Forex Profit Alerts are hawked on the internet like a disease. Seems that every person who has had sight of a chart and found the mql4 signal coding site is selling systems - what rubbish many hawk around. I shudder to think whatsome of their personaltrading accounts would look like if he ever did trade. Most of these Gurus are incapable of trading.
Thus the first requisite when putting your financial trust in a conglomaration of so called Forex Profit Alerts is to get a look at the sellers personal trading account. Or better still see if he will walk you through the philosophy behind the thinking of his system.
Talking philosophy in trading - here is mine - WHEN TRADING YOU MUST HAVE TWO TARGETS, NAMELY TRADE TO AVOID LOSSES AND TRADE TO MAKE A PROFIT
No 1 is Trade to avoid losses.
No 2 is trade to make a profit.
You will notice that when trading to avoid losses profits tend to look after themselves. The other trading cliche you must have heard many times already, but hear it from me - a profitable forex trader - don't trade for the sake of trading - trade only when you can clearly see a profit. The attitude of "Oh well I'll try this trade" is a losers attitude.
Finally - and most importantly - learn to READ your charts, this is an art you will only gain with experience. You can have the best system in the world, but if you can not read what it says"between the lines" you will loose money. that is why all my system owners have access to me - if they are not making money it reflects on whatI sold them.
Remeber that a good system needs knowledge to enable you sort the chaff from the wheat. Follow a trader that knows how, dont dive in blind.