Frequently Asked Questions

General Information

Which currency pairs do you trade?
What are your trading hours?
How many trades do you make per day?
How long your trades are open? Do you keep open positions overnight?
Which Forex broker can I use with your services?
Can a beginner use your services immediately or do I need some knowledge/training on Forex?
When I subscribe do you provide any tutorials on how to enter a trade successfully?

Forex Signals

What are Forex signals?
When do you send Forex signals?
How many signals do you send per day?
What do I need to start using your Forex signals?

Trade Copier

What is a Trade Copier?
What information do I have to provide?
Which Forex broker should I use with your Trade Copier?
Does my computer need to be switched on?
Do I need a Virtual Private Server (VPS)?
Can I use a U.S. -based Forex broker that enforces the FIFO rule?
Do you recommend any brokers and VPS providers?

Which currency pairs do you trade?

We trade all 7 major currency pairs and their crosses.

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What are your trading hours?

We place trades from 5:30 am until 11:00 am Eastern Standard Time.

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How many trades do you make per day?

On average we make 1-2 trades per day.

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How long your trades are open? Do you keep open positions overnight?

The vast majority of trades that we make last from few minutes to a couple of hours. From time to time we might leave a part of a profitable position overnight. But only if the stop-loss order is at least at the break even level.

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Which Forex broker can I use with your services?

You can use any broker of your choice. For the Trade Copier service you need a broker supporting MetaTrader 4 software platform.

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Can a beginner use your services immediately or do I need some knowledge/training on Forex?

Anyone can use our signals immediately. No prior knowledge or training is required.

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When I subscribe do you provide any tutorials on how to enter a trade successfully?

Yes, when you subscribe you receive our introductory materials on trading signals, our philosophy, money management, strategies, entering orders, etc. We also provide full email support and answer all questions.

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What are Forex signals?

Forex signals alert our subscribers to trading opportunities that we see in the market. Each signals contains exact Buy or Sell price, Stop-loss price, and Take Profit prices.

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When do you send Forex signals?

We send Forex signals between 5:30 am and 11:00 am Eastern Standard Time.

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How many signals do you send per day?

On average we send 1-2 Forex signals per day.

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What do I need to start using your Forex signals?

All you need is an online broker account where you can trade currency pairs.

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What is a Trade Copier?

rade copier is a piece of software, which is installed in your MetaTrader 4 platform. It copies all trades that we make in our real account into your MT4 account. You can scale the risk, lot sizes and everything else.

Once you subscribe, we program and send you the software together with installation instructions. The installation is straight forward but if you run into troubles, we will help you.

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What information do I have to provide?

All we need to know in order to program the Trade Copier for you is your MT4 account number. We do not need to know your password. We don’t even need to know the name of your broker.

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Which Forex broker should I use with your Trade Copier?

Yes, you can use any Forex broker supporting MetaTrader 4 software.

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Does my computer need to be switched on?

Yes, for the Trade Copier to work your computer has to be online with MetaTrader 4 running.

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Do I need a Virtual Private Server (VPS)?

You can simply leave your computer online with MT4 running.

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Can I use a U.S. -based Forex broker that enforces the FIFO rule?

Yes, you can. Just let us know that at the time of sign up as the setup for U.S. – based brokers is slightly different.

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Do you recommend any brokers and VPS providers?

You can see our recommendations here:

https://plainforextrading.com/forex-trading-education-resources

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