What is a buy action?
A buy action is a signal to buy a currency pair. You will usually receive three numbers with this action. They are as follows: @ = Entry Level | TARGET = take a profit | STOP = stop loss. This action usually occurs when the market is bullish (moving up).
What is a sell action?
A sell action is a signal to sell a currency pair. You will usually receive three numbers with this action. They are as follows: @ = Entry Level | TARGET = take a profit | STOP = stop loss. This action usually occurs when the market is bearish (moving down).
What is a standby action?
A standby action is a signal to hold and not take any action at this time for a selected currency pair. This action usually occurs when market is not in position to execute a successful trade (statutory holiday, market is not moving, etc.).
What is an entry level?
An entry level is a currency value where the trader (you) should enter the market.
What is a take profit?
A take a profit is a currency value where the trader (you) should exit the market with a profit.
What is a stop loss?
A stop loss is a currency value where the trader (you) should exit the market with a loss. It is advised to enter stop loss at all times to prevent significant losses.
What is a close level?
A close level is a currency value where the trader (you) should exit the previous trade.
What is a signal?
A signal consists of an email and SMS (Short Message System) message sent to you via our signal system. The signal contains information chosen by you through our member's area.
What kind of action signal will I receive?
There are three actions that can be included in a signal email. A buy action, a sell action or a standby action.
How do I change (modify) my signals?
Upon purchasing our Standard or Pro package you will be able to edit what signals you will receive by entering your Member's Area and modifying the Days and Currency Pairs you wish to receive in your signals. Simply add or remove the signals you wish to receive.
Is spread included in signals?
No. Each trading company (platform provider) offers different spreads for different currency pairs. So it is almost impossible to incorporate spreads into our signals.
How many currencies can I have in one signal?
You can have all of the six major currencies in each signal. Please visit your Members Area to modify which currencies you'd like to trade and when you would like to receive them.(applies for Standard and Pro packages only)
How often will I receive my signals?
At this time you will receive one forex signal for each selected day.
What time are signals sent?
The signals are sent depending on market conditions.
Which currencies can I receive signals for?
EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD
How should I input my signal into my trading platform?
Most of the signals are meant to be executed within an hour of when the signal was sent. After receiving the signal please enter it as a limit order (future order). In case the market has already reached the entry level please check if it would be profitable for you to execute the trade (do not forget the spread offered by your platform provider).
Do you hold open positions over the weekend?
No. Our last closing signal is sent on Friday at approximately 19:00[GMT].
Saturday, February 23, 2008
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