Beyond Traders - BeyondTraders.com BT Private Traders Club Come Trade with Us

Frequently Asked Questions

Why do you use the London FTSE as your main live market for coaching day trading for futures?

The times that this market is open is very convenient for Aussies, Europeans and Asian countries. So it is really suitable for our lifestyle here in Australia. It means you can stay back at work (if you have a day job) for 1.5 hours to trade or login from home any time from 5pm New South Wales, Australia time (from 7pm during daylight saving hours) through to 6am. This market can also provide some great trending movements compared to other popular futures markets.

Do you provide live market coaching in the Australian SPI futures?

Yes. We generally open our Live Market Room for two hours, Monday to Wednesday and often five mornings per week. We also regularly coach in the Australian SPI200 Futures and the European Fx Futures market, at the open of the Australian market (9.50am New South Wales, Australia time).

How soon can I start trading live?

You have access to all our training, education material and support from day one, including our Live Market Room, so you can fast track your training to start trading live whenever you are ready, as it is a self-paced education program. Our training guide steps you through our education program over three months, with ongoing weekly online education sessions. One of the key's to trading success is Practice, Practice, Practice.

After three months can I still login to the Live Market Room?

Yes. This is an option, after three months from joining BT. You can continue to have unlimited access to the Live Market Room to view our charts with the coded indicators and listen to the live market coaching sessions. This is a monthly subscription service and includes a personal set of coded BT indicators for NinjaTrader and our weekly Stock and CFD report. See the 'Membership' for details.

Do I have to use the NinjaTrader platform?

No. The Indicators are coded for use with NinjaTrader, however, you can use the Free HalifaxOnline platform instead and we will provide you with a link to download the Green Go Lines onto this platform, but the Arrows which confirm the Green Go Lines will not appear on the HalifaxOnline screen.

Can I trade any market after I learn to trade with BT?

Yes. Our complete education program will teach you how to day trade Futures, trade CFDs and Shares, and trade the Forex. Our live market coaching room is focussed on day trading futures but once you learn how to trade one market, you can choose to trade in any market at a time that suits your lifestyle, income goals and risk profile.

Do I have to live in Australia to join BT?

No. We have members from other Country's. All you need to have is a computer and internet to learn to trade with BT and then you can trade online from any location around the Globe.

Are there any other costs associated with trading in addition to the BT Membership fee?

Yes. There are several other costs which you should factor into a trading business:

1. You need a high speed, reliable internet connection, as you will be trading online. You should factor in approximately AU$50 to $70 per month for your internet service, depending on how often you will be trading.

2. You need a computer. Either a desk top or a notebook computer will do, depending on whether you will be trading from one location or travelling between different locations. Most people just use their existing computer for trading.

3. If you decide to use the NinjaTrader platform for your charts and trade management, NinjaTrader charge you US$60 per month (only once you have a live brokerage account).

4. Some brokers charge you for live market datafeed and these fees do vary between brokers and the markets you decide to trade. Other brokers factor this cost into their brokerage charges. Datafeed fees can range from AU$0 to AU$70 and Up, depending on your choice of broker and markets.

5. You will need to have some money for your trading account, to trade live. This amount will vary according to the market(s) you decide to trade, the number of contracts (shares or lots) which you decide to trade, and your broker. In general, you could start trading with as little as AU$1,000 if you want to trade cfds or shares, or AU$3,000 if you want to trade futures or the forex. This amount will vary and may be higher with some brokers.

6. Brokers charge you a commission or spread, each time you trade. In general, AU$7 to $20 per 'round turn' (eg. buy and sell) trade could be payable for trading futures contracts, however BT has established special discount rates with some brokers, so this fee is generally very competitive in the market place. If you are trading CFDs or the Forex, brokers charge you a spread instead of a fixed $ commission fee. This spread can range between 2 and 4 points (or pips) depending on the broker and the market. This spread can often be much higher during certain trading hours. If you are trading shares, you will generally be charged a fixed commission fee, which can range from $20 to $70 depending on the broker's service.

7. After three months, If you want to continue accessing the BT Live Market Room, a Personal Set of BT Coded Indicators and weekly Stock and CFD report, there is a small monthly fee for these services, ranging from AU$50 to AU$150 plus gst, per month, depending on the services you would like to have unlimited access to. See our 'Membership' for further details.