Frequently Asked Questions
What is Forex Breakout?
Fast and informative, Forex Breakout
alerts you when support and resistance levels are broken or the momentum of the
market has intensified. It's not possible to always be online watching
FOREX. With Forex Breakout you will be notified instantly on any mobile device
or email address when the currencies
start to move. Why spend so much time
watching a flat market with no opportunities? Go live your life and let us
notify you when the markets move.
Forex Breakout gives you the information you need,
when you need it.
Why be alerted by Forex Breakout?
Timing is
everything. Getting into the market just as it is about to move makes for our
largest profits. Because of the many factors involved, it could take hours
before a currency starts to show any direction or movement.
Taking full advantage of
these opportunities requires attention to price movement, technical studies and
fundamental information all day long. The average person's lifestyle makes doing
this very difficult. Why spend so much time watching a flat market with no
opportunities - Go live your life and have us notify you when the markets move.
How does Forex Breakout alert me?
Alerts are sent to email addresses and
cell/mobile phones that accept email text messaging. Below is a
list of worldwide cell/mobile providers that support email text messaging.
AT&T
Sprint
Cingular
Verizon
T-Mobile
Nextel
Metro PCS
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PCS Rogers
Fido
Bell Mobility
Telus Mobility
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T-Mobile
Orange
Vodafone
O2
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If you don’t see your country or cell phone
provider listed above please send an email to us at
. Your provider may be able to receive
email text message and we are just unaware of it.
What do I do once I receive an alert?
When you receive an alert you have three
decisions to make:
1)
Ride the trend:
Look at your charts you will see either a strong buy or sell direction is taking
place in the currency you have been alerted to. Either trade the trend or
wait for a pull back to get into the market.
2)
Reverse it:
You may feel that the market is just "head-faking" and you may choose to
trade a reversal strategy.
3)
Do Nothing:
You may feel unsure or not want to trade. Sometimes it may be better to watch
and observe
Please note:
It’s not always as simple as ride the trend,
reverse it or do nothing. If you are interested in continuing your trading
education, we suggest taking a trading course such as the
FX Power
Trading Course. For more
information on the
FX Power
Trading Course, click here.
What currencies does Forex
Breakout monitor?
Forex Breakout monitors the most liquid
currencies being:
EUR/USD , GBP/USD , USD/CHF , USD/JPY , EUR/JPY , USD/CAD
What hours does Forex
Breakout monitor the markets?
Because of the
global nature of currency trading, the markets never sleep. The most liquid
hours of trading usually begin when the Asian markets open up,
through the European markets and into the United States markets.
Experience and history
have shown us that the biggest and most successful market moves occur between
5pm EST and 12:00pm EST (New York Eastern Standard Time). These are most
active hours
that Forex Breakout monitors the market, however if there is substantial
movement occurring during other times Forex Breakout may alert you – giving you
information when you need it.
How are the currencies
monitored?
Using
real-time live data, together with experience and a highly sophisticated set of
mathematical algorithms, Forex Breakout keeps a constant watch on the major
world currencies. Forex Breakout will let you know when support and
resistance levels are broken or the momentum of the market has intensified.
How many alerts a day
can I expect?
Generally, between
4 and 6 trade alerts are generated daily, although this can vary from day to
day.
Why is there no performance for Forex Breakout?
Forex
Breakout is not a performance based service. Forex Breakout is an information
based service giving you the information you need when you need it most.
What
is Announcement Watch?
For more information on Announcement Watch
click here.
How much does Forex Breakout cost?
Forex Breakout subscription costs less than $3 a day. The monthly
subscription is $79.95.
What is the cancellation policy?
Each billing period begins on the same day of the month
as your initial credit card charge; this is called your renewal day. Your credit card
will be charged monthly on your renewal day. The Forex Breakout monthly
subscription will be automatically renewed and billed each renewal day unless
you notify us to cancel at least three (3) business days prior to your upcoming
renewal day. Please send your cancellation request with your user name to
.
How do I signup for Forex Breakout?
Signing up is an easy online process. To begin, click here.
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