Forex traders decide whether to buy or sell a currency pair at a given time based on the forex signals. Basically, forex signals help traders to identify the right trading opportunities at the right time. According to Wikipedia, a forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. Most of the signals are based on the analysis of technical indicators. Forex signals are sent to a trader by service signal providers. Most of the time these signals are generated manually by a human forex analyst or artificially intelligent trading system. Below are 6 best forex signals providers you can use in 2020:
Our top pick: ETORO – Copy Trading
Maybe you have seen this ad before, “Trade like a steve”. It's all about copy trading and even though this video is quite funny, it's a great feature where you can follow verified top investors with great records and get buying signals from them or even just copy their trade automatically. Etoro also states that the top 50 most followed traders have historically a yearly average profit at 29.1%
Learn 2 trade
Learn 2 Trade is one of the best Forex Signal Providers offered today and offers, among other things, chart analysis, market trends, and signal delivery through a telegram. Learn 2 Trade is a U.K. based Forex and Cryptocurrency platform that educates both beginners and advanced traders, the platform is user friendly and it also offers a 24/7 customer service to answer any questions you may have. Another positive note with Learn 2 Trade is that their signal service is based exclusively on technical analysis.
Traders get offered a Premium Signals Service from Learn 2 Trade that comes with a cost, which gives you 3-5 Signals per day, and these cover Crypto, Commodities, Indices, and Forex. The Premium Signal Service has an 82 % Win Success rate and gives an average monthly Gains of 30-40 %. The monthly cost goes down if you choose to pick a more extended plan, and if you select the six-month program, the monthly cost goes down.
There is also a Free Service offered that gives you 3 Free Signals per week, have major, minor and exotic covers, and you do not have to enter payment or card details to use this service. This Free Service allows users who are new to Forex Signals to use their service without risk and there’s no rush to upgrade to the premium service.
Traders that open an account with the broker that Learn 2 Trade recommended and deposits with them, get a Free one-year subscription
Learn 2 Trade is a unique site and is better than most signal providers with a score of 92 % of success. The team behind Learn 2 Trade is genuinely dedicated to its users to provide the best platform around and have an excellent reputation today. To learn more about Learn 2 Trade and start using their service click the button below.
Forex Signal Factory
Forex Signal Factory team has done a good job throughout the three years of operating. It is completely free and a great guide to assist with manual traders looking for quality entries. It is not easy to find a free good forex signal provider in this market with a lot of competition but Forex Signal Factory is one. Now they might not be the most reliable alerts but they are free.
Darwinex offers access to a wide variety of instruments. It is considered to be a safe forex signal provider. It operates from 2012 and it is based in the United States. It is very easy to access and it is funded in three different currencies – USD, EUR, GBP. It is characterized by great guides and excellent customer support. Furthermore, it provides free historical tick data, free demo, low interbank spreads, etc. The downside of Darwinex is that you have to use their in house broker in order to follow the signals.
A team of 15 traders has combined 98 years of their experience in the Forex Marketplace creating this forex signal platform. An interesting thing about Pips Alert is that they believe that charts and analyses are not necessary for their trading services. Trades can be accessed via the online dashboard platform. The downside of this platform is that the trading results they provide are not up to date. Therefore they need to do a better job when providing trading results and trading strategy information.
ForexSignals.com is one of the most reliable forex signals providers. It is beginner-friendly and it offers the opportunity to get familiar with advanced trading features such as copy trading or investing in highly successful traders. It operates since 2012. This forex signal provider claims that it belongs to the top 1% category of successfully forex traders. They are characterized by transparency and great customer service. Also, they give their clients access to live trading and discussions they do related to trades.
This platform is filled with a unique network of traders that are judged only by their performance. MQL5 allows anyone that has forex trading experience to provide signals. Also, it provides verified trading results and traders can filter through the potential signal providers based on their results alone. Therefore, if you have the trading experience you probably should go with this forex signal provider.