Here is a comparison of the Forex signals providers 5 Minute Trading Forex Signals and Best Forex Trade Signals. I normally do not do comparisons of Forex signals providers like 5 Minute Trading that make you place the trades manually to Best Forex Trade Signals that uses broker to broker trade copying. But in this case, since the trade signals are delivered at the same time every day, are set and forget and can be placed in only 5 minutes, I wanted to do this comparison.
5 Minute Trading delivers Forex signals for EURUSD and EURJPY at 03:00 EST and USDJPY and USDCAD at 00:00 EST. At the same time every trading day, you log into the site and get the signals. The signals come out at the designated time each trading day. You place the trades using the entry, stop loss and take profit levels given.
This is an excellent example of a set-and-forget Forex signals provider. Once you set the trades, you are done until the next day at the same time. It is not even necessary to keep you trading platform open and connected to the Internet.
The biggest difference between 5 Minute Trading and Best Forex Trade Signals is how you have to place the trades manually. Best Forex Trade Signals automatically places the trades for you on the broker level. But since the signals can be placed in under 5 minutes does not make this difference extremely important.
With Best Forex Trade Signals you get both the trade signals and the advanced money management. This means you can duplicate the percentage gains the service gets, and not just the pip gains. Subscribers of the signals service mirror the lot size proportional to their account balance which means the same percentage gains are possible.
On the other hand, 5 Minute Trading makes you come up with your own money management. They give you the entry, stop loss and take profit levels. But you are on your own as far as money management.
Coming up with money management rules is not hard if you are an experienced trader. But if you are a novice trader and do not have a good money management strategy, this can be very important. You could be leaving profits on the table by using too low a lot size, or risking too much.
At the end of the day, Best Forex Trade Signals is a better option because you get both the signals and the professional money management. It is very easy to set up, and once done, there is nothing more for you to worry about. Plus being able to copy the advanced money management keeps you from making costly money management mistakes. To see the full comparison visit: 5 Minute Trading Forex Signals
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