Signal service

HOLY GRAIL CONTINUES!

As you know I have almost made a career out of looking for services offering entry points in Forex. I have just completed a trial with www.tapsep.com and will continue on a subscription basis. IMHO well worth a look at their site and looking at their performance records. I found the calls during my trial period (10 days) accurately recorded, their customer services spot-on and generally pleased with the set-up.

I would add that as with all these type of services they are another tool in our trading box. You need to employ your own expertise and experience to manage the entries to ensure you gain the maximum profit. Note also that the performance noted on their site is the maximum possible per trade and in reality would be very difficult to achieve. They do state this but it is worth noting again. All that said I personally would give them a thumbs up!
If you do want further details I would suggest that Colleen is a good contact and is up to speed with the market and how the system works - you can even chat live which is useful. Her mail ady is [email protected]

Hi WelshMal

How many calls do these guys make each day? Is there one call on each currency? Or more than that?

Waytogo

Very interesting indeed, Mal ... thanks for posting this here.

I see that over at the fx-review.com site they also have nothing adverse at all to say about this service (although they have difficulty measuring whether or not it's profitable, which is fair enough, considering that the service seems really to be selling more or less "entry points only").

It's good (and unusual) to see a signal service with telephone numbers, I must say.

My main reservation about trying them out is that I have some difficulty understanding why a signal service at this price (and I must say it seems to be just about the most expensive one I've ever seen) should be offering only a 10-day free trial. One would have thought that they would need only a modicum of confidence in their service to let you have 2 months free.

If the results of a 2-month trial were anything like what's represented on their website, they'd be signing up 90% of triallists anyway, surely? So why on earth do they let you have only 10 days?

I'd really be interested to know what you think about this, if you feel like replying to a slightly cynical but interested bystander.

Waytogo - They offer the 4 pairs euro Cable Swissy and CAD. On average the signals are 2 0r 3 a day. You get reasonable warning of a pending trade via their system.

Roberto - I cannot comment why they only offer the 10 day trial but you are right I certainly paid for the service after the trial. I would be happier with a service that costs far less but if it brings the money in then I guess there is a cost!

Guys, I'm not in a position to give you more than my experience of the service but happy to inform you of my find. Good luck!

WelshMal, will check out your taps ep find. Roberto, I enjoyed reading fx-review.com, thanks for sharing.

Tapsep

i di the trial which is not free.....it costs $99........i decided against subscribing as they couldnt justify to me the setup fee of $995.........since you have full access during the trial period what work can there be involved for them to charge $995?......

995$ is too much as a setup fee.....espcecially if you can't verify their profitability before you join.

welshma
quotem I know I have almost made a career out of looking for services offering entry points in Forex.
I too have been looking for services for entry points in forex have you tried www.fxguide.net/ at all it seems quite reasonable at $40 / Month + 15day trial which I will be taking up from Monday from there previous results seem interesting there is also www.stormyforex.com/ who charges $100 / month have you tried these if so any good

fx-review is a very good site. They rate signals providers according to 3 parameters: Profitable,Easy To Follow,Honest Result
There are many sites in fx-review but only the following services are positive regarding the previous 3 parameters.

www.forex-mhv.com

www.fxmaster.net

www.forextradeoracle.com

Epiphany Trade Service .. website under construction! but here's what's wriiten in fx-review :is a private UK asset management company with few rich clients, sends full details of their own trades promptly in email format. Monthly profit between 500 and 1000 pips. They don't advertise or promote themselves, rarely seeks out new clients, very reliable service, mostly trades during European/US sessions. Positional-type trades. Average of 1 new trade opened per day. Trades stay open usually between 1 day and 1 week. Good clear advice about stops, limits, etc

I'm using fxmaster.net signals since last summer and i'm satisfied with them They are profitable especially on the long run.

I'm thinking to give a test to forextradeoracle.com. But i will keep watching them for a while since they are relatively new.

Regarding tapsep.com . Fx-review couldn't prove their profitability. Setup fee (995$) plus monthly fees (295$)mean that i will pay 4553$ in one year! This's about 10% of my trading balance! In my opinion,this's too much...that's why i will stay away.

FXMaster and ForexTradeOracle

I subscribe to both FXMASTER and Forextradeoracle.

I paper trade each one for a month and then switch to live trading.

FTO offers a good service IMO. The best thing is that it is very easy to use. You simply input the trades in the morning (5am UK time, although I normally do it at 7:00) and then close the trades at 7pm. There are no stops but their advice is to use very low leverage (eg 3x-6x). Their results are honest. As there are no stops you have to be prepared for a big drawdown in future, and size your positions appropriately.

Sometimes the FTO signals have an entry point, sometimes they are market orders. You maybe need to be aware of the timings of the signals depending on your timezone. You dont want to get out of bed at 3am to trade!

FTO has signals most days but sometimes there is a pass. No reason for this is given, it may be technical or fundamental.


FXMASTER I am only paper trading at the moment, and if things go well I will start with live funds at the end of the month. So far so good. They send signals out with SMS to your mobile phone, you have to then input these into your trading platform. So far all orders have entry point, SL and TP levels. Support is good, particularly the forum which anyone can join.

FXM had a bad DD last month (800 pips or so), even though by the EOM it was in profit. Again you need to be prepared for this in position sizing. This big DD put off a lot of people I think and to counter this they have now introduced rolling 50 point stops. Only FXCM has this rolling stop feature automatically, so you will have to track this manually. They do not send you a SMS for this. Therefore its a bit more effort than FTO to keep updated.

FXMASTER strategy seems to be looking for reasonably big moves and therefore sometimes trades are open for a few days or more... So there will be no new signals in this period. It seems FXMASTER consider fundamental aspects as well as technical if their posts on the forums are anything to judge. Again they seem to have honest result with regard to their performance.

Overall I am happy with both services so far. I joined based purely on comments from trade2win, moneytec, and fx-review.


Any questions, please ask.

Rupee

You will lose money if you follow all of the trades they recommend. They fiddle the results too. Look elswhere on this site. Dealbook has a very good training course. Go there first.

Phil

Welshmal said:

HOLY GRAIL CONTINUES!

As you know I have almost made a career out of looking for services offering entry points in Forex. I have just completed a trial with www.tapsep.com and will continue on a subscription basis. IMHO well worth a look at their site and looking at their performance records. I found the calls during my trial period (10 days) accurately recorded, their customer services spot-on and generally pleased with the set-up.

I would add that as with all these type of services they are another tool in our trading box. You need to employ your own expertise and experience to manage the entries to ensure you gain the maximum profit. Note also that the performance noted on their site is the maximum possible per trade and in reality would be very difficult to achieve. They do state this but it is worth noting again. All that said I personally would give them a thumbs up!
If you do want further details I would suggest that Colleen is a good contact and is up to speed with the market and how the system works - you can even chat live which is useful. Her mail ady is [email protected]

Click to expand...

QUOTE=Rupee]I subscribe to both FXMASTER and Forextradeoracle.

I paper trade each one for a month and then switch to live trading.

FTO offers a good service IMO. The best thing is that it is very easy to use. You simply input the trades in the morning (5am UK time, although I normally do it at 7:00) and then close the trades at 7pm. There are no stops but their advice is to use very low leverage (eg 3x-6x). Their results are honest. As there are no stops you have to be prepared for a big drawdown in future, and size your positions appropriately.

Sometimes the FTO signals have an entry point, sometimes they are market orders. You maybe need to be aware of the timings of the signals depending on your timezone. You dont want to get out of bed at 3am to trade!

FTO has signals most days but sometimes there is a pass. No reason for this is given, it may be technical or fundamental.


FXMASTER I am only paper trading at the moment, and if things go well I will start with live funds at the end of the month. So far so good. They send signals out with SMS to your mobile phone, you have to then input these into your trading platform. So far all orders have entry point, SL and TP levels. Support is good, particularly the forum which anyone can join.

FXM had a bad DD last month (800 pips or so), even though by the EOM it was in profit. Again you need to be prepared for this in position sizing. This big DD put off a lot of people I think and to counter this they have now introduced rolling 50 point stops. Only FXCM has this rolling stop feature automatically, so you will have to track this manually. They do not send you a SMS for this. Therefore its a bit more effort than FTO to keep updated.

FXMASTER strategy seems to be looking for reasonably big moves and therefore sometimes trades are open for a few days or more... So there will be no new signals in this period. It seems FXMASTER consider fundamental aspects as well as technical if their posts on the forums are anything to judge. Again they seem to have honest result with regard to their performance.

Overall I am happy with both services so far. I joined based purely on comments from trade2win, moneytec, and fx-review.


Any questions, please ask.

Rupee[/QUOTE]


How did it end up??

www.citybeaters.co.uk and www.marketexcellence.co.uk offer forex signals, but for betonmarkets.com... i've been trying to find out if they're any good or not!

ScotchHarry said:

www.citybeaters.co.uk and www.marketexcellence.co.uk offer forex signals, but for betonmarkets.com... i've been trying to find out if they're any good or not!

Click to expand...

Are you still trying them? Do they work with BOM? I opened an account with BOM recently and i would like to try my luck with betting. Any advice?

Are there any good FREE signal providers for the forex market?