Frequently Asked Questions
What is Forex?
The system of global trading in foreign currency is
known as the Foreign Exchange Market, Forex, FX, or just
4X. This cash market is made by large banks.
Investopedia Says: There is no central marketplace for
currency exchange, rather, trade is conducted
over-the-counter. The forex market is open 24 hours a
day, five days a week, with currencies being traded
worldwide among the major financial centers of London,
New York, Tokyo, Zurich, Frankfurt, Hong Kong,
Singapore, Paris and Sydney - spanning most time zones.
Why trade Forex?
Some of the advantages of Forex are:
1. High Liquidity - over $1.5 trillion per day it is the
most liquid market in the world. You don't have to worry
about position sizes or too many people jumping into the
trades at the same levels.
2. High Leverage - Forex traders can leverage their capital more efficiently with as high as 400-to-1 leverage. We usually suggest to start with low leverage levels until you are confident in the system.
3. No shorting
restrictions - You can profit in up and down markets.
What is ForexSignalsProvider.com?
Our system is a
100% mechanical trading algorithm. Market volatility and
price action are the two factors which the system
combines. It offers trading alerts forr EUR/USD, USD/JPY
and EUR/GBP. ForexSignalsProvider.com takes long and
short positions on day trading mode, achieving low
market exposure. Profit target and stop loss are
provided for managing trades.
Most entry and exits are taken using limit orders, what
lows down trading costs.
Brokerage Forex accounts
You have 3 options:
1. Mini account: Choose a mini account if you are new to the forex market. The leverage is often higher than standard account and you trade mini contracts. You can open this accounts with as little as $250.
2. Standard accounts : Standard accounts are for experienced investors. The deposit is higher than Mini accounts but the leverage is lower. You trade the full contracts in this account. You can open this accounts with $2500 or more.
3. Demo account:
the easiest way to try your hand at trading forex is to
open a simulated account. When you open a simulated
/demo forex trading account, you get $25,000 or $100,000
of virtual money to trade with. The platform receives
live quotes and your simulated trades use the same
bid/ask spreads that real traders do.
Brokerage suggestions
We have now a
promotion if you register with AVAFX broker depositing
at least $100 you will get our TWO
MONTHS Subscription ($189 USD value) completely for
FREE. Just click here to register, then send us a email
and we will activate your account in 24 hours.
Commissions, leverage and spreads
Brokers charge no
commissions for forex trading. Brokers make their cut
with the spreads, when you buy at the ask and sell at
the bid. The spread is usually from 2 to 6 pips
depending on the pair and broker. That's an important
thing when deciding which broker to open the account
with. The leverage can be as high as 200:1, meaning that
a trader needs to put down only $0.5 of margin to
control $100 of the currency. Remember leverage can be a
double edge sword, so use it with caution.
Risk Capital
No matter how good
a system looks, how good a system performs or how much
money it makes. Only "Risk Capital" or "Risk Funds"
should be used in trading. A person who does not have
"Risk Capital" or "Risk Funds" (funds they can afford to
lose) should not trade in the market.
System Objectivity
We use the same
criteria and parameters to generate signals every day,
there is no subjective criteria involved in the process.
Is the system mechanical?
Yes, it is 100%
mechanical; you can send your orders in advance with
their Stop Loss, Profit Target, no need to evaluate or
take subjective decisions of where/when to exit trades.
As we mention is a complete system, with full guidance
from entry to exit.
When are signals sent and how often?
ForexSignalsProvider.com trading levels are placed on
the web site immediately after 8:00 am EDT.
ForexSignalsProvider.com trades are for major pairs:
* EUR/USD
* USD/JPY
* EUR/GBP
System will trade a maximum of two positions (one long
and one short entry) for each pair on a daily basis,
disregarding previous trade outcome. We may have days
with no trades for some or for neither one of the three
pairs.
If any of our exit
levels is not hit during the day, we will exit any open
position at 5:00 pm EDT. Entry alerts for
ForexSignalsProvider.com are good on a daily basis since
8:00am EDT to 10:00 am EDT. If an entry signal was
alerted and had not fills during our trading hours we
will cancel it and we will wait for a new trading signal
next day. ForexSignalsProvider.com sends buy stop market
orders and sell short stop market orders for the
specified trading levels. System allows market to decide
which side to trade.
Time required to trade the system?
You need 5 minutes
per day in the morning to check for new signals and send
the orders. There is no need to monitor the intraday
market.
How long it takes to get access to the signals?
You have instant
access to the signals. After Plimus approves your
purchase you will receive you rlogin credentials
automatically.
Do I need to open an account or send money to you?
No, we provide the
signals to trade but not the brokerage services to
execute the trades
How do I cancel my subscription?
You can cancel your subscription at anytime by sending
an email to
support@plimus.com
