Did you know you can make money from forex without ever placing a trade yourself? Social trading forex signals allow you to copy other trader’s strategies and replicate their performance on your own account. If you don’t have time to trade due to work commitments, or you’re just starting out learning to trade, forex trading signals can help you to turn impressive profits while you earn or learn. Forex signals aren’t just for beginners though, maybe you’re an experienced trader looking to smooth out your performance by running a balanced strategy portfolio?
Lots of people think you have to spend a lot of money every month in order to take advantage of forex signals, but these days, this simply isn’t true.
Introducing Myfxbook AutoTrade Forex Signals
If you’ve been trading for a while you’re probably familiar with the account analysis suite available at myfxbook.com, but what you might not know, is Myfxbook also operates a social trading or signal service called AutoTrade. AutoTrade lets you copy the traders of profitable traders, direct to your brokerage account, for free! That’s right, for free.
Vantage FX is an AutoTrade Broker
So what’s the catch? The only catch is you have to have an account with a supported broker and lucky for you, Vantage FX just happens to be a supported broker. Vantage FX clients don’t pay anything to use the AutoTrade service. If you are a Vantage FX client, you can automatically copy the trades of professional traders for free!
Handpicked Forex Trading Signals
If you’ve ever had a look through the MQL4 signals, you would have noticed there is a lot of junk in there and it’s tough sifting through it all. Myfxbook autotrade is different, all the signal providers have to meet a set of eligibility criteria or they are unable to participate. These are just a few of Myfxbook’s eligibility criteria for signal providers:
– No martingale or grid
– At least 100 trades
– Return greater than drawdown
– Real account with at least $1000 deposit
– Expectancy greater than 3 pips
As you can see, these conditions filter out a lot of junk systems right away. You don’t have to worry about the signal provider blowing up your account with a martingale system, or blowing up your account because they are on a demo or cent account and have no skin in the game. This service take all the hassle out of selecting a signal provider so you can relax.
Trading Forex Signals? You Want RAW ECN
Automated forex signals work best with low spread accounts, this is why Vantage FX is the perfect broker to use with the Myfxbook AutoTrade service. By connecting your Vantage FX RAW ECN account to the Myfxbook AutoTrade service, you’ll ensure you are accurately replicating the signal provider’s trades with minimal performance divergence. AutoTrade and RAW ECN go hand in hand. Open a Vantage FX RAW ECN account today and then head over to Myfxbook and connect your account.
Who knew free forex signals could be this easy?
Source: Vantage FX Blog