|
1) What is RMX?
RMX is a fully-automated 24 hour day trading system that exclusively trades in the Forex market at PFG. There are two available options for trading the system. 2) Is RMX still offered to Tradestation users?
No. Only through PFG and only through the MT4 platform trading in the Forex market at PFG is the system available to be traded to the public. 3) Can I open an account at PFG right away?
Yes. We ask that you contact Mr. Chu Galloway at PFG to get more information about RMX and to get started trading RMX. He can be reached at 312-775-3461. 4) What is the minimum amount of margin required to trade the RMX strategy?
A minimum of $5,000 is usually required to open a Forex trading account at Peregrine Financial Group. 5) What is the maximum amount of Lots that can be held at one time in a position for the basic system?
4 Lots maximum. 6) Does RMX utilize a stop-loss?
Yes. When trading the RMX system there are 2 stop-loss markers pre-programmed to protect profits and minimize losses. Markers are always positioned in the outer periphery of the system's grid both north and south. 7) Can the RMX system be purchased outright?
No. The system is only available for lease through PFG on a monthly basis. 8) How many lots does the strategy trade? Can I modify this? The strategy trades a 1 Lot for the first trade of the day and then trades in 1 Lot increments for the remainder of the 24hr session. Depending on margin requirements the amount of lots traded can be increased. 9) Will I be able to withdraw funds from my trading account once I am set up to trade the RMX system?
Yes. You always have complete control of your trading account. You can quickly withdraw or add funds to your Forex account at any time by contacting your broker with immediate instructions. 10) Will I be able to trial the system for 30 days?
Yes. There are two ways to trade the system at PFG, one way allows the customer to test trial the system for 30 days before the monthly leasing fee kicks-in. 11) Is the system available worldwide?
Yes. Even though the trading platforms are headquartered in Chicago, IL, the RMX system is available to users around the globe.
|
