Frequently Asked Questions (F.A.Q.)
Which pairs does ExcaliburForex follow?
We now follow a total of 8 pairs; EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, EUR/JPY, GBP/JPY and AUD/USD.
At what time does ExcaliburForex update its signals? And at what time should I close my open positions?
All signals are updated at 12 midnight GMT, and the signals are closed as advised- either a profit target or stop loss will be hit, or at midnight GMT you may be advised to close a position.
What does SL mean?
SL = Stop Loss. Order type whereby an open position is automatically liquidated at a specific price.
Do you have stop losses?
Yes, we will provide a stop loss for all trades.
Is the price in ExcaliburForex signals the Bid or Ask price?
It depends, when our signal is a BUY, then it's the ASK price, and when it's a SELL, it's the BID price.
Do you offer a free trial?
No. However if we fail to make 200 pips in a calendar month, then you get the next months subscription for free.
What is the history of the signal makers? How long have they been trading?
Our signal makers have been trading professionally for over 6 years.
Are ExcaliburForex services available worldwide?
Absolutely.
Do I have to follow the trade behind my computer during the day?
No. You simply enter the trade as advised in the members area and forget about it till the next day, when the trade may be updated at Midnight GMT.
Does ExcaliburForex recommend its service to beginners or more experience traders?
Both. For beginners, our system is quite easy to follow (and profitable) while they continue to learn the inner workings of the Foreign Exchange market. As for experienced traders, our system let's them enjoy great results without analysing the market for hours every day.
How large are your stops?
This varies, sometimes our stops can be over 100 points away from the entry point. As stated on our home page, this is not a day trading or scalping system. This is real life trading, where you will often pick up several hundred pips on a single trade. As a result we advise you use LOW leverage. You would be amazed at how much money you can make using low leverage.
How often will I be trading each currency?
On average you will make about 8 trades per month. We don’t provide a new trade every day because we only want to provide you with high probability trades. We are trading for profit, not to alleviate boredom.
How long do you hold your trades for?
Anywhere from 1 to 14 days
Why do you promote taking longer term swing trades rather than short term day trades?
Because we work for the trader not for the broker. Brokers promote high leverage (because they can take your money faster) and frequent day trading (so they can take your money faster). We are not interested in giving the brokers any more money than they are entitled to. We have the goal of putting maximum cash into YOUR pockets.
How does your billing work?
For your convenience if you subscribe with a credit card, it will automatically be re-billed at the end of each month's subscription period. For example, if you subscribe on the 18th of April, your card will be re-billed on the 18th of May. You may cancel at any time simply by sending us an e-mail.
Do you accept e-gold?
Yes, though your membership will not be automatically renewed each month as with a credit card
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