Frequently Asked Questions
Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world’s currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. All the world’s combined stock markets don’t even come close to this.
Basically, artificial intelligence (AI) is the ability of a machine or a computer program to think and learn. The concept of AI is based on the idea of building machines capable of thinking, acting, and learning like humans.
Forex autotrade is a slang for automated trading on the foreign exchange market, wherein trades are executed by a computer system based on a trading strategy implemented as a program runned by the computer system. The trading strategy consist of a set of criteria, and is typically programmed, but can also be created by using a method combining the set of criteria visually without pgrogramming. The set of criteria used in a trading strategy for Automated Trading are mostly based on technical analysis.
Forex signals are essentially trade ideas. The trader receives the position (buy/sell) posted on the forex signals channel such as Telegram. All traders need to do is to copy the trade at the market price when the signal is given.
Your profitability in Forex is a function of two factors:
- Your account size
- Your percentage returns
With this in mind, an individual with a $2,000 account should not expect to make as much as an individual with a $100,000 account.
Jack has a $10,000 trading account. Over the space of 1 month, he takes 6 trades according to his two forex strategies. 4 trades make money and 2 trades lose money. Overall, he returns 5% for the month.
A 5% return on $10,000 is $500 profit for the month.
As his account size grows, he may apply the same strategies while scaling up his market exposure with proportional risk management constraints intact.
With the same 6 trades, the 5% return on a $100,000 account would be $5,000 profit for the month.
There are indeed so-called “limits” on profitability.
- Account size. It is unlikely that you will compound an account into the billions while retaining enough liquidity in the market to flawlessly execute your technical-based strategies. Depending on your trading style and strategies, you may be required to adjust your approach as your account moves into 7 figures and beyond. As your account grows into a vast size, you must be resolved in accepting relatively lowering percentage returns.
- Percentage returns. Financial markets are very efficient. This means the window for finding a profitable edge opens less often than what most beginners realize. Always analyze your profit as a ratio against per-trade-risk. An individual who risks 2% per trade and makes 10% in a month is trading the same underlying edge as an individual who risks 1% per trade to make 5% in a month (5:1 edge). You should not expect to maintain more than a 6:1 edge per month as a long term average.
There is no minimum amount in order to trade Forex. We do recommend a minimum of 500 euros to start with.
First thing you need to do is to open an account at a Forex broker. We recommend the broker OANDA. OANDA offers us an easy ability to connect our customers’ accounts to our systems. Go to the Easy Connect page to see how to connect with our autotrade systems.
In case you are not satisfied with your package you can get your money back within 7 days after your payment. Note that this does not mean the money amount of any loss you made.