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Which is best for getting signal?
HEy guys in internet there are thousands of website or more i guess for getting Forex signal. can you tell me which will give me the correct forex news and signal. i cant trust every body though
I agree, Mql5 is a very good (maybe the best) website for signals. Look for a signal with low Array, and good win percentage. Right now it's a good time to find out which signal is good, because many system crashed last days, (forexstay as example) so now you can easily see what is a good signal and which are bad.
The best method without any indicator, we can use a large time frame to trade. For example, one week time frame, from there we can see the movement chart. From there we can trade according to the trend. There is nothing better than this?
Basic things to look at before deciding on a good signal
1) History of the signal provider; a signal that has been running for more than 100 weeks is definitely more reliable that a signal that is only a few weeks old
2) Low drawdawn rate. A very crucial factor to ensure long term survival
3) Its ability to survive the crisis periods where there were drastic and violent moments.
4) Its margin utilization. Some signal needs to open mutiple trades, the margin may not be sufficient even you use the minimum lot size for each trade
5) The internet connectivity and its speed also play a important part in your success rate
I hope those who have good experience on their live accounts will add to my comments to save the newbies from their unneccessary loses
Lim
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