Academy provides access to a community of traders who share their experiences, trading strategies, and market analysis. The community support is an essential resource for new traders who need guidance and support in their journey to becoming successful traders.
Self-Paced Learning
IM Academy's curriculum allows traders to learn at their own pace. This feature is particularly useful for those who have full-time jobs or other commitments. Traders can learn at their convenience and take their time to understand the concepts and strategies taught by IM Academy.
Affordable Pricing
IM Academy's pricing is affordable compared to other educational platforms in the industry. The academy offers various pricing plans that cater to traders' needs and budgets. The academy also offers a 7-day trial period that allows traders to test the academy's education and resources before committing to a pricing plan.
Drawbacks of Learning Forex Trading with IM Academy
While IM Academy offers many benefits to traders, there are also some drawbacks that traders should be aware of before joining the academy. Here are some of the most significant drawbacks of learning forex trading with IM Academy:
MLM Structure
IM Academy operates using a multi-level marketing (MLM) structure. The academy encourages members to refer new traders to the academy and earn commissions on their purchases. This structure has come under criticism, with some traders claiming that it gives the academy a pyramid scheme-like feel.
No Guarantee of Success
IM Academy's education and resources can only take traders so far. There is no guarantee that traders who learn with IM Academy will become successful traders. Forex trading is a risky venture, and traders should be aware of the risks involved before committing to any educational platform.
Conclusion
IM Academy can be an excellent choice for traders who are serious about mastering forex trading. The academy offers comprehensive education, access to professional traders, community support, and affordable pricing. However, traders should be aware of the academy's MLM structure and the fact that success in forex trading is not guaranteed.
In the end, the decision to learn forex trading with IM Academy ultimately depends on the traders' goals, needs, and preferences. Traders who want to take their forex trading game to the next level should consider learning with IM Academy and taking advantage of the academy's education and resources.