Reliable Forex Signals Providers
If you are looking for reliable Forex service, shows as much about you as a trader as the signals service you are hoping to find. The fact you are looking for “reliable” Forex signals suggests you are looking for signals that are accurate. By that I mean you are probably looking for signals that have a high win rate.
Even though using Forex signals that win a lot would be fantastic, the winning percentage is not all you should look for. In the following article, I want to share characteristics of what I would consider a reliable Forex signals service. Win rate is not the only thing you should look for in a signals service to follow.
There are many measurement tools people use to rate Forex signals services. For example, some people are concerned with win rate, like most of you who are looking for reliable Forex alerts. Other people focus on how many pips the signals deliver every month. For others it might be profitability.
3 characteristics of a reliable Forex signals provider:
The first thing I look for is transparency in performance reporting. There are many 3rd party statement publishers available. These statement publishing services connect directly to the master signals account and show real time statistics. To make an educated decision about the signals service you want to follow, you need to see real results and not unfounded claims of the performance.
The second thing I look for is sustainable profitability. Yes, you want to join a signals service that shows profits. The fact is, who cares about the win rate if you are making nice profits? The truth is, you do not need an extremely high win rate to make a lot of money trading Forex. However, the profit have to be created using a successful trading system using proper money management.
You also need an accurate way of receiving the signals if you want to duplicate the profits the service is reporting. Getting the same results by manually trading the signals is very difficult if not impossible. Therefore, you need to look for signals services that deliver the signals through trade copying. Ideally, you should look for services that mirror the same professional money management as well.
Best Forex Trade Signals has multiple, reliable Forex signals services to choose from. Each service uses a 3rd party statement publisher to show exactly what is going on in the signals accounts. Signals are delivered directly to the subscribers trading account on the broker level. Plus, you get both the trade signals and the advanced money management formula used so you can duplicate the percentage gains the services report.
Keep in mind, reliable Forex service are more about profitability than win rate or number of pips. Win rate really has little to do with if a service is reliable or not. Do not let your quest for a reliable Forex signals service with a high win rate dismiss profitable services. Look for transparent profits delivered in a way that can be duplicated in your account.
Here are the stats for the Best Forex Trade Signals strategies…
Dragonfly FX Signals
Butterfly FX Signals
Firefly FX Signals