But now the main question is 'Do they provide good signals to beginners.
Nowadays thousands of signal providers provide signals, but how can we determine which one is the best. All the signal providers telling they are the best signal providers with 90%-99% accuracy and charge a huge amount as a monthly subscription charge and they provide huge discounts on annual and lifetime subscriptions.
Now beginners see the profit in lifetime subscriptions but they don't check whether their signal quality is good or bad. After purchasing they don't return the money if a client did not satisfy with their signals .They clearly mention it in the no-return policy but the client doesn't read this and loses their money.
In the name of signal services, they just sell their subscription product. and some additional products like EA, SIGNALS COPIERS, EBOOKS, and ONLINE CLASSES. They don't have any idea about trading. They just make their website popular to sell their product.
If they have any idea about trading they can earn much more from this forex market not from selling these products. they just make businesses using their products. they sell their monthly subscription at a high price whenever their annual prices are low compared to a monthly subscription. they charge from 60$-99$ monthly.
how can we choose which one is the best service provider?
The best service providers don't charge huge amounts of money. they provide all facilities like education analysis in one subscription plan .they give signals on buy stop, sell stop or buy limit, sell limit not direct entry on the market.
They provide daily, weekly, and monthly analyses on every currency pair. Their customer support should be good, and everyone can communicate with them easily. This signal's accuracy should be nearly 75%.
They should return your fund if you are not satisfied with their signal service. Now some of the providers don't charge any amount if you trade with their partner broker. They have some conditions only if you are trading with their partner broker. They earn such amounts as commissions when you place a trade on their partner brokers.
is paid services good for beginners?
1st of all, you should learn about the market. you can learn it freely from youtube. Some beginners directly enter the market without any knowledge about the market and losses their all money.1st overall you should know about technical analysis and fundamental analysis. then how to place a trade on market conditions.
You should learn how to read the previous market data and save your fund in news time. Some traders lose all their money within a sec because they trade on news time. Money management is an important Piller of the forex market, and beginners should know about it.
Beginners should try free signals from paid signals service providers. many service providers like 'learn 2 trade' provide both free and paid signals. you can use their free signals services and determine whether it is best or not for you.
is any forex broker that provides free signals.
Yes, maximum forex brokers provide analysis through autocharist. Autocharist is a program that finds the proper entry point and exit point. It's finding the patterns of the candles like it is the double bottom or double top then makes signals using these patterns. You can use it by depositing some amount in any broker.
Some of the brokers use trading central. trading central is another signal provider .They provide signals using EMA, SMA, and previous-day market conditions.
The demerit of these two signals providers is they don't check the market news, they just provide signals using candlestick patterns.
All the brokers provide the market condition in the news section otherwise you can check in the mt4 or mt5 app. Investing .com also provides all the market news in their app .You can easily understand their analysis there.
Blog really helpful for us
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