How will I receive your forex signals?
Our Forex signals are delivered via our Live Trade Console (available in our client backend 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 between the hours of 5:00 PM EST to 3:00 AM EST, Sunday through Friday.
- European Session
You will receive reports between the hours of 3:00 AM EST to 12:00 PM EST, Sunday through Friday.
- American Session
You will receive reports between the hours of 8:00 AM EST to 5:00 PM EST, Monday through Friday.
-
Professional Package
You will receive 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 channels encompass different type of trading styles. Please view our performance page for our available trading channels and statistics on each channel.
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, do not trade more than $50,000 USD
on one trade.
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 (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.
How many trades do you make during a week?
The amount of trades will vary from week to week and by channel. 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 Forex Signals
Plus is preservation of capital. We will never force a trade. We
methodically select a trade based on our analysts’ expertise and
intuition.
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 Team calculates each controllable variable 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 six to twelve 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 will automatically receive a notification via Our Live Trade Console, Email and/or SMS. The delivery method will be based on the client's notifications settings in their account backend.
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 swing 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 close out the trade. Stay in the trade until we send a recommendation to close your position. 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 six to twelve 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 no longer valid for target value. If price drops down to entry (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 high probability on the trade. If trade starts to approach 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.
