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HOW TO CHOOSE A GOOD FOREX SIGNALS PROVIDER?

Selecting a good Forex signals provider requires some common sense and a bit of investigative work. Do not take everything at face value and rest assured that amongst the legit professionals out there, there are many swindlers who are preying on the naive and inexperienced Forex traders. Since almost everyone can set up a professionally looking website in a matter of minutes and listing fictitious performance results is nothing new, you should always take the time to verify the numbers. Read reviews, visit some of the large Forex forums, and speak to past subscribers in order to verify the legitimacy of the Forex signals provider that you are considering. Find out if their website has been around for at least as long as their trading history and see if the provider offers back testing, which will allow you to confirm the quality of their Forex signals.

Some Forex signals providers send the alerts to third party websites, which then rank all of them based on their daily, weekly, or monthly performance and allow the traders to filter the various providers based on the system type, total gain, drawdown, and other factors. As a final resort, you can visit some of the large currency trading message boards, where all Forex related services are openly discussed and try speaking to past subscribers and find out more about their experience.

Keep in mind to be disciplined and patient while trading to avoid losses. Always trade with what you can afford to lose, exercise good money management, and try to learn as much as possible in order to become a successful trader!