Frequently Asked Questions:
Here is the list of frequently asked questions; you will find answers of many questions which might be swarming in your mind. If you still have any other doubts please contact us.
Q-How to start using Automated Forex Trading Software?
A-Whenever you plan to review or invest in a new venture [in this case, forex market] your first step is to collect as much information as possible about the venture in question. This should be your first step while using Automated Forex Trading software. The website offers courses, strategies and a lot of useful handy tips for new traders. Try soaking in as much information as you can to get the maximum benefit.
The next step is to open up a demo account with your broker. A demo account ensures that you do not lose any money while trying Automated Forex Trading. The products also have 60 days money back guarantee offer.
Q-Which software would I Need In Order To Run The Automated Forex Trading Software?
A-In order to run the Automated Forex Trading software, you will need to download the Metatrader platform. You can also visit the websites that brokers run and can download white labels of the Metatrader platform. Note that not all brokers have these white labels of the MT4 platform. You can also go to the official MT4 site in order to download the platform: www.metatrader4.com
Q-How Do I Choose the Right Expert Advisor?
A-While it is true that different expert advisor have different approach but it is also true that most of our advisors have only helped our clients make huge profits. There are plenty of advisors that you can choose from. Every advisor will have one-of-a-kind strategy and will help you to capitalize on your strong points. Some advisors provide great calls; will help you make some money in the process. But remember, bottom line, you’re left holding the bill if a trade goes south. Here’s where risk management comes into play and one that you can use to limit your exposure.
However make sure that the advisor you choose has a live account running and with back testing. Back testing is a great option and it does help, especially if the software in question has a few glitches. You can also go through the reviews written by our clients and come to know more about the sort of advisors.
Q-What Is The Minimum Deposit Amount In Order To Get Running?
A-Starting with a demo account is highly recommended and in this case you would not have to pay a cent. Once you start learn the tricks of the trade, you can then kick start with a real account. With experience you are at an advantage and can easily open a new account for as little as $1. Some brokers also offer bonuses, that is, to deposit a certain amount and get returns on the amount deposited.
Q-Is Automated Forex Trading Legal?
A-There’s nothing illegal using an Automated Forex Trading. However brokers that you deal with have their own terms and conditions and your broker is also required to state that they do not have problems with you using Automated Forex Trading. In case, your broker does not affirm to it, they can and will use the same to withhold any payment/s you have made with trades executed through your Automated Forex Trading. It goes without saying that written proof to the same is quite important or an online agreement to it. This would help you to avoid any heartburn issues later on.
In certain countries non regulated Forex brokers are legal. However you should always be careful while depositing large sums with brokers who’re not registered or affiliated to any government/third party regulatory bodies. These brokers are not monitored by the government and therefore make sure that you start with short accounts or preferably demo accounts. You might as well try to withdraw part of your money to see whether the company in question is a scam or the real deal. Once you are sure, you can go ahead and deposit large amounts of money. However, our advice is that you trade with a regulated Forex broker.
Q-How can I use Automated Forex Trading Without Being At a High Risk?
A-Not risking your money is not just an option but is highly recommended by us. This is perhaps the reason why experts recommend demo accounts to newbies. You can simply start making trades with make-believe money and once you start getting better, you can then hit the real trades. You would also get acquainted with the broker and would be able to make huge profits with a real account.
Most companies also provide a 60 day money back guarantee on their Forex robot. Therefore you are safe and can even invest a large amount of money if are ready to. When you are trading in Forex, you are at a risk but with proper risk management skills, you can be well on your way to making huge profits.
Q-Does the Expert Advisor Provide Support?
A-Help is always around the corner. Most companies do have a support line that is open 24*7 and you can call the customer care executive at any hour of the day. You can also find support online and can check the company’s website to get help. We value our customers and therefore do our best to provide them with all the help they need. Good companies have a support line open throughout the day and therefore you should not settle for a company that does not have a good reputation in the market. Then of course you have the option of asking for a refund in the 60 day money back guarantee feature.
Q- How can I Protect myself from being scammed by brokers and Automated Forex Trading?
A-When you start with your forex trading stint, make sure that you take the following factors into consideration:
The quality of Automated Forex Trading expert advisor: make sure that you choose an advisor with good reviews and feedbacks.
Secondly, you can either choose a third party server or can have your own. If you are working on a company’s server, make sure that the company has a good reputation in the market.
Thirdly, make sure that the broker you are working with is a reliable one. You can find information about various brokers over the internet itself and if the broker is NFA regulated and allows the usage of an expert advisor, you are at a great advantage as the broker would never be able to withhold payment from you.