In this post I will be reviewing the Red Rhino FX signal service. Red Rhino do not just offer forex trading signals, they also offer fully managed PAMM accounts and automated trading software for MetaTrader 4. It must be said that Red Rhino FX have had solid and impressive REAL trading results for a long time now. They offer a choice of 3 different signals for you to copy which is done by using a simple to setup signal copier software that you can install on your MetaTrader 4 trading platform. You may also want to invest in a Forex VPS so that you can leave MT4 running 24/7 and therefore get all of the signals.
The draw down on some of the real accounts that you will be copying is admittedly higher than average although all 3 account have gained between 300-1,500%. Red Rhino FX do provide diverse forex investments and offer equity protection. Red Rhino FX also recommends that you have a minimum $1,000 before you start following the signals. I will add another key recommendation in addition to that – make sure that you use a true ECN forex broker for the lowest spreads and plenty of liquidity for fast execution. Oh and of course you want to be able to withdraw your profits hassle free! The beauty of forex signal services such as Red Rhino FX is that you can potentially make very good gains on your trading account with very little work – only the initial setup. Another thing to consider is that you can choose any broker you prefer as the Red Rhino FX trade copier can copy trades to any MT4 broker.
With the forex signals option, Red Rhino FX will send forex signals from real money accounts to your MT4/cTrader platform automatically for 100% automated execution. Before signing up to any forex signal service please be aware that trading foreign exchange (forex) on margin can carry a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. As with all investments, you should not invest money that you cannot afford to lose.
Before deciding to invest in the Red Rhino FX signal service, you must carefully consider your investment objectives, level of experience, and risk appetite. Additionally, you must be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor. Past results are not necessarily indicative of future success as nobody can 100% predict which way the market will move. If you find that crystal ball make sure you let me know! As with any forex signal service, your actual trading may result in losses as no trading system is guaranteed.
Having said that, Red Rhino FX do have a very good track record and many happy users making consistent profits from their signal service. The very impressive real results speak for themselves.