Q. Why Forex trading?
A. Forex traders have
24-hour access to a market with superior liquidity to all the equity markets
in the world combined, providing the flexibility to trade the Asian Pacific,
European and/or U.S. trading sessions. Plus you can trade from home, your
office or virtually anywhere in the world and receive rapid, accurate trade
execution (under normal market conditions). FX dealers offer commission
free trading (cost of the spread only) and substantially exceed the common
2:1 margin offered by equity brokers or 15:1 margin of the futures market,
with most offering up to 100:1 leverage. Leverage is a powerful tool, and
without proper risk management a high degree of leverage can lead to large
losses as well as gains. In Forex you can familiarize yourself with a few
currencies or many and trade on short term volatility or the longer term
trends. Plus trading the major currencies provides more security then any
company or commodity can offer. Once you experience the freedom of trading
Forex, it is hard to accept the restrictions placed on all the other tradable
Q. When can I begin
A. You can begin immediately
after your email is received. Upon receipt you will be given a software
so you can immediately download our charting software with all necessary
indicatore and instruction manuals and begin watching the forex market
in real time. The system is designed so you can open trades on each
signal simultaneously at the current market prices. You will also be given
instructions on how to download your own free demo account to place practice
trades immediately using the 100% automated signals from the robot.
Q. What forex broker
should I use?
A. Please pick up a free
forex broker selection report by clicking here.
Q. How much money
do I need to start trading?
A. This depends on the Broker
you decide to open your account with. Typically, a micro account can be
opened with as little as $100. Obviously, you can open your account with
any size balance and trade much more if you would like.
Q. What kind of
connection do I need?
A. Although it is possible
to successfully trade and monitor your charts using a regular phone line
connection, a high-speed connection will allow you to search through your
charts for trade signals much more quickly & easily. Three recommended
high-speed Internet connection services are Cable, DSL, and ISDN (where
available). Call your local TV Cable or Telephone Service Provider for
pricing and availability in your area.
Q. What about the price
of the software?
A. Most trading courses
are sold for between $2000.00 to 4000.00 dollars and do not provide any
chartings services, live data fees or trade signals (let alone 100% automated
ones). Most data services charge anywhere from 100.00 to 250.00 per month
just for the data feed alone.
Eracash provides everything
you need for FREE to get started immediately
to begin making consistent money within minutes of receiving your package.
Q. Do I need to
have any specific academic background in order to be successful?
A. Not at all. Successful
active traders come from many different professions. Unlike manual trading
systems where you have to practice for many hours a day and stay up all
night and up through the early morning hours when the large Banks are starting
out there work day you will have the luxury to stay in bed knowing that
the robot is opening and closing your trades 100% fully automatically.
Q. How much money
can I make?
A. In FOREX trading, you
can leverage your trades up to 200-400 times the equity in your account.
Due to this potentially high leverage, FOREX trading can be a high-risk/high-return
Q. How is Forex trading
different from traditional securities and stock trading?
A. In general, Forex trading
is usually a short-term investment strategy in relation to other investment
vehicles. Trades may last a few minutes to several days with a short-term
strategy or several months to several years with our long-term strategies.
With a short-term strategy, the goal is to predict relatively small short-term
moves in the market, compared to long-term growth investments like stocks,
mutual funds, bonds, or long-term notes that may be redeemed at a future
When comparing Robot with
long-term strategies to other markets, the biggest difference is that in
Forex trading, you can earn daily interest on your open positions based
on your leveraged trade volume while most other markets don't pay you any
interest at all on your open trades. Over the course of a few years, this
interest can accumulate to hundreds of percent depending on the interest
rates and how much you are leveraged. For example, if you have $10,000,
you could open 10 trades of $100,000 each ($1 million total trade volume)
and earn daily interest on each of these open trades for as long as your
trades are open. It's not much different than if you had borrowed $1 million
(interest free on your end) and deposited the money into foreign banks
around the world to collect interest. Your risk is the exchange rate between
the currencies you bought and sold but the interest is 100% predictable
and guaranteed. If the average interest rollover rate per trade is 4% per
year on $100,000, then your return in interest alone would be $4,000 or
40% on your $10,000. This is before any profit or loss is taken from your
trade positions as a result of currency appreciation or depreciation. In
addition, holding your money in multiple currencies is a great way to diversify
Q. How high are
the risks in Forex trading?
A. The risks can be high
but so can the rewards. Forex traders around the world are competing against
other Forex traders, banks, and institutional traders who are seeking the
same potential rewards from their own trading activities. Money management,
discipline, talent, and a lack of emotion are traits you will want to develop
in FOREX trading.
Q. Can I start part-time
from my home or office?
A. Yes, this is highly
recommended before committing to full time trading.
Q. There are many Forex
trading systems. What separate's Eracash Robot from the others?
A. What separates EracashRobot
from other Forex trading systems is a combination of expertise, honesty,
technology, extensive testing, automated trading and a product that delivers
simple tools to effectively develop a trading strategy that you can back-test
and verify for yourself. The Eracash Robot Software has a back-test feature
which allows you to back-test our automated trades. In addition,
we always clearly state how our performance numbers were derived (which
returns were generated by back-testing historical data and which were generated
in real-time). We have yet to see any other 100% fully automated robot
perform as well and consistent as the EracashRobot.
Q. Do I need a browser
to run the Eracash Robot?
A. No! The charting software
is downloaded to your hard-drive and opened from your computer. When you
are running the charting software, you are connecting directly with the
data-feed server and do not need to connect through web browsers which
may slow some applications.
Q. Is there any special
experience needed before becoming a Forex trader?
A. No, but any experience
in the market would be advantageous. Familiarity with any kind of trading
is helpful. The better your background, the easier it will be to get started.
Q. How soon can I start
A. The typical timing
from the time you sign up to the time you actually take your first real
trade varies from individual to individual. You can begin trading on the
live Demo account the same day, however, if you are a novice trader, you
should not begin trading real money until you have completed at least 2
to 4 weeks of profitable trading on a demo account. By then, you will have
become comfortable with our software and developed a "feel" for the market
so you will have the confidence to enter your trades without second guessing.
Q. What equipment do I
A. A Pentium 1 Computer
or better running Windows 95/98/2000, ME or XP with a 56k bps modem or
faster. Right now the charting software does not support Apple or Linux.
You will also require a connection to the Internet, preferably high-speed
such as Cable, DSL, or ISDN, however dial up will work.
Q. What is live demo account
A. A live demo account
looks and acts just like a real trading account except it does not contain
any real money. It is set up with "play" money for the purpose of practicing
& sharpening your trading skills within real market conditions without
risking any of your own real money. If you are a novice trader, we recommend
that you trade on a demo account until you have had at least 1 or 2 consecutive
profitable months in a row. This is our way of being responsible to you
and it's a vital and essential part of the learning process. Instructions
for establishing a demo account are detailed on our website
Q. What are my expected
A. Individual results
can vary greatly between each trader. There are many factors which may
affect a trader's individual performance. Such factors include but are
not limited to: the currency pair or pairs traded, the level of aggressiveness
and the number of trades taken, the amount of leverage used, the amount
of available margin in an account, the style of trading, how you use a
trailing stop-loss, the amount a trader risks per trade vs. the amount
of attempted profit, the trader's level of understanding and application
of the software, signals & instructions, a trader's overall experience,
skill, emotional control, internet connection, etc.