While a basic understanding of the financial markets is always helpful in making decisions, it isn’t necessary for you to know anything at all about trading to use Opulent Bot programs. However, we are working to develop an extensive database of training materials for beginner, intermediate and even pro traders.

Your Opulent Bot will come with all the training materials you will need to understand how to connect your bot to your trading account, what settings may be adjusted and what each adjustment will do.

The entire setup process and each setting are explained in detail on our Quantum Docs site (https://docs.opulentbots.com)

This in addition to our “Office Hours” Zoom sessions and 1-on-1 Support Email Guidance will provide you with all the knowledge necessary to set up your Opulent Bot.

Your broker name and account number are necessary to create a unique license key for your Opulent Bot. Your key is directly tagged to your brokerage account and cannot be used on any other account. FOREX account numbers are not like bank account numbers. Your FOREX brokerage account number and investor password allow “read only” access to your account. They cannot be used to deposit, withdraw, or take trades on your account.

All payments can be completed using a valid credit card, Crypto (BTC), or bank wire.

Long story short - To some degree. Our algorithms are designed for different risk profiles and account sizes. Be sure to select an algorithm and risk profile that is best for your account size, goals and personal risk profile.

However, we do not offer anything specifically designed for small accounts, like $1,000. Accounts of this size are difficult to manage because lot sizes can only be reduced so far. So a $1,000 account will always run a higher risk of margining out because the account may be forced to utilize most or all of its capital just to open a single trade position, whereas a $10,000 account will only be using a portion of its available equity in any trade.

Your monthly maintenance fee keeps your Opulent Bot license active and covers expenses such as customer service and any ongoing updates we may elect to incorporate into your bot(s).

While we are not credentialed to provide investment advice, and do not in any way, shape, or form do so, we can and should say this:

Continually diversify your investments over time.

Systematically diversify your brokers, trading systems, and investments over time. Just because one system on one broker is performing well doesn’t mean you should go “all in” and let it ride forever. This will take time to do… if you’re a beginner, odds are you’ll be setting up only one account on one brokerage. That’s ok! But you want to have a plan in place to continually diversify.

Opulent Bots is dedicated to continually releasing the world’s best trading software. As we release new software, you will be notified. It’s a good idea to get several systems going on a few different brokers. Over time, you will then have 4 or 5 systems on as many brokers. This provides much better risk management than a single system on a single broker, where any issue with that one system or broker could cause you a significant financial setback.

One good strategy is once your initial starting capital has doubled (for example, $25K has grown to $50K), withdraw the initial investment (in this example, $25K) and reallocate it into another system on a different brokerage. Now your original account is trading “house money” and you have a second investment that is completely disassociated with the first. You are beginning to diversify. If you follow this process of reallocation, over time you’ll create a well diversified personal trading portfolio.

Wealth is not built overnight. People who advertise get-rich-quick schemes are doing just that: scheming. Wealth is built over time through consistency and continually increased diversification. If you’re consistent, you only need to maintain it and be patient; you will reach your goals. If you’re greedy, you drastically increase your risk. Create a planned method of operation for your investments that fosters consistent capital growth and increased diversification over time and stick to your plan.

Do not trade with money you can’t afford to lose. This doesn’t mean you should let fear stop you from taking any action at all, but it does mean you should act with diligence and care to protect your assets. If you have doubts about what is the right level of investment to make in your trading account, seek professional advice.

No. You keep 100% of your profits.