Money sustains relationships and
marriages, not love;
therefore it is imperative that lovers and would-be married couples and married
couples create and maintain more than one channels of income. Engaging in forex
trading is one legitimate way to make some extra cash. Trading can be done at
home full time or part time.
The
facts explained in the Q&A below can help you to trade online with ease,
thus, sustaining your relationships and marriages.
Forex
What is forex?
The
foreign exchange market is a 24/7 global marketplace where participants buy and
sell the world’s currencies. Many currencies trade on the open market where
prices are determined according to the price at which market participants are
willing to buy or sell a particular currency in exchange for another. Forex is
the largest and most liquid market in the world. While there is no single
physical location, the majority of trading activity takes place in London.
How do people make money trading
forex?
As in
other market environments, if a market participant buys an asset at a price
lower than the price that the participant is able to sell the asset for a some
point in the future, the individual is able to realize a profit on that trade.
For example, if earlier today you purchased some Japanese Yen in exchange for
US Dollars, and the value of US Dollars had since decreased relative to the
Yen, you would be able to buy back more US Dollars than you started with (i.e.
you would generate a profit in US Dollar terms). Market participants make money
by buying and selling the right currency pairs at the right time.
Is forex trading legal?
Yes. In
fact, government central banks engage in currency trading on a major scale.
How does forex trading work?
A forex
trade takes place when a market participant buys one currency in exchange for
another (e.g. buy Japanese Yen in exchange for US Dollars). All trades are
executed through a forex broker or dealer.
What is pip?
Pip
stands for ‘percentage in point’ and refers to the smallest price increment
available to forex traders. For example, if the USD/AUD bid price increases
from 1.2000 to 1.2010, the pair is said to have increased by 10 pips. Note: All currencies except for the
Japanese Yen are quoted to four decimal places. The Japanese Yen is quoted to
two decimal places.
What is leverage?
Leverage
allows traders to invest with borrowed money to amplify their trading
performance. When using leverage a trader is able to enter into much larger
contracts than their underlying deposit would normally allow. If a broker
offered leverage of 200:1, the trader would be able to buy or sell $20,000
worth of currencies with a margin deposit of $100.
What are stop-loss orders for?
Stop-loss
orders allow traders to set limits where the position will be automatically
liquidated. They are a useful way to reduce risk if the market moves in an
unfavorable direction.
How are the signals generated?
Our team
has spent years developing sophisticated financial models and advanced computer
software that analyze market movements to determine the best time to buy or
sells currency pairs. The software is focused on predicting pivot points for
select currency pairs.
OmniForex Signals
What is OmniForex Signals?
OmniForex
is a service that provides users with indications as to when it is a good time
to buy or sell on the foreign exchange market.
How does OmniForex Signals work?
OmniForex
provides users with signals that recommend the timing of currency trades. The
signals are identified by a sophisticated set of computer algorithms. The user
can simply follow the instructions to buy or sell a particular currency pair
using a forex platform.
How often are the Signals
generated?
Currency
traders normally specialize in one of three trading frequencies: intraday (i.e.
up to 6 trades in a single day with no positions left open overnight); daily
(i.e. one trade per day); or weekly (i.e. one trade per week). Users can select
which strategy they would prefer depending on the amount of time they are able
to spend on their trading, as well as their personal investment style.
What does it cost to use
OmniForex?
OmniForex
is a subscription service – beyond the stated membership fees there are no fees
to be paid in order to use the service. Users are invited to try the
full-featured service for an initial 3-day period for $4.99. After the trial
period has ended, the monthly membership is $99.90. This cost does not include
money for trading or brokerage services.
How much money do I need to use
OmniForex successfully?
It
depends on the amount of leverage made available to you by your Forex broker as
well as the minimum trading amount. Some brokerages will allow you to use a
high level of leverage (up to 400:1) so for every $1 that you invest you will
be exposed to market movements as if you were trading with $400. What’s more,
some brokerages will allow you to start trading with as little as $1. Yes one
dollar.
How does OmniForex compare to
other signal systems?
OmniForex
is a fully automated signaling service – it does not require you to do any of
the market analysis manually. Many so-called systems simply suggest methods
that you can use to time forex transactions without signaling specific trades.
How do I get paid?
This
will be determined your selected forex broker. Brokers are generally able to
transfer earnings into your bank account regardless of the currency that your
account is denominated in.
Can I use OmniForex anywhere in
the world?
Yes, all
that is required to use OmniForex is a computer with an internet connection.
Will you really give me my money
back, if the program doesn't work?
Yes. Our
official return policy is as follows:
We will,
at our option, replace or repair any defective product within 60 days from the
date of purchase. After 60 days all sales are final.
Am I able to cancel my membership
at anytime?
Cancellation
must be made at least 24 hours before the end of the current membership period
in order to prevent billing for the following month.
What happens when I purchase
OmniForex?
After
you make a purchase you will be invited to create a username and password. You
will then be able to access the Members Area which provides information about
how to use OmniForex Signals. In the Members Area you will also be able to
choose when your preferred trading strategy.
Do I need a special skills to use
OmniForex?
No.
OmniForex only requires basic computer skills and a sound understanding of the
English language.
Which currencies do you provide
signals for?
OmniForex
provides daily signals for 18 currency pairs, as outlined below: AUD/USD,
AUD/JPY, CHF/JPY, EUR/CHF, EUR/CAD, EUR/JPY, EUR/AUD, EUR/USD, EUR/GBP,
GBP/CHF, GBP/USD, GBP/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY, XAG/USD, XAU/USD
Is the system automated?
Yes. The
system makes all recommendations automatically: trade entry times, trade exit
times and stop-loss amounts for each of the currency pairs listed above. It
does not require the user to think about whether or not a trade should be made.
How should I use the signals?
The signals
should be used to execute trades. As the algorithms rely on predicting market
pivot times, there is no information provided about price level data. The user
should log on to OmniForex the night before a trading day to see the signals
for the following day.
Which pairs should I trade?
The user
can select whichever pairs he or she chooses. It is recommended that the user
continues to trade the same pairs for several months to not miss out on the
profit opportunities arising from those pairs. Users can diversify their
positions by trading more than one pair.
What if I cannot execute a trade
recommended by the signals?
It is
important to be available to execute the signaled trades. If a trade cannot be
executed, it is recommended that the user does not execute the trade at a later
time. It is better to miss a trade than to make a trade at the wrong time.
Am I able to close a trade if I
am making a profit?
While
the user can close a trade at any time, it is recommended that they trade at
the closing time indicated by the signal. Closing a position early might lead
the user to miss out on greater profit opportunities that occur after the
position has been closed.
What is the difference between
OmniForex Signals and robot trader systems?
Most
robot trader systems make trades and trading recommendations based on simple
and exponential averages of historic prices. OmniForex uses more sophisticated
mathematics, including neural networks and genetic algorithms, and takes into
account a greater number of parameters. The computation behind the OmniForex
algorithms is too great to take place on a normal PC (hence the web delivery
model); most robot trader systems run locally on PCs because they are less
computationally intensive.
Forex
trading just got better!
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