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Top Accurate Forex Signal: Where To Find Quality Forex Signal That Actually Works? No More Scam!
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Top Accurate Forex Signal: Where to Find Quality Forex Signal That Actually Works? No More Scam!

The Forex Market and the Use of Forex Signals

Forex is one of the largest financial market in the world with 4 trillion daily turnover as of 2010. People from all walks of life are jumping into this market because of the high potential income that you can earn if you trade the forex well. The problem is people are trading with real money account way too quickly without the proper education. As a result, many people are losing their shirts sometimes within a matter of days or weeks without proper money management. Often times, beginner traders are advised to use top accurate forex signal service to guide their trading decision in their early journey into the FX world as they began trading.

Forex signal is basically a third party who provides buy/sell recommendation based on careful analysis to inform their clients when is the best time to enter a trade. The problem is there are so many forex signal service out there, it is very difficult to determine which is the top accurate forex signal.

Here are some places that you can find top accurate forex signal:

1) Forex clubs

If you live in a big city or town with a decent population, you will find social clubs or forex club cater to traders who want to share their knowledge and expertise with the community. To find them, you can simply do a google search or if you can’t find it, you can find a local investment club in which people who are investment savvy will probably have heard of or be involved with forex trading.

As a beginner, it is important to have a mentor walk you through the basics of setting up a trade such as entry order, exit order, and various risk management techniques such as stop loss or take profit level. By getting connected with these experienced traders, you can network with them through facebook or twitter and inform each other when to enter a trade.

2) Forex News Subscriber

There are numerous financial publication specifically designed for the forex trader in mind since forex is such a global market, practically any major political or economic events will have an impact on the forex market one way or another. With a low monthly fee of $10-20, you can usually find reasonable forex news publication.

Often times, forex news company hired a panel of currency experts who will do forecast of upcoming currency trend on the next coming weeks based on fundamental and technical analysis. Because each expert has a different opinion about a particular direction of a currency pair, it should be taken only as advice and you have to make the finalize judgement before you enter a trade. However, the most useful part about considering the advice of the expert is often times, each expert will predict a particular range of how the currency pair will go about. As any trader will tell you, price action is key in making high percentage profitable trade. Being able to have the price range of a currency pair will come in handy when you decide to enter a trade.

3) Forex Brokerage

Top accurate forex signal providers usually require a monthly subscription fee in order to get in on the signal information. There are a few free signal providers out there but most proved to be inaccurate. There is one top accurate forex signal provider called zulutrade that provides free top accurate forex signal. Zulutrade is considered a trustworthy providers because it is a legitimate service through FXCM, one of the few forex brokerage who recently got listed on the New York Stock Exchange.

Zulutrade is basically a database of professional traders who offer forex signal through the FXCM brokerage. These traders are ranked based on their past trading performance. The traders who are followed by their clients the most are obviously the ones who are making the money for everyone while mediocre trader is quickly replaced in the system to ensure that zulutrade is providing quality forex signal service.

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