A critical factor in having success trading forex are forex signals. Traders decide whether to buy or sell a currency pair at a given point based on the forex signals. A forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time.
If you are new to forex trading or you are thinking of getting into it, you might want to get some advice or follow an experienced trader. And you might be wondering what the best place to get forex signals for free is? Below we will show you the top three FREE forex signal providers in 2020.
1. Learn 2 Trade
Learn 2 Trade is the best forex signal provider out there. It offers free forex signals, but it has a premium service also. Learn 2 Trade is not only a signal provider, but it is a trading academy on its own.
Except for forex signals, the platform provides the latest trading news on its website, courses to learn to trade forex and cryptocurrencies, brokers, broker reviews, etc. You can literally find all in one. Recently the platform started providing free forex signal on Telegram. There is a group on there where you can join and enjoy the free forex signals.
2. Daily Forex
Daily Forex is one of the most popular platforms that offer forex signals. This forex signal provider offers a worthwhile option for traders who don’t have the opportunity to follow the market for possible trading openings or who haven’t had a lot of accomplishment in their trading venture. Besides entrance and exit points, the qualified staff at DailyForex also gives risk management guidelines like when to move your stop-loss to breakeven and where to close a part of your position.
eToro is the most prestigious trading platform. Their website design is very friendly and easy to use. eToro has the most sophisticated CopyTrader software that has made many consider the platform as the leader in forex trading. You can copy all the open trades of the expert traders.
To use the CopyTrader, all you have to do is select the traders you want to copy, select the amount you want to invest, and copy all their strategies automatically and in real-time with a single click of a button.
Forex is volatile, so it is possible to catch a lot of market moves. It is necessary to pick a reliable forex platform that provides forex signals, as getting notified for signals is key to succeeding in forex trading. Choosing a platform that will provide signals for you is crucial as it will make the job easier.
You will not need to study and analyze the market as it is taken care of by the forex signal provider. Trading forex requires a lot of screen time and patience, so using the best and most efficient signal providers will significantly help you avoid obstacles on your trading journey. The three providers mentioned above are worth the try!
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.