2020 has been undoubtedly the year of trading signals. With the increased volatility due to corona, markets have been on a roller coaster nonstop. No matter if beginner or advanced, the investors who have followed the right trading signals have earned fortunes. It is the dream come true – especially for many beginners – to earn money from home without any prior knowledge or skills. Even though there are various reasons why many people use trading signals, but the main goal is always the same – to make money. Who would have thought otherwise?

But with such high demand, there are often many companies or individuals who offer signal services without the needed qualification. Thus, many people who placed their trust in new or dubious signal providers lost money. We will try our best to shed some light into this matter and help newcomers find the right service to test. So before you jump right into the market you should consider the following questions:

  1. How do you know if a signal provider is trustworthy?
  2. Which signal provider is affordable for your budget?
  3. But most importantly, which signal provider has constantly profitable signals?

If you are short on time and need to skip this article but still want to test trading signals you can sign up at 101investing. They offer free and reliable trading signals from trading central. It’s suitable even for bloody beginners and advanced investors and traders alike.

  1. How do you know if a signal provider is legit?

Legit services don’t rely on Facebook, WhatsApp or Telegram groups. They have standalone websites which are around for years and have a solid track record. New or rebranded providers are usually a no-go. When you are looking for a trustworthy partner, you should definitely stick to service providers like trading central who are in the business year after year. One of the longest running signaling companies is Trading Central. Sadly trading central is only accessible for retail traders and investors via a brokerage. You can’t access their signals and analysis tools just like that. But more to that later.

  1. Which signal provider is affordable for your budget?

Some signal provider are quite expensive and charge a hefty monthly fee. Depending on the size of your account, paying $100 – $1000 or more a month is probably not worth it. On top, there is always the chance that you may even have a couple of fail-trades before your signals turn a profit. This is why we recommend trading central here as well because it is free for customers of 101investing.

  1. Which signal provider has constantly profitable signals?

To be completely fair, there are simply too many signal providers to test each one ourselves. This is why we gathered feedback from different sources, compiled a ton of reviews and checked only the top 3 contenders. What we learned so far is that a high price does not necessarily correlate with high performance. After analyzing the data our recommendation is the following. Try trading signals with a relatively small amount of money and if the signals prove to be reliable invest a bigger amount into the same signal service. Usually the best service providers are not directly open to the public. Trading Central for example offers premium signals only to traders and investors who have active accounts with certain brokers. Some of them charge money and some of them offer access for free. But since the signals are the same, it’s a better choice to choose a free offer than a paid one. 101Investing offers free access to trading central. 

Looking ahead, one thing is for certain. Signal providers are here to stay and will even take a bigger market share in 2021. With the ongoing corona crisis, impending financial and economic crisis volatility is here to stay. Many people believe that e.g. in a stock market drop value is only lost but the truth is that many traders or hedge funds profit from falling stocks. The market is just redistributing the money, it is not lost. This is where signal providers come into play, to make the best out of the up and downswings in the market.

By TS Newswire

TS Newswire is a PR DIstribution Agency.

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