If you are new to Forex Trading and don’t have a ton of time to research or learn the ins and outs of this highly specialized industry: you are going to want to get the Best Forex Signals out there.
Now, with that being said, what is a Forex Signal? A forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. The signal is generated either by a human analyst or an automated Forex robot supplied to a subscriber of the forex signal service. Due to the timely nature of signals, they are usually communicated via email, website, SMS, RSS, tweet or other relatively immediate method like Telegram.
Most Forex Signal Services supply signals based on technical analysis like candlestick charting or ichimoku, while some work on fundamental analysis or price action. I personally prefer candle stick charting.
How much do the best forex signals cost? The Forex Signal Service I recommend has a $1 14 day trial.. You Can Check it Out Here
How to determine the Best Forex Signals
The best way to determine the best forex signals is to do your research, the best forex signal services should offer:
- Exact or approximate entry, exit and stop loss figures for trades on one or more currency pairs
- Supporting graphs and/or analysis for the signals
- A trading history showing the number of pips profit/loss per month and/or the risk/reward ratio and actual trades. Sometimes (especially in the case of forex robots) this may be shown as back-tested results
- One-on-one coaching, or additional interaction with the signal provider such as comments, forum, etc.
- Account management whereby a subscriber’s account can be traded by the signal provider
- Educational resources either via the internet or phone
- A trial period for a lesser price
The Best Forex Signals I have found come from Copy Profit Success Global and while forex signal services are a great tool to help you get started in the industry….. education is key.. Once you join CPSG for $1 you get instant access to the live trading room Monday to Thursday at noon eastern time, access to the Facebook group, access to the Telegram Signals Chat and most importantly, access to the 18 module Forex Trading BootCamp.
This Bootcamp is the most in depth and comprehensive Forex Trading Course online right now. The creator Patrick Kenney normally charges up to $124.99/month for this bootcamp alone. You get a 14 day trial for $1
You can check out my Full Copy Profit Success Global Review by clicking Here
Anyways I hope you enjoyed my post on the best forex signals, hopefully you got some value from it, whle my opinion may be a little biased believe me when I say that you will be blown away when you do check out Copy Profit Success Global and start to implement their forex signal service.