Honest Forex Signals Review-Must Read Before You Try It

Venom1989

Trader
Mar 21, 2021
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Allegiance American Enterprises, LLC, which owns Honest Forex Signals, is an American-based signals provider and webinar service that sends out trades from a live trader named Robbie Newton.

In the United States, the service is a recognized member of the Better Business Bureau, which resolves conflicts between customers and businesses. Registration with the Better Business Bureau is seen as an indication that a firm is open about its policies and seeks to keep customers pleased.

The BBB is widely employed by enterprises in all sectors of commerce in the United States, but we've never come across a BBB-registered Forex signal service, and we thought this confirmation to be rather comforting, given the huge percentage of Forex frauds on the internet.
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Options for Getting Forex Signals
Honest Forex Signals provides email notifications as well as an automatic trading copier. In December 2011, we put the service to the test for two weeks and were blown away by the outcomes. The success rate was above 90%, but the trades themselves breached one of the most common trading rules: stop losses must be bigger than winnings.

In our Honest Forex Signals review, we elected to use the email notifications. One thing we discovered is that the stop loss and take profit levels aren't always mentioned in the emails, despite the fact that our follow-up with the company revealed that these metrics are always the same (40 pips take profit and 80 pops stop loss),

so a trader should be able to implement the trades properly even without this information. Once the trades were closed, the levels were always included in the “closing” email. We understand that all of the take profit and stop loss levels are included, without fail, in the trade copier software. All trades were provided during in either the European or American trading session.
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Results
During the two weeks of monitoring for this Honest Forex Signals review, all trades were based on the GBP/USD pair, and each had an 80-pip stop loss and a 40-pip take profit. While this style of trading has a high success rate, it is important to remember that each loss wipes away two winning trades. Nonetheless, there is no doubting that Honest Forex Signals is a phenomenally effective signal service, with gains far outnumbering losses thus far. For example, in November and December 2011, the service profited by roughly 700 pips. Honest Forex Signals is a solid alternative for traders looking for a dependable signal service because of these impressive results.

How does the free trial of Forex Signals work?

It's simple. Create an account with a username and password, then choose the membership package that best suits your needs. Our yearly plan is the most cost-effective and popular, and your free trial will run for seven days.

You can watch our daily live streams, learn from our educational tools, and participate in community trade ideas and conversations.

Final Verdict

Overall, the signals provided out by Honest Forex Signals hold a great deal of promise. The trader demonstrates apparent trading ability as well as a thorough understanding of how markets work. The signals were delivered quickly and could be verified, which isn't usually the case with Forex trading signals. The gains were nearly non-stop, which made the findings quite thrilling. If you're going to use this service, you should use the automatic trade copier, which connects to any MetaTrader 4 terminal with ease. Because this service costs $177 a month, you'll need a sizable account to make it worthwhile to trade with it.

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