Honest Forex Signals Versus Best Forex Trade Signals Service

In this article I would like to compare Honest Currency Signals and Best Forex Trade Signals. Both these signals providers provide trade alerts to their followers. By using the signals, people who don't have the knowledge to trade Forex, or simply can't fit trading into their busy lifestyles, can make money in the Forex markets. But make no mistake about it, there are big differences between signals services.

Here is a comparison video of Honest Forex Signals and Best Forex Trade Signals:

Honest Forex Signals

Honest Forex Signals gets its trades from Robbie Newton, a seasoned Forex trader. He uses Intraday trading strategies during the London and New York sessions. He aims for 30-50 pips per trade and shoots for an average 1-4 trades a day. His goal is 30-80 pips of profit, and he tries to keep his stops as tight as possible.

The signals are delivered directly to your Metatrader4 platform by a Trade Copy expert advisor. You need to set your own risk management into the trade copier and ensure your platform is connected to the Internet at all times in order to get the trade signals.

Best Forex Trade Signals offers a selection of signals services to pick from, each one based on a different trading strategy. Trade signals are also placed directly to your Metatrader4 platform, but directly on the broker level and not with an expert advisor. You don't need to download platforms, set up expert advisors or use a VPS to keep your account hooked to the Internet. As soon as trades are taken or modified on the master signals account, the same action is happens on the subscriber's account on autopilot.

Both these services are created with the intention of providing "honest" and accurate signal alerts. Performance transparency is a big concern. Best Forex Trade Signals provides performance updates in real time by using a 3rd part statement publisher. In this respect, Best Forex Trade Signals does a better job reporting than Honest Forex Signals, which has past statements from different time periods, traders and systems.

The biggest argument for choosing Best Forex Trade Signals is the fact that both trade signals and advanced money management is passed on the the subscriber. With Honest Currency Signals, each subscriber needs to figure out their own money management, so each trader following the signals is going to get different results. Even though the pips should be the same, the amount of money earned will vary greatly depending on the settings used.

However, with Best Forex Trade Signals you mirror both the trades and money management of the signals account. Therefore, the subscriber should get similar percentage gains or losses as the master signals account. This makes it easier to see what type of results you can expect.

I personally think the majority of people join a signals service because they don't have the skills or time to trade manually. Therefore, I don't like the idea of leaving the most vital part of profitable trading, the risk management, in the hands of novices. In this way, Best Forex Trade Signals does a better job of giving an "honest" representation of what one should expect when following the signals.