Compare Forex Trading Signal Providers

Automated Signals

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What is a Trading Signal?

A trading signal is the outcome of an expert analysis done by a professional trader or a trading system. A trading signal aims to inform traders about an opportunity for arbitrage in the global financial markets. Signal providers analyze multiple technical analysis data and statistics deriving from the daily activity of financial markets.

Trading Signals are either manual or automated. Automated signals are usually applied on a Metatrader4 trading account (copy-trading). Manual signals are delivered via SMS, email, Twitter or other. Trading signals are usually offered in monthly subscription plans that cost from $30 to $300. Trading signals may prove profitable as long as you choose your provider wisely. Remember that every technical analysis system makes mistakes and can suffer losses. When it is available, take advantage of a trial subscription and evaluate in real conditions a signal provider.

A trading signal provider must always deliver to its subscribers 3 things:

1. An entry time or an entry price level

2. A target price in a pre-determined time frame

3. A Stop-Loss Price for Hedging against unfavorable market developments

SIGNAL PROVIDER

FEATURES

SIGNALS TYPE

DELIVERY

PRICING

■ 1000Pip Builder

■ All Trading Platforms

■ Easy-to-use Subscription Service

■ Daily Foreign Exchange trading signals

1000pip Builder focuses on the major Forex pairs:

EURUSD, GBPUSD, AUDUSD, USDCHF, USDCAD, USDJPY

Additional signals on some crosses:

EURJPY, GBPJPY, AUDJPY, EURCHF

■ MANUAL TRADING

■ EMail and SMS trading alerts

> 19-44 GBP (monthly)

» 1000Pip Review

» 1000pip Website

■ FOREX TRENDY

■ All Trading Platforms

■ Easy-to-use Forex Scanner

■ 34 Forex Currencies

■ 9 Different TimeFrames

L Trend and Breakout Scanner / Daily Signals

L Can Fit any Trading Platform

■ MANUAL TRADING

■ email, SMS, and Sound Alerts

■ Member's Area

> 37 USD / Quarterly

» Forex Trendy Review

» Forex Trendy

More Comparisons: » Compare Forex Systems | » Compare Forex Robots

3 Major Categories of Forex Signals

Forex trading signals are trading alerts by expert advisors for certain trades to be executed by traders who have purchased this kind of signaling service. Forex signals are offered at monthly fees of $100 to $500. Some Forex Signals are offered even for free. Forex signals may be offered by individual companies or by Forex Brokers for traders in executive accounts. These signals may be offered through email, SMS, phone, and online alerts.

1) Technical Analysis Signals

This type of trading signal is widely used among Forex Traders and is based on technical analysis using various indicators, oscillators, patterns, and other methods of analyzing past activity data. Usually signaling using technical analysis is accompanied by stop-loss prices and other trading strategies. You trust the background and track record of the company or person issuing the signals, so you choose to trade on that basis instead of entering your orders.

2) Forex News Signals

These trading signals include fundamental news that they havenâ™t already incorporated in the current price of currency exchange. Forex trading signals are usually accompanied by deep analysis. Using Forex News Signals pre-assumes the existence of an efficient Forex Broker (to avoid slippage).

3) Combined Forex Signals

The combined Forex Signals combine technical and fundamental analysis in one package. So actually they incorporate past activity data and current market news.

Choosing the right Forex Signal Provider

Choosing the right signal provider is not easy, and here is what you should have in mind:

◘ Check signal provider reputation on the net (blogs, forums, etc) to avoid false signals and statements is a great way to diversify your trading by mirroring the trades of traders with a good track record. When choosing a Forex signal service it is very important to find a reliable provider that doesn't manipulate results and make false statements.

◘ Check historic performance by observing past activity data

◘ Check if Forex signal providers are monitored by some regulating authority

◘ Make sure that a trial period is offered for the signaling service to be tested at low fees

◘ Make sure that Forex signals are offered in real-time

◘ Make sure that your Forex Broker has the technical efficiency required (especially in the case of Forex news signals)