The Most Commonly Asked Questions
Here are most commonly asked questions we’ve received:
What broker do you recommend?
We have a range of preferred Forex brokers organised to provide our clients with the tightest spreads available. We will assist you in choosing an appropriate broker and setting up your trading account.
How much do I need to trade?
We suggest starting to trade with a smaller margin amount and building up over time. All traders should only trade with money they can afford to lose. This enables you to trade from a comfortable position as you become efficient with the mechanics of placing trades and modifying orders (with our assistance).
What is leverage?
Think of your broker as a bank who basically loans you $100,000 to buy currencies. All he asks from you is that you give him $1,000 as a good faith deposit, which he will hold for you but not necessarily keep. Sounds too good to be true? Well this is how forex-trading using leverage works. The amount of leverage you use will depend on your broker and what you feel comfortable with. Generally, 50:1 or 100:1 is recommended.
Can I trade from overseas?
Yes, Forex is a 24-hour market. If you have a 3G mobile phone or a broadband internet connection you can trade from anywhere in the world.
Can I trade on my mobile?
Yes, you can trade directly from a 3G mobile phone. You can easily place a trade, modify the order, check charts, and manage your account from your 3G mobile phone.
Do I need a new computer?
No, most computers manufactured within the last three years are more than powerful enough to trade. We recommend a computer that has an Intel chip set and has approximately 2 GHZ.
How many trades do you get per day?
We are focused on high probability trades. We will deliver approximately 1–3 trades per day.
Is this gambling?
No, gambling is when the house has the advantage over the gambler. We gain this advantage by using only proven signals that have over 70% success rates. We also garner advantage by trading with the assistance of a professional trader.
What kind of internet connection do I need?
ADSL, ADSL 2, cable or wireless broadband, or satellite.
So register now to find out more about how Forex can change your life.
Universal Events Pty Ltd makes no representation and gives no warranty to the accuracy of the preceding information and does not accept responsibility for any errors or inaccuracies in, or omissions from, the information contained herein (whether negligent or otherwise) and shall not be liable for any loss or damage howsoever arising as a result of any person acting or refraining from acting on any information contained herein. No reader shall reply solely on the information contained in this document, it does not purport to be comprehensive or to render specific advice. This information is provided for general educational purposes only. This disclaimer does not purport to exclude any warranties implied by law which may not be lawfully excluded.