Forex Signals Club has an average drawdown of 3.5% while the biggest drawdown ever was 7%. Forex Signals Club is a signals provider that provides signals for 30 currency pairs. Let’s be clear. Learning forex trading is not easy. Mastering how to trade forex can take from months to years. Most pro traders took years to develop the skills to successfully trade the currency market. If you are not determined enough, within a few months you will be fatigued and tired after losing one trade after another and ready to quit.
An easy solution for those people who don’t have the time to learn how to trade forex manually is to use a good signals service. In the last few years, many new signals providers have entered the market. The only thing that you need to do is to check the quality of the signals. Another very good development that has taken place in the last few years is that most signal providers now have a trade copier available. Installing a trade copier on your MT4 account will make things very easy for you.
You don’t need to sit in front of the computer manually entering the signals. Install the trade copier EA and it will automatically enter the signals without you being present. Make a list of the best signal services. Just make sure each has got 60 days of refund guarantee. This way you can test the services one by one and if the service is not good, get the refund and move on to the next service on your list.
This is what you should be doing. After you had made the list of the top forex signals providers. Test them one by one on the demo account. Just install the Trade Copier EA, choose your risk level and let the EA copy the signals for one month. After one month do the performance analysis and check how good the service was. If the service is not good, get a refund and start testing the next service on your list. Soon you will discover a service that will work for you.
This Forex Signals Club claims to be good. Take a detailed look at the performance of this Forex Signals Club month by month. Once you are satisfied, you can do the testing on the demo account. It seems the Forex Signals Club does not provide a Trade Copier EA. There are Trade Copier EAs available that can be used to copy the signals send by this Forex Signal Club. Just use one and after one month make your decision. The following screenshot shows the performance of Forex Signal Club for the month of August 2012!
