Article courtesy of FAP Turbo
When you are having a look at results, keep in mind that they are often based on the standard foreign exchange account with a lot size many times larger than most newbs would start out with. This means that you might only have a little fragment of the profits shown. Also, they’re going to make guesses about costs which you check scrupulously. They may presume a smaller spread than you can expect on a mini or micro account.
Eventually, don’t be too involved with recent results, but glance at the long term trading profits or losses. Be suspicious of any company that only provides results in the up to date past. Remember that there are no guarantees with foreign exchange trading. You could pay a lot for foreign exchange signals and still end up losing money. A lot relies on how you manage your funds.
Other foreign exchange trade signals will be less prescriptive and simply announce market conditions or the result of indicators, leaving you to make your own trading choices. In this case you’ve a lot more control and of course you want to comprehend the market yourself in order to make the most sensible use of these alerts. Many professional traders employ a service like this so they can be away from the computer for most of the day without missing good trading prospects.
Signals are usually sent by e-mail and/or SMS. Which you prefer relies on you. SMS is better if you check your texts more often than email, but you could be a good distance from a computer when you receive the text. It can be frustrating if you receive forex trade signals and then can’t place the trade.