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 BasicWhat is ForexOnlineSignals.com (FXOS)? What is a buy action? What is a sell action? What is a standby action? What is an entry level? What is a take profit? What is a stop loss? What is a close level? Forex Trading SignalsWhat is a signal? What should I expect from ForexOnlineSignals.com? What information can I find in a signal? What kind of action signal will I receive? How do I change (modify) my signals? Is spread included in signals? How many currencies can I have in one signal? How often will I receive my signals? What time are signals sent? Which currencies can I receive signals for? TradingHow should I input my signal into my trading platform? Do you hold open positions over the weekend? Which broker do you use? What is spread? What is a Bid price? What is an Ask price? PricesHow much does one currency signal cost? How do I add credits? Why is there a setup fee? What does one time set-up fee cover? Does one time set-up fee includes any credit? Will I have to pay a setup fee even if I'm and existing customer? What payment methods do you accept? When can expect to begin receiving forex trade signals? What is Credit? What is the minimum deposit? What is Free Credit? OtherWhat is the basis of your trading signal system? What are the risks involved with trading in the FOREX Market? What is Free Credit on LOSS signals? Trading TermsNet Position - The amount of currency bought or sold which have not yet been offset by opposite transactions. Non deliverable swap - NDS - Similar to a non deliverable forward, the only difference being that settlement for both parties is done through a major currency. Non Deliverable Forward - NDF - A cash-settled, short-term forward contract on a thinly traded or non-convertible foreign currency, where the profit or loss at the time at the settlement date is calculated by taking the difference between the agreed upon exchange rate and the spot rate at the time of settlement, for an agreed upon notional amount of funds. Nonconvertible Currency - Any currency that is used primarily for domestic transactions and is not openly traded on a forex market, usually due to government restrictions on the currency which prevent it from being exchanged for foreign currencies. Also known as a "blocked currency". Nostro Account - An account that a bank holds with a foreign bank. |
What is ForexOnlineSignals.com (FXOS)?ForexOnlineSignals.com is an easy to use, fully manageable FOREX signal system. It delivers FOREX signals to your email and text enabled device. What is a buy action?A buy action is a signal to buy a currency pair. You will usually receive three numbers with this action. They are as follows: @ = Entry Level | TARGET = take a profit | STOP = stop loss. This action usually occurs when the market is bullish (moving up). What is a sell action?A sell action is a signal to sell a currency pair. You will usually receive three numbers with this action. They are as follows: @ = Entry Level | TARGET = take a profit | STOP = stop loss. This action usually occurs when the market is bearish (moving down). What is a standby action?A standby action is a signal to hold and not take any action at this time for a selected currency pair. This action usually occurs when market is not in position to execute a successful trade (statutory holiday, market is not moving, etc.). What is an entry level?An entry level is a currency value where the trader (you) should enter the market. What is a take profit?A take a profit is a currency value where the trader (you) should exit the market with a profit. What is a stop loss?A stop loss is a currency value where the trader (you) should exit the market with a loss. It is advised to enter stop loss at all times to prevent significant losses. What is a close level?A close level is a currency value where the trader (you) should exit the previous trade. What is a signal?A signal consists of an email and SMS (Short Message System) message sent to you via our signal system. The signal contains information chosen by you through our member's area. What should I expect from ForexOnlineSignals.com?You should expect easy trading with no emotions involved. Just follow the signals and make money! What information can I find in a signal?An action signal contains the following information: currency pair, action, entry level (@), take a profit (TARGET) and stop loss (STOP). What kind of action signal will I receive?There are three actions that can be included in a signal email. A buy action, a sell action or a standby action. How do I change (modify) my signals?Upon purchasing our Standard or Pro package you will be able to edit what signals you will receive by entering your Member's Area and modifying the Days and Currency Pairs you wish to receive in your signals. Simply add or remove the signals you wish to receive. Is spread included in signals?No. Each trading company (platform provider) offers different spreads for different currency pairs. So it is almost impossible to incorporate spreads into our signals. How many currencies can I have in one signal?You can have all of the six major currencies in each signal. Please visit your Members Area to modify which currencies you'd like to trade and when you would like to receive them.(applies for Standard and Pro packages only) How often will I receive my signals?At this time you will receive one forex signal for each selected day. What time are signals sent?The signals are sent depending on market conditions. Which currencies can I receive signals for?EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD How should I input my signal into my trading platform?Most of the signals are meant to be executed within an hour of when the signal was sent. After receiving the signal please enter it as a limit order (future order). In case the market has already reached the entry level please check if it would be profitable for you to execute the trade (do not forget the spread offered by your platform provider). Do you hold open positions over the weekend?No. Our last closing signal is sent on Friday at approximately 19:00[GMT]. Which broker do you use?FXOS does not use a broker. FXOS uses a streaming forex data provided by IntelliChart What is spread?The spread is the difference between Bid and Ask price. Spread price is dependant on a brokerage company. What is a Bid price?Bid price is a selling price (official price shown on charts and in quotes). What is an Ask price?The Ask price is a buying price (never shown on charts, it is always higher than bid price by a spread). How much does one currency signal cost?Each deposit is converted into FXOS Credit. 1 FXOS Credit = 0.5 USD
How do I add credits?Please login into your member's area and visit the section Credits. Follow the instructions on the screen to add credit into your account. Why is there a setup fee?The setup fee is charged to help cover the costs associated with the ongoing operation, maintenance and upgrading of our FOREX signal system. What does one time set-up fee cover?One time set-up fee will grant you access to our system only. Does one time set-up fee includes any credit?No one time set-up does not include any credits. Will I have to pay a setup fee even if I'm and existing customer?No. The setup fee charged only once when you sign for the new account. What payment methods do you accept?We prefers to accept credit cards. To use other payment method please contact us. When can expect to begin receiving forex trade signals?After purchasing a package, please login into your member's area and modify your forex signals in the Schedule and Currency Pairs section. After modifying these you will receive the next forex signal during the following morning or noon of the days you chose to receive forex signals on. What is Credit?After purchasing a package your deposit is converted into Credits (1 Credit = $0.5 USD). Does one time set-up fee includes any credit?No one time set-up does not include any credits. What is the minimum deposit?The minimum deposit is 100USD which will give you 200 credits plus free credit if applicable. What is the basis of your trading signal system?We use a proven system of analyzing the FOREX market. It is a combination of trend analysis, pattern recognition, indicators, retracements, projections and major fundamental indicators. What is Free Credit on LOSS signals?When signal sent ends in LOSS we will deposit your account with equivalent value of Free Credit. Example: EUR/USD signal cost 2 Credits. The signal sent will end in LOSS your account will be credited 2 Free Credits What are the risks involved with trading in the FOREX Market?Trading on FOREX market (spot currencies) involves substantial risk as there is always the potential for loss of capital. Your trading results may vary. Because the risk factor is high in the FOREX market we advise you to trade only funds which you can afford to lose. Please read our terms of service. |
FAQ
Frequently Asked Questions
EUR/USD