Many people want to make money with forex trading but don’t have the time to learn forex trading. Learning forex trading requires patience, time and effort. This is where most people give up. In this article, we will discuss a very simple strategy that can take the pain out of learning forex trading and help you make something like $10K-20K per month.
This is a simple strategy that involves using a good forex signals service with a trade copier software. Last year, a revolutionary development took place in the forex trading market. Many pro traders started selling their forex signals along with a trade copier software. This trade copier software lets you instantly copy a forex signal send by a pro trader onto your trading account even if you are not near your computer making forex trading very easy for you.
The pro trader does all the analyzes of the market. He or she decides what currency pair to trade and when to enter and when to exit the market. When he or she makes a trade, you will receive a signal from him or her with the entry, exit and stop loss. Now, one method is to manually enter their signal into your account. The other more easy solution is to use a trade copier software. This software will automatically link your MT4 account with the pro trader account and when a trade is opened, it will instantly open that trade onto your account and when the trade is closed, it will close the trade.
5 Best Forex Signals Services
So, with a trade copier software, you don’t need to monitor your mail all the time or be near your computer to manually enter the trade onto your account. Now, this is what you need to do. Make a list of 5 best forex signals services that offer the trade copier software along with their signals. Check that these 5 forex signal services have 60 days money back guarantee. This way, you can test the service for two months and if it doesn’t work get a refund.
Testing The Forex Signals Service
Subscribe to the best forex signals service in your opinion. Test these signals on your demo account for one month using the trade copier software. After one month, evaluate the performance of the signals service like how many winning trades were made during the month and how much return you made on your virtual deposit of $2K. Suppose, you are not satisfied. Go for the refund and choose the second best forex signal service in your list. After testing one or two more signal services, you will be able to find a forex signals service that really works. How much money you lost? You lost $0. So, this method is infact RISK FREE.
Suppose, you find a forex signals service that works during one month of testing. Now, test it on your demo account for another month to make sure that it gives consistent performance. After two months of testing, you are all set for using that forex signals service on your live account. Make a deposit of $2K and start trading live with only one standard lot. Most pro traders make on average around 1000 pips per month. 1000 pips per month on a standard lot means $10K per month.
Repeat this process for the second forex signals service and you will be adding another $10K to your income. Using two forex signals services will hedge your risk. This way instead of depending on one pro trader using two pro traders will ensure that your risk is reduced to half.
This is a simple strategy that involves using a good forex signals service with a trade copier software. Last year, a revolutionary development took place in the forex trading market. Many pro traders started selling their forex signals along with a trade copier software. This trade copier software lets you instantly copy a forex signal send by a pro trader onto your trading account even if you are not near your computer making forex trading very easy for you.
The pro trader does all the analyzes of the market. He or she decides what currency pair to trade and when to enter and when to exit the market. When he or she makes a trade, you will receive a signal from him or her with the entry, exit and stop loss. Now, one method is to manually enter their signal into your account. The other more easy solution is to use a trade copier software. This software will automatically link your MT4 account with the pro trader account and when a trade is opened, it will instantly open that trade onto your account and when the trade is closed, it will close the trade.
5 Best Forex Signals Services
So, with a trade copier software, you don’t need to monitor your mail all the time or be near your computer to manually enter the trade onto your account. Now, this is what you need to do. Make a list of 5 best forex signals services that offer the trade copier software along with their signals. Check that these 5 forex signal services have 60 days money back guarantee. This way, you can test the service for two months and if it doesn’t work get a refund.
Testing The Forex Signals Service
Subscribe to the best forex signals service in your opinion. Test these signals on your demo account for one month using the trade copier software. After one month, evaluate the performance of the signals service like how many winning trades were made during the month and how much return you made on your virtual deposit of $2K. Suppose, you are not satisfied. Go for the refund and choose the second best forex signal service in your list. After testing one or two more signal services, you will be able to find a forex signals service that really works. How much money you lost? You lost $0. So, this method is infact RISK FREE.
Suppose, you find a forex signals service that works during one month of testing. Now, test it on your demo account for another month to make sure that it gives consistent performance. After two months of testing, you are all set for using that forex signals service on your live account. Make a deposit of $2K and start trading live with only one standard lot. Most pro traders make on average around 1000 pips per month. 1000 pips per month on a standard lot means $10K per month.
Repeat this process for the second forex signals service and you will be adding another $10K to your income. Using two forex signals services will hedge your risk. This way instead of depending on one pro trader using two pro traders will ensure that your risk is reduced to half.
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