Straight answers to the questions we get most about forex trading, MT5 copy trading, account safety, and billing. Every answer is self-contained, so you can jump to the section you need.
Brand new to trading? Start with our beginner questions page for first-account basics like pips, leverage, and demo accounts.
General Forex Questions
Forex trading is the buying and selling of currency pairs, such as EURUSD or GBPUSD, with the aim of profiting from changes in exchange rates. The market runs 24 hours a day, five days a week, across sessions in Asia, Europe, and North America. Traders speculate on whether one currency will strengthen or weaken against another. Many traders also follow gold, quoted as XAUUSD, which trades on the same platforms and charts as currency pairs.
XAUUSD is the symbol for spot gold priced in US dollars. Gold attracts traders because it is deeply liquid, reacts strongly to economic news and interest rate expectations, and produces the kind of sustained moves technical traders like to study. It also behaves differently from currency pairs, so many traders treat it as a specialty in its own right. Gold is the market Elite Gold Academy is built around, which is where the name comes from.
A strategy is a complete set of rules: what to trade, when to enter, where the stop loss goes, and how much to risk. A signal is a single trade idea produced by someone else applying their strategy, usually with an entry, stop loss, and target. Signals can save you time, but they work best when you understand the risk rules behind them, because position sizing on your own account is always your decision.
Most risk management guides suggest risking a small fixed percentage of your account on any single trade, commonly framed as the 1-2% rule. The exact number matters less than consistency. Keeping risk identical on every trade protects you from one bad position undoing weeks of progress, and it keeps your decision-making stable during losing streaks. Position size should be calculated from your stop loss distance, not from how confident you feel about the setup.
The classic mistakes are over-leveraging, trading without a stop loss, revenge trading after a loss, and abandoning a strategy after a short losing streak. Almost all of them come from treating trading as a series of individual bets instead of a long-run process. A written plan, fixed risk per trade, and a simple trade journal remove most of these errors before they can compound.
There is no fixed timeline, and anyone who promises one should be treated with caution. Progress usually comes from narrowing down to one strategy, applying fixed risk on every trade, and reviewing results across a large sample rather than judging yourself trade by trade. Consistency in process comes first, and consistency in results follows from it. Expect the learning curve to be measured in months of deliberate practice, not days.
Copy Trading Questions
Copy trading automatically mirrors the trades of a master strategy onto your own account. When the strategy opens, modifies, or closes a position, the same action is replicated on your account. With Elite Gold Academy, copying happens on your own MT5 account at your own broker, so every trade appears in your own terminal as it happens and you can watch exactly what is being done and why.
Your broker does. Elite Gold Academy never takes deposits. You keep your own broker, your own MT5 login, and full control of your funds at all times. The copy trading service only sends trade instructions to your account. It has no ability to deposit, withdraw, or move money. If you ever want your capital back, you withdraw directly from your broker, exactly as you would without us.
No. Any broker supported means you can connect an MT5 account from the broker you already use, or choose a new one yourself. Because Elite Gold Academy is not a broker and does not take deposits, there is no requirement to move your money anywhere. If your broker offers MT5 accounts, you can copy trade with it.
You connect from inside the Elite Gold Academy app. After you sign up, the app walks you through linking your MT5 account using your account number and broker server details. Once connected, trades mirror onto your account automatically. If you get stuck at any step, support can walk you through onboarding directly. Plan details, including how many accounts you can connect, are on the pricing page.
Yes. You stay in control of your account at all times. You can pause or stop copying, close positions manually from your own MT5 terminal, or disconnect the account entirely. Because the funds sit at your broker and the MT5 account belongs to you, no permission from Elite Gold Academy is needed to stop, withdraw, or change anything.
No, and nothing in trading does. Copy trading removes the manual work of placing trades, but it does not remove market risk. The strategy you copy can have losing trades and losing periods. Treat copy trading like any other trading decision: understand the approach you are copying, use money you can afford to put at risk, and review performance regularly rather than setting it and forgetting it.
Safety and Custody Questions
No. Elite Gold Academy is not a broker and does not hold client funds. We provide trading signals, education, and copy trading technology that connects to the MT5 account you hold at your own broker. That separation is deliberate. Your money stays with your broker, and our role is limited to information and trade automation on the account you control.
Directly from your broker, exactly as you would if you had never used Elite Gold Academy. Withdrawals, deposits, and account funding all happen between you and your broker. Elite Gold Academy has no access to that process and never asks you to send funds to us. If anyone claiming to represent us asks you to transfer money to a personal account or wallet, treat it as a scam and report it to support.
The biggest red flags are guaranteed returns, pressure to deposit quickly, requests to send money to an individual rather than a regulated broker, and services that want to hold your funds for you. Legitimate services let your money stay in your own brokerage account and are clear about risk. Always verify websites and app store listings independently, and never share your trading passwords with anyone you have not verified.
Trading leveraged products carries a real risk of losing money, and losses can build quickly during fast markets. Copy trading adds a dependency on someone else’s strategy, which can go through drawdowns you did not anticipate. Manage this the way disciplined traders do: trade with money you can afford to lose, keep position sizes conservative, and treat any single strategy as one part of your overall financial picture, not the whole of it.
Billing Questions
Plans and current prices are shown in the app at checkout, and the access options are outlined on our pricing page. We keep the app and the pricing page as the single source of truth so you always see the current offer. If you are unsure which option fits you, message support after signing up and the team will point you to the right one.
Subscriptions are managed through the app you signed up with, and any billing question can be raised with support from inside the app or through the support page. If something looks wrong with a charge, reach out before assuming the worst. Most billing issues are resolved quickly once support can see your account.