10 Best Forex Signals Providers
To understand Best forex signals and the need of these forex trading signals we have to first understand What is the Forex Market?
Forex Market is a place where many traders buy and sell currencies daily to earn profit from the fluctuation in exchange rates.
There are several advantages in the forex market, such as high liquidity, leverage, volatility, margin trading etc. A trader can make a large profit by investing in small amounts.
However, making money in the forex market is more challenging than it sounds. It is the largest market in the world with not even a physical location and large numbers of participants.
Here's a quick look at what you'll read
Forex Market is a place where a large number of traders buy and sell currencies.
The Forex Signal is a trading idea generated through mathematical calculations to execute a trade effectively.
A trader can get signals through email alerts, SMS, desktop notifications, Telegram messenger, WhatsApp, etc.
- 1000pip Builder
- ForexSignals.Com
- Learn 2 Trade
- Zero to Hero
- Daily Forex
- etoro
- Forex School Online
- MQL5
- Pips Alert
- FOREX.com
What is the need for Professional Forex Signals?
Currency Trading in Forex is affected by several factors, such as different time zones, news events, country’s economic and social conditions, etc. You must continuously study these trends to predict the market better and develop an effective fx plan.
A trader must continuously observe the price movements to invest in the right currency pair at the right time. However, it is impossible to monitor the currency market continuously. Hence the need for forex traders signals arise.
What are Forex Signals?
The Forex Signal is a trading idea generated through mathematical calculations to execute a trade at a predetermined price and time.
These forex signals are generated based on historical price action movements to predict future movements with the help of Artificial Intelligence and algorithms.
Forex Signals Service provides the trader with a time to open or close a trade. It also provided the trader analysis of the market condition.
Where to get FX signals?
Various fx brokers, advanced traders and market analysts in the market provide free forex signals through email alerts, SMS, desktop notifications, Telegram messenger, WhatsApp, etc. You can get it from social media platforms by joining this group.
Also, it is a great way to meet like-minded people and learn about trading. Many platforms also provide the services of paid signals. These are more accurate. You can also subscribe to their services. They will give you four to five signals per day.
10 Best Forex Signals Providers
- 1000pip Builder: Most Trusted Forex Broker
- ForexSignals.Com: Best for All Forex Signal Ideas
- Learn 2 Trade: Forex Signals with Accuracy
- Zero to Hero: Premium Signals at a reasonable price
- Daily Forex: Best for free forex trading signals
- etoro: Best Overall Signal Providers
- Forex School Online: Best for Beginners
- MQL5: Forex Signals by Experts
- Pips Alert: Best for Long term forex signals
- FOREX.com: Forex Signals and Trading Education
1000pip Builder: Most Trusted Forex Broker
1000pip Builder is among the most trusted forex signal providers, with good consumer reviews. It got first place in our list due to its signal accuracy. It provides the best customer service with high-performance forex signals.
The Forex signal provider is famous for its consistent performance even during complicated market conditions. It has large numbers of successful trading performances. It claims to give the trader the maximum return by their forex signals.
Pros
- One-on-one expert supervision.
- Overall great reviews of traders.
- Provide signals through Telegram, emails, sms, etc.
Cons
- Not provide free forex signals and indexes.
ForexSignals.Com: Best for All Forex Signal Ideas
ForexSignals.com is among the best Forex signals providers for novice traders with little experience in trading. Besides providing forex signals, this platform provides traders with the best educational material to understand FX trading.
Pros
- Provides Best trading packages.
- It provides 24/7 customer service
- User-friendly interface.
Cons
- Signals are generated by using technical analysis tools only.
Learn 2 Trade: Forex Signals with Accuracy
Learn 2 Trade is amongst the most popular forex trading signal providers in the United Kingdom. It mainly provides services related to Forex and cryptocurrencies. This platform is best for both beginner and advanced traders.
This Forex Signal Trading platform provides services such as chart analysis, market trends, etc. It offers both free and paid forex signal services up to three forex signals per week.
Unlike other trading platforms, Learn 2 Trade offers free forex signals, including stop loss, take profit, and entry price.
Pros
- Provides three forex signals per week.
- Free Forex Trading Signals
Cons
- Complicated interface.
Zero to Hero: Premium Forex Signals at a reasonable price
It is a UK-based forex signal provider. It is not only best for experienced and advanced traders but also for newbies in forex trading. A third party also verifies the trading results of Zero to Hero.
The signal provider charges $95 per month for providing signals. However, it also offers a 7 days trial period to the trader. This platform is best for traders who want large numbers of daily and live forex signals.
Pros
- Offers 10 Trading signals per day.
- Competitive prices
Cons
- Unverified previous performances
- Offers only paid services
- It does not provide trading education.
Daily Forex: Best for free forex trading signals
DailyForex.com is one of the most popular forex trading signal provider platforms for market analysis and trading. Over half a million people monthly visit the site for trading.
The best part about DailyForex.com is that it provides free forex signals daily for currency trading.
Pros
- Easy to understand.
- Reliable Analysis
Cons
- Does not provide 24/7 customer support
etoro: Best Overall Signal Providers
eToro is one of the most popular forex signal providers in the UK. It provides effective trading information to traders to develop trading strategies.
The trading platform is well known for social trading features and copy trading. It enables its customers to buy or sell trading signals from the advanced and experienced traders on its site.
In this way, a beginner trader can copy the trading strategy from these experienced traders. Copy trading is best for decreasing the risk associated with Forex and CFD trading.
Pros
- Best for copy trading
- Provides successful trading strategy from successful traders.
Cons
- High Withdrawal Charges
- Time-taking Account verification process.
Forex School Online: Best for Beginners
With the name, it is clear that Forex School Online provides signal services to traders and is a popular platform that provides financial education courses and training to traders.
Forex School Online is among the best forex signals platforms. It provides traders with the best educational material and courses, Forex signals live, trading guides, tools, daily forex reports, technical analysis etc. Based on these services, a trader can determine the future movements of currencies for trading.
It also gives the trader the educational tools to make charts using the available data. The daily forex signals offered by the Forex School Online are derived solely from price action strategy.
Pros
- Provide Forex Education and Training
- Free Price Action Guide
- Complex Trading Signals
- 24/7 customer support to help traders
Cons
- Learning how to read forex chart patterns can be a steep learning curve
- Free trading signals only to VIP members.
MQL5: Forex Signals by Experts
MQL5 is one of the most popular forex signal providers that offer the best trading signals. It also provided trading strategies to its account holders. Anyone can post signals on the platforms.
Pros
- Best for MetaTrader 4 and MetaTrader 5 platforms
- Trading signals at the MQL5 platform are verified
Cons
- Anyone can post the signals.
- Most of the signals are free.
Pips Alert: Best for Long term forex signals
Pips Alert is one of the Best forex signals providers that offers its customer two strategies to select from trading. It also provides traders with the live market signal and monitors the market 24/7.
This platform provides the traders with the exits, entries, break-evens and pivot points to make the strategy accordingly. It also provides its customers with trading education and training.
The best part about the Pips Alert is that it offers a 14-day money return guarantee. It gives the traders adequate time to identify whether the trading platform is best for them and fulfils their needs or not.
Pros
- Provides Unpaid forex course to traders
- Provides effective Trading Strategies
Cons
- Does not provide free forex signals.
- Does not provide exciting discount offers
FOREX.com: Forex Signals and Trading Education
FOREX.com is one of the popular forex trading signals providers situated in the USA. The signal provides detailed information about entry, exit, and trading pivot points.
The platform provided various advanced automated trading tools for a trader to analyze the market. The trading signals from FOREX.com offer entry and exit points and Pivot Points.
Based on the predefined criteria of a trader, this platform generates signals automatically. It helps the traders to develop the trading strategy accordingly.
Pros
- Great use of Technical Analysis Tools
- Best for forex Brokers of Australia. ‘
- Use of Detailed Charts
Cons
- Does not provide Free Forex Signal
- There is no fixed number of forex signals
Conclusion
Forex Signal Providers enable new traders to understand what trading is and implement their strategy based on signals provided by experts. It will increase the chances of profit-making in the dynamic forex market.
Apart from these Forex Signal Providers, many other signal providers offer their services to traders. Each trading platform has its features.
However, a trader needs to keep factors such as Experience, Quality of service, strategy, time zone, trading fees, etc., in their mind before selecting the best forex signals provider.