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Frequently Asked Questions

1. What is the primary purpose of MyAutoForex?

To publicly share the trades we make with our FOREX accounts by delivering real time trade information via email to our members.

2. What is the primary benefit of being a MyAutoForex member?

MyAutoForex members receive real time trades that we make in the FOREX market and can choose to make those same trades with their own trading account.

3. If I don't know anything about the FOREX market or have never traded any sort of instrument like stocks, will I benefit from being a member of MyAutoForex?

Yes. MyAutoForex offers complete details on what the FOREX is, how to set up a trading account, and how to place trades. The FOREX is a very simple market to get involved in.

4. Are the founders of MyAutoForex licensed traders or able to manage funds for others?

No. We have simply traded our own personal accounts in the FOREX market quite successfully for a number of years. We are not licensed to trade for others or manage trading accounts on behalf of others. We do not offer trading or investing advice to members. We simply publicly share what we are doing in the FOREX market.

5. What is the monthly fee that MyAutoForex charges and what do I get as a member?

A monthly fee of 49 is charged automatically each month on the day you initially joined. 49 translates into $1.93 a day which covers the real time trade picks delivery fee.

6. How do I set up my first trading account? Will MyAutoForex help me?

The process of setting up your trading account is described in the "FX Brokers" section of the main menu. Information on how to place trades from within your account is noted in the "Trading" section. MyAutoForex is always here to answer any questions you might have. Also, our recommended broker, FX Solutions, has superb customer support.

7. Does it cost money to set up a trading account?

There are no fees to establish an account with FX Solutions or most other brokers.

8. How much do I have to fund a live trading account with to get started?

At FX Solutions you can begin with a FREE demo trading account. This allows you to place real trades and watch your account activity without using real money. You can start a mini trading account for as little as $400.

9. How do I get my money out of my trading account?

You can withdraw any or all of your money and profits at any time and the funds are sent to your bank account automatically.

10. What percentage of MyAutoForex trades are profitable and how does this compare to "professional" traders?

Full time, experienced traders typically experience a 70% success rate with their trades. It is widely understood that 70% is a benchmark for any trader who wants to be the "best". Here at MyAutoForex we fluctuate between 50-70% depending on market conditions. It is critical to remember that while we expect to lose 30-50% of our trades, the "win 50-70% which generates very handsome returns.

11. Does MyAutoForex help me manage risk when trading?

When we place our own trades we manage our own risk very diligently. All of the specifics on each trade are sent to members in real time when we enter the trade. If you were to copy our exact trade on your own account, then we'd have to say you are managing risk very well.

12. How will I know when a live trade is closed or details of the trade are changed while it's open?

Each open trade that we post has a "Notify" box next to it. When a member ticks this box they are instructing the system to send them automatic email notifications whenever we alter a trade in any way. This could be an increase or decrease to the Stop/Limit, or even closing the trade once projections are met.

13. What if I miss any of the real time trade picks that were emailed to me?

It is important to "white list" our email address which is MyAutoForex . The process of white listing is different at most email providers such as Yahoo, Gmail, MSN, etc. The process usually entails adding an address to your address book or list of approved senders. Or, if our email ever ends up in your Bulk or Junk folder there might be a button you can select to say "This isn't spam" which causes future emails from us to always deliver to your Inbox.

14. What time of day are trade picks delivered?

It depends completely on when we see a trade shaping up and decide to enter it. While there are specific times of day which typically offer up better trades, over the years we have been able to locate profitable trades at all hours of the day.

15. Will the majority of the trades be short term or long term trades?

We usually always have one or more long term "position" trades open. These offer up tremendous profits over a longer period of time... typically weeks and often months. As the trade moves in our favor we are able to lock in profits along the way.

At the same time we are always watching the market for short term opportunities which typically involve us opening and closing trades with 24 hour periods.

16. Will new trades be posted daily?

We only post trades when we see them shape up in the market. Most of the time this occurs daily but there will be times where 24-48 hours could pass without new trades posted. However, there will typically always be open long term trades lasting days or weeks.

Trading is not gambling. Those who gamble, trying to find trades that truly aren't there, typically don't live to trade another day. We only go into trades that have a high probability of offering up profits based on technical analysis, the news, and patience.

17. Why does MyAutoForex prefer FX Solutions as their broker. What is a broker?

A broker in the FOREX market is simply available to connect buyers and sellers of currency. They also provide the software that enables you to make your own trades. There are many reputable brokers around the world.

We like FX Solutions for MANY reasons but we'll stick to the basics - superb customer support, excellent video tutorials, easy to use trading platform, and minimal fees per trade.

17. How do I become an affiliate for MyAutoForex?

Once you have a PayPal account go to the Profile section of MyAutoForex and enter your PayPal ID which is your PayPal email address. The moment you submit your PayPal ID we display your MyAutoForex affiliate URL and commission balance.

18. What commissions do I earn as an affiliate of MyAutoForex?

Every month that your personal referral remains active in MyAutoForex you earn a $14 affiliate commission. Your Profile displays commissions earned.

19. How do I get paid my commissions?

Commissions cycles end the last day of every month. At the first of the following month, as long as your commission balance is over US $40 your commissions will be paid to your PayPal account automatically. If your commissions are less than US $40 they will carry over to the next monthly cycle and contiue adding up. We only pay commissions via PayPal.