There you are. You’ve chosen to dive into the forex market. And you’ve already chosen your broker, opened an account, and you’re now finally ready to get your hands dirty. The only problem is – you don’t know where to start. This is, in fact, your first time doing this.
Where to go from here?
You can rest assured that you’re not the first nor the last person that found themselves in this situation. Not by a long shot. Recent research has shown that 7 out of 10 forex traders have no experience in other markets. Only around 15% of traders are profitable in the beginning.
Does this mean that you should give up on your dream of becoming a full-time trader for now?
Certainly not. It just means that you’ll need some help. The biggest help in this situation can come from trading signals. Instead of making investments blindly, you follow someone else’s “signals” and save time and money. Sounds great? There has to be a catch, right?
Well, finding the best forex signals is somewhat hard. However, that’s why we’re here. Below, you can find a list of 8 tried and tested forex signals that will help you make profitable trades.
1. Forex Signals
You want to gain more experience and see how traders do their job? However, you don’t know anyone who makes living trading on the foreign market. Where can you go to gain such experience and knowledge? You just need to visit Forex Signals.
This live trading room has been in operation since early 2012 and for the better part of the last decade, it has given newcomers the opportunity to watch trained professionals do their job live. The team behind Forex Signals is also there to help coach your executive trades.
Besides the signals service, the company also gives members access to a profitable track record where traders can make investments through managed accounts. They’re also the only company on the list that provides 3rd-party verified statistics.
2. Forex Monitor Pro
Do you like tutorials? Then you can tune in every day and watch Forex Mentor Pro videos to hear their experts discuss the state of the market and give you insights for weeks ahead. The longest-running organization on the list, FMP has been in business since 2008.
Their team provides access to three separate trading systems – although there are no statistics given by the team. Furthermore, the users also get access to a huge library of trading training videos that will get you up-to-date, even if you didn’t know much about trading before that.
3. 1000pip Builder
This is another notable name in the forex industry. 100pip is one of the leading forex signals providers on the globe. Their results are independently tracked and verified by 3rd-party organizations.
Moreover, the signals provider aims to give you strong and consistent results with little to no drawdown. Their strategy has managed to produce more than 6k pips in 18 months. And just how does the signals provider work?
The lead trader named Bob will do all of the overly-complicated analysis for you. Whenever a trade is taken through your account, 1000pip Builder will email you a notification or an SMS that fills you in on all of the crucial details of the deal.
4. Daily Forex
If you want to have some free signals that will help you get your career started, then you need to give Daily Forex ago. They have both video and written instructions. That means you can access their knowledge base at any time and be completely immersed. This is a unique offering.
The traders that work at Daily Forex will walk you through the trading process and discuss ideas. You’ll know what it takes to enter the forex market and what it takes to stay a part of it for a long time. There is plenty of useful information on the DF site, and it’s worth looking at since it’s free.
5. Traders Academy Club
The signals provider – formerly known as Vladimir Forex Signals – has been around for a long time. As a matter of fact, this year, they’ll be celebrating their 1-the anniversary in the business. How have they managed to stay in business for so long?
In the beginning, the company was only offering standard forex signals. These signals were sent to groups on Skype and individual traders via email. At its core, the Traders Academy Club is an education center that helps people from all walks of life become familiar with forex.
Although they don’t provide any independently-verified stats, the website of TAC shows all of their past signals and trades by their members. That means you can take their historical data and compare it with your current results any time you want.
6. Baby Pips
The last entry on the list has the most entertaining “About Us” page out of all forex signals providers we’ve seen. Their entire presentation is lighthearted and geared toward beginners. But don’t let the look confuse you, they’re a serious organization with great signals and analysis.
Baby Pips offers a daily pick, where you can find the best trading opportunity of the day. The company’s main goal is to help traders realize the “why” behind trading decisions. In their opinion, this is the best way to learn how to pick your trades without anyone’s input.
The Bottom Line
Just a disclaimer: we didn’t receive any compensation from the providers on the list. None of the signal providers mentioned has no affiliation with the author of the article. Our article was 100% unbiased and based on experience with the aforementioned signals providers.
Our main – and only – mission was to help you select the best forex signals and to launch your career the right way. Keep in mind, that the forex market is volatile and that you’ll have to wait sometime before seeing a profit. Follow the signals carefully, make smart trades, and be patient.
