FAQ

 

What is Forex?

Forex is the world's largest financial market with an estimated daily average of $1.9 TRILLION. Forex traders have 24-hour access to a market with superior liquidity to all the equity markets in the world combined, plus, you can trade from home, your office or virtually anywhere in the world and receive rapid, accurate trade execution.

 

Do I need to have any specific knowledge in order to use your systems?

No, you don't. You just need to open Forex trading account (demo or real) and know how to use your broker's platform (software).

 

Does it matter where I live?  

Fxcmd.com signal service can be accessed and implemented from anywhere in the world as long as you have an internet connection or a portable e-mail device / mobile phone. 

 

What is Fxcmd.com (FXCMD)?

Welcome to the Fxcmd.com website by Fxcmd group.  Fxcmd group was established in the United States in 2005 and has grown to have a customer’s base in over 25 countries.  Our mission is to provide the highest quality Forex services for traders. We combined field experience with vision, and a passion for excellence. We have assembled one of the most unique teams in the nation to address one of Forex “Safest” greatest unsolved challenges: Forex signal. A cross-disciplinary team of Analysis including fundamental and technical, Algorithm and programmer work together with computer scientists, designers, human factors engineers, financial expert and researchers. Together, we create innovative Forex signal and other Forex related services solutions.

 

What is a signal?

A signal consists of a SMS (Short Message System), yahoo instant message or email that will send to you via our signal system. 

 

What information can I find in a signal?

An action signal contains the following information: currency pair, action, entry level (@), takes a profit (TARGET) and stop loss (STOP).

What kind of action signal will I receive?

There are two actions that can be included in a signal l. a BUY action or a SELL action.

 

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.

 

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.

 

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 spread?

The spread is the difference between Bid and Ask price. Spread price is dependent on a brokerage company.

 

What is a Bid price?

Bid price is a selling price (official price shown on charts and in quotes).

 

What is an Ask price?

The Ask price is a buying price (never shown on charts, it is always higher than bid price by a spread).

 

Do I need to have any specific trading experience in order to be successful?

No, you don't. You just need to open Forex trading account and know how to use your broker's platform (software) in order to place trading order.

 

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 often will I receive my signals?

At this time we do not have any restriction on signal for each selected day.

It depends on market

Sometimes we do have couple of signals for a day and someday we do not have any one. 

 

What time are signals sent?

The signals are sent depending on market conditions.

 

Which currency pairs do you trade?

Our Forex trading signals cover the 23 currency pairs (the largest and most actively-traded currency markets):

EUR/USD, USD/CHF, GPB/USD, USD/JPY, USD/CAD, CHF/JPY, EUR/GBP, EUR/CHF, EUR/JPY, EUR/CAD,

GBP/CHF, GBP/J PY, CAD/CHF, CAD/JPY, NZD/USD, AUD/USD, AUD/NZD, AUD/CAD, AUD/CHF, AUD/JPY,

EUR/AUD, EUR/NZD, NZD/JPY

   

How specific are your trading signals?

Each trade signal delivered through our system (subscribers will get SMS, Yahoo instant message, email alert) in real-time with specific entry, exit and stop-loss points. See signal example below:

EUR/USD 12 00(ET) PM SELL @1.2285 TARGET 1.2125 |STOP 1.2340

 

How to Read Our Forex Signals? 

1.     Symbol – The currency pair we trade, i.e. EUR/USD = EURO vs. US Dollar.

2.     Time – Date & Time (Eastern Time) we publish the signal.

3.     Order Type –Sell or Buy.

4.     @ Price – The currency pair price (order execution price).

5.     Target – This de trade exit price with profit.

6.     Stop- This trade exit price with loss. Sometimes we change the stop

Then we will send correction signal to you. So, the trade may end with profit.

 

How should I input my signal into my trading platform?

The signals are meant to be executed in less than a minute of when the signal was sent. After receiving the signal please enter it as a execute order. In case the market has already passed 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?

Most of the time all positions will be closed at the end of the day.

You have to be ready for that situation as well.

 

How much does a currency signal cost?

For a week $120

For a month $320

Setup fee $30

 

Why is there a setup fee?

The setup fee is charged to help cover the costs associated with the ongoing operation, maintenance and upgrading of our FOREX signal system.

 

What does one time set-up fee cover?

One time set-up fee will grant you access to our system only.

 

Will I have to pay a setup fee even if I'm and existing customer?

No. The setup fee charged only once when you sign for the new account.

 

What payment methods do you accept?

We prefer to accept credit cards. To use other payment method please send email

To info@fxcmd.com .

 

How much money do I need to start trading?

This depends on the Broker you decide to open your account with. A new participant should first practice with a free demo trading account where “pretend” money is used. When you feel ready to trade with real money, a “mini” account can be opened with as little $250 USD.

If you need professional advice send email to info@fxcmd.com.

 

When can expect to begin receiving Forex trade signals?

After purchasing a signal, please send email including of your Order Number, Name, Yahoo Id, cell number to info@fxcmd.com  , after adding forexcmd@yahoo.com to your messenger list, you will receive the next Forex signal during the following morning or noon of the days if there is a signal for that day.

 

What is the basis of your trading signal system?

We use a proven system of analyzing the FOREX market and algorithm that has been invented by Fxcmd group team. It is a combination of trend analysis, pattern recognition, indicators, retracements, projections and major fundamental indicators.

 

What are the risks involved with trading in the FOREX Market?