- September 2014
- Posted By Ninoslav
- 0 Comments
To put a trade on any currency pair you need few ideas, few suggestions. These are called Forex signals. The Best Forex Signal Service Provider may be a human analyst or any automated machine such as Forex robot to create the signal. They are normally communicated through the fastest possible media like email, SMS, websites, RSS etc.
Types of Services
- These services are categorized into four basic types which are as follows.
- Free of Cost signals.
- Paid signals by personal or algorithmic analysis from any single provider.
- Paid signals by a combined analysis
- Trading software providing signals, located in trader’s computer.
Features of the Best Forex Signals Service Provider
These are the features that the Best Forex Signal Service Provider should provide.
High Win/ Loss Ratio Consistently:
Timely delivering allows more wins over losses. If the ratio of win to loss is approximately three to one then it will be counted as a better provider.
Smart Risk Management System:
If a trade starts to be negative then it is the duty of the best service provider to ensure that the initial position size is slowly reduced before hitting the stop loss. This will make sure that only half of initial equity is lost.
A faster service is required for trading because market strategy changes every time.
Unique, neural technology is extremely required with a broad predictive nature in order to tackle the marketing ups and downs with proper decisions.
It is important to know “What are Basic Jobs of a Forex Signals Service Provider”. But along with that there are some special features that also an investor would like to have from the Best Forex Signal Service Provider. It should mention almost exact entry, exit and figures of stop loss for trades for each currency pairs.