Best Forex Trading Signals Reviewed 2023

Trading in financial markets involves buying and selling assets for the purpose of making financial gains. These buy and sell decisions can be based on your personal trading strategy, or on the experience of other traders through trading signals.

Put simply, a trading signal tells you when to buy and when to sell, and at what price, without you needing any financial or trading knowledge. A trading signal is therefore an advice to buy or sell, with very precise criteria and timing, which is based on one or more analysis parameters.

Usually, signal providers have a team of licensed professionals in this industry with a lot of experience. They perform in-depth market research based on technical or fundamental analysis before providing signals. Therefore, if you are a new trader and want to learn more about how trading works, using signals from a trusted source would be a good option.

You can find free or paid trading signals on a number of platforms. But which one to choose? Which provider offers the best trading signals?

Free or paid trading signals - Which one to choose?

There are free and paid signals provided to a trader in any way convenient for him: Telegram, Whatsapp, Messenger, email or SMS. Generally, you should know that paid signals are more reliable than free signals. It would seem that companies that provide paid Forex signals are interested in the client being satisfied with the quality of services and continuing to cooperate.

However, there are also reliable free signals. Several forex brokers indeed offer trading signals to their clients to help them get started in the financial markets, and these signals are generally of very good quality. However, some unscrupulous performers take advantage of this.

 Therefore, when choosing a signal provider, whether it offers paid or free services, it is imperative to make sure that it is bona fide. This can be done by looking at the forex signals review of this company on the Internet, as well as its reports on the work. It is worth reading forex trading signals review to consult the opinions of its current customers to find out whether the signal in question is reliable or not. This information should be transparent and accessible.

However, the opinions of users are ambiguous, so you should rely on your own experience and knowledge. It is important to understand that for successful Forex trading, you need to know the basics and principles of trading, as well as for the correct use of trading signals.

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4.8/5 Review
4.8/5 Review

Forex signals review - where to find trading signals?

 Where can you find relevant buy and sell signals to guide your positions on the forex market?

Overall, 3 types of services are particularly used to find signals: 

  1. On the trading platform: on platforms such as MetaTrader, for example, where a whole list of signals is available independently of your forex broker, most often from forex robots or an Expert Advisor (EA), that is tell of computer programs that "scan" different currency pairs for entry and exit points
  2. On specialized sites: on sites such as, for example, where the analysis is carried out by forex market specialists who are also helped by algorithmic programs
  3. Forex brokers. If you are looking for a free forex signal, we would suggest looking for a forex broker like Not only does the platform give you access to dozens of currency pairs, but you can trade on a commission-free basis.

What strategies for trading signals?

Usually, trading signals follow a well-defined strategy and stick to it. There are all kinds that are useful to know. In this section, therefore, we will introduce you to the main trading strategies that forex signals can follow.

Trend following trading signals

Forex signals following a trend following strategy rely on the use of technical analysis to identify the direction of market dynamics. This strategy is generally considered a medium-term strategy, best suited for position traders or swing traders, as each position will remain open as long as the trend continues.

Range trading signals

The Trading Range is a strategy that seeks to take advantage of market consolidation - the term to describe a market price that is stuck between support and resistance. Range signals are generally aimed at short-term gains.

While trend following signals focuses on the general trend, range trading signals focus on short term price swings, with long and short positions.

Breakout trading signals

The breaks trading signals, or breakouts, are based on a strategy to come into position after a significant break or of support or resistance, or a trend line or trend channel.

This type of breakout often generates accelerations by triggering stops, and it is these accelerations that are targeted by the signals on breaks.

Reversal trading signals

The reversal trading signals seek to identify the time and price at which a trend will change direction.

A reversal can occur in either direction. A “bullish reversal” indicates that the market is at the bottom of a downtrend and will soon turn into an uptrend. A “bearish reversal” indicates that the market is at the top of an uptrend and is likely to turn into a downtrend.

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4.8/5 Review
4.8/5 Review

Why use forex signals? Advantages and disadvantages

At this point in this forex signals review, you should have a clearer idea of what it is all about. Let's summarize what we've learned so far by listing the pros and cons of signals.

Benefits of forex signals

Let's go over the strengths of these tools to get started.

Benefit from the experience of seasoned traders

For manual trading signals, they are offered by experienced investors. Indeed, you must have proven yourself and have good market analysis skills to claim to provide quality trading signals. The forex signals enable you then to rest on the experience, sometimes very large, traders who send them.

A way to profit from the markets without wasting time

Forex trading signals that you can easily copy to your trading account are a way to take advantage of market opportunities without having to train in trading, a process that takes at least several months. You also won't have to keep monitoring your charts for opportunities.

The possibility of choosing between many suppliers and strategies

By choosing trading signals, you will have the opportunity to compare hundreds of traders and trading systems based on various parameters. You will be able to take the time to study the trading strategies on which the signals are based and to methodically choose the best ones.

A way to keep an eye on all the markets

financial markets finally note that some signal providers do not focus on a single financial market, and send signals on stocks, forex, or even crypto-currencies depending on the opportunities.

Sometimes teams of several people, therefore, monitor the markets for you and send you signals based on the opportunities identified. This is a very interesting point, given that it would be impossible for you to monitor all the markets on your own.

Disadvantages of trading signals

Now let's focus on the weak points of these tools.

 Risks of scams

It is easy to come across scams in the world of trading signals. For example, this can take the form of false information about performance.

However, please note that the signal providers discussed in this guide are very secure in our opinion, and are not scams in any way. On the other hand, if you decide to deviate from this list, be extra careful to avoid unpleasant surprises!

No learning to trade

The second major disadvantage of forex and other signals is that copying signals from other traders will not inspire you to learn to trade. You will therefore not be able to learn how to build your own strategies, and the performance of your trading account will therefore depend on other people than you, which can sometimes be stressful.

A happy medium would be to follow trading signals, trying to understand the reasons for the signals, for each signal.

Multibank Review
4.8/5 Review
4.8/5 Review

Forex signals review conclusion: Should we use trading signals? 

Without a doubt, good Forex signals can help you increase your profits, while bad signals can make you lose your money. But how can we be sure that a particular Forex signal provider is offering reliable alerts and not wasting our money? We've looked at several providers and tested some of their most popular signals to determine which ones are relevant and trustworthy and which ones simply cannot be trusted.

However, there are many signal providers out there, and you better make no mistake, since scams are plentiful. To be on the safe side, you should limit yourself to the providers discussed in this forex trading signals review, all of which are considered reliable. Among them, AtoZ Markets seems the most suitable for beginners.

So don't hesitate any longer! Open a trading account, choose a signal provider, and start making profits in forex and other financial markets.