Forexsignals.com Review: We take a look at Nick McDonald’s robot. Join in this review as we answer questions such as Is ForexSignals.com Legit? Is ForexSignals EA good? Basically we aim to check if buying from this EA provider is worth it? Read through our review to see what experts have to say about ForexSignals. This is one of the legitimate and most impressive EA we have seen in a while.
Official website: https://www.forexsignals.com/
Table of Contents
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What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on. It even starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it is mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are just out to deceive and steal your funds. Considering what they offer and proofs are effective means of discovering fraud and reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Forex Signals Software Review
This EA was launched on May 1st, 2012. It is owned and operated by Nick McDonald.
As of the time of this writing, the team has 11 full-time staff, a trading team 9 dedicated professionals and over 40,000 members.
How Forexsignals.com EA Works
In this section, we cover the strategy of the EA. We also looked at the trade result if they provide any. We hold Trade results posted on myfxbook to be standard but we also consider fxblue and other alternatives.
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The ForexSignals.com explain that they utilize 3 different Forex trading strategies, and they teach each of these strategies in complete detail to the trader.
The sales page lets us know that they utilize three separate forex strategies.
Their first strategy is the Naked Trading strategy. This strategy is an indicator free method built on “price action foundation he supports and resistance levels.”
The second strategy is the FX Propulsion Strategy. This uses an indicator approach to select “bullish and bearish markets.”
The third strategy is the Trend Surfing Strategy, which aims to catch big market movements while maintaining a reasonable risk-reward ratio by following the trend.
This software also has the Risk Manager EA which helps protect your account from blowing up ; Momentum Meter – A tool used by investment banks, allows you to see the strength of currencies and the Naked Trading EA – that never allows you miss a trade and also gives custom notifications; all embedded in it.
ForexSignal EA Price
Customer feedback is a vital instrument for us to offer a quantitative review and analysis of an EA. We mostly consider feedbacks on third-party sites, as the EA team can concoct or pay for manipulated reviews on the official page.
This EA has a good name with the community, below is one of those glowing reviews you can see on ForexPeaceArmy( the largest forex forum)
After going through the claims and promises of this EA and also the reviews. We have nothing but high praise to give to this EA and the team behind it. And our team of experts strongly recommend this forex robot.