Oct 31

At this time there are various types of trading signals available on the internet. Various companies and individual traders have Trading Rooms where people can login and obtain live trading signals. I have been a member of some of these rooms and what you get really varies from room to room. Personally I am more than a bit jaded on most of these trading rooms because there are very few who can provide consistent results, month after month.

Another important factor to consider is how much you have to pay for the service. If you are paying 200$ per month for a forex trading signals service and your account only has 2000$ in it, you would have to have 10% per month just to cover your fees. This can happen from month to month but generally you will have a hard time finding a provider that earns more than 10% / month consistently.

Another option that has gone public over the last 2 years is auto-trading. This has many advantages including time freedom. You don’t have to be logged into the room all day waiting for signals sharing the emotional rollercoaster with other wannabe traders. You simply select which provider you would like to trade for you, what you are going to risk and that’s it. Check your account everyday or week and you are all set. At my blog Forex Elite I have info about the best autotrading service available today
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