Forex Signals Review

Rating

4.1

Introduction

Forex Signals help retail traders create wealth through Forex Trading in their unparalleled trading room.

What comes to your mind when you hear the words Forex Signals? Trade alerts or some sort of bot trading technology perhaps? Well, the truth forexsignals.com is a platform that specializes in teaching various trading strategies and sharing real-time market insights.

Behind the company is a Mr. Nick McDonald who claims to have built himself from scratch to a point where he now is behind the multi-million platform that boasts over 500,000 trained members so far.

But is there more to Forex Signals or is it just a one-man-show? This review unearths all the facts you need to be aware of before giving this service a shot.

About Forex Signals – An Overview

Forex Signals was founded in 2012 by Nick McDonald. It features a round-the-clock trading room that comes fully equipped with multiple daily live streams.

In addition to the vibrant trading room, there’s also a thriving forex alerts system in place along with hundreds of instructional videos for self-directed learning.

Behind the brand is a team of market analysts who collectively boast 55+ years of experience. And the best part is that you can chat with them at any time (24/7) just to tap into their expertise.

More About Nick McDonald

Nick prefers to describe himself as an entrepreneur and investor. His online profiles suggest that he hails from Sydney, Australia. But as an entrepreneur with a wide reach, he has got a presence on all the four corners of the globe starting from Hong Kong all the way to the US of A.

While Nick is quite keen on promoting forex education, he seems really passionate about empowering people and helping them achieve financial freedom through well…forex trading.

To the best of our knowledge, he seems legit. We’re yet to come across any red-flags associated with his name or any of the brands he owns.

Key Features of Forex Signals

As you can imagine, Forex Signals is a bucket full of goodies. And to help you understand what it is they have in store for you, here’s a break-down of their key features.

1. The Trading Room

This is where you get to interact with Forex Signal’s top mentors, track trading signals, interact with educational videos, and follow daily live streams. Talking about daily live streams, the company provides you with 5+ streams on a daily basis.

What’s more, there’s a host of downloadable tools available to help you avail the best market opportunities available.

And that is in addition to expert market commentary from some of the best forex traders in the game.

In short, the Forex Signals trading room is slick and easy to use. It’s quite well-thought-out and built for traders by traders.

2. Education

If you are looking for a legit platform where you can learn, Forex Signals has got everything you need – and then some. For starters, they have 200+ hours-worth of educational videos along with strategic courses.

So, whether you’re looking to learn the basics e.g., introduction to Forex or advanced stuff e.g., Forex Strategy, you'll find lots of materials to take advantage of.

And the best part is, in case you find yourself struggling, you can always reach out to a mentor or even watch them doing their thing for purposes of copy-trading.

What’s more, if you prefer to learn through discussions and interpersonal interactions, the Forex Signals has its doors wide open for you (more on that in a few).

3. Strategies

In any kind of trading, you are only as good as your strategy. And to ensure that you are able to put together a solid strategy, the team behind Forex Signals has invested in a whole module that’s all about strategies.

Looking to become a scalper (day trader)? Or maybe you'd like to try your hand at swing trading? Whatever FX trading strategy you have in mind, this platform has got just the tools and support you need to excel.

Most importantly you get to learn more about different technical and fundamental analysis approaches. We’re talking about things like price action, trends, reversals, and even news trading.

4. Free Tools

We all can do with a few tools added to our investment arsenal. And in that regard, this forex alerts services provider supplies you with a host of tools that you can conveniently use to your advantage, they include:

  • Lot Size Calculator
  • Profit Calculator
  • Monte Carlo Simulator
  • Forex Economic Calendar

And the best part is that each one of these tools is accompanied by useful, educational content on how and when to use it.

5. Forum

Whether you are a beginner in forex trading or an intermediate trader you need to join some educative forums so you can educate yourself and stay updated on what’s happening.

Now, the problem is that most forums are either full of trolls or spam and, therefore, participating in them can prove quite challenging.

Enter the Forex Signals forum, a moderated forum that’s home to hundreds if not thousands of useful threads. The forum is highly active, an indication of just how powerful it can be if used right.

The moderators are always out there looking for those who might be misbehaving but ultimately, they are not too harsh or unreasonable either.

In a nutshell, the Forex Signals forum is hands down one of the best ones we have come across so far.

Benefits

So, why should you consider getting Forex Signals and not just any other service out there? Here are some of the top reasons why we believe this platform is worth its weight in gold.

It’s a Family

When you subscribe to this service you don't just get a bare-bones service. Instead, you are enrolled in a private but powerful social networking platform where you can watch and interact with industry experts and even fellow traders.

As the saying goes, “your network is your net worth.” And in that regard, you can use this platform to grow your network as you also get to learn the hard and soft skills needed to survive and thrive in the world of currency trading.

Lots of Learning Materials

If you are a trader who wants to get the most of your time and money, you’ll find the educational materials available on this platform quite handy. In short, ForexSignals is a good platform for learning and development.

Above all, those who developed the platform did a pretty good job of integrating feedback mechanisms. This way, you can always let the management know if and when you’re facing any challenges.

In a nutshell, this system offers plenty of good stuff to keep you engaged and also interested.

Different Trading Strategies

The provision of different forex trading strategies caters to a wide range of trading methods. This further adds onto the diversity of the platform as a whole.

So, whether you’re a complete greenhorn or an already thriving trader looking to spruce up your income, this is definitely a platform worth sampling out.

Rooting for your Success

Even though it is not a must that you are a newbie to benefit from this service, much of what it offers is designed to make you a successful trader.

That means you can get good value for your money here if you’re open to learning. As such, you need to be open-minded and willing to try out something new.

We think this platform would be best suited for completely new traders or already existing traders who wouldn’t mind a boost.

You might not need ForexSignals if you already have a consistently successful trading strategy, though.

How Much Does Forex Signals Cost?

The price point is an important factor for any alerts service, and at $58 per month (or a heavily discounted $312 per year) Forex Signals provide good value for money.

Please note, however, that there are three tiers available. The first one is The Apprentice and it's the one that goes for $58 per month. Interestingly, despite being more expensive, it offers fewer features than the other two tiers namely The Committed and The Professional.

The Committed costs $37 per month while The Professional goes for $26. The difference between the two is that the former is billed every 6 months while the latter is billed annually. What’s more, The Professional provides you with access to all the key features that ForexSignals is known for including a direct line to the mentors (The Committed doesn’t give you a direct line to the mentors).

Pros

  • Great educational content
  • Active trading community
  • Excellent customer support
  • Access to mentors on some tiers
  • Multiple strategies to use
  • 24/7 assistance for subscribed traders
  • Reasonably priced compared to the competition

Cons

  • Lots of time needed to study the educational materials
  • Some add-on services might not be as useful as suggested

Conclusion

Forex Signals is a sure bet for anyone who is in the market for a comprehensive learning and signals platform. Their trading community is highly vibrant and they have got one of the best customer support teams out there currently.

However, this service might not be a perfect fit for everyone. For instance, you might not make the most out of it if you already have a working FX strategy.

But if you are looking for a fresh start and fresh opportunities, Forex Signals might just be the partner you’ve been yearning for.