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Q&A

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.

Forex Hero Signals

What is Forex Hero Signals?

Forex Hero 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 Forex Hero Signals work?

Forex Hero 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?

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 Forex Hero Signals?

Forex Hero Signals is a subscription service – beyond the stated membership fees there are no fees to be paid in order to use the service. We have many packages starting from $69 to $199 based on the features and services provided. and no hidden fees after that.

How much money do I need to use Forex Hero Signals successfully?

We prefer to have at least $500.

How does Forex Hero Signals compare to other signal systems?

Forex Hero Signals 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.

Can I use Forex Hero Signals anywhere in the world?

Yes, all that is required to use Forex Hero Signals 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:
if you request a return in the first 7 days of your subscription then it will be OK . otherwise sales is 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 Forex Hero Signals?

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 Forex Hero 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 Forex Hero Signals?

No. Forex Hero Signals only requires basic computer skills and a sound understanding of the English language.

Which currencies do you provide signals for?

Forex Hero Signals 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?

All trades are done automatically . and no need to touch anything if you like too.

How should I use the signals?

Just register, pay then add your Forex account details and finally activate the trade copier, which is taking 5 minutes only. Then everything will run automatically .

The full subscription guide is here : https://forex-hero.com/subscription-guide/

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.

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.

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