FAQ
Frequently Asked Questions?
Is forex trading for me?
Absolutely! Anyone can be a forex trader if they
meet their jurisdiction’s requirements and start with a minimum balance of
$1,000 plus $200 in monthly deposits. For those unable to meet these
requirements, we recommend exploring alternative investment options to
achieve optimal results. We also have a demo test for a one-time fee of
$49.99.
How does the automated trading system work?
We set up a dedicated
application on a VPS that reads trades from a Discord server and
automatically copies them to your broker account. This ensures you never
miss a trade, even if you’re busy.
Why not sell signals instead of an automated system?
Signal services often
result in missed or late trades due to timing issues. Our automated system
eliminates this problem by executing trades on your behalf, ensuring you
take advantage of every opportunity. Plus, you only pay a commission on
your profits—no subscriptions.
Do I need to monitor the trades or make manual decisions?
No, you don’t
need to monitor trades or make manual decisions. Our system is fully
automated, removing the emotional stress associated with trading. However,
you can monitor the trades if you wish.
Why don’t you disclose the exact trading strategy?
Our trading strategy is
proprietary and has been developed over many years. To maintain its
effectiveness, we don’t disclose the specific details. This strategy has been
successful for over a decade and continues to deliver consistent results.
What can I expect in terms of trading frequency?
On average, our system
trades for about four months each year. The frequency varies, with some
years seeing as few as one trading month and others up to seven. We
prioritize quality trades over quantity to ensure the best results.
What is the expected drawdown, and how is risk managed?
The maximum
drawdown we’ve experienced in a month is 44%, though this is rare, and the
month finished in profit. We manage risk by strategically using stop-loss
orders and careful trade selection, ensuring that the system operates
effectively to generate profits.
What happens if there’s a losing month?
Clients only pay commission on winning trading months, but the likelihood of the month being unprofitable is low.
Can I withdraw funds or close my account at any time?
Yes, you can withdraw your funds or close your account anytime. However, please note that we have limited spots available, so we cannot guarantee availability if you decide to return.
How do I pay the commission, and when is it due?
The commission is due after a profitable trading month. We will notify all members and send an email with instructions on how to pay the commission, which is calculated as a percentage of the profits earned.
What support is available if I have questions or issues?
For support, you can contact us via email at [email protected], by phone at 833-774-2439 or through Discord @millionairestepsfx.
