How to Identify A Reliable And Genuine Forex Signal Provider?

When you hire a forex signal provider to receive trading signals or account management services, you need to be very careful. It’s common to get in the exposure of the industry when you are not able to make right decisions of trading for any of the market products. This brief article will bring your attention towards some of the key takeaways and what not to be fooled by. Pay attention while reading the information available.

 

–>Good quality signals always come from higher time frames. The signals are proven to be more useful for a long position rather for a short-term position because of its low volatility. Short-term trading has higher risks and volatility level and can go wrong.

 

–>One of the most important characteristics that you need to look is looking at the tracks and profitability. If you round the eyes, you would see all forex signal providers claiming themselves the best choice for their customers.

 

–>Reliable, prominent and experienced forex signal companies believe in keeping transparency and maintaining satisfaction of its clients and therefore they provide trail period offer to all potential customers. Traders can directly contact them to ask for a trial before paying the amount for monthly subscription for the signals.

 

–>Before making a decision about forex signal provider, it is also important to know the types of trading signals on accordance of their source which includes fundamentals and technical analysis and both. Knowing these significant elements will help you to know the success rate and also profitability of the signals.

 

–>If you have never traded like a scalper, do not subscribe for short-term signals. If you involve in long-term trading activities, subscribe for relevant nature of signals.

 

–>Comparison always gives you the best deal. Before hiring any service provider, it’s better to make smart search of some best signal providers, compare their services, look for their offerings and final the best option among all.

USD/CAD:Acid test for bulls at resistance level

June 11 , 2018

 

Earlier bulls were heading north side aggresively and making higher highs and higher lows but after arriving at 1.3067 level they are struggling to move up further due to strong supply zone as it is previous swing’s high. However, bears are not able to convert this opportunity and pair is still hovering at that level. The 1.3093 level  is a make or break level. A valid breakout of this resistance level will open the way towards the 1.3250 level and a downfall from this level will put the pair at 1.2850 level and then  bears will get active.

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USD/CHF:-Chances Of Double Top Pattern, Go For Short

June 1, 2018

 

Well earlier pair was making successively higher highs and higher low but after arriving at 1.0030 level which is a previous swing’s high, the bulls were unable to have further rally and it limited to that level. As it was a strong key resistance level so bears enter in the market and tried to dominate the bulls. Bears got the enough strenght for first phase and took it downside below all the major and minor EMA lines. Well from technical prospective we can see that potential double top pattern has been formed which indicates that it is just a starting further downfall is still awaited.

 

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