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Demo Accounts |
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Q: How long does the Concorde AutoTrader DEMO account last for?
A: Demo, or practice accounts have a 30-day limit. After the 30-day expiration you can apply for an extension of your demo account, if needed.
Q: Does the DEMO account have the same functionality as the LIVE version?
A: The DEMO account restricts the number of trades that can be placed and it also has only 1 mode of money management, not 3. Also, in DEMO mode, trades will not show the Stop Loss or Target Point to avoid signal misuse.
Q: Is there a cost associated with a Concorde AutoTrader Demo Account?
A: No, opening an Concorde AutoTrader Demo Account is absolutely free of charge.
OPEN DEMO ACCOUNT |
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Live Account |
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Q: Can I execute a manual trade in addition to autotrades?
A: In LIVE trading you are able to open manual trades in addition to autotrades. These will be labeled as %u201Cmanual%u201D in the System column on the autotrading software.
Q: How many signals can I choose from to trade in a LIVE account?
A: There are currently 100's of trading systems/pairs in the LIVE account version.
Q: Are performance figures realistic to what people are getting on their LIVE account?
A: There are many LIVE clients trading these systems, the performance figures are regularly checked to ensure they are aligned with LIVE trading account performance. |
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Performance |
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Q: Do the performance figures include swap values?
A: Yes, they include the swap rates.
Q: Why are some pairs showing less profit than other pairs with same number of pips?
A: This depends on the pip value of the currency pair in question.
Q: Which is the best system to trade?
A: This is left to the discretion of the client, Concorde AutoTrader provides comprehensive tools and trade history for a trader to make informed decisions regarding various investment choices, but this does not constitute investment advice.
Q: Since this is server based, how reliable is the technology? Is there server redundancy?
A: Concorde AutoTrader 's partnership with Tradency provides extremely stable technology, which includes backend server redundancy.
Q: How can I view my Concorde AutoTrader trades?
A: You can view your trading signals via 2 methods:
1 - A web-based viewer where you can access your account from any PC connected to the Internet, without the requirement to download any software. This means you can view your trades anytime, anywhere on any PC.
2 - Through the FXCM tradestation. (only in live accounts)
OPEN DEMO ACCOUNT |
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Fees |
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Q: What are the costs for the signals and trade execution? Are there any other charges?
A: Live account holders pay a 1 pip commission per round turn in addition to the broker spread. For example, $10 on 100k Standard-lot, $1 on $10k Mini-lot. There are no other charges for signals or platform rental.
Q: Does the performance figures include commission?
A: No, the performance does not include 1 pip commission per round-turn trade.
Q: When is the commission charged, at end of month or at the end of every trade?
A: The commission is applied when the trade is closed. |
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Money Management |
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Q: Can I set leverage with your platform, what if signal provider wants to buy $100k but I only want to open $10k?
A: 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. Without proper risk management, using a high degree of leverage can lead
to large losses as well as gains.
Q: Which Money Management methods are available?
A: There are 3 Modes of Money Management:
* Fixed Lot %u2013 Fixed Lot size per trade.
* Fixed Fractional %u2013 Fixed Account % Risk per trade on Principal.
* Fixed Ratio %u2013 Increases or Decreases lot size dependent on Account Balance.
Q: Can I trade various modes of money management in the same portfolio?
A: Yes, you can have Fixed Lot, Fixed Ratio, and Fixed Fractional settings in the same portfolio. Each chosen strategy can have its own unique money management settings.
Q: When I have an open position, what happens if I disable autotrading of a signal provider?
A: If you remove a signal provider from your portfolio, any open trades will be closed off when the close order arrives, but a new position to open will not be executed.
OPEN DEMO ACCOUNT |
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Signal Providers |
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Q: Can I trade any signals I like?
A: Only signals of providers integrated and listed on the Concorde AutoTrader platform are available to auto-trade.
Q: What does Max DD mean in the signal provider list?
A: It stands for Maximum Drawdown. It is the largest peak to valley drawdown for that particular strategy pair. This figure can be used for evaluating potential risk.
Q: Is there any way for us to know when new strategies are added?
A: One advantage of trading with Concorde AutoTrader is that you will consistently be updated with new strategies that emerge.
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Administration |
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Q: How do I get started, what is the process and how long does it take?
A: Open and fund an account with Concorde AutoTrader and you can be auto-trading in 24 hours.
Q: Can I stop autotrading at any time?
A: Yes, you can close all your positions and disable your portfolio instantly. You have the ability to completely control your account at all times.
Q: Can I manually close or change the stop-loss or limit values?
A: Yes, you can close or modify an auto-trade signal, however it will be readjusted again if a new modify order is placed by the signal provider after the client adjustment.
Q: Does the platform need to be connected to the Internet permanently?
A: No, all trade signals are executed on remote servers. Therefore, it%u2019s not a requirement to keep your computer running for trade execution on your account. The only times you are required to be connected to the Internet are when you initially create your portfolio and set your money management settings, to check on the performance of your account and adjust your portfolio as needed, and when you manually intervene in LIVE trades.
Q: Who has Concorde AutoTrader partnered with?
A: Concorde AutoTrader is a Referring Broker with Forex Capital Markets (FXCM), one of the leading Forex brokers.
OPEN DEMO ACCOUNT |
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Execution |
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Q: How do I know when a trade is opened and closed on my account?
A: The Concorde AutoTrader system will send you a notification alert to your email address, this alert can be forwarded to SMS if you are using an email to SMS supported email provider.
Q: Does your platform support multiple strategies in parallel?
A: For example, what happens if Provider A is short on EUR/USD and Provider B tries to place a long EUR/USD trade? The auto-trading platform will recognize signals from multiple signal providers and hedging is used when necessary.
Q: If I close an auto-trade, when the signal arrives to close the trade, will it then put me in a new open position?
A: 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.
Q: If I want to trade LIVE with Concorde AutoTrader what broker do I trade with?
A: Concorde
AutoTrader is a Referring Broker with Forex Capital Markets (FXCM), one of
the leading Forex brokers. .
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Performance and Results Disclaimer |
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*The FCM and the RB are compensated via the bid/ask spread.
Trading foreign exchange carries a high level of risk, and you can lose some or all of your investment. Past performance posted by Signal and Systems Providers (Providers) is not necessarily indicative of future results. No representation is made that any account is likely to achieve profits or losses as indicated. The composite monthly results are hypothetical. In reality, the results do not represent an actual track record of the methodology originator or of any subscriber to a Provider. This also means there is no guarantee that one applying these methodologies would have the same results as the hypotheticals posted. Since trading forex successfully depends on many elements, including, but not limited to, a trading methodology and the trader's psychology, our web site does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Tradency Inc. (Tradency), and its owners are not liable for any losses, monetary or otherwise, that result from published content. Please realize the risk with any investment, and consult investment professionals before proceeding.
DEMO trading and hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any forex trading account using any signals from a Provider(s) will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical forex trading performance results and the actual results subsequently achieved by any particular forex trading program.
One of the limitations of hypothetical forex trading performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical forex trading does not involve financial risk, and no hypothetical forex trading record can completely account for the impact of financial risk in actual forex trading. For example, the ability to withstand losses or to adhere to a particular forex trading program in spite of trading losses are material points that can also adversely affect actual forex trading results. There are numerous other factors related to the forex markets in general or to the implementation of any specific forex trading program, which can not be fully accounted for in the preparation of hypothetical forex trading performance results, and all of which can adversely affect actual forex trading results.
It should also be understood that hypothetical performance results may be posted on the website or given to third parties by other methods. Such hypothetical performance results have inherent limitations in that they have been prepared with the use of past performance, and past performance is no guarantee of future results. Performance can and does vary between individuals.
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