Both old and new traders benefit from the signals as they show you how to get into trades and when to exit. Signals come in all kinds of formats, and you will need to be careful that when you chose, you get yours from the best forex signals provider.
With our seasoned traders, who have over 10+ years of experience between them, we bring you the best analysis, packaged in easy-to-decipher signals. We have free signals and premium plans for the people who want as much information as we have to offer.
We always tell all the people who use our signals that they should keep the trading fundamentals in mind, even when they are using signals. Not because we are not reliable but because we want them to see how we arrived at the signals we provide.
So, what is reliability? People keep mentioning it, and no one really explains it. We want to talk about reliability so we can make a crucial distinction about the daily forex signals services we offer and the ones that you might get from a service that’s not reliable.
Finding a reliable daily forex signals provider can seem complicated. We have professional and transparent providers, like our company, for example, and shady characters too. It is up to you to do the due diligence and find the ones that will work in your best interests.
Reliability does not mean having a high rate of winning. Winning is not what you want to be looking at as a measure of reliability. The right metric to be looking at when you are trying to find reliability is consistency in performance over time.
We have strategies with 90%-win rates that might lose money and those with 30-40% win rates that make money. It is very relative, and you should look at the consistency in performance over time, to get the accurate picture.
When you are on our premium daily forex signals service, you will need to keep your eye on all the essential things. The terminal we use will show you when a trade is active and allows you to take a position at the market price through the use of a pre-stop loss to make profits.
The signal’s parameters define everything. Always make sure that you set the stop loss before you start the trade to make sure that everything is safe. In forex, things are volatile and will need you to be protected in case there is a sudden move that ruins the daily forex signals you get.
If you are using your terminal and our daily forex signals, that’s fine too.
If you are using our terminal, sometimes the analysts we have may close a position manually, if the conditions are right. When we do this, you will get a notification explaining what happened and why we did that.
At the terminal, you will be able to see the information you care about, like the instrument, the status, stop loss, and take profit levels. Premium members will view more details, including the entry price.
Our daily forex signals will help you know when to open the trade at the market price with a pre-set stop loss and gain profits based on the parameters of the live signals.
There are three ways our free daily forex signals close:
There is always one thing to keep in mind when you are using daily forex signals to make decisions; risk management. You will find it much easier to trade with the live signals we give when you have a plan for risk management.
You will be happy to know that risk management is all about making sure that you understand what the math says and being very disciplined.
Well, the answer to this question depends on a few crucial things. Looking at our page, you will find information about the way we provide service, the reviews we get, the credentials we have, and our track record too.
Look at all the average pips we gain per trade and compare that to the overall number of pips lost per trade. Compare all this to the overall win rate. You should look at the performance to see if you are going to gain more than you will lose, using our daily forex signals.
It would help if you also looked at how many trades on average, we issue. We do not publish many trades for a good reason. We only issue trades that we have done extensive research on. The daily forex signals you get, are optimized to a point where losing is inconceivable.
We provide a proportionate number of signals when compared to the profit targets. The live signals should never be disproportionate when you compare them. When you see something that does not add up on any professional site, that is your cue to stay away.
Well, first of all, money. However, the most important thing that affects your relationship with daily forex signals providers when it comes to paid vs. free is a conflict of interest. Whenever possible, you should get the premium signals or daily forex signals from a provider who is not sending you to a broker before providing you with the information.
Doing this will eliminate conflict of interest, and you will get a service provider who wants to give you accurate information and nothing else. There is no reason why you should place your trades at risk just because someone out there is looking for a commission at your expense.
There is something to be gained from the daily forex signals we provide, both free and premium, it just needs you to be able to see the bigger picture and use your skills to make the best of everything we offer you.