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Q: What time of day will I receive my signals?
A: Since many of our clients are individuals who have a job (currently anyway because some are starting to trade their way out of work!) then its no good us supplying signals during office hours, it limits how many people can take advantage of the signals. Therefore we send out an email about 11pm (GMT) each night from Sunday through Thursday which contains the orders to place ready for the next day.
Q: Can I really do all of this in less than 30 minutes a day?
A: Absolutely! And in fact, usually around 15 minutes a day! You receive the email, read the trades that our professional trader is taking, then decide if you want to place them, if you do, place them in the a matter of minutes and then forget about them until the next day.
Q: How do I know when to close a trade off?
A: Usually the trades will close themselves off by hitting the specified limit order, there is the odd rare occasion where our signals advise when our professional trader is closing off a trade, it’s up to you when you do it, but in the interest of minimal screen time most people check them at 11pm when the email comes out. Our traders will say which pair(s) they is closing off in the email, you then decide whether to do the same.
Q: How many signals will I receive?
A: You will receive an email daily with up to 28 currency pairs listed. Some won’t have trades to take but some will and there is no way of us guaranteeing or calculating how many this will be, but so far on average there has been 10 trades a week to take, it has been as low as 2 but as high as 19.
Q: What are your stop-loss settings?
A: This is dependent on the trade but rest assured, the stop losses are positioned at a point where the logic of the trade has broken down and as a result we should exit the trade.
Q: How will I receive my signals?
A: You will receive the signals by email
Q: What pairs do you signal?
A: We provide trade information on 28 different currency pairs in total. We can do more but this is made up of pairs that have been handpicked by our professionals for producing outstanding results whilst keeping dealing costs to a minimum.
Q: Do you trade your own signals?
A: Absolutely! That’s how our signals are generated. Our professional trader sees the trades and advises what he’s doing on email to you. You then decide whether to take the trade or not.
Q: How long are your trades open?
A: Anything from a few hours to several days, it really depends on the market.
Q: If you can make so much money from trading, why sell this information?
A: Well, as you’re aware, we never risk more than 1% of our trading account at any one time. We're making money off trades which inceases our trading account but if we can super charge that with money off other services (such as selling this information) then we can place more on each trade which in turn makes us more money.
Q: Why are your signals more expensive than other signal providers?
A: This is easy. It’s because we’ve decided to limit the number of people who can benefit from our signals and also because we provide the best overall solution when you take in account the number of pips won, the screen time and lifestyle. Once you subscribe you’ll realise why we believe we’re the best.
Q. How can I start trading using your trading signals right now?
A. You will need a live or demo account with any broker or dealing company and your subscription to the MMFX service. You will also need access to a charting package if your broker doesn't offer this already.
Q. I don’t have an account with a broker/dealing company; who should I approach?
A. We use and recommend IG Index, click here to open an account with them.
Q. I am not a professional trader; can I trade using your trading signals?
A. Absolutely! Essentially, our professional trader will tell you what’s he’s doing, you just then decide whether to copy that or not. Just read the email each day, place your orders and manage your open trades as our professional does using the info he supplies, there is no need for you to be a professional.
Q. How do I register with you?
A. To register, please click here to subscribe right now. Your account will be activated and you'll receive your first email with trading information on within 24 hours.
Q. How long will my account be valid?
A. For as long as you continue paying your subscription. You can cancel at any time.
Q. Can I receive trading signals via WAP, email or SMS?
A. We deliver our signals via email only I’m afraid. Nowadays with so many receiving email on their phone it by far the most comprehensive way of delivering the information to you – remember, you will be receiving information on up to 28 currency pairs, this would be too much for SMS.
Q. What is the minimum deposit for trading using your trading signals?
A. We believe that a comfortable level of risk for most people would see them never risking more than 3% of their trading account on any one trade, preferably 1%. Therefore, for most trades you ideally need a minimum of £2,500 in your account.
Q. How much per pip should I trade?
A. This is entirely up to you. If you decided to go with the 3% risk rule, then use the following formula:
AMOUNT PER PIP = ( ACCOUNT BALANCE x 3% ) / RISK
Some examples:
AMOUNT PER PIP = ( £2,500 x 3%) / 140 points risk = £0.53 per pip
AMOUNT PER PIP = ( £10,000 x 3%) / 160 points risk = £1.87 per pip
Q. How often are trades made?
A. Practically daily. There should be something to do each day, either place a trade, close an existing trade or manage an existing trade but it is really dictated by the market.
Q. What currency pairs do you send trading signals on?
A. Unlike most other signals providers, we aren’t limited to the ‘majors’ and the popular pairs, we have 28 pairs that have been hand picked by our professionals as being the most consistent and also offer the lowest spreads to keep your dealing costs to a minimum, they are:
| AUD/CAD |
EUR/AUD |
GBP/USD |
| AUD/CHF |
EUR/CAD |
NZD/CHF |
| AUD/GBP |
EUR/CHF |
NZD/JPY |
| AUD/JPY |
EUR/JPY |
NZD/USD |
| AUD/NZD |
EUR/NZD |
SGD/JPY |
| AUD/USD |
EUR/USD |
USD/CAD |
| CAD/CHF |
GBP/CHF |
USD/CHF |
| CAD/JPY |
GBP/EUR |
USD/JPY |
| CHF/JPY |
GBP/JPY |
USD/SGD |
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GBP/NZD |
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Q. What does a trading signal look like?
A. Your signal email will contain a table that looks like this:
Q. How do I know when to open or close a trade?
A. Your signal email will tell you what our professional traders are doing (see above), you can copy their trades if you wish but please be aware that due to FSA regulations we never offer advice. We simply tell you what our professional traders are trading and then you decide whether to mimic their trades (HINT: If our professionals are doing it, then its a good thing!). Trades are either closed manually or when they hit their limit order.
Q. What profit can I expect with MakeMoneyonFX.com trading signals?
A. It really depends on how much per point you are willing to place on your trade. However, our stats have shown over 10,000 pips over the first three months on 2009 (some of the most difficult trading times ever!), if you were trading at £1 per pip that’s over £3,000 per month. Imagine how much money you can earn if your trading account allows you to trade at £5 per pip or more!
Q. I have missed the trading signals email, what should I do?
A. Well, you can possibly catch up on the morning. Since all trades are only ever entered by an order (ie you don’t have to be at the computer to open the trade) there is a chance that the price hasn’t reached the order level yet early the next morning, therefore, it is possible for you to ‘catch up’ early the following morning. Sometimes though the order may be executed over night, in which case you would have missed that trade.
Q Do you use orders for opening of a position or I shall enter market as soon as I receive signal?
A. All trades are entered via orders. We believe that trading should give you a lifestyle. Being glued to a screen waiting for a price and watching the market eats up your time, our system means minimal screen time and entering trades on orders so you can go and enjoy yourself doing something else!
Q. Do I have to take every trade?
A. The short answer is yes. Our trades are based on a system, there are winners and there are losers, by taking every trade you catch every winner and loser. The winners are bigger and more frequent than losers, therefore, if you decide to 'pick and choose' your trades, you are inceasing the chance of picking more losers! Our stats are based on, and our professionals take, every trade over the 28 pairs, its the only way to ensure success.
Q. What do Short and Long mean?
A. These phrases indicate the current position and instructions for opening or closing a trade.
Short (or Sell Short) = Sell chosen currency (expecting price to drop)
Long (or Buy Long) = Buy chosen currency (expecting price to rise)
Q. What do the different codes and terms on the signal mean?
A. Quite simply:
| Buy |
Buy the currency, we're expecting the price to go up |
| Sell |
Sell the currency, we're expecting the price to drop |
| Entry |
This is the price to set the order at, meaning that if the currency hits this figure, the order will execute and our trade will be open |
| Stop |
This is where to place the stop loss should the trade activate |
| Limit |
This is where your limit order should be placed in the order ready to take profits should the trade activate |
| Risk |
This is the total number of points being risked on any one trade (the maximum you can lose in this trade if it activates). |
| Reward |
The number of points (pips) you will win if the trade activates and hits the limit. |
| Limit Hit! |
The open trade has automatically banked some profit |
| Close |
Our professionals are taking profit and exiting the trade. |
| Move S/L |
Move the stop loss from it's current position to the number in 'Level' - this usually locks in profit that simply can't be lost! |
| No action |
Do nothing with this trade, let it run it's course |
| Stopped |
This open trade has been stopped out during the course of the day and we've either lost or won some pips as a result. |
Q. What are the payment options for yor signal?
A. The subscriptions are done via Paypal. It’s quick, easy and secure, plus it's used by so many people.
Frequently Asked Questions - LIVE Trading Room
Q. Can I really see your pro traders screens?
A. Yes! We use software that broadcasts the screen content across the web so you can see exactly what our pro trader is seeing, including his live orders!
Q. How will I hear him talk through the set ups?
A. As a currency pair lines up, you will hear through your PC, our pro trader talking about it and how its lining up, he will then talk through where he will be placing his stop and when he is entering
Q. Can I copy your pro traders trades?
A. Yes if you want to. Remember though, we don't recommend a trade or advise a trade at all. If you decide to copy our traders trades then your do so at your own risk and the outcome of the trade (good or bad!) is your responsibility.
Q. You talk about risking 1% of your account, what does that mean exactly?
A. One of the biggest controlling factors of profitabiilty on FX is money management, and that's why we only risk 1% of our account. So, let's say our account is £1,000. That means we will risk no more than £10 on a trade, so if the trade went wrong, I would lose a maximum of £10. If the trade is a 10 pip risk, then £10 over 10 pips means I will trade at £1 per pip.
Q. What's a 2% or 3% return?
A. OK, you now understand we risk 1% of our account on any one trade. Let's that the £10 example above. If I profit to the tune of 3%, well, if 1% was £10, then a 3% profit is £30 (3% of the original £1,000).
Didn't find your question? No problem!
Feel free to contact us by emailing profits@makemoneyonfx.com. We will be glad to help you.
5 Reasons Why You Should Subscribe to MMFX Right Now!
- Statistics currently show over 3,000 pips per month
Check out our stats page to see how we rack up the pips!
- 30 minutes screen time a day to generate huge income
Yes, its true! We believe trading is about lifestyle as well as income.
- More currency pair signals than any other provider
Signals on up to 28 Currency Pairs
- Easy, stress free trades
Set and forget until the next day, you can still go to work or go out and have fun whilst you make money on the FX market
- You will be one of an elite club
We are limiting this to just 200 people worldwide! Our system is powerful and we don’t want thousands of subscribers
- BONUS Reason! We’re so confident of our service that we give you 30 days worth of signals for FREE!
Yep, and whats more, previous clients have made enough money through the first months free use to more than pay for over a years worth of signals!
- BONUS Reason 2! Remember our LIVE Trading Room each weekday is AWESOME! You will see our traders screens and hear him talk through the set ups so if you wanted to you can COPY HIS TRADES!
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