With so many forex signal services, why us?
There are hundreds of forex signal services created every year, most of them doesn't survive too long. Reason is that they dont have a real system behind, with solid back tested variables. Another reason is to post impossible fill entry and exit prices, that why the record looks great, but is impossible to achieve in a real trading account.
What we offer is an unique system, with honest reporting prices and a complete trading plan in advance. You can start to trade one pair, Gbp/Usd and add the others as the account growths in value. Adding more pairs offer diversification and more stable results.
Any past signal examples?
Yes, you can see long and short trade examples here.
Brokerage Forex accounts
You have 3 options:
1. Mini account: Choose a mini account if you are new to the forex market. The leverage is often higher than standard account and you trade mini contracts. You can open this accounts with as little as $250.
2. Standard accounts: Standard accounts are for experienced investors. The deposit is higher than Mini accounts but the leverage is lower. You trade the full contracts in this account. You can open this accounts with $2500 or more.
3. Demo account: the easiest way to try your hand at trading forex is to open a simulated account. When you open a simulated /demo forex trading account, you get $25,000 or $100,000 of virtual money to trade with. The platform receives live quotes and your simulated trades use the same bid/ask spreads that real traders do.
Which are the main differences between Forex-SuperTrend.com and Gbp-Master-Forex.com?
Gbp-Master-Forex.com is daytrading type system. Positions are opened and closed during the same day. It has reduced market exposure sending alerts once a day every day. It takes trades long positions only.
Forex-SuperTrend.com, on the other hand, is a swing trading style. It opens and closes positions which are held for 3 to 6 days trading long and short positions. Both systems have high compatibility and are highly complementary.
Brokerage suggested
We are not affiliated with any broker, nor receive commissions for referring people or executing trades. We suggest to open accounts at major brokers registered with the NFA. Beware of offshore brokers offering high leverage accounts with low minimums. Examples of major brokers include FXDD, GFT, CMS Forex, Interbank FX, Oanda, etc.
Commissions, leverage and spreads
Brokers charge no commissions for forex trading. Brokers make their cut with the spreads, when you buy at the ask and sell at the bid. The spread is usually from 2 to 6 pips depending on the pair and broker. That's an important thing when deciding which broker to open the account with. The leverage can be as high as 200:1, meaning that a trader needs to put down only $0.5 of margin to control $100 of the currency. Remember leverage can be a double edge sword, so use it with caution.
More questions?
Email Us at support@gbp-master-forex.com
The buy/sell LIMIT order:
A limit order is an order placed to buy or sell at a certain price. The order essentially contains two variables, price and duration. The trader specifies the price at which he wishes to buy/sell a certain currency pair and also specifies the duration that the order should remain active. For our system you should always select DAY as the duration, since orders are valid for 1 day.
The STOP order:
A stop order is also an order placed to buy or sell at a certain price. The order contains the same two variables, price and duration. The main difference between a limit order and a stop order is that stop orders are usually used to limit loss potential on a transaction whilst limit orders are used to enter the market, add to a pre-existing position and profit taking.
The OCO order:
An OCO (order cancels other) order is a mixture of 2 limit and/or stop orders. 2 orders with price and duration variables are placed above and below the current price. When one of the orders is executed the other order is cancelled. To illustrate how an OCO order works let's take the following example: The price of EUR/USD is 0.9340. Trader x wants to either buy 1 contract at 0.9395 over the resistance level in anticipation of a breakout or initiate a selling position if the price falls to 0.9300. The understanding is that if 0.9395 is reached, he will buy 1 contract and the 0.9300 order will be automatically cancelled.
The STOP ENTRY order:
An order to buy above the market or sell below the market at a specified level, believing that the price will continue in the same direction.
For example, If you have $1,000 in a margin account that has a leverage ratio of 1:100, it means you can potentially buy foreign currencies worth up to $100,000, because you place the $1,000 just as a deposit for the leveraged currency. If you have a 1:200 margin, means you need only $500 to buy $100,000.
The first priority when choosing a Forex broker is safety of funds. Always choose brokers which are registered with the NFA. While this doesn't guarantee your funds is an additional security.
Other factors to consider are leverage offered, interest paid, type of orders offered, etc.
You can start with major brokers like Oanda, FXDD, CMSForex, GFT, etc.