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Forex FAQ

Forex Frequently Asked Questions

We have put together a list of the questions we hear most frequently. If you do not see your question on this list, please do not hesitate to email it to us at cs@alterhedge.com



  • What does FOREX mean?

    FOREX stands for Foreign Exchange, The foreign exchange market (currency, forex, or FX) is where currency trading takes place.

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  • What is traded on the FOREX market?

    The currencies of different nations are traded against each other in the FOREX market. The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. In general, the eight most traded currencies (in no specific order) are the U.S. dollar (USD), the Canadian dollar (CAD), the euro (EUR), the British pound (GBP), the Swiss franc (CHF), the New Zealand dollar (NZD), the Australian dollar (AUD) and the Japanese yen (JPY).

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  • How much money is required to become a FOREX trader?

    The minimum account size that we have seen is $250. However, the FOREX brokers that we feel most comfortable with require a $2,500 minimum. Please see our Broker's page for more information.

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  • How much time is required to become a FOREX trader?

    While training, there is no minimum time commitment, but the more time you devote to it, the sooner you will attain your reward. Once you are trading live, your trading style and objectives will determine the amount of time required.

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  • What type of computer do I need in order to trade the FOREX?

    You need a computer, FOREX Trading Education, our trading tools and Internet access. More information about our Forex tools here.

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  • Where can I trade FOREX?

    Anywhere wheree there's a Computer and Internet access.

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  • Where can I open an account to trade the FOREX?

    All FOREX trading happens online. You can open an account with any FOREX broker. We recommend Forex.com UK, Tradeview Forex and 4XP due to our overwhelmingly positive experiences. Please see our Broker's page for more information.

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  • How can I know which FOREX broker and trading software are best for me?

    We recommend Metatrader Trading Platform. Our solutions runs on Metatrader please see our Broker's page for more information.

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  • How much does it cost to trade the FOREX? What are the commissions?

    There are no commissions in FOREX trading.

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  • Can I trade foreign currencies as a business?

    Yes, you can turn your trading skills into a career.

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  • Where can I learn more about trading the FOREX?

    Donwload our Free Forex Bookg here. Also Visit our Training and Education page.

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  • Are there any tricks to conserving my capital as I learn to trade?

    You will be taught all aspects of Money Management throughout our FOREX Trading and Education Courses.

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  • What is an Expert Advisor?

    Expert Advisors is a mechanical trade system (MTS) linked up to a certain chart in Metatrader 4. The Advisor can not only inform you about a possibility to strike bargains, but also can make deals on the trade account automatically and direct them right to the trade server. Like most trade systems, the MetaTrader 4 terminal supports testing strategies on historical data with displaying on the chart the spots where trades come in and out.

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  • What is a Forex Trading Signal?

    Trading Signals Put Forex strategies directly in the Hands of Forex Traders. The AlterFX trading platform allows traders to use the knowledge of experienced traders for their own trading. AlterFX Trading presents Forex traders with an opportunity to quickly and conveniently select one or more Forex trader's strategies and mirror their trades in real time and web based.

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  • What is Forex?

    The simultaneous buying of one currency and selling of another. Foreign exchange (FOREX) is any type of financial instrument-from electronic transactions to paper currency, checks, and signed, written orders called bills of exchange-that's used to make payments between countries is considered foreign exchange.

    Large-scale currency trading, with minimums of $1 million, is also considered foreign exchange and can be handled as spot price transactions, forward contract transactions, or swap contracts. Spot transactions are closed within two days, and the others are set for an agreed-upon price at an agreed-upon date in the future.

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  • How do Forex trading Signals Work?

    Trading signals are suggested buy and sell points with price targets and stop-loss levels delivered by signal providers to traders. They may be delivered by email, instant messenger, cellphone, or direct to your desktop. Some services even offer auto-trading, allowing you to auto-execute their signals direct into your broker account.

    AlterFX provides signals from over 50 different systems both manual and automated, executed into your account automatically, each with verified track records. You simply choose the signal or system providers you want to receive signals from, choose the currency pairs you want to trade, set up your money management, and let them do the rest! Click here for a free 30 day demo account

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  • What is Metatrader?

    MetaTrader is an independent trading platform that was developed for trading forex, options, and futures. MetaTrader is made by the MetaQuotes company and it was created in 2002. MetaTrader was one of the first truly programmable trading platforms that came complete with its own programming language.

    MetaTrader is a software platform that is independent of the forex broker. The brokers that support using the metatrader platform do package their own versions, but the back end software is maintained by the MetaQuotes Software Corporation.

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  • Best Forex brokers?

    We have tested and compared the best Metatrader Brokers. Please see our Broker's page for more information.

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  • I still have more questions...

    If you wish to contact us for more information, questions click here.

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