Trading On FOREX Signals

Trading FOREX using high-quality third-party signals is easy, but in order to stagy profitable, special rules must be applied to maximize profits and minimize losses.

If you base your strategy on signals, you reduce the stress associated with technical analysis, and you save your time. This is definitely an advantage. But if you base your strategy on signals only, you may not be profitable long-term.

Most of FOREX signal providers give you a probability of winning signals around 60%, which means that you have to apply special money management rules, in order to reduce risk and increase profits.

It is a good idea to use intra-day signals only, and execute only those trades, which have profit/loss ratio of at least 2:1, and ignore all other signals. Also, do not risk more than 2% of your deposit per trade.

I’ve been trading FOREX using third-party signals for 5 years with a great success. If you want to know how you can trade successfully on third-party signals too, watch my video tutorial by clicking on the button below.

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