The Best Forex Trade Signals Are Duplicable
One of the best ways to profit from the Forex market is to use a Forex signals service. The truth is, learning how to trade Forex profitably takes education, determination and patience. And frankly, most people just don’t have the time to learn profitable Forex strategies and trade them under live market conditions. So, Forex signals services are an easy fix, but only if the signals are duplicable.
Obviously, you want to join a Forex signals service that is profitable. But past profits are not the only thing you should be looking for. You also need to find a signals service where the results are duplicable. You want to be able to get the same results as the service.
Many signals services produce profitable signals. But if you have to trade them manually, a lot can go wrong. You can miss trades altogether. Or, one the trade is placed, you can miss managing the trade by moving your stop loss or taking profits. In either case, you are not going to get the results you wanted when you first joined the service.
Using a trade copier to trade and manage the signals is the way to go. Traditionally, there are two ways to duplicate the services results by copying the trades automatically. First, you can look for services with a trade copy Expert Advisor. Second, you can seek out a service that copies the trade through broker to broker trade copying. Let’s go over each option a little more.
If you find a Forex signals service that offers a trade copy Expert Advisor, here are a couple of things to keep in mind. Most of the Expert Advisors can only be used with the Metatrader4 platform. In order to get the trades, the EA needs to be attached to the platform, and the platform needs to be connected to the Internet. This can be done by either leaving your platform connected and your computer on all the time, or using a Virtual Private Server.
On the other hand, a signals service offering broker to broker trade copying is easier. Once you connect your Metatrader4 platform to the signals service, trades are copied on the broker level. This means the platform does not even have to be connected to the Internet. You can get all the trades without downloading platforms, installing and setting up expert advisors or using a Virtual Private Server.
There are two things you should take away from this article. One, the best Forex trade signals are the ones you can duplicate by using a trade copier. And two, the best trade copy situation is with a service that uses broker to broker trade copying.
The Best Forex Trade Signals has multiple different trade signals services to choose from, each available with the trades copied by the broker to broker method. To find out the performance of these signals services, please go to http://www.bestforextradesignals.com