Forexsignalz.com is a professional Forex signals service for those who want to enhance their trading experience. The signals are delivered through SMS with exact entry, exist and stop loss. Clients can also see how their supposed experts are trading and reacting to market changes. This is something similar to a trading room operation because we don’t understand how exactly traders can get to see how these professional are reacting to the market if the experience is not provided in a trading room.
Forex Signalz is allegedly delivering signals 24 hours a day, meaning that their clients will never miss a trade. The signal service is providing two trade alerts every week for major pairs such as EURUSD, GBPUSD, USDJPY and USDCHF.
The vendor who operates Forex Signalz website is known as Alp Kocak. They trade Forex and actively contribute at FX Academy. The entity is based out of the UK, and from our observation, this entity appears to have some experience in the Forex market place. The sales page tells us that Alp has been trading FX market since 2003. He has been trading using Candlesticks and Ichimoku Kinko Hyo. The strategy that he implements involves taking advantage of the early changes occurring in a trend. In addition to that, he reveals that he is using ”strict principles” of trading in order to ensure that the win rate is pretty high.
So the question is this – is Forex Signalz a reliable FX signal provider? Are the promises which the sales page is making real? Will you get value for money?
Note: Here are some FX trading robots to use.
One of the promises that they are making is that signals will be provided in real time together with take profit, stop loss and entries. This is made possible through the delivery of trade alerts through SMS. The reason they feel that they are a better than the competition out there is because they are able to react to changing market conditions and are providing signals 24 hours a day. They also claim that this is beneficial to their global client base since their signals are not affected by time zone.
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When speaking in terms of strategy, it isn’t quite clear what methodology they are using. However, we are introduced to one trader whom we had discussed earlier at the beginning of this post. We said that his strategy involves minimizing draw downs while trying to figure out how profitability can be maximized. He also believes that FX traders must never sit tight through losing streaks.
In other words, this trader is promising us that we will never have to undergo losing streaks when we utilize the services of Forex Signalz. That can be a good thing. However, is there any assurance that this will be the case when we get to subscribe to this signals service?
One thing we would like to see this signals vendor doing is to give some more in depth information concerning the service. As it currently stands, the sales page isn’t in depth. It is quite simple and devoid of useful information that can lead clients to make an informed decision. By the way, this is also the reason why we have removed a star or two in the ratings of most signals providers that we have reviewed here before. These include Trends2Trade and many more.
Their explanations are always shallow and very simple. Perhaps they think that if they keep it simple and shallow, it will attract more people. But that is not the the way things will work out in the end. The Forex marketplace is simply full of people who are quite inquisitive, and telling them what you do is not enough. There needs to be some in depth information regarding your operation.
The price of these FX signals is $69 to $89 per month. They are trading technical analysis on all time frames. We have already mentioned the pairs that they are trading. To gain access to these signals, traders can choose between 3 different plans.
The first option that Forex Signalz is offering its clients is to sign up for half a year in order to gain a 22% discount. This can be obtained for $69 per month. The second option is giving clients a discount of 16% and involves signing up for the 3 month duration. This one will cost $74.99 per month. The third option costs $89 per month and does not come with any long term commitment.
Apart from the 3 plans which they are offering clients, Forex Signalz is also offering a 14 day trial plan in which clients can test their signals for $1. If you are a wise trader, you should first test this service using this option because it is the cheapest and you stand to lose nothing if you’re trading on a demo account.
Forex Signalz does not have any significant client feedback about their service on the internet. However, there are a couple of reviews featuring on review sites. There are also a handful of customer feedback dating 2014. Other than this, there is really nothing about this service.
In terms of performance, Forex Signalz is providing us with a table of results on their site. This table is showing us the month, year and performance for the specific duration that one might be focusing on. This table is showing a total gain of 0% in the last 7 months. We do believe that Forex Signalz is quite honest about their results even though the contents of this table isn’t verified.
Now that we have seen the performance of this signals provider, do you still think this service is worth it? First of all, we are glad that this service is transparent when it comes to the losses they’ve experienced in the last 7 month. It is difficult to find a signals service displaying these statistics and admitting that they’ve been losing trades. So Forex Signalz is quite unique. On the same note, we are advising Forex traders to use these robots.
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