Hi,
I quite understand there are some who likes to trade but can’t due to their busy life. Someone like me, i have tons of project and also am looking at the prospect of trading and signal company is one way to go. Though there have been reports of terrible signal company but been checking some since last week. If you have tried them, please talk about it.
Practical pips: i use them for 10 days and got one signal which took 3 days before hitting sell stop. It takes a day or two for the cs to reply any mail sent
DUX signals: it’s 5$, cheap though and i heard people complaining about their irregular trading and inconsistent strat. Personally, i wouldn’t recommend. Their CS is yet to reply me and it’s been 2 weeks since i sent them an inquiry mail
DD signal: offers as low as 14$ for 7 days but they claim to have good strats and team support though it too them 7 days for CS to reply back. a friend told me they are good and i am willing to take his word for it.
Business Finance: Business Of Finance. i really don’t know much about them though they are on promo sale of 19/month till september. if you know about this guys, please write here
5: Forex Signalz: http://www.forexsignalz.com/i really don’t know much about them though they are on promo sale of 19/month till September. if you know about this guys, please write here
I am still looking for reliable source of forex signal, share the ones you are comfortable with.
I have a whole thread on who I am using so I don’t see the need to discuss it here. However, what I will say is how to verify the signals are authentic and are worth using.
1: Track record - No track record, don’t bother. If the provider doesn’t want to give a record of all the trades they gave there must be a reason for it and I think you can already guess why.
2 Track record II - Anyone can write something like ‘900 pips every month’ (LOL) or make up a performance. There are many ways to verify the performance is real. What my provider is doing is outlining the strategy (why long or short) and give the chart they used with their analysis. When they give updates on the trade they take a screenshot of the current chart to show the trade’s progress. If you just show a performance making ‘900 pips a month’ without backing it up how do you know it’s not fake?
3: Promising money - If they say anything on the site about making money every month or things like 99% success or make $2,000 a week, stay away.
4: The price - Many people like free stuff or things that are very cheap. Nothing is free these days guys. There is a famous saying that says ‘If you pay peanuts you get monkeys.’ Calculate the cost of the signals with your trade sizes and see if it is worth you while.
Maybe I will add more guidelines based on my experience but I think these 4 are enough for now.
I just want to add another thing about free signals. I noticed there are many whatsapp groups that give free signals to traders and it is really for free. I find it amusing but it is actually very sad. The signals of course are not given for free but in exchange for your personal information. When you join the whatsaap group they get your phone number and country and can easily ask for your name. Your personal information along with other traders that are in the group are gathered in an excel sheet and sold off to brokers as leads known as cold data. European countries are worth more than Asian countries. Each trader is categorized based on his or her country and sold off to the highest bidder or to multiple brokers.
The scammer who does this gets thousands of dollars usually. They often create multiple whatsapp groups to increase their coverage and income from the scam. Because there is no terms and conditions they can do what they want and they don’t care whether the signals work or not. Once you join the group they don’t care if you leave the next day. I am just showing you how easy it is to fool people that look for free signals and get money out of them by selling their private information. Don’t get any fancy ideas guys LOL
My provider has no whatsapp groups and it mention in the terms and conditions (yes, I read TS) your info is not forwarded to any third parties and your internet connection to the website is encrypted.
What Pollar said above is a good guide. Just to add that you should always look for a third-party verification where the results are publicly available so you can compare trades with the master account.