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Frequently Asked Questions (FAQ)

In this Frequently Asked Questions (FAQ) page, we will try to answer the most basic inquiries we receive at FXLORDS. If your question is not answered in this page, please contact us on [email protected] or using the form below and we will get back to you in 24 hours at the most.

1. Can I advertise with you?

1. Can I advertise with you?

Of course you can! The company which will advertise should be a regulated Forex broker, a solid brand and possesses a good reputation. FXLORDS advertisements are banner based only on FXLORDS website, Forex trading signals and newsletters at the moment. We’re open to all kinds of brokers, relationships and offers as well.

2. Can I link to your website?

2. Can I link to your website?

You can definitely link to our website! You just copy and paste the link.

3. Can I translate the Technical Indicators section for you?

3. Can I translate the Technical Indicators section for you?

We already translated FXLORDS content to Russian an Arabic because we understand that English isn’t the primary language for most parts world. If you interested in translating FXLORDS website to Spanish or Hebrew please contact us at [email protected]. We’re planing to add new languages in 2015.

4. Can I advertise my non-Forex product with you?

4. Can I advertise my non-Forex product with you?

This can be feasible if your advertisement represent a respectable, clear, descent and beneficial product to the public. You can contact us at [email protected] or use form available below.

5. Can I copy your stuff?

5. Can I copy your stuff?

Unfortunately, we do not allow copying and/or redistributing our content. This would be like handing out our business to you, which we will not tolerate. You can always link though.

6. Can I get added to your Preferred Brokers listing?

6. Can I get added to your Preferred Brokers listing?

Send us an email to [email protected] including the broker’s name and website and we’ll get back to you. You can also use the form available below.

7. Can you review my product/service on www.fxlords.com?

7. Can you review my product/service on www.fxlords.com?

We don’t write product/service reviews from a promotional perspective on our website. However, you might be interested in our sister-website www.tujjarfx.com. There, you can submit your company and product info for a review by a team of Forex traders and industry experts. That of course would require someone to have actually used your website and software, or will be assigned to do that, so it’s not a total solution if your services are not ready, non-operative or brand new. But it’s a place where you can shout out your name and get a response and your product name out there, and it’s completely free.

8. Would you like to exchange links?

8. Would you like to exchange links?

We have to respectfully say no thank you. We don’t participate in link exchanges.

9. Do you represent a broker?

9. Do you represent a broker?

No, we do not. We are purely an online educational resource.

10. Can I start a subject on FXLORDS' forum?

10. Can I start a subject on FXLORDS' forum?

We have our own team of writers dedicated to updating the website’s pages since they are not open for changes by the public nor we have a forum for the public to post on. However, each article has its’ comments section just below the article itself that you can use and post your comments.

We also have the FXLORDS Forex Club, a section where traders can brag about their traders, setups, expert advisers, or even pictures for their trading station. If you are still interested in sharing something else which is of value in your opinion, please contact [email protected] or use the form available below, and if we have a spot opens up, we’ll definitely contact you.

11. Do you offer mobile/email updates for your website?

11. Do you offer mobile/email updates for your website?

We just started developing and designing our own FXLORDS Mobile Application on smart phones. Platforms we considered for the application are iPhone, Blackberry and Android. Unfortunately this process is expected to take some time, so we expect it to be fully developed and optimize at the end of 2015. However, we do offer direct SMS (i.e., text messages), to your mobile devise. They are a paid Forex Trading Signals service offered by FXLORDS. You can visit the page http://www.fxlords.com/forex-trading-signals/ to know more about this service.

You can also get our Free Forex Trading Signals, market updates and other Forex educational material by following FXLORDS on Twitter, Facebook, LinkedIn, Google +, RSS feeds and email subscriptions.

12. I want to learn Forex, how?

12. I want to learn Forex, how?

If you want to start learning about Forex trading, we suggest that you make your way over to the Technical Indicators section, our very own guide for teaching beginners the ABC’s of the foreign currency exchange market. After you are done with the Technical Indicators, you sign up for our innovative service, the 1-1 training session, which is found so our clients can learn more complex subjects in financial markets trading and macro economics. We highly recommend reading our regularly updated website, and check how we approach the Forex Markets and sign up for our Forex trading signals, which are a paid service to receive direct SMS (i.e., text messages) to your mobile devise. Of course, don’t hesitate to send us any question regarding Forex trading, terms and definitions and we will be happy to assist you.

13. How do I register with www.fxlords.com? What do I get?

13. How do I register with www.fxlords.com? What do I get?

Registration is not needed on www.fxlords.com unless you are subscribing to FXLORDS Forex Trading Signals, which is a paid service. You can have some information about this service by visiting www.fxlords. com/forex-trading-services/. You can also get our Free Forex Trading Signals, market updates and other Forex educational material by following FXLORDS on Twitter, Facebook, LinkedIn, Google +, RSS feeds and email subscriptions.

14. Can I get added to FXLORDS Preferred Brokers listing?

14. Can I get added to FXLORDS Preferred Brokers listing?

You have to send us your website address to [email protected] regarding this and we’ll get back to you in 24 hours.

15. Can I trust the companies that you advertise on your website?

15. Can I trust the companies that you advertise on your website?

This is a question that we cannot answer with a simple yes or no. but all advertisers/companies displayed on www.fxlords.com as advertisements for companies that we have worked with for several years. These companies have exhibited honesty and integrity in conducting business with our company. That being said, to be as unbiased as possible to our clients and guests, we do not specifically endorse any broker or advertiser, nor their products or services.

That is where the power of FXLORDS‘ side website www.tujjarfx.com. It will provide you with the firsthand knowledge from a source which had a direct live experience with various companies’ products and services. This side website www.tujjarfx.com offers you information which are not given to us directly by the brokers to promote their offerings. Combine these areas of knowledge with those of FXLORDS and we’re sure you’ll be able to make the best decision for yourself.

16. How long does it take to become a successful trader?

16. How long does it take to become a successful trader?

Trading is a skill, just like sports, arts, medicine, etc. The education and knowledge is out there, but having the discipline to learn and develop a method that works for you is the question. Having what it takes to step up and take risks, and do the work necessary to review and improve your trading is what is required to become a successful trader. Controlling your emotions when, not IF, you lose money, is what will turn a trader to a successful one. A plan that works for you is important as well, but being able to stick to it day in and day out is critical. What we are trying to say here is that there is no definitive answer to your question that can be generally applied on all. The time this process will take is really up to you doing what you have to do to learn and practice.

However, if you’re still looking for a more definitive answer, below are a couple of rules to give you an idea on the time it takes to be a successful trader.

– It is a must to trade a demo account for a year before you start trading in the financial markets.

– Most traders acknowledge that it probably took them three to five years of live trading experience during which they did not know what they were doing.

– It will take about 10 years of deliberate practice to master the art of trading, just like any other skill.

17. How much should I risk per trade?

17. How much should I risk per trade?

If you are a beginner in Forex trading, your account risk should be as small as possible. The main reason we advise for mini accounts for beginners is not that they can’t trade and shouldn’t risk money in Forex trading, but we say this is because beginners do not have enough statistics on their trading system or method to optimize their risk per trade ratio. You don’t know how often you lose, how big your draw-downs are, your longest losing streaks, etc. After you have gathered enough information about your method or system (we suggest a year’s worth of trading), then you can begin to adjust your account risk and your trade to risk ratio to a comfort level.

In general, we do not suggest that anyone risks more than 1% of your account per trade. and 5% at any given time. Again this is all based on your risk and reward comfort level. Read up on our risk reward method on this link for more information http://www.fxlords.com/forex-education/forex-articles/risk-and-reward-in-forex-trading/.

18. How long should I spend on trading per day?

18. How long should I spend on trading per day?

We’re not sure how other traders do it, and this question can’t be answered in a general manner, but for our style as discretionary traders, we are usually up-to-date regarding the financial market and world political scene and economic situation. We usually start days before the trade day takes place, usually looking for a good Risk/ Reward setup that has the potential to succeed, and we mark the time at which the price will be when we expect the Risk/ Reward setup to play out. After marking the expected day and approximate time (which is usually a 12 hours frame) for the trade to play out, we usually start several hours earlier to plan the trade and better visualize it. We will point the entry price and stop loss/ take profit levels. Then at the time of the trade, we take it without hesitation but usually at the close of the candle on a 4 hours chart.

What we think sets FXLORDS apart from other websites is that we take the trade without second thoughts since we already did all homework we can. Another reason is that we let the trade play out without checking the price every 2 minutes and changing our views. We stay away from the chart and give our position the time to materialize, and after it does, we will conduct an analyses for the trade and the price action occurring during the time the trade took place to revise and better improve our decision processes and risk management. Of course, if you trade longer time frames, which is how FXLORDS do it, then the process won’t be as time consuming. Again, this is how FXLORDS trade. We always suggest finding your own methods and strategies to trade.

19. Do you offer Live/ Demo trading accounts?

19. Do you offer Live/ Demo trading accounts?

We are not brokers and do not offer any kind of brokerage accounts, Live or Demo. However, if you’re interested in opening a demo account, check the companies advertised on www.fxlords.com and the ones listed under the Preferred Brokers tab. If you find yourself in need of more assistance, please use the form below and we’ll contact you to discuss which companies may be of interest to you, and then help you choose the broker that’s right for you.

20. How much money is needed to open a trading account?

20. How much money is needed to open a trading account?

Since you asked that question, and if you are new to Forex trading, we will suggest starting with zero – that’s right, nothing. You need to at least learn the basics before you even think about investing money. However, and for the sake of answering this question, we think a mini account should be set up for $2000. However, to be able to trade constantly in a successful manner and make enough profits to be noticeable, a minimum of 20,000 USD is needed, which is the minimum required in order for you to take advantage of FXLORDS Managed Forex Accounts services.

21. Which broker do you recommend?

21. Which broker do you recommend?

We try to stay as transparent and sincere as possible by listing only the best Forex Companies and then selecting the ones which we tried and opened a live account with them, contacted their customer support department and withdrawn funds from. However, every trader is different in their preferances and trading styles, so one broker can work for all traders. You can start by checking FXLORDS‘ Preferred Broker tab, and our side website www.tujjarfx.com for more info.

22. Will you trade my money for me? Are there companies that will trade my account for me?

22. Will you trade my money for me? Are there companies that will trade my account for me?

Yes, we can trade it for you, and there are many companies out there that will trade the account on your behalf. But since we can only speak about FXLORDS, we might be the only company that shares losses as they share profits, not to mention that we always try to educate traders so they can do it themselves. With that fact in mind, you can start with checking the “Managed Forex Account” tab to give you better idea about FXLORDS service and you can contact us through the form available below and we will help you in finding the best service for you.
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