July 23, 2008
 
 
Frequently Asked Questions

Do you offer a Free Trial?

We don't offer trials. The reason being we found that trialists effected the room dynamic and were generally less committed, and motivated traders. Furthermore, trialists would keep trying to extend their free membership by using a different email address. Hence, due to this risk, we dont offer free trials anymore.

I heard that 95% of trades fail, how can you help me?

Through proper analysis and homework we can identify areas where a trade has a high probability of succeeding. Likewise, we know when not to trade, and what trades to avoid. Years of experience are crucial in this area.

Why do you only focus on GBP/JPY?

We focus on this currency pair as it has distinct characteristics which allow us to take advantage of certain market scenarios. Its better to know the behavior of just one currency pair, inside out, than to be an expert in all of them.

How many trades can i expect a day/week/month?

10-15 trades per month is the minimum we aim for.

What does a typical day in the room look like?

We trade the European & US sessions. We'll review market set-ups, news headlines which can move the market. We take positions in real-time as we see them, and interact with the other traders in the room.

Can you recommend a broker?

We cannot recommend a broker. But in selecting a broker you should ensure they are regulated by the NFA or country-specific regulator, have adequate capital, and they have a platform which is easy to use.

What size of account should i have to trade?

We don't give guidance on a minimum amount. However, you should only commit money which you can afford to lose and isn't earmarked for other purposes, like any investment.


How much leverage should i use?

We recommend a maximum of 1 standard lot per $10000 in equity. Although your leverage is entirely up to you.


I want to join your service, how much knowledge do i need for your service?

We welcome all members. If you are an expert or just a beginner you'll benefit greatly from our service. If you are brand new to forex, we suggest you visit are our Forex Resources section, which provides links to free educational material available in forex.


I still have a job, can i still trade part-time with you?

Yes.

I cant be near my computer every day, can i trade with you?

To get the best out of our service you really need to have the trading room open, so you can get a feel for the markets from our commentary during the day.


What is your refund policy?

When you become a member you join on a rolling monthly basis. Once full membership has resumed, we don't offer refunds.


How can I cancel my membership?

Just use the "contact us" section of our site, and we'll take care of the rest.

Business News
 
Forex News

ForexlivePro.com All Rights Reserved.