There’s no question that good Forex trading signals can greatly increase your profits, while poor Forex signals can cause you to lose your money. But how can you tell which Forex signals are worthless, and which are worth their weight in gold? We’ve tested some of the most popular signals available to determine which are relevant and reliable, and which should be avoided. Check out our Forex trading signals reviews to better understand which signals are right for you.
Run by a team of professional traders, ForexSignalz consistently delivers Forex SMS signals on a variety of currency pairs. With the understanding that viewing a service’s ratings is essential for anyone interested in a Forex signal service and to ensure that traders are entirely comfortable when choosing a Forex signals provider, ForexSignalz lists its monthly ratings prominently on its website. And its performance speaks for itself.
TheForexRoom is a live trading room run by 4 professional traders. The Live Room is open 4 days a week, from Monday to Thursday. It currently runs during the London Open from 7:30am UK time (2:30am ET) and in the New Year they will trade the New York Open from 12pm UK time (7am ET). In addition, they send out email swing signals with advance entry-orders.
TradeWindowFX is a forex trading signals service that was established in May 2005. They trade the majors: EURUSD, GBPUSD, USDCHF, and USDJPY, and provide daily trade recommendations at 6GMT, just as the European session is beginning. This service seems to be a straight forward and basic signals provider and good for traders that trade the early European session.
Hereforexnaked.com is a website run by Arduino Schenato, an Italy-based “naked” (i.e. indicator-free) price action trader of Forex and CFDs. Arduino is the site's only contributor and analyst. The site offers a paid trading signals subscription service, covering Forex and CFDs. The fee for the signals service is $69 per month. An initial obligation-free trial of 30 days is given.
ZipSignals is a service that allows individuals to have trading signals automatically executed on their own MetaTrader platform. Traders can choose from a wide choice of registered signal providers on the ZipSignals website. This is not the same as automated Forex trading or using an Expert Advisor (EA) Which is a program that executes a trade when its preset conditions are met. The difference is that the signal providers from ZipSignals are other traders that determine themselves which trades should be taken and when.
Millennium-Traders.Com is a world class provider of advisory services, day trading and training for active traders in the financial markets. Launched in 1999, Millennium-Traders began offering daily calls for active stocks during the market day. As time progressed, they began to offer daily calls for Futures and Forex markets in addition to other services they now provide.
Honest Forex Signals is a Forex trading signals service that is owned by Allegiance American Enterprises, LLC is an American-based signals provider and webinar service that sends out trades from a live trader named Robbie Newton.
When looking into LiveForexTrading.info, the first thing you will notice is that there are several different options for a trader to take. The first thing that the client will have to be aware of is that some of the signals are not US compliant, meaning that they sometimes hedge the market. However, this is clearly stated on the website to let you know ahead of time, and will certainly not be problematic for anyone who is located outside of the United States.
In the world of currency trading, it has become imperative the need for a very good Signal Provider to enhance ones winnings. FXGEO has a system that has been back tested and proven to work; they provide expertise advice on trading technique.
Netpicks has been providing forex and futures trading signals since 1996 and are based in Texas, USA. Netpicks actually offers tons of different services: forex (20 currency pairs!) and futures trade signals (intraday and swing), training with a live trader, automated trading, and a new forex trading system and training package called Universal Market Trader. Though their monthly subscription is a bit higher than most at $197/month, there are some nice advantages to this service that make the additional fee worth it.
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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.