-
F. A. Q
- What is “forex” ?
- Who is using forex ?
- How is Forex trading different from traditional securities and stock trading ?
- Why use forex ?
- Why use automation ?
- How much should I start my trading with ?
- What is an “expert advisor” ?
- What is live demo account trading ?
- What equipment do I need to test the demo ?
- Does my computer need to be on at all times once the EA is started ?
- Do you have any live account statements using your EA’s ?
- How it difficult to begin with forex Trading ?
- Do you offer support ?
- ——– Account Info ———-
- How much should I start my trading with ?
- How do I withdraw funds or stop trading on my account?
- Are there restrictions, penalties or rules for withdrawals?
- How do I fund my account?
- What is “forex” ?
- So, 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.
By comparison, the currency futures market is only one percent the size.As you’ve read about investing, you’ve probably seen the words forex currency trading. However, forex currency trading does not get much publicity in the main stream media, so many people don’t know that forex is simply short for foreign exchange. Forex currency trading is simply the process of trading foreign currencies.
Just over a decade ago, forex currency trading was very difficult for the average person to participate in. Only large firms and banks had all of the tools necessary to participate in forex currency trading. Technology is now at a stage where any individual investor can quickly learn forex currency trading, and begin trading online within a matter of hours.
The goal of forex currency trading is to hold appreciating currencies, and sell depreciating ones. For example, if you bought 100 US Dollars for 1000 Japaness Yen (USDJPY), held the US Dollars for 1 month, and in that month the value of US Dollars increased in relation to Japanese Yen, you could then trade your US Dollars back back for 1200 (example) Japanese Yen.
Unlike major stock markets, forex currency trading is open 24 hours a day. The market only closes on weekends. This is possible because forex currency trading involves a world market. When you go to sleep, someone around the globe is just waking up to begin forex currency trading.
Today, anybody can open a forex currency trading account and buy and sell currencies in any quantity and in any currency. Brokers have thousands of investors placing orders simultaneously, which enables them to meet large minimum transaction sizes by purchasing in large blocks and dividing the currencies amongst individual investors.
Although it is relatively easy to start forex currency trading, it can be a complicated and complex process. While there are many opportunities for creating wealth, it is also very easy to lose your capital. Before trying forex currency trading, take the time to learn the ins and outs. You’ll have a much better chance of trading profitably.
- Back to Top ^
- Who is using forex ?
- Forex includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
- How is Forex trading different from traditional securities and stock trading ?
-
- In general, Forex trading is usually a short-term investment strategy in relation to other investment vehicles. Are trades may last a few hours to several days. With are strategy, the goal is to predict relatively small short-term moves in the market, compared to long-term growth investments like stocks, mutual funds, bonds, or long-term notes that may be redeemed at a future date.
- Why use forex ?
-
- It offers the most liquidity, on average trading volume exceeds $US 3 trillion per day and includes all world currencies.
- Trade is carried out worldwide and the market is open 24 hours a day, 6 days a week.
- Any person can participate in the market and some brokers allow you to start with as little as US$ 250.
- Access to a market with superior liquidity than all the equity markets in the world combined
- Plus you can trade from home, your office or virtually anywhere in the world and receive rapid, accurate trade execution (under normal market conditions).
- FX dealers offer commission free trading (cost of the spread only).
- Once you experience the freedom of trading Forex, it is hard to accept the restrictions placed on all the other tradable markets.
- Back to Top ^
- Why use automation ?
-
- Using an automated trading system can have significant advantages over discretionary trading.
- An automated system is unaffected by a traders emotions or psychology, it removes the fear and greed a trader may experience when trading manually and trades the system without hesitation.
- You do not need to be present physically to trade the system. The system trades 24 hours a day, 365 days a year. The trader does not miss trading opportunities because they occur when the trader is sleeping or absent from the platform.
- Allows people to invest in the forex market without having and knowledge or experience.
- Automated systems can employ trading strategies that are impossible for traders to implement manually.
- How much should I start my trading with ?
- We suggest you start your trading using a demo account. This way you get a feel for the system and it’s performance before trading real capital. Once ready, we suggest starting with $5,000 to $10,000. We advise that you only trade using risk capital. Risk Capital is defined as money you can afford to lose. This is true no matter how good a system looks, how good a system performs or how much money it makes. Only risk capital should be used in trading.
- What is an “expert advisor” ?
-
- An expert advisor (EA), is a program that monitors the forex market and automatically trades in your behalf. It analyzes the market looking for specific conditions. When the proper conditions are met it can open, modify and close your trading orders. An expert advisor runs 24 hours a day, 365 days a year through your very own trading account.
-
Back to Top ^
- What is live demo account trading ?
-
- A live demo account looks and acts just like a real trading account except it does not contain any real money. It is set up with “play” money for the purpose of practicing within real market conditions without risking any of your own real money. If you are a novice trader, we recommend that you trade on a demo account until you see positive results. This is our way of being responsible to you. Instructions for establishing a demo account are detailed on our video under the download section of are website
- What equipment do I need to test the demo ?
-
- A 2 year old Computer or better running Windows 95/98/2000, ME, XP or Vista with a 1mb DSL connection or faster. Right now the charting software does not support Apple or Linux. You will also require a 24 Hours a day 6 day a week connection to the Internet.
- Does my computer need to be on at all times once the EA is started ?
-
- Yes, your computer has to be running at all times for the EA to monitor the market and open and close orders. If your computer shuts down for any reason the trades will be handled by the last
instructions received by the broker. Once you turn the computer back on
the EA will start working again.
- Yes, your computer has to be running at all times for the EA to monitor the market and open and close orders. If your computer shuts down for any reason the trades will be handled by the last
- Do you have any live account statements using your EA’s ?
-
- Unfortunately due to PFG Best’s restrictions we are not allowed to publish performance statements on this website
-
Back to Top ^
- How difficult is it to begin with forex Trading ?
- Not at all, with our managed accounts we do all the work for you, all you
will have to do is open an account with the broker, fund the account and we
do the rest. - Do you offer support ?
-
- Most definitely. You are free to email us anytime you need assistance
and we will get back to as soon as possible. If your problem can not be
solved by email then we may make arrangements to talk in person. We want
you to be successful and profitable and we will do whatever we can to help.
We offer:
- Unlimited email support
- Unlimited product updates (bug fixes, optimizations, etc)
- Comprehensive instructions (installation, settings, opening a broker account, etc)
- Support forum access
- Newsletter
- Customer-only forums
- Most definitely. You are free to email us anytime you need assistance
- ——– Account Info ———-
- How much should I start my trading with ?
-
- We suggest you start your trading using a demo account. This way you get a feel for the system and it’s performance before trading real capital. Once ready, we suggest starting with $2,500 to $5,000. We advise that you only trade using risk capital. Risk Capital is defined as money you can afford to lose. This is true no matter how good a system looks, how good a system performs or how much money it makes. Only risk capital should be used in trading.
-
Back to Top ^
- How do I withdraw funds or stop trading on my account?
- You can withdraw funds at anytime for any reason by bank wire or by check by contacting the brokerage firm directly. Both checks and wires have to be made out to or be transferred to persons or accounts of the same name. Your brokerage account name must match the name on your account. Funding is also possible with a credit or debit card as well as withdrawls to the same card.
You can stop trading on your account at anytime by sending us an email. You can also call the brokerage firm directly to request trading on your account be stopped.
- Are there restrictions, penalties or rules for withdrawals?
- No, You can withdraw funds anytime for any reason. If you do withdraw, we just ask of you to send us a courtesy email to let us know.
- How do I fund my account?
- Bank wire, electronic check, paper check, credit card or debit card. No third party checks or wires are allowed. The funding bank or check name must match your brokerage account name. You can not fund accounts with e-gold, e-bullion or any other form of electronic currency. You can only fund with the methods just stated.
