The Best Long-Term Forex Trading Signals

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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Your capital is at risk.

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:

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.

eToro

eToro Review

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

Etoro is a well-known UK forex broker that stands out for its unique approach to providing trading signals. Instead of just giving advice, eToro lets users copy the trading strategies of successful investors through its copy trading feature, CopyTrader. So once a trader makes a profitable move, your account automatically makes the same move. It's like having a professional trader guide your investments. With this format, some of the problems associated with other trading signal formats can be eliminated, such as delays in receiving alerts or missed signals. While copying successful traders can be profitable, it is not free, the minimum amount to invest in a trader is $200.

Learn2Trade

Learn2Trade review

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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.

1000pipBuilder

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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.

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.

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.

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.

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.