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General Forex Trading Questions
Q. What is Forex trading
A. The Foreign Exchange market, also referred to as the “Forex” market
or ‘FX market is the most traded financial market in the word with a daily
volume of over $3 Trillion, if you compare the daily volume to that of the stock
exchange ($25 billion a day) you can start to understand exactly how huge the
Forex market is. The Forex market is basically the simultaneous buying of one
currency and selling of another. The world’s currencies are on a floating
exchange rate and are always traded in pairs, for example Euro/Dollar or
Dollar/Yen.
Q. Is Forex trading expensive?
A. Forex trading can be as cheap or as expensive as you want to make
it, there is a limitless amount of money that can be traded, yet also you are
able to start with as little as $100 with some brokers. Amazingly Forex allows
customers to execute margin trades at up to 200:1 leverage (again this depends
on your broker), this means that investors can execute trades of $10,000 with an
initial margin requirement of $50.
Q. What tools do I need to begin trading Forex?
A. A computer with an internet connection (or a Virtual Private Server
for remote trading). It’s that simple!
Q. What trading software do I need?
A. You simply need to download and install MetaTrader 4 and you’re
good to go!
Q. Do I have to execute the trades myself?
A. Although you can and many people do trade forex manually the 1
Click Pips system is fully automated meaning once it is set up you don’t have to
touch it again, it will determine the entry and exit points and place and close
all the trades automatically.
Q. When can I trade the Forex market?
A. A true 24-hour market from Sunday 10:00 PM GMT to Friday 10:00 PM
GMT. Unlike any other financial market, investors can respond to currency
fluctuations at the time they occur – day or night.
Q. What is an EA?
A. An EA is a robot which written using the MQL-4 language and
designed to work on the Metatrader 4 platform. This software can be programmed
to notify you when there is an opportunity to trade in the forex market or carry
out the trade automatically for you.
Getting Started With 1 Click Pips
Q. Do you provide video tutorials?
A. Absolutely. Easy to follow, step by step video tutorials are
provided for all our products to assist you with understanding and installing
the software.
Q. Do I need to any technical knowledge at all to use this?
A. No technical knowledge is required, we walk you through the setup
process step by step and once you have the 1 Click Pips system installed then it
runs by itself.
Q. Can you guarantee me this will make me money?
A. I can’t give you an explicit guarantee as this illegal and also
anyone that does would be lying, however by giving you an unheard of 60 DAY no
questions asked refund policy shows exactly how confident I am.
Q. Do I need to leave my computer turned on all the time in order for
the software to work?
A. Your computer will need to be turned on unless you use a VPS.
Running 1Click Pips On a VPS system
Q. What is a VPS?
A. A VPS (Virtual Private Server) can host your metatrader 4 platform
on it so you don’t need to constantly keep your computer running.
Q. Can you reccommend a VPS service that is reliable?
A. Yes
http://www.forexvps.com is very reliable and a good choice
Specific 1 Click Pips Questions
Q. What time frame chart is the 1 Click Pips system applied to?
A. It runs on the 4 hour chart, this is the most reliable chart we
feel as a lot of fickle short term movements that are hard to predict are not
taken yet we can still catch the trends in time.
Q. Have the out of the box settings already been optimized?
A. Yes by default you will get best settings for current market. We
will send you updated settings when needed and it’s of course these updates are
free.
Q. Does the software trade daily?
A. The software will trade most days depending on how many pairs you
have enabled in the ‘Market Watch’ section of metatarder.
Q. What pairs does this software trade?
A. The 1 Click Pips standard version is limited to 4 pairs, Eur/Usd,
Usd/Jpy, Aud/Usd and Gbp/Usd, the Extreme version which is available as an upgrade
HERE will trade all
forex pairs and also has a superior algorithm and more input settings that can
be tweaked by the user.
Q. What Lot size should I use?
A. We reccomend the following lot sizes for your account to safeguard
your deposit against any potential drawdowns, you can trade more if you wish but
these are the settings we recommend (based on a standard metatrader 4 account
i.e not a mini or micro account).
Use lot = 0.01 for deposits less than $1000 usd
Use lot = 0.1 for deposit from $1001 to $4999
Use lot = 0.5 for deposit from $5000 to $9999
Use lot = 1 for deposit $ 10K and above.
Q. Will 1 Click Pips work with ECN brokers?
A. Yes it will work with any broker that offers the MetaTrader 4
platform
Q. How does it deal with the new US trading rules?
A. It is not effected by the new rules and will work fine.
Q. Does 1 Click Pips work with 5 digit brokers?
A. Yes it will work with any MetaTrader 4 broker
Q. Which MetaTrader brokers do you recommend using?
A. You can use any MetaTrader 4 broker but we recommend that you do
thorough research on them beforehand and only use one with a trusted name.
Q. How many Accounts can 1ClickPips be run on?
A. You can run a single license on 1 live account and 1 demo
account only – if you want to use a system on several accounts you have to
purchase several licenses.
Q. How can I perform a backtest on this system?
A. Because of the way the 1 Click Pips system trades (using 1 chart
and the market watch for its data) it is not possible to backtest this system.
Q. Do you provide support?
A. Yes, we have a fully trained support team ready to help you with
any issues you might have, simply use the customer support form in the members area to submit a question.
Problems and Troubleshooting
Q. There is a sad face on my chart instead of a happy face
A. Make sure you have the ‘Allow live trading’ ticked under the expert
advisor properties ‘common’ tab
Q. There is an X in the top right corner instead of a smiling face
A. Click the ‘expert advisor’ tab on the top toolbar
Q. My metatrader platform crashed when I try and attach 1 Click Pips
system to the chart
A. Your metatrader platform is out of date please update to the latest
build.
Once again we would like to thank you for your purchase, we have a fully
trained team on standby to answer any of your questions and help you with any
aspect of the setup procedure please do not hesitate to contact us using the customer support form in the members are if you need further assistance.
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