FREQUENTLY ASKED QUESTIONS

What is FOREX?

The FOReign EXchange market is known as the Forex or FX market. It is an international foreign exchange market, where money is sold and bought freely. Currencies are always traded in pairs. It is the biggest liquid financial market. Money masses in the market constitute from 1 to 2 trillion US dollars a day. Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday.


What are the advantages of Forex?

- Forex is open 24 hours a day
- Forex is the most liquid market in world
- Commission-free trading on more than 60 currencies.
- No restrictions on shorting which allows you to enjoy profit opportunities during any market condition
- No Pattern Day Trading rule
- you can day trade with very low account balances
- You can open a little account


How much money do I need to start currency trading?

U$10K. More, is better, because we´ll have more margin and smaller drawdown.



What is the maximum number of opened positions at a time?

20 positions are opened at the same time. It's unusual that all 19 pairs hit the entry points on the same day.

 

Do you offer support to your subscribers?

Yes, we offer email support 24/7 and always respond to our customers questions.

 

Are managed forex accounts right for me?
 

Managed forex accounts may be appropriate for investors who are looking for the following benefits:

- Low minimum investment compared to other managed accounts.
- A way to diversify away from the stock market.
- Increased diversification in their investment portfolios.
- A professional, well-known money manager.
- A way to participate in the foreign exchange market without having to trade the market themselves.
- Account balance can be withdrawn at any time - no lock-up period.
 

The adventages of automated trading

- Trading 24 hours a day
- Not tied to traditional financial markets - Not tied to stocks, bonds, mutual funds, or real estate. Can provide a hedge against other market crashes.
- Eliminates risk of having long-term positions, with the EA you can trade intraday, even on one minute chart window.

- Identify and take positions faster than manually. The EA is able to execute orders instantly - as fast as your broker can take them.
- Reduce emotions, increase your discipline. The EA desn't thinks - it just reacts on the market conditions.
- Get more free time - when you are confident witch your EA - you are able to check his work a few times per day or even only one time per day. The only thing that you have to check is your connection with internet and broker server. That gives you a lot of free time to spend your money!!!