Best Long-Term Forex Trading Signals: Top Providers

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Go to broker’s website Plus500 Overview

If you're too busy to read the entire article and want a quick answer, the best long-term Forex trading signal provider is Plus500. Why? Here are its key advantages:

Is legit in your country (Identified as United States )
Has a good user satisfaction score 6.83 out of 10
Reliable trading signals
Free trading signals on various financial instruments

Go to broker’s website Plus500 Overview

Below, we'll explain in more detail why we believe this and how brokers were evaluated.

Best long-term Forex trading signals are:

RoboForex CopyFX - auto-copies trades of pros for hands-free trading
Traders Union free signals - Free and reliable trading signals
Learn2Trade - Trading signals that are derived using technical indicators only
1000pipBuilder - Forex signal provider with a free trial
Forex Signal Factory - Free forex trading signal provider for beginners

To execute profitable trades in forex trading, a trader must constantly analyze the forex market, which is why finding the best trading signals is very important because it guides you in the right direction saving your time. Considering all the free signals available these days, finding the best long-term forex signal can be a very difficult task. Traders Union experts have done the homework for you. In this article, we have reviewed the best long-term forex signal providers, also telling you what to look out for when selecting a long-term forex trading signal provider.

Top long-term signal providers

Traders Union analysts have reviewed the top five long-term forex signal providers listed below:

RoboForex CopyFX

RoboForex Review

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RoboForex offers the CopyFX service for accessing automated trading signals, allowing traders to automatically replicate the trading strategies of verified signal providers, removing the need to manually place each trade signal received. Through CopyFX, traders can choose from a diverse array of signal providers worldwide and automatically replicate their trades on their own account.

The CopyFX platform has a user-friendly interface that enables traders to easily browse profiles of signal providers and see their performance history, trading style, and current signals. You can allocate any amount from your trading account to a signal provider and their trades will then be copied to your account.

Traders would need to carefully vet signal providers to ensure they employ strategies aligned with longer holding periods. Some factors to consider include:

Timeframes of trades - Look for providers focusing on daily, weekly or monthly charts rather than very short-term analysis.
Holding periods - Favor those with a history of keeping trades open for weeks or months rather than day traders.
Risk management - Low risk profiles suit long-term views, so check for strict money management rules.
Consistency - Steady, sustainable gains over years indicate ability to navigate short-term volatility.

Wide selection of professional and verified signal providers to choose from.
Hassle-free automated copying of trades.
Real-time performance tracking of signal providers.
Low minimum investment.

Potential to copy losses from an underperforming signal provider.

Traders Union free signals

Traders Union stands out for its comprehensive offering of free Forex trading signals and analysis, a valuable resource for traders seeking informed decisions in the forex market in the long term. Analysts at Traders Union take a great deal of time to prepare these signals, covering popular pairs like EUR/USD, GBP/USD, and Gold. Traders Union offers a variety of free signals, including daily, weekly, and 30-day signals. Notably, the platform goes beyond manual signals, providing free indicator-based signals through its website, catering to the needs of those who trade for the long term or those who trade for the short term.

Covers popular currency pairs, including gold.
Traders Union analysts carefully prepare the signals.
In addition to manual signals, the platform offers free indicator-based signals through its unique automated platform.

Relying on automated signals may pose challenges for those who prefer a more hands-on approach.
Signals are slow because they are posted on TU's website, and there is not yet a Telegram group or mobile app available.

Learn2Trade

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Learn2Trade is available to both free and paid users. The signals delivered through the free Telegram channel are accessible to free users and include essential details like stop loss and take profit. For those looking for paid services, Learn2Trade offers subscriptions starting at £40 per month. Longer-term plans provide a significant discount. Those who sign up for a bi-annual plan, for example, pay just £21.50 per month. The platform emphasizes cautious trading by suggesting take-profit and stop-loss orders. The risk-reward ratio for Learn2Trade signals is 1:3. This means that only 1% is at risk of gaining 3%. This is a sound and long-term strategy for safeguarding your trading capital.

Signals are delivered through easy-to-use platforms, including Telegram.
Free service includes important information like stop loss and take profit.
Live chat support is available for quick assistance.

There is limited information on the frequency and nature of signals for free users.
Monthly subscription fees may be a barrier for some users.

1000pipBuilder

Founded in 2016 and led by experienced trader Bob James, the 1000PipBuilder signals service stands out for its unique approach to forex. It sends timely signals via email, telegram, or SMS, offering traders steady access to valuable market insights. There are usually 1-5 signals per day, and users can act on signals or make independent decisions based on expert analysis. They will send you a detailed email explaining how the signal service works after you sign up, and you will begin receiving signals the following trading day. MyFxBook result verification validates the service's credibility. The platform does not currently offer a free trial to test its signals, but monthly subscription plans begin at £44. While the signal is reliable, it can be an expensive option for traders looking for free signal providers.

Signal information is conveniently delivered to your email inbox or by SMS.
Simple-to-understand subscription packages.
Leading the brand is a knowledgeable mentor in forex trading.

There is no direct information available about the platform or additional background on Bob James.
It is an expensive signal provider.
There is no free trial.

Forex Signal Factory

Forex Signal Factory, which was established in 2009 by expert traders, is notable for its independence. Unlike other signal providers who link signals to broker accounts, this platform takes pride in offering a genuinely free source of trading tips. With over 45,000 traders relying on their social media posts, the signals cover forex, stocks, commodities, indices, and cryptos, shared freely on Twitter and Facebook. The service is accessible with no sign-up fees, providing daily signals with entry prices, the most profitable trading times, and recommended stop-loss and take-profit levels. However, the lack of transparency about trading strategies raises questions about the legitimacy of the Forex Signal Factory. By following daily posts on Telegram and social media channels, users can make the most of the service.

Free trading signals on various financial instruments.
Daily signals with detailed information, including entry prices and recommended levels.
Wide accessibility through Twitter, Facebook, and Telegram.

There is no track record of performance for signal providers
No formal customer service
Limited transparency on trading strategies

What are long-term signals, and how do they work?

Long-term forex signals are important for traders with long-term trading strategies because they provide insights into market trends over a longer period of time, allowing them to identify trading opportunities over a larger time frame. These signals are provided by brokers or analysts and provide comprehensive market analyses via email, SMS, social media, or desktop notifications. Forex signal providers make trading easier by advising traders on when to open and close positions. They classify signals as active, get ready, or closed, reducing market complexities. Traders can select between free and paid providers, with some providing additional chart analyses for transparency.

Short-term or long-term signals? Main differences

Here are the main differences between short-term and long-term forex trading signals.

	Long term signals	Short term signals
Type	Swing trading, medium-long term	scalping, day trading
Trading instruments	Cover a broader range of instruments, including highly liquid and less liquid currency pairs	Primarily focus on highly liquid instruments like major currency pairs
Average pips	Target larger pip movements over an extended period	Seek smaller pip movements within a short timeframe
Average time	Trades may span weeks or even months	Trades are executed within a few hours
Pros and cons	Potential for significant profits over time and requires a lot of patience	Quick profit potential and requires constant monitoring of the chart

What to look for in long-term forex trading signals?

Below are a few tips that will help you determine the best long-term forex signal service for profitable trading.

Provider: Assess the credibility and track record of the signal provider. Look for transparency, a strong online presence, and user communities, as these indicate reliability.
Price: While some services charge fees, it's advisable to start with free forex signals for beginners. Once you gain confidence and experience success, you can consider transitioning to paid subscriptions.
User Reviews: Real user experiences are of great value. Check testimonials on the provider's site and explore social media platforms for unbiased reviews. Positive feedback from a community of satisfied traders adds credibility.
Consider the timeframes: Tailor your choice based on your trading style. Scalpers should opt for short-term signals, while position traders should seek signals suitable for long-term positions. Ensure the provider aligns with your preferred time frame.
Look for a free forex signal: If you are unsure or have never used forex signals before, try it out with a free forex signal provider. While some websites charge a fee, others provide free signals. You can use the provider's paid subscriptions once you have gained confidence in making profitable trades from the free signal.

FAQs

Is giving long-term forex trading signals legal?

Yes, providing long-term forex trading signals is legal. Many reputable and regulated signal providers operate in the financial markets, offering signals to help traders make informed decisions.

How accurate are trading signals?

Accuracy can vary greatly depending on the provider. Most professional providers aim for 60-80% accuracy on their actionable signals.

Is it worth paying for long-term forex trading signals?

Yes it is. Most traders find value in paid signals, as they often come with detailed analysis and additional features. However, it's crucial to thoroughly research and choose a reputable provider to ensure the investment is worthwhile.

How do I use long-term forex trading signals?

To use forex trading signals, choose a reputable provider, understand the signal details, implement risk management, place a trade, and regularly review the signal performance for informed decision-making. TU experts advise you to start with a demo account before risking real money.

Team that worked on the article

Winnifred Emmanuel is a freelance financial analyst and writer with years of experience in working with financial websites and businesses. Her expertise spans various areas, including commodities, Forex, stocks, and cryptocurrency. Winnifred tailors her writing to various audiences, including beginners, while also providing useful insights for those who are already familiar with financial markets.

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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.

Tobi Opeyemi Amure is an editor and expert writer with over 7 years of experience. In 2023, Tobi joined the Traders Union team as an editor and fact checker, making sure to deliver trustworthy and reliable content. The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options.

Tobi Opeyemi Amure motto: The journey of a thousand miles begins with a single step.

Day trading

Day trading involves buying and selling financial assets within the same trading day, with the goal of profiting from short-term price fluctuations, and positions are typically not held overnight.

Volatility

Volatility refers to the degree of variation or fluctuation in the price or value of a financial asset, such as stocks, bonds, or cryptocurrencies, over a period of time. Higher volatility indicates that an asset's price is experiencing more significant and rapid price swings, while lower volatility suggests relatively stable and gradual price movements.

Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.

Day trader

A day trader is an individual who engages in buying and selling financial assets within the same trading day, seeking to profit from short-term price movements.

Swing trading

Swing trading is a trading strategy that involves holding positions in financial assets, such as stocks or forex, for several days to weeks, aiming to profit from short- to medium-term price swings or "swings" in the market. Swing traders typically use technical and fundamental analysis to identify potential entry and exit points.

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