Trading Signals Forex

Prosignal-Forex.com Signal Provider

ProSignal-Forex.com is a Forex signal provider working since 2006.

Service
Prosignal-Forex.com provides signals via email only, no SMS or desktop-signals available. Also, there is no support phone – merely email.

Performance
Multiple reports by clients of Prosignal-Forex.com suggest that their performance highly deviates from the official reports on their site, and that their actual results are much worse. Clients we have interviewed claim that hit-rate is very low and most trades turn out losing money. Reported performance also does not account for spreads and commissions.

Separate multiple reports that are highly negative raise high doubts regarding the profitability and honesty of Prosignal-Forex.com

Trial
Trial period is not offered.

Pricing
99$ per quarter, no refunds available. If a quarterly results are negative, clients are given another quarter subscription free.

Conclusion
1/5 stars

Visit Site
Prosignal-Forex.com

Millenium-Traders.com

Founded in 1999, Millenium-Trader.com is a veteran site dedicated to trading signals and training. It provides trading signals for Forex, Stocks, Swing trades, and Futures trading signals. It also provides one-on-one training programs with in-house traders.

Trading Style 3/5
Trades are based mainly on Momentum which is a trend-following approach. All trading occurs in a trading room that is moderated by Expert Moderator, that is, a professional trader signaling entries to trades. A major drawback is that the traders do not provide precise entries, merely ‘recommendations’, and demand that clients do their own thinking before entering trades. Also, exits are not mentioned at all, which makes it a very poor service for beginners.

Results from week trial were interesting: while exits were not mentioned, entries were generally profitable and in the direction of the trend. However, exits is a major part of the system, and without precise signaling any trend-following method is of little use. Yet, signals are reported to be precise and allow margin to exit trades profitably.

Trading Performance 2/5
On a first glance the historical performance looks very impressive – Forex trading room has yielded 425,800$ of profits in 2009, and 8,700$ last week alone. Swing trading room also yielded $265,250.00 and so as other trading rooms.

However, trading performance is strongly biased – because exits are not signaled, profit is the greatest number of pips reached even after trade was closed. Example: Trade #1 reached +5 pips profit and then plummeted to touch stop loss. Reported profit will be +5 pips. This is a strongly biased performance tracking that highly differs from actual results.

Trial
1-week trial is offered without any obligation or credit card information.

Pricing
Services are rather expensive:

Stocks trading signals … 249.9$ per month, 637.25$ per quarter
Futures trading signals … 249.9$ per month, 637.25$ per quarter
Forex trading signals … 249.9$ per month, 637.25$ per quarter
Daily trading signals … 249.9$ per month, 637.25$ per quarter

Conclusion
3/5 stars

Visit Site
Millenium-Trader.com

UnderstandMarket.com Trading Signal Provider

UnderstandMarket.com is a trading signal provider established in 2006.

Trading Style
UnderstandMarket.com is providing trading signals for 5 FOREX pairs (EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD), the Gold and the S&P 500. Their trading style is very conservative, and they take about 1 trade a month. This is one of the more conservative approach we have seen, but unfortunately it makes it hard to estimate the true performance of the service.

Another strange fact is that the performance track is only for 2005-2006, and no performance is reported for recent years.

They are also providing Probability Maps – projection of the future price based on Artificial Intelligence calculations, that attempt to show you the future course of price. Examples are very impressive.

Trial
Trial is not offered.

Pricing
Pricing is not stated, neither payment procedure.

Conclusion
2/5 stars

Visit Site
UnderstandMarket.com

ForexOnlineSignals.com

ForexOnlineSignals.com is a very simplistic forex signal provider – it provides signals for 2 market sessions: 00 to 12:00 GMT and 12:00 GMT to 23:59 GMT. First impression is of a simple and stratightforward signal provider. Signal are provided without any analysis or charts – simply entry point, stop loss and take profit position. Signals are sent via SMS and Email, and are covering 6 FOREX pairs.

Nevertheless, this providers shows disturbing anomalies in its reported performance and should be treated with caution.

Trading Style
At first glance the reported performance seems satisfactory as most months are profitable. Looking inside the historical trades, one can get a different picture.

First of all, Stop Loss and Take Profit for trades are generally equal which implies that Risk:Reward ratio is very poor. Trader needs to have an astounding hit rate in order to be profitable with such money management.

Second of all, the historical trades page does not report trade entry time, which makes it very poor reporting with little value at all. If entries are given at the beginning of the market session, results are very different from those reported.

Most disturbing of all, we have found evidence of anomalies between reported profits and actual price. Example is the AUD\USD trade at 6th of August, 2008 (link):

AUDUSD FOREX Trade, as reported

AUDUSD Chart at 6th of August

While a mistake like this can be an honest mistake, historic performance are less than reliable and even if so, the low Risk:Reward is very unprofessional.

Trial
Trial period is not available.

Pricing
Pricing is per signal, that is, client purchase credits that can be converted to trading signals. 17.95$ for Mini package, 34.95$ for Standard package and 87.95$ for Pro package.

Conclusion
1/5

Visit Site
ForexOnlineSignals.com

IntelliForex - Trading Signals for Forex

Intelli4x.com is a trading signals provider for FOREX pairs. It is provided by Financial Algorithmics LLC. Financial Algorithmics LLC is a privately held, venture capital backed company which specializes in the algorithmic trading, development of online financial products, services and platforms.

Trading Style
Intelli4x.com is offering 5 trading systems for its clients, each one with unique trading signals and algorithm: Katana, Swing, F1, ES3, and Intraday Pro. The most profitable one is the Intelliforex Swing, which yielded +6,850 pips since its initiation. The systems are based on Pattern Recognition, Trend-Following and Scalping. Previously, manual trading systems were also offered but due to severe drawdowns they were suspended.

Despite some draw-down and very wide stops, the systems performed very well during our 14-days trial period, yielding +217 pips in two weeks.

Easy To Use
Interface is very easy to use and understand, and trades are sent in a simply format, with Stop Loss and exact Entry Point. Charts are supplied to illustrate the direction of trades.

Trial
Free 14-days trial is offered without need to enter credit card.

Price
Pricing varies with system: Katana – 199$ per month, Swing and F1 – 149$ per month, ES3 and Intraday Pro – 99$ per month.

Conclusion
Pricey yet effective and honest service. 5/5 stars.

Visit site
Intelli4x.com

ForexSignals.net

ForexSignals.net is a Trading Signal Provider established at 2007.

Trading Style
ForexSignals.net offers trading signals for FOREX pairs, indices, precious metals, energy, commodities and other CFDs. In total, signals are given on 40 financial instruments.ForexSignals.net offers multiple trading signals using various advanced mathematical algorithms to generate precise entry and exit signals. Their site mentions that signals are calculated using adaptive algorithms, indicators and patterns.

Signals are given through 8 signal systems, each focused on different pairs and markets – 5 systems are forex-dedicated while 3 are focused on commodities and indices. Signals are given once or twice a day, depending on signal system.

Performance
ForexSignals.net generated a return in excess of 31% in 2006 and a year-to-date return in excess of 10% in 2007. However, the historical performance page indicates that trades occur very rarely – and profits for several Forex systems are very close to zero. This indicates either high volatility in profits, or lack of trades. Neither are good for a signals provider.

However, the MBoOst and InBoOst systems seem profitable overtime and produced +7,000 pips in 2008.

Trial
Free trial is not available. 7-Days trial costs 49$.

Price
189$ per month.

Visit Site
ForexSignals.net

NetPicks.com

NetPicks.com is a Forex services provider since 1996. It provides trading signals, indicators, trading systems, and trading coaching services.

Trading Style
NetPicks trades the EURUSD, GBPUSD, USDCAD, USDJPY, EURJPY, GBPJPY, GBPCHF and AUDUSD pairs. They also provide trading signals for the DAX, Futures and eMini signals.

Performance
Results are not reported at NetPicks site, which raises suspicions regarding the profitability of their signals. Many clients reported big losses from this provider, and few reported a mediocre profits. Short-term results of 2-week trial were also less than satisfactory.

Trial
2-week trial is offered free of charge. Pay attention: if you do not specifically ask to finish subscription you will automatically be billed.

Price
197$ per month, 495$ per quarter.

Overall Score
2/5

Visit site
NetPicks.com Signal Service

TradeFXPlus.com

TradeFXPlus.com is a trading signal provider established at May 2005.

Trading Style
While TradeFXPlus.com trading style is somewhat unknown, they demand high trade quality and therefore enter less trades – average of 3 signals per week. Traded currencies are EUR/USD, USD/JPY, GBP/USD and USD/CHF. All signals are given at exactly 20:00 GMT every day, so very less screen time is needed. A simple trades settings is required, and exact entry, stop loss and take profit prices are given for each trade.

TradeFXPlus.com offers 3 ways of signal notification: SMS, Email and Desktop Alert. These reduce the risk of missing a signal and their interface is easy to understand and use.

Performance
Results of trading are very positive – the signals has yielded very little losing months and traders of TradeFXPlus.com are very consistent in results. Provider is also honest with results and post losing months as well.

January 2009 … -32 pips
February 2009 … +160 pips
March 2009  … -495  pips
April 2009  … +464 pips

Total 2008 … +1,902 pips

Trial
Visitors can get free signals for the EUR\USD currency to test the signal’s performance and results.

Price
69.96$ per month, 147$ per quarter.

Conclusion
4/5 stars

Enter Site
TradeFXPlus.com