Forex trade signals | free and charged

I know people, who use free or charged forex signals. Why can't they make their own trading system and trade according to it? Well...Here are some answers.

Forex investment as any other money making tool is time consuming and requiring strong nerve with deep analysis. Not everybody possesses those features or has some spare time to stare continuously at the screen.
If you have a day job, and after you come home and you pay your duties to your family (playing with kids, sharing your time with your spouse, etc) the last thing you might want to do is make an “analysis” of a market and try to execute some orders. There are some strong willed people, who still would do that, after they have spent some time with their family, but it requires much effort and time (usually the night time, when your family is asleep).

If you find it difficult to analyze the forex market, you can choose some forex signal services, which are abundantly advertised in the internet. You could even tie your trading platform with those systems and everything else is done automatically.

There are many free forex signals. You just have to sign up to some signal providing service and the forex trading tips will start coming to your email account right away.

You can also use signals that require some fee. The fee amount varies and totally depends on the provider of forex signals. Some require paying 100 dollars per month, others want 200 or even more (500 – 1000) and there are also those who modestly hint to pay as little as 50 or less dollars. We also cannot rule out those who diversify the fee for their trade signals.
For instance, you can pay 100 USD for receiving plain signals in real time and you can pay 50 dollars extra for additional teaching and forex trading strategy analysis, totaling 150 per month. Despite all the popularity of free or charged forex signals, there are still some questions to be answered.

Despite all the popularity of free or charged forex signals, there are still some questions to be answered.
First, if those forex systems are good, why do they advertise them or even sell them? If you’re the best trader ever – why do you need someone, who pays you 100 $ a month, when you are making thousands or millions? Well there are few answers to that:

1. There are many good traders, who do not possess big forex funds or have just a few hundred bucks in their pockets. They are trading in forex demo account versions or in real accounts with small amount of money and with their profitable system, proven in the long run, they need some real money to make. The subscription service is one way to make some money and invest it further in forex. If a service is free – then they are making advertisement of their trading system and hoping to make it fee – paying in the future.

2. Forex traders who have been participating in this business for a long time and have developed some strong and profitable systems. Forex signals subscription service is one of their businesses branch, apart from forex trading. They have large funds and are making constant profits of let’s say 100% per year.

3. Trading along with other people who follow your signals requires more concentration and responsibility. This way they try to develop their trading system and to improve it. They can also receive some remarks from their clients, which also helps to perfect their trading systems. That’s what I heard from one forex trader. It’s up to you to believe it or not.

4. Unsuccessful forex traders who lost everything and are trying to earn some money in this way.

5. Resellers – subscribers to some profitable system service and reselling the signals to traders or investors.

6. Other unmentioned reasons.

How to identify a real good forex signal service, which could bring you constant profits? Well you could surf the internet and try to find as many comments on a certain trader as you can, concerning his trading history, largest profits, largest draw downs, stop losses, leverage uses and so on. Or you could use some forex trading system finders, that do the entire job mentioned.

There are really good forex systems there, you just have to pay attention what is the starting capital and the age of a system. The greater the number of trading days the better. I suggest, not looking at systems with less than 2 months age. Some trading systems require big funds in order to bring the profits that traders are making, so have that in mind.