Forex Signals - Is It For Newcomers?

Having recognized the importance of Forex trading strategies, you might have already come to know that mistakes in Forex trading could be very costly. Truth be told, there's plenty of ways to be successful as a Forex trader, with 99% of these methods involve in plentiful screen time (time you spent learning and reading charts in front your computer screen), trading experience and emotions management (achievable after lots of live account trading experience and inevitable losses). Some of you might have ask the taboo question: What the heck? Can I just skip all these and go straight for the cream and earn money tomorrow? 

Theoritically, no, but in practise, there's something close to it - getting a reliable Forex signals service.

If you don't already know what it is - Forex signals simply refers to an alert where a signals provider tell you exactly when and where to go into the market, and equally as important, when and where to get out. Now, before we go in-depth with which signals service is better, let's get a better idea about these Forex signals services.

A Forex signal could be derived by the provider either based on his/her/their trading experience and trading strategies, or generated by a program developed to automatically do the job (so called EA). This signal is then comminucated to the user or subscriber, via a couple of methods. Traditionally, there were SMS and email which are as good as obsolete now. The most popular of Forex signals nowadays are delivered instantly via trade copiers. A trade copier normally has a built-in capability to trade any signals received automatically. Before you get too excited, I'm going to tell you, yes, there's nothing you'll need to do after you're subscribed. BUT.

There's always BUTs, lol.

But understand that the bads could easily outweigh the goods if you take the wrong service provider. Check out my reviews on Forex signals services here.

Back to the topic... Why Forex signals could be an invaluable tool for you as a newcoming trader?

My personal opinion is that when I was a new to all this, I benefitted from Forex signals in the many ways. I splitted my account balance into 2, 50% each. I traded one, and my signal provider traded another.
1. My signal provider is making good ROI - about doubling the account in a year.
2. I wanted to learn real trading myself but I need other source of income to keep my losses sustainable, and my provider did an extremely good job at that.
3. I developed a friendship with my provider, whom is a veteran and he taught me more than any crap forums have taught me. He also shared with me the concepts of his strategies, to which has a huge influence over how I'm trading (profitably) today.

Some said I've been lucky because I got the "right" signals provider. I can't agree more. But if you ask me does Forex signals work? I say if you get a good one, yes it does.

If you would like to learn more about doing Forex trading on your own, this article should interests you.