Nigeria Forex Signal Trading - Scammers Collect Money for Training

Many Nigerians today dream of hitting a fabulous fortune from working on the Internet. While there is absolutely no harm in dreaming big, for some, it is sheer greed. Greed that makes them ready to believe just about anything they read or hear about making money online.

A case in point is forex trading in Nigeria. On my recent trip to Ibadan, I saw several advertising drives, aimed at recruiting forex traders. Huge posters and banners have defaced just about any available public space in some parts of the ancient city. Many of them were advertising “forex training”, while others were advertising e-gold funding/exchange.

Wikipedia describes the term Foreign exchange market (forex trading) thus:

The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex markets currently exceeds US$ 2–2.5 trillion [citation needed]. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks.

It is indeed possible to make money from forex trading online but then what the “trainers” do is to massively hype the returns one could make from forex trading. Thus, many Nigerians are attracted because they are informed that they could earn very high returns on their investment capital.

These hypes have resulted in many loosing their money due to mis-information and have ended-up denting the reputation of the forex trading brokers to the extent that Fx Solutions (FxSol) had to stop dealing with Nigerians completely. A mail from FX Sol has been making rounds in online forums recently:

Dear Trader,

Thank you for registering for a practice account. However, FX Solutions, in an effort to help protect the citizens of Nigeria from fraudulent schemes, is no longer accepting live trading account applications from Nigeria.

FX Solutions is taking this action as the company has noticed a rapid increase in instances of fraud that promise unrealistic expectations in foreign exchange trading, while specifically targeting Nigerian citizens. Nigerian citizens should be aware that there are risks associated with all trading, and there is no methodology that can eliminate risk or guarantee performance.

If you are still interested in trading foreign exchange, please consider opening a practice account with another broker.

Regards,
FX Solutions

These “trainers” charge between 15,000 naira and 100,000 naira (between $115 and $781) for training sessions that last for between 1 day and 3 days! Now, how someone can learn the nitty-gritty of a sensitive activity like forex trading in 3 days (talk-less of 1 day), beats my imagination! What such “trainers” only do is to introduce their audience to the basics of forex trading and expect them to figure out the rest themselves. The charitable ones among them give their trainees some printed or CD tutorials, and thus the money spent on training is exhausted.

Do not get me wrong. Forex trading is real and a trillion-dollar industry. It is indeed possible to make money from the foreign exchange market. What Nigerians need to be careful about are scammers who would only give you rudiments and collect your money in the name of training.

An Excellent Presentation on Forex Signal Trading

If you are looking for the Forex Trading Holy Grail, you may want to watch this video for the truth. A very realistic and practical look at Forex today. An excellent presentation.

Forex Signal Trading Tips

Tip 1. Gamblers go to casino. All unproved, spontaneous actions in Forex trading — are a part of pure gambling.
Any attempt to trade without analysis and studying the market is equal to a game. Game is fun except when you are losing real money...

Tip 2. Never invest money into a real Forex account until you practice on a Forex Demo account!
Allow at least 2 month for demo trading. Consider this: 90% of beginners fail to succeed in the real money market only because of lack of knowledge, practice and discipline. Those remaining 10% of successful traders had been sharpening and shaping their skills on demo accounts for years before entering the real market.
A good demo account to start practicing with could be, for example, FXGame from Oanda.

Tip 3. Go with the trend!
Trend is your friend. Trade with the trend to maximize your chances to succeed. Trading against the trend won't "kill" a trader, but will definitely require more attention, nerves and sharp skills to rich trading goals.

Tip 4. Always take a look at the time frame bigger than the one you've chosen to trade in.
It gives the bigger picture of market price movements and so helps to clearly define the trend. For example, when trading in 15 minute time frame, take a look at 1 hour chart; trading hourly would require obtaining a picture of daily, weekly price movements.

If a trend is hard to spot — choose a bigger time frame. Up and down market patterns are always present. Always make sure you know the dominant trend, unless you are a scalper. Scalpers have no need to spend their time studying big trends, what's happening in the market here and now (during 5-10 minute time frame) should be of only importance to a Forex scalper.

Tip 5. Never risk more than 2-3% of the total trading account.
One important difference between a successful and an unsuccessful trader is that the first is able to survive under unfavorable conditions on the market, while an unsuccessful trader will blow up his account after 5-10 unprofitable trades in the row.

Even with the same trading system 2 traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.

Tip 6. Put emotions down. Trade calm.
Don't try to revenge after losing the trade. Don't be greedy by adding lots of positions when winning.
Overreaction blocks clear thinking and as a result will cost you money. Overtrading can shake your money management and dramatically increase trading risks.

Tip 7. Choose the time frame that is right for you.
Choosing wise means that you are comfortable and have time enough to analyze the market, place and close orders etc. Some people can't wait for hours for the price to make a move, they like action and therefore prefer smaller time frames. On the contrary, for others 10-15 minutes is a hustle to be able to make the right decision.

Forex Signal - iExpertAdvisor Colllections

There are literally hundreds of Forex Trading systems available for sale. Be skeptical when learning about a new system, especially if the results appear unrealistic. But keep in mind, most trading systems have at least one unique feature. Some aspect that gives the system an edge.

If you continually learn about new systems and their unique approach to the market, you will eventually assume your own style of trading - one that will set you apart and give you an edge. Please remember: the most important element of any trading system is Risk Management. It has even been said that the system you trade is not nearly as important as your Money Management technique!

With this in mind, take a look at these recommended systems. Each has its own unique method and each has a money back guarantee ...

	Forex Auto Pilot System
	Interesting Trade Signal Generator
	This Package Offers a Revolutionary And Unique Method To Generate $500 Per Day Trading The Forex Market. Three Systems In One Course.

	Uses Moving Averages, obviously ...
	Two non-directional systems, non-lagging, uses non-correlated pairs ...
	If You Insist On Trading Forex, This Will Show You 3 Trades That Will Make You 10-30% Every Month With 93.3% Accuracy.

Trading Systems, Methods And Signals. Helps You To Trade Like A Professional.

An Incredibly Accurate Fx Trading System Developed And Personally Traded By The Senior Analyst Of A Large Fx Brokerage.

Unique, Extremely Profitable Forex Trading System. The Best Course On Forex Trading As One Satisfied Customer Put It.

FOREX: A Market Where You Can Can Buy A Dollar For Just One Cent Down.

An easy to follow and short eBook that details the KISS trading strategy in simple rules. Includes actual examples

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More info: iexpertadvisor.com

Forex Signal - eSignal Pro Software

eSignal Pro is eSignal for the financial services professional. What does this mean for institutional investors and broker dealers? The same fast, reliable global market data eSignal has staked its more-than-20-year reputation on in the active trader community is available to the professional arena as well.

Over the Internet directly from more than 85 of the world's exchanges and bundled for the financial services professional, along with advanced charting and comprehensive technical analysis, plus back testing and more. A single, all-inclusive platform -- without the high price tag.

Broad content, reliability, flexibility and portability using Windows ® and browser technology make eSignal Pro the most technologically advanced market data and technical analysis platform currently available to the market professional.

Access a complete listing of all eSignal Pro information sources.

1) It's good for the business bottom line: eSignal Pro is an excellent alternative to other market data vendors because the variety of delivery methods allows for a significant reduction in the expense of providing data. The fact that there are no installation fees and flexible communications requirements means reasonable contract terms and free software upgrades that are simple to perform. 2) A financial services professional's success depends on reliable data: Delivered via the Internet or private network, eSignal Pro provides real-time equities, market depth, treasuries, foreign exchange, commodities, futures and options (including regionals) pricing; U.S., UK, European and Asian news and commentary; research, exchange leaders, ticker searches, Time and Sales, historical and fundamental data and regional stock exchanges. 3) Today's office is not just brick and mortar: eSignal Pro is completely portable, so it's available on the road, at home -- anywhere with access to an 800 MHz PC and an Internet connection. To ensure the successful, continuous transmission of data, we maintain fully redundant ticker plants. 4) The professional relies on more than the data to get the job done: Not just reliable data, eSignal Pro includes technical charting, a Formula Wizard and back testing to develop and test trading strategies. Data export via flat file for use in Excel or other spreadsheet application. And, data modeling via dynamic data exchange (DDE). Our eSignal Formula Script offers the flexibility to output formula studies to DDE, so the data in a spreadsheet remains linked to the formula during analysis.

More Info: esignal.com

Forex Signal - Trading Strategy

What is a trading strategy?

A trading strategy is a group of specific rules that determine the conditions and timing in which to buy or sell a given equity. Trading strategies are usually based on complex software using indicators (moving average, relative strength etc.) which create the strategy's rules.

The advantages of using trading strategies Emotion free trading - it is a well known fact that traders are frequently influenced by emotions such as fear and excitement, which may cause them to stray away from their original trading plan. Accuracy of execution – the computer is not affected by fatigue or other human vulnerabilities which may cause mistakes such as pressing the wrong button. High speed execution – a computer can monitor and trade multiple markets simultaneously and react much faster than a human trader. Hands-free execution - once the trading strategy is running, the trader (subscriber) does not have to be tied-up to the computer. The server is the one handling the strategy management and execution. Improved decision-making - trading strategies can quickly and easily handle complicated calculations required for decision making processes, whereas a human trader may encounter difficulties.

Auto-execution through SE Applying the automatic execution of strategies through SE means that once the strategy you selected starts running in your account the trades are executed automatically by the server. Your intervention is not required! You don't even have to leave your PC running. The automatic trading is made possible by Strategy Runner's proprietary technology that powered SE service. This unique technology can integrate with a variety of different applications by which vendors use to generate trades, and route them as signals to all Strategy Runner's servers located at the brokers' facilities. The signals are then executed by the servers in all subscriber accounts. This server-based approach ensures the most reliable and accurate execution of trading signals. All strategies presented in SE are available for Auto-trading.

Choosing the best strategy for you We all want to know which is the best strategy of all… well, the truth is – there isn't one. There are many parameters involved; your individual preferences, your goals and your attitude towards risk exposure. This is why different people choose different strategies, just like they do in any other investment alternative. Our objective is to provide you with live performance results and detailed data analysis on a wide selection of trading strategies, enabling you to make your own informed decision as to the strategy that best suits your investment goals.

Trading strategies are alternative investments

Alternative investment can be defined as an investment that strives to generate returns regardless of the overall market conditions. Hedge Funds, Managed Forex and Futures professional traders as well as trading strategies are all considered to be alternative investments.

The modern portfolio theory states that every investor should allocate 5-15% of their portfolio to none "buy and hold" correlated investments, i.e. to alternative investments. In simple English it means that in addition to having stocks or bonds, you should also invest 5-15% of the money in alternative investments in order to maintain a well balanced portfolio.

With SE it is now feasible for any investor to diversify his/her portfolio with an alternative investment for a much lower entry fee than is usually required by managed accounts or hedge funds. While traditional alternative investments require a minimum entry fee of $50K, SE allows any household investor to diversify with much lower capital requirement.

You can now diversify your portfolio with SE Strategies for as little as $5K per strategy.

More info: strategyxchange.com

Forex Signal - WFXAdvisor provide a easy, simple & complete service

How our signals works ?

WFXAdvisor provide a easy, simple & complete service : Each trading day, during european morning, OrderBook is send to all subscribers. Signals covers 4 majors pairs on a daily basis. (EURUSD, GBPUSD, USDCHF, USDJPY) The OrderBook is a simple and efficient tool to place your orders and follow WFXAdvisor strategy. Each OrderBook update may contains new orders, updated targets and stop-loss, as well as specific observations. Every trading day, you just have to follow OrderBook instructions. It takes less than 10 minutes a day.

General Strategy : OrderBook release : Every trading day. FX pairs covering : 4 Majors pairs. Average stop-losses : from 35 to 65 pips. Average profit target : from 50 to 200 pips. Average trade duration : from 1 to 5 days. ______________________ Delivery : WFXAdvisor covers mainly European and USA sessions. Signals are easy-to-follow, anywhere you reside. From 1000AM GMT to 1200AM GMT, every trading days OrderBook is sent to all subscribers. Each day, you just have to follow OrderBook evolution and do the same in your trading platform. Flash Updates If any unexpected change, important information or rapid trade management needs to be specified, we send a Flash Update to advise you immediately. (text format - precise instructions). Flash Updates are only sent occasionally, and are generally sent at US session start.

More Info: wfxadvisor.com

Forex Signal - AbleTrend 7.0 Software

The software reveals the natural law in all markets. Our award-winning decision-making trading software provides specific buy/sell/stop signals based on AbleSys' time-proven proprietary algorithms.

Now you can use AbleTrend 7.0 to design and test your own trading strategies without needing TradeStation EasyLanguage.

FREE DAILY WEBINARS

• Two-Day Live Trading Seminars
• Is 80% Accuracy True?
• FAQs: Winning Rate, Data, STM, etc.
• Three Keys to a Winning System
• AbleSys Technology: An Interactive Tour

AbleTrend 7.0 integrates time-proven proprietary strategies with world-class charting platforms for the best trading software ever created.

• 100% Mechanical and Automatic
• Universal and Robust
• High Performance
• New Intraday RT AutoScan
• New Comprehensive Tools
• New Advanced Charts
• Each Indicator Is a Strategy
• New Analysis Template
• New Easy User Interface

AbleTrend 7.0 = Time Tested Strategies + Advanced Charts + Comprehensive Tools
More info: wintick.com

Forex Signal Guide - An Introduction to Forex Signal Trading

Firstly, I'd like to say welcome to this site! This site was designed to provide information for new traders and investors looking to learn about the forex market and what it can offer.

Getting Started: Self-Traders

Your first step should be to educate yourself about the market and trading in general. Read books, take courses, learn strategies, and practice, practice, practice! Most brokers offer demo accounts which will allow you to practice trading without risking real cash.

For some background information on the foreign exchange market, visit the Forex Market Snapshot to learn about the size of the market, the most widely traded currency pairs and where most of the trading takes place. For more detailed information about the terminology used in the forex markets as well as some general and specific forex trading terms visit Forex Basics.

Trading Tips

Rule #1. Learn or develop a profitable trading strategy. Visit the ebooks, courses, books and manual forex systems pages for some ideas.

Rule #2. Don't over-leverage your account! This may be one of the most common reasons besides not having a profitable trading strategy that many new retail traders blow out their accounts. A good rule of thumb is to not leverage your account more than ten times its value. What that means is that you don't open positions worth more than ten times the value of your account. For example, you wouldn't open trades worth more than $10,000 if you only had $1,000 in your account. For a more detailed explanation on leverage, click here.

Choosing a Broker

Surprisingly, this may be one of the most important decisions you make outside of developing or learning a profitable strategy and not over-leveraging your account. You need to find an ethical broker who will not play tricks with you with their pricing and stop you out of trades in order to fatten their wallet! This is typical behaviour of market makers who have an economic incentive for you to lose when they are on the opposite side of your trade. Not all market makers act in this way, so it is a good idea to do your research on all brokers and market makers before placing your money with them. The Forex Broker Ratings section of this site endeavours to help you make the right decision when it comes to choosing a broker.

Managed & Semi-Managed Investments

Some market participants may prefer not to take the self-trading route but instead opt for a managed account, automated trading system or auto-trading provider. Again, don't over-leverage your account when using an automated system or autotrading provider. Ask your managed account provider how much leverage they use when they place their trades so that when a drawdown occurs it will be limited to a reasonable level. It is also a great idea to diversify your investments amongst several providers, systems and/or trading styles. When one is up, the other may be down and vice versa.

With those ideas in mind, this site has been arranged in a way to take you through many aspects of the retail spot forex market so you can learn at your own pace and visit the sections that interest you most.

Site Structure

This site is categorised into five main sections:

• Forex Education - This section provides a background to the forex market to help you learn, discover and become informed about various aspects of the foreign exchange market.
• Forex Products - This section provides more indepth forex education and specialty investment products, including forex books, ebooks, courses, manual systems, automated systems and the like.
• Forex Services - This section provides services for those already in the market looking to assist them in their trading and/or invest in the forex market.
• Forex Brokers - This section covers how to choose a broker, broker listings, comparisons, ratings and reviews.
• Forex Resources - This section provides a wide range of free resources.

Good Luck and Happy Trading!

Steve Moxham
Managing Director
GoForex.net Limited

More info: goforex.net

Mechanical Systems Forex Trading Signal

Daily Forex Charts

Neal Hughes provides daily forex charts in audio/video format covering 13 currency pairs identifying many trading opportunities for you to base your trades on. He will only send you what he believes to be the best trading opportunities for that day. Two week trial available.

Forex System Selector

Forex System Selector provides signals from over 50 different systems both manual and automated, executed into your account automatically, each with verified track records. You simply choose the signal or system providers you want to receive signals from, choose the currency pairs you want to trade, set up your money management, and let them do the rest!

Trade Window FX Forex Signals

Trade Window FX sends forex signals via email, SMS, or desktop software. You can now also autotrade their signals allowing you to go about your day, never missing a signal!

ZuluTrade

ZuluTrade provides autotrading of third-party signal providers into client accounts. You choose the systems you want to trade with verified track records and let ZuluTrade do the rest!

Forex Signal Software

FOREX SIGNAL INDUSTRY is filled with forex alert providers promising you big profits. More important than the profit shown by these forex signal providers is how the profits are acquired. One of the commonly used systems how to acquire high profits is to use a Multi-Target Exit Strategy. The strategy is based on providing the customers with multiple Take Profit and Stop Loss levels. The major problem with Multi-Target trading is that FX trading platforms wont allow you to enter multiple Take Profit and Stop Loss levels.

Another is that once Forex market has reached first profit level many times trend will change and the trade instead profit will end in loss. Together with spread adjustments this Forex strategy requires that the trader is following the trade in real time. Conclusion of Mutli-Target trading is that profits made are more likely hypothetical than real. This is the reason that Forex Online Signals .com (FXOS) is bringing to you Forex signals with one clear Entry, Stop Loss and Take Profit level per currency. Trading with our Forex recommendations allows FXOS members to reach real profits/losses as posted on our web page.

1. fxtrading-advisor.com_SUPERSCALPER.ex4
Designed for scalping trading for EUR/USD, producing super quick profitable trades. Average result is minimum 40% each month. We use it successfully on our personal accounts, and we’re satisfied. Visit our web-site and check all performance on this EA.

• More info: fxtrading-advisor.com

2. fxtrading-advisor.com_PROFITABLE.ex4
Designed for intraday trades for GBP/USD, EUR/USD, USD/JPY, USD/CHF. Expert sets trades for these currencies and doubles position avoiding losses. We call it high risky because of its aggressive style. Check performance on our web-page.

• More info: fxtrading-advisor.com

New rules for new forex signals providers

You know that every new signals provider must pass trough the testing period before his signals are available for you in live. We are glad to inform you that now, to help you collect your own judgment about every our new signals provider, his trading signals will be also available for you for free.

Once a new signals provider has started providing his forex trading advice at our service, we begin tracking exactly how every trade performs. At the same time we start announcing him at our web-site and our customers get access to the history of his signals. We show in the trading performance section exactly how every trade would fare if someone followed his trading instructions exactly. Testing period lasts for five weeks. In five weeks his signals are available for our customers to subscribe to.

At the same time the first three weeks we are testing their signals ourselves and the next two ones you may test them with us for free. That means that now you may test every our new signals provider absolutely for free during his last two tested weeks.

For more info, go to http://www.gfsignals.com/

Using Forex Signals for Trading in Forex

Forex signals are sent by a forex firm to their subscribers in order to buy and sell currencies. These signals are called entry and exit signals for the forex dealers. The firms, which send this forex signal, do so after tedious and meticulous research and analysis into the currencies that their dealers are trading in. For example a firm may send the entry and exit signals at designated time frames in real time. These will remain valid for a short period only after which they are going to be different.

Let's say that there is a forex trading company say Acme Forex traders who send entry and exit signals to their clients in the following way

The first signal is provided to the trader at 08:30, and this signal is going to remain actual till 12.30The trader will receive the second signal at 12.30, which would remain actual till 16.30.The last signal would be sent to the trader at 16.30.

The transactions are given according to GMT. Please adjust for local time changes. The transaction shall be calculated till the signal is actual. The charges would be $300 per month per trader.

Forex dealers and experts provide forex-trading information and data to both institutional clients and individual investors and provide these kind of signals. Investors like to subscribe to credit worthy forex dealers / companies since their information and data would be genuine and more accurate. In fact many forex dealers would kill to get information before the rest of the market gets the same information. As forex dealing is a very competitive business.

These signals or forex indications are given to the forex dealers through the forex trading platform or hub. The signals or forex indicators are the specific entry and exit strategies. Therefore when you enter a currency trade buying currencies at lower price and then selling at higher price, you book a profit. currency pair. For example the forex dealer is trading in GBP/USD. The rate is for GBP/USD is .9800. If you expect that Euro is likely to go up in the future you would buy the Euros today to sell them off at a later date thereby booking a profit. If you expect the dollars to appreciate, then you would buy the dollars selling them off at a later date to book profits.

Most forex dealers will get the information via email or straight on their computer screens. It is then up to the forex dealers to decide whether they want to sell / buy / hold the currencies till further information is given to them.

Those who contribute in giving the information on currency dealing are hedge managers, foreign exchange dealers located in the major financial markets of the world, professional stock brokers, finance managers and a host of other finance professionals. They make it their business to collect, analyze and disseminate information in such a way, that can be used by forex dealers to buy / sell / hold the forex.

Therefore the companies take extreme care to send the forex signals for the currency dealers.

For the most updated information, articles, and news related to the Forex Market. Visit http://www.forex-made-easy.biz

Forex Signals Automated Trading

ProSignal™ delivers an Automated Forex Trading System and Forex Charting Software/Alert package that makes trading the foreign currency market a reality for everyone. A simple automated trading system you can implement within hours. A subscription to ProSignal includes the following 2 software programs:



AutoTrader Platform (Auto-Trade 200+ Forex Strategies): Diversify your portfolio with over 200 strategies to choose from. ProSignal's AutoTrader platform allows you to automatically execute trades 24 hrs/day following strategies from multiple signal providers, saving you thousands per month in Alert subscription fees. It's like having a staff of professional traders working for you 24 hrs a day and the cost is just $1 per 10k round-turn lot (as well as the bid/ask spread). Includes FREE forex charts with ProSignal's automated alerts (below). See our AutoTrader page for more details and system performance.

Forex Charts with Automated Forex Alerts: Free of charge with any active FXCM brokerage account ($300 minimum depoist required) or AutoTrader account opened through ProSignal. ProSignal's forex charting software provides live streaming price feed on 27 currency pairs and includes real-time trade alerts following ProSignal's proprietary trading strategies. These alerts can be automatically executed on your brokerage account through our AutoTrader platform, along with alerts from many other signal providers. The performance for ProSignal's alerts is located on the AutoTrader page. More details on our Charting software can be found below.

Here's How our Automated Forex Alerts Work:

1. A real-time alert to Buy or Sell a specific currency pair is generated by our Forex charting software.

2. A Buy or Sell arrow appears on your chart along with a pop-up window and an audio alarm to get your attention.

3. An email alert is immediately sent from our remote server to your email address and/or to your cell phone via text message. A second email soon follows with the Stop-Loss and Limit information. (No software is required to be running on your computer to receive email/SMS alerts).

4. You execute the trade on your forex brokerage account or have trades automatically executed using our AutoTrader software. There's no need to keep your computer running for the AutoTrader to execute trades on your brokerage account. All trades are managed from a remote server.

Free Forex Signal Services

What are Forex signals? Forex signals are paid services offered by some brokers and independent Forex annalists. Companies that offer forex signals monitor and analyze the market for you, providing you with their data via desktop alerts, email or even SMS and pager alerts.

Forex signal services analyze several factors when preparing their data. They do a technical analysis of market conditions and use a combination of indicators to identify trends and isolate profitable entry and exit points. They then send you the results via the venue of your choice and you can choose to use the signal in your own trading, or pass on it.

Most forex signal services offer signals for only a handful of the most popular currency pairs, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF. Occasionally, you can find specialty services that offer signals for other lesser traded pairs. Forex signals can be costly, even upwards of $100 / mth. The benefit of subscribing to such a service is that they analyze and crunch the data for you, saving you time. It should be noted, however that using a signal service is no substitute for a proper education in the Forex markets. Signal services give you data, you still need to know what to do with it.

When shopping for a signal service, make sure that they provide you with historical data so that you can see their track record for yourself. Remember, that like any trader, Forex signal services also have loosing trades. You shouldn't expect a signal service to be a sure ticket to instant Forex wealth, but rather look at them as another tool in your trading toolbox.

For more articles and information on Forex, visit: Forex Training. For Forex Signals Resources, visit: Forex Signals

Forex Signal, Forex Signals Advice

There are lot's of Forex signals providers out there. New Forex traders might be thinking of looking for a reliable Forex signals provider. Is there any reliable Forex signals providers available?

Personally, I will say do not pay for Forex signals. Think about it - if a Forex signals provider sells Forex signals for living, you can doubt their Forex trading skills? Or else if they are pretty good in Forex trading and making lot's of profit, I am wondering why do they still bother to sell Forex signals for money. Thus, what would be the value of such Forex signals providers? The answer is ZERO.

There are Forex traders who have been relying on Forex signals arguing those Forex signals providers really help them making money in Forex trading. These Forex traders can even show their Forex trading logs as evidence. After some though, I came out with the assumption that assuming I am the owner of a Forex signals provider, in order for my business to be in black, obviously I need some satisfying customers. If I have 100 new customers this month, I send out buy signal for the 50 of my new customers while the another half with sell signal. At the end, I will able to have "some satisfying customers". Finally, free advertising and testimonial will be made available.

If you are really new into Forex trading, it's better for you to sign up a demo Forex trading account from any Forex brokers and try some practice trades for a few months. This will give you insight into how the forex market behaves. Then only deposit a small amount of money to get a real feel. There are great differences between demo trading and real trading due to personal trading psychology.

Final words, if you really wish to buy Forex signals from a Forex signal provider, make sure they have got an audited results and do provide a free trial over a substantial period.