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| About Forex Course |
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1. Is Forex Mentor a broker? 2 .Why do you give your software and eSignal data away for free? 3. What exactly do you offer?? 4. How does your service differ from other Forex brokers? |
| Commissions and Fees |
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5. What is your current commission rate? 6. Are there any trading minimums to qualify for your free software? |
| Opening an Account |
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7. How do I get eSignal data feed setup? 8. What is the difference a mini and standard account? 9. What is a pip? 10. What are eSignal's Currency Symbols? 11. Do you offer any services to help me become a better trader? |
| System Requirements |
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12. What computer equipment is required and recommended? 13. What operating systems are supported? 14. What type of internet connection is required? 15. Can I use a Macintosh? |
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1. Is Forex Mentor a broker? No. Forex Mentor is an introducing broker multiple clearing firms. It is in our best interest to introduce you to the firms where we belive you will get the best pricing as well as execution on your orders. |
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2. Why do you give your software and eSignal data away for free? We are compensated by a volume rebate paid by the clearing firms that we refer our clients to. Our Professional Software normallly sells for $2,000 or leases for $150 per month and the eSignal data feed costs about $139 per month. By trading through one of our recommended clearing firms, we are able to offer our software to you absolutley Free! There are two reasons why we are giving our software away for FREE. The main reason is that our software offers our clients the tools that are presently unavailable in any other forex trading platform that we know of. We have experience teaching (our mentorship program and live chat room) new traders and can see the results. Many of our traders are extremely happy with our software. Listen to their testimonials. Secondly we felt most new traders could not justify spending 15% of their account value each month on software and data feed expenses and we would therefore attract fewer traders. We also did not want our new traders taking unnecessary risks trying to cover their relatively high monthly costs. By giving our software away for free we are getting hundreds of traders we wouldn't normally have. They are telling their friends how much they enjoy trading with our software, and how good our training is and we are getting even more customers who would have never heard of us. And by training our traders how to successfully trade the Forex markets, we are getting paid on the back end through being Introducing Brokers. We have found that as traders start making money trading the Forex they trade more and increase their trading size from mini sized to full sized contracts. In our opinion this is the most incredibly fair Forex deal available anywhere. You the trader get $3,000 per year worth of software and data absolutely free! We really make very little off of smaller sized traders until we can teach them how to make money. So you see our best interest is doing everything we possibly can to help you make money. We recently opened up a Live Chat Room to further help our traders learn how to trade. You will be trading side by side with the inventors of the software and traders with thousands of hours of trading experience! |
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3. What exactly do you offer?? By opening an account through one of our qualified partner firms, Forex Course is going to give you our professional charting and analysis platform absolutely FREE. In addition you will also receive eSignal data (A $139/mo value). |
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4. How does your service differ from other Forex brokers? Forex Course will give you our Software and the eSignal data that it needs absolutely free. Our Software is one of the most sophisticated forex market analysis platforms available anywhere. For example, you can see on the chart how much buying and selling is going on, statistical high and lows of every hour in advance for lower risk places to buy and sell, and many buy and sell signals (Trend Snapback, Squat Bars, Trend Reversals). In addition we have intelligent volatility based trailing stops that keep you in trends to maximize your profits and reduce your risk. |
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5. What is your current commission rate? In Forex, the spread between the bid and the ask is your "commission". The lower the spread the lower are your trading costs. Some brokers, especially brokers without a dealing desk, typically charge a transaction fee on top of the spread. It is important to calculate the spread, transaction fee and/or commission per trade as your total up front cost per trade. |
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6. Are there any trading minimums to qualify for your free software? Yes. We expect traders to trade a minimum of 10 standard sized lots or 100 mini sized lots per month. By trading with our software you also agree to place all of your trades through our Introducing Broker arrangements. We are only compensated if you trade and it is unfair to use our software tools and training and trade elsewhere. |
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7. How do I get eSignal data feed setup? Once your account is setup and funded, contact the clearing firm where you opened your account and they will setup the eSignal data feed for you. |
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8. What is the difference a mini and standard account? Mini Account If you are new to forex trading, have practiced on our demo account and are ready to begin trading without risking a lot of capital, mini accounts are right for you. * Minimum deposit is $2,500. * Transparent pricing allowing you to maximize your trading profits*. * 200:1 leverage* * 10,000 trading lot ($1 profit/loss per pip movement) Standard Account * If you actively trade forex, the standard account is right for you. * Minimum deposit is $5,000 * Transparent pricing allowing you to maximize your trading profits*. * 100:1 leverage* * 100,000 trading lot ($10 profit/loss per pip movement) |
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9. What is a pip? A pip is the minimum fluctuation or smallest increment of price movement in the foreign currencies. A pip equals $1 per $10,000 of currency (mini sized lot) or $10 per $100,000 of currency (standard sized lot). |
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10. What are eSignal's Currency Symbols? TopGun software uses eSignal data and requires our users to use their symbols Here is a table that will translate what you are probably used to. The symbols all end with A0-FX this is a ZERO. EURUSD IS EUR A0-FX GBPUSD IS GBP A0-FX USDJPY IS JPY A0-FX EURGBP IS EURGBP A0-FX EURJPY IS EURJPY A0-FX EURCHF IS EURCHF A0-FX AUDJPY IS AUDJPY A0-FX USDCHF IS CHF A0-FX GBPCHF IS GBPCHF A0-FX GBPJPY IS GBPJPY A0-FX USDCAD IS CAD A0-FX CHFJPY IS CHFJPY A0-FX CADJPY IS CADJPY A0-FX AUDUSD IS AUD A0-FX EURAUD IS EURAUD A0-FX |
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11. Do you offer any services to help me become a better trader? Yes Forex Course offers affordable Professional Mentoring, Daily Training Classes, Trade Reviews, and a Live Chat Room to help our traders learn how to improve their Forex trading. |
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12. What computer equipment is required and recommended? We require the following: Windows NT, 2000, XP (Win95, Win98, and ME not supported) 2 GHz processor 512 MB of RAM 5 MB free hard disk space Cable or DSL We recommended the following: Windows XP 3 GHz or higher processor 1024 MB of RAM 50 MB free hard disk space > |
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13. What operating systems are supported? Windows NT, 2000, and XP are supported. Windows 95, 98 and ME are not supported. |
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14. What type of internet connection is required? Connections as low as 28.8K have been used by our clients, however, we suggest a broadband connection whenever possible. |
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15. Can I use a Macintosh? No. We do not have plans to offer compatibility with Macintosh in the future. |
Disclaimer: Past performance, as well as the performance of our testimonials, is not necessarily indicative of future results. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange with Forex Course, you should carefully consider your investment objectives, level of experience, and risk appetite. Always trade with money that you can afford to lose if you are wrong. Forex Course is compensated by a volume rebate from the bid/ask spread paid by the clearing firm. * Without proper management, this high degree of leverage can work against you as well as for you. |
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