Good Forex Sites for Currency Signals

Forex is the short form for foreign exchange. The foreign exchange or currency market exists wherever one currency is traded for another. It is by far and large the largest financial market in the world. Forex includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion, according to some sources.

Retail traders or individuals are a small fraction of this market and may only participate indirectly through brokers or banks. Individuals who participate in forex is required to put in deposits of up to $10,000 to open a standard forex trading account. The high capital requirement is certainly one of the many factors that puts off average laymen from attempting to create an income source from forex. There are, however, few forex traders who have become highly successful and earn literally millions in income from trading forex.

Retail traders generally have little or no experience in dealing with forex. Many lose money after their first venture and some even quite forex totally. A whopping 90% lose money 3 months after they open their accounts. This appalling fact might be due to the fact that forex poses a steep learning curve that requires time and experience to overcome. Albeit offering a lucrative income opportunity, forex is not recommended to beginners without any knowledge of how forex works.

This is where currency signals provider come in. The steep learning curve provides a niche for companies to set up signal systems that can tell forex traders exactly when to execute a trade and when to exit one in order to maximize profit. These companies basically provide a subscription-based service to provide traders a way to generate income through forex with little or no knowledge. While there are some free forex signal alert websites in the Internet, fee-based companies generally offer a more comprehensive service for traders, such as real-time signal alerts that can be sent to customers through e-mail of SMS, solely upon the customers’ preference. Forex signal alerts companies offer a quick but not guaranteed way to significantly improve ones’ chances of earning an income through forex via quick alerts to customers about currency movements and recommendations to execute a trade.

There are many currency signal providers, either free or fee-based. These services are offered via the Internet. One such provider Signals-forex (, which provides a subscription-based software to deliver real-time forex signal alerts to customers’ e-mail or handphone. They are managed by a team of highly successful forex traders, so customers could have peace of mind and trade in confidence when they follow the signal alerts. Another reputable forex signal alert company is Winning-Solution (, which also offers forex signal alerts, besides complementing customers’ forex learning and trading methods with many useful softwares to analyse precise entry and exit points. Actionforex (, on the other hand, is a site which is packed with tools and free educational resources for beginners. It also offers many forex trading system and forecast signal software for a price.

For the scrooges out there, there are free forex signal websites that are absolutely free to use. This site offers exact entry and exit points for many currency pairs. Being a free site, it does not offer quick alerts via SMS for users, but it is handy for retail and small traders who are new to forex and cannot afford the high-end trading systems.

In a nutshell, forex could be a viable way to earn a lucrative income, all from the comfort of your home. However, as is the way with all business ventures, forex could be a double-edged sword that can literally slash through your pocket if you do not know what you are doing. Forex can be mastered by professionals only. One could try it at his own risk, but with caution and lots of self-education, it is definitely the way to go to add a nice side income. By subscribing to forex signal providers at quite a hefty price, forex could prove to be a good venture.