ForexSignals.com is a reputable forex company that offers education and a plethora of tools to traders. Their incredibly useful trading room and training courses will ensure you get a trading experience like no other. In this article we break down everything you’ll need to know about the company, pros, cons and my experience.
What Is ForexSignals.Com?
ForexSignals.com was created by Nick McDonald in 2012. He’s an experienced forex trader and a mentor in currency trading. Nick started a trading room where he’d interact with others. Later, Will Thomas joined to build the best forex trading platform. Today, ForexSignals.com has over 500,000 members and a team of mentors. This makes the company the largest on our Best Forex Courses List – by a long way!
The company has students around 20 countries and is determined to make the world a better place. And with the amazing community, the team is ready to put the best foot forward to build something everyone loves.
The trading mentors have over 55 years of experience managing financial markets. So, if you’re a novice trader, you have a team to answer all your questions.
ForexSignals Education Options
The company uses simple language to help you understand the basics and everything about finances. For instance, the education videos are structured in modules. And if you have any questions, you can ask the mentors through a live chat. The teaching is a lot more structured and in-depth than most other forex education companies, where the lectures aren’t always necessarily in the best order.
Furthermore, the all-encompassing community and expert professional traders will answer all questions you may have. You can also take short quizzes and watch your knowledge grow. So far, there are over 350 learning videos, and new ones are added every week. Whether you’re a beginner or an intermediate trader, this is without a doubt your one-stop shop.
Once you sign up, you’re prompted to a monthly or annual package. The annual package offers more features, and you get benefits like a one-on-one session.
Apart from the basics, you’ll learn how to use support and resistance, and backtesting. Beginners can also understand Forex trading psychology which is by far one of the most important aspects of becoming a profitable forex trader.
Which Markets Do ForexSignals.com Teach?
The experienced trading mentors (Andrew, Mark, Paul, and Max) provide market commentaries, guidance, and education. And their focus is on forex, crypto, futures, commodities, options, stocks, and more.
ForexSignal Course Breakdown & Analysis
There are two main courses for those new to trading. One is delivered by Mark Bennell and the other by Andrew Lockwood. Generally, the course is broken down into 12 modules with easy-to-follow segments.
Forex Trading Psychology
This course explains how the market messes with the trader’s mind by triggering some feelings and emotions. While some should be embraced, those that trigger anger or greed should be contained. Some of the key things highlighted here include knowing your fundamentals, risk management, and being able to identify the trend.
What Is In The ForexSignals Curriculum?
Traders can enroll in the curriculum based on their preferences. This is where Andrew Lockwood teaches the fundamentals. The session involves assessing the economic well-being of a specific currency.
A forex trader will learn how high-impact news, Non-farm payrolls, and central bank rates affect the demand and supply of a currency pair. Furthermore, you’ll learn how to choose the best forex pairs and use the most reliable indicators.
Another topic discussed in the module is Naked Swing Trading. This is where you learn how to trade without using any indicator – price action only. It’s a rewarding strategy for those who understand how to read candlestick patterns. When you look at the charts, you’ll learn how the shape of the candles affects the overall trend. With the Naked Tool EA, you’ll understand the opportunities in the market in real-time.
You can also take advantage of support and resistance and be notified in real-time. Once you get used to the strategy, you’ll identify opportunities on the charts in real-time. This makes it much easier to learn from, compared to the teachings of some of the other top forex education companies, where you won’t necessarily be notified of every trade the mentors are taking.
Andrew Lockwood will also teach you how to use propulsion scalping. It depicts a strong strategy and shows the one with no bias. This strategy is fast-paced and mind-rattling. Module A covers the workshops and Q&As.
The other modules include setting the stage, treating forex as a business, analysis techniques, and trader’s technical toolbox. The first three modules set the foundation of a forex trader, while the others teach how to conduct a successful technical analysis.
While the basics are crucial, the foundation of success is the willingness to learn. But for long-term profitable trading, it’s all about discipline. This is pertinent information for traders of different levels of experience.
What You Will Learn In The Training
ForexSignals.com provides basic knowledge that aligns with your trading strategy. You’ll learn how to read the charts and analyze technical information. Moreover, a trader will know how to recognize market movements and enter trades at the right time.
The other key objective is money management. With a myriad of money management techniques, you’ll learn how to risk a proportion of finances to avoid the dreaded margin call that most new traders will face at some point in their trading careers.
New traders tend to get emotional after losing a small portion of the account. What follows next is entering a large trade size and this can have a catastrophic effect on the trading capital.
Most forex education companies just teach the basics that can be learned on YouTube, Babypips and ForexPeaceArmy. However, this company is setting the bar high with a more in-depth education, hence why it is dominating the industry.
What Additional Features Does ForexSignals Offer?
The most crucial feature that can boost your career in forex trading is the live trading room. It’s a great tool for beginners who have a problem executing trades by simply looking at the charts. So, traders can ask questions and get opinions from experienced traders. With time, you gain confidence in placing your trades.
The platform provides access to live trading with no delays, not to mention you can follow every trade. With the basic membership fee, traders can follow live streaming to ensure they don’t miss any opportunities. Whether you register as a monthly or annual member, you can use a wide range of tools. I’ve seen traders using the signals provided and trading them on an FTMO account to have larger capital in their accounts. If you’re interested in getting funding for your forex journey, checkout our Best Prop Firms List.
Some of the trading tools at your disposal include the profit simulator, Naked Trading EA, Risk Manager EA, and momentum simulator. This information is of great value and is particularly helpful to newbies.
If you’re looking for detailed or personal feedback, you should subscribe to the annual membership package. The goal of the trading room is to arm yourself with market analysis, tools, and the motivation to help you become a competent trader.
Ask any successful forex trader, and they will tell you discipline, focus, and hard work are inevitable. Besides, you need the right strategy and mindset to excel in this field.
The trading room has thousands of members and mentors, who are ready to share ideas without bias. ForexSignals has helped over 83,000 members and has no plan of slowing down. You’ll also find proprietary tools that are useful to members irrespective of the experience level.
How Much Does ForexSignals.Com Cost?
ForexSignals.com offers 3 different pricing packages. The company ensures you start your package with a 7-day free trial. And depending on your needs, you can choose three pricing options:
This is one-month room access – $97 per month. Some of the features include trade sentiment analysis, a pro trading video academy, and a real-time global news stream.
This is a 6 months room access – $297 ($49.5 per month). In addition to the features on the Apprentice level, you get brokerage access and direct interaction with a mentor.
This is a 12 months access at $564 ($47 per month). In addition to the features in Apprentice and professional levels, you get and trend surfing EA strategy. At this level, the mentors will teach everything from risk management, entry and exit, backtesting, journaling, and psychology. For the mentors, there’s no difficult question to answer.
The most exciting feature about these pricing options is that they allow you to cancel the membership whenever you want. Besides, you can stream up to 25 times a week – four video streams per day. If you can’t catch up with the live stream, you watch it at your own time.
To get started, you should register with a username and password and choose a plan that suits you best. At the basic level, you can access educational resources, live streams and participate in discussions.
These prices are very competitive compared to some of the other education companies in the industry. For content, Trading Masterclass is going to set you back up to $5000 and G7FX comes in at a few thousand dollars too – so the prices being offered here are very respectable.
What Kind Of Support Is Offered To Students?
ForexSignals.com offers a live chat service 24/7. There’s a button at the right-hand corner to start the chat. The competent customer service team will be ready to address your questions seamlessly. You can also send an email or access the FAQ section for quick answers. Some of the information you can get include the membership, community, trading room, and troubleshooting.
Is This Service A Good Fit For All Traders?
The education offered is a good fit for the majority of budding forex traders looking to get into the markets. The mentors will arm you with the knowledge to help you get started with your trading career. You’ll learn about the different trading strategies that suit your plan. Best of all, you can use proprietary forex tools to take your career to the next level. This tool not only gives confidence when executing your trades but is also a great investment for your future.
If you can get consistently profitable in the markets by utilising the education available, you could then move onto trading Prop Firm capital and be trading a large size account! If you’re curious about how this works, check out out Top Prop Firms List.
ForexSignals Reviews – What Are Traders Saying?
One of the best ways to conduct due diligence on a large company like this is to look at the reviews of other traders around the world. Luckily, TrustPilot is a great resource to do this and has really saved me a huge amount of trial and error over the years.
ForexSignals.com has an Excellent rating on Trustpilot, with over 1600 reviews! This is great to see and really solidifies our faith in the company. It’s very unlikely that all 1600 people are going to be wrong, right? Compared to the other top forex education companies like Trading Masterclass or Transparent Fx, this is a much higher volume of reviews.
I would certainly recommend sifting through the reviews if you’re curious but from my research, I’m yet to find too many traders that aren’t completely loving the service offered by the company.
In Summary – Is ForexSignals.com A Scam?
ForexSignals.com is a platform suitable for traders looking to learn different strategies to excel in the financial markets. If you’re new to currency trading, you can learn the basics. But again, you must work your way up to the most advanced levels. The company is completely reputable and has one of the best reputations on our Top Forex Courses List.
From the above company review, this platform works well for traders who want to be part of a community with the help of experienced mentors. It’s not about learning the signals but also helping you feel confident to succeed. Of course, you can watch live video streams no matter where you are.
· The pricing is easy to understand
· You get a 7-day trial period
· The platforms suit novice and intermediate traders – you can watch the videos at your own time.
· The knowledgeable mentors are always ready to answer your questions.
· The mentors insist that you join their partner brokers
· Not the best for advanced traders
If you have any experience trading with ForexSignals and learning from the team, I’d love to hear about your thoughts in the comments down below…
Time and exposure to the markets are always going to be the best teachers, you cannot learn a skill like forex trading consistently within a few weeks but knowing when to get a helping hand from a community of like minded traders can really reduce your time spent in trial and error!