Forexsignals.com Review 2024 - Should You Try it?
Nowadays, many traders use different electronic systems to get information about the best time to buy or sell particular currency pairs. Forexsignals is one of these systems.
It is an online service that provides real-time market analysis and trade recommendations for multiple currency pairs. But before you use the signal provider, you should read this Forexsignals.com review to determine the accuracy of the provider's signals and how to use them for profitable trading.
Start trading Forex right now with RoboForex!Key points from the article
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Forexsignals.com is an online service that provides real-time market analysis and trade recommendations for various currency pairs based on technical and fundamental analysis.
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It has mobile and online platforms, making signals accessible anywhere. The signals are updated daily.
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In addition to signals, it offers educational resources like video tutorials, webinars, and tools to help traders learn.
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There are different subscription plans ranging from $26-58 per month. Higher priced plans offer more features.
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The platform is legitimate and not a scam. Signals can help traders but may not always be accurate so independent analysis is still needed.
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To use it, create an account, subscribe to signals, and receive them on Telegram. Traders can also follow other successful traders.
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The education resources, free tools, and community support make it more than just a signal provider. Traders can learn different strategies and indicators.
What is Forexsignals.com?
Website address |
|
Place and year of registration |
May 2012 |
What the service offers |
Educational resources, free tools, trading signals |
Fees |
Subscription-based and free tools |
Channels for receiving signals |
Telegram Channels |
Forexsignals.com
Forexsignals.com is a subscription-based online service that provides real-time analysis and trade recommendations for currency pairs. The system is available through a mobile app and an online platform, making it accessible from anywhere at any time.
The main feature of Forexsignals is its comprehensive market analysis. The system uses a combination of technical and fundamental analysis to generate trade recommendations, which are updated daily.
In addition to market analysis, the Forexsignals system also provides an educational component that can help traders improve their trading skills. You can watch a range of video tutorials and webinars or use tools to learn different aspects of trading.
Forexsignals.com educational component
Here are the services offered by Forexsignals:
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Trading Room: It is a live trading room where you can follow along as the professionals trade.
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Live Webinars: There are weekly webinars discussing different topics related to trading.
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Video Courses: You can watch videos on demand that cover a variety of trading topics.
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Education: The Education section covers non-farm payroll, Forex, MT4, prop trading, technical indicators, and other important topics.
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Strategies: Forexsignals.com covers four strategies, including naked trading, swing trading, Forex scalping, and Wave dash forex strategy.
The platform also has a range of free tools, such as lot size calculator and profit calculator. Moreover, you can use the currency heat map on Forexsignals.com to understand how different currency pairs are performing.
Currency heat map on Forexsignals.com
Is Forexsignals.com a Scam or Safe?
Forexsignals.com generates signals using two methods.
First, the service uses technical indicators to analyze price movements and generate trade signals. These signals are then sent out via Telegram subscribers, who can choose to act upon them or not.
Second, Forexsignals.com also features a social trading platform that allows users to follow successful traders, copy their trades, and make additional income.
Forexsignals.com is not a scam. Rather, it is a legitimate service that offers valuable signals to help traders make more informed trading decisions.
Although the signals may not always be 100% accurate, they can certainly provide valuable information that allows traders to enter and exit trades with greater confidence and accuracy.
Traders already using Forexsignals.com are satisfied with the provider, as evident by its 4.6 rating on a TrustPilot.
Forexsignals.com rating on a TrustPilot
Moreover, the platform is also highly regarded within the trading community, with many users citing its ease of use and reliable signals as key reasons for their satisfaction.
Forexsignals.com Signals Plans and Fees
Forexsignals.com claims to be your one-stop for all trading needs. For one, you get market analyses from some of the world's top economists and trading signals. The company also provides a free trial so that you can test out their services before committing to a paid plan.
If you enjoy the website's services in the 7-day free trial, you can opt for one of their three paid plans.
These include:
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The Professional: It's the most basic plan and costs $26 per month or $312 billed every 12 months.
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The Apprentice: It costs $58 per month and is billed monthly.
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The Committed: The plan costs $37 per month or $222 billed every six months.
| The Professional | The Apprentice | The Committed | |
|---|---|---|---|
Price |
$26 per month |
$58 per month |
$37 per month |
Annual Billing |
Yes ($312 per year) |
No |
$222 every six months |
Features |
- Real-time global news stream |
All features of The Professional except |
All features of The Professional except direct line to mentors |
How to Use Forexsignals.com Signal Provider
Like any other signal provider, you can use the service to get forex signals for your trading. You can either use their signal directly or use it to supplement your analysis. In any case, getting another perspective can help you make more informed decisions.
To use Forexsignals.com, simply create an account and then subscribe to the signal provider of your choice. You will receive signals through Telegram once you've subscribed.
You can also check out the commentary provided with each signal. It will help you better understand what is happening and why the price is moving in a specific direction.
However, keep in mind that signals aren't 100% accurate, and they should be used as a guide only. It's essential to do your own research and analysis before making any investment decisions. Here's how to use Forexsignals.com for Forex signals:
Step 1: Sign Up
Registration on Forexsignals.com
The platform has a Trading Room where you can access live signals and commentary. After signing up and subscribing to a paid plan, you'll enter the Trading Room.
The Forexsignals.com Trading Room has the following features:
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Chat with Traders: You get direct access to mentors, which allows you to learn from the best and take your trading to the next level. You can ask questions, give your opinion on trades, or chat with other members.
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Daily Live Stream: The mentors host a live stream every day at which you can learn different techniques and strategies.
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Trading Signals: You can see what other traders are trading and copy their trades.
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Trade Discussions: Members get daily reviews of the Forex market by professional traders, which gives them an edge in their trading. The reviews include technical analysis and news about major economic indicators.
Step 2: Follow Traders
Choosing traders to follow
Depending on your trade preferences, you can choose traders to follow. Once you've followed them, they will send you daily trade ideas. You'll get these ideas in your email inbox.
Step 3: Initiate Trades
Initiating Trades
After doing your research, you can initiate the trades suggested by the signal providers. It's important to remember that these are only suggestions – it's up to you to make the final decision.
Forexsignals.com Educational Content
Besides the Trading Room, Forexsignals.com also has a comprehensive repository of educational content. For instance, you can learn about different strategies, Forex indicators, and more.
Suppose you want to learn about MT4. Then, you can find plenty of articles, tutorials, and webinars on the subject. The platform has more than 300 hours of video lessons that beginner and veteran traders can use to learn new trade concepts or hone their existing skills.
Quite interestingly, the platform also has interactive quizzes. Traders can use these quizzes to test their knowledge. If you’re still confused, you can get in touch with one of the mentors on Forexsignals.com to resolve your queries.
Moreover, the Knowledge Base is highly beneficial for those who want to improve their trading skills and knowledge. The best part is that all this content is free.
Besides the educational resources, Forexsignals.com also has many free tools. Some of them include:
Lot Size Calculator: With this calculator, you can determine the appropriate lot size for your trade.
Lot Size Calculator
CAGR Calculator: CAGR stands for “Compound Annual Growth Rate.” It is a number that represents the yearly rate of return on an investment over a period of time. A CAGR calculator helps you determine the compound annual growth rate of an investment.
Monte Carlo Simulator: The Monte Carlo Simulator is a method for simulating the evolution of a system over time. The method was first developed by mathematicians in the early 20th century and has since been used in various fields, from physics to finance. The Monte Carlo Simulator works by randomly generating numbers that represent the state of a system, such as the trade market, at different points in time. These numbers are then used to approximate the properties of interest, such as the system's trajectory or probability density function. It is important to note that Monte Carlo Simulation is not a technique for generating precise numerical values but rather a method for approximating outcomes.
Monte Carlo Simulator
Currency Heat Map: A currency heat map shows you the relative strength of different currency pairs. Then, you can use this information to trade or adjust your trading plan. The horizontal axis of a heat map shows one currency pair, while the vertical axis shows another currency pair.
These are just some of the free resources that Forexsignals.com has to offer. Clearly, it is much more than just a trading room. You can use these tools, calculators, and resources to make informed trade decisions.
Best Forex Brokers With Signals
Nowadays, some Forex brokers provide their clients with Forex signals, which are trade recommendations.
Good Forex brokers with signals can help you make more money when trading currency pairs on the international exchange market. It is because these companies provide reliable Forex signals and other helpful information that can help you make lucrative trades.
eToro (Copy Trading Signals)
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro is a popular copy trading platform where you can copy the trades of veterans or more experienced traders. The platform has a user-friendly interface and makes it very simple for new traders to get started with copy trading.
With more than 3,000 symbols, eToro gives you access to many markets. Most importantly, the platform is considered very safe since it has been regulated by the Financial Conduct Authority and Australian Securities & Investment Commission.
Besides Forex pairs, eToro also offers other investment opportunities, such as CFDs, stock pairs, and cryptocurrencies. Since the broker also has a mobile app, you can use its services on the go.
FxPro (Copy Trading, PAMM accounts)
FxPro is another popular Forex broker that offers a number of valuable features to its clients. Some of their products include PAMM accounts, copy trading, and Metatrader 5 trading platform.
PAMM accounts are managed accounts that you can use to copy traders from other investors. Such accounts allow you to profit even when you are not trading yourself.
FxPro also allows for automated trading with its proprietary platforms, such as the FxPro SuperTrader and Strategy Manager tool.
FAQs
Can I make money from just signals?
Signals alone do not guarantee profits. Active research, analysis, experience, and risk management are also needed. Signals supplement traders' own skills.
What if I miss a signal?
If a signal is missed, don't worry - there will always be other opportunities. It's important not to force trades and focus on your strategy.
Is the trading room helpful?
Yes, the trading room provides live interaction, learning and flexibility to ask mentor traders questions which some find valuable over just signals.
How long does it take for profits to be seen?
It may take weeks, months or years to realize returns as trading involves inherent risk. Consistency over sustained periods tends to prove a strategy's viability.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.