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Traders International UK Forex FAQs
Introduction
Hello and welcome. We are entering a very exciting time with the introduction of TI FOREX to the Traders International UK product offering. Traders International HQ will do its best to ensure that all members are provided with the appropriate emails, E-course, room log-in and support material as appropriate. This document is for information only, and does not constitute education pertaining to FOREX Trading. The opening of a new Live Trading Room is a complex process and I appreciate your patience and commitment to the future of your trading.
Kind regards,
Thomas Degnan
Managing Director
Traders International UK
FOREX FAQ
1. Will it cost me any extra to trade in the TI FOREX room?
No. the TI FOREX Room will be available to all Traders International members who are paying subscribers to the Traders International Trading Rooms.
2. Do I need a new account established in order to trade FOREX?
Yes. To take advantage of the Traders International privileges that have been negotiated with FXCM, you will need to open an account with the FXCM London office. A link that will enable you to do this will be sent to you shortly.
3. Sign Up Now!!!
If you want to sign up prior to the link, and flag to FXCM that you are a Traders International client, please follow the steps below. Please note, regardless of the mechanism you use to sign up, as a Traders International client, you will receive all of the initial bonuses, as well as additional bonuses as negotiated. As a Traders International client, you initially qualify for the following:
- Free FOREX Trading charts with coded and encrypted proprietary indicators for use by Current TI members only.
- Dedicated FXCM Support Staff to assist Traders International clients.
- No commission trading for TI Members.
- Dedicated software that allows you to trade FOREX utilising your mobile phone. (Note: Your phone must be internet capable and suitable to having the FXCM Mobile phone package loaded to your phone).
The Step by Step Sign-up Process (Prior to Link)
- To open a live account - use this link: https://secure2.fxcorporate.com/fxtr/?ib=TRADERS_INTERNATIONAL_UK
- Please note:
- If you want your trading results to match the moderators, you will need to have your account expressed in US dollars.
- If you are trading as an individual, please use individual account as your selection.
- The comment "10,000 trade'' refers to allowing you to trade a minimum of $1.00 USD pips. It does not refer to you requiring minimum balance or minimum transaction size.
- In step 4 of this online application, the application asks for the referring agent to be specified: Please stipulate " Traders International" in this step, to ensure that FXCM know that you are a Traders International client.
- To open a Demo account - use this link: https://secure2.fxcorporate.com/fxtr/demo/?ib=TRADERS_INTERNATIONAL_UK
- To Download the Trading Station II Trading Platform which includes the Market Scope charts (and Traders International Indicator compliancy), use this link: http://www.forextrading.com.au/fxcm-software-download.jsp
4. Will the TI FOREX signals be the same or similar to the Emini signal set?
Yes. The TI FOREX signal set has been deliberately based on the divergence principles utilised in TI Emini trading. This is intended to assist in a smooth transition to TI FOREX for those TI members that wish to trade TI FOREX.
5. How much do I need to open a FOREX account with?
FOREX accounts can be opened with a small sum of money. Opening an account with $1000 USD may allow for you to trade $1 pips as a beginner trader and only have a very small fraction of your trading account at risk. Industry practice suggests that professional traders should only have 2.5% of their entire trading account at risk at any one time. (Note: Traders International UK cannot provide personal advice regarding the appropriate size of any trading account/s).
6. Do I need a new broker?
As per point 2 above, FXCM is the only recommended broker for Traders International UK clients.
7. Will I get an SMS signal alerts when a TI FOREX trade is called?
If you would like to, yes.
8. What days will the room be open?
The FOREX moderator has directed that there will be no trading FOREX on the first day of each trading week. This allows for aggressive analysis of the general market conditions before a trade is placed. Trading in Australia will hence occur Tuesday to Friday inclusive.
9. Can I trade TI FOREX and TI Eminis at same time?
Yes. Beginner traders should consider specialising in one market only, based on the time that they prefer to trade, or the instrument that they deem easiest to understand.
10. Can I trade TI FOREX from my mobile phone?
Through FXCM, you can request the download of software that will allow you to trade off an appropriate mobile phone. Only technology proficient traders should consider this as a trading option.
11. Will there be a dedicated TI FOREX E-course, when do I get it, and how?
The TI Forex E-course is an add-on to your current Eminis E-course (via the secure viewer icon on your desk top). When the FOREX E-course is made available to you, it will simply be added to your extant E-course. There will be an extra section titled "Forex". The TI FOREX E-course will be sent out to all Traders International members. The course is due to be sent out on Tue 6 Oct 09 in conjunction with the planned opening of the TI FOREX room. It is TI HQ intent that traders become familiar with the running of the TI FOREX Rooms, and the dynamics of the markets selected by TI, prior to commencing trading. This is why the E-course will be released in a similar timeframe to the opening of the room.
12. Is TI FOREX replacing TI Eminis?
No. TI FOREX is a complimentary product designed to give loyal TI Traders more trading opportunities in a more applicable time zone.
13. Can I trade TI FOREX during the US cash market?
No. The room is not open.
14. Can we use Ninja to trade FOREX and Eminis?
No. The functionality is not available at this time.