Trade with a expert advisor or based on a forex signal service ?

People willing to earn an income from the currency trading without great results trading by themselves start looking at these two alternatives to make money from the forex markets, either possibilities are viable but there are points you need to know before making any selection.

The internet sites where they offer the expert advisors have very convincing sales pitch claiming the expert advisor will make you 200% of your trading investment capital in 3 months, double your account in 1 month and make you imagine you will be rich by the end of the year just by paying 149$.

Just think for a moment, if that was true absolutely everyone will be rich by now, no? All financial institutions will be acquiring this robots and generating trillions with it, there would definitely be no world crisis, no need for government to bailout corporations thank to this businesses selling the robots for just 149$.

Do forex signals give good results? They could give good results but only for a small period of time. Markets tend to alter the way they move so the principles programmed to the trading robots might make it perform until eventually the market change. This robots tend to produce a lot of trades in a day having a high risk compared to its reward, they produce 20 trades ending with 18 winners of 15 pips each individual trade but two losers with a lost of 80 pips on each trade, so as long as the market doesn’t change it will work but once it does change, you will lose what you made in 3 months in just 10 days, the trading robots will be generating trades and risking 80 pips on each trade, it could possibly lose in a single trade what it took 5 trades to produce.

On the other side we have forex trading signals, forex trade signals that are made by an experienced trader that is familiar with how the market works, a trader that will take care of your risk at all times, a service where you can ask why did he closed a trade at a certain price and you will get a reply.

A forex signal service won’t be as attractive as a robot but your trading account will show you that you made the best decision.

Forex Trade Signals

 How internet has made it easier for trading

Is stock trading a solitary job? Quite a few individuals have that opinion; the members in your trading company are simply you and the charts in your pc. The day-to-day work is checking your stock chart finding a trading opportunity.

Previously traders didn’t even had computers; they draw trend lines, fibs, support and resistance with a pen and a ruler on paper charts. During those times it was very difficult to find other active traders you could exchange opinions if you didn’t went to seminars which were quite expensive.
If they had trading buddies the only way to exchange views which elevated the cost of trading if they were based at the other coast.

Now trading by yourself is a n option, with the help of internet in our lifes trading has turn out to be far more social than ever, it is like a completely different occupation. Now you have forums where individuals post charts, exchange their opinions and also educate other individuals, we even have social networks exclusively for traders were people exchange their real trading positions.

In the past you had to pay to attend a seminar, now  we have webinars which a lot of of them are free of charge and you don’t even have to move from your house, just log into an url and you see the event from the comfort and ease of your sofa.

If you want to chat with a friend, we have applications where you can talk for zero cost, you can have video chats or even just watch his computer display live.

We now have twitter where you just type the market you are interested in and see what other individuals think without even knowing them.

Internet has improved trading overall, now you are capable to place a trade in a second instead of having to call to your broker, now you have all types of options to make new friends or actually improve your trading with the support of other people. Now you can to take advantage of all kind of software to help you trading and it has brought more brokers competition which ends up in better spreads or commission for the traders.

We also have the opportunity of trading with the assistance of a forex signal service, this businesses have professional traders which provide you with their real trading positions via their forex trade signals which you will benefit from.

The way to find a money-making forex signal service

There are many forex signals provider in the market, if you do a quick browse you will find more than 200 in 5mins, there are quite a few  but just a few will earn you money, we highly recommend you to look carefully at specified factors that will make you see if they are as good as they say.

A lot of people will certainly choose a cheap forex signal service without considering that this is not shopping for a cheap chair or a mountain bike to make some physical exercise on the weekends, here you are risking your hard earned money based on a low cost  advisory.

Opting for a low-priced service could cost you a big percentage of your trading funds which will be more than what you paid for the signals.  If you spend 300$ for your forex trade signals and you earn 600$ your final return will be 300$, definitely not amazing but as you increase your trading capital your earnings will grow, on the other hand others will chose a 50$ service provider which unfortunately will lose in two trades 400$, its worth it? If you have a good signals service provider you can earn as much money as you want, wouldn’t you pay 300$ or 400$ per month for it?

When you look for for a forex signal service you will probably see that a large number of them publish superb results, but barely any of them display you a real statement from a forex broker, they just show you an excel sheet with fancy designs and eye-catching numbers which anyone can make on their personal computer, they don’t post a screenshot where you can see the entry and exit on a real trading account; make sure you ask for real statement or image of the statements with profitable trades.

Every single company out there is outstanding and makes excellent results but why no business guarantees you a minimum number of pips?  I mean if you generate1000 pips per month as you claim in your results, why can’t they provide you with a 200 pips guarantee? Well, in my belief is because they don’t make them, why should you pay for services that don’t generate the numbers they claim?

If you are searching for a reliable forex signal service, ensure that they provide results or screenshots of a real statement from a real account and make sure that they provide a guarantee on their signals.