Forex

1. What is forex?
   

   Forex is the accepted abbreviation for foreign exchange.  Another acceptable abbreviation is FX.

2. Is there a risk in the forex market?
   

   Yes, the forex market has risks, and the reason is the use of leveraging in addition to the high volatility of the forex market compared to other markets.

3. What’s the difference between the forex market and the stock market?

   There are several differences between the two markets, among them:

   1. Forex brokers usually offer a 200:1 ratio leverage, an exceptionally higher ratio than the 2:1 offered by brokers at the stock market.
   2. Forex market characteristics, which usually stem from the vast scope of trading in the market, prevent traders from affecting the price shift.
   3. Unlike equities, which are traded only when the stock market is active, currency is defined as an OTC (over the counter) product, traded electronically simultaneously in a large number of centers all over the world.
   4. Unlike the stock market and other markets, the forex market is open at all times and everywhere around the world from Monday to Friday.
   5. Forex is the largest market in the world, its commerce volume is estimated at $4 trillion per day.
   
    
4. Who can take part in the forex market and trade?

   Anyone who can risk his money and knows there’s a chance he might lose it.

 About forexvisor

1. Who are we?

   ForexVisor specializes in the forex market and through the website provides its clients with free services and other relatively low cost services, among them:

   1. Daily trade signals
   2. AutoTrade which relies on ForexVisor experts’ signals and suggestions
   3. Portfolio management
   4. Forex forum
   5. Forex blogs
       
2. Where is the company located

   In Jerusalem.

   
    
3. What are the services provided by ForexVisor to its clients?

   The website provides the following services:

   1. Trading signals for about 25 different currency pairs per day
   2. An automatic trading system

    

4. What methods do ForexVisor’s experts rely on in their recommendations?

   ForexVisor’s experts rely on market technical analysis, an understanding of currency history, and an analysis of the historical graphs of a specific currency.

Trading Signals

1. For which currencies can we get signals?

   ForexVisor provides the forex investors with trading signals in one of three ways: the silver package, the gold package, and the diamond package.

   Each package includes trading recommendations for different currency pairs:

   • Silver package: this package offers trading signals and recommendations for the major currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, and USD/AUD.
   • Gold package: this package offers trading signals and recommendations for the major and cross currency pairs: EUR/GBP, EUR/JPY, EUR/CAD, EUR/AUD, EUR/CHF, GBP/JPY, GBP/AUD, GBP/CAD, CHF/JPY, CHF/AUD, CAD/JPY.
   • Diamond package:in addition to the signals and recommendations for the major and cross currency pairs this package also provides trading recommendations for minor currency pairs and oil, gold, and silver.  The minor pairs included in this package are: USD/NOK, USD/SEK, USD/ZAR, USD/PLN, USD/CZK.
   
    
2. Is there a trial period?

   No, ForexVisor provides its clients with all the tools required to become familiar with the different services without the need for a trial period.  In the website there is a free recommendation which changes every few minutes.

   
    
3. How can I receive the recommendations and signals for free?

   ForexVisor offers this service to every investor who opens an account through the website in one of the brokers companies it is affiliated with.  The investor will also be asked to deposit at least $500 into this account.

   
    
4. Can I participate in trading signals for only one currency pair?

   No, participating the signals service is done through the offered packages.  There are exceptions where ForexVisor allows the client to add a few more pairs to the package for free.

   
    
5. What is the structure of the signals and trade recommendations?

   The signals are made up of three parts:

   • First part: includes the market data and the selling and buying rate at any given moment.
   • Second part: includes recommendation data, the name of the currency pair, the market entry rate, profit goals, and the loss limit.
   • Third part: includes the recommendation status compared to the market at any moment (pending status, trading status, or closing the deal with profit/loss), in graphs and by colors.
   
    
6. In case of cancellation or changes in recommendation data, do you inform the clients?

   Of course.  ForexVisor makes sure to inform its clients with any news regarding the recommendations and trading signals it provides.

   
    
7. How do those subscribed to the service receive the recommendations?

   The trading signals are sent to clients through email and SMS text messages.  The email messages are sent directly at the moment the recommendation is made.  The text message is sent when the market is close to the deal entry rate.

   
    
8. How can I join the trading signals and recommendations service?

   You can join ForexVisor’s signals service through the website.  You need to register, choose the package that suits you, and activate your account.  The account is activated the moment the client pays for the service he picked, or when he participates in one of the special offers.

   
    
9. How do I pay for the signals service?

   You can pay via:

   • Credit card
   • Bank transfer
   • Western Union

   For further details please see Joining the service.

   
    
10. What is the success rate of the trading recommendations provided by ForexVisor?

    Our company provide a good signals with a good measured results that range between 65% to70%. Please note, there are pairs that thier avarage less than that and even in some case could be negative.

    There is no garantee that past results indecate future results.
    

 

 

11. What is the average sum of profit points the recommendations accumulate in a month?

    There is no need to be evasive our unique results talks, the profit depends on the pairs you choose to trade with,for example on the major currencies our esults ranging between 300 to 500 pips per month, in the other hand if you decide to trade with the cross currencies  the results will be deferrent, in some case could be negative.
    

    There is no garantee that past results indecate future results.
     
12. What is the number of recommendations published per day?

    Each day our experts supply recommendations and signals, and their number depends on the package:

    • Silver package: 4-8 recommendations a day.
    • Gold package: 10-18 recommendations a day.
    • Diamond package: 20-25 recommendations a day.

    (these numbers are not binding)

    
     
13. Which status does each color represent?

    One of the major features of ForexVisor is tracking the recommendations and deals at any given moment.  The colors represent the status of the recommendation:

    • Blinking Blue: the recommendation is pending, the market has not reached the entering currency.
    • Blinking yellow: the recommendation is trading, the market has reached the entering rate and the deal has started.
    • Blinking green: the deal is still trading and it is making profit.
    • Green: the deal has closed with profits.
    • Red: the deal has closed with losses.

Auto Trade

1. What is AutoTrade?

   AutoTrade is a mechanism that helps to automatically realize and execute the orders that are based on the recommendations of the ForexVisor experts.  The investor defines the deal’s strategies based on ForexVisor’s signals, and the system executes the orders the minute the market gets to the set rates.

   
    
2. Does the company get commission for this service?

   No, there is no commission for this service.

   
    
3. What is the minimal amount I need to deposit in my account in order to use AutoTrade?

   The minimal amount is $500.

   
    
4. Which brokers companies support AutoTrade?

   Currently AvaFX is the only company that supports AutoTrade, but more companies will be joining soon.

   
    
5. What is semi automatic trade?

   Semi automatic trade is a mechanism which enables the client to choose some of ForexVisor’s recommendations or alternately choose his own strategies, in other words, define the instructions according to which he wants to make the deal, and the minute the market reaches the defined rates, the deal is executed automatically.

   
    
6. How can I join AutotTrade?

   You join AutoTrade from the ForexVisor website. The first step is to open an account in one of the brokers companies through the website, deposit the requested sum into the account, and add the account to AutoTrade through “My Accounts” in AutoTrade.

   
    
7. What are strategies?

   A strategy includes the trading orders according to which the investor wants to execute his deal.  The strategy is based on ForexVisor’s recommendations so that the investor defines the following:

   • The currency pair he would like to trade
   • The rating of the desired recommendation (number of stars)
   • The percentage of the money at risk of the total portfolio
   • The desired profit goal
   
    
8. How can I deposit money into the account?

   The methods of deposit change from company to company.  Most companies accept credit cards and bank transfers.  For further details please see brokers.

 Portfolio management

1. What is portfolio management?

   The portfolio management service provides the client with a possibility to make profit without building a strategy or even tracking the market changes.  ForexVisor’s experts invest and manage the portfolio for you by realizing all of the recommendations and signals directly into your account.

   
    
2. Does the company get commission for this service?

   The commission for the portfolio management service varies between 20%-35% of the total profit, and it depends on the initial deposit sum.

   Over $50000	$5000-$50000	$2000-$5000	Initial deposit
   20%	25%	35%	Commission

   
    
3. How can I join the portfolio management service?

   You join the portfolio management service through the ForexVisor website.  Initially you need to open an account in one of the brokers companies through the website, deposit the required sum of money into the account and add the account to portfolio management through “My Accounts” in AutoTrade.

4. What is the minimal sum of money I need to deposit in order join the portfolio management service?

   The minimal amount is $2000.

Brokers

1. Which brokers companies are supported by ForexVisor and what is the authorization received by each one of them?

   The brokers companies supported by ForexVisor:

   AvaFX, Forex.com, Easy Forex, FXcbs

   • AvaFX has FSC authorization
   • easy forex has ASIC, CYSEC, and NFA authorization
   • Forex.com has NFA and CFTC authorization
   
    
2. Can we start with a demo account?

   Yes, most brokers companies allow starting with a demo account.

   
    
3. Do you recommend trying out a demo account?

   We do not recommend using a demo account.  The reason is that each investor’s psychology affects his decisions so that in a real account the considerations would be different than in the demo account, and so the trading would be different as well.  That is why we recommend to start with a real account and small sums of money.

   
    
4. What is the spread given by each brokers company?

   The most common spread at each one of the brokers companies:

   • AvaFX: between 3-5
   • Forex.com: between 2-3 for the major currencies
   • easy forex: changes according to the currency pairs, can reach 3-7
   • FXcbs: between 2-3
   
    
5. Is there any security for the funds deposited with the brokers companies?

   The brokers companies do not provide securities for deposits of small sums of money, but if the portfolio deposit is high (over $25000) then some of the companies will provide securities.

6. What commissions do the companies get from the investor?

   There are two types of commissions: spread and rollover.

   
    
7. Comparison between the brokers companies:

   Commission	Autotrade support	Trading software	Minimal deposit	Spread	Company name
   No	Soon	Meta Trader 4.0	$100	2-3	FXCbs
   Depends	Soon		$100	VIP 3	easy forex
   Depends	Yes	The company’s unique software	$100	3	AvaFX
   Yes	Soon	Meta Trader 4.0	$100	2-3	Forex.com

 Accounts

1. How can I withdraw my money?

   The investor can withdraw his money by filling a funds withdrawal form.  The form changes from company to company and some of the companies have an automatic withdrawal mechanism through a funds withdrawal command at the trading platform.

   
    
2. What is the minimal amount I need to deposit in order to open an account?

   The minimal amount is $100.

   
    
3. How can I open an account?

   At the brokers companies page you can find a complete explanation about opening an account with each of the companies.

   
    
4. What are the documents needed to open an account?

   Documents needed to open an account:

   • A photocopy of an ID or passport.
   • A photocopy of an invoice which includes the name and address of the account owner.
   • If the deposit is made through a credit card, a photocopy of both sides of the card.