With the numerous forex trading signal providers available on the internet nowadays, there are various ways in which forex traders and currency investors, in general, use them. Whether the signal providers offer their services for free or for a fee, forex investors take advantage of these signals they provide in a variety of ways.

Depending on what type of forex trader you are, and what kind of trading strategy you employ, there are certain forex signals providers that would fit your trading personality. And based on these, you should choose which signal provider would complement your trading system to maximize profits and minimize risks for your forex trading account.

Trading Signals As Confirmation

Some forex traders prefer to do their trading analysis on their own. They study the charts on a regular basis, plot support and resistance levels, utilize relevant technical indicators, prepare for important economic data releases, and map out a specific trading plan for whichever way the market goes. They have identified entry and exit points for the currency pairs they trade. And they just wait for the market to show signs of life. And they react to whatever the market gives them.

But these forex traders also use the signals given out by forex trading signal providers. But they do not rely solely on these signals. They just use the signals as confirmation for the trade plans that they have prepared in advance. They take advantage of trading signals, especially if they are provided by free forex trading signal providers, by using them as a sort of second opinion about their forex trading analysis.

They compare what these forex trading signal providers give out with their own technical and fundamental analysis. And they study which points they agree upon and which points they differ at. And based on these, the forex trader may decide whether to continue with his plans of trade, or revise his strategy in view of the analytical input of the forex signal provider.

Or sometimes, the whole process goes in reverse. A forex trader takes the trading signal given out by the trading signal provider. Then, he analyzes it based on his own criteria. And he comes up with his own concluded plan of trade which is essentially a combination of both strategies. Whatever strategy that can assure him of the highest probability of profit and minimal losses, he would take.

Trading Signals As Trigger

For some forex traders, they have chosen to let the experts do the forex analysis for them. Maybe they have already tried doing the technical and fundamental analysis on their own and realized that they are not really cut for it. So they just rely on the forex experts and listen to their opinions when it comes to currency trading.

These types of forex trader usually use the forex trading signals as triggers themselves. They do not add the extra analysis of their own. They take the signals on its face value and use them straight on their trading. They trust the forex trading signal providers to give them profitable signals based on the providers’ own analysis.

The important work for the forex investor lies in choosing the right forex trading signal provider for him. Since he would be putting full confidence on the signal provider, he must choose wisely beforehand. Depending on the type of trading personality of the forex investor, he can choose the best signal provider that would fit his trading goals and objectives. Historical performance is a good gauge of how a signal provider would perform in the future. And a providers track record can give the forex investors the necessary data to evaluate if the provider is the right signal provider for them.

Trading Signals As Trade Orders

Then, there are forex trading signal providers which provide signals that translate directly as orders for those forex investors who choose to employ their services. Simply put, it’s like having a forex robot trading your account for you. But the major difference is that the signals, where the orders are based upon, are given out by human forex experts. These human experts, who serve as the forex trading signal providers, base the signals that they give out on their own technical and fundamental analysis. Depending on how you view purely mechanical trading robots, there are some forex investors who still prefer the human factor in evaluating trading decisions.

When the signal providers send out their trading signals, these are translated into trading orders directly by the forex investor’s forex broker. So, it becomes automatic. The order is entered in behalf of the investor and shall be closed once another signal is sent out by the signal provider. All the forex investor has to do is to monitor the trades and evaluate is he is being profitable with the signals sent out by his provider.

This is a fairly new innovation in the forex investment industry. And the best thing about this is that the services are free. The forex trading signal providers give out their signals for free. And the fore brokers convert those signals into trades also for free.

But the way it works is beneficial for everyone involved. The forex broker gets more business with every trade taken. The Forex trading signal provider gets commission from the broker for every signal that he sends out. And the forex investor, at no extra cost, gets the advice of a forex expert to improve his forex trading and hopefully, accumulate profits for his forex trading account.

Tech Trading uses Gann-based system in his trading. His technical indicators include the Gann hi-lo activators, oscillators, QQE, Momentum, along with Moving Averages, in conjunction with Volume. He trades the Yen and Sterling pairs.

His trading records show an ROI of 4,400%, a very high ROI no matter how you look at it. And this is even more impressive when viewed with the fact that his Maximum Drawdown has only been 15%, one of the lowest among the top signal providers in Zulutrade.

Although the absolute amount in pips of his drawdown is a massive 30,485 pips, this should be viewed in relation to his overall capital position. And that 30 thousand pips actually represent a 15% drawdown. That is pretty impressive especially when viewed against his overall performance of 4,400% ROI.

Tech Trading’s winning trades are a testament to the profitability that he has consistently achieved. According to his trading records, he has a winning percentage of 85%. It simply means that with all of the 1,963 trades that he has taken, he has closed 85% of them, or 1,661 trades in a profit with an average pip gain of 107.7 pips.

His average trade time of 5 days shows that his trading system maximizes the potential profitability of his positions. This is mainly due to his trading strategy which is based on the Gann System. These are not quick scalps in the market which are over in a few minutes or hours. Tech Trading follows the daily trends and closes his profits based on Gann projections.

A look at the graph of his trading record would show that he has been pretty conservative in his trading lately. Although his trades have been consistently profitable with a 85% batting average, he has lately been conservative with the amount of lots that he has opened. But the steady rise in his capital is proof that he calls the shots correct most of the time.

Depending on how an investor would apply proper capital management, Tech Trading can supply any forex investor with reliable trade signals to make his account grow consistently.

View Tech Trading’s trading records and evaluate if he fits your investment goals and trading personality. Open a demo account now.

LowestDD is one of the top signal providers in Zulutrade. A quick look at his batting average for his forex trades would reveal an eye-popping statistic – that he has more than 1,200% ROI!

1,200+% ROI. That is pretty impressive in any arena of forex trading that you compare it to.

LowestDD claims to be a full-fledged forex trader since 2004. And he has been trading quite a number of currency pairs. He trades the EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, USD/CHF, USD/JPY mostly during the London and Bew York sessions; although he does trade the Tokyo and Sydney markets as well during certain times.

He analyzes market trend using the 5M and 15M charts. But he goes down to the 1M charts when giving out his signals. Most of his trades have a profit range of 20-50 pips, depending on how the market moves.

Another statistic which makes LowestDD stand out form the rest of the free signal providers in Zulutrade is his Winning Trade Percentage. This is the ratio of all the trade positions he closed at a profits compared to his total number of trades taken. He has a 98% winning percentage with his trading!

A winning percentage that high should be enough to make any investor investigate the type of trading that he does. So, with a thorough inspection of his trades which is readily viewable in his trading history, we shall see that there are particular trades where he has a drawdown of hundreds of pips. Those figures obviously raise a redflag for potential investors who are looking at LowestDD as a free signal provider.

Enduring thousands of pips of drawdown for some measly 20-50 pip gains may not sit well with some forex investors. Especially if you consider yourself a conservative forex investor, you would not want to have a drawdown of that magnitude in your account.

But in trying to analyze these drawdown figures, one should view the pip figure against the total trading capital that he has. Although the maximum drawdown that he has in his trading history is a whopping 10,279 pips, it should be noted that it can still be a pretty acceptable figure when you compare it as a percentage against his trading capital. That 10,000+ drawdown is actually just a 17% drawdown.

Again, 14% as a drawdown may not be acceptable for the conservative forex trader. But LowestDD is not exactly the type of free signal provider for the conservative trader. When one compares that 17% maximum drawdown to his 1,200+% Return On Investment, one can argue that the 17% drawdown is very much acceptable to be able to achieve such tremendous level of ROI.

In his profile, LowestDD recommends 1 minilot for every $1,250 of capital. And he also recommends allowing him to open only 1 lot at a time, and putting a Stoploss of -80 pips.

Although these are his recommendations, it should be noted that following these 3 recommendations can take away the aggressiveness in the trading for which LowestDD has been known for, and is responsible for his phenomenal ROI figure. It is up to the discretion of the forex investor whether to follow his recommendation as it would effectively take away the strength of his trading strategy.

Among his 3 recommended control options, the capital management factor of allowing only one minilot per $1,250 makes the most sense. This is actually the key in any forex strategy – proper capital management. With proper capital management, a forex investor can endure maximal drawdowns in his account while enjoying a slow but sure build up in his capital.

View LowestDD’s profile and trading history and be the judge yourself. See if your appetite for risk can take his trading strategy. But whether you like him as a free forex signal provider or not, his trading record and profits already speak for themselves.

Open a demo account now and see the amazing results for yourself.