TradeFX Plus Review
Posted in Forex Signals on 25. Mar, 2010
TradeFX Plus was started in May 2005 as a forex trading signals service. They provide trades from the major currencies such as EURUSD, USDCHF, GBPUSD and USDJPY. They provide their daily trade recommendations from Monday to Thursday only at 8PM GMT sharp. That time is jst right after the New York forex market closes at 4PM EST.
TradeFX Plus have been providing signals that are not bad. They even have some features that can help beginners and experienced traders alike make more profit consistently.
TradeFX Plus’s daily recommendations are easy to follow and understand have been giving great performance all along. The cost of subscribing to them is $69/month, and they even throw in a daily EURUSD signal as a bonus.
You can opt to receive the signals either via email, sms or even by checking through their site. The way they put their recommendations is by placing a trade with a buy or sell limit price when the price is achieved. There is a target price for when you should exit and grab your profits and a stop loss point so that you can prevent any more losses.
If you want to maximize the chances of earning, you have to set the trade as soon as you receive their signal. They only give out their signals when all the global trading ends, which indicates that they use either Fibonacci retracement or CCI indicators to find out when to enter.
On some days, no signals will be given because the presuggested price for entry was not reached. Subscribers will have access to logs that states all current and closed trades.
Currently, they have the same amount number of winning trades and losing wons. However, their stop losses are around 40pips and the winning targets are around 80 pips on average. This means that people that follow their signals consistently will be making money.
The great thing about them is that they aren’t only providing signals, they have a community over their site. They have blog areas where the other subscribers can post their own tips or strategies.
The community is a great place to learn and absorb a lot of forex knowledge if you are a newbie. It is also a great place for you to mentor people if you are an experienced trader.
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