Paid trading signals
Max Pip FX 1. They provide accurate signals directly via telegram, that are easy to utilize and come with full analysis.
They are completely transparent and meet my expectations as a professional trader. Their marketplace specializes in Forex signals, expert advisors, indicators and much more, but today our focus is on the signals.
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- This includes the respective entry, stop-loss, and take-profit targets.
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In this area, they have a much different approach paid trading signals most commercial providers, because they allow anyone with Forex trading experience to provide signals. While, this can scare off some potential clients, this does allow for a paid trading signals diverse and unique network of traders that are judged solely on their performance, and nothing else.
Along with diverse strategies, the MQL5 market also provides verified trading results, which is surprisingly rare in comparison with other Forex signal providers.
In fact, traders can filter through the potential signal providers based on their results alone. So, you could analyze them and add them all up, but I contest that it would be too much work.
They provide trade alerts to the community via mobile alerts, sound alerts and email. Like many other providers, they get traders in the door by offering free signals, and then charge a monthly fee for premium access. You can see in the image above that the entry price is only available for premium members, which essentially makes the free service useless.
The performance report can be downloaded, but none of these trades are verified or in collaboration with a third party. This is certainly not ideal. The strategy is also undisclosed, so the only way to really test this service is to use their free membership. Started inthis provider promises an The problem with this claim, is that it puts more pressure on the vendor to provide verified trading results, but Andy does not.
There is a graph on the chart that shows huge gains, but none of the information provided is confirmed by a third party. There are no details on the trading methodology. Trades are sent directly to your mobile device via the application which can be found on Google Play, or the App Store.
The thinking behind paid forex signals is straightforward. In return for a small fee, a group of professional traders will send you exactly what forex pair to buy, which you can then follow to generate a nice return. The clear and obvious advantage is the time saved and investment required to be a profitable trader. Outsourcing trading to a group of professionals can be incredibly lucrative so long as you choose a good group to work with.