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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 for 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 account: 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.
We have now a promotion if you register with either Avatrade broker depositing at least $100 you will get our TWO MONTHS Subscription ($189 USD value) completely for FREE and up to 35% welcome bonus. Please register using our links, then send us a email and we will activate your account within 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.
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.
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:
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 from 8:00 am EDT to 10:00 am EDT. If an entry signal was alerted and has not filled during our trading hours we will cancel it and 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 payment is approved you will receive you login 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. But we do recommend to use one or both of our broker partners: Avatrade.
How do I cancel my subscription?
You can cancel your subscription at anytime in your Paypal account.