Foreign Exchange Signals Proof

Throughout this article, I want to talk about Forex Signals Proof. What should you look for to gain confidence in the service? Are you going to get the same pip numbers reported by the signals provider? These are some of the questions that need answering.

Set And Forget Forex Signals Performance

What Kind Of Forex Signals Proof To Look For

Many people look for proof in the form of a 3rd party account statement publisher. There are websites like MT4i and MyFXBook where you can make your Metatrader4 account results public. These services can be used to show the results of the signals service.

While this seem like an excellent way to provide proof, there is one problem. In my opinion, the signals service should be able to prove the pips they claim to make really come from the signals they provide. Using one of these 3rd party account statement publisher shows much more. You can see profit and loss in terms of money as well as gains and losses in terms of percentages. The problem with these statistics is they only reflect one possible outcome of using the signals using one money management strategy.

As a signals follower you should get similar pip numbers. But how much you earn or lose or the percentages your account reflects is determined by the size of your account and the money management system used to determine 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 be able to trade the signals accurately and duplicate the trading outcome. 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 will also fail to get similar results as the service you are following.

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 Proof you can use to see the results posted on the website really come from the signals they provide. And since the trades are placed manually at the same time every day and they are set and forget, it is simple to use these signals and get similar results.