ForexSignals.com Review 5 Things You Should Know About [ ForexSignals]. Scam or Legit

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ForexSignals.com profile provided by ForexSignals.com, Apr 3, 2020

Founded in 2020, ForexSignals.com is a portal for aspiring forex traders to follow and learn from professionals, in real time.

The 24hr trading room features 5+ live daily streams from a team of experienced professional traders. During these streams the traders discuss the market live, take trades and provide trading advice to members within the room.

In addition to the trading room, there is also a comprehensive forex educational academy across 100+ instructional videos which take students from beginner to advanced trading techniques.

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Let other traders know if this service is worth checking or should be avoided.

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Consumer Reviews

Service use: Live

Length of use: over 1 Year

Service use: Live

Length of use: 0-3 Months

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Service use: Other

Length of use: 0-3 Months

Service use: Live

Length of use: over 1 Year

Unfortunately, it seems you have not watched any of our walk-through videos or looked around the trading room properly.

Yes, members of our community can post signals and trade ideas for others to view and for the mentors to comment on them, but mentors themselves contribute trading signals and it’s entirely up to you who you follow for their signals.

In fact, we offer a feature that allows you to get direct email notifications when a mentor publishes a signal or a trade idea.

Please feel free to reach out to our chat support if you feel like you need any help navigating the trading room or understanding the products! We’re available 24/7.

Best regards,
ForexSignals.com team

Service use: Other

We’re sorry you had a less than satisfactory experience with ForexSignals.com – please allow me to clarify some of the details.

Firstly, we do NOT charge your account before the trial expires. Only after your full 7-day free trial is done and you decide to stay we then deduct the amount, based on your plan, from your account.

The pricing is as follows – $97/month for the monthly plan, $297/6 months for the half-yearly plan and $567/year for the yearly professional plan. These allow you access to various levels of benefits (for example, we include a free 1-on-1 with Andrew Lockwood in the yearly plan!).

Our Trading Academy is designed for beginners as well as more advanced traders, that’s why you will also find very basic videos in there – we don’t want to leave anyone out! :)

Please accept our sincere apology for your inconvenience and should you decide to give us another shot, we’re happy to give you another free trial so you can experience the great value our service offers properly this time and stress-free!

Best,
ForexSignals.com Team

I visited the site the first time and went through it.

Length of use: Have not used

Service use: Live

Length of use: 3-6 Months

Service use: Other

Length of use: over 1 Year

Terrible name, Brilliant site to learn.
Well, 2 years past in November, so from not knowing anything, where am I now? Im 2 years into a 4 year degree is the short answer. Yes it takes 3 to 4 years to be successful at trading . I started with Andrew, then moved on to Mark. And there I will stay, focused on one style of trading . I would now consider myself a good trader, But there is so much more to learn to be consistent in a changing market. 2020 was hard for me, but that made me concentrate on the process. Thanks everyone associated with this site. Howard.

Oct 28, 2020 – 5 Stars I often drive 4 hours to go fishing with a Guide. He teaches Me how to fish, What to look for, Where to cast and what technique to use. I have been with forexsignals.com for almost 12 months, I have only been trading for 12 months, before that I had only heard vagley about the FX market. I was a complete newby. The Mentors , Especially Mark , Have taught me how to fish ! and I am now making a consistent Profit ! If your looking for somewhere to give you fish, this it not the place!
You must put in the effort and learn yourself !! I took this on as a business ,and structured It that way. I treat the education side as equivalent to a 3 year uni course ! Hard work, but I am dedicated to it. Everything you need to do this is supplied via over 100 videos ! Also you can message any of the mentors with a question. If it is to hard to answer in written form, They will show you in their next stream. The mentors stream at least once each a day. As I am in Australia , Mark is fist up in the morning for Me ! He looks at every pair before the stream and picks out potential trades, then shows you why he likes it , what To look for to enter, and what areas for your stop loss and take profit. He teaches you to fish for yourself .

Jun 2, 2020 – 5 Stars Well, It has been a gruelling 7 Months for me, But I can now comfortably trade on my own! Something that should have taken years. Yes I have been on the computer 12 to 14 hours a day, looking at charts, Using the training that Mark Andrew and Joel have provided. I knew nothing when I started, Never had anything to do with economics or trading of any type. I started from scratch, and these Mentors and the Forexsignals members took me under their wing and helped train me Well . You don’t need to go anywhere else to learn properly. But don’t expect free signals, They are there, But you are encouraged to learn and make your own analysis of the signals provided. Many of the signals go into detail as to why the decision was made to trade that pair. Trading is now My business, And forexsignals is a crucial part of it.

Announcement

  • Join Date: Jul 2020
  • Posts: 85

Trading Scams You Should Avoid

When trading you must be cautious, first of all to avoid scams: Signal Sellers

Forex trading platforms nowadays follow algorithms. Thanks to the new technological advancements, these algorithms can provide signals to traders.

The signals, then, give them ideas about the next price movement of the asset. These systems let the traders position themselves ahead of the curve. It’s like an early warning device that tells you when to buy or sell.

Now, some brokers who commit forex trading scams take advantage of this system.

Signal sellers simply offer a system that, they say, identify good times for buying or selling. This system can on their forex trading platforms.

You can do it manually, where you put the trading info and they provide you a signal. Other times, it’s automatic. Automatic systems will put on a trade when a signal shows itself.

Some sellers depend technical analysis to justify their signals, while others base on news. Many use a combination of both.

The common ground is that they claim these signals offer you good clues what to do next. Of course, their signals come for a price. You may either pay per signal or it’s a part of their brokerage services. Criticisms of Signal Sellers

Most often, it’s easy to criticize such systems. You can simply ask, why would sell signals on widely available info? You would think it’s much better for them to use this unbelievable system for their own advantage.

Of course, there are others that really do provide signals to their clients. But the difference is that these scammers usually disproportionately tout their systems as the best.

Another important this is this: is it really possible to predict the next move in the market?

One way to work your way out of this scam is to try their signals using demo accounts. Take some time and see whether it’s really as efficient as they claim it to be. Dishonest Brokers

One of the forex market’s unique characteristics is that it has no real central regulatory body. The spot forex market, for one, is totally on its own. There’s no regulator for it.

That’s why it’s easy to see how some brokers try to take advantage of this by not dealing fairly with their clients. It’s not really uncommon for a broker to defraud a trader.

Luckily, there’s a way to avoid such brokers.

You can pick a forex broker that also deals with stock market trades. The stock market, unlike the forex market, follow regulatory bodies like the Securities and Exchange Commission. Another regulatory body is the Financial Industry Regulatory Authority (FINRA).

But don’t misunderstand that. You can still trade with a forex broker, as long as it also handles stocks.

The forex trade doesn’t go on any regulation, but the stock trades do. A broker that deals with stocks follow regulations from the SEC and the FINRA.

They wouldn’t risk losing their license for other securities. So, they probably wouldn’t defraud you as their forex trader. Phony Forex Investment Management Funds

First off, what’s a forex management fund?

This type of fund or trading account where you let an account manager to trade on your behalf. You deposit funds and then the manager does the job.

The goal of this account is to alleviate your difficulty of in terms of making decisions for your trade. You’re basically free to use your time for other things. Maybe you want to spend time with your family, or you want to go jet skiing in Tibet.

This is ideal for those who have another career to pursue. You don’t have to personally deal with the trading process. Sounds tight, right?

Unfortunately, this can be another of those forex trading scams.

It’s easy to see where the problem lies in here. The fund purports that the manager is “highly skilled” and will take care of your account. Then, they ask you to basically give up control of your money.

That sounds problematic right off the crack. Most of the time, you know very little about the fund manager.

Forex trading scammers usually describe these managers with a record of success, which may be false. It’s also super hyped up on their websites.

There’s a huge chance you’ll end up with nothing. The fund manager may get away with it and live on your money.

Admiral Markets Group consists of the following firms:

Admiral Markets Cyprus Ltd

Admiral Markets Pty Ltd

Admiral Markets UK Ltd

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Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Before using Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd or Admiral Markets PTY Ltd services, please acknowledge all of the risks associated with trading.

The content of this website must not be construed as personal advice. We recommend that you seek advice from an independent financial advisor.

Admiral Markets UK Ltd is registered in England and Wales under Companies House – registration number 08171762. Admiral Markets UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) – registration number 595450. The registered office for Admiral Markets UK Ltd is: 16 St. Clare Street, London, EC3N 1LQ, United Kingdom.

Admiral Markets Cyprus Ltd is registered in Cyprus – with company registration number 310328 at the Department of the Registrar of Companies and Official Receiver. Admiral Markets Cyprus Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 201/13. The registered office for Admiral Markets Cyprus Ltd is: Dramas 2, 1st floor, 1077 Nicosia, Cyprus

Admiral Markets Pty Ltd Registered Office: Level 10,17 Castlereagh Street Sydney NSW 2000. Admiral Markets Pty Ltd (ABN 63 151 613 839) holds an Australian Financial Services Licence (AFSL) to carry on financial services business in Australia, limited to the financial services covered by its AFSL no. 410681.

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