Best Stock Signals Websites and Telegram Channels You Shouldn't Miss
Best stock signals provider - eToro
eToro - best stock copy trading signals
The Trading Analyst - data-powered stock options alerts
Market Chameleon - best stock price alert services
The Robust Trader - optimal swing trading signals
Elliott Wave Forecast - best signal for Elliot Waves fans
WeTalkTrade - indicator-based trading signals
The stock signals would help novice investors take advantage of the research conducted by trading professionals and leverage the potential of gaining huge returns from instruments such as stocks, ETFs, Forex, commodities, and cryptocurrencies. Besides stockbrokers, several independent companies offer signals on stock market trading. They use emails, mobile applications, and Telegram channels effectively to send stock signals to subscribers. Traders Union (TU) put together a review of the best 7 stock signal providers in 2024.
Top 9 Reliable Stock Signal Providers
| Provider | Number of Signals | Timeframe | Terms of Use |
|---|---|---|---|
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It varies from one professional trader to another |
Throughout the trading period |
Free and Paid and accessible to all registered users of eToro |
|
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2-5 real-time trade alerts per week targeting gains of 10% - 25% per trade |
$147 per month |
||
|
Not limited |
From $30 to $99 per month |
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|
3 -5 Signals per week |
Throughout the trading period |
Paid |
|
|
One signal a day by the Head of Education and team at FXTM |
Before market opens |
Free and Paid |
|
|
MQL5 |
It varies from one professional trader to another |
Throughout the trading period |
Paid |
|
The Robust Trader |
1 Swing Signal a day |
Before market opens |
Paid |
|
Elliott Wave Forecast |
Live Trading Rooms every trading day |
Between 11:30 and 14:30 |
Paid |
|
WeTalkTrade |
3 to 5 Signals a day |
Throughout the trading period |
Free and Paid |
eToro
eToro is one of the best copy trading and social trading platforms in the world. It allows professional traders to sell their trading signals on its trading platform. Novice traders may copy trading signals offered by professional traders and generate generous revenues on the stock market. According to eToro’s website, the average yearly profit of the top 50 copy traders on its trading platform in 2020 was 83.7%.
eToro allows its users to access copy trading through programs such as CopyTrader, CopyPortfolios, and PopularInvestor. Over 10 million users use eToro for trading. Novice traders may need to consider the factors such as the experience of the professional trader, the number of followers he has, and the average profit his trading strategies generated before copying trading strategies. A trader, whose trading strategies generated good revenues in the past must have a good following on eToro’s platform. Novice traders can also look at the equity curve of the professional trader and assess how it reacted to market recessions and equity drawdowns. Other parameters that can help to choose the best professional trader for copy trading are win rate, loss rate, average win, and loss size. One can use copy trading signals on eToro for all instruments such as indices, stocks, ETFs, Forex, commodities, and cryptocurrencies.
The Trading Analyst
The Trading Analyst presents an options alert service, giving traders real-time trading alerts through SMS. This service is perfect for beginners who seek well-informed trading choices without incurring excessive fees. The Trading Analyst delivers reasonable pricing, a demonstrated history of profitability, an adequate frequency of alerts, and access to educational resources.
Upon joining The Trading Analyst, traders obtain real-time text message alerts containing clear signals and precise pricing. When the service takes on a new options position, traders are sent a buy alert, and upon exiting a position, they receive a sell alert – all happening in real-time. This guarantees traders won't miss any trading prospects.
The Trading Analyst adheres to a strategy centered on long-term, steady profits, targeting gains of 10% - 25% per trade. The service emphasizes proper risk management to reduce losses and optimize gains.
The monthly subscription to The Trading Analyst costs $147 per month and includes an average of 2-5 easy to follow trade alerts per week. These trade alerts are all swing trades, making them perfect for working professionals who don't have time to monitor the markets all day. All entries and exits are delivered in real-time via text message, and subscribers gain access to a live portfolio tracker. The annual subscription to The Trading Analyst costs $787 per year.
Market Chameleon
Market Chameleon is a platform specializing in stock options and stock market research for investors and traders. Established in 2007 by William McBride, it is based in Philadelphia, Pennsylvania. The platform's primary objective is to deliver valuable insights by providing unique tools and data that may be challenging to access for individual investors or smaller research firms. Its services concentrate on three key time horizons: Forward-Looking, Present, and Historical.
Catering to both novice and experienced options traders, Market Chameleon boasts a wide array of features and tools. Users can filter and search for options trading possibilities using stock screeners based on criteria like the underlying stock, expiration date, and option type. Furthermore, Market Chameleon presents an assortment of trading ideas, such as earnings alerts and options strategies, to assist traders in making informed choices.
For users seeking the most comprehensive experience, the Total Access plan costs $99 per month and provides access to the complete suite of products and tools, including all reports and screeners
Learn2Trade
Learn2Trade is an independent platform that offers trade ideas, market analysis, real-time market news, stock recommendations, and stock signals. Learn2Trade aims to offer expert advice that helps its users in making informed investing and trading decisions. Learn2Trade sends 3 to 5 signals per week on indices, commodities, forex, and cryptocurrencies via telegram channel to its subscribers. Learn2Trade would also send market trends, news, charts, and other relevant information that help in decision-making, along with signals.
Learn2Trade claims that its signals have a win rate of 82%. Its plans start from 15 GBP per month. Users may get a discount if they opt for 3-month or 6-month plans. The basic Stock Signal plan of Learn2Trade is available for 15 GBP. Under this plan, users get 3 stocks per week with entry and exit details. Learn2Trade would also offer a 30-day moneyback guarantee on the stock signals plan (If users don’t find the signals useful, they may ask for the money back within 30 days after opting for the plan). Learn2Trade comes up with signals based on the indicators and tools, such as moving averages, resistance-support zones, Bollinger bands, and volumes.
FXTM
FXTM is also a popular stockbroker that facilitates trading in instruments such as stocks, ETFs, commodities, Forex, and cryptocurrencies. FXTM trading signals are designed by the in-house team of market experts by analyzing pricing data, market conditions, and technical indicators. The free signals of FXTM include protective stop-loss recommendations, market open and close updates, and technical indicators.
The following steps would help you access free trading signals from FXTM:
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Register or log in to MyFXTM
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Choose Trading Services to access Trading Signals
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Choose preferred instrument
On FXTM, every user is eligible to receive two possible scenarios, 3 popular indicators, and 4 take-profit levels, and a stop loss recommendation every day.
FXTM also facilitates copy trading. You can copy the professional investors on the platform, also known as Strategy Managers, and pay a fee to them only after their strategies helps you execute a profitable trade. FXTM makes it easier for you to choose the best strategy managers its trading platform. The stockbroker regularly assesses the strategy managers and ranks them based on their performance using a broad range of quality and performance measures. You can search and filter Strategy Managers based on the parameters such as experience, trading style, risk profile, and return.
The Robust Trader
The Robust Trader is a swing trading signals provider, predominantly operates in the U.S market. Launched in 2013, this stock signal provider claims that it has a win rate of 74%. The users of the Robust Trader would receive swing trading signals just before the U.S stock market opens. It offers a $1 initial offer for a month to allow investors to test the signals. Users, who are satisfied with the quality, accuracy, and transparency of signals during the initial month, may go ahead and opt for regular plans.
The Robust Trader offers a SwingTrader Pro that sends signals right into the email inbox of subscribers. The fee of SwingTrader Pro is $9 for the first month and $39 per month from the second month. The plan would be renewed automatically through a credit card or other chosen payment method until the user cancels it.
The Robust Trader also offers Momentum ETF-Rotating Strategy that closely monitors the trend and momentum in large ETFs. Subscribers of this strategy would receive a message at the beginning of each month, mentioning the names of ETFs they need to closely monitor for the rest of the month. The Robust Trader charges $5.95 per month for this service. People who opt for the yearly plan may pay only $3.95 per month (billed annually).
In addition to trading signals, the Robust Trader would also send Monthly New Edges and Strategies directly into the inboxes of subscribers. This signal provider also has a training course that helps novice traders equip with relevant knowledge of stock trading.
Elliott Wave Forecast
Elliott Wave Forecast is one of the largest technical analysis firms in the world. It offers a technical analysis and trading signals on a broad range of instruments, including stocks, ETFs, forex, commodities, and cryptocurrencies.
Elliott offers a 14-day free trial that helps users understand if its signals help them in the real-time trading environment. It offers four plans which include Silver, Gold, Platinum, and Diamond. The pricing of these plans ranges between $99.99 and $399.99 per month. Whilst the Silver plan covers 26 instruments, the Diamond plan covers 78 instruments across the United States and Asia. Both Platinum and Diamond plans offer trading signals from the Live Trading Room. The timings of the Live Trading Room are 11:30-12:30 GMT, 12:30-13:00 GMT, and 13:00-14:30 GMT.
If the members of Silver and Gold plans want access to the Live Trading Room and trading signals, they may need to pay $49 as an add-on to their existing plans. Elliott has a library of educational content that helps novice investors gain an understanding of stock market investing.
MQL5
MQL5 is a programming language that allows traders to create their technical indicators, trading robots, and scripts. MQL5 is the best place where you can copy the trading strategies of professional investors. The signals page of MQL5 displays all professional traders you can copy on the MT5 trading platform.
Though MQL5 allows every trader to offer trading signals, it evaluates each trader’s performance based on the factors such as return on investment over time, trading frequency, maximum drawdown. Novice traders can also set their filters while selecting the best traders to copy. Most professional traders on the MQL5 signals platform offer copy trading services at $1 per day or $30 per month. However, the monthly subscription fee goes up to $500 if you want to copy the strategies of a few star traders. If you want to copy professional traders, MQL5 could be the best option.
WeTalkTrade
WeTalkTrade is also a reliable signal provider for all asset classes including indices, currencies, crypto, and metals. With an accuracy rate of over 80%, WeTalkTrade has become a popular signal provider within a short period. It offers signals under two membership accounts which include Basic Account and Premium Account.
The basic account is free; though this account covers all asset classes, the accuracy rate of signals offered under this account is a bit less. The premium account costs around $79 per month. Premium members receive highly accurate signals. Premium members would also get access to the copy trading features on MT4 and MT5 platforms.
WeTalkTrade predominantly focuses on technical indicators to come up with signals. The organization has a new-age mobile application compatible with both iOS and Android. Subscribers may also receive instant push notifications (signals) on their mobile app. The app also features an economic calendar that discloses various economic news releases which could impact the trading conditions.
What are Stock Signals?
Stock signals are the recommendations or triggers to buy or sell a security based on specific criteria. Stock signals are derived from various technical indicators including volumes, moving averages, resistance level, support level, relative strength index, oscillators, Bolliger bands, and Fibonacci series. The stock signals aim to address the following questions.
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What is the buying point of a stock?
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What is the selling point of a stock?
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What is the stop-loss point for a particular trade to limit the losses?
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How much profit I can accumulate from a particular trade?
Besides offering sell and buy triggers, stock signals assist investors in monitoring and modifying portfolios. For instance, stock signals help to determine the best time to buy or sell a particular sector or the best time to average down a particular stock.
How to Choose Stock Signal Providers?
The following steps would help novice investors choose reliable and low-cost stock signal providers.
Use the internet or a website like Traders Union to identify the stock signal providers.
Evaluate each signal provider against pre-determined criteria that comprise factors such as customer reviews, quality of signals, experience, customer satisfaction rate, reliability, cost, asset classes it covers, and types of signals it provides.
Evaluate your needs. If you are a long-term investor, you may need to get fundamental signals, such as the economic health of the country, sector health, employment rates, and inflation. These signals play a crucial role in monitoring and altering investment portfolios. If you are a day-trader, you may want to receive signals on entry, exit points, and stop-loss points of a particular trade.
Select the signal provider based on your needs.
Test signals on the demo account. This allows the investor to assess the quality and reliability of signals.
Start implementing signals in a real-time environment with a small amount. Based on the results, you may increase the allocation.
How to Use Stock Signals?
Signal providers follow a specific structure to send stock signals. The investor or trader needs to break down the signal to apply it in the real-time trading environment.
Here is the example format of Trade stock signal sent to its subscribers:
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Stock: ABC Inc.
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Long or Short: Long
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Price: $110
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Stop-Loss: $105
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Take-Profit: $120
In this case, the call to action is long at the stock price of $110; it means you need to enter into the trade at a price point, $110. The stop loss is $105; it means you exit the trade with the minimum loss of $5 if the stock price moves in the opposite direction. Take-profit at $120 is another call-to-action; it means you may completely exit the trade by making a profit of $10.
Expert Opinion
While signals can be a helpful tool, especially for beginners, there are important factors to keep in mind.
First and foremost, it's critical to thoroughly vet any signal provider before subscribing or copying trades. Don't just rely on marketing claims - carefully evaluate past performance and see real evidence they have a proven strategy. Look for consistency over many months, not just a short hot streak.
Also important is understanding the provider's methodology. Are they relying on technical indicators alone or do they incorporate fundamental analysis as well? The best approaches blend both. Be wary of any "black box" strategies where they won't disclose the system.
Diversification is also vital when using signals. Don't put all your eggs in one basket by mirroring just one provider exclusively. Mix it up with a few different sources so you're not relying on a single viewpoint or approach. And never risk more than 1-2% of your portfolio on any one trade signal.
Fundamentally analyze the called trades as well before following a signal. Make sure you understand why the provider is calling it, that it aligns with your own analysis, and that you're comfortable with the risk. Don't blindly follow signals without thinking critically for yourself.
Lastly, signals are best suited as supplements to your own research, not replacements. Use any insights gained to continue developing your own trading skills over time. The ultimate goal should be reaching the point where you no longer need signals at all and can identify opportunities independently through experience and expertise.
FAQs
Is using signals in trading legal?
Yes, using signals in trading is legal. No law or regulation objects you from using signals in trading. However, you should be watchful while choosing a signal provider.
Can I rely on free stock signals?
It depends on who you receive these signals from. If you are receiving them from popular stockbrokers, you may rely on them. We suggest you test the reliability of a signal provider on the demo account for a few days before using its signals in the real-time trading environment.
Is copy trading a type of signal?
Yes, copy trading can be considered a signal as it lets you copy the trading strategies (entry points, stop loss, and exit points) of a professional trader. Copy-trading can generate generous results if you choose successful traders who have proven strategies at their helm.
Do signals work for ETFs?
Yes, signals can work for ETFs too. The signals on ETFs reflect the broad economic and sectorial changes in the country. For instance, if the signal indicates that the infrastructure sector is at the inflection point because of the government’s commitment to improving the local infrastructure, you may look at entering infrastructure industry-based ETFs. The Robust Trader’s Momentum ETF-Rotating Strategy is the best example for ETF’s signals.
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Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.