Subscribe to MILLENNIUM FXS services.
The forex signals will be send via skype fforexsignals.
"Trade safe and protect the capital."
MILLENNIUM FXS
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Frequently Asked Questions
1.Which are the pairs traded by the system?
We generate signals for these pairs: EURUSD, GBPUSD, EURJPY, USDCHF, NZDUSD, USDCAD, USDJPY, GBPJPY, AUDJPY, NZDJPY, CADJPY, CHFJPY, GBPCHF, AUDCAD, AUDCHF, AUDNZD, AUDUSD, CADCHF, EURAUD, EURCAD, EURCHF, EURGBP, EURNZD.
2.How long are positions held?
All open trades are at 6.00 am London (GMT Western Europe Time) and new signals will be placed on the members area the day after. For live signals subscribe to MILLENNIUM FXS services. The forex signals will be send on our page FX Signals Area and live only via skype.
Sign up for our forex signals service. Our free service is available for two month.
3.When are signals sent and how often?
We analyse the market and send the signals.We send 2 - 3 signals every month. We don't scalping.
4.Don't ask for signals.
Don't ask for signals. We don't send the signals when you ask them.
We don't trade when we want, we trade when the market offer a good oportunity for trading.
So please, be patient and polite.
We don't trade during news, holiday banks.
5.Discussions.
During trading session we can't asnwer to all questions.
We can't take long discussions. Be short and ask questions only if it's necessary.
6.How are the trades generated?
We use a proprietary system. The system generates high probability entry points, if the price trades at our entry point level most likely will continue to move in that direction.
7.Is the system mechanical?
Yes, it is 100% mechanical; there is no subjective criteria to follow the trades.
The system of global trading in foreign currency is known as the Foreign Exchange Market, Forex, or just FX. Over the last three decades the foreign exchange market has become the world's largest financial market, it trades over $1.5 trillion USD daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Forex is part of the bank to bank currency market known as the 24-hour Interbank market.
9.Why Forex trading?
Forex trading is attractive because it offers unparalleled freedoms. A Forex trader can live almost anywhere as long as he/she is within reach of the internet. A Forex trader can work from home or office, and in some cases, even trade while traveling! A Forex trader can usually choose his/her own hours to work since the global foreign exchange market is open 24 hours a day. A Forex trader avoids many common headaches associated with running a business because there is NO inventory, NO shipping, NO billing, NO collections, NO employees, NO commuting and NO dress code. And finally, since Forex traders can potentially earn a very high income, they enjoy the possibility of never, ever working for someone else again!
10.How high are the risks in FOREX trading?
The risks can be high but also controllable. Forex traders around the world are competing against other forex traders, banks, and institutional traders who are seeking the same potential rewards from their own trading activities. Money management, discipline, talent, and a lack of emotion are traits you will want to develop in FOREX trading. But remember, FOREX Trading is speculative and any capital used should be risk capital. In fact, we recommend that you trade on a demo account until you have shown profit for at least three consecutive months before trading real money.
11.What are "long" or "short" positions?
A long position is one in which you buy a currency at one price, with the expectation of selling it later on at a higher price. Obviously, you anticipate that the market will rise. A short position is one in which you sell a currency with the expectation of buying it back at a lower price. Here, you expect the market to fall. Every FX position you take automatically entails going long in one currency, and short the other. If you buy one, by default you are shorting the other.
12.How much a pip worth?
If you trade the full contract (100k of currency) the EUR/USD and GBP/USD are worth approximate $10. In other words if you have a trade with 50 pips in profit, it means the gain is $500. ($10 per pip x50 pips). If you trade a mini account is 1/10th of the size, 50 pips will worth $50.
Disclaimer
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the fx5005.blogspot.com and any authorized distributors of this information harmless in any and all ways. All rights reserved. The use of this website constitutes acceptance of our user agreement.
