Why Forex trading?
When can I begin trading?
How much money do I need to start trading?
I don't live in the United States. Will I be able to still trade?
What kind on connection do I need?
What about the price of the software?
Do I need to have any specific academic background in order to be successful?
How much money can I make?
How is Forex trading different from traditional securities and stock trading?
How high are the risks in Forex trading?
Can I start part-time from my home or office?
There are many Forex trading systems. What separate's Steinitz HAS MTF Robot from the others?
Do I need a browser to run the Steinitz HAS MTF Robot?
Is there any special experience needed before becoming a Forex trader?
How soon can I start trading?
What equipment do I need?
What is live demo account trading?
What are my expected financial rewards?
Q. Why Forex trading?
A. Forex traders have 24-hour access to a market with superior liquidity to all the equity markets in the world combined, providing the flexibility to trade the Asian Pacific, European and/or U.S. trading sessions. Plus you can trade from home, your office or virtually anywhere in the world and receive rapid, accurate trade execution (under normal market conditions). FX dealers offer commission free trading (cost of the spread only) and substantially exceed the common 2:1 margin offered by equity brokers or 15:1 margin of the futures market, with most offering up to 100:1 leverage. Leverage is a powerful tool, and without proper risk management a high degree of leverage can lead to large losses as well as gains. In Forex you can familiarize yourself with a few currencies or many and trade on short term volatility or the longer term trends. Plus trading the major currencies provides more security then any company or commodity can offer. Once you experience the freedom of trading Forex it is hard to accept the restrictions placed on all the other tradable markets.
Q. When can I begin trading?
A. You can begin immediately after your payment is received. Upon receipt you will be given a download link so you can immediately download our charting software with all necessary indicators and instruction manuals and begin watching the Forex markets in real time. The system is designed so you can open trades on each signal simultaneously at the current market prices. You will also be given instructions on how to download your own free demo account to place practice trades immediately using the automated signals from the robot.
Q. How much money do I need to start trading?
A. This depends on the Broker you decide to open your account with. Typically, a micro account can be opened with as little as $250.00. Obviously, you can open your account with any size balance and trade much more if you would like.
Q. I don't live in the United States. Will I be able to still trade?
A. Although our customer base is made up of traders from North America, the software trading system can be accessed and implemented from anywhere in the world as long as you have an internet connection.
Q. What kind of connection do I need?
A. Although it is possible to successfully trade and monitor your charts using a regular phone line connection, a high-speed connection will allow you to search through your charts for trade signals much more quickly & easily. Three recommended high-speed Internet connection services are Cable, DSL, and ISDN (where available). Call your local TV Cable or Telephone Service Provider for pricing and availability in your area.
Q. What about the price of the software?
A. Most trading courses are sold for between $2000.00 to $4000.00 dollars and do not provide any chartings services, live data fees or trade signals (let alone 100% automated ones). Most data services charge anywhere from $100.00 to $250.00 per month just for the data feed alone.
ForexRobotTrader provides everything you need to get started as soon as possible.
Q. Do I need to have any specific academic background in order to be successful?
A. Not at all. Successful active traders come from many different professions. Unlike manual trading systems where you have to practice for many hours a day and stay up all night and up through the early morning hours our robot trades our system for you on your account.
Q. How much money can I make?
A. In FOREX trading, you can leverage your trades up to 200-400 times the equity in your account. Due to this potentially high leverage, FOREX trading can be a high-risk/high-return investment strategy. Please read all of our risk disclosures so that you are fully aware of all risks.
Q. How is Forex trading different from traditional securities and stock trading?
A. In general, Forex trading is usually a short-term investment strategy in relation to other investment vehicles. Trades may last a few minutes to several days with a short-term strategy or several months to several years with our long-term strategies. With a short-term strategy, the goal is to predict relatively small short-term moves in the market, compared to long-term growth investments like stocks, mutual funds, bonds, or long-term notes that may be redeemed at a future date.
When comparing Steinitz HAS MTF Robot with long-term strategies to other markets the biggest difference is that in Forex trading, you can earn daily interest on your open positions based on your leveraged trade volume. Most other markets don't pay you any interest at all on your open trades. Over the course of a few years this interest can accumulate to hundreds of percents depending on the interest rates and how much you are leveraged. For example, if you have $10,000, you could open 10 trades of $100,000 each ($1 million total trade volume) and earn daily interest on each of these open trades for as long as your trades are open. It's not much different than if you had borrowed $1 million (interest free on your end) and deposited the money into foreign banks around the world to collect interest. Your risk is the exchange rate between the currencies you bought and sold but the interest is 100% predictable and guaranteed. If the average interest rollover rate per trade is 4% per year on $100,000, then your return in interest alone would be $4,000 or 40% on your $10,000. This is before any profit or loss is taken from your trade positions as a result of currency appreciation or depreciation. In addition, holding your money in multiple currencies is a great way to diversify your wealth.
Q. How high are the risks in Forex trading?
A. The risks can be high. 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. Please read our risk disclosure at the bottom of the page for more information.
Q. Can I start part-time from my home or office?
A. Yes, this is highly recommended before committing to full time trading. We do not recommend quitting your job.
Q. There are many Forex trading systems. What separate's Steinitz HAS MTF Robot from the others?
A. What separates Steinitz HAS MTF Robot from other Forex trading systems is a combination of expertise, honesty, technology, extensive testing, automated trading and a product that delivers simple tools to effectively develop a trading strategy that you can back-test and verify for yourself. The Steinitz HAS MTF Robot Software has a back-test feature which allows you to back-test our automated trades.
Q. Do I need a browser to run the Steinitz HAS MTF Robot?
A. No. The charting software is downloaded to your hard-drive and opened from your computer. When you are running the charting software, you are connecting directly with the data-feed server and do not need to connect through web browsers which may slow some applications.
Q. Is there any special experience needed before becoming a Forex trader?
A. No, but any experience in the market would be advantageous. Familiarity with any kind of trading is helpful. The better your background the easier it will be to get started. Please see our risk disclosures as well.
Q. How soon can I start trading?
A. The typical timing from the time you sign up to the time you actually take your first real trade varies from individual to individual. You can begin trading on the live Demo account the same day. However if you are a novice trader you should not begin trading real money until you have completed at least 2 to 4 weeks of profitable trading on a demo account. By then you will have become comfortable with our software and developed a "feel" for the market so you will have the confidence to enter your trades without second guessing.
Q. What equipment do I need?
A. A Pentium 1 Computer or better running Windows 95/98/2000, ME or XP with a 56k bps modem or faster. Right now the charting software does not support Apple or Linux. You will also require a connection to the Internet, preferably high-speed such as Cable, DSL, or ISDN, however dial up will work.
Q. What is live demo account trading?
A. A live demo account looks and acts just like a real trading account except it does not contain any real money. It is set up with "play" money for the purpose of practicing & sharpening your trading skills within real market conditions without risking any of your own real money. If you are a novice trader we recommend that you trade on a demo account until you have had at least 1 or 2 consecutive profitable months in a row. This is our way of being responsible to you and it's a vital and essential part of the learning process. Instructions for establishing a demo account are detailed on our website.
Q. What are my expected financial rewards?
A. Individual results can vary greatly between each trader. There are many factors which may affect a trader's individual performance. Such factors include but are not limited to: the currency pair or pairs traded, the level of aggressiveness and the number of trades taken, the amount of leverage used, the amount of available margin in an account, the style of trading, how you use a trailing stop-loss, the amount a trader risks per trade vs. the amount of attempted profit, the trader's level of understanding and application of the software, signals & instructions, a trader's overall experience, skill, emotional control, internet connection, etc. Please also read our risk disclosures at the bottom of the site for additional information.