Forex Trading Signal Companies

Are there any good ones out there? Can any one suggest a company that has been working for them? I’d like one that gives out precise entry/exit/stop loss.

Thanks!

FXMaster is probably the most honest provider out there. All the results that are posted are real time, not simulated historical trades. They are profitable by far but they can go through some pretty heavy consecutive losing streaks… When i used to be a member i sustained 9 losses in a row and i think they have even gone as high as 12 in a row. But they always seem to make it back.

They offer precise entry, exit and stop loss points and they are all entry orders so there is plenty of time to put them in your platform.

All that being said, however, i personally would recommend against using any provider. Despite the fact that these guys are honest, you are essentially relying on someone else to pave your way to success. Many people see providers as the easy way out but there is no substitute for hard work, study and dedication to learning this craft yourself. The fact of the matter is when these guys go into heavy drawdown, it is very easy to get emotional because you don’t understand what is happening behind the scenes. I found it impossible to stick to something i did not fully understand, especially during the tough times.

Building your own system and analyzing the market for yourself is really the only way to stay confident during the ineveitable rough patches

…just my 2 cents

We’ll said. :slight_smile: I couldn’t agree with you more. It would be no fun losing or winning when your relying on someone else.

“Give a man a fish, he’ll eat for a day. Teach a man how to fish, he’ll eat for a lifetime.”

a few years ago i used to trade with TAPPS. it was an OK program but i never found it profitable. this wasnt because it was a bad system but because i never trusted the signals enough to make a trade. i couldnt use any leading or lagging indicators to justify the entry and exits. anyways, i quit tapps and started using free signal services to help me determin if my own trades where heading in the right direction and this is what i found profitable.

but if you rely on others to give you signals then you miss out on learning through your own experience. there is not book, program, charting service, signals service that will give you the same knowlege and solid foundation as your own cold harded experience. when you rely on others you put yourself at a disadvantage. cause what happens if these programs and signals just stopped coming? where would you be then? you only really start to develop the mentality of a successful trader(which you need to succeed) when you stop asking for someone else to do the work and you start asking " how do i find the signals for myself?"

TO ALL�.Thanks for your prompt and polite reply. THANKS… I’m starting to day trade the FX. So I “can’t” swing trade as it would / could influence my perception… I’m just looking for some legitimate signal companies. I would like to �diversify". By knowing of a good / legit signal company.

fxstreet
forexguru (or was it fxguru?)
finrise
cashmonsterz (dont know much about this one)
fxtoday (becareful with this one. alot of popups and garbage)
fxcm has free signals on their platform (check demo accounts for brokers that give free signals)

check these out and see what you get. ive yet to find the perfect signal program. i just dont like trading with them cause i dont like giving up control. but i do feel good when my own signals match theirs.

I think buyforexsignals is pretty decent…and gfsignals are reliable. Are you looking more for the numbers, or also an analysis of the trade?

Again. Do it yourself. Take the time, the pain to learn and trade the market and have total control over your $$$. Once you got it, your knowledge becomes invaluable. Your knowledge will turn into a “cash cow” that makes money everyday over and over and over…To me that is power :slight_smile:

I use Dashboard FX for most of my entry signals. Their signals are as good as mine but I cant seem to watch 5 currency pairs. They add sort of a trading room environment to my daytrading approach. I just recently added this service after spending years developing my own trading systems. However I do not use their exits or any other mechanical exit. My exits are mainly discretionary and Im not sure I can explain my exits. But it works for me…maybe after analyzing a million or so charts…its just a feeling.

I am now using zulutrade and I have made a deep follow up of the signal providers performance that they offer. I created an Index based on a formula to constantly back test and evaluate the providers history in zulu. I have now a live account set with the 3 top providers I evaluated with my own index and it seems to work so far. I am making 70 pips average. If this method keeps working, I will add signal providers in order to try to increase from 70 to 100, 150 pips a day. I will let you know how it works…

Hey you guys, which platform are you using? Myself, i am using zuluitrade. It has really cool features such as the trade-wall activity!! Study which signal provider is going short or long and in which currency and price. See their real-life profit/losses; life open accounts and trading activity :slight_smile:

Zulutrade is constantly upgrading. Now they added live accounts to receive daily reports; providers are analyzed deeper with three new performance indications – weekly best/worst trade; ranking history chart and max open trades:)

Ohhhh yeah I saw them!:slight_smile: Moreover life accounts receive daily account statements and email notification is received once the live trader updates portfolio settings and this altered his trading strategies.

Just to point out: the daily live account statement is just saving my strategy! I am traveling at the moment and it is a bit hard to be in front of the computer or on my smartphone all the time :54:

Other than Zulutrade, you can join eToro. A social trading website which you can share you opinion and copy guru trades.

Since 3 months I´m a member of Vladimir Ribakov´s Trading-Room and Signal-service: His offer has the big advantage that you get profound education on a daily basis from a really experienced Forex-Trader and very reliable Signals. For people who can´t afford to take part in the Trading-Room he´s an automated Signal-Copier too. The prize seems reasonable and to tell the truth, September was the first proftable month for me thanks to this guy. I ´m looking forward to trade independently one day but it will need a few more years I suppose.
His proven performance since June 2011 is around 46 000 pips, that´s pretty good in my opinion, hopefully he continues that way
Even the forexpeacearmy-site recommends his service and these guys are very very critical.

Please don’t do that, you will only loose your money with e-toro…was there, done that! Their trading algorithm just don’t make small accounts win enough money. Compared always to zulutrade.

He Eddy,

I have a good suggestion. Use my own business :wink:

  • 700 customers receiving signals…
  • make up to 30% each month…
  • 1,6 million dollar in already…

PipShip

Next week my firm will be upgraded to investment firm. :slight_smile:

Sure !! :slight_smile: Awaiting your update!
Good luck with the upgrade…what licencing you getting, remind me again?

First we have to become a private limited liability company.
So thats the first step. (wednesday next week)

Then we have to earn 40.000 euro. We need at least to shareholders for the company.
Myself and the system controller. He has to be shareholder for at least 20%. (10.000 euro)
Then we have 50.000 deposit for the business. (minimum safety restriction authority of financial markets)

Then we are gettings screened by the government. We need to be ‘trusted’ and ‘experienced’ individuals.
I’m able to show them that we are both working for six years trading forex and CFD’s.

Then we need to pay 4.000 Euro’s and 750 euro for each shareholder to get a licence. (portfolio licence and private equity licence)

Then we are able to set up automated portfolio rules with saxobank to control the new accounts of our managed forex account service.

And a lot of law, website, helpdesk, administration stuff also needs to be done. :slight_smile:

I will tell you more by wednesday. Then PipShip is a legal company. :slight_smile: