SIGNALS – Are they worth it?
The answer is Yes and No. How worth the trading signals are depends on number of factors like track record, accuracy, strategy etc.
Nowadays, believe me, every kid claims to be a ‘perfect trader’ and wants to provide you with his so-called expertise. The whole idea of being a signals provider is lucrative, and in turn, there is a net of scammers in the trading industry.
So, does that mean you shouldn’t use trading advice? No! trade signals are very helpful if they come from a genuine provider
Read on below to know more about how to select the best signals provider.
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The quality of the trading signals will either help you make profits or make losses. Everyone can use these signals, be it a newbie or an experienced trader because they do not require many skills when applying them.
The signal selection is essential, and it is advisable to check various factors before selecting the signal to trade with. To select the best signals for Forex trading, you should consider the following factors:
The Free Trial:
The best signals provider always provides free trials for the traders to test on the quality of the signals. You should be able to sign up for free and test the trade advice.
Before you start trading, you should always check on the trade signal providers’ time zone. This ensures that the trade calls you are using will run when you are comfortable or when you are already awake.
selecting the best signal providers in Forex trading is one of the most challenging task ever, especially if you are not experienced in Forex trading. On many occasions, the beginners always found themselves landing into the trading scams.
A good Trade calls provider will have an accuracy of at least 60% or higher. This means that you should always try to select the traders with great history compared to the new traders whose trading results are just skewed.