Forex Trading Signals: A New Way To Buy Nuggets

With a large number of Forex trading signal services offering weekly or monthly plans, a subscriber can feel cheated if the number of signals offered in a month is too small or if the signals incur losses.

So what are the solutions available?

What about guaranteed earnings?

When a subscriber buys signals, instead of putting them on a recurring plan, can’t the person buy the number of pips they want to get from the service?

How does this new solution work?

A subscriber first decides how many profit pips he wants to earn. Once decided, you will be able to choose between the plans offered by the service. Generally, the higher the number of pips you buy, the cheaper the cost per pip.

Benefits of this new solution:

One benefit of this service is that the subscriber will continue to receive signals from the provider until they earn the number of pips bought by them.

In effect, it is like a prepaid SIM card where you can buy voice minutes in advance.

Another benefit, if one chooses to discontinue the service, the subscriber can re-sell the unearned pips. Most signal providers offer this feature. If this facility is not offered, be very careful.

Payment options:

A very safe way to pay for the service is through PayPal. If your signal provider does not provide the PayPal feature, be very careful as there is no shortage of bad items on the internet.

Trading style:

Another very important factor to consider is the trading style of the signal provider. Some offer scalping trades, for some intraday trades and for some swing trades. Make sure to first identify the trading style you are comfortable with before signing up. If you like swing trading or have very little time to trade, you can choose to set and forget the signals.

In my opinion swing trading is what one should be aiming for because it makes you rich rather than your broker by minimizing spread costs and over-trading.

Plus, having a set-and-forget service can give you peace of mind. As you don’t need to be glued to your screen and you can check the market only once a day.

Therefore, we have discussed it here, keeping in mind the points discussed above and choosing a signal service that guarantees you pips by selling you prepaid pips can go a long way in increasing your trading profit.

Website design By BotEap.com

Add a Comment

Your email address will not be published. Required fields are marked *