Free Forex Signals

Forex Signal Services tend to be priced in the range of $200 to $600 or more, but the majority tends to focus more on the sales pitch of the service, than actually long term profitable trading. Here at TradeProfits, I share some of the trades I take and you can follow along completely free of charge.

READ THIS: There are never any guarantees of profit. You are responsible for the trades you take. There will be losses, which is why you need to have a strong focus on money management. Do not trade for money you cannot afford to lose! If you are new to trading, go to this section to read more about the FX market. For questions about my trading approach, visit this page. Trades are posted whenever there is a good opportunity in the market and not necessarily on a daily basis. Most important is that you are aware that trading in the currency market involves substantial risk and losses will occur!

Now before you do anything else, it is important that you understand, that my goal isn´t to make quick bucks on a day to day basis. You will be far better off if you think about profitability on a monthly basis compared to that of a daily basis. No matter if you follow me, some other guy, a mechanical system or an expert advisor; losses will be a part of the game!

The trades I take are trades which I place on my own account. If you chose to follow along you are the one responsible. I am not a regulated financial advisor and I am not to be held liable for any losses you might incur. If you take a trade you are the one responsible for it – period.

The trades I take will have a low risk exposure, and I highly recommend you approach trading in the same manner. Trading is a probability game and because of this, it makes no sense to take one trade with significant risk exposure. Additionally it makes no sense to take one trade with much more risk exposure than any other trade simply because you think you’ve found the perfect setup.

By keeping the risk per trade limited to a low percentage of your account balance, you also avoid (or at least minimize the chances of) getting caught in the psychological game of trading – an element which trends to severe implications for the individual traders account if attention to this subject is lacking.

Trades are based on a systematic approach which is basically to say that no trade is based 100% on specific criteria’s. See more information here. There is no right answer as to how many trades I take per day. Some days I don’t have any trades and other days we have maybe around 5 setups. It depends on how markets are moving and which kind of setups we get.

On the blog there will often be posts with possible trade setups, which allows you to carefully consider a possible entry. Daily Outlook videos are also posted every now and then, when the market shows us a good opportunity. You can read more about the daily outlook videos right here.

When time allows for it, I send emails to my readers about trades I take. These trades tend to more in the swing type category. Sign up here.

For short term trades, I mainly use my facebook group to post the trades, but if you want to be on the safe side, join me on LinkedIn and Twitter as well.

Whenever a trade is issued, a stop loss is placed immediately as a hard stop, and I urge you to do the same. Mental stops don’t work and with a stop loss we have a chance to optimize our risk:reward ratio. Without a stop loss you will, in theory have the worst possible risk:reward ratio and no single trade is worth unlimited risk.