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FOREX TRADE SIGNALS SERVICES

FOREX ENTRY SIGNALS / TRADING ALERTS and
FX AUTOTRADER / AUTOTRADING

(This section is about professional  fx trading alert services, there is another section dealing with downloadable forex trading software which can generate your buy/sell signals / alerts on own pc).

Why Forex Trade Signals?  For many reasons, some forex traders prefer to “buy” their forex entry signals rather than work them out for themselves.  Usually it’s a time thing, they have a day job away from a computer, or maybe they’re still learning forex trading but want to get the “earning” bit going as soon as possible.

For whatever reason, there’s a thriving forex trade signalindustry out there.  But be very very careful!!!

Every FX signal provider will show you pages of trading history proving that their system works better than everyone else’s, but take them all with a pinch of salt – they are usually presented as though every trade was perfect  - with a perfect entry and a perfect exit, and that never happens in real life.

But if you work out your own way of using signals, create your own system, chart forex signals as they’re received  and don’t get too greedy, they can be a very profitable short-cut to success….

FOREX
ROBO TRADER

If you work for a living, and want to trade  by remote control, you should seriously consider this fully automatic system.  It links into the Metatrader system, and can be used to trade mini-lots or full lots with a high degree of accuracy.

RoboTrader can be used from anywhere in the world, and the only additional cost over and above the very low purchase price is a minimum $250 (about 120 GB Pounds or  150 euros) to start a mini accoubnt at Metatrader.

The web site contains plenty of testimonials from satisfied (and richer) users, and because is is so inexpensive, I think it is certainly worth a look.

To go to the site and look at the testimonials and the results for some users, just click on the graphic below.

(click to visit Robo Trader site...)

Pro Signal -
(fairly) simple
online trading

Fairly accurate signals suitable for intra-day traders who ARE at the end of a ‘phone or next to a computer and ARE in a position to get a trade on pretty sharply.

You can get signals to your mobile or straight to your pc, and the buy-in signals are pretty good. They seem less good at advising you when it’s time to bail out, so once into a trade it’s advisable to keep an eye on your screen or be very meticulous about setting trailing stops – and don’t be greedy!

Most users subscribe and combine a Forex Trading Alerts service into their busy working day because they do not have the time to watch the screens continuously. My advice to them is to paper trade for a couple of weeks whilst working out how to react to the incoming signals (which can hit you in a flood around 1:30 GMT / 8:30 eastern ) and particularly how they can react to “close” signals.

FOREX MANAGED ACCOUNT
Launched in 2007, they also have a totally hands-free service with an added profit advantage in the rollover interest which naturally accrues to an account anyway. The figures look absolutely great and the profits even greater! The drawback – you need $10,000 to join. It’s called a “Forex Managed Account” and is certainly worth a shufty….

Worth a look at their very well designed site? Yup!

(click to visit)

Forex Swing Signals

Their site is the exact opposite of all the brash and over-the-top sites we’ve come to expect. No graphics, no ads, no charts, just reams of text and dozens of testimonials, but the message is clear:-

“Master hedge fund money manager
won’t reveal his secrets, but will let you in on his
phenomenal 754 pips per month results.”

At the site you can check David Stalgart’s results back to 2004 for yourself - on a pretty rudimentary Excel spreadsheet.

There is an extensive questions and answers section, from which we learn that typical trades are help between 1 and 21 days, with an average of just over 3 days. Between 2 and 5 trades are issued every week, and unlike many other systems, these trades are posted on the site itself for subscribers to access when it suits them.

David’s communications skills are non-existent “I never answer phones” and “I may kick out anyone who emails me more than 4 times a day” are just a couple of his quotes. You have to believe therefore that his trading skills more than make up for this – or he’d not have any clients! (learn more…..)

WHY USE FOREX SIGNALS?

The Forex Trade Signals Services market (or Forex Alert Services as they are often called) is an evolving and growing market within the forex trading community, with more and more companies entering the market.

Their target of course is those aspiring forex traders who are finding currency trading difficult - not necessarily in terms of their forex trading techniques (which may be excellent), more often they are just lacking the time!

They do not have the time to acquire a forex education, to learn forex trading successfully, or they do not have the time to put in the hours to trade. Frequently they want to take part in forex day trading but they have a day job too.

For many forex beginners, a forex trade signals service is a great way of getting up to speed in the shortest possible time..  Becoming a successful forex trader - however you achieve it - is a great spur to putting in the extra time and investment in forex books, forex videos, forex training courses - whatever is required to eventually stand alone and do it your way.

Many regard it as just another investment - with the added incentive that in many countries (the UK in particular) forex trading income is untaxed (it's treated as betting). For a successful currency trader in the UK that's the equivalent of another 65% on his income - a great incentive to "tough it out" and learn forex trading however long it takes - especially if someone else can do the thinking for him.

The companies seem to be trying to outdo each other in their claims of "Pips Achieved". My recommendation is to study the service in terms ease of use by YOU- the individual. Can you get your trade on as soon as you receive it, can you review it as it progresses, and if not, can you rely on the signals provider's "sell" signals being timely and reliable?

Remember, it's the pips that YOU capture which are of interest to you. If you need more money, just increase your investment per pip.

A nice steady ten pips per day is more useful than a frantic 30 pips which may sometimes turn into a loss if you aren't able to close out the trade in time, or enter it too late.

We all want to make easy money, and it's pretty easy to make money online. But it's also pretty easy to lose it too! DO your homework, take advantage of any "free periods" which are offered, paper trade to check out the service and if you can work with it. Don't be afraid to withdraw from a service and try another - and you should find one that suits you just fine.

Here is an interesting and helpful forex trading article.  

You will find lots more articles on my “Interesting Forex Articles” page.

You will also find the latest Forex News on other the news pages, and some other fascinating stuff (and help that you may not know even existed) on the Forex Tools  page and the Brokers / Spread Betting page.

Article:

How To Separate Hype From Reality In Forex Trading

For most people who may be thinking of entering the Forex trading game some of the terminology can be confusing. In fact there are many who don't really understand what Forex is about to begin with. In a nutshell, Forex or FX is a term that is used to describe the trading of multiple forms of currency all over the world. Some want to get into FX just because they like the idea of how exciting and exotic it sounds to be trading foreign currencies, but there are many risks and advantages involved.For starters, the market for foreign exchange is enormous.

There are over 100 times more trades than the New York Stock Exchange with nearly two trillion trades every day! In addition to the incredible volume, Forex trading is also almost entirely speculative, which gives it somewhat of a higher risk than some may be accustomed to.

Still another large difference is that unlike trading through a central exchange like the NYSE, the trading occurs on the over the counter or OTC market. Trades like these are completed directly between the seller and the buyer via telephone or online. One of the biggest differences in my opinion that can be a positive or a negative is that the trading takes place 24 hours a day in major cities all over the world, unlike the major stock markets which close at specific times each day.

The main trading that drives the Forex market is called currency trading which is a trade where one currency is bought and another sold at the same moment. This act of trading is known as a "cross" in the FX movement. Some of the most traded currencies include the US dollar, the Australian dollar, the British pound sterling, the Japanese yen, and the European Euro, with the US dollar accounting for almost 90 percent of all currency trading. The next most popular currency is the Euro, which is involved in almost 40 percent of all trades and gaining popularity all the time.

The values of the currencies fluctuate daily in reaction to news reports on changes in inflation, interest rates, gross domestic product growth, trade and budget deficits and surpluses, as well as many other economic factors. This is the reason you will see those who are highly involved in Forex trading following the news reports very close and staying on top of breaking news 24 hours a day through the internet and 24 hour cable news channels.

As you can see there are many differences between FX trading and regular stock trading and it is very easy for a novice to lose a lot of money by not being informed. It is best to start out slow and learn the business before investing a large sum of money.

Gregg Hall is an author living in Navarre Beach , Florida . Find more about this as well as foreign currency trading at http://www.FXTradingStrategies.com

Article Source: http://EzineArticles.com