In this post I will be reviewing the Profit Forex Signals service. This is an online trading signals service that sends subscribers forex trading signals which they can then choose to copy onto their own trading accounts. I would personally not take these forex signals without conducting my own market analysis.
In order to use a service such as Profit Forex Signals, you will need a forex trading account. You can open an account with an online forex broker and download the MT4 trading platform free of charge.
I always like to use an ECN forex broker due to the fact that they tend to have the best possible trading conditions which includes tight spreads, competitive commissions and good trade execution speeds.
Once you have a trading account, you can subscribe to receive Profit Forex Signals if you wish and then place the trades manually on your account. You do not need to take every single signal and may even add your own technical, price action or fundamental analysis to further filter trades.
Trades can be sent via email and SMS. There are signals for multiple currency pairs including majors such as the EURUSD and GBPUSD.
The Profit Forex Signals service has been running since back in 2010 and offers support 24/7 in multiple languages including English, Italian, Spanish and French. They can be reached via Skype and email.
I do not like the fact that the provider “guarantees” thousands of pips per month because one thing I have learnt from many years in the forex industry is that there is no guarantees when trading the markets!