Compare Forex Trading Signal Providers

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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

 

Table: Compare Forex Signal Providers

SIGNAL PROVIDER

FEATURES

SIGNALS TYPE

DELIVERY

PRICING

Forex Trendy

 

■ 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

Mentoring Club Forex Signals

■ TRADERS ACADEMY CLUB

■ All Trading Platforms

■ Forex Currencies (Major, Minor, and Exotic)

■ Popular Metals and Commodities

■ Popular Stocks & Indices

L Intraday and Weekly Trading Signals

L Social Trading via Live Chat

Vladimir’s Trading Signal Service

■ AUTOMATED & MANUAL

■ Automated MT4 Copier

■ Email Alerts

■ Live Forums

■ Education

> 197 USD / Annually

 

» Traders Academy Club

» Traders Academy Review

XScalper MT4

■ XSCALPER

■ Only MetaTrader-4

■ MT4 Indicator

■ Forex Currencies

 

 

L Intraday Signals

L M1/M5 Timeframes

■ MANUAL TRADING

■ Easy-to-use for beginners

■ Three (3) Risk Tolerance modes

> 147 USD (One-Time Fee)

 

» XScalper Website

» XScalper Review

AutoBinary Options Signals

■ AUTOBINARY SIGNALS

■ All Trading Platforms

■ Forex Currencies

■ Commodities

■ Stocks & World Indices

L Many Intraday Signals (60 sec to Long)

L Optimized for Binary Options Trading

■ MANUAL TRADING

■ SMS Alerts

■ Email Alerts

■ Member's Area

 

> 97 USD (One-Time Fee)

 

» AutoBinary Signals

» AutoBinary Signals Review

 

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

 
3 Major Categories of Forex Signals

Forex trading signals are trading alerts by expert advisors in order 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 offer through email, SMS, phone and online alerts.

1) Technical Analysis Signals

This type of trading signals is widely used among Forex Traders and based in the 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 own orders.

2) Forex News Signals

These trading signals include fundamental news that they haven’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 (in order to avoid slippage).

3) Combined Forex Signals

Combined Forex Signals are combining 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 in order for the signaling service to be tested in low fees

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

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

 

Compare Forex Trading Signal Providers

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