Best Providers of Signals for Forex
There are a lot of different factors that go into successful forex trading, and one of the most important is having access to reliable signals. After all, without accurate information about market trends, it can be very difficult to make profits.
Fortunately, there are a number of providers out there who can offer high-quality forex signals. In this article, we'll take a look at some of the best providers of forex signals so that you can make an informed decision about which one is right for you.
What Are Signals in Forex?
A signal is a combination of data that suggests a particular trade is worth making. Signals can be based on a variety of factors, including technical indicators, economic data releases, and even political events. Forex signals can be generated by either human analysis or automated Forex robots, also known as Expert Advisors.
Human-generated signals are often based on technical analysis, which looks at past price action to predict future price movements. Automated signals, on the other hand, are generated by algorithms that take a variety of factors into account when opening and closing trades. While both types of signals can be useful, it's important to remember that they are not always accurate. As such, it's important to use signals as part of a larger forex trading strategy rather than relying on them exclusively.
Most signals include a recommendation (buy or sell) and a target price. For example, a buy signal might tell you to purchase EUR/USD at 1.1050 with a target price of 1.1200. If the price reaches 1.1200, you would then close out your position and take your profits. Similarly, a sell signal would tell you to sell EUR/USD at 1.1050 with a target price of 1.1000. If the price falls to 1.1000, you would then close out your position and take your losses.
Main Types of Forex Signals
There are many different types of signals for forex available to traders, and it can be helpful to understand the differences between them. Here are three of the main types of forex signals:
Signals in Telegram
These signals are sent via the popular messaging app Telegram. They're usually sent by professional traders or analysts and can be very useful in giving you an edge in the market.
👍 Pros
•Speed in instant messaging
•Telegram accommodates numerous users
•Some may be free
👎 Cons
•Very high risk of scams on Telegram
•Genuine signals may be expensive
Copy Trading Signals
These signals are generated by algorithms that mimic the trading strategies of successful forex traders. Anyone can subscribe to them, and the trades are automatically executed in the subscriber's account.
👍 Pros
•You can invest with limited knowledge
•You get expert info from people risking their own money
•You can save time by automating the process
👎 Cons
•No control over your trading decisions
•Results are not guaranteed
•May require a higher budget
Forex Alerts
These are typically generated by software programs that scan the market for potential opportunities. They can be very helpful in identifying potential trades. These are typically sent via email or SMS and usually include important information about market conditions or upcoming events that could impact the forex market.
👍 Pros
•You receive signals through email or SMS
•A wide spectrum of expert providers
•Many free services are available
👎 Cons
•There may be technical or software glitches
•High risk of scams
Where Can I Get Signals for Forex
| Forex Signals Provider | Signal per Day | Timeframe | Terms of Use |
|---|---|---|---|
1000pip Builder |
5-7 signals per day |
Short, medium, long |
Market leader |
Free Signals Pro |
1 signal |
Short, medium |
Free |
ForexSignals.io |
Around 5 signals |
Short, medium, long |
Both free and paid channels are available |
ApexBull |
Around 3 signals |
Short |
Free |
Sure Shot Forex |
1-5 signals per day |
Short, medium |
Free |
AltSignals.io |
Around 5 signals per day |
Short, medium |
Paid |
Free Forex Signals- FX LifeStyle |
5-9 signals per week free channel 15-20+ signals per week VIP channel |
Short, medium |
Both free and paid channels |
FX Premiere.com |
1 signal in the free channel 15 signals in the VIP channel |
Short, medium, long |
quality high |
1000pip Builder
1000pip Builder is the best Forex signals provider on Telegram. They have been helping traders for over 10 years and have developed a loyal following.
Members highly recommend this service because of the high performance Forex signals and the one to one support provided by the lead Forex trader, Bob James. Most importantly the results of 1000pip Builder have been independently verified by MYFXBook, so you can be confident in the performance of the signals.
It is no surprise that 1000pip Builder is the highest rated Forex signal provider on TrustPilot with numerous 5 star user reviews. If you are looking for the best Forex signals on Telegram then you should definitely check out 1000pip Builder. Now is a great time to join because they have a 65% flash sale.
👍 Pros
•Highly recommended by members
•Excellent performance (fully verified)
•Full expert support
👎 Cons
•Limited free options
Free Signals Pro
Free Signals Pro is a great Forex signals Telegram channel that provides free Forex signals daily.
Free Signals Pro is 100% free and provides Forex signals that could make you money. This channel is focused on Forex signals and trading reports only. This means that there are no annoying messages that invite you into a paid version of the channel.
This Telegram channel helps beginner traders identify trading opportunities and guides them in making a few trades. However, some traders might find the one signal per day too little for them.
👍 Pros
•It is free
•It doesn’t have any annoying message that invite its members into a paid version
👎 Cons
•Some traders might find the one signal per day not enough for them
ForexSignals.io
If you want to trade in the forex market with a reliable and lucrative group, you should consider ForexSignals.io. This is one of the most sophisticated and one-of-a-kind signal channels for users working and trading in the forex market.
ForexSignals.io has a free channel and a paid one. The free channel offers simple trading tips of currency pairs that you could consider trading and a few trading reports of the signals they offered that week in the VIP group. Overall, it is not a bad choice, and it could be a valuable resource for some beginner traders who want to research the Forex market.
However, if you are looking for professional daily signals and complex market reports, its premium version is the one for you. The premium ForexSignals.io version costs £79/month or £499 for lifetime access. They have thousands of positive reviews from clients that claim that it is worth it, and we agree with them.
👍 Pros
•Some beginner traders might find the free channel informative
•The VIP channel is definitely a great choice for traders who want high quality signals
👎 Cons
•The free channel is designed to be a gateway to the VIP channel
•If you want free, high quality signals, the free channel is not for you
ApexBull
ApexBull is another great choice for beginner traders who are looking for a reliable Telegram Forex signals provider.
ApexBull usually sends about three Forex signals per day which tend to be very accurate. Outside of sending free Forex signals, ApexBull also keeps its members informed of price changes in different currency pairs by constantly sending them Forex-related news.
👍 Pros
•The team behind ApexBull has over 10 years of experience in the Wall Street
•It actively keeps its members informed of many trading opportunities
👎 Cons
•Some days, they do not send actual signals, but more like trading tips for that day
Sure Shot Forex
Sure Shot Forex is a free Forex signals Telegram channel that is trusted by over 27,000 people worldwide. Beginner Forex traders enjoy this Telegram channel because it shares up to five Forex signals per day and detailed analysis of some trades for free.
This channel does not have any bold claims, and it does not guarantee any high percentage win rates. All the signals that are offered are used by the traders behind the channel. Those traders post screenshots that prove that the signals are genuine.
👍 Pros
•All the signals are used by the traders behind the channel
•It does not have any bold claims, but it provides high quality signals
👎 Cons
•It contains a considerable amount of advertising for certain online brokers.
AltSignals.io
AltSignals is one of Telegram's largest and most well-known suppliers of Forex and cryptocurrency trading signals.
AltSignals.io also offers users in-depth analysis of recent market trends, which many other trading signal providers do not. This is beneficial for both beginners and experienced traders who would like to study and understand how the market works along with receiving trading signals.
AltSignals.io is only available upon subscription access. It costs $135/month billed monthly, but there are some other subscriptions that allow you quarterly or lifetime access for 0.009 BTC and 0.029 BTC respectively.
👍 Pros
•They claim that their signals have a 90% success rate
•75% of its users continue using the service after the first month
•It has a 72 hours money back guarantee
👎 Cons
•It is more expensive in comparison to other Telegram Forex signals providers
•It does not have a free trial
Free Forex Signals – FX LifeStyle
If you are looking for the best free Forex signals Telegram channel, you should consider choosing Free Forex Signals-FX LifeStyle. The reason why this Telegram channel is one of the best free Forex signals providers is that it sends an average of 5-9 high-quality signals per week that have a 70% success rate. If that is not enough for you, then its VIP/paid version might be a better fit for you.
The VIP version gives you access to 15-20+ high-quality signals that have a 91.3% average win rate. They also claim that its members make an average of $2,500 per month while using the signals. If all of those claims are 100% true, the $74 for lifetime access price makes the VIP version an absolute no-brainer.
Both the free and the VIP channels have more than 30,000 members each, which means that they could be trusted.
Although the VIP version has some big claims, we advise you to try the free version before upgrading to the VIP version.
👍 Pros
•It has a money-back guarantee
•The free channel offers a huge amount of value
👎 Cons
•It has a lot of bold claims for the VIP channel
FXPremiere.com
FXPremiere.com claims to be the best Forex signals provider at the moment. They currently have two Telegram channels; a free one and a VIP/paid one.
The free channel provides one signal per day and shares some trading strategies. However, most of the messages on that channel are advertising its VIP channel. All in all, it is not a bad Telegram channel because it does provide some value.
The VIP channel is where the real magic happens. The VIP channel’s members get access to up to 15 signals per day with a 70% success rate which come from approximately 50 trustworthy sources. The membership price starts at $37/month and goes up to $500 for lifetime access.
👍 Pros
•The VIP channel offers accurate signals
•Their signals come from trustworthy sources
👎 Cons
•The free channel sends only one signal/day
•There is too much advertising on the free channel
How to Choose a Provider of Forex Signals?
With the vast number of forex signals providers, it can be difficult to know how to choose the right one. A good place to start is by considering your trading goals. Do you want to trade manually or automatically? Do you want to trade full-time or part-time? Once you have a clear idea of your goals, you can start to narrow down your options. Here are some other vital considerations.
When it comes to forex trading, one of the most important things you can do is choose a reliable provider of forex signals. With so many different providers out there, how do you know which one to trust? Here are a few things to keep in mind when making your decision:
A good Track Record
Many providers out there claim to be able to give you accurate signals, but unfortunately, not all of them are created equal. A good way to determine if a provider has a good track record is to look for reviews online. See what other people have said about their experiences with the provider.
If you can't find any reviews, or if the reviews you do find are mostly negative, then it's probably best to steer clear of that particular provider. Another thing to look for is how long the provider has been in business. A provider that has been around for a while is more likely to be reliable than one that's just starting out. Finally, make sure the provider offers a money-back guarantee. This way, if you're not happy with the service, you can get your money back.
Money-Back Guarantee
When you're looking for a signal provider, one of the things you'll want to look for is a money-back guarantee. This ensures that you can get your money back if the signals aren't what you're looking for. Many providers offer a free trial period, so you can test out the signals before committing to a paid subscription.
This shows that they're confident in their ability to deliver quality signals that will help you make profits. Make sure to read the fine print carefully before signing up so you know exactly what you're getting into. With a money-back guarantee in place, you can feel confident that you're making a wise investment in your trading career.
Costs
It's important to compare pricing before making a decision. Some providers charge a monthly fee, while others charge per trade. It's important to consider what you're getting for your money before making a decision. Are the signals accurate? Do they provide good customer support? What is the success rate of the provider? These are all important factors to consider when choosing a Forex signal provider.
Signal Accuracy
There are many forex signal providers, and they vary in terms of accuracy. Some signals are based on technical analysis, while others are based on fundamental factors. The best signals for forex will take both into account. Another important factor to consider is the timeframe that the signals are generated for. Some providers only offer short-term signals, while others will provide longer-term signals as well.
A good Forex signal will include clear and concise instructions on when to enter and exit a trade. It will also provide an analysis of the market conditions that led to the signal being generated. This way, you can be sure that you're not just blindly following a signal but that you're making trades based on sound market analysis.
Best Forex Trading Signals in Whatsapp GroupsHow Much Does a Signal Cost?
When it comes to copy trading, the signal costs will usually be built into the spread. This means that you won't have to pay anything extra for the service. However, if you're looking to use a telegram signal service, then you can expect to pay between $30 and $80 per month on average.
Of course, this will vary depending on the quality of the service and the number of signals that are provided. But even at the higher end of the price range, telegram signals can offer great value for money.
FAQ
What are the most popular sources of signals for forex?
There are a number of different sources that people use to get forex signals. Some of the most popular include telegram and copy trading alerts.
How do I know if a signal is reliable?
There is no surefire way to know if a signal is absolutely reliable. However, you can look for signals that come from reputable sources and that have a track record of success.
Do I need to pay for forex signals?
No, you do not necessarily need to pay for forex signals. There are many free sources of signals available. However, some people find that paid services are more reliable.
How can I get signals for forex?
When choosing a forex signal provider, it is important to consider factors such as accuracy, cost, and track record. It is also important to read reviews and compare different providers before making a decision.
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.
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!