What is LondonFX Signals?
LondonFX is a service that provides users with indications as to when it is a good time to buy or sell on the foreign exchange market.
How do LondonFX Signals work?
LondonFX provides users with signals that recommend the timing of currency trades. The signals are identified by a sophisticated set of computer algorithms. The user can simply follow the instructions to buy or sell a particular currency pair using a forex platform.
How often are the Signals generated?
LondonFX Signals are sent out during the London and USA sessions.
What does it cost to use LondonFX Signals?
Packages and prices can be found here.
How much money do I need to use LondonFX Signals successfully?
It depends on the amount of leverage made available to you by your Forex broker as well as the minimum trading amount. Some brokerages will allow you to use a high level of leverage (up to 400:1) so for every $1 that you invest you will be exposed to market movements as if you were trading with $400. What’s more, some brokerages will allow you to start trading with as little as $1. Yes one dollar.
How does LondonFX compare to other signal systems?
LondonFX is a fully automated signaling service – it does not require you to do any of the market analysis manually. Many so-called systems simply suggest methods that you can use to time forex transactions without signaling specific trades.
Can I use LondonFX Signals anywhere in the world?
Yes, all that is required is a computer with an internet connection.
What happens when I purchase LondonFX Signals?
After you make a purchase you will be taken to a page in which you will find a link to our Telegram channel. Make sure that you have Telegram App installed on your mobile phone before clicking on that link. Once you click on that link you will automatically be added to the LondonFX Telegram channel.
Do I need a special skills to use LondonFX Signals?
No. LondonFX Signals only requires basic computer skills and a sound understanding of the English language.
Which currencies do you provide signals for?
LondonFX provides daily signals for 18 currency pairs, as outlined here: AUD/USD, AUD/JPY, CHF/JPY, EUR/CHF, EUR/CAD, EUR/JPY, EUR/AUD, EUR/USD, EUR/GBP, GBP/CHF, GBP/USD, GBP/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY, XAG/USD, XAU/USD
What if I cannot execute a trade recommended by the signals?
It is important to be available to execute the signaled trades. If a trade cannot be executed, it is recommended that the user does not execute the trade at a later time. It is better to miss a trade than to make a trade at the wrong time.
Am I able to close a trade if I am making a profit?
While the user can close a trade at any time, it is recommended that they trade at the closing time indicated by the signal. Closing a position early might lead the user to miss out on greater profit opportunities that occur after the position has been closed.
How are the signals generated?
Our team has spent years developing sophisticated financial models and advanced computer software that analyze market movements to determine the best time to buy or sells currency pairs. The software is focused on predicting pivot points for select currency pairs.
What is forex?
The foreign exchange market is a 24/5 global marketplace where participants buy and sell the world’s currencies. Many currencies trade on the open market where prices are determined according to the price at which market participants are willing to buy or sell a particular currency in exchange for another. Forex is the largest and most liquid market in the world. While there is no single physical location, the majority of trading activity takes place in London.
How do people make money trading forex?
As in other market environments, if a market participant buys an asset at a price lower than the price that the participant is able to sell the asset for a some point in the future, the individual is able to realize a profit on that trade. For example, if earlier today you purchased some Japanese Yen in exchange for US Dollars, and the value of US Dollars had since decreased relative to the Yen, you would be able to buy back more US Dollars than you started with (i.e. you would generate a profit in US Dollar terms). Market participants make money by buying and selling the right currency pairs at the right time.
How does forex trading work?
A forex trade takes place when a market participant buys one currency in exchange for another (e.g. buy Japanese Yen in exchange for US Dollars). All trades are executed through a forex broker or dealer.
What is a PIP?
Pip stands for ‘percentage in point’ and refers to the smallest price increment available to forex traders. For example, if the USD/AUD bid price increases from 1.2000 to 1.2010, the pair is said to have increased by 10 pips. Note: All currencies except for the Japanese Yen are quoted to four decimal places. The Japanese Yen is quoted to two decimal places.
What is leverage?
Leverage allows traders to invest with borrowed money to amplify their trading performance. When using leverage a trader is able to enter into much larger contracts than their underlying deposit would normally allow. If a broker offered leverage of 200:1, the trader would be able to buy or sell $20,000 worth of currencies with a margin deposit of $100.
What are stop-loss orders for?
Stop-loss orders allow traders to set limits where the position will be automatically liquidated. They are a useful way to reduce risk if the market moves in an unfavorable direction.