Exclusive Interview with Andrew Mreana, Founder & CEO at InstructFX

Andrew Mreana, founder and CEO at InstructFX, an experienced business development manager / trader and sales training expert with a demonstrated success in the financial industry. In the past 10 years Andrew worked for many retail & institutional FX brokerages in Europe helping businesses, clients & employees succeed in their career.

It is Fazzaco's great honor to have Andrew with us today, and we had an awesome Q&A, covering numerous topics from forex education to the recent Binance incident.

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Fazzaco: Hello Andrew! Thanks for joining Fazzaco today! Could you please introduce yourself and InstructFX to our readers first?

Andrew: Hi everyone and thanks for having me. Sure.

I'm Andrew Mreana, Founder & CEO at InstructFX and for the last 10 years I've worked in many FX Brokerages in Europe.  At the beginning of 2020 I took the decision to end my FX & CFDs career and I started InstructFX, which is a hub where traders can learn for free the Reality of Financial Markets and Online Trading with all its risks and rewards from Industry Professionals.

We also broadcast Daily, on YouTube, Twitch.tv and Facebook, 30 minutes before the US Markets Open for a few hours and we try to bring everyone the raw information from reliable sources and top industry specialists.

Fazzaco: Fazzaco aims to improve the FX B2B situation. Could you elaborate on the B2B solutions provided by InstructFX?

Andrew: Brilliant. Of course.

In terms of B2B, InstructFX provides a series of courses for staff members and junior management covering all aspects of working in a financial firm from Product Training, Exquisite Customer Support, Mind Power Training, Lifestyle, Compliant Sales Techniques and last but not the least and probably the most important course which is, How to Manage a Team and keep The Team in the Company.

So basically we bring our B2B clients our combined experience as a team in many financial firms and many Geo locations and we also bring their staff a fair point of view of someone that was in their shoes for years and someone that truly understands them and not someone that was just appointed manager after 1 year on the sales floor like we saw in many cases.

Fazzaco: 1 on 1 mentoring is rare in forex education. What makes the 1 on 1 mentoring service of InstructFX distinctive?

Andrew: I beg to differ hahaha.

From my experience 1 on 1 mentoring is one of the most valuable tools and marketing hooks that many FX Firms advertise for years and some even charge clients' "big bucks" for courses but the question is …..What does the client gets after paying a hefty amount for the course?   I spoke with clients that paid up to $5000 for courses and they didn't even know how to place a SL at the end of the 1 month course LOL.

That's why we've decided to provide the Basics Completely FREE so everyone at least gets a Fair Chance on the markets and not some unrealistic dreams inoculated by some unprofessional account manager or retail trader or the so called "trading gurus" like we all see on social media.

​What makes us distinctive…….

First of all our experience in the markets is public and transparent, we never promote a glamorous lifestyle, and we never give investment advice. We share with our clients our experience gained in years of working behind the scenes and seeing fortunes being made or lost by traders and we can't stress enough the risk involved in trading every time we have the chance.  

See it this way…….A "trading guru" most times is a retail trader that either learned the hard way how financial markets work or never worked in a trading firm and now he gives investment advice to anyone that's willing to listen on social media claiming that you can live a luxurious lifestyle with a $500 investment so he is a money patient just like you.  

If you go to the hospital with a condition, would you rather ask a patient with a similar condition as yours for a cure or you would ask someone that actually works or worked in the hospital?  This is the exact thing.

We all worked in the industry and our experience is public while some "trading mentors" wouldn't even qualify for a job in a financial firm. I hope this answers your question. 

Oh by the way….. I am planning a BIIG announcement beginning of September that will be a game changer but that's all I can say for now. That will definitely answer your questions about what makes us different haha.

Fazzaco: What is the most important principle of forex education you believe that a trader (both individual and institutional) should understand? Why?

Andrew: Risk, Leverage and how to test the Trading Firm and your Account Manager.

It all starts with the Trading Firm and the Account Manager.  You know when you get that phone call one day? "Hi…is this Mr./Mrs.?" That's the start. If your Account Manager is more interested in making you deposit on the spot than making sure you understand what trading is and if this is the right thing for you, then you might have a bumpy start. It's like learning to drive…If your learn how to drive with a getaway driver…don't expect much.

Then you have the Risk which comes from trading Leveraged instruments. You have to understand that you are trading CFDs and not purchasing the underlying asset which again seems to be a problem for many retail traders…not understanding how they can Short something they haven't previously bought. And here comes in the Leverage.

Understanding how Leverage works is vital and the key words around Leverage will be, Stop Loss, Exposure, Margin and Stop Out. If you don't understand the basics there is no point talking about a trading career.

Also…Trading Hours. Not every day is a good day to trade.  Part of trading long term is being patient and sticking to some basic rules. Trading 200 times per day as a beginner trader won't bring you more profits on the long run, it will only put more pressure on your trading account, on your wallet and on your mental state.

Fazzaco: It is to our understanding that you will attend the upcoming iFX EXPO in Limassol this October as a speaker? What will be the keynote of your speech?

Andrew: Hehe. Yes. Guilty for that. That's a great honor and I hope egg sales will be forbidden on 1 mile radius during the event. Haha.

I will be moderating a panel that talks about the latest changes in the Financial Industry in terms of Affiliates and IBs but I can't disclose more at this stage. #Spoiler Alert

Come and see me Live at the event and let's see how we could all adapt to the latest changes in the industry and most importantly to what the public wants as we have the millennial traders trying to run the show now and that's a completely different ball game.

See you at the Expo yes ? And don't forget to subscribe to our YouTube Channel.

Thank you so much for the opportunity once again.