Best Forex and Cryptocurrency Autotrading Software

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Best Forex Signals – Top 7 Trading Signal Providers for 2020

Forex signals are suggestions and recommendations sent to a trader by a signal service provider advising them on the best time and price to enter or exit a currency price trade.

In most cases, these signals are generated by an experienced human Forex analyst or artificially intelligent trading systems (or both) and then passed onto the Forex signal service providers’ subscriber list.

The effectiveness of these signals is time-limited, and maximal profitability or loss avoidance is pegged on their near-instant execution. This explains why they are delivered through some of the fastest mediums possible like text messages, telegram notifications, RSS Feeds, Direct tweets, emails, and website updates.

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FX signals, as a form of currency trading, have gained popularity and massive adoption from both experienced and beginner traders who rely on experienced industry analysts to conduct the analytical and fundamental analysis of different pairs and furnish them with actionable information on the most profitable trades.

There is however, more to these signals than just their mode of delivery or their execution. And understanding them all starts with looking at the different types of signals, why you need them and the best providers currently available.

Our Best Forex Signals Provider 2020

  • Free Signals
  • In operation for over 12 years
  • Proven success rate of between 89.54 – 93%

What types of Daily Forex Signals are there?

The only difference between manual and automated signals is in their mode of execution. And as the name suggests, manual forex signals refer to trades that must be executed manually. These signals are delivered through an easily accessible and hard to ignore mediums like an SMS, email, or a direct message on a private social media group/channel. They have everything laid out starting with the recommended entry/exit price and the currency pair to trade as well as the market direction – long or short – to assume. Some will also feature several risk management tools like stop loss orders.

But you have to copy these trade settings from this medium and paste them on your trading account and launch the trade. The upside to this is that you have absolute control over the forex trades you pursue while the downside is that missing the signal or late execution may lock you out of profitable trades.

Automated Signals, on the other hand, refer to those that are executed by auto trading bots. The investor here starts with linking their trading account with the signal provider’s bot. Once the signal provider releases a new currency signal, the bot picks it up and executes the trades immediately, as long as your account meets the recommended settings like having enough trading balance.

Unlike the manual signal interpretation and execution where the tip can be delivered by any method, automated signals must be delivered through a medium that allows for immediate capture by the trading bot such as a telegram notification. The upside to automated Forex signal trading is that it executes trades in real time, thereby maximizing your profitability and minimizing the impacts a negative market downturn may have on your trades. One of its limitations, however, is that you have limited control over how many trades it executes in a given period and this may expose you to above average risks.

Why would you consider subscribing for trading signal provider?

    Passive incomes:

Forex signal trading presents you with an opportunity to earn wholly passive incomes. The fact that you are not actively involved in the currency trade analysis means that you can benefit from Forex trades, regardless of your experience.

    Higher returns than most other investment options:

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Most fx signal service providers post an average of 10%+ returns on investments annually. This is way higher than the less than 2% p.a posted by the safer high yield savings account.

    Allows you to profit while learning how to trade:

Long gone are the days when you first needed to commit to training how to trade or perfecting a trading strategy. Today, both the free and paid services make it possible to earn a decent income from currency trading while learning about the industry or perfecting a strategy.

What are the pros and cons of using free signal providers?

Pros

    You don’t need prior trading or market analysis experience to use them Automated signals ensure you don’t miss a trade 24/7 Keeps you updated about the forex market trends Levels the playing field and harmonizes rates of profitability for both beginner and experienced traders Helps you maintain an emotionally unbiased approach to the forex markets

Cons

    It is pretty hard to tell off scams from reliable signal providers Free signals may be highly unreliable and less profitable The fact that you are not privy to the analysis or the virility of the ‘analysts’ expertise exposes you to higher risk every time you accept a signal

What criteria did we use to rate these services?

    Cost and reliability Ease of signal interpretation Ease of integration with an automated trader Accuracy rate Level of analysis – whether AI or human-generated signals Signal delivery method Technical or fundamentally analyzed trades Expertise and experience of the Forex trade analysts

Best Forex Signal Providers for 2020

1. Learn 2 Trade

Learn 2 Trade, a foremost tech innovation, is a UK based digital platform for Forex and cryptocurrency. Its rich content makes it a learning hub for beginners, intermediate and advanced traders. Learn 2 Trade provides signals on Forex pairs and cryptocurrencies including scalping signals and hedging. The team takes pride in 92% signal success and is offering free signals for the first year.

The platform exudes a colorful, user-friendly interface that is not limited in scope. On its website, it arrays a news section on forex, cryptocurrency, technical and fundamental, releases, broker reviews press statement, etc. In addition, Learn 2 Trade is also offering an ongoing day trading course for its clients.

It also provides a rich, up to date library of informative materials on Forex and cryptocurrencies where you can also find useful links to brokers and information on their deposits, bonuses, critical reviews and online support.

Market Leading Forex and Crypto Trading Signals 2020

The Learn 2 Trade Signal team has been providing trading signals to independent financial traders worldwide for over 12 years. It is one of the leading Forex trading signals provider in the world with over 2860 active members.

The Learn 2 Trade signal service will allow you to enjoy these features:

  • Real-Time Telegram delivery – Trading signals will be delivered directly to your phone.
  • Trading news and analysis – Learn 2 Trade provide chart analysis and market information on a daily basis
  • Forex scalping signals
  • Clear stop-loss and take profit

Learn 2 Trade Risk Management

Learn 2 Trade offers a 30 day, 100% money-back guarantee if you are not satisfied with the results. The Learn 2 Trade team is comprised of professional traders who have a success rate of between 89.54 – 93% with trading signals.

Step by step tutorial to joining Learn 2 Trade

Step 1: Choose a package

Choose a package – Learn 2 Trade offers three packages:

  • The 1-month package which costs $25 offering 3 premium signals per day with 89% success rate live messaging service, clear SL and TL also takes 30 seconds to sign up.
  • The 3-month package costs $55 offering the same too.
  • 6-month subscription for $85. Limited slots are available and the cost is effective by saving $65 if done monthly. It offers 3 premium signals per day with an 89% success rate, live messaging service, clear SL and TL.

Step 2: Checkout

Once you chose your package, you will be transferred to the cart page. Click on the proceed to checkout button.

Step 3: Fill in your details

Fill in the registration details: billing details, phone, address, and your payment method. You can complete your payment with a credit card, PayPal, and cryptocurrencies.

  • Proven success rate of between 89.54 – 93%
  • Running for over 12 years
  • Signal delivery via Telegram
  • Learn 2 Trade does not offer a CFD/Forex service
  • Does not provide trading signals on other markets

2. eToro – Best of copy trading

eToro describes itself as the ‘world’s leading social trading platform’. It was one of the first trading companies to enable its users to copy the trades of experienced investors similar to the way that forex signals might be acted upon. While this isn’t a 100% match for a forex signal provider it’s very much worth considering in this group of platforms. Suitable for beginners, intermediately experienced traders, and part-time users – many will find this a highly effective way of improving their trading yields.

eToro is a market leader in the crypto-trading across many countries and is regulated for forex, stocks, CFDs and more across much of Europe. Many traders will find their pro-trader qualification criteria a nice addition, which provides confidence that the traders being copied are genuine, experienced and successful pros. The trading platform allows you to not only copy elite traders but the market portfolio will enable you to copy best performing pooled fund/ trading portfolios.

Step by step tutorial to joining eToro

Step 1: Sign up to the platform

  • Create your eToro fee of charge by providing your personal details
  • Provide the usual KYC detail such as telephone number, proof of address and identification
  • Answer questions to help the platform understand your level experience trading

Step 2: Deposit Funds

  • To start trading with eToro you will need to deposit $200, which is the lowest operating balance

Step 3: Start Trading

  • Start by practicing trades with the complementary demo account to get the hang of the system
  • Then start placing your own trades, and see what gains you potential make
  • Hosts numerous social trading features that extend beyond copying a traders portfolios
  • Maintains a highly transparent fee and price structure
  • Low minimum operating balance of $200 and a reasonable 20% profit share
  • Their customer support team that can only be accessed via email

3. CryptoRocket – Best for crypto and CFD trading

CryptoRocket is a new broker in the industry and has already captured the market with unique trading feature and conditions. The broker offers a variety of trading products including currency pairs, cryptocurrencies, stocks, and indices.

CryptoRocket offers the following features that set the broker apart from other brokers in the industry: private trading, high leverage ratio, encrypted wallet, secure trading platforms, and Straight Through Processing (STP) execution.

The broker offers the most popular trading platform MetaTrader 4, which is available as a desktop and web-based platform. CryptoRocket also allows traders to deposit and withdraw funds with bitcoin.

How can you join CryptoRocket:

Step 1:

Start by creating your account on CryptoRocket homepage. The broker asks only for an email address and password during the account creation process.

Step 2:

Choose your preferred trading platform during account creation, the MT4 desktop version or MT4 WebTrader which does not require installation.

Step 3:

Deposit funds to your account through a variety of payment options: Bitcoin, wire transfer, and credit card.

  • Private and secure trading system
  • CryptoRocket is an STP (Straight Through Processing) broker
  • Allows traders to deposit and withdraw funds via bitcoin
  • CryptoRocket does not offer commodities and ETF trading

4. Premium FX Signals – Simple and effective

Premium FX Signals comes off as our most preferred Forex signals services provider because of their reliability, highly accurate signals and a rich history of helping their subscribers score high returns on investments. We are also drawn to their fast signal delivery methods, in form of both text messages and email alerts, as well as the level of research they put into the analysis of every signal sent out to their clientele as evidenced in the signal analysis report that accompanies every Forex signal. More importantly, their analysts are keep tabs on different currencies and this offers a level of Forex investment diversification.

Analysis and signal delivery

The Premium FX Signal team comprises of some of the most experienced Forex market analysts who are constantly following currency market trends, with the assistance of some of the most advanced financial market analysis algorithms. Here, the signals are vetted and tested by an experienced human before they are delivered to you for execution. Ideally, the Premium FX Signal will have such features as:

  • The currency pair to trade – for instance the USD/EUR
  • The type of trade execution (either a buy or sell order)
  • Trade entry price (for a buy or exit for a sell signal)
  • The stop loss level
  • The take profit level
  • Suggested minimum deposits for maximal profits
  • The signals will then accompanied by a detailed analytical report explaining the reasoning and research that went into deciding to settle on the signal.

Risk exposure and management

The Forex industry, though highly profitable, remains one of the most volatile sectors of the money markets. Easily swayed by such factors as news and global economy dynamics, the forex industry is constantly faced by unpredictable downturns that expose you to huge risks. To address this, Premium FX Signals always suggests the stop loss order level in their forex signals. They will also send out counter signals every time the market moves against their analysis and forecasts.

Step by step on how to join Premium FX Signal services:

Step 1:

Fill in the registration details on the Premiumfxsignal.com website. This process is quite simplistic and will only ask for your Name and address, Email address, valid Phone Number, and password for your new account with the signal service provider.

Step 2:

Decide on your preferred forex broker

Step 3:

Fund your account and decide on the mode of signal delivery (keeping in mind that SMS are only available to United States residents)

AutoTrade Myfxbook

AutoTrade Account Powered by Myfxbook

Key to Markets offer to its clients the opportunity to run the Myfxbook AutoTrade system. By choosing the AutoTrade Account you will be able to link your MT4 trading account to the trading system of your choice.

Myfxbook AutoTrade allows you to create your own portfolio by following successful traders for free without paying any performance fee or management fees.

Why choosing the Myfxbook AutoTrade?

1 – No software installation required as AutoTrade runs supported by its own servers
2 – Only live Traders can become signal providers
3 – Myfxbook hand picks only the best systems
4 – Myfxbook gives incentive to signals providers only for profitable trades
5 – Real Data and accurate statistics are provided with the aim of reducing your risk and increasing your return
6 – Trade Mirroring is completely automated and trades are automatically copied to your account
7 – You can try AutoTrader first in Demo, and activate it live only when you feel ready
8 – You will be able to add and remove any system at any time, without any restrictions

How to Activate the Myfxbook AutoTrade?

1. Create a live account with Key To Markets.

New KTM Client

Open a live trading account by chosing the account type “Myfxbook”

Existing KTM Client

Open an additional account by chosing the account type “Myfxbook”

2. Connect your trading account with Myfxbook.
In order to connect your account to Myfxbook please visit the official website by clicking on the following button: Link Accounts

Start trading NOW

KEY TO MARKETS NZ Limited is a company registered in New Zealand under number 4472148 KEY TO MARKETS NZ Limited does not offer any services to residents of New Zealand, USA, Iran, North Korea and other countries where restrictions apply. For the full list of restricted countries please contact us. KEY TO MARKETS NZ Limited is wholly-owned and controlled by KEY TO MARKETS (UK) Limited.

KEY TO MARKETS (UK) Limited is a company registered in the United Kingdom and regulated by the Financial Conduct Authority (FCA register number 527809) and with the MiFID passport is able to carry on its business in all the European countries subject to MiFID regulations.

KEY TO MARKETS DMCC is a company registered in Dubai (UAE) – DMCC free zone under number DMCC95681 and regulated by the DMCC with trading license number DMCC-344359.

London (UK): Vicarage House – 58-60 Kensington Church Street – London, W8 4DB – United Kingdom
Auckland (NZ): Level 10, 21 Queen Street – Auckland, 1010 – New Zealand
Dubai (UAE): Unit 2725, DMCC Business Centre Level 1, Jewellery and Gemplex 3, Dubai, United Arab Emirates

Risk warning and disclosure

Trading in Margined Foreign Exchange carries a high level of risk to your capital and is subject to rapid and unexpected price movements. A key risk of leveraged trading is that if a market moves against your position you can incur additional liabilities far in excess of your initial margin deposit. Only speculate with money you can afford to lose. The products listed on this website may not be suitable for all customers, therefore ensure you fully understand the risks involved and seek independent financial advice if necessary. Nothing on Key to Markets’ websites, emails or any other form of communication or advertisement is intended to be a recommendation to buy or sell in any financial derivative markets. No representation, implicit or explicit, has been made that any account will or is likely to realize any particular profit or loss.

Risks You Will Encounter in Bitcoin Autotrading

Background

A relative new financial market class is here with us: cryptocurrencies. 15 years ago, forex became mainstream among the retail trading segment of the market. Then came binary options. Now, we have cryptos as the hottest asset class we have seen in the last few years. A nagging question which has followed the emergence of new assets has also cropped up once more: is it really possible to engage in Bitcoin Autotrading, i.e. trade cryptos with robots?

Well apparently, the answer is yes, as several Bitcoin autotrading bots have appeared on the market.

But why has this bitcoin autotrading robot received such negative attention? Perhaps this is because it is the first time a regulator has come out openly to denounce the product. We have had many awful forex robots come along in the past. These forex robots suck in investors who are later outraged over bad performances. We then saw legions of binary options robots which inundated the search engines with their keyword-laden sales pages, and leaving some real horror stories in their wake.

But, the hardest ever attack against a forex robot is probably the one expressed by the Maltese Financial Services Authority (MFSA) against Bitcoin Revolution. Here is the full warning from the MFSA:

The denunciation came after a familiar pattern noticed among binary options sales pages was noticed with this bot. This brought back memories of how investors lost their funds to junk robots in forex and binary options.

Using Bitcoin Autotrading Robots

Using autotrading robots is not inherently bad, but they come with hidden risks. The population of the market traders that make up the retail segment is quite large and is swelling by the day. Many of these people are uninformed and untrained investors. They do not have sound knowledge of how the markets work. The drive for many of them is simply the desire to partake in the initial bull runs that occur when a new market starts to get mainstream attention. Robot vendors know this, and they simply feed off this investing frenzy, such as that which occurred in late 2020.

Furthermore, the market for autotrading software is unregulated. This has unwittingly opened the door for every Tom, Dick and Harry to jump in with a product that promises the buyer mansion-building, yacht-buying, women-attracting and jet-riding order of profits. Who wouldn’t want to simply sail all over the world in a yacht, surrounded by pretty ladies while some wonder software literally spins data into crypto gold on a computer day in, day out?

Humans are emotional beings, and that is what robot vendors have tapped into. They use these glittering images to feed fantasies into the minds of everyday people. These everyday people can then not see any other way to achieve these financial goals. That is why many ignore the risks and come back with bad stories to tell.

Risks in Bitcoin Autotrading

So let’s look at a few of the risks involved in autotrading:

  1. Financial market trading is risky, but the risk levels in cryptocurrency trading far exceed what you get in forex or stocks. The market is so fast-paced that cryptos have been known to gain up to 500% in a single day of trading. If your robot traded the wrong way, such a loss could be really disastrous.
  2. Many autotrading software have no allowance for risk management. Any trades must not take up more than 3% of the account capital in total market exposure. The programmers of this software have often not programmed them to factor in this trade dynamic. Some even trade with no stop loss.

The only way to really last long in trading is to control risk as much as possible. And, take time to filter out only the soundest trades.

You should use an autotrading robot that makes this a priority instead of showing girls and fancy cars, parked close to a private aircraft. If you see this setup on a sales page, you are better off just closing the page.

What is the best trusted cryptocurrency auto trading company?

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Just as talk is cheap, crypto trading is cheap to talk but not when you go live — live trading when the big screen is in front of you with various altcoins running up and down.

When this happens if you are a beginner, you can go ahead and complain that crypto trading is not for you, maybe a total bullhockey.

Starting a crypto career, the hidden truth as a crypto trader is, there is no guarantee that you will win 90% most especially if you came in clueless after taking some courses.

As a matter of fact, Matt Delong pointed out that although crypto trading is a great career (if you enjoy getting.

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