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Forex Forum is the best place for learn more about forex trading signals​



What Is a Trading Signal Provider?​

A trading signal provider is an individual or company that lets other traders follow their trading activities on their personal or corporate trading accounts.

Social trading consists of letting investors monitor the trading behaviors of their fellow investors and professional traders. Many of these experts will offer social trading signals on their social media accounts or websites that specialize in this industry. A stock trading signal service will publish investing ideas through social media outlets or third-party platforms.

Who are the forex signal providers?​

Nowadays, finding a forex signal provider is quite easy as you can do a quick search online that will generate a list to choose from.

The challenge for you as a trader is to pick one that will suit your trading style and strategy. Like stock recommendation services, forex signal providers have their own analysis style.

They may range from companies that specialise in generating automated FX signals or a boutique operation run by professional FX traders. And there are also individual forex traders who may be willing to share their trading system by providing a forex signal service. For learn more about forex signals, click here...

Here are the best seven forex trading signal providers list on 2021​


1. Learn2Trade – Best Signals Service With 82% Win Rate

Learn2Trade is a forex signal provider that offers signal through an exclusive telegram channel. The service covers all major financial markets with 3-5 verified signals per day. The service claims to enable traders to make an average of 30%-40% monthly profits.

2. MyFxBook

forex signal serviceMyFxBook is a trusted forex signal service that allows you to follow professional traders (only real money accounts) and copy their trade signals. The copy trading is handled through AutoTrade, a technology provider owned by MyFxBook. When you sign up for MyFxBook signals service, you don't have to pay:

  • Management fee or
  • Performance fee

The only cost associated with copy trading might come from a small markup spread. However, Pepperstone clients can enjoy completely free service, if you link your Pepperstone trading account to MyFxBook AutoTrade.

3. ForexSignals. com

This is one of the most well-known and highly regarded forex education brands out there. Established in 2012, their slick and easy-to-use trading room has a community of thousands of active traders in the room every day.

Although they are not sharing any information on the success rate of their signals, we are seeing positive responses from the community that follows their forex signals.

4. DailyForex. com

DailyForex. com is a popular financial portal and comprehensive, authoritative site for information on trading platforms, Best forex brokers, market analysis, among others. With a monthly traffic of over half a million visitors, DailyForex. com has transformed into a go-to site for anything concerning Forex.

DailyForex. com provides free signals for most of the paired currencies and some of the popular cryptocurrencies like bitcoins. As a matter of fact, every paired currency has a web page of its own.

5. eToro

Ultimately, eToro is perhaps the premier social trading signals provider on the web today. For users interested in getting their digital hands on these signals, all you need to do is click on the plus sign button to add the top eToro traders and receive real-time signals of every update on their accounts.

6. 1000pip Builder Forex Signals – Excellent Performance And Mentoring

There's no doubt that 1000pip Builder is one of the best Forex signals providers available. They have been helping traders for many years and are extremely well regarded by both experts and members. A quick look at their TrustPilot ratings will show that they have a huge number of 5 star ratings from satisfied members.

1000pip Builder is considered as a 'pure' Forex signals provider. This means that they focus on providing clear Forex signals with entry price, stop loss and take profit values. They do have some educational material but there focus is on producing the best possible signals and the strongest profit.

7. Zero to Hero

Zero to Hero is a Forex signals website owned and run by a team of U.K.-based Forex traders. The site offers a paid trading signals subscription service, covering Forex currency pairs and crosses. The fee for the signals service is $97 per month and it is possible to request a free 7-day trial. The service is what we call a "pure" signals service: it is about trading only, without adding any educational elements, although they do plan to add this type of material to their site at some future date.


How to Choose the Best Signals Providing Sites?​

Trading results always depend on the trading decisions made by the trader. A trader must consider a lot of parameters to execute a trade or whenever they encounter some of the best trading opportunities. Most of these parameters revolve around closely watching the financial markets and also analyzing them. However, as it is a time-consuming process, many traders prefer to make use of a trade signals service. With many trading signal providers, quickly choosing a provider can be difficult. It is also a well-known fact that retail investor accounts losing money when trading CFDs and FX. So traders should do pros and cons trading analysis before proceeding.

You can learn more about forex trading signals at forex forum

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Forex Forum | Forex Trading Discussion | Currency Traders Forum (2024)

FAQs

Is $500 enough to trade forex? ›

This forex trading style is ideal for people who dislike looking at their charts frequently and who can only trade in their free time. The very lowest you can open an account with is $500 if you wish to initiate a trade with a risk of 50 pips since you can risk $5 per trade, which is 1% of $500.

What is the number one mistake forex traders make? ›

The Bottom Line

Averaging down, reactive trading to market news and volatility, having exceedingly high expectations, and risking too much capital are common mistakes.

What does Warren Buffet say about forex trading? ›

According to Warren Buffet, the long-term investment will make no sense if you enter the market with less than $1,500. Ideally, $2,000 is the perfect amount to enter the FX market with long-term technique. The amount will also depend on the currency you choose.

Why am I so bad at forex trading? ›

Lack of Knowledge and Preparation: Many traders enter the market without sufficient understanding of market dynamics and trading strategies. This lack of knowledge can lead to poor decision-making and significant losses.

How much can you make with $1000 in forex? ›

First, however, let's assume you started day trading with a capital of $1000. In your strategy, you place a maximum of 15 trades a day (too many), lose 5 and win 10. You are looking at a total of 60 pips per day. As mentioned, you make roughly $20 a day.

Do you need $25,000 to day trade forex? ›

This rule, set by FINRA, states that any trader who executes four or more day trades within a five-day period is considered a pattern day trader (PDT). PDTs must maintain a minimum equity of $25,000 in their margin account at all times.

Has anyone made millions from forex? ›

One of the most famous examples of a forex trader who has gotten rich is George Soros. In 1992, he famously made a short position on the pound sterling, which earned him over $1 billion. Another example is Michael Marcus, also known as the Wizard of Odd.

Are there any millionaire forex traders? ›

You cannot achieve wealth through forex trading solely with your capital; you need the support of investors' funds. That's why forex billionaires like George Soros, Paul Tudor Jones, and Bruce Kovner all have hedge fund companies.

How much does an average forex trader make? ›

Forex Trader Salary
Annual SalaryMonthly Pay
Top Earners$192,500$16,041
75th Percentile$181,000$15,083
Average$101,533$8,461
25th Percentile$57,500$4,791

What was George Soros' trading strategy? ›

The trading approach employed by Soros is rooted in the principle of taking strategic risks. Instead of engaging in reckless speculation, it's a methodical tactic that centers on placing highly leveraged bets which are meticulously informed by an extensive examination of global macroeconomic elements.

What is more profitable than forex trading? ›

Profit Potential

Forex is ideal for aggressive traders who have a short-term view and are willing to take in more risk because of the high leverage. On the other hand, stocks are ideal for conservative, patient investors who hold a long-term view and are willing to adopt buy-and-hold strategies.

Was Warren Buffet ever a day trader? ›

A classic Buffett quote indicates that he is no fan of day trading: “If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes.” This emphasis on holding a position for the long term means a very low level of trading activity.

What is the dark truth about forex? ›

A staggering 95% of Forex traders lose money due to a combination of high volatility, inadequate risk management, overleveraging, and lack of experience or knowledge.

Why do 90% of traders fail? ›

One of the biggest reasons traders lose money is a lack of knowledge and education. Many people are drawn to trading because they believe it's a way to make quick money without investing much time or effort. However, this is a dangerous misconception that often leads to losses.

Who is the richest forex trader? ›

Ray Dalio – The Richest Forex Trader in the World

Starting his career in finance, Dalio founded the highly successful hedge fund, Bridgewater Associates. Through his disciplined approach to trading and investment, Dalio has achieved remarkable financial success.

How much money do I need to trade forex? ›

Answer - You can start trading with as little as $10 or invest more, like $100, $1,000, or even $15,000. Higher investments can potentially lead to higher profits in forex. However, it often requires substantial investments to achieve significant gains.

What is a good amount to trade forex? ›

How Much Capital to Swing Trade Forex
Average Stop Loss Size: 10 pipsAverage Stop Loss Size: 100 pips
Minimum / Recommended Capital for Trading 1 Micro Lot When Risking 1% Per Trade$100 / $300$1000 / $1500
Minimum / Recommended Capital for Trading 1 Micro Lot When Risking 0.5% Per Trade$200 / $600$2000 / $3000
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Sep 21, 2023

Can you day trade with only $500? ›

Many people believe that you need at least $1,000 to start doing day trading, but that's not necessarily the case, in fact, you can start with little money. With careful planning and execution, it is possible to start day trading with just $500.

How many lots can I trade with $500? ›

You have $500 on your account. With 1:100 leverage, this amount will be enough to make 50 trades of 0.01 lot each.

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