Automated Forex Signals

People have been subscribing to forex signals for years now, but one of the trends that we have seen emerge in recent years is that more and more people are starting to use automated forex signals as well. So what exactly are automated forex signals and how do they differ from the conventional signals?

Well ordinarily you subscribe to a signal provider and in return they send you their trading signals. It is then up to you to trade these signals as soon as possible with your own broker so that you trade your positions at roughly the same price.

However with automated trading signals you don't have to place any trades at all. The signals that are generated are automatically placed in your account whenever the provider opens or closes a trade themselves. This means that you can continue working full time and getting on with other things, whilst still making money from forex trading.

As always happens when a new trend emerges, you get lots of websites being created that are all designed to grab a slice of the pie. However there is one site that is head and shoulders above the rest in my opinion - Zulutrade.

As you can see by reading this ZuluTrade review, this website hosts thousands of different signal providers and you can subscribe to as many of them as you like completely free of charge. All of the signals generated by these traders are then replicated in your own brokerage account.

You have to be cautious because some of these providers take big risks and even the consistently profitable ones can occasionally experience big losses. Nevertheless if you take some time to look at the statistics of each one and analyze their trades in order to pick out the most profitable ones that have minimal draw-downs, you should be able to make some decent profits.

So to sum up, I would say that you should definitely consider giving automated forex signals a try, particularly if you haven't yet been able to make money from forex trading yourself. There is potentially a lot of money to be made from currency trading, and there's nothing wrong with having someone else generate the trades if that's the road you want to go down.