OmniForex is a service that provides users with indications as to when it is a good time to buy or sell on the foreign exchange market.
How does OmniForex Signals work?
OmniForex provides users with signals that recommend the timing of currency trades. The signals are identified by a sophisticated set of computer algorithms. The user can simply follow the instructions to buy or sell a particular currency pair using a forex platform.
How often are the Signals generated?
Currency traders normally specialize in one of three trading frequencies: intraday (i.e. up to 6 trades in a single day with no positions left open overnight); daily (i.e. one trade per day); or weekly (i.e. one trade per week). Users can select which strategy they would prefer depending on the amount of time they are able to spend on their trading, as well as their personal investment style.
What does it cost to use OmniForex?
OmniForex is a subscription service - beyond the stated membership fees there are no fees to be paid in order to use the service. Users are invited to try the full-featured service for an initial 3-day period for $4.99. After the trial period has ended, the monthly membership is $99.90. This cost does not include money for trading or brokerage services.
How much money do I need to use OmniForex successfully?
It depends on the amount of leverage made available to you by your Forex broker as well as the minimum trading amount. Some brokerages will allow you to use a high level of leverage (up to 400:1) so for every $1 that you invest you will be exposed to market movements as if you were trading with $400. What's more, some brokerages will allow you to start trading with as little as $1. Yes one dollar.
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