IntelliForex Review
Posted in Forex Signals on 25. Mar, 2010
IntelliForex is basically quite a new forex trading signals service that started in 2006, which was 4 years ago.
The currency pairs they trade are as follows: EURUSD, GBPUSD, AUDUSD, USDCAD and USDCHF. They even provide swing and intraday signals.
This service is quite good for beginner traders because the signal recommendations are clear and straight to the point.
The subscription fee is quite high at $127/month. Because of this, they do offer a free 2 week trial for you to fully test drive their system. According to their performance logs, it seems like overall they are in the green albeit some months of losses.
The trade signals are separated into 2 different categories, swing and intraday trades. The swing trade signals are given out by a pattern recognition technology that identifies certain patterns that repeat in the price action.
The intraday signals on the other hand are given out by their experienced traders. The signals can happen any time throughout the whole day so that you are given the chance to trade throughout a 24 hour period. It could be a disadvantage or advantage, depending entirely on your point of view.
The alert will contain a market price, the stop loss and the target profit price. You have to enter the trade as soon as you receive the signals because they are given out as market orders.
After that, a close trade signal will be given to close the trade as either a winner or a loser. Trades may remain open for times ranging from minutes to hours. This means that you have to be constantly on alert and act as fast as you can once you receive the alerts.
Luckily, IntelliForex has a easy to navigate site and they have charts detailing their current signals.
They do have a performance page which tracks each trades they have given signals to. It is very transparent and you can see how well they have been doing with all the signals. However, they don’t provide recommendations on how to manage your money.
The best thing about them is their guarantee. It is very unique in which they make sure that you get a +100 pips minimum every month. This makes sure that you are having a positive ROI on your subscription. Overall, this is a great signals service.
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