Frequently Asked Questions
Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. It is one of the most actively traded markets in the world, with an average daily trading volume of $5 trillion.
Forex can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
There are a variety of different ways that you can trade forex, but they all work the same way: by simultaneously buying one currency while selling another. Traditionally, a lot of forex transactions have been made via a forex broker, but with the rise of online trading you can take advantage of forex price movements using derivatives like CFD trading.
CFDs are leveraged products, which enable you to open a position for a just a fraction of the full value of the trade. Unlike non-leveraged products, you don’t take ownership of the asset, but take a position on whether you think the market will rise or fall in value.
Although leveraged products can magnify your profits, they can also magnify losses if the market moves against you.
A forex trading robot is a colloquial term for algorithmic trading based on a set of forex market signals that helps determine whether to buy or sell a currency pair at a given point in time. These systems are often fully automated and integrate with online forex brokers or exchange platforms.
No, we do not recommend mixing algofxtrading strategies with others. the bot automatically close trades outside their system
Robots allow the automation of analytical and trading processes.They can open and close trades based on certain criteria or calculations that it has been programmed to do.They are capable of opening and closing orders much faster and much more efficiently than a human ever possibly could, and they can do this 24 hours a day.Robots never sleep, never get tired and don’t have human emotions, which makes for an ideal trading tool. A human will simply NEVER trade better than a robot!
The robot (strategy) needs €1000/$1500 minimum to calculate the margin per trade.
You can check Transparency of Algo performance which are connected with live real accounts with their statements and 24×7 live running account telegram . Our robot’s strategies are first applied to our own funds and automatically reflected in your portfolios.
Yes, you can cancel your subcription anytime.
Trading should be looked as a long term investment. Past performance does not guarentee future results.
In any investment program, there is a certain degree of risk. However, there are several simple ways to help you to reduce the risk level. Algofxtrading has been tested for 48 months prior to release to make sure that the technology works and is free of bugs. This, however, does not constitute absence of risk. There might be cases of force majeure which may result in halting of the service or loss of all funds.
Each investment can have a different broker and is therefore subject to different withdrawal rules. In general, your capital can be withdrawn at any time from your broker access. If you are unable to withdraw your capital from a broker, please contact us.