Signal Trader is an automated trading system for Forex traders. Signal Trader works with 15 global Forex brokerage houses, and offers 14 different trading systems for you to automatically integrate into your currency trading investment strategy. They do not charge traders to use the system, but you must open an account with one of there connected brokers, with a min deposit of $2,000.
Trading Systems Review
Signal Trader currently has 14 different trading systems for you to choose from. The various systems have been active for a long as 3 years to as short as 5 months.They are automated, in as much as your account will placed the trades automatically. However, there is a real person making the trading decisions. It is not a black box algorithm robot.
When comparing which system to follow, it is important to look at the details. For example: They have a system called Signal King which shows a 460% profit, but when we looked at the details page here, we see that it has not been profitable for the past 3 months, and its current success rate is only 46% profitable trades.
So just make sure you properly analyze each of the 14 available systems, and choose one that is currently making money.
Forex Brokers Available
One of the nice features of Signal Trader is how many brokers you can choose from. They are compatible with 15 Forex Brokers, including the popular AVA Trade, FXDD, FX Pro, and FXCM to name a few.
There are so many Forex brokers online today, and it is important for you to make sure that the broker you are trading with is licensed and regulated.
If you already have a trading account with one of the brokers they work with, you will need to create a new account via Signal Trader so that they automated trading system can work.
Signal Trader Demo Account
We always like brokers that offer free demo accounts. Signal Trader has a demo account feature.
The problem with all trading signals and automated trading systems is that “past performance is not indicative of future results”. So a demo account is good to setup and see the features of the system, but it will not tell you which system will be most profitable next week or next month.
Are you currently using Signal Trader? Please share your thoughts in the comments below.