Forex Signals Whatsapp Groups (2024)
Best Forex Trading Signals in Whatsapp Groups 2024:
Forex King Club – in the free version, 1 signal per day is available. Subscription - from $49 per month;
Trademasters – up to three free signals per day, no subscription;
Forex Signals – in the free package up to 3 signals per day, in the paid package 20-30 signals daily;
Forex Trading World – delivers 2 to 3 free signals daily for traders;
Gold Best Signals – provides 1 free trading signal, aiding traders in decision-making.
Whether you're a newbie or a seasoned trader, getting trading recommendations can be quite helpful to make informed decisions. Forex signals offer trade recommendations about which pairs to trade and whether it's ideal to sell or buy Forex.
They also give advice on when you should enter the market and the profit you can expect to get out of your trade. Like Telegram and Twitter, traders can also use trading signals Whatsapp to get expert recommendations about the right trades to make.
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What is the accuracy rate of signals?
Accuracy rates can range widely. Best groups have 65%+ win rates based on past performance but it's important to track records over an extended time period.
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How many signals do groups send per day or week?
Frequency of signals varies. Active day trading groups may send over 10 signals in a day while position trading groups may only send 1-2 signals per week. But most groups are biased towards shorter-term day and swing trading rather than long-term positional trading.
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Do I need to act fast to enter trades?
Often yes, signals are time-sensitive so orders generally need placing within 5-15 minutes to get the suggested entry price.
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Can I join with any experience level?
Beginners can join to learn but may find it hard to apply signals without a basic grasp of technical and fundamental analysis.
Top 10 Forex Signals Groups in Whatsapp
Here are the top ten Forex trading signals on Whatsapp.
| Forex Signals Provider | Signals per Day | Timeframe | Terms of Use | Link |
|---|---|---|---|---|
Forex King Club |
1 signal in free version |
Short, medium |
Both free and paid channels available |
|
Trademasters |
2 to 3 signals |
Short, medium |
Free |
|
Forex Signals Premium |
2 to 3 signals |
Short, medium, long |
Paid |
|
Forex Trading World |
2 to 3 signals |
Short |
Free |
|
Gold Best Signals |
1 trading signal |
Short |
Free |
|
ForexVIP Signals |
2 to 3 signals |
Medium |
Paid |
|
Forex Master |
1 signal |
Short and medium |
Free |
|
Forex GDP |
1 signal per week |
Short, medium, long |
Free and paid |
|
Forex Profita |
3 to 5 signals |
Medium, long |
Paid |
|
Forex Signals |
2 to 3 signals |
Medium, long |
Paid |
Best Forex Brokers for 2024
Forex King Club
Forex King Club is available on both Telegram and Whatsapp. The Forex signals WhatsApp group has over 950 members in its Whatsapp group, while its Telegram channel has thousands of members.
The main focus of the group is on trading instruments and their risk to reward ratio. The group members get access to some signals free of charge. However, if you want the full service, you need to pay $49 per month. You can also choose a quarterly payment plan of $120 for three months.
Meanwhile, the lifetime package is for $500.
👍 Pros
• Has a strong customer base
• Focuses on a specific aspect of Forex trading
• Useful recommendations for risk to reward ratio
👎 Cons
• Free service lacks some signals
• Advertises for brokers
Trademasters
Trademasters is a Forex Whatsapp group with hundreds of members. The major attraction of this group is that it provides access to pro signals free of charge. It also offers high-quality signals for most trading instruments, even other than Forex.
Apart from signals, there are no other unnecessary advertisements or messages in the group that may distract traders.
👍 Pros
• Sticks to trading signals only
• Free of all users
👎 Cons
• Has reached its maximum user number capacity
Forex Signals Premium
Forex Signals Premium provides trading signals on Whatsapp for experienced traders who want regular information about the Forex market. In the paid VIP Pack, you'll get 20 to 30 Forex signals along with fundamental calls.
Plus, there are short-term and intra-day long signals. The experts in the group also recommend the right time to open a position in order to minimize risk.
👍 Pros
👎 Cons
• Not suitable for beginners
• No advanced features in the paid version
Forex Trading World
Forex Trading World is a trading signals Whatsapp group for investors who've recently entered the market and don't want to open any risky positions. The group contains signals for bond prices, commodity prices, and currency pairs.
For instance, it may give a signal recommending when to sell a certain currency pair or when to initiate a purchase.
👍 Pros
• Free
• Provides more than one signal a day
👎 Cons
• Not ideal for advanced traders
Gold Best Signals
Gold Best Signals is a Forex Whatsapp group that gives you access to risk to reward ratio for different trades. It also provides recommendations for exit and entry points. However, do note that the group may also have advertisements for brokers.
But then again, that's expected since the group is free.
👍 Pros
• Free
• Provides high-quality signals
👎 Cons
• Advertisement for brokers
ForexVIP Signals
ForexVIP Signals is a Forex signals provider that sends you signals through Whatsapp. The signals include stop prices, entry prices, and take-profit prices. Whenever it is suitable for you to trade, you get an alert from ForexVIP signals.
The most attractive thing about this platform is that you can see their past performance. The website has weekly reports for ForexVIP Signals' past performance that give you an idea of the platform's success rate.
👍 Pros
• Has a good track record
• Provides signals for entry and exit prices
👎 Cons
• Only paid plans are available
Forex Master
Forex Master is a Forex signal Whatsapp group where experts provide recommendations for opening positions with respect to Forex trading.
Besides trading signals, the group also has learning support and tips. Since it's very old, the group has already exceeded its limit for the number of members.
The best part about this Forex signals group is that it provides a risk to reward ratio for Forex trades.
👍 Pros
• Free for everyone
• Provides learning tips and resources
👎 Cons
• May be focused excessively on the Indian market
Forex GDP
Forex GDP is a Forex Whatsapp group with both free and paid plans. In the free version, you get one or more trade signals per week. However, the signal quality is the same as you'd get in the paid version.
Based on the exit trade setup in the free version, you can expect a target of 100 to 200 pips profit. In the paid version, you get high-quality Forex signals that depend on different trading strategies, like Candlestick Chart Analysis, Trend Reversal, price action, Breakout Strategy, and Trending.
There are two paid versions; Premium and Supreme.
In Premium, you get signals with a net profit of more than 700 pips per month. Plus, you get access to accurate entry and exit points. Meanwhile, the Supreme package gives you over 1500 pips net profit per month with Jackpot Entry Trades that have a 1:5 to 1:10 risk to reward ratio.
👍 Pros
• Advanced features, such as entry and exit, in the paid version
• High-quality signals even in the free version
• Based on advanced trading strategies
👎 Cons
• Only one trading signal a month with the free plan
Forex Profita
Forex Profita claims that it has a 75% accuracy rate and provides signals for Forex trading on Viber, Whatsapp, and Telegram. The group sends three to five signals a day with nine currency pairs.
Along with that, it also has SL, TP placement, and entries. You also get a Personal Signal Manager in the Standard Paid Plan.
Meanwhile, the Business Plan provides 8 to 12 signals a day in nine currency pairs. Plus, you get instant mobile alerts for signals and a Personal Signal Manager. Once you open a position, the Top Experienced managers on the platform also provide guidance in trading throughout your trade.
👍 Pros
• 75% winning rate
• Signals for nine currency pairs
• Has a free trial
👎 Cons
• No free version
Forex Signals
Forex Signals claim that it is the only signal provider that does not charge you unless you make a profit. Instead of spending hours listening to the news and keeping up with market trends, you can rely on the system made by Forex Signals that provides the latest Forex trends based on fundamental factors.
Although there is a 10-day free trial for the signal system, the platform does not have a free account. Besides providing signals, Forex Signals also offers real-time reports and talent management services.
👍 Pros
• Automated signal delivery
• Provides real-time reports
• It lets you view trades on MetaTrader
👎 Cons
• Only paid option available
• Provides services through brokers
How to Choose Forex Signals Groups on Whatsapp?
When you're looking for a Forex signals Whatsapp group, you must make sure that you make the right decision since the success of your trades will depend on the recommendations provided in the group.
Signal Quality
The most important thing to consider is the signal quality. The quality of a Forex signal is determined by its accuracy and potential profit.
Some signal providers will tell you that their signals have a win rate of 75% or 90%. It indicates that you will experience a loss in 25% of your trades or 10%. Depending on your risk tolerance, you can decide if this percentage is too high or ideal for you.
A good signal provider will tell you that their signals have an accuracy of at least 70% to 80%. This means that if the prediction was made and executed correctly, then the result would most likely be a win.
It also implies that you can expect a 20% to 30% chance of experiencing a loss.
In Forex, there is no such thing as a magic bullet or an infallible strategy. Sometimes, even signals with lower accuracy can be useful if they have a relatively high win rate and strong risk management rules.
However, it's best to leave these complicated calculations to professional Forex traders and opt for signals with high quality and win rates.
Customer Reviews
If a Forex Whatsapp group does not have a social media presence or a website, it can be difficult to know what previous members are saying about it. But you can find reviews on third-party sites, like TrustPilot.
Reading reviews from other users will give you an idea about the signal quality, customer service, and overall experience.
Since many signal services have paid plans, you don't want to spend your money without doing any research on the platform first.
Whatsapp Group Size
If there are hundreds of members in a group, it will be difficult for you to get your questions answered because several users may not even see them. Whatsapp has a 275-member capacity for groups, which means you may not be able to participate in a group if it's full to its capacity.
It's best to choose a Whatsapp group with around 150 to 200 members. In this way, you can ensure that your queries are answered, in case you have any.
Money-Back Guarantee
What if you join a Forex signals Whatsapp group and it does not provide you the value you expected? It's a waste of money. Plus, you may end up opening the wrong positions that put you at a loss.
Therefore, you should look for a Whatsapp group that has a money-back guarantee for its paid plans. In this way, at least, you'll be able to get your money back if you don't get any real value from the signals.
Free Trial
Many trading signals Whatsapp groups offer free trials so that you can check the quality of their services before you choose to subscribe. Free trials are especially useful if you're not sure whether the signal service will be helpful for you or not.
You'll get enough time to test out the signals and decide whether or not they will help you make profits in the kind of Forex trades you prefer.
Some groups may only have a three-day free trial, but this isn't long enough to judge the signals properly. Make sure you choose a group that has at least a week-long free trial.
No Distractions
Since some groups are free, they make their money through advertising for brokers. They may also send links in the group, urging you to join or use the broker.
If you don't want such distractions to disturb your trading, you can opt for a paid group or a free one that only sticks to trading signals and doesn't send other links.
How to Join a Forex Whatsapp Group?
To use Forex signals, you need to make sure you have an account on Whatsapp. If you prefer trading on the go, use the Whatsapp app on your phone. Otherwise, download the web version so that you can see the signals on the full-view screen.
Here's how to join a Forex Whatsapp group.
Step 1: Get the Link
First of all, you need to get the link to the Whatsapp group. Let's take the example of ForexGDP. When you sign up for a paid plan, you get a link to join the Whatsapp group.
Step 2: Join the Group
Click on the link to join the group. If the group has space for you, Whatsapp will let you join it.
Step 3: Get the Signals
After that, you just need to keep an eye out for the signals. Depending on your plan, free or paid, you'll get anywhere from one to ten signals a day.
For instance, ForexGDP sends signals with chart analysis and reasons for selling or buying. If you get a signal for the EUR/USD currency group, you'll see both currencies on a line graph, indicating their performance.
Trading signals
The graph will also show when to sell and where the Breakout point is. Similarly, you also get signals for entry and exit. If you execute the trade properly, you can attain a certain amount of pips net profit.
Trading signals
What Are The Best Free Forex Signals in Whatsapp
Based on our review, Forex King Club is among the best free Forex signals on Whatsapp, mainly because it focuses on a certain aspect of trading - the risk to reward ratio.
Once you become accustomed to the signal group and find value in its recommendations, you can get the lifetime plan for just $500 and use the platform for as long as you need.
Meanwhile, Forex Profita is another notable Forex signals group, especially for traders who want to get a large number of signals every day. It's also suitable for active traders who want a Personal Signal Manager to open short positions.
You can use the free trial to determine if you like the signal group before paying for the Standard or Business Plan.
Best Forex Signals in Telegram
Like Whatsapp, Telegram also has several good Forex signal groups. Most of these channels have a large number of members and support activities, such as webinars, to provide ample opportunities for interaction between traders and investors.
While Whatsapp's 275-member group capacity is somewhat of a limitation, Telegram allows thousands of members per channel. Here are some of the best signal channels on Telegram.
Learn best signals in TelegramExpert Opinion
The Whatsapp messenger is highly popular among traders, and it's not surprising to find numerous signal groups here. To find an optimal provider, attention should be given to various details, including the ability to test free signals and the number of subscribers. Ideally, the signal provider should not be anonymous. Signals in messengers can work as effective guides but should also be used as aids. Traders should strive to learn to recognize different chart situations independently and practice executing trades with well-placed take-profit and stop-loss orders. This significantly increases the chances of success in Forex trading.
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!
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.