There are some fairly standard features offered by forex signal service providers. Typically forex signals are delivered via SMS. Be aware that not all forex signal suppliers will offer all of the services listed here.
- Exact or approximate entry, exit and stop loss figures for trades on one or more currency pairs
- Supporting graphs and/or analysis for the signals
- A trading history showing the number of pips profit/loss per month and/or the risk/reward ratio and actual trades. Sometimes ,especially in the case of forex robots, this may be shown as back-tested results
- One-on-one coaching, or additional interaction with the signal provider such as comments, forum, etc
- Account management whereby a subscriber’s account can be traded by the signal provider
- Educational resources either via the internet or phone
- A trial period for a lesser price.
Features Offered By Forex Signal Providers
Not all forex signal suppliers will offer all of these services:
- Exact or approximate entry, exit and stop loss figures for trades on one or more currency pairs
- Supporting graphs and/or analysis for the signals
- A trading history showing the number of pips profit/loss per month and/or the risk/reward ratio and actual trades. Sometimes (especially in the case of forex robots) this may be shown as back-tested results
- One-on-one coaching, or additional interaction with the signal provider such as comments, forum, etc.
- Account management whereby a subscriber’s account can be traded by the signal provider
- Educational resources either via the internet or phone
- A trial period for a lesser price
As forex is popularly touted as a get-rich-quick method there are a number of services that supply user-generated reviews of forex signal services.