Welcome Trading Legends.
Today we shall be trading the GBP/USD forex trading asset. For this, we will use the IQ options broker and the signals provided by the ToolsTrades Website. Be sure to stick to the end of the video as I’ll be giving you a special promo code for more signals.
But this video is different. Our trading videos have each time gone over the reasons why we traded a specific asset and what the plan was. Well, for this video I decided to test the ToolsTrades signals by just relying on them, without doing past research and work.
This is indeed a risky move for a seasoned trader like me, but I like experimenting with new ideas.
Here is the result of the signal and what it brought us:
I started trading with the ToolsTrades signal as an experiment to see if the signals we’re good and I may say that they didn’t disappoint me. Let’s speak some more about trading signals and the service.
With ToolsTrades you receive a wide pallet of benefits ranging from performance trackers, SMS, email, and online alerts, to customer support via email or phone, and advanced analysis in some of the more sophisticated offers. This is a big plus for the firm where they show their level of proficiency and professionalism.
When it comes to Forex signals they can be classified into three groups:
News Trading Signals: This is the fundamental approach to forex signals, and the purpose is getting at the news release as early as possible, and exploiting it to maximum profit in a short period of time after the release.
Technical Signals: Technical trading signals are just trading tips on the basis of technical analysis. You trust the background and track record of the company or person issuing the signals, so you choose to trade on that basis instead of entering your own orders.
General Trading signals: this kind of service provides general trading tips for traders. Their alerts often employ a multi-pronged approach combining both fundamental and technical analysis.
ToolsTrades offers you all three types of signals which ensure that you are provided with the top amount of useful information to accompany your trading. They even offer you some free signals that you can try out.
Whether you will use forex signals or not will mostly depend on your character and your plan in trading. If you’re a highly active individual with little time to spend on analysis and study of the market, forex signals constitute an alternative to manual trading.
All in all, ToolsTrades is a decent Forex Signal provider that should be looked into. I’ve been using their signals and testing them for a few months and I can say that I won and lost trades, but the result of it all is that I’m quite satisfied. Be sure to check out this video where I use their service.
Be sure to check out the video and subscribe. Also click the bell icon so you do not miss a video:
Comments