Risk Management for Forex Investing

Frequently Asked Questions 31 - 40

GO TO FREQUENTLY ASKED QUESTIONS 1 - 10

GO TO FREQUENTLY ASKED QUESTIONS 11 - 20

GO TO FREQUENTLY ASKED QUESTIONS 21 - 30

31) Do I get a discount on subscribing to multiple trading systems to diversity my investments?

Yes, when you sign up for 2 systems with our preferred brokers, you will receive the 2 systems for the price of 1. When you sign up for all 3 systems with our preferred brokers, you will pay a total pf only $150 per month.  

32) I would like to sign up for your service, but I am concerned about the security of my account. How can I trust you with my account number and password and prevent unauthorized withdrawals?  

The security of your account is assured at all times. You can log into your account and view it 24 hours a day. Remember the money is with your Forex bank or broker, not with us. Our software service only performs the trading; we can’t withdraw funds. Only you can withdraw the money from your account and no one else. We encourage you contact your Forex broker if you have any concerns.  

33) What are the biggest advantages in using your service?

  • It requires no prior trading knowledge.
  • It operates 24 hours a day, 5 days per week.  
  • It works with all of the world largest Forex brokers: FXCM, Alpari, FXDD, MIGfx and Varengoldfx.
  • It has propriety trading algorithms to make the right trading decisions for any market conditions.  
  • In 2009, Jasmine gained 20% ROI, Leah broke even, and Sienna gained 73% ROI with fixed 1 lot trading and no compounding.  
  • It requires no work, no decisions, and no worry.  

34) What are the differences between you and your competitors?  

  • We publish live results every 30 minutes for non-subscribers, and real time Forex trading results for subscribers for full trading transparency.
  • Other software comes and goes, we have successfully traded live since September 3rd, 2007, with more than 1,500 trades and a similar number of buy and sell trades.  
  • We publish the maximum drawdown for each of our systems so clients can make informed decisions regarding the risk and reward ratio.  
  • We use proper money management and all of our trades have a larger take profit than the stop loss.  
  • In 2009, Sienna placed 8th in the world as the safest and most profitable trading account strategy.  
  • We offer 3 automated trading systems that clients can use to diversify their investments.
  • In 2009, the total gain of our 3 trading systems was +13,968 pips vs. a maximum drawdown of -2,644 pips, with a risk to reward ratio of 5.28.  
  • We have clients around the world: Vancouver, Burnaby, Surrey, Calgary, Toronto, HK, UK, GER and US.  

35) Can you clarify the monthly service charge? Is it being withdrawn from my trading account?  

We charge $98 per month per system. There are also significant discounts available; click on the Discounts tab for more information. You can cancel the service at any time as there is no contract. Your monthly service charge is being handled by Paypal, and you can pay using your Paypal account or Visa & MasterCard. The money in your trading account cannot be withdrawn by anyone except yourself. Even your spouse with your account number and password cannot authorize the transfer without your consent. Your Forex broker will only transfer funds back into the original bank account where the initial wire transfer deposit was made, so do not close the bank account where you made the original fund wire transfer since it will present a problem when you want to withdraw from your Forex account. If you have further concerns, please contact your broker regarding who can transfer funds in and out of your account.  

36) Your trading system Sienna ranked 8th in the world during the international trading competition. Can I obtain information on systems that ranked 1st to 7th?

The competition was held by Varengoldfx Bank, and only they would have that information. Note that each participant was only allowed to register one trading account. Only Sienna was registered and its 2009 ROI was 73%. Only our company can claim that we have multiple profitable trading systems with which clients can diversify their investments. Going with any other companies with one trading system is like putting all of your eggs in one basket.  

37) Is it true that more than 95% of manual traders lose their money? Why are there so many new traders leaping into the Forex market?  

Most manual traders don’t realize that trading is 70% psychology, 20% money management, and 10% technique. Traders are often only interested in finding the Holy Grail, and do not spend enough time to control their emotions of greed and fear and maintaining their discipline. Using automated trading, the computer has no emotion, and it has built in money management and discipline to monitor and trade the market 24 hours a day. The chance of winning in the Forex market is a lot higher using automated trading in comparison to manual trading. For more information on statistical numbers of failed traders and why there are so many new traders leaping into the Forex market, you can find more information here:  

38) Is Winsor A.G.A. Hoang a trader or a talented engineer?

Winsor has over 12 years of trading experience in both stock and Forex markets. He was introduced to the Forex market in 2004 and has not looked back since. For three years, Winsor coached one on one as a Forex trading mentor. Winsor has also worked for large Canadian high tech companies such as: PMC-Sierra, Sierra Wireless, Nortel Networks and Research in Motion (RIM) as a Test Engineer specializing in automated test systems.
 
Guided by a belief that automated trading would be a valuable tool for the average investor, he began developing Forex expert advisors for the MT4 trading platform. Being both a good trader and a talented engineer, Winsor was able to apply his skills in high tech automation and transferred them into Forex automated trading systems. Winsor is a synergy of a good trader and a talented engineer. 

Top

GO TO FREQUENTLY ASKED QUESTIONS 1 - 10

GO TO FREQUENTLY ASKED QUESTIONS 11 - 20

GO TO FREQUENTLY ASKED QUESTIONS 21 - 30