1.What is Forex?
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.
2.Why Forex trading?
Forex trading is attractive because it offers unparalleled freedoms. A Forex trader can live almost anywhere as long as he/she can access 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!
3.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.
4.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.
5.What is a Pip?
A pip is a term used in the currency market to represent the smallest incremental move an exchange rate can make. Depending on context normally one basis point is 0.0001, as is the case of EUR/USD, GBP/USD, USD/CHF. In example if the EUR/USD moves from 1.2561 to 1.2562 it is one pip.
6.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.
7.Which are the pairs traded by the system?
We generate signals for 3 pairs: EUR/USD, GBP/USD and USD/CHF.
8.How long are positions held?
All open trades are closed at 5.00 PM New York time and new signals will be placed on the members area the day after at 5:00 am EDT.
9.When are signals sent and how often?
Our signals are placed on the web site at the members area around 5:00 am New York time during business week. We only issue new signals at this time, no further intra day instructions are necessary since we indicate entry, exit and stop loss in advance.
10.What broker do you recommend to trade your signals?
We have now a promotion: Just register with Axitrader.com,Gainsy.com,Rangeforex.com to get our signals for FREE. Terms and Conditions: 1 months full membership for FREE if you deposit $500 USD; 3 months full membership for FREE if you deposit $10,000 USD; Lifetimemembership for FREE if you deposit $50,000 USD. After that just send us a email and we will activate your account within 24 hours.
11.Are the spreads deducted from the performance?
Yes, they are.
12.How much time does it take to follow your system?
Only minutes per day, check for new signals at 5:00 am EDT and place the orders with your broker. You can place all the orders in advance until the next day.
13.How are the trades generated?
We use a proprietary price/resistance system based on previous day volatility. The system generates high probability entry points for the next day, if the price trades at our entry point level most likely will continue to move in that direction.
14.Is the system mechanical?
Yes, it is 100% mechanical; there is no subjective criteria to follow the trades.
15.With so many web sites offering signals, why Buy EasyLifeForex.com?
There are many forex trading signals provider offering forex signals, but only a few are honest reporting their results. We report the trades as they happen, with no hidden rules or subjective criteria. All instructions are given in advance, providing members full control of their trading. We focus to provide a system with stable results, low drawdowns and consistent performance. Most web sites get one ” big” month to lose it over the next one or two with “bigger” drawdowns. In our opinion that’s not a professional way to trade.
16.Do I need special software or data feeds?
No, we don’t use technical indicators, we give you specific price levels. You can send the orders in advance, no need to check the intraday movement nor complicated indicators to follow.
17.Can I see a past signal example?
Gbp/Usd : 25/01/2017 ( Pending Order )
Buy @ 1.2495 with Stoploss of 1.2385 for the Target of 1.2575 level.
Current Trading Price : 1.2518
18.How do I cancel or change my subscription details?
Simply use the link provided in the signup email.
Forex Managed Account Questions & Answers
Here are useful Forex managed account questions, these are questions asked by our clients, you will find about all you need to know about Easy Life Forex managed forex account service here.To open Forex managed account you can Contact us.
1.How much is your minimum Forex Managed Account?
We suggest you start with Standard Forex Managed Account with a minimum of $100000 but you can also start with our Retail accounts with a minimum of $10000 or our Mini accounts with $1000.
2.What is the difference between Standard Forex Managed Account with a minimum of $100000 and Mini Fx Accounts with $1000?
There is not much difference between them but Conservative account trade with Safe Risk while Mini accounts trade with High Risk so the results are different, on Normal accounts you get lower profit but there is much lower risk on your account so the main amount of your investment is safe but in Mini accounts you get more profit but you choose to put higher risk on your main investment, usually mini accounts is good for those investors that likes to take risk.
3.What types of Forex Managed Account do you have?
We have two types of Conservative Managed Account and Normal Managed Account types.
4.Do you manage my Forex Investments in Easy Life Forex Team account or in separate account?
Each client open his/her account by himself/herself and can withdraw whenever he/she chooses, we just trade, investors have access to their account all the time. However, if they want they can use Easy Life Forex Team account but they will not have free access to that account.
5.How much do you get profit per a month?
Profit varies each month because it depends on the market but on average we get from 1% throw 10% per a month.
6.Do you have any Forex Managed Account Performance?
Past performance is not necessarily indicative of future results.
7.How much profit shares does investors get per month?
Depends to your Forex Managed Account type profit, for more information Contact us .
8.How about losses?
Loss is a part of Forex and this is the risk that investors must accept, because each business has some level of risk in it. But our loss is limited as we trade with safe risk on most Forex Managed Accounts, our experience and professionalism helps to avoid needless risk.
9.What kind of Forex brokers do you trade with?
Easy Life Forex Management Team trade with NFA [National Futures Association] FSA [Financial Services Authority] and FINMA [Swiss Financial Market Supervisory Authority] regulated brokers.
10.I want to open a Forex Managed Account but still i have some questions?
Please feel free to ask your questions from usvia emails below or from Contact us page.
11.Any phone numbers available for the company to support clients?
We don’t support our clients by phone,but we support by email 24/5, Simply Contact US for more information.
12.What is management fee?
We don’t charge management, we get our fee only if we make profit on your account,
13.Can the investor’s withdrawal there money any time they want?
Yes they can, but have to notify us a month ahead.
14.is there any difference or benefit in using a personal account as oppose to using Easy Life Forex team account.
If they invest in our account they don’t have access to account but in a separate account they have access to their account…that’s the only difference between the two accounts.
15.Can investors loss all of their money in one month? Or does the company remove certain amount before investors start trading to serve as base to cushion and avoid total loss of money?
We are professional money managers and the losses are limited to 5%-10%, we don’t have loss as we trade with safe risk strategy.
16.Can I open my account with any brokerage company I want and then give you access to my account to manage it?
Investors can open their accounts by theme selves with any Forex broker they want but its better they open with brokers we advise them to open with.
17.can you expose me to some details on how to open an account and start working, Like Where to transfer money to? How long it takes to withdraw and how long every process takes.
We allow investors open their accounts by themselves with forex brokers of their choice, withdrawal is at the end of each month and it takes 2 or 3 days. It’s better to Contact US when you want to open Forex Managed Account.
18.How can I trust to your company as I don’t know a lot about your company?
Easy Life Forex is an international company with a vision of having clients in every country around the world. Because of this we allow investors to open their accounts by themselves and no one except the investor can withdrawal from his/her account,we also spend a lot of time studying the market trends to enhance and ensure Forex managed accounts make constant to encourage more investors to invest.
19.Why do you say the truth about all questions asked about your company,don’t you think sometimes its better that don’t say everything to your clients and hide some facts?
We want our clients toknow everything about Forex market risks and our company, that is why we list all Forex managed account questions, our strategy isto state all facts for our clients to see. Clients appreciate our veracity and invest with us because of that.
20.I notice you have several types of account each with its own risk level but only one set of performance results. What risk level are the performance results based upon?
Performance results are based on $10 Million and shows the total profit or loss we had on all the accounts for that month or year.
21.What risk level are the performance results based upon?
We trade with safe risk on all account types but on VIP accounts risk level can increase or decrease depending on the investor.
22.How are the funds traded? Is it manual or automated?
It’s manual by professional and international Forex traders.
23.What are the worst case scenarios you have built into your trade plan?
We determined max draw down due to the amount of investment, it is different between 20% – 30% but usually our draw down is very low as we use professional Money Management in our trades.
24.What is your approximate trade success rate?
80-90% , but we emphasise that the percentage will change each month.
25.What is your average risk:reward ratio on closed positions?
Our risk is on 1-2% of investment and reach 2-4% profit.
26.What is the worst trade you have had on a client’s account and what is the best trade?
As we have had a lot of trades on several accounts it’s hard to say but we use money management so we don’t get profit or loss on a single trade.
27.What is the total size of funds that you currently manage?
We sorry we can’t disclose the exact amount of funds we manage because it’s a trade secrete but all you need to know is we are an international company with a large pool of
28.Do you trade your own money using the same methods as your clients?
Yes we do but we don’t need to trade on our investment as we have good amount of investment to trade with, but if we need to trade on our investments we do
29.What proof do you have to back up the performance statistics on your website?
We don’t show our trade history to anyone as we are not allowed to do that but Please note that past Performance is not necessarily an assurance of future results .Otherwise you won’t open your Forex managed account with a regular site or blog , We collect professional traders around the world because we are a responsible company and the future of our company is important to us, we don’t tell our clients that we are extremely in profit but we are make unfathomable profit.
30.Do you trade as a company or a private person?
We trade as a company under Easy Life Forex brand and we have several professional Forex Traders from all around the world.
31.How long do you manage FX Accounts?
We have been trading Forex and stocks from 2001 and created Easy Life Forex team brand in 2008 to provide professional money management services to our clients.
32.Can the minimum account be less than $100K , like $10-20K ?
Yes you can start with our Normal accounts with $10000 or try our Mini accounts with $3000 but we suggest to start your account with Standard type start with $100K , Easy Life Forex Team trade allows limited risk and spend a lot of time on Forex Managed Accounts because we look to future for more cooperation with our clients.we don’t want to trade with high risk and lose or double money in limited time so because we spend a lot of time and trade with safe risk so we suggest you open your account in standard type which start from $100K.
33.Can you give an example of how you make money through your client’sprofit.
Of course, We work on high water mark model, this means we get a share of your profits, and nothing else. So the thump rule is what we need to make profits in your accounts or we dont earn money. So our motive is to make profits.It works this way.. Let’s say you invest 10,000$ in the first month. At the end of the month we have booked a profit of 1000$ in your account. Since the profit sharing in 60:40 ( client : Easy Life Forex ), 400$ would be deducted and transfered to our account and you would be left out with the balance profit of 600$ plus your investment of 10000$. in-case next month we made a loss of 500$. nothing is deducted from your account as there are no profits. Now the mark up for this account stands at 10600$. Only if we increase the equity at any month end above this mark up level we again get a 40% share on the profit made above 10600$. Its so simple, we trade to make profits.The managed accounts may only be run with reputable brokerages that are regulated and financially sound. We have always preferred www.Rangeforex.com, www.Axitrader.com, www.Gainsy.com and www.Hotforex.com to be the best of them. Its because of their favorable conditions for you in terms of security of funds, regulations, spreads, customer support and secondly suits best to our traders on technical conditions such as tight spreads, fast execution facilities etc.
Now you know all Forex Managed Account Questions so you can Contact Us to open your account.