FREQUENTLY ASKED QUESTIONS
WHAT IS A FOREX101 SIGNAL?
A forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time in hopes of a profitable trade. The signal is generated by our head trader who’s a Certified Technical Analyst with over 11 years in the markets supplied to a subscriber of the forex signal service.
WHAT TIME ARE YOUR SIGNALS SENT OUT?
Our signals are generated throughout the day as we see positions. We’re constantly analysing different pairs but we trade based off of the 1 hour, 4 hour, and daily candle closes. Usually, mornings and evenings AEST is the most common signal times.
HOW MANY SIGNALS ARE SENT OUT?
We average 5-10 signals per week.
HOW DO I CALCULATE MY RISK FOR SIGNALS?
We recommend using MyFxBook Position Size Calculator.
They also have an app to download on your mobile device to calculate on the go.
HOW ARE YOUR SIGNALS SENT OUT?
Our signals are sent out in an exclusive Telegram chat room and are notified directly to your phone.
ARE YOUR SIGNALS SENT WITH A TAKE PROFIT AND STOP LOSS PRICE?
Yes, every signal sent out has a take profit target with a minimum 1:2 risk to reward ratio and a stop loss price. We recommend risking no more than 1-2% of your capital per trade to maintain great risk management.
WHAT IS YOUR WIN/LOSS RATIO?
We average around 50% win/loss ratio. With the correct risk/money management, 50% is hugely successful. We emphasis risking no more than 1-2% per trade of your total capital. Our signals are always above 1:2, 1% risk for minimum of 2% or more gain so you always stay on top.
HOW MUCH MONEY DO I NEED TO TRADE?
This question depends on how much you want to risk. We recommend starting with no smaller than $500 AUD to make it worth while with small returns and proper risk management. However, it is completely personal preference.
IS YOUR EDUCATION REFUNDABLE?
Unfortunately due to the type of services and education we provide we do not offer any refunds.