These days, FX trading has become more affordable and intuitive. Even beginning traders who are getting their feet wet can actually kickstart their careers thanks to the continuous introduction of innovative products and services leading to stunning and consistent profits at reduced risk.
As the entire industry matures, some of the best companies representing the industry keep on coming up with revolutionizing products and services. At this point, some of the best and most reputable FX brokers can boast their own services allowing anyone to benefit from FX trading over the long term, even without actual trading.
For instance, you can invest in professional traders and capitalize on their trading activities within the scope of local PAMM or some other similar services like this. For example, you can get trading signals delivered by those professional traders and still make money using those signals to your own benefit.
Capitalizing On FX Trading Signals
Some brokers have taken this to the next level by coming up with innovative solutions allowing the client to copy successful traders’ activities in automated mode. The thing is that if you want to copy those trades manually, you still have to open, maintain, and close those trades on your own, which implies a certain degree of skill and expertise in handling the software and knowing the trading fundamentals. As for the auto-copying feature, you don’t have to have that kind of skills and expertise, maybe apart from some basics of using the software, which is something you can learn in a matter of hours.
However, this feature allows you to save a lot of time since you don’t have to wait for hours just to open another trade on time. Basically, all you have to do is register with the broker, open an account, choose some signal providers to your own taste and risk tolerance, enable the auto-copy feature and you are ready to go. The master traders and the software will do the rest for you, leaving you with the option to monitor the situation from time to time and disabling certain signals on demand. This is a huge timesaver and moneymaker at the same time if you are going with the right broker cooperating with professional traders delivering premium-quality trading signals.
Simply put, if you copy the signals in auto mode, you can have zero trading experience and still enjoy decent financial results at reduced cost and relatively low risk. However, once again it is important to go with a decent broker capable of delivering such winning signals on a regular basis. The conditions of getting such signals may very from broker to broker. With some of them, you are required to deposit a considerable amount of money to be eligible for those signals. Some others may neglect the importance of backing those auto-copying services technically in order to avoid some breakdowns leading to losses and bad user experience.
That’s why it is significant to consider such services only with some of the best companies in the industry. NordFX is one of such companies. To be honest with you, this is probably the best option when it comes to trading signals, especially if to consider the fact that NordFX is the World’s Best Forex Broker 2015 (Masterforex-V Expo) as well as the best broker for auto-copying. This is not accidental, the company has proven its consistency and professionalism over the years and can be by right considered one of the best FX brokers around the globe.
Benefits of FX 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, pleaseopen 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.
http://nordfx.com/Trading_Signals.html
TOP 10 Signal Providers
This is the list of the best signals providers to date:
