Best Forex trading signals in India
Foreign exchange trading is complex with numerous factors affecting currencies, making quality Forex trade signals a valuable resource. This article provides an overview of the top Forex signals providers in India that consistently offer actionable and profitable signals for Indian traders. We evaluate the accuracy, risk management, ease-of-use, customer support and cost structure of these signal services suited specifically for Indian trading conditions. Choosing a credible signals provider can significantly improve profits through timely and insightful trade ideas.
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Are Forex signals guaranteed to make money?
No, following signals is not a guaranteed way to make profits. Signals should only be used as supplementary guidance - traders are responsible for their own decisions.
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Are there Forex signal apps?
Usually delivery options include MT4, Telegram, WhatsApp and dedicated trading apps that deliver real-time alerts to phones/devices.
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How accurate should signals be?
Aim for a high accuracy rate of 60-70% or more for consistency over time. Also consider winning/losing ratio, maximum drawdown and verified past performance stats. Be wary of unrealistic win claims.
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Can I just copy trade Forex signals?
Yes, platforms like RoboForex offer social trading features allowing traders to automatically replicate the trades of other traders.
What Are Forex Signals?
Before we unveil the best forex signal providers, it’s important to understand what forex signals actually are. It’s safe to say the forex trading signals are the trade recommendations that help you with the following questions:
Which forex pair should you trade?
Whether to buy a forex trade pair or to sell it?
When to enter the market?
How much profit can be aimed?
It’s important to bear in mind that you can follow these signals as it is or you can also use them as a part of your in-depth and comprehensive analysis to improve your overall trading strategy. Either way, the forex signals allow you to build a better understanding of the forex market for a better trading experience.
Top Forex Signals Providers in India
1000pip Builder
1000pip Builder is one of the top Forex signals providers and has established a very strong following from traders. The long term performance of the signals has been outstanding and what is most impressive is that the results have been independently verified by MyFXBook. 1000pip Builder is the highest rated Forex signal provider on TrustPilot with numerous 5 star user reviews. Members of this service have been particularly impressed with the accuracy of the Forex signals and the 1-to-1 support that is provided by the lead trader, Bob James. If you are looking for accurate Forex signals with additional mentoring from a professional Forex trader then 1000pip Builder is your best option.
RoboForex CopyFX
RoboForex is known for its diverse services for trading automation. The CopyFX platform is one of the best ways to earn a profit in the Forex market. The social platform allows traders to subscribe to signals of the most successful RoboForex traders and copy their trades automatically. Judging by the reviews of Traders Union clients, it is currently the most effective provider of Forex signals for earning a profit. In order to receive signals, all you have to do is to follow the Get Signals link above and to learn more about using this service read out review.
AvaTrade
AvaTrade is yet another big name in the online trading platforms industry. It’s also considered as one of the leading only brokers that offers some unique and amazing features. It offers both manual and automated signal providers, and you can choose both of the options at the same time as well. AvaTrade works with a range of third-party forex trading signal providers, and you can start getting it today without even paying any fee.
eToro
eToro is one of the best online brokerages out there, and it's the best option when it comes to forex trading signals. What makes eToro different from the rest of the providers is its method of sending signals. The platform employs a copy trading system that the users can use to copy the forex exchanges of professional traders with the help of a few clicks instead of sending the forex signals directly to each user. This way, not only can the user select the people s/he wants to follow for copy trading, but it also saves a lot of time and effort that you must spend otherwise on forex signals manually.
Learn 2 Trade
Learn 2 Trade is a dedicated and premium online platform especially built for providing forex signals. It offers forex trading signals to its users via an exclusive Telegram channel. It not only offers real-time signals but also covers all the reputable and major financial markets of the world. You mostly get about three to five verified and valuable signals each day. This is one of the top services today, offering an excellent combination of Forex signal accuracy and great usability of the platform. Learn2Trade is also the best option for beginners taking their first steps in trading.
ForexSignals.com
ForexSignals.com is one of the most popular forex trading signal providers. It can be a great option for you if you’re looking for a platform that not only offers trading signals but also a full-fledged trader community. It also frequently offers engaging live streams and video tutorials that you can use to improve your overall trading experience. At ForexSignals.com, newbies can receive accurate forex signals as well as discuss their own trading ideas with experienced traders. We believe it is one of the best options for learning forex trading in real practice.
FXPremiere.com
FXPremiere.com can be a truly great solution for beginners. Today the platform has one of the most popular thematic Telegram channels with free signals. Admittedly, the real level of FXPremiere.com experts can only be understood with paid access to the VIP channels. However, this is the case when an investment has a very short return period. VIP channel subscribers receive up to 15 signals for currency pairs, as well as gold and oil.
MetaTrader 4
MetaTrader 4 is considered the gold standard when it comes to online trading platforms. It’s a free platform where you can trade forex and other financial instruments as well. It’s available through more than 750 banks and brokers and offers its services to tens of millions of users across the globe.
MetaTrader 4 is also a great option for copy trading of successful and your favorite traders by using its trading signals. You can access MT4 signals either for free or by paying a reasonable fee, and you won't need to leave the platform to start copying trades by selecting a signal provider.
FXTM
FXTM is one of the oldest, most successful, and leading online brokerages that was established back in 2011. It's regulated by multiple regulatory authorities and offers so many useful and valuable tools such as trading signals that you can utilize to improve your trading experience. You can use the trading signals for copy trading, and all you need to do is to subscribe to this service. Once done, the FXTM Invest forex signals will allow you to copy each and every trade automatically made by the providers you’re interested in.
Are Forex Signals Legit in India?
Yes, forex signals are legit in India, and they are not banned. However, they are not heavily regulated in the country. Therefore, it is important to choose signal providers wisely and be aware of the risks of taking forex signals from other traders.
Nevertheless, the Indian forex market is growing rapidly and is expected to continue to do so in the coming years. This growth is being driven by a number of factors including the liberalization of the country’s economy, the increasing size and sophistication of its financial sector, and the increasing number of Indians who are taking up forex trading as a hobby or profession.
Rules and Regulation
Licensing in India
In India, brokers are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). The former supervises foreign currency and the latter controls the stock market. The conditions for obtaining a license are: sufficient capital, a detailed business plan, compliance with rules and regulations, professional qualifications of key employees, and a professional reputation of the applicant.
Investor protection in India
To resolve disputes, traders can approach the RBI and SEBI that prevent fraud and dishonest activity in the securities market.
Taxation in India
Traders in India are subject to two primary types of taxes: direct and indirect. Direct taxes include a 5%-30% income tax. Capital gains tax is 15% for short-term profits and 10% for long-term ones. Trading income under 2.5 lakhs of Indian rupees is not taxable.
Best Free Forex Signals in India
Copy trading signals are mostly free. You can copy trades on RoboForex or eToro. Overall, copy trading can be a great way to get started in forex trading, diversify your portfolio, and get trading signals.
If you're looking for the best forex trading signals in India, then you'll want to make sure you find a provider that has a good track record and is transparent about their results.
There are plenty of providers out there, but not all of them are created equal. Do your research and you should be able to find a reputable provider that can help you make consistent profits in the forex. If you choose not to do research, you can always consider free signals from our rating.
How Can I Get Forex Signals in India?
Copy trade other traders on the forex trading platforms such as RoboForex or eToro. There are many ways to trade forex, and one popular method is copy trading. Copy trading allows you to automatically copy the trades of other successful traders on the forex trading platforms such as RoboForex and eToro.
Get forex signals from providers on Telegram. Telegram is a great source to go to for forex trading signals in India. Many experienced and professional traders use the platform to share signals with other traders. Some signals are free, but you may have to pay if you want frequent signals. Another advantage of using Telegram for forex trading signals is that you can download the mobile app and get push notifications to your mobile device. That way, you can take advantage of the signals in real-time as they are being shared.
Use forex indicators that generate signals. There are a wide variety of forex indicators available, so it is important to choose those that best suit your trading style and objectives. Some indicators are more suited to short-term trading, while others generate signals that can help you identify longer-term trends. When choosing forex indicators, it is also important to consider their accuracy and reliability. Some indicators are more accurate than others, so it is important to test them out on historical data before using them in live trading. Overall, forex indicators can be a valuable addition to any trader's toolkit. By helping you make better-informed decisions, they can boost your chances of success in the highly volatile forex market.
Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
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.
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).