How to Choose the Best Forex Signals App
Eric Furstenberg • 3 min read
Forex trading signals are ever increasing in popularity. However, it’s vital to team up with an outstanding team of traders and analysts to provide you with the best forex signals possible. This guide will help you choose the best forex signals app (or forex signals provider) to drive your investment forward and upward!
When Choosing the Best Forex Signals App, Look for the Following:
The best forex signals provider should obviously be able to produce good, consistent trading results. To achieve this is no easy task and requires true professionalism by a team of expert analysts. These individuals need to know the markets like the back of their hand and should be able to adapt to ever-changing market conditions. To provide daily forex signals of the highest quality requires a persistent, focused effort and should only be performed by seasoned market professionals.
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An outstanding forex signals provider knows how to adapt to any market condition.
A highly successful forex signals app will not only yield exceptional performance in terms of equity growth but will accomplish this with negligible drawdowns. This means that the signals app will issue few consecutive losing trades, creating a steady equity growth curve. Of course, the size of the winning and losing trades also matter and not the quantity only.
Sufficient Frequency of Trading Signals
When searching for the best forex signals on the market, traders need to look for a forex signals app that issues trading signals on a frequent basis.
Why does this matter? Well, an excellent trading signals strategy with a win rate of, for example, 65%, may perform better or worse than its long-term average when only a few trades are executed. For instance, when only three trades are placed, there is a reasonable chance that all three may lose (or win). However, when 1000 trades have been opened and closed using this signals strategy, the win rate will most probably be relatively close to the long-term average of 65%.
So, with a forex signals app that issues good trade alerts on a frequent basis, traders will experience the consistent results of a ‘large sample size’ much sooner than with a signals provider who issues trading signals irregularly.
Another benefit of using frequently provided forex signals is that if you perhaps miss one or two signals, you won’t have to wait too long for the next one to appear. This will help you to achieve consistency with your trading.
Trading signals should be released frequently enough.
A Robust Track Record
Before using just any forex signals app, traders need to make sure it has a good track record. FX Leaders has been providing some of the best forex signals in the industry since 2011. Every year has yielded thousands of pips, with 2016 being one of the best so far with a staggering profit of 4907 pips.
A forex signals app that provides signals on a variety of financial instruments may increase your level of diversification. FX Leaders provides phenomenal trading signals on currency pairs as well as commodities and stock indices, giving you confident access to a variety of financial instruments across different asset classes. To find a reliable forex broker who offers all of these instruments, simply follow this link.
More About the FX Leaders Forex Signals App
FX Leaders goes to great lengths to provide the best forex signals possible. The analysts in our forex signals department are seasoned market professionals with abundant trading experience.
The FX Leaders trading signals terminal is really easy to use.
Through the years, FX Leaders has provided consistently profitable forex signals with limited drawdown periods. The frequency of our trading signals is really good with an average of more than two signals per day.
What are you waiting for? Trade forex, commodities, and stock index signals with the FX Leaders forex signals app today!