Frequently Asked Questions
Got Questions? We’ve Got Answers!
Forex (Foreign Exchange) trading is the process of buying and selling currencies to profit from price fluctuations. It is the largest financial market in the world, with over $7 trillion traded daily.
Forex trading involves speculating on currency price movements. You buy one currency while simultaneously selling another, aiming to profit from the exchange rate changes.
A currency pair represents the two currencies being traded (e.g., EUR/USD). The first currency (EUR) is the base currency, and the second (USD) is the quote currency. Therefore, we use "EURUSD".
The spread is the difference between the bid (selling) price and the ask (buying) price of a currency pair. Brokers make money through spreads.
A stop-loss order automatically closes a trade when the price reaches a predetermined level, helping traders limit losses.
A take-profit order automatically closes a trade when a specific profit target is reached, locking in gains.
We trade from 6:00PM to 1:00AM (Central Time Zone) everyday from Sunday to Friday.
Forex is short for Foreign Exchange, meaning the global market for trading currencies.
No, but it can be if you trade without a strategy. Successful Forex trading relies on analysis, discipline, and risk management, not luck.
No. While Forex offers profit potential, there is no get-rich-quick scheme. Profitable trading requires education, experience, and proper risk management.
No. Anyone can trade Forex with proper learning and practice.
Yes! You can trade using the MT4 or MT5 mobile app, as well as broker apps.
You can practice on a demo account (virtual money), but for real profits, you need to fund a trading account.
You can disconnect from Signal Start by Myfxbook at any time—you are always in full control.
Yes! Our signal service ensures that your account mirrors our trades 1:1.
When you sign up for our signal service through Signal Start by Myfxbook, your account will automatically copy our trades in real-time. You handle your own broker account setup, deposits, and withdrawals—we simply provide the trading signals. You remain in full control at all times.
No experience is necessary. Our service is designed for both beginners and experienced traders who want a hands-free trading solution while still benefiting from professional Forex strategies.
We use IG.com, a regulated and trusted Forex broker. You will need to create an MT4 (MetaTrader 4) trading account with IG.com after creating the broker account.
Yes, however, we do recommend working with IG.com to ensure smooth trading signals. This is because other brokers can have different spreads and etc.
Yes! Your trading account is 100% under your control. We do not have access to withdraw, deposit, or modify any account details.
While past performance does not guarantee future results, our strategies are designed for steady, long-term growth. Forex trading carries risk, but our risk-managed approach aims to deliver consistent, sustainable profits over time.
You can log into your MT4 trading account at any time to see your trade history, open positions, and overall performance.
Signal Start by Myfxbook will send out invoices.
Yes! We never have access to your funds. Your money remains in your personal broker account.
Yes! Since your funds remain in your personal brokerage account, you can withdraw money whenever you choose—our service does not restrict you
Yes! Our referral program allows you to earn $5 of commission. As long as your referral remains active, you continue to earn passive income.
Simply have them sign up and send us an email at admin@4xprecision.com with your information and the referrals information (name and email).
3 Month Satisfaction Guarantee – Stay subscribed for three months, and if you choose to leave at the end of the third month, we’ll reimburse you for three months of our subscription fee (Signal Start's subscription not included). *Email us with proof for refund*
All trades follow a maximum 2.5% risk per signal, meaning even in the worst-case scenario, losses are minimized. Additionally, every trade has a stop-loss to limit risk exposure.