How To Know If A Forex Signal Service Is Legit

[moonchild]

If you use social networks as a forex trader then you have definitely come across groups where there are people posting trade call alerts and promise to 100x your account through management, this can be hard to decipher if you are looking at subscribing to a signal service, it is pretty much difficult to tell which is the legit and make sure you did not lose money.

The first thing you should check is the type of screenshot they are sending, most of the screenshots in those type of groups are doctored, they have sophisticated software they use to change the profits and losses in an account history, so you have to be careful of that, the next thing to check is the credibility of the signal provider, are they hiding behind a shadow or they are real people you can trust? you can verify their personality through facebook, twitter and even at that you have to make sure they are not faking it.

The last line of action which is a bit risky is to subscribe and test it out for yourself, you have to take some risks here, if they are legit you will know and if they are not the results you get will inform your actions.

 

[Ivo Zetticci]

I see many traders buy signals from outside groups but these signals hardly come to fuition for them. The more a trader studies the more, the more he becomes innovative about the market. The facilities of Eurotrader broker are convenient for minimizing trading risk.