What is Forex?

The Foreign Exchange market, also referred to as the  "Forex" is the largest financial market in the world, with a volume of about $2 trillion a day. It also trade 24 hours/day.

 

Why should I trade Forex?

Forex trading is attractive because it offers unparalleled freedoms. You can live almost anywhere as long as you have access to the internet. Forex trading allows you to work from home or even trade while traveling! You decide when to trade and when not to. Best of all, it has a minimal time requirement.

 

What is traded on the Foreign Exchange?

Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example EUR/USD. Currency is held in an online account through an electronic broker.

 

What is a Pip?

A pip is the smallest price increment in Forex trading - pip stands for percentage in point. Prices are quoted to the fourth decimal point in the Forex market, except the Japanese Yen (JPY) which is quoted only to the second decimal point.

 

Example:  If the EUR/USD bid price rises from 1.4500 to 1.4501 this represents an increase of 1 pip.

 

What is the value of a Pip?

It depends on which currency pair you are trading, but for most pairs 1 pip equates to around $1 in a mini account, and $10 in a standard account?

 

How much does in cost to trade Forex?

You can get started with a mini account for as little as $500 and a standard account for $5000. A mini account is one of the best ways to get started. It allows you to trade 10,000 units of currency for around $100 (1 mini lot).*

 

What is a standard lot and mini lot?

A Forex lot is used to measure the amount of a deal. The value of the deal consists of a certain number of lots. A standard lot is usually worth around $1000. A mini lot is usually worth around $100. Both allow you to trade with 100:1 margin.*

 

What is margin (leverage)?

Margin allows you to control a much larger total contract value with just a small deposit. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. For example, Forex brokers offer 100 to 1 leverage, which means that a $100 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies.*

 

What is a Stop-Loss?

A stop-loss order is an order type whereby an open position is automatically liquidated at a specific prices you set. This is used to minimize exposure to losses if the market moves against your position.

 

Can I open a practice/demo account?

Yes! In fact we recommend practicing with a demo account before using real money. The following brokers offer demo accounts:

 

Canada:    QuestradeFX

USA:           MB Trading

Europe:      Dukascopy

 

What broker do you recommend?

The top 3 brokers we recommend are listed above. We do not receive any incentives for these recommendations. They are merely based on our in-depth research and the reviews of many other Forex traders.

 

What risks are involved in trading Forex?

Forex does involve risk but the good news is that these risks are controllable. Your trading results are largely dependant upon your ability to use a profitable system, have good money management, use a stop-loss, have control over your emotions, and show consistency and discipline. Because there is risk associated with the Forex market, you should only trade funds you can afford to lose.

 

 

 

Is space limited for your service?
Yes. We have recently re-opened a limited number of spots for new members. Once these spots are filled we will not be taking any more members. If you are wanting to join you may want to do it soon as space is filling fast. (Note: We have closed to new members twice already due to our membership cap being reached. Although we are open to new members now, we do not expect this to last long)

How exactly do you generate your signals?
 Our signals are generated through an evolving cyclical model that uses highly complex algorithms generated by advanced computer software. The computer model looks at the behaviour of large groups of people over a given time and applies it to the financial markets.
What time do your signals come out?
We post our signals by Saturday EST. (New York Time) on our website, for the coming trading week.

What currency pairs do you trade?
 We currently post weekly signals for 10 currency pairs:  EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, EUR/JPY, AUD/USD, NZD/USD, EUR/CHF & GBP/JPY.

Do you use a Stop-Loss?
Yes. We always use a stop-loss to safeguard our positions in case the market moves against us. We tell you beforehand how many pips you should set for your stop-loss for each pair/signal.

Is this system 100% mechanical?
Yes. All that is required on your end is to be available at the times we give to execute your trades. There is no need to evaluate or make subjective decisions of where/when to enter & exit trades. We give you the exact entry & exit times and a stop-loss amount with each currency pair.

How long do you hold the positions for?
We hold positions for anywhere between 1 - 5 days, but the average is around 3 days.

What is the best way to trade your signals?
Our system was developed to minimize the time needed to be successful in the Forex market. There is no need to sit in front of your computer monitoring your trades. It is important that you follow the instructions carefully of when to enter a trade and when to exit that trade. Our model is based on predicting pivot times in the market. This is why we don't offer any price level data. Simply log in to to members section Sunday evening to see the signals issued for the week. Make sure that you are able to be around at the times specified to open/close your trades.

Can I pick which pairs I trade or do I need to trade them all?
You are welcome to pick which pairs you would like to trade, but we recommend sticking with those pairs and trading every signal that comes out for them for at least 1-2 months. This will help balance your trading account and ensures that you don't miss out on profitable trades for the pairs you are trading. For maximized diversification, we recommend trading all of the pairs.

What if I'm not available to open/close the trades at the times specified?
If this is the case, just skip those trades and trade the signals where you know you'll be available to open/close your positions. We do not recommend opening/closing trades at different times than the times specified by our system.

Can I close my trade before the specified closing time if I am in good profit?
You can but we don't recommend it. Many times we will be in profit over 100 pips only to have the trade go to over 150 sometimes over 200 pips by the time the specified closing time comes. It is for this reason that we recommend sticking with your trades till the specified closing time. (Your results may vary, perhaps negatively, if there is a deviation from the signal timeframe.  No guarantee is given that your results will be identical to the signal results as they do not take into consideration the spread or execution.)

How much can I expect to make with your system?
It depends on which pairs you trade, how much leverage you use, and your ability to execute the trades at the times give with our signals. Our performance history will give you a good idea of what kind of profit is possible. (Please remember past performance is not indicative of future success, your results may vary.) Take the total monthly pips for each pair and multiply that amount by $10 or $1 to get the total amount you would have made for that pair if you used 1 Standard Lot, or 1 Mini Lot respectively.

How much leverage should I use with your system?
That all depends on how much monthly return you are looking for and how comfortable you are with the potential risks. The more leverage you use, the more profit you can make, but you can also lose more on any unprofitable trades. Below are 5 different strategies you can use:

Strategy Mini Acc. Leverage Standard Acc. Leverage Potential Monthly P/L
       
Aggressive 1 lot per $750 1 lot per $7500 25 - 50%*
Balanced 1 lot per $1500 1 lot per $15,000 12 - 25%*
Conservative 1 lot per $2500 1 lot per $25,000 8 - 15%*

*Percentage figures are applied to the value of your entire Forex account and are based on trading every signal issued for every pair. These are estimated percentages and actual results will vary.

How much do I need in my Forex account to trade every pair/signal you offer?
Since we have an average of around 9-10 pairs open at one time, you would simply multiply the amount per lot we recommend based on the leverage strategy you choose above.  For example, if you have a mini account and you choose the Aggressive strategy:  10 x $500 = $5000 minimum account value needed to trade every signal for every pair. You can apply this same equation to any amount of pairs you choose to trade.

Do you offer a free trial?
Yes. We allow you to try out our service for free for 5 days. There is no obligation to continue past your free trial, and if you cancel before the trial is up, you will not be charged anything. Click here to get your free trial now.