Trading Signals Forex

ExcaliburForex.com

ExcaliburForex.com is a trading signals service working mainly on FOREX pairs and swing trading.

Trading Style
Main thing to mention about ExcaliburForex.com is their unbiased reporting of performance. All trades are reported in real-time in ForexPeaceArmy.com which is a subjective site providing reviews of trading signals, systems and forex-related services. Click here to see the reported trades.

ExcaliburForex was the first signal service to reveal its trades publicly in FPA – a very positive step which shows not only strong confidence in their abilities (which is essential for trading success) and also a great deal of honesty.

Their performance is very impressive as well. They trade mainly long-term trades (swing traders), and trade on 8 FOREX pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, GBP/JPY, USD/CAD, AUD/USD and EUR/JPY. Reports reveal several interesting characteristics:

* Win Rate is 53.85%. Not spectacular but reasonable and accepted.
* Risk:Reward is 1.50. Good. Risk:Reward is crucial for assessing the true performance of a trading signal, and such Risk:Reward is very good. It indicates that Stop Losses are placed in logical places, and traders ride profits correctly.
* Maximal Drawdown is 5%. Very much acceptable. For a service that generated high yield, this kind of drawdown shows a great money management.

Performance
2009 … +8,872 pips
2008 … +13,145 pips
2007 … +6,262 pips
2006 … +8,727 pips

Trial
Free trial is not offered, however – ExcaliburForex guarantees that if in any month profits does not exceeds 100 pips, the next month is free. A very generous offer.

Pricing
Silver Membership … 75$ per month
Gold Membership (includes short term signals) … 100$ per month

Conclusion
5/5 stars.
A highly honest service with great performance.

Visit Site
ExcaliburForex.ocm

ForexMoneySignal.com

ForexMoneySignal.com is a forex trading signal service.

Trading Style
One thing can be said about ForexMoneySignal.com – they are a very honest signal service. Their trades are reported, in real time, in an subjective and unbiased report site (available here) and they are profitable beyond any doubt. Enter points, Stop Loss and Take Profit are all reported in real-time and are honest.

Their trading style is mixed- they use some trend-following and reversal trades. One thing I did not like about ForexMoneySignal is their Risk:Reward. Their Risk:Reward is generally 1:1 which is somewhat mediocre and could suggest that they are not sure about the exits for their trades.

Moreover, their stop loss size is constant which is somewhat peculiar. A stop loss should be placed in a logical place and it does not make sense to place it at 100 pips regardless to the conditions of each particular trade. However, the bottom line is that this service has been profitable so far.

Performance
Performance is impressive and also honest and sensible: They have had losing months, but overall the picture is green. One thing that is a bit of a concern is their decline in profits. The profits of ForexMoneySignal has shrunk strongly from thousands of pips per month to hundreds and even losses. Moreover, they seem to have stopped trading in August – which could indicate some lack of confidence in system.

2008 ... 6600 pips
2009 … 1415 pips so far

Trial
Trial is not offered but a 60-days refund guarantee is provided (via Clickbank).

Pricing
49.99$ per month, with discount when subscribing to longer periods.

Conclusion
Honest 5/5
Trading Style 3/5
Performance 3/5

Overall: 3/5

Visit Site
ForexMoneySignal.com

CashBackForex.com

CashBackForex.com is a very useful service for all forex traders. It will reduce your forex spreads and comissions and even reduce the cost of some forex signals services. How it is done? Good question.

Each time you buy something from a link at CashBackForex.com, it is listed as your affiliate (Sales Agent, Referrer). As your affiliate, CashBackForex recives a certain percentage of your purchase cost. For example: You buy the Ivybot for 150$. CashBackForex.com received 85$ for this purchase because it referred you to Ivybot’s site.

What happens next is that CashBackForex shares this 85$ with you – so your purchase price is reduced! The same is for brokers. For each trade you make, CashBackForex receives a certain percentage of the spreads you paid, and it shares this amount with you so your spreads are actually smaller. For some services you will not receive payments but Bonus Points which you can convert to certain goods.

Supported Services
Brokers: FXPro.com, Alpari UK, FXCBS, Dukascopy, Tadawul FX, Alpari US, FXDD, FXCM UK, PFG (ECN), FXCM Australia, FXCM Forex System Selector, eToro, Gallant FX, PFG Express, Marketiva, LiteForex, AvaFx, FXOpen.

Services: Zulutrade, ForexMentor, Forex Automoney, FXCM Forex System Selector, Secret News Weapon, Pipboxer, FAP Winner, Fx Guru, Forex Ambush

Software: Ivy Bot, Fapturbo Evolution, Forex MegaDroid, Fapturbo, Forex Autopilot System, Forex Goldmine, L-M-T Forex, Forex Derivative, Forex GridBot, Gecko Software, ForexTester, Forex Hitter, Forex Detector, News Profiteer, and more.

Supported Payment Methods
CashBackForex.com pays through Liberty Reserve, Bank Wire, Check and PayPal.

Conclusion
Very useful service for all traders.

Visit Site
CashBackForex.com

Forex-Strategy.com

Forex-Strategy.com is a trading signals service providing signals for the FOREX market.

Trading Style and Performance
While the exact trading style of Forex-Strategy.com is unknown, the reported performance at Forex-Strategy.com is raising serious doubts regarding the service honesty.

First of all, we have received complains from several clients that reported performance differs from actual results of trading. Clients have reported that losses were minimized to show less drawdown, or sometimes excluded from reports at all. This was the first red flag regarding this service.

Second of all, the performance is clearly too good to be true. Almost 80% of trading days are profitable, a very impressive yet suspicious statistic. It is very hard and even impossible to preserve such high hit-rate for 4 years. Very suspicious. Unless Forex-Strategy.com has uncovered the lost holy grail of trading that achieves such astounding results (unlikely scenario), these results are in high doubt.

Unfortunately, exact entry and exit points are also not reported. This information could have been very helpful to better assessing the performance of the service.

Trial
Free trial is not available – 1-week trial is 50€.

Pricing
3-Months Gold Forex Service – EUR 140.00
6-Months Gold Forex Service – EUR 230.00
12-Months Gold Forex Service – EUR 390.00

Conclusion
2/5 stars

Visit Site
Forex-Strategy.com

ForexFighter.com

ForexFighter.com is a trading signals provider in FOREX. An important thing to note about this provider, is that its reports are gathered in objective sites so its performance is undoubtful.

Trading Style and Performance
ForexFighter.com provides trading signals of one trading system, for GBP\USD forex pair. Overall, they are profitable. Their ratio between average win and average loss in 1:2, which is a very nice Risk:Reward.

However, their win-rate is about 43% – quite mediocre. They also had streaks of 4 losing months, and drawdowns of 26% on equity. Another disturbing fact is that they are trading only on the GBP\USD pair. This could raise doubt regarding true profitability, and it is possible that they are trading with a strategy that only works for the GBP\USD – which reduces the possibility that it is a long-lived one. A true test for a strategy’s profitability is working on several commodities and pairs. If a strategy is working only one pair, it can suggest that it is working by luck and its performance are temporary.

2006 … 30% on Equity
2007 … 10% on Equity.

Trial
Trial is not offered.

Conclusion
3/5 stars

Visit Site
ForexFighter.com

ForexAmbush.com

ForexAmbush.com is a trading signal service for FOREX pairs.

Trading Style
ForexAmbush claims to use Artificial Intelligence in their analysis and trading decisions. It may be true or may just be a marketing trick, but claims of 100% hit rate surely sound very promising. Thorough inspection shows (unsurprisingly) that they incorporate a very skewed strategy. In other words, trades are opened with a small Take Profit (usually 20 pips) and almost no Stop Loss.

Such systems are designed to work in the short term, showing clients that the service is profitable (so they do not ask a refund) and eventually wipe out all profits in one big loss. Multiple clients reported such activity, and in fact – this is the only strategy allowing 100% hit rate. Small Risk:Reward may seem the answer but in the long-term it is certain to destroy trading accounts.

SMS, Email services are provided, plus AutoTrade service that allows automatic trading of the signals generated by ForexAmbush.

Performance
The signal service is profitable. So far there have been no losing trades what-so-ever (judging by the performance on their site). As mentioned above, this is no surprise. The question is when the loss will occur and how big its size.

Trial
Trial is not offered. However, ForexAmbush is promoted via ClickBank which allows 60-days refund.

Price
One-time payment of 197$.

Visit site
ForexAmbush.com

AceTraderFX

AceTraderFX.com is a trading signal, news and analysis site founded at year 2000. It provides real-time analysis of major and cross forex pairs, both free and paid.

Trading Signal Style
Trades are received at real-time, without previous alert and not at a fixed time. This is a drawback as one needs to be ready to take position 24-7. Alerts are given via Email, SMS and Desktop application with sound alerts. Historic trade information is not available, but AceTraderFX.com mentions that the trading and forecasting strategy consists of several methods: Chart Patterns, Indicators and Oscillators, Retracements and Elliot Wave Theory. Pretty standard methodology.

Signals are exact and provide precise price for entry, exit, stop loss and target. No need for manual or personal judgement at all.

Performance
Performance is honest and very impressive. AceTraderFX has accumulated thousands of pips in 2008 and 2009, and continue to do so. Intra-day signals appear to be very profitable. On the contrary, daily signals are much worse and give very ranging results – we would recommend against trading their daily signals.

Clients report that their performance reporting is honest and parallels their actual performance. The real-time nature of alerts prevents from taking all their trades, but a trader can choose the trades that he is comfortable with, due to its Risk:Reward preferance.

Trial
1-Week trial is available for 25$.

Price
Range between 200-300$ per month, depending on currencies.

Conclusion
3/5 stars

Visit Site
AceTraderFX.com

BankFlowData.com

Bankflowdata.com is a trading signal provider for FOREX.

Trading Style
Despite their pretentious claims that they know at what level the banks and big players enter orders, the example charts suggest a simply Support and Resistance strategy. One might argue that Support and Resistance are created by banks and big players.. but that’s another issue.

Their chart-oriented strategy is a simply yet proven strategy, used by many traders. Inspection of their previous trades show precise patterns of taking trades right on Horizontal Support and Resistance levels. This attitude allows BankFlowData.com to use tight stops. A minor disadvantage of Bankflowdata.com is the fact that they trade only these patterns – that does not happen frequently. Trades may occur once or twice a week, which may not be enough for some traders.

Another point worth mentioning, is that their Risk:Reward ratio is not very good (about 1:1), which may indicate that they do not ride their winners correctly. Despite their very precise entries, such poor Risk:Reward requires a high win-rate to be profitable, and is a bit disappointing.

Trades are given for the USD\CAD, USD\CHF, GBP\USD, EUR\USD pairs, and are sent via Email and SMS.

Performance
Performance for last year’s trades is reported, along with exact entry and exit points. Their hit rate is relatively high as they restrict themselves to trading only high quality trades. Performance is reported only until July 2009.

2009 (until July 2009) … +947 pips
2008 … +3016 pips

Trial
Trial is not offered.

Price
$249 per month.

Conclusion
4/5 stars

Visit Site
BankFlowData.com

ALGForex.com

ALGForex.com is a trading signal service and trading educator.

Trading Style
The main trading style is based mainly on charts and chart patterns. They trade bounces off trend lines, support and resistance, and breakouts. Trades from last month feature several contrarian trades in which ALG catched market bottoms and tops. This is a very good sign showing real technical proficiency and in-depth experience of technical analysis. Stop Loss are also very small (7-15 pips) and are set in logical places.

A trade from 29th of July also indicates precise trade entered at the exact bottom that is based solely on chart patterns – highly impressive. All trades are accompanied with a remark (reason for entry), and some with charts.

Performance
All trades and remarks for last month are available. ALG has a different approach to signals: All signals are given FREE, but without exact point of entry and exit. Paid subscribers receive exact trades, email and sound alerts which are easier to trade. This way you could evaluate the service as much as you want using the free signals.

Trial
Signals are given free for anyone to evaluate and trade.

Pricing
1 Month + 10 free days is 147$, 300$ per quarter, 500$ per 6 months.

Conclusion
4/5 stars

Visit Site
ALGForex.com

4XLounge.com

4XLounge.com is a trading signal and analysis service. It is providing multiple free services for trader, such as Market Barometer and trade alerts for their trend-follow system – X Trend.

Trading Style and Services
4XLounge.com is trading several trading systems: Overbought\Oversold system, Trend-following system and swing trades. All trading is done automatically by the trading systems at their site. Interface for trading is easy to understand and precise entry, stop loss and take profit information is sent via Mail, Desktop application and SMS.

Live trading room is also available in which clients can receive trading signals and chat with head trader of 4XLounge.com

Free services include alerts regarding evolving Chart Patterns, Market Barometer trade alerts on 2 pairs and X Trend system trade alerts.

Performance
4XLounge.com is very honest in their performance reporting and show losing trades as well. Overall, their systems are profitable and generate profits. Their winning rate is about 50% which is an average rate, but the high Risk:Reward makes up for it and leads to their profits.

Each of their trading systems is divided into short-term and long-term trading so traders could choose the timeframe they are more comfortable with in terms of free time.

Trial
10-days trial costs 79$. Free subscription is available and allows to test several services for profitability.

Pricing
179$ per month, 399$ per quarter, 999$ per year. Payments are via PayPal and Authorize.net, accepting credit cards.

Conclusion
4/5 stars

Visit Site
4XLounge.com