Frequently asked questions

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01

What is this program about?

CopyTrader.net gives you Forex market signals.

Forex market is a worldwide currency exchange market available online (through Internet). Using it you can exchange currencies and earn money on it. For example you can exchange online 100 US dollars into Euro currency and then, after several minutes convert them back into US dollars. If in this time the value of the Euro currency went up against US dollar - you can earn a lot of money! So the only thing you should know is which currency to buy and which to sell.

We tell you exactly which currency pairs to trade, how you should trade them in a given moment and when you should quit the trade. Then, you don't have to think anymore -- all you have to do is to click the "BUY" or "SELL" button in the trading platform. If you are not familiar with Forex market, we will tell you exactly what to do -- inside the Members Area you will find a step-by-step Video tutorial showing you how to make money using our signals. All you need is access to Internet at least once a week. Several minutes is enough.

We have 3 strategies available: Intraday, Daily and Weekly.

With Intraday Strategy you can trade up to 6 times a day, with Daily Strategy you can trade once a day and with Weekly Strategy you can trade once a week. If you have no time -- use the Weekly one. If you want to be an aggressive trader -- use Intraday Strategy or the Daily one. Everything is presented in easy way and in the Members Area you can find a huge Manual section with step-by-step Video Tutorial and theoretical background (if you want to know more about trading).
02

Is this legitimate business? Is it legal?

Yes, of course. It's 100% legal.
03

Are there any hidden fees?

No. There are no hidden fees. For $4.95 you will get a 3-days trial membership and use our strategies without any limitations. In this time you can make a lot of money simply by following the signals. After 3 calendar days, the membership cost is $99.90/month. The cost of the memberhsip does not include money for trading -- in order to trade you have to fund your brokerage account separately. Brokerage accounts start with as low $1, but the actual minimum amount depends on the particular broker.
04

How much I have to invest after I order your program?

Due to high leveraging (even 400:1) you don't have to have lot of money. Some Forex brokers will allow you to trade with as low as $1 which can work for you like $400. But of course all you have to have is $1 (yes, ONE DOLLAR) in this case.
05

Why this program is better than others?

Most companies or authors will by trying to convince you, that you should use their "systems". They are describing systems in their e-books and tell you to compute everything by your own. Of course it does not work. The one and only method which work for everybody is using already prepared signals. Then you don't have to think anymore - just read the signal generated by our software and use it. It's absolutely brainless method and that's why it's the best one.
06

How will you pay me?

Forex brokers pay money directly to your bank account. You can have a bank account anywhere in the world. It doesn't have to be denominated in U.S. dollars - you can have account denominated in your local currency. The best point is, that you can withdraw money anytime you want. Even every day.
07

When can I start earning money?

As soon as you join us.
08

Is this working in ANY county in the world?

Your geographical location does not matter -- as long as you have access to the Internet.
09

Should I have a website or my own computer?

No, you don't need a website or your own computer. You can even use a computer in library or internet cafe. It does not matter.
10

Will you really give me my money back, if the program doesn't work?

Yes. Our official return policy is as follows:

We will, at our option, replace or repair any defective product within 8 weeks from the date of purchase. After 8 weeks all sales are final.
11

Is the membership recurring one?

Yes. As stated on our payment page, for $4.95 you will get a 3-days trial membership and use our strategies without any limitations. In this time you can make a lot of money simply by following the signals. After 3 days, if you are satisfied and still wish to stay with us, the membership cost will be $99.90/month.
12

Can I cancel my membership anytime?

Yes, of course - you can do it anytime! It takes 24 hours to process your cancellation so you must cancel it at least 24 hours before end of current membership period to let us process it before next re-billing.
13

What will happen after I pay?

After you pay, you'll be redirected to the form where you will create your username and password. Then you can login to the Members Area. In the members area you should first read the short manual on how to use our signals. You can also watch the step-by-step video tutorial. Then you can start trading. In the Account Settings you will need to set when you want to receive your signals. Then you will login at the time you chose and enter trades. Everything is described in the Manual, shown in the Video - it's really easy. You can trade with the Forex broker you already have (our signals are compatible with all brokers in the world) or set up an account with one of our recommended brokers. In the Members Area we list the broker and it's a matter of minutes to set up an online account with them.
14

I'm not really good with computers, Internet, and such. What skills or knowledge do I need to use your program?

Absolutely no special skill are required. Anyone who has a PC with access to the Internet and basic knowledge of English can start earning money now. In any country in the world.
15

I'm a beginner in the world of online money making. Will your program work for me?

Our members area contains everything you need to trade on Forex. You don't need any experience.
16

What is Forex?

The Foreign Exchange market, also referred to as the "Forex" is the largest financial market in the world, with a volume of about $2 trillion a day. It also trade 24 hours/day.
17

Why should I trade Forex?

Forex trading is attractive because it offers unparalleled freedoms. You can live almost anywhere as long as you have access to the internet. Forex trading allows you to work from home or even trade while traveling! You decide when to trade and when not to. Best of all, it has a minimal time requirement.
18

What is traded on the Foreign Exchange?

Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example EUR/USD. Currency is held in an online account through an electronic broker.
19

What is a Pip?

A pip is the smallest price increment in Forex trading - pip stands for percentage in point. Prices are quoted to the fourth decimal point in the Forex market, except the Japanese Yen (JPY) which is quoted only to the second decimal point.

Example: If the EUR/USD bid price rises from 1.4500 to 1.4501 this represents an increase of 1 pip.
20

What is the value of a Pip?

It depends on which currency pair you are trading, but for most pairs 1 pip equates to around $1 in a mini account, and $10 in a standard account?
21

What is margin (leverage)?

Margin allows you to control a much larger total contract value with just a small deposit. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. For example, Forex brokers offer 400 to 1 leverage, which means that a $100 dollar margin deposit would enable a trader to buy or sell $40,000 worth of currencies.
22

What is a Stop-Loss?

A stop-loss order is an order type whereby an open position is automatically liquidated at a specific prices you set. This is used to minimize exposure to losses if the market moves against your position.
23

How exactly do you generate your signals?

Our forex signals are generated through an evolving cyclical model that uses highly complex algorithms generated by advanced computer software. The computer model looks at the behavior of large groups of people over a given time and applies it to the financial markets.
24

What currency pairs do you trade?

We currently produce daily signals for 18 currency pairs: USD/CHF, USD/JPY, USD/CAD, NZD/USD, EUR/CHF, EUR/JPY, GBP/CHF, EUR/AUD, XAU/USD, GPB/USD, EUR/USD, AUD/USD, CHF/JPY, EUR/GBP, GPB/JPY, EUR/CAD, AUD/JPY, XAG/USD.
25

Do you use a Stop-Loss?

Yes. CopyTrader always use a stop-loss to safeguard our positions in case the market moves against us. We tell you beforehand how many pips you should set for your stop-loss for each pair/signal.
26

Is this system 100% mechanical?

Yes. All that is required on your end is to be available at the times we give to execute your trades. There is no need to evaluate or make subjective decisions of where/when to enter & exit trades. We give you the exact entry & exit times and a stop-loss amount with each currency pair.
27

What is the best way to trade your signals?

Our system was developed to minimize the time needed to be successful in the Forex market. There is no need to sit in front of your computer monitoring your trades. It is important that you follow the instructions carefully of when to enter a trade and when to exit that trade. Our model is based on predicting pivot times in the market. This is why we don't offer any price level data. Simply log in to to members section each evening to see the signals issued for the next day. Make sure that you are able to be around at the times specified to open/close your trades.
28

Can I pick which pairs I trade or do I need to trade them all?

You are welcome to pick which pairs you would like to trade, but we recommend sticking with those pairs and trading every signal that comes out for them for at least 1-2 months. This will help balance your trading account and ensures that you don't miss out on profitable trades for the pairs you are trading. For maximized diversification, we recommend trading all of the pairs.
29

What if I'm not available to open/close the trades at the times specified?

If this is the case, just skip those trades and trade the signals where you know you'll be available to open/close your positions. We do not recommend opening/closing trades at different times than the times specified by our system.
30

Can I close my trade before the specified closing time if I am in good profit?

You can but we don't recommend it. Many times we will be in profit over 100 pips only to have the trade go to over 150 sometimes over 200 pips by the time the specified closing time comes. It is for this reason that we recommend sticking with your trades till the specified closing time. (Your results may vary, perhaps negatively, if there is a deviation from the signal timeframe. No guarantee is given that your results will be identical to the signal results as they do not take into consideration the spread or execution.)
31

How is your system fairing compared to the forex robot trader type systems where they trade automatically with Meta Trader 4 platform?

Enter your answer here
32

How is your system fairing compared to the forex robot trader type systems where they trade automatically with Meta Trader 4 platform?

First, MT4 systems work only on MT4, while the CopyTrader.net service is not limited to any particular platform. Second, MT4 EA's are based on pure mathematical formulas (mostly they are combinations of simple and exponential averages). CopyTrader.net is a self-learning system based on neural networks and genetic algorithms and as input it takes a lot of parameters (such as the day of the week, part of the year, other currencies prices, gold price, oil price, holidays, etc.). MT4 EA's can't do it (or maybe they can, but they don't as it's a very complicated schema requiring a high computational power, which is impossible to obtain on a home PC). EA's usually take in account only the history of the given pair and that's all. We believe that the market can't be described with such a simple math model with one parameter only. It's a non-linear system like weather or flowing water.