What is Forex?
The system of global trading in foreign currency is known as the Foreign Exchange Market, Forex, FX, or just 4X. This cash market is made by large banks. Investopedia Says: There is no central marketplace for currency exchange, rather, trade is conducted over-the-counter. The forex market is open 24 hours a day, five days a week, with currencies being traded worldwide among the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - spanning most time zones.
Why trade Forex?
Some of the advantages of Forex are:
• High Liquidity - over $1.5 trillion per day it is the most liquid market in the world. You don't have to worry about position sizes or too many people jumping into the trades at the same levels.
• High Leverage - Forex traders can leverage their capital more efficiently with as high as 400-to-1 leverage. We usually suggest to start with low leverage levels until you are confident in the system.
• No shorting restrictions - You can profit in up and down markets.
Which are the pairs traded by ParadiseForexSystem.com?
We trade 4 currency pairs: EUR/USD, GBP/USD, USD/JPY and GBP/JPY.
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.
What is the logic of the system?
We follow proprietary algorithm based on technical analysis instruments and price volatility. We take advantage of different pairs volatility using objective and defined entries, exit and stop losses.
Do you offer Autotrading?
Yes, we offer autotrading with StrategyRunner. You can signup for autotrading here.
At what time the signals are released to the subscribers?
System trading activity has a main window of five hours for entering trades. Potential trading activity goes from 6:00 am EDT and every 60 minutes until 10:00 am EDT.
Any broker you recommend?
We don't have affiliations with any broker, we suggest to look at the majors brokers. Funds safety and reliable executions are priorities when choosing a Forex broker. Some of the best brokers are Oanda.com, Forex.com, FXDD.com, TradeStation.com.
Do you run other services?
Yes, we also run GoldenForexSystem.com, which is a great system to complement the results of ParadiseForexSystem.
Do I need a charting service?
No you don’t need any charting tools. We provide everything that you need through the emails and or on the web site. You can track the trades through free charting services that most Forex brokers offer.
Do I need TradeStation to trade your signals?
No, you dont. We use tradestation to generate the signals daily in order to maximize objectivity
How long do you hold trades?
Trade duration varies from minutes to hours. All positions are closed at 4:00 pm EDT. No management is needed during trade development.
How much money do I need to start trading?
Depends on the Broker you decide to open your account with. Usually, an account can be opened with as little as $100-$300. You can start trading one pair with mini size until your account growths in value, and keep adding more pairs.
Do you offer a free trial?
Our service does not offer free trial. We feel we are offering a very reliable Trading System that has proven to have a very nice reward. Our system makes the price you pay an interesting investment other than an expense.
