Forex Signals options
There are several companies and websites that offers Forex trading signals services as providers mainly for traders with no time or knowledge to trade by themselves. These companies in exchange for paying a monthly fee send Forex trading signals to the customer at least once a day. The obvious advantage of this service is that the customer does not need to watch and analyze the market all day . This service can also be used by customers who do not know nothing about financial markets like the Forex market for example. In these cases the client only receives the signal, open the trading plataform with his broker and then open the position(s) according to the instructions send by the signal provider. This saves a lot of time to the investors that cannot watch the markets all day. Also avoids the need for long and complicated analysis before entering the market leaving the job for expert traders or automated trading systems designed by the same kind of market experts.
Generally, the signals are to trade in the Forex market, but depending of the company and there services, the client can also receive trading signals to trade in other finantial markets with other instrumenst such as stocks, indices, Futures, commodities and others. As mentioned before, this depends on the company. The trading signals are sent to the client by the following methods:
- By e-mail.
- By SMS message.
- Through the company website.
- Through a specialized web-based software of the company.
Also, there are some Forex brokers that offer complete services of market alerts and trading signals for customers who open a trading account with them and deposit a certain amount of capital. The quality of the service depends on the broker but in general could be very useful. The companies dedicated to the trading signals service charge a commission for their services depends on several factors like the following:
- The frecuency of the trading signals.
- The number and types of instruments on which the client wants to receive signals.
- The use of aditional services.
These companies usually charge between 20-100 dollars (each month) depending on the services contracted by the client. In most cases, these companies offer a free demonstration (a demo account) of its services and products for 1 month or more. This is an interesting advantage of these companies that can be used by the client to verify the effectiveness of trading signals.
The following is a list of companies dedicated to the service of trading signals:
| Company Name | Instruments | Complete Review |
|---|---|---|
| -EUR/USD, EUR/GBP, EUR/JPY and USD/JPY -Shares of the stock markets in United States and Europe -IBEX 35, S&P500, DAX 30 and Eurostoxx 50 -Futures on Mini S&P 500, Mini IBEX 35, German Bonuses (Bund) and Eurostoxx50. | Review |
XEMarkets | EUR/USD, GBP/JPY, USD/JPY,GBP/USD, EUR/JPY, AUD/USD, Gold, Dow Jones, NIKKEI, Crude oil | Review |
TradeFXPlus  | EUR/USD, GBP/USD, USD/JPY and USD/CHF | Review |
Liquid Markets | EUR/USD, GBP/USD, USD/CHF, USD/JPY, gold and crude oil. | Review |
Intelli4ex  | EUR/USD, GBP/USD,AUD/USD and USD/CAD | Review |
| ZIFX.com
| EUR/USD, GBP/USD, USD/JPY and USD/CHF | Review |
Forexsignal  | EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD and EUR/JPY. | Review |
Signaltrader  | Forex market, commodities and stock indices. | Review |
Millenium Traders  | Forex market, Futures and stocks. | Review |
Netpicks  | -Forex market (20 currency pairs) -Futures (eMINI and DAX futures). | Review |
Zantrio  | Forex market, Futures and stocks. | Review |
Signalsforex  | EUR/USD, USD/CHF, GBP/USD, EUR/CHF and EUR/GBP. | Review |
Direct Signal Fx  | EUR/USD, USD/JPY, USD/CHF, USD/CAD, EUR/GBP, GBP/JPY and EUR/JPY | Review |
