Foreign Exchange Signals Service Proof

August 22, 2013 by  
Filed under Currency

In this article, I want to talk about Forex Signals Provider Proof. What should you look for to build trust in the results? Are you going to get the same results reported by the signals provider? These are some of the the things you need to know before joining a service.

Set And Forget Forex Signals Performance

What Kind Of Forex Signals Service Proof To Focus On

Many people want to see proof in the form of a 3rd party account statement publisher. There are services like MT4i and MyFXBook that let you hook up your trading account to their site and report in real time what is happening in your account. These services can be used to publish the performance of the signals service in a transparent way.

While this seem like an excellent way to provide proof, there is one problem. The way I see it, the signals service needs to prove the pip numbers they report are correct. Using one of these 3rd party account statement publisher shows much more. You can also see money earned or lost as well as percentage gains or losses. The problem with these statistics is they only reflect what would happen using one risk management system with one account balance.

The role of a signals service subscriber is to duplicate as close as possible the pip numbers. But the winning or losses or the gains and losses in terms of percentage is determined by the size of your account and the money management strategy used to calculate lot size. Therefore, the statistics shown by the statement publishing services can be misleading and distort the decision making process.

Can You Copy The Signals Provider Results?

Seeing how many pips the signals service makes is one thing, but being able to duplicate those results is quite another. You need to make sure you can follow the signals correctly and get similar trading numbers. If you miss trades because the signals are delivered 24 hours a day, you are not going to get the same results. If you use unreliable trade copy software to get the trades, you are not going to get the same results.

Due to slightly different broker price feeds, slightly different spread sizes and slippage, a certain amount of difference between the signals service and your account should be expected. For these reasons, using different brokers will yield slightly different results, and this is normal. You would need to use the exact same broker to duplicate the signals perfectly.

Good Example Of Forex Signals Service Proof

Set And Forget Forex Signals is a signals service that shows photos of the trade levels and results. This Forex Signals Provider Proof shows the results they report actually come from the signals they give subscribers. And since you place trades only once a day and the signals are set and forget, it is simple to use these signals and duplicate the results of the signals.

Video Response: CFTC Proposed FOREX Leverage Change

September 12, 2010 by  
Filed under Videos

My name is Wayne McDonell. I am a retail forex trader and Chief Currency Coach of This video is in reponse to the CFTC’s proposed changes to the retail forex trading industry. If passed, leverage will be reduced to 10-to-1. If the CFTC and the NFA have the intent to protect the American trader, I believe the implementation of this proposal will not have the desired effect and thereby these angencies will fail in their basic mission. This video offers two key points on why leverage should be left as is. Please leave a comment and share this video with other forex traders. Also, you may also want to share your opinion with the CFTC while they are in the “public comment” part of decision making process. They are your agencies that govern or over see your industry. They welcome your opinion and are looking out for you best interest. Send emamils to You MUST INCLUDE ‘Regulation of Retail Forex’ in the subject of the email and reference RIN 3038-AC61 in the body of the message.

Currency Day Trading Strategies – Improve Your Trading Strategy With the Help of Forex Signals

August 16, 2010 by  
Filed under Currency

Currency Day Trading Strategies

Forex signals are really beneficial tools for improving the strategy of the currency trading. You score success when you understand these indications properly and utilize them accordingly. It is equally true for both manual and software supported trading. You need to identify the correct calls of opportunities and understand the behavior of the market. Many people are experienced in this trade due to their long attachment and a knack of anticipating things beforehand. There are certain fixed guidelines which you must comply with to gain access to the ability of judging the trend of the currency market
There are courses on forex trading where you can learn fundamentals of this trade including the basic trading rules and regulations. You need to know different levels of forex signals for attaining high quality results. You should consult reviews and analysis of the market that is available in several magazines and periodicals on currency trading. Currency Day Trading Strategies
All the knowledge that you obtain helps you to see a transaction with clear picture regarding the investment in the currency market. The duration scrutiny is one important aspect of this learning, which increases the percentage of successful judgment. You have to know the balancing quotient and the method to make the balancing element of an account so that you can select prospective buying trends and earn profits.
If you use automated software for your trading, you find that moving averages are being considered important in the entire methodology of the functioning of the software. It is one decisive factor in currency trading formalities and has a strong impact on decision making process. High price buying may be observed as a part of activities in the moving averages strategy to reach a successful result. You have to understand the high and low of the currency market to determine the effect in the wholesome strategy of currency trading. The better you understand and identify forex signals, the more successful you are in the currency business. Currency Day Trading Strategies

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