ForexSignals.com is a very popular signal provider, with millions of views on YouTube, providing live streams, the video courses, and chats. They claim that 99% of traders fail, but their clients are in the top 1%. Today, we will let you know if they truly are in the 1%, and if they provide proof of that success or not.
Owned and operated by Nick McDonald, the site was first launched on May 1st, 2012. Shortly after creating the website, Nick Park with Will Thomas, to help develop the website and provide a better service. Now, they have 11 full-time staff, a trading team 9 dedicated professionals and over 40,000 members. This is certainly one of the most popular Forex signal service is available. In order to get in touch with support, traders can email email@example.com.
At the top of the sales page, the ForexSignals.com team introduces 2 new coaches with “over 50 years combined Forex trading experience.”
These coaches are Andrew Lockwood, and Mark Bennell. The short snippets about each trader, explain that they are both day traders, that focus on fundamental and technical analysis. It’s good to see that this service is providing insight into their coaches and signal providers, as this is an important aspect that all of the best Forex signal providers, should subscribe to.
The ForexSignals.com explain that they utilize 3 different Forex trading strategies, and they teach each of these strategies in complete detail to the trader.
The first strategy is the Naked Trading Strategy, which is an indicator free approach built on “price action foundation he support and resistance levels.” The second, is the FX Propulsion Strategy, which is an interesting approach that utilizes indicators to pick out “bullish and bearish markets.” Lastly, the Trend Surfing Strategy looks to catch big market movements, while keeping a favorable risk reward ratio by following the trend.
The Naked Trading Strategy comes with 8 Pro trading videos, the FX Propulsion Strategy, with 6 pro trading videos, and the Trend Surfing Strategy, 5 videos that are soon to be released.
- Type: Forex Signals
- Price: $97/month
- Strategy: Multiple Strategies
- Signal Frequency: Undisclosed
- Pairs: All Pairs
The service can be accessed for a 7 day free trial, but you are required to provide your billing information up front. After the free trial, the ForexSignals.com service costs $97 per month, or $249 per year. With this package, traders get access to the trading Academy, daily live trading sessions, trading tools, and advanced trading room. For 10% off, traders can use the promo coupon code DAYTRADER, which offers a recurring discount.
There doesn’t seem to be any information about how the signals are provided, which is surprising because most providers explain exactly how they disseminate their trade alerts.
While the website is very professional, and quite impressive on many different levels, they don’t seem to provide a track record of their trading results.
Ideally, we would like to see some client trading accounts, uploaded to Myfxbook or at least some sort of trading statement.
It’s very common for Forex signal services to avoid this aspect of the service like FXTP Signals, or Dex FX Markets, but for transparency sake, it’s something we hope to see from every vendor.
The client feedback for ForexSignals.com is quite positive, as their FPA rank is currently 4.5 out of 5, which is very difficult to achieve.
While the most recent review claims that it’s a horrible value, most of the comments are overwhelmingly positive.
The ForexSignals.com service is one of the more professional in the marketplace. We certainly appreciate the fact that they provide information about their company, the owners and some of the signal providers as well. This gives us great insight into their trading approaches, especially because they provide analysis of their strategies as well, video breakdowns in their members area.
The only issue we see, while it can be simply rectified, is that there isn’t any real trading results for us to peruse before signing up. We would appreciate some sort of Myfxbook track record, so that we can be assured that the signals are performing well.
If you have anything you would like to add to the review, please leave your questions and remarks below the article now.
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ForexSignals.com is a Forex signal provider, and one of the biggest players in the entire Forex product marketplace.
Team members introduced
Can’t find performance results
Average price point