Frequently asked questions
The UPKingbot company forms a knowledge base that is constantly expanded and supplemented. Here you can find answers to the most frequent questions, and thus increase your own level of awareness of the peculiarities of trading and investing in financial markets.
What is a trading account?
A trading account is a personal account of a trader/investor, into which personal funds are deposited by a client of a brokerage company. It is intended only for trading operations on international financial markets. You can familiarize yourself with our partner brokers in your personal account.
What is a balance (Balance)?
The balance sheet is the aggregate financial result of all closed transactions on the trading account, both profitable and unprofitable, which are reflected in the balance sheet. The balance takes into account both the investor's own funds and the profit received as a result of trading by the UPKingbot robot.
What are means or equity (Equity)?
Equities are free funds on the investor's account, available for trading by the UPKingbot robot. In the MetaTrader4 trading terminal, the equity value is displayed below the graph along with the balance, margin, free margin and margin level. When UPKingbot opens a deal, the equity can become larger or smaller by the amount of the financial result of the deal. Therefore, equity takes into account the balance of the account and the financial result of the trading transaction, both positive and negative.
What is a margin (Margin)?
Margin is the collateral required when using broker leverage. This is the amount that is frozen in the trading account until the position is closed. The UPKingbot software code is written in such a way that it has built-in restrictions on opening transactions on margin, this allows you to control risks without disturbing money management.
What is free margin?
Free margin is the free funds of the client of the brokerage company, located in the trading account, which are not used as collateral in transactions on the financial market. Can be involved in any transactions, including withdrawal or opening of new deals. Free margin is the difference between equity and margin.
What is the margin level in the financial market (Margin level)?
The margin level (margin level) is the ratio of the trader/investor's funds to the margin, which is expressed as a percentage. The margin level shows the current risks, allowing them to be prevented. The higher the level, the safer the trading on the account. The trading robot UPKingbot trades according to the rules of money management, maintaining a high level of margin on the investor's account.
What is the international currency market (FOREX)?
The international foreign exchange market (forex, FX or foreign exchange market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include major banks, central banks, currency speculators, corporations, governments and other financial institutions. The average daily volume on the global currency and related markets is constantly growing. The average daily turnover is more than 10 trillion US dollars.
What is a trading robot, an advisor (Expert Advisors)?
Expert Advisors are programs that run on the MetaTrader4 (MT4) platform and are used to monitor financial markets and trade them using algorithms. They find opportunities based on your parameters and then either notify you or open the position automatically.
What type of trading software should I use to work with UPKingbot?
UPKingbot can work with all Metatrader4 (MT4) trading platforms. MT4 can be found and downloaded from most brokers' websites. It is free.
I have no experience with Forex robots. Are they easy to use?
Yes, they are easy to use. UPKingbot is based on next-generation technology that allows you to install, run and start earning money in just a few clicks. You don't have to be a professional. Everyone can do it.
What do I need to start earning on the foreign exchange market?
You need to open and fund an account with a broker. You can familiarize yourself with the brokers in your personal account. Then contact us and follow the instructions.
Do you offer free upgrades?
Yes, we offer free updates to our robot. Our development team is always working to improve UPKingbot and make it competitive in the market under real market conditions.
Does the robot trade every day?
Yes, the robot trades every day 24 hours a day except weekends (Saturday and Sunday). If there are good conditions for trading (buying or selling), UPKingbot carries out trading operations. In the absence of good conditions, the robot will wait for the most appropriate moment to open an order.
I don't have much money. What is the minimum amount needed to start trading?
We know that money is the main issue. We know very well that many people do not have a lot of money to start a business. Our robot is designed for trading with a minimum deposit amount. The minimum amount depends on your brokerage. You can start trading with a small amount, for example, from $300. But don't forget that trading in small amounts can be a disadvantage because you will only be able to trade in small amounts in the market. The recommended capital is $10,000, of course you can test it with a small amount first.
Do you provide customer support?
Of course, we provide customer support. You can contact our support service through the website form. If you have any questions about our work or our website, please do not hesitate to contact us.