Updated on: September 4th, 2024
The forex trading industry relies heavily on the decision-making skills of a trader or company. The fickle nature of the industry is a huge reason why building the right strategies is crucial. You can start by using forex signals to mitigate risks and improve your success rate in trading.
Some of the best forex signals providers make it easier for you to visualize how the current market moves. These companies offer trading suggestions that allow you to make sound decisions as a trader.
Would you like to get a competitive edge in your chosen markets? Check out this list and other information you may want to learn regarding forex signals.
Quick Look: Best Forex Signals Providers
- 1000pip Builder: Verified historical results and global reach
- Learn2Trade: Ideal for beginners with a win rate over 76%
- WOLFX Signals: Forex and crypto signals with educational resources
- eToro: User-friendly platform with a large community
- Pips Alert: Customizable services with an impressive monthly target
What are Forex signals?
Experts cannot stress enough how important it is to make informed decisions when dealing with foreign exchange. You should always watch out for market signals that indicate whether to buy or sell certain currency pairs.
Forex signals are highly useful market indicators that enable you to get the right timing for your trading strategies. You can take them as pieces of advice for when you want to understand the current market. However, you shouldn’t treat the information as the sole reason for your decisions. Instead, you can incorporate them into your trading strategies.
There are several methods to generate forex signals. You can do your research manually, implementing the basics of investigation. Alternatively, you can utilize technical analyses and automated algorithms to discover these indicators. Another effective way is to find the best forex signals providers that can give you this information without stress.
Top FX Signals Providers Compared
We’ve reviewed several of the best forex signals providers and found that each offers unique benefits. Use the table below to compare what our top 5 forex signals providers have to offer.
Provider | Best for | Signals per Day | Win Rate | Free Signals | Additional Features |
---|---|---|---|---|---|
1000pip Builder | Verified results | Up to 5 | High | No | Text message alerts, flexible subscriptions |
Learn2Trade | Beginners | Up to 5 | 76%+ | Yes | Trading robot, large community |
WOLFX Signals | Forex and crypto signals | Several | High | 2 per week | Educational resources, performance updates |
eToro | User-friendly platform | Varies | High | No | Trial account, rich educational resources |
Pips Alert | Customizable services | Up to 7 | High | 30-day trial | Discounts on plans, brokerage demo account |
5 Best forex signals providers Reviewed
Considering several factors and qualities that a good signals provider should have, we rounded up the best of the best. Here are some pieces of information about these firms and why they lead today’s competition.
1. 1000pip Builder
Sitting comfortably at the top of the list is 1000 pip Builder, a renowned forex signals provider. Boasting a strong reputation, this company pushes daily signals on a broad selection of currency pairs.
1000pip Builder is one of the best forex signals providers because they have verified historical results. You can bank on the company’s transparency and accuracy of signals, allowing clients to make strong gains.
When you sign up, you can get as many as five forex signals every day. It has a global reach and includes all the information you need to help you with your trading activities.
Pros:
- 10+ years of experience providing signals
- 350-pip per month target
- Rich currency pair selection
- Receive signals via text message for a small fee
- Flexible subscription plans
2. Learn2Trade
For people who are just starting in this industry, Learn2Trade is a great platform to join. It has a win rate of over 76%, indicating its efficiency as a signal provider. Moreover, the company offers free FX signals, which is an excellent option for newcomers to discover foreign exchange trading.
The provider also has a robust trading robot that can automatically do the trades for you. It hands members all order requirements to clients via their social media group. As many as 70,000 people signed up for this community, indicating the popularity of Learn2Trade.
Sending forex signals at various timeframes, covering for an international clientele including Europeans. This multi-location support, trading tips, and flexible monthly plans are why this provider is one of the best.
Pros:
- Up to 5 profitable signals daily
- Huge win rate
- Daily trading tips and technical analysis
- Huge community of active traders
- Free signals for beginners
- Flexible monthly pricing plans
3. WOLFX Signals
A specialized provider, WOLFX Signals is a key player in the forex and cryptocurrency trading markets. If you want to include both assets in your profile, going for this company’s plans is a good option. They offer a monthly package, as well as a lifetime plan for people who love their services.
Using Telegram as the channel of choice, WOLFX delivers several signals daily. You can also see performance updates from the provider’s VIP groups. That way, you can gauge how effective their exclusive services are and whether they are worth subscribing to.
Aside from the useful forex signals, this provider also gives you access to educational resources. You can find trading tips as well as guides to maximize signals efficiently.
Pros:
- Forex and crypto signals available
- Two free signals weekly for free plans
- Discounts on lifetime plan
- Educational resources for members
4. eToro
One of the best forex signals providers, eToro has a user-friendly platform and has everything you need. With low feels and personalized charts, you can get effective suggestions for your next trade.
You can create a trial account at eToro to explore their services. It has a huge community to help you connect with expert traders and learn advanced tricks in trading. You can also enjoy decent spreads, copy trading, and more.
Millions of customers flock to this provider’s dedicated platform and app, making it easy for traders in all expertise levels.
Pros:
- Exceptional community experience
- Rich educational resources available
- Trial account for beginners
- Traders can experiment using risk-free strategies
5. Pips Alert
An influential platform, Pips Alert offers customizable services based on trader’s preferences. It has an impressive monthly target of up to 2,500 pips monthly, and a trial offering for 30 days for newcomers.
This free experience on the platform can greatly help you determine whether subscribing is a good decision. To test your trades, you can also create a brokerage demo account. With as many as seven signals daily, profits are waiting for you to claim.
Pros:
- Discounts on annual or 6-month plan
- Premium signals for 30 days via trial version
- No card details are needed on the trial account
- 1,500-2,500 pips target monthly
What are Forex signal providers?
Foreign exchange signal providers are entities that provide key information regarding the current trading market. The numbers they churn out may come from professional traders who focus on investigating forex signals. They may also use software that automatically analyzes market signals.
Regardless of the operating structure, the best forex signals providers identify potential trades and offer a myriad of information. Firstly, they will indicate which currency pair is viable to trade, and if you should go short or long. You can also learn the ideal entry, take-profit, and stop-loss orders to select.
Partnering with trade signal providers is beneficial for people who want to deal with forex but lack tools and resources. These companies do the technical analysis so that you don’t need to do it by yourself.
How it works
Forex signals get sent as a form of alerts on your device such as a text message. If the provider utilizes automated systems, you may receive information on certain factors according to your preference. For example, you can opt to track specific currency pairs and buy or sell depending on the signals sent.
Some of the best forex signals providers automate not only the analysis but also the trading activities for you. All-around platforms use ‘trading robots’ to place trades on your behalf. On the contrary, providers relying on human input can only send you advice. It’s up to you to copy the trade or otherwise.
Ultimately, it boils down to how active you want to become as a trader. If time is an issue for you, going for a forex signals provider is a good option for you.
How to choose the best forex signals providers
When you want to get high-quality FX signals, you should pick the most effective providers in the sector. You can start by looking at these factors and evaluating the platform before signing up for an account.
Conclusion
FX signals are some of the most beneficial suggestions you can get in the trading industry. However, like most pieces of advice, you should evaluate the information you get carefully. The truth is that not every signal you acquire will work seamlessly with your trading strategies.
To ensure you get effective values, you should find the best forex signals providers and partner with them. You can use this guide or do your own analysis to make the most appropriate decisions for you!