A forex signal is a notification or reminder to enter a trade, normally when a currency pair hits a specific price at a particular time. Either an analyst or an algorithm generates forex signals and, apart from price and time, there are some technical indicators to put into consideration as well. A forex signal can provide a trader with a distinct idea of when to buy or sell a currency pair. Forex signals services can be subscription-based or free. Most favor short-term trades and not long-term trading tactics.
A lot of forex signal services guarantee results, but the market is continually changing, and forex is particularly responsive to global situations, so promised outcomes might not come to fulfillment. Be cautious of any service that gives guarantees about gains. Some retail fx traders can use signals as a crutch rather than learning to recognize opportunities themselves in the market.
Traders can decide between automated and manual signals. Automated signals can integrate with your broker’s platform and automatically fill the trade, while manual signals require the traders to place the trade themselves. Most of the best forex signal providers with automated trading often demand that users pay a subscription fee to use that feature. Many provide a free or discounted trial period so you can try the service and see if it suits you.
Below are some of the best forex signals providers available for retail FX traders.
This is a relatively new forex signal service provider but has already garnered a good reputation as a reliable and trustworthy company. Subscribers can receive a flexible package with longer subscription periods significantly discounted. Buynsellsignals services include long-term and short term signals to suit the needs of any trader type.
The currently offer 4 subscription options; monthly, 3-month, 6-month and annual subscription packages. In terms if delivery, signals can be received via email, Viber, sms or through advanced application which users can download and install on the tablet or pc. Based on what we have observed when dealing with the company, they do not rely much on automation when generating signals but rather employ highly skilled technical analysts to deliver final signal content to their customers.
While this adds the human factor to the process, we have noticed a great advantage of using their signals relative to those providers who rely on automatic software. The accuracy of signals provided is quite high and we have been able to make consistently accurate trades based on the alerts we have received.
Company also provides custom-made Forex trading robots.
Forexsignal.com has been giving forex signals to traders since 1998. Subscribers to this signal service can find an assortment of buy and sell signals to help them set stop-loss orders and time trades. FX trend meters let you observe medium to long-term trends on eight currency price movements.
It offers two subscription options: The Standard option, which costs $99 monthly, with a discounted cost of $49 for the first month, gives you access to all the necessary signal options. The Pro plan has all the functionalities of the Standard plan but also includes the Forex Trade Copier, which enables signals from this service to be sent to your trading platform. This subscription plan costs $99 for the first month, after which it costs $149 a month.
ForexSignals.com, not to be taken for the signal service mentioned previously, provides a myriad of services to help FX traders of all levels of experience. You connect with traders from across the world via its trading room. You can get guidance about when to enter a trade and where to set your stop losses.
ForexSignals.com also gives users the chance to create a managed account. Under a managed account, seasoned traders conduct trades right from your account. You can decide to have your account managed according to various strategies, depending on your risk limit. Being one of the best free forex signals providers, ForexSignals does not charge any entry fee. You pay a monthly earning share of 30 percent.
4.FX Market Leaders
This provider offers an assortment of useful resources for forex traders of all experience levels, apart from live forex signals. You can take a trading course, learn about strategies used in FX trading and read brokers reviews. FX Market Leaders offers free signals that traders can copy and paste into their trading account. If you create the premium account, you get email notifications of new signals and assistance during the hours the FX market trades.
A premium account starts at $39.90 for a one-month membership and $9.90 for an annual membership. This signal provider doesn’t offer automatic trading, but it does have many useful resources for retail FX traders.
Tradewindow FX is a United States-based service that has been offering forex trading signals since 2005 and is well respected in the fx industry. Apart from providing one of the best fx signals, it also offers a daily strategy and educational resources.
A subscription is required to use its forex signals, as they aren’t free. A two-week trial is offered for $9.99, and if it suits you, an annual membership costs $187.95.
This UK-based forex signal service provides fx signals for seven of the primary currency pairs. This is solely a signal provider and does not offer additional services. It doesn’t integrate directly with trading platforms and does not provide automated signals. This implies you have to enter signals manually on your trading platform.
Dux Forex has an application that notifies users of newly posted signals. You’ll also get notifications about new signals on your email. Dux Forex has a relatively low price, with a monthly subscription fee of 4.95 USD.
7.Trading Signal Reviews
This company provides trading signals for forex as well as for commodity and stocks markets. Trading Signal Reviews is an analytics company that uses real-time data to create its trading signals.
You can also find a blog with updated information about the several markets that Trading Signal Reviews provides and sign up to get a free forex trading guide that teaches traders about strategies used in forex trading. You’ll need to subscribe to get the signals. The forex signals cost about $150 and are conveyed via WhatsApp, text, live chat, and email.