Tuesday, April 29, 2008

How to find a great Forex Trading alert service

How to find a great Forex Trading alert service
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. For instance Forex
trading signals, Forex trading alerts and forex alert
service bring up different results. This may seem like hard
work but always use your trading dreams as a motivator.
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. Some of them
list over a 100 forex trading alert services so your job
can be reduced considerably. 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. Most of the review sites offer direct links to alert
services providers.

Forex blogs or discussion rooms / forums are again a good
source of alert service information. Going into discussion
forums is a lot more time consuming and your return on
effort will be less than the methods already mentioned. We
use this method to check on the credibility of a service
rather than finding a service.

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
http://www.forextrading-alerts.com or contacting him at
davidlloyd@forextrading-alerts.com

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