Personally, I will say do not pay for Forex signals. Think about it - if a Forex signals provider sells Forex signals for living, you can doubt their Forex trading skills? Or else if they are pretty good in Forex trading and making lot's of profit, I am wondering why do they still bother to sell Forex signals for money. Thus, what would be the value of such Forex signals providers? The answer is ZERO.
There are Forex traders who have been relying on Forex signals arguing those Forex signals providers really help them making money in Forex trading. These Forex traders can even show their Forex trading logs as evidence. After some though, I came out with the assumption that assuming I am the owner of a Forex signals provider, in order for my business to be in black, obviously I need some satisfying customers. If I have 100 new customers this month, I send out buy signal for the 50 of my new customers while the another half with sell signal. At the end, I will able to have "some satisfying customers". Finally, free advertising and testimonial will be made available.
If you are really new into Forex trading, it's better for you to sign up a demo Forex trading account from any forex brokers.
Oanda
Oanda is one of the most arguable Forex broker. Oanda has been extensively discussed in major Forex forums for it's trustworthy, reliability and so on. Since getting to know Oanda since 2002, Oanda has been working great. Its demo account never expired and is very similar to the real account. Furthermore, Forex trading through Oanda isn't limited by lot size, Forex traders can trade any amount as they like, this is especially useful for those who are new to Forex trading. The Oanda's Forex trading system can be considered as the best back in 2002 and have not seen much improvement since then. New features that have been suggested yet to be seen being implemented. The wap version of the Forex trading system is still in beta since 2002. It is strongly suggested to read their own forums to understand more about them.
Forex Capital Markets
one of the prominent non-bank Forex broker with office in New York, London, Tokyo and Hong Kong. For Forex trading, Forex traders will need to download and install the software. The Forex trading system is normal and nothing to shout about, but it does serve all Forex trading needs. Personally, I don't really like the system layout and it take me quite some times to get use to it. Although I have heard some criticism that those "winning accounts" are put under "broker intervention", FXCM has been working hard on serving their customer with toll free for several countries and live online customer support. The Online Deposits feature allows Forex trader to deposit funds online using credit & debit card from any locations.
GCI Trading Ltd
GCI Financial Ltd operates from Belize, a small country located in Central America. GCI is using the Internet Currency Trading System (ICTS) which is another normal trading software written in Java for trading operations. GCI allows traders in trading Forex as well as Dow Jones, Gold and S&P 500. Please take note that GCI does not accept clients from the United States. This is due to trading other commodity, the broker must be registered with the NFA, and GCI is not registered. By the way, you might interested to read CFTC cracks down on Foreign Currency Scams nationwide if the then Global Capital Investment LLC (GCI) of New York is now the GCI Financial Ltd. Besides that, a check of GCI Domain Whois shows that the domain is created on 2002-04-30
Capital Market Services
Started since 1999, Capital Market Services LLC (CMS) is a Forex broker based in New York. They using the self developed Visual Trading platform providing online Forex trading. What's make this Forex trading system unique is Forex traders able to execute orders by clicking on the chart. It's also a multi-lingual platform written in Java. Overall, CMS is rather reliable and seems no criticism have been heard about them yet.
Gain Capital
GAIN Capital is one of the most reputable Forex broker founded in 1999. First, their professional look website giving out good impression and providing all information for potential Forex traders about the company. Read the GAIN Management Team page, you will be impressed on most of the team members have more than 10 years experience in Forex. GAIN's forex trading system is one of the best currently available. All kind of Forex trading needs have been squeezed into the system. Has really nothing bad to say about them at the moment.
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