The Forex market is definitely one of the best and most efficient ways of making money both for rookies and experts in financial markets. For instance, such outstanding opportunities to get a decent passive income are offered by a Forex company named NordFX, which belongs to the most reputable Forex companies in the global Forex brokerage industry.
It is due to unrivaled offers and innovative products and services as well as unprecedented and competitive trading conditions that NordFX was recognized by the global Forex community, which is reflected in multiple prestigious awards won by the company over the course of the last few years.
For example, in 2013 alone, Masterforex-V Expo awarded NordFX with THREE titles at a time - Broker of the Year, Best Dealing and Best Bonus Program 2013. 2014 was also a successful year for NordFX in terms of awards. We must admit that this seems to be a really good stimulus for NordFX because the company’s experts really started trying harder to improve the company’s products in services.
Previously, NordFX launched a new service aimed at giving all traders and investors everything they need to generate stable returns on investments over the long term. NordFX experts underline the fact that the serivce’s most remarkable feature is that it is amateur-friendly. In other words, you don’t have to have a lot of expertise in trading Forex or pretty much any other financial market in order to succeed financially. This service is simply called Trading Signals. Nothing special about the name but the performance does look amazing.
The essence of this services is that you can make use of the trading orders placed by winning professional traders by copying them and getting richer along with them. Once again, you don’t have to be an expert in trading Forex or any other financial market to feel comfortable when benefitting from the world’s biggest financial market together with some of the best traders out there. While you don’t need any experience in the field, learning how to handle the trading software and copy orders will take from several hours to several days of your time, which is not that much compared to the benefits the service may bring you.
Another major benefit is that you don’t have to pay the signal provider half of your profits like they do in case of PAMM investing. With Trading Signals, the fee charged by the signal provider is way lower. At the same time, the risk of a major drawdown is reduced to the minimum. Moreover, you are in charge of everything and may suspend trading at any time.
TOP Trading Signals by NordFX
NordFX’s official website reads the following:
NordFX offers all its customers access to an innovative auto-trading service “Signals” from the developer of MT4 and MT5 platforms – MetaQuotes Software Corp.
The service is directly integrated into MT4 and MT5 platforms, allows traders to connect to thousands of trading signals providers all over the world and copy preferred signals in their accounts automatically. Any trader can also become a signals provider and make an extra income.
Advantages of the “Signals” service:
· simple and easy subscription to signals;
· special protection of subscribers from wrong calculations of trading lot sizes and excessive deposit burden;
· complete transparency of trading history;
· a high level of security both for traders and signals providers;
· no third-party access to accounts and balances held by traders and providers – even the investor password isn’t requested for subscription;
· signal subscription can be for a fee or free of charge. The standard subscription term is 1 month. In case of paid subscription, a small fixed fee is charged;
· no increased spreads or commissions.
· It takes just a few clicks to select the most suitable provider, view his trading strategy and performance and subscribe to his signals right in your trading terminal.
What’s required:
1. To have a trading account or a demo account in NordFX*. If you aren’t a NordFX client, please open a trading account or a demo account to use the service.
2. To agree to “Rules of Using the “Signals” Service” and “MQL5.com Signals Service Terms of Use Agreement” on the MQL5.com website.
3. To register (open an account) on the MQL5.com website to create an MQL5.community account.
4. To go to “Tools” – “Options” in MT4 or MT5, select “Community” and enter the login and password for your MQL5.com account.
5. To go to the “Terminal” panel, open the “Signals” tab, choose a signal of interest and subscribe to it.
You can subscribe to signals via MQL5.community as well. Take these steps:
1. Log into your MQL5 account on MQL5.com.
2. Select a suitable signal from the signals list and click “Subscribe”.
3. Indicate the duration of subscription (a week or a month) and its start date.
4. Then enter NordFX and your login (your trading account number) to which trades will be copied.
The signals providers rankings can be viewed in the trading terminal or on the MQL5.community website.
To become a signals provider, one needs to register as a Seller on the MQL5.community site.
There is a one-month qualification and monitoring period for all paid signals when they are checked for conformance to a number of requirements. If a trader offers signals free of charge, they don’t undergo a qualification period.
* One trading account can be subscribed to one signal only.
Not so long ago, NordFX revealed the list of TOP10 signal providers in late April 2015. This step was made in order to help potential investors made their choice. The current rating of NordFX’s signal providers looks as follows:
As we can see, in April 2015, ProfitGrabber was the leader of the rating. He is one of the veterans of the NordFX rating. His path started in July 2012 and has been giving relatively stable profits ever since… up until recently. For example, in October 2014, after a 32% drawdown, he generated 1125%, while the amount of subscribers exceeded 1000.
Still, this was a volatile game, which cannot last forever. On April 30th, 2015, ProfitGrabber’s drawdown reached 99,99%, which cost him 240 769,61 USD. Still, the most surprising fact about all this is that ProfitGrabber is still active after depositing 50 000 USD. Most likely, he is trying to follow into Phoenix’s steps, who managed to arise from the ashes.
The incident with ProfitGrabber proves that no investor should ever put all eggs in one basket. Diversification is a crucial part of any investment. In general, spring 2015 has been a difficult time for all traders
Another lesson we all have to learn from this is that it is always important to consider the master trader’s drawdown and equity curve on top of being tempted by amazingly high yields. When considered together, these data will give you a more solid understanding of what to expect from the signal provider in the long run. Good trading!
