Top 10 Best Forex Signals for New Traders
Forex Signals are no doubt excellent trading indicators. With numerous service providers springing up every day, there are only a handful that work. And, as a new trader, it’s only beneficial to start with the right ones.
Many have fallen victim to a Forex signal service that promised great profits only for losses to compound substantially as a result of poor trading signals.
General estimates point to over 80% of Forex traders losing money trading financial instruments.
Etoro has a fair number of about 67% of retail investors losing money trading CFDs on its platform. Therefore, many times, the difference between a profitable trader and a non-profitable one, might be the signal services they are subscribed to.
Many new traders and even veterans have turned to signal providers to trade the Forex market. These signal providers allow you the benefit of making profits without having to purr over charts and graphs for hours analyzing the markets and having time to take care of your many affairs. Cool isn’t it?
The question then is how do you start to win trades with greater frequency? In no particular order, we present the top ten Forex signal providers that work.
Have you imagined testing a Forex signal service that allows you to try their services free of charge first, before actually paying? Well, Forexsignals offer a 7-day free trial, to experience how their signals work for you to decide to subscribe or not. Cool right?
Not only that, but you can also receive market analysis from seasoned Forex mentors to your mobile device on telegram. Forexsignals.com also has a live stream to review Forex currency pairs in real-time.
They seem to be one of the few signal platforms where you can share your trade ideas and analysis with other traders inside their platform called the trading room.
DDmarkets was established in 2014. They have been known to provide reliable Forex signals to thousands of subscribers since their establishment. Their Forex signal plans include a mini-plan for 14days, a 30-day plan, and a 90-day plan as well.
DDmarkets also provides Forex signals for less traded currency pairs and commodities and exotics such as Dow or DAX30.
What they seem to have above other services is the fact that they present the strategy behind every signal, so you can decide on which signal to take, based on the available information. DD markets also provide timely updates on the progress of the trades while running.
Although they do not provide educational materials for their subscribers, they have shown to have great and efficient customer care service should you need their help.
Established in 2010, Mydigitrade has taken the signals service a notch higher. They boast many profitable traders on their books whose trades can be copied.
Some of their top traders report as much as 28.6% profit per month. The great thing is, you get to select the trader whose trade you want to copy yourself.
On subscription, you connect your brokerage firm to their platform and you start copy-trading and start earning income on a par with your selected trader.
Forexprofita is a Forex Signal Company located outside of Australia. Established in 2013, the service boasts more than 87% accuracy on trades. Apart from Telegram, they also have WhatsApp and Viber signal platforms where signals are sent directly to your mobile phone every day at your convenience.
The main advantage of Forexprofita is the fact that with just $30 a week, you can subscribe to their trial plan.
Standard plan: $100 per month,
Business plan: $250 for 3 months,
While their professional plan goes for $400 every six months.
While FXprofita boasts good results on their site, it should be noted that they do not offer tailored signals according to the trading strategy of the trader.
Fxprofitsignal was established 15 years ago. They provide, pending order and market order signals so you can choose which one best suits you.
Fxprofitsignals also guide their subscribers on how to trade the signals profitably, they offer advice on opening new positions on winning trades no wonder they come highly recommended from satisfied subscribers.
They also have 24-hour customer service to attend to the needs of subscribers. FXprofitsignal delivers signals to WhatsApp and emails only.
Started in 2010, 0tohero boasts very nice credentials from thousands of clients around the globe as seen on their site. They claim their lead Forex trader is a five-star rated trader (although this claim could not be verified).
They offer 4-10 trades per day with a monthly profit target of about 300 pips, you can be guaranteed a good return on your investment. New subscribers to their signals service are currently offered a 20% discount on subscriptions.
Claim your 20% discount on your subscription.
Andypartners.com was established in 2015. Their website boasts of a win rate of 83.4% on trades. Their strategy is based on a 50pips a day profit whilst running at least 2 trades per day.
They have an easy-to-follow system where they send pending order signals to subscribers. What seems to interest a lot of users is the fact that AndyW has a large video library that shows analysis of trades and strategies for their trades.
Point to note-AndyW does not trade exotics or less known currency pairs.
TradefxPlus started in 2014 as a Forex signals provider; they have also recently veered into automated trading to great results.
With a one-time fee of $100 to open a live trading account with Ava trade (place affiliate link), you can submit your Ava trade account (TPNumber) to receive your EUR/USD electronic assistant file.
TradeFxplus also offers signals in exotic pairs and binary options. Many of their subscribers have rated the customer care service as very efficient.
Learn2trade a telegram Forex signal provider boasts of over 10 years of experience in the Forex signals service. They offer signals Forex, commodities, stocks, and even crypto-currency.
They also offer an initial free plan of 3 signals per week, while you can upgrade to the premium plan of 35 pounds per month with five signals per day.
This also comes with a 30-day money-back guarantee should for any reason want to cancel your subscription. They also have a $65 for three months plan, 95pounds for six months, and 250 pounds for lifetime access.
Backed by Smart Financial Traffic Ltd, FXleaders started offering signals in 2012. They seem to be one of the most transparent signal providers around as they offer a reference report every six months showing monthly gains or losses (however these claims cannot be verified).
FX leaders offer an initial free signal service for new clients while you get between 90-100 signals every month at the price of $39 per month.
Sign up for your preferred signal and start earning today.