If you are a beginner in the trading world, it is important to list the best forex signals and providers. Some of them are well equipped to provide information and knowledge. The others are trustworthy and good for experienced players. The best of them are great for both, giving the best combination of knowledge, education, and support.
Why are the best forex signals providers important?
You know that earning a profit on a trading platform is not easy, especially if you are a beginner. For that reason, you need support sometimes daily to show you the real opportunities. You will easily take advantage of trading stocks if you have help from the experts that will tell you what a good option for investing is. Those experts will track changes in the market, help to identify the opportunities and allow you to trade on specific prices. If you are a beginner, you will need the help of the best platforms in this field, but with a friendly-user appearance and simple guidelines.
How to choose the best signal providers?
Like in any other job, you need to set your needs and expectations, along with the knowledge and experience you have. Experts also recommend relying on common features that these platforms have. You will need to pay attention to experience, quality (and put it over quantity), and automation. One of the best platforms, in this case, would be the most popular, too.
- 1000pip Builder
- price action Ltd
1000pip Builder is one of the best forex signals providers and has established a very strong following from traders. Looking at the long-term performance, the model has impressive results independently verified by MyFXBook. The service has high 5-star rates on numerous platforms and sites. One of the most impressive features is the accuracy of the Forex signals and the 1-to1 support provided by the lead trader, Bob James. This is a great place for those who want between 2 and 7 accurate signals per daily and more than 400 pips monthly. The service is based in London but it covers the whole world with signals throughout the day. Now is a great time to join because you can get a 65% discount on the membership plans.
Although not strictly a forex signal provider, eToro is a social trading platform where users can buy crypto and stocks and trade the forex market. The fees are relatively low, which is the reason why it is that popular among clients and traders. They have a service called Copy Trading, which users can use as a signal. Users can use this platform to mimic the trades made by experts on the platform, relying on their signals to make trades.
You can choose which traders to follow, and the platform makes the process easier by analyzing the profiles of experienced traders on the platform. On the other hand, you can select among the various traders using a ranking list, decreasing the risk and possibility of scams. Usage is very simple for beginners. You choose a trader and copy every trade made by the trader. After that, you will be alerted each time when chosen trader provides the entry price, target price, and stop-loss. Users can also select an automatic option and let the system automatically copy the trader in real-time.
There are a lot of reasons why Learn2Trade could be one of the best forest signal providers. The platform was founded in 2006, providing up to three accurate and profitable trading signals daily in the forex market. If you become a member of the Telegram group, along with other 40,000 users, you will be able to receive real-time notifications about the trading opportunities. Those members also have access to daily technical analysis produced by the team and the weekly webinars that hold their top analysts. This is the best platform for beginners, though. You can easily use their friendly-user interface without previous experience.
Thanks to the 15 years of experience, the platform generated only professional traders. Some of them are widely popular and taken as experts in this field over the years. The best part, the platform is supported and heavily controlled by FX/CFD regulated brokers. You will need to pay a minimum $250 deposit, and it will cover your initial trading capital. Learn2Trade provides separate crypto-based signals at similar membership prices. If you are still not sure about the platform, you will have a full 30-ay money-back guarantee, which you can end if you are not satisfied with the service.
price action Ltd is a well-renowned forex signal provider with a half a decade of serving traders’ experience. Most of them respect the platform because of its authenticity and accountability. It is more than one of the best forex signals providers; they give signals to the different ranges and types of traders. They educate trade newbies and build innovative tools to make the process of trading easier.
There is a reason why they have one of the largest trading communities on their Telegram platform. Traders who want to see the performance and test their accuracy can join the channel and watch. Every week the platform has a weekly recap and shares the stated trades, so you can see what the most attractive previous week was. If you want to become a member, you will need to pay a monthly membership fee of $119 or $499 lifetime.
ForexSignals.com is the best combination of signals and trading education, perfectly tailored for beginners. You can easily get involved in trading without any prior experience, thanks to the great professionals and huge selection of educational material. Thanks to this platform, you can easily reach a new level of trading and improve your abilities.
A paid membership plan is especially interesting. You are able to use one of the packages available. The lowest level has a 50% promotion, with a €52 monthly price, or you can pay annually €240. If you are a member of the platform, you will have access to the trading room, daily analysis sessions, weekly hot-picks selections, and interactive workshops. They also provide a real-time global news team.
As a well-established online brokerage platform founded in 2011, FXTM is one of the best forex signals providers for a reason. The platform is regulated by the FCA, SySEC, and FSCA. With more than 250 different trading instruments, the platform is specialized in forex stocks and CFDs. Development of the platform takes until 2016, with Invest Copy Trading service. Users can copy the trades automatically and follow the opinions expert traders have made. They also can choose a copy based on their previous trading history, while the dashboard shows statistics like maximum drawdown, total trading days, profitable and unprofitable days, and average daily wins. You are able to see leverage used by the trader, the profile share owed, and the minimum deposit required.
The platform will not charge any commission for using the copy trading service. They make money through the spreads on the platform instead. Each trader has a profit share level, and the user automatically pays the trader. Taking all in mind, FXTM is another social copy trading platform that you also can use as a signal provider.
Pros and cons of using forex signals for trading?
Although experts will recommend relying on professionals, in this case, you will need to decide if forex signals providers are needed.
They will surely save your time, minimize risk and improve learning. You can rely on them for availability, and surely they are a great option for beginners. It is possible to learn how to trade by using one of these platforms.
On the other hand, they will cost, and in some cases, those prices are extremely high for beginners. Also, you will need to learn about scams and be extremely careful about their reliability. It could be difficult for beginners, though.
Choosing the best forex signal providers for beginners is difficult, and there are a lot of details that you need to pay attention to. However, these platforms are great because they provide information, educate and connect newbies with experts in this field. If you want to start with trading, you will need to research and choose the best model offered. Only in that way will you be able to choose one of the best forex signals providers.