For people who want to profit trading Forex but don't want to spend a lot of time and effort learning Forex strategies and trading manually, using a Forex signals service is a great option. Let professional, profitable traders make the trading decisions for you, and you benefit from copying already successful traders. But not all signals providers are created equal, and you need to choose wisely by making an informed decision.
Here is a video comparison of these two signals services...
In the following article, I am going to compare two different signals providers: Just Forex Trade Signals Service and Best Forex Trade Signals. Through this comparison it is my hopes you can see that signals providers can be very different, and you can start to understand how you might want to use a service. The success you have using a Forex signals service is determined by more than the service's past performance.
Overview Of Just Forex Signals
Just Forex Signals is a Forex signals service that provides trade alerts for a wide variety of currency pairs as well as gold, silver and oil. So right off the bat, if you are going to use this service you need to have a trading account that trades all these options. Not all broker accounts trade everything for which you are getting signals for.
You can trade the signals manually after receiving and email with the trade alert instructions. However, there is also a trade copy option which places the trades for you on your broker account. To take advantage of this option you need a broker that offers Metatrader4. I personally suggest you use a trade copy option when using any signals service and not try to trade the signals manually. Even getting your trades from professional traders, trading manually can be time consuming and you usually get very different results because of missing trade setups and managing trades poorly.
They do show some past proof on their site of the past 6 months. The pips per month range from 78 pips up to 449 pips profit. At the time of this article, none of the months were losers. While I would have liked to see the reporting done with a 3rd part statement publishing service, these pip gains are decent and can increase your trading balance nicely over the long haul.
Just Forex Signals Versus Best Forex Trade Signals
Best Forex Trade Signal also has a broker to broker trade copy option. As a matter of fact, this is the only way to get the signals. This signals service wants to make sure all followers are getting all the trades and the trades are managed just like on the master signals account. Using this broker to broker trade copy option, you don't even need to download platforms, set up trade copy software or keep your platform connected to the Internet by using a virtual private server.
One of the best things is the up to the minute proof for each of the three different signals services offered. By using the 3rd party statement publishing service MT4i.com, you can see all the trade history so this service is very transparent. While past results don't guarantee future gains, it is nice to see what kinds of results the systems have been producing over time.
One of the best things about Best Forex Trade Signals is the money management is also taken care of for you. They use an advanced, dynamic money management strategy to calculate the best lot size for each signal. This money management strategy is also transferred to your signals account, so you can benefit from the pro money management as well.
When all is said and done, both signals services are similar in the way they offer trade copying directly to your trading account. But in the end, Best Forex Trade Signals is better at showing past results and use a 3rd party which means the results cannot be altered. Also, with Just Forex Signals, you need to figure out your own money management strategy, where with Best Forex Trade Signals you get the benefit of using advanced, dynamic money management. For a full comparison, please visit Just Forex Trade Signals Service.
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