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Can you describe how the trading works here?

We do live trade calls in our chat room. The majority of the trade calls will be made by our head trader. When a trade call is made it will be clearly visible on the live viewable trade station and it will be posted in a trade log. There will be no mysteries when a trade is taken and when it is closed. Trades will typically be officially closed after the first entry level has reached a minimum payout of 20 pips.

No trades will ever be called by any members. This is unlike any other FX website in existence. You will not be exposed to knee-jerk trade calls made by other traders. All trades called will have a tremendous amount of market intelligence behind the call and each call will be indicated as a scalp, intraday, or swing trade.

What is the difference between scalp, intraday, and swing trading?

At ProFXI three trade types will be triggered by our signal system and or called live:

1. Scalp: this is a trade typically opened and closed within 1-hour, looking for 10 or more pips.

2. Intraday: this is a trade that could typically be open for 48-hours or less, looking for 50 or more pips.

3. Swing: this is a position trade typically held for 72-hours or longer, looking for 100 or more pips.

Our preferred method of trading is on an intraday and swing basis as they produce better ROI. There will be times, however, that we will take several scalp trades if the market presents an easier opportunity to play those types of tighter ranges.

What kind of margin do you use?

Typically, we will take trades using between 0.5% and 2% used margin and typically no more than between 6% and 8% total used margin on the entire account. Risk and money management is critical in the FX market. There may be times that we deem certain market conditions are ripe to take larger entries but those are only under special circumstances and are managed very tightly.

We strongly encourage you to use strict risk management disciplines. Ultimately it is up to you to decide what size entries to make. You are personally responsible for the trades you take and the amount of margin you use per trade.

What are your stop-losses?

We use stop-losses but we do not allow the banks and brokers to hunt them down. When we issue a trade it is not likely we will issue a stop-loss. Each trade we take has a specific game plan and it is rare that we place a stop-loss on that trade as we do not want to get stop hunted and give money back to the market.

If your trade plan and strategy requires you to use set stops, fair enough, that is your choice.

When do I take profit?

It is up to the discretion of the trader who issued the call when he decides to take profit. It will depend on what kind of trade when profits are taken. You are ultimately responsible for your own trades and you decide when you would like to take profit.

No two traders are exactly alike and no two traders see the exact same things in the market. If you decide to take profits before we do, that is great. If you wait and want to take a bigger profit, that is fantastic, in the end, the call is yours, you pull the trigger.

If you have questions about our service, please email Support@ProFXI.com