FOREX (FOReign EXchange market) is an international foreign exchange market, where money is sold and bought freely. As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. It is also the biggest liquid financial market in the world. According to various assessments, money masses in the market constitute from 1 to 2 trillion US dollars a day. That is bigger than all US Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.) there are dealers who will quote currencies. exchanges trade per day combined (It is impossible to determine an absolutely exact number because trading is not centralized on an exchange).

The idea of margin trading stems from the fact that in FOREX, speculative interests can be satisfied without a real money supply. This decreases overhead expenses for transferring money and gives an opportunity to open positions with a small account in US dollars, buying and selling a lot of other currencies. That is, one can conduct transactions very quickly, potentially yielding a high profit when the exchange rates go up or down.

Q&A from current customers:

How many signals do you provide per day and on what pairs? We tend to trade the majors the most, however we will trade all currency pairs. I would say we average between 1 and 5 trades per week for the Quant Signals, and 1-2 trades per day if you participate in the LIVE Order Flow room. The market tells us what the opportunity is and not the other way around so there is no set number.

How can the subscription be cancelled? You simply have to log into your paypal account and cancel the subscription under the history tab. You may request a refund within your first 7 days no questions asked by sending an email to support@fxpipcapital.com after you have cancelled through paypal.

Can you send those signals to a mobile phone? To follow our quant signals it is not necessary because we only post trades once a day at 11 p.m. EST (New York)  in the forums and through email. If you can get to your email on your phone you can use your phone. For the live order flow room we have decided against SMS as we sometimes take fast trades and the delay between us sending out the signal and your receiving would be too long.

What is the maximum no. of trades that you have opened at any given time? This varies but I would say the maximum is probably around 5.

For how long on average is a trade held for before being closed? Right now we are in a trade we have had on for a week. I would say the average is about two days but this varies all the time for our Quant Signals.

Which broker prices or charts do you use as reference for your signals? We used IBFX until 7/10/2008 when we switched to Interactive Brokers.

Just wondering if you guys are such great traders, why did you develop this site? Seems to me you would want to keep it a secret? Guess I am just a little skeptical of these sites.
To be honest this is a really great question. John and I have been active in Forex for some time now. We both realized the potential this market has and were attracted to it initially due to the astronomical amount of growth in volume, which we believe will continue. Retail is fairly new in this market, and we believe and know that the amount of growth the retail market will have over the next five to ten years is going to be substantial. We wanted to capitalize on this and when we thought how we would start to do it, this site was the best answer. We wanted to build a large online presence in the retail Forex world, and we believed we should bring what we know best to Forex, and trading is what we know and do best. I think you will see us expand in the future from this site alone onto more sites. Because you’re right, we do make a lot of money's as traders and this site will never compare for what we are charging, to what we make trading. However, down the road a strong online presence could prove to be very profitable to us. Second, so many people think if you have something that great why give it away. Forex is such a liquid market, we could have 10,000 followers and we still wouldn't influence the price of a currency or where it is going. Therefore, giving away our trades doesn't hurt us personally. Finally, we believed if we built a network of traders and successful people it would only help everyone involved in the group including ourselves. John and I both believe in helping others and feel that is part of the reason of our success in life, among other things such as countless hours of work and extreme focus and discipline. So I hope this answers your question, it’s a difficult one to answer, but a great question to ask.

Is there a physical address? We do have a physical address in Chicago where all of our operations from trading of our managed accounts, this site, and our real estate operations are run out of. However, we do not use our full names or give out our personal address. The fact of the matter is we are dealing with retail traders. Some people will not follow our risk management and will blow up their account and look for someone to blame, as its human nature. We run managed accounts and are not able to risk someone who blew up their account due to their own mistakes to say anything bad about us personally that could affect our other operations. We also have competitors in this industry who we know were never members and have posted bad reviews about our site because they are nervous and know they are going to lose clients to us.

What makes your service better? You trade with professional traders with a real history. Our goal isn’t to just make you money but help you along the development process. We run our business with the highest ethical standards which we have always believed has led to our success in life. Our quant signals are extremely easy to follow which allows our members to mimic our trades exactly. We use a retail broker to report spreads and profit or loss so it is fair to everyone. We are also one of the few communities that combine great signals along with trader development and dollar for dollar we are the cheapest considering we really offer two trade services in one.

I would like to know your stop loss and target pips total for each signal? It varies. We tend to try and make between 100-200 pips per trade and our stop losses range from 30 pips to 200 pips depending on if its a Quant Signal or from the Live trade room. We also have some trades that we hedge and run similar to a basket.

I need to know how long your sessions typically last for as I'm 5 hours ahead of you. Getting up at 04.00 GMT is no problem, but my current day starts at 06.00 GMT, so it's more than two hours I just want an idea of how much I'll be missing out on? You will miss out on nothing. Our quant strategy is simple. You log into the forums or check your email at 11 p.m. EST (New York) and you simply have to read the positions we put on or changed and then that’s it. We will not make a change on the signal or add new signals for the quant strategy until 11 p.m. EST (New York) the next day. The order flow room is a bonus for the more active traders who can be awake during London and US Sessions.

What has been the maximum consecutive drawdown to date (in pips) with your signals? This year we had a drawdown of 1100 pips.. This is our worst open drawdown we had, however during both times we had positions we were profitable on which we had closed. This in no way predicts the future but I think it’s a pretty good bench mark. This would be equivalent of a 30% drawdown on your account using our suggested trade size. We are confident that this drawdown is an extreme of what you will ever experience with us.