What are the advantages of Forex?
Forex is open 24 hours a day.
Forex is the most liquid market in world.
A 100-to-1 leverage reduces the need for large amounts of capital.
MoneyForex does not charge any commission in executing a forex trading order.
No restrictions on shorting which allows you to enjoy profit opportunities during any market condition.
No Pattern Day Trading rule.
You can day trade with very low account balances.
You can open a little account.
What Does It Mean Have A 'Long' Or 'Short' Position?
A long position is one in which a forex trader buys a currency at one price and aims to sell it later at a higher price; the investor is benefiting from a rising market. A short position is an investment position that benefits from a decline in market price. The risk of having either long or short position will be the same.
How Do I Manage Risk?
The most common risk management tools in forex online trading are the limit order and the stop loss order. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor's position. The liquidity of the Forex market ensures that limit order and stop loss orders can be easily executed.
How the system works?
The system is very easy to follow, it only requires 5 minutes a day to place your orders from your computer.You will receive an email with the daily signals wich will also be posted in our members page together with the pairs,open price, long or short side, target price and stop loss. You should open the trade at the specific price provided. After you receive our email you should place the open order and the stop limit orders to close the trade at target price or stop loss.
How long do you hold the positions?
The positions will be close at the target price or stop loss provided. The holding average is 1.5 days.
How many open positions do you hold at the same time?
The system has a maximum of one open position per pair; you can open a long or short position in each pair.
How are the trades generated?
We based our system in technical analysis and news with consolidating market or trending market, using both sides of the market.
What Is A Stop Loss Order?
A stop loss order is an order type whereby an open online forex trading position is automatically liquidated at a specific price. For example, if an investor is long EUR/USD at 1.2560, they might wish to put in a stop loss order for 1.2500 to limit the loss. Often used to minimize exposure to losses if the market moves against an investor's position
What is a pip?
The smallest unit of price for any foreign currency. Digits added to or subtracted from the fourth decimal place,( 0.0001) in Eur/Usd and GBP/USD. Also called Points. For example: If the Eur/Usd move from 1.1820 to 1.1821 it is one pip.
Is the spread included in the trades?
Yes, the spread is included in the trades.
You will always buy at ask and sell at bid according to your spread.
There are many brokers and platforms with different spreads.
The best brokers spreads are :
EUR/USD 1 PIP
GBP/JPY 5 PIPS
GBP/USD 3 PIPS
USD/JPY 1 PIP
AUD/USD 3 PIPS
USD/CAD 5 PIPS
USD/CHF 3 PIPS
You must obtain our same results.
What kind of Stop Losses use ForexSenior.com?
We use a technical stop loss.
How will I be alerted?
Subscribers of ForexSenior.com are alerted in member's page and by email. There are no additional charges for any of these added features. We send daily signals email at 17:00 EST or earlier.
Do you offer free trial?
Our service does not offer free trial. We offer a very reliable Trading System.
How long does it take to have access to the signals?
You may have instant access to the signals. After the credit card purchase is approved (takes a few seconds) you be entitled to use the system.
How do I renew the membership?
All orders are made in a recurring basis, in order to cancel your membership you can log in to your personal account created by our system or send us an email.
The order will be cancelled immediately.
Do you offer auto trading?
Autotrading is not currently a service option.
I still have more questions. How do I contact you?
Please send us an email to info@forexsenior.com
Copyright © 2008, 2009 ForexSenior.com All rights reserved. Data and information is provided for informational purposes only. Neither ForexSenior.com nor any of its data or content providers shall be liable for any errors or for any actions taken in reliance thereon. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex markets. Don't trade with money you can't afford to lose. ForexSenior.com is not a registered broker-dealer and does not endorse or recommend the services of any brokerage company. The brokerage company you select is solely responsible for its services to you, the user. ForexSenior.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of the services of the brokerage company. All published results are hypothetical gross results without adjustment for trading cost. (commissions, fees & slippage).
E-mail: info@forexsenior.com
