What is Forex?
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
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
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?
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?
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 intraday
instructions are necessary since we indicate
entry, exit and stop loss in advance.
Are the spreads deducted from the
|Yes, they are.
How much time does it take to follow your
|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
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
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 1.2980 stop loss at 1.2932
take profit at 1.3020
Eur/Usd sell at 1.2932 stop loss at 1.2980
take profit at 1.2892
How do I cancel or change my subscriptions
send us an email to firstname.lastname@example.org