What is
Forex?
The system of global trading in foreign currency is known as the
Foreign Exchange Market, Forex, or just FX. Over the last three
decades the foreign exchange market has become the world's largest
financial market, it trades over $1.5 trillion USD daily; more
than three times the aggregate amount of the US Equity and
Treasury markets combined. Forex is part of the bank to bank
currency market known as the 24-hour Interbank market.
Why Forex trading?
Forex trading is attractive because it offers unparalleled
freedoms. A Forex trader can live almost anywhere as long as
he/she is within reach of the internet. A Forex trader can work
from home or office, and in some cases, even trade while
traveling! A Forex trader can usually choose his/her own hours to
work since the global foreign exchange market is open 24 hours a
day. A Forex trader avoids many common headaches associated with
running a business because there is NO inventory, NO shipping, NO
billing, NO collections, NO employees, NO commuting and NO dress
code. And finally, since Forex traders can potentially earn a very
high income, they enjoy the possibility of never, ever working for
someone else again!
How high
are the risks in FOREX trading?
The risks can be high but also controllable. Forex traders around
the world are competing against other forex traders, banks, and
institutional traders who are seeking the same potential rewards
from their own trading activities. Money management, discipline,
talent, and a lack of emotion are traits you will want to develop
in FOREX trading. But remember, FOREX Trading is speculative and
any capital used should be risk capital. In fact, we recommend
that you trade on a demo account until you have shown profit for
at least three consecutive months before trading real money.
What are
"long" or "short" positions?
A long position is one in which you buy a currency at one price,
with the expectation of selling it later on at a higher price.
Obviously, you anticipate that the market will rise. A short
position is one in which you sell a currency with the expectation
of buying it back at a lower price. Here, you expect the market to
fall. Every FX position you take automatically entails going long
in one currency, and short the other. If you buy one, by default
you are shorting the other.
What is a
Pip?
A pip is a term used in the currency market to represent the
smallest incremental move an exchange rate can make. Depending on
context normally one basis point is 0.0001, as is the case of EUR/USD,
GBP/USD, USD/CHF. In example if the EUR/USD moves from 1.2561 to
1.2562 it is one pip.
How much a
pip worth?
If you trade the full contract (100k of currency) the EUR/USD and
GBP/USD are worth approximate $10. In other words if you have a
trade with 50 pips in profit, it means the gain is $500. ($10 per
pip x50 pips). If you trade a mini account is 1/10th of the size,
50 pips will worth $50.
Which are
the pairs traded by the system?
We generate signals for 3 pairs: EUR/USD, GBP/USD and USD/CHF.
How long are
positions held?
All open trades are closed at 5.00 PM New York time and new
signals will be placed on the members area the day after at 5:00
am EDT.
When are signals
sent and how often?
Our signals are placed on the web site at the members area around
5:00 am New York time during business week. We only issue new
signals at this time, no further intra day instructions are
necessary since we indicate entry, exit and stop loss in advance.
What broker do you
recommend to trade your signals?
We have now a promotion: Just register with AVAFX broker to get our TWO
MONTHS Subscription ($189 value) completely for FREE. After that
just send us a email and we will activate your account within 24
hours.
Are the spreads
deducted from the performance?
Yes, they are.
How much time does
it take to follow your system?
Only minutes per day, check for new signals at 5:00 am EDT and
place the orders with your broker. You can place all the orders in
advance until the next day.
How are the
trades generated?
We use a proprietary price/resistance system based on previous day
volatility. The system generates high probability entry points for
the next day, if the price trades at our entry point level most
likely will continue to move in that direction.
Is the
system mechanical?
Yes, it is 100% mechanical; there is no subjective criteria to
follow the trades.
With so
many web sites offering signals, why BuyForexSignals.com?
There are many web sites offering forex signals, but only a few
are honest reporting their results. We report the trades as they
happen, with no hidden rules or subjective criteria. All
instructions are given in advance, providing members full control
of their trading. We focus to provide a system with stable
results, low drawdowns and consistent performance. Most web sites
get one " big" month to lose it over the next one or two with
"bigger" drawdowns. In our opinion that's not a professional way
to trade.
Do I need special
software or data feeds?
No, we don't use technical indicators, we give you specific
specific price levels. You can send the orders in advance, no need
to check the intra day movement nor complicated indicators to
follow.
Can I see a past
signal example?
EUR/USD buy at 1.4451 TP: 1.4491 SL: 1.4418
EUR/USD sell at 1.4418 TP: 1.4378 SL: 1.4451
Take profit: 40 pips
USD/CHF buy at 0.7922 TP: 0.7992 SL: 0.7900
USD/CHF sell at 0.7900 TP: 0.7830 SL: 0.7922
Take profit: 70 pips
GBP/USD buy at 1.6345 TP: 1.6415 SL: 1.6292
GBP/USD sell at 1.6292 TP: 1.6222 SL: 1.6345
Take profit: 70 pips
How do I cancel or
change my subscription details?
Simply use the link provided in the sign up email.
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