ForexSignalLive.com is a trading signal and trading room service for Forex.
Trading Style
ForexSignalLive is not a mechanical signal provider. Instead, clients spend the trading day with ForexSignalLive’s head trader: Mark. In the trading room Mark gives trading insights, real-time analysis and trading signals. This demands clients to spend their entire day in trading room which may not be suitable for all clients. They are working on a new automatical tool to enable clients take trades automatically.
ForexSignalLive is providing signals on several currency pairs: EUR\USD, GBP\USD, AUD\USD, USD\CAD, USD\CHF and USD\JPY. This is very nice and if their performance is honest this is a very positive sign of true profitability.
Their exact entries and exits are not reported so we cannot reach any further conclusions.
Performance
Performance is impressive: ForexSignalLive had no losing months in the 2009 and have yielded +6130 pips. In 2008 they have pocketed +7184 pips – quite an impressive result. However, they are not reporting their performance in unbiased sites, so their performance is not proven nor tested.
Moreover, ForexSignalLive is not reporting exact entries and exits for trades, which is
January 2009 … +1,705 pips
February 2009 … +1,296 pips
March 2009 … +1,251 pips
April 2009 … +676 pips
May 2009 … +850 pips
June 2009 … +295 pips
Trial
Free trial is not offered.
Free Service
It is possible to receive trading signal for free if one registers with FxPro broker. ForexSignalLive is affiliated with FxPro so it receives rebates for each broker client – these rebates are used to pay for the service.
Pricing
189$ per month
Conclusion
3/5 stars
Visit Site
ForexSignalLive.com
September 2nd, 2009
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