Monday, March 22, 2010

Forex Automoney FAQ

Forex Automoney Support for MembersPlease read the questions below and click on them to see the answer.
Top of Form
Starting

How should I start?
First, please read the Manual in the Members Area. Everything should be clear then. Especially please read the "Using Signals" Chapter. After entering the Members Area please click the "Manual" tab in the upper menu. Make also sure, you studied Ste-by-Step Video Tutorial posted there.
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I would like to start! What should I do with signals?
First, please read the Manual in the Members Area. Everything should be clear then. Especially please read the "Using Signals" Chapter. After entering the Members Area please click the "Manual" tab in the upper menu. Make also sure, you studied Ste-by-Step Video Tutorial posted there.
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Forex Account

I don't have a Forex account. What should I do?
After entering Members Area please click "Manual" tab in the upper menu. There is a chapter named "Forex brokers" and we list 57 recommended platforms there. Please choose the one that fit your needs. Which one? The one that supports your country, supports your account funding methods and has low spreads. Everything is described in the Manual.
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How can I set up Demo Account?
For example, please go to LiteForex broker, scroll down the page and click the green link saying "Get started on the Forex market with a Demo Account". Then follow up the instructions.
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I tried to set up Forex account but I can't. Can you help me?
For example, please go to LiteForex broker, scroll down the page and click the green link saying "Get started on the Forex market with a Demo Account". Then follow up the instructions.
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Signals Timing & Time Zone

Can I adjust the times when the signals are generated?
Yes, you can set the times by yourself. Using the Account Settings tab in the Members Area you can set your time zone and the times when you want your signals to be generated - it's very flexible.
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According to which time zone are the signals displayed?
According to yours. You can set your time zone and hours when signals are generated in the Account Settings tab. Then, they are the hours of your time zone.
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What is my time zone?
You can check it here.
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I set the correct time zone and I'm not getting signals on time!
Check those two reasons:
Your time zone is "almost" correct, because of the Dayling Saving Time in your country. For example in United Kingdom it's GMT+0 in Winter, but GMT+1 in Summer. Remember - if your country has a Dayling Saving Time, you should shift the time zone by one hour.You can check your actual time zone here
The other reason is, that your watch shows a slightly different time than our server sees. For example you can see 22:01 on your watch and you are still waiting for your signals becasue they should have been generated on 22:00! But in fact, server indicates 21:58, so you should wait another 2 minutes.How to check it?When you are expecting signals to be generated, please look at the sentence placed above the signals. It says something like:"Your current time according to the time zone settings: ........."so check this time. It may show several minutes back, so just reload the page after those several minutes and see if signals changed.You can also use this feature to check if you set the correct time zone. It should show your local time (with possible several minutes shift as described above). If you see, that it shows one hour before or later - please change your time zone.

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Signals and Strategies

Why signals generated for the same currecy pair, at the same time but with different strategies vary?
Signals are not the same, because predictions are calculated with different time frames.Let's say:8:00AM - Intraday EUR/USD - buy8:00AM - Daily EUR/USD - sell8:00AM - Weekly EUR/USD - buyThat means, that the system expects that within the next 6 hours (Intraday) EUR/USD will grow up, but within the 24 hours (daily) will fall down, and within a week it will grow up.
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Are all the trades winning ones?
Not 100% of signals are winning ones - it's a long term strategy, not "every time I win" magic box.Please read "Using signals - Basics" chapter in the manual. You will know then, what is a "strategy". Sometimes you lose, sometimes you win - the point is, that your winnings should be statistically higher than loses.
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When should I enter trades? There are no entry prices.
First, please read the Manual in the Members Area. Everything should be clear then. Especially please read the "Using Signals" Chapter. You should enter prices exactly on (or just about) the time when the signal is genereated. You should enter the trade with the current market price. Even if it takes some time to enter the trade (usually a few seconds) - it does not matter. Even if the price will change by two or five pips.
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What are the the Real Time Quotes on the right?
They are current rates for supported currency pairs. It's only an information. THEY ARE NOT BUY/SELL SIGNALS.

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