Forex Advisory Service FAQ

How will I receive your forex signals?
Our Forex signals are delivered via our Live Trade Console (available in our members area), Email and Global SMS. Our signal notifications are fully customizable allowing clients to choose exactly which notifications they would like to receive and via which delivery method(s). Clients can further customize their notification settings to disable all notifications during any specified period of the day.

At what time do your Forex signal reports become available for me to view?

• Asian Session
  You will receive reports 24 hours per day in real time, and live trading activity will be shown on your console and optionally in your e-mail or via SMS between the hours of 5:00 PM EST to 3:00 AM EST, Sunday through Friday.
  
  
• European Session
  You will receive reports 24 hours per day in real time, and live trading activity will be shown on your console and optionally in your e-mail or via SMS between the hours of 3:00 AM EST to 12:00 PM EST, Sunday through Friday.
  
  
• American Session
  You will receive reports 24 hours per day in real time, and live trading activity will be shown on your console and optionally in your e-mail or via SMS between the hours of 8:00 AM EST to 5:00 PM EST, Monday through Friday.
  
  
• Professional Package
  You will receive live reports 24 hours / day and 6 days / week. This package is a requirement if you wish to use our MECHfx autotrade system.

What types of trades can I expect to see?
Our trading Teams encompass different type of trading styles. Please view our performance page for our available trading teams and detailed trade blotter information is to be found by selecting the "View Detailed Performance" link on each team. You can also click in the upper right hand corner of the performance summary box on the link entitled "View Trade History" and see a complete trade by trade historical record for that team.

How many lots should I place on each trade?
Depending on your level of expertise and risk appetite, we leave this option up to you. As a common trading guideline, we suggest each trade should be no more than 5 times the amount of equity in the account. For example, on a $10,000 USD account, we do not advise to trade more than $50,000 USD on any one trade or single currency pair at a time.

How much capital would you recommend a trader have in their account to effectively use of ForexSignalsPlus.com?

• Absolute minimum (Mini lots) = $2,500.00
• Recommended Minimum (Mini lots) = $5,000.00
• Absolute minimum (Standard lots) = $20,000.00
• Recommended (Standard lots) = $50,000.00

We strongly suggest you follow the above guidelines; however, you can open an account for less than the above amounts and you can greatly limit the amount at risk by trading smaller lot sizes for any given trade. You should also be aware that you can adjust your maximum drawdown level in your account in terms of pips or percentage which can prove to be a beneficial function of our system.

How many trades do you make during a week?
The amount of trades will vary from week to week and by Trading Team. This is mainly due to market conditions and our individual trader’s methodology. One of the most important risk management guidelines we use for our clients here with Forex Signals Plus is preservation of capital. We will not be forced into a trade. We methodically select a trade based on our analysts’ expertise and intuition. We would rather not trade than be trading just for the sake of making trades. Our goal is to wait for the market conditions to be as favorable as reasonably practical before trading and therefor there are sometimes spans of days where there is not a lot of trading activity. Sometimes knowing when not to trade is as valuable as trading, especially during times of very high volatility as we have seen in the markets over the past 18 months or so.

How do I know this system will work?
In any investment, there is no guarantee for profit. There are a small number of individuals who have played the FX market and achieved great returns because they got lucky. ForexSignalsPlus.com's Trading Teams calculate the known controllable variables before placing a trade, which allows our clients the comfort of knowing they are getting what we believe to be reliable and quality trades. Throughout the course of the month, there will be winning trades and losing trades; one should never expect every trade to be a winner. Based on our model, optimal execution of the alerts is experienced over the course of a three to six month period.

What are your support hours?
Monday through Friday, 9:00AM EST to 6:00PM EST.

How will I know when a trade is closed?
Each client automatically receive a notification via Our Live Trade Console, Email and/or SMS. The delivery method will be based on the client's preferences as defined in their notifications settings in the member account backoffice.

Why is it important to trade all the recommendations?
For optimal trade recommendations, we suggest that each trade be executed PRECISELY how the report reads and that you follow each trade we publish. In some of our positions, you may experience a drawdown when you first enter the trade and it is important to know that this will often happen as a currency pair builds momentum. Don't panic and automatically close out the trade every time one starts to go in the opposite direction. If you stay in the trade until we send a recommendation to close your position then you will be following the model that generated the results for the team that you are following. Again, based on our model, you will achieve what we feel to be the best service while using our system over the course of a three to six month period.

Why are there trades which have a net pip of 0 (zero)?
These trades are break even trades. They are not by chance, but rather a result of one of two general scenarios:

Scenario #1: Trade moves in positive direction, but does not approach target value, trade begins to retrace and indicators are of questionable validity for target value. Sometimes we want to let a trade run to the target level without any risk in the trade so we set the stop to break even level making the trade from that point forward essentially "risk free." If price drops down to entry level,(break even) we get out.

Scenario #2: Trade moves in a negative direction. Trade does not yet hit the stop, however trade indicators no longer have as high of a probability on the trade. If trade reaches break even we get out.

Does your performance numbers include the broker spread?
Yes our performance history does include the broker spread, as we are posting the performance live from their price feed as it happens.

back to top

*Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Forex trading involves substantial risk of loss and is not suitable for all investors.