Can You Recommend a (Forex) Alert Service?

This is a discussion on Can You Recommend a (Forex) Alert Service? within the New to Trade2Win forums, part of the Reception category; I am using the system from trendprophecy - it's a little expensive but it gives me a nice profit....

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Old Aug 8, 2010, 3:11pm   #9
 
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Re: Can you recommend a forex alert service?

I am using the system from trendprophecy - it's a little expensive but it gives me a nice profit.
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Old Aug 10, 2010, 10:23pm   #10
 
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Re: Can you recommend a forex alert service?

If you are referring to Forex Price Alert service (and not Forex Trade Alert service), I would recommend a service called iTradeMobile Alert. You can search them up on your iPhone or your Android phone.

I am using it and I have no complaints. It sends alerts via push notification, which is super fast.
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Old Aug 13, 2010, 2:24pm   #11
 
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Re: Can you recommend a forex alert service?

Hi SP500 Trader
just took a look at trendprophecy website and saw the dreaded words "maximum profits" . This is a way of many many signalling services inflating their so called performance. How exactly do you get the exit signal and what is your performance which is the most impoortant.
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Old Aug 13, 2010, 8:34pm   #12
Joined Jan 2009
re: Can You Recommend a (Forex) Alert Service?

Excuse my ignorance, but what is a "signalling service".. is this a website that tells you when to trade? Does it also tell you how much to trade, and at what point you should exit?

Last edited by timsk; Oct 13, 2010 at 11:21am. Reason: Moved from another FAQ
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Old Aug 13, 2010, 9:27pm   #13
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re: Can You Recommend a (Forex) Alert Service?

Hi meanreversion

I am an expert on this subject so can give you some really indepth information on this.
You have a couple of different types of signalling services in their widest range
1. A trading room environment where you listen to what people are doing and follow them when they place trades
2. A text, email service where people get actual trades sent to them or trade set ups if they get to a certain level, some then send text, email when they want you to close them, but not many.
3. A website/visual service where you watch the website which is password protected and they call th signals on the screen and you follow, some but very few tell you also when to get out but not many
4. A web/interactive system where you get tardes through the website but also a quicker method like messenger where you get the trades written to you as they happen. A very few even do exit trades aswell but not many This is the best method.
5. Nobody has really done this yet but i have investigating and have a quote and specification from a software company to have special software that picks up the providers trades and duplicates them on your home computer so you switch on in the morning set the program up put in how much you want to trade per point for the day and you check it again in the evening to see how much you made. What a revolution.

Now as you can see the one thing that hardly any signal provider does is give you exit signals because that would hold them totally accountable and they dont like that. There are few who do but not many. Now lety me explain why. They use the term Maximum points achieved on the trade so their performance figures use these, but its easy to see after the event how far it went and when to get out with maximum points. Noone can do that unfortunately. But it gives these people the chance to show huge profits to lure people in. Take this new advertised signal service from Tom Strignano and Vladimir Ribakov ( hopefully spelt correctly). Tom sends out signals on the screen so you trade. He then gives you 5 or 6 target points. You dont get the close alert from him he says you should decide yourself on exits. Why would he say that if he is giving a signal service. If he is making as he says then why not give the exit signal. The answer is he can show inflated performance but from ewhat i have heard from a colleague of mine has subscribed and its not as seen, the trades nearly always make much less than he claims and often losses. A signal service that provides point 4 and gives you exits and still has a good performance is a gem.
I hope this has helped you and others understand a bit more

Last edited by timsk; Oct 13, 2010 at 11:20am. Reason: Moved from another FAQ
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Old Aug 14, 2010, 2:14pm   #14
 
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Re: Can you recommend a forex alert service?

Quote:
Originally Posted by rogersan View Post
Hi SP500 Trader
just took a look at trendprophecy website and saw the dreaded words "maximum profits" . This is a way of many many signalling services inflating their so called performance. How exactly do you get the exit signal and what is your performance which is the most impoortant.
Hi rogersan
I only trade 3 cross (eur, gbp and jpy against us$) but it's possible to trade up to 7 cross.
I understand what you are saying about 'dreaded words' but you have to read and understand their trading philosophy - because they clearly tells you that the maximum profit is to show the maximum potential for the position not necessary what you will get out of it.
You have to have decide yourself what your exit strategy should be, that is what I like about this system, they honestly tell me that it's not possible for anybody in advance to tell me when to exit a position, they have just found a way to figure out when a new trend starts, the rest is up to myself. I works for me, but maybe not for you, but after trying to look to find a system giving me both entry and exit point I have long ago come to the conclusion that it's an impossible dream - for that I need the famous crystal ball.
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Old Aug 16, 2010, 6:57pm   #15
 
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Re: Can you recommend a forex alert service?

Ok Thanks sp500. I have just realised that in my quest to learn more about what people are saying on the thread I didnt do what the thread asked and the reason i got involved in it in the first place.

Q. can you recommend a forex alert service
A. Yes i certainly can its the one i am having great success with now for about 5 weeks, the guy is great and everything he says is exactly as it is which as we all know is rare. I have made lots of pips and they just keep coming.

Now i feel better as i have answered the original question
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Old Sep 3, 2010, 11:52pm   #16
 
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Re: Can you recommend a forex alert service?

Quote:
Originally Posted by rogersan View Post
Hi
I am new on this forum so my first post on a discussion forum. I have a great signalling service that seems to be going from strength to strength. I came across it by accident when exploring signalling services. I have tried a few and got burnt but this one is great. It uses small stop losses and even though the gains are quite small it is normal to make 50 pips a day, which i have found after reading some threads on here is actually a lot.
I also tried rtc signals but got my money back. They seem decent people and give you a few trades a week by email which often win but you can have some big losses of up to 100 points. They have a trading room but you need to be pinned to the screen to try and listen to what they are saying and often miss trades as they are quick in and out, by the time you get what they are saying and action it the trade has either gone or its already moved and not worth getting in, these are scalping trades. Hope this has helped for the person asking about rtc signals. It was OK and im not downing them but i just happened to find something better and less time consuming.
Regards
Rog
Go on then Rog, put us out of our misery, you didn't tell us what the signalling service is called.

Ta, Simon
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