In this Ace Forex Signals review, we will take a close look and how it works and any results. You will often find forex trading signal services make bold claims but not back them up with real verified accounts which is one of the first things that I would be looking for if I was considering a forex signal service such as Ace Forex Signals.
Hopefully, this will help you to decide if the Ace Forex Signals signal service is something that you would like to try out. With that being said, let’s see if these forex trading signals are any different from the many others who make claims without any statistics for us to verify them.
What are Ace Forex Signals?
In recent years, forex signal services have increased in popularity as more and more wannabe forex traders are looking for a hands-off solution to trade forex that requires minimal time or knowledge. That may be why you are considering the Ace Forex Signal Service yourself.
The Ace Forex Signals service can send you an alert when it finds a buy or sell signal based on the market analysis of the provider. You can get buy/sell signals with entry point, stop loss, and 3 take profit levels. The trading signals are sent to your mobile phone and conveniently accessible via your web browser.
The Ace Forex Signals can be on all major currency pairs and numerous exotic pairs. You do not need to take all of the signals and can choose the fx crosses that you would like to trade. They can also send signals for the Dow Jones, S&P 500, and NASDAQ.
I would not take these trading signal blindly without first doing my own market analysis to confirm the entry. If the setup wasn’t looking good according to my own chart analysis, I would sit on my hands until the next possible trade setup came along.
Are Ace Forex Signals Any Good?
This is a really open question because it depends on so many variable factors. This can be anything from the broker conditions, current market and money management. I have seen the exact same trading signals produce a completely different set of results due to the traders using different stop loss and take profit levels. Not to mention, you have to consider the trading discipline and forex emotions of each trader. Therefore, this is akin to asking “how long is a piece of string”.
I personally do not think that anything can beat spending weeks, months and years, studying and practising how to trade online yourself. I would never want to rely on a third-party service. You have to think about what will happen if they shut down. Then you need to think about how trading signals can be open to interpretation. What may look like a valid buy or sell signals for one person, may not be a valid opportunity for another.
For that reason, I would always conduct my own market analysis to confirm any signal from a third-party forex signal service, which some may argue defeats the purpose. I just do not think there is any short cuts when it comes to trading online. The more time you spend reading about forex trading and trying out different trading strategies on a demo account, the better I think your chances are of becoming an informed trader in the long run.
Ace Forex Signals Results
When choosing any forex signal service, the first things that I would look at would be if they are publishing any real verified results. Without these, we will not have any idea of how the forex signals may have performed historically speaking. This could also give you an idea of the types of trading strategies that the signals are using to see if they are suitable for your prefeed trading style.
There are some Ace Forex Signal results being shared on the website but they have not been verified. I would say the performance looks good but I cannot say for sure if these were actual forex signals sent at the time, simply because I was not using the Ace Forex Signal service then.
Ace Forex Signals Summary
Overall, this signal service could be an option to consider for those of you who may not have the time or knowledge to trade manually by yourself. However, I personally feel that it is better to learn how to trade by spending time studying and practising. That way, you can learn about all of the different trading indicators and combine those which you like the best into your very own bespoke trading system that is catered towards your own needs.
There are also no verified Ace Forex Signal results. If you are looking for a hands-off trading solution and want to copy traders, then you might instead consider an established social trading broker such as eToro. They have millions of users and plenty of real verified trading accounts which you can copy in a few clicks.
If I was going to copy forex trades, I would make sure that I did so on a demo trading account to begin with. This would allow me to get a feel for what type of signals to expect so that I can determine if they live up to expectations. You can get a free demo trading account from most forex brokers. Once you have built some confidence and have some success, you may then consider switching over to a real live account.
It is very important to note that there are no guarantees of results when copying trading signals. Past performance is not an indication of what will happen in the future. Anything can happen in trading so it is important to make sure that you never risk more than you can afford to lose.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.