• Forex trading signal services are provided by professional experts and institutions. Traders have the option of using a free service or using one that demands a monthly subscription fee.

    What is the difference?

    Mainly, traders choose one type of service over another due to the quality of the signals being received. For instance, the free services provide computer generated signals that are merely based on technical indicators and subscription based services (managed by professionals) provide signals that are analyzed by experts and then sent out to the clients. These signals are considered more enhanced.

    How do we benefit from Forex signal services?

    Firstly, you need to understand the term ‘Forex signal’. A Forex signal is an indication for a trader in order for him/her to make a buy or sell decision in the Forex market. These signals are received based on the technical analysis of currency prices from a system that generates them. A Forex signal service provides these signals by brokers or professional agencies.
    Every retail Forex trader will benefit from a reliable Forex trading signal service as it is a very crucial aspect of Forex trading. Generally, Forex signal services are recommended for beginner traders. They will avoid undergoing the worries and stress of monitoring the market constantly as the service does this instead. Forex signal services make decisions for the trader in a quick and accurate manner helping them raise their profits and reduce their losses.

    Knowing a decent signal service when you see one
    So, you know what they do and how they can help you. But in order for them to actually help you and guide you towards success, you need to find a decent signal service. Choosing the right service is critical as you will be making buy and sell decisions based on what they give you.

    The Forex signal service you need to choose must have a good background reputation. The service must have a record of providing reliable and immediate signals specifically over the past few years, not just in the present.

    Different signals are sent out to different types of traders. For example, specific ones are sent to beginners whilst other types are sent for the experienced traders. It is imperative that you choose a service that sends out various types of signals that suit various kinds of traders. It is advised to most novice traders that they begin by using subscription based services.

    Finally, you must also consider the speed of the service, their ways of sending the signals and alerts, their back testing results and the spread of their recommendations.
    The best way of discovering whether or not a Forex signal service is good enough for you, is to compare the features between other service providers and discussing the differences with other traders on the internet to decide which one is most suitable.

MT4 Broker Rebates

By admin | Published: May 3, 2011

Most traders are aware that Metatrader4 Brokers make their money on spreads and commissions when the trader’s turnover is large. Generally, brokers do indeed make an exceeding amount of money from their clients’ trading activities.

Most traders are also interested and eager to regain their cash from these brokers. Traders can receive cash backs and discounts on the funds they give to their brokers through broker rebates.

Example:

- A trader opens an account with a MT4 broker that offers 0.3 pip discount per roundtrip lot traded.

- One pip equals around $10 approximately if the trader trades with the GBP/USD currency pair.

- Consider that the trader deposits $1000 in his/her account. The estimation would be that the trader will turn up to 15 Lots per $1000 per month in his/her account when using FAPTurbo and Megadroid. Presume that the turnover is 20 lots per month on the $1000 account…

- The trader’s monthly cash rebate would then be (during the first month):

0.3 x 10 x 20 = GBP 60.

- The annual ROI would be (60×12/1000) about 72% per year.

- Considering a monthly growth rate of 15%, the trader could make potentially over $1500 per year from this program.

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