For a forex trading beginner, can we just rely on a signal service ?
May 24th, 2008 | by admin |
Sat Tin asked:
If so, please share with me what is a good service.
Corinna
If so, please share with me what is a good service.
Corinna

7 Responses to “For a forex trading beginner, can we just rely on a signal service ?”
By jew_192003 on May 27, 2008 | Reply
finding a good forex service can be hard at times, theres a lot of so called companys that end up scaming you in the end, heres a site great site that does reviews on all the sites and has blogs of personal experiences from people who trade forex with diffrent broker.
as far as charting is concerned i would go with Ensigns software they have the best charting packages. 40.00 bucks a month isnt bad at all. hope this helps
By Lillian on May 28, 2008 | Reply
I used to subscribe to a service paying a fee every month. In fact I tried 3 different ones. One made some money for me for a while but I lost in the other two. So it depends on which service you choose.
Why not get software to generate these signals and test to see if they give good results? It is much cheaper. Forex Killer is one such software.
By Harold Hsu on Jun 1, 2008 | Reply
Hello,
Sorry but I personally prefer to invest in my own Forex Trading education rather than relying on a signal service. I wouldn’t want my profits to be dependent on someone else. If the signal service closes down or starts charging exorbitant prices, I would have to start from scratch again.
By Fred G on Jun 1, 2008 | Reply
Some good advice and guides here:
By ajb on Jun 7, 2008 | Reply
Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.
Here is a free site that shows what has happened after economic news releases:
By The Easy Answer on Jun 9, 2008 | Reply
Hi Sat Tin,
I personally do not rely on a signal service for my foreign trading. I actually use the hints and tips that I receive from the free newsletter at to be very helpful with my Forex Analysis. Good luck to you!
By mark mc donnell on Jun 12, 2008 | Reply
The answer is no and I run the cheapest service there is, I know this too because I have checked. I do not want you to subscribe to my service unless you do the following;
Read my entire website.
Attend my free webinars.
Set up my free trend indicators
Listen to my free audio library
Read All of my technical articles on the website
Ask questions.
Be willing to papertrade or trade microlots with a stop order for 6 months.
Then you are welcome to subscribe for $19.95 per month. After broker rebates it could be less.
Good Trading
Mark Mc Donnell