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Frequently Asked Questions

What are the strengths of ForexScanner software as compared to other forex software on the currency market?

1. ForexScanner and its core indicators have been successfully time tested for more than five years under all market conditions. We use our software every day to trade the forex. Many other software programs are new to the market and perform extremely bad under changing market conditions.

2. ForexScanner indicators are universal indicators. They work for any currency pair. Many other software programs are only used for specific currency pairs. These programs can be optimized and tweaked and fine-tuned to show the very positive historic performance in back-testing reports. These programs will break when they are used to trade the on-going market. The key for successful trading software is its ability to be applied universally.

3. Our software is user friendly and programmed for Metatrader 4 which is free for use. No data fees to pay with us. Many other firms charge you up to $350 for charting and data feeds.

4. ForexScanner software will not change the indicator signals after the bars are closed. Most software on the market will change the historic indicators signals to mislead their customers.

I Have A Full-Time / Part-Time Job... Can I still use ForexScanner to trade forex?

Yes. You can always base your trades off longer time frames such as the Daily or the Weekly charts. Then, you will need to check your charts only once per day or once per week. You will get fewer trading signals, but those signals you do get will carry much larger profit targets.

ForexScanner can benefit a wide range of forex traders, these include short term, mid-term and long-term traders. Advanced traders can also use our system as an additional trading tool - second opinion that can further reduce their trading risk.

Does ForexScanner software work extremely well for certain currency pairs?

No. Our universal forex trading system will work for all currency pairs and not for example, the GBPUSD 1 hour chart only. Since the software work for all currency pairs, it is not possible to curve-fit the data to come up with unrealistic results. Beware of the curve-fitting possibility if you see a forex system that performs very well for a specific currency pair and time interval.

How do FIFO NFA rules influence ForexScanner Quantum Elite trading?


Nothing changes. ForexScanner does not use any HEDGING strategies, so hedging rule is not applied. The system opens only 1 trade per currency pair, so FIFO rule is not applied here as well.

I am completely new to the world of forex trading. Is ForexScanner easy to learn and use?

We designed this software so that colored arrows and sound alerts are very easy to understand and interpret. You will receive signals instantly as they happen. However, we don't want to give you the false impression that this software will help you make money on autopilot. Forexscanner requires patience and self discipline. Always open a demo account first and practice our signals before you apply them to your live trading account. There are many scams to fulfill "the lazy man's dreams of getting rich fast". Please be aware. There's no holy grail in forex trading.

Do you have a user manual or guide for the Forexscanner trading software?

Yes. We send our manual along with everything you need to get started. The ForexScanner guide contains detailed instructions on how to set up the system and how to trade it with lots of examples.

Will ForexScanner run on both 4 digit and 5 digit forex brokers?


Yes. ForexScanner automatically detects whether the broker uses 4 or 5 decimal places for currency pair quotes.

Will your software work on Windows 7?


Yes. It works on windows 7 without any problems.

Why do you offer a 15-day/3-month trial?

We offer a 15-day/3-month trial because it's is the best way for currency traders to learn how to use ForexScanner. In 15 days/3-month, we find that most of our users see for themselves the strength of ForexScanner through their uptick in results. Once you have evaluated the product, you can buy or subscribe to it.

What's included in the 15-day/3-month trial?

Our 15-day/3-month trial lets you trade ForexScanner with full access and offers you the chance to learn our trading system in detail. The software available as a 15-day/3-month trial is fully functional software with all the necessary documents, downloads and support resources.

What happens when my 15-day/3-month trial ends?

The trial will terminate by itself at the expiration of the 15-day/3-month license. Then, you will need to upgrade to a monthly subscription or to buy Forexscanner.

How much does a subscription to ForexScanner software cost?

The cost of a monthly subscription to ForexScanner is €77 Euro's. We do not automatically re-bill your credit card. If you wish to continue your subscription to ForexScanner after your current subscription expires! You need to re-subscribe every month: with Forexscanners.com, you have no long-term commitments.

Can I purchase ForexScanner for a one-time payment?

You can buy a Forexscanner lifetime license for a one time payment of only € 497. Let’s face it - most forex traders blow through thousands of dollars in just one week, because they don’t know how to trade properly. There are no additional monthly or yearly fees to use the software. Software upgrades are free!

Do you offer customer support for your product?

Sure. We're committed to giving you the excellent support you deserve and you can be confident that we'll be there when you need us.


Legal Warning

Forexscanners.com is the only company authorized to sell Forexscanner systems.  Any other vendor offering Forexscanner is selling pirated (stolen) copies.  WARNING: Do not buy or install pirated copies of Forexscanner.  They do not work, are outdated and may contain spyware and virusses. So, in the end you will lose money!