As a trade recommendation, the information and details such as the Buy/Sell action, the Opening Price, the Take Profit and Stop Loss targets and the Opening Time are specified well, which you can follow very easily when trading. But, you are not obligated to follow the instructions precisely as received. Signal receivers are also traders themselves and when there’s potential for more profit, they can also move the take profit target further to maximize profits.They can also move the stop loss, to nurse their trades, close their trades whenever they want or even not follow the signal at all, if markets have changed too fast.

A signals service is a provider who offers forex signals, issued either by professional forex traders and analysts or by an automated trading software. Some forex signal services provide free signals, while others offer them for a fee.

The best depends mostly on performance, so the providers with the most profit are usually preferred. But, always after testing their performance, to see if it meets the results they claim. FX Leaders is one of the most popular analysis and forex signals provider, empowered by a team of experienced analysts who utilize a variety of skills and strategies and are worth following for trade recommendations. In addition, different other factors also take their weight in the total score card for a good signal provider. The option and the time you receive the message after the trade is open are important. The risk factor as well, because some signal providers open too many signals and place quite large stops. This increases the risk. Automated trading signals might be good at certain times, but they can’t read fundamentals, epidemics, OPEC decisions, politics, etc, when the potential for profit is immense. So, you have to combine all these factors to see what signal providers are best.