Forex4you Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Forex4you trading signals. You will learn what kinds of trading signals Forex4you offers and what the conditions for using them are.
Short introduction of Forex4you
Forex4you caters to a wide range of traders, offering different account types, including cent accounts and ECN accounts with tight spreads from 0.1 pips. The broker provides leverage of up to 1:1000, order execution speed from 0.1 sec, and access to over 150 trading instruments, including Forex pairs, indices, commodities, and stocks. Its proprietary copy trading platform, Share4you, allows traders to earn additional income by sharing their strategies or copying successful traders. Additional features like cashback, bonuses, and partnership programs further enhance the trading experience.
Forex4you doesn't accept clients from the U.S., Canada, Japan, and EU countries, but it presents a compelling option for eligible traders seeking a well-rounded trading experience.
| 💰 Account currency: | EUR, USD |
| 🚀 Minimum deposit: | From 0 USD |
| ⚖️ Leverage: | Up to 1:2000 |
| 💱 Spread: | From 0.1–2.0 pips |
| 🔧 Instruments: | currency pairs, CFDs on stocks, stock indices, metals, and energies |
| 💹 Margin Call / Stop Out: | 50-100%/10-20% |
Forex4you Pros and Cons
👍 Advantages of trading with Forex4you:
•best trading conditions for novice traders;
•no trading restrictions on scalping and algorithmic trading;
•the possibility of passive income - social trading platform Share4you;
•the broker has an insurance for $10 million on a contingency basis;
•there are cent accounts with a minimum transaction amount of 2 cents.
•customer support responds to customer inquiries within 8 hours, even on weekends.
👎 Disadvantages of Forex4you:
•Relatively high fixed fees on Pro accounts.
•Traders from the U.S, Canada, Japan, and EU countries cannot use services of the broker.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Forex4you Trading Signals
Copy trading signals
Share4you — fully automated copy trading platform that does not require downloading, knowledge or trading experience. The idea of this platform is that a trader conducting active trading gets into the broker rating. A potential investor selects a trader and joins his account. Trades are automatically copied to the investor's account. In case of a successful trading, the investor pays a predetermined commission from his profit to the trader.
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The number of traders that an investor can connect to is not limited. Thus, the investor can form his own investment diversified portfolio of many traders with strategies of different risk levels.
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An investor can at any time disconnect an account from a trader. This minimizes risks if it seems to the investor that the trader has started to conduct higher-risk trading or there is a possibility of loss.
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Instant copy speed. Copy trading speed on the Share4you platform is several milliseconds (ms), which is one of the highest rates on the market.
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Broker’s own risk assessment system.
Any person can be both an investor and a trader. The investor’s personal account displays the performance of copy trading and the average portfolio return. To become a trader, you just need to start trading - the account automatically gets into the rating with the assignment of a risk level. The higher the rate of return, the higher gets the position in the rating and the greater the chance to attract investors.
Forex alerts
Forex4you supports alerts. Alerts in financial markets are notifications about certain events, such as an asset reaching a specific price, trend reversal, etc. Traders can customize events for which they want to receive alerts. Thanks to Forex4you alerts, users can stay informed about events in financial markets and react quickly. There is no need to constantly monitor quotes. Traders receive notifications according to their settings and can make reasoned investment decisions.
Autochartist signals
Traders who trade with the Forex4you broker can receive Autochartist signals. Autochartist is a service for chart pattern recognition and technical analysis. The service analyzes charts, identifies forming patterns, and provides recommendations for opening trades in a particular direction for a specific asset. Autochartist provides the following features:
Trading signals for various patterns such as Head and Shoulders, Rising Wedge, Falling Wedge, Triangle, and many others.
Signals upon identifying Fibonacci lines, chart corrections, etc.
Alerts for traders via email.
Analysis of activity in financial markets, etc.
Autochartist recommends trade direction, entry and exit points, and provides a large amount of useful information for any trading strategy to traders.
Conclusion
Based on the results of the analysis of the Forex4you trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.
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FAQs
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.