Frequently Asked Questions
See the Answers to Most Frequently Asked Questions
Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. It is one of the most actively traded markets in the world, with an average daily trading volume of $5 trillion.
Forex can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another
– if you have ever traveled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
There are a variety of different ways that you can trade forex, but they all work the same way: by simultaneously buying one currency while selling another. Traditionally, a lot of forex transactions have been made via a forex broker, but with the rise of online trading you can take advantage of forex price movements using derivatives like CFD trading.
CFDs are leveraged products, which enable you to open a position for just a fraction of the full value of the trade. Unlike non-leveraged products, you don’t take ownership of the asset, but take a position on whether you think the market will rise or fall in value.
Although leveraged products can magnify your profits, they can also magnify losses in the market moves against you.
A forex trading robot is a colloquial term for algorithmic trading based on a set of forex market signals that helps determine whether to buy or sell a currency pair at a given point in time. These systems are often fully automated and integrate with online forex brokers or exchange platforms.
Copy trading allows traders to copy trades executed by other investors in the financial markets. The goal of copy trading is for the trader to have the same positions as the investor they are copying. When copying another trader, one doesn’t receive the layout of the trader’s strategy, but simply follows their trades blindly. This compares with mirror trading, which allows one to copy a trader’s actual strategies.
The Trade Copier software will trigger all the trades to automatically open in your account. If a trade is closed in the master account, it also closes in your account. You don’t need to do anything after the initial setup.
Algofxtrading is a fully automated trading system for the Forex market using the MetaTrader4 platform. The algorithm is based on a trending strategy and takes care of entries, exits (always using TP and SL), and trade management.
Algofxtrading allows for all trades to be automatically opened, modified, and closed on your MT4® account. Algofxtrading consists of one master account and an unlimited number of sub accounts. You can disconnect anytime.
Once the payment setup is successful, we will take it from here. Any trades we place on our master account will be automatically copied to you MT4 trading account. With the lots automatically adjusted to suit your accounts balance, meaning no manual input is required.
We are not a broker. We have broker that we could recommend .This will maximize performance and results. We partner up with a regulated broker to provide the tightest spreads and best support team in the industry.
We recommended IcMarkets because of the safety precautions and a good reputation in the currency and CFDs market, IC Markets is perfectly safe for both beginners and advanced traders.
IcMarkets is an Australia-based global forex broker founded in 2007. The company has several branches and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and the Australian Securities and Investments Commission (ASIC).
IC Markets is considered safe because it is regulated by the top-tier ASIC
No, we do not recommend mixing Algofxtrading strategies with others. The algorithm automatically close trades outside their system
Algofxtrading provides turnkey infrastructure in a “cloud” mode, and supports its management. All you have to do is let the earnings come.
Our exclusive trading bot is capable of achieving returns around a monthly 30% of the initial deposit. Does that entail a huge average drawdown? Not at all, just 5%.
Our Robots allow the automation of analytical and trading processes. They can open and close trades based on certain criteria or calculations that it has been programmed to do.They are capable of opening and closing orders much faster and much more efficiently than a human ever possibly could, and they can do this 24 hours a day. Robots never sleep, never get tired and don’t have human emotions, which makes for an ideal trading tool. A human will simply NEVER trade better than a robot!
No . We recommend IC Markets for Customers Worldwide, and forex.com for American traders because they are the top choices for automated trading and the security precautions and their good reputation in the Forex and CFD market
The basis of our methodology is the suppression of the risk of total loss of the capital invested by the client. We accomplish this goal with an extremely strict risk management of the positions and a very short average floating time.Trading should be looked at as a long term investment. Past performance does not guarantee future results.
Copy trading offers the opportunity to take the same exact trades as professional expert traders.
Yes, charges will be made automatically so that your copying doesn’t get interrupted. You can cancel your subscription at any time.
The alogs (strategy) needs min capital $1000 to calculate the margin per trade.
You can check Transparency of Algo performance which are connected with live real accounts with their statements and 24×7 live running account telegram . Our robot’s strategies are first applied to our own funds and automatically reflected in your portfolios .
At a moment, we accept Credit Cards & PayPal
No. Because we use API technique you need just connect your MetaTrader 4 login credentials provided by broker (Login, Password, Server) to our Algo via your dashboard algofxtrading and you will automatically copy our transactions. The lot size will be adjusted based on your balance.
Yes, you can cancel your subscription at any time.
In any investment program, there is a certain degree of risk. However, there are several simple ways to help you to reduce the risk level. Algofxtrading has been tested for 48 months prior to release to make sure that the technology works and is free of bugs. This, however, does not constitute absence of risk. There might be cases of force majeure which may result in halting of the service or loss of all funds.
Yes absolutely, there are many members that are new to Forex trading. Our users range from beginners to advanced traders. Whether you have never traded before, have some experience or you are a professional that is strapped for time, you can take advantage of copying our trades. All you need to have a trading platform app (MetaTrader 4 recommended), open an account with our partner broker and fund it
