Other websites of this company include live-forex-signals.com, signale-forex.com, take-profit.com, foresignals.com, sinais-forex.com, signaux-de-forex.com, and senales-forex.com.
foresignals.com - Not For Newbies
I have watched and checked various trades offered by foresignals.com for the past 3 years. I agree with the consensus that the results are somewhat contrived to suite the signal provider. However..... foresignals.com seem to appeal mostly to newbies and this where the reviews become typical in their content. Subscribers expect the results to be bang on the mark from entry to exit which I think is rather naive at best. This particular signal provider does not confirm the point of their trade exit but merely provides a trading window of 4 hours when the trade must be automatically ceased, consequently their results are ambiguous (to be kind) and can be subject to some manipulation. There is a small caveat in their small print which recommends the use of a trailing stop loss which is probably where they can justify when their results don't match the published exit point.
What all signal users must keep in mind that the signal itself is a component of the overall trade; money management, risk management, your own technical and fundamental analysis and above all common sense must prevail when entering a trade. I would suggest the entry points for the signals can be useful but when in use must be applied to a trade plan. It's no good just diving in and waiting for the trade to manifest itself into profit because it won't. This signal provider does not manage the trade for you. This signal provider does not attach a stop loss and take profit that fits all subscribers trading styles.
The data is available to get some basic stats. Take each currency pair and work out from the history provided what the average pip win/loss value and ratios. If the average pip win for a particular pair is 18 pips make your target 15 and apply a risk to reward ratio of say 3/2 so your SL is: -10 and TP is: +15.
Screen shot and save the free signals results over a week or a month and back test them by applying your trading plan rules to the data but remember these are signals not an EA and the trades really should be managed from start to finish.
£30 for a month of foresignals.com is value for money if you are able to apply the information to your knowledge and experience to make the best of the opportunities, however. there are times when signals are not appropriate (during NFP and alike) when trading should be restricted to a particular style with specific risk/reward and risk management skills applied.
Finally all too often people look for the holy grail of schemes/systems/EA's/Training Gurus etc, but the reality of trading is simple nothing will take the place of the education, screen time and dedication to trading as a profession in order to succeed. It is a 'get comfortable' slow business (sometimes rich but still slowly).
I have to admit to being very disappointed with this service.
They do seem to manipulate the figures to ensure that they are represented in the best possible light. I paid for one months of signals to test and I abandoned it after three weeks.
I didn't lose huge amounts but often they report a position as filled when it isn't, they always take the best position over a 5-10 minute period of time when closing out after the 4 hours.
lets put it this way their results different quite a bit form those I recorded.
the other really frustrating thing is when they released a signal via email only to see that the price had already moved very quickly away from this starting price meaning you never had a chance to open the trade.
They won't ever get any further business from myself.
I sent a mail asking to use the signal automatically with an ea but no reply
I tried their signals for 1 week and find the signals are not strong what they say.
I noticed this site when I first started trading. I began to check their trades and also noticed they weren't as successful as they say they are. However what I have noticed is that you can use these guys as a scalp assist. I sometimes use this method if I have had a really busy day and haven't had much time to check the markets. What I do is check the trades they say and then quickly take a 30 seconds look at my chart to see if they are worth the trades. Most times you can get 10-12 pips from their trades which can add up to quite a bit in a day.
Still giving a 3 star as they are not giving accurate info
Remember if you are going to do this, please check your chart to make sure it won't go in the opposite direction as you shouldn't be putting on every trade you see on the site. CHECK YOUR CHARTS and happy trading guys
Sincerely, I do know what you guy are talking about...I have been using this free signals for a while and I have made good profits. The only disadvantage is that you have sit in front of your computer all day. I dont wait for it to hit TP before closing trades. I think it is good.
I followed some of their trades minute-by-minute. I watched them claim profits from exit points that were impossible in their buy/sell time frame. Way more of a discrepancy than could be dismissed for quote variations. Also, they report exits 20-25 minutes after making them so they can cherry-pick those highs/lows. If that doesn't work out for them, they just create any exit price they need. They always mix in some truthful losses, bot they are overall liars.
This signals site is SCAM. They update fake result. Market did not touch their take profit, but they count as their profit. That's why they got 5000-6000 pips monthly. So don't impress with their results. Stay away from this SCAM site
The number of pips they make/loose are fake. They always add some more pips of their winning trades, and the opposite for the trades they loose.
Professional SCAMMER!!!!! Open any graphs on your platform and check their price on performances, they're away 10-20pips of real price. For example the Statements show: -10pip reality is -28 without counting spread. If they show +15 you are lucky if you get +1