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Old 10-14-2008, 04:51 PM
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Frequently Asked Questions

Is it necessary to have the platform connected to the Internet permanently?
No, all trade signals are executed on Remote servers, therefore is not a requirement to keep your PC running for trade execution on your account. You are required to connect to the internet to set your Money Management settings initially.

Does the platform allow hedging?
Yes it does.

What are the costs for the signals and trade execution, are there any other charges?
The only charge the client pays is 1 pip commission per round turn trade in addition to the spread. For example, $10 on 100k lot, $1 on $10k Mini-lot. There are no subscription or platform fees. This commission charge is automatically taken from your live account. *Please note that the demo accounts and the performance summary statistics do not account for the commission charge.

Can I set leverage with your platform, what if signal provider wants to buy $100k but I only want to open $10k?
The client sets the leverage for each currency pair to their requirement, the signal provider only sends the signals, not a suggested lot size, a client can trade from $10k lot upwards for each pair they decide to trade. There are 3 Modes of Money Management:
• Fixed Lot – Fixed Lot size per trade.
• Fixed Ratio – Fixed Account % Risk per trade on Principal.
• Fixed Delta – Increases or Decreases lot size dependent on Account Balance.

Can I trade any signal Provider I like?
Only signal providers listed within the platform are available.

How do I get started, what is the process and how long does it take?
Click on the following link to open a Forex System Selector account:
Forex trading system selector
Our New Accounts department will notify you regarding the status of your account application by email within 2 business days.

Does your platform support multiple strategies in parallel?
What happens if Provider A is short on EURUSD and Provider B tries to place a long EURUSD trade. The platform will recognize signals from multiple signal providers and hedging is used when necessary.

Can I close or change the Stop or Limit manually myself?
Yes, you can close or modify a trade signal, however it will be re-adjusted again if a new modify order is placed by the signal provider after the client adjustment.

If I close a trading signal, when the signal arrives to close the trade, will it then put me in a new open position?
No, signals to open and close are distinctly different, if you manually close a trade, no position will be taken when the close order arrives. The next new trade to open will executed on your account.

What happens if I disable money management for a signal provider when I have an open position, how will the trade be handled by the system?
If you remove a signal provider from your portfolio, any open trades will be closed when the close order arrives, but a new position to open will not be executed.

What happens if I change my lot size for a system when I currently have an open trade?
The trade will be closed with the lot size it was opened with, the next new trade to open will be reflected with the new money management settings.

What are the margin requirements for a Trade?
FXCM FSS accounts are set up on a default margin setting of 0.5%.

Which is the best system to trade?
This is left to the discretion of the client, we provide them all the tools and trade history for them to make an informed decision regarding their investment choices, but do not provide investment advice. Please feel free to visit our FSS Forums for additional resources and reviews. Systems Reviews by DailyFX Course Instructors

Do the performance figures include commission?
No, the performance does not include the 1pip commission per round trade.

How long does the demo account last?
FSS Demo accounts stay active for 30 days.

What if I want to place a manual trade in addition the automated trades?
You are able to open manual trades in addition to auto trades, these will be labeled as “manual” in signal provider column in the positions tab of the platform.

Do the performance figures include swap values?
Yes, they include swap/rollover rates.

How do I know what size of stop a signal provider uses so that I can calculate my risk?
In the PERFORMANCE tab of the platform, there is an INFO tab which displays some information on the strategy. The information in this tab was provided by the signal provider, so look at the actual trade details to verify for yourself. This tab is the first column on the left in the PERFORMANCE tab.

How many systems/ pairs is it possible to trade in a LIVE account?
It is possible to trade 100 system/pairs in the LIVE account version.
Does the DEMO account have the same functionality as the LIVE version?
The DEMO account will not show the Stop Loss or Target Point to avoid signal misuse.

Can I stop trading at any time?
Yes, you can close all your positions and disable your portfolio instantly, you are in complete control if your account at all times.

What does Max DD mean in the signal provider list?
It is the largest peak to valley drawdown for that pair, in pips. This figure can be used for evaluating your risk.

Why are some pairs showing less profit than other pairs with same number of pips?
This depends on the pip value of the currency pair in question.

Can I trade various modes of money management in same portfolio?
Yes, you can have Fixed Lot, Fractional and Ratio settings applied to different systems within your Portfolio.

When is the commission charged, at end of month or every trade?
The commission is applied when the trade is closed.

Last edited by FSS Moderator; 10-01-2009 at 04:47 PM..
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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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