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What is the TVFX Trader Hub?
The “TVFX Trader Hub” stands for TradersVoiceFX Signal Management Hub. It is a central interactive Hub where you can manage your trading systems to mirror the effectiveness of your chosen trading signal service.
Example of a Flawed Trading System
Here’s a very common example of a recent system we reviewed that on the surface looked extremely profitable. It was accompanied by live account statements with impressive charts and graphs. This is designed to give you a great deal of confidence. Unfortunately, after 3 months of reported stellar returns, like most, after the market changed it’s cycle the clients lost the majority of their accounts in a very short period of time.
If you would have closely examined the strategy all would have become clear. The reason there were no losses in an entire month or more was due to the excessive stop loss, far out of proportion to the relatively small profits they were taking. The leverage (risk) on the trades were so seriously out of balance in proportion to the potential reward that one or two full losses would have devastated the account. But, that didn’t occur for a few months and wasn’t really an issue because this was a live Demo account!
This tactic is designed to get people overly excited and leads to very little or no testing before they go live. It can be a very expensive lesson!
What is Max Loss Cycle Safeguard?
Our “Max Loss Cycle Safeguard” is a proprietary method of determining when a particular trading system has run it’s profitable course and may be likely to begin a sustained streak of losses.
What is our System Review Checklist?
This is a checklist that we can be performed by our experienced staff on any signal service to see if it meets the minimum standards of our Hub. It takes into account the various factors of system viability and profit potential. Using this information can make the difference between success and failure.
What does Axis Financial Source, Ltd. have to do with TradersVoiceFX.com?
Axis Financial Source, Ltd. powers TradersVoiceFx.com and owns this website
What is a major discount”
Upon acceptance of your proposed signal service you may qualify for either a full or partial discount depending on the program.
What do I receive by using the “TVFX Trader Hub”?
You receive an interactive Hub to manage your trading systems. Your proposed trading signal service will be reviewed by our professional staff for potential profitability. Your MT4 platform is housed on our Dedicated Network Server at no cost.
Do I receive any on-going services?
Yes, your trading platform is housed on our dedicated trading network servers at no cost for the life of the account. Your trading platform is periodically monitored to best ensure all trades are executed to mirror your chosen trading system. You also receive our proprietary money management system.
What do I have to do to receive your service?
The only requirement is to open a $3,500 minimum trading account with one of our approved broker.
What broker can I use?
Currently, our primary broker is Divisa Capital, LP (Minimum Deposit $3,500). You can also use Windsor Brokers, Ltd. (Minimum Deposit $3,500) or FXCM UK and Advanced Currency Markets (Minimum Deposit $5,000).
What signal services can I use?
You can choose from our “Reviewed List” of signal services or any you are interested in for evaluation.
What is the “Featured List”?
Our “Featured List” is a list of signal services that have been reviewed by our staff and have been found to meet the qualifications and standards of our Hub.
How do I qualify for the signal service discount?
You must use the link on this website and request a signal service review. You may not be a current client of the signal service to qualify for the discount.
How will I receive my discount?
After 90 days of continuous subscription and receiving signals into client trading account with one of our approved brokers, client will receive payment via Money Booker. (For full details, see Disclosure)
How are we paid?
We may be compensated from the broker.
Are my funds safe?
All of our brokers are appropriately regulated in their respective jurisdictions. Please contact us for details.
I’m a U.S. citizen, can I open an account?
Currently, we are accepting U.S. citizens on a limited basis. Each individual investor must meet our specific qualifications of a “Knowledgeable Investor”.
Definition – Knowledgeable Investor: Capable of making his/her own investment decisions without the need of consulting an independent financial professional. He/she must also be comfortable with the risk of loosing significant amounts of your accounts that investing in the currency market can involve. We do accept U.S citizens with corporate accounts from other jurisdictions.
If I have a question about my account on the TVFX Hub, who do I call?
You may call the office Monday through Saturday, 10am-10pm ET.
What trading platform is used?
Meta trader 4
How are Pip Values Calculated?
A pip is the smallest increment in any currency pair.
In EUR/USD, a movement from 1.0066 to 1.0067 is one pip, so a pip is .0001.
In USD/JPY, a movement from 120.45 to 120.46 is one pip, so a pip is .01.
How much is one pip worth per $100,000 Dollars in EUR/USD?
1 lot is equal to $100,000.00 Euros.
How much is one pip worth per $100,000 Dollars in USD?
1 lot is equal to $100,000.00 JPY.
We will refer to the lot size, in this case 100,000 units of the base currency, as the ‘National Amount’.
The formula for calculating a pip value is therefore: (one pip, with proper decimal placement/currency exchange rate) x (National Amount).
Using USD/JPY as an example: this yields: (.01/120.46) x USD100,000 = $8.30 or $8.30 cents per pip.
Using EUR/USD as an example: we have (.0001/1.0066) x EUR100,000 = EUR 9.93.
But we want the pip value in USD, so we then must multiply EUR 9.93 x (EURUSD exchange rate): EUR 9.93 x 1.0066 = $10.00
This is in fact a phenomenon you will see with any currency in which the currency is quoted first (such as EUR/USD, GBP/USD, or AUD/USD): the pip value is always $10.00 per 100,000 currency units. This is pip (or ‘tick’) values in currency futures, where the currency is quoted first, are always fixed.
Approximate pip values for the major currencies are as follows, per 100,000 units of the base currency:
USD/JPY: 1 pip = $8.30; In other words, a change from 120.45 to 120.46 is worth about $8.30 per $100,000.
EUR/USD: 1 pip = $10.00; 1.0066 to 1.0067 is worth $10.00 per 100,000 Euros.
GBP/USD: 1 pip = $10.00; 1.5765 to 1.5766 is worth $10.00 per 100,000 Pounds.
USD/CHF: 1 pip = $6.87; 1.4555 to 1.4556 is worth $6.87 per $100,000.
What are the Major Trading Sessions?
The FOREX currency market is an integral part of the rapidly expanding financial, business and political landscape. The FOREX Interbank market has three sessions of trading.
The first begins Sunday at 7:00 P.M. NYT, which is the Asia session.
The second is the European session, which begins at 3:00 A.M.
The third and final is the New York, which begins at 8:00 A.M.
The majority of the trading occurs between 3:00 A.M. and 1:00 P.M. EST.
Trading During Economic or Geo Political News releases
In the case of significant economic releases, like non-farm payroll, there could be a significant gap from the price of a currency and the price immediately after. We saw a gap on the GBP/USD of 150 pips about three years ago. Basically, what occurs is right after a release all of the offers in the market go away from the current price. Banks can move their offers significantly from where it was prior to the release.
This was the case on Friday the 4th of August 2006. The Market reacted negatively toward the dollar and then the EUR/USD and GBP/USD jumped significantly. If someone has a resting order such as a buy stop or sell stop, those stop orders are activated and turn into market orders. Then they are filled at the current prevailing market price. A buy stop or sell stop is not a guaranteed order at a certain price.
It simply turns into a market order when it is activated and it is then filled at the current prevailing price. The actual fill on a buy stop or sell stop could vary significantly from the original order price during significant market moves or gaps or during an economic release like non-farm payroll.
What is a Margin Requirement?
Forex and commodity trading are always conducted on ‘margin’. This means that a cash deposit, usually much smaller than the underlying value of the currency or commodity contract, is required in order to trade. For example, a broker might require only $1,000.00 in the trader’s account in order to trade a $100,000.00 currency position.
The $1,000.00 is referred to as ‘margin’. This amount is essentially collateral to cover any losses that you might incur. Since nothing is actually being purchased or sold for delivery, the only requirement, and indeed the only real purpose for having funds in your account, is for sufficient margin.
Margin should reflect some rational assessment of potential risk in a position. For example, if a currency is very volatile, a higher margin requirement would normally be justified. One common rule of thumb is a worst-case one day move in the market. So, if a $100,000.00 currency position is unlikely to move by more than 1% (or $1,000.00) in a 24 hour period, a $1,000.00 margin requirement is probably reasonable.
If however the currency or commodity in question is highly volatile and is likely to move by, say, $3,000.00 or more (or 3%, as is often the case with certain NASDAQ stocks and some commodities) it would put the broker at an increased credit risk to require only a $1,000.00 margin deposit.
Note that margin available in your trading account is based on account equity, not account balance. The equity is the most accurate measure of the value of your account, as it takes into account unrealized gains or losses.
