How to use Forex Trading Alert services to produce great returns?

Copyright (c) 2008 David Lloyd

Some Forex traders dream about finding great set and forget forex trading alert services which are easy to follow, profitable and convenient. They would then just copy the daily forex recommendations into their Forex broker dealing station and watch their trading account grow and grow.

Recently over 250 online Forex trading alert services were reviewed and alert services like the one described above do exist!

The big challenge to the average Forex Trader is firstly, finding forex trading signal services that fit the success mould and then secondly, making sure that the service is above board (credible). This article will address the first question of how to find possible forex trading alert services to consider.

The method mostly used by many forex traders is to search the Web using a good search engine and then to slowly search through the results to find say 20 ones to consider for evaluation. This is a good starting point but remember to uses appropriate search terms. Search term like Forex Trading signals, Currency trading alerts and Forex alert services result in different search results. The hard work is well worth it. While you are on the search engine results pages do not neglect the paid adverts to further increase your chances of finding great forex trading signal services. You can find some unexpected gems clicking on these.

Another good place to search for great forex trading signal services are Forex service review sites. Some of these sites give objective and paid reviews of many forex trading alert services on the market and allow users to post comments on their own personal experiences. Your job can also be reduced considerably as some of the review site list over 100 forex trading services. These are probably the best source of good forex trading alert services, as you get direct user feedback as well. We have also found these to be one of the best guides to the creditability of alert services. Use search engines to firstly find the review sites. You can also get direct links from the review sites to the Forex trading signal service providers.

You can get very useful information on Forex trading alert services from Forex bloggs and discussion forums. Your return on effort and time if you use discussion forums will not be as high as the methods already mentioned. This method is better for establishing the credibility of a service that using it to find more Forex trading signal services.

Word of mouth is an often overlooked method. Use your network of other forex traders to enquire whether they have had any good experiences with forex trading alert services.

Using the methods above alert services producing 27 000 pips a year and returns of between 200% and 1000% on capital used, have been found. Not a bad investment of time and effort but 250 alert services had to be researched to get there. You too can benefit from following the process described in this article and well as the articles to follow. It is well worthwhile.

The activities above should provide you with a list of between 20 and 50 Forex trading alert services to consider. How you then water these down to the few that will make you money is the subject of the next article to be published in the article directory. Make sure to watch out for them.

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Learn how you can make money from Forex Trading alert services by tapping into the experience that David Lloyd has in this field by visiting Forex Trading Alerts or contacting him at davidlloyd@forextrading-alerts.com
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Author: Mary McArhur