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What do the Red and Green Lines Represent?

Aussie Rob’s Lifestyle Trader tracks “Supply & Demand”. To keep things simple, think of the Green line representing the “Buyers” and the Red line representing the “Sellers”.

When you have more Buyers than Sellers (Green line above Red line) in a market, the price should go up.

When you have more Sellers than Buyers (Red line above Green line) in a market, the price should go down.

The Forex market trades round-the-clock. What do you base your daily “close” on?

We base our “close” on the prices of 5:00pm US EST

What do you base your “open” on?

We base the following day’s “open” on the price of the first trade that occurs after 5:00pm US EST.

Why does it take over an hour from the close to the time the charts update?

During that time, we acquire our data from our data suppliers and then our programmers run several computer routines to create our red and green lines. This information is then uploaded to our servers and is then ready for you to download to your computer.

How do you trade it as the prices would more than likely have moved?

Yes, the prices probably have moved. Sometimes you might get a better price than the “open” and sometimes you might get a worse price.

When I am paper trading, do I enter at the close or the open price?

We always enter our trades using the most current, recently traded price, which is the current close price. So use the current close as your entry price as well as the close price for everyday trading after that.

When I update my paper trading spreadsheet each day, which price do I use?

You use the “open” to open a trade and then use the “close” each day to calculate your running profit/loss.

Where can I find the Commodity and Forex paper trading spreadsheets?

Visit www.lifestyletrader.com.au > Login to the members area > Click on Downloads tab

Trading Forex in Australia, what time do Forex markets close on the weekend and when do they re-open?

Forex markets open 7:15am QLD time zone. Note: Forex trades around-the-clock so we base our “close” on the prices at 5:00pm US EST. We base the following day’s “open” on the price of the first trade that occurs after 5:00pm US EST.

How much is the Forex Software

Please contact our Sales Department on 1300 223 799

When your in a forex trade and you get a dotted line cross do you get out if the cross is the same direction as your trade

The dotted line is still a valid exit signal if already in an open trade, however if it is a dotted cross it is not a valid entry signal.

Who are your preferred brokers?

Our preferred brokers are Interactive Brokers

What is the best time of day to trade Forex?

As close to the software update as possible, which is around 8:30am EST

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Please be aware that all trading and investing activities are subject to the usual market fluctuations that may result in gains and losses. Trading leveraged instruments such as options, commodities, and foreign exchange carries the risk of loss. Trade only with funds you can afford to lose. No representation is being made that users of our software will generate similar trading profits. The results provided on this website are not necessarily indicative of trading results that may be experienced in the future. Lifestyle Trader does not take into account the investment objectives, financial situation and individual needs of any particular client when providing general trading advice with the Lifestyle Trader software. Before making an investment or trading decision on the basis of any information provided by us, you need to consider, with or without the assistance of a personal financial adviser, whether the advice is appropriate in the light of your own investment needs, objectives and financial circumstances." Lifestyle Trader Pty Ltd ABN 49 106 041 918 is an authorised representative 286345 of Lifestyle Investor Services Pty Ltd - ABN 27 120 224 482 AFSL 325184.