Welcome to Free Forex Signals.  This is my website dedicated to finding the best free forex signals on the internet today.  Today there are lots of websites which are related to forex trading.  It is my intention with this blog to research all of the best signal providers, and to give my readers the best possible information so that they can maximise the chances that they will become successful forex traders!

For a lot of students of currency trading, when they first start out in the world of forex, they are not confident enough to make trades on their own, so they prefer to have some assistance in this respect.  Also, many do not have the funds to start a large trading account, nor to pay for the sometimes expensive monthly fees that some companies charge their clients. So for this group of people, free forex signals are an excellent way to get started in forex trading.

Unfortunately, however, there are many unscrupulous people who will set up a cheap website, and claim to be experts in their field.  The truth, however, is very different – many of these so called ‘experts’ will know nothing about forex trading, and their free forex signals are nothing more than pure guesses as to where the market direction might go in the future.

So this site aims to identify these scammers, and to select the best free forex signals around!

We would welcome to be contacted by any website who offers free forex signals, and would be happy to review their service – we will monitor your signals, and then give a fair and honest review – just drop us a line at review@bestfreeforexsignals.com, and we’ll get back to you.

Offshore Bonds – Can They be Trusted?

A lot of people have written to me recently, saying that they have been thinking of investing in an offshore bond service, traded on a live account, and then lost money.  In some respects, I have little sympathy with these guys.  After all, what do they expect for nothing?  Just because you enter your email address and name in a contact form on a website, what right does this give you to make profitable forex trades based on information received in emails from an anonymous source, hiding behind a website?

One of the things I tell these people, is that if you want to test out their signals, great, but do so on a demo account, not on a live account.  If you blindly follow the advice of  website, even for free forex signals, on a live account, then you asking for trouble.  You should always demo a strategy on a demo account for at least 3 months before going live, especially with free forex signals.

Secondly, don’t be afraid to contact the webmaster of the website in question, and ask about how they go about taking their trades.  Are they trading based on technical analysis, or just a hunch about where  they think the market is going.  It is all very well handing out free forex signals, but anyone can toss a coin, and decide on that basis if the EUR/USD is going to go up, or maybe down, on any particular day.  It is also imperative that you get expert expat financial advice prior to investing in an offshore portfolio bond. Ask to see their own trading account details – of course, they can black out the account details – but if these are true traders, they will have their own account, and will not be afraid to show you their accounts – indeed, most would be too happy to show you, if they had made huge profits on their account!!

So, to recap, DO NOT under any circumstances trade on a live account with an offshore bond without first testing them on a demo account for 3 months, as this is usually the length of time it takes for a good forex strategy to show its worth.

The next key point to consider, is that the currency trader will get the chance to analyse the reason behind taking the free trading signals.  Frequently the provider who is offering the free forex signals has a blog, or gives updates by email, which explains the rationale of the signal, and enables the forex trader to better explain the complex operation of the foreign exchange market.

Today, there are literally hundreds of signal providers on the internet, all keen to get our business. There are a wide variety of service providers on the market today, and it is necessary to be aware of the different services that they offer.  The most common type issues signals by email.  Therefore it is necessary to have constant access to a computer, or mobile email device, so that you can receive these emails as soon as they are sent by the forex signal provider.

The next type to consider are those sent by text.  These types of forex signals are often better, as you can then receive them if you are on the go, and away from your computer. However, this is less important today, when most people have smart phones, of PDAs, which are capable of reading emails.  The vital element to remember is to be able to make the trade as soon as you get the information – ie, you need instant access to your trading account.

Trading forex signals also give discipline in a forex trader.  Frequently, the reason that traders fail to succeed in their goal is that they trade too much, especially if they are newbie traders, and not very experienced.  However with trading forex signals, there is no such chance to over trade your account. It is without doubt possible to learn to master the psychological aspects of trading, by being strict in your trading practices.

Most expat financial advice provides a certain element of a investment report.  Very often the signal will have multiple exits, which enable a trader to take money off the table in small steps.  So this enables the forex trader to input all of these prices into his broker account when he gets the signals, and then to literally walk away from the computer – knowing that the trade will now work automatically for him.

As with any product or service you purchase over the internet, it is essential that the currency trader first does his research into  the most effective trading forex signal  service for him or her.  This involves a lot of careful research, and reading as many reviews as he can. To finish, in conclusion, the trader is strongly advised to first test out the trading forex signals on a demo account first, so that the forex trader can totally test out the profitability of the signals.  This has an added benefit for a complete new, as it will enable the trader to become familiar with the trading platform, and reduce the possibility of making any mistakes.