Are Forex Trading Signals Subscription via Telegram Accurate?

Forex trading signals are signals used to enter a trade hoping for a newbie trader that will make money by following the signals sent in Telegram. Should you subscribe in forex trading signals or use your own analysis when entering a trade? Let’s find out if there are reliable forex trading signals subscription that we can use to make forex traders become profitable in the long run.

There are many trading signals subscription that you can find in telegram offers by many professional forex traders with specific charge per month or lifetime subscription. Some forex trading signals provider also allows you to access in forex trading app.

Question: Are Forex Trading Signals Reliable?

Answer: There are forex trading signals that are reliable and there are many forex trading signals that are useless, and will only blow your account easily. So how do we know if the forex trading signal provider are reliable? You must back test their signals on a free demo account and find out in a month ot two if the signals are reliable.

How to find good forex trading signal provider?

All you need to do is to check the following details and information if you really want to find a good trading signal provider;

1. The signal provider must be in the industry at least 10 years with consistent profits. Check how much pips they already earned and what average per month do they make per month. 600 pips, 2,000 pips are nice number.
2. The forex trading signals provider has lot of good reviews from real forex trader customers, don’t read the testimonials in their official website, read reviews about the signals they provide on forums, other blogs like InvestmentTotal.com
3. Forex trading signal subscription price, if the price is too much, leave it. For $20 per month subscription, that is reasonable.
4. Always have a 24/7 support via email, phone and even in Telegram channel.
5. Send signals via Phone, email and telegram as well.
6. And finally, the signal provider was backed up by truly professional and expert traders using technical analysis and fundamental analysis.

Examples of Forex Trading Signals Subscription via Telegram

Example of Forex Trading Signals Subscription via Telegram

Tips in Choosing the Best Forex Trading Signal Provider

These are the tips if you want to use other signals than your own analysis. Yes, it is true that you can save time when you just use signals from VIP or Premium subscription of the signal provider compare to spending time looking at your chart.

But, you must be aware that forex trading is a serious business and therefore you must have excellent forex signal provider to become profitable in the long run.

Go to Telegram channel and search for Professional Forex Trading Signals or FX signals, use some search strings. Join at least 5 trading signal provider and use their signals in demo account. Leave the telegram channel that provides forex trading signals with high drawdowns or high losses than winnings.

Then select which one has the highest percentage of winning rate and use that channel in entering a trade for another few months. If you find the trading signal provider having a consistent wins and few losses, stick to that signals and use it in a real live account with less lot size.

But be sure to spend time in learning how to read charts and patterns because someday you don’t have to rely in the forex trading signal provider, instead you will use your own forex trading strategy.

Let me know what you think about paying for forex trading signals subscription. Leave a comment below together with the name of your Telegram channel that is giving or providing reliable forex trading signals.