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Questions What exactly is Forex? How fair is the Forex market? Where is the central location of the Forex market? When does Forex trading occur? What are the primary currencies traded in Forex? How often does a person have to trade? How much money does it take to open a real money trading account? What's margin? What are “long” or “short” positions? What is the difference between “intraday” and “overnight” positions? What “drives” currency prices? What do the terms “bid/ask” and “spread” mean? Why is Forex so popular? Training Forex Course Is there any special experience needed before starting your course? What's the curriculum of your course? Do you guarantee that i will make profit after taking your course? How long does it take to finish the training course? Do you have a good strategy for Betonmarkets.com? Daily Forex Forecast Do you offer trading signals in this daily forecast? Which currency pairs are included in the daily forecast? When do you send this forecast? SMS Signals What kind of signals do you send? What's the past history of your signals? Can you send SMS signals to all mobile networks? How frequent will i receive your signals? Can you send your signals by e-mail instead of mobile? What exactly is Forex? Forex is an acronym for FOReign EXchange and is the worldwide currency inter bank or inter dealer market that uses a floating exchange rate system. Most people have little knowledge of Forex. Yet, it is the world's largest financial market with an estimated daily average of more than $1.5 to $2 TRILLION. Some estimate that it would take the New York Stock Exchange about 2-3 months of trading to equal one day in Forex! Back to top How fair is the Forex market? The Forex market is so large and is composed of so many participants that no one player, not even a large government, can completely control the long-term direction of the market. So, many experts have called Forex the “most level playing field” on earth. Back to top Where is the central location of the Forex market? The word market is a bit misleading in describing Forex trading because for most currency instruments there is NO central location where trading takes place. The bulk of Forex trading is between a few hundred large banks that process transactions for large companies and governments. These institutions continually provide exchange rates for each other and the broader market. The most recent quotation from one of these banks is considered the market's current pricing for that currency. Trading occurs over the internet, by telephone and through computer terminals at hundreds of locations around the globe. Back to top When does Forex trading occur? The first session, which is the Tokyo Session, begins each week on Monday morning in the Asia-Pacific region which is Sunday evening in the Americas. Trading continues non-stop moving into the London Session and on to the New York Session until all markets close on Friday afternoon. Back to top What are the primary currencies traded in Forex? For most online brokers, there are four main currency pairs that are heavily traded and that offer almost immediate liquidity: Euro / US Dollar US Dollar / Japanese Yen British Pound / US Dollar US Dollar / Swiss Franc How often does a person have to trade? The beauty of self trading Forex is that a person can trade as occasional or often as they want. They can learn to trade long-term strategies that may require checking the market as little as once or twice a week. Or, they can learn to trade short-term methods that may require watching the market a few hours a day. Back to top How much money does it take to open a real money trading account? A new student should first practice with a free demo trading account where “pretend” money is used. When they feel ready to trade with real money, a “mini” account can be opened with as little $300 USD. Back to top What's margin? Margin is just that – collateral for a position. Your market maker broker will request additional funds by way of a "margin call," if the market moves against your position. It will immediately close out your open positions, if there are insufficient funds in your account. Back to top What are “long” or “short” positions? A long position is one in which you buy a currency at one price, with the expectation of selling it later on at a higher price. Obviously, you anticipate that the market will rise. A short position is one in which you sell a currency with the expectation of buying it back at a lower price. Here, you expect the market to fall. Every FX position you take automatically entails going long in one currency, and short the other. If you buy one, by default you are shorting the other. Back to top What is the difference between “intraday” and “overnight” positions? Intraday positions are those positions you would take during the 24-hour period, after the market maker brokers normal trading hours open, but not hold after the close. Overnight positions are those of your positions that are still on at the end of normal trading hours. Your market maker broker rolls over your positions at competitive rates (based on the currencies’ interest rate differentials) to the next day's price. Back to top What “drives” currency prices? Currency prices are affected by a variety of economic and political conditions – most importantly inflation, interest rates, large market orders, and political climate. Furthermore, governments sometimes enter the Forex market to influence the value of their currencies, either by flooding the market with their domestic currency to lower its price, or conversely by buying it to give it a boost. This is commonly called “central bank intervention.” Any of these factors can cause volatile currency prices. However, the sheer size and volume of the Forex market makes it virtually impossible for any one entity to "influence" the market for any length of time. Back to top What do the terms “bid/ask” and “spread” mean? Bid is the highest price that the seller is offering for a particular currency at the moment; ask is the lowest price acceptable to the buyer. Together, the two prices constitute a quotation; the difference between the two is called the spread. Back to top Why is Forex so popular? Forex trading is attractive because it offers unparalleled freedoms. A Forex trader can live almost anywhere as long as he/she is within reach of the internet. A Forex trader can work from home or office, and in some cases, even trade while traveling! A Forex trader can usually choose his/her own hours to work since the global foreign exchange market is open 24 hours a day. A Forex trader avoids many common headaches associated with running a business because there is NO inventory, NO shipping, NO billing, NO collections, NO employees, NO commuting and NO dress code. And finally, since Forex traders can potentially earn a very high income, they enjoy the possibility of never, ever working for someone else again! Back to top Is there any special experience needed before starting your course? No,the course is designed for beginners but any experience in the market would be advantageous. Familiarity with any kind of trading is helpful. The better your background, the easier it will be to get started. Back to top What's the curriculum of your course? The course consists of the following lessons: Lesson 1: Introduction To Forex Lesson 2: Forex Basics Lesson 3: Technical Analysis Lesson 4: Fundamental Analysis Lesson 5: Trading Techniques Lesson 6: Money Management Lesson 7: Bet On Markets Strategy Lesson 8: Psychology Of Trading Lesson 9: Forex Tips Lesson 10: Test Your Skills Back to top Do you guarantee that i will make profit after taking your course? Of course, results can and do vary among individuals and no guarantees can be made as to profitability. Back to top How long does it take to finish the training course? Our course consists of self study lessons. We have developed high quality educational product to accommodate you. Now, you can learn from the comfort of your own home, maintain a flexible schedule and study at your own pace. Back to top Do you have a good strategy for Betonmarkets.com ? Our course is based mainly on forex trading. Anyway,we have one lesson discussing betting strategies for betonmrkets.com. Betonmarkets.com represents a good chance for individuals who can't afford the capital required to start forex trading. Betonmarkets.com offers bets as low as 5$ Back to top Do you offer trading signals in this daily forecast? No,the forecast is an overview of the market. The forecast will include analysis of the major currencies, prevailing trend, levels of support and resistance based on both technical and fundamental analysis. Back to top Which currency pairs are included in the daily forecast? EUR/USD, USD/JPY, GBP/USD, USD/CHF Back to top When do you send this forecast? The forecast will be sent between 8:00 AM -12:00 AM (GMT). Back to top What kind of signals do you send? We send buy/sell signals including stop loss and take profit orders. Example: Buy EUR/USD@1.2120,sl@ 1.2070,tp@1.2280 sl = Stop Loss tp = Take profit Back to top What's the past history of your signals? You can check the history of our SMS signals here Can you send SMS signals to all mobile networks? Our SMS providers cover most mobile networks all over the world. Anyway,we can send a test sms to your mobile before subscribing to our service. Click here to receive a test sms. You can check all the international SMS networks that Fxmaster currently covers here . Back to top How frequent will i receive your signals? We don't send same number of signals everyday. Average is 2 signals. It's possible that we don't generate any signal for the whole day. It depends on the market. Back to top Can you send your signals by e-mail instead of mobile? Yes,we can send our signals to your e-mail. Send us an e-mail after subscribing to our SMS signals including your order number and the e-mail address you use to receive our signals. Back to top If you still have a question not answered here,contact support@fxmaster.net |
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